Market Research Blog – Page 1717 – New Product Development

Algae Products Market to Reach USD 9.15 Billion by 2033 with a 5.4% CAGR, Fuelled by Expanding Applications in Nutraceuticals and Pharmaceuticals

The Algae Products Market size is poised for significant growth, with a projected market value of USD 9.15 billion by 2033, reflecting a compelling CAGR of 5.4%. This surge presents a lucrative opportunity for B2B investors seeking exposure to a sustainable, versatile, and future-proof market.

Algae products encompass a diverse range of applications, making them a valuable asset across various industries. Derived from these aquatic organisms, algae products offer unique functional properties:

Nutraceuticals and Pharmaceuticals: Algae are rich in omega-3 fatty acids, protein, and antioxidants, making them ideal for nutraceuticals and pharmaceuticals. They are used to create dietary supplements, anti-aging products, and medications.
Food and Beverages: Algae act as thickening agents, emulsifiers, and natural coloring agents in food and beverages. They are also a sustainable source of protein and healthy fats, catering to the growing demand for functional foods.
Cosmetics and Personal Care: Algae’s anti-aging properties and ability to improve skin texture make them popular ingredients in cosmetics and personal care products. They are used in moisturizers, serums, and anti-aging creams.
Aquaculture and Animal Feed: Algae provide essential nutrients for fish and livestock, promoting growth and overall health. This is particularly relevant in the expanding aquaculture industry.
Biofuels: Algae can be a sustainable source of biofuel, offering a cleaner alternative to fossil fuels. Research and development in this area are ongoing.

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Demand on the Rise: Consumers Seek Health and Sustainability

Several key trends are fueling the burgeoning demand for algae products, attracting B2B investor interest:

Health and Wellness Awareness: Consumers are increasingly prioritizing healthy and functional ingredients in their food and personal care products, driving demand for natural alternatives like algae.
Growing Pharmaceutical Industry: The global pharmaceutical industry’s expansion, particularly in developing economies, creates a rising demand for algae as a source of nutraceutical ingredients and pharmaceutical excipients.
Sustainable Food Trend: The growing interest in sustainable and eco-friendly food production methods is propelling the use of algae as a protein source and functional ingredient.
Functional Food Innovation: Food manufacturers are constantly exploring new applications for algae, incorporating them into functional foods with added health benefits.
Focus on Natural Ingredients: Consumers are seeking natural alternatives in cosmetics and personal care products, leading to increased adoption of algae-based ingredients.

Key Takeaways from the Algae Products Market

The United States dominates the market for algae products, with an expected value of US$ 2.64 billion over the projected period.
China has the second highest market share, valued US$ 2.21 billion, and is expected to rise at a 7.9% CAGR during the projection period.
Demand for algae products in Germany is expected to expand at a CAGR of 3.2% over the forecast period.
The market for algae products is expected to profit considerably from an increase in protein supplement usage in Japan.
Cosmetics applications are expected to generate more than US$ 165 million in revenue by 2032. Due to the growing number of personal care and cosmetics algae, the use of algae products in personal care goods is projected to expand.
Through 2033, the green algae segment is expected to see the quickest CAGR of 5.5%.
The brown algae category dominated the global market in 2033, accounting for 28% of the market, in terms of revenue share.

What are the Players in the Algae Products Industry Doing?

The majority of manufacturers are focusing on boosting their current production capacity by increasing sales in a number of these locations because the market has not yet been consolidated by significant players. The companies are also focusing on developing novel techniques for manufacturing and storing nutritional supplements. In order to make the manufacturing of algae products profitable, a number of corporations and governmental bodies are working to cut both capital and operating expenses. Many stakeholders have selected algae production, which makes use of water and terrain unsuitable for other uses.

Major Players in the Algae Products Market

Algatechnologies, Ltd.
BASF SE
ADM
Cargill, Inc.
Corbion NV
Corteva Agriscience
CP Kelco ApS
Cyanotech Corporation
I.D. Parry India Ltd.
Fenchem Biotek Ltd.
Ingredion, Inc.
Kerry Group PLC
Roquette
Royal DSM NV

Recent Developments in the Algae Products Market

The first seaweed powder product in the WavePure ADG family, WavePure ADG 8250, was available in February 2021. This “pleasant and adaptable” marine ingredient was developed to emphasize the silky and creamy dairy textures and to offer gelling and thickening properties from an organoleptic perspective.
In October 2020, Cyanotech Corporation announced the launch of BioAstin Hawaiian Astaxanthin, a unique delivery form, water-dispersible powder, in both 1% and 2% concentrations.
In April 2021, Yemoja released EPS-Revive, a topical external polysaccharide sulfate (EPS) beauty component derived from a red algae species, as a part of a new range of skincare products based on algae.

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Segmentation Analysis in the Algae Products Market

By Form:

Solid
Liquid

By Source:

Brown Algae
Blue-green Algae
Red Algae
Green Algae

By Application:

Food & Beverage
Nutraceuticals & Dietary Supplements
Personal Care
Pharmaceuticals
Animal Feed
Other Applications

By Region:

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

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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Cow Milking Machine Market Set to Grow to USD 1,989 Million by 2033, With an 8.4% CAGR Driven by Automation and E-commerce Expansion

It is estimated that the cow milking machine market is likely to be valued at US$ 888 million in 2023, and likely to reach US$ 1,989 million by 2033. During the forecast period, the demand is anticipated to expand at a CAGR of 8.4%.

A large market potential is expected to be created by focusing on new dairy businesses, creating cutting-edge products, and increasing product penetration through e-commerce.
Automated cow milking machines, which also give fresh milk in a clean and secure manner, are recent increasing adoption trends in the industry.

Milk contamination and inconsistent milking are two issues related to manual milking that are addressed by leading cow milking machine manufacturers. The rise in dairy farm production has created numerous chances for top players in the cow milking machine market on a global scale.

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Labor costs are further reduced by the machine’s single-operator capability. The higher initial cost of the cow milking machine is the main barrier to the market. Another problem is the lack of skilled labor to run the machine.

The devices need to be maintained regularly in order to work effectively and endure longer. The market for cow milking machine could suffer severe losses as a result of improper handling.

The fourth industrial revolution has an impact on most industrial sectors, including the dairy business. It has raised the worldwide demand for cow milking machine in the rapidly expanding organic dairy sectors.

Thanks to technology improvements, milking machine industry leaders are developing more user-friendly controls and practical features in an effort to satisfy end-user needs for business productivity.

Key Takeaways

In 2022, the US rules the cow milking machine market, with a share of 26.9%.
The market for cow milking machine increased at a 7.5% CAGR between 2016 and 2022, citing FMI’s study.
The expansion in China is anticipated to expand at an adequate CAGR of 6.7% by 2033. China’s market generates a share of US$ 67.69 million in 2022.
Japan’s market share for cow milking machine is 4.8% in 2022 due to advanced automated technology.
Between 2023 and 2033, the cow milking machine market is likely to increase in India at 9.9% CAGR, respectively.
Based on product type, fully automatic segments dominate the industry, with a CAGR of 8.3% by 2033.

Competitive Advantages to Startups and Key players

There is a thriving startup scene in the cow milking machine industry. There are many new companies and products being created. Right now, it makes sense to be involved in this industry. New products and services provide many opportunities, but start-ups and major organizations need large investments to capitalize on these opportunities.

Recent Developments

With the release of the GEA DairyRobot R9500 Milking Robot in January 2019, GEA raised the bar for intelligent milking technology on farms.
In April 2018, LELY unveiled the Astronaut A5 robot milking system. The Lely Astronaut A5 is made with the utmost levels of dependability, longevity, and usage in mind.
- As a result, milking becomes a stress-free and beneficial activity for both farmers and their cows.
- The Lely Astronaut A5 includes a revolutionary hybrid arm that offers concordant milking and is peaceful, quick, and energy-efficient, significantly enhancing cow comfort.

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Key segments

By Product Type:

Fully Automatic
Semi Automatic
Manual

By Model Type:

Pipeline
Mobile
Stationary

By Bucket Type:

Single
Double

By Region :

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

About Future Market Insights (FMI)

Pet-Calming Products Market is Expected to Reach a Valuation of USD 28.83 Billion by 2033

According to the research report published by Future Market Insights, the global pet-calming products market size is projected to gain remarkable growth from 2023 to 2033. The market is projected to surpass a valuation of USD 16.41 billion in 2023 and is likely to hit a valuation of USD 28.83 billion by 2033. Exhibiting a modest CAGR of 5.8% from 2023 to 2033.

The rise in urbanization is prompting individuals to reside in smaller homes, leading to an uptick in the adoption of smaller pets like fish, hamsters, dogs, and cats. Moreover, the growing prevalence of work-from-home arrangements has allowed pet owners to dedicate more time to their furry companions.

Pet calming products such as pheromone sprays, treats, supplements, and others are becoming more widely available. The rising social media platforms and online communities focused on pet care contribute to the market’s development.

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The ever-increasing global population and urbanization are forcing people to reside in smaller settings. This is increasing the awareness of pets’ behaviour among their owners, which is creating a demand for pet calming products. Millennials and Gen Z populations are contributing incredibly to the rising pet ownership, which in return is increasing the growth prospects for the pet-calming products market.

The market’s expansion is projected to be supported by the rising demand for products containing CBD (Cannabidiol). Pet CBD products have grown in popularity over the past few years. Animals and humans have both been shown to experience calming benefits from CBD. They are available in several different forms, including snacks, chews, and oils. The demand for CBD-based products is projected to increase as a result of the growing research on the benefits of CBD-based goods.

Fueling this growth are several key factors:

Rising stress levels in pets: Factors like loud noises, travel, separation anxiety, and fireworks can cause anxiety in pets, driving demand for calming solutions.
Growing pet ownership: As more people welcome pets into their homes, the need for their well-being becomes a priority.
Humanization of pets: Pet owners are increasingly treating their animals like family, seeking products that improve their quality of life.
Increasing awareness of pet anxiety: Greater understanding of pet mental health encourages owners to explore calming solutions.
E-commerce boom: The convenience and wider product availability online fuel market growth.

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Key Players in the Market

Nestle Purina Petcare
Virbac
NOW Foods
Zoetis Inc.
PetHonesty
Zesty Paws
THUNDERWORKS
PetlQ LLC
Ceva Animal Health (Adaptil)
Garmon Corp. (NaturVet)

Market Segmentation

by Pet Type:

Dogs
Cats
Others

by Product:

Food & Supplements
Snacks & Treats
Gel & Ointment
Spray & Mist
Others

by Distribution Channel:

Online
Offline

by Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Recent Developments Observed by FMI:

In March 2023, Virbac announced an expansion of its production facility to cater to the increasing pet population. The firm plans to invest nearly US$ 42 million in opening a new factory in Saint-Gilles, Belgium.
In February 2023, Comfort Zone began selling its products in the United Kingdom. It has become the first business to provide a calming solution in the United Kingdom with the introduction of a drug-free Pheromone Collar.
In March 2022, Ceva Animal Health (Adaptil) introduced Adaptil Chew, extending its veterinary behavior spectrum. The brand-new product is a chew that calms dogs down quickly.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Reduced Fat Dairy Market Expected to Reach USD 119.91 Billion by 2033, Growing at 4.7% CAGR Driven by Health Consciousness and Taste Preferences

As per the reports published by FMI, the global reduced fat dairy market is projected to have an average-paced CAGR of 4.7% during the forecast period. The current valuation of the market is US$ 75.75 Bn in 2023. The market value of the reduced fat dairy market is anticipated to surpass a market valuation of US$ 119.91 Bn by the year 2033. A historical market valuation of US$ 72.35 Bn has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

FMI has analyzed that people across the globe are becoming conscious about their health and are making efforts to avoid diseases related to the heart and other organs. The rising trend of gaining physical fitness is increasing the prominence and consumption of reduced-fat dairy products.

In addition to these aspects, consumers in developing economies are more likely to prefer the enhanced and rich taste of reduced fat dairy products, thereby making a significant contribution to the growth of the market through 2033.

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Restraining Factors of the Market

It is identified that the manufacturing processes are complex for reduced fat dairy products and can limit the growth of the industry in the forthcoming years. Furthermore, it is witnessed that a significant section of the global population suffers from allergies to dairy products and lactose intolerance. These elements are also recognized to curb the growth of the market through the projection period.

Key Takeaways from the Reduced Fat Dairy Market

The reduced fat dairy market has registered and approximate rise of US$ 3.4 Bn from the base year to the current.
The cereals segment is estimated to record a CAGR of 4.6% through the forecast period. At present, the market is accountable for a value of US$ 10.30 Bn in 2023.
The hypermarket and supermarket segment is estimated to have dominance through the period 2023-2033, with a CAGR of 6.2%.
As per the analysis of FMI, the U.S. is likely to dominate the reduced fat dairy market through 2033, advancing at a CAGR of 9%.

“Increased consumer spending on health-benefit products and demand for attaining physical fitness is likely to unravel lucrative growth prospects for manufacturers in the reduced fat dairy industry.” – Says an FMI Analyst.

Competitive Landscape in the Reduced Fat Dairy Market

The manufacturers in the reduced fat dairy market are indulging in activities that would fuel the rapid advancement of the aircraft sensor industry through the forecast period. They are collaborating and entering into strategic partnerships with other prominent players proliferating in the market. Additionally, they are making significant investments in research and development activities to further launch new product lines and make innovations to the taste of the products. They are entering into mergers and acquisitions to further strengthen their foothold in the market.

Danone (France), Fonterra Co-operative Group Limited (New Zealand), MEGMILK SNOW BRAND Co.,Ltd. (Japan), Arla Foods amba (Denmark), Nestlé (Switzerland), and Organic Valley (U.S.) are some of the key players in the market.

Recent Developments

In January 2020, the Coca-Cola Company announced the complete acquisition of the U.S.-based dairy beverage brand Fairlife. This acquisition was estimated to help Coca-Cola Company to increase its footprint in the reduced fat dairy beverages market.
In January 2020, Stonyfield Organic made attempts to expand its product portfolio by launching new low-fat dairy probiotics, a reduced fat dairy product that is designed for supporting immune health. This product includes organic low-fat milk and real fruits.
In March 2018, Morninga Natural Foods Inc expanded its product portfolio by launching the reduced-fat Japanese-style yogurt drink. This product was made available in three flavors – strawberry banana, coconut, and original aloe vera.

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Key Segments in the Reduced Fat Dairy Market

By Product:

Reduced fat dairy products
- Ice cream
- Yogurt
- Skim milk
- others
Reduced fat cereals products
Reduced fat drinks
Reduced fat snacks products
Others

By Distribution Channel:

Hypermarket/supermarket
Convenience store
Specialty store
Online retail
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

About Future Market Insights (FMI)

Ascorbic Acid Market to Grow at 6.2% CAGR, Projected to Reach USD 321.5 Million by 2032 Driven by Increasing Health Benefits Awareness

As per a new research report by FMI, sales of ascorbic acid market are estimated to reach US$ 321.5 Mn by 2032, surging at 6.2% CAGR throughout the forecast period. The market is anticipated to stand at US$ 176.8 Mn by the end of 2022.

Rising popularity of ascorbic acid due to its various health benefits is anticipated to push sales in the global market. Ascorbic acid, also known as vitamin C, is a water-soluble nutrient that is mainly found in fruits and vegetables. It is considered to be essential for growth and development. It also helps to maintain healthy teeth, bones, cartilage, muscles, and blood vessels. At the same time, it helps to protect an individual against infection by boosting the immune system.

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Ascorbic acid has been used for centuries for its medicinal properties. However, recently, there has been an increased interest in using it as a dietary supplement. Many forms of the product are available on the market such as powders, tablets, capsules, and liquids. Ascorbic acid is often added to multivitamins or taken alone for additional health benefits such as reducing inflammation or supporting cardiovascular health.

The market for products containing ascorbic acid has grown rapidly in recent years due to its numerous benefits. There are a wide variety of new trends emerging in the ascorbic acid market that are revolutionizing the industry. One of the most important drivers of the global ascorbic acid market is its increasing use in food production. Companies are using it to reduce spoilage and improve shelf life of products such as beverages, processed foods, baked goods, and dairy items.

Key Takeaways from the Ascorbic Acid Market Study

During the historical period (2017 to 2021), the global ascorbic acid market exhibited a CAGR of 5.8%.
The U.S. ascorbic acid market is likely to generate a share of nearly 90.2% in North America during the evaluation period.
The U.K. ascorbic acid market is projected to exhibit steady growth at a CAGR of 5.9% during the assessment period.
Sales of ascorbic acid in India are expected to witness growth at 7.1% CAGR from 2022 and 2032.
Demand for ascorbic acid in China is estimated to rise rapidly and the market is projected to showcase a CAGR of 6.2% in the next ten years.

“Increasing awareness about the benefits of consuming vitamin C on a daily basis is anticipated to drive sales of ascorbic acid in the next ten years. Besides, ability of ascorbic acid to promote wound healing, lower fatigue, and enhance one’s immune system functioning is anticipated to drive sales,” says a lead analyst at Future Market Insights.

Competitive Landscape: Ascorbic Acid Market

The market for ascorbic acid is very competitive in nature worldwide. Some of the key factors driving market expansion include introduction of new product varieties, acquisition of small-scale market participants, and growing awareness about the benefits of ascorbic acid through various promotional activities & programs.

Some of the leading companies offering ascorbic acid are Northeast Pharmaceutical Group Co., Ltd, Shandong Luwei Pharmaceutical, Foodchem International Corporation, BASF SE, and Aland Nutraceuticals Group.

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Ascorbic Acid Market Outlook by Category-

By Form:

Powder
Liquid

By Application:

Food and Beverage
Pharmaceuticals
Nutraceuticals
Cosmetics and Personal Care
Pet Food
Animal Feed

By Region:

North America
Latin America
Europe
South Asia
East Asia
MEA

About Future Market Insights (FMI)

Global UV Coatings Market Projected to Reach USD 6.78 Billion by 2033, Rising at a CAGR of 5.2%

The global UV coatings market is anticipated to attain a valuation of USD 4,065.94 million in 2023 and is estimated to reach USD 6,780 million by 2033, expected to rise at a CAGR of 5.2% during the forecast period. The demand for UV coatings is expected to rise due to increasing environmental awareness and the growing electronics industry. The rise in coatings demand from industrial applications will most likely have a positive impact on the market.

The market growth is expected to be supported by low operational costs, minimal to zero volatile organic compound emissions, and superior characteristics such as higher gloss finish and improved resistance. The growth of graphic arts and numerous industrial applications such as wood, plastic, conformal, display, and paper coatings is anticipated to contribute to market expansion.

The sales of UV coatings are expected to increase due to rising research activities focused on generating new and enhanced functionalities, particularly through the application of nanotechnology. Self-healing coatings, which incorporate filled nanocapsules, are being developed to repair physical damage by releasing polymerizable substances. Additionally, there is a growing demand for biocidal coatings, leading to ongoing research to enhance their resistance against a wide range of microbes. These factors have the potential to significantly boost market growth.

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UV coatings technology offers two key advantages that have earned it the “green” label in the clothing manufacturing industry. Firstly, UV coating formulations typically have low levels of hazardous air pollutants (HAPs) and volatile organic compounds (VOCs). Secondly, UV coatings require less energy for drying compared to solvent-based or water-based coatings, resulting in reduced greenhouse gas emissions. As companies strive to reduce their environmental footprint and comply with regulations, UV coatings serve as a valuable tool to cut air pollution and greenhouse gas emissions. These factors are expected to drive market growth throughout the forecast period.

Key Takeaways

The market in China is projected to grow with a CAGR of 5.4% during the forecast period.
The demand for UV coatings in Japan is expected to grow with a significant CAGR of 5.5% during the forecast period.
United States is expected to account for 90.4% of the North American market share by 2033.
By composition, monomers segment is expected to grow with a CAGR of 4.8% during the forecast period.

“Increasing demand for UV coatings from industrial applications is expected to drive market growth during the forecast period,” comments an FMI analyst.

Competitive Landscape

The market for UV Coatings is highly competitive, with various prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players are Arkema Group, BASF SE, Akzo Nobel NV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin-Williams Company, Croda International PLC, Dymax Corporation, Allnex Belgium SA/NV Ltd., Watson Coatings Inc.

Some recent developments in the UV Coatings market are:

In April 2021, Dymax Oligomers and Coatings collaborated with Mechnano to create UV-curable dispersions and masterbatches of Mechnano’s functionalized carbon nanotube (CNT) for UV applications.
Sherwin-Williams Company acquired Sika AG’s European industrial coatings division in August 2021. The deal was set to be completed in Q1 2022, with the acquired business joining Sherwin-Williams’ performance coatings group operating segment.
PPG Industries Inc. acquired Tikkurila, a prominent Nordic paint and coatings company, in June 2021. Tikkurila specializes in environmentally friendly decorative products and high-quality industrial coatings.

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Key Segments Profiled in the UV Coatings Market

By Composition:

Monomer
Oligomer
- Polyester
- Polyether
- Polyurethane
- Epoxy
Photo Initiator
Additives

By Type:

Water-Based
Solvent-Based

By End Use:

Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Building & Construction

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Demand in Automotive and Aviation Sectors Fuels Friction Modifier Additives Market Growth: Reaching USD 2.46 Billion by 2033

The global friction modifier additives market was valued at USD 1,617.8 million in 2023 and is anticipated to experience significant growth over the next decade. With the increasing demand for enhanced performance in automotive lubricants, aviation lubricants, rail lubricants, and other applications, the market is projected to expand at a compound annual growth rate (CAGR) of 4.3%. By 2033, the market is expected to reach a valuation of USD 2,464.7 million, driven by the growing need for improved friction management and efficiency in various sectors.

The demand for friction modifier additives is expected to grow, offering profitable prospects for businesses in the manufacturing industries. Moreover, these additives have drawn a lot of interest in recent years because of their capacity to increase the effectiveness and performance of lubricants. So, as it lengthens the total operating lifespan of machinery and equipment, the automobile sector is the leading consumer of friction modifier chemicals nowadays.

With an increase in commercial and freight flights, the aerospace sector is expanding significantly, and the use of friction modifier chemicals is anticipated to increase dramatically. Likewise, the rail transportation sector is another significant contributor to the demand for friction modifier additives as it enhances operational efficiency and minimizes maintenance costs.

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Concerns about the environmental effect of the rising usage of friction modifier additives may arise, particularly in light of possible pollution and disposal challenges. The price and availability of the raw materials might vary, which can also affect production costs and, in turn, product pricing.

Key Takeaways from the Global Friction Modifier Additives Market Study Report by FMI

The sales of friction modifier additives in the United States were higher in comparison to other countries, and in 2022, it captured 15% of the global market share.
Germany is the leading producer and supplier of friction modifier additives in Europe, with a 6.7% global market share in 2022.
As a result of their broad use across several sectors, friction modifier additives are enjoying substantial expansion in the Asia Pacific countries. China and India, for instance, are projected to witness CAGRs of 4.8% and 5.1% respectively over the forecast years.

Competitive Landscape for the Friction Modifier Additives Market Players

Adeka, BRB International, Croda, Chevron, Lubrizol, BASF, Afton Chemicals, CSW Industrial, Wynn’s, Dorf Ketal, DOG Chemie, ABITEC, Lanxess are some top market players. Continuous research and development efforts by these leading market players have introduced innovative friction modifier additives with enhanced properties.

The need for sophisticated lubricants with friction modifier additives has increased as a result of the expanding global automobile industry and strict environmental requirements. To fulfill the changing needs of end consumers and gain a competitive edge, new players may take advantage of the innovations made by existing manufacturers. Moreover, they should focus on burgeoning industrialization and expanding automotive and aviation industries in emerging regions to broaden their clientele.

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Friction Modifier Additives Market Segmentation

By Product Type:

Organic
Polymer
Fatty Acids
Esters & Amides
Inorganic
MoDTC
MoS2
Graphite
Other Product Types

By Application:

Automobile Lubricants
Industrial Lubricants
Rail Lubricants
Aviation Lubricants
Power Generation Lubricants
Others

By Region:

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

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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Genistein Market to Surge with 10.9% CAGR: Forecasted to Reach USD 66 Million by 2032, Driven by Rising Demand in Health and Wellness Sectors

The global genistein market, estimated at USD 23.5 million in 2022, is forecasted to accelerate with a CAGR of 10.9% to reach US$ 66.0 million by 2032. Genistein, a natural isoflavone primarily found in soybeans, offers numerous health benefits, including anticancer activity, antioxidant properties, and hormonal support.

Genistein is referred to as a natural isoflavone that is mainly found in soybeans, as well as soybean-enriched products. Numerous research studies have found that genistein has a wide range of beneficial properties such as anticancer activity, antioxidant, anthelmintic, and antiangiogenic.

Driven by increasing consumer awareness regarding preventive healthcare and rising demand for functional foods and dietary supplements, the demand for genistein is expected to surge across various industries, including pharmaceuticals, nutraceuticals, skincare, and food and beverages.

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Demand for Genistein Powder to Grow Exponentially among Food and Beverage Manufacturers

Genistein-based food and beverages have exceptional characteristics and health benefits. Intake of genistein products has been attributed to lower incidence of breast and prostate cancer in human beings. Demand for high-beneficial meals infused with flavonoids is a result of increased consumer awareness. Furthermore, due to the high risk of cancer in humans, demand for food and beverages infused with genistein is anticipated to surge in the next ten years.

Growing Factors:

Health Benefits: Genistein’s multifaceted functionality, including its potential in reducing the risk of chronic diseases such as cancer and cardiovascular disease, is driving its demand in the global market. Additionally, its properties like collagen synthesis and antioxidants are fueling growth in the skincare and personal care sectors.
Product Innovations: Companies are introducing innovative products incorporating genistein to address various health concerns, such as menopausal symptoms and skin aging. These product launches are expected to attract a large consumer base and drive market growth.
Increasing Consumer Focus on Health: Rising consumer focus on maintaining a healthy lifestyle, particularly in regions like North America and Europe, is driving the demand for genistein-based products. The growing prevalence of health issues like obesity and cancer is further boosting the adoption of genistein supplements and medications.

Increasing Consumption of Dietary Supplements to Bolster Demand for Phytoestrogen Genistein

Owing to its multifaceted functionality, genistein is considered to be a potential ingredient for use in a wide variety of industrial applications. Ongoing expansion of the pharmaceutical, nutraceutical, and dietary supplement industries on the back of rising consumer awareness regarding preventive healthcare and surging per capita healthcare expenditure is projected to aid sales of the flavonoid.

Rising Launch of Nutraceutical Products in China to Fuel the Demand for Genistein Tablets

In the assessment period, Asia Pacific is expected to develop at a fast pace. The region’s rapid growth can be ascribed to increasing demand for healthy food items and changing lifestyles of consumers across China. Expansion of the nutraceutical industry in China backed by increasing consumer awareness regarding healthcare, weight loss, and calorie reduction is anticipated to drive the genistein market. A rapid shift of Chinese consumers towards preventive healthcare that includes consuming functional foods and dietary supplements on a daily basis to strengthen the immune system against various diseases would also spur sales.

Key Takeaway for Investors:

Lucrative Investment Opportunities: With a projected CAGR of 10.9% and a market valuation of US$ 66.0 million by 2032, the genistein market presents lucrative investment opportunities for investors in the B2B industry. Investing in companies involved in genistein production and application across pharmaceuticals, skincare, and nutraceuticals sectors can yield significant returns.
Market Trends: The market is witnessing trends such as increasing consumption of dietary supplements and rising demand for functional foods with health benefits. Investors should focus on companies that are capitalizing on these trends through product innovation and expansion of their product portfolios.
Regional Growth Opportunities: North America, particularly the United States, is expected to generate a significant share of the genistein market, driven by increasing demand for weight management solutions and preventive healthcare. Investors should also explore opportunities in regions like Asia Pacific, particularly China, due to the rapid growth of the nutraceutical industry and changing consumer lifestyles.
Competitive Landscape: The genistein market is highly competitive, with key players investing in research and development to expand their product portfolios. Investors should monitor companies’ strategies, such as mergers and acquisitions, to capitalize on growth opportunities in the market.

Competitive Landscape

With a large number of manufacturers operating globally, the market for genistein is highly competitive. Key companies are investing huge sums in research and development, which is expected to boost overall growth over the forecast period. Furthermore, the rising focus of companies on expanding their product portfolios, as well as engaging in mergers and acquisitions are anticipated to provide significant growth opportunities to accelerate in the market throughout the evaluation period.

For instance,

In May 2022, Hologram Sciences, a fitness and wellness company headquartered in Boston, introduced a new women’s health brand concept called Phenology. It was mainly designed to holistically offer support for women throughout menopause. The company’s patent-pending combinations consist of DSM’s GeniVida genistein for the treatment of hot flashes.

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Genistein Market Outlook by Category

By Form:

Powder
Liquid

By Application:

Food and Beverage
Pharmaceuticals
Nutraceuticals
Cosmetics & Personal Care
Pet Food
Animal Feed

By Region:

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

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Chilled Processed Food Market to Grow at 3.5% CAGR, Reaching USD 1,133 Billion by 2033

The global chilled processed food market net worth is estimated to be around US$ 803 Bn in 2023. The overall market is anticipated to register a CAGR of 3.5% from 2023 to 2033, as per the market analysis report for this period. This report on the chilled processed food market predicts the overall valuation of the market up to US$ 1,133 Bn by the year 2033.

Chilled processed food simplifies preparation and allows for high-speed cooking, which is a key cause for promoting the expansion of this product in the present market. Furthermore, rising disposable incomes of consumers have resulted in increased demand for all types of chilled processed ham and fresh, chilled chicken, contributing considerably to the market’s rapid rise.

Also, chilled processed meals satisfy customers by preserving the required food quality and standards. These are some noteworthy element that is projected to provide new market potential for the global chilled processed food industry.

Increased government support and initiatives for food processing industries in agricultural countries are likely to augment the growth. Moreover, increased foreign direct investment in India is expected to encourage its chilled processed food industry in the coming days.

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Key Takeaways from the Chilled Processed Food Market Study

Until the year 2022, the United States held the highest share of up to one-third of the overall global sales. Soaring need for handy sources of food items that can be consumed while traveling has aided the country’s prominence over these years.
China is the leading market for the production and sales of chilled food products in the Asia Pacific region
Chilled processed meat and its derivatives constitute the largest segment of the market based on food type.
Contrarily, chilled-prepared meals are the fastest-growing segment in current years.
Supermarkets or hypermarkets are the most preferred distribution channel for the sales of chilled processed food items.
In the last few years, the online distribution channel segment is emerging as the fastest-growing mode. The growth rate pegged for this market segment by the report is at about 5.5% for the forecast years.

Competitive Landscape for the Chilled Processed Food Market

ALDI Einkauf GmbH & Co. OHG, Grupo Bimbo, S.A.B. de C.V., Hormel Food Corporation, Mondelez International, New Covent Garden Soup Company Limited, General Mills, Inc., PepsiCo, The Kraft Heinz Company, Nestlé SA, The Kellogg Company, Unilever, Calbee, Intersnack Group GmbH & Co. KG, Conagra Brands, Inc., and ITC Limited are some of the major players in the global chilled processed food market.

The global, as well as regional chilled processed food markets, are extremely diversified and competitive. Presently, most participants are competing in terms of quality, cost, delivery, and new flavours.

For example, Land O’Frost announced a brand re-design and three new flavours for its Bistro Favourites meat brand in April 2021. It is one of the best-selling brands of pre-sliced non-processed deli meats in the United States and a manufacturer of specialty processed meats. The company decided to take this step following a 40% increase in consumer sales over the year 2020

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Other Recent Developments in the Chilled Processed Food Industry

Sweet Earth Foods, which is a plant-based and organic developer, officially confirmed the debut of its two brand-new food items in July 2021. One is boil-and-eat breakfast or brunch bowls and the other is fully prepared deli slices.
After a year of research and development, a new plant-based meat company started its introduction in the United States market in April 2021. Plant-based cold cuts, sausages, and pâtés made with banana, and golden linseed are among the items available from the brand.

Key Segments

By Food Type:

Ready Meal
Processed Meat
Processed Fish or Sea food
Processed Vegetables & Potatoes
Bakery Products
Pizza, Soup, & Noodles
Others

By Distribution Channel:

Supermarkets or Hypermarkets
Convenience Stores
Online Retailing
Others

By Region:

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

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Natural Rosemarine Extract Market to Achieve 8.1% CAGR, Projected to Reach USD 341.4 Million by 2032, Fueled by Rising Demand in Food, Pharmaceutical, and Cosmetic Industries

According to Future Market Insights, the global sales of natural rosemarine extract are estimated to grow at 8.1% CAGR between 2022 and 2032, reaching a valuation of US$ 341.4 Mn by 2032. Currently, the worldwide natural rosemarine extract market is valued at US$ 156.0 Mn.

The natural rosemarine extract market has experienced a dramatic surge in recent years, with increasing demand from industries like food & beverage, pharmaceutical, cosmetic, and animal feed across the globe. This is due to a variety of factors, including growing consumer demand for natural and organic products and the rising popularity of this ingredient among health-conscious consumers.

Additionally, the increasing number of companies offering high-quality natural rosemarine extract is emerging as a crucial factor driving the market expansion. Natural rosemarine extract is derived from the flowers and leaves of the rosemary plant, which has been used in medicinal treatments for centuries. It is being utilized for making a wide range of products worldwide.

Recent trends in the natural rosemarine extract market have had a significant impact on product development, pricing, and sales. Consumers are increasingly looking for natural alternatives to traditional ingredients which have seen a huge shift in the way products are developed. Natural rosemarine extract is being used as an alternative to synthetic ingredients and preservatives, providing further evidence of its increasing popularity.

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Key Takeaways from Market Study

By form, the powder segment is likely to continue to dominate the global natural rosemarine extract market during the forecast period.
Based on application, the food & beverage segment holds a substantial share of the global market, and the trend is expected to continue during the forecast period.
The U.S. holds approximately 89.7% share of North America natural rosemarine extract market.
Europe is expected to account for 29.3% share of the worldwide natural rosemarine extract market during the forecast period.
Germany holds around 21.5% share of the Europe natural rosemarine extract market.
South Asia is expected to hold over 12.0% share of the global natural rosemarine extract market.

“The market for natural rosemarine extract has been steadily increasing in recent years due to widening application of this natural ingredient in health and beauty products to help promote healthy skin, hair, nails, and more”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Some of the leading companies offering Natural Rosemarine Extract include Monteloeder, Kemin Industries, Frutarom Industries Ltd., Geneham Pharmaceutical Co., Ltd., Foodchem International Corporation, KINGHERBS, and Flavex Naturextrakte GmbH.

These players are using a wide array of strategies such as new product launches, investments in research and development, partnerships, acquisitions, mergers, and collaborations to gain a competitive edge in the market.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Natural Rosemarine Extract presenting historical demand data (2017–2021) and forecast statistics for the period from 2022–2032.

The study offers compelling insights on the natural rosemarine extract market based on form (powder, and liquid), and application (food & beverage, pharmaceuticals, nutraceuticals, cosmetics & personal care, pet food, and animal food), across several regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations — the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Natural Rosemarine Extract Industry by Category

By Form:

Powder
Liquid

By Application:

Food & Beverage
Pharmaceuticals
Nutraceuticals
Cosmetics & Personal Care
Pet Food
Animal Food

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