Taurine Market Poised for 7.2% CAGR Growth from 2023 to 2033

Taurine Market

The taurine market is anticipated to be worth US$ 415.0 million in 2023 and US$ 815.4 million by 2033. During the projection period, taurine sales are anticipated to experience a strong CAGR of 7.2%.

Taurine, known as the wonder molecule, is increasingly being used in products such as energy drinks, dietary supplements, and others. It has made a name for itself in the global market due to its use on both animals and humans.

Energy drinks are becoming increasingly popular around the world. Taurine is found in energy drinks and is used to increase physical activity and bodybuilding. Red Bull is a well-known energy drink containing Taurine. It is widespread in both developed and developing countries.

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Growth in international sporting events has compelled sportsmen to concentrate on preserving their physical fitness, which is anticipated to spur growth in the approaching years.

However, excessive use of taurine as a supplement can cause health problems, limiting the taurine market’s growth. Increased research and development and new product launches are expected to drive the taurine market forward in the near future.

Key Takeaways from the Taurine Market

  • The taurine market in the United States is expanding at a rate of 6.9% as a result of important product launches, increased research activity, and a high concentration of manufacturers or market players, in the country.
  • With a revenue share of US$ 40 million, the United Kingdom has contributed a sizeable share of the global market. The growing online sales channel and expansion of sports nutrition are proliferating market growth.
  • Food-grade taurine tops the segment showcasing a growth of 5.6%. Taurine in food acts as an emulsifier and flavor enhancer in processed foods. Taurine is widely used in the production of packaged cereal, baby products, bakery items, and other items due to its properties. The growing demand for processed and packaged foods is driving up global demand for taurine.
  • Currently, China holds a commanding growth rate of 7.9% in the Asia Pacific region. China is a leading producer of taurine, with more than 40 manufacturers in the country contributing to the world’s prominent production of the market product. Several manufacturers are outsourcing Taurine production to China and looking for low-cost suppliers in this country.
  • Due to rising public awareness of fitness and well-being, the dietary supplements industry is expected to develop at the strongest pace of 11.5%. An increase in sporting events and activities is likely to expand market reach.

Competitive Landscape

Companies in the taurine market are attempting to increase taurine production capacity. Companies such as Qianjiang Yongan Pharmaceutical Co., Ltd. have an annual production capacity of 58,000 MT of taurine and are planning to expand production and storage capacity. Concurrently, the company is strengthening its supply chain to support this increase in volume.

Latest Developments

  • Manufacturers including Qianjiang Yongan Pharmaceutical Co., Ltd., Songzhou Hu, and Vitaworks Ip, Llc are working on a novel taurine production process for the global market. Manufacturers strive to develop sustainable production processes, use less raw materials, and waste less. Manufacturers such as Kyowa Hakko Bio Co., Ltd. have developed a fermentation-based taurine production process because it creates a more controlled environment for several production factors and taurine extraction.
  • Mimi’s Rock Corp. announced in February 2022 that its supplements brand, Dr. Tobias, is extending the range of products it offers by adding digestive enzymes, prebiotics, and probiotics to support gut health.

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Key Segments Covered in the Taurine Market Report

By Grade:

  • Food Grade
  • Feed Grade
  • Pharmaceuticals Grade
  • Others

End-use Application:

  • Food
    • Dairy Products
    • Infant
    • Bakery Products
    • Cereal Products
  • Beverage
    • Energy Drinks
    • Caffeinated Drinks
    • Soft & Carbonated Drinks
  • Animal Feed
    • Aquaculture Feed
    • Poultry Feed
  • Pet Food
    • Cat Food
    • Dog Food
  • Pet Supplements
    • Cat Supplements
    • Dog Supplements
  • Dietary Supplements
  • Cosmetics & Personal Care
    • Skin Care Products
    • Hair Care Products
    • Toiletries
  • Agriculture
  • Pharmaceuticals

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

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Egg-free Mayonnaise Market Forecasted to Exceed USD 7.9 Billion by 2033, Reports FMI

Egg-free Mayonnaise

The egg-free mayonnaise market size is projected to be valued at US$ 4,315.4 million in 2023 and is expected to rise to US$ 7,988.2 million by 2033. The sales of egg-free mayonnaise are expected to grow at a significant CAGR of 6.4% during the forecast period.

Millennials in particular are becoming more accepting of veganism, which has sparked industry growth. Due to increased public awareness of animal cruelty and the negative environmental effects of the dairy industry, consumers are increasingly selecting products that are made from plants.

Egg-free mayonnaise often contains less fat and is gluten-free than normal mayonnaise. One of the main factors driving the market expansion is the huge increase in the consumption of ready-to-eat (RTE) packaged vegan food and drinks as well as gluten-free and plant-based diets.

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Cheese, mint, lime, BBQ, chipotle, and tandoori flavors are being introduced by product manufacturers. Given the growing popularity of veganism and vegetarian diets, they are also focusing on launching vegan, organic, and egg-free variants.

The expansion of organized distribution channels such as hypermarkets, supermarkets, convenience stores, grocery stores, and online shopping applications is providing industry players with lucrative growth opportunities.

In the upcoming years, it is anticipated that protracted promotional campaigns and celebrity endorsements by product manufacturers on social media platforms is likely to have a positive impact on egg-free mayonnaise sales.

Key Takeaways from the Egg-Free Mayonnaise Market

  • From 2023 to 2033, China is anticipated to experience the fastest CAGR of 7.1%. In the approaching years, it is anticipated that the rising demand for plant-based bakery and confectionary products in the region would drive the sale of goods.
  • Supermarkets and hypermarkets, among other distribution channels, are expected to grow significantly and capture a commanding market share of 46.3% due to their presentation, availability of a wide variety on the shelves, and ease of access to consumers. The discounts provided by supermarkets and hypermarkets are expected to boost sales of egg-free mayonnaise through this channel.
  • Due to a larger consumer base and more retail vegan outlets than any other region, the US is anticipated to contribute a significant revenue share of US$ 1,532.0 in the egg-free mayonnaise market. Several new regional companies are entering the market, each with their own unique flavor of egg-free vegan mayonnaise.
  • From 2022 to 2030, the HoReca end-use segment is anticipated to experience the fastest CAGR of 4.5%. As flexitarian and vegan diets are becoming more and more popular, many restaurants, fast food chains, and casual dining establishments have started adding plant-based items and drinks to their menus.

Competitive Landscape

The global egg-free mayonnaise market is highly fragmented, with numerous vegan mayonnaise brands present. To increase product penetration, the companies invest heavily in product launches, distribution channels, and marketing strategies. They release products made from a variety of ingredients and for a variety of purposes, such as sandwich spread, nachos dipping, and so on. Furthermore, competitive strategies such as partnerships, mergers, acquisitions, joint ventures, and so on are prevalent in this market.

Latest Developments

Press’d Sandwich Shop in Canada announced the launch of two meat-free menu items using Gardein Chick’n in December 2020. The California Vegan and the Blazing Vegan are two of the inventive sandwich options, both of which include vegan mayo and vegan cheddar cheese.

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Key Segments Covered in the Egg-Free Mayonnaise Market Report

By Nature:

  • Organic
  • Conventional

By End User:

  • HoReCa
  • Food Processors
  • Household (Retail)

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarket/ Supermarket
    • Food and Drink Specialty Stores
    • Convenience Store
    • Discount Store
    • Online Retail

By Price Range:

  • Economy
  • Premium

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Products from Food Waste Market Projected to Expand at 5% CAGR, Hitting USD 85.9 Billion by 2033

Products from Food Waste

The products from the food waste market are revolutionizing the way we think about waste and sustainability. As the world grapples with the pressing issue of food waste, innovative companies are finding creative ways to transform discarded food into valuable products. These products not only reduce waste but also contribute to a more circular economy.

In 2023, the global products from the food waste market are estimated to be worth US$ 55,120 million. Food waste product sales are projected to expand at a 5% CAGR to US$ 85,905.0 million by 2033.

The products from food waste industry are gaining significant traction due to the increasing demand for sustainable solutions for food waste management. The drivers for this market include the implementation of strict regulations regarding food waste disposal and growing awareness about the environmental impact of food waste. In addition, the development of new technologies and processes for food waste management, such as InSinkErator food waste disposers and food waste processors, is also driving the growth of this market.

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The market for products from food waste industry also faces some restraints such as the high cost of installation and maintenance of food waste management systems, lack of awareness about the benefits of food waste management, and the unavailability of proper infrastructure in some regions. Moreover, the low profitability of food waste management and disposal services is also hampering the growth of this market.

Opportunities for the products from food waste industry include the development of innovative technologies and processes for food waste management and the increasing demand for value-added products derived from food waste such as meat waste disposals, carysil food waste disposers, and other food waste products. In addition, the increasing demand for organic fertilizers and biofuels is also creating new opportunities for the growth of this market.

One of the emerging trends in the products from food waste industry is the use of technology to improve food waste management processes. Smart waste management systems are being developed that use sensors, data analytics, and artificial intelligence to optimize the food waste management process. In addition, the development of blockchain technology for food waste management is also gaining traction as it provides transparency and traceability in the food waste management process. These trends are expected to create new growth opportunities for the products from food waste industry in the coming years.

Key Takeaways from the Products from the Food Waste Market:

  • In 2022, the United States is anticipated to have a notable share in products from food waste, accounting for 8% of the global market.
  • Germany is predicted to dominate the Europe market for products from food waste, with a CAGR of 4.3% during the forecast period.
  • The products from food waste industry in India are predicted to thrive at a significant CAGR of 15.3% during the forecast period.
  • With a CAGR of 7.4% over the forecast period, China is likely to be a prominent contributor to the growth of the products from food waste industry.
  • Citrus fruits are predicted to dominate the products from food waste industry by source in 2023, accounting for around 35% of the total share.
  • The food processing segment is predicted to dominate the products from food waste industry in 2023, accounting for around 40% of the market share.

How Players are Capitalizing on Innovative Technologies in Products from the Food Waste Industry?

The products from food waste industry are significantly growing and becoming increasingly competitive. With an increasing trend towards sustainability and reducing food waste, many companies are exploring ways to repurpose food waste into value-added products.

Leading players in the industry are Insinkerator, Emerson Electric Co., and Waste Management, Inc. are investing in new technologies and innovations to improve food waste processing and management. Insinkerator, for example, offers a range of food waste disposers and processors that can grind and process food waste into fine particles, while Waste Management provides a range of services to businesses and consumers to help manage and reduce food waste.

In addition to established players, many startups and small-scale companies are also entering the market, bringing them unique and innovative solutions. Carysil, for example, offers a range of food waste disposers that are compact and efficient, while TerraCycle provides a range of services to help businesses and individuals recycle their food waste.

The industry is also seeing a rise in collaborations and partnerships between companies to improve sustainability and efficiency in food waste management. For example, in 2021, PepsiCo partnered with Danimer Scientific to develop biodegradable food packaging made from plant-based materials.

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Products from Food Waste Market Taxonomy

By Source:

  • Mangoes
  • Apples
  • Grapes
  • Citrus Fruits
  • Carrots
  • Beetroot
  • Berries
  • Others

By End User:

  • Food Processing
  • Beverage Processing
  • Cosmetics & Personal Care
  • Dietary Supplements & Nutraceuticals
  • Animal Feed
  • Others

Region:

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

About Future Market Insights (FMI)

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

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Essay Help – How to Get Ph plagiarism-Free Essos Online

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Dark Store Market Poised to Thrive at a Robust CAGR of 38% by 2033 | FMI

The dark store market is anticipated to cross a market share of US$ 414.31 Billion by 2033, thriving at a robust CAGR of 38% from 2023 to 2033. In 2023, it holds a value of US$ 16.54 Billion.

The higher online ordering trend among the geriatric population, coupled with their more sedentary lifestyle, has resulted in increased adoption of the dark store concept over traditional store visits. While the concept isn’t novel, the pandemic has significantly heightened demand for storage facilities capable of fulfilling the storage, logistics, and management requirements of online grocery stores.

Furthermore, the rising adoption of dark stores is driven by several advantages, including swift and contact-free shopping, improved distribution and faster delivery, broader audience reach, enhanced SKU management, and expanded distribution channels.

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The emerging enterprises are prompted to set up store as an extension of e-retailer partnerships adding to the demand for dark stores. One of the new and developing delivery tracking systems makes the capabilities more reliable, faster and convenient for the end user to receive his package.

Key Points

  1. The US holds the biggest share of 35.8% market share in the global market, owing to the higher number of outlet stores and preference for online shopping options.
  2. Europe holds a significant market share in the global dark store market attributed to its easy availability of the product coupled with the cost-friendly setup.
  3. The rising urbanization and per capita income in Asia Pacific nations such as China and India have led to the higher adoption. Thus, the high demand for the Dark store is anticipated from the region during the forecast period.
  4. By delivery category, the online delivery segment holds the biggest share due to ease and faster delivery.

Competitive Landscape

The competitors focus on making stores with better accessibility and availability. The brands proving n number of payment options, and delivery options while also providing the same day delivery options fuels the market competition.

Furthermore, the key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain.

Key Players

  • Amazon.com, Inc.
  • Swiggy
  • Uber
  • Ola Foods
  • Supermarket Grocery Supplies Pvt Ltd.
  • Walmart, Inc.
  • Target Brands, Inc
  • Dunzo Daily
  • Instacart
  • Auchan
  • Wolt
  • Flipkart
  • Grab

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Dark store Market by Category

By Age Group

  • Children
  • Adults
  • Elderly

By Category

  • Groceries
  • Meat
  • Dairy

By Delivery Options

  • Curbside Pickup
  • In-Store Pickup
  • Home Delivery

By Non-Food Products

  • Cleaning
  • Essentials
  • Bath & Body

By Region

  • North America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

Recent Market Developments

  • June 2022: Naturepro has introduced same-day delivery across India along with the opening of ZFW dark stores. Both brands have partnered to promote sustainable and affordable products.
  • September 2022: Intacart has acquired Rosie to implement and use its technology in locally operated grocery spaces, expanding the customer base and distribution channels.
  • Amazon India has signed MOUs with the Council of Handicraft Development Corporation (COHANDS) to promote the products under the Karigar program, which is an initiative that supports the local craftsmen.

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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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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Baby Oral Care Market is Expected to Increase at a CAGR of 2.3% During the Forecast Period 2033

The baby oral care market is blossoming, with a projected valuation of US$ 1.64 billion by 2033. This steady growth, fueled by a CAGR of 2.3%, presents a lucrative opportunity for companies positioned to meet the evolving needs of parents. Here’s why you should be a part of this thriving market:

  • Addressing a Critical Need: Early childhood caries is a significant global concern, affecting 60-90% of children according to the World Health Organization. By offering effective baby oral care products, your brand can empower parents to safeguard their children’s oral health from the very beginning.

  • Prevention is Key: Investing in baby oral care goes beyond just healthy teeth. Good oral hygiene habits established early in life can help prevent issues like oral thrush, cold sores, and eruption cysts, promoting overall child well-being.

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  • Modern Parents, Modern Solutions: Today’s parents are more informed and proactive about their children’s health. They seek convenient and effective solutions for baby care. By offering innovative products like bamboo toothbrushes and safe, fruit-flavored toothpaste, your brand can cater to this discerning market segment.

  • Building Brand Loyalty Early: By establishing trust with parents during their child’s crucial early years, your brand can foster long-term brand loyalty.

  • Expanding Distribution Channels: The rise of organized retail channels like supermarkets and department stores presents a significant growth opportunity for baby oral care brands. By ensuring your products are readily available and strategically positioned, you can maximize market reach.

  • Addressing Counterfeit Concerns: The threat of counterfeit products is a serious concern for parents and the industry. By implementing robust quality control measures and clear brand messaging, you can build trust and differentiate yourself from the competition.

  • Embracing Innovation: Parents are increasingly seeking organic and safe options for their children. By developing innovative, natural baby oral care products, your brand can tap into this growing trend.

  • Partnering for Success: Collaboration with dental professionals and regional distributors can heighten brand awareness and product visibility. By working together, you can create a winning strategy for long-term market success.

The baby oral care market is brimming with potential. By addressing critical needs, offering innovative solutions, and prioritizing safety, your company can secure a prominent position in this rewarding industry.

Key Takeaways from Market Study

  • With a revenue share of more than 30.0%, the toothpaste sector dominated the market in 2021. In the upcoming years, the prevalence of cavities, gum disease, and tooth decay will increase, driving up toothpaste consumption.
  • In 2021, the home segment’s revenue share was above 70.0% of the total market. In the long run, increased disposable income and spending on oral hygiene products will fuel market expansion. The home market makes the most use of oral care items.
  • With a revenue share of more than 35.0% in 2021, the hypermarkets and supermarkets category dominated the industry. These markets bring together a wide range of goods from various brands.
  • In 2021, Asia Pacific had a revenue share of about 35.0%, dominated the market. Long-term revenue growth will be highest in Asia Pacific due to its vast population and rising parental awareness of oral health, particularly in China and India.
  • Europe, Latin America, and the Middle East and Africa are expected to see moderate revenue growth, owing to increased awareness of innovative oral hygiene products among individuals in many of these regions.
  • Snazzy, a start-up in direct-to-consumer dental care, has secured $2.2 million in seed funding from YCombinator, Form Capital, Goodwater Capital, and ANIM Fund. Along with other investors, the round included Kunal Shah (founder of CRED), Bobby Goodlatte (angel investor at Stripe and Coinbase), Eric Idiahi (partner at Verod Capital), and others.

Competitive Landscape

There are many domestic and foreign competitors in the fiercely competitive baby oral care sector. To improve their market positions, the firms are implementing strategic techniques like joint ventures, mergers and acquisitions, and product innovation. To help children’s dental health and oral motor skills, Safe-O-Kid, one of India’s fastest-growing baby product brands, introduced innovative Oral Care and Sensory Kits in July 2022. Children up to the age of 12 can buy the product.

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Some of the Key Players Operating in the Baby Oral Care Market Include:

  • Colgate-Palmolive Company
  • Johnson & Johnson
  • Church & Dwight Co. Inc.
  • Unilever
  • Proctor & Gamble
  • Pigeon Corporation
  • Anchor Group
  • Oriflame
  • Amway
  • Dr. Fresh
  • Chattem
  • Dabur
  • Splat Baby

Key Segments Covered in the Baby Oral Care Market Report

By Product:

  • Toothpaste
  • Toothbrush
  • Denture Products
  • Mouthwash
  • Others

By Application:

  • Home
  • Dentistry

By Distribution Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Retailers
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • 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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Cosmetic Pigment Market to Reach USD 26,235.5 Million by 2034 | Report By FMI

The cosmetic pigment market is expected to be valued at US$ 13,794.3 million in 2024. The market is expected to progress over the forecast period, with a CAGR of 6.6%. By 2034, the value of the market is forecasted to have inflated to US$ 26,235.5 million.

Maintaining or enhancing beauty is a prime concern for many consumers. While the female portion of the population is typically associated with the consumer base for cosmetic products, an increasing number of males, too, are indulging in beauty regimens. Thus, the rising sale of cosmetic products is benefitting the cosmetic pigment market.

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Manufacturers are aware though that beauty standards are constantly evolving and traditional beauty standards are no longer the norm. Thus, producers are making cosmetic pigments that appeal to various skin tones. Innovations are also being done with the colors of the cosmetic pigments.

The growing disposable income of the people is seeing more investment in personal care products on the part of consumers. The rising popularity of organic cosmetic pigments is also benefitting the market. However, the market also has to contend with consumer aversion towards the effects of cosmetic pigments as well as strict laws regarding the labeling and packaging of the product.

Key Takeaways from the Cosmetic Pigment Market

  • The cosmetic pigment market is anticipated to be valued at US$ 13,794.3 million in 2024.
  • Inorganic pigments are the predominant elemental composition in the market. For 2024, inorganic pigments are expected to account for 25.7% of the market share.
  • Cosmetic pigments are primarily used in facial makeup products. For 2024, facial makeup is anticipated to account for 25.7% of the market share.
  • India is one of the most promising countries in the market. The CAGR for India over the forecast period is anticipated to be 11.3%.
  • China is another Asian country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for China is pegged at 9.4%.
  • The market is expected to register a CAGR of 8.7% in Australia over the forecast period.

Competition Analysis of the Cosmetic Pigment Market

A few reputable companies dominate the cosmetic pigment market, though those with lesser capabilities have scope to thrive, too. Big-name players are targeting acquisitions to strengthen their position in the market. Some of the prominent companies in the market include Geotech, Eckart, BASF, and Lanxess.

Key Players:

  • Geotech
  • Eckart
  • BASF
  • Lanxess
  • Venator
  • Nihon Koken Kogyo
  • Ferro Corporation
  • Dayglo Color
  • Elemental Srl
  • Kolortek
  • Sandream Impact
  • Chem India Pigments
  • Yipin Pigments
  • Sun Chemical
  • Toyal
  • Kuncai Europe
  • Kobo Products
  • Sensient Cosmetic Technologies
  • Merck
  • Vibfast Pigments
  • Neelikon
  • Miyoshi Kasei

Recent Developments in the Cosmetic Pigment Market

  • In February 2024, Hubach launched the Cosmenyl S 100 range of sustainable pigment preparations.
  • In July 2021, Sun Chemical unveiled the Reflecks MD Midnight Cherry and Reflecks MD Midnight Sapphire pigments.

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Key Segments

By Elemental Composition:

  • Inorganic Pigments
  • Organic Pigments

By Application:

  • Facial Makeup
  • Eye Makeup
  • Lip Products
  • Nail Products
  • Hair Color Products
  • Special effect & Special Purpose Products
  • Others

By Type:

  • Special Effect Pigments
  • Surface Treated Pigments
  • Nano Pigments
  • Natural Colorants

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and 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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Eco-Friendly Solutions: Drivers of Growth in the Food Packaging Market as Sales Anticipated to Rise at 5.3% CAGR by 2033

Food Packaging Market
Food Packaging Market

As per Future Market Insights’ (FMI) latest report, the global food packaging market value is forecast to rise from US$ 353.7 billion in 2023 to US$ 592.8 billion by 2033. Over the projection period from 2023 to 2033, global sales of food packaging sales are likely to soar at 5.3% CAGR.

The food packaging market is witnessing robust growth, driven by rising consumer demand for convenience and sustainability. As lifestyles become busier, there is an increasing preference for ready-to-eat and on-the-go food products, propelling the demand for innovative packaging solutions.

Furthermore, heightened awareness about environmental concerns is pushing manufacturers towards eco-friendly and recyclable packaging materials. Technological advancements in packaging, such as smart packaging and biodegradable materials, are also contributing significantly to market expansion. The growing e-commerce sector, coupled with stringent food safety regulations, is further bolstering the market.

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Convenience foods are also improving in terms of quality and variety. The rapidly rising urban population is expected to have a substantial impact on the business which will eventually bolster food packaging sales.

High emphasis on food safety is another key factor expected to boost the food packaging industry during the assessment period.

A recent study carried out by the Tetra Pack Index says that almost 50% of consumers believe that improving food safety is the responsibility of the manufacturers. This has emphasized the rethinking of food production and finding solutions that benefit the players starting from farmers to the customers throughout the supply chain.

The companies need to focus on developing packaging solutions that can protect food during storage and transportation. Combining innovation and technologies, food manufacturers and packaging companies need to enhance food safety by managing the supply chain and ensuring profitability in the competitive market.

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Key Takeaways from Food Packaging Market

  • The global food packaging industry is expected to reach a valuation of US$ 592.8 billion by 2033.
  • By packaging type, flexible food packaging segment is estimated to hold 1/2 value share of the market during the forecast period.
  • Based on application, dairy products segment is projected to thrive at 7% CAGR through 2033.
  • South Asia food packaging industry is predicted to account for about 26% of the worldwide market share during the forecast period.
  • The United States food packaging industry is predicted to reach a valuation of US$ 73.5 billion by 2033.
  • India food packaging industry is likely to create an incremental opportunity of US$ 26.1 billion during the assessment period.

“With changing lifestyles and increasing work hours, food consumption patterns of consumers are shifting which will help the target market to thrive rapidly. Companies are focusing on continuous innovation and redesigning of food packaging to keep the product fresh for a longer duration,” – comments a lead FMI Analyst

Rising Consumption of Dairy and Ready-to-Eat Products Fueling Market Growth:

In 2022, the ready-to-eat meals market generated about US$ 505.4 billion in revenue. The market is predicted to increase at a rate of 6.20% per year (CAGR 2022 to 2027). By 2027, volume in the ready-to-eat meals market is predicted to reach 90,989.0 kg.

In 2023, the ready-to-eat meals segment is predicted to rise by 3.6% in volume. In 2022, the average volume per person in the ready-to-eat meals segment was around 10.3 kg. As this segment grows, customer will need reliable packaging which keeps the material inside safe and is easy to open and have a great shelf life.

The dairy market worldwide was estimated at around US$ 720 billion, which is projected to rise to US$ 1,032 billion by 2024. This including with increase in the consumption of several other food items such as seafood and meat will drive the food packaging industry.

Who is Winning?

DS Smith plc, Berry Global Group, Mondi Group, Ball Corporation, Tetra pak, Amcor plc, Stora Enso, Westrock Company, Plastipak, Crown Holdings Inc., International Paper Company, Graham Packaging Company, Sealed Air Corporation, Constantia Flexibles Group GmbH, and others are prominent manufacturers of food packaging profiled in the report. The Tier 1 players in the market hold 15% to 20% share in the food packaging industry.

These key food packaging companies are innovative to introduce novel packaging solutions such as intelligent packaging and antimicrobial packaging to meet evolving end user demand. They are also forming partnerships, alliances, and collaborations as well as implementing merger & acquisition strategy to gain profits.

Recent developments:

  • In June 2023, Mondi plc in collaboration with Syntegon announced the development of new recyclable paper-based packaging.

Food Packaging Market Report

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global food packaging market based on material (plastic, paper, metal, glass), packaging type (flexible food packaging (bags & pouches, films & wraps, labels, stick pack & sachets, others (tubes, etc.)), rigid food packaging (bottles & jars, boxes & cartons, cans, trays, cup & tubs, clamshells, others (blisters, etc.))), application (ready-to-eat meals, dairy products, bakery & confectionery products, fresh produce products, meat seafood & poultry, sauces dressings & condiments, other food products), and regions.

About Future Market Insights Inc. (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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Premium Cosmetics Market Set to Surpass USD 210.92 Billion by 2033: Unveiling the Future of Luxury Beauty Industry

During the forecast period, the global premium cosmetics market is estimated to lead with a CAGR of 6.14% in the global market. Registering a revenue valued at US$ 116.23 Billion in 2023, it is expected to cross US$ 210.92 Billion by 2033.

  • Increasing Demand Due to Fashion Trends:
    • The demand for premium cosmetics is on the rise globally, driven by evolving fashion trends.
  • Growth in Consumer Awareness:
    • There has been a significant increase in consumer awareness regarding cosmetics, leading to a shift from mass-produced to luxury products.
  • Greater Accessibility:
    • Premium cosmetics are becoming more accessible to consumers, contributing to the market growth, particularly with rising disposable incomes.
  • Digitization and Commercialization:
    • The increasing digitization and commercialization of premium cosmetics through various media channels have fueled market expansion.
  • Enhanced Online Access:
    • Greater online access to research and purchase premium cosmetics has further boosted market demand and growth rates.

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Digitalization is one of the primary forces influencing the premium cosmetics market. The increasing prevalence of social media and the internet serves as an important medium for brand recognition. Personalization in cosmetics is a growing consumer trend, aided by the flood of information available online.

Through new ingredients, cutting-edge performance, and attractive packaging, key brands are focused on redefining luxury cosmetics. Key players are also dedicated to animal welfare, having created the vegan replacements for carmine, which is likely to generate market opportunities and expand the global premium cosmetics market size. Regulations on the manufacture and use of premium personal care products have been established by the European Commission Cosmetics Directive (ECCD) and various state government bodies. On the other hand, the China Food and Drug Administration (CFDA) does not permit the use of new unregistered ingredients.

Consumer preferences for imported and branded cosmetics are influenced mostly by brand name, product safety, and price. The availability of a diverse selection of products, together with increased disposable income, is expected to fuel the premium cosmetics market size in the foreseeable future. The increased demand for natural cosmetics is likely to drive the premium cosmetics industry ahead. People feel that natural ingredients are safer for both human health and the environment because chemicals like parabens, phthalates, and sodium lauryl sulfate have been linked to health hazards.

However, the availability of counterfeit cosmetic products, as well as tight government regulations on cosmetics, are projected to impede the growth of the worldwide premium cosmetics market during the forecast period. Moreover, the high cost of premium cosmetic products may restrain the market.

Key Takeaway:

  • During the forecast period, North America is expected to account for the largest share of the global premium cosmetics market. The market in this region is expected to rise owing to the growth of innovative technologies has resulted in the creation of AI-powered mobile applications. Furthermore, key companies are committed to redefining luxury cosmetics through innovative formulae, cutting-edge performance, and appealing packaging.
  • The vitamin supplements market in the Asia Pacific is predicted to develop rapidly, particularly in South Korea and India, during the projected period. This is attributed to players in the premium cosmetics sector relying largely on digital marketing tactics and social media advertising. Furthermore, the companies use high-quality components rather than artificial or synthetic additives.
  • Owing to the increasing usage of sunscreens and body lotions, as well as increased demand for skin-brightening goods, the “skincare” product type is expected to hold the greatest revenue, through the forecast period.
  • As the usage of network access or Wi-Fi connectivity to purchase products is becoming more common., the “online” distribution channel type, accounts for a significant share and is the most preferred type.

Competitive Landscape:

Through technological breakthroughs and numerous innovations, the global premium cosmetics market share is undergoing a transformative phase. The creativity that goes behind the development of premium cosmetics is expected to perpetually attract customers which provides immense opportunities for key providers to capitalize on such booming trends and introduce novel product lines. These factors are anticipated to expand the global premium cosmetics market size. The following companies are key leaders in the global market for premium cosmetics:

  • Oriflame Holding AG
  • Yves Rocher International
  • Avon Products
  • The Procter & Gamble Company
  • Elizabeth Arden Inc.
  • Dior Beauty
  • Chanel Beauty
  • Shiseido
  • L’Oreal
  • Estée Lauder
  • Coty
  • The Unilever Group
  • Maesa Ecommerce Inc.
  • Bare Essentials
  • King Kylie LLC
  • Christian Dior
  • Anastasia Beverly Hills Inc.
  • Stila Styles
  • Huda Beauty
  • MAC Cosmetics
  • Sugar Cosmetics

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Key Segments Profiled in the Premium Cosmetics Market Survey

By Product:

  • Fragrance
  • Makeup
  • Haircare
  • Skincare
  • Others

By Nature:

  • Natural & Organic
  • Conventional

By Gender:

  • Male
  • Female
  • Gender-Neutral

By Distribution Channel:

  • Online
  • Offline

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Bathroom Cabinets Market Set to Expand with an 8% CAGR by 2033 | Says FMI

The global bathroom cabinets market is currently valued at US$ 64.12 Billion and is expected to grow at a CAGR of 8%. Owing to significant design and technological advancements over the past few decades, bathroom cabinets will represent approximately 8% of the global market by 2033.

The future expansion of the bathroom cabinets market is expected to be driven by increasing demand for premium and high-quality products, along with the popularity of designer bathrooms. With consumers placing greater emphasis on aesthetic appearances and cosmetics, the inclusion of mirrors in bathroom cabinets has become increasingly crucial in modern times.

The demand for bathroom wall cabinets is increasing because of the improvements in technology that have made them more durable efficient and having sufficient storage space. Recently, bathroom mirror cabinets with LED lighting are more and more popular. The use of infrared radiation to trigger LED lights has made them much more reliable because they can be controlled from a distance. In addition, corrosion-resistant alloys and LCD clocks have also become very popular recently.

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Due to increasing trends among homeowners toward customized bathrooms that meet each individual’s needs and preferences, homeowners are now looking for unique cabinet designs to accommodate their preferences. As governments invest in infrastructure projects, such as airports, railway stations, buildings, and shopping malls, market growth is also expected.

Residential renovations and remodeling’s, which are increasing throughout developed countries like Germany and the U.S., are expected to contribute significantly to growth in the coming years. As a result, consumers’ attitudes toward different types of bathroom cabinets will change, and the market is expected to grow in the future.

Key Takeaways from the Market Study

  • Mirror bathroom cabinets are expected to grow at a CAGR of 4.6% through 2033.
  • By 2033, the bathroom wall cabinets market is expected to grow at a CAGR of 5.7% during the forecast period.
  • Approximately 73% of the global market is expected to come from the residential segment.
  • Commercial segments are expected to grow at a CAGR of 7% between 2023 and 2033.
  • According to projections, the Asia Pacific bathroom cabinet market will grow by 33% by 2033.

Competitive Landscape

  • Geberit AG
  • Roca Sanitario
  • S.A, Nilkamal Limited
  • Duravit AG
  • Laufen Bathrooms AG
  • W.Scneider+Co AG
  • HiB
  • Emco Group
  • Roper Rhodes Ltd
  • FAB Glass.

Through strategic partnerships, manufacturers can increase production and meet consumer demand, boosting revenue and market share. Using new technologies and products for the purpose of producing natural wood cabinets that will benefit end users. Developing strategic partnerships can help companies expand their production capacities. For instance,

  • Among the largest cabinet manufacturers in the country, Essential Cabinetry Group intends to expand its operations in Greenville County. A $4.75 million investment by the company will result in the creation of 156 new jobs. Investment in Simpsonville, South Carolina is crucial for meeting our customer’s long-term needs, offering new opportunities to employees, and supporting the local community. A total of 750 kitchen and bath suppliers across the country are served by Essential Cabinetry Group, a build-to-order cabinetry manufacturer. There are three brands of cabinetry that are used by the company: Tedd Wood Fine Cabinetry, Executive Cabinetry, and Designers Choice Cabinetry.
  • As an exhibitor at the Kitchen and Bath Industry Show, Kohler is showcasing its latest products for the kitchen and bath sector. Kohler offers luxury design brands, power, and hospitality products. A variety of new products will be presented at the Kohler booth, #W1100, including Kohler Lighting, Sterling, Kallista, Robern, and ANN SACKS. This collection of boldly adorned angular shapes is inspired by the grandeur of French Creole and Spanish Colonial architecture.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the bathroom cabinets market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the bathroom cabinets market analysis report by Type (With Mirror, Without Mirror), by Material (Wood, Metal, Others), by Product (Single Door, Multi Door), by Application (Residential, Commercial) and by Region – Global Forecast 2023-2033

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Key Segments Covered in the Bathroom Cabinets Market Industry Survey

by Type:

  • With Mirror Bathroom Cabinets
  • Without Mirror Bathroom Cabinets

by Material:

  • Bathroom Cabinets in Wood
  • Bathroom Cabinets in Metal
  • Other Bathroom Cabinets

by Product:

  • Single Door Bathroom Cabinets
  • Multi Door Bathroom Cabinets

by Application:

  • Residential Bathroom Cabinets
  • Commercial Bathroom Cabinets

by Region:

  • North America Bathroom Cabinets Market
  • Latin America Bathroom Cabinets Market
  • Europe Bathroom Cabinets Market
  • Asia Pacific Bathroom Cabinets Market
  • MEA Bathroom Cabinets Market

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
LinkedIn| Twitter| Blogs | YouTube