Market Research Blog – Page 1673 – New Product Development

The Global Soluble Fiber Market to Witness Accelerated Growth at 8.2% CAGR, Forecasting USD 11,814.5 Million by 2034

Driven by increasing demand for functional ingredients, the global soluble fiber market size is anticipated to reach a valuation of USD 5,339.2 million by 2024, showing robust growth with soluble fiber sales expected to grow at a compound annual growth rate (CAGR) of 8.2% throughout the forecast period. By 2034, projections indicate the market could achieve a total value of USD 11,814.5 million.

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Several factors are propelling the sales of soluble fiber, including heightened consumer health awareness and the enhanced integration of soluble fiber across various applications. The rising consumption of nuts and seeds, driven by their nutritional benefits, is expected to expand the category significantly during the forecast period. The increasing adoption of organic ingredients in the production of nuts and seeds is a major contributor to this trend, particularly fostering growth in emerging markets due to their high protein content. Regulatory approvals from authorities like the Food and Drug Administration (FDA) validate health claims associated with these products, affirming that soluble fiber consumption can reduce the risk of chronic diseases such as coronary heart disease (CHD), cancer, and other serious conditions.

Today’s generation is increasingly willing to invest in healthier food choices, creating promising opportunities in the market. Dietary fibers are recognized for their benefits in weight management, heart health, immune support, satiety, and digestive health. According to Cargill, Inc., more than 56% of adults in the United States actively seek out fiber-rich foods. Despite these benefits, global dietary fiber intake remains below recommended levels, with the World Health Organization advising 25 grams per day for adult women and 38 grams per day for adult men, while the global average intake is currently less than 20 grams per day.

Key Takeaways:

The United States is expected to hold a substantial share of the global soluble fiber market throughout the projected period. To assist the people of America to fulfil the required daily fiber consumption of 25 to 30 grams, almost all the leading food corporations and many regional and local manufacturers are adding fiber to their products.
During the projection period, Asia Pacific soluble fiber market is predicted to hold a significant share, driven by China and Japan. Soluble fiber is created enzymatically in China from the cellulose portion of Chinese cabbage refuse.
Owing to its use in the production of jam and jelly and its active component in reducing blood cholesterol, the “pectin” type is expected to hold the significant revenue through the forecast period.

Competitive Landscape:

To improve the brand and income, industry participants invest in a flood of focused product releases and global expansion. To boost its consumer base and reinforce its position, they are also increasing its footprint across many continents and entering new markets, particularly emerging ones. With the increase in cardiovascular diseases and growing consciousness about health throughout the world, these participants are introducing new creative products to the market. These factors are expected to boost the global soluble fiber market size considerably.

Key Players:

Cargill Inc.
Sunopta Inc.
Huachang Pharmaceuticals
Archer Daniels Midland Company
Tate & Lyle plc
Danisco A/S
INGREDION
NEXIRA
Kerry Group
ADM

Recent Developments in the Soluble Fiber Market

In 2022, Cargill launched a soluble fiber with 30 percent low sugar, which improves the nutritional profile of a wide range of food applications.
In 2023, Cargill launched a soluble corn fiber ingredient. With a least 80% fiber concentration on a dry basis, the ingredient allows for a high fiber claim in products.
Recently, Roquette introduced NUTRIOSE soluble pea fiber in the United States to meet rising consumer demand for plant-based food ingredients.

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Key Segments Profiled in the Soluble Fiber Market Survey

By Source:

Fruits & Vegetables
Cereals & Grains
Others

By Type:

Pectin
Beta-glucan
Polydextrose
Inulin
Others

By Application:

Animal Nutrition
Food & Beverages
Nutraceuticals & Pharmaceuticals
Others

By Region:

North America
Latin America
Asia Pacific
Middle East & Africa
Europe

About Future Market Insights (FMI)

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

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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Paprika Color Market Forecasted to Achieve 11% Annual Growth, Hitting USD 251.2 Million by 2033

The paprika color market is predicted to be worth US$ 86 million in 2023 and rise to US$ 251.2 million by 2033. Demand for paprika color is expected to expand at an 11% CAGR by 2033.

The demand for paprika color, a common seasoning in vegan and vegetarian cuisine, is being driven by the growing number of vegan and vegetarian customers. Paprika is used to flavor many sauces, stews, and vegetable dishes. To provide a smokey and savory flavor to vegetarian foods, it is also used as a meat alternative.

New items including sauces, marinades, and dressings are being created using paprika as a result of improvements in the culinary world. The desire for natural and organic food items is driving growth in the paprika color industry.

