Collagen Hydrolysates Market: Beauty and Wellness Trends Fuel Global Market Expansion

Collagen Hydrolysates Market
Collagen Hydrolysates Market

The global collagen hydrolysates market, valued at over USD 1.1 billion in 2022, is poised for substantial growth with an estimated CAGR of 7.5% from 2022 to 2032. This upward trend reflects increasing consumer demand for innovative food and beverage products incorporating hydrolyzed collagen, a versatile protein soluble in both hot and cold water.

Collagen hydrolysates have gained significant traction due to their seamless incorporation into various food and beverage items. With a rising global emphasis on health and wellness, consumers are gravitating towards nutritious, protein-rich options. Hydrolyzed collagen, known for its high protein content and health benefits, is experiencing heightened demand across different regions.

Key Growth Drivers

  • Health Benefits: Hydrolyzed collagen is celebrated for its numerous health benefits, including gut repair, weight management, heart health, bone repair, liver function enhancement, and joint pain prevention. These benefits are driving consumer interest in maintaining a balanced lifestyle.
  • Digestibility and Bioavailability: As a pure protein, hydrolyzed collagen is easily digestible and highly bioavailable, making it a preferred health supplement. Its absence of hormones, chemicals, and antibiotics further boosts its appeal among health-conscious consumers.
  • Innovative Applications: The versatility of hydrolyzed collagen in food and beverage products is a significant factor in its rising popularity. Its ability to blend seamlessly into various consumables without altering taste or texture makes it an attractive ingredient for manufacturers.

Regional Insights

North America:

The North American collagen hydrolysates market is projected to register a 7.2% CAGR between 2022 and 2032. The rising demand for ready-to-eat collagen products, especially among the growing population of working women, is a key driver. The use of hydrolyzed collagen in post-surgery recovery, cardiovascular treatments, and wound care is expanding its market share.

Europe:

In Germany, the collagen hydrolysates market is thriving due to its extensive use in the cosmetic industry. Hydrolyzed collagen’s benefits in improving skin firmness, elasticity, and reducing wrinkles have led to increased demand in beauty products like face creams, masks, and serums.

Asia-Pacific:

The Indian market is experiencing rapid growth, driven by changing lifestyles, western dietary habits, and the rising demand for functional additives in food. Similarly, the market in China is bolstered by urbanization and the increasing adoption of Western food trends.

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Competitive Landscape

The market is characterized by fierce competition among key players, including Nestlé S.A., Danone SA, Royal FrieslandCampina NV, and others. These companies are investing heavily in research and development to introduce new, high-quality collagen products.

Recent Developments:

  • Tendoforte by Gelita: In 2018, Gelita introduced Tendoforte, a bioactive collagen peptide aimed at strengthening tendons and ligaments, thus catering to both amateur and professional athletes.

Market Segmentation

The market for collagen hydrolysates is segmented by source, dosage form, and application:

  • Source: Bovine, Marine, Porcine
  • Dosage Form: Liquid, Powder, Capsules
  • Application: Food and Beverage, Pharmaceutical, Cosmetics, Nutraceuticals

The powdered form of hydrolyzed collagen holds the largest market share due to its ease of digestion, versatility, and flavorless nature, making it ideal for various culinary applications.

About Future Market Insights (FMI)

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

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Metallized Film Market to Reach USD 4.5 Billion, Globally by 2033 at 4.8% CAGR: Future Market Insights, Inc.

The global metallized film market is poised for significant growth, with its size expected to increase from USD 4.5 billion in 2023 to USD 7.2 billion by 2033. Over the next decade, a 4.8% CAGR in demand for metallized film is projected to drive this expansion.

Rising end-user demand and growing needs for the food and beverage sector are predicted to be the primary drivers of the worldwide metalized film market. Metalized film laminates have become the closest alternative to foil packaging throughout the years, giving a beautiful metallic effect at a lower cost and weight. The fact that metallized films provide paperboard or paper packaging with a metal-like appearance is one of the main factors in their appeal.

The metallized films market is now leading the entire packaging films market as a result of favorable product attributes, which is luring new manufacturers to engage in it. These coatings shield packaged items from changes in the environment, increasing their shelf life.

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Not only do metallic coatings increase a product’s shelf life, but they also help consumer goods producers stand out from the competition. Nowadays, metallized films are used in visual applications, including point-of-purchase displays and signage.

A product can differentiate itself from the competition and have aesthetic appeal through the application of metallic films. Two fresh uses for metallized films that have the potential to persuade consumers to buy the items are product labels and wraps.

Metalized films can be solely liable for rising product sales since better branding encourages buying. These films also include electrical characteristics, such as thermal insulation for cryogenic applications and multilayer insulation film blankets, which makes them very useful for satellite and spacecraft applications.

