Market Research Blog – Page 1320 – New Product Development

Hybrid Vehicles Market Projected to Reach USD 1,644,192.6 Million by 2033, Growing at a 21.6% CAGR | FMI Reports

The hybrid vehicles market is experiencing substantial growth, with projections indicating it will reach a remarkable USD 1,644,192.6 million by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 21.6%. This growth underscores the increasing consumer preference for eco-friendly and fuel-efficient transportation options.

As global transportation trends move towards sustainability, hybrid vehicles offer an appealing solution by combining traditional internal combustion engines with electric power. This dual approach enhances fuel efficiency and reduces reliance on fossil fuels, making hybrid vehicles a practical choice for environmentally conscious consumers.

Consumer awareness of potential future price increases and fluctuating gasoline costs is significantly influencing purchasing decisions. Hybrid vehicles, renowned for their superior fuel efficiency and reduced dependence on oil, present a cost-effective alternative to conventional vehicles. As gasoline prices rise, the cost-saving benefits of hybrid vehicles are driving increased interest and market expansion.

Advancements in battery technology are also pivotal to this market growth. Modern hybrid vehicles benefit from enhanced battery efficiency, greater power density, longer lifespan, and lower costs. These technological improvements not only boost the performance and reliability of hybrid vehicles but also make them more accessible to a broader audience. The diversity in hybrid vehicle batteries further attracts buyers and supports market expansion.

Overall, the hybrid vehicles market is poised for a promising future, fueled by technological innovations and the growing demand for sustainable transportation solutions.

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Key Takeaways from the Hybrid Vehicles Market Report:

In 2018, the global market size stood at USD 90,798.9 million.
The market expanded at a CAGR of 20.7% from 2018 to 2022.
In 2022, the global market size stood at USD 192,712.4 million.
The United States captured 30.4% of global market shares in 2022.
India captured 22.8% of global market shares in 2022.
China captured 24.3% of global market shares in 2022.
The United Kingdom captured 22.2% of global market shares in 2022.
The hybrid vehicles segment captured 32.2% of global market shares in 2022.
The passenger cars segment acquired 27.6% of global market shares in 2022.

Leading Key Players:

The hybrid vehicles market is driven by leading key players such as Tilley Inflatable Design & Engineering Ltd., Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, and Bayerische Motoren Werke AG (BMW). These industry giants are at the forefront of innovation, investing heavily in research and development to enhance hybrid technology, improve fuel efficiency, and reduce emissions. Their competitive strategies and commitment to sustainable mobility are pivotal in shaping the future of the automotive industry.

Recent Developments Observed by FMI:

Nissan just unveiled the fourth iteration of the X-Trail. The Nissan X-Trail is scheduled to make its debut in the middle of 2023. Strong Hybrid and Mild Hybrid hybrid drivetrains are expected to be offered for Nissan’s X-Trail SUV. The car is expected to cost around INR 40 lakhs when it goes on sale.
The Nissan Qashqai SUV is built on the CMF-C platform, which was developed in collaboration with Renault. The Qashqai is anticipated to be powered by a 1.3L gasoline engine and a mild hybrid powertrain. The automobile is projected to cost around INR 30 lakhs when it goes on sale. Because the Qashqai is likely to go on sale after the Nissan X-Trail, we may expect to see it around late 2023 or early 2024.

Hybrid Vehicles Market Segmentation:

By Product Type:

Hybrid Vehicles
Plug-in Hybrid Vehicles

By Vehicle Type:

Passenger Car
LCV
HCV

By Engine Type:

Gasoline Electric
Diesel Electric

By Powertrain Configuration:

Parallel Hybrid
Series Hybrid
Power Split Hybrid

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
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.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Mobile Cranes Market Projected to Reach USD 33,500.2 Million by 2034, Growing at a 6.7% CAGR | FMI Reports

The mobile crane market is set to grow significantly, with a projected year-on-year increase of 6.7% in 2024, reaching a market value of USD 17,679.6 million. This growth trend is expected to continue, with a Compound Annual Growth Rate (CAGR) of 6.7% from 2024 to 2034, leading to anticipated market revenues of USD 33,500.2 million by the end of 2034.