The popularity of paprika color is attributed to the demand for natural food coloring, especially in the meat sector. Applications including drinks, medicines, and perfumes have shown significant growth recently, and this trend is expected to continue during the forecast period.

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Key Takeaways

By 2033, the paprika color industry in the United Kingdom is likely to expand, with a CAGR of 9.9%.
In 2022, the United States accounted for a share of 32% in the paprika color sector.
The paprika color market was significantly expanding, with a size of US$ 3 million in 2022.
By 2033, the paprika color market in China is likely to expand, with a CAGR of 5.6%.
In 2022, Germany expanded significantly in the paprika color business, with an expected share of 12.4%.
By 2033, India is projected to expand significantly in the paprika color industry, with a share of 6.9%.
In 2022, Australia developed significantly in the paprika color business, with an expected share of 0.9%.
Japan’s paprika color industry share developed significantly, with a 1.2% share in 2022.
In 2022, the conventional segment led the market with a significant share of 76%, and is likely to hold a top spot in the market, in terms of nature.
Based on the application, the beverage segment market dominated the industry in 2022, with a share of 32%.

Competitors Winning Strategies

Paprika color is a staple in many international cuisines and is essential for giving food flavor. Due to rising paprika color demand in the food sector, the worldwide paprika color industry has seen substantial growth in recent years.

By putting numerous methods into practice, such as creating strategic alliances with local players, they are also concentrating on the best possible business growth.

Due to the outstanding expansion potential brought on by the rising product demand in different regions, most of them have established their distribution networks in developing nations in Central and South America and Asia.

Recent Developments

Two new EXBERRY coloring foods were introduced by GNT Group in May 2020. These products produce vibrant orange hues in powder and oil-dispersible versions. The brand-new vivid orange goods, which are paprika and carrot, offer options for a variety of uses.
Kancor Ingredients Ltd. caused a stir in the paprika business with its most recent announcement in 2021—the launch of a new variety of paprika oleoresins made from premium Indian paprika. Due to its expertise and standing in the industry, Kancor is well-positioned to disrupt the market.

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Key Segments

By Nature:

Organic
Conventional

By Application:

Beverage
- Milk Drinks & Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee & Cocoa
- Tea
- Energy Drink
- Juice Based Drinks
- Flavored water
- Enhanced Water
- Sparkling Waters
Bakery, Snacks, & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies
- Biscuits & Cones
- Frosting / Icing
- Crackers & Savoury Snacks
Candy / Confectionery
- Panned Candy
- Chocolate & Compound Coating
- Gummies
- Chewing Gum
- Jellies & Licorice
- Sprinkles & Sugar
- Hard Candies / Boiled Sweets
Dairy
- Cheese
- Ice Cream
- Milk Drinks & Milk Alternatives
- Pudding / Custard
- Dips & Spreads
- Yogurt
Fruit Preparations / Fillings
Meat, Poultry, Fish, & Eggs
- Casings
- Egg & Egg Substitute
- Fish / Seafood
- Jerky
- Meat Substitute
- Processed Meat & Poultry
Potatoes, Pasta, & Rice
- Pasta
- Potato Chips / Crisps
- Processed Potatoes
- Rice
Sauces, Soups, & Dressings
- Asian Sauces
- Barbecue & Steak Sauce
- Condiments
- Gravy / Dry Sauce Mix
- Marinade
- Oils & Dressings
Seasonings
- Batter
- Breading and Coating
- Bouillon / Soup Base / Stock
- Liquid Smoke
- Spice Blends / Dry Seasonings
Pet Food
- Extruded / Dry Pet Food
- Snacks / Treats
- Wet Food

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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Dog Food Market Forecasted to Surpass $81 Billion by 2033, Reports Future Market Insights, Inc.

The dog food market is predicted to be worth US$ 45,631 million in 2023 and rise to US$ 81,224.9 million by 2033. Demand was initially expanding at a market CAGR of 3.2% between 2018 and 2022.

Personalized dog food products are gaining popularity in developed areas and are anticipated to do the same in emerging markets in the future years. As pet owners become more aware of the food they are giving their animals, demand for dog food has the potential to increase tremendously.

There is a significant development opportunity for brands or businesses that provide specifically designed and tailored food products for dogs since pet owners are inclined to have more control over the components used in the manufacturing of dog food.

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The trend towards humanization and premiumization is likely to result in more spending on pets, which counteracts the stalling of dog population growth in the United States and Canada.