The market is expanding due to rising demand for metallized BOPP Film in applications such as insulation, food packaging, and electronics. Leading electronics industry companies and various insulation applications are in high demand for metallized BOPP films as a consequence of the growing demand for electronics and electrical goods.

This suggests that the global market for metallized BOPP films is expected to keep growing in the future. BOPP films are replacing cellophane in sectors like snack and cigarette packaging due to their beneficial properties and low cost. There are more than a thousand distinct BOPP film options. Metalized BOPP films are used to create ornamental items, flexible packaging, and gift wrapping.

“The integration of nanotechnology into the metallized film market is nothing short of a game-changer. For manufacturers, this trend is likely to translate into a competitive edge in the market. These films’ enhanced barrier properties and durability open doors to new applications and markets. Industries that demand top-tier packaging solutions, such as electronics, pharmaceuticals, and specialty foods, are projected to be particularly drawn to these advanced metallized films.” according to a lead packaging analyst Ismail Sutaria at Future Market Insights.

Key Takeaways from the Metallized Film Market

  • In 2022, the global metallized film market size stood at USD 4.3 billion.
  • India’s metallized film industry is estimated to lead with a projected 6.1% CAGR from 2023 to 2033.
  • The United States metallized film industry is projected to follow closely, with an estimated 2.7% CAGR through 2033.
  • The United Kingdom’s metallized film industry is likely to show a 4.0% CAGR between 2023 and 2033.
  • China’s metallized film industry is projected to develop at a 5.5% CAGR through 2033.
  • In the global metallized film industry, Germany’s forecasted CAGR is 1.8% between 2023 and 2033.
  • Canada’s metallized film industry is likely to exhibit a 3.6% CAGR from 2023 to 2033.

Key Players and Strategies for Success in the Metallized Film Market

Here are the key strategies that have been instrumental for success in the metallized film market:

  • Offering a wide range of metallized films catering to various industries and applications.
  • Investing in research and development for the development of advanced metallizing techniques.
  • Establishing a global presence through strategic partnerships, acquisitions, or setting up production facilities in key regions.
  • Embracing eco-friendly production processes and materials to meet the growing demand for sustainable packaging solutions.
  • Staying updated with evolving regulations and compliance standards related to packaging materials.

Key Companies:

  • Amcor plc
  • Uflex Ltd.
  • Jindal Poly Films Limited
  • Klöckner Pentaplast Europe GmbH & Co. KG
  • AR Metallizing N.V.
  • Treofan Group
  • Cosmo Films Ltd.
  • Toray Plastics (America) Inc.
  • DUNMORE Corporation
  • SRF Limited.
  • FILMtech Inc.
  • Polyplex Corporation Limited
  • Sumilon Group
  • Zhejiang Changyu New Materials Co., Ltd.
  • SunPro

Recent Developments in the Metallized Film Market

  • Cosmo Films developed a fresh, translucent thermal interlayer antimicrobial film based on BOPP in September 2020. The antimicrobial approach used in the film uses an entirely new strategy to prevent microbial development on surfaces to solve the widespread issue of bacterial infections on packaged goods.
  • In July 2020, Gilt Metalized, a new printable laminate film from Nobelus, was introduced. A unique thermal printed laminate film with a dazzling gold reflecting foil look is called Gilt Metalized. Graphics creators and brand owners can now make jaw-dropping spectacular effects owing to qualities that allow spot varnishes and foil-stamped items to attach to the film.

Metallized Film Market by Category

By Material Type:

  • Plastic
    • Polypropylene (PP)
    • Polyethylene Terephthalate (PET)
    • Others (PA, PE)
  • Metal
    • Aluminum
    • Others (Copper, Nickel)

By Applications:

  • Packaging
    • Bags & Pouches
    • Tubes & Sachets
    • Wrapping & Lidding Films
    • Others
  • Decorating
  • Others

By End Use:

  • Food and Beverage
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Automotive
  • Electrical and Electronics
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rice Milk Market Dynamics: Increasing Lactose Intolerance Drives Demand for Plant-Based Milk

Rice Milk Market
Rice Milk Market

The rice milk market size is registering a valuation of US$ 0.639 billion in 2023 and is projected to reach US$ 1.3 billion by 2033. The market is capturing a CAGR of 6% during the forecast period.

How is the Popularity of Rice Milk Growing Among Consumers?

