Market Research Blog – Page 1478 – New Product Development

North America Licorice Extract Market Expansion: How to Capitalize on the Projected USD 155.9 Million by 2033

As per Future Market Insights (FMI), North America licorice extract market(Mercado de Extractos de Regaliz en América del Norte) size will increase from US$ 75.4 million in 2023 to US$ 155.9 million by 2033. Overall licorice extract sales in North America are set to surge at 7.6% CAGR from 2023 to 2033.

Growing consumer interest in herbal remedies is driving the market for licorice extract. In recent years, demand for Chinese herbal medicine has increased, especially in the markets of the United States and Europe.

The market for herbal medicines is expanding rapidly as a result of the popularity of Chinese medicine. This in turn is creating lucrative opportunities for licorice extract producers and suppliers.

Widening applications in the pharmaceutical industry will elevate licorice extract demand in North America market through 2033.

Immune health supplements are becoming more popular among consumers, particularly among youth. The market of licorice extract supplements is largely influenced by increasing concern for overall health.

Youth is more susceptible to immune system disorders such as allergies, asthma, inflammatory illnesses, and others. This increases the demand for immune system supplements across North American countries.

Consumers are becoming more health conscious. As a result, they prefer to include naturally produced plant-based items in their daily diet that are free of sugar and gluten.

Consumption of plant-based substances with a variety of nutritional and health properties is increasing due to consumers’ growing awareness about living healthy lives. The market for licorice extract will be driven by the rising awareness of immunity-boosting supplements.

Key Takeaways from the North America Licorice Extract Market Report:

North America licorice industry market will reach a valuation of US$ 155.9 million by 2033.
Licorice extract sales across North America are likely to soar at 7.6% CAGR through 2033.
In 2023, liquid licorice extract segment will hold 45.2% share, while the capsules licorice extract segment will account for 37.2% share
Chewable tablets segment will witness a healthy CAGR of 10.2% from 2023 to 2033.
By application, digestive health segment holds a prominent market share of 29.4% in North America market.
The USA licorice extract industry will cross a valuation of US$ 139.1 million by 2033.
Licorice extract demand in Canada is forecast to increase at 8.7% CAGR through 2033.

“Rising awareness about the potential health benefits of licorice extract will continue to encourage its adoption across various industries. This in turn will provide impetus to North America market.” says a lead analyst at Future Market Insights (FMI).

Who is Winning?

Swanson, BioMatrix International, Bio-Botanica Inc., PharmaChoice, Horbäach, NOW® Foods, NIKKO CHEMICALS CO., LTD., Carlyle Nutritionals, Hard Eight Nutrition LLC., Nature’s Sunshine Products, Inc. are leading licorice extract producer and suppliers profiled in the report.

Most of these companies are leveraging advanced technologies to increase their production capacities and reduce costs. They are also using strategies such as mergers, partnerships, distribution agreements, acquisitions, and collaborations to solidify their positions.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the North America licorice industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the North America licorice extract market based on form (chewable tablets, capsules, gummies/chews, powder, and liquid) and application (boost energy, brain health, colon health, digestive health, immune support, liver support, and skin health) across the USA and Canada.

Secure Your Copy Now: Gain full access to the North America Licorice Extract Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

North America Licorice Extract Market Segmentation

By Form:

Chewable Tablets
Capsules
- Gelatin
- HPMC
Gummies/ Chews
Powder
Liquid

By Application:

Boost Energy
Brain Health
Colon Health
Digestive Health
Immune Support
Liver Support
Skin Health

By Country:

USA
Canada

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About Future Market Insights (FMI)

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

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Capitalizing on the Future of Single Cell Oils: Unveiling the USD 914.52 Billion Market Potential and Investment Strategies for 2033

The single cell oil market(Mercado de Aceite de Células Únicas) is poised for exceptional growth, with predictions indicating a staggering valuation of US$ 914.52 billion by 2033, marking a monumental CAGR of 25.65% from 2023 to 2033. Single cell oils, derived from microorganisms like fungi, algae, and bacteria, find extensive applications in animal feed, cosmetics, and biofuels, fostering market development. The escalating demand for specialty applications in these sectors propels the market’s robust expansion.

The demand for single cell oils has witnessed a consistent upswing, reaching US$ 74.20 billion in 2022 from a market size of nearly US$ 29.77 billion in 2018. Sustainability concerns have become paramount, driving the adoption of single cell oils recognized for their environmental friendliness and sustainability. Consumers, businesses, and governments are embracing these oils for their essential nutrients, contributing to their demand in the food & beverage, pharmaceutical, and infant food sectors.

Growing Factors

The fungal microorganisms segment is anticipated to experience significant growth, projecting a noteworthy CAGR of 18% from 2023 to 2033. Fungal single cell oils, rich in Polyunsaturated Fatty Acids (PUFAs), align with the increasing consumer preference for healthy food options. PUFAs, including omega-6 and omega-3, provide various health benefits, driving the demand for fungal single cell oils in functional foods and dietary supplements.

The bio-fuel feedstock application segment is set to garner substantial revenues, reaching nearly US$ 9 billion in 2022. Single cell oils serve as an ideal feedstock for biofuels due to their high production rates, resistance to climatic changes, and scalability for industrial processing. Sustainability considerations, such as land use and water consumption, underscore their suitability for biofuel production.

Key Takeaways from Single Cell Oil Market:

In 2018, the global market size stood at nearly US$ 29.77 billion.
In 2022, the market witnessed astronomical growth, accounting for US$ 74.20 billion.
The fungal microorganisms segment is anticipated to register a remarkable CAGR of 18% from 2023 to 2033.
The bio-fuel feedstock segment generated nearly US$ 9 billion in 2022 due to its high production rates.
Asia Pacific single cell oils market is anticipated to witness colossal growth during the forecast period, exhibiting an impressive CAGR of 17.2% from 2023 to 2033.

Recent Developments Observed by FMI:

A new line of fish oil made from Norwegian herring was introduced by Grontvedt, a manufacturer of sustainable marine goods, in February 2023. The new product has no flavor or odor and is abundant in cetoleic acid.
In August 2022, researchers from the United States and Japan created a brand-new sample pre-treatment technique based on the digestion of water droplet oils. Effective protein recovery is probably possible with this new technique.
Protein innovator Calysta and animal nutrition leader Adisseo partnered to form Calysseo and launch FeedKind in June 2022. FeedKind is the world’s first industrial-scale facility that might produce FeedKind Aqua protein. This new functional sustainable protein is a high-quality seafood that is aimed to reduce environmental pressure.

Gain full access to the Single Cell Oils Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Key Players in the Global Single Cell Oils Market

Cargill Incorporated
DIC Corporation
Xiamen huison Biotech Co. Ltd.
Royal DSM NV
Alltech
Cellana Inc.
Georlich Pharma GmbH

Single Cell Oils Market Segmentation

By Microorganisms:

Bacteria
Yeast
Microalgae
Fungal

By Application:

Bio-Fuel Feedstock
Fish Oil Substitute
Functional Oils
Animal Feed
Infant Formulae
Pharmaceutical Products
Aquaculture

By Region:

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

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About Future Market Insights (FMI)

Strategic Insights: USA Yeast Extracts Market Poised for USD1.29 Billion Valuation—Top Factors Driving Growth and Investment Strategies

According to Future Market Insights (FMI), the USA yeast extracts market(Mercado de Extractos de Levadura en EE. UU.) is expected to be valued at US$ 1,291.3 million in 2023. It is anticipated to reach US$ 2,868.6 million by 2033, and record a CAGR of 8.3% from 2023 to 2033.

Yeast products are easy to process and they are readily available in the market. This is a key factor helping the market gain heavy demand from sectors such as cosmetics and the food and pharmacy.

In the cosmetics industry, yeast beta-glucan and yeast extract have been used as an ingredient in skin creams that promote anti-aging and sun protection. Usually, yeast extracts are used in economical ranges of cosmetics. They can be placed at an average price and can become more affordable for consumers.

Even in the food and pharmaceutical industry, the low price of raw materials is a very important factor in determining sales prospects. This is why highly-priced and more difficult-to-procure ingredients are replaced by yeast products.

Beta-glucan is available in sources such as yeast, mushrooms, oats, barley, and others. Beta-glucan extracted from yeast is highly popular because of its cost-effective production processes.

Yeast beta-glucan along with other ingredients is increasingly used to treat lifestyle diseases. The ability of yeast beta glucans to reduce bad cholesterol, increase immune function and improve liver and brain function is making it highly attractive.

As a result, there is a rise in the number of nutraceutical product launches that contain yeast extract as one of the main ingredients. The yeast, mannan oligosaccharides, is used in dietary supplements but yeast beta-glucan is a preferred ingredient among both.

Key Takeaways from the Report:

The USA yeast extracts market is valued at US$ 1,291.3 million in 2023, and is projected to reach US$ 2,868.6 million by 2033.
In functional area segment, demand for human consumption holds a market share of 33.3%, followed by biotechnology (for cell nutrition) which holds 29.0% market in 2023.
By source, baker’s yeast is expected to increase at a CAGR of 7.2% and is anticipated to reach a market value of US$ 1,167.5 million by 2033.
By form, powder is expected to grow from US$ 941.1 million in 2023 to reach a market valuation of US$ 2,149.8 million by 2033.
By use case, dietary supplements are growing at a lucrative CAGR of 10.6% and are expected to reach market valuation of US$ 625.1 million by 2033.

“Yeast extract products are gaining popularity in the USA market mainly due to them being derived organically. As health consciousness increases among the general masses, additive-free, clean-label foods are gaining popularity. Manufacturers would find significant opportunity by innovating to create food items with yeast extracts, as it also scores high in improving palatability.” – says a Lead Analyst

Competitive Landscape: USA Yeast Extracts Market

The competitive landscape is fuelled by the presence of key national and international players. Leading Companies are implementing mergers & acquisitions and new product launches as key strategies to compete in the market.

Acquisitions and mergers have facilitated companies to improve product quality and expand product reach. Moreover, launching new products in the market has supported the companies to offer demanded quality products and meet the changing consumer trends across the industry.

In September 2022, Lesaffre, a global fermentation company acquired Recombia Bisciences which is a biotechnology company based in San Francisco.
In July 2022, Angel Yeast Co. announced it’s expanding production facility for biodegradable polyhydroxyalkanoates (PHA) polyesters with Beijing PhaBuilder Biotechnology in Yichang, China.

Key Players:

Royal DSM N.V.
Lesaffre Group
Kerry Group
Lallemand, Inc.
Angel Yeast Co. Ltd.
Fuji Foods Corporation
ABF Ingredients (ABF Group)
Sensient Technologies Corporation
Leiber GmbH
Costantino & C. spa.

Secure Your Competitive Analysis Copy Now: Gain full access to the Yeast Extract Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Get More Valuable Insights:

Future Market Insights, in its new offering, provides an unbiased analysis of the U.S. Yeast Extracts Market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the U.S. Yeast Extracts Market By Functional Area (Biotechnology (for cell nutrition), Human Consumption (for flavor), Cosmetics (for skin & hair health), Agriculture (bio stimulants/ bio-fertilizers, etc.), and Palatability Improvement), By Source (Yeast Autolysate, Yeast β-glucan, Yeast Mannan Oligosaccharise (MOS), Baker’s Yeast, Nutritional Yeast, Torula Yeast, and Brewer’s Yeast) By Form (Powder and Liquid) By Use Case (Cosmetics, Beverages, Cosmetics, Dietary supplements, Agriculture (bio stimulants/ bio-fertilizers, etc.), and Pet Food)

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Strategic Market Insights: Prepared Flour Mixes Market Projected to Expand at 6.3% CAGR—Top Trends and Investment Potential

The prepared flour mixes market(Mercado de Mezclas de Harina Preparadas) is securing a valuation of US$ 31.7 billion in 2023 and is projected to reach US$ 58.40 billion by 2033. The market is capturing a CAGR of 6.3% during the forecast period.

How is Bakery Industry Rapidly Growing in the Global Market?

The bakery industry is a significant end-user sector that captures a maximum portion of the share in the global market. Growing demand for baking mixes with adding dry mixed ingredients among consumers is surging the bakery industry by providing convenient and consistent baking solutions. Due to busy schedules, consumers prefer to visit bakery shops for organic and healthy prepared flour mixes.

Prepared flour mixes offer a quick and easy solution that requires minimal preparation time and effort. Conversely, novice bakers constantly create better-prepared flour mixes from scratch with their technical skills. Consumers are also assured of their consistent outcome every time they bake.

The bakery industry is successfully expanding the global market in developed and developing countries such as China, Japan, and the United States. The bakery professionals provide unique taste and flavor to the flour mixes, such as chocolate and vanilla. Other prepared flour mixes include gluten-free, vegan and adding of exotic fresh flavors such as matcha and lavender.

Consumers are attracted by the unique, healthy variety of products in bakeries. These crucial factors are fueling the global market growth within the industry.

Key Takeaways:

The prepared flour mixes market is estimated to register a CAGR of 6.3% with a valuation of US$ 58.40 billion by 2033.
Historically, the global market captured a valuation of US$ 23.36 billion in 2018.
The United States is leading the global market by registering a maximum share during the forecast period.

Which Strategies Are Key Players Adopting in the Global Market?

The prepared flour mixes market is rapidly growing, with key players adopting various strategies to gain a competitive advantage. These strategies are:

Product Innovation:Key players are innovating with their products to meet changing consumer demand. They introduced new products with unique flavors and packaging styles.
Expansion:Many key players are expanding their operations by entering new markets, establishing new distribution channels and acquiring other companies.
Mergers and Acquisitions:Key players are merging and acquiring other companies to consolidate their position in the market. It helps them to gain new technologies and products and strengthen the market.
Partnerships and Collaborations:Key players are forming partnerships and collaborations with other companies in the food industry to share resources and expertise. It helps them to reduce costs, improve product quality and expand market reach.

Recent Developments in the Global Market are:

In 2020, General Mills launched new “Good Deeds Mixes” baking mixes. It includes four varieties: chocolate chip cookie, brownie, cornbread, and pizza crust. The company also announced a US$ 5 million commitment to support social justice initiatives.
In 2020, Archer Daniels Midland completed the acquisition of Rodelle Inc, a premium vanilla extracts and flavors company. This acquisition strengthens the company’s position in the specialty ingredients market.
In 2020, Associated British Foods’ baking ingredients division, AB Mauri, launched a new range of clean-label bread improvers called CredibleCrumb”. It is designed to help bakers create bread with improved texture and taste with a clean label.
In 2020, Kerry Group acquired Biosearch Life, a Spanish biotechnology company specializing in natural extracts and probiotics. This acquisition is expected to strengthen Kerry’s health and wellness market position.

Gain full access to the Prepared Flour Mixes Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

Prepared Flour Mixes Market by Category

By Product:

Batter Mixes
Bread Mixes
Pastry Mixes

By Application

Food Processing Industry
Household
Bakery Shop
Others

Region:

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

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About Future Market Insights (FMI)

Unlocking Growth: Complete Nutrition Products Market to Surge to USD 9.7 Billion by 2033—Key Trends and Investment Insights

The complete nutrition products market(Mercado de Productos de Nutrición Completa) is projected to witness substantial growth, reaching a valuation of US$ 9.70 billion by 2033. Anticipating a CAGR of 6.39% from 2023 to 2033, the market’s value is expected to surge from US$ 5.22 billion in 2023. This growth is attributed to the rising awareness of health, clean labels, and organic food choices, compelling consumers to opt for comprehensive nutrition solutions.

Complete Nutrition Products play a pivotal role in addressing micronutrient needs, offering a diverse range of essential elements such as vitamin D, calcium, and iron. With an increasing emphasis on health and well-being, the market has witnessed significant growth, particularly driven by the high protein content in full protein products, aiding in muscle maintenance.

The demand for Complete Nutrition Products is propelled by the growing working population globally, coupled with the surge in single-person households. The market is further boosted by the preference for convenient, on-the-go food products like RTD shakes and bars. The increasing consumer inclination towards organic, high-quality, and unique flavor items is contributing to market expansion.

Growth Factors

The market’s steady growth is influenced by factors such as the rising prevalence of obesity due to sedentary lifestyles and the increasing demand for full nutrition solutions for weight management. Opportunities arise from the expanding working populations and the rise in single-parent homes, leading to a demand for easy-to-prepare nutritional products.

Key Takeaways

The Complete Nutrition Products market is set to reach US$ 9.70 billion by 2033 with a CAGR of 6.39%.
Historical CAGR from 2018 to 2022 was 6.36%, showcasing consistent growth.
The market caters to consumer preferences for health, clean labels, and organic choices.
Increasing internet penetration and mobile shopping preferences contribute to market growth.

Key Developments in the Complete Nutrition Products Market

August 2021 – Huel announced a relationship with Contentsquare, the only full-experience analytics platform. This collaboration aims to help drive the company’s growth through digital experience innovation.

March 2021 – Soylent announced a partnership with Walgreens, a global leader in retail pharmacy. This collaboration intended to broaden Soylent’s retail reach by making all Soylent products, including novel formats and on-the-go options, accessible for purchase at Walgreens locations across the United States.

June 2021 – THG announced the acquisition of Brighter Foods, a food maker. This acquisition sought to accelerate the introduction of new product innovations into worldwide markets while also increasing the amount of THG Nutrition products manufactured entirely in-house.

August 2020 – Glanbia acquired Foodarom, a custom taste designer and maker. This acquisition sought to enhance Glanbia Nutritionals’ solutions-based client strategy and target areas, as well as strengthen Glanbia’s expertise in the tastes and nutritional solutions segments.

October 2020 – Abbott Laboratories introduced strawberry-flavored food supplements in India. As a result, the company’s array of dietary supplements will be expanded.

November 2019 – Amway invested USD 200 million in a nutritional supplement innovation plant in China. This enhanced the company’s overall growth by allowing it to provide customized solutions.

October 2019 – Herbalife launched a relaxing tea and new immunological fundamentals, including EpiCor, to meet nutritional supplement demand in North American market. This would expand the company’s array of dietary supplement products.

Complete Nutrition Products Market Key Segmentation

by Product:

Powder
RTD Shakes
Bars

by Distribution Channel:

Supermarkets
Convenient Stores
Online Stores

by Region:

North America
Europe
Asia Pacific
Lat America
Middle East & Africa

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About Future Market Insights (FMI)

Packaged Milkshakes Market to Reach USD 596.58 Million by 2033 with 6.3% CAGR

The packaged milkshakes market was valued at USD 323.84 million in 2023, and it is likely to expand at a CAGR of 6.3% over the forecast time. A global market worth USD 596.58 million is poised to exist by 2033.

Customers who are becoming more worried about their health and their hectic schedules are the main market drivers. As packaged milkshakes are portable and contain proteins, vitamins, and other trace elements, it is expected that demand may increase during the projected period.

Packaged Milkshakes Market in the Future: Key Trends and Bottlenecks

Accelerated Use of Tetra Packs for Milkshakes to Positively Impact Market Growth

Asia Pacific is a leading producer and consumer of milk. Unfortunately, milk availability varies considerably. Tetra Pak is transforming the landscape in collaboration with groups like Amul and the Karnataka Milk Federation. Milk cooperatives and private dairies can transport fresh milk from farmers to homes because of innovative, affordable, and small Tetra Pak pack forms.

Tetra Packs are smaller and need less energy to send. Food waste is reduced because the contents remain longer. During the anticipated period, the packaged milkshakes market is expected to develop due to the expanding use of tetra packs for milkshake packaging.

Milkshake Innovations to Push Up Demand for Packaged Milkshakes

The packaged milkshake market is expanding as a result of the creation of new, inventive milkshake varieties. To strengthen its position in the beverage sector, a new line of shakes in four flavors was introduced.

Aimed at young people, Amul Kool Milk Shake is a combination of milk and fruits (banana, mango, and strawberry), whereas Amul Kool Milk Shake Badam contains nuts. Tetra packs and cans were used to package the four kinds.

The market is expected to increase between 2023 and 2033 as a result of these types of cutting-edge product introductions.

Inadequacy of Infrastructure, Hurdles in Conducting Business, and Profitability Concerns Challenges Currently Facing Market Growth

Despite the packaging industry’s preference, several factors are preventing the sector from growing. The market is being constrained by a lack of suitable infrastructure and operational challenges. To have a more individualized experience, certain classes of customers in certain regions prefer unpackaged milkshakes from local sellers, possibly merely in glasses.

Such consumer groups may be discouraged from choosing bottled milkshakes due to misconceptions about packaging. The packaged milkshake market is experiencing growing challenges as a result of these problems.

Key Takeaways

In a packaged milkshake, the chocolate flavor is one of the most popular tastes, and during the projection period, sales of this flavor accounted for 39.2% of total sales.
Paper dominated the market in terms of packaging material, accounting for 37.2% of global revenue during the forecast period.
Between 2023 and 2033, Asia Pacific had a 32.0% packaged milkshakes market share.
The Middle East and Africa are anticipated to record a CAGR of 7.2% throughout the projection period.
By 2023, the market in India is predicted to reach US$ 16.68 billion, recording a CAGR of 12.9%. By 2033, it is anticipated that the Indian market is likely to be worth US$ 56.12 billion.

Competitive Landscape

The Hershey Company, CavinKare, Mother Dairy Fruits & Vegetables, Britannia, Friesland Campina, Danone, Nestle, GCMMF, Dean Foods, The Hershey Company, Muller UK & Ireland, and Mother Dairy Fruits & Vegetables are a few of the key market participants in the sector.

Due to the local merchants’ presence in the unorganized market and unpackaged milkshakes, the market has medium to low entry barriers. The packaged milkshakes market is further fueled by novel flavor combinations and packaging innovations.

Recent Development

Mother Dairy launched the brand ROCKET to the cutting-edge ice cream industry.

In July 2020, Mother Dairy debuted the brand ROCKET, joining the cutting-edge Ice Cream – Chocolate category with two revolutionary flavors: Belgian Chocolate and French Vanilla.

Neila, a brand mascot that represents Mother Dairy’s preferred color Blue, was also developed by the company! With the introduction of ROCKET Ice Cream – Chocolate, Mother Dairy continues to prioritize innovation and customer service.

CavinKare introduced cleaning goods under its personal care brands.

Beginning in March 2020, CavinKare introduced sanitizing goods at Re 1. The company has adopted its decision across all new SKUs, including 10 ML, 50 ML, 90 ML, 400 ML, 800 ML, and a 5-liter pack, and it is well within the government’s recently established pricing guideline.

The business has launched hand sanitizers under the personal care brands Chik and Nyle, as well as its professional brand Raaga.

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Key Segments

By Flavor:

Chocolate
Vanilla
Strawberry
Others

By Packaging Material:

Glass
Tin
Paper
Plastic

By Region:

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

About Future Market Insights (FMI)

Tile Adhesives on the Rise: How Changing Lifestyles and Preferences Are Shaping the Market

The global tile adhesive market is poised for significant growth, with its valuation anticipated to rise from USD 2.67 billion in 2023 to USD 5.2 billion by 2033. This expansion represents a robust compound annual growth rate (CAGR) of 6.9% throughout the forecast period. Driven by increasing demand in both residential and commercial construction sectors, advancements in adhesive technologies, and rising investments in infrastructure development, the market is expected to experience a substantial upsurge. As construction activities accelerate globally, tile adhesives will play a crucial role in ensuring durable and high-performance installations.

The rising number of commercial and residential development and renovation projects worldwide is expected to drive the demand for flooring, consequently increasing the demand for tile and stone adhesives. Additionally, government initiatives aimed at promoting industrial expansion, tourism, and development are further expected to contribute to market growth. For instance,

The government of India has committed to investing US$ 1.4 trillion in the National Infrastructure Pipeline (NIP) by 2030, with 16% allocated for urban infrastructure.

In the past decade, the demand for open spaces like outdoor hotels, cafes, play arenas, swimming pools, and lounges has surged. These spaces are designed to be visually appealing and captivating. Luxurious ceramic tiles, stones, and marble flooring are commonly used in their construction.

The thriving tourism sector has led to significant growth in the hotel and accommodation industry. Also, the demand for tile adhesives is expected to be fueled by the increased demand for tiles in the development of such areas.

The urbanization trend in developing countries, driven by employment opportunities and a higher quality of life, leads to increased infrastructure construction. This, in turn, boosts the demand for tile and stone adhesives, specifically ceramic tile adhesives.

Various regions experience significant development in civic infrastructure. Governments of developing countries like India are actively promoting the construction industry, such as through schemes like ‘Pradhan Mantri Awas Yojna’, a subsidy program for first-time homebuyers. These initiatives stimulate residential construction demand and drive the market for ceramic tile and stone adhesives.

Key Takeaways

The market in China is anticipated to expand with a CAGR of 8.1% during the forecast period.
The demand for tile adhesive in the United States is projected to expand with a significant CAGR of 6.7% from 2023 to 2044.
By end-use, the residential construction segment is expected to record a CAGR of 7.9% between 2023 and 2033.
Germany is expected to create demand for tile adhesives with a CAGR of 6.4% during the forecast period.

Increasing demand for luxury homes in urban areas and rising migration from rural areas to urban cities is expected to boost the demand for tile adhesives during the forecast period – comments an FMI Analyst

Competitive Landscape

The market for tile adhesives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

Key Companies Profiled

3M Company
Henkel AG
Illinois Tool Works (ITW Plexus)
Huntsman
Ashland
Sika
H.B. Fuller
Royal Adhesives
Uniseal
Ellsworth Adhesives
Bickers Klebetechnik GmbH
wedi GmbH
1a Bauchemie GmbH
AB BECHCICKI Sp
Akzo Nobel Deco GmbH

Tile Adhesives in High Demand: Explore the Comprehensive Trends and Insights in Our Full Report!

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Unlocking the Power of Amino Acids: Discover Their Vital Functions and Emerging Market Trends

Amino acids are organic compounds that play a crucial role in various biological processes. They are the fundamental building blocks of proteins, which are essential for almost every function in the body, from muscle growth to enzyme production. Each amino acid consists of a basic amino group, an acidic carboxyl group, and a unique side chain that determines its specific properties.

The global amino acids market is projected to grow from USD 27.5 billion in 2023 to USD 63.4 billion by 2033, with an anticipated CAGR of 8.7% over the forecast period.

The Essential Functions of Amino Acids: More Than Just Protein Builders

Amino acids are not only pivotal in protein synthesis but also perform several other vital functions:

Protein Synthesis: They link together in specific sequences to form proteins, which are essential for cell structure, function, and regulation.
Neurotransmitter Production: Some amino acids act as precursors to neurotransmitters, which are chemicals that transmit signals in the brain and nervous system.
Immune Function: Amino acids contribute to the production of antibodies and other molecules that are critical for immune defense.
Metabolism Regulation: They play a role in metabolic pathways and help in the synthesis of hormones and enzymes that regulate various metabolic processes.

Navigating the Amino Acid Market: Trends and Innovations

The amino acid market has seen dynamic changes recently, driven by advancements in biotechnology and increasing demand for dietary supplements. Here are some key trends:

Growth of Sports Nutrition: There’s a rising demand for amino acids in sports nutrition products, driven by the growing awareness of their benefits for muscle recovery and performance.
Personalized Nutrition: Advances in genomics and biotechnology are leading to more personalized amino acid supplements tailored to individual genetic profiles and health needs.
Sustainable Sourcing: With increasing awareness about environmental impact, there’s a shift towards sustainable and plant-based sources of amino acids.
Enhanced Formulations: Innovations in amino acid formulations, including better absorption technologies and combined supplements, are improving their efficacy and convenience.

Amino Acids in Industry: Beyond the Biology

Amino acids are not only important in health and nutrition but also have diverse industrial applications:

Pharmaceuticals: Amino acids are used in the production of certain drugs, including those that treat metabolic disorders and support wound healing.
Food and Beverages: They are added to food products as flavor enhancers, nutritional supplements, and preservatives. For example, glutamate is widely used as a flavor enhancer in the form of monosodium glutamate (MSG).
Agriculture: Amino acids are used in animal feed to improve growth rates and overall health of livestock, and as soil conditioners to enhance plant growth.
Cosmetics: They are included in skincare products for their hydrating and anti-aging properties, helping to improve skin elasticity and texture.

Leading Market Players

Ajinomoto Co., Inc.
KYOWA HAKKO BIO CO., LTD.
Evonik Industries AG
AMINO GmbH
Taiwan Amino Acids Co. Ltd.
ADM Company
Cargill, Incorporated
DAESANG CORPORATION
Fufeng Group Company Limited
iris Biotech GmbH
RSP Amino Acid, LLC
Sumitomo Chemical Co. Ltd.

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Rising Preference for Healthy and Sustainable Diets Elevates Demand for Vegan Sauces

The global vegan sauces market is worth USD 285 Million as of now and is expected to reach USD 545 Million by the year 2033 at a CAGR of 6.7% between 2023 and 2033.

With food allergies being dominant all over, the vegan sauces market is expected to grow well in the forecast period.

The present-day scenario is such that the internet has a plethora of videos and documentaries related to consumption of vegan food in the interest of animal welfare. The other attribute could be excessive advantages offered on the part of health with minimal side-effects.

The post-pandemic era is witnessing a greater consumption to vegan sauces as the end-consumers are preferring to bee preventive in place of curative. Vegan sauces in greater demand include vodka sauce, mayonnaise, alfredo sauce, pesto, and Worcestershire sauce. They are known for adding moisture, flavor, and visual appeal to a dish. Besides, dependence on packaged and premade sauces is increasing.

Online distribution channels are playing a vital role in propagating vegan sauces. Many offers are running on these channels regarding vegan sauces; like a different variety of vegan sauces is offered as a complementary product to the sauces asked for. The other add-on benefits include cash-back offers, and coupons.

Future Market Insights has etched these findings with insights in its latest market study entitled ‘Vegan Sauces Market’. It has its team of analysts and consultants deploying an eagle’s eye-view along macros and micros.

“The ongoing trend of veganism is driving the vegan sauces market and the scenario is expected to remain unchanged in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Vegan Sauces Market

North America holds the largest market share due to majority of the populace turning vegan since the last few years. Food Allergy Canada says that nearly 3 Million people based out of Canada are reported to have atleast one food allergy (mostly from eggs). As such, there is an increasing demand for vegan eggs. This factor is expected to take the vegan sauces market by storm in the upcoming period.
Europe holds the second-largest market share with economies like Spain, France, the UK, Germany, and Italy leading from the front. This could be attributed to allergies resulting out of consumption of meat, egg, honey, milk, and likewise.
The Asia-Pacific is expected to grow on a good note in the vegan sauces market going forward with rising consumption of other vegan sauces (apart from tomato-based) all through.

Competitive Sauces

Sir Kensington’s is known for creating ketchup made out of organic vinegar, sun-ripened tomatoes, and organic sugar.
Heinz, which was known for conventional ketchup, did come up with ketchup’s vegan version in the year 2018. Nevertheless, it did market it as a more sustainable and a healthier alternative to the conventional one.
Primal Kitchen (known for vegan sauces and condiments) has entered into partnership with Whole Foods and Amazon for increasing its products’ availability in more number of locations.
The Honest Stand does source ingredients from organic and sustainable farms and makes use of eco-friendly packaging.
Follow Your Heart, in October 2021, did launch Dairy-free Bleu Cheese Crumbles after successful ‘Dairy-Free Feta Crumbles’ (launched in 2020). This product has been advertised to be good for crostini, salads, or even on sprinkling over pizza.
Daiya Foods Inc., in July 2021, tabled an e-Commerce site for direct access to the plant-based food line. The player is amongst the well-known dairy-free cheese manufacturers in Canada and the US.
Michelin chefs Eoin Lennon and Gavin Cassidy, in March 2020, started ‘Porter & Nash’ with initial investment of EUR 55,000. It offers a fat-free, gluten-free sauce called kombu seaweed-based vegan sauce.

What does the Report enclose?

The research study is based on product type (tomato-based, mustard-based, BBQ, hot sauces, and likewise), and by distribution channel (supermarkets, health food stores, online retailers, and likewise).
With rising demand for plant-based alternatives, the global vegan sauces market is likely to grow on an astonishing note going forward.

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Key Segments

By Product Type:

Tomato-based
Mustard-based
BBQ
Hot sauces
Others

By Distribution Channel:

Supermarkets
Health food stores
Online retailers
Others

By Region:

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

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The Future of Wind Energy: How Wind Turbine Composite Material Are Powering Turbine Innovation

According to Future Market Insights (FMI), the worldwide wind turbine composite material market (Markt für Verbundwerkstoffe für Windturbinen) is expected to reach USD 14417.9 million in 2024 and USD 28713.6 million by 2034. The market is projected to rise at a CAGR of 7.1% from 2024 to 2034.

Composite materials have emerged as pivotal in the wind energy sector, particularly due to lightweight properties and high efficiency, fueling the growth of the wind turbine composite material industry. The wind turbine composite market is expected to grow due to increasing demand for larger, more efficient wind turbines, making them essential for a sustainable, renewable energy future.

Composite materials offer advantages over traditional materials like steel and aluminum, such as lower maintenance, corrosion resistance, long operational lifespans, and a high strength-to-weight ratio. These benefits are expected to further fuel development in the foreseeable future.

Technological advancements in wind turbine composite materials are set to disrupt traditional markets, create new opportunities, and alter consumer behavior. Leading companies stay competitive by keeping up with technological advancements.

Government regulations and policies significantly influence the market, impacting production, trade, safety standards, and environmental policies. Understanding consumer trends and lifestyle changes is crucial for businesses, as adapting products and services is set to drive growth.

Key Takeaways from the Wind Turbine Composite Material Industry Report:

The wind turbine composite material market is expected to reach a value of US$ 28713.6 million by 2034.
The global market is projected to surge at a CAGR of 7.1% from 2024 to 2034.
China’s wind turbine composite material market is expected to grow at a CAGR of 8% through 2034.
Based on resin type, the epoxy segment is expected to hold a market share of 34.2% in 2024.
In terms of fiber type, the glass fiber segment is set to account for a 74.9% share in 2024.
India is projected to rise at 10.6% CAGR through 2034.

“Increasing use of carbon fiber in wind turbine blades and growing demand for renewable energy sources are expected to fuel sales. Growing adoption of renewable energy sources, such as wind turbines, is driving organizations to adopt composite materials for power generation and grid stability.” – says a lead analyst at Future Market Insights (FMI)

Competition Outlook

Solvay Group, TEIJIN Limited, Gurit, TPI Corporation, TORAY INDUSTRIES INC, and Reliance Industries are the key service providers in the sector. Leading companies are investing in research and development to expand product lines, boosting the wind turbine composite market.

Key companies are also implementing strategic initiatives to extend their global presence, such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaborations. To thrive in a competitive market, the industry provides cost-effective products.

Wind turbine composite material manufacturers are primarily manufacturing locally to reduce operational costs. The industry is competitive, with global and regional companies vying for market share based on product quality, design innovation, pricing strategies, and geographical presence. Strategies such as strategic partnerships, mergers and acquisitions, and product diversification are being employed to gain a competitive edge.

Industry Updates-

In 2023, Suzlon Group announced its plan to develop a 31.5 MW wind power project in Karnataka and Maharashtra, starting in May 2024.
In 2023, Avient Corporation partnered with DSM Protective Materials to integrate the Dyneema brand and innovative technologies into its product line, aiming to grow the composites business.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global wind turbine composite material 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 wind turbine composite material market based on fiber type (carbon fiber and glass fiber), resin type (epoxy, vinyl ester, polyester, and polyurethane), application (towers, rotor blade, nacelle, and rotor hub), and region.

Revolutionizing Wind Energy: Discover How Composite Materials Are Transforming Turbines – Gain Detailed Insights in Our Full Report!

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