Key Takeaways:

By 2033, the dog food market in the United Kingdom is likely to expand, with a CAGR of 7.5%.
In 2022, the United States held a market share of 32% in the dog food sector.
The dog food market was significantly expanding, with a size of US$ 43,876 million in 2022.
By 2033, the dog food market in China is likely to expand, with a CAGR of 6.7%.
In 2022, Germany expanded significantly in the dog food business, with an expected share of 10%.
By 2033, India is projected to expand significantly in the dog food market, with a share of 4.5%.
In 2022, Australia developed significantly in the dog food business, with an expected share of 0.5%.
Japan’s dog food industry share developed significantly, with a 0.8% share in 2022.
In 2022, the conventional segment led the market with a significant share of 75% and is likely to hold a top spot in the market, in terms of nature.
Based on the source, the animal-derived segment dominated the industry in 2022, with a share of 68.6%.

Competitors’ Winning Strategies:

Around the nation, pet owners are converting to grain- and gluten-free diets. Sales of various kinds of dog food are fueled by dog owners’ desire to provide wholesome food for their animals. This encourages the key players to develop new dog food items.

Customers are increasingly opting for clean-label goods as they seek to eliminate undesired components like heavy metals and toxins that are frequently present in pet feeds. Dog food manufacturers are likely to gain a high market share by adopting this trend.

Recent Developments:

Nestlé Purina Petcare announced in December 2020 that it invested US$ 550 million to develop its pet food production facilities in Georgia.

In August 2022, Indian pet food company Wiggles increased its product line by introducing EveryDawg, a new brand of dog food. EveryDawg is a delicious, nutritious dry dog food that is gluten- and sugar-free and suited for all breeds of dogs.
In India, in February 2022, the Pedigree brand of Mars Petcare introduced a new line of dog treats called Ranchos. Spiral Wrap and Super Bones are the two forms in which the items are offered.

Who is Winning?

Evanger’s Dog & Dog Food Company, Inc.
NestlÃ Purina Pet Care
P&G Pet Care
Hill’s Pet Nutrition
Del Monte Pet Products
Affinity Petcare SA
Nutro Products Inc.
Unicharm PetCare Corp.
Total Alimentos SA
Nutriara Alimentos Ltda.
The J.M. Smucker Company
Dave’s Pet Food
Fromm Family Foods LLC
Boulder Dog Food Company
Real Pet Food Company Pty Ltd
Burgess Group PLC
Freshpet
Party Animal, Inc.
Rollover Pet Food Ltd.

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Key Segmentation:

By Nature:

Organic
Monoprotein
Conventional

By Source:

Animal Derived
- Fish
- Chicken
- Duck
- Beef
- Pork
- Venison/Game
- Lamb
- Turkey
Plant-derived
Insect- derived
- Crickets
- Mealworms
- Black soldier flies

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Treats and Chews
- Pastes
- Cremes / Cream-Snacks
- Crunchy snacks
- Chew sticks
- Tablets
- Biscuits
- Jerky
- Rawhide
Dehydrated Food
Freeze Dried Food
Freeze-Dried Raw
Wet Food
Frozen
Raw Food
Powder

By Pet Type:

Puppy
Adult
Senior

By Packaging Type:

Pouches
Bags
Can
Bottles & jars
Folding cartons
Tubs & Cups

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Contact FMI:  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Asia Pacific Tomato Seed Oil Market Set to Achieve USD 124.6 Million by 2033, FMI Estimates

The Asia Pacific tomato seed oil market is set for remarkable growth in the coming years. Projections indicate a value of US$ 62 million by 2023, with a steady 7% annual growth rate.

By 2033, the market is expected to reach a substantial valuation of US$ 124.6 million, reflecting its widespread adoption and significant impact across industries.

In recent years, the Asia Pacific region has witnessed a burgeoning trend in using tomato seed oil, a versatile and nutrient-rich ingredient. Derived from the seeds of ripe tomatoes, this oil has found its way into various industries, including skincare, culinary, and wellness.

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Consumers are becoming more conscious about the ingredients they apply to their skin, seeking natural alternatives that offer both nourishment and effectiveness.

With its high levels of antioxidants, vitamins, and fatty acids, Tomato seed oil has gained popularity for its potential to promote healthy and radiant skin, auguring well for the market demand analysis.

Beyond skincare, tomato seed oil has also made its mark in the culinary world. Renowned for its unique flavor profile and nutritional value, the oil has become a sought-after ingredient in the kitchens of food enthusiasts and chefs alike, indicating its wide application, thereby fostering the market growth.

The Asia Pacific region, known for its diverse culinary heritage, has embraced tomato seed oil in traditional and fusion cuisines. Its rich umami flavor and the health benefits derived from lycopene and other beneficial compounds have made it a favored choice among health-conscious individuals.

