Market Research Blog – Page 1344 – New Product Development

Food Irradiation Market Set for 6% CAGR Growth by 2033, Says Future Market Insights

The food irradiation market (Markt für Lebensmittelbestrahlung) is predicted to be worth US$ 312 million in 2023 and rise to US$ 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% from 2018 to 2022.

Sustainability is gaining importance in the food industry, and irradiation can help reduce food waste by extending the shelf life of food products. This can mitigate the damaging environmental effects of food production and distribution.

The effectiveness and safety of food irradiation are being guaranteed by regulatory systems from all over the world. As regulatory approvals spread and become more standardized, food irradiation becomes more and more widespread.

Moreover, food preservatives can extend the shelf life of foods. As a result, the market for food preservation goods is advantageous to the worldwide business. Antioxidants and antibacterial substances, two types of food preservatives, have been shown to have potential health benefits.

Opportunities for Expanding Market Profitability

To increase food safety and decrease food waste, emerging regions have aggressively promoted and developed food irradiation technology. Food irradiation is projected to continue to play a significant role in the food business due to the rising demand for safe and high-quality food items.

Key Takeaways

In 2022, the United States accounted for 5.6% share of the food irradiation market.
The food irradiation market was significantly expanding, with a size of US$ 300 million in 2022.
The market offers incredible prospects as a result of consumers’ growing health consciousness, and analysts predict a 1.04x growth rate between 2022 and 2023.
The market in China is anticipated to expand at an adequate CAGR of 3.5% by 2033.
In 2022, Germany accounted for 3.4% share of the food irradiation market.
In 2022, Australia accounted for 0.3% share of the food irradiation market.
By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 5.3%.
Based on the source, Gamma radiation is likely to lead the market and continue to lead the market.
Based on technology, ozone treatment continues to dominate the sector during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

To increase the efficacy and efficiency of their irradiation technology, businesses in the food irradiation industry are continually making research and development investments. Technology advancements can give a competitive edge to businesses that can provide quicker, more dependable, and less expensive solutions.
Companies operating in the market must adhere to laws and norms pertaining to food irradiation. By offering dependable, safe, and compliant irradiation services that satisfy industry standards, businesses that can guarantee compliance with regulatory regulations can gain a competitive advantage.

Recent Developments

Scantech Sciences: Scantech Sciences is an American business that offers irradiation solutions for extending the shelf life and ensuring the safety of food. The business announced the release of its new Cesium-137 irradiator in 2021, which is intended to offer a more affordable and effective option for food irradiation.
Providing irradiation solutions for food safety and sterilization is an Indian company called Lanexis Enterprises Pvt. Ltd. To fulfill the rising demand for irradiation services in India, the business declared the installation of a new Cobalt-60 irradiator at its site in Gujarat in 2020.

Comprehensive Market Insights: Full Report Overview

Key segments

By Source:

Gamma Radiation
X-ray Radiation
Electron Beam Radiation

By Technology:

Ultra-high Pressure
Steam Pasteurization
Food Coating
Ozone Treatment
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Global Food Authenticity Testing Services Market Set to Reach USD 10.11 Billion by 2033, Growing at a 6% CAGR

In 2023, the US$ 5893 million for the food authenticity testing service market (Markt für Dienstleistungen zur Prüfung der Lebensmittelauthentizität) is estimated to reach a revised size of US$ 10112.8 million by 2033. This market is expected to expand at a CAGR of 6% during the analysis period.

Consumers have become increasingly skeptical about the authenticity of food products designed to meet specific needs, such as vegan, free-form, and organic. This is due to intentional ingredient substitution, misleading consumers with false claims, and disruptive labeling.

To differentiate their products from conventional offerings, food manufacturers have adopted food authentication techniques to capture significant market share. Consumers are increasingly concerned about food safety and clean labels, so adoption may be on the rise.

The increasing incidence of fraud, false labeling, certification, and adulteration in food products is one factor driving the market growth. Additionally, consumers are becoming more knowledgeable about food quality, increasing market growth.

“The epidemic of economically motivated infestation (EMA) to overcome competition has forced governments to impose strict regulations on food inspection and authenticity regulations, pushing markets toward a multi-billion-dollar valuation.” – says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The food authenticity testing service market is expected to grow at a CAGR of 6% over the forecast period.
It is estimated that the food authenticity testing service market in North America will remain strong during the forecast period.
Due to its large population, Asia Pacific is expected to be the fastest-growing region for food authenticity testing services
Testing meat speciation authenticity is bolstered by a high incidence of meat consumption
The food authenticity testing services market in China is expected to witness significant growth at a CAGR of around 4.4%.

Competitive Landscape:

The global food authenticity testing service market is dominated by a small number of players aiming to concentrate their presence in emerging markets. They launch products, introduce innovations, acquire strategic companies, and establish laboratories and research facilities in areas that are not developed. By offering innovative products, market players can maintain supply and demand, thus assisting the growth of the overall market.

Several prominent companies dominate this market, including ALS Ltd, EMSL Analytical, Inc., Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA, Romer Labs, others.

Recent Developments:

In collaboration with Eurofins GeneScan Technologies GmbH in October 2019, UgenTec’s real-time PCR analysis software platform, FastFinder, may be used to develop assay plugins for Eurofins GeneScan Technologies’ portfolio of molecular biology kits. Furthermore, the partnership can help Eurofins scale up its assays with automated results reports and fast sample-to-result times for food, feed, and seed testing.
With the acquisition of Vanguard Sciences Inc. in January 2018, SGS expanded its global network of agriculture and food laboratories by integrating the company’s two food laboratories. Agricultural and food testing is provided by two laboratories, including product testing and research (including testing of processes and products).
SGS announces the opening of its new food testing laboratory in Papua New Guinea. In addition to food safety, quality, and sustainability, SGS offers a comprehensive range of services.

Detailed Market Study: Full Report and Analysis

Food Authenticity Testing Services Market Segmentation by Category

By Food Tested:

Meat & Meat Products
Dairy & Dairy Products
Processed Foods
Other Food Tested

By Target Testing:

Meat Speciation
Country of Origin & Ageing
Adulteration
False Labelling

By Technology:

PCR-Based
Liquid Chromatography-Mass Spectrometry (LC-MS)
Isotope
Immunoassay Based/ELISA
Other Technologies

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Chickpea Protein Industry Anticipates Rapid Growth, Aiming for USD 165.1 Million by 2033

The global chickpea protein market (Markt für Kichererbsenprotein) is predicted to register a CAGR of 5.1% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 100.9 million in 2023 to US$ 165.1 million by 2033 end.

Chickpea protein consumption is anticipated to increase due to increasing demand from the food industry. The extensive use of chickpea protein in the food and pastry kitchen industry is expected to positively influence over the next 10 years. An increasing shift in food consumption patterns favoring meat electives and prepared food items is predicted to stimulate market growth.

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Development of alternative meat formulations for categories like snacks, dressings, etc., is forecast to catalyze market development in the coming years. The affordability, versatility, and nutrient-rich properties of chickpeas are expected to help the market incline forward. The usage of chickpea protein for weight management, safety from chronic diseases, and stimulating other aspects of health is projected to push the market growth in the years to come.

Top Highlights from the FMI’s Analysis of the Chickpea Protein Market:

North America is assessed to lead the global market over the next 10 years. The United States chickpea protein industry is projected to attain US$ 53.6 million by 2033. The CAGR assumed for the United States market is anticipated to be 7% over the forecast period.
In the Europe region, Germany is projected to hold a significant market percentage. The German market is anticipated to attain US$ 13.21 million by 2033. Over the forecast period, the market is expected to expand at 4% CAGR.
The United Kingdom market is predicted to attain US$ 8.3 million by the end of 2033. Over the upcoming years, the market is anticipated to register a 6% CAGR.
In the European region, the Spain market is expected to exhibit significant growth, expanding at a CAGR of 2% over the forecast period. The market is set to achieve a market valuation of US$ 7.1 million by 2033.
Within the Asia Pacific region, China’s contribution is anticipated to stand out. By the end of 2033, the China market is expected to attain US$ 17.8 million. The market is projected to perceive a growth rate of 4% over the forthcoming years.
The protein isolates segment, based on product type, is expected to register a 4% CAGR, up from the 3.6% CAGR observed in the historical period.
The conventional chickpea protein vertical, based on nature, is projected to expand at a CAGR of 5% from 2023 to 2033, lifting from the 3% CAGR witnessed in recent years.

Key Developments Stirring Up the Marketplace

In March 2023, new, innovative food products developed using InnovoPro’s chickpea protein are planned to be showcased in snacks, dressings, dairy, and meat alternatives categories. These newly developed products are expected to be showcased at Natural Products Expo West 2023.
In September 2022, Ingredion Inc. announced its equity stake in InnovoPro, a chickpea ingredient developer.

Exhaustive Market Report: A Complete Study

Chickpea Protein Market Segmentation

By Product Type:

Protein Isolates
Protein Concentrates
Flour
Other Product Types

By Nature:

Organic
Conventional

By End User:

Food Processing
- Bakery & Confectionery
- Meat Alternatives
- Functional Foods
- Dairy Replacements
- Infant Foods
- Other Food Applications
Animal Feed
- Livestock
  - Cattle
  - Swine
  - Poultry
- Pet Food
- Aquafeed
Nutraceuticals
Sports Nutrition
Infant Nutrition

By Processing Type:

Dry Processing
Wet Processing

About Future Market Insights (FMI)

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Casein Market Expected to Climb to USD 4.9 Billion by 2033, According to Future Market Insights Inc.

