Market Research Blog – Page 1654 – New Product Development

Significant Growth Ahead: Japan’s Probiotic Supplement Sector to Expand at 10.6% CAGR, Reaching USD 1,367.4 Million by 2033

The probiotic supplement industry is expected to be valued at USD 500.2 million in 2023. Sales of probiotic supplements in Japan are projected to grow to USD 1,367.4 million by 2033. Over the period from 2023 to 2033, the sector in Japan is anticipated to expand at a significant compound annual growth rate (CAGR) of 10.6%.

The growing demand for probiotic supplements in Japan highlights increasing consumer awareness of health and the recognized benefits of these products. This trend is supported by extensive research demonstrating the positive effects of probiotic supplementation on overall health. In response to this rising demand, Japanese manufacturers are innovating with advanced probiotic formulations.

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Rising awareness of the connection between digestive health and overall well-being is boosting demand for probiotic supplements in Japan. Consumers increasingly see probiotics as a proactive and natural way to support gut health, which is contributing to higher sales. Additionally, Japan’s aging population is placing a greater emphasis on maintaining health as they age, further highlighting the important role of probiotics in supporting digestive health.

Competitive Landscape

The probiotic supplement industry in Japan is highly competitive. As the popularity of probiotics grows, new manufacturers are anticipated to enter the market, intensifying competition. Established companies in Japan’s probiotic supplement sector are expected to face strong competition from these newcomers. Emerging producers are actively emulating the advertising and promotional strategies of industry leaders to establish their presence in the evolving market.

Recent Developments Observed in Probiotic Supplement in Japan

A Japanese multinational with operations in several industries, including food and pharmaceuticals, is Meiji Holdings Co., Ltd., which offers probiotic supplement among its many offerings.
Probiotic dairy products, especially the renowned Yakult drink, are the specialty of the well-known Japanese company Yakult Honsha Co., Ltd., making them a significant player in the probiotics industry.
Morinaga Milk Industry Co., Ltd., the leading dairy manufacturer in Japan, has a track record of producing dairy products, including probiotics.
Even though Suntory Holdings Limited is better known for its beverages, the company has branched into probiotic supplement and other health and wellness goods.
The pharmaceutical and healthcare company Eisai Co., Ltd., is likely to dominate Japan’s probiotic supplement sector in the future.

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Key Probiotic Supplement Manufacturers in Japan

Meiji Holdings Co., Ltd.
Yakult Honsha Co., Ltd.
Morinaga Milk Industry Co., Ltd.
Suntory Holdings Limited
Eisai Co., Ltd.

Key Segments

By Bacteria:

Lactobacillus
Streptococcus
Bifidobacterium

By Form:

Tablet
Capsules
Liquid
Powder Premixes
Gummies/Chewable
Lozenges
Liquid and Gels

By Function:

Immunity and Digestive Health
Urogenital Health
Vaginal Health
Urinary Tract Infections
Pregnancy
Weight Management

By Distribution Channel:

Hypermarket/ Supermarket
Specialty Stores
eCommerce
Pharmacy Stores

By End User:

Women
Seniors
Kids

By City:

Kanto
Chubu
Kinki
Kyushu & Okinawa
Tohoku
Rest of Japan

Frequently Asked Questions

What Was the Value of the Sales of Probiotic Supplement in Japan in 2022?

The sales of probiotic supplement in Japan were valued at US$ 453.4 million in 2022.

How Big is the Japan Probiotic Supplement Industry?

The market value of probiotic supplement in Japan is set to reach US$ 500.2 million in 2023.

At What CAGR Can the Probiotic Supplement Demand in Japan Rise Through 2033?

The demand for probiotic supplement in Japan is anticipated to rise at 10.6% CAGR from 2023 to 2033.

What Is the Expected Market Size for Probiotic Supplement in Japan by 2033?

The Japan market size for probiotic supplement is set to reach US$ 1,367.4 million by 2033.

Which End Use Segment to Lead the Probiotic Supplement Industry in Japan?

The women segment is expected to dominate the probiotic supplement industry with a share of 43.6% in 2023.

What was the Historical CAGR of Probiotic Supplement Sales in Japan from 2018 to 2022?

The HCAGR of sales of probiotic supplement in Japan was 9.4% between 2018 and 2022.

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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Digestion-Resistant Maltodextrin Sales in Western Europe Set to Rise at 5.6% CAGR, Reaching USD 54.3 Million by 2033

The consumption of digestion-resistant maltodextrin in Western Europe is projected to grow at a moderate compound annual growth rate (CAGR) of 5.6% through 2033. By that year, sales are expected to rise to USD 54.3 million, up from USD 31.6 million in 2023.

Health-conscious consumers are driving the trend! In Western Europe, demand for digestion-resistant maltodextrin has surged as more people seek products that enhance digestion and overall well-being.

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Europe is at the forefront of clean-label ingredient sales, thanks to its advanced food preservation technologies. The increasing consumer demand for natural and clean-label products is driving the selection of digestion-resistant maltodextrin. In response, producers are incorporating this ingredient into their formulations.

In Europe, approximately 60 million people have diabetes. Digestion-resistant maltodextrin with a low glycemic index (GI) attracts those focused on managing their blood sugar levels, particularly appealing to individuals with diabetes. This growing interest is driving its inclusion in various food products. As the demand for functional foods rises, so does the use of digestion-resistant maltodextrin in snacks, beverages, and supplements across Western Europe.

The availability of digestion-resistant maltodextrin is increasing thanks to the growth of online sales for health and wellness products. eCommerce platforms are crucial for reaching a broader consumer base and expanding access to this ingredient.

Key Players Providing Digestion Resistant Maltodextrin in Western Europe

Roquette
Beneo
Tate & Lyle
Ingredion

Key Developments

Roquette has reported that a significant 65% of recent product introductions featuring organic maltodextrin were centered on baby formula/milk, along with baby cereals and biscuits.
Azelis has excitingly revealed a fresh distribution partnership with the renowned France-based company Tereos. Tereos provides multiple solutions, encompassing dextrose monohydrate, native starches, maltodextrin, gluten, dietary fibers, and more

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Western Europe Digestion Resistant Maltodextrin in Western Europe Industry Outlook by Category

By Source:

Corn-based
Wheat-based
Potato-based
Cassava-based
Others (Rice, Banana)

By Form:

Spray-dried Powder
Instantized/Agglomerated

By Application:

Beverages
- Alcoholic Beverages
- Non-alcoholic Beverages
Food
- Breakfast Cereals
- Dairy Products
- Instant Puddings
- Margarines and Butters
- Salad Dressings
- Sauces
- Snack Foods
- Others
Nutraceuticals

By Country:

Germany
Italy
France
United Kingdom
Spain
Netherlands
BENELUX
Rest of Western Europe

Frequently Asked Questions

At What Rate is the Demand for Digestion Resistant Maltodextrin in Western Europe Growing?

The anticipated CAGR for digestion resistant maltodextrin in Western Europe through 2033 is 5.6%.

How Big will the Digestion Resistant Maltodextrin Industry be in Western Europe?

Demand for digestion resistant maltodextrin in Western Europe is expected to be USD 54.3 million by 2033.

What Strategy do Providers of Digestion Resistant Maltodextrin in Western Europe Adopt?

Diversifying product applications to enhance industry presence.

Which Source of Digestion Resistant Maltodextrin is Extensively Used in Western Europe?

Corn-based digestion resistant maltodextrin is prominently consumed by customers.

Which Form of Digestion Resistant Maltodextrin Takes Up a Significant Share of the Industry in Western Europe?

Digestion resistant maltodextrin in spray-dried powder form holds a considerable share of the industry.

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Rising Demand for Postbiotic Pet Foods: Market Valuation to Increase from USD 856.4 Million to USD 1,231.58 Million by 2033

Over the forecast period from 2023 to 2033, the global postbiotic pet food market is anticipated to expand at a compound annual growth rate (CAGR) of 6%. It is projected to rise from approximately USD 856.40 million in 2023 to around USD 1,231.58 million by the end of 2033.

The market is anticipated to experience substantial growth over the next decade, driven by growing awareness of the benefits of postbiotics for pets. Postbiotics, which are live microorganisms that promote animal health, enhance digestion, boost immunity, and improve skin health.

Recently, the pet food industry has been shifting towards more natural, holistic, and sustainable products. This change is largely driven by increasing awareness of the health and environmental advantages of plant-based diets, as well as growing ethical concerns related to animal agriculture.

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One of the fastest-growing segments in the pet food industry is postbiotic foods. These products are made with live bacteria that have been fermented to break down carbohydrates and proteins into more digestible nutrients. This approach is believed to more closely mimic the natural diet of dogs and cats, and it has been shown to enhance gut health and digestion.

Key Takeaways from the Postbiotic Pet Food Market Report

The postbiotic pet food market exhibited steady growth at a CAGR of 4.9% during the historical period from 2017 to 2022.
The global market for postbiotic pet food is anticipated to surpass US$ 1,231.58 Mn by the end of 2033.
The U.S., China, Canada, Germany, and Mexico are the major countries driving the demand for postbiotic pet food.
The North America postbiotic pet food market is expected to register a 38% CAGR between 2023 and 2033.
The market size for postbiotic pet food is expected to reach US$ 856.40 Mn by the end of 2023.

Competition Landscape

In recent years, the pet food industry has shifted towards more natural and holistic products, driven by growing awareness of pet health and wellness. As a result, demand for postbiotic pet food is increasing. Several companies now offer a range of postbiotic pet food products to meet this rising demand.

Some of the leading brands in this space include Royal Canin, Nestle Purina PetCare Company, Mars Inc., and Chr. Hansen (Denmark), DowDuPont, Evonik Industries, Land O’Lakes, Bluestar Adisseo Co., Alltech, Novozymes, Calpis Co. Ltd., Schouw & Co., Unique Biotech, Pure Cultures, Kerry, and Mitsui & Co., Ltd. Kinglike DSM N.V., Lallemand, Chr. Hansen (Denmark), and Lesaffre among others.

For instance:

In November 2021, JAC Pet Nutrition, a pet meal company based in Olathe, added TruMune postbiotics to its Superfood Crumbles, which is its range of dog and cat food gravy mixes and meal toppers. TruMune provides coat & skin health benefits, joint support, and microbiome balance for pets.
In April 2021, Phileo by Lesaffre, a provider of novel solutions for accelerating animal nutrition headquartered in France, launched Actisaf Sc 50 PET in the USA It is considered to be the first probiotic ever to remain viable throughout the entire shelf life of dry food.

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Postbiotic Pet Food Market Outlook by Category

By Product:

Cattle
Swine
Aquaculture
Pet
Equine
Others

By Form:

Dry
Liquid
Capsule
Others

By Region:

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

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Gluten-Free Soup Industry Expected to Grow at 7% Annually, Reaching Over USD 4.74 Billion by 2033

The gluten-free soup market is anticipated to expand its roots at a steady CAGR of 7% between 2023 and 2033. The market is expected to have a market share of US$ 4.74 billion by 2033 while it is likely to be valued at US$ 2.42 billion in 2023

Advanced healthcare and wellness centers with diet charts and plans are making people aware of their health conditions and body requirements. These structures also explain to the end-users to skip certain edibles that are not supposed to be healthy for the body. Gluten-free products are a part of that list.
Gluten-free bread, cakes, and soup are expanding their market across the globe as the global anti-gluten trend rises. Furthermore, the increasing number of restaurants and outlets presenting their gluten-free items for a niche segment of people is propelling the market growth.
High penetration of celiac diseases due to the high gluten intake adds value to the market. The increased prevalence of other diseases like bloating, weight loss, and skin rashes also pushes people to avoid food products that involve gluten in them.
Soup is an integral part of many delicacies and is served with different local twists and flavors. The advent of gluten-free products is expected to create many opportunities for the gluten-free product industry.

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Key Takeaways:

The United States market leads the gluten-free soup market in terms of market share in North America. The United States region held a market share of 20.4% in 2022. The growth in this region is attributed to the expanding food and beverages businesses, people being health conscious, and increasing awareness around gluten-free diets.
Germany’s gluten-free soup industry is another important market in the European region. The market held a market share of 5.0% in 2022. The growth is attributed to high tourist footfall, high-end product-based research, and the importance of soup in German culture.
India’s gluten-free soup market thrives at a CAGR of 8.7% during the forecast period. The growth is attributed to the advent of new food culture, the spread of continental dining, and expanding international hotels and restaurants.
China’s gluten-free soup industry also thrives at a CAGR of 7.2% between 2023 and 2033. The growth is caused by the occurrence of different health conditions in people due to the gluten-intake and the popularity of gluten-free diets.
Based on the form type, the liquid form segment held the leading market share of 31.4% in 2022. The growth is attributed to better mixing and effective usage.
Based on category type, the vegetarian segment leads the market as it held a leading market share of 35.6% in 2022. The growth is caused by higher consumption and increased availability of different flavors.

Competitive Landscape

The key vendors focus on enhancing protein, vitamins, and other elements in the soup to increase its nutritional value. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players Operating in the Gluten-Free Soup Market

Amy’s Kitchen Inc.
The Campbell Soup Company
ConAgra Brands Inc
The Kraft Heinz Company
Barilla Holdings
Baxter Food Group
Anderson House
Pacific Foods
Progresso
Swanson
Others

Recent Market Developments

Amy’s Kitchen Inc. has extended its gluten-free products with new flavors of soups like organic tortilla soup, organic quinoa, kale, red lentil soup, etc.
The Campbell Soup Company has introduced 22 beef, chicken, and vegetable broth items that can be considered gluten-free to 20ppm. These items have low-sodium and unsalted beef and chicken in them.

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Key Segments Covered in the Gluten-free Soup Market

By Form:

Liquid Form
Solid Form

By Category:

Vegetarian
Non-Vegetarian

By Packaging:

Canned
Pouched
Other Packaging

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Probiotic Drink Market Forecasts a Strong CAGR of 7% Through 2033, According to Future Market Insights, Inc.

The global probiotic drink market size is anticipated to surpass a valuation of US$ 19,276 million in 2023. It is expected to attain a valuation of US$ 39,362.7 million by 2033. The market is anticipated to thrive at a CAGR of 7% from 2023 to 2033.

Digestive health has emerged as an issue of significance for several individuals trying to keep up a healthy lifestyle. Probiotic beverages have the potential to maintain healthy gut microbiota, improve digestion, and treat gastrointestinal problems. Including bloating, constipation, and diarrhea because they contain live cultures of beneficial bacteria.

The market for probiotic beverages has expanded as a result of rising interest in digestive health. Consumer choices for healthy meals and beverages are being impacted by the larger health and wellness movement. Probiotic beverages match this trend since they provide hydration, taste, and possible health advantages. Probiotic beverages offer a tempting alternative to consumers who are actively looking for products that enhance their entire well-being, including gut health.

An increasing collection of scientific evidence backs up the potential health advantages of probiotics. Consumer trust in probiotic goods, especially beverages, is growing as more studies show the beneficial effects of probiotics on gut health, immune system function, and general wellness. The market for probiotic beverages has grown as a result of the availability of scientific data and confirmation. The market for probiotic drinks is growing in part due to their accessibility.

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Key Takeaways from Probiotic Drink Market:

The global probiotic drink industry size expanded at a CAGR of 2.9% from 2018 to 2022.
In 2018, the global market size stood at US$ 16,548.0 million.
The market size stood at US$ 18,534.60 million in 2022.
In 2022, the dairy-based probiotic drinks segment garnered 55.4% shares in the global market.
In 2022, the online sales channel segment captured 27.5% shares in the global market.
In 2022, the United States captured 17.3% shares in the global market.
In 2022, India captured 12.1% shares in the global market.
China captured 5.8% of global market shares in 2022.

Recent Developments Observed by FMI:

Fonterra launched a probiotic powdered drink in Singapore in May 2023 and intends to increase distribution across the APAC region. The company wants to serve the growing middle-class population in the area.
Under the brand name FHIRST, a new zero-sugar probiotic and probiotic Living Soda line was introduced in March 2023.
KeVita launched three new effervescent probiotic drinks in the United States in May 2022 under the name ‘herbal spritzer.’ The Herbal Spritzer line of beverages features lightly fermented beverages with active probiotics and a subtle flavor of fruit and herbal extracts. It is available at Whole Foods locations around the nation.
Probicient and Origgin Ventures, located in Singapore, introduced the first probiotic beer in March 2022. Proficient worked with Brewerkz as its first brewing partner and committed more than SG$ 1.5 million to the development of a probiotic beer.

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Probiotic Drink Segmentation

By Product Type:

Dairy-based
Plant-based

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Stores
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

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

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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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Almond Butter Market Expected to Hit USD 1,245 Million by 2033, Growing at a 6.0% CAGR | FMI

The market for almond butter is anticipated to achieve a valuation of US$ 669.0 million by the end of 2023. Expanding at a CAGR of 6.0% from 2023 to 2033, the market is estimated to reach a valuation of US$ 1,245 million by 2033.

Almond butter has gained popularity as a spread, snack, and sauce thickening owing to the world’s population growth and the resulting constant need for clean-label and plant-based products. As a result, the adoption of a healthy lifestyle globally is propelling the growth of the market.

The market for almond butter has benefited greatly from innovation in the food and beverage sector, particularly in the plant-based food sector. These improvements in product look, as well as improvements in nutritional content and shelf life created several business opportunities.

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The high price of almonds and the availability of high-fat substitutes are two main factors that are anticipated to impede the expansion of the global almond butter industry.

The fluctuation in almond prices around the world is also likely to hamper the market size. Another issue that the global market is confronted with that needs to be resolved in the future is the rise in consumer sensitivity or allergy to almonds.

A continuing focus for almond butter producers is the launch of new products. In addition to raw, roasted, flavored (like almond butter with chia seeds and strawberry), flavored almond butter, and organic almond butter, companies are now bringing these products to market. This trend of innovation is anticipated to open up a wide array of market opportunities, in turn fostering overall market growth.

Key Takeaways:

The United Kingdom almond butter industry is projected to move forward with a CAGR of 5.8% from 2023 to 2033.
The almond butter industry in India is likely to advance at a rate of 9.7% during the forecast period.
The United States of America almond butter industry recorded a value share of 20% in 2022 on a global level.
During the projected period, China’s almond butter industry is anticipated to expand at a rate of 8%.
By nature, organic almond butter was predicted to dominate the market, holding a 19.6% value share in 2022.
Spreads segment, by form held sway over the market for almond butter holding 32.8% in 2022.

What is the Competition Landscape in the Almond Butter Market?

The leading players in the global almond butter industry concentrate on effective methods to beat the competition and keep or increase their market share globally. The market for almond butter is highly competitive since it has a wide range of international, regional, and local companies.

Almond butter production has spiked as a result of a market trend toward plant-based substitutes brought on by rising consumer awareness, providing a legion of opportunities to the manufacturers.

Established food manufacturers, as well as small and medium-sized specialty brands, compete for market share by offering a wide range of almond butter products. They differentiate themselves through various factors such as taste, texture, ingredient quality, organic certifications, and innovative flavor combinations.

Packaging and marketing strategies play a crucial role in capturing consumer attention and loyalty. To gain a competitive edge, companies are investing in research and development to create unique formulations, including flavored almond butter, crunchy variants, and blends with other nuts or super-food ingredients.

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Almond Butter Market by Category

By Nature:

Organic
Conventional

By Form:

Spreads
Liquid
Blocks

By End Use:

Food and Beverage Industry
HoReCa
Household Retail

By Sales Channel:

B2B
B2C
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Specialty Stores
- Online Retail
- Other Retail Formats

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Aircraft Ailerons Market Expected to Reach USD 845.9 Million by 2032, with 13.8% CAGR Growth | FMI Reports

The global aircraft ailerons market is projected to reach USD 845.9 million by 2032, growing at an impressive CAGR of 13.8% from 2022 to 2032. Valued at USD 354.7 million in 2021, the market is expected to increase to USD 361.1 million in 2022. The introduction of fly-by-wire technologies is a significant driver for this market’s robust growth during the forecast period.

Aircraft ailerons are essential components mounted on the trailing edges of the wings of fixed-wing aircraft, enabling them to move sideways. This mechanism, involving various aircraft mechanical components, is crucial for aircraft banking or rolling. Ailerons, typically linked between the wings by mechanical cords, push-pull tubes, and pulleys, come in pairs to ensure a smooth roll or tilt along the aircraft’s longitudinal axis. The market demand for aircraft ailerons is mainly driven by increasing aircraft deliveries and growing global air traffic.

The aviation industry’s continuous evolution, coupled with rising demand for fuel-efficient aircraft and lightweight aircraft components, is expected to drive the aircraft ailerons market’s growth from 2022 to 2032. Additionally, airlines’ destination expansion initiatives and fleet modernization efforts will further boost market growth during this period. The growing demand for narrow-body aircraft, fueled by an increase in international passengers, is a key growth factor for the market.

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Moreover, the rising adoption of cost-effective carrier business models is anticipated to drive demand for next-generation narrow-body aircraft worldwide. These aircraft offer high fuel efficiency on shorter routes and lower operational costs. The increasing number of narrow-body aircraft deliveries globally will also contribute to the aircraft ailerons market’s growth during the forecast period.

Key Takeaways:

The complex structure of older aircraft deters the integration of fly-by-wire technology. This aspect will likely stymie the growth of the aircraft ailerons market.
The aircraft ailerons market in the Asia Pacific region will be driven by the healthy growth of the aviation industry due to greater air traffic.
The rise of new operational airports in India bodes well for the Asia Pacific aircraft ailerons market.
North America will account for the largest share of aircraft ailerons market size owing to the early adoption of fly-by-wire technology.

“Swift expansion of the aviation industry coupled with increasing demand for lightweight aircraft parts is expected to supplement the global growth of the aircraft ailerons market over the forecast period,” – says an FMI analyst.

Competitive Landscape

The involvement of several domestic and international players creates a competitive environment for the aircraft ailerons market. Many of these key participants are focusing on organic growth strategies like the release of new products, product approvals, acquiring patents, and other such tactics. Some of the other market players utilize inorganic strategies such as mergers, acquisitions, and partnerships to strengthen their market position.

Asian Composites Manufacturing (ACM), Saab AB, Turkish Aerospace Industries (TAI), Sealand Aviation Ltd., Boeing, ShinMaywa Industries, and Zenith Aircraft Company, among others are some of the major players in the aircraft ailerons market profiled in the full version of the report.

More Insights into Aircraft Ailerons Market

FMI offers an unbiased and detailed analysis of the global aircraft ailerons market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of aircraft type, wing type, material type, ailerons type, and region.

Based on region, the aircraft ailerons market in North America is expected to dominate the global marketplace with the ownership of the largest market share during 2022-2032. The target market in this region was largely influenced by the early adoption of fly-by-wire technology across Canada and the United States. The continuous growth of the tourism industry, evolving aviation sector, and the new-age needs of the consumers are certain factors that further aid the growth of the aircraft ailerons market in North America. Besides, the Asia Pacific region will also present notable growth in the aircraft ailerons market during 2022-2032.

Overall, the constant progress witnessed in the aviation sector along with the growing demand for lightweight aircraft components as well as narrow-bodied aircraft will fuel the growth of the aircraft ailerons market during the forecast period.

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Key Segmentations

By Aircraft Type:

Commercial Aircraft
Passenger Aircraft
Logistics Aircraft
Military Aircraft
Combat Aircraft
Non-Combat Aircraft

By Wing Type:

High Wing
Low Wing
Mid Wing

By Material Type:

Composite Materials
Thermoplastic Materials
Thermoset Materials
Metals

By Ailerons Type:

Single Acting Ailerons
Frise Ailerons
Wingtip Ailerons
Differential Ailerons

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
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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Automotive Connecting Rod Bearing Market to Achieve USD 493.7 Million by 2032, with 12.8% CAGR Growth | FMI Reports

The global automotive connecting rod bearing market is expected to reach USD 189.2 million in 2022 and exhibit steady growth at a CAGR of 12.8% from 2022 to 2032. According to FMI, the market is anticipated to be valued at USD 493.7 million by 2032.

The automotive connecting rod bearing, also known as the rod-end bearing, is an essential component of engine assemblies. This two-piece band generates rotary motion when coupled with connecting rods and bearings and is capable of handling maximum load capacity and pressure based on the engine type. These bearings are widely used across all types of automobiles in the global market.

Technical design experts emphasize the need for high standards of quality and accuracy in manufacturing automotive connecting rod bearings, as even minor flaws can result in significant losses for the automotive industry. Consequently, lightweight materials are used in the production of these bearings to enhance the overall mechanical efficiency of engines.

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Automotive Connecting Rod Bearing Market: Dynamics

The increased longevity of connecting rod bearings brought on by the advent of new, inventive materials has increased the dependability of engine parts and components, making the market for automobile connecting rod bearings sustainable. The increased market activity brought on by the automotive connecting rod bearing’s increased efficiency and durability will be a major driving force for the connecting rod bearing due to the overall global expansion of the automotive industry. Consumers of today are paying more attention to performance-oriented parts that could be significant drivers due to their high quality of life. Due to features including dependability and durability, the automotive connecting rod market will develop overall in the near future as the automotive connecting rod bearing markets expand.

The rise in vehicle demand has boosted the desire to create and design more connecting rod bearings for automobiles with cutting-edge technological characteristics. One of the main factors influencing the development of automotive connecting rod bearings is the increased demand for cars and internal combustion engines in emerging countries. The usage of lightweight components is the primary engine component, increasing the engine’s overall efficiency. Regular oil and oil filter changes reduce bearing wear, which will gradually increase anticipated aftermarket sales with a noticeable pace in the global market over the course of the projection period. The rise of the automotive connecting rod bearing market has been fueled by the aftermarket, which has gained momentum as a result of the rising number of vehicles on the road.

The use of electronic systems for motion can possess a threat to automotive connecting rod bearing.

Automotive Connecting Rod Bearing Market: Market Participants

Examples of some of the market participants in the global automotive connecting rod bearing market, identified across the value chain include:

NSK Ltd.
NTN Bearing Corporation
Schaeffler
Aisin Seiki
SKF
Timken Company
MinebeaMitsumi Inc.
BNL Bearings
ORS Bearings
CW Bearing
IMB Bearings
KCI Bearings (India) Pvt. Ltd.
FBJ Corporation
Howon Autopart Co. Ltd

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Automotive Connecting Rod Bearing Market: Segmentation

By sales channels,

Original Equipment Manufacturers
Aftermarket

By material type,

Aluminum
Stainless steel
High-carbon steel
Babbitt

By vehicle type,

Heavy Commercial Vehicles
Light Commercial Vehicles
Hybrid Electric Vehicles
Two Wheelers

Automotive Connecting Rod Bearing Market: Regional Outlook

Automotive connecting rod bearing is expected to see a rapid growth in all the developed and developing countries in the coming future. Despite the increasing potential and the high living standard in North America, Europe and Asia Pacific region have a high potential for spending more due to the inventive growth of the automotive industry in these regions which has generated tremendous demand for the automotive connecting rod bearings. Advanced technological features has resulted in the expansion of automotive connecting rod bearing facilities in all vehicle types.

The United States of America, Japan and Germany are considered as the mature markets for automotive connecting rod bearing which have seen high demand for vehicle customization, therefore high sales of custom auto components such as automotive connecting rod bearings have witnessed in the aftermarket. The increase in the efficiency and the sales of vehicles in the developing markets has also seen an increased trend in the APAC region.

Developing markets in the Asia Pacific region, especially India, China and Russia will play a crucial role in the expansion of the automotive connecting rod bearing market in the near future.

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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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Automotive Park Brake Lever (Handbrake) Market Expected to Achieve USD 722.6 Million Valuation by 2032, Expanding at 10.1% CAGR | FMI Reports

The global automotive park brake lever (handbrake) market, currently valued at USD 480.2 million, is expected to reach USD 722.6 million by 2032, growing at an impressive CAGR of 10.1% from 2022 to 2032.

Governments worldwide are promoting the development of electric vehicles, which is expected to drive the growth of the automotive park brake lever (handbrake) market during the forecast period.

The automotive park brake lever, commonly known as the handbrake or emergency brake, is a critical vehicle component that prevents vehicle motion when parked. It can be either a mechanical handbrake or a footbrake located to the left of the brake and gas pedals or between the two front seats. Unlike standard braking systems, the handbrake system controls the back wheels, providing a unique braking mechanism.

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Automotive park brakes are essential for stopping a vehicle in emergencies, especially if the standard braking system fails. These handbrakes are increasingly used in racing automobiles and off-road rally cars for drifting purposes.

Electric brakes offer the advantage of reducing vehicle weight and power consumption. Modern automobile manufacturers are focusing on developing new electric handbrakes to attract more customers, and even conventional vehicles are utilizing these brakes for weight reduction.

However, electronic handbrakes can have a shorter lifespan, and a well-maintained battery is crucial for their smooth operation. Neglecting battery maintenance can lead to issues for drivers, potentially restraining market growth. Future Market Insights has explored these aspects and provided future perspectives in its latest market study titled ‘Automotive Park Brake Lever (Handbrake) Market’.

Key Takeaways from Automotive Park Brake Lever (Handbrake) Market

North America holds a significant market share. This could be attributed to the fact that the US Department of Transportation has confirmed that ~3400 passenger cars got sold in the year 2020 alone; out of which around 290 got imported from Japan and 235 from Germany.
The Asia-Pacific is expected to grow at the fastest rate in the automotive park brake lever (handbrake) market in the near future. Japan, South Korea, India, and China are leading the market from the front. There are companies like Tata Motors creating ripples.
Europe is dominated by Germany. It’s the largest exporter of cars all over the world. The scenario is expected to continue even in the forecast period.

“Growing frequency of production and sales of commercial vehicles and passenger cars is expected to drive the automotive park brake lever (handbrake) market going forward”, – says an analyst from Future Market Insights.

Competitive Landscape

Tata Motors, in May 2022, did launch the ‘Nexon EV MAX’. It is inclusive of an electronic parking brake switch.
Hitachi Automotive Systems, Ltd., in October 2020, did introduce a novel heavy-duty automated parking brake (APB HD) for addressing pickup trucks, SUVs, light commercial vehicles and vans. The company already has a name as the biggest manufacturer of the automotive braking solutions across the globe. The products, namely drum brakes, disc brakes, rotors, and electro-mechanical parking, are meant for the passenger cars, 2-wheeler vehicles, and light commercial vehicles though aftermarket distribution channels and OEMs. Additionally, it does employ over 9,500 people at engineering centers, manufacturing facilities, engineering centers, and the sales offices in more than 17 countries.

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Key Players

Continental AG
AB SKF
Aisin Seiki Co., Ltd.
Ficosa International S.A.
ZF Friedrichshafen AG
Hitachi Automotive Systems, Ltd.
SKF Group

What does the Report say?

The research study is based on lever type (pull-twist handgrip lever, pull-press-button hand-lever, pull-squeeze pistol-grip hand-lever, pull-press-button hand-lever, and push button), by functionality type (conventional automotive park brake lever and electric automotive park brake lever), by vehicle type (conventional vehicles, passenger car, compact cars. Mid-sized cars, SUVs, luxury vehicles, light commercial vehicles, heavy commercial vehicles, and electric vehicles), and by sales channel (aftermarket and OEMs).
The geographies are expected to handsomely invest large sums in developing state-of-the-art designs pertaining to electric handbrakes for meeting needs of autonomous vehicles.

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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Automotive Vacuum Brake Booster Market to Reach USD 346.8 Million by 2032, with 7.4% CAGR Growth | FMI Reports

The global automotive vacuum brake booster market, currently valued at USD 289.1 million, is projected to reach USD 346.8 million by 2032, growing at a CAGR of 7.4% from 2022 to 2032.

Automotive vacuum brake boosters are crucial components of vehicle safety systems, aiding in converting the force applied by the driver into the necessary braking effect. Among the various types, the hydraulic booster is in higher demand due to its superior ability to enhance vehicle safety. Vacuum brake boosters are particularly valued for their role in preventive braking mechanisms, ensuring vehicles decelerate safely and come to a halt comfortably during panic braking situations.

The automotive sector is experiencing significant growth, driven by increased vehicle ownership and a rise in auto parts manufacturers. Both commercial and passenger vehicles are subject to stringent safety mandates, with governments implementing strict safety norms. For instance, in May 2022, CNXMotion—a joint venture between Continental Automotive and Nexteer Automotive—expanded its Brake-to-Steer (BtS) technology by adding two new software functions. These enhancements provide an additional safety layer for electric power steering and steer-by-wire systems.

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However, the market faces challenges, such as brake fluid leakage and heat dissipation during brake application, which may impede growth. Additionally, vacuum brake boosters can malfunction due to issues like disconnected or incorrect vacuum hoses, low engine vacuum pressure, failed check grommets at the booster, or failed check valves. Future Market Insights explores these challenges and provides detailed insights in its latest market study entitled ‘Automotive Vacuum Brake Booster Market’.

Key Takeaways from Automotive Vacuum Brake Booster Market

North America holds a significant market share. This could be attributed to the countries like Canada and the US being subject to strict norms by the regulatory bodies regarding implementation of vacuum brake boosters all across North America. The US Department of Energy states that sales of the new-fangled light-duty plug-in vehicles (inclusive of all-electric vehicles and plug-in hybrid electric vehicles) did reach 608K in the year 2021 (as compared to 308K in the year 2020).
The Asia-Pacific is expected to grow at the fastest rate in the automotive vacuum brake booster market. This could be reasoned with growing demand for various autonomous vehicles in China and India. The start-ups are looking forward to safeguard the market in the years to come. ARTPARK, in August 2021, did announce plan of setting up the very first test track in India to cater to driverless vehicles in Karnataka.
Europe is expected to come in as ‘second’ in the years to come on the analogous grounds as North America.

“The key participants are emphasizing on development of cutting-edge products by conduction of extensive research”, – says an analyst from Future Market Insights.

Competitive Arena

Continental AG has its ‘Generation III Aluminum Booster’ that does feature weight reduction (100% aluminium with reduced thickness of wall) with an ultrashort length of installation. The company claims to supply the vacuum brake boosters in tandem as well as single design, that too, in every needed size. The products are being made available in traditional steel and in ‘lightweight aluminium housing’ versions. Tie rod version does feature weight reduction to a greater extent.
Brake boosters facilitate reduction with respect to pedal force that should be applied by the driver for achieving the braking effect that is desired. Vacuum brake boosters are known for their optimal braking power and low weight.

Top Key Players

HELLA GmbH & Co. KGaA
Johnson Electric Holdings Limited
AISIN SEIKI Co., Ltd.
WABCO
Bosch Limited
SHW AG
Continental AG
Rheinmetall Automotive AG
DENSO CORPORATION
Delphi Technologies

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What does the Report act as a booster to the market?

The research study is based on vehicle type (passenger cars, compact cars, mid-sized cars, luxury, SUVs, LCVs (Light Commercial Vehicles), and HCVs (Heavy Commercial Vehicles).
With growing demand for innovation in vehicle safety systems, the global automotive vacuum brake booster market is bound to grow atrociously in the forecast period.

Key Segmentations

By Vehicle Type:

Passenger Cars
Compact Cars
Mid-Sized Cars
Luxury
SUVs
Commercial Vehicles
LCVs (Light Commercial Vehicles)
HCVs (Heavy Commercial Vehicles)

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
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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