Market Research Blog – Page 1691 – New Product Development

Xylooligosaccharide Market Growth: Projected to Reach USD 144.5 Million by 2033, Growing at 7% CAGR

The xylooligosaccharide market is predicted to be worth USD 74 million in 2023 and rise to USD 144.5 million by 2033. The global industry was expanding at a CAGR of 7% from 2023 to 2033.

Drivers Impacting the Market Demand

Animal-derived goods are in high demand in the hospitality industry. Therefore the rising consumption of animal-based food products predicts that the key participants are likely to score a new goal in the sector.

Downsides for the Market

The production and sale of xylooligosaccharides are subject to stringent regulations set forth by numerous regulatory organizations. These limitations impede market expansion by making it more difficult for firms to comply with them. Global demand is now constrained by consumers’ limited knowledge of the benefits of xylooligosaccharides. This creates investment concerns for the market.

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Profitable Market Opportunity

Strong prebiotics research and development initiatives are generating new product development, which is boosting the market in various countries. Also, the favorable regulatory environments across many regions stimulate business investment in the sector. It generates a tonne of attractive opportunities for the dominant market players.

Key Takeaways

By 2033, the xylooligosaccharide market in the United Kingdom is likely to expand, with a CAGR of 8%.
In 2022, the United States dominated the xylooligosaccharide sector, with a share of 34%, and is expected to lead during the forecast period.
The xylooligosaccharide market was significantly expanding, with a size of US$ 71.2 million in 2022.
By 2033, the xylooligosaccharide industry in China is likely to expand, with a CAGR of 8.9%.
In 2022, Australia expanded steadily in the xylooligosaccharide business, with a share of 1.2%.
The market is anticipated to expand at a valuation of US$ 90.50 million by 2028, owing to the surging awareness in animal husbandry about feed quality.
By 2033, India is projected to expand significantly in the xylooligosaccharide sector, with a share of 10.8%.
In 2022, Japan grew steadily in the xylooligosaccharide market, with a share of 1.5%.
Based on form, the dry xylooligosaccharide dominated the market with a share of 69% in 2022.
Based on product type, the livestock segment led the market with a share of 38% in 2022.

Effective Techniques by Key Players

The focus of key companies is on executing a range of inorganic growth strategies to strengthen their position in the global xylooligosaccharides market. Since it helps to promote animal gastrointestinal health. The growing need for nutrient-rich feeds for livestock creates opportunities for xylooligosaccharide producers.

The Key Players Are-

Anhui Elite Industrial Co.,ltd
YIBIN YATAI
Dongguan ALL natural plant extracts Co.
Kangwei
HBTX
HFsugar
Longlive
YuHua
Shandong Bailong Chuangyuan Bio-tech Co., Ltd
VW-Ingredients

Recent Developments

January 2021: A novel prebiotic ingredient called CARE4U XOS. A xylooligosaccharide made from sustainably harvested birchwood has been introduced by DuPont Nutrition & Biosciences.
July 2021: The xylooligosaccharide component Mobilee from the Spanish biotech business Bioiberica has been given the green light by the European Commission. As it can be used in food and dietary supplement products.
November 2020: The Japanese business Matsutani Chemical Industrial Co., Ltd. declared that it has created a brand-new technique for creating high-purity xylooligosaccharides. It was created using an enzyme from a mushroom.
In 2021: a new xylooligosaccharide product called ‘Xylo-oligosaccharide-95′ with a purity of 95% was introduced by the Anhui Elite Industrial Co.LTD.

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The Key Segmentations

By Form:

Liquid
Dry

By Product Type:

Pet
- Cat
- Dog
Livestock
- Cattle
- Poultry

- - Broilers
  - Turkey
  - Layers
- Equine
- Swine

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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Plant-Based Tuna Market Forecast: USD 1,320.6 Million Valuation by 2033, Accelerating at 17% CAGR

According to recent research by FMI, the global plant-based tuna market is anticipated to grow at a compound annual growth rate (CAGR) of 17% from 2023 to 2033. The market size is expected to be valued at USD 284 million in 2023, with projections indicating it could reach USD 1,320.6 million by 2033.

The production of plant-based food products, including alternatives to tuna, cod, salmon, shrimp, and crabs, utilizes a diverse array of plant proteins derived from fruits, vegetables, beans, algae, and seaweed. This trend is anticipated to generate numerous opportunities for the vegan tuna market in the years ahead.

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Key Takeaways:

The plant-based tuna market is anticipated to reach a valuation of USD 284 million in 2023.
The plant-based tuna market is predicted to record a CAGR of 17% through 2033.
The plant-based tuna market is expected to expand, particularly as the flexitarian population increases.
The plant-based tuna market is expected to surpass 1,320.6 million by 2033.
The plant-based tuna market recorded a CAGR of 4% from 2018 to 2022.
The United States plant-based tuna market recorded a CAGR of 27.1% in 2022
The plant-based tuna market in China recorded a CAGR of 16.7% in 2022
The plant-based tuna market in India recorded a CAGR of 14.3% in 2022
The plant-based tuna market in Japan recorded a CAGR of 1.1% in 2022

Competitive Landscape

The growing demand for plant-based tuna is driving new entrants to enter the market, leading to heightened competition. In response, established companies are pursuing strategic collaborations to secure a competitive advantage.