The casein market has witnessed significant growth in recent years, driven by the increasing demand for dairy products, especially in the food and beverage industry. Casein, a protein found in milk, has found versatile applications in various sectors, including food and beverage, pharmaceuticals, cosmetics, and industrial applications.

In 2023, the global casein market was worth US$ 2.7 billion. The market is predicted to increase at a CAGR of 6.3% from 2023 to 2033, reaching a value of US$ 4.9 billion by 2033.

Increasing industrial adoption of casein is driving casein market expansion over the forecast period. The growing relevance of protein in the diet is expected to boost casein market growth.

The growing global demand for protein-enriched foods is expected to drive casein market growth. This is due to increased awareness of the benefits of protein, such as weight loss and muscle gain.

Caseins are also becoming more popular in general nutrition due to their great ability to release amino acids gradually. Rising global cheese demand is expected to accelerate the expansion of the casein markets.

Price Hikes for Raw Materials May Hamper Market Growth

Consumer preferences for plant-based protein over dairy-based protein are likely to limit the market growth of caseins. Another key restraining factor for the casein market is the variable supply of the product around the world, which is expected to further impede market expansion for casein.

Increasing manufacturing costs and raw material prices for the production of casein are expected to impede market expansion for casein during the forecast period.

Asia Pacific is Projected to Offer the Largest Casein Market Opportunity

The casein market is being driven by rising disposable incomes and increased consumer health consciousness. The market may benefit from the expansion of big firms in important emerging economies. In the Asia Pacific region, India and China give significant growth potential for the industry’s leading producers.

The two countries’ rising populations are assisting industry expansion in the Asia Pacific area, particularly in the pharmaceutical and food & beverage sectors. The Asia Pacific region’s robust expansion is projected to have a beneficial impact on the global casein market.

The increasing number of R&D activities conducted by corporations and expanding developments in the industry are projected to move the industry forward.

Key Takeaways

Through 2033, the flavouring agent market is expected to grow at a function-type CAGR of 6.2%.
In terms of end use over the forecast period, the market segment for food processing has the highest CAGR of 6.1%.
By 2033, the United States market for casein may have climbed by 5.2% CAGR, reaching US$ 1.5 Bn.
The United Kingdom market may have expanded at 5.5% CAGR by 2033, reaching US$ 228.5 Mn.
China market might have developed at a 7.3% CAGR by 2033, expected to reach US$ 421.2 billion.
Japanese market for casein is predicted to grow at a 5.7% CAGR by 2033, reaching US$ 355.8 billion.
South Korean market for casein is expected to expand at a 6.7% CAGR by 2033, reaching US$ 198.5 billion.

Competitive Landscape

Acquisitions and partnerships and collaborations were among the inorganic growth tactics observed in the market. With the increasing demand for casein in global market, market players are expected to benefit from attractive growth prospects in the future.

Nestlé, Danone, Arla Foods, Groupe Lactalis, Friesland Campina, Fonterra, and Westland Milk Products are among the market’s significant participants.

Recent Developments

Fonterra

The firm opened its new dairy ingredient plant in Heerenveen, the Netherlands, in February 2015. This new facility will manufacture whey and lactose specialty ingredients for use in paediatric, maternity, and sports nutrition products.

Saputo

In May 2015, the company bought Lion-Dairy & Drinks Pty Ltd.’s daily cheese business in Australia. Warrnambool Cheese and Butter Factory Company Holdings Limited, the company’s Australian affiliate, made the purchase (WCB). This acquisition will assist WCB in expanding its foothold in the Australian cheese products market.

Extensive Market Research: Complete Report and Findings

Given Below are the Casein Market Segments

By Derivatives Type:

Sodium Caseinate
Calcium Caseinate
Potassium Caseinate

By End-Use:

Food
Yogurt
Cheese Processing
Ready-to-eat Meals
Dairy Products
Coffee Whiteners
Confectionary
Sauce & Seasoning
Meat Processing (Sausage)
Meat Products
Beverage
Pharmaceuticals
Infant Nutrition
Clinical Nutrition
Sports Nutrition
Personal Care
Skin Care
Hair Care
Cosmetics
Agriculture/Animal Feed/Poultry
Other Industries

By Function Types:

Texturizing Agent
Flavoring Agent
Coating Agent
Binding Agent
Emulsifying Agent
Heat Stabilizing Agent

By Region:

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

About Future Market Insights (FMI)

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

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Global Superfood Powders Market Projected to Hit USD 13.66 Billion by 2033, Future Market Insights Inc. Reveals

The superfood powders market (Markt für Superfood-Pulver) is forecasted to garner revenue of US$ 13.66 billion in 2033, up from US$ 6.84 billion in 2023, advancing at a rate of 7% from 2023 to 2033.

