Market Research Blog – Page 1396 – New Product Development

Mouth Freshener Industry Overview: Growth Trends, Application Insights, Production Statistics, and Revenue Forecast Through 2032

According to a latest report by FMI, the global mout h freshener market size is expected to be worth US$ 18,150.3 million in 2022 and US$ 33,436.16 million by 2032, with a CAGR of 6.3 percent from 2022 to 2032.

Globally, the rise in oral hygiene awareness among adults and youth is propelling the global mouth freshener market share. Tobacco, smoking, and alcohol use can lead to mouth problems like foul breath and discolored teeth. These are important elements driving the demand for mouth freshener, which is expected to increase future sales of mouth fresheners.

In addition, innovative packaging designs and materials, such as flip-top base packaging or sliding door type packaging, are among the most recent trends in the mouth freshener market.

Increased product portfolios and the adoption of various marketing methods are expected to boost the demand for mouth fresheners during the forecast period. Furthermore, sugar-free mouth fresheners from mouth freshener manufacturers are popular among health-conscious clients, as a result, the sales of mouth fresheners are predicted to increase.

Caffeine, ginseng, and guarana, among other ingredients, have been introduced to gum, breath fresheners, and mint, which are driving growth in the mouth freshener market share.

Customers in nations such as India also like to use mouthwash after meals. The availability of a diverse selection of mouth fresheners is expected to promote mouth freshener market expansion in the near future.

However, government regulations and interventions are expected to limit the growth of the mouth freshener market during the projected period of 2022-2032. While the negative consequences of mouth freshener intake are expected to hinder the mouth freshener market growth.

Key mouth fresheners manufacturers are introducing new tastes such as mint, fruit, menthol, herbs, and spices due to the sheer increasing demand for mouth fresheners. These facts indicate a profitable prospect for the global mouth freshener industry.

Key Takeaways from Mouth Freshener Market Study

Mint candy is one of the most popular mouth fresheners, accounting for 39% of the market in 2021. One of the primary factors driving the segment’s growth is the product’s widespread availability in various countries.
The retail outlets sector is likely to maintain its dominance in the mouth fresheners market in terms of market share.
North America maintained its 44 percent market share in 2021 and is predicted to grow fast.
Due to the high demand and use of alcohol and tobacco, the United States accounts for the majority of the mouth fresheners market in North America and is expected to grow at a CAGR of approximately 3.6 percent over the projected period.
Asia Pacific is predicted to see considerable growth in the mouth fresheners market due to growing consumption of smokeless tobacco such as dip, snuff, snus, and chewing. Furthermore, the sweet consuming tradition adopted by nations such as India, Nepal, and Pakistan during festivals and occasions contributes to higher sales of mouth fresheners.

“Increasing awareness about oral care, as well as rising cigarette and alcohol consumption, are expected to drive demand for mouth fresheners throughout the forecast period. This factor is projected to increase the sales of mouth fresheners, hence fueling the growth of the mouth freshener market.”- Future Market Insights Analyst.

Competitive Landscape

The global mouth freshener market is highly fragmented. Due to the low cost of production, the mouth freshener market is seeing an increase in the number of small vendors.

Mouth freshener market players are significantly contributing to market growth by adopting various tactics such as merger and acquisition, expansion, new marketing approaches, investment for small businesses, and new product releases to stay competitive in the industry.

For example, Perfetti Van Melle-owned brand Mentos announced in 2018 the launch of new Mentos CleanBreath hard mints, which will provide clean and fresh breath for approximately 30 minutes.

The following companies are among the major players in the global mouth freshener market: Kraft Foods Inc., Perfetti Van Melle, Lotte, Haribo GmbH & co., Midas Care, Dabur Binaca, and Cadbury Trebor Basset.

Key Segments

By Type:

Mouth Sprays
Breath Strips
Flavored Candles
Chewing Gums
Others

By Distribution Channel:

Sugar-free
Conventional

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

Comprehensive Industry Report: A Full Market Analysis

Recent Developments in Mouth Freshener Market:

July 15th, 2021- Ferndale Confectionery, a key player in the global mouth freshener market, constructed a new factory in Ballarat.
Colgate-Palmolive Company introduced Colgate Plax liquid mouth freshener, which was well received by consumers and contributed significantly to total growth.
In October 2018, Tom’s of Maine postponed the release of its new silly strawberry natural mouthwash for youngsters.
Colgate has announced that their CBD product line, which includes mouthwash, toothpaste, and dental floss, will be available in February 2020.

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:

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

Global Advanced Therapy Medicinal Products Market Poised for Unprecedented Growth, Reaches USD 39 Billion by 2032

The global advanced therapy medicinal products market is set for extraordinary growth, as outlined in the latest analysis by Future Market Insights. The market, which saw global sales surge to USD 9.8 billion in 2022, is on track for substantial expansion with an anticipated compound annual growth rate (CAGR) of 15% from 2022 to 2032. By the end of the forecast period, the market is projected to reach an impressive valuation of USD 39 billion.

The report underscores the pivotal role of the Tissue Engineered Product segment, which is forecasted to be the dominant revenue generator within the ATMP sector over the next decade. This segment is expected to achieve a notable CAGR of 10.4%, reflecting the significant advancements and emerging opportunities in the field of advanced therapeutics.

