Market Research Blog – Page 1766 – New Product Development

Pancreatic Cancer Market is expected to surpass USD 7,541.09 Million by 2033, growing at a 13.5% annual rate | FMI Study

The fight against pancreatic cancer receives a significant boost as the market for treatment solutions experiences impressive growth. According to industry estimates, the Pancreatic Cancer Market is poised to reach a value of approximately USD 2.13 billion in 2023. This momentum is predicted to continue, with the market projected to surge at a robust Compound Annual Growth Rate (CAGR) of 13.5%. This translates to a staggering market value exceeding USD 7.54 billion by 2033.

Pancreatic cancer, a prevalent and pressing concern, ranks as one of the most frequently diagnosed types of cancer and is currently the seventh leading cause of cancer-related fatalities on a global scale. Notably, the incidence of pancreatic cancer is on the rise, with a pronounced increase observed, particularly in the Western world. Developed regions, in particular, are witnessing a surge in cases of pancreatic adenocarcinoma, with lifestyle factors such as alcohol consumption and obesity playing significant roles in driving this upward trend.

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Pancreatic Cancer Market: Segmentation

Valuable information covered in the FMI’s Pancreatic Cancer market report has been segregated into key segments and sub-segments.

By Treatment Type:

Chemotherapy
Immunotherapy
Hormone Therapy
Surgery
Radiation Therapy
Targeted Drug Therapy
Others

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By Cancer Type:

Endocrine Pancreatic Cancer
Exocrine Pancreatic Cancer

By End User:

Hospitals
Clinics
Diagnostic Laboratories
Research Institutes
Research Laboratories
Others

Pancreatic Cancer Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Pancreatic Cancer market. Competitive information detailed in the Pancreatic Cancer market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, the Pancreatic Cancer market report includes growth strategies and mergers & acquisitions (M&A) activities associated with the players.

Key players covered in the report include:

Pfizer Inc.
Novartis AG
Eli Lily and Company
Bristol Myers Squibb Company
Zydus Cadila
Myriad Genetics Inc.
F-Hoffmann-La Roche Ltd.
PharmaCyte Biotech Inc.
Teva Pharmaceutical Industries Ltd.

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Important Questions Answered in the Pancreatic Cancer Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Pancreatic Cancer market been expanding during the forecast period?
How will the global Pancreatic Cancer market look like by the end of the forecast period?
What innovative strategies are adopted by Pancreatic Cancer market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Pancreatic Cancer market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Pancreatic Cancer 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 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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Non-Small Cell Lung Carcinoma Market is expected to reach USD 21.40 Billion by 2033, Driven by a 10% CAGR | FMI

The fight against Non-Small Cell Lung Carcinoma Market, the most common type of lung cancer, is bolstered by a growing market for treatment options. According to a recent analysis, the global NSCLC market is projected to reach a significant USD 21.4 billion by 2033. This reflects a substantial increase from a market value of USD 8.25 billion in 2023, translating to a robust Compound Annual Growth Rate (CAGR) of 10%.

With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis of Non-Small Cell Lung Carcinoma (NSCLC) market.

FMI offers insights into the market data on over 5000+ drugs from more than 100 countries, which further aids the research on current and upcoming market scenarios for the Non-Small Cell Lung Carcinoma (NSCLC) market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in the medical industry to provide an unbiased analysis for a sound and financial decision.

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Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Non-Small Cell Lung Carcinoma (NSCLC) market. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Non-Small Cell Lung Carcinoma (NSCLC) market. With our extensive research and information about the past, current, and future market scenario, the Non-Small Cell Lung Carcinoma (NSCLC) market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Critical Questions Answered in the Report

What are ongoing trends that will shape the market growth curve for the global Non-Small Cell Lung Carcinoma (NSCLC) market?
What are the drivers and challenges affecting the Non-Small Cell Lung Carcinoma (NSCLC) market demand?
What are the recent technological advancements in the Non-Small Cell Lung Carcinoma (NSCLC) market?
What are key trends and opportunities that will prevail in the revenue growth of Non-Small Cell Lung Carcinoma (NSCLC) market players?
How will evolving regulatory policies impact market growth?
What is the impact of Covid-19 on the Non-Small Cell Lung Carcinoma (NSCLC) market?

Non-Small Cell Lung Carcinoma Market: Segmentation

By Region

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

Detailed analysis of the geographical region and country-wise insights are offered in the latest Non-Small Cell Lung Carcinoma (NSCLC) market report with established market players as well as incumbents in the region.

Key Segments Profiled in the Non-Small Cell Lung Carcinoma Market Survey

Type:

Adenocarcinoma
Squamous Cell Carcinoma
Large Cell Carcinoma
Large Cell Neuroendocrine Tumors

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Treatment:

Chemotherapy
Targeted Therapy
- Bevacizumab (Avastin)
- Nectiumumbab (Portrazza)
- Ramucirumab (Cyramza)
Immunotherapy
- Nivolumab (Opdivo)
- Atezolizumab (Tecentrig)
Others

End User:

Hospitals
Homecare
Specialty Clinics
Others

About Future Market Insights (FMI)

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 based on Source, Application, Sales Channel and End Use over the next 10-years.

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Ice Cream and Frozen Dessert Market is projected to grow at a CAGR of 7.50%, reaching USD 2,83,900.20 million by 2034

Ice cream and frozen desserts have been consumed in our society from the beginning of time. Even during the pandemic, this consumption didn’t plunge, instead, it underwent a rapid surge. The Ice Cream and Frozen Desserts market is valued at US$ 1,38,300 million, as of 2024, has a promising future ahead, thanks to the emergence of artisanal ice cream and DIY parlors in developing and developed economies.

With the growing health-consciousness among the general population, people are increasingly opting for probiotic yogurts and zero-calorie frozen desserts. This is very likely to push the market size to a staggering US$ 283900.2 million by 2034. Consumption has also seen a noticeable surge since people are using protein-rich yogurts as their pre and post-workout meals.

The growing lactose-intolerant population hasn’t really affected the overall progress of this market as brands came up with non-dairy alternatives of people’s favorite flavors and textures. The market is still slated to grow at a healthy CAGR of 7.50% through 2034. Besides this, plant-based and gourmet ice cream options are gradually taking their place in the affluent population’s shopping list.

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Key Takeaways from the Market Study

The ice cream segment dominates the global ice cream and frozen dessert market with a share of 87.30% in 2024.
Based on distribution channels, the hypermarket/supermarkets lead the ice cream and frozen dessert market with a share of 56.90% in 2024.
The ice cream and frozen dessert market in China is anticipated to grow at a CAGR of 3.50% through 2034.
The ice cream and frozen dessert market in Germany is estimated to rise at a 7.00% CAGR through 2034.
The ice cream and frozen dessert market in the United States has the potential to increase at 4.10% CAGR through 2034.
The Japanese ice cream and frozen dessert market is predicted to rise by 4.70% CAGR through 2034.
The ice cream and frozen dessert market in India is very likely to grow at a CAGR of 8.20% through 2034.

“The emergence of food delivery platforms has substantially affected the ice cream and frozen dessert market in a positive manner. Brands must leverage these platforms to reach a wider consumer base,” opines an FMI analyst.

Competitive Landscape

The market for ice creams and frozen desserts is highly competitive with both international and domestic brands vying for dominance.
The emergence of local and artisanal ice cream parlors has diverted a substantial part of the consumer base.
Some of the prominent companies in the market include Baskin-Robbins, Nestle SA, Unilever, Danone Groupe SA, Ben & Jerry’s Homemade Holdings Inc., Cielo USA, Breyers Ice Cream, Casper’s Ice Cream, etc.
These companies have a loyal consumer base due to their prolonged presence in the market.
The sales of probiotic yogurts and low-calorie frozen desserts are likely to experience a surge due to increasing awareness of dietary habits.
Brands are focusing on premium branding and aesthetic packaging to attract the millennial population.

Recent Developments:

Oreo, in March 2024, released a new line of mint-flavored frozen treats with mint creme-flavored dairy desserts and Oreo cookie pieces.
In February 2024, Katoomba Global Foods launched a premium Indian kulfi ice cream range with Australia-made kulfi and India’s Parle G biscuits.
Häagen-Dazs introduced oat-based, vegan-certified frozen desserts in Canada with creamy texture and indulgent flavors in May 2023.
Snoop Dogg and Happi Co., in July 2023, launched Dr. Bombay Ice Cream, inspired by his NFT character, in 3,500 Walmart stores.
Oatly and Carvel partnered to offer dairy-free options nationwide including strawberry soft serve, cookies and cream, and frozen dessert cakes in January 2024.

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Key Segments Covered in the Ice Cream and Frozen Dessert Industry Analysis

By Type:

Frozen Yogurt
Frozen Cakes
Ice Cream
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Others

By Region:

North America
Latin America
Europe
Asia Pacific
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Food Allergy Market Expects to Reach a Major USD 66.15 Billion by 2033, Growing at a 5.2% CAGR | FMI Research

The Food Allergy Market is experiencing significant growth, fueled by rising allergy prevalence and the increasing need for effective treatments. According to a recent analysis, the market is projected to reach a staggering USD 66.15 billion by 2033, with a valuation expected to reach USD 39.83 billion in 2023. This translates to a promising Compound Annual Growth Rate (CAGR) of 5.2%.

Food allergies affect a significant portion of the population, impacting both children and adults. Among those afflicted, 8% are children under five years old, while 4% are adults. Although there is currently no cure for food allergies, some children tend to outgrow them as they mature and gain independence.

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In support of food safety, the FDA offers comprehensive guidance to food producers, consumers, and various stakeholders for assessing and managing allergen hazards in food. The FDA conducts inspections and sampling to ensure proper labeling of major allergens in food products and to verify that food facilities have effective controls in place to prevent cross-contact of allergens during manufacturing and packaging. Furthermore, stringent labeling controls are enforced to prevent the inadvertent inclusion of undeclared allergens.

The FDA maintains a proactive stance on product safety and initiates recalls when issues or problems are identified. This ensures prompt public notification to alert consumers. Beyond recalls, the FDA possesses the authority to seize, remove, and block the entry of products that violate its regulations, both from the marketplace and at the border, serving as a robust safeguard for the nation’s food supply.

Impressive Growth Trajectory: The food allergy market is set to experience significant growth during this period. It is projected to reach a valuation of approximately US$ 39.83 Billion in 2023, and by the end of 2033, it is expected to register a substantial CAGR of 5.2%, aiming for a remarkable US$ 66.15 Billion.
Dominance of Adrenaline Treatment: Adrenaline treatment is poised to be the frontrunner in the food allergy treatment market, accounting for nearly 32% of the global share by 2023. This underscores the importance of effective emergency treatment for food allergies.
Wide Demographic Impact: Food allergies affect a significant portion of the global population, with 8% of those suffering being children under the age of five, and an additional 4% being adults. This highlights the wide-ranging impact of food allergies across different age groups.
No Cure, but Natural Progression: Currently, there is no known cure for food allergies. However, it’s worth noting that some children tend to outgrow their food allergies as they grow older and gain more independence, offering a ray of hope for affected individuals.
FDA’s Vigilant Oversight: The FDA plays a crucial role in ensuring food safety and managing allergen hazards in food products. This includes guidance for food producers, consumers, and stakeholders. The FDA conducts inspections and sampling to ensure proper labeling and controls to prevent allergen cross-contact during manufacturing and packaging.
Recalls and Regulatory Authority: The FDA is proactive in initiating recalls when problems with food products are identified. Beyond recalls, it holds the power to seize, remove, and prevent the entry of products that violate its regulations. This underscores the FDA’s commitment to safeguarding the nation’s food supply.
Growing Awareness and Research: Over this decade, there is likely to be a growing awareness of food allergies, both among consumers and within the medical and food production communities. Research and innovation in the food allergy field are expected to contribute to improved diagnosis, management, and treatment options.
Market Opportunity: The substantial market valuation and growth potential in the food allergy sector present opportunities for healthcare companies, pharmaceuticals, and food manufacturers to invest in research and develop innovative solutions for individuals with food allergies.

Food Allergy Market Key Companies:

Allergy Therapeutics
Astellas Pharma Inc.
Immunomic Therapeutics Inc.
Prota Therapeutics
Aimmune Therapeutics
Aravex
Cambridge Allergy Ltd.
ALS Limited
Charm Sciences
Danaher Corporation

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Key Segments:

Food Allergy Market by Allergen Source:

Gluten
Peanut
Mustard
Milk
Egg
Fish
Others

Food Allergy Market by Treatment:

Antihistamines
Adrenaline
Oral Immunotherapy
Others

Food Allergy Market by End Use:

Clinics
Hospitals
Ambulatory Surgery Centers

Food Allergy Market by Region:

North America Food Allergy Market
Latin America Food Allergy Market
Europe Food Allergy Market
Asia Pacific Food Allergy Market
Middle East & Africa Food Allergy Market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Age Related Molecular Degeneration Market Expects to Reach a Record High of USD 22.19 Million by 2033, at a steady CAGR of 7% | FMI

The fight against the Age Related Molecular Degeneration Market is seeing a promising boost. According to a recent analysis, the global AMD market is estimated to reach USD 22.19 million by 2033, reflecting a significant rise from its current value of USD 11.28 million in 2023. This growth is projected at a steady Compound Annual Growth Rate (CAGR) of 7%.

The increasing prevalence of AMD and a strong product pipeline are anticipated to be the major drivers for the growth of age-related molecular degeneration market. According to the WHO, around 196 million people were affected by age-related macular degeneration globally in 2020, including over 10.4 million moderate-to-severe vision impairment cases.

Globally, advanced age-related macular degeneration is the primary factor in irreversible blindness and visual impairment. As a result, the market for age-related macular degeneration is anticipated to experience significant growth over the forecast period.

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Most severe eye conditions are rising globally, and vision loss is becoming a significant public health issue and increase in the prevalence of the retinal disorder in many developed and developing nations drive market growth. The wet age-related macular degeneration segment is the highest contributor to the market and is expected to grow at a CAGR of 6.9% over the forecast period.

North America dominates the age-related molecular denegation market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region.

The significant R&D investments in Europe abode well for market growth. Growing awareness of macular degeneration in Asia-Pacific and the presence of key market players, and the rising elderly population in Japan all point to significant growth in the Japanese market for age-related molecular degeneration.

Age Related Molecular Degeneration Market Key Takeaways:

As of 2023, the age related molecular degeneration market was valued at US$ 11.28 Million
From 2023 to 2033, the age related molecular degeneration industry is poised to grow at a 7% CAGR
By 2033, the age related molecular degeneration market is slated to reach a valuation of US$ 22.19 Million
By distribution Channel, the hospital pharmacy segment accounted for the largest share of 55% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 6.8% concerning age related molecular degeneration in 2033

“Growing healthcare spending and increase in the prevalence of AMD, retinal disorders are expected to radically transform the age-related molecular degeneration market in the coming years,” comments an analyst at FMI.

Age Related Molecular Degeneration Market Competitive Landscape

Hoffmann-La Roche Ltd., Novartis AG, Bayer AG, Pfizer Inc., Bausch Health Companies Inc., Regeneron Pharmaceuticals Inc., Amgen Inc., Biogen, Samsung Bioepis, Ophthotech Corporation are some of the key players in the age related molecular degeneration industry.

The manufacturers are involved in the production of age related molecular degeneration in a larger capacity. Research and innovation are also conducted to launch innovative product for age related molecular degeneration.

In July 2021 – Roche announced that the U.S. Food and Drug Administration (FDA) has accepted the company’s Biologics License Application (BLA), under Priority Review, for faricimab for the treatment of neovascular or “wet” age-related macular degeneration (nAMD) and diabetic macular edema (DME). The FDA has also accepted the company’s submission for diabetic retinopathy.
In June 2022- Biogen Inc. and Samsung Bioepis Co., Ltd announced that BYOOVIZ a biosimilar referencing LUCENTIS® has been launched in the United States. Healthcare provider engagement, promotional activity, collaborations with professional societies and patient advocacy groups have commenced and BYOOVIZ will be commercially available on July 1, 2022, through major distributors across the U.S.

More Valuable Insights Available

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

The study divulges essential insights on the age related molecular degeneration market by Product (Eylea, Lucentis, Beovu), By Disease Type (Wet AMD, Dry AMD), By Distribution Channel (Hospital Pharmacy, Specialty Pharmacy, Online Pharmacy) by Region – Global Forecast 2023 to 2033

FMIs Domain Knowledge in Healthcare

Our Healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the industrial automation sector. Our expertise in recognizing the challenges and trends impacting the global chemical & material industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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Key Segments Covered in the Age-Related Molecular Degeneration Market Industry Survey

Age Related Molecular Degeneration Market by Product Type:
• Eylea
• Lucentis
• Beovu
• Others

Age Related Molecular Degeneration Market by Disease Type:
• Dry AMD
• Wet AMD

Age Related Molecular Degeneration Market by Distribution Channel:
• Hospital Pharmacy
• Specialty Pharmacy
• Online Pharmacy

Author By:

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Gluten-free Product Market Projected to Expand Steadily at 7.0% CAGR Through 2034

The global gluten-free product market size is poised for significant growth, reaching US$ 5,870 million in 2024. The sales revenue of gluten-free products is expected to witness a robust CAGR of 7.0% from 2024 to 2034. By 2034, the gluten-free product demand is anticipated to attain a valuation of US$ 11,587 million.

The gluten-free market is forecast to expand as a result of the increased prevalence of celiac disease and other illnesses brought on by unhealthy lifestyles. Historically, the gluten-free goods market experienced a CAGR of 6.54% from 2019 to 2023.

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The gluten-free product market is expanding mostly due to the food industry’s increasing demand for gluten-free goods, which is stimulated by consumer awareness of health concerns and gluten-related dietary choices. As more food producers provide gluten-free products, the gluten-free product industry is going to expand to serve a wider range of consumers seeking out gluten substitutes for lifestyle and health-related reasons.

Fewer people actively look for gluten-free products since celiac disease is commonly misdiagnosed. There remains untapped revenue potential in the gluten-free food market because many individuals with gluten-related health issues might not even be aware of their condition. This ignorance constricts the industry’s growth, hindering gluten-free product market expansion and the adoption of gluten-free products.

As more people become aware of gluten-related sensitivity, the global gluten-free goods market presents a significant opportunity. There is an increasing demand for gluten-free products as more people become aware of celiac disease and gluten intolerance. Food manufacturers can provide more products in this niche market and reach a larger audience due to their knowledge. Promoting innovation and the creation of safer, gluten-free food products opens up fresh opportunities for business growth and market diversification.

Regional Outlook

The Asia Pacific gluten-free product marketis expanding due to growing health consciousness and disposable income. The rising incidence of gluten-related illnesses and shifting eating patterns stimulate the demand for gluten-free products.
North America’s market is expanding due to rising customer preference for natural and clean-label products and a boom in the adoption of gluten-free products through retail and online channels.
Growing knowledge of celiac illness and gluten intolerance contributes to a boom in demand for gluten-free substitutes, which is boosting the gluten-sensitive market in

“Growing health consciousness and more knowledge of gluten-related sensitivities are bolstering the gluten-free product market, which continues to expand. The gluten-sensitive market exhibits significant growth potential due to changing dietary choices, a wide range of product options, and increasing consumer demand.”, comments an FMI analyst.

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Key Takeaways

The gluten-free ready meals segment in the product type category to grab a share of 54.3% in 2024.
In the distribution channel category, the convenience stores segment to acquire a market share of 31.2% in 2024.
India gluten-free snacks market is anticipated to strengthen at a CAGR of 8.4% between 2024 and 2034.
China gluten-free diet market is expected to thrive at a CAGR of 7.1% through 2034.
Germany gluten-free product market is envisioned to flourish at a CAGR of 6.6% from 2024 to 2034.
Japan gluten-free product market is likely to exhibit a CAGR of 6.4% through 2034.
The United States sales of gluten-free product is anticipated to surge at a CAGR of 5.2% through 2034.

Competitive Landscape

Prominent gluten-free product manufacturers are making significant investments in research and development to broaden their product offerings, contributing to the continued market growth. The gluten-free product producers are engaging in a range of calculated strategic actions to increase their market share.

Notable changes in the gluten-free product market include introducing new products, partnerships, mergers and acquisitions, and joint ventures. The demand for gluten-free food is becoming increasingly competitive, and to grow and thrive, the business needs to provide affordable products.

Latest Developments

High-end cookie company Last Crumb debuted its first range of gluten-free cookies in October 2023. Similar to their standard non-gluten-free items, the gluten-free range was available online in April in limited numbers to customers who registered on the brand’s website.
After several years of selling directly to customers, Gluten Free Easy, a women-owned and controlled business, released its products for retail distribution in July 2023. Pizza dough, pita dough, and puff pastry squares and sheets are just a few of the gluten-free frozen dough goods that Gluten-Free Easy specializes in.
In December 2021, a firm based in India named Wild Drum released clear, carbonated, gluten-free hard seltzers. These drinks are enriched with authentic fruit flavorings. Wild Drum sells refreshing drinks in pure lemon-mint and mango flavors.
KRBL Limited, the nation’s first integrated rice manufacturer, launched “India Gate Rice Flour” in April 2021 under the FMCG (wholesome grain, oil, and oil goods) category. Rice flour is a smooth, fine, gluten-free product that replaces other common flours.

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Key Segments

By Product Type:

Baby Food
Pasta
Bakery Products
Ready Meals

By Distribution Channel:

Specialty Stores
Convenience Stores
Drugstore/Pharmacy
Hotels & Restaurants
Other Distribution Channels

By Region:

North America
Latin America
Europe
Asia Pacific
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.

Global Food Thickeners Market Poised for Remarkable Growth, Expected to Reach USD 24,469.6 Million by 2032 | Future Market Insights Inc.

The global food thickeners market is projected to amass a value of US$ 24,469.6 million by 2032, with sales growing at a moderate CAGR of 5.5% from 2022 to 2032. Valued at US$ 14,324.2 million in 2022, the market will present steady growth during the forecast period. Increasing demand for convenience foods along with rising awareness of healthy eating will propel the food thickeners market forward over the forecast period. The growing popularity of healthy lifestyles and increasing knowledge of the benefits associated with the use of food thickeners will further aid the growth of the food thickeners market.

The addition of food thickeners to beverages results in the absorption of the fluid by thickeners and beverage plumps. When the thickener decomposes, the setting action reverses, and nearly all of the water in the beverage is available as a fluid that the body can absorb. It is used in food and beverage products to absorb fluid and thicken it. Food thickeners are used in the food and beverage sector to enhance the viscosity of products such as puddings and sauces, in conjunction with other ingredients like gelatin, eggs, and starches like flour, rice flour, cornstarch, and arrowroot. Thus, extensive use of food thickeners in the food sector and the expansion of the food and beverage industry will facilitate the growth of the food thickeners market.

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Rapid urbanization has resulted in shifts in consumer lifestyle and preferences which, in turn, is expected to have a positive impact on the sales of the food thickeners market. This is owing to surging demand for convenience food which encourages greater application of food thickeners. Increasing spending on ready-to-eat snacks, protein-rich items, and nutritional food products will also spur the demand for food thickeners. Other factors like rising disposable income, a wider consumer base, and increasing demand for non-alcoholic beverages like fruit juice and energy drinks will escalate the expansion of the food thickeners market size. The market will also face certain challenges like an expensive manufacturing process and alterations in raw materials. Though the food thickeners market has a bright future, these aforementioned factors will hamper the growth of the market.

Key Takeaways:

The presence of a well-established food and beverage industry in the US and Canada will drive the growth of the food thickeners market in North America, resulting in the ownership of 26.4% of the market share.
In 2022, Europe’s food thickeners market held about 22.4% of the overall market share.
Increasing consumption of different types of food thickeners will drive the market in Asia Pacific.
By application, the bakery category will remain popular with a share of 25% in 2020.
Based on type, animal-based food thickeners will grow at 6% CAGR during the assessment period.

Competitive Landscape

Tate & Lyle, Bioriginal, Cargill, CP Kelco, and Nestle Health Science, among others, are a few of the significant participants in the food thickeners market profiled in the full version of the report.

In a competitive environment, dominant market players are concentrating on product development and innovation so as to launch novel products. These businesses also engage in expansion strategies, partnerships, collaborations, acquisitions, and mergers to increase sales and market position. For instance, Tate & Lyle expanded their line of tapioca-based starches in January 2021.

More Insights Into Food Thickeners Market

FMI offers an unbiased analysis of the global food thickeners market, providing historical data from 20 to 202 and forecast statistics for 2022 to 2032. In its latest report, FMI offers a complete breakdown of a ten-year sales prospect, market drivers, restraints, opportunities, and trends. For a better understanding of the global market potential, growth, and scope, the market is segmented on the basis of type, source, application, form, and region.

According to the report, based on segmentation, animal-based food thickeners like gelatin and collagen will remain a popular choice, particularly in the bakery sector. This segment will grow at a CAGR of 6%. In terms of application, the bakery segment will dominate the global marketplace. Based on region, the food thickeners market in North America will present impressive growth. The presence of several multinational food fabrication and processing companies and the highly-developed food and beverage industry will drive the growth of the thickeners market in North America. Europe and Asia Pacific will also contribute to the global growth of the food thickeners market.

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Key Segments Profiled in the Food Thickeners Market Report

Food Thickeners Market by Type:

Hydrocolloids-based Food Thickeners
Protein-based Food Thickeners
Starch-based Food Thickeners

Food Thickeners Market by Source:

Plant-based Food Thickeners
Animal-based Food Thickeners
Microbial-based Food Thickeners

Food Thickeners Market by Form:

Food Thickeners Gel Type
Food Thickener Powder

Food Thickeners Market by Application:

Food Thickeners for Bakery Items
Food Thickeners for Confectionery
Food Thickeners for Sauces
Food Thickeners for Dressings
Food Thickeners for Gravies
Food Thickeners for Beverages
Food Thickeners for Dairy & Frozen Products
Food Thickeners for Convenience & Processed Foods

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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.

Canned Pasta Market Surges with Anticipated 4.7% Annual Growth, Poised to Hit USD 1,993 Million by 2033

The market for canned pasta is expected to achieve a spectacular valuation of US$ 1,993 million by 2033 and is now on a tasty trend. The market is driven by the rising demand for convenient and ready-to-eat food products, which is expected to rise at a steady compound annual growth rate (CAGR) of 4.7% between 2023 and 2033.

Consumers are looking for hassle-free meal alternatives that don’t sacrifice flavor as busy lifestyles become the norm. The industry is also growing as a result of consumers’ increased knowledge of the importance of making healthy decisions and rising disposable incomes in developing nations. The tinned pasta sector is poised to dominate consumer tastes as the world embraces the union of convenience and mouthwatering flavors.

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Key Takeaways

With a sizeable market share of 26.5%, the United States commands a hefty portion of the canned pasta market. This can be ascribed to customers’ busy lifestyles and preferences for quick and easy dinner options.
Germany has a substantial market share of 7.9%, demonstrating the country’s favorable demand for canned pasta. Changes in nutritional preferences and the demand for quick-meal options on the go are probably the main drivers of the German market.
With a 4.0% market share, Japan demonstrates how consumers are coming around to canned pasta. The growing Western culinary influence and the popularity of convenience foods in the Japanese market explain this.
The 1.9% market share for Australia indicates a sporadic presence of canned pasta. But the market is anticipated to rise because of things like escalating urbanization, hectic lifestyles, and the demand for quick meals.
China and India have market shares of 11.9% and 6.3%, respectively, both have considerable market potential. The demand for quick food options like canned spaghetti is projected to expand considerably as these economies continue to face rapid urbanization and a change in consumer preferences.
With a 5.6% market share, the United Kingdom is a significant market for canned pasta products. Things like the demand for quick dinner options and the growing recognition of pasta as a versatile food in British cooking explain this.

Competitive Landscape

The market for canned pasta is characterized by intense competition, with many significant companies vying for market share while maintaining strong brand recognition and sizable distribution networks. To captivate customers’ interest and earn their loyalty, these businesses work tirelessly to create and sell their goods in a compelling way.

The industry does, however, also present a number of difficulties, including the high cost of marketing efforts, the accessibility of alternatives like fresh or frozen pasta, and the constantly changing preferences of consumers. Although businesses must negotiate the fierce competition to secure their position and draw in discriminating consumers looking for quick and delectable meal options, the canned pasta market is still profitable despite these obstacles.

Barilla

Barilla is the world’s top pasta producer with a well-known brand in more than 100 countries. The business sells a variety of canned pasta products, such as plain pasta, pasta with flavors, and pasta salad.

Kraft Heinz

Kraft Heinz is a significant food and beverage corporation with a wide range of canned pasta brands, including Classico, Bertolli, and Contadina. Among the canned pasta goods available from the company are sauces, soups, and side dishes.

Nestle

Buitoni, Stouffer’s, and Lean Cuisine are just a few of the many canned pasta brands produced by the multinational food and beverage business Nestle. Among the canned pasta goods available from the company are sauces, soups, and meals.

General Mills

Progresso, Green Giant, and Old El Paso are just a few of the well-known canned pasta brands owned by General Mills, a significant food corporation. Among the canned pasta goods available from the company are sauces, soups, and side dishes.

Key Developments

The demand for healthier canned pasta options has increased as a result of rising health consciousness among consumers. To appeal to consumers who are health-conscious, businesses are actively creating products with fewer calories, fat, and sodium. This is boosting market growth and expanding product portfolios.
Manufacturers of canned pasta are becoming more prevalent in online markets in an effort to reach a larger consumer base and improve accessibility. The popularity of internet shopping among customers for the purchase of canned pasta products has fueled industry expansion and created new channels for distribution.

Key Companies Profiled are

KIRIL MISCHEFF Group
Pasta Foods Ltd.
Primo Foods
General Mills Inc.
Conagra Brands
Campbell Soup Company
Grown Food LLC
Julia’s Farm
Others

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Canned Pasta Market Outlook by Category

By Product Type:

Spaghetti
Fettuccine/Linguine
Angel Hair
Elbows
Rotini & Twists
Penne & Ziti
Bow Ties
Others

By Source:

Wheat
Rice
Buckwheat
Oats
Others

By Distribution Channel:

Hypermarkets/Supermarkets
Convenience Stores
Departmental Stores
Traditional Grocery Stores
Online Retail Stores
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Canned Meat Market Projected to Surpass USD 25 Billion by 2033, Reports FMI

In 2023, the canned meat market is anticipated to reach a market value of US$ 13,644.8 million. The market is projected to surpass US$ 25,405.5 million in 2033, expanding at a CAGR of 6.8% during the forecast period. This mainly concerns the growing demand for protein-rich food and convenient foods. Along with protein, it has other nutrients such as omega-3, fibers, and micronutrients. It is an ideal option for consumers with busy lifestyles. fibres, and other micronutrients. It is an ideal option for consumers with busy lifestyles.

What are the Key Takeaways from the Canned Meat Market?

According to FMI, the United States market is expanding at a CAGR of 6% due to the increasing demand for protein in 2022.
The German market is anticipated to be growing at a CAGR of 9% in the year 2022
The Japanese market is showing promise of growing to a CAGR of 5% in the same year.
FMI observed that the market of Australia grew at a CAGR of 0% in 2022
The Chinese market expanded at a CAGR of 9% in 2022 due to consumer awareness of sustainable products. in 2022, due to consumer awareness towards sustainable products.
India showed a CAGR of 2% in 2022 due to the combined causes of sustainability and a growing consumer preference for protein-rich items. in 2022, as the effect of the combined causes of sustainability and a growing consumer preference for protein-rich items.
The United Kingdom market inflated at a CAGR of 6% in 2022, based on research done by FMI. This lower CAGR is due to price and availability fluctuations.

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How is the Competition in the Canned Meat Market?

Some established players in the market, along with a few start-ups. The leading players are in a fiercely competitive market with one another. The industry is expanding and moving towards sustainability, which presents an opportunity for them to gain sales and follow the shifting trends in the market.

How are the Key Players from the Market Performing?

Hormel Foods Corp.

Hormel chunk meats are completely cooked and use completely real meat. It can be used in almost all food products, such as soups, nachos, and tacos. Their goal is to make meats that fit the busy lifestyles the consumers of today follow. These meats are perfect for quick and tasty meals that can be enjoyed by everyone. They offer salmon, chicken, bacon, breakfast sausage, and beef. They also produce the popular canned meat called SPAM, which has fed families for over 80 years. It can be used in almost all food products such as soups, nachos, and tacos. Their goal is to make meats that fit the busy lifestyles the consumers of today follow. These meats are perfect for quick and tasty meals that can be enjoyed by everyone. They offer salmon, chicken, bacon, breakfast sausage, beef and many more. They also produce the popular canned meat called SPAM, which has been feeding families for more than 80 years.

Tyson Foods Inc.

Tyson Foods Inc. goes beyond offering only canned meat in one variety. They provide consumers with a wide selection of products such as Premium chunk white meat canned chicken, chunk white chicken pouch, hickory smoked bacon, applewood smoked bacon, along with frozen steak fingers, cook-in-bag meats, and grilled and ready chicken, along with many other products. Their attempts to put the safety of their consumers first. They emphasize safety not only for consumers but also for their staff. They also own Hillshire Farms, BallPark, State Fair, and many more brands.

Wild Planet Foods

Wild Planet Foods sources its meat from sustainable sources and offers healthy food. It is rich in protein and without filer, and their canned seafood is pole and line, troll, or handline caught. It is also hand cut, packed, and cooked directly in the can. The meat retains its nutritional benefits nonetheless. They provide a range of canned seafood meats such as canned tuna, yellowtail, sardines, anchovies, and salmon. They also present a range of other meats such as bacon, chicken, beef, and many others.

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Segmentation of the Market

By Meat Type:

Beef
Seafood
Poultry
Pork
Others

By Distribution Channel:

Supermarket & Hypermarket
Specialty Store
Online
Others

By Region:

North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fruit Pectin Market to Surge, Expected to Hit USD 1,470.5 Million by 2032 with 5.6% Annual Growth

The fruit pectin market is witnessing growth due to its versatile applications in the food and beverage industry. Extracted from fruits like apples and citrus, pectin is a natural gelling agent and thickener used in jams, jellies, and confectionery. Its demand is driven by the rising preference for natural and clean-label ingredients. Additionally, the health-conscious consumer base is attracted to pectin’s dietary fiber content and potential cholesterol-lowering benefits.

The global fruit pectin market was worth US$ 942.6 Million in the year 2022 and is expected to reach US$ 1,470.5 million in 2032 at a CAGR of 5.6% between 2022 and 2032.

Greenhouse gas emissions could be reduced by disposing off waste in landfills; but only after high-value compounds such as pectin along with the other bioactive chemicals are extracted from fruit processing waste. This extraction process ought to be environmentally-friendly, cost-effective, and long-lasting. In other words, just using waste does not suffice. Plus, it’s important to look through sustainability challenges of the existing process from life cycle perspective.

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With rising demand for dairy drinks abreast with fruit flavors, the fruit pectin market is all set to create wonders in the food and beverages vertical going forward. The customers looking out for new, cutting-edge items providing label-friendly and vegan choices could definitely expect a treat over here. The sectors primarily asking for fruit pectin include food supplements, beverages, pharmaceuticals, and baking. They are actually replacing traditionally employed materials with healthful and organic goods. Both – households and businesses are asking for home-made fruit pectin.

These days, pectin as well as pectin-derived oligosaccharides are used as vital ingredients in various functional foods. They are inclusive of fruit pectin as well. The fruit pectin generally in use is derived from apple. Research states that around 15-20% of the apple pulp contains this functional ingredient. The basic advantages of apple-based pectin include maintaining gut microbiome, weight loss, regulation of blood sugar levels, and maintenance of healthy heart. Those with 5-20 grams’ intake of apple pectin combined with orange juice have been reported to experience being ‘full’.

At the same time, the fact that processing costs of fruit pectin are high can’t be ignored.

Future Market Insights has entailed these findings with future prospects in its latest market study entitled ‘Fruit Pectin Market’. Its team of analysts and consultants is there to execute with its eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With eco-friendliness on the anvil, the global fruit pectin market is expected to grow on a stupendous note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Fruit Pectin Market

North America holds the largest market share due to the US being subject to higher intake of processed food along with growing demand for sugar-free products and diet carbonated drinks.
Europe stands second in line due to growing inclination toward organic, natural, and environmentally-friendly products. The other reason is the fact that hydrocolloids are being increasingly used to control aqueous foods’ thickening and gelling properties.
The Asia-Pacific is expected to grow at a rapid pace in the fruit pectin market in the forecast period due to higher demand for natural personal care items with cosmetics.

Competitive Fruit Pectin

Nestle Health Science, in August 2021, did announce acquiring the core brands of The Bountiful Company; inclusive of Nature’s Bounty, Osteo Bi-Flex, Solgar, Puritan’s Pride, Sundown, and Ester-C.
CP Kelco, in April 2021, did announce launching a novel multimedia resource to spotlight its capabilities into action. It helps the manufacturers in personal care, home, food and beverage verticals grasp market trends.
Cargill, in January 2022, did open the Cargill Innovation Center in Gurugram (Haryana, India) for developing innovative solutions that could address food & beverage market.
CP Kelco, in November 2021, did announce expansion of its manufacturing unit by 15% for enhancing pectin supply of low methyl ester; which is used as a gelling agent for jams, jellies, drinking yogurts, and fruit segments for preparation.

What does the Report say?

The research study is based on form (dry fruit pectin and liquid fruit pectin), by application (fruit pectin for bakery toppings and fillings, fruit pectin for beverages, fruit pectin for food supplements, fruit pectin for dairy & frozen products, fruit pectin for pharmaceuticals, and fruit pectin for other applications), by function (fruit pectin as thickeners, fruit pectin as fat replacers, fruit pectin as stabilizers, fruit pectin as gelling agents, fruit pectin as detoxification agents, fruit pectin as coatings, and fruit pectin as functions), and by end-user (fruit pectin for the food & beverage industry, fruit pectin for the personal care & cosmetics industry, fruit pectin for the healthcare industry, and fruit pectin for other end-users).
With growing trend toward reduced sugar and label-friendly formulations, the global fruit pectin market is bound to grow on a vigorous note in the forecast period.

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Key Segments Profiled in the Fruit Pectin Industry Survey

Fruit Pectin Market by Form:

Dry Fruit Pectin
Liquid Fruit Pectin

Fruit Pectin Market by Application:

Fruit Pectin for Bakery Toppings and Fillings
Fruit Pectin for Beverages
Fruit Pectin for Food Supplements
Fruit Pectin for Dairy & Frozen Products
Fruit Pectin for Pharmaceuticals
Fruit Pectin for Other Applications

Fruit Pectin Market by Function:

Fruit Pectin as Thickeners
Fruit Pectin as Fat Replacers
Fruit Pectin as Stabilizers
Fruit Pectin as Gelling Agents
Fruit Pectin as Detoxification Agents
Fruit Pectin as Coatings
Fruit Pectin for Other Functions

Fruit Pectin Market by End User:

Fruit Pectin for the Food & Beverage Industry
Fruit Pectin for the Personal Care & Cosmetics Industry
Fruit Pectin for the Healthcare Industry
Fruit Pectin for Other End Users

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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