Market Research Blog – Page 1555 – New Product Development

Global Disposable Cups Market Set for 6.2% CAGR Growth, Reaching US$21.1 Billion by 2033 Amid Quick Service Restaurant Boom

In 2023, the market for disposable cups is anticipated to be worth US$ 11.6 billion worldwide. From 2023 to 2033, it is anticipated to surge at a CAGR of 6.2% .By 2033, the market is anticipated to be worth US$ 21.1 billion . In 2023, it is predicted that the top 3 nations would account for 40% to 45% of the market.

The disposable cups market is witnessing significant growth due to the rising demand for convenience and hygienic food and beverage packaging solutions. With the increasing consumption of on-the-go beverages and the growing trend of takeaway culture, disposable cups have become an essential part of daily life. Driven by factors such as urbanization, busy lifestyles, and the expansion of the foodservice industry. Additionally, innovations in biodegradable and eco-friendly cup materials are catering to the environmental concerns of consumers, further propelling market growth.

The Asia-Pacific region, particularly China and India, is expected to witness robust growth due to the rising disposable incomes and changing consumer preferences. However, the market faces challenges from stringent environmental regulations and the increasing popularity of reusable alternatives. Despite these challenges, continuous advancements in material technology and increasing investments in sustainable solutions are expected to create new growth opportunities in the Disposable Cups Market.

Key Takeaways from Disposable Cups Market

Less than 250 ml disposable cups by capacity is projected to hold a substantial disposable cups market share of 52% by 2033.
By material, the paper disposable cups segment is anticipated to accelerate at a CAGR of 0% between 2023 from 2033.
The beverages segment by application is expected to create an absolute dollar opportunity of US$ 7.0 million during the forecast period.
Europe followed by South Asia is estimated to generate high demand for disposable cups, accounting for around 44% of share by 2033.
Australia disposable cups market is projected to exhibit a CAGR of 0% from 2023 to 2033.

“Increasing demand for on-the-go snacking is projected to propel sales of tea, coffee, lemonade, and soft drinks worldwide. It is projected to drive disposable cups sales in the next ten years. Key companies are likely to develop new cups with innovative materials to attract a large consumer base,” says a lead Future Market Insights analyst.

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Demand for Sustainable Packaging to Create New Growth Opportunities for Disposable Cups Manufacturers

Innovation is important because it aids businesses in market penetration, the creation of better prospects, and customer engagement. The disposable cup market offers significant potential for innovation to provide high-quality food service goods. Paper cups can help to get around few of the problems with plastic cups. It might also aid in expansion for throwaway cups.

For instance,

In July 2021 , following single-use plastic ban in the European Union, Vegware updated their disposable cups’ design to comply with the single-use plastics directive.
In June 2021 , Novolex launched a new manufacturing line to produce compostable cups from plant-based plastic (polylactic acid) which appears, behaves, and performs just like a traditional plastic cup.

Plastic Ban in Significant Regions is Expected to Deter Disposable Cup Sales

Single-use plastic damages wildlife, flora, and fauna. It also pollutes the environment and uses up vital natural resources in its production. Due to the massive amount of plastic waste in landfills and the ocean, several nations have outlawed single-use plastics.

Around 15 million metric tonnes of plastic debris are dumped into the ocean annually, according to Oceana Inc. Every minute, around two trucks worth of plastic trash are produced and dumped into the ocean. More than any other nation, the USA produces a substantial amount of plastic waste. Devastating effects may result from the rapid increase in terms of plastic manufacturing.

Expanded polystyrene products are no longer available and are even prohibited in Europe. Purpose of this new rule named Single-Use-Plastics (SUP), is to lessen negative effects that plastic has on both human health and the aquatic environment.

The order was incorporated into national law and became effective on July 3, 2021. Any nation that violates these duties will pay a price. Numerous countries are imposing restrictions on single-use plastics, which is impeding expansion of the disposable cup business.

Competition Landscape: Disposable Cups Market

Key players operating in the global disposable cups market are Pactiv LLC, Berry Global Group, Inc., Dart Container Corporation, Huhtamaki Oyj, Detpak (Detmold Group), Georgia-Pacific LLC, Greiner Packaging International GmbH, and Genpak, LLC.

Also, few of the other noticeable players in the market are Fuling Plastic USA, Inc., Churchill Container, ConverPack Inc., FrugalPac Limited, Go-Pak Group, Grupo Phoenix Capital Limited, CEE Schisler Packaging Solutions, F Bender Limited, SEDA International Packaging Group S.p.A., Duni Group Global, and Stanpac Inc. and others. Tier 1 players in the market hold 15 to 20% in the global disposable cups market.

Disposable Cups Market Outlook by Category

By Material Type:

Paper
Plastic
Foam
Bagasse

By Capacity:

Less than 250 ml
250 to 750 ml
Above 750 ml

By Application:

Food
Spreads
Sausages & Dressings
Confectionary
Dairy
Ice Cream
Yogurt
Drinks
Beverages
Hot
Cold

By Sales Channel:

Manufacturers (Direct Sales)
Retail
Hypermarket
Supermarket
Convenience Stores
Specialty Stores
Distributors
Online

By End Use:

Commercial Use
Hotels & Cafes
Full Service Restaurants
Quick Service Restaurants
Venues & Catering
Mobile Food Vendors
Bakery & Patisserie
Institutional Use
Schools & Colleges
Offices
Hospitals
Airports & Railways
Household Use

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
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Website: https://www.futuremarketinsights.com
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Global Glass Container Market to Reach US$89.3 Billion by 2034, Driven by Beverage Industry and Eco-Friendly Initiatives

The global glass container market, currently valued at USD 63.8 billion, is on a promising growth trajectory, anticipated to reach USD 89.3 billion by 2034. This robust growth is driven by a compound annual growth rate (CAGR) of 3.4% over the forecast period. In 2023, the market’s valuation stood at USD 61.3 billion, and it is expected to exhibit a year-on-year (Y-o-Y) growth rate of 4.2% in 2024.

