Market Research Blog – Page 1388 – New Product Development

Musical Instrument Market, Estimated to Reach a Value of Nearly USD 20,357.8 Million by 2034

The global musical instrument market value in 2024 is expected to be around USD 13,132.8 million in 2024, growing from USD 10,846.2 million in 2019. During these five years, from 2019 to 2023, the musical instrument retail industry witnessed a slower growth rate of 3.9% on average due to the pandemic.

As per the recent music instrument industry analysis, sales are likely to increase at a rate of 4.5% per year between 2024 and 2034. The value of the musical instrument industry is expected to reach USD 20,357.8 million by the end of this forecast period.

The growing interest of millennials in music education is expected to drive the market further in the coming days. Platforms for online learning and internet resources for studying music have created new opportunities for music instrument users as well as manufacturers.

Competitive Landscape

There are many musical instrument manufacturers operating in the present market, which makes it extremely fragmented and competitive. Big players are spending more money on research and development to include innovative features and popularize their brands. New market players are employing business tactics like joint ventures with music production companies and training seminars for institutions or organizations for faster growth.

Recent Developments in the Musical Instrument Industry Players

In September 2021, the Yamaha FX280 and Yamaha FSX80C are two new guitar models that the company launched to strengthen its inventory of Made in India guitars. The models are perfect for both amateurs and experienced musicians as their improved acoustic tone and resonance help in imitating the genuine tone and dynamics.

Gibson has started a virtual Guitar Tech service, which takes customers to one-on-one interaction with Gibson technicians, who assist in self-servicing the instruments. These conference calls with technicians include servicing advice for instruments from Gibson, Epiphone, Kramer, and Steinberger, including electric and acoustic guitars, ukuleles, banjo, and mandolins.

Key Takeaways from the Musical Instrument Market Study Report

Through 2034, the United States market for musical instruments is predicted to expand at a 4.5% annual growth rate.
Germany is the leading market for musical instrument manufacturing industries in Europe and is expected to grow at 6.5% through 2034.
During the projection years, the annual sales of musical instruments in the United Kingdom are expected to increase at a 2.8% CAGR.
China is expected to follow a 3.7% CAGR in manufacturing and shipment of musical instruments between 2024 and 2034.
The Indian market for musical instruments is projected to grow at a remarkable 5.8% annual pace during the next ten years.
The keyboard instrument segment leads the market in terms of instrument type, with an estimated 51.8% revenue share in 2024.
Based on the consumer category, the market segment for professional or advanced musicians is anticipated to be 50.7% of the total revenue share in 2024.

Key Players-

The key participants in the global musical instruments market are

Paiste Cymbals
Cort
Casio
Yamaha
C F Martin
Korg
Shure
Gibson Guitars and Basses
QRS Music
Fender Musical Corporation
Steinway Musical Instruments
Zildjian Cymbals
Pearl
ESP
Ibanez
Pluto
Tristar
Granada

are witnessing higher sales opportunities compared to other companies.

Complete Market Review: A Full Report Analysis

Key Segmentations:

By Instrument Type:

String Instruments
Wind instruments
Percussion Instruments
Others

By Price Range:

Premium
Mid-range
Budget

By Distribution Channel:

Specialty Shops
Online Markets
Wholesalers

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 ~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

Boosting Sales with Expanded Distribution Channels for Dog Food Topper, Totaling Valuation USD 12.6 Billion by 2034

The global dog food topper market will reach a valuation of USD 6.1 billion in 2024, attributed to factors such as specialty diets and allergen free options. The trend is set to create new opportunities for the market, leading to a projected CAGR of 7.5% between 2024 and 2034, and reaching a total valuation of approximately USD 12.6 billion by 2034.

The integration of technology in pet care, such as wearable gadgets and smart feeding systems, is transforming how pet owners oversee their pets’ well-being and dietary needs. Companies producing dog food toppers can seize the chance to collaborate with tech firms to develop innovative products that complement these health-monitoring technologies.

Leveraging influencer marketing and social media effectively presents a potent strategy for reaching out to and involving pet owners. Teaming up with pet influencers, veterinarians, and animal welfare organizations to endorse dog food toppers can elevate brand recognition, foster credibility, and cultivate trust among consumers.

Key Takeaways from the Market Study

From 2019 to 2023, the market demand expanded at a CAGR of 5.7%.
The market in India to expand at a CAGR of 6.9% through 2034.
By product type, the dry topper segment to account for a share of 82.5% in 2024.
The market in China will expand at a CAGR of 11.1% through 2034.
In terms of sales channel, the pet specialty stores segment to account for a share of 23.9% in 2024.

Consumers are increasingly interested in knowing the sourcing and production processes behind pet food products. Manufacturers that prioritize transparency and provide information about ingredient sourcing, manufacturing practices, and quality control measures can build trust with consumers and differentiate their dog food toppers in the market.

Adhering to strict regulatory requirements and safety standards is crucial for ensuring the quality and safety of dog food toppers. Manufacturers that invest in rigorous testing, quality assurance protocols, and compliance with food safety regulations can instill confidence in consumers and mitigate the risk of product recalls or safety issues.

Offering personalized and customizable dog food topper options allows pet owners to tailor the diet of their dogs to specific preferences, dietary restrictions, or health concerns. Customizable features such as flavor mix-ins, portion control, and subscription based services enhance the overall customer experience and foster brand loyalty.

Educating pet owners about the importance of proper nutrition and dietary choices for their dogs can drive demand for dog food toppers that enhance the nutritional value of meals.

“Providing resources, such as nutritional guidelines, feeding recommendations, and educational content, helps empower pet owners to make informed decisions about the diet and nutrition of their dogs,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the dog food topper market are Stella & Chewy’s, The Honest Kitchen, Blue Buffalo Co., Ltd., Nature’s Variety, Merrick Pet Care, Inc., Castor & Pollux Natural Petworks, Mars Incorporated, Only Natural Pet, Petco Animal Supplies, Inc. (WholeHearted), and Tiki Pets, among others.

Company Portfolio

Blue Buffalo Co. Ltd. offers a range of dog food toppers formulated with natural ingredients and essential nutrients. Their toppers come in various forms, including wet and dry options, to cater to different preferences and dietary needs.
Nature’s Variety provides dog food toppers crafted from high quality, raw ingredients. Their toppers are typically freeze-dried or gently cooked to preserve nutritional integrity and flavor.

Who is winning?

Leading manufacturers of dog food toppers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of dog food toppers market globally.

Major players present in the dog food toppers market

Stella & Chewy’s
The Honest Kitchen
Blue Buffalo Co., Ltd.
Nature’s Variety
Merrick Pet Care, Inc.
Castor & Pollux Natural Petworks
Mars Incorporated
Only Natural Pet
Petco Animal Supplies, Inc. (WholeHearted)
Applaws Natural Cat and Dog and Cat Food
Tiki Pets
Others (on request)

Complete Market Review: A Full Report Analysis

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global dog food topper market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the Dog Food Topper market, the market is segmented on the basis of product type (dry topper, wet topper), packaging type (pouches, bags, can, bottles and jars), packaging size (0 to 10, 11 to 20, above 20), life stage (puppy, adult), and sales channel (hypermarkets/supermarkets, pet specialty stores, independent grocery retailers, drugstores, online retailers, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa).

About the Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

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Driving the Green Revolution: The Role of Nanocellulose in a Sustainable Future

The global nanocellulose market (Marché de la nanocellulose) is poised for remarkable growth, with its value expected to surge from USD 474.8 million in 2023 to USD 2,725.5 million by 2033, reflecting an impressive compound annual growth rate (CAGR) of 19.1%. This expansion is driven by the increasing demand for nanocellulose across various sectors, including packaging, biomedical applications, and electronics. Additionally, the rising use of cellulose in the production of paper products is further propelling market growth. The versatile properties of nanocellulose and its sustainable advantages are making it a critical material in advancing multiple industries.

The mainstream nanocellulose manufacturers are located in East Asia and North America regions. Europe on the other hand is one of the key consumer markets due to high demand from industries.