Leading players are also implementing strategies like offering home delivery services. For example, Good Catch Foods, a producer of plant-based seafood, now provides its products directly to consumers in the United States. This home delivery option is part of their effort to enhance brand identity and provide added value to customers.

Leading Plant-based Tuna Brands Listed in the Study Include

Good Catch
Ocean Hugger Foods
Sophie’s Kitchen
New Wave Foods
Gardein
Beyond Meat
Prime Roots
Atlantic Natural Foods
Nestlé S.A
Avant Meats

Developments in the Market:

Atlantic Natural Foods, a leading brand, offers a unique combination of flavor and texture in its products which is the outcome of the company’s growing research and development investments.
Nestlé declared the launching of Vuna, a plant-based tuna, in August 2020 as its most inventive product to date. The company’s first product which isn’t seafood was initially intended to launch in Switzerland.
Gathered Foods, one of the well-known manufacturers of plant-based seafood, entered the restaurant industry by collaborating with Vegetarian Grill. Then Vegetarian Grill announced that a special and limited-edition tuna melt available from October 2020 menu list.

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Key Segments

Format:

Refrigerated
Frozen
Others

Source:

Soy-based Protein
Wheat-based Protein
Pea-based Protein
Canola-based Protein
Fava Bean-based Protein
Potato-based Protein
Rice-based Protein
Lentil-based Protein
Flax-based Protein
Chia-based Protein
Corn-based Protein

Distribution Channel:

Retail
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Food Stores
Online Retail
HoReCa (Food Service Sector)

Regional Outlook:

North America – United States, Canada
Latin America – Mexico, Brazil, Rest of Latin America
Europe – EU-4, United Kingdom., BENELUX, Nordics, Russia, Poland Rest of Europe
The Middle East and Africa – GCC Countries, Türkiye, Northern Africa, South Africa, Rest of MEA
East Asia – China, Japan, South Korea
South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
Oceania – Australia, New Zealand

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Beverage Emulsion Industry Forecast: USD 754 Million Market Size by 2033 with 4.3% Growth Rate

The global beverage emulsion market is predicted to register a CAGR of 4.3% over the forecast period, as per FMI’s analysis. The industry’s size is likely to increase from USD 526.5 million in 2023 to USD 754 million by 2033 end.

Consumers, in recent times, are rapidly shifting towards the consumption of readily-available nutritious food and beverages. Such behavioral change in the population has been brought upon by hectic lifestyles, busy schedules, and limited free time to prepare healthy food and beverages. As a result, giving impetus to ready-to-drink beverages enriched with extra nutrition, color, taste, and flavor, which is catering to the surging demand for emulsion for beverages.

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Technological innovations in the packaging industry are enhancing the scope of convenience food products. As emulsifiers are extensively employed in ready-to-drink and plant-based beverages, a rise in RTD/ plant-based beverage sales is projected to directly impact the beverage emulsion industry. Additionally, the demand for premium plant-based drinks is pushing manufacturers to invest in expanding production capacity, thereby enhancing market growth.

Constant new product developments in the market are stimulating the growth of the food industry. Moreover, the requirement for component adjustment in a beverage to meet the current demand is projected to increase the demand for beverage emulsion. The growing demand for organic and natural products, particularly from North America and Europe, is also anticipated to invite more investments from key players to develop innovative products.

Key Highlights of the Beverage Emulsion Market:

The United States beverage emulsion industry is projected to lead the overall market by gaining market revenue of US$ 169.65 million by 2033. The regional market is projected to expand at a CAGR of 4.4% over the forecast period.
China is projected to follow up the United States lead as the country offers a lucrative market for the expansion of beverage emulsion. A large population base accepting new food product launches is also presenting a wide scope for market expansion. The country is anticipated to surpass US$ 119.89 million by 2033, registering a CAGR of 4.7%.
In Europe, Germany is a significant beverage emulsion market. The country is predicted to generate revenue worth US$ 60.32 million by 2033. Germany market is projected to assume a robust CAGR of 7% over the forecast period. Technological innovations in the region are expected to foster market development.
The United Kingdom is yet another significant market in Europe, which is contributing to the region’s growth. The market is projected to obtain market revenue of US$ 45.24 million by 2033, thriving at a CAGR of 6.4% in the forthcoming years.
Spain is expected to contribute US$ 25.64 million towards overall regional growth. The CAGR of the market is anticipated to be 5.4% over the forecast period.
Based on the source, pectin is estimated to dominate the category growth. The segment is projected to expand at 4.2% CAGR over the forecast period, as opposed to a CAGR rate of 3.3% witnessed in the historical period.

Key Companies Profiled

Archer-Daniels-Midland Company; Cargill Inc; CHr. Hansen A/S; Döhler GmbH; DuPont; Givaudan SA; Ingredion Incorporated; Kerry Group; Sensient Technologies Corporation; Tate and Lyle PLC

Recent Developments

In November 2022, DuPont developed a fermented stabilizer to cater to the surging trend of plant-based drinks. The rising utilization of gellan gum in vegan and plant-based beverage formulations is projected to bode well with the growing demand for alternative dairy and protein.
In August 2022, BOISSON announced that it is likely to be expanding its reach, backed by US$ 12 million seed funding. The company has eight stores across the United States and plans to establish its presence on the global platform over the upcoming years. The firm aims to elevate the beverage culture in North America and makes it more inclusive, mindful, and positive for consumers.

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Beverage Emulsion Industry by Category

By Source:

Xanthan Gum
Pectin
Carboxymethyl Cellulose
Carrageenan

By Application:

Non-Alcoholic
Carbonated Beverages

By Emulsion Type:

Color Emulsion
Flavor Emulsion
Cloud Emulsion

By Region:

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

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Citric Acid Market Trends: Expected to Reach USD 248.6 Million by 2034, Growing at a 3.70% CAGR

The demand for citric acid market is likely to rise at a CAGR of 3.70% through 2034. The market value is set to reach a valuation of USD 172.7 million in 2024. Maintaining the steady trajectory, analysis suggests the industry is likely to surpass USD 248.6 million by 2034. The citric acid industry is propelled by several key drivers, including its widespread applications across various sectors such as food and beverage, pharmaceuticals, cosmetics, and household products.

With its versatility as an acidulant, flavor enhancer, and preservative, citric acid remains in high demand, especially in the food and beverage industry, where it serves as a crucial ingredient in processed foods, beverages, and confectionery products. Additionally, the increasing consumer preference for natural and clean-label products further drives the demand for citric acid derived from natural sources, aligning with the trend towards healthier and more sustainable lifestyles.

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Despite its significant growth prospects, the citric acid industry faces several restraints that hinder its full potential. One of the primary challenges is the volatility in raw material prices, particularly those of citrus fruits, which directly impact the production costs of citric acid. Additionally, regulatory challenges and trade barriers in certain regions can pose obstacles to market growth. Moreover, the emergence of alternative acidulants and preservatives in the market presents competitive pressures, compelling citric acid manufacturers to innovate and differentiate their products to maintain market relevance.

The rising trend of clean labels and natural products creates opportunities for citric acid manufacturers to cater to consumer preferences for healthier and environmentally friendly alternatives. Apart from this, several notable trends are shaping the market trajectory. One such trend is the growing adoption of citric acid in non-food applications, such as pharmaceuticals, personal care products, and industrial applications, driven by its multifunctional properties and versatility.

There is a rising focus on product innovation and differentiation, with manufacturers introducing novel citric acid formulations and blends to meet specific customer requirements and address emerging market trends. Moreover, sustainability initiatives and green sourcing practices are gaining prominence, with companies increasingly investing in renewable energy sources and eco-friendly production processes to reduce carbon footprint and enhance environmental sustainability in the citric acid industry.

“The increasing demand for citric acid in emerging markets, particularly in Asia-Pacific regions such as China and India, offers a lucrative growth avenue for manufacturers. Moreover, advancements in biotechnological processes and green chemistry present opportunities for developing sustainable production methods, reducing environmental impact, and enhancing cost-efficiency.“ – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Market Study

The citric acid industry in India is projected to rise at a CAGR of 5.1% through 2034.
The citric acid industry in the United States is anticipated to rise at a CAGR of 2.3% through 2034.
China’s citric acid industry is likely to witness expansion at a CAGR of 4.3% through 2034.
Japan’s citric acid industry is projected to rise at a CAGR of 5.1% through 2034.
Germany’s citric acid market is expected to rise at a 2.3% CAGR through 2034.

Which are Some Prominent Drivers of the Citric Acid Market?

Clean Label Trends Support the Demand for Citric Acid

Citric acid is used extensively across the food & beverage industry, with natural sources being preferred as a viable alternative to traditional phosphate ingredients. Citric acid is used as a clean-label solution as an alternative to titanium oxide, monoglycerides, diglycerides, edible gums, and hydrocolloids.

Manufacturers are pushing for research into the use of citric acid as stabilizing and binding agent in beverage end products in terms of managing flavored oils. This makes it a popular option as an emulsifier product in foods such as yogurts and other convenience foods.

Rising levels of consumer health awareness including essential nutrition and easier availability of clean-label product offerings will drive demand in the sector for the foreseeable future. These characteristics of citric acid will provide impetus to applications in the pharma, metal, and personal care & cosmetics industries.

Prevalence of Convenience Foods Escalating Sales of Citric Acid

Citric acid is largely being used in the regional food processing industry to enhance the shelf life of convenience foods. Well established food processing industry in the region is expected to have a positive impact on industry trends.

The manufacturers are penetrating various market segments by introducing citric acid-based products such as confectionery, diabetic baked products, ice creams, low-calorie jellies, low-calorie sugar, dietary beverages & snacks, and low-fat dairy products. The rising demand for these products is expected to boost the demand among consumers.

Competition Outlook of the Citric Acid Industry

The citric acid industry exhibits a competitive landscape characterized by established players vying for dominance. With the growing demand for citric acid across diverse sectors such as food and beverage, pharmaceuticals, and cosmetics, competition intensifies among manufacturers striving to meet evolving consumer needs and preferences. This heightened competition underscores the significance of product differentiation, innovation, and efficient supply chain management in sustaining competitive advantage within the industry.

Companies are increasingly focusing on enhancing their production capabilities and expanding their geographical presence to capture a larger market share. Additionally, strategic collaborations, mergers, and acquisitions are prevalent strategies employed by key players to strengthen their market position and gain a competitive edge. Moreover, investments in research and development to improve product quality, reduce production costs, and explore new applications of citric acid contribute to maintaining competitiveness in the market.

Looking ahead, the citric acid industry is poised for continued competition as market players adapt to changing consumer preferences, regulatory requirements, and technological advancements. As globalization further expands market opportunities, companies must remain agile and innovative to stay ahead of the competition and capitalize on emerging growth prospects in the global citric acid market.

Recent Developments:

Cal2Mg, a calcium-magnesium citrate, was introduced by Gadot Biochemical Industries in November 2022.
Jungbunzlauer, a significant citric acid manufacturer, developed monomagnesium citrate in June 2022. Jungbunzlauer extended its Port Colborne citric plant in April 2021. Citric acid and citrate-based bio- and functional compounds are popular globally. Thus, growth is needed.

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Key Segments

By Application:

Acidulant
Cleaning agent
Binding Agent
Preservative
Others

By Form:

Liquid Citric Acid
Powder Citric Acid
- Anhydrous
- Monohydrous

By Product Type:

Natural
Artificial

By End Use:

Citric Acid for Food & Beverages
- Bakery & Confectionary
- Dairy
- Convenience Food
- Beverages
- Jams & Preserves
- Others
Citric Acid for Pharmaceuticals
Citric Acid for Animal Feed
Citric Acid for Personal Care
Citric Acid for Metal Finishing & Cleaning
Others

By Region:

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

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Beta-Glucans Market Outlook: Projected Growth to USD 2.3 Billion by 2033 at 5.7% CAGR

The Market For Beta-Glucans had a market share valued at USD 1.23 Billion in 2022, and it is anticipated to rise at a steady CAGR of 5.7% from 2023 to 2033 to attain an estimated value of USD 2.3 Billion.

The global beta-glucan market is primarily driven by the increasing consumer preference for plant-based foods and ingredients that fulfill nutritional requirements and enhance daily nutrient intake. Looking ahead, the market is expected to be propelled by the rising global population, growing awareness of nutritional benefits, and advancements in extraction technologies.

Nutraceutical manufacturers are increasingly focusing on creating a range of all-natural supplements that leverage the health benefits of beta-glucan to support immune and digestive health. This expansion in beta-glucan use in manufacturing reflects the growing global trend towards eco-friendly and plant-based food components. The future growth of beta-glucan in the global market is assured by the anticipated environmental shifts and the rising demand for nutrient-rich solutions.

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Key Takeaways from the Market Study

According to estimates, the market for beta-glucans was worth US$ 1.16 billion worldwide in 2018.
The beta-glucans market saw a considerable increase in sales from 2018 to 2022, with a CAGR of 2.2%.
The market share of soluble beta-glucans increased to more than 40% in 2022.
The cereals and grains market was predicted to have 39% of the market in 2022.
The beta-glucans market in the US increased its worldwide market share to 28.9% in 2022.
The beta-glucans market in the United Kingdom is anticipated to develop at a 5.6% CAGR between 2023 and 2033.

The key players in the Beta-glucans market include:

Tate & Lyle Plc.
Koninklijke DSM N.V.
Garuda International Inc.
Cargill Inc.
Kerry Group Plc.
Ceapro Inc.
Biotec BetaGlucans AS
Super Beta Glucan
Alltech Life Sciences

Competitive Landscape

A widely scattered beta-glucan industry has resulted from the entry of several local and domestic companies onto the global market. The manufacturers of beta-glucan are actively capitalizing on expanding the distribution network, implementing cost-saving strategies, and positioning a range of beta-glucan products on the global market.

Private-label and region-dominant firms have established new standards for the research and development of cost-effective specialty glucans, including those made from cereals as well as algae. Major producers of organic components are being enticed by this to expand their product ranges and introduce new products faster in the coming years. The following are some significant advancements in the beta-glucans industry:

Kemin Industries introduced beta-glucan as a potential immunomodulator in 2020. The unbranched 1,3 beta-glucan generated by Euglena can be utilized as a supplement to help modulate the immune system.
According to research released by NCBI, in 2020, as awareness of the value of dietary fiber-rich foods grows, beta-glucan will increasingly be added to foods like pasta and oats because of their high fiber content.
Beta-glucan has been shown to be an effective supplementary treatment for mild atopic dermatitis (eczema) in the 2016 Journal on dermatologist treatment. In 2020, beta-glucan was found to exhibit efficient antioxidant features, that address several skin concerns, from calming and hydrating dry skin to eliminating the appearance of fine lines & wrinkles.

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Key Segments Profiled in the Beta-glucans Market

By Source:

Yeast
Cereal
Barley
Oats
Others

By Functionality:

Insoluble beta-glucan
Soluble beta-glucan

By Application:

Bakery Products
Food & Beverages
Cosmetics & Personal Care
Dairy & Frozen Products
Health & Dietary Supplements
Others

By Region:

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

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Paleo Foods Market to Expand at 5.6% CAGR Through the Next Decade, Predicts Future Market Insights Inc.

The Paleo food market has witnessed a remarkable surge in popularity over the past few years, as health-conscious consumers seek to embrace a more primal approach to nutrition. Inspired by the eating habits of our ancient ancestors, the Paleo diet emphasizes whole, unprocessed foods, and eschews modern grains, refined sugars, and processed foods.

The global paleo food market is anticipated to register a CAGR of 5.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 11.2 billion in 2023 to US$ 19.4 billion by 2033 end.

The paleo food market is projected to witness an upward trend over the upcoming years. This can be attributed to the surging efforts by key participants to encourage healthy eating by developing delicious foods consisting of real paleo ingredients. Additionally, innovation in the packaging of paleo food items to preserve these food products, in tandem with attracting more consumers, is supporting the market expansion. Further, the elevating awareness about the paleo diet and its cost-effectiveness is propelling the market growth.

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The extreme popularity of the paleo approach among health enthusiasts and fitness influencers on social media is also driving the paleo food industry. The market is further benefitting from the branding activities adopted by key players to effectively promote their paleo food products. Surging awareness about the health benefits and weight loss potential of the Paleo diet is boosting the demand for paleo food the world over.

Key Highlights of the Paleo Food Market:

The United States is a principal country for paleo food. The country is projected to account for US$ 6.9 billion by 2033, registering a CAGR of 5.4%. Prolific expansion owing to surging collaborations between existing companies is leading to market expansion.
China is expected to be a significant market in the Asia Pacific. The market is projected to generate sales of US$ 1.4 billion by 2033, expanding at a CAGR of 5.1%. Growing investment in organized retailing to deepen the market penetration is propelling the market growth.
The United Kingdom is projected to witness a market valuation of US$ 816.4 million by 2033. The market is anticipated to demonstrate a CAGR of 4.7% from 2023 to 2033.
The growing demand for vegetables is yielding market expansion. The vegetable section is estimated to secure a CAGR of 5.2% over the forecast period.

News Featuring Market Developments by Key Players of Paleo Food Solutions:

In March 2022, The Paleo Diet, LLC, along with Where Food Comes From, Inc. jointly revealed their partnership offering an industry-leading paleo food certification. Through this partnership, the latter company has decided to be the exclusive third-party verifier of The Paleo Diet food program. This certificate program is the only one recognized by the founder of the modern paleolithic nutrition movement, Dr. Loren Cordain.
In September 2019, Caveman Foods, a developer of delicious foods made of real paleo ingredients, introduced three new flavors of Grain Free Granola. With snacking on the rise, and surging consumer demand for delicious and healthy snacks, Caveman has come up with Grain-Free Granola. This product offers real foods like seeds and nuts and is sweetened with coconut sugar and maple syrup. Each variant of this product is dairy-free, soy-free, grain-free, and non-GMO project certified.

Buy now

Key Segments

By Product Type:

Meat
Fish and Seafood
Eggs
Vegetables
Fruits
Nuts and Seeds
Fats and Oils
Salt and Spices
Others

By End Use:

Cereals
Bakery Products
Snacks
Sports Nutrition & Beverage

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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
LinkedIn| Twitter| Blogs | YouTube

Portable Car Vacuum Market is Exhibit a CAGR of 8.4% During Forecast Period by 2033

The portable car vacuum market is revving its engine for explosive growth, projected to reach a staggering US$ 24.5 billion by 2033. This 8.4% CAGR presents a golden opportunity for brands to claim their share of the on-the-go cleaning revolution. Here’s why your company should be in the driver’s seat:

Essential for Every Driver: Portable car vacuums have become an indispensable tool for car owners who prioritize a clean and comfortable driving experience. They effectively remove dust, debris, and even liquids, keeping your car’s interior looking and feeling fresh.
Convenience Reigns Supreme: Handheld vacuums are leading the charge, with their compact size and maneuverability making them ideal for reaching tight spaces and tackling messes on the go. This convenience factor is a major driver of market growth.

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Aligning with Modern Trends: The rising disposable income and growing service sector globally are fueling the demand for car care solutions. Portable vacuums cater to this trend, enabling car owners to maintain a clean and healthy vehicle environment.
Cleanliness Takes the Wheel: Consumers are increasingly recognizing the importance of a germ-free car interior. Your innovative portable vacuums can empower drivers to prioritize a clean and healthy driving experience.
Innovation is Key: By investing in research and development, you can stay ahead of the curve. Develop cutting-edge features like the built-in LED light in the ThisWorx Car Vacuum, allowing for a truly thorough clean.
E-commerce Advantage: The online sales channel is poised for significant growth due to the convenience it offers. Ensure your portable vacuums are readily available on major e-commerce platforms to maximize market reach.
Global Opportunity: North America and Europe are established leaders, but emerging markets like East and South Asia present immense potential due to rising living standards and a growing working population.
Meeting Evolving Needs: Countries like China and India, with booming automobile industries, offer a lucrative market for portable car vacuums. By prioritizing customer safety and convenience, you can tap into this growing demand.

The portable car vacuum market is a dynamic and exciting space. By focusing on convenience, innovation, and strategic online presence, your company can position itself as a leader in this ever-expanding market. Partner with us to develop a winning strategy and ensure your brand becomes the go-to choice for a clean and comfortable driving experience!

Portable Car Vacuum Market: Drivers and Restraints

The rise in working population and increase in living standards of consumers is expected to drive the growth of the portable car vacuum market.

The advantages such as ease, time-efficiency, and benefits, these portable car vacuums offer is expected to boost the overall growth of the portable car vacuum market.

The increasing demand of small vacuum cleaners, handheld vacuum cleaners and battery powered vacuum cleaners is expected to drive the growth of the global portable car vacuum market.

However, the production of counterfeit products, under the same brand name, low quality of post-sale services and unavailability of spare parts is expected to hamper the growth of the global portable car vacuum market. Additionally, the high product price is expected to restrict the growth of the portable car vacuum market.

Regional-Wise Outlook

Geographically, the portable car vacuum market is segmented into seven regions viz. South Asia, East Asia, Europe, Latin America, North America, Oceania and Middle East and Africa.

The North America is expected to account for the largest share in the portable car vacuum market due to the living standards of consumers which is very high in this region. Europe is expected to have the second largest market for global portable car vacuum market.

However, East Asia is expected to observe a substantial growth in the portable car vacuum market due to improving standards of living.

On the other hand, South Asia is anticipated to experience fastest growth in the portable car vacuum market due to increasing working women’s population in this region.

In the Middle East and Africa the market growth is expected to be limited due to slow economic growth, underdeveloped infrastructure and lower access to technological advancement.

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Key players

LG Electronics
Haier Inc.
Samsung
Miele & Cie
Bissell
Panasonic Corporation
Koninklijke philpips N.V
iRobot Corporation
Dyson
Techtronic Industries Co. Ltd.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology Matrix
Value Chain

Regional analysis of the Portable Car Vacuum Market report includes

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

Key Segmentations:

Tentatively, the global portable car vacuum market has been segmented on the basis of type and distribution channel.

Based on Type

Handheld
Canister
Upright
Stick
Backpack robotic
Others

Based on Distribution Channel

Online channel
Company owned websites
E-commerce sites
Offline channel
Brand stores
Departmental stores

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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Plant-Based Beef Market Expected to Reach USD 26.9 Billion by 2033, Future Market Insights Reports

The plant-based beef market is a rapidly growing segment of the food industry that offers alternatives to traditional beef products using plant-based ingredients. This market has gained significant traction in recent years, driven by increasing consumer demand for more sustainable and healthier food options.

Plant-based beef products are typically made from a combination of ingredients such as soy, wheat, peas, mushrooms, and other plant-based proteins. These ingredients are processed and formulated to mimic the taste, texture, and appearance of traditional beef products. The goal is to provide consumers with a viable alternative that closely resembles the experience of eating real beef while offering additional benefits.

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According to recently published market study data on plant-based beef, the industry is anticipated to grow at a CAGR of 20.6% in value from 2023 to 2033, from an expected market value of USD 4.1 billion in 2023 to USD 26.9 billion.

The global food and beverage recent industry changes illustrate the growth in plant-based alternatives that has brought disruption. Companies across the spectrum are investing heavily in creating and acquiring new products and brands which will provide momentum to the surging consumer demand for plant-based beef products.

Plant-based meat has become one of the most popular, healthy, and environmentally responsible ways of life. This is due in part to plenty of new plant-based meat alternatives that mock meat products in taste, texture, mouthfeel, and behave like the “genuine thing.”

Key Takeaways from the Plant Based Beef Market Study

Future Market Insights (FMI) forecasts impressive growth of the Plant Based Beef market at over 22.7% CAGR between 2022 and 2032 Based on the source, the soy-based protein segment holds the dominance in the market for plant based beef, while wheat-based protein segments are expected to grow prominently in the forecasted period of 2022-2032.

Based on the product type, burger patty segment holds the dominance in the market for plant based beef As alternate protein gains traction in the market owing to the increasing awareness about the environmental impact of food choices consumers make, the majority of the population is shifting towards plant based beef and is expected to gain traction in near future Companies across the spectrum are investing heavily in creating and acquiring new products and brands which will provide momentum to the surging consumer demand for plant-based beef products

New Product Development Fuelling Plant-Based Products Demand

Increasing demand for innovative products has paved the way for product development across frozen, chilled and ambient segments. This innovation helps consumers with a wider choice of brands and products, and allows plant-based beef to advance improved shelf space and recognition.

UK is the global leader for vegan food launches. In 2019 approximately 18% of new food launches were vegan. Tesco has developed wicked kitchen range of meat-free products.

Who is winning?

A few of the leading players operating in the Plant Based Beef market are Impossible Foods, Inc., Gardein by Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd. and other players.

Several leading manufacturers of Plant Based Beef are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of Plant Based Beef are investing in research and development to produce organic, non-GMO ingredients for Plant Based Beef.

Key Segments in Plant-based beef meat Market

By Source?

Wheat
Pea
Quinoa
Oats
Beans
Nuts
seeds

By Product

Plant-based beef jerky
Plant-based beef patty
Plant-based beef pot pie
Plant-based beef stew
Plant-based beef strips

By Process

Mixing
Blending
Forming/Shaping
Freezing Systems
Storage

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Frequently Asked Questions
What is the plant-based beef market size?
At what rate did the plant-based beef Market Expand in The Last Five Years?
What are the key factors driving Plant-based beef market demand?
What is the United States Plant-based beef Market Outlook?
Which Countries are the highest consumers of Plant-based beef?
Which is the Highest-Grossing Region in the Global Plant-based beef Market?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Laundry Sanitizers Market is Expected to Exhibit a CAGR of 3% During Forecast Period By 2033

The laundry sanitizers market is poised for steady growth, with a projected valuation exceeding US$ 50.66 million by 2033. This upward trend, fueled by a CAGR of 3%, reflects a growing consumer focus on personal hygiene and keeping laundry germ-free.

A New Weapon in the Hygiene Arsenal

Laundry sanitizers are emerging as a powerful tool for combating germs and bacteria in clothing. Unlike traditional fabric softeners, sanitizers offer an extra layer of protection, eliminating up to 99.9% of germs while remaining gentle on most fabrics. This makes them ideal for athletes and anyone concerned about dirty or unhygienic clothing.

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Driven by the Pandemic and Beyond

The COVID-19 pandemic significantly impacted consumer cleaning preferences. Heightened awareness of personal hygiene and the importance of handwashing has translated into a surge in demand for laundry sanitizers. This trend is expected to continue, with consumers prioritizing cleanliness and seeking out effective hygiene solutions.

Healthcare and Eco-Conscious Trends

The increased use of disinfectants and cleansers in the medical industry has spurred the development of laundry sanitizers specifically formulated for hospitals and other healthcare settings. Additionally, the rise of eco-conscious consumers is driving the demand for natural and organic laundry sanitizers, free from harmful chemicals. Companies like Micro Balance are catering to this segment with their 100% organic sanitizers.

Innovation and Education

Laundry sanitizer manufacturers are continuously innovating, offering a variety of scents and unscented options for those with sensitive skin. Brands like Nature&Miracle are addressing specific needs with pet stain and odor-removing sanitizers. Moreover, industry leaders are investing in educational campaigns to promote good hygiene practices. Dettol’s nationwide program in Australia exemplifies this commitment to public health awareness.

Market Growth Across Regions

North America and Europe are expected to maintain their dominance in the laundry sanitizers market due to the presence of major producers and rising hygiene concerns. The Asia Pacific region, particularly countries like India and China, presents significant growth potential due to increasing awareness and disposable incomes. Local players are capitalizing on this opportunity, offering innovative solutions tailored to regional needs.

Looking ahead, the laundry sanitizers market is well-positioned for continued expansion. By prioritizing hygiene, sustainability, and consumer education, brands can solidify their position in this evolving market and empower consumers to maintain clean and healthy laundry habits.

Further, certain laundry sanitizers cause issues such as rashes, and skin irritation post usage, thus, hindering adoption for maintaining clothing hygiene.

COVID-19 Impact on Laundry Sanitizers Market

Recent studies have emphasize the possibility that the coronavirus can survive on clothes for several hours. Even though these findings and directives from public health administrations offer insight regarding addressing viral contagion on surfaces, the same does not hold true for clothing and other textiles.

While the possibilities of getting infected from COVID-19 via contaminated clothing are significantly low, consumers are still following “better safe than sorry” motto. Consumers are turning to trusted laundry sanitizer brands that ensure optimum results.

Consumers are becoming increasingly cautious about bringing in germs from outside, and this behavior is likely to continue even beyond the COVID-19 chapter. Thus, the market for laundry sanitizers is poised to witness top-line growth in the coming two quarters of 2020.

Laundry Sanitizers Market – Regional Analysis

North America and Europe would remain at the forefront of the laundry sanitizers market, given presence of leading manufacturers in both the developed regions. The surging epidemiological numbers due to COVID-19 crisis in the US, and certain European economies are primarily fueling the regional markets.

As a result, consumers have become increasingly conscious regarding hygiene. Moreover, the US Environmental Protection Agency (EPA) is granting easy approvals to disinfectants for usage against the coronavirus.In a similar fashion, the laundry sanitizers market in Asia Pacific (APAC) is likely to offer potential growth prospects to stakeholders.

While COVID-19 cases in India are outperforming, China is facing the second wave of the pandemic. Several local personal hygiene companies are leaping into the bandwagon to grab the lucrative prospect and serve the consumers.

Laundry Sanitizers Market – Competitive Landscape

Looking at the surging demand for personal hygiene products, market players are tapping the potential opportunity by innovating their product offerings. For instance,

Micro Balance is developing laundry sanitizers that are 100% natural and free of chemicals such as phosphates, caustic substances, or chlorine.
Nature’s Miracle is producing laundry sanitizers that are ideal for eliminating pet stains and odors.

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Moving ahead, players are investing in promotional campaigns to raise awareness regarding hygiene and hand washing. Case in point, Dettol has announced to launch its new national campaign in Australia to enlighten consumers about the important hygiene practices. Players operating in laundry sanitizers market include Clorox, Lysol, Dettol, Lifebuoy, Micro Balance, and Nature’s Miracle.

Laundry Sanitizers Market – Segment Analysis

The global laundry sanitizers market is categorized based on the following:

Sales Channel

Grocery Stores
Convenience Stores
E-Commerce
Other Channels

Packaging Format

Bottles
Pouches
Cartons

Region

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South 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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Water Gel Market Projections: Expected CAGR of 6.9%, Culminating in a Valuation of US$ 56.5 Billion by 2033

The water gel market is expected to reach a valuation of US$ 29 billion by 2023 and is projected to demonstrate a compound annual growth rate (CAGR) of 6.9% from 2023 to 2033. By 2033, it is anticipated to expand to US$ 56.5 billion. Consumers are increasingly prioritizing hydration for both internal health and a radiant complexion. Studies even show that over half of American women believe hydration significantly impacts their appearance.

Why Water Gels?

Here’s what makes water gels so popular:

Perfect for Oily Skin: Water-based formulas offer lightweight hydration ideal for oily skin types.
Long-lasting Moisture: Water gel hydrators, like Clinique’s 72-hour lotion, promote the skin’s natural hyaluronic acid production, keeping it plump and wrinkle-free.
Clean and Gentle: Unlike traditional moisturizers, water gels typically omit harsh surfactants, making them gentler on the skin.
Vitamin Power: Many water gels are infused with vitamins and extracts for added benefits.

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Innovation is Key

Manufacturers are constantly refining water gel formulas to meet consumer demands:

Enhanced Performance: New gel compositions aim for superior pigment and filler hold, a smooth feel, cooling comfort, and long-lasting wearability.
Lightweight Luxury: Popular options like Neutrogena’s Hydro Boost Water Gel deliver deep hydration without a heavy or greasy feel.

North America Leads the Charge

North America remains a dominant force in the water gel market, driven by extensive marketing and readily available personal care products through online and retail channels. The region also boasts many leading water gel manufacturers.

The Future of Hydration

With its focus on lightweight hydration and clean ingredients, the water gel market is poised for continued growth. As consumers prioritize healthy skin and innovative products, water gels are likely to remain a staple in skincare routines for years to come.

Water Gel Market – Key Drivers and Developments

Water gel based products are exceptional options for individuals as they weigh less when compared with a rich moisturizer. The skin quickly soaks up the product, making them a good base. They are particularly helpful for individuals with oily or acne-prone skin, as they don’t add oil to the skin’s already-oily surface, thus making them most effective for all skin types.

The product compositions are free of surfactant materials that are conventionally added in lotion compositions and cosmetic cream to emulsify a water-insoluble oily phase. Moreover, several Vitamins and derivatives are added to the composition which is inflating the market scope.

Manufacturers are focusing on gel compositions with remarkable pigment and/or filler dispersibility and stability, having a good appearance, offering a sense of coolness and refreshment without stickiness, and with exceptional applicability and fitness to the skin when compared to conventional gel compositions.

For instance, Neutrogena’s Hydro Boost Water Gel, a favorite among consumers and rated over 1400 stars reviews on Amazon, the alcohol-free moisturizer is prepared with hyaluronic acid to draw moisture to the skin without feeling heavy or sticky.

Consumers’ preference towards eco-friendly products has further the market demand for water gels. A group of researchers from Japan has made an α-gel with a compound matching a key component of the moisture-holding layer on the skin. The α-gel makes possible effective skincare and eco-friendly products with low energy costs.

Water Gel Market – Growth Restraints

Thin and lightweight, water gel based products provide enough hydration for most skin types, however, for dry skin or with a skin condition such as eczema, it might not moisturize as well as a cream. This can hamper the water gel market growth. Furthermore, the high cost of water gel based products can impede market growth over the years to come.

Water Gel Market – Region-wise Analysis

Europe is expected to witness rapid growth due to the presence of large market players focusing on product development, market research, and regulatory compliance respectively. According to a report, the region has more than 77 scientific innovation facilities that research concerning cosmetics and personal care.

The Asian region has shown impressive growth over recent years in the production and consumption of water gel products due to the existence of several potential markets such as Japan, India, South Korea, and China are fuelling the need for personal care products.

Recent researches suggested that the region captures over 40% of global beauty and personal care launches with the hydrating claim.

Water Gel Market – Competitive Analysis

Some of the major market players operating in the global water gel market include Neutrogena (Johnson & Johnson), Olay (Procter & Gamble), The Estée Lauder Companies Inc., CeraVe, Lancôme, and Clarins.

The overall competition is anticipated to remain high during the forecast period owing to the increasing demand for eco-friendly products. Several manufacturers are focusing on research and development, merger and acquisitions, and market expansion to strengthen their competitive strength.

The Estée Lauder Companies Inc. took over the Seoul based Have & Be Co. Ltd., the worldwide skincare company behind Dr. Jart+ and men’s grooming brand Do The Right Thing. The acquisition will help the former to boost its market presence in the South Korea region.

Lancôme opens the new Champs-Élysées flagship store offering all of its products with production personalization included in the shopping experience. Moreover, the brand has scheduled the opening of another flagship store in Beijing, China, in 2020.

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Water Gel Market – Segment Analysis

The global water gel market is categorized on the basis of following:

By Components

Water- Soluble Humectant
Hydrophilic Gelling Agent
Silicon Component
Water-oil repellent Agents

By Distribution Channels

On-line Platforms
Speciality Stores
Supermarket & Hyper Market
Others

By Region

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South 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.

Contact Us: