Date Syrup Market value is expected to surpass US$ 630.0 Mn by 2031

Demand for date syrup is expected to reach US$ 339.0 Mn in 2021, according to the latest Future Market Insights (FMI) study. The market value is expected to surpass US$ 630.0 Mn by 2031, exhibiting growth at healthy CAGR of 6.4% for 2021-31.

The market will particularly gain from the surging application of date syrup in nutraceutical and food service industries in the Middle East and Africa. Besides this, demand in South Asia is expected to increase at an accelerated pace over the forecast period.

Consumer preference for clean label products and ingredients derived from natural sources for their food items will steer growth in the market. The same trend is driving sales of date syrup in nutraceutical and cosmetics industry.

Growing product knowledge has resulted in more awareness in consumers than ever before. Today, consumers are just not satisfied by choosing any food just because its label says “high quality”, but they intend to know its constituents and processing.

For instance, Arat Company Pjs, ensures strict compliance to BRC Grade AA, IFS, ISO 22000 Food Safety, Kosher, ISO 9001:2015, HACCP, ISIRI and Halal and includes nothing but dates and water for processing and producing its high quality dates syrup.

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Key Takeaways from the Date Syrup Market Study:

  • Date syrup market is expected to total US$ 630 Mn by 2031.
  • The Middle East and Africa (MEA) will emerge as the leading market, accounting for the lion’s share of date syrup sales. FMI has pegged the demand in MEA to grow by 5% CAGR.
  • In North America, sales of date syrup will accelerate on account of surging demand from the U.S.
  • Within Europe, Germany, France and the U.K. will spearhead sales of date syrup.
  • Despite China’s dominance in East Asia, sales of date syrup will increase at a higher rate in Japan and South Korea.

Need for Stable Shelf-life Products Driving the Demand for Date Syrup

Work-centric lifestyles of dominating population has caused a major shift in demand for the type and properties of food products. People today are opting for food items that have extended seasonality, easy application, and multi-purpose for the sole reason of convenience, which these food products offer to the evolving consumers.

This has compelled several leading manufacturers to subsidize research and development to uncover more natural ways to keep food shelf-stable for an extended period of time.

Date syrup is no exception to this. The product itself is insured of seasonality as soon as it is produced. Even the syrup manufacturers with their innovation potentials, have developed syrups that do not even require the application of refrigeration to ensure slow degradation.

For instance, Ratinkhosh Co., provides a minimally processed dates syrup, which comes with a shelf-life of 2 years without the use of any type of preservatives or artificial ingredients.

Who is Winning?

Some of the leading companies offering date syrup are Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, Date Lady, and Others.

Date Syrup Market by Category

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food & Beverage Industry
    • Bakery & Confectionery
    • Dairy & Desserts
    • Snacks & Cereals
    • Beverages
    • Others
  • Nutraceuticals
  • Cosmetics and Personal Care Industry
  • Foodservice Industry
  • Retail/ Household
  • Others

By Distribution Channel:

  • Business to Business
  • Business to Consumers
    • Hypermarkets/ Supermarkets
    • Specialty Stores
    • Convenience Stores
    • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Key Questions Answered in the Report

What is the current date syrup market size?

The date syrup market is expected to total US$ 339 Mn in 2021.

What is the demand outlook for the date syrup market?

The date syrup market is expected to top US$ 630 Mn by 2031, exhibiting growth at 6.4% CAGR between 2021 and 2031.

At what rate did the demand for date syrup grow in the last five years?

The date syrup market registered 4.7% CAGR in terms of value between 2016 and 2020.

What is the North America date syrup market outlook?

The sales of date syrup will grow by 5.8% in North America.

Name some of the leading companies operating in the date syrup market.

  1. Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, and Date Lady among others are the leading market players.

What is the Japan and South Korea date syrup market outlook?

The Japan and South Korea date syrup markets are expected to register growth at 9.6% CAGR and 9.2% CAGR, respectively.

About FMI:

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

Contact Us:                                                      

Future Market Insights
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United Arab Emirates
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US NFC Lemon Juice Market registering healthy growth at 6.8% CAGR during the forecast period 2022-2031

The US NFC lemon juice market value is expected to total US$ 297.4 Mn in 2021, according to Future Market Insights (FMI). The overall market value is expected to reach US$ 574.7 Mn, registering healthy growth at 6.8% CAGR during the forecast period (2021-2031).

Growth in the market is attributed to the surging demand for on-the-go juice sachets that complement fast-paced lifestyle. With the trend of clean label solutions and veganism making deeper inroad in the U.S., NFC lemon juice manufacturers are encouraged to introduce sustainable and 100% natural products to expand their customer base.

Juices derived from natural sources with no chemical or artificial additives are becoming increasingly popular among consumers. Hence, adoption of food & beverages products with natural food additives and sugar replacements has surged. As per the latest study by Future Market Insights (FMI), increasing health consciousness among consumers have resulted in higher consumption of nutrient-dense meals and juices, all of which are backed by a genuine brand dedication to quality, taste, and flavour.

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Consumers are demanding products free-form allergens and other unnatural forms of preservatives. Free-form ties in with clean labeling – where labels such as “free from”, “minimally processed”, “gluten free”, “organic”, and non-GMO” are the first checkpoints in a consumer purchase decision.

As consumers are increasingly driving towards vegan and organic food trend, demand for NFC lemon juice has surged.

Key Takeaways from the US NFC Lemon Juice Market Study:

  • U.S NFC lemon juice market is estimated to reach US$ 297.4 Mn in the year 2021 , expanding at 6.8% CAGR over forecast period.
  • Conventional segment accounted for significant share of 85.3% in U.S. NFC lemon juice market.
  • Organic segment is expected to grow with a CAGR of 8.9% over the forecast period. Growth is attributed to rising preference of organic fruits and vegetables juices are over conventional ones.
  • On the basis of distribution channel, B2C segment accounted for significant share of 57.9% in U.S NFC lemon juice market in 2021.

Who is winning?

Players in the US NFC lemon juice business are banking on rising demand for beauty products in the U.K. Ever-increasing demand for natural personal care products and cosmetics is likely to result in large increases in sales of lemon juice utilized in these products.

Some of the leading companies offering NFC lemon juice  are LemonConcentrate S.L., Dream Foods International, LLC, Baor Products S.L., Bevolution Group, Argenti Lemon S.A, Citrus World Inc., Prodalim Group, Citrusvil S.A., Louis Dreyfus Company, Dohler GmbH, and Others.

NFC Lemon Juice Market by Category

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • B2B
  • B2C
    • Modern Grocery Retailer
      • Hypermarkets/Supermarkets
      • Convenience Stores
      • Specialty Stores
      • Groceries
      • Whole Sales
      • Others
    • Online Retail

By Application:

  • Food
    • Dairy and Frozen Products
    • Bakery and Confectionery
    • Jam, Jellies and Preserves
    • Others (Fast Food, Sizzler, etc)
  • Beverages
    • Juice
    • Soft Drinks
    • Squash
    • Cider
    • Others (Mocktails, Syrups, etc)
    • Cosmetics
    • Pharmaceuticals
    • Flavours
    • Others (Decorative, For Artificial Ripening, etc)

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Key Questions Answered in the Report

What is the NFC lemon juice market size?

The NFC lemon juice market is forecast to reach a valuation of US$ 589.1 Mn by 2021

What is the NFC lemon juice market growth outlook?

The NFC lemon juice market is expected to register growth at a CAGR of 7.9% between 2021 and 2031.

What are the key factors driving NFC lemon juice market?

Demand for NFC lemon juice will surge in response to the increasing focus on health and wellness among consumers and rising demand for mixed flavour plant-based beverages. Growing trend of veganism also will have positive impact on growth.

What are the key trends shaping the NFC lemon juice market?

Focus on product launches, including a variety of different fruit mix flavours in NFC lemon juice, will remain a key trend enabling growth in the market.

What is the demand outlook for NFC lemon juice market in China?

According to FMI, the NFC lemon juice market will rise at 7.8% CAGR in China.

At what rate will the demand for NFC lemon juice rise in 2021?

The demand for NFC lemon juice will increase at 7.5% year on year growth rate in 2021.

What is the global market share of Argentina in NFC lemon juice market?

Argentina is expected to contribute over 7.7% of NFC lemon juice sales in 2031.

About FMI:

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

Contact Us:                                                      

Future Market Insights
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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press@futuremarketinsights.com
Website: 
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Cacao Beans Market- Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2029

The global cacao beans market is anticipated to be valued at ~ US$ 10 Bn in 2019. Future Market Insights, projects that the cacao beans market is expected to show a high growth rate of more than 7% in terms of value during the forecast period 2019-2029.

Cacao beans for a very long time have reached consumers in the form of chocolate blocks, and bars. Cacao beans therefore were in high demand in the industrial sector. But a recent rise in the demand for natural and organic products, with utmost transparency, has enabled cacao beans gaini popularity among household consumers and foodservice operators. Continuous innovation to incorporate chocolate in one form or other in products that they manufacture has increased the demand for cacao beans.

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Key Takeaways from the Cacao Beans Market Study

  • Forastero cacao beans are highly used as the availability of this type of cacao beans is more than any other type. But the demand for Criollo beans is the highest as they are very rare and are cultivated less in commercial plantation due to their low yield
  • Cacao beans are primarily used in the bakery and confectionery sector. The demand for cacao beans is expected to increase significantly in the foodservice industry, especially in European countries
  • Leading manufacturers in the global market for cocoa are projected to come up with innovative and healthier cocoa products using cacao beans with the motive of attracting health-conscious consumers around the world. Raw chocolate bars, quinoa vegan bars, and ‘ruby’ chocolate are just some of the products companies have brought into the market to retain their health-conscious consumers
  • With the presence of leading cocoa grinders/processors in countries like Netherlands, Germany, Belgium, France, UK, and others, the European Union is expected to be the most lucrative region in the global cacao beans market throughout the period 2019 to 2029

While cocoa continues to be a popular flavor and ingredient for a majority of dessert preparations, the global cocoa industry needs more investments in order to maintain sustainable growth in the future. Prices of cocoa in the international market are increasing due to additional expenses incurred by manufacturers for getting certifications to distribute cacao beans in the market. Rising prices of cocoa and economic uncertainties in the global market are creating challenges for the the global market for cacao beans. However, specific measures are being taken by regulatory bodies to curb this inconsistency.

Who is Winning?

Some of the key players operating in the cacao beans market are Cargill Inc., Theobroma B.V., Olam International Limited, Ciranda Inc., Edna Group, Barry Callebaut AG, Dutch Cocoa B.V., Kakao Berlin, Niche Cocoa Industry Ltd., PT. Danora Agro Prima, Nederland SA, Cocoa Processing Company, India Cocoa Pvt Ltd., United Cocoa Processors Inc., BT Cocoa among others.

The cocoa supply chain is concentrated both at vertical and horizontal levels as most of the cocoa and chocolate companies are strategically merging with competitors. For instance, key processors Barry Callebaut and Cargill after its merger with ADM shall produce about 70-80% of the world’s couverture.

  • In January 2020, Häagen-Dazs has introduced two new ice creams, which contain ruby cacao. The ruby cacao beans used in these products have been sourced and processed by Barry Callebaut.
  • SoChatti, an artisanal brand of Trade Secret Chocolates, launched a 72% dark chocolate, crafted with cacao beans from sites like Peru, Tanzania, and Trinidad, which is squeezable vegan chocolate.
  • Mars, Inc. has collaborated with agricultural analytics company Nature Source Improved Plants to boost cacao yields. Mars is well-known for its candy bars which use cacao beans in its production, and is thus is interested in maintaining a sustainable cacao supply.

CACAO BEANS MARKET TAXONOMY

The global cacao beans market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Forastero
  • Criollo
  • Trinitario

End Use Application

  • Food and Beverages
    • Bakery and Confectionery
    • Beverages
    • Dairy Products
    • Syrup, Toppings and  Fillings
    • Other Applications
  • Pharamaceuticals
  • Cosmetic and Personal Care
  • Pet Food
  • Household/Retail
  • HoReCa/FoodService

Distribution Channel

  • B2B
    • B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Independent Grocery Stores
    • Speciality Stores
    • Online Retail

Region

  • North America
  • Latin America
  • Europe
  • East  Asia
  • South Asia
  • Oceania
  • MEA

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CACAO BEANS MARKET – KEY RESEARCH FINDINGS

  • The global cacao beans market is expected to account for revenues worth US$ 21 Bn by 2029.
  • With rising demand from chocolate manufacturers, the cacao beans market is set to record a CAGR of 7% over the forecast period 2019-2029.
  • Forastero cacao beans account for 4/5th of the total market revenue.
    • Criollo variants are set to see a quantum leap in demand, despite its low availability.
  • High potential application has been identified in the food & beverage industry.
    • Manufacturers are focusing on capitalizing on foodservice/HoReCa sector.
  • Sales via B2B channels influence growth strategies.
    • High sales opportunities are expected in B2C channels.
  •  Europe promises lucrative growth prospects, owing to strong presence of leading cocoa grinders and processors.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
https://www.futuremarketinsights.com

Zero Calorie Chips Market 2030 Key Methods, Historical Analysis, Trends And Opportunities

Zero calorie chips are increasingly becoming popular among millennial consumers owing to variety of taste and manufacturing that employs non-GMO ingredients. The global zero calorie chips market is expected to grow at a dexterous 7% CAGR during the forecast period (2020-2030). Consumer awareness about health hazards of traditional snacks propel the demand for zero calorie chips.

Advancements in food manufacturing enable market players to introduce nutritional elements in everyday snacks. Prevalence of zero calorie chips points to the increasingly busy lifestyles that millennial consumers follow. On the back of these factors the zero calorie chips market will continue to produce remunerative opportunities throughout the forecast period.

Consumer trends that emphasize importance of low calorie or zero calorie snacking will propel the zero calorie chips market growth. As per Future Market Insights (FMI), the market will expand at a CAGR of above 7% between 2020 and 2030. The growth will be a collective result of favorable dietary trends and technological developments in convenience food manufacturing.

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Key Takeaways of Zero Calorie Chips Market Study

  • Puff chips lead the product type segment with more than 1/4th of total market share.
  • Healthy potato chips are the most in demand 1/4th market share coupled with a healthy growth rate.
  • North America maintains share-wide dominance accounting for 1/4th of the total market value.
  • Middle East & Africa accounts for 17% market share which makes it the second most dominant region when dividing the global market.
  • East Asia offers the most gainful opportunities for market players with a double digit growth rate throughout the forecast period.
  • Direct to consumer distribution channels account for a majority of market share with over 40% of global sales coming from this segment.
  • Online stores will offers lucrative growth opportunities on the back of internet savvy millennial consumers.

Digital Distribution will Dictate Sales

Online channels of distribution will prevail as the most remunerative channels for sales in the market. Millennial consumers are likely to support this growth owing to their comfort with purchasing products online. Another factor that influences the growth of this market is government regulations and quality standards. Statutory bodies such as the US Food and Drug Association (USFDA) are lobbying manufacturing trends and establishing stringent quality standards. Hence, market players must be diligent in production and marketing of zero calorie chips.

Who is wining?

The competitive landscape is fragmented into multinationals and national manufacturers. Major players that influence global growth trends are The Kellogg Company, Mission Foods, Tastemorr Snacks, Shearer’s Snacks, Herr’s Food, Inc., Snyder’s-Lance, Inc., Popchips, ARA Food Corporation, General Mills Inc., BFY Brands, Frito-Lay North America, Inc., and Deep River Snacks.

What does the future hold?

The future of zero calorie chips is innovation in food technology. Market players can garner meteoric growth on the back of nutritional value and variety of flavors. Dietary trends will offer directions to manufacturers about consumer demands and growth prospects.

Market Segmentation

The global zero calorie chips market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

  • Pop
  • Popcorn
  • Puff
  • Potato
  • Tapioca
  • Tortilla Chips Market

By Distribution Channel

  • Super Markets
  • Online Stores
  • Direct to customer (DTC)
  • Other Channels

Region

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

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Key Highlights

Zero Calorie Chips Market – Key Research Findings

  • The market will exhibit a CAGR of 7% between 2019 and 2029.
  • Puff chips will account for a fourth of the overall zero calorie chips market through the forecast period.
  • Healthy potato snack chips account for 1/4th of the overall market value.
  • Direct-to-consumer distribution channels remain highly preferred.
  • Online stores will generate lucrative opportunities, driven by demand from millennial consumers.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
https://www.futuremarketinsights.com

Non-GMO Food Products Market Potential Growth, Share, Demand And Analysis Of Key Players, Forecasts To 2031

Newly released data from the non-GMO food products market analyzed by FMI estimates that the non-GMO food products market enjoys a growth rate of 10.4% at present. The market is expected to witness a prominent growth rate of a CAGR of 13.2% to reach the value of US$ 144,322 Mn in 2031.

The worldwide non-GMO food products market will gain traction as consumer demand grows due to changes in dietary trends like healthy eating, opting for natural food products, etc. This change is driven by an increase in the number of health-related issues and raising awareness of the harmful consequences of eating genetically modified foods.

Rise of smart labels that facilitate instant access to product specific information is another factor that is propelling the growth for transparent non-GMO food manufacturers globally. The market is anticipated to cross a market value of US$ 3.4 Bn by the end of 2031.

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Key Takeaways of non-GMO Food Product Market Study

  • Grains and Cereals will dominate market demand with a multiplying growth rate of 22% through the end of 2029.
  • Bakery & Confectionary products present gainful opportunities with a stupendous growth rate of 19% during the forecast period.
  • Dairy products is another segment that will register a CAGR of 16% from 2019 to 2029.
  • Indirect distribution channels will maintain share-wide and growth-wise dominance throughout the forecast period.
  • North America and Latin America collectively account for more than half of total market value. This can be attributed to the early adopting nature of North American countries and rising millennial population in Latin America.

Consumer Preferences Shape Growth Trajectory

Increase in purchase potential and decrease in production costs is creating remunerative synergy in the market. This is fueled by advancements in packaging and labelling along with proactive consumer participation. Major players are investing in developing consumer communities that support long-term revenue generation.

The non-GMO food products market is dependent on consumer awareness and prevalence of plant-based and vegan diets that require daily consumption of food products manufactured from non-genetically modified organisms.

Who’s Wining?

Competitive landscape in non-GMO food products market is fragmented with the presence of multinationals, niche-manufacturers, and SMEs. Major players that shape the global non-GMO food products market are Cargill, Inc., Associated British Foods Plc, General Mills Inc., Kraft Heinz, Archer Daniels Midland Company, Danone, Nestle S.A., The Hain Celestial Group Inc. Key players in the market are forging strategic partnerships that ensure sustained revenue prospects.

Market Segments Covered in Non-GMO food products Industry Analysis

By Nature :

  • Organic
  • Conventional

By Product :

  • Grain and Cereals
    • Wheat
    • Soya
    • Corn
    • Others
  • Bakery and Confectionery
    • Bread
    • Pastry
    • Candy
    • Others
  • Beverages
    • Alcoholic Beverages
    • Non-Alcoholic Beverages
  • Dairy Products
    • Yogurt
    • Cheese
    • Ice cream
    • Others
  • Infant Food
  • Condiment, Dressing, & Oil
    • Vegetable Oils
    • Jam, Jellies
    • Syrups
  • Others (Spices, soups, etc.)

By Distribution Channel :

  • Direct Sales/B2B
  • Indirect Sales/B2C
    • Supermarket/Hypermarket
    • Wholesaler
    • Online Retail
    • Specialty Stores
    • Other Retail Format

Region :

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

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Key Questions Answered in the Report

How much is the Non-GMO food products market current worth?

Non-GMO food products market size is worth more than US$ 41,510 Mn.

At what CAGR is the market expected to grow?

Non-GMO food products consumption is expected to grow at a CAGR of around 13.2% during the period 2021-2031.

How was the performance in the last five years?

In terms of revenue non-GMO food products grew at a CAGR of around 10.4% during 2016-2020

What are the key trends boosting Non-GMO food products sales?

Non-GMO food products are gaining traction due to concerns over the effect of genetically modified foods on health, advanced technologies, shifting consumers’ preference towards healthy food products are the latest trends of non-GMO food products being observed in the market.

How are market players reacting to the new developments in the market?

Market companies are choosing to aim at research and development, consolidation of distribution channel in emerging countries, new product introductions to stay a noticeable player in the global market.

Which are the major countries driving demand for the Non-GMO food products Market?

The US, Russia, UK, China, Brazil, Germany, India are the major countries driving demand for non-GMO food products.

At what level does the report reflect pricing analysis?

The report presents a detailed cost analysis of non-GMO food products based on products i.e. grain and cereals, bakery & confectionery, beverages, dairy products, infant food, condiment, dressing, & oil, and others.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
https://www.futuremarketinsights.com

Eubiotics Market is poised to increase at 7.4% CAGR to reach a value of US$ 5.47 Bn in 2031

As per Future Market Insights (FMI) analysis, the global consumption of eubiotics increased by year-on-year (YoY) rate of 6.7% in 2021 to total sales of US$ 2.68 Bn in the year. The overall demand for eubiotics represents 16.4% of the global animal feed market in 2021 and is poised to increase at 7.4% CAGR to reach a value of US$ 5.47 Bn in 2031.

The eubiotics market is emerging as antibiotic alternatives or animal antimicrobials by-product in the animal feed industry intended to boost livestock immunity and gut health while acting as livestock nutrition.  Considering this, the increasing demand for animal feed additives and animal specialty drugs will result in high demand for eubiotics market.

The demand for eubiotics is growing as animal farming industries aim for improved effeciency, which includes an increase in livestock yield. Antibiotics, for the longest time, have remained crucial for improving animal productivity. Antibiotics are still in use in many countries as a sub-therapeutic substance for animal growth. But banning of antibiotics is encouraging manufacturers to go for alternative solutions, controlling the rise of AMR (anti-microbial resistance) products at the global level.

Eubiotics, such as prebiotics, probiotics, enzymes, and organic acids, can add the essential nutritional components to reduce the antibiotic use in farmed animals that can enable the industry to grow further. Key manufacturers like DSM are developing effective eubiotics solutions to reduce the prophylactic use of antibiotics and to remove AGPs to tackle AMR, to switch to antibiotic-free animal diets smoothly over time.

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Key Takeaways from the Eubiotics Market Study:

  • North America eubiotics market leads accounted for 31.1% of the global eubiotics market in 2021.
  • Based on type, organic acid accounted for a dominant market share of 48.3% in the global market in 2021.
  • In terms of form, the liquid form is anticipated to register a CAGR of 7.8% during the forecast period (2021-2031).
  • By function, nutrition and gut health segment is accounted for 37.9% of the total market share in 2021.
  • Among livestock segments, demand for eubiotics in aquaculture is anticipated to increase by a CAGR of 8.1% during the forecast period.

Who is winning?

Mature eubiotics markets can be influenced by consumer behavioral changes to dictate the demand-supply balance paradigm and the critical demographic position of the market as well. Focus on environmental sustainability is the broad level indicator of growth of the eubiotics market, as governments and regulatory bodies are introducing stringent rules regarding standard eubiotics products.

According to the Veterinary Medicines Regulation, published on December 11, 2018, the regulatory body has identified the need to control use of antimicrobial farm animal products and has put a ban on the prophylactic and metaphylactic antimicrobials usage in animals. The regulation will come into effect from January 28, 2022, compelling manufacturers to convert the antibiotic based products into sustainable alternatives like eubiotics.

Some of the leading companies offering eubiotics are Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, Eubiotics, Lesaffre Group, Kemin Industries, Inc., Novus International, Inc., Chr. Hansen Holding A/S, Beneo Group, and others.

Eubiotics by Category

By Type, eubiotics is segmented as:

  • Probiotics
  • Prebiotics
  • Organic Acid
  • Essential Oil
  • Enzymes

By Form, eubiotics is segmented as:

  • Dry
  • Liquid

By Function, eubiotics is segmented as:

  • Nutrition and Gut Health
  • Yield
  • Immunity

By Livestock, eubiotics is segmented as:

  • Cattle
  • Poultry
  • Swine
  • Aquaculture
  • Others

By Region, eubiotics is segmented as:

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

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Key Questions Answered in the Report

How big is the eubiotics market?

The sales for eubiotics are estimated to total over US$ 2.68 Bn by 2021.

What is the eubiotics market demand outlook?

According to FMI, the demand for eubiotics is forecast to surpass US$ 5.47 Bn by the end of 2031.

At what rate will eubiotics sales grow in the next 10 years?

Between 2021 and 2031, the sales of eubiotics will grow at 7.4% CAGR.

Who are the top 5 players in eubiotics market?

Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, and Novus International, Inc. is the leading companies in the market.

Which region has the most favorable shipment condition for eubiotics?

Due to heavy demand, eubiotics shipment will soar in South Asia at a CAGR of 10.4% during the forecast period.

About FMI:

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

Contact Us:                                                      

Future Market Insights
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United Arab Emirates
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Gluten-free Bakery Premix Market Trends, Emerging Technologies And Growth Analysis By Forecast To 2029

The global Gluten-free Bakery Premix market is expected to reach US$ 486.1 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will display a steady rise at 5.3% CAGR between 2019 and 2029. According to the report, the rising prevalence of ailments such as celiac disease will bolster growth in the market. The report provides a detailed overview of the market including key growth drivers, restraints, opportunities, and prevalent trends. It makes use of unique research methodologies to offer a highly accurate analysis of the market.

In terms of end use applications, bakeries are projected to hold a market share of more than 72%, which can be attributed to higher sales, particularly in North America and Europe. The segment is also projected to grow faster owing to the presence of major bakery product manufacturers in these regions. A strong surge of tourism, particularly in the Asia Pacific is anticipated to bolster consumption of bakery products, which in turn will increase the demand for Gluten-free Bakery Premix.

The rising awareness of the side effects of gluten consumption such as celiac disease is driving demand in these regions, which in turn is expected to have a favorable impact during the forecast period. In the Asia Pacific region, the rising demand for western foods such as burgers, pizzas, and sandwiches are projected to increase the demand for Gluten-free Bakery Premix.

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It includes in-depth insights into the Gluten-free Bakery Premix market. Some of these are:

  •  The estimated market value was at US$ 290 Mn in 2019. Through the forecast period, the market is estimated to display a steady rate of growth.
  • Europe has emerged as the leader in the global Gluten-free Bakery Premix market.
  • The rising prevalence of celiac disease, particularly in the United States is a key driver in North America.
  • Consumer perception of gluten free foods as healthier options are driving the demand for gluten free products.
  • China and India are projected to display a substantial rise in the bakery industry bolstering the growth of the Gluten-free Bakery Premix industry in the Asia Pacific.

Lifestyle Health Issues Drive Adoption

Celiac disease is increasingly being viewed as a major autoimmune ailment, which can harm the small intestine. In the United States, 1 person in every 133 have been found to have this disease, making food habits and diet changes important. Gluten-free bakery premixes are considered a healthy option and the growing levels of health consciousness among consumers is expected to drive up demand.

Rise in International Tourism Generates Opportunities for Manufacturers

People around the world are increasingly becoming conscious of factors affecting their health. The rising incidences of celiac disease, and lifestyle ailments such as obesity are key drivers of changes in consumer preferences. In addition, increased international travel and tourism particularly to the Asia Pacific is expected to bolster the consumption of breads and related food products, which in turn is anticipated to fuel the demand for Gluten-free Bakery Premix in the forecast period.

Market Segmentation

The global Gluten-free Bakery Premix market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Bread
  • Cakes
  • Pizza Bases
  • Muffin
  • Hamburgers
  • Other Product Types

Application 

  • Bakeries
  • Confectionery Shops
  • Restaurants
  • Household

Distribution Channel

  • Direct Sales
  • Indirect Sales

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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FREQUENTLY ASKED QUESTIONS ABOUT GLUTEN-FREE BAKERY PREMIX MARKET

What drives the Gluten-free Bakery Premix market?

Application of Gluten-free Bakery Premix in minimizing the risk of celiac disease and rising health awareness among consumers drive the Gluten-free Bakery Premix market. The rising consumption of bread and protein nutrition plays a central role in mass-adoption of Gluten-free Bakery Premix.

What is the expect market valuation by the end of 2029?

The global Gluten-free Bakery Premix market is expected to cross US$ 486 Mn in market value by the end of forecast period (2029).

Which region will lead the global sales of Gluten-free Bakery Premix?

Europe will lead the global sales of Gluten-free Bakery Premix. Rising consumer health awareness, and information about the side effects of gluten in European countries is a major factor that drives growth in this region.

Which product segment is likely to witness highest growth?

The bread products segment will register the highest growth in the Gluten-free Bakery Premix market. This growth can be attributed to rising international travel and the demand for plant-based protein sources on a global scale.

Which segment based on application will record the highest growth?

Bakeries are expected to record the highest growth. The rising numbers of international travelers coupled with the popularity of western foods in the Asia Pacific region drive adoption in food service applications.

Which segment based on distribution channels will generate highest demand?

Supermarkets will maintain its share-wide dominance and prevail as the highest demand generator by the end of forecast period. Grocery store channels such and direct to consumer online sales will offer lucrative growth opportunities.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
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Functional Foods and Natural Health Products Market- Detailed Account Of Growth Drivers and Challenges Impacting By 2029

The global functional foods and natural health products market size is expected to reach US$ 32.5 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.3% CAGR between 2019 and 2029. According to the report, the rising demand for natural, healthier, and nutritional food will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

However during the forecast period, Europe will exhibit more lucrative growth opportunities. In terms of functional food product, the market can be classified into bakery & confectionery, dairy, fish & eggs, canola-based, pulses-based, hemp-based, flax-based, oats-based, barley-based, soy,fats and oils

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Associated Health Benefits of Functional Foods and Natural Health Products to Accelerate Market Growth

The digestive system is responsible for catalysing the food products consumed and for the absorption of vitamins and minerals from food and nutritional supplements. Therefore, maintaining digestive health is a significant factor in optimizing nutrient intake and preventing deficiency-related bodily conditions.

Furthermore, the immune cells are also concentrated in the gut region, and a healthy microbiota is necessary for the body. Medical practitioners and individuals realized the associated health benefits, and thus, are recommending a targeted set of the bacterial strain, resulting in the bolstered demand for probiotic supplements, and therefore, the functional foods and natural health products market in the forecast period.

  • The WHO predicts that by 2020, over 65 million people will have dementia and the prevalence of other neurodegenerative brain diseases, like Alzheimer’s, also on the rise. The pressure to produce successful treatments is growing but has proved unsuccessful so far. Scientists are increasingly looking for food products to slow down disease progression and treat symptoms.

Trend of Protein-rich Functional Snackification to Bolster Demand of Functional Foods and Natural Health Products

Japanese manufacturers are trying to make products more nutritious, following the protein trend in food. Consumer awareness concerning healthier ways to pull off weight loss, anti-aging, and other health-related issues through the intake of naturally-sourced protein is captivating many producers to offer protein-fortified products with health benefits. This trend has been an extensive driver for the growth of functional foods and natural health products across the globe.

Moreover, innovations in cheese snacks such as multi whole-grain flour as the base for producing chips and extruded snacks are expanding the consumer base, even from the health-conscious community. Other trends propelling functional foods and natural health products market include the increased demand for organic and naturally-sourced ingredients.

Who is Winning?

Some of the leading players operating in the functional foods and natural health products Market are General Mills, GFR Pharma, Herbalife, Cargill Inc., Amway, and others.

As a result of increasing competition, functional foods and natural health products manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Market Segmentation

The global functional food and natural health products is segmented in detail to cover every aspect of the market and present complete market intelligence to

By Functional Food Product

  • Bakery & Confectionery
  • Dairy
  • Fish & Eggs
  • Canola-based
  • Pulses-based
  • Hemp-based
  • Flax-based
  • Oats-based
  • Barley-based
  • Soy
  • Oils & Fats
  • Others

By Natural Health Product

  • Probiotics
  • Proteins & Amino Acids
  • Phytochemical & Plant Extracts
  • Prebiotics
  • Fibers & Specialty Carbohydrates
  • Omega-3 Fatty Acids
  • Carotenoids
  • Natural Vitamins
  • Natural Minerals

By Natural Health Product Form

  • Capsules
  • Tablets
  • Soft Gels
  • Other

By Region

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Oceania
  • Middle East & Africa

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FREQUENTLY ASKED QUESTIONS ABOUT FUNCTIONAL FOOD AND NATURAL HEALTH PRODUCTS MARKET

What drives the functional foods and natural health products market?

Ans. Availability of a wide range of functional foods and natural health products has enabled consumers to have more options while buying products. Similarly, heavy advertising and promotional initiatives from functional foods and natural health products companies has increased the awareness among consumers, besides creating competition in the market.

Which factors put market players at risk?

Ans. Regulations around functional foods and natural health products vary from country to country due to which functional foods and natural health products manufacturers have to work closely with regulatory agencies and governments in order to capitalize on future market opportunities during which rules and regulations are altered.

Which region will lead the global sales of functional foods and natural health products?

Ans. North America will lead the global sales of functional foods and natural health products with market share of 24% in 2019.

Which natural health product segment offers most lucrative growth opportunities?

Ans. Omega-3 fatty acids segment is expected to show lucrative growth opportunities in the forecast period. The rising demand for food with added benefits such as functional foods and natural health products has created scope for the expansion of the segment. Which segment based on functional food product will record the highest growth?

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Website: 
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Activated Charcoal Supplements Market Analysis, Business Prospects Research Report Foresight To 2029

Activated charcoal will garner increasing consumer demand on the back of increasing end-use industry applications and awareness about its medical properties. The market is set for an astounding growth trajectory of more than 11% from 2019 to 2029. Major drivers of this growth are multiplying consumer traction from millennial as well as geriatric population, and government regulations on industrial wastewater treatment. Activated charcoal supplements are effective in treating indigestion, diarrhea, and flatulence conditions. It is manufactured from eco-friendly raw materials such as coconut shells, olive stoners, peat, fruit pits, and saw dust.

Surging intestinal diseases coupled with eco-friendly properties of activated charcoal will drive growth for activated charcoal supplements between 2019 and 2029. The activated charcoal supplements market will grow at an astounding CAGR of more than 11% during the forecast period.

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Raw materials used in manufacturing charcoal such as coconut shell, olive stones, peat, fruit pits, and saw dust are organic in nature. Diseases such as acute indigestion, diarrhea, and flatulence are effectively treated with activated charcoal supplement tablets and capsules. On top of these factors, the rising awareness about the benefits of activated charcoal will drive growth through the end of 2029.

Key Takeaways of Activated Charcoal Supplements Market Study

  • Powder product types will gain maximum growth owing to its highly soluble nature. The segment exhibits continued share-wide dominance through the end of 2029.
  • Tablets are second most demanded product type owing to the popularity of tablets among geriatric population which forms a majority of activated charcoal supplement consumers.
  • North America holds over 1/4th of the market share, followed by Latin America and Europe which collectively account for more than 1/4th of the total market value.
  • East Asia offers the most remunerative growth opportunities with an astounding 13% CAGR during the forecast period.
  • Drug stores generate maximum sales which makes this sales channel a leader in the segment. This is followed by health & beauty stores that cater to the millennial audience.

Industrial Use-Cases Bolster Sustainable Growth

Industrial purification employs activated charcoal to effectively control mercury levels. Governments around the world are introducing stringent regulations to keep industrial pollution in check. In the near future, it is expected that activated charcoal will bolster growth in many industrial use-cases such as coal-fired power plants, clinker cement plants, and other industries that use large boilers in the manufacturing process. Market players stand to gain from this industrial trend, given they are prepared with innovative applications of activated charcoal supplement in various applications such as water treatment, hydrogen sulfide removal, chlorine removal, and air purification.

Who is winning?

Winners in the activated charcoal supplements market strategically position their R & D centers, adopt innovative development strategies, and embrace industry 4.0 technologies such as Industrial Internet of Things, cloud computing, artificial intelligence, and machine learning. Market players that embody this winning personality in different capacities are ADA-ES, Inc., Boyce Carbon, Jacobi Carbons AB, Cabot Corporation, Calgon Carbon Corporation, CarboTech AC GmbH, Evoqua Water Technologies LLC, Osaka Gas Chemicals Co, Oriental Trading Co., Ltd., and Kalpachar Products Pvt.

Market Segmentation

The global activated charcoal supplement market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Capsules
  • Tablets
  • Powder
  • Others (Granules, Gel, etc.)

By Sales Channel

  • Drug Stores
  • Health & Beauty Stores
  • Modern Trade
  • Third-Party Online Channels
  • Company Online Channels
  • Practitioner Channels

By Primary Function

  • Antidiarrheal
  • Detoxification
  • Anti-Bloating

Region

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

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Key Questions Answered in the Report

What drives the activated charcoal supplements market?

Increasing number of geriatric consumers coupled with a surge in intestinal diseases drive the activated charcoal supplements market.  Activated charcoal supplement is gaining advocates in the form of satisfied consumers that acts as driver for the growth of this market.

Which factors put market players at risk?

Disproportionate raw material availability put market players at risk. Stringent regulatory standards for industrial end-uses present restraints to an otherwise spurring activated charcoal market. Market players can circumvent these risks by research and development of efficient application of activated charcoal supplements.

Which product-type segment offers most lucrative growth opportunities?

Powder provides the most lucrative growth opportunities. Its highly-soluble nature enables numerous applications in versatile industries. Tablets is another segment that follows powder product types in terms of revenue generation.

Which segment based on sales channel will record the highest growth?

Drug Stores will record the highest growth in terms of sales channels. It currently dominates the market with a market share of more than 35% with continued growth during the forecast period.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
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Skin Care Devices Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

Consumer quest for “something more” and a chain of technological advancements providing exquisite functionalities have streamlined the current drive for devices in the beauty industry. As per a new study by Future Market Insights, this trend is advancing on the back of highly efficient integration of technologically-enabled devices and diagnostics. The skin care devices market will therefore record impressive growth in the upcoming decade. As per FMI, the market is expected to reach US$ 18.53 Bn by the end of 2021.

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Smart skin treatment devices are the next big thing in beauty industry. Retail shelves are being loaded with the influx of smart devices. Industry giant L’Oreal developed a motorized skin treatment device offering a range of cleansing and massaging options in response to vocal instructions from the user, subsequently providing smart audio feedback and guidance via an integrated speaker when in use. The device offers a range of functions including sensitive cleansing, deep cleansing, pore cleansing, facial massaging, eye area massaging, make-up application and even skin rejuvenation or stimulation.

Digital tools are turning as the bandwagon of beauty and personal care industry. With the advent of personalization trend, at-home diagnostic devices and personalized beauty devices are gaining momentum. In the past product purchase pattern was streamlined by consumer reviews, brand marketing and distribution pattern; however, present date purchase decisions are getting more personal and consumer-centric, enabled by personalized beauty devices.

Skin care devices appeal to a wider audience across regional boundaries, a fact capitalised by industry leaders Proctor & Gamble Company and Clarisonic. L’Oreal is set to enter the personalized beauty device industry with the advent of PERSO, a smart device that creates custom formulas for lipstick, foundation and skin care. Le Teint Particulier formula, a patented product of Lancome Paris, L’Oreal, is customized to your precise skin tone measurements using a proprietary algorithm that analyzes and then matches your exact skin tone.

Key Takeaways from the Skin Care Devices Market Study

  • FMI has forecast skin care devices market to rise at 15% CAGR between 2021 and 2031
  • Social media influence and increasing spending on smart technologies driving sales in the U.S., which also accounts for 83% of North America market
  • The U.K. will emerge as a highly lucrative market exhibiting double-digit y-o-y growth at above 12% in 2021
  • Germany and France too will continue exhibiting increasing demand for skin care devices
  • Expansion of the beauty industry will support remarkable expansion in East Asia. China, South Korea, as well as Japan are likely to register double-digit growth

 “Artificial Intelligence (AI) driven, customized, at-home beauty devices are the future of beauty industry, offering routine, high-tech customized skin care and makeup” says an FMI analyst.

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Who is winning?

Key players in the skin care devices market are Koninklijke Philips N.V., Pure Daily Care, Shenzhen Mareal Technology Co., Ltd, L’Oreal S.A (ModiFace), Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd., home skinovations ltd., TRIA Beauty Inc, Proctor & Gamble Company, PhotoMedex Inc., Carole Cole Company Inc., Lumenis, MTG Co. Ltd., DD Karma LLC, and FOREO, among others.

Targeted and unique product offerings by market players are undertaken to gain competitive edge. They are using advanced technologies to offer smart skin care solutions to consumers.

For instance:

  • FOREO’s Espada runs blue light acne therapy firing led light energy into pores to attack acne-causing bacteria. Similar trend has been witnessed with respect to diagnostic devices.
  • Sony developed a device that can analyze the condition of the skin while being able to detect blemishes even before appearing on skin.
  • NuFace Trinity Facial Toning device employs microcurrent technology to give a lift to the cheeks, brows and jawline for up to 24 hours. The device assists in reducing the appearance of wrinkles, improve facial contours, and help brighten skin tone.

Besides this, there is immense focus on strategic tie ups. For instance:

  • Unilever Group operates within the market via French cosmetic brand ioma, a brand whose expertise lies in analysing the condition of the skin and developing appropriate treatment devices to cater to the result.

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