The unique features of glass, such as chemical durability, optical properties, transparency, and low cost ensure its continued success over the years. Future Market Insights (FMI) offers insights into key factors driving demand for glass containers. The report tracks the global sales of glass containers in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the beverage industry in general, and glass containers in particular.

Key Takeaways

The alcoholic beverage industry has a strong influence on the glass container market since a majority of manufacturers sell alcoholic drinks filled in glass bottles.
Alcoholic drinks comprise one of the most lucrative segments within the beverages industry, accounting for a higher market share in terms of volume in comparison to other end-use applications.
The development of innovative and lightweight products with attractive designs and vibrant color combinations at lower production costs have remained a key growth enabler.
Demand for glass is augmented by the strong growth evident in the luxury packaging world, particularly in liquor and cosmetics.
The luxury packaging market is gaining traction across the globe. Key market participants are introducing various luxury packaging products to increase their product line and market share.
The U.S. will remain one of the most lucrative markets throughout the course of the forecast period. According to the 2019 National Survey on Drug Use and Health (NSDUH), nearly 85.6% of people aged 18 years or above consume alcohol at some point in their lifetime.
Due to an increase in alcoholic beverage consumption, Germany is expected to remain one of the highly lucrative markets for glass containers.

Competitive Landscape

Ardagh Group S.A, Amcor Plc, Consol Glass (Pty) Ltd, Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd, Wiegand-Glas, Vidrala S.A. are some of the key companies profiled in the full version of the report.

It is estimated that the glass container market will welcome new entrants in the coming years, due to an increase in consumer preference for environment friendly products. Soon, multinationals and other established players in the market are likely to focus on expansion. Besides this, the focus on expansion will continue to increase through the forecast period.

More Insights into the Glass Container Market

FMI has projected the U.S. to remain one of the most lucrative markets throughout the course of the forecast period. According to the 2019 National Survey on Drug Use and Health (NSDUH), nearly 85.6% of people aged 18 years or above reported consuming alcohol at some point in their lifetime. With alcohol consumption forecast to rise consistently, the demand for glass containers is expected to increase in response.

Due to an increase in alcoholic beverage consumption, Germany is expected to remain one of the highly lucrative markets for glass containers. As per the American Addiction Centers, Inc. (AAC), an average citizen in Germany consumes 11.3 liters of alcohol in a year while the global average is 8.9 liters.

Owing to the COVID impact there has been a surge in demand for glass containers like ampoules, vials, bottles, and others in China. The demand rose further with a high number of COVID-19 cases. The rise in the demand for glass containers is influenced by various factors.

Glass containers being one of the most preferred packaging formats for luxury items like perfume, cosmetics, and others find increasing demand within France’s booming cosmetics and perfumery packaging sector.

As per British Soft Drinks Association, glass accounted for nearly 7% of the total soft drink packaging formats in 2019. However, when it comes to alcoholic beverages, this share for glass packaging reaches 80% of the total packaging formats used for the packaging of alcoholic beverages.

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Key segments

Product Type

Glass Bottle
- Sauce / Syrup Bottle
- French Square Bottle
- Boston Rounds Bottle
- Glass Jug
- Others (Rio rounds, woozy bottles, pill packer etc.)
Glass Jar
- Mason Jar
- Hexagonal Glass Jar
- Paragon Glass Jar
- Straight Sided Jar
- Others (Facet jar, tempered round jar, etc.)
Glass Vial
- Food Grade Vial
- Pharma Grade Vial
Candle Glass Container

Color

Amber Glass Container
Blue Glass Container
Clear Glass Container
Frosted Glass Container
Other Coloured Glass Container

End-Use Industry

Cosmetics & Perfumes
- Perfumes
- Color Cosmetics
Pharmaceuticals
Food Packaging
- Generic Food Packaging
- Specialty Food Packaging
Beverage Packaging
- Alcoholic Beverages
- Non Alcoholic Beverages
Other Products

Region

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

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Global Protective Packaging Market Projected to Reach US$ 47.8 Billion by 2034, Driven by Food, Pharma, and E-commerce Sectors

The protective packaging market, poised to ascend from $29.7 billion in 2024 to $47.8 billion by 2034 at a 4.70% CAGR, caters to diverse industries. Retailers, encompassing both supermarkets and online platforms, lead consumption, relying on protective packaging to ensure products reach consumers in optimal condition. In the food and beverage sector, protective packaging plays a pivotal role, in safeguarding against contamination and spoilage.

The pharmaceutical, healthcare, electronic goods, and logistics industries are also major consumers, emphasizing the crucial role of protective packaging in maintaining product integrity during transportation. However, the market grapples with sustainability concerns, with businesses increasingly seeking eco-friendly alternatives to address their carbon footprints.