The superfood powders market is experiencing a surge in popularity as health-conscious consumers embrace the plant-based revolution and prioritize their well-being. With a growing emphasis on nourishing wellness, superfood powders have emerged as a sought-after dietary supplement. These powders, packed with nutrient-rich ingredients, offer a convenient way to incorporate essential vitamins, minerals, and antioxidants into daily routines.

Global demand for superfood powders is on the rise as consumers become increasingly aware of the importance of maintaining a healthy lifestyle. This market is expanding in both developed and developing regions, driven by a growing trend towards health-conscious food and beverage consumption. Millennials are the most significant consumer base fueling this growth.

Superfood blends cater to diverse health needs, from vibrant green matcha powder to antioxidant-rich acai powder and protein-packed spirulina powder. As individuals strive to optimize their nutrition and support overall wellness, the superfood powders industry is expanding, offering a variety of options for those embracing a holistic health journey.

The global superfood powders market is experiencing significant growth, fueled by rising awareness of the importance of a healthy lifestyle. The emphasis on preventive healthcare is leading consumers to seek out functional and nutritious food options, further driving market expansion.

The Rise of Superfood Powders

Superfood powders have gained popularity due to their convenient and accessible nature, meeting the evolving needs of consumers. Moreover, the growing adoption of plant-based diets, driven by concerns over environmental sustainability and animal welfare, has fueled the demand for superfood powders as a crucial component of plant-powered nutrition.

Challenges and Opportunities in the Superfood Powders Market

While the market for superfood powders continues to grow, there are challenges that industry players must address. Considering the abundance of products in the market, educating consumers about the authenticity and quality of superfood powders is a major challenge. Transparency regarding sourcing, production methods, and ingredient purity is essential. Additionally, the cost of superfood powders may pose a barrier for some consumers on a tight budget.

Despite these challenges, there are ample opportunities for innovation and expansion in the market. Consumers’ growing culinary curiosity opens doors for the development of new and unique superfood powder blends. Collaboration between superfood powder manufacturers and food industry players can lead to incorporating these powders into various food and beverage products. Furthermore, leveraging digital marketing strategies and social media platforms can enable companies to reach a broad audience and build brand awareness.

Key Takeaways:

By 2033, the United States of America is likely to hold a value share of 7.7% in the superfood powders industry.
The market in Germany is anticipated to account for 3.4% value share by 2033.
During the forecast period, the organic sub-segment is to remain prominent based on nature.
The market value for superfood powders reached US$ 6.58 billion in 2022, with a CAGR of 2.7% from 2018 to 2022.
Based on sales channel, the convenience store sub-segment is predicted to account for a significant share.

How Intense is the Competition in the Superfood Powders Industry?

The superfood powders industry is characterized by intense competition as companies strive to capture the attention of health-conscious consumers seeking functional and nutrient-dense products. With the market witnessing significant growth, numerous players are entering the arena, offering a wide range of superfood powder blends and formulations.

Key competitors are constantly innovating, introducing new flavors, incorporating unique ingredients, and focusing on quality and transparency to differentiate them. Aggressive marketing strategies, collaborations with influencers, and expanding distribution networks also fuel the industry’s competitive landscape. Amidst this fierce competition, companies that can effectively communicate their product’s benefits, establish trust, and deliver exceptional quality are well-positioned to succeed in this thriving market.

Key Players Profiled in the Market

Aduna Ltd.
Barlean Organic Oils Ltd.
Creative Nature Ltd.
Nature’s Superfoods
Sports Supplements Ltd.

Full Market Assessment: Comprehensive Report

Key Segmentation

By Nature:

Organic
Conventional

By Sales Channel:

Modern Trade
Convenience Store
Specialty Store
Pharmacy Store
Online Retail
Other Sales Channels

By Region:

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

About Future Market Insights (FMI)

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

Bubble Tea Market Poised for Strong Growth, Targeting 9% CAGR by 2033: FMI

The Bubble Tea Market (Bubble Tea-Markt) is expected to increase at a 9% CAGR from 2023 to 2033, above the 9.1% CAGR witnessed between 2018 and 2022. This huge increase in growth rate suggests a high demand for bubble tea, resulting in a significant increase in market value from US$ 2.72 billion in 2023 to US$ 6.17 billion by 2033.

The bubble tea market has experienced enormous expansion and appeal in recent years. Consumer demand for unique and exotic beverages is one of the primary drivers of this expansion. Bubble tea, also known as boba tea, is a refreshing blend of tea, milk, fruit tastes, and chewy tapioca pearls that appeals to a wide range of palates.

The market is driven by the growing popularity of Asian cuisine and the influence of social media, which has played a significant role in promoting and popularizing bubble tea globally. The visually appealing presentation, customizable options, and innovative flavors have made bubble tea a trendy and sought-after beverage choice.

There are, nevertheless, some constraints and hazards to consider. Some bubble tea versions have a high sugar content, which has generated concerns about their influence on health and wellness. Furthermore, the market’s expanding competition, with several bubble tea brands emerging, presents a challenge for new and established businesses.

Despite these obstacles, the bubble tea market offers numerous potential. Sugar-free and fruit-based bubble tea varieties have been developed in response to increased customer demand for healthier options. Furthermore, growing market presence through online delivery platforms and cooperation with other food and beverage companies can assist in reaching new client groups and increasing market reach.

The bubble tea sector has numerous potential for expansion and innovation. Market players can continue to capitalize on the popularity and demand for bubble tea and drive the market’s expansion by addressing consumer health concerns, adopting new taste profiles, and employing digital marketing methods.

Key Takeaways

In the United States, the market is growing at a CAGR of 23.9% in 2022.
The United Kingdom is expected to develop at a CAGR of 5.1% by 2033, suggesting a strong industry outlook and rising consumer interest in novel beverage options.
The increased popularity of specialty beverages and the influence of global food trends are predicted to push India’s Bubble Tea market to a CAGR of 4.7% by 2033.
China’s Bubble Tea market is expected to develop at a CAGR of 11.4% by 2033, driven by the country’s growing urban population and changing customer preferences for creative and refreshing beverages.
Japan’s market has a compound annual growth rate of 4.8% as per the forecast for 2022.

Key companies proliferating in the bubble tea market

Bobabox Ltd.
Bubble Tea House Company
Fokus, Inc.
Gong Cha
ChaTime
Lollicup USA, Inc.
Bubble Tea Supply, Inc.
T Bun International
Ten Ren’s Tea Time
Troika JC

Complete Market Review: A Full Report Analysis

Recent Developments:

CoCo Fresh Tea & Juice is a global bubble tea franchise that stresses using fresh, high-quality ingredients. Their distinctive fruit teas combine fresh fruits with tea to create refreshing and tasty beverages.
Tiger Sugar is known for its distinctive and visually appealing cocktails with a “tiger stripe” pattern. They specialize in brown sugar bubble tea, which is made with slow-cooked brown sugar syrup for a rich, caramelized flavor profile.

Key Segments in the Bubble Tea Market

By Base Ingredient:

Black Tea
Green Tea
Oolong Tea
White Tea
Others

By Sugar Content:

Regular
Reduced Sugar/Sugar-Free

By Toppings:

Pearl
Grass Jelly
Coconut Jelly
Red Bean
Multiple/Others

By Distribution Channel:

Direct (B2B)
Indirect (B2C)
Online Retailing

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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 United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps 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.

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

Poultry Feed Market Analysis: Top Players, Production Trends, Pricing Dynamics, and Revenue Forecasts to 2033

The poultry feed market (Geflügelfuttermarkt) is expected to increase from US$ 216.5 billion in 2023 to US$ 365.6 billion by 2033.

Increased Use of Online Food Delivery Channels is Contributing to the Growth of the Poultry Business

Farmers feed poultry birds such as ducks, turkeys, chickens, geese, and other domestic birds with poultry feed. Modern feed is created by carefully selecting and combining ingredients to provide a high nutritional diet that maintains the health of poultry birds while also boosting the quality of end products such as meat and eggs. The primary ingredients required by poultry birds for development, reproduction, maintenance, and health include minerals, vitamins, carbohydrates, proteins, and water.

Protein is a vital source of energy for chicken birds, particularly when carbohydrate and fat intake is low. The lack of anti-nutritional substances such as phytic acid, as well as the effect of unrestricted feed intake on the digestive tract of poultry birds, are driving up demand for poultry feed.

The rise in the global population is a critical factor that is likely to fuel the growth of the global poultry feed market. Furthermore, due to their low cost and a movement in customer taste towards white meat rather than red meat, consumption of poultry-based products has expanded dramatically around the world.

Improved awareness of protein intake in daily diet is an important factor in growing global per capita meat consumption. Additionally, rapid economic growth in the Asia Pacific and the Middle East and Africa countries has increased meat production and consumption in these regions, propelling market growth.

The fundamental driver of the poultry feed industry is an increase in demand for poultry meat products. Additional factors driving market growth include increasing industrial livestock production and growing demand for organic feed.