“The findings of our latest market analysis report underscore a promising trajectory for the global advanced therapy medicinal products market,” stated Future Market Insights. “The substantial growth witnessed in 2022, coupled with the projected CAGR, signifies a burgeoning market with immense potential for innovation and investment.”

Advanced therapy medicinal products represent a transformative approach to healthcare, offering novel treatments and therapies for a wide array of medical conditions. These therapies, which include gene therapies, cell therapies, and tissue-engineered products, hold the promise of revolutionizing the treatment landscape, offering hope to patients and clinicians alike.

With advancements in technology, increasing investment in research and development, and a growing demand for personalized medicine, the global ATMP market is poised for unprecedented growth in the coming years.

Key factors driving the exponential growth of the Advanced therapy medicinal products market include:

Rising Demand for Innovative Treatments: Patients and healthcare providers are increasingly seeking out novel therapies that offer superior efficacy and safety profiles, driving demand for advanced therapy medicinal products.
Supportive Regulatory Frameworks: Regulatory bodies in Europe have taken proactive measures to facilitate the development and approval of advanced therapy medicinal products, streamlining processes and fostering innovation in the sector.
Technological Advancements: Advances in biotechnology and manufacturing processes have accelerated the development and commercialization of advanced therapy medicinal products, making them more accessible to patients.

The projected growth of the European Advanced therapy medicinal products market represents a significant opportunity for stakeholders across the healthcare ecosystem, including biopharmaceutical companies, research institutions, healthcare providers, and patients. As investment in research and development continues to expand, the landscape of healthcare is poised for transformative change.

European Market Focus:

Strong regulatory framework: Europe boasts a well-established regulatory framework for advanced therapy medicinal products, fostering innovation and ensuring patient safety.
Favorable reimbursement policies: Supportive reimbursement policies across several European countries are making advanced therapy medicinal products more accessible to patients.
Leading research and development: Europe is a hub for advanced therapy medicinal products research and development, with several prominent research institutions and pharmaceutical companies contributing to advancements in the field.

Global Market Drivers:

Increasing prevalence of chronic diseases: Chronic diseases like cancer, genetic disorders, and autoimmune diseases are becoming increasingly prevalent worldwide. Advanced therapy medicinal products offer a promising therapeutic approach for these conditions, propelling market growth.
Growing demand for personalized medicine: Patients are increasingly seeking personalized treatments tailored to their specific needs. Advanced therapy medicinal products, often customized for individual patients, cater to this growing demand.
Government support and funding: Governments worldwide are actively supporting research and development (R&D) activities in the advanced therapy medicinal products field, further accelerating market growth.

Overall, the advanced therapy medicinal products market presents a promising landscape for growth, offering hope for patients with chronic illnesses and significant opportunities for stakeholders in the healthcare industry.

Increased Interest in Advanced Therapy Medicinal Products: Explore Our Detailed Report for Key Trends and Insights!

Competitive Analysis:

The Advanced therapy medicinal products market is highly consolidated. Some of the key players in the market are

Spark Therapeutics Inc.
Bluebird Bio Inc.
Novartis AG
UniQure N.V.
Celgene Corporation
Gilead Lifesciences Inc.
Kolon TissueGene Inc.
JCR Pharmaceuticals Co. Ltd.
MEDIPOST
Vericel Corporation
PHARMICELL Co. Ltd
Organogenesis Inc.

Market Segments Covered in Advanced therapy medicinal products Market Analysis:

By Therapy Type:

Cell Therapy
- Stem Cell Therapy
- Non-stem Cell Therapy
CAR-T Therapy
Gene Therapy
Tissue Engineered Product

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Global Coffee Cherry Market Set to Grow at 8.4% CAGR, Projected to Hit USD 1,452.4 Million by 2034 | FMI

Future Market Insights’ updated study on the coffee cherry market projects demand to incline at a robust 8.4% CAGR from 2024 to 2034. A market valuation of US$ 1,452.4 million is estimated by the end of the aforementioned period of assessment. As of 2024, coffee cherry sales are appraised at US$ 645.4 million.

The scope for coffee cherry sales is inclining, thanks to dramatically altering weather patterns. Erratic precipitation in coffee producing regions such as the Central and South America are compelling farmers to adapt to alternative cultivation approaches- including the introduction of more resilient crop varieties and deploying shade grown techniques.

In recent years, consumers have gravitated toward consuming specialty or artisanal coffee. Capitalizing on their preference for exotic beverages, numerous coffee and coffee product companies are expanding their revenue prospects in the artisanal domain. Brands such as Intelligentsia, Spirit Animal Coffee, and Adams and Russel have all acquired significant prominence. Attributed to this growing popularity of artisanal coffee, lead analysts at FMI forecast a highly optimistic outlook for the coffee cherry ecosystem in the coming years.

Key Takeaways from the Market Report

From 2019 to 2023, the coffee cherry market advanced at an 8.3% CAGR.
By form, powdered extract is likely to yield 89.4% of the coffee cherry market revenue in 2024.
Nearly 3 out of 5 coffee cherry products will be marketed via B2C sales channels.
India pivots global coffee cherry market growth, with an anticipated 11.2% CAGR until 2034.
Sales in the United States to incline at an 8.9% CAGR from 2024 to 2034.
Global coffee cherry market to expand twofold in the upcoming forecast period.

“Given its status as a premium and luxury beverage, global coffee consumption is inclining. To address this growing demand, market players are making efforts to expand their coffee offerings, a development which provides significant momentum for the coffee cherry market,” remarks an analyst at FMI.

Competitive Landscape

From capitalizing on consumers’ taste buds to implementing sustainable production practices, prominent coffee cherry manufacturers are deploying a host of expansion strategies. Investing in state-of-the-art manufacturing technology, implementing cost-effective production approaches, and incorporating environmentally friendly business policies are a few tactics relied upon by key players.

Key Developments in the Coffee Cherry Ecosystem

Caribou Coffee announced in March 2024 the completion of its brand licensing transaction with JDE Peet’s. This step will enable Caribou to focus on its core retail coffeehouse businesses while simultaneously allowing Peet’s to expand its premium coffee portfolio in North America.

More Valuable Insights Available

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

To understand opportunities in the coffee cherry market, the market is segmented based on sales channel (B2B and B2C), form (powdered extract and liquid extract), claim (conventional and organic) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

Detailed Market Breakdown: Comprehensive Full Report

About the Food and Beverage Domain at Future Market Insights

The food and beverage domain 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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Advancements in Science Propel the Global Older Adults Health Supplements Industry Towards a Valuation of USD 314.2 Billion by 2034

According to Future Market Insights (FMI), the worldwide Older Adults Health Supplements market is valued at USD 182.6 billion in 2024 and it is anticipated to reach USD 314.2 billion by 2034. Over the next decade, global Older Adults Health Supplements demand is likely to increase at a CAGR of 5.6%.

The frequency of chronic diseases among older adults, including arthritis, osteoporosis, cardiovascular diseases, and cognitive decline, is driving the growing demand for health supplements made for their needs. Omega-3 fatty acids, glucosamine, calcium, and vitamins D and B12 are frequently utilized to manage or prevent these conditions.

Sales of Older Adults Health Supplements have exhibited a spike over the past few years, driven by shifting consumer preferences and technological advancements related to personality development. More consumers are seeking natural and organic ingredients that have been sustainably procured to manufacture supplements. Supplements that are free from synthetic additives and preservatives have been gaining widespread popularity across regions.

Innovative marketing strategies employed by key older adults health supplements companies are expected to boost the market during the next ten years.

By highlighting the specific health benefits and quality-of-life improvements offered by these products, companies are capturing the attention and trust of older consumers. This targeted approach promotes more awareness and acceptance of health supplements within the older demographic, resulting in heightened demand and increased sales.

For instance,

Herbalife created a calming tea and new immunological fundamentals, such as EpiCor, in October 2019 to meet the need for nutritional supplements in the North American market. This would increase the company’s sales of health products for senior citizens.
Abbott Laboratories launched food supplements with a strawberry flavor in India, that will increase demand for dietary supplements for older individuals by enhancing the company’s portfolio.

Key Takeaways from the Older Adults Health Supplements Report:

The global Older Adults Health Supplements market is expected to reach a valuation of USD 314.2 billion by 2034.
Global demand for Older Adults Health Supplements is likely to soar at 5.6% CAGR over the forecast period.
North America is projected to hold a dominant value share of 31.2% in the global market by 2034.
Germany market is estimated to witness a value CAGR of 4.7% during the projection period.

“The older adults health supplement market is experiencing significant growth driven by an aging population, increased health awareness, and advancements in nutritional science. The demand is further fueled by government support for preventive healthcare and effective marketing strategies targeting older adults. Innovations in product formulations and flavors, alongside convenient sales channels, are making supplements more accessible and appealing, solidifying their role in maintaining the health and well-being of the elderly population.”– says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Bayer AG, Pharma Nord Inc., Epax Norway AS, Validus Pharmaceuticals, Lexicare Pharma Private Limited, Biocare Copenhagen A/S, Bright Food (Group) Co., Ltd, Otsuka Pharmaceutical Co.,Ltd., Healthy Life Pharma Private Limited, SNU Biocare, Saipro Biotech Private Limited., V.R.Industries Pvt. Ltd, Nutra Healthcare, and Nestle (Nutren) are key Older Adults Health Supplements manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

In November 2023, Amway made a USD 200 million commitment to establish a center for nutritional supplement innovation in China. This facilitated the delivery of customized options and the overall growth of the company.

Extensive Market Research: Complete Report and Findings

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Older Adults Health Supplements market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the Older Adults Health Supplements market based on Nature (organic and conventional), Form (pills, powders, liquids, and energy bars), Flavor (Orange, Lemon, Cherry, Raspberry, Chocolate, Strawberry), Sales Channel (B2C, stores based retailing, grocery retailers, modern grocery retailers, hyper markets, super markets, and online retailing) across various regions.

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Algal Protein Market on Track to Achieve USD 1.77 Billion by 2033, Driven by a Robust 9% CAGR: FMI Analysis

In 2022, the algal protein market (Markt für Algenproteine) was expected to be worth over US$703.891 million. It is predicted that a shift in consumer preferences away from animal-based proteins and toward plant-based alternatives would increase the market for algal protein. By 2033, it’s expected to have generated US$ 1,772.7 million, at a 9% CAGR from 2023 to 2033.

The capacity of microalgae protein to strengthen the immune system while improving nutritional intake, among other health benefits, may raise demand for the supplement in the nutraceutical industry. Consumers’ active quest for plant-based dietary supplements to increase intrinsic strength may have fueled the market’s rise.