The surge in online shopping has significantly boosted the demand for effective protective packaging. As e-commerce continues to expand, the need for secure and reliable protective packaging solutions is set to rise sharply. In 2022, the global protective packaging market accounted for an estimated 2 to 4% of the overall packaging market, valued at US$ 980 billion, indicating its growing importance.

Furthermore, environmental consciousness is driving a shift towards eco-friendly protective packaging solutions. Consumers are increasingly seeking packaging that is biodegradable, compostable, sustainable, or recyclable. This green trend aligns with the growing global focus on sustainability and responsible consumption.

Additionally, modern protective packaging is designed to enhance the customer’s unboxing experience, capitalizing on the popularity of unboxing videos created by social media influencers. Consumers now expect high-quality unboxing experiences that they can share with their online communities, further boosting the demand for innovative protective packaging solutions.

In terms of material, plastic dominates the global protective packaging market, holding an estimated market share of around 52% in 2023. The widespread availability of plastic as a raw material, coupled with its excellent protective barrier properties, makes it a preferred choice in the industry.

Overall, the protective packaging market is poised for substantial growth, driven by the interplay of factors such as e-commerce expansion, sustainability concerns, and the desire to create memorable unboxing experiences for consumers.

Key Takeaways:

Plastic protective packaging solutions command a substantial market share of 52.10% in 2024, emerging as the predominant choice.
Protective packaging for void-filling secures a robust market lead, claiming a solid 26.60% market share in 2024.
The protective packaging market in India is predicted to grow at a remarkable CAGR of 6.10% through 2034.
The protective packaging market in China is predicted to rise at a stable 5.50% CAGR through 2034.
The protective packaging market in Thailand has the potential to increase at 5.00% CAGR through 2034.
The South Korean protective packaging market is predicted to rise by 4.30% CAGR through 2034.
The protective packaging market in the United Kingdom is predicted to grow at a CAGR of 4.00% through 2034.

Business Growth Opportunities:

E-commerce Boom: With the continuous growth of online shopping, there’s a significant opportunity for protective packaging providers to cater to the increasing demand for secure and efficient packaging solutions for shipping.
Sustainable Packaging Solutions: Consumers are increasingly valuing eco-friendly packaging. Businesses can capitalize on this trend by offering sustainable and biodegradable protective packaging options, aligning with the growing environmental consciousness.
Customization and Branding: Companies can differentiate themselves by providing customizable protective packaging solutions that not only protect the product but also serve as a branding tool. Offering personalized and visually appealing packaging can attract more customers.
Global Expansion: As businesses expand their reach globally, there’s a growing need for reliable and efficient protective packaging during transportation. Companies can tap into international markets by offering tailored solutions for diverse shipping requirements.
Technology Integration: Incorporating technology like smart packaging with tracking capabilities or temperature-sensitive indicators can add value to protective packaging. Businesses can explore innovative ways to enhance the functionality and traceability of their packaging solutions.

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Industry Trends in the Protective Packaging:

Eco-Friendly Materials: A growing trend involves the use of sustainable and biodegradable materials in protective packaging, driven by consumer preferences and environmental regulations.
Smart Packaging: The integration of technology, such as RFID tags and sensors, for real-time tracking and monitoring of shipments is on the rise. This enhances supply chain visibility and ensures the safety of the products.
Flexible Packaging Solutions: The demand for flexible and lightweight protective packaging is increasing, especially in industries like food and electronics. This trend is driven by the need for cost-effective and space-efficient packaging options.
E-commerce Packaging Innovations: With the surge in e-commerce, there is a trend toward developing packaging solutions that optimize space, reduce waste, and provide better protection for products during transit, meeting the unique challenges of online retail.
Customization and Personalization: Businesses are increasingly looking for protective packaging solutions that can be customized to fit specific product dimensions and requirements. This trend aligns with the need for a tailored approach to packaging for different industries and products.

Key players Covered-

Sealed Air Corporation,
Crown Holdings Inc,
Sonoco Products Company,
Winpack Ltd,
Smurfit Kappa Group
DS Smith Plc
WestRock Company
Schur Flexibles Holding GesmbH
Greif
International Paper Company
Nefab Group
Cascades Inc

Market Segmentation:

By Type:

Rigid Protective Packaging
Flexible Protective Packaging
Foam Protective Packaging

By Material:

Foam Plastics
Paper & Paperboard
Plastics
Others

By Function:

Cushioning
Blocking & Bracing
Void Fill
Insulation
Wrapping

By Application:

Food & Beverage
Industrial Goods
Healthcare
Automotive
Cushioning
Household Appliances
Others

By Region:

North America
Latin America
Middle East and Africa
Asia Pacific
Europe

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Global Anti-Counterfeit Pharmaceutical Packaging Market to Reach US$246.6 Billion by 2033, Driven by AI and QR Code Innovations

The anti-counterfeit pharmaceutical packaging market is estimated to be worth US$ 108.1 billion in 2023 and is projected to be valued at US$ 246.6 billion in 2033. Between 2023 and 2033, the market is expected to register a growth rate of 8.6%.

Increasing awareness of patients and consumers about the risks of counterfeit medicines is driving the market growth. They are increasingly demanding products with enhanced security features and packaging that guarantees the authenticity of pharmaceuticals.

The increasing prevalence of counterfeit pharmaceuticals poses a significant threat to public health. As awareness of this issue grows, pharmaceutical companies and regulatory bodies are taking strong measures to combat counterfeiting. It is done through advanced packaging solutions, which in turn drives the demand for anti-counterfeit pharmaceutical packaging.