Population and income have a considerable impact on poultry product demand. Packaged poultry feed is expected to evolve more quickly than traditional chicken feed, offering new opportunities for industry participants.

Feed product quality and cost have emerged as two of the most important elements in this market, and suppliers are playing an essential role in the poultry feed business. To keep prices under control, chicken feed businesses are anticipated to increase their involvement in raw material production, which is expected to change market buying processes.

Key Points from the Poultry Feed Market

The requirement for nutritional feed to avoid poultry diseases, as well as farmers’ embrace of poultry farming as a source of income, is likely to drive the poultry feed market during the forecast period.
The poultry feed market is expected to capture a CAGR of 5.4% during the forecast period 2023 to 2033.
Asia Pacific dominated the poultry feed market.

Key Developments in the Poultry Feed Market

In March 2019, DuPont de Nemours and Company introduced the chicken feed supplement SYNCRA to improve nutrient digestibility in poultry production.
In September 2018, DSM N.V. and Novozymes released BALANCIUS, a feed enzyme that improves feed efficiency and digestibility in broilers while simultaneously increasing long-term product yield.
In October 2019, Cargill developed a feeding intelligence platform that provides farmers with materials on the most recent intelligent animal production techniques, intending to assist farmers in navigating and improving their operations across all species, including poultry animals.
In May 2018, Farmers introduced APOLLO, a new broiler feed brand, to broiler producers in the United Kingdom and Northwest Europe. The new feed line was designed to help modern broiler birds grow and stay healthy.

In-Depth Market Analysis: A Complete Report

Poultry Feed Market by Key Segment

By Livestock:

Layers
Broilers
Turkeys

By Nature:

Conventional
Organic

By Feed Type:

Corn
Wheat
Barley

By Form:

Granules
Pellets
Powder

By Regional:

North America
Europe
Asia Pacific
Central & South America
The Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

Plant-Based Yogurt Market to Skyrocket: Health Conscious Consumers Propel Growth to USD 15.4 Billion by 2033 | FMI

The global plant-based yogurt market (Markt für pflanzlichen Joghurt) size is likely to jump from USD 4,489.87 million in 2023 to USD 15,398.39 million by 2033. This projected expansion is anticipated to result from a remarkable 13.1% CAGR in the demand for plant-based yogurt over the upcoming decade.

The plant-based yogurt market, which was until a few years ago thought to be in its infancy, has taken off in part because of flexitarians, who alternate between eating dairy and non-dairy products. Given the rising popularity of plant-based diets, the plant-based yogurt market has developed. Different plant-based diets have become more popular around the globe. Plant-based yogurt has emerged as a new option to follow sustainable dietary habits. Because of its nutritional advantages, plant-based yogurt is becoming gradually popular in place of traditional dairy yogurt. Dairy products are being consumed less frequently globally as a result of their declining shine.

One of the primary variables influencing the health advantages of plant-based yogurt is the frequency of diseases brought on by lactose intolerance. Demand for plant-based yogurt is also largely driven by the nutritional advantages of lowering the likelihood of cardiovascular disease. The popularity has been heightened by the growing trend of fortifying plant-based yogurt with nutrients. Plant-based yogurt that has been enriched with omega-3 fatty acids is one example. Health professionals are praising the several advantages of eating plant-based cultured yogurt.

The texture and consistency of plant-based yogurt products, however, are equivalent to those of traditional dairy products. Grain, seeds, and nuts are a few of the typical plant-based ingredients utilized in yogurt production. Soy, almond, hemp, oats, and coconut are a few of the popular ones. Inconvenience and specialized stores throughout the world, plant-based yogurt options are becoming more readily available. These yogurts taste much better now and have more flavor options than ever before.

Consumption of environmentally friendly food items is the primary promotional concept that plant-based yogurt supports. The adoption of plant-based diets has increased as a result of this tendency. Food manufacturers in the plant-based yogurt sector have discovered a vast opportunity in products like these to demonstrate that they are concerned about the environmental impact of packaged foods. It is reasonable to conclude that beverages and yogurt made from plants are a developing market.

Key Takeaways from the Plant-based Yogurt Market

In 2022, the global plant-based yogurt market size stood at US$ 4,018.11 million.
The United States is leading the plant-based yogurt industry with a 20.8% global market share in 2023.
In 2023, Germany’s plant-based yogurt industry tracks the United States, holding a 5.7% global market share.
China emerged as a prominent player in the Asia Pacific plant-based yogurt industry, capturing a 5.6% global market share in 2023.
In 2023, Australia possesses a modest 5.2% portion of the global plant-based yogurt industry.
Japan’s plant-based yogurt industry secures a market share of 3.8% in 2023.

“For plant-based products in general and plant-based yogurt in particular, North America and Europe remain particularly attractive markets. These two regions have seen a significant rise in individuals adopting vegetarian and vegan lifestyles. Nevertheless, changing trends are encouraging expansion throughout the Asia Pacific. The cultural acceptance of plant-based foods in certain countries is likely to contribute to a favorable environment for growth.” according to Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Players and Strategies for Success in the Plant-based Yogurt Market

In the plant-based yogurt market, leading players are adopting key strategies for success. They prioritize innovation, crafting a wide array of flavorful options to entice consumers. Key market participants are heavily concentrating on expanding their consumer base through joint ventures or collaboration with other industry partners.

Top Brands in the Plant-based Yogurt Market

Callifia
Chobani
Forager
Good Plants
Good Karma
Kite Hill
LAVVA
Nancy’s
Silk
So Delicious

Recent Developments in the Plant-based Yogurt Market

In April 2022, a powerful plant-based yogurt base was introduced by MISTA, a San Francisco-based development system, as its initial member-created item. Customers can grab the plant-based yogurt base in the United States, Europe, and certain locations in Latin America.
In November 2021, Plant Veda, a renowned producer of dairy alternatives, confirmed the launch of “Plant Gurt,” a new plant-based yogurt that includes millions of active probiotics and can be mixed with smoothies or morning cereals.

Comprehensive Market Insights: Full Report Overview

Plant-based Yogurt Market Segmentation

By Nature:

Conventional
Organic

By Product Type:

Cereal Type
Oat
- Rice
- Corn
- Spelt
Legume
- Soy
- Pea
- Peanut
- Lupin
- Chick Pea
Nut
- Almond
- Coconut
- Hazelnut
- Pistachio
- Walnut
- Cashew
- Pili Nut
Seed
- Sesame
- Flax
- Hemp
- Sunflower
Pseudo Cereal
- Quinoa
- Teff
- Amarnath
- Cassava

By Flavor:

Regular
Vanilla
Strawberry
Blueberry
Cherry
Peach
Raspberry
Coconut
Coffee
Others

By Price Range:

Economic
Mid-Range
Premium

By Sales Channel:

Food Service
Retail
Modern Trade
Convenience Stores
Specialty Stores
Discounters
Independent Small Groceries
E-commerce
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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

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Global Rare Neurological Disease Treatment Market Poised for Remarkable Growth, Expected to Exceed USD 19,795.14 Million by 2032

A recent report by Future Market Insights (FMI) has highlighted a significant upward trajectory in the global rare neurological disease treatment market. Spanning from 2022 to 2032, the report projects that the market will surpass USD 19,795.14 million by the end of the forecast period, underscoring the urgent need for enhanced awareness, investment, and innovation in this critical healthcare sector.

Rare neurological diseases, which often involve complex and challenging conditions affecting the brain, present substantial obstacles in terms of diagnosis and treatment. The lack of effective diagnostic tools and therapeutic options is compounded by limited research funding and the underrepresentation of affected patients in clinical trials. The World Health Organization (WHO) estimates that approximately one in ten people will face a rare neurological disorder during their lifetime, significantly contributing to the global burden of neurological diseases. Early intervention is vital to reducing long-term morbidity and associated healthcare costs.

“This projected growth reflects a critical need for increased awareness, research investment, and innovative therapies targeting rare neurological diseases,” commented an FMI. “Advancements in early detection and treatment modalities can potentially alleviate the profound impact of these conditions on patients and healthcare systems globally.”

The FMI report emphasizes the need for collaborative efforts among healthcare stakeholders, policymakers, and patient advocacy groups to address the unmet needs of individuals battling rare neurological diseases. By fostering a supportive ecosystem for research and development, stakeholders can pave the way for breakthrough treatments and improved quality of life for affected individuals worldwide.

Key Insights:

The global rare neurological disease treatment market is expected to reach over USD 19,795.14 million by 2032, reflecting significant growth potential.
North America currently leads the market due to its strong focus on research and established healthcare infrastructure.
Neurological conditions, though affecting a smaller population, pose a major healthcare burden due to the complexity of the diseases and limited treatment options.
Drug development for rare diseases faces hurdles due to the high costs associated with small and scattered patient populations.
Governments and healthcare institutes are collaborating to improve research networks, data sharing, and patient recruitment for clinical trials, driving market advancement in North America.
The report predicts that North America will continue to be the market’s leading revenue source.

Full Report on Rare Neurological Disease Treatment: Explore the Latest Trends and Insights in Our Detailed Analysis!

Market Leaders:

Leading companies in the rare neurological disease treatment market include:

Pfizer Inc.
Allergan Plc
Novartis AG
Bayer Aktiengesellschaft
Medtronic Plc
Sanofi
Johnson & Johnson
Teva Pharmaceutical Industries Limited

Market Segmentation:

The report categorizes the market based on the following segments:

By Indication: Alzheimer’s Disease, Narcolepsy, Multiple Sclerosis, Amyotrophic Lateral Sclerosis, and other indications.
By Drug Type: Biologics, Organic Compounds.
By Mode of Administration: Injectable, Oral, Others.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
By Region: North America, Latin America, Europe, Japan, APEJ (Asia Pacific excluding Japan), MEA (Middle East & Africa).

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Global 3D Printed Medical Devices Market Set for Robust Growth, Projected to Reach USD 3.6 Billion by 2033 at a CAGR of 16.3%

The global 3D printed medical devices market is on the cusp of substantial expansion, with projections indicating a compound annual growth rate (CAGR) of 16.3% from 2023 to 2033. Valued at USD 799.8 million in 2023, the market is anticipated to exceed USD 3.6 billion by the end of the forecast period, according to recent analysis.

The transformative impact of 3D printing technology in the medical field has been nothing short of revolutionary. This cutting-edge technology has introduced lighter, stronger, and safer alternatives to traditional medical devices, enhancing orthopedic and surgical practices. Notably, 3D printing facilitates the creation of highly precise replicas of organs, bones, and blood vessels, leading to improved treatment outcomes and patient care.

Key drivers behind the market’s growth include the increasing adoption of 3D-printed medical products, which offer significant reductions in lead times and treatment costs. This technology has particularly advanced the field of orthopedics by supporting the development of modern orthobiologics and regenerative medicines, addressing the growing demand for customized surgical solutions. Noteworthy improvements are seen in the production of surgical implants and tools, including clamps, forceps, and needle drivers, which contribute to greater surgical precision and enhanced patient recovery.

“The 3D printed medical devices market is at the forefront of innovation in healthcare,” stated a FMI. “We are witnessing significant advancements in personalized medicine and surgical planning, which are crucial for improving patient outcomes and minimizing surgical risks.”

The integration of 3D printing into dental applications and biomaterials has further broadened treatment possibilities, offering tailored solutions for each patient’s oral health needs.

Key Market Insights:

The 3D printed medical devices market is projected to grow at a CAGR of 16.3% from 2023 to 2033, reaching USD 3.6 billion by 2033.
Digital technologies, such as digital dentistry, are significantly driving market growth by optimizing clinical workflows and enabling direct digital manufacturing.
3D printing reduces production time, eliminates tooling investments, and enhances production capabilities.
The US leads the market with a projected CAGR of 16.9% and a market share of USD 1.4 billion by 2033, driven by a high presence of key players and strategic initiatives.
China is anticipated to grow at a CAGR of 16.7% due to rising automation and adoption of 3D printed medical devices.
Japan’s market is expected to reach USD 291.6 million by 2033 with a CAGR of 16.6%, fueled by advancements in 3D bioprinting and the production of 3D printed medicines.
Germany is experiencing a remarkable CAGR of 18.3% due to advancements in 3D printing technology, availability of diverse materials, and high demand for orthopedic devices.

Dive into 3D Printed Medical Devices Demand: Our Full Report Delivers In-Depth Trends and Insights!

Competition and Key Players:

The 3D printed medical devices market is marked by dynamic competition, with key players actively pursuing collaborations and technological advancements to expand their production capacities. Recent developments include:

In October 2021, 3D Systems, Inc. acquired Volumetric Biotechnologies to bolster their biological expertise and tissue engineering capabilities.
In November 2021, EOS invested in Metalpine, an Austrian metal powder producer, to jointly develop innovative and sustainable metal powders.

Leading Contributors in the 3D Printed Medical Devices Market:

3D Systems, Inc.
Arcam AB
Stratasys Ltd.
FabRx Ltd.
EOS GmbH Electro Optical Systems
EnvisionTEC
Cyfuse Biomedical K.K.
Bio3D Technologies

Market Segmentation:

By Application: Orthopaedic Implants, Dental Implants, Cranio-maxillofacial Implants, Internal and External Prostheses
By Technology: Stereolithography (SLA), Selective Layer Sintering (SLS), Digital Light Processing (DLP), Fused Deposition Modeling (FDM), PolyJet / InkJet 3D Printing, Electronic Beam Melting (EBM)
By Distribution Channel: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers
By Material Type: Plastics (Thermoplastics, Photopolymers), Biomaterial Inks (Polymers, Ceramics, Hydrogels), Metals and Alloys
By Region: North America, Latin America, Europe, Asia Pacific (APAC), The Middle East & Africa (MEA)

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