The popularity of rice milk is rapidly growing among consumers due to several factors, including:

  • Plant-based Trend: The increasing demand for plant-based and vegan trends is advancing the global market. The demand for rice milk is growing due to lactose intolerance and rising allergies to milk.
  • Digestive Benefits: Adopting rice milk among consumers improves the digestion system with its natural ingredients. It is one of the suitable alternatives for the stomach as compared to milk.
  • Allergen-free: Rice milk is made up of natural and organic flavor ingredients. It is sustainable without allergens such as soy, lactose, and nuts.
  • Mild Flavor: The demand for rice milk is rising due to its sweet, mild, natural flavor. Rice milk is a standalone beverage with versatile ingredients.
  • Nutritional Profile: Rice milk is lower in fat than other milk. It provides better nutrition, vitamins and minerals, and essential nutrients such as vitamins B and D.
  • Sustainable Option: The demand for rice milk is increasing due to its sustainability and lower greenhouse gas emissions than dairy milk, such as cow’s milk.
  • Variety: Rice milk is popular plant-based and is available in oat, soy, and almond milk varieties.

Key Takeaways:

  • The rice milk market is predicted to register a CAGR of 6% with a valuation of US$ 1.3 billion in 2033.
  • In the historical period, the market secured a CAGR of 2.4% between 2018 and 2022.
  • India is estimated to lead the global market by securing a CAGR of 7.8% by 2033.
  • Based on end use, the food & beverages sector is estimated to register a share of 21.5% during the forecast period.
  • The market is anticipated to capture a valuation of US$ 0.639 billion in 2023.

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How Key Players Are helping surge the Global Market?

Key players focus on developing sustainable, lactose-free rice milk to expand the global market. These key players are adopting marketing tactics, including collaborations, mergers, acquisitions, product launches, and agreements.

Key players are launching new products in the global market with exotic flavors and organic ingredients additions. A few of the prominent players in the market are as follows:

  • Dream Plant-based: The company offers dairy-free alternatives to their customers with a clean label and eco-friendly sourcing.
  • Vitasoy: The company provides soy-based products to their customers with the high-quality and wide availability of beverages.
  • Earth’s Own: This company provides plant-based and vegan beverages to its consumers. They are promoting their brand with distribution channels.

Recent Developments in the Global Market:

  • In 2022, Ebro Foods announced its newly launched rice milk product with 100% organic ingredients. They offer non-toxic, artificial sugar-free rice milk containing 16% of rice content.
  • In 2021, Linda McCartney launched its plant-based rice milk with different types of varieties, including organic rice and organic soya.

Market Categorization:

By Distribution Channel:

  • Supermarket & Hypermarket
  • Online Retails
  • Others

By Form:

  • Powder
  • Liquid

By Source:

  • Organic
  • Conventional

By End Use:

  • Food & Beverages
  • Nutraceuticals & Baby Food
  • Personal Care
  • Pharmaceuticals
  • Others

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 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
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Mussels Market Growth: Sustainable Aquaculture Practices Boost Market Demand

Mussel Market
Mussel Market

The mussel market is predicted to be valued at US$ 3.58 billion in 2024 and to US$ 5.83 billion by 2034. Over the projection period, the mussel market is expected to surge at a CAGR of 5.00%. Advancements in aquaculture technology are transforming mussel farming. Advanced sensors, underwater drones, and automated systems hone farming practices, improving yield and sustainability and reducing the environmental impact.

Rising awareness regarding the health benefits of mussel consumption is propelling market demand. Mussels are rich sources of protein, Omega 3 fatty acids, and vitamins, which appeal to health conscious consumers who are shifting to nutritious and sustainable food options. Manufacturers are expanding their product lines by producing value added mussel items including ready to eat meals, flavored marinades, and gourmet sauces. These creative offers address changing customer needs for convenience, diversity, and gourmet experiences.

The mussel market is expanding into new geographical locations, propelled by globalization and rising seafood consumption. Emerging economies in Asia Pacific and Latin America provide unexplored chances for expansion by providing access to a diversified customer base with changing interests and preferences.

With growing worries about environmental degradation and climate change, sustainable methods are becoming increasingly important for mussel growers and consumers. To reduce their carbon footprint and protect marine habitats, businesses are implementing waste reduction measures, investing in renewable energy sources, and using ecofriendly agricultural practices.

The growth of ecommerce and digital platforms is revolutionizing the distribution and marketing channels of the mussel’s market. Online marketplaces, direct to consumer sales, and digital marketing campaigns enable manufacturers to access a larger audience and interact with customers in new ways.

Key Takeaways from the Mussel Market:

  • India leads the mussel market, expecting an 8.2% CAGR by 2034.
  • Germany anticipates a 7.0% CAGR by 2034.
  • The United States is expected to surge with a 4.1% CAGR until 2034.
  • The conventional segment is expected to hold a 76.8% market share until 2024.
  • FMI forecasts the frozen segment to attain a 29.7% market share by 2024.

