Market Research Blog – Page 1450 – New Product Development

Global Poultry Feed Market Outlook: Key Players, Production Trends, Pricing Insights, and Revenue Projections Through 2033

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

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

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

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

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

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

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

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

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

Key Points from the Poultry Feed Market

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

Key Developments in the Poultry Feed Market

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

In-Depth Market Analysis: A Complete Report

Poultry Feed Market by Key Segment

By Livestock:

Layers
Broilers
Turkeys

By Nature:

Conventional
Organic

By Feed Type:

Corn
Wheat
Barley

By Form:

Granules
Pellets
Powder

By Regional:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Plant-Based Yogurt Market Poised for Explosive Growth: Health Trends to Push Value to USD 15.4 Billion by 2033 | FMI

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

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

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

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

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

Key Takeaways from the Plant-based Yogurt Market

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

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

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

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

Top Brands in the Plant-based Yogurt Market

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

Recent Developments in the Plant-based Yogurt Market

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

Comprehensive Market Insights: Full Report Overview

Plant-based Yogurt Market Segmentation

By Nature:

Conventional
Organic

By Product Type:

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

By Flavor:

Regular
Vanilla
Strawberry
Blueberry
Cherry
Peach
Raspberry
Coconut
Coffee
Others

By Price Range:

Economic
Mid-Range
Premium

By Sales Channel:

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

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

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

CBD Oil Industry Forecasted to Grow at 31% CAGR through 2033 | FMI

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

The primary reasons propelling the market’s growth include rising demand and expanding legalization of cannabis, emerging applications of cannabis in cancer treatment, and the health advantages provided by products infused with cannabis. In the upcoming years, there are likely to be considerable development prospects for market participants due to the inclusion of cannabis in pet food and the rising demand for beverages with cannabis flavoring.

Cannabis is also the illicit substance that is grown, transported, and misused the most extensively worldwide. Broad cannabis use, both for recreational and therapeutic purposes, has received increasing acceptability across the United States, as indicated by legislative actions, ballot measures, and public opinion polls. In particular, a recent Quinnipiac University poll found that 55% of the United States people surveyed supported cannabis legalization without any new restrictions. Comparatively, 82% of survey participants supported the decriminalization of cannabis for medical use. Demand will progressively rise as legalization continues to spread globally, boosting the expansion of the CBD-infused products market as a whole.

Competitive Background:

The key players operating in the CBD oil market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the CBD oil market. As a result, market participants are likely to have a better overall revenue share in the global CBD oil market.

Key Takeaways:

The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.
The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.
The CBD oil market is predicted to record a CAGR of 31% through 2033.
The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.
The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

Significant Players in the Market Include:

CV Sciences
Medical Marijuana
Aurora Cannabis
Canopy Growth Corporation
Canntrust
Tilray
Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.
One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

Detailed Market Study: Full Report and Analysis

Key Segments Covered in CBD oil Market Study

Product Type:

Hemp Oil
Marijuana Oil

Application:

Pharmaceuticals
Food & Beverages
- Gummies
- Chewing Gums
- Chocolate bars
- Candies
- Beverages
- Dairy Products
- Bakery Products
- Snacks
Cosmetics
Others

Distribution Channel:

Direct/B2B
Indirect/B2C
Hospital Pharmacy
Retail Pharmacy
Hypermarkets/Supermarkets
Convenience Store
Online Retail
Others

Region:

North America
Latin America
Europe
South Asia
East 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:

Coffee Ground Market Expected to Hit USD 1,772.80 Million Valuation by 2034 | FMI

The coffee grounds market is estimated to be worth US$ 639.9 million in 2024. Production of coffee grounds is tied up with the production of coffee and the demand for the product too is amplifying with the greater number of younger people indulging in the drink. The need to manage and recycle coffee waste is also raising the profile of coffee grounds.

Through the year 2034, coffee grounds demand is set to progress at a CAGR of 10.7%. The market’s growth over the coming years is attributed to the use of coffee grounds in industries such as agriculture and cosmetics. Household use of coffee grounds, to improve the smells of residences or to get rid of fleas in pets, is also marked as a significant improver of demand.

By 2034, it is forecasted that the market value will have reached US$ 1,772.80 million. Trends of recyclable and compostable materials finding more acceptance among consumers are seeing value being added to the coffee grounds market. Surging want for biofuels is also penned in to fuel market growth.

The lack of knowledge among consumers is still seeing a sizable portion of coffee grounds being discarded into the waste heaps, thus limiting the growth of the market. However, social media highlighting the uses of coffee grounds is counteracting this limitation.

Key Takeaways from the Coffee Grounds Market

The coffee grounds market is anticipated to be US$ 639.9 million in value in 2024.
Arabica coffee grounds top the product type segment in the market. For 2024, arabica coffee grounds are expected to account for 66.0% of the market share.
Agriculture sector makes predominant use of coffee grounds. For 2024, the agriculture sector is anticipated to account for 35.5% of the market share.
China is a promising country for the market. The CAGR for China over the forecast period is forecasted to be 11.6%.
Japan is a country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for Japan is pegged at 10.0%.
The market is expected to register a CAGR of 8.7% in Germany over the forecast period.

“By making coffee grounds more widely available, through the means of bundling them with other coffee products, market players are coasting the wave of coffee grounds popularity. Thus, both industrial and household application of coffee grounds is making the market lucrative,” says an analyst at FMI.

Competition Analysis of Coffee Grounds Market

Coffee sector giants are launching coffee grounds as a way to take up the opportunities in the market. Collaborative strategies are being adopted by market players to expand their footprint in the landscape. Some of the prominent companies in the market include Death Wish Coffee Company, Folgers Coffee, Hills Bros. Coffee, and Kicking Horse Coffee.

Key Companies in the Coffee Grounds Market

Death Wish Coffee Company
Folgers Coffee
Hills Bros. Coffee
Kicking Horse Coffee
Peet’s Coffee
Red Thread
Royal Kona
Starbucks Corporation
The Kraft Heinz Company
UCC

Recent Developments in the Coffee Grounds Market

In May 2022, Kaffeeform launched a coffee cup made from coffee grounds, called the Weducer Cup Refined.
In September 2022, Nivea’s face cream containing coffee grounds was launched as part of its Naturally Good range.

Exhaustive Market Report: A Complete Study

Key Segments

By Product Type:

Arabica
Robusta
Others (Liberica, Excelsa)

By End Use:

Food & Beverage
Agriculture
Cosmetic & Personal Care
Insecticides & Pesticides
Biofuel

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
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 FMI:

Energy Drinks Market Set for Strong Expansion, Projected to Reach USD 64.9 Billion by 2034

Energy drinks, erstwhile, only consumed and even marketed for the athletic community, have made their place in the shopping baskets of every household. The market, with a staggering revenue of USD 38,300 million, has reached its all-time peak in 2024. With the advent of plant-based and non-dairy energy drinks, the market is very likely to flourish in the coming future.

The need for instant refueling of energy, especially in the younger demographics, is shaping the future of this market. With the proliferation of influencer brands in developed countries like the United States, the United Kingdom, and India, this global valuation is slated to surpass USD 64,876 million by 2034.

Considering the rising number of people dealing with chronic diseases, brands in developed countries are also introducing zero-calorie or no-fat energy drinks. In countries like Japan, Germany, China, etc., where the growing aging population is the key concern, these types of strategies are very likely to strengthen market growth. The market is expected to grow at a modest CAGR of 5.40% through 2034.

“Sustainability of energy drinks bottles and tetra-packs is still a major concern in this market. Companies involved must embrace sustainable packaging and disposable of energy drinks bottles to cater to the demand of eco-conscious consumers and businesses”, opines an FMI analyst.

Key Takeaways from the Market Study

The RTD segment dominates the global energy drink market with a share of 66.40% in 2024.
Based on product type, the caffeinated segment leads the energy drink market with a share of 76.50% in 2024.
The energy drink market in India is anticipated to grow at a CAGR of 7.60% through 2034.
The energy drink market in Germany is estimated to rise at a 5.60% CAGR through 2034.
The energy drink market in Japan has the potential to increase at 6.10% CAGR through 2034.
The United States energy drink market is predicted to rise by 5.00% CAGR through 2034.
The energy drink market in China is very likely to grow at a CAGR of 7.00% through 2034.

Competitive Landscape

The global energy drinks market is highly competitive and consists of numerous international and domestic brands. Initially targeting athletes, these brands have expanded their consumer base over time.

The rise of eCommerce and last-mile delivery services has made it easier for international brands to reach consumers in developing and underdeveloped countries. The market is dominated by prominent companies such as Monster Beverage Corp., Kraft Foods Inc., The Gatorade Company, Inc., PepsiCo Inc., Coca-Cola Co., Red Bull GmbH, Nestlé S.A., Carlsberg A/S, NEALKO ORAVAN, spol s.r.o, Kabisa B.V., Suntory Holdings Ltd., etc. These companies have established a strong global presence and have expanded their consumer reach across international borders over time.

Extensive Market Research: Complete Report and Findings

Recent Developments

Sprecher Brewing Co. entered the energy drinks market by acquiring Juvee from 100 Thieves in January 2024.
Monster Energy Ultra launched its new flavor, Fantasy Ruby Red, through an AR experience in March 2024.
Tata Consumer Products entered the energy drink market in September 2023 with Say Never Energy Drink, endorsed by James Blake.
Prime Energy drink, founded by YouTubers Logan Paul and KSI, became the official drink of the LA Lakers in March 2024.

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
LinkedIn| Twitter| Blogs | YouTube

Ready-to-Drink Beverage Market Poised for Major Expansion, Expected to Hit USD 430.30 Billion by 2034

The ready-to-drink beverage (RTDs) market value is expected to rise from US$ 206.25 billion in 2024 to US$ 430.30 billion by 2034. This market is analyzed to propel ahead at a CAGR of 7.60% over the next decade.

Industry players are strategizing for growth by increasing their college campus presence via nutrition-promoting programs. In addition, players are progressively working with collegiate sports programs and NIL athletes to give a boost to their brand awareness and promote product affinity.

With growing busy consumers in metropolitan cities, RTD beverage brands are promoting themselves as a lifestyle brand. These brands attune their products to consumers’ values, like freedom, wellness, and authenticity, to sell their products.

Key players offering energy RTDs, like the America-based Celsius, are building a strong foundation of loyal customers, typically found within the fitness community who increasingly consume energy boosters. Customers for these brands are gravitating toward their brands’ offerings because of the authenticity and support that they extend to fit lifestyle culture.

Energy RTD beverages make for a great gym partner, study partner, and get-through-your-shift partner as they quench thirst and give an instant surge of energy. Another noted driver for the energy drinks category under the RTD industry is that functional drinks can be paired with meals and food as they taste appetizing, that too without containing sugar content.

The alcoholic ready-to-drink beverage is also gaining momentum in developed and developing countries alike. Their sales are supported by increasing tourism activities and the expanding trend of celebrating everyday moments, packed in a convenient and portable bottle. The growth of alcoholic RTDs in developing countries is a testament to shifting consumer preferences.

“Key players are expanding their presence the world over, by gradually expanding their operations and searching for opportunities and demand outside their homeland. Additionally, players who are agile in responding to the latest consumer preferences and trends are expected to have an advantage over their peers,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Key Takeaways from the Ready-to-drink Beverage Market Report

The ready-to-drink beverage market share was US$ 150.92 billion in 2019. From 2019 to 2023, the market registered a CAGR of 7.10%.
By product type, the coffee segment is predicted to occupy a value share of 21.5% in 2024.
Based on nature, the conventional segment is expected to exercise dominance in the global market, obtaining an 86.5% share in the market.
Regionally, the consumption patterns indicate that demand for ready-to-drink beverages is expected to be higher in emerging countries than in developed markets.

Latest Developments in the Global Ready-to-drink Beverage Market

In November 2023, Kirin Hyoketsu, Japan’s best-selling RTD, made its way to New Zealand. The beverage brand made its Kiwi debut with signature Lemon flavour which is a blend of soda, vodka, and frozen natural lemon juice.
In October 2022, Radico Khaitan introduced ready-to-drink options for the vodka brand. In the years to follow, the company shared that it was going to produce three variants, including cola, cosmopolitan, and mojito. At present, the products are sold in Karnataka, followed by Maharashtra, Goa, and Daman & Diu.
In December 2023, Coca-Cola India announced the testing of Lemon-Dou in India, which is a ready-to-drink alcoholic beverage.

Enlisted Below are Some Top Market Players

Diageo plc
Brown-Forman
Bacardi Limited
Asahi Group Holdings, Ltd.
Pernod Ricard
Halewood Wines & Spirits
SHANGHAI BACCHUS LIQUOR CO., LTD.
Suntory Holdings Limited
Manchester Drinks Company Ltd.
Anheuser-Busch InBev
Others

Full Market Assessment: Comprehensive Report

Market Segmentation of Ready-to-drink Beverage Products

By Product Type:

Tea
Coffee
Energy Drinks
Yogurt Drinks
Dairy-based beverages
Non-Dairy Based Beverages
Fortified Water
Others

By Nature:

Organic
Conventional

By Packaging:

Bottle
Tetra Pack
Sachet
Tin Can
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Grocery Stores
Speciality Stores
Online retail

Different Regional Markets are as Follows:

North America
Europe
Asia Pacific
Middle East and Africa
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 FMI:

Global Value-Based Healthcare Service Market Poised for Remarkable Growth, Projected to Reach USD 6,184.2 Million by 2034 grow at a 6.5% CAGR

The global value-based healthcare service market is experiencing robust growth, with revenues expected to reach approximately USD 3,281.2 million in 2024. According to recent industry reports, this growth is driven by the rising adoption of value-based care models and is projected to expand at a compound annual growth rate (CAGR) of 6.5% over the forecast period.

Analysts forecast that by 2034, the market will generate substantial revenues of USD 6,184.2 million. This surge reflects the increasing global recognition and adoption of value-based care approaches. The growing demand for value-based healthcare services is largely attributed to a strong consumer preference for improved patient care and enhanced customer satisfaction. The recent pandemic has further highlighted the importance of value-based delivery models and has heightened awareness around pay-for-performance healthcare trends.

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

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

Key Insights from the Market Study:

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

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Competitive Landscape:

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

Recent Developments:

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

Key Companies:

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

Market Segmentation:

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

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:

Global Oxytocin Market Set for Rapid Growth, Projected to Reach USD 164.9 Million by 2030

The global oxytocin market is on a trajectory of substantial growth, according to the latest projections from Future Market Insights. By 2030, the market is expected to soar to a projected value of USD 164.9 million, marking a robust compound annual growth rate (CAGR) of 9.0%. This growth momentum builds upon the estimated market valuation of USD 83.0 million in 2022.

Oxytocin, renowned for its dual role as a hormone and neurotransmitter, is gaining increasing recognition for its diverse physiological applications. Its expanding usage across various healthcare and related sectors is a key driver behind the market’s upward trend. Particularly notable is the rising demand for oxytocin in therapeutic and pharmaceutical applications, notably within the postpartum segment.

“This projected growth underscores the expanding role of oxytocin in enhancing healthcare outcomes globally,” commented FMI. “As advancements in medical research continue to highlight its therapeutic benefits, the market for oxytocin is poised for significant expansion.”

The increasing adoption of oxytocin in medical settings, coupled with growing awareness about its therapeutic advantages, is expected to fuel market growth over the forecast period. FMI in the healthcare and pharmaceutical industries are urged to capitalize on these emerging opportunities to innovate and meet the rising demand for oxytocin-based therapies.

Key factors driving the growth of the oxytocin market include:

Expanding Healthcare Applications: Oxytocin’s versatility in addressing various physiological processes is driving its adoption across a wide range of healthcare applications.
Rising Demand in Postpartum Care: The increasing emphasis on maternal health and well-being is fueling the demand for oxytocin-based therapies and pharmaceuticals, particularly in postpartum care.
Innovations in Pharmaceutical Formulations: Pharmaceutical companies are innovating new formulations and delivery methods to enhance the efficacy and accessibility of oxytocin-based treatments.
Growing Awareness and Education: Heightened awareness about oxytocin’s benefits and potential therapeutic applications is fostering its acceptance among healthcare professionals and consumers alike.

As the oxytocin market continues to evolve, stakeholders are encouraged to invest in research and development initiatives to unlock new opportunities and address emerging healthcare challenges.

Key Takeaways:

Postpartum hemorrhage (PPH) solutions to comprise nearly 90% of the revenue share in 2020 by product type
Hospital pharmacies remain key distribution channels, online pharmacies’ popularity to widen
Opportunities abound across the Middle East & Africa (MEA) owing to rising PPH incidence in Africa
Global oxytocin market is projected to reach USD nearly USD 165 Million by 2030

“Government initiatives to promote women and children’s health are bolstering global efforts to improve maternity care across healthcare settings, thereby opening significant growth avenues for the global oxytocin market,” comments the FMI analyst.

Therefore, efforts are being made towards ensuring adequate and proper treatment to pregnant women across all regions. Furthermore, oxytocin has also been touted as an effective anti-viral agent, thus raising optimism that it could be effectively leveraged to promote drug or vaccine development.

The National Center for Biotechnology Information hypothesizes that oxytocin contains dipeptidyl peptidase-4 (DPP4) protease inhibitors could be effective against the existing novel coronavirus strain. It further propagates that enhancing endogenous oxytocin levels could increase viral resistance and improve health of vulnerable groups.

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Competitive Landscape Oxytocin Industry:

Pfizer Inc.
Novartis AG
Ferring B.V.
Fresenius Kabi LLC
Hikma Pharmaceuticals PLC
Endo International plc. (Par Sterile Products, LLC)
Teva Pharmaceutical Industries Ltd.
Mylan N.V.
Wockhardt Ltd.
Sun Pharmaceutical Industries Ltd.
Yuhan Corporation

The market is highly fragmented, peppered with numerous regional and global level market players. These players largely concentrate on forging strategic collaborations with existing players, regional distributors, product launches and acquisitions. Most players are concentrating on offering anesthetic oxytocin solutions to reduce labor induced complications for C-section operations.

Key Market Segments Covered in Oxytocin Industry Research:

By Product:

Antepartum
Postpartum

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies

By Region:

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

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

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Global Microbial Therapeutic Products Market Set to Reach USD 30.55 Billion by 2030, Driven by Growing Antimicrobial Resistance

The global microbial therapeutic products market is on track to achieve significant growth, with projections indicating a rise from USD 17.11 billion in 2022 to USD 30.55 billion by the end of 2030. This growth is expected to occur at a robust compound annual growth rate (CAGR) of 7.5%, according to the latest report by Future Market Insights (FMI).

The FMI report provides a comprehensive analysis of the market’s trajectory, highlighting key trends and drivers. Central to this expansion is the escalating burden of antimicrobial resistance (AMR), which is prompting increased demand for innovative microbial therapeutic solutions. The World Health Organization has reported troublingly high resistance rates to antimicrobials used for treating conditions such as urinary tract infections and certain types of diarrhea, exacerbated by the COVID-19 pandemic. This scenario underscores the urgent need for breakthroughs in microbial therapeutics.

Key Insights from the Report:

Product Trends: Anti-cancer agents are projected to capture nearly 30% of the market revenue by the end of 2020, fueled by significant research advancements.
Administration Routes: Injection pens are expected to represent 40% of sales due to heightened patient hygiene concerns.
Source Preferences: Bacteria-based microbial therapeutics are anticipated to remain the dominant source.
Application Focus: Oncology will continue to be the primary application area for microbial therapeutic products, expanding at a year-over-year rate exceeding 5%.
End Users: Hospitals will remain the main end-users of microbial therapeutics, driven by their advanced infrastructure capabilities.
Regional Dynamics: North America is set to maintain its market leadership, while East Asia is expected to emerge as the fastest-growing region.

“The ongoing efforts by prominent manufacturers to secure regulatory approvals and enhance research and development activities are crucial in addressing the growing challenges posed by antimicrobial resistance,” says an FMI analyst.

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Competitive Landscape:

Key players in the microbial therapeutic products market are focusing on regulatory approvals, strategic partnerships, and collaborations to capture substantial revenue shares. Noteworthy companies in this sector include Dr. Reddy’s Laboratories, Pfizer Inc., Sanofi SA, Merck & Co. Inc., Novartis AG, Novo Nordisk A/S, Abbott Laboratories, and Amgen Inc.

Recent strategic moves include:

Dr. Reddy’s Laboratories: In November 2020, the company entered into an agreement with Glenmark Pharmaceuticals Ltd. to acquire its anti-allergy brands, expanding their market presence in Russia, Kazakhstan, and Uzbekistan.
Novo Nordisk: In December 2020, Novo Nordisk acquired Emisphere Technologies, enhancing its capability to scale up the production of its GLP-1 receptor agonist seaglutide.

Market Segmentation:

By Product: Growth Factors, GCSF, Peg GCSF, Exenatide, Anti-cancer Agents, Immunosuppressants, Enzymes, and Others.
By Route of Administration: Single-use Pre-filled Injection/Injector Pens, Multi-use Injectors, and Others.
By Source: Bacteria and Fungi.
By Application: Metabolic Disorders, Haematological Disorders, Oncology, Immunological Disorders, Infectious Diseases, Allergic Diseases, and Others.
By End User: Hospitals, Pharmaceuticals & Biopharmaceutical Companies, and Research & Academic Institutions.

About Future Market Insights (FMI)

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

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Global Poultry Diagnostics Market Set to Soar: Projected to Reach USD 1.6 Billion by 2033

The global poultry diagnostics market is on the brink of a significant expansion, with market analysts forecasting a robust Compound Annual Growth Rate (CAGR) of 10.5% over the next decade. Currently valued at USD 590 million in 2023, the market is expected to surge to an impressive USD 1.6 billion by 2033.

This remarkable growth is fueled by several critical factors poised to shape the market’s future landscape. The increasing prevalence of poultry diseases, coupled with the rising incidences of zoonotic infections, is driving the demand for advanced diagnostic solutions. These health challenges necessitate innovative diagnostics to safeguard poultry health, making them essential tools in disease prevention and management.

The emergence of animal health information portals, particularly in developed economies, is anticipated to further accelerate market growth. These platforms allow veterinary hospitals to seamlessly share vital health information online, facilitating improved communication among veterinary professionals, academics, and poultry farmers. This development not only enhances the dissemination of crucial health data but also fosters collaboration in combating poultry diseases.

As the poultry diagnostics market continues to evolve, industry stakeholders are set to benefit from the enhanced capabilities and expanded reach of diagnostic solutions. The integration of advanced technology and the growing emphasis on animal health are key drivers propelling the market forward, ensuring a healthier future for poultry populations worldwide.

Key Takeaways: Poultry Diagnostics Market

The poultry diagnostics market is expected to grow at a CAGR of 10.5%, reaching USD 1.6 billion by 2033.
The market leads in North America, accounting for 10.3% of sales, with a projected value of USD 566.9 million.
Farmers can leverage animal health information portals for preventative diagnostics and disease tracking.
Key players emphasize precise testing and collaboration to build trust.
Molecular methods like PCR and sequencing are preferred for accurate flock health assessment.
Regulatory bodies and universities support disease surveillance and diagnostics initiatives.
The market, valued at USD 67.3 million, is growing at a rate of 9.5%.
Focus is on affordable, reliable diagnostic kits for various diseases.
Ongoing research aims to develop broad-spectrum vaccines against infectious bursal disease virus (IBDV).
A lucrative market, projected to reach USD 114.8 million with a growth rate of 9.9%.
Government initiatives and rising zoonotic diseases drive market expansion.
Machine learning adoption is anticipated for antibiotic resistance (ABR) detection and management.
New diagnostics, such as poultry serum tests, hold promise for broiler farm management.
The market represents 9% of global sales, valued at USD 93.8 million.
Leading players offer advanced diagnostic services to improve poultry health.
The development and production of vaccines and medications for disease prevention are on the rise.
Increasing farm efficiency and production cycles boost demand for poultry diagnostics.

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Competitive Landscape:

The global poultry diagnostics market is characterized by a mix of domestic and international competitors, each commanding significant market shares in their respective specialties. Major companies prioritize developments such as product approvals and the rising incidence of zoonotic and poultry illnesses, which are expected to drive rapid market growth.

Recent Developments:

In March 2018, BioChek introduced the Infectious Bronchitis Virus RNA Test Kit and the Salmonella Enteritidis-Typhimurium-Heidelberg DNA Test Kit for avian sample identification.
In July 2018, Zoetis acquired Abaxis, a leader in veterinary point-of-care testing equipment, to enhance its position in veterinary diagnostics.

Key Players:

Agrobiotek Internacional
Affinitech Ltd.
Biochek
Bioingentech Biotechnologies Inc.
Bionote Inc.
Boehringer Ingelheim GmbH
GD Animal Health
Idexx Laboratories Inc.
IDVet
Megacor Diagnostik GmbH

Market Segmentation:

By Test Type:

ELISA Test
PCR Test

By Disease:

Avian Salmonellosis
Avian Influenza
Newcastle Disease
Avian Mycoplasmosis
Avian Pasteurellosis
Infectious Bronchitis
Infectious Bursal Disease
Avian Encephalomyelitis
Avian Reovirus
Chicken Anemia

By Services:

Bacteriology
Virology
Parasitology

By Region:

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

About Future Market Insights (FMI)

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

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