The market in South Asia and Africa is likely to flourish in the forecast period as the prices of the product are set to witness a reducing trend owing to the rising commercialization of production facilities.

Prominent manufacturers of nanocellulose are strategically expanding their production capacities to meet the growing demand for paper & packaging applications.

Various companies are investing in research and development to discover additional potential applications for nanocellulose in fields such as cosmetics, paints and coatings, dyes, detergents, and 3D printing.

Besides the above-mentioned industry trends, the nanocellulose market is also heavily influenced by demographic, macroeconomic, innovation, and sustainability factors. Based on these factors, significant investments have been made in the nanocellulose market, which is expected to drive demand for nanocellulose in the forecast period.

Key Takeaways from the Nanocellulose Market:

Global sales of nanocellulose will rise at 1% CAGR from 2023 to 2033.
By product type, cellulose nanofibrils (CNF) segment accounts for around 68% share of the market.
By end use, packaging sector consumes about 27% of the global nanocellulose production.
East Asia nanocellulose market is forecast to thrive at 4% CAGR between 2023 and 2033.
Nanocellulose demand in North America will surge at 10% CAGR through 2033.
The United States is likely to hold around 1% share of the global market in 2033.

“The nanocellulose market holds a huge potential for growth due to the superior properties of the material as well as its eco-friendly benefit over the traditional materials. Market players are focusing both on expansion as well as research on nanocellulose to not only boost the production but also to find novel applications and explore the untapped opportunities in the nanocellulose market.” says an FMI analyst.

Who is Winning?

The nanocellulose market is believed to be dominated by a few key players, who are projected to hold about 45% of the market share. These leading players include Sappi, Nippon Paper Industries, GranBio, CelluForce Inc., American Process Inc., Anomera, and others.

Key players are concentrating on expanding their production capacity to improve their global footprint. Further top players are also investing significantly in innovation in the product series.

Nanocellulose Industry Segmentation

By Product Type:

Cellulose Nanofibrils (CNF)
Cellulose Nanocrystals (CNC)
Bacterial Nanocellulose (BNC)

By End Use:

Packaging
Paper
Composites
Food Ingredient
Cosmetics and Personal Care
Textiles
Electronic Devices
Pharmaceutical and Biomedical
Others

By Region:

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

Nanocellulose: Revolutionizing Sustainable Materials—Explore the Full Report for Detailed Insights!

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. 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

Sodium Silicate Market Growth: Rising Applications in Detergents, Water Treatment, and Environmental Sustainability

The global sodium silicate market is projected to experience gradual growth, with an estimated compound annual growth rate (CAGR) of 3% from 2019 to 2029. This steady expansion reflects the ongoing demand for sodium silicate (silicato de sodio) across various industries, including detergents, construction, and water treatment. As industries continue to leverage sodium silicate for its diverse applications, such as in the production of silica gel and as a binding agent in cement, the market is expected to maintain a consistent growth trajectory throughout the forecast period.

Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

Key Takeaway of Sodium Silicate Market Study

The Sodium Silicate market was valued at USD 5.6 Billion in 2018 growing at a lackluster CAGR during the forecast period.
Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.

Developing economies such as India, Indonesia, and South Korea are investing in infrastructure development. Sodium silicate is an ideal binder for sustainable construction practices. Market players must leverage this opportunity and procure profitable revenues for the forecast period.

Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

Sodium Silicate Market Key Players

Prominent companies in the sodium silicate market include American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE, Nippon Chemical Industrial, Evonik Industries AG, and IQE Group.

Sodium Silicate Market: Segmentation

By Application

Silica Manufacturing
Detergents
Catalysts
Pulp & paper
Elastomers
Food & healthcare
Others (coating, agriculture, etc.)

By Region

North America
Latin America
Europe
MEA
Asia Pacific

Explore How Rising Silica Demand and Environmental Concerns Are Shaping the Sodium Silicate Market – Full Insights Available in the Complete Report!

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. 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.

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Dolomite Demand Surge: Infrastructure Investments and Cement Industry Innovations Leading the Way

The dolomite market (mercado de dolomita) is anticipated to experience significant growth over the next decade, expanding from USD 3,567.3 million in 2023 to USD 5,487.1 million by 2033. This robust increase reflects a steady compound annual growth rate (CAGR) of 4.4%, driven by rising demand in construction, agriculture, and various industrial applications. The market’s growth is underpinned by the versatile applications of dolomite, which includes its use as a flux in steelmaking, a filler in the production of glass and ceramics, and as a soil conditioner in agriculture. As industries continue to seek sustainable and efficient materials, the demand for dolomite is expected to grow, contributing to its positive market trajectory.

Throughout the projection period, demand for low-carbon steel products is predicted to rise and support market expansion. Government-led fiscal stimulus is the main driver of the nation’s economic development, which boosts investor spending and company confidence. This is expected to result in high regional construction spending, promoting market growth.

Dolomite is calcined and then cut into blocks of a specified size to make cement. One of the leading users of cement is the building sector. Globally, there is a boom in the expanding commercial and industrial building activity. The world’s leading manufacturer of cement in China, and due to the expanding building market, demand for cement is always rising.

For instance, the National Bureau of Statistics (NBS) of China reports that the country’s cement output volume reached almost 2.38 billion metric tonnes in 2021, supporting the market expansion in the area.

Using dolomite as a calcium and magnesium supplement is likely to provide market opportunities for the pharmaceutical sector. The Asia-Pacific region controls the worldwide market thanks to the leading consumption levels in nations like China, India, and Japan.

Key Takeaways

By 2033, the dolomite market in the United Kingdom is likely to expand, with a CAGR of 3.9%.
In 2023, the United States is expected to develop the dolomite business with a share of 5.5%.
The dolomite market grew considerably to US$ 3,417.0 million in 2022.
The dolomite sector expanded at a CAGR of 3.9% between 2018 and 2022.
By 2033, China’s dolomite market is projected to generate a CAGR of 5.2%.
By 2033, India’s dolomite industry is projected to expand with a CAGR of 4.1%.
Japan’s dolomite sector is likely to grow significantly, with a 7.3% share in 2023.
Australia’s dolomite is expected to develop with a share of 8.8% in 2023.
Germany’s dolomite business is expected to grow, with a share of 4.6% in 2023.
In 2023, based on the product type, sintered dolomite is expected to dominate the market, with a share of 65.7%.
In 2023, a steel grade segment is expected to dominate the market, with a share of 55.2%, based on grade.

Competitors’ Successful Techniques

In the dolomite industry, there has been an increase in product variety. Several businesses produced value-added goods such as magnesium derivatives, dolomite-based refractories, and agricultural-grade dolomite to meet particular consumer demands.

The dolomite sector displayed a competitive environment, with competitors using various techniques to keep an advantage. Several sectors, including building, agriculture, and steel manufacturing, use dolomite as a mineral.

Key players

Imerys
Sibelco
RHI-Magnesita
Calcinor SA
Omya AG
JFE Minerals Co,
Essel Mining & Industries Limited
Lhoist
Carmeuse
Vardar Dolomit

Key Segments

By Material Type:

Calcined Dolomite
Agglomerated Dolomite
Sintered Dolomite

By End User:

Cement
Agrochemicals
Mining & Metallurgy
Pharma & Healthcare
Glass & Ceramics
Water & Sludge Treatment
Animal Feed

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

How Construction and Cement Trends Propel Dolomite Demand – Discover Comprehensive Insights in Our Complete Report!

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. 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.

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Exploring the Growing Demand for Gum Rosin Across Industries: FMI Study

The global gum rosin market (Markt für Kolophonium) is projected to attain a value of USD 1,106.3 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6% during the assessment period, reaching approximately USD 1,987 million by 2034. This growth is driven by increasing demand across various industries, including adhesives, printing inks, and rubber, where gum rosin’s versatile properties as a natural resin are highly valued. As industries continue to seek sustainable and natural raw materials, the market for gum rosin is likely to witness robust expansion over the next decade.

Gum rosin is a kind of solid resin made from pine chemicals that are sourced from pine trees and various other plants. Also known as colophony, gum rosin is made by heating the fresh liquid resin to vaporize the volatile liquid terpene compounds. It is composed of a mixture of pimaric-type and abietic-type acids with a low amount of neutral compounds. Gum rosin Color’s ranging from yellow to black and has a semi-transparent appearance.

The market for gum rosin is positively influenced by the increasing application of the product in adhesives. An upsurge in preference for natural additives across various industry verticals. Gum rosin also finds application in the automotive and construction sectors as it is used in the paints and coatings used in these industries. Other applications of gum rosin include its usage as a glazing agent in chewing gum and medicines, as a dispersant and as emulsification in the synthetic rubber industry will spur the demand for gum rosin in the global market. Again, the high friction-enhancing properties of gum rosin will further swell up the demand for gum rosin in the upcoming years.

Gum rosin contains excellent physical and chemical properties which promote its usage in the manufacturing of adhesives, printing inks, paper sizing agents, solders and fluxes, surface coatings, insulating materials, synthetic rubber, chewing gums, and soaps and detergents. Gum rosin can also be used on bows of violins and other string instruments, dancing shoes, floors, and stages to prevent slipping. All of these considerations, along with others, propel the gum rosin market forward in the international space.

Key Takeaways:

China dominates the global gum rosin market, primarily due to its strong export capacity and ability to maintain lower-than-average prices.
The gum rosin market in United States will register a CAGR of 5.4% and create an absolute dollar opportunity by 2034.
By product type, the WW-type segment will account for 31.5% of the market share in 2024 due to its extensive usage in paper sizing for maintaining textures and colors.
In terms of application, the adhesive segment will continue to dominate the market and is projected to hold a leading value share of 30.2% in 2024.

Leading Gum Rosin Market Players

Forestar Chemical Co., Ltd
Wuzhou Sun Shine Forestry & Chemicals Co., Ltd
Megara Resins
Wuzhou Pine Chemicals Ltd
Merck Group
Resin Chemicals Co., Ltd
Midhills
Eastman Chemical
Guilin Songquan Forest Chemical Co., Ltd
Punjab Rosin and Chemicals Works

Key Segments of Market Report

By Product Type:

In terms of product type, the industry is segregated into WW-type, WG-type, N-type, X-type, and others.

By Application:

Paper, paints and coatings, soap, printing ink, adhesives, and rubber are a few key applications.

By Region:

The industry is spread across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and the Middle East and Africa.

Understanding the Growth of Gum Rosin in Adhesives and Coatings Access the Complete Report for a Comprehensive Overview!

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. 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.

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Functional Mushroom Market: Increasing Adoption in Health Supplements Boosts Market Demand

The global functional mushroom market value in 2022 was calculated to be approximately US$ 9,324.7 million. According to FMI, between 2023 and 2033, it will grow at a rate of 9% annually. It also estimates that the entire valuation will have reached US$ 22,023.8 million by the end of the predicted period.

The sector has a lot of room to grow given the recent surge in the use of functional mushrooms as a healthy substitute in ordinary meals. It is projected that as more younger generations adopt vegan diets, the global market for functional mushrooms will expand. A greater understanding among consumers of the products’ capacity to maintain overall health and well-being may facilitate market growth.

Unlock the Power of Functional Mushrooms: Access our Sample Report for Insights into the Thriving Global Market, Growth Trends, and Health Benefits. Get Your PDF Summary Now @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14440

The Asia Pacific countries are anticipated to have higher growth during the forecast years since the majority of mushrooms are grown in tropical areas. It may be related to growing interest in edible mushrooms as superfoods that improve food security in impoverished nations. They are also growing in popularity in industrialised countries as a superior replacement for a variety of other nutrient-dense meals.

The expanding urban population and rising expenditures on meals with functional enhancements are two more crucial factors. Due to its substantial food and beverage sectors, Germany has a stronger need for functional mushrooms than other European nations.

Key Takeaways from this Report:

Based on geographic regions, the sales of functional mushrooms in the United States constituted 16.4% of the global revenue in 2022.
The overall demand for functional mushrooms in Germany generated a global revenue share of around 6.6% as per the 2022 records. Meanwhile, the United Kingdom is anticipated to increase at a higher rate of nearly 5.9% through 2033.
Japan is the leading country in the Asia Pacific region and it held a global market share of around 7.3% in the year 2022. On the other hand, China is expected to overtake it soon by capturing a 4.5% CAGR between the years 2023 and 2033.
The production of functional mushrooms in India is anticipated to increase at the quickest rate of nearly 8.9% during the anticipated period.
Back in the year 2022, the organic segment led the global market in terms of nature and was responsible for a revenue share of more than 21.3%.
The powdered product segment led the market and was responsible for a revenue share of nearly 23.7% in the year 2022. This was brought on by the product’s increased popularity due to its higher storage and transport feasibility.

Competitive Landscape:

Hokkaido Reishi Co., Ltd.
Om Mushrooms
Rainbo
Nammex
Half Hill Farm Inc.
Marley One
Optimi Health Corp.
Wuling (Fuzhou) Biotechnology Co., Ltd.
Landish Foods
Functional Mushrooms
Hekate
Others

The Marley Company introduced the Marley One psychedelic and functional mushroom consumer brand in June 2021 in collaboration with Silo Wellness Incorporation. Silo Wellness is a significant Toronto-based psychedelic business working on enhancing immunity and supporting gastrointestinal health and cognitive function. The first product line contains a range of tinctures made from functional mushrooms, such as lion’s mane, cordyceps, reishi, turkey tail, and Chaga.

Stay Ahead in the Market: https://www.futuremarketinsights.com/reports/functional-mushroom-market

Key Segmentation:

By Nature:

Organic
Conventional

By Product Species:

Reishi
Shiitake
Lion’s Mane
Chaga
Maitake
Cordyceps
Tremella
Turkey Tail
Enokitake
Oyster Mushrooms
Others

By Form:

Liquid Sprays and Drinks
Powders
Capsules or Supplements
Others

By Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Pharmaceutical
Sports Nutrition and Functional Items
Cosmetics & Personal Care
Pet Care Industry
Other Applications

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa (ME&A) Market

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

Milk Protein Market Outlook: Growing Nutritional Awareness Fuels Market Expansion

The milk protein market forecast can be visualized around a US$ 16.34 billion mark by 2034 at a sluggish CAGR of 3.3%. The projected milk protein market size by 2024 will be US$ 11.83 billion.

Consumer awareness regarding physical fitness and well-being is rising. Due to this, emerging trends in milk protein applications can be observed that will likely cast the milk protein market growth.

The milk protein market size will inflate as the use of milk protein in bakery and confectionery products is increasing. This is a crucial growth driver for the milk protein market.

The impact of lactose intolerance on milk protein consumption is assertive as they can form the perfect replacement compounds for lactose products. Hence, this forecasts steady growth for the subject market.

Milk protein market demand analysis suggests that these compounds can widely be used in the healthcare sector due to their high nutritional values. Therefore, this factor drives the subject market heavily.

Shelf-life of products can be increased significantly, which supports the product placement. Consequently, brands can position themselves better in the market, fueling their growth and thereby assisting the milk protein market growth.

Key Takeaways from the Market Study

The powdered form milk proteins are widely used and preferred, which causes their market share to increase drastically. It will likely hold 30.3% by 2024.
The forecasted milk protein market growth is estimated to surpass the historical figure, helping new marketers explore different opportunities in the market. The forecasted and historical CAGRs are 3.3% and 3.05%, respectively.
The Indian market is, by far, the market having the highest growth rate. It advances moderately at a CAGR of 6.7%.
The United States of America will likely progress at a CAGR of 3.2%, the lowest among all.

“Disrupted supply chains create a critical market challenge for the milk protein market, which affects the forecasted market size,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

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Competitive Landscape

The competitive landscape of the milk protein market is governed by a large market share secured by key players. They expand using different market expansion modes, including strategic acquisitions, mergers, product launches, and partnerships.

However, the threat of new entrants affects their propulsion, reducing the growth rate. The following key developments were seen recently in the market: –

In February 2024, Cargill, Inc. extended a strategic partnership deal with ENOUGH. This partnership aims to deliver sustainable protein alternatives to consumers. Subsequently, the resources of these organizations will augment their portfolio, bolstering their market positions.

In March 2024, Saputo, Inc. signed a 15-year virtual power purchase agreement (VPPA). The organization aims to propel towards sustainability with the assistance of Schneider Electric. The power acquisition will help the enterprise generate 206,300 MWh of power.

Key Companies Profiled

Cargill Inc.
Saputo Inc.
Glanbia, Plc.
Kerry Group Plc.
Arla Foods
Fonterra Co-Operative Group Limited
ROYAL FRIESLANDCAMPINA N.V.
Nestlé
Idaho Milk Products
Others

More Valuable Insights Available

Future Market Insights offers an unbiased milk protein market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

Product Type (Concentrates, Hydrolyzed, Isolates, and Others), Form (Powder, Liquid, Paste/Spreadable, and Others), and Application (Food & Beverages, Nutraceuticals & Dietary Supplements, Pharmaceutical, Cosmetics & Personal Care, Infant Formula, Pet Care Industry, and Others) segment the market.

Milk Protein Market- Key Segments

Product Type:

Concentrates
Hydrolyzed
Isolates
Others

Form:

Powder
Liquid
Paste/Spreadable
Others

Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Pharmaceutical
Cosmetics & Personal Care
Infant Formula
Pet Care Industry
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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.

Microalgae Fertilizer Market: Sustainable Practices Drive Growth in Agriculture Sector

The global market for microalgae-based fertilizers is poised for substantial growth, with a projected 10% compound annual growth rate (CAGR) from 2023 to 2033. According to Future Market Insights (FMI), the sector’s valuation is expected to surpass US$ 28.7 million by 2033, up from US$ 11 million in 2023. This significant expansion underscores the increasing importance of sustainable agricultural practices and the growing recognition of the environmental and agronomic benefits offered by microalgae-based fertilizers.

The Push for Sustainable Agriculture

The shift towards sustainable agriculture is driven by the need to minimize the environmental impact of traditional farming methods. Conventional fertilizers, while effective in nutrient delivery, often contribute to soil degradation, water pollution, and greenhouse gas emissions. In contrast, growth of microalgae-based fertilizers provide an eco-friendly alternative, enriching the soil with essential nutrients while reducing chemical runoff and supporting overall environmental health.

Microalgae are rich in nitrogen, phosphorus, potassium, and trace elements vital for plant growth and development. These natural fertilizers offer a balanced nutrient supply, enhancing crop yields and quality. Additionally, the bioactive compounds in microalgae, such as amino acids, vitamins, enzymes, and plant growth regulators, stimulate plant growth, enhance stress tolerance, and contribute to improved crop productivity.

Rising Demand for Organic and Sustainable Products

The global demand for organic food and products is on the rise, aligning with the increasing consumer awareness of health and environmental issues. Microalgae-based fertilizers, derived from natural sources without synthetic chemicals or genetically modified organisms (GMOs), are ideally suited for organic farming. This compatibility with organic agricultural practices further drives the demand for microalgae-based fertilizers.

Government Support and Industry Adoption

Governments worldwide are playing a crucial role in promoting sustainable agriculture through policies, incentives, and regulations that encourage the use of environmentally friendly fertilizers. These initiatives are accelerating the adoption of microalgae-based fertilizers in various agricultural sectors, including traditional farming, horticulture, hydroponics, and vertical farming.

Market Leaders and Innovations

Leading companies such as DIC Corporation, Cyanotech Corporation, Koninkliijke DSM NV, and BASF SE are at the forefront of the microalgae-based fertilizer market. These firms are investing in research and development to enhance microalgae cultivation techniques and develop innovative products that meet the evolving needs of farmers.

Recent developments include:

DIC Corporation announced an investment of approximately US$9.0 million in environmental initiatives, including the production of edible blue-green algae (spirulina) and natural blue food coloring (LINABLUE®).
AlgaEnergy became an associate member of the Technology Platform Food for Life-Spain (PTF4LS), promoting sustainable agricultural practices.
Allmicroalgae expanded its algae production to reach 120 metric tons of raw materials per year, catering to the growing demand for sustainable ingredients.

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Demand for Microalgae in Fertilizers Sector by Category

By Species Type:

Spirulina
Chlorella
Dunaliella
Schizochytrium
Euglena
Nannochloropsis
Nostoc
Others

By Source:

Marine water
Fresh Water

By End Use Application:

Biofertilizers
Biocontrole
Soil microalgae
Biostimulants
Fungicide & Insecticide
Pesticide
Soil Conditioner
Agriculture Herbicide
Animal Repellent
Others

By Region:

North America
Latin America
Europe
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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Europe Duckweed Protein Market: Plant-Based Protein Demand Sparks Regional Growth

The Europe duckweed protein market size is poised for remarkable growth, with an anticipated 20% compound annual growth rate (CAGR) over the next decade. The market, valued at USD 1.28 million in 2023, is expected to soar to USD 7.9 million by 2033. This growth is largely driven by the rising vegan population and innovative advancements in plant-based proteins.

Veganism on the Rise: Fueling Market Growth

According to the European Vegetarian Union, the vegan population in Europe represented over 6% of the total population in 2019. In the UK, the vegan population surged to over 600,000 in 2019, a staggering 300% increase from 2014. This shift has spurred food and beverage companies to innovate and develop meat replacements, dairy alternatives, and protein nutritional beverages, thus boosting the demand for duckweed protein.

Key Drivers and Opportunities

Consumer Demand for High-Protein Foods: Over the past decade, the demand for high-protein foods has risen significantly, encouraging sales of duckweed protein. Innovations by key market players, aligned with consumer preferences for healthier food options, continue to drive market growth.

Sustainable Production and Value Chains: The sustainable value chain model emphasizes reusing or recycling resources to minimize waste. This approach is increasingly adopted by duckweed protein producers, contributing to market expansion.

Growing Popularity of Plant-Based Cuisine: The increasing influence of dietary choices towards duckweed proteins is propelling the market. A rise in consumers adopting vegan or flexitarian diets is driving the demand for plant-based protein sources.

Comparative Analysis of Adjacent Markets

Vegan Protein Market: With a projected CAGR of 7.9% from 2023 to 2033, the vegan protein market, valued at USD 4.07 million in 2023, is primarily driven by increasing health awareness and a shift towards organic and natural foods.

Protein Supplements Market: Anticipated to grow at a CAGR of 10.52%, the protein supplements market, valued at USD 10.79 million in 2023, is benefiting from hectic consumer lifestyles and a rising number of fitness and wellness centers worldwide.

Competitive Landscape

Key companies in the European duckweed protein market are focusing on portfolio expansion and other strategic growth initiatives to gain a competitive edge. Notable players include:

Parabel USA Inc.
Pontus Water Lentils
Barentz B.V.
Hinoman, Ltd
Plantible Foods, Inc.
Lempro Inc.
Seta Organics

The Significance of Duckweed as a Plant-Based Protein Source

Duckweed protein is gaining traction as a viable plant-based protein source due to its high amino acid and leucine content. It addresses the concerns of vegan gym-goers regarding muscle loss by offering a high-protein, nutrient-dense alternative. Duckweed, a flowering aquatic plant, has been a dietary staple in East Asia for generations. It is rich in omega-3 fatty acids, vitamins, and minerals, and is more biologically active than pea protein isolate.

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Duckweed as a Soy Substitute

Duckweed is emerging as a promising soy substitute. Trials have shown its potential, but manufacturing methods need stabilization. Innovations in production technology, such as artificially generated and sealed growth units, enable efficient water recycling and low water demand per tonne, making duckweed a sustainable alternative to soy.

Europe Duckweed Protein Market Key Segment

By Form:

Fresh Duckweed Protein
Dried Duckweed Protein

By Species:

Wolffiella
Spirodela
Lemna
Landoltia
Wolffia

By End Use:

Food Processing
- Protein/Dietary Supplements
- Energy Bars
- Snacks & Salads
- Beverages
- Others
Animal & Fish Feed
Others (applied research, biofuel, etc.)

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.