“The mussel market relies on sustainable practices and customer need for freshness, creating profitable prospects among changing culinary trends,” – Says Nandini Roy Choudhury, Client Partner at Future Market Insights 

How are key players revolutionizing the Mussel Market?

In the vast mussel market landscape, significant companies emerge as giants who shape the direction of the industry. These industry leaders are well known for their cultivation, distribution, and innovation skills. From artisanal fishers promoting local delicacies to multinational enterprises managing global supply networks, their approaches vary.

Key stakeholders engage in sustainable techniques, ensuring the future of aquaculture while addressing consumer needs for traceability and environmental awareness. They dominate shelves and menus worldwide thanks to their ability to navigate regulatory systems and markets effectively. As culinary landscapes change, these actors remain critical in determining preferences, trends, and the very core of the mussel industry.

Product Portfolio:

  • Navchetana Kendra Agra has a comprehensive product range that includes high quality organic vegetables, herbal supplements, and natural health items. Their products, which emphasize holistic health and well being, appeal to discerning consumers looking for nourishment and vitality.
  • Clearwater Seafoods offers a diverse range of sustainably obtained seafood specialties, including quality lobster, scallops, and wild caught fish. Clearwater Seafoods is well known for its devotion to quality and responsible fishing techniques, and it provides great flavor and freshness to seafood enthusiasts all around the world.

Recent Developments:

  • In February 2024, Bioriginal Food & Science Corp. (“Bioriginal”), a fully owned subsidiary of Cooke Inc., has acquired POS Biosciences Corp. (POS) of Saskatoon from Canopy Growth Corp.

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Segmentation Analysis of the Mussel Market:

By Nature:

  • Organic
  • Conventional

By Species Type:

  • Blue Mussels
  • Rabbits foot Mussels
  • Snuffbox Mussels
  • Horse Mussel
  • Others (Mediterranean mussels, California mussels, etc.)

By Product Type:

  • Shelled
  • Half Shelled
  • Cooked/Non-shelled

By Format:

  • Fresh
  • Frozen
  • Canned

By End-use Application:

  • HoReCa
  • Hotels
  • Restaurants
  • Cafes
  • Retail/Household
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Discount Stores
  • Online Retail Stores
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • 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 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
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Seaweed Protein Market Insights: Rising Popularity of Vegan Diets Fuels Market Growth

Seaweed Protein Market
Seaweed Protein Market

The global seaweed protein market is expected to witness growth at a CAGR of 11.3% in the forecasted period and to be valued more than US$ 971.7 Million by 2032.

More than one-third of the world’s population (2.3 billion people) is predicted to expand by 2050, necessitating a 70% increase in food production. Despite the fact that the world’s population has more than doubled in the previous fifty years, hunger has decreased as agricultural food production methods have advanced and per capita income has increased. Food production, on the other hand, is more challenging than ever before.

Previously used agricultural intensification methods will be rendered obsolete due to their high environmental impact trade-offs, such as the destabilisation of natural ecosystems and threat to biodiversity, the production of greenhouse gases from land clearing, terrestrial ecosystems, animal livestock production, freshwater, and nutrient run-off from fertiliser causing marine pollution.

Protein, in particular, is one of the most important nutrients that will be scarce in the future. To meet consumer demand and projected global protein requirements, alternative protein sources and manufacturing methods are necessary.

Key Takeaways from Market Study

  • The seaweed protein market is expected to expand at CAGR of 11.3% over the forecasted period.
  • Among the source, red seaweed is dominating the segment holding around 52.7% of the revenue and it is expected to grow with CAGR of 8.9% over the forecasted period.
  • Among the extraction method segment, conventional method is expected to dominate the seaweed protein market holding more than 43.5% revenue share and it is expected to grow with around 8.6% CAGR over the forecast period.
  • Food & beverage is dominating the application segment holding around 42.1% in 2022 and it is expected to grow with CAGR of 9% over the forecasted period.

“The seaweed protein market is expected to grow at a bolstering rate owing to the future demand for alternate protein most human applications, such as food, supplements, and cosmetics, choose seaweed protein-based products since they have no negative side effects.” says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of global seaweed protein market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the seaweed protein market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.

  • 6 May 2021, Schiedam — Last year, The Seaweed Company began a pilot project off the coast of the Netherlands at the Offshore Test Site. The goal of the pilot is to put the ‘Cultivator’s seaweed infrastructure to the test in the severe conditions of the North Sea. The Seaweed Company, one of the pilot’s partners, is overjoyed to report that the installation exceeded expectations during the storm in March.

By Source, Global Seaweed Protein Market is segmented as:

  • Red Seaweed
  • Green Seaweed
  • Brown Seaweed

By Extraction Method, Global Seaweed Protein Market is segmented as:

  • Conventional
  • Physical Process
  • Enzymatic Process
  • Chemical Process
  • Current Method
  • Ultrasound Assisted Extraction (UAE)
  • Pulsed Electric Field
  • Microwave Assisted Extraction (MAE)

By Application, Global Seaweed Protein Market is segmented as:

  • Food & Beverages
  • Industrial Application
  • Animal Feed
  • Aquaculture
  • Cosmetics and Personal Care

By Region, Global Seaweed Protein Market is segmented as:

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

About Future Market Insights (FMI)

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

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
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Lutein Market Expansion: Growing Awareness of Eye Health Supplements Drives Demand

Lutein Market The global lutein market, currently valued at USD 354.3 million as of 2022, is projected to achieve substantial growth, reaching approximately USD 590 million by 2032. This growth trajectory represents a robust compound annual growth rate (CAGR) of 5.2% over the forecast period (2022-2032). The rising adoption of lutein, fueled by its multiple benefits such as anti-inflammatory properties and significant improvement in eye health, positions it as a vital component in various industries.

Market Drivers and Applications

Lutein, an organic pigment known as a carotenoid, is crucial for eye health. As one of the two main carotenoids found in the human eye, lutein acts as a natural light filter, protecting the eyes from potential damage caused by sunlight and blue light. This “eye vitamin” significantly reduces the risk of age-related macular degeneration (AMD), which can lead to the loss of central vision.

  • Ophthalmology and Eye Health: Lutein is extensively used in ophthalmology for treating various eye diseases. Its anti-inflammatory properties and ability to protect against free radicals are essential for maintaining healthy vision. Lutein improves visual contrast and is beneficial in treating cataracts and diabetic retinopathy. The increasing usage of lutein in ophthalmology is a key factor driving its market growth.
  • Nutritional Supplements: The demand for lutein is rising in the nutritional supplements sector, where it is used in the production of dietary supplements and medicines, particularly capsules for eye health. The correlation between reduced lutein intake and an increased risk of diabetes has also been highlighted by researchers. Given the global prevalence of diabetes, lutein’s potential in reducing diabetes risk is expected to boost market demand.
  • Cancer Prevention: Studies have suggested that increased lutein intake may reduce the risk of certain cancers, including breast, kidney, and bladder cancers. This potential for cancer prevention could significantly drive the adoption of lutein in the coming years.
  • Heart Health: Emerging research indicates that lutein may be effective in combating certain heart diseases. If these findings are validated, it could revolutionize the sales of lutein, as more consumers seek its heart health benefits.
  • Food and Dairy Industry: Lutein is also used in various dairy products, such as cheese and yogurt, contributing to its demand. The growing dairy sector, with its promising growth, is another factor supporting the increased adoption of lutein.
  • Government Initiatives: Governments worldwide are taking proactive measures to raise awareness about lutein’s benefits. For instance, lutein supplements are being showcased as listed medicines, encouraging higher consumption rates.

Regional Market Outlook

  • North America: North America holds a significant share of the lutein market, with the US accounting for 56% of sales. The region’s fragmented distribution channels and the shift towards products with broader brand positioning contribute to this dominance. The growing concentration of Vitamins, Minerals, Herbs, and Supplements (VMHS) services is also expected to support regional growth.
  • Europe: Europe is anticipated to maintain its leadership position in the lutein market, with a 37.4% share. The region’s high consumer awareness regarding the benefits of carotenoids and the extensive use of lutein in pharmaceuticals, animal feed, and food products drive this market dominance.
  • Asia Pacific: Rapid growth is expected in developing countries like China and India due to the high prevalence of eye problems and increasing demand for dietary supplements. The region’s growing health-conscious population and changing consumer lifestyles further drive the demand for lutein.

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

Start-ups and Innovations

The lutein market is witnessing significant competition due to new entrants. Start-ups like Nuritas and Brightseed are leveraging artificial intelligence and genomics to discover novel functional chemicals with therapeutic properties. These innovations are expected to contribute to the market’s growth by introducing new applications and enhancing the efficacy of lutein products.

Key Market Players

Prominent players in the lutein market include:

  • Chr Hansen Holdings
  • Sundown
  • OmniActive Health Technologies
  • DSM
  • Tianjin Pharmaland
  • Kemin Industries
  • Allied Boitech Corporation
  • Vitiva
  • Nature’s Bounty
  • BASF SE
  • Solaray

Key Segments Profiled in the Lutein Market Survey

By Form:

  • Powder and Crystalline
  • Oil Suspension
  • Beadlet
  • Emulsion

By Source:

  • Natural
  • Synthetic

By Applications:

  • Food
  • Beverages
  • Dietary Supplements
  • Animal Feed
  • Pharmaceuticals
  • Personal Care Products

By Production Process:

  • Chemical Synthesis
  • Extraction from Botanical Material
  • Fermentation
  • Algae Route

By Region:

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

About Future Market Insights (FMI)

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

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
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Inkjet Printers Market is Predicted to Reach USD 11.6 Billion, Globally by 2033 at 5.2% CAGR: Future Market Insights, Inc.

The global inkjet printers market is poised for substantial growth, with its size expected to reach USD 7.0 billion in 2023. As the eCommerce industry continues to expand, the demand for inkjet printers is set to increase, driving the market to a projected value of approximately USD 11.6 billion by 2033. This represents a steady compound annual growth rate (CAGR) of 5.2% over the forecast period from 2023 to 2033.

This growth is fueled by several key factors, including the rising popularity of high-quality, cost-effective printing solutions in both consumer and industrial applications. The demand for inkjet printers in sectors such as education, healthcare, retail, and packaging is escalating due to their versatility and ability to produce high-resolution prints at a lower cost per page compared to traditional printing methods.

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Moreover, the continuous innovation in inkjet technology, such as the development of faster and more efficient printers, has broadened their application scope, further propelling market growth. The trend towards digitalization and the increased adoption of color printing in business documents are also contributing to the market expansion.

Additionally, the growing environmental awareness and the shift towards sustainable printing practices, with the use of eco-friendly inks and energy-efficient printers, are expected to drive the demand for inkjet printers over the forecast period.

 Key Takeaways from the Market Study

  • Global inkjet printers market was valued at USD 55.4 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 5.9%.
  • China is expected to hold a dominant CAGR of 7.7% during the forecast period.
  • By printer type, the large format printers segment is expected to constitute a CAGR of 6.6% in 2033.
  • On the basis of end-user industry, the institutional segment is expected to dominate the market with a CAGR of 6.5% in 2033.
  • From 2023 to 2033, inkjet printers market is expected to flourish at a CAGR of 6.7%.
  • By 2033, the market value of inkjet printers is expected to reach USD 113.1 billion.

Competitive Landscape

Prominent players in the inkjet printers market are HP Inc., Canon Inc., Seiko Epson Corporation, Domino Printing Sciences plc, Brothers Industries Ltd., Hitachi Industrial Equipment Systems Co., Ltd., Inkjet Inc., Xerox Corporation, Videojet Technologies, Inc., Markem-Imaje Corporation, and Lexmark International, Inc., among others.

Recent Developments

  • In 2020, Epson introduced the SureColor P-Series printers, including the SureColor P7570 and P9570, featuring advanced PrecisionCore printhead technology and UltraChrome PRO12 pigment ink for professional photo and fine art printing.
  • In 2020, HP introduced the HP Stitch S1000, a dye-sublimation printer designed for textile and soft signage printing, offering fast production speeds and vibrant colors.
  • In the same year, Canon introduced the imagePRESS C165, a compact inkjet color press with high-quality output and versatile media handling capabilities.

More Valuable Insights Available

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

To understand opportunities in the inkjet printers market, the market is segmented on the basis of printer type (single functional printers, multi-functional printers, large format printers, industrial inkjet printers, textile inkjet printers, and inkjet press), by technology type (continuous inkjet, and drop on demand), by substrate (plastic, metal, paper, fabric, ceramic, and others), and by end-use industry (consumer, institutional, and industrial), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Inkjet Printers Market

By Printer Type:

  • Single functional Printers
  • Multi-functional Printers
  • Large Format Printers
  • Industrial Inkjet Printers
  • Textile Inkjet Printers
  • Inkjet Press

By Technology Type:

  • Continuous Inkjet
  • Drop on Demand
    • Thermal DOD
    • Piezoelectric DOD

By Substrate:

  • Plastic
  • Metal
  • Paper
  • Fabric
  • Ceramic
  • Others

By End-use Industry:

  • Consumer
  • Institutional
  • Industrial
    • Packaging
    • Publishing
    • Photography
    • Textile
    • Advertisement

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cellulose Film Packaging Market is Growing at a Strong CAGR of 4.9% from 2024 to 2034 | Future Market Insights, Inc.

The cellulose film packaging market is estimated to be worth USD 853.1 million in 2024 and is projected to be valued at USD 1,374.2 million in 2034. Between 2024 and 2034, the industry is expected to advance at a CAGR of 4.9%. Growing demand for cellulose film packaging is observed in key end-use industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods.

The surge in environmental awareness and heightened consciousness among consumers has fueled a growing demand for sustainable packaging solutions. Cellulose film, sourced from renewable materials such as wood pulp, stands out as an eco-friendly alternative to conventional plastic packaging due to its biodegradable and compostable nature.

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Manufacturers are increasingly turning to cellulose film packaging to align with the evolving preferences of consumers who prioritize sustainability. The shift in consumer mindset towards eco-friendly options has prompted brands to adopt cellulose film, recognizing its environmentally conscious attributes, as a strategic choice to not only meet demand but also elevate their brand image.

Governments and regulatory bodies are implementing policies and regulations that encourage the use of sustainable packaging materials. This support creates a favorable environment for the growth of cellulose film packaging. Ongoing research and development efforts are leading to innovations in cellulose film technology, improving its performance characteristics and expanding its range of applications, further driving market growth.

Electric Bike Market Projected to Reach USD 150.01 Billion by 2033, Fueled by a 10.2% CAGR | FMI Reports

Electric Bike Market
Electric Bike Market

The electric bike market is poised for significant growth, with projections suggesting it will reach USD 150.01 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 10.2%. This growth is fueled by increasing consumer interest in eco-friendly transportation, advancements in e-bike technology, and supportive government policies promoting sustainable mobility.

Electric bikes, known for their convenience and efficiency, are becoming a popular choice for urban commuters and recreational riders alike. As the demand for greener alternatives to traditional vehicles rises, the electric bike market is expected to expand substantially, transforming personal transportation.

This shift towards e-bikes extends beyond developed nations; emerging economies are also embracing this trend. E-bikes, powered by electric batteries, are gaining traction due to their low fuel costs, minimal carbon emissions, and government incentives. More individuals are turning to these environmentally friendly transportation options.

Innovative e-bike models featuring longer ranges, enhanced power, advanced transmissions, and improved designs are gaining popularity. Companies are integrating high-power batteries to boost performance and acceleration.

Local governments, especially in densely populated countries like China and India, are launching community e-bike programs that provide significant benefits at low costs. Additionally, the growing infrastructure for electric vehicles, including an expanding network of charging stations, supports market growth. These stations offer not only charging but also services, repairs, and replacements for electric bikes, further driving market expansion.

In-Depth Market Analysis: A Complete Report

Key Takeaways from the Electric Bike Market Report:

  • The United States market leads the North American electric bike market in terms of market share in North America. The United States held a market share of 22.1% in 2022. The factors are attributed to leading two-wheel vehicle brands, government support for sustainable industries, and aware citizens.
  • The German electric bike market held a market share of 6.9% in 2022. The market growth is caused by Germany being the automotive hub and extended research and development facilities. These facilities are advancing the battery performance while the German government target to limit the carbon footprint by the end of the forecast period.
  • The Indian market thrives at a steady CAGR of 10.0% between 2023 and 2033. The government focuses on the energy transition from fossil and petroleum sources to alternative sources like electric and solar, garnering regional performance in the global market.
  • The market in China is also expected to thrive at a CAGR of 10.5% during the forecast period 2023 to 2033.
  • Based on product type, the pedelecs segment leads the market as it held a market share of 47.3% in 2022. Its health benefits, lower power consumption, and regenerative braking options are expected to help the segment keep its lead during the forecast period.
  • Based on battery type, the lead-based battery segment strives as it accumulated a revenue share of 85.7% in the global market in 2022.

Competitive Landscape:
The key vendors focus on durability, high battery life, and improved performance. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Leading Key Players:

  • ECCITY Motorcycles
  • Hero Electric Vehicles Private Limited
  • Gogoro Inc.
  • GOVECS GmbH
  • Vmoto Limited
  • Honda Motor Co. Ltd.
  • Piaggio & C. SpA
  • Terra Motors Corp.
  • Bayerische Motoren Werke AG
  • Jiangsu Xinri E-Vehicle Co. Ltd.
  • Giant Manufacturing Co Ltd.
  • Emotion Bikes USA
  • Pedego Electric Bikes
  • Volt
  • Energica Motor Company S.p.A.
  • Zero Motorcycles, Inc.
  • Mahindra Genze
  • Derby Cycle
  • Accell Group.

Recent Market Developments in this Market:

  • Pedego Electric Bikes has introduced several e-bikes, including Avenue – Electric Commuter Bike, City Commuter: Lite Edition, City Commuter Mid Drive Edition, and City Commuter: Platinum Edition.
  • Vespa has introduced the electric mobility vehicle named Elettrica with integrated smart technology and a TFT dashboard.

Electric Bike Market Segmentation:

By Product type:

  • Electric Scooter
  • Electric Motorcycles
  • Pedelec

By Battery type:

  • Li-Ion
  • NiMH
  • Lead-based

By Technology:

  • Plug-In
  • Battery

Key Regions Covered:

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

About Future Market Insights (FMI)

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
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Automotive Airbag Market Expected to Achieve USD 35 Billion by 2033, Fueled by a 4.4% CAGR | FMI Reports

Automotive Airbag Market
Automotive Airbag Market

The global automotive airbag market is projected to grow significantly, with an expected compound annual growth rate (CAGR) of 4.4% over the forecast period. Valued at USD 12.2 billion in 2023, the market is anticipated to reach approximately USD 35 billion by 2033.

Several key factors are driving the increased adoption of automotive airbags. One major factor is the introduction of new premium and mid-range passenger vehicles that come standard with airbags. Additionally, the rising demand for advanced safety features across various vehicle types is expected to further propel market growth.

The growth of the automotive airbag market is also supported by rising disposable incomes among the expanding middle class and increased urbanization, which are likely to boost automobile sales. This, in turn, will accelerate the demand for airbags.

Curtain airbags, which protect the head and neck of passengers and drivers in side-impact collisions, are becoming more common in vans, SUVs, and other vehicle types. This trend is driven by stringent safety regulations and is expected to enhance safety across different vehicle categories, including heavy-duty trucks and compact cars.

The healthcare sector presents additional growth opportunities for the automotive airbag market. Airbags designed to protect patients during unforeseen collisions are being integrated into ambulance designs, which now feature sensors that deploy additional protection after an accident. These innovations are likely to create new opportunities within the market.

In the United States, the Intermodal Surface Transportation Efficiency Act of 1998 requires front rider and passenger airbags in all automobiles and light commercial vehicles, driving up demand. Furthermore, a recent regulation by Road Transport and Highways Minister Nitin Gadkari mandates a minimum of six airbags in vehicles carrying up to eight occupants, which is expected to further boost market demand.

Despite these opportunities, challenges remain. In developing countries, airbags are sometimes viewed as less critical, leading to the proliferation of low-cost airbags that may compromise safety and durability. Addressing these issues—such as eliminating substandard airbag manufacturers and managing the high costs associated with airbag systems—is essential for the continued growth of the market.

In-Depth Market Analysis: A Complete Report

Key Takeaways:

  • During the forecast period, India is expected to account for the largest share of the global automotive airbag market. The market in this region is expected to rise since automobile and auto-component manufacturers believe India to be one of their favoured economies for setting up manufacturing plants. Moreover, various companies have collaborated with a local carmaker to export the cars in conformity with government regulations.
  • The hair dryer market in the North America is predicted to develop rapidly, particularly in the U.S., during the projected period. This is attributed to rising government rules for vehicle safety and standards, quick adoption of new technology, and major investment in product innovation. Furthermore, frontal airbags have been required standard equipment for all passenger automobiles and light commercial vehicles in North America since 1998 due to strict regulation implementation.
  • Owing to increasing driver safety issues and burgeoning passenger vehicle manufacturing, the “passenger” vehicle type is expected to hold the greatest revenue, through the forecast period.
  • As it provides superior physical features such as increased impact resistance, decreased density, and a high specific heat capacity, the “nylon” yarn type, accounts for a significant share and is the most preferred type.

Competitive Landscape:

The global automotive airbag market share is experiencing a transformational period as a result of technological breakthroughs and various innovations. The creativity that goes into the production of hair dryers is predicted to continue attracting clients, creating enormous chances for major suppliers to leverage on such expanding trends and launch fresh product lines.

KEY PLAYERS:

Autoliv Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Toray Industries Inc., Porcher Industries SA, Nihon Plast Co. Ltd., Delphi, Wacker Chemie AG, Hyosung Co., Toyobo Co. Ltd.

Recent Developments:

  • In November 2021, Autoliv, Inc., a supplier of automotive safety systems, and SSAB, a global steel manufacturer, have begun working together to research and create fossil-free steel components for car safety goods such as airbags and seatbelts.
  • In 2020, Hyundai Mobis Co. Ltd., acquired the semiconductor division of Hyundai Autron. This acquisition is expected to provide the capability to develop semiconductors for the automotive industry and supply them system controls on a systematic basis.

Automotive Airbag Market by Category

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type:

  • Driver Airbag
  • Passenger Airbag
  • Side Airbag
  • Curtain Airbag
  • Knee Airbag
  • Other Airbags

By Coating Type:

  • Neoprene
  • Silicone
  • Non-Coated

By Yarn Type:

  • Nylon
  • Polyester

By Sales Channel:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

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