Mobile cranes, valued for their exceptional versatility and mobility in lifting and transporting heavy equipment and materials, are crucial across various industries. The market is on a strong growth trajectory, driven by several key factors. These include expanding infrastructure projects, increasing industrial activities, and rising demand for efficient lifting solutions. The sector offers promising opportunities and is shaped by emerging trends that enhance its future outlook.

Market Drivers:

Infrastructure Development Boom: The ongoing surge in infrastructure projects worldwide, including roads, bridges, and renewable energy installations, necessitates the use of mobile cranes for efficient construction and installation.
Urbanization and Industrial Growth: Rapid urbanization and industrial expansion create a demand for mobile cranes in construction, manufacturing, and plant maintenance activities.
Focus on Renewable Energy: The growing adoption of wind turbines and solar power plants fuels the demand for specialized mobile cranes capable of handling large and heavy components.
Advancements in Technology: Innovations in areas like telematics, automation, and improved lifting capacities are enhancing efficiency, safety, and operational capabilities of mobile cranes.

Full Market Assessment: Comprehensive Report

Opportunities Abound:

The mobile crane market presents a wealth of opportunities for manufacturers and solution providers:

Focus on Niche Applications: Developing specialized mobile cranes for specific industries, such as all-terrain cranes for construction sites with uneven terrain or compact cranes for tight indoor spaces, can attract new customer segments.
Integration with Advanced Technologies: Equipping cranes with features like load sensing, anti-collision systems, and remote monitoring capabilities can enhance safety, optimize lifting operations, and improve data-driven decision making.
Emphasis on Rental Services: Offering mobile cranes as a service with comprehensive maintenance and support packages can cater to projects with short-term lifting needs.
Focus on Emerging Markets: As infrastructure development accelerates in emerging economies, manufacturers can tap into these growing markets with cost-effective and reliable mobile crane solutions.

Future Trends:

The mobile crane market is expected to witness several key trends in the coming years:

Rise of Electric and Hybrid Cranes: Focus on sustainability will drive the development of electric and hybrid mobile cranes with lower emissions and reduced dependence on fossil fuels.
Emphasis on Data Analytics: Advanced data analytics capabilities can provide valuable insights into crane usage patterns, preventive maintenance needs, and operator performance, optimizing fleet management and utilization.
Focus on Artificial Intelligence (AI): AI-powered systems can assist crane operators with tasks like load calculation, route planning, and collision avoidance, further enhancing safety and efficiency.
Rise of the Sharing Economy: Peer-to-peer crane sharing platforms could emerge, connecting project owners with mobile crane owners for short-term rentals, increasing utilization rates and market access.

Leading Mobile Crane Brands

Liebherr Group
Terex Corporation
Tadano Ltd.
Zoomlion Heavy Industry Science and Technology Co., Ltd.
XCMG Construction Machinery Co., Ltd.
Sany Heavy Industry Co., Ltd.
KATO WORKS CO., LTD.
Kobelco Construction Machinery Co., Ltd.
Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
The Manitowoc Company, Inc.
Konecranes
PALFINGER AG
Sarens n.v./s.a.
Altec Industries
Bauer Group

Key Segments of Market Report

By Product Type:

By product type, the sector is categorized into truck-mounted cranes, trailer-mounted cranes, and crawler cranes.

By Capacity:

In terms of capacity, the industry is classified into up to 10 tons, 11 to 50 tons, and above 50 tons.

By Propulsion:

The propulsion category is classified into internal combustion engine cranes and electric cranes.

By End-use:

Based on end-use, the sector is categorized into construction and mining, industrial, ports and shipping, utilities, oil and gas, transport and logistics, and others.

By Region:

The leading regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.

About Future Market Insights (FMI)

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

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Global Poultry Keeping Machinery Market Set to Reach USD 7.7 Billion by 2033, Growing at a 4% CAGR | FMI Reports

Country-wise Analysis: Poultry Keeping Machinery Market

United States: Growing Adoption of Advanced Machinery Drives Market Growth

The outlook for the Poultry Keeping Machinery Market in the United States is promising, characterized by the increasing deployment of advanced poultry machinery, including automated egg collectors and broiler harvesters. This technological advancement is poised to be a significant driver of market growth within the U.S.

As a result of these innovations, the demand for healthy dietary products is anticipated to witness a substantial upswing, particularly in the realm of chicken products. Recognized as an economical source of protein, chicken products are expected to experience a notable surge in demand. Consequently, there is a growing need for improved infrastructure and facilities to effectively manage poultry, meeting the evolving demands of the market.

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China: Novel Technologies Propel Poultry Farm Equipment Demand

China presents a highly lucrative market for poultry keeping machinery, with the rising implementation of novel technologies creating compelling growth opportunities for poultry farm equipment manufacturers. Key drivers in this context include an increase in household income, shifts in food consumption patterns, and changing consumer preferences favoring value-added foods.

Notably, livestock production holds a substantial share of China’s total agricultural output. The widespread adoption of technology for poultry farm equipment, coupled with the emergence of new market entrants offering innovative products, underscores the extensive use of poultry keeping machinery in China. The market’s growth potential is further accentuated by these factors, positioning China as a prominent player in the global poultry keeping machinery market.

Key Players:

Valco Companies, Inc.
Vencomatic Group
TEXHA PA LLC
Petersime NV
HAMex-GmbH
Big Dutchman International GmbH
Jansen Poultry Equipment
Ziggity Systems, Inc.
A.P. POULTRY EQUIPMENTS
TECNO POULTRY EQUIPMENT Spa
Salmet

Market Segmentation:

By Product:

Feeding
Drinking
Climate Control
Incubator Equipment
Hatchery Equipment
Egg Collection, Handling, and Management Equipment
Broiler Harvesting and Slaughtering
Residue and Waste Management
Others (Vaccinations, Floorings, Scales, Nests, Cages)

Bye End User:

Farm
Poultry Factory

By Region:

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

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These variants in tonerin ára skin tone can influence exactly how light is soaked up and spread, affecting the viewed color of capillaries.

Global Golf Cart Market Set to Achieve USD 2.07 Billion by 2033, Growing at a 3.9% CAGR | FMI Reports

The golf cart market is poised for significant growth, with projections indicating a valuation of USD 2.07 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 3.9%. This growth is largely attributed to the increasing popularity of golf as a recreational activity and the expanding use of golf carts in resorts, airports, and gated communities.

A key driver of demand is the rising emphasis on eco-friendly transportation options, particularly electric golf carts. Manufacturers are innovating by introducing advanced features and enhancing performance, supporting a positive market outlook.

However, the industry faces some challenges. The high initial cost of purchasing golf carts, especially premium models or fleets, can be a significant barrier for budget-conscious buyers or organizations. Additionally, concerns about environmental impacts and sustainability may pose challenges, necessitating technological advancements and eco-friendly practices to address these issues and sustain growth.

On the other hand, the industry offers several promising opportunities. The growing demand for electric golf carts, driven by environmental and sustainability concerns, is a notable trend. Electric golf carts provide lower emissions, reduced noise, and long-term cost benefits. Furthermore, the rising interest in golf tourism and recreational activities in developing regions presents untapped potential for market expansion.

Key trends influencing the golf cart industry include the integration of modern technologies such as GPS navigation systems, touchscreen displays, and connectivity features, which enhance the golfing experience and provide valuable data insights. Additionally, there is a growing emphasis on customization, allowing consumers to personalize their golf carts with unique designs, colors, and accessories. This trend caters to individual preferences and adds a personal touch to the golfing experience.

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Key Takeaways from the Golf Cart Market Report:

The United States Golf Cart Market holds a significant market share of 19.8% in 2023. Germany captured a market share of 8.2% in 2023, indicating its contribution and market presence in the golf cart industry. Japan holds a market share of 4.9% in 2023, reflecting its market capture and growing demand for golf carts in the country. China exhibits steady growth opportunities with a CAGR of 4.4% until 2033. The United Kingdom demonstrates a steady growth trajectory with a CAGR of 4.0%. The push-pull golf carts segment captures a significant market share of 28.3% in 2023. The golf courses segment dominates the market with a substantial market share of 34.8% in 2023.

Leading Key Players:

The golf cart market is highly competitive, with leading key players driving innovation and market growth. Prominent companies such as Club Car, LLC, Yamaha Golf-Car Company, and E-Z-GO are at the forefront, offering advanced and reliable golf cart solutions. Other notable manufacturers include EverGreen Electrical Vehicles, Columbia ParCar Corp, and Hitachi Chemical Co., Ltd., which are recognized for their technological advancements and robust product portfolios. Xiamen Dalle Electric Car Co., Ltd. and Maini Material Movement Pvt. Ltd. also play significant roles in the market, particularly in the electric golf cart segment. Luxury and high-end models are represented by Garia Luxury Golf Car and Cruise Car, Inc. Additionally, major corporations like Toyota Motor Corporation and Polaris Inc. are making notable strides in this sector. Specialized manufacturers such as Solorider, GDRIVE Golf Cart, Carrieall Car Pvt Ltd, and Volmac Engineering Pvt Ltd contribute to the market’s diversity and innovation, ensuring a wide range of options for consumers globally.

Key Segmentations

By Product Type:

Push-Pull Golf Cart
Gasoline Golf Cart
Electric Golf Cart
Solar Powered Golf Cart

By Operation:

Manual
Powered

By Application:

Golf Courses
Personal Use
Industry Use
Others

By Ownership:

Rented
Fully Owned

By Region:

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

About Future Market Insights (FMI)

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

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Smoked Fish Market Set for Significant Growth with a CAGR of 4.6% Through 2033

The smoked fish market is projected to reach a valuation of USD 5.1 billion in 2023 and is expected to grow to USD 8.0 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.6% throughout the forecast period.

Rising awareness of seafood’s health benefits and the increasing popularity of smoked fish across various cuisines are driving the growth of the smoked fish market throughout the forecast period. This market encompasses a diverse array of products, including smoked salmon, trout, herring, mackerel, and other fish varieties.

Additionally, shifting consumer preferences and the growing demand for convenient and nutritious food options are boosting the popularity of smoked fish. Known for its high protein content, omega-3 fatty acids, vitamins, and minerals, smoked fish is increasingly favored as a healthy food choice, further accelerating market growth.

Several factors are anticipated to drive the growth of the smoked fish market, including an increase in the working-class population, rising per capita income, and the growing popularity of prepared seafood products.

In North America, the market is expanding due to heightened demand for ready-to-eat seafood items, with the consumption of smoked salmon surging in both the USA and Canada.

Europe is expected to capture the largest share of the smoked fish market, bolstered by a high concentration of convenience stores, hypermarkets, and supermarkets.

The Asia Pacific region is projected to hold a significant share and lead the market in the coming years. This growth is driven by changing consumer preferences towards healthier lifestyles and a rising demand for high-protein foods. Additionally, the expanding consumer base for seafood in developing countries like India and China is contributing to the market’s dominance in the region.

Competitive Landscape

A significant advancement in the global smoked fish industry is the adoption of innovative smoking techniques aimed at enhancing consistency and flavor. In 2016, SNV Netherlands, in partnership with the Food and Agriculture Agency, introduced FTT-Thiaroye, a groundbreaking technology for smoking fish.

This new technology allows industry players to create innovative products that meet modern safety standards while optimizing drying and smoking processes regardless of weather conditions.

Some of the leading manufacturers and suppliers of smoked fish are-

Kraft Heinz
Unilever
Leroy Seafood Group
Marine Harvest
2 Sisters Food Group
General Mills
Nestle
Epermarket
The Hain Celestial Group
Conagra Foods
Others.

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Key Segmentation of Smoked Fish Market

By Product:

Smoked salmon
Smoked mackerel
Smoked herring
Smoked trout
Other smoked fish

By Method:

Hot smoked fish
Cold smoked fish

By Region:

North America
- USA & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Soluble Corn Fiber Market Trends: Expected Valuation of USD 915.8 Million by 2034 with 4.8% CAGR

The soluble corn fiber market is projected to reach a valuation of USD 574.0 million in 2024 and is anticipated to grow to USD 915.8 million by 2034. This growth corresponds to a compound annual growth rate (CAGR) of 4.8% over the forecast period.

Consumers are increasingly seeking healthier food and beverage options, driving the incorporation of soluble corn fiber (SCF) into a range of products. The trend towards functional foods and beverages has highlighted SCF’s role as a prebiotic, promoting the growth of beneficial gut bacteria and boosting market demand.

Additionally, the clean-label movement has favored soluble corn fiber, as it is viewed as a natural and transparent ingredient. Its ability to reduce sugar and calorie content in food products aligns with global concerns about obesity and diabetes, further enhancing its appeal.

Regulatory approvals and support for SCF as a dietary fiber in various regions have also facilitated its inclusion in diverse food and beverage products. Importantly, soluble corn fiber improves the nutritional profile of products without compromising taste or texture.

Food and beverage manufacturers are increasingly incorporating soluble corn fiber (SCF) into their products to address the rising demand for functional and healthier ingredients. This trend is driving positive sales growth in the soluble corn fiber market as more companies recognize its versatility and nutritional benefits.

The market is seeing robust growth due to the widespread use of SCF in a variety of products, including beverages, dairy items, bakery goods, and snacks. As consumer awareness of health and wellness continues to rise, so does the demand for SCF. Its popularity is attributed to its role as a prebiotic fiber, which offers potential health benefits such as supporting digestive health and aiding in weight management.

Competitive Landscape

The global soluble corn fiber market is notably concentrated, with key players including Archer Daniels Midland Company, General Mills, Tate & Lyle, Roquette Freres, and Batory Foods. These leading companies are investing significantly in research and development to enhance their market share by creating new soluble corn fiber formulations that cater to consumer preferences, such as clean labels, reduced sugar content, and improved digestive health.

To further strengthen their positions, these companies engage in marketing and educational campaigns to highlight the benefits and versatility of soluble corn fiber. Strategic partnerships with industry stakeholders also play a crucial role in establishing soluble corn fiber as a preferred ingredient across a range of products, driving market growth and reinforcing their competitive edge in the industry.

Recent Developments

Cargill introduced a new soluble corn fiber on 3rd March 2023, supporting sugar reductions of 30% or more. This ingredient, labeled as soluble corn fiber, provided nutritional benefits, digestive tolerance, and functional attributes, including enhancing bulk and mouthfeel in reduced-sugar applications, especially in indulgent categories like bakery.
As of March 16, 2022, Tate & Lyle delved into the potential of prebiotic soluble corn fiber for cognitive health, metabolic health, and immunity. The exploration aimed to understand its impact on the gut microbiome.

Key Companies in the Market

Archer Daniels Midland Company
General Mills
Tate & Lyle
Roquette Freres
Batory Foods
Baolingbao Biology Co, Ltd
Ingredion Incorporated
Cargill
Muby Chemicals
Jianlong Biotechnology Co. Ltd

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Market Segmentation

By Product Type:

Food
- Bakery
- Breakfast Cereals & Snacks
- Confectionery
- Dairy
- Meat Products
- Infant food
Beverages
Pharmaceutical
Animal Nutrition
- Swine
- Ruminants
- Poultry
- Pet
Personal care & cosmetics
Textile
Others (Medical, Automotive)

By Form:

Liquid
Powder

By End-Use Industry:

Food and Beverages
Bakery
Food Processing
Nutraceuticals
Dairy

By Region:

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

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Global Whipped Topping Concentrate Market Set to Reach USD 4,338 Million by 2033 with 5.2% CAGR

The global whipped topping concentrate market is projected to reach a valuation of USD 4,338 million by 2033, with a compound annual growth rate (CAGR) of 5.2% from 2023 to 2033.

Whipping topping concentrate serves as a vital ingredient for adding air and a creamy texture in various food products. It is commonly used in ice cream production, whipped toppings, dessert creams, cake fillings, and decorating creams. Available in both powder and liquid forms, the powder variant has seen significant growth recently, although the liquid form remains popular. This concentrate is utilized in both organic and conventional forms across the foodservice and food processing industries.

The growing use of emulsifiers in the food industry has sustained the demand for innovative ingredients, leading to increased sales of whipped topping concentrate. As the demand for dairy-based whipped toppings rises, so does the need for whipped topping concentrate. The projected period is expected to see a further increase in demand, driven by the use of vegetable oils to produce emulsifier agents.

The market for whipped topping concentrate has experienced rapid growth in recent years, largely driven by increased consumption of baked goods. Products such as cakes, desserts, and other baked items benefit from the stability and extended shelf life provided by whipped topping concentrate. As consumer preferences shift within the food and beverage industries, there has been a steady rise in the use of emulsifiers and whipping agents. The growing popularity of desserts, ice cream, and bakery products is further amplifying key trends in the sector. Additionally, the rising use of non-dairy ingredients is expected to contribute significantly to the market’s continued expansion.

Competitive Landscape

The whipped topping concentrate market is relatively consolidated, with leading players focusing on growth strategies such as mergers and acquisitions and expanding their distribution networks to strengthen their market presence. Manufacturers are employing various competitive tactics, including new product launches, “free-from” claims, and certifications for organic and natural origins, to differentiate themselves and capture market share.

Key Companies Profiled

Peak Food LLC

RICH’s Products Corporation

BASF SE

SKM Egg Products

Lasenor

Palsgaard A/S

Fine Organics

Ashland

FBC Industries, Inc.

Gelita, Real Ltd.

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Whipped Topping Concentrate Market by Category

By Source:

Dairy
Non-Dairy

By Application:

Dessert
Bakery Products
Others

By Physical Form:

Solid
Liquid

By Region:

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

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Global Spelt Wheat Market to Expand at a 4.1% CAGR Over the Next Decade

The global spelt wheat market is anticipated to reach a valuation of USD 1,890 million by 2023, with a projected compound annual growth rate (CAGR) of 4.1% from 2023 to 2033. By 2033, the market is expected to expand to USD 2,825 million.

Spelt, also known as dinkel wheat, is a hulled wheat variety distinguished by its nutty flavor and sweet taste. It has slightly less gluten than bread wheat. Spelt is produced by crossing wild goat grass with emmer wheat, with the rough-spike hard grass, or wild goat grass, being notable for its self-pollinating properties.

As a digestive regulator, the fiber content in spelt wheat helps prevent constipation, diverticulitis, and inflammation. Additionally, spelt wheat contains vitamin niacin, which supports the regulation of sexual hormones, and thiamin, which helps manage psychological stress and anxiety. The rising consumption of spelt wheat, which lowers bad cholesterol and reduces the risk of cardiovascular diseases, is a significant factor driving global market growth.

The global spelt wheat market is experiencing growth due to increasing demand in the brewing industry, where spelt wheat contributes to an earthy and creamy flavor during the brewing process. Its nutritional benefits, high protein content, and ability to add crispiness make spelt wheat popular in the food and bread sectors. However, a shortage of spelt wheat is creating supply-demand imbalances, presenting challenges for market expansion. These issues collectively hinder the growth of the global spelt wheat market.

Additionally, spelt wheat is rich in vitamin B17 and unique carbohydrates, which play a crucial role in preventing certain cancers and enhancing the immune system’s ability to fight infections. Its numerous health benefits are driving increased demand in the global food sector, particularly among health-conscious consumers. Compared to processed foods and commercially available wheat flour, spelt wheat offers greater nutrient bioavailability. Moreover, its hard outer husk provides natural protection against insects, fungi, and other threats, allowing it to be cultivated without the need for pesticides and fungicides.

Competitive Landscape

The spelt wheat market is relatively consolidated, with key players focusing on growth strategies such as mergers and acquisitions and expanding their distribution networks to enhance their market presence. Manufacturers employ a range of competitive tactics, including new product launches, “free-from” claims, and certifications for organic and natural origins.

Key Companies Profiled

Arnreiter Mühle GmbH

Pfahnl Backmittel GmbH

European Flour Millers

Blattmann Schweiz AG

Einbrunger Mühle Karl Rölkens

Ardent Mills

Bob’s Red Mill Natural Foods

Healthy Hildegard

Montana Flour & Grains

The Spelt Company Somerset Ltd

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Spelt Wheat Market by Category

By Nature:

Organic
Conventional

By Variety:

Whole Flour
White Spelt Flour

By Format:

Flour
Whole Kernels
Custom Multigrain Blends
Cracked

By Distribution Channel:

Direct
Indirect
Hypermarkets
Supermarkets
Retailers

By End Use:

Food Industry
Feed Industry
Other Industrial

By Region:

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

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Global CMO/CDMO Market Set to Surge to USD 39.4 Billion by 2033, Driven by Outsourcing Trends

The global CMO/CDMO market is on the brink of significant expansion, with projections estimating a rise to USD 39.4 billion by 2033. This marks a substantial increase from the estimated market size of USD 22.5 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.7% over the next decade.

Recent industry analysis highlights a transformative shift within the pharmaceutical sector, which is driving this exceptional growth. As pharmaceutical companies increasingly opt to outsource critical services, the demand for CMOs and CDMOs has surged. This strategic shift underscores the pivotal role of CMOs and CDMOs in the pharmaceutical value chain, as they provide specialized services that enable pharmaceutical companies to streamline operations and concentrate on their core competencies.

FMI, a leading player in the CMO/CDMO sector, is strategically positioned to capitalize on this burgeoning market. With a deep-rooted commitment to innovation and excellence, FMI is well-equipped to drive advancements and deliver high-quality solutions across the evolving pharmaceutical landscape.

“The rising demand for outsourcing in the pharmaceutical industry presents a unique opportunity for us to enhance our service offerings and cement our position as a leader in the CMO/CDMO market,” said an FMI. “We are dedicated to leveraging our expertise and capabilities to meet the growing needs of our clients and contribute to the advancement of the pharmaceutical sector.”

As the pharmaceutical industry continues to evolve, the role of CMOs and CDMOs will become increasingly vital. FMI’s strategic positioning and innovative approach ensure that it remains at the forefront of this dynamic market, ready to meet the challenges and opportunities that lie ahead.

Key Takeaways:

The global CMO/CDMO market grew at a CAGR of 5.3% over the historical period.
The Indian market is expected to expand at a CAGR of 5% in the coming decades.
In 2022, North America held more than 17.6% of the global revenue share.
The Chinese market is expected to grow at a CAGR of 5% over the next few decades.
In 2022, the contract manufacturing segment held 69.28% of the market share.

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Competitive Landscape:

The CMO/CDMO market is characterized by a consolidated vendor landscape, with ongoing research and development remaining a key strategy among market players. Strategic collaborations are also a common approach used to gain a competitive advantage.

In July 2022, Societal CDMO and Lannett Firm revised their authorization and distribution agreement for marketing Verapamil PM and Verelan SR products. Societal CDMO, specializing in the development and production of small molecules, is expected to see both immediate and long-term price increases in development, in conjunction with a ten percent increase in the revenue share from Verapamil PM sales.
In June 2022, MilliporeSigma, the U.S. and Canada Life Science enterprise of Merck KGaA, doubled its capacity for producing high-potent active pharmaceutical ingredients (HPAPI) with the establishment of a new facility in Verona, near Madison, WI. The USD 65 million, 70,000-square-foot facility will employ 50 individuals in the community.

Key Companies Profiled:

Swiss American CDMO
Pierre Fabre Group
Zymo Cosmetics
Fareva, Biofarma Srl C.F
Chemineau, C.O.C.
Farmaceutici Srl
Paragon Nordic Cosmetic Solutions
Kolma
Lonza
Cho Chuang Industrial Co., Ltd.
Vive Cosmetics
Ori BioNature Sdn Bhd
Zoic Cosmetics
Samriddhi Life Sciences
Natrocare

Key Segments Profiled in the CMO/CDMO Market Report:

By Service:

Contract Development
- Formulation development
- Pilot studies
Contract Manufacturing
- Bulk preparation & scale-up
- Safety Testing
- Filling & Packaging
- Close jars
- Bottles
- Tubes
- Roll-ons
Others

By Product:

Hair Products
Skin Products
Lip Products
Eye Products
Body Hygiene
Oral Hygiene

By Form:

Solid Form & Powder
Lotions
Creams
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Global Value-Based Healthcare Service Market Poised for Significant Growth, Reaching USD 6,184.2 Million by 2034 grow at a 6.5% CAGR

The global value-based healthcare service market is set for remarkable expansion, with anticipated revenues reaching approximately USD 3,281.2 million in 2024, according to recent industry reports. This growth trajectory is driven by a substantial shift towards value-based care models, with the market expected to grow at a compound annual growth rate (CAGR) of 6.5% throughout the forecast period.

The surge in market value reflects the increasing global recognition and adoption of value-based care approaches. Analysts predict that by 2034, the market will generate substantial revenues of USD 6,184.2 million, underscoring a robust and ongoing commitment to enhancing patient care and satisfaction.

Patients are increasingly turning to value-based healthcare models for their ability to reduce the need for frequent doctor visits, thus lowering overall treatment costs. Additionally, the integration of digital technologies is driving advancements in healthcare, broadening the scope and accessibility of value-driven healthcare services.

Despite the growth, service providers face challenges such as managing diverse patient-level variables within electronic health records (EHRs) and navigating complex reimbursement and payment mechanisms. As the market evolves, stakeholders are expected to overcome these challenges through innovative solutions and strategic partnerships, fostering further growth in the value-based healthcare service sector.

Key Insights from the Market Study:

United States: Home to numerous IT companies involved in value-based healthcare services, with an anticipated CAGR of 1.3% through 2034.
Europe: Germany and the United Kingdom lead the European market with a projected CAGR of 3%.
China: Expected to experience a lucrative CAGR of 2.3% in value-based healthcare services over the forecast period.
South Korea: Emerging as a significant market with a projected CAGR of 1.8% from 2024 to 2034.

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Competitive Landscape:

Private healthcare institutions are enhancing network reliability and transforming medicinal care through value-based services. Increased collaborations between regional governments and healthcare companies have intensified market competition. “Hospitals are the primary end-users of value-driven healthcare services due to higher patient footfall. With emerging nations focusing on enhancing healthcare infrastructure, the number of value-based healthcare service providers is rapidly increasing,” says a lead analyst at FMI.

Recent Developments:

In November 2021, the Global Surgery Foundation and UNITAR launched the Value-based Healthcare (VBHC) Hub, supported by Takeda and developed in collaboration with the Ministry of Health, to advance VBHC models in low-income and resource-constrained settings.
In September 2023, CommonSpirit Health introduced the Population Health Services Organization (PHSO), a value-based care platform offering a range of services including population health analytics, network management, and data management.

Key Companies:

Siemens Healthcare GmbH
NextStep Solutions
McKesson Corporation
NextGen Healthcare
Genpact Limited
Athena Healthcare
Boston Consulting Group
Change Healthcare
Baker Tilly, USA, LLC
ForeSee Medical

Market Segmentation:

By Product Type: Accountable Care Organization (ACO), Patient-centered Medical Home (PCMH), Pay For Performance (P4P), Bundled Payments
By Deployment Type: On-premise, Cloud
By End User Verticals: Hospitals, Clinics, Insurance Companies, Government, Others
By Region: North America, Latin America, Europe, East Asia, South Asia and Pacific, Middle East and Africa (MEA)

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