Algal protein can be utilized to treat a wide range of conditions, including attention deficit-hyperactivity disorder (ADHD), premenstrual heart disease, diabetes, as well as many others. It also helps people lose weight. The product’s higher nutritional content, positive impact on the body’s defenses, as well as other health benefits, are driving up global demand for it. The tastes of consumers for plant-based as well as other meat alternatives have shifted as a result of growing sustainability concerns, like the production of meat’s increased greenhouse gas emissions and loss of biodiversity. This might lead to market expansion.

The protein level in processed beverages, food, and nutraceutical goods is always being sought after by manufacturers. The natural sources for protein which provide the maximum total protein are chlorella as well as spirulina algae. Manufacturers of nutraceuticals products, food & beverages, and pet food are including algae into their products increasingly regularly. It is anticipated that demand for the substance would rise over the following years as a result of algae being a viable source of protein.

Key Takeaways from the Market Study

According to estimates, the market for algal protein reached US$ 624.2 million in 2018.
The market for algal protein saw a 3.0% CAGR from 2018 to 2022.
By accounting for nearly 62% of the market’s overall revenue in 2022, spirulina held the majority of the market in the type sector.
In 2022, dietary supplements accounted for almost 48.3% of total sales.
According to estimates, the United States market for algal protein will have a 26.9% market share in 2022.
Through 2033, a 10.3% CAGR is predicted for the Chinese algal protein market.
On the other side, it is anticipated that the Indian market would grow at a 12.5% CAGR between 2023 and 2033.

“The global market for algal protein is anticipated to expand over the course of the forecast period as a result of factors such as the growing vegan population, higher product usage in food and beverage applications, and growing public awareness of the benefits of leading a healthy lifestyle,” remarks an FMI analyst.

Competitive Landscape

Leading companies want to get an advantage in the fiercely competitive market by introducing new items and increasing their manufacturing capacity. The global algal protein market is fiercely competitive due to the large number of players there. The top firms are focusing on capacity increases, partnerships, mergers and acquisitions, along with new product developments in a variety of end-user industries like animal feed, food and beverage and cosmetics.

Prominent players in the algal protein market are:

Far East Microalgae Industries, Co., Ltd.
Bio-engineering Co., Ltd.
Tianjin Norland Biotech Co., Ltd.
Prolgae, NB Laboratories
Cyanotech Corporation, C.B.N.
Gong Bih Enterprise Co., Ltd.
Taiwan Chlorella Manufacturing Company Ltd
Algenol Biotech
Fuqing King Dnarmsa Spirulina Co., Ltd.
Sun Chlorella Corporation.

Some key developments of the leading companies in this market are:

Tofurky, a manufacturer of plant-based meat, partnered with Triton Algae inventions in 2021 to market “algae-based meat developments” that use Triton’s “essential red” non-GMO, high in protein algae.
Duplaco BV invested in March 2020 to raise output by 20 times using cutting-edge technology and a cutting-edge research & development facility.
Unilever and biotech startup Algenuity established a new relationship in 2020 to explore the enormous potential microalgae offer to inventing future foods for Unilever’s range of plant-based products.

Exhaustive Market Report: A Complete Study

More Valuable Insights Available

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

To understand opportunities in the algal protein market, the market is segmented on the basis of product form (powder, liquid) by product source (marine algae, fresh water algae), by type (spirulina, chlorella), by application (dietary supplements, food & beverage, animal feed, cosmetics, others) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

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Decompression Toys: Squeezing Out Stress with a CAGR of 5.3%, Reaching US$ 4.6 Billion by 2033

The decompression toy market is on a roll, projected to reach US$ 4,606.1 million by 2033, with a growth rate of 5.3% CAGR. This surge in stress relief solutions presents a golden opportunity for businesses to cater to the growing demand for products that promote mental well-being and relaxation. But how can your brand stand out in a crowded marketplace?

Playful Solutions for Pressing Problems

Mental Wellness Matters: Champion stress management. Develop decompression toys that are not just fun, but clinically effective in reducing anxiety and promoting relaxation, catering to the growing focus on mental health.
Embrace Social Influence: Harness the power of trends. Leverage social media platforms to showcase your decompression toys and collaborate with influencers to increase brand awareness among trend-savvy consumers.
Holistic Wellness Solutions: Integrate play with well-being. Position decompression toys as a valuable tool within a holistic approach to self-care, appealing to health-conscious consumers.
Quality & Safety First: Build trust with your brand. Prioritize high-quality materials and rigorous safety standards to ensure product safety and meet consumer expectations.
Combatting Skepticism: Educate and demonstrate. Address potential consumer doubts through informative campaigns that showcase the effectiveness of decompression toys in stress management.

Understanding the Growth Drivers:

Mental Health in the Spotlight: Target the stressed-out consumer. The growing awareness of mental health issues and the importance of stress management fuels demand for products like decompression toys.
Social Proof on Social Media: Embrace viral trends. The popularity of decompression toys on social media platforms creates a wider audience for your brand.
A Holistic Approach: Become a partner in well-being. Position decompression toys within the growing trend of holistic wellness practices.

Despite its rapid growth, the decompression toys industry faces challenges and restraints. Intense competition from established and emerging players poses a hurdle for companies in the market. Maintaining high product quality and safety standards is crucial to gain consumer trust and loyalty. Additionally, meeting consumers’ diverse preferences and expectations can be challenging, as individuals have varying needs when it comes to stress relief. Furthermore, managing the complex supply chain and logistics can be a restraint, especially for companies looking to scale their operations and meet increasing demand.

The decompression toys industry offers several promising investment opportunities. Research and development efforts can lead to innovative toy designs and features that enhance the user experience. Collaborations with mental health professionals and therapists present opportunities to create specialized toys that cater to specific needs. Exploring untapped markets and geographical regions can expand the customer base and increase market reach. Furthermore, developing customizable and personalized options allows companies to cater to consumers’ unique preferences, providing them with a sense of ownership and customization.

Key Takeaways from the Decompression Toys Market:

In 2023, the decompression toys market in the United States dominated, capturing a significant market share of 22.6%.
Germany showcased its significant contribution to the decompression toys industry, securing a market share of 5.3% in 2023.
Japan demonstrated steady growth in decompression toys industry, capturing a share of 4.5% in 2023.
Australia is projected to experience a relatively stable growth rate in the forecast period, with a CAGR of 1.7%.
China is expected to witness a robust CAGR of 7.3%, reflecting its population’s increasing adoption of decompression toys.
As an emerging market for decompression toys, India is set to exhibit a CAGR of 7.6%.
The United Kingdom is estimated to experience a CAGR of 4.9%, indicating steady growth and favorable conditions for the decompression toys market.
The decompression cube dominates the product type category in the decompression toys industry, with a market share of 38.6%.
With a market share of 38.6% in the material type category, rubber emerges as the dominant sector.

What are Key Players Doing to Thrive in the Decompression Toys Market?

The competition in the decompression toys industry is dynamic and evolving, characterized by established players and emerging brands. Several companies are actively engaged in the production and distribution of decompression toys, aiming to capture a significant share of the market.

Key players in the industry employ various strategies to gain a competitive edge. This includes product innovation, where companies continuously introduce new designs and features to attract customers. They focus on creating toys that offer effective stress relief and relaxation, incorporating unique sensory experiences and engaging tactile elements.

Brand reputation and customer trust play a crucial role in the competitive landscape. Established companies with a strong brand presence often enjoy a loyal customer base and benefit from extensive marketing efforts. They leverage their reputation to expand their market share and reach a wider audience.

Distribution channels also play a vital role in the competitive landscape. Companies strive to establish strong partnerships with retail outlets, online platforms, and specialty stores to ensure the broad availability and accessibility of their products. Effective supply chain management is crucial for timely delivery and meeting customer demands. Moreover, customer engagement and marketing strategies play a significant role in staying competitive. Brands leverage social media platforms, influencers, and online communities to create brand awareness and engage with their target audience. They focus on building customer relationships through interactive content, educational resources, and personalized experiences.

Key Players

Chang Qing Shu Toys
Antsy Labs
Tangle Creations
Lego
MOKURU
Bandai America Incorporated
Zuru Toys
Shenzhen Belxin
Qingdao Brilliant International
Yiwu Flybear Toy Company Limited
Crazy Aaron Enterprises Inc.
Auldey

Complete Market Review: A Full Report Analysis

Key Segments Profiled in the Decompression Toys Industry Survey

by Product Type:

Decompression Cube
Decompression Gyro
Decompression Magnetic Fluid

by Material Type:

Plastic Decompression Toys
Rubber Decompression Toys
Fabric Decompression Toys
Metal Decompression Toys
Wood Decompression Toys

by Brand:

Generic
Shivsoft
Juliana
Premsons
Trinkets

by Price:

Under US$ 25
US$ 25 to US$ 50
US$ 50 to US$ 100
US$ 100 to US$ 200
US$ 200 & Above

by Region:

North America
Latin America
Europe
Asia Pacific
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.

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Global Mesotherapy Market Poised for Significant Growth, Expected to Reach USD 768 Million by 2032

The global mesotherapy market, valued at USD 154.8 million in 2022, is on a trajectory of remarkable expansion, with projections indicating it will soar to USD 768 million by 2032. This impressive growth reflects a robust compound annual growth rate (CAGR) of 17.5% between 2022 and 2032.

Mesotherapy, a non-invasive procedure characterized by lower treatment costs, is a major driver behind the market’s expansion. The procedure involves the administration of creams and solutions into the skin with minimal invasion, effectively addressing issues such as stretch marks, hair loss, skin elasticity, pigmentation, and scars. This method’s efficiency and affordability are key factors contributing to its rising popularity.

The increasing number of institutes offering mesotherapy courses and the efforts of the International Society of Mesotherapy to provide comprehensive training further support the market’s growth. The demand for mesotherapy is particularly strong among individuals aged 15 to 65, a demographic increasingly focused on improving their appearance and self-care practices.

Middle-aged individuals, who often face identity challenges in a reclusive phase of life, are turning to mesotherapy as a means of self-improvement and confidence enhancement. This trend is expected to significantly boost market growth during the forecast period.

Future Market Insights (FMI) delves into these trends in its latest market study, ‘Mesotherapy Market’. The study employs a thorough bottom-up approach, combining primary, secondary, and tertiary research to provide an in-depth analysis of market dynamics and future prospects.

“Growing demand to mitigate visible signs of stress and fatigue is anticipated to drive the mesotherapy market’s growth in the coming years,” says an analyst from Future Market Insights.