With the increasing focus on incorporating natural and nutrient-dense ingredients into everyday meals, the demand for tomato seed oil as a culinary delight is anticipated to grow significantly in the coming years.

While the Asia Pacific tomato seed oil market continues to experience remarkable growth, it has its challenges.

One of the primary challenges is the competition from other natural oils and ingredients in the skincare and culinary sectors. Manufacturers must differentiate their tomato seed oil products by highlighting their unique qualities, nutritional value, and potential health benefits.

The rise of e-commerce platforms and digital marketing has opened new avenues for market growth. Manufacturers are capitalizing on these channels to reach a broader consumer base, promoting the benefits and applications of tomato seed oil.

Key Takeaways:

Based on the form, the unrefined sub-segment was predicted to account for 76.6% in 2022.
During the forecast period, the Asia Pacific tomato seed oil market in China is likely to secure a 9.4% CAGR.
The market in India is projected to move forward at a growth rate of 9.5% from 2023 to 2033.
The cosmetic industry is at the forefront of the application category, with a share of 59.9% in 2022.
Based on the distribution channel, the indirect sales sub-segment seized a 75.3% value share in 2022.

What are Various Aspects of the Competition Landscape in the Asia Pacific Tomato Seed Oil Industry?

The competition landscape in the Asia Pacific tomato seed oil industry is characterized by several key aspects that influence market dynamics and players’ strategies.

The tomato seed oil market in the Asia Pacific features a diverse range of market players, including both established companies and emerging players. These companies compete based on product quality, brand reputation, pricing, distribution networks, and innovation.

To gain a competitive edge, companies focus on product differentiation. They offer unique formulations, organic or natural variants, specialized packaging, and value-added features to attract customers. Product differentiation allows companies to cater to specific consumer preferences and carve out their market niche.

Companies invest in research and development activities to enhance their product offerings and stay competitive.

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Market by Category

By Form:

Refined
Unrefined

By Nature:

Organic
Conventional

By Distribution Channel:

Direct sales
Indirect Sales
- Grocery Retailers
- Hypermarket/Supermarket
- Convenience Stores
- Wholesalers
- Food and drink Specialty
- Health and Wellness Stores
- Online Retailer
- Other Retail Format

By End Use:

Food Service
Food and Beverages
- Bakery
- Confectionary
- Dressing and Condiments
- Sauces and Spreads
- Ready Meals
- Beverage Processing
- Others
Cosmetic Industry
- Skin Care
- Lip Care
- Hair Care
- Cosmetic
- Aromatherapy
Industrial
Animal Feed
Dietary Supplements

By Packaging:

Aseptic
Pouches
Bottles
Jerry Cans
Tin Plate Containers

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Cat Food Industry Set to Reach USD 60.9 Billion by 2033, Growing Annually by 3%, Says Future Market Insights Inc.

The cat food market is forecast to expand at 3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 44,744 million in 2023.

The government’s role influences the cat food industry in regulating the available cat food in the countries. Companies are investing more in cat food to meet the specific requirements of cats’ diets.

Increasing consumer willingness to purchase premium products for their cats is leading firms to create a line of premium products. These products contain more nutrition and enhance the living conditions of pets, thus fueling market growth. Consumers are increasingly adopting pets, driving the trend of pet food premiumization, thus reflecting a positive market outlook in the years to come.

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The demand for cat food is also rising on account of more people opting for no kids, thus propelling a trend toward pets as a substitute. Additionally, a surge in dual-income families and old-age couples is leading to a higher cat adoption rate.

Cat food manufacturers are also shifting toward developing vegan cat food to end the ethical dilemma of vegetarians and the vegan population. Manufacturers are enhancing their production units and diversifying cat food to meet the emerging demands of pet owners.

The availability of cat food on e-commerce sites has led to consumers’ ability to buy foods without any physical barrier. Customers can compare and evaluate the prices and benefits of the products from the comfort of their homes before making a purchase.

Top Highlights from this Market:

The United States cat food industry is projected to be more than 32% in 2023.
In the year 2022, the German cat food industry gained a market value of 10%.
The Japanese cat food industry is expected to gain more than 0.8% market share in the coming years.
The United Kingdom cat food industry is projected to expand at 7.5% CAGR over the forecast period.
The Chinese cat food industry is anticipated to expand at a CAGR of 6.7% over the forecast period.
The India cat food industry is expected to register a CAGR of 4.5% in the next ten years.
Based on nature, the conventional segment acquired a maximum market share of 75% in 2022.
Based on the source, the animal-derived segment gained 68.60% market share in 2022.
Under the product type category, the kibble/dry category formed 35% of the overall market.
Based on pet type, the kitten segment gained a 35% market share in 2022.

Key Players in the Market are Evanger’s Dog & Cat Food Company, Inc., Mars Incorporated, Purina, Hill’s Pet Nutrition, Affinity Petcare SA, Nutro Products Inc., Dave’s Pet Food, Boulder Dog Food Company, Rollover Pet Food Ltd., Real Pet Food Company Pty Ltd, Freshpet, Burgess Group PLC, Nature’s Variety, Fromm Family Foods LLC, JustFoodForDogs, The J.M. Smucker Company, Steve’s Real Food, Natures Goodness Pet Food, Party Animal, Inc.

Market Watch: Innovations in this Market

Mars Petcare obtained NomNomNow Inc. in January 2022. The latter is a D2C fresh pet food brand headquartered in Tennessee, United States that sells fresh food, supplements, and cat treats. Mars Petcare integrated the brand into its Royal Canin division.
Hill’s Pet Nutrition and Boulder-based company revealed in November 2021 an industry-first collaboration to create a substitute for one of Hill’s most popular meat proteins, especially to meet the cats’ dietary needs.
Beaphar procured Pet Food UK, a super-premium pet food firm, in December 2021. The company’s key brands are ‘Meowing Heads’ and ‘Barking Heads’ for cats and dogs, respectively. This acquisition has invigorated the firm’s extant product line and distribution channel.

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Industry by Categorization:

By Nature:

Organic
Monoprotein
Conventional

By Source:

Animal Derived
- Fish
- Chicken
- Duck
- Beef
- Pork
- Venison/Game
- Lamb
- Turkey
Plant Derived
Insect Derived
- Crickets
- Mealworms
- Black soldier flies

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Treats and Chews
- Pastes
- Cremes / Cream-Snacks
- Crunchy snacks
- Chew sticks
- Tablets
- Biscuits
- Cat Milk / Milk snacks
Dehydrated Food
Freeze-dried Food
Freeze-dried Raw
Wet Food
Frozen
Raw Food
Powder

By Pet Type:

Kitten
Senior

By Packaging Type:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

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Skincare Market Poised for Significant Growth, Projected to Reach USD 380,492.2 Million by 2034 at a 8.6% of CAGR

The global skincare market is set for impressive expansion, with an estimated valuation of USD 166,870.4 million in 2024. According to recent forecasts, the market is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 8.6% from 2024 to 2034, reaching an anticipated valuation of USD 380,492.2 million by 2034.

This significant growth in the skincare sector reflects the rising consumer awareness about skin health and the increasing demand for innovative skincare products. Factors contributing to the market’s expansion include advancements in skincare technology, a growing emphasis on personalized skincare solutions, and heightened consumer interest in premium and natural products.

The market’s upward trajectory highlights substantial opportunities for skincare brands and retailers to meet evolving consumer preferences and capitalize on emerging trends. As the global population continues to prioritize skin health and wellness, the demand for effective and high-quality skincare products is expected to drive continued growth in the industry.

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Key Takeaways from Skincare Market Study :

Skincare market is expected to rise at 8.6% CAGR between 2024 to 2034
The U.K. will remain a key market for skincare products within Europe. Rising demand from various hospitals, healthcare, and critical care centers will continue supporting growth
Expansion of the healthcare sector will push growth in Germany, which will account for maximum skincare products sales within Europe’s healthcare sector
Strong growth is likely in China, as consumers increasingly focus on hygiene and sanitization to prevent the risk of infection

Competitive Analysis:

The market is characterized by a small number of startups and well-established skincare vendors. Companies have been expanding their product offerings and developing new markets by introducing cosmeceuticals and cutting-edge skin care products to appeal to a wider spectrum of consumers.

In an effort to take the lead in the skincare product market, the main competitors are exploring mergers and acquisitions. In order to solve customers’ persistent problems caused by the aging population and a lack of time for care, skincare producers are reinventing their products and creating sophisticated and specialty categories.

Customization Available – Here

Prominent Skincare Product Manufacturers:

3M Company
Cardinal Health, Inc.
Ecolab
Gojo Industries, Inc.
Beiersdorf AG’s NX NIVEA
Whiteley Corporation
Reckitt Benckiser Group PLC
Carroll Clean
Johnson & Johnson Consumer Inc.
Galderma laboratories, L.P.
PDI, Inc.
Betco Corporation
Pal International
PSK Pharma Pvt. Ltd.
Metrex Research, LLC.
Gojo Industries, Inc.
Unilever
Steris Plc.
Procter & Gamble

Key Segments:

By Product:

Skin Cleansers
Hand Sanitizers
Surgical Scrubs
Skin Care Cosmetics
Other

By Skin Type:

Normal
Dry
Oily

By Form:

Liquid Skincare
Gel and Lotions
Wipes
Spray and Foams

By End-user:

Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Laboratories
Reference Laboratories
Rehabilitation Centers
Long Term Care Centers
Critical Care Centers
Pharmaceutical and Biotechnology Companies
Academics and Research Institutes
Homecare Settings

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Asia Pacific
Middle East Asia

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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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Real-Time Bioprocess Raman Analyzer Market Set to Reach USD 33.7 Million by 2034 at a 4.8% of CAGR

The global market for real-time bioprocess Raman analyzers market is poised for significant growth, with anticipated sales reaching USD 21.1 million in 2024. Over the next decade, the market is expected to evolve at a steady Compound Annual Growth Rate (CAGR) of 4.8%, potentially attaining a valuation of USD 33.7 million by 2034.

Real-time bioprocess Raman analyzers play a crucial role in the biotechnology and pharmaceutical industries by providing real-time, non-invasive monitoring of bioprocesses. These advanced analytical tools enable precise control and optimization of processes, leading to enhanced product quality and operational efficiency.

The market’s growth is driven by the increasing demand for real-time process monitoring, the rising need for improved process control in biopharmaceutical manufacturing, and advancements in Raman spectroscopy technology. As industries continue to prioritize quality assurance and process optimization, the adoption of real-time bioprocess Raman analyzers is expected to expand.

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Key Takeaways from Real-time bioprocess Raman Analyzers Market Study

The global Real-time bioprocess Raman Analyzers market is estimated to surpass US$ 8.7 Mn by 2021
The U,S, will emerge as dominant market in North America, accounting for over 95% of the overall sales
The U.K. will exhibit growth at a positive pace. According to FMI, it is expected to register nearly 20% Y-o-Y growth in 2021
Both Germany and France are expected to emerge as attractive markets for realtime bioprocess raman analyzer in Europe
Within East Asia, China will account for higher share of proceeds gained by the market
“Increasing research and development activities are expected to boost the growth for Real-time bioprocess Raman Analyzers Market. On the other hand, there is a rising demand for quality healthcare and pharmaceuticals. This has been creating significant growth opportunities for key players” says the FMI Analyst

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Future Market Insights (FMI) brings the comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global Real-time bioprocess Raman Analyzers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the Real-time bioprocess Raman Analyzers market on basis of a component type (Raman Analysers, Raman Probes, and Software), applications (Lab to Process Analysis and Bioprocess Analysis), and end-users (Biopharmaceutical Companies, Contract Manufacturing Organizations, and Research Organizations) across four major regions.

Who is Winning?

The global market is set to broaden its scope in the forecast period, driven by the increasing adoption rate of real-time and automated solutions during bioprocessing, advancements in technology, and reduced cost in manufacturing of biopharmaceuticals. However, lack of a skilled workforce and inadequate information about the benefits has constrained the sales of Real-time bioprocess Raman Analyzers.

Some of the key players operating in the market are Kaiser Optical Systems (Endress+Hauser), Resolution Spectra Systems Inc. (Merck KGaA), Tornado Spectral Systems, and Sartorius AG. Leading companies are consolidating their positions through mergers, acquisitions, and collaborations.

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Real-time bioprocess Raman Analyzers Market by Category Component Type

Instruments
- Raman Analyzers
- Raman Probes
Software

Application

Lab to Process Analysis
Bioprocess Analysis

End User

Biopharmaceutical Companies
Contract Manufacturing Organizations
Research Organizations

Region

North America
Europe
Asia Pacific
Rest of World

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Intelligent Power Modules Market Set to Hit US$ 4,907.3 million by 2033, Driven by Robust CAGR of 11.8% | Future Market Insights, Inc.

The market for intelligent power modules is expected to be worth US$ 1,603.7 million in 2023 and US$ 4,907.3 in 2033. Initial market CAGR for demand for intelligent power modules was 9.7% from 2018 and 2022. is anticipated to be valued US$ 1,603.7 million in 2023 and US$ 4,907.3 million by 2033. The market’s CAGR between 2018 and 2022 for intelligent power modules was initially rising at a rate of 9.7%.

Demand Drivers and Applications:

Due to high power efficiency and low power consumption, the demand for intelligent power modules is well-suited for consumer electronics, smart grids, and other systems. The great advantage of SiC is its enormously improved efficiency. In addition to being quickly adopted in energy-focused industries, like electric cars, SiC also improves the efficiency of electronics across industries and helps the world’s carbon footprint. This impacts the global growth of the market.

New trends and technologies much be incorporated for the intelligent power module sector to expand quickly. Although new technology and its advantages appeal to engineers, creating a control structure is difficult. As a result, the IPM market adopts new technologies at a relatively moderate rate, likely to impede the technology’s development.

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Key Takeaways from Intelligent Power Module Market Research Study :

By 2033, the Intelligent Power Module Market in the United Kingdom is likely to expand, with a CAGR of 23.8%.
In 2022, the United States accounted for 19.2% of the intelligent power module sector.
The intelligent power module market was significantly expanding, with a size of US$ 1,455.3 million in 2022.
By 2033, China’s intelligent power module market will likely expand, with a CAGR of 20.8%.
In 2022, Germany expanded significantly in the intelligent power module business, with an expected share of 7.6%.
By 2033, India is projected to expand significantly in the intelligent power module market, with a share of 25.2%.
In 2022, Australia developed significantly in the intelligent power module business, with an expected share of 3.1%.
Japan’s intelligent power module industry share developed significantly, with a 5.4% share in 2022.
In 2022, the IGBT segment led the market with a significant share and is likely to hold a top spot in the market in terms of type.
Based on the application, the consumer electronics market dominated the industry in 2022.

Top 10 Players in Intelligent Power Modules and their winning Strategies:

Leading companies are releasing updated versions of intelligent power modules; these modules are anticipated to be employed in several applications. Manufacturers are concentrating on crucial strategies to update the system to get a competitive advantage in the market.

Mitsubishi Electric Corp.
Infineon Technologies AG
Semikron Elektronik GmbH & Co. KG
Fuji Electric Co. Ltd
Future Electronics Inc.
Vincotech GmbH
ROHM Co. Ltd
STMicroelectronics NV
Powerex Inc
Fairchild Semiconductors (ON Semiconductor)

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Recent Developments in Intelligent Power Module Industry:

Magnachip introduced a new MOSFET 40V version in April 2022 that is vital to vehicle safety and has AEC-Q101 certification. It has many applications, including BLDC applications for electric oil pumps, power steering, engine cooling fans, and battery cooling fans.

Infineon Technologies significantly increased its manufacturing capacity for wide bandgap (SiC and GaN) semiconductors in February 2022, bolstering its position as the industry leader in power semiconductors.

The business is spending over US$ 2 billion to construct a third module at its Malaysian facility in Kulim.

If completely outfitted, the new module brings in an additional US$ 2 billion in annual income from silicon carbide and gallium nitride items.

Mitsubishi Electric Corp. presented its newest ultra-compact intelligent power module (IPM), branded as DIPIPMTM Ver.7, in August 2019. This module’s characteristics include less radiation noise, low power consumption, and more flexible heat dissipation.

Intelligent Power Module Market Segmentation:

By Type:

IGBT
MOSFET

By Application:

Consumer Electronics
Servo Drives
Transportation
Renewable Energy
Others

By Region:

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

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Nandini Singh Sawlani

Residential VoIP Services Market: Explosive Growth Expected, Reaching $67.8 Billion by 2033

The Residential VoIP Services Market is on a trajectory of remarkable growth, with expectations to surge from a valuation of US$ 22,102.1 million in 2023 to an impressive US$ 67,819.1 million by the end of 2033. Over the course of this ten-year projection, the global demand for residential VoIP services is anticipated to soar at an impressive CAGR of 11.9%.

Key Market Shaping Factors:

Rapid shift from plain old telephone service to IP telephony or VoIP services will drive the global market forward
Rising penetration of 5G along with expansion of high-speed internet infrastructure is expected to boost residential VoIP services industry
High adoption of smartphones is likely to support market expansion during the assessment period
The launch of new VoIP services with additional features such as video conferencing and instant messaging will boost the market
High adoption of cloud services to boost residential VoIP services would find usage worldwide
Growing usage of mobile VoIP apps will create new growth prospects for the market
Increasing popularity of video calling and conferences through novel apps among end-users is forecast to boost the market

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Drivers and Opportunities:

Several key factors are shaping this impressive growth:

The rapid shift from traditional telephone services to IP telephony or VoIP services is propelling the global market forward.
The widespread adoption of 5G technology, coupled with the expansion of high-speed internet infrastructure, is set to power the residential VoIP services industry.
The high penetration of smartphones is expected to provide robust support for market expansion throughout the assessment period.
The introduction of innovative VoIP services incorporating features like video conferencing and instant messaging is poised to further stimulate the market.
The substantial adoption of cloud services is primed to drive residential VoIP services into extensive global usage.
The surging popularity of mobile VoIP apps is creating new growth vistas for the market.
The increasing preference for video calling and conferencing through novel apps among end-users is predicted to substantially boost market growth.

Competitive Landscape – Regional Trends:

The Residential VoIP Services Market exhibits a dynamic competitive landscape with players vying for dominance in various regions. This industry is evolving rapidly, with companies continually innovating to cater to the growing consumer demand for enhanced communication options.

Restraints:

While the prospects are promising, certain limitations and challenges need to be addressed:

Market Definition/Scope/Limitations: The market is defined by its reliance on internet connectivity for voice communication, which can be subject to occasional disruptions.
Competition Benchmarking: The industry is highly competitive, with numerous players striving for market share. This can lead to pricing pressure and innovation challenges.

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Global Residential VoIP Services Market Segmentation

By Service Location:

Domestic
International

By Revenue Model:

Pay-as-you-go Pricing
Subscription Pricing

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltics
Middle East and Africa

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3D Bioprinting Market Set to Surge to USD 6.82 Billion by 2034 at a 11.8% of CAGR

The global 3D bioprinting market is on a strong growth trajectory, with an anticipated market valuation of USD 2.24 billion by 2024. Looking ahead, the market is projected to surge to USD 6.82 billion by 2034, driven by a robust Compound Annual Growth Rate (CAGR) of 11.8% from 2024 to 2034.

This remarkable growth is fueled by significant advancements in tissue engineering and regenerative medicine. The market’s expansion is further supported by increased collaborations between research institutions, biotech companies, and healthcare providers, alongside rising investments in bioprinting technology.

3D bioprinting, which involves creating complex tissue structures and organs using biocompatible materials, is revolutionizing the field of personalized medicine. The technology’s ability to customize treatments and improve patient outcomes is driving its adoption across various medical and research applications.

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Key Takeaways

The 3D cell culture method is an effective alternative to overcome the existing organ donation shortage crisis faced by the world. According to the U.S. Government Information on Organ Donation and Transplantation, more than 113,000 people are on the waiting list as of July 2019. The unavailability of organs for transplant cause the death of 20 patients per day.
3D bioprinting can be a significant solution to the organ transplant waiting for crisis so that patients can receive an organ for transplant in time. 3D bioprinting technology has been used in regenerative medicine through printed devices such as 3D printing surgical instruments and prosthetics. Currently, researchers are testing out bio-ink as a way of printing cartilage, bones, and vital organs.
The ongoing research on regenerative medicine and advancements in tissue engineering are focusing on the regeneration of damaged tissues and organs with the help of 3D bioprinting. A group of scientists from Tel Aviv University developed a fully vascularized heart using 3D bioprinting by using fat tissue cells from a donor. This has led to the development of 3D bio-printed heart tissue. Scientists from Swansea University UK developed a 3D bioprinting process by using regenerative and durable biomaterial.

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Competitive Landscape

The key players operating in the 3D bioprinting market are currently strengthening their materials portfolio. This is mainly done by adding new metals to the product portfolio. Apart from that, technological upgradation is also being done by the key players to simplify the processes. 3D Systems, GE Healthcare, ExOne, Electro Optical Systems, Renishaw plc, and others are the top player of the 3D bioprinting market.

More Insights into the 3D bioprinting market

The Asia Pacific region is expected to dominate the global 3D bioprinting market over the assessment period. As per FMI analysis, developing economies like India, China, and Japan are expected to make massive contributions, owing to massive investment in the healthcare sector. Additionally, increasing disposable income is also expected to surge the market share in this region.

China is expected to generate reasonable revenue in the global market since the Chinese government is offering to fund the establishment of a manufacturing facility for the production of biomaterials and studying 3D-printed organs and tissues. In 2015, Materialise NV. opened its first pediatric 3D medical research facility at the Children’s Medical Center, in Shanghai, China. The focus was on pediatric 3D modeling and medical imaging and 3D fabrication.

3D Bioprinting Market Segmentation

By Technology:

Stereolithography
Selective Laser Sintering
Electron Beam Melting
Fused Deposition Modeling
Laminated Object Manufacturing
Inkjet Printing
Multi-phase Jet Solidification

By Application:

Surgical Simulation and Training Models
Prosthetic Devices
Tissue Engineering and Regenerative Medicine
Orthopedic Implants
Dental Implants
Medical Sensors
Others

By End User:

Medical Device Manufacturers
Pharmaceutical Companies
Research & Academic Institutions
Contract Research Organizations

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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