Continuous advancements in anti-counterfeit technologies have made it feasible and cost-effective for pharmaceutical companies to implement robust security measures. Increasing strict regulation by governments and regulatory agencies for pharmaceutical packaging is likely to drive the market throughout the forecast period.

The growth of online pharmaceutical sales and e-commerce platforms has made it easy for counterfeit drugs to enter the market. E-commerce platforms are adopting anti-counterfeit packaging to protect consumers. The pharmaceutical industry’s continued growth and expansion into emerging markets are driving the need for anti-counterfeit measures.

Key Takeaways

From 2018 to 2022, the anti-counterfeit pharmaceutical packaging market demand expanded at a CAGR of 6%
Based on printing technology, the RFID segment is expected to account for a market share of 7.8% during the forecast period.
Global anti-counterfeit pharmaceutical packaging demand in the United Kingdom is predicted to account for a CAGR of 8.4% through 2033.
In the United States, the market is expected to account for a CAGR of 8.5% between 2023 and 2033.
China is projected to expand by a value CAGR of 8.3% through 2033.
By 2033, India’s anti-counterfeit pharmaceutical packaging market is anticipated to record a CAGR of 8.0%.

“ The increasing consumer awareness and expansion of the pharmaceutical industry globally is anticipated to drive the market growth during the forecast period.” says an FMI analyst .

Competitive Landscape

Leading anti-counterfeit pharmaceutical packaging manufacturers increasingly focus on expanding their product offerings to strengthen their customer base. They are adopting growth strategies such as new product launches, partnerships, acquisitions, mergers, collaborations, etc. They expand their global footprint and gain a competitive edge in the market by following these strategies.

Some pharma companies have set up departments whose primary function is safeguarding their brand name from counterfeiting and illicit replication, raising the demand for anti-counterfeit pharmaceutical packaging.

IBM has been exploring the use of blockchain technology in pharmaceutical supply chains. They have collaborated with various pharmaceutical companies and regulatory bodies to create transparent and secure systems for tracking the provenance of pharmaceutical products
Systech offers serialization and traceability solutions for pharmaceutical companies. Their platform helps pharmaceutical manufacturers comply with track-and-trace regulations and provides real-time visibility into the supply chain.
Optel Group provides traceability and serialization solutions for the pharmaceutical industry. They have actively implemented track-and-trace systems to prevent counterfeit drugs from entering the supply chain.

Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global anti-counterfeit pharmaceutical packaging market, providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.

To understand opportunities in the anti-counterfeit pharmaceutical packaging market, the market is segmented based on Packaging Format (Bottles & Jars, Vials & Ampoules,Blisters,Trays,Pouches & Sachets, Others (Tubes, Syringes, etc.)) By Printing Technology (RFID, Security Inks & Coatings, Security Seals, Holograms, Mass Encryption, Barcode, Mass Serialization) By Adhesion (Permanent, Removable, Repositionable)By End-application (Pharma & Biological, Medical & Supplies, Gloves, Scissors, Syringes & Needles, Surgical Tapes, Others, Medical Equipment, Surgical, Therapeutic, Diagnostic) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

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Market Segmentation for Anti-counterfeit Pharmaceutical Packaging

By Packaging Format:

Bottles & Jars
Vials & Ampoules
Blisters
Trays
Pouches & Sachets
Others (Tubes, Syringes, etc.)

By Printing Technology:

RFID
Security Inks & Coatings
Security Seals
Holograms
Mass Encryption
Barcode
Mass Serialization

By Adhesion:

Permanent
Removable
Repositionable

By End-application:

Pharma & Biological
Medical & Supplies
Gloves
Scissors
Syringes & Needles
Surgical Tapes
Others
Medical Equipment
Surgical
Therapeutic
Diagnostic

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

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Shisha Tobacco Market is Projected to Reach USD 4,306.6 Million by 2033 | Report By FMI

According to the latest data from Future Market Insights (FMI), the shisha tobacco market reached an estimated value of approximately USD 2,909.4 million in 2023. FMI projects that by 2033, this market is expected to soar to around USD 4,306.6 million, with a compound annual growth rate (CAGR) of 4.0% from 2023 to 2033.

Currently, there’s a notable proliferation of shisha bars and lounges, leading to a significant demand for diverse flavored tobacco products. Available flavors range from herbal and fruity to dessert varieties.

Shisha, commonly referred to as hookah or water pipe tobacco, involves the production, distribution, and consumption of flavored tobacco smoked through a water pipe. It has a rich historical presence, particularly in regions across Asia, Africa, and the Middle East.

An interesting thing to note over here is that various flavors offered through shisha molasses render shisha tobacco an attractive product, particularly for the ones who want to quit smoking. Aesthetics has also got to play a vital role over here. In other words, hookah apparatus is designed such that it has a visually attractive appeal. This another factor keeping the hopes high for shisha tobacco market going forward.

There is another reason for the shisha tobacco market growing at an exponential rate. The consumers who are focusing on cutting down on cigarettes are getting to hookah smoking. They carry the impression that majority of nicotine is absorbed by water during such sort of smoking. However, when there would be an upsurge in awareness regarding the fact that shisha tobacco smoking is all the more injurious than cigarette smoking, the tables would turn.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Shisha Tobacco Market’. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.

Key Takeaways from Shisha Tobacco market

North America holds a significant market share with the US being home to several manufacturers like Tangiers, Fumari Hookah, and likewise. Also, organizations are into progressive diversification of shisha tobacco products like hookah and hookah parts, coal, flavors; which does facilitate customers with one-stop shopping destination for the smoking products.
Europe holds the second-largest market share with the UK witnessing an ever-increasing demand for local varieties in terms of flavor. Also, it has been observed that customers get more drawn toward new flavors if they could be well-related to; thereby growing in sales.
The Asia-Pacific is expected to grow at a rapid pace in the shisha tobacco market with China being the biggest contributor. Also, the flourishing tourism sector in India and China does attract several individuals every single year. Additionally, there are stern laws enacted in the country regarding not letting individuals smoke in the public areas; which, in turn, would accelerate the sales of hookah equipment for commercial (HoReCa and bars) as well as residential sectors.
MEA is another region driving the shisha tobacco market with a major chunk of population into shisha tobacco smoking.

Competitive Shisha Tobacco

Al Fakher Tobacco Trading, in 2022, did expand offering with respect to travel retail through launching Double Kick, that too, Dubai Duty Free. This line does feature 3 initial flavors inclusive of Grape & Mint, Mint, and Two Apple. Every flavor is available in the novel 200g format.
Gulbahar Tobacco International, in 2020, did tie up with JC Decaux for launching one of the biggest marketing campaigns inside Dubai airport. This campaign does feature Milano fan pack (its prominent pack).

Key Players Are:

FUMARI
Haze Tobacco
Al Fakher Tobacco Factory
SOCIALSMOKE
Japan Tobacco Inc.
SOEX
Prince Molasses
Romman Shisha
Mazaya
Ugly Hookah
Cloud Tobacco
Flavors of Americas S.A.
Al Amir Tobacco
STARBUZZTOBACCO.
Nakhla
MujeebSons
Godfrey Phillips India Ltd.
The Eastern Company
ALWAHA-TOBACCO
Others (As per Request)

Get Full Report Here: https://www.futuremarketinsights.com/checkout/7590

What does the Report Cover?

The research study is based on product type (strong shisha tobacco, mild shisha tobacco, and light shisha tobacco), by flavor (fruit, chocolate, caramel, mint, blended, and likewise), and by sales channel (direct sales, supermarkets/hypermarkets, specialty stores, convenience stores, online retailers, and other sales channels).
With shisha lounges and bars getting popular, the global shisha tobacco market is expected to witness grandeur in the forecast period.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Aloe Vera Gel Market Projected to Reach USD 712.3 Million by 2032 at a CAGR of 7.8%

The global aloe vera gel market, valued at USD 337.7 million in 2022, is anticipated to escalate to USD 712.3 million by 2032, showcasing a 7.8% CAGR from 2022 to 2032. This trajectory is estimated to yield an absolute $ opportunity of approximately USD 374.6 million by 2032 on a global scale.

A recent half-yearly analysis by FMI reveals promising growth prospects for the global Aloe vera gel market. While the overall market witnessed a healthy increase of 7.7% in the first half of 2021 (H1 2021), the report highlights key trends shaping the industry’s future.

Factors Influencing Market Growth:

Demographic Shifts: Growing health consciousness and a rising population in developing regions are fueling demand for natural and organic products like Aloe vera gel.
Focus on Innovation: Market players are constantly innovating, introducing new product formulations and applications for Aloe vera gel, catering to diverse consumer needs.
Macroeconomic and Industry Trends: Overall economic conditions and developments within the health and wellness industry also play a significant role in market growth.

Developing Markets Take the Lead:

The report underscores a disparity in growth rates across regions. Developing markets are experiencing a surge in demand for Aloe vera gel, with H1 2021 recording an impressive growth rate of 8.6%. This outpaces the projected growth for mature markets, indicating a potential shift in market dynamics.

Key Takeaways

Due to changing consumer preferences towards healthy lifestyles and inclination towards practices such as gyming, yoga, and healthy food consumption. These factors have surged the demand for health-related products including organic food and natural ingredient-based cosmetics.
Aloe vera gel is widely used in ample industries including food & beverage, healthcare, and cosmetic industries. There is a surge in aloe vera-infused products owing to its several benefits and the potential opportunity offered by this consumer segment.
Backed by several health benefits offered by aloe vera gel containing significant amounts of essential nutrients such as vitamins, amino acids, enzymes, sugars, and hormones is expected to drive the market growth.
Aloe vera gel is drastically gaining traction owing to its medicinal, herbal, and remedial properties as it is derived from the inner leaf of the plant, comprising majorly of water content and minerals, hormones, enzymes, vitamins, amino acids, and sugars in small amounts.
The surging consciousness among consumers to look good and enhance their outer appearance has majorly led to the growth of the cosmetics and personal care industry that is in return paving the way for the aloe vera gel market.
Emerging economies such as India and China are witnessing an increase in consumption patterns which is resulting in increased demand for the Aloe Vera Gel market. In addition to that, various other market segments are expected to have a fair performance and attain promising growth prospects in the next half of the projection period.

Competitive Landscape

Terry Laboratories, Inc.,
Aloe Laboratories Inc.,
Lily of the Desert,
Patanjali Ayurved Ltd.,
Aloecorp, Inc.,
L’Oréal S.A.,
Herbalife International, Inc.,
Aloe Farms, Inc.,
Natural Aloe De Costa Rica, S.A,
Real Aloe Solutions Inc.,
Now Health Group, Inc.,
Aroma Treasures,
Fruit of the Earth, Inc.,
Nature’s Essence Pvt. Ltd.,
Forever Living Products International, Inc.,
Nature Republic Co., Ltd.

are some of the key companies profiled in the full version of the report.

There are immense opportunities for market participants in the aloe vera gel market, owing to the enormous use of aloe vera gel as a dietary supplement and as an ingredient in the cosmetic industry for the removal of acne, revitalizing skin, smoothing the skin and hair, for skin treatments, and more. Aloe vera gel is also used for juices and as a food ingredient for providing additional nutritional supplements and instant energy.

Due to various applications, an increase in the consumption of aloe vera gel can be predicted in the coming years. This is expected to provide opportunities for the aloe vera gel manufacturers to expand their operations in order to meet the uplifting demand in the market.

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More Insights into the Aloe Vera Gel Market

The APAC region is expected to dominate the global aloe vera gel market throughout the forecast period with a robust CAGR of 8.8%. Developing countries like China and India are projected to be prominent players in the regional market owing to the rise in the cosmetic and healthcare industry in the region, increasing population, and the increasing spending capacity of consumers.

The United States has been a prominent supplier of aloe vera gel raw material and the end product as well. The key market players in the aloe vera gel market are based in the North American region. Owing to the high presence of market players in the region is expected to boost the sales of aloe vera gel over the forecast period.

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

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Global Prep Refrigerators Market Revenue Estimated to Surge Past USD 12.7 Billion Mark by 2033, Growing Steadily at 4.5% CAGR

The global prep refrigerators market is poised for substantial growth, with an anticipated valuation of USD 8.2 billion in 2023 and a notable Compound Annual Growth Rate (CAGR) of 4.5% forecasted between 2023 and 2033. Fueled by a rising demand for eco-friendly refrigeration solutions, the market is projected to achieve a significant milestone, exceeding a valuation of USD 12.7 billion by 2033.

This impressive growth is driven by the increasing adoption of commercial kitchens, particularly within the thriving food service industry. Insights from Future Market Insights (FMI) reveal that the burgeoning food service sector, especially in emerging economies, is spurring the need for large-scale food production. This surge in food production necessitates specialized equipment, including commercial kitchens, thereby driving the demand for prep refrigerators. The market’s trajectory underscores its pivotal role in supporting sustainable practices within the food industry and emphasizes its significance in meeting the evolving needs of the global culinary landscape.

The growth of the prep refrigerators market is also being driven by the expansion of the food service industry in emerging economies. A growing need for commercial kitchens and food storage solutions has been witnessed, as more people dine out more frequently. The need for customized and flexible refrigeration solutions that can meet the unique needs of individual businesses is also piquing the interest of food service providers in prep refrigerators.

Key Takeaways:

The global prep refrigerators market was valued at USD 7.8 Billion by 2022.
From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
By type, combination refrigerated prep tables are expected to rise in demand at a CAGR of 4.3%.
By distribution channel, online retail stores are expected to dominate the market with a CAGR of 4.2%.

Competitive Landscape:

Prominent players in the prep refrigerators market are TRUE, Empura, Dover Corporation, Electrolux Professional, The Middleby Corporation, Delfield, Nella, New Air, Atosa, Beverage Air, Turbo Air, Universal, Haier Group, Hoshizaki, and Leader, among others.

Recent Developments:

In 2021, True Manufacturing announced the launch of a new line of glass door refrigerators and freezers that use natural refrigerants and are designed to be highly energy-efficient. The company also expanded its production facilities in Missouri to meet the growing demand for its products.
In 2021, Dover Corporation completed the acquisition of So-Low Environmental Equipment Co., a manufacturer of low-temperature freezers and refrigerators. The acquisition is expected to expand Dover’s product portfolio and strengthen its position in the scientific and healthcare markets.
In 2021, Hoshizaki Corporation announced the launch of a new line of prep refrigerators with advanced features such as remote monitoring and digital controls.

More Valuable Insights Available:

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

To understand opportunities in the prep refrigerators market, the market is segmented on the basis of type (prep tables with doors, prep tables with drawers, and combination refrigerated prep tables), by top type (standard top, mega top, and cutting top), refrigeration method (air-cooled, cold wall, and liquid jacket), by distribution channel (offline stores, and online retail store) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Profiled:

By Type:

Prep Tables with Doors
Prep Tables with Drawers
Combination Refrigerated Prep Tables

By Top Type:

Standard Top
Mega Top
Cutting Top

By Refrigeration Method:

Air Cooled
Cold Wall
Liquid Jacket

By Distribution Channel:

Offline Stores
- Hypermarkets
- Departmental Stores
- Multi-brand Stores
- Discount Stores
- Specialty Stores
Online Retail Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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

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Professional Gear Bags Market: Anticipated 4.3% CAGR Growth by 2033

In 2023, the professional gear bags market is estimated to be valued at USD 18,978.67 million, with expectations to exceed USD 29,100 million by 2033. During the forecast period, the adoption of professional gear bags is anticipated to advance at a CAGR of 4.3%. The demand for these bags is being fueled by the shift towards remote work, necessitating gear bags that cater to the changing needs of mobile professionals.

Manufacturers are increasingly adopting sustainable materials such as recycled fabrics, organic textiles, and ethically sourced components to meet the demands of environmentally conscious consumers. This shift not only supports sustainable practices but also resonates with a growing market segment seeking ethical and eco-friendly options. Additionally, with the integration of technology into professional work routines, gear bags are now incorporating smart features to improve functionality.

Professionals increasingly seek gear bags that offer versatility and adaptability for different work settings and activities. Hybrid designs that combine elements of backpacks, briefcases, and messenger bags provide a perfect solution. Manufacturers are exploring convertible and modular designs, allowing users to customize and reconfigure their bags to suit diverse needs, boosting their appeal in the market.

Key Takeaways from the Professional Gear Bags Market:

The United States is spearheading the growth across North America, surging at a CAGR of 4.2% during the forecast period.
Sales of professional gear bags are expected to surge at 3.9% CAGR across China over the next decade.
Germany is expected to grow at a CAGR of 4.1% in the next ten years.
Business traveler carry-on bags are expected to dominate by product type, expected to register a CAGR of 4.7%.
The soft side segment is poised to expand at over 4.5% CAGR during the projected period.

How Key Players are revolutionizing the Manufacturing of Professional Gear Bags market?

Key players in the professional gear bags market are spearheading a revolution in manufacturing, driving innovation and meeting the evolving needs of consumers and professionals alike. These industry leaders are leveraging cutting-edge materials, advanced technology, and ergonomic designs to redefine the market landscape.

A significant trend is the integration of sustainable and eco-friendly materials, aligning with the growing demand for environmentally responsible products. Key players are exploring alternatives to traditional plastics, opting for recycled, biodegradable, and ethically sourced materials to reduce their environmental footprint.

Customization and personalization have gained traction, with top manufacturers offering tailored solutions to cater to individual preferences and professional requirements. This approach enhances user satisfaction, elevates brand loyalty, and opens new avenues for market expansion.

The integration of smart technology and connectivity features is transforming professional gear bags into smart companions for modern consumers. Smart bags equipped with GPS tracking, RFID technology, and device charging capabilities cater to the tech-savvy market segment, further enhancing the value proposition.

The relentless pursuit of durability, weather resistance, and ergonomic design continues to be a hallmark of key players, ensuring that their products withstand the rigors of professional use and provide unparalleled functionality. Through continuous research and development, these industry leaders are reimagining the manufacturing of professional gear bags, ushering in a new era of innovation and user-centric design.

Product Portfolio:

Garmin offers a comprehensive product portfolio, including GPS navigation devices, wearables, marine electronics, and aviation solutions, catering to diverse consumer and professional needs.
Jeppesen specializes in aviation navigation solutions, providing electronic charts, flight planning tools, and data services to enhance safety and efficiency for pilots and aviation operators.
ASA delivers a diverse range of aviation supplies, training materials, and educational resources, serving aspiring pilots and aviation enthusiasts with top-notch training solutions and publications.

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More Insights Available

Future Market Insights offers an unbiased analysis of the professional gear bags market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the professional gear bags market, the report is segmented on the basis of product type (recreational shooter gear bags, business traveller carry-on bags, police patrol gear bags, aviation pilot bags, emergency gear bags, emergency responder bags, camera bags, drone & quads bags and others), price range (premium (above US$ 150), medium (US$ 50-US$ 150) and low (below US$ 50)), casing type (hard side and soft side), material type (nylon, plastic, polyester, leather and others), and sales channel (distributors/wholesalers, hypermarket/supermarket, specialty stores, convenience stores online retailers and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

About Future Market Insights (FMI)

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

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FMI Analysis Affirms Global Flake Ice Machines Market Revenue to Reach USD 2.3 Billion Mark by 2033, Growing at 6.0% CAGR

Future Market Insights forecasts that the global flake ice machines market will reach a value of USD 1.3 billion by 2023. As the tourism industry continues to thrive and urbanization rates soar, the flake ice machines market is poised for substantial expansion. Projections suggest a robust compound annual growth rate (CAGR) of 6.0% between 2023 and 2033, culminating in a market value of around USD 2.3 billion by 2033.

Additionally, there has been a noticeable uptick in the demand for packaged ice in recent years, driven by several factors including convenience, safety, and hygiene considerations. Packaged ice finds applications across various sectors such as food service, retail, healthcare, and transportation. Furthermore, the proliferation of outdoor events such as music festivals, sports events, and camping activities has further bolstered the demand for packaged ice, highlighting its versatility and widespread usage.

Demand Factors

The demand for flake ice machines catering to the production of packaged ice is poised for a notable upswing in the forthcoming years. This surge is fueled by the escalating preference for convenience among consumers, coupled with the proliferation of outdoor events and recreational activities. Packaged ice’s convenience has garnered favor among consumers seeking to circumvent the inconvenience associated with home ice production. Moreover, the burgeoning number of outdoor events and activities has spurred a heightened demand for portable and user-friendly ice machines.

In addition to its utility in the consumer sector, flake ice holds considerable significance in the healthcare industry. Its versatility renders it indispensable for various applications, including organ and tissue preservation, as well as cryotherapy. In the realm of cryotherapy, flake ice plays a pivotal role in skin cooling, facilitating pain and inflammation reduction post-surgeries or injuries. Furthermore, medical laboratories rely on flake ice for storing and transporting samples necessitating a cold environment.

The healthcare sector is undergoing rapid expansion on a global scale, particularly in emerging economies. This growth trajectory is propelled by several factors, including population expansion, the uptick in chronic diseases, and amplified healthcare expenditure. Consequently, this burgeoning healthcare landscape is poised to unveil significant opportunities for market growth within the flake ice machine segment.

Key Companies

Blue Star
Hoshizaki
Ice-O-Matic
Manitowoc Ice
Labman Scientific Instruments
Labsol Enterprises
Scineers
Scotsman Ice Systems
Simag-Italy
Trufrost
Labtron
Ocean Cold Technologies

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Key Segments:

By Application:

Mine Temperature Reduction
Food Processing
Preservation and Cooling Field Application
Medical Facilities
Concrete Cooling Project
Skiing & Other Sports

By Cooling Method:

Air Cooled
Water Cooled

By Storage Capacity:

Up to 250 Kg
250 to 750 Kg
Above 750 Kg

By End User:

Household
Commercial
Industrial

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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

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Tissue Towel Market: Exploring Product Life Cycle Analysis Towards USD 37 Billion by 2033 | FMI Report

In 2023, the tissue towel market is estimated to be valued at USD 25.78 billion, with expectations to reach USD 37 billion by 2033. During the forecast period, the adoption of tissue towels is anticipated to progress at a CAGR of 3.6%. The tissue towel market holds a share of approximately 20%-25% within its parent market, the paper and pulp industry.

Tissue towels boast high efficiency due to their absorbent materials, designed for single-use disposal. With educational marketing and the rise of e-commerce, tissue towels are diversifying across various criteria. This growth in awareness is driving demand for enhanced products that promote better personal hygiene.

E-commerce platforms are opening up new paths of distribution for tissue products. Online retailing provides an accessible and convenient platform that enables manufacturers to target larger audiences as well as explore new markets. Personalization is on the rise, and firms are coming up with tissue towels that meet their customers’ demands. A brand can connect more firmly with its target audience through custom prints, sizes and features.

In light of recent health concerns, there is a growing demand for tissue towels infused with antibacterial properties. Hygienic tissue towels are becoming more prominent, appealing to health-conscious consumers and commercial sectors. The market is witnessing a shift towards premium tissue towel products. Luxurious and soft-touch towels, often enriched with natural ingredients like aloe vera or eucalyptus, are becoming sought-after choices for consumers seeking comfort and indulgence.

Key Takeaways from the Tissue Towel Market Report

As per FMI, the United States is spearheading the growth across North America, accounting for nearly 77% of market share in 2023.
Sales of tissue towel are expected to surge at 3.5% CAGR across China during the forecast period.
As per FMI, the rolled tissue towels segment is poised to expand at over 3.7% CAGR over the assessment period.
The commercial sector will experience a growth rate of more than 3.3% in terms of CAGR.
During the projected period, online retailers are expected to experience significant growth, exhibiting a CAGR exceeding 3.9% in terms of distribution channels.

“The tissue towel market shows promising growth, driven by advanced manufacturing techniques, sustainability efforts, and innovative product offerings. Consumer demand for eco-friendly and high-quality tissue towels remains strong”, remarks an analyst at FMI.

Product Portfolio:

Sofidel offers an extensive product portfolio of tissue paper solutions, including toilet paper, kitchen towels, facial tissues, and industrial rolls. Their eco-friendly approach ensures sustainable production, delivering high-quality hygiene products to meet consumer and commercial needs worldwide.
CARTIERE CARRARA specializes in premium paper products, featuring a diverse range of tissue papers, napkins, and paper towels. Their commitment to innovation and superior craftsmanship ensures clients receive top-notch hygiene and cleaning solutions for various applications.
With a strong global presence, Kimberly-Clark’s product portfolio encompasses a wide range of personal and commercial care products. From their well-known brands of Kleenex tissues and Huggies diapers to professional-grade solutions, they offer cutting-edge hygiene and sanitation solutions to enrich lives around the world.

How Key Players are Revolutionizing the Manufacturing of Tissue Towels?

Key players in the tissue towel manufacturing industry are driving a revolution through innovation and sustainability. They are investing heavily in advanced manufacturing technologies to enhance production efficiency and product quality. Robotic automation and smart manufacturing processes optimize operations, ensuring faster, cost-effective, and eco-friendly production.

Key players are focused on sustainable sourcing of raw materials, promoting circular economy practices, and reducing carbon footprints to meet consumer demands for environmentally responsible products they continuously introduce new tissue towel variants, infused with unique features like antibacterial properties and enhanced softness, to cater to evolving customer preferences and create a competitive edge in the market.

More Insights Available

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

To understand opportunities in the tissue towel market, the report is segmented on the basis of product type (rolled tissue towels, folded paper towels, napkins and luxury towels, and boxed tissue towels), end use (residential and commercial), and distribution channel (wholesalers/ distributors, hypermarkets/ supermarkets, specialty stores, independent convenience stores, online retailers and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Market Segmentation

By Product Type:

Rolled Tissue Towels
- Standard Rolls
- Center Pull Rolls
- Perforated Rolls
Folded Paper Towels
- Center-fold
- Multi-fold
Napkins and Luxury Towels
Boxed Tissue Towels

By End Use:

Residential
Commercial
- Offices
- Restaurants
- Hospitals and Healthcare
- Schools and Universities
- Hospitality
- Industrial
- Public Washrooms
- Others

By Distribution Channel:

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Specialty Stores
Independent Convenience Stores
Online Retailers
Others (Departmental Stores)

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
The Middle East and Africa

About Future Market Insights (FMI)

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

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