Key Takeaways from Mesotherapy Market:

Europe holds the largest market share due to exploding middle-aged population and growing concern with regards to aesthetic appearance. Hair loss is one of the major concerns with aging.
The Asia-Pacific is expected to grow at the fastest rate in the mesotherapy market. This could be attributed to growing awareness regarding affordable procedures related to mesotherapy.
North America holds the second-largest market share with the US witnessing an exorbitant rise in demand for mesotherapy solutions.

Competitive Mesotherapy:

Koru Pharmaceuticals, in December 2021, did introduce Mesohemp. This cosmetic line is abreast with green hemp (belonging to Korea). These products consist of Cannabis Sativa Seed Oil. It could cater to demand for anti-inflammation, anti-aging, and stress-related skin disorders.
Galderma laboratories, L.P., in January 2022, did acquire ALASTIN Skincare, Inc. as a step toward production of clinically tested practitioner skincare solutions.
The last few years have seen players like Dermoaroma, Mesoskinline, Dermaqual, Messoessence, and Perse Belle as novel entrants of late; who do offer mesotherapy products.

What does the Report say?

The research study is based on type (mesotherapy solutions, mesotherapy masks, mesotherapy creams, mesotherapy devices, and others), application (anti-aging, facial rejuvenation, stretch marks, acne & scar treatment, fat loss, hair loss, and likewise), and end-use (hospitals, dermatology & cosmetic clinics, and other end-uses).
With middle-aged population looking for aesthetics, the global mesotherapy market is likely to grow on an astonishing note in the forecast period.

Stay Ahead with Mesotherapy: Delve into Our Full Report for Extensive Trends and Insights!

Competitive Analysis:

Some of the key companies operating in the mesotherapy market include Koru Pharmaceuticals Co. Ltd., AbbVie Inc., Galderma Laboratories, L.P., Mesoskinline, Institute BCN, Fusion Meso, and Mesoestetic.

Market Segments Covered in Mesotherapy Market Analysis

By Type:

Mesotherapy Solutions
Mesotherapy Masks
Mesotherapy Creams
Mesotherapy Devices
Other Types

By Application:

Anti-aging
Facial Rejuvenation
Stretch Marks
Acne & Scar Treatment
Fat Loss
Hair Loss
Other Applications

By End-use:

Hospitals
Dermatology & Cosmetic Clinics
Other End-uses

By Region:

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

Author By:

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

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

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

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Aquarium & Fish Bowls Market: Sales Projection Indicates 5.1% CAGR by 2033 | Says FMI

According to recent findings from Future Market Insights (FMI), the market for aquariums and fish bowls is valued at US$ 1.61 billion in 2023. It is expected to grow to US$ 2.65 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2033. The market share of aquariums and fish bowls within the broader Fish Tank Market ranges from approximately 8% to 12%

Key Trends Driving Sales Of Aquarium & Fish Bowls In The Global Market

The expansion of the aquarium and fish bowls market is driven by the increased preference among millennials for attractive aquarium fish with vibrant colors, aligning with their high-end lifestyle choices.
Ornamental fish offer numerous advantages to consumers, contributing to the high demand for aquariums and fish bowls.
Popular tranquil fish with beautiful colors include Betta Fish (Siamese fighting fish), Goldfish, Guppy, and Cory Catfish, among others.
The rising demand for specific varieties of fish contributes to the growing popularity of fish tanks and aquariums.
Sales of fish tank water additives present lucrative growth prospects for the aquarium and fish bowls market, as they help extend the lifespan of fish in simulated conditions.

The number of people keeping pets, including fish, as companions has been steadily increasing. Aquariums and fish bowls are popular choices for housing and displaying fish due to their affordability, convenience, and aesthetic appeal. The rise in pet ownership directly contributes to the demand for aquariums and fish bowls.

The aquarium industry has seen technological advancements. Improved filtration systems, energy-efficient lighting, and automated feeding systems have been developed. These advancements make aquariums easier to maintain. They create a more accessible and enjoyable experience for hobbyists. Consequently, they drive the aquarium & fish bowls market growth.

Social media platforms and online communities cater to aquarium enthusiasts. They provide a space to share experiences and knowledge and showcase aquarium setups. This digital presence has played a significant role in popularizing the hobby. Moreover, public aquariums and tourist attractions showcase large-scale aquatic displays. They capture public interest and fascination with marine life. These establishments inspire visitors to think about having their own aquariums. As a result, there is an increased demand for aquariums and fish bowls.

The rise of online retail and e-commerce platforms has expanded the accessibility and availability of aquarium and fish bowl products. Customers can easily access a diverse selection of products, including different shapes, sizes, materials, and styles of aquariums and fish bowls. Additionally, online platforms often offer comprehensive product information, guidance, and customer support to assist buyers in making informed decisions. This trend has opened up new opportunities for both established brands and emerging players in the market.

Planted tanks have gained momentum since they offer a more natural and visually appealing environment for fish, mimicking their natural habitats. Live plants improve water quality by absorbing nitrates and producing oxygen, and create a balanced ecosystem within the aquarium. Additionally, live plants contribute to the overall aesthetics of the tank, enhancing its visual appeal. As people become more conscious of the well-being of their fish and the overall beauty of their aquariums, the demand for planted tanks is expected to rise.

The popularity of reef aquariums has been rising for the past few years. The growth of this trend can be attributed to advancements in reef aquarium technology, including improved lighting systems, filtration methods, and water chemistry control. Additionally, the availability of captive-bred coral species and sustainable collection practices has contributed to the popularity of reef aquariums among marine enthusiasts.

Saltwater aquariums have gained popularity among enthusiasts who are willing to invest time and resources to create a captivating and vibrant underwater ecosystem. With advancements in technology and improved accessibility to equipment and information, more hobbyists are venturing into saltwater aquarium keeping. This trend is projected to drive the aquarium & fish bowls market growth as more people seek to set up and maintain saltwater aquariums.

There is a growing emphasis on sustainable and eco-friendly products in consumer markets. This trend extends to the aquarium industry as well. Manufacturers are developing products using recycled materials and energy-efficient components. They also promote responsible fishkeeping practices. The focus on sustainability attracts environmentally conscious consumers. It contributes to the growth of the aquarium market.

Key Takeaways from the Aquarium & Fish Bowls Market

The aquarium & fish bowls industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 4.7% through 2033.
The United States held a 32.1% share of the global aquarium & fish bowls industry in 2022.
With a CAGR of 7.2% over the forecast period, India is predicted to develop rapidly in the aquarium & fish bowls industry.
In 2022, Japan had a 5.2% share of the global aquarium & fish bowls industry.
China’s aquarium & fish bowls industry is expected to flourish speedily, registering a CAGR of 6.8% over the forecast period.
Germany accounted for 6.1% of the global aquarium & fish bowls industry in 2022.

Competitive Landscape in the Aquarium & Fish Bowls Market

Key players are focusing on various strategies to maintain their competitive edge and cater to the evolving needs of consumers. They are investing in research and development to introduce innovative and technologically advanced products that enhance the overall aquarium experience.

Key players are also expanding their product portfolios to offer a wide range of options, including different sizes, shapes, materials, and designs, to cater to diverse customer preferences. Additionally, they are actively involved in marketing and promotional activities to create awareness about their products and attract potential customers. Moreover, these players undertake marketing strategies, partnerships, and collaborations to expand their distribution networks and reach a wider customer base.

Recent Developments by Key Players

Abu Dhabi opened the largest multi-species aquarium in the world in May 2023. The aquarium is a component of SeaWorld Abu Dhabi, which Miral is building.
The revolutionary project AQVERIUM, India’s First Digital Water Bank, was introduced in Bengaluru, Karnataka, in March 2022 to improve water management.

Complete Market Review: A Full Report Analysis

Market By Category

By Product Type:

Aquarium
Fish Bowl

By Material Type:

Glass
Acrylic
Plastic
Others

By Shape:

Rectangle
Corner Pentagon
Bow front
Cylinder
Flat Back Hexagon
Quarter Cylinder

By Capacity:

Up to 5 gallons
Up to 10 Gallons
Up to 20 Gallons
Up to 40 Gallons
Over 40 Gallons

By Application:

Commercial
Residential

By Sales Channels:

Wholesale distributors
Specialty Stores
Aquarium shops
Pet Care Shops
Online Retailers
Other Sales Channel

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.

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Pet Daycare Market is Projected to Reach USD 8.84 Billion by 2033 | Report By FMI

The market survey by FMI indicates that the net value of the worldwide pet daycare business reached nearly USD 3.74 billion in 2022. The demand for pet daycare services is predicted to be around USD 4.06 billion in the current year, 2023. Furthermore, this sector is anticipated to increase at an astonishing CAGR of 8.1% from 2023 to 2033, concluding at USD 8.84 billion.

The pet daycare sector has grown to become a go-to resource for pet owners looking for specialized, safe, and entertaining services for their pet animals. It’s a definite sign that pet owners all across the world are realizing how crucial it is to provide them with the best care and enrichment. Moreover, pet owners are particularly looking for reputable businesses to make sure their animals get the care, exercise, and socializing they require during the day as their schedules get busier.

The services provided by pet daycare facilities include training, playing, grooming, and even specialty activities catered to the individual requirements of each pet. So, to make sure their furry friends receive the greatest care possible, pet owners are now spending more on upscale daycare facilities for them. Also, the role of pet daycare services in lowering behavioral concerns and enhancing general physical and emotional well-being for dogs is fueling this trend.

The increased humanization of pets has significantly influenced the global demand for pet daycare services. The welfare and happiness of pets are of the highest significance as they are becoming more and more regarded as family members. Finally, as more people and families acquire pets, there can be an increasing demand for pet daycare services in the coming days.

Key Takeaways from the Pet Daycare Market Study Report

North America and Europe have a sizable pet ownership population, a strong pet care culture, and a willingness to spend money on top-notch services. According to FMI, they contributed nearly 39.4% and 28.3% of the global market share in the year 2022.
The adoption of pet daycare services in the United States is higher as it alone contributed to nearly 35.5% of the global revenue in 2022.
In Europe, Germany is performing better, having some leading market players in this sector, and held 8.6% of the global market share in 2022. However, the demand for pet daycare services in the United Kingdom is expected to grow at a faster rate of 7.2% through 2033.
With increased pet ownership rates, urbanization, and a growing middle class, the Asia Pacific is quickly becoming a lucrative region for pet daycare businesses. China and India are particularly notable in this regard and are anticipated to register 9.6% and 10.3% CAGRs, respectively, through 2033.

Recent Developments by the Pet Daycare Service Providers

PACo, Camp Bow Wow, Dogtopia, Preppy Pet, Barkefellers, Country Paws Boarding, Camp Run-A-Mutt, Paradise 4 Paws, Preppy Pet, PetBacker, and PetSmart are some top players.

In February 2023, Rover, a well-known pet-sitting and dog-walking app, announced that it had acquired PetBacker Company. Through the acquisition of its Southeast Asian pet-sitting and dog-walking platform, Rover expects to be able to access new markets.

In April 2023, the American Kennel Club (AKC) announced that it was collaborating with Wag! to provide pet-sitting and dog-walking services to its members. The collaboration aims to make it simpler for AKC members to locate assistance for caring for their pet dogs or cats.

Complete Market Review: A Full Report Analysis

Key Companies Profiled

PACo LLC
Carey Pet and Home Care
Best Friends Pet Care Inc
Camp Bow Wow
Dogtopia
Preppy Pet
Royvon Dog Training & Hotels
Barkefellers
Country Paws Boarding
Puss ‘n’ Boots Boarding Cattery
Urban Tails Pet Resort
Camp Run-A-Mutt
Pet Station Kennels & Cattery
Paradise 4 Paws LLC
Preppy Pet Franchises Inc.
Country Comfort Kennels
PetBacker
PetSmart Inc.

Competitive Landscape

Some of the major companies are involved in several strategies such as collaborations, mergers, and acquisitions to maintain their market position. Moreover, they are expanding their presence and are opening many more pet care facilities across the globe.

For Instance:

In July 2022, Dogtopia announced that it would open second San Antonio location om city’s far Northwest side.
In 2019, PetBacker started providing guilt-free tours to the pet parents which will arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.

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.

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Processed Fruit and Vegetable Industry Set to Achieve USD 107.5 Billion Valuation Worldwide by 2034

Preserving food and vegetables using natural preservatives and additives, to extend their shelf lives, is a practice embraced by our ancestors since the beginning of time. Modern processing units, too, work on the same lines, with few adaptions here and there. The processed fruit and vegetable market (Markt für verarbeitetes Obst und Gemüse), currently valued at US$ 74,134.8 million, holds prospects of a bright future in the coming years.

The internet and eCommerce boom in emerging economies has made the general population come across a plethora of foreign fruits and vegetables from international marketplaces. This is said to take the market to a staggering US$ US$ 107,500.4 million by the year 2034. Countries like India, China, Spain, Egypt, Tunisia, etc., which are known for their high-quality fruits and vegetables, are some of the most lucrative markets.

The processed fruit and vegetable market is currently rising in the sustainability wave, with companies embracing sustainable harvesting, procuring, processing, and packaging of processed fruits and vegetables. The market is slated to develop at a CAGR of 3.80% during the forecasted period. Besides this, consumer demand to eat certain fruits throughout the year is also augmenting the market growth in the past few years.

“There are still a lot of concerns regarding the nutritional values of processed fruits and vegetables. Companies in the market must plan their marketing strategies accordingly so that they win back the trust of the general populace again”, opines an FMI analyst.

Key Takeaways from the Market Study

The fruits segment dominates the processed fruit and vegetable market with a share of 52.30% in 2024.
Based on product, the frozen segment leads the processed fruit and vegetable industry with a share of 25.60% in 2024.
The processed fruit and vegetable industry in India is anticipated to progress at a CAGR of 8.60% through 2034.
The processed fruit and vegetable market in Germany is estimated to rise at 7.10% CAGR through 2034.
The processed fruit and vegetable industry in Japan has the potential to increase at 8.30% CAGR through 2034.
The United States processed fruit and vegetable industry is predicted to rise by 6.70% CAGR through 2034.
The processed fruit and vegetable market in China is very likely to progress at a CAGR of 7.90% through 2034.

Competitive Landscape

The processed fruit and vegetable market is mature with several local and international companies having a strong foothold.

eCommerce platforms in emerging economies have drastically changed the market dynamics.
Kellogg NA Co., Bühler, Welch’s, Sysco Corporation, Mott’s LLP, Krones AG, BonduelleTop of Form, etc., are some of the major players in the global processed fruits and vegetables market.
Companies are now directly supplying fruits and vegetables to supermarkets and food chains.

Recent Developments:

In November 2023, a joint venture between NADEC and Del Monte was established in Saudi Arabia. The primary aim of the joint venture was to increase the production and distribution of fresh commodities, including fruits, vegetables, and juices. NADEC secured a 37.5% stake in the new company, which specialized in various products.
In March 2024, AgriNurture, Inc. completed its acquisition of Freshness First Pty. Ltd., an Australian firm. The acquisition process had been initiated nearly five years prior, and ANI now has full control over the company. The deal, which was announced in October 2018, was finalized for AUS $1.00.

Key Companies

Kellogg NA Co.
Bühler
Welch’s
Sysco Corporation
Mott’s LLP
Krones AG
Bonduelle
USA Foods
Dole Foods
Jr. Simplot

In-Depth Market Analysis: A Complete Report

Key Segments Covered in the Processed Fruit and Vegetable Market

By Type:

Fruits
Vegetables

By Processing Equipment:

Processing
Pre-processing
Seasoning
Washing
Filling
Packaging

By Product:

Fresh
Canned
Fresh-Cut
Drying & Dehydration
Frozen

By Region:

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

About Future Market Insights (FMI)

Contact FMI: