Market Research Blog – Page 1735 – New Product Development

Automotive Exterior Trim Parts Market Projected to Reach USD 62.9 Billion by 2033, with a CAGR of 4.0% | FMI Reports

In 2022, the global automotive exterior trim parts market was valued at USD 21.03 billion and is projected to reach USD 42.5 billion in 2023. Future Market Insights estimates that the market will grow at a CAGR of 4.0% from 2023 to 2033, reaching approximately USD 62.9 billion by 2033.

The growing trend of vehicle customization and personalization is driving increased demand for high-quality and visually appealing automotive trim parts. Consumers are continually seeking ways to make their vehicles stand out, and customized trim parts offer a cost-effective solution to achieve this.

Additionally, the integration of advanced features in automotive trim parts enhances comfort while reducing the vehicle’s overall weight through the use of fiberglass components. These innovations are expected to attract automobile manufacturers, further boosting demand and sales in the automotive exterior trim parts market.

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Key Takeaways from the Market Study

Sales of automotive exterior trim parts are said to account for a 27% share of global automotive exterior trim parts market revenue.
Anticipated value of the global automotive exterior trim parts market expanded at a CAGR of 3.2% between 2018 and 2022.
Automotive exterior trim parts industry in North America holds a market share of 48.6%.
Global industrial landscape for Europe occupies a significant share of 25.2%.
Asia Pacific is expected to have a dominant market share of 34% during the forecast period.
Based on product type, demand for bumper products is estimated to be with a market share of 62.7%.
Based on the vehicle type segment, commercial vehicles are set to retain their dominating positions in the automotive exterior trim parts market with a market share of 44.8%.

“Increasing disposable income to significantly influence market potential is considered one of the key drivers of the automotive exterior trim parts market” – comments Future Market Insights analyst.

Competition Landscape

The automotive exterior trim parts industry consists of consequential market players. Further, research and development for the introduction of environment-friendly product lines form the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.

Some of the prominent players profiled in the global market are-

AISIN Group
CIE Automotive
DURA Automotive Systems
Ficosa Internacional SA
GEDIA Automotive Group
GRONBACH
Hayashi Telempu Corporation
IDEAL Automotive
KASAI KOGYO Co. Ltd.
KKIRCHHOFF Automotive
Knauf Industries
NOVARES
NVH Korea
Samvardhana Motherson Group
TOYOTA BOSHOKU Corporation
Plastic Omnium

Key Developments of the Leading Players in the Automotive Exterior Trim Parts Market

In April 2023, Dura Automotive Systems, one of the dominant manufacturing employers in Tennessee’s Bledsoe County, announced that it is going to soon shut down its plant there in the month of June and will lay off the 80 workers left from a workforce that was 500 strong four years ago.
In April 2023, Ficosa, considered to be a leading global company, is mainly committed to research, development, production, etc., thus, plans to sell more than 7 million cameras over the course of 2023. Ficosa’s vision portfolio includes in-vehicle and out-of-vehicle cameras to drive solutions for improved safety and comfort in mobility.

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Key Segments of Automotive Exterior Trim Parts Industry Survey

By Product:

Front Bumpers
Rear Bumpers
Outside Rear View Mirrors (ORVM)
Rocker Panels (Under Panels)
Radiator Grills
Wheel Arch Claddings (Fender Liners)
Outside Door Handles
Exterior Car Door Trims
Mud Guards
Exterior Trim Parts

By Vehicle Type:

Passenger Cars
Compact
Mid-size
Luxury
Sedan
SUV
Commercial Vehicles
Heavy Trucks & Buses

By Sales Channel:

First Fit
Replacement

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 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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Automotive Coolant Aftermarket Forecasted to Exceed USD 1,324.55 Million by 2033, with a CAGR of 4% | FMI Reports

According to the latest market research by FMI, the global automotive coolant aftermarket is projected to grow at a CAGR of 4% from 2023 to 2033. The market size is expected to reach approximately USD 894.82 million in 2023 and is anticipated to grow to USD 1,324.55 million by 2033.

The increasing use of automotive coolants is driven by the effective combination of ethylene glycol, propylene glycol, and ethylene, which enhances engine cooling systems’ performance. The market is also benefiting from the ability of automotive coolants to remove pollutants from engine cooling systems. Growth factors include the expanding automobile industry, rising investments, and increasing disposable incomes, all of which support the automotive coolants aftermarket.

Manufacturers are continually introducing innovative brands and products to offer tailored coolant and lubricant solutions to customers. Many global OEMs are investing in the market through joint ventures with established companies or by setting up new production units and improving sales and dealership networks in various countries.

For instance, ExxonMobil announced in December 2021 its plans to increase spending on greenhouse gas reduction programs by USD 15 billion over the next six years, while maintaining controlled capital investments in its leading industry portfolio. Additionally, Chevron Corporation completed its acquisition of Noble Midstream Partners LP in May 2021, making Noble Midstream an indirect, wholly-owned subsidiary of Chevron.

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The passenger vehicle market’s robust demand for e-class vehicles, crossovers, SUVs, and hatchbacks is also positively impacting the automotive coolant aftermarket. The growing preference for private transportation and increasing purchasing power among consumers are driving the market for passenger vehicles and, consequently, the demand for automotive coolants.

Key Takeaways:

The automotive coolant aftermarket is anticipated to reach a valuation of US$ 894.82 million in 2023.
The expanding domestic coolant production can certainly assist coolant manufacturers in meeting the rising coolant demand worldwide. Over the following few years, this is anticipated to fuel the automotive coolant aftermarket.
The automotive coolant aftermarket is predicted to record a CAGR of 4% through 2033.
The automotive coolant aftermarket is expected to surpass US$ 55 million by 2033.

Significant Challenges:

As part of their maintenance plans for vehicles, original equipment manufacturers (OEMs) are increasingly providing coolant products and services. This might lower aftermarket demand for third-party coolant products and services.
Financial distress and economic downturns can have an effect on vehicle maintenance and sales, which may therefore have an effect on the demand for coolant products and services.

Competitive Background:

The manufacturers are investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the automotive coolant aftermarket As a result, market participants are likely to have a better overall revenue share in the global automotive coolant aftermarket.

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Automotive Coolant Aftermarket – Key Segments

Product Type:

Organic
Inorganic
Hybrid

Vehicle Type:

On-Road Vehicles
- Passenger Cars
- Commercial Vehicles
- Motorcycles & Scooters
Off Road Vehicles
- Tractors
- Construction Based Vehicles (Loaders, Excavators, Bulldozers, Road Rollers, Mobile Cranes)
- Industrial Vehicles (Towing Tractors, Fork Lift Trucks, UTV Carriers)

Sales Channel:

Vehicle Service Stations
Independent Garages
Authorized Dealers/ Franchise
Multi-brand Dealers
Online Sales

Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
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.

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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ADAS Sensors Market Forecasted to Reach USD 70.33 Billion by 2033 with 8.7% CAGR Expansion | FMI Reports

The ADAS sensors market is poised for significant growth, with an anticipated CAGR of 8.7% over the next decade. By 2033, the market is projected to reach an impressive USD 70.33 billion. This expansion is fueled by the increasing adoption of advanced driver-assistance systems (ADAS) in modern vehicles, driven by a strong focus on safety and automation from both consumers and manufacturers.

As technology advances, ADAS sensors are becoming increasingly sophisticated, enhancing performance and reliability. This evolution highlights the critical role of innovation in the automotive industry, ensuring that ADAS sensors remain essential in the progression toward fully autonomous driving.

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Furthermore, advancements in sensor technologies—such as radar, LiDAR, cameras, ultrasonic sensors, and infrared sensors—are propelling innovation in the ADAS market. These technologies provide enhanced accuracy, reliability, and performance. With the growing emphasis on safety and convenience features in vehicles, the demand for ADAS sensors is expected to rise, creating opportunities for sensor manufacturers and technology providers to develop cutting-edge solutions that improve vehicle safety and the overall driving experience.

Key Takeaways from the ADAS Sensors Market Report:

The global advanced driver assistance systems ADAS sensors market expanded at a CAGR of 7.4% between 2018 and 2022.
The global ADAS sensors market is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching USD 43.2 billion in 2030.
Future Market Insights (FMI) says that the sales in the ADAS sensors market accounted for 6-7% of the global sensors market in 2020.
North America’s ADAS sensors market is expected to hold 15.6% of the total market share whereas the United States holds a value share of 14.8%.
The United Kingdom is projected to emerge as a significant pocket over the assessment period with a market share of 14.2% whereas Germany’s market is said to expand at a CAGR of 8.9% due to the high adoption of ADAS systems in economic and luxury vehicles.
Europe’s ADAS sensors market held a dominant share of 24.3% in the global ADAS sensors market in 2022.
The rising preference for cruise control in modern vehicles might spur demand for ADAS sensors that drive sales in this segment holding a market share of 52.4%.
The demand for ADAS sensors in the passenger vehicles segment is expected to continue rising over the forecast period as per FMI holding a market share of 49.9%.
A wide availability of ADAS radar sensors offered by OEMs might boost sales with a value share of 40.2%.

“The presence of a variety of electronic monitoring and controlling devices is one of the key developments of the ADAS market” – comments a Future Market Insights Analyst.

Important Developments of the Key Players in the Market

In 2021, ZF launched a next-generation mid-range radar to improve ADAS functions in ZF coASSIST semi-automated system on the Dongfeng Aeolus Yixuan MAX in China. The new range is high-performance 77GHz front radar which is designed to meet 2022 Euro NCAP 5-Star Safety Ratings and enable semi-autonomous driving functionalities.
In January 2023, German automotive supplier Bosch is investing around one billion dollars in a new research, development, and assembly center in Suzhou, China.
In May 2023, Robert Bosch GmbH, the German industrial and technology group, will further strengthen its layout and development of new energy vehicle-related products in China.

Leading Key Players:

Continental AG
Robert Bosch GmbH
Denso Corporation
Delphi Technologies PLC
Hella GmbH & Co. KGaA
TE Connectivity
CTS Corporation
NXP Semiconductors N.V.
Microchip Technology Inc.
Infineon Technologies AG

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ADAS Sensors Market Segmentation:

By Product Type:

Blind Spot Detection
Night Vision Sensors
Light Sensors
Parking Sensors
Cruise Control

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

Original Equipment Manufacturers (OEM)
Original Equipment Spares (OES)
Independent Aftermarket (IAM)

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
The Middle East & Africa

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Predicting Expansion: Global Palm Mid-Fraction Market to Expand to USD 285 Billion by 2032

Palm Mid-Fraction is a preferred derivative over other palm oil co-products due to its functionality to yield higher shelf-life stability in the end-use products. It is generally fractionated to separate its content (mainly containing stearin and olein) through fractionation. When these phases are given a double-fractionation treatment, it gives to rise to palm mid-fraction. Palm-mid fraction is rich in content such as tocopherol and carotene and is used mainly in the production of edible fats and butter substitutes. Palm-oil manufactured for industrial processes are used in various forms of derivatives.

The worldwide palm oil & mid fraction industry is supposed to arrive at a valuation of USD 237 Billion in 2022. The market is additionally expected to show a CAGR of 4% and arrive at USD 285 Billion during the estimate time of 2022–2032. The palm mid-fraction market is principally pushed by expanding interest for heated merchandise and prepared to-eat food items.

Palm mid-fraction happens to be a primer in the production of cocoa butter equivalents (CBE). Also, palm-mid fraction is a healthier alternative to hydrogenated soft oils used in bakery and confectionery, which further encourages market growth in the backdrop of rising health conscious trends amongst consumers.

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Demand for packaged bakery products fuelling palm mid-fraction market growth

As bakery and on-the-go products are a favorite amongst the younger generations, their demand has grown considerably in the past decade. These products which are the major end-use applications for the palm oil & mid-fraction are indirectly driving the growth of the palm mid-fraction market.

Also, manufacturers are facing challenges to developed bakery products which parade combined qualities of shelf life stability as well as good texture and taste in bakery products. The demand for palm oil & mid-fraction is spurred through developing regions such as Nigeria, whose economy is significantly dependent on the production and export of edible fats and oils.

Barriers in the palm mid-fraction market are apparent in the supply chain. The palm mid-fraction demanded in developed countries should be certified for its high quality and sustainability and these expectations are not met across all participants in the supply chain of palm mid-fraction, due to the very fact that in developing regions like Malaysia, production and transport of palm mid-fraction comes at a cost, which the processors are often not ready to pay.

Certifications mainly concern the RSPO (Roundtable on Sustainable Palm Oil) and greenhouse gas emission reductions. RSPO traders and manufacturers of palm mid-fraction are a significant constituency in the palm mid-fraction market, representing about 48% of global palm oil trade.

Global Palm Mid-Fraction market: Key Market Participants

Examples of some of the market participants in the global palm mid-fraction market identified across the value chain are Mewah Group, Intercontinental Specialty Fats Sdn. Bhd., Felda Iffco Sdn Bhd and Pavlos N. Pettas S.A. amongst others.

Palm Mid-Fraction Market: Key Takeaways

In 2015, the company Archer Daniel Midland, which is an agriculture-based ingredient provider began to offer its palm oil in RSPO certified format. The company will provide its palm oil which is traceable and meets RSPO Mass Balance standards.

Opportunities for Palm Mid-Fraction Market Participants:

On the supply side, several opportunities exist for the Indonesian SMEs (Small & Medium-sized Enterprises) to capitalize in the European market, as also the RSPO constituency is coming up special plans to bring Indonesian SMEs under its wing. With their palm mid-fraction meeting quality and sustainability standards, Indonesian palm mid-fraction manufacturers have ample opportunities to tap into the European market potential.

Met by promising demand from the bakery and confectionery industry in Europe and North America for palm mid-fraction, healthy support from government and regulatory bodies is further likely to create a win-win scenario in the palm mid-fraction market for the Indonesian manufacturers.

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Global Palm Mid-Fraction Market: Segmentation:

The palm mid-fraction market is segmented on the basis of grade and end use.

On the basis of grade, the palm mid-fraction market is segmented into-

Soft Palm Mid-Fraction
Hard Palm Mid-Fraction

On the basis of end use, the palm mid-fraction is segmented into-

Food Industry
Confectionery
Bakery
Edible Oils & Fats
Others
Surfactants & Detergents
Personal Care & Cosmetics
Others

About Future Market Insights (FMI)

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

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Global Halal Ingredient Market Expected to Reach USD 3,35,014 Million by 2024, Forecasting Continued Growth to USD 4,51,467 Million by 2034

The global market for halal ingredients is poised to achieve USD 3,35,014 million by 2024, with projections indicating a steady growth at a 3% CAGR. By 2034, the market is anticipated to expand further, reaching a total value of USD 4,51,467 million.

Companies in this sector are catering to the evolving needs of the expanding global Muslim population. They are focusing on developing food and beverage ingredients such as flavorings, emulsifiers, enzymes, and starches that adhere to Islamic dietary guidelines. Through these efforts, they ensure ethical sourcing, processing, and compliance with religious standards.

The economies, particularly those with significant Muslim communities, are witnessing growth and increasing disposable incomes. This economic advancement encourages consumers to prioritize halal-certified options, thereby driving demand for compliant ingredients.

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Competitive Landscape

Leading companies in this sector are adopting innovative approaches to maintain their competitive edge. Key strategies include introducing new halal-certified ingredients tailored to the needs of food and beverage manufacturers. This effort encompasses the creation of plant-based alternatives, ingredients catering to specific dietary needs, and functional ingredients enriched with health-promoting components.

To enhance their market reach, companies are expanding into untapped regions that have substantial Muslim populations, particularly in the Middle East and Southeast Asia. Additionally, they are bolstering their presence and capabilities through acquisitions of smaller firms, thereby accelerating growth in the halal ingredient market.

Players are also coming into collaborations with local companies and established halal certification bodies to streamline the certification process. This further opens ways to strengthen the distribution networks.

Participants are also emphasizing on traceability of their production of halal ingredients. This assures customers about the good quality of products and also allows the tracking of origin and processing of ingredients.

Leading Halal Ingredient Brands

Nestlé S.A
ADM (Archer Daniels Midland)
Ingredion
AB Mauri Malaysia Sdn. Bhd
BASF SE
Ashland Inc.
Givaudan
Kerry
Kingherbs Limited
Others

Industry Updates

In February 2024, CJ Foods, a South Korean-based company, introduced the first halal bibigo Mandu products. The firm is planning to debut the taste of Korean Mandu, which has a No.1 market share in countries like Vietnam, Korea, and the United States, in the Malaysia market.
In November 2023, McCook commenced operations in Eustis, Nebraska for the production of beef bacon. With this, the company hopes to serve the incredibly underserved market for halal products.

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Key Segments of the Halal Ingredient Market

By Application:

Various applications of the product are food ingredients, the beverage industry, the cosmetic industry, and the pharmaceutical. The food ingredients segment is further divided into thickening agents, sauces and marinades, flavors, sugar substitutes, and others.

The beverage industry is segmented into coffee, tea, concentrated beverages, and juices, soft drinks, and health and nutritional drinks. The cosmetic industry is categorized into body and skin care, oral care, fragrance, and hair care. The pharmaceutical sector further is bifurcated into active pharma ingredients and excipients.

By End Use:

In terms of end use, the industry is bifurcated into HoReCa and food processing.

By Region:

Halal ingredient market analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa, and Oceania.

About Future Market Insights (FMI)

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

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Nutrient-Rich Expansion: Flax Milk Market Anticipates USD 74 Million by 2034 with 4.5% CAGR

The global flax milk market is projected to reach a value of USD 47 million by 2024, with an anticipated compound annual growth rate (CAGR) of 4.5% from 2024 to 2034, culminating in a total industry value of USD 74 million by the end of the forecast period.

Non-dairy milk alternatives, such as flax milk, are increasingly favored by consumers seeking a healthier option. These alternatives offer the creamy texture of milk without the associated health concerns linked to traditional dairy products. Flax milk, in particular, stands out for its omega-3 fatty acids, appealing strongly to health-conscious individuals.

As obesity rates and other health issues rise, the health benefits of traditional dairy milk are being scrutinized. The high fat content in regular milk has led many consumers to explore cholesterol-free and low-fat alternatives like flax seed milk. This shift is especially noticeable among sports and fitness enthusiasts who prioritize nutritious choices in their diets.

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The demand for flax seed-derived milk is growing rapidly thanks to the increasing global vegan population. As more consumers reject animal cruelty, the dairy-free milk market is expanding continuously.

Flax milk has become a favored vegan substitute for traditional milk, leading to optimistic prospects for the industry. The rising prevalence of lactose intolerance worldwide is also contributing positively to the sector. As lactose-intolerant individuals drive the sales of non-dairy milk, the flax milk sector is experiencing significant benefits.

Competitive Landscape

The flax milk market is primarily controlled by a handful of industry leaders. The production costs are significant, and the product remains niche. As a result, it’s expected that large plant-based companies with existing expertise in complementary production are poised to enter this sector.

It does not mean, however, that there is no scope for smaller-scale players. Smaller-scale players focus on niche products and segments to appeal to a more concentrated crowd. For example, Pureharvest concentrates on expanding demand in its native country, Australia.

Niche brands are also carving out their own segments within the flax milk market by offering unique formulations and catering to specific dietary needs, such as allergen-free and non-GMO options. The competition is further intensified by traditional dairy companies and beverage manufacturers entering the plant-based sector, recognizing the growing consumer shift towards dairy alternatives.

Companies in the industry are making significant strides by prioritizing superfoods and organic ingredients to appeal to health-conscious consumers. They are expanding their product ranges and strengthening their market presence through creative advertising strategies and robust partnerships in online retail.

Moreover, many of these companies already excel in producing various types of plant-based milk. As they seek to diversify their offerings, they see promising opportunities in producing this specific type of milk.

Industry Updates

In September 2023, French brand Christophe Robin launched the Luscious Curl Reactivating Mist, with Flaxseed Milk as one of the ingredients.
In January 2023, it was revealed that United States-based Good Karma Foods had raised money through a new round of funding.

Leading Flax Milk Brands

Good Karma Foods
Elmhurst 1925
Malibu Mylk
Mamma Chia
Veggemo
Plantfolk Foods
Flax USA
Joi
Lifeway Foods
Pureharvest

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Key Segments of Market Report

By Product Type:

Based on the product type, the flax milk market is trifurcated into unsweetened, original, and flavored.

By Distribution Channel:

Popular distribution channels include hypermarkets, supermarkets, convenience stores, food and specialty drinks stores, and others.

By Region:

The sector has been analyzed with the following regions covered: North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Refreshing Trends: Global Fruit Beer Market Projected to Grow to USD 595.5 Million by 2033 with 6% CAGR

The fruit beer market is expected to develop at a CAGR of 6% from 2023 to 2033, above the observed CAGR of 2.4% between 2018 and 2022. This considerable increase in growth rate indicates increased demand for fruit beer, resulting in a significant increase in market value from USD 331 million in 2023 to USD 595.5 million in 2033.

The fruit beer market has grown significantly in recent years, owing to a variety of causes. The increased consumer appetite for flavored and creative alcoholic beverages is one of the key factors. Fruit beers have a distinct and refreshing flavor profile that combines the natural sweetness of fruits with the sharpness of beer, making them appealing to a wide spectrum of customers. The market is also driven by the growing demand for craft beers and the brewing industry’s growing tendency for flavor innovation.

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There are, nevertheless, some constraints and hazards to consider. Market rules and prohibitions on alcohol distribution and use vary by nation and can provide difficulties for market participants. Furthermore, the availability and supply of high-quality fruits for brewing might be a challenge, affecting production quantities and total market growth.

Despite these obstacles, the fruit beer business offers several prospects. The increased popularity of fruit-infused drinks, particularly among millennials and craft beer fans, opens up new business prospects. Furthermore, product development, such as the creation of low-alcohol or non-alcoholic fruit beers, may capitalize on the rising desire for healthier and more diversified beverage alternatives. Strategic partnerships with fruit suppliers and distribution networks can also help to increase market reach and penetration. Overall, the fruit beer market has significant development potential, owing to consumer preferences for unusual flavors and the ongoing expansion of the craft brewing sector.

Key Takeaways

In the United States, the market is growing at a CAGR of 23.4% in 2022 during the forecast of 2022 in the global market.
United Kingdom is expected to increase at a CAGR of 5.5% by 2033, owing to rising consumer interest in innovative and tasty alcoholic beverages.
In India, the market is predicted to develop at an 8.3% CAGR through 2033, exhibiting a strong growth trajectory as consumers seek new and inventive beer alternatives.
China is expected to develop rapidly, with a CAGR of 7.2% by 2033, driven by the rising popularity of craft brews and a growing middle-class population with changing taste preferences.
Japan’s market has a compound annual growth rate of 5.6% as per the forecast for 2022 in the global market.

Competitive landscape

The fruit beer market’s competitive environment is characterized by numerous significant companies contending for market share. New Belgium Brewing, Dogfish Head Brewery, The Boston Beer Company, Sierra Nevada Brewing Co., and Deschutes Brewing are among the market’s prominent rivals. These businesses are noted for their inventive fruit-infused beer products, which combine distinct fruit flavors with traditional brewing procedures. They concentrate on product development, flavor testing, and brand positioning to differentiate themselves in the market. With increasing consumer demand for fruit-infused beers, these rivals try to provide unique and refreshing solutions to appeal to a wide range of taste preferences and gain a greater share in the fruit beer industry.

Recent Developments:

New Belgium Brewing is well-known for its fruit-infused beers, such as “Citradelic Tangerine IPA” and “Juicy Haze IPA,” which cater to the rising demand for hop-forward fruit beers.
Dogfish Head Brewery is known for its inventive fruit beer innovations, such as “SeaQuench Ale” and “Festina Peche,” which combine distinct fruit flavours with classic beer types.

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Key Segments Profiled in the Fruit Beer Industry Survey

By Flavour:

Raspberry-flavored Beer
Peach-flavored Beer
Blueberry-flavored Beer
Cherry-flavored Beer
Plum-flavored Beer
Other Fruit-Flavored Beer

By Distribution Channel:

Fruit Beer Sales via Hypermarkets/Supermarkets
Fruit Beer Sales via Departmental Stores
Fruit Beer Sales via Specialty Stores
Fruit Beer Sales via Online Retailers

By Region:

North America
Latin America
Europe
Asia Pacific
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 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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Proanthocyanidins Market Anticipates Exponential Growth and Surpasses Projected Valuation by 2030

The Proanthocyanidins market has witnessed remarkable growth in recent years, driven by increasing awareness of the potential health benefits these natural compounds offer. Proanthocyanidins are a group of polyphenolic flavonoids found abundantly in various plant sources, such as grapes, apples, berries, and cocoa. Renowned for their potent antioxidant properties, these compounds have captured the attention of both consumers and researchers alike.

Explore Industry Trends and Developments in Proanthocyanidins Market Request Your Sample Report

The increasing demand for anti-cancer food products in populations around the world also drives the industry for foodstuffs rich in proanthocyanidins. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Proanthocyanidins are reduced tannins with several pharmacological functions. They are considered as phytochemicals that have defense and offensive molecules that offer several health benefits. Proanthocyanidins have several health-beneficial properties that are antioxidant, antidiabetic, anticancer, antimicrobial, and neuroprotective.

Due to this, they have a multitude of uses in pharmaceuticals and nutraceutical industries. Food processing waste and agricultural wastes contain huge proanthocyanidins amount that can be a viable source for functional ingredients and dietary supplements.

Key Market Dynamics:

Health Benefits Driving Demand: The increased incidence of lifestyle-related diseases like diabetes and cardiovascular disorders has strengthened the need for proanthocyanidin supplements.
Rising Demand for Anti-Cancer Products: The global demand for food products rich in proanthocyanidins is on the rise, driven by a growing interest in anti-cancer food items.
Growing Aging Population in North America: North America, particularly the United States, has experienced a significant rise in the aging population, leading to increased consumption of healthy food and a growing demand for pharmaceuticals containing proanthocyanidins.

Impact of COVID-19:

The aversion behavior of consumers due to the COVID-19 outbreak may impact proanthocyanidins consumption, with disruptions in supply chains and changes in buying patterns. However, opportunities for manufacturers have arisen due to panic buying, strengthening the supply chain.

Key Players:

Major players in the Proanthocyanidins market include NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific, and others. High investments in developing proanthocyanidin products and research to enhance benefits are driving market growth.

Proanthocyanidins Market — Key Research Findings:

The global Proanthocyanidins market will expand at a CAGR of 6.4% over 2020–2030.
Grapes seed remains the preferred source, with cranberry gaining gradual traction.
North America is the market front-runner for Proanthocyanidins.

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Proanthocyanidins Market Taxonomy

The global Proanthocyanidins Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Application

Food & Beverages
Dietary supplements
Personal Care & Cosmetics

Source

Pine Bark
Grape Seed
Berries

Distribution Channel

Drug and pharmacy store
Convenience stores
Modern Trade
Online retail

Region

North America
Latin America
Europe
Asia
Oceania
MEA

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

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Lecithin and Phospholipids Sector Set for USD 3.3 Billion Valuation by 2033 with 7.1% CAGR

The lecithin and phospholipids market is valued at USD 1.7 billion in 2023. The market is expected to reach a valuation of USD 3.3 billion by 2033, and is projected to grow at a CAGR of 7.1% during the forecast period.

Lecithin and phospholipids are being mainly used across the healthcare sector. There are primarily recommended by the neurologists to treat Alzheimer’s. Apart from that, these are also used for the treatment of cholesterol, BP, anxiety, etc. These are also abundantly available in the natural form, which makes these elements easy to access.

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The fast-growing convenience food market and fast-food market might also surge the demand for lecithin and phospholipids. Their ability to act as antioxidants and flavor protectors is expected to surge their market share during the forecast period. They are also being utilized in the beverages because of assisting in lump reduction and giving a fine texture.

Urbanisation has led to a lot of people coming out of the traditional patterns. Thus, instead of cooking food by themselves, the fast-moving lifestyle has in a way motivated people to consume food from the quick service restaurants. These restaurants are known to make use of soy on a large-scale basis. Based on the research, even the quick service restaurants might exhibit massive growth in the coming years. These factors might surge the sales of lecithin and phospholipids.

The ability to act as emulsifiers is leading to the large-scale application of lecithin and phospholipids in chocolate industry. Furthermore, they also assist in moisturizing the consumables, and increase their shelf life. These properties have created a lot of buzz amongst the key players in the food industry.

Furthermore, a lot of key players are also investing on the development of liquid lecithin and phospholipids plants. The purpose is to scale up the production of these elements, and cut down the existing demand supply gap.

However, the side effects which include allergy, and an increase in the price of raw materials is expected to hinder the progress of the market.

Key Takeaways:

The market is anticipated to grow at a CAGR of 7.1% in 2023-2033.
In 2023, the market is valued at US$ 1.7 billion.
As of 2033, the lecithin and phospholipids market is projected to reach a valuation of US$ 3.3 billion.
Based on the regional analysis, Asia Pacific is expected to be the largest market.
USA market is projected to grow at a CAGR of 6.5%.
UK market is anticipated to grow at a CAGR of 4.8%.
China market is expected to grow at a CAGR of 10.3%.
Japan lecithin and phospholipids market is projected to surge at a CAGR of 11%.
South Korea market might advance at a CAGR of 8.6%.
Based on the product type, the chemically modified lecithin is expected to hold the largest market share during the forecast period, and is projected to grow at a CAGR of 7.8%.
On the basis of form, the powder segment is projected to hold the highest market share during the forecast period, and is anticipated to grow at a CAGR of 7.2%.

Competitive Landscape

The key players operating in the lecithin and phospholipids market are looking for production expansion. Apart from that, there are also measures being taken to carry out profitable mergers. There is also a massive investment that is being made in the technological aspect of the business. The key players are also making massive investments in the R&D to give special focus on the quality management.

In February 2022, Lecico was the proud recipient of Platinum medal by EcoVadis for its sustainability actions.

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Lecithin and Phospholipids Market Segmentation

By Product Type:

Unrefined Lecithin (Soybean Lecithin, Sunflower Lecithin, Rapeseed Lecithin, Others),
Refined Lecithin,
Chemically Modified Lecithin

By Form:

Powder,
Granules,
Liquid

By Nature:

GMO,
Non-GMO

By Function:

Emulsifier,
Dispersing Agent,
Surfactants,
Others

By Application:

Bakery & Confectionary,
Dairy Products,
Infant & Dietetic Food Products,
Meat & Poultry Items,
Instant Foods,
Other Processed Foods,
Dietary Supplements & Pharmaceuticals,
Cosmetics,
Animal Feed

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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.

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Nutrition at Its Core: Global Oral Clinical Nutrition Supplement Market to Exceed USD 19613.1 Million by 2033 with a 6.2% CAGR

By 2033, the global oral clinical nutrition supplement market is expected to reach USD 19,613.1 million, surpassing USD 10,788.70 million in 2023. The market is expected to record a CAGR of 6.2% indicating positive market growth over the forecast period.

The emphasis on maintaining a good immune system has increased the market for oral clinical nutrition supplements. In the upcoming years, the market for oral clinical nutrition supplements is expected to expand. Due to its uses in addressing malnutrition, it has the potential to help the market for oral clinical nutrition supplements develop substantially. Patients with prolonged illnesses or those who are nutritionally malnourished may benefit from the use of oral clinical nutrition supplements.

Also, patients who find it difficult to eat regular meals because of a loss of taste brought on by a prolonged infection may benefit from taking oral clinical nutrition supplements. There are several oral clinical nutrition supplement manufacturers who are introducing new flavors to attract more consumers. This may remain a key factor in the market’s growth.

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The rising demand for health foods, the increasing number of young people, and the growing preference for a range of oral clinical nutrition supplements among the general population are a few of the major factors anticipated to propel the growth of the oral clinical nutrition supplements market.

Key Takeaways from Market Study

The oral clinical nutrition supplement market is expected to record a CAGR of 6.2% over the forecast period.
It is estimated that the oral clinical nutrition supplement market in North America may remain strong during the forecast period.
The launch of oral clinical nutrition formulas in liquid form may continue aiding growth in the form segment with a CAGR of 7.2%
Flavored oral clinical nutrition supplements are likely to hold a market share of 70%.
It is expected that the market in the United States may demonstrate a high level of growth by 2033.
Prescription-based channels are likely to be responsible for more than 90% of sales of oral clinical nutrition supplements.

Competitive Background:

Leading players in the market focus on a variety of market consolidation activities, including mergers, acquisitions, supply distribution partnerships, and product launches. In order to be successful, manufacturers must expand their market footprint and offer solutions to their customers. A variety of end users can now choose from a wide range of customized solutions offered by leading manufacturers.

Several prominent companies dominate this market, including NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medtrition Inc., Baxter International Inc., B. Braun Melsungen AG., Fresenius Kabi AG, Mead Johnson & Company, LLC, Otsuka Holdings Co., Ltd., Abbott Laboratories, Danone Nutricia, Victus, Inc., Cambrooke Therapeutics, Inc., GlaxoSmithKline plc, Nestlé S.A., Kate Farms, Inc., Perrigo Company plc, Sichuan Kelun Pharmaceutical Co., Ltd., AYMES International Ltd., Pfizer Inc., Medifood GmbH, Nature’s Bounty Inc., Pharmavite LLC., and others.

Recent Developments:

Ensure Harvest and PediaSure Harvest were relaunched in September 2021 with plant-based protein and organic ingredients. As a source of nutrition or as a means of meeting a person’s daily nutritional needs, hence nutritional supplements can be used in many ways.
Persona, a firm that offers personalized vitamins, has been acquired by Nestlé Health Science in August 2019. The company has the opportunity to expand its personalized nutrition services.
With only six calories and no caffeine, Matok V’Kal launched a stamina boost-up spray in February 2019.
With the introduction of PRO-DIP’s new oral clinical nutritional supplement in April 2019, PRO-DIP introduced a revolutionary pouch that provides small, semi-permeable sachets of energy and nutrition.
In April 2018, Abbott introduced Ensure Max, which is a nutritional drink with high-quality proteins and very low sugar content.

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Oral Clinical Nutrition Supplement Market Segmentation by Category

Product Type:

Standard Formula
Specialized Formula

Indication:

General Well-being
Renal Disorders
Hepatic Disorders
Oncology Nutrition
Diabetes
Dysphagia
IBD & GI Tract Disorders
Neurological Disorders
Respiratory Orders
Others

Form:

Liquid
Semi-solid
Powder

End User:

Adult
Geriatric
Pediatric

Flavor:

Regular
Flavored
- Chocolate
- Vanilla
- Strawberry
- Apple
- Mixed Berries
- Orange
- Nut Flavours

Channel:

Prescription-based
Over-the-Counter
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies

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: