Market Research Blog – Page 1775 – New Product Development

High Purity Solvents Market Projected to Grow at 7.45% CAGR, Reaching USD 7.45 Billion by 2033

The global high-purity solvents market is anticipated to witness substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 7.45% from 2023 to 2033. In 2023, the market size for solvents stood at USD 3.63 billion, and it is expected to more than double, reaching USD 7.45 billion by 2033. This robust growth is attributed to increasing industrial applications, technological advancements, and a rising demand for high-quality solvents across various sectors.

High purity solvents play a pivotal role in various industries, serving as essential components in research, manufacturing, and analytical processes. These solvents, characterized by their minimal impurity levels, find applications in pharmaceuticals, electronics, biotechnology, and analytical chemistry. The high purity solvents market has witnessed substantial growth in recent years, driven by increasing demand for precision in manufacturing and research activities across diverse sectors.

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Key Drivers:

Rising Demand in Pharmaceuticals and Biotechnology: High purity solvents are indispensable in pharmaceutical and biotechnology sectors, where precision and purity are paramount. These solvents are extensively used in drug synthesis, chromatography, and other critical processes, contributing to the market’s robust growth.
Advancements in Analytical Techniques: With continuous advancements in analytical techniques such as chromatography and spectroscopy, the demand for high purity solvents has surged. These solvents ensure accurate and reproducible results in analytical procedures, driving their adoption in laboratories and research facilities.
Stringent Quality Standards: Increasing awareness and adherence to stringent quality standards across industries have fueled the demand for high purity solvents. Manufacturers seek solvents with minimal impurities to ensure the integrity of their products and compliance with regulatory requirements.
Growing Focus on Green Solvents: The market is witnessing a shift towards environmentally friendly or green solvents, driven by the global emphasis on sustainability. Manufacturers are developing high purity solvents with reduced environmental impact, meeting the demands of eco-conscious industries.

High-Purity Solvents Market: Key Players

Exxon Mobil Corporation
BASF SE
Asahi Kasei Corporation
Linde
Thermo Fisher Scientific Inc.
High Purity Laboratory Chemicals Pvt. Ltd.
Dow
Apchem Pvt. Ltd.
Evonik Industries AG
Merck KGaA

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High-Purity Solvents Market: Segmentation

By Type:

Spectrophotometric Solvents
UHPLC and LC/MS Solvents
HPLC Solvents
GC Solvents
Others

By Category:

Polar Solvent
Non-Polar Solvent

By Applications:

Liquid Crystal Displays
Lithium-Ion Batteries
Electroplating
Polymer Resins
Catalysts
Others

By End-User:

Pharmaceutical and Biopharmaceutical
Chemicals
Cosmetics & Personal Care
Food & Beverage
Agriculture
Paints & Coatings
Biotechnology
Electrical & Electronics
Others

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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 ~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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Natural Food Preservatives Market Set to Surge to USD 856.1 Million by 2032 | FMI

The market size for natural food preservatives is anticipated to develop at a compound annual growth rate of 7% from 2022 to 2032, from a projected valuation of USD 435.2 million in 2022 to USD 856.1 million by 2032.

Increased demand for convenience items, along with an emphasis on organic food products, has resulted in a growing preference for long-lasting foods. As a result, natural food preservatives have become more popular than ever. Natural food preservative sales are expected to grow from 484.2 million US dollars at the end of 2018 to 796.5 million US dollars by 2028. The rapidly expanding consumption of packaged and processed goods is a crucial driver of revenue growth for the global firm.

People’s eating habits have changed as a result of urbanisation and fast-paced lifestyles, which make packaged and ready-to-eat foods more available. To enhance shelf life and prevent disintegration, processed food and beverage commodities must be stored using proper techniques and safe additives. As a result, demand for natural food preservatives is growing.

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Because of the negative effects of chemical compounds used in the preparation and processing of food and beverage commodities, the food and beverage industry is changing towards the use of natural food components. Because of the negative health effects of chemical additives, food and beverage companies are switching from synthetic to safer, natural food preservatives. The tough laws against the use of synthetic food additives established by governments around the world have also resulted in a prohibition on synthetic food preservatives in the F&B industry. This is yet another important factor driving the global growth of the natural food preservatives market.

Natural Food Preservatives Market Not Devoid of Challenges; Manufacturers Struggle to Contain Costs and Battle Latest and More Advanced Food Preservation Technologies

Although using natural food preservatives is beneficial for the general public’s health, the cost can be a major obstacle to the market’s long-term growth. Natural food preservatives are more expensive than synthetic alternatives since they require greater processing and production expenditures. Many mid-sized and small F&B industry companies limit their production to the use of synthetic and chemical-based preservatives due to cost reasons. The necessity for producers of packaged and processed foods to keep manufacturing costs in check is a significant revenue growth restraint in the global market for natural food preservatives.

Raw material pricing is another revenue puller. Natural food preservatives obtained from vegetables, fruits, and certain types of plants are priced according to the availability and production of raw material. Fluctuating prices of raw material impact operational efficiencies in the natural food preservatives market. Impact of unfavourable weather conditions on the availability of raw material further leads to inconsistent output, as most of the natural food preservatives are sourced from plants.

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Key Segments

Global Natural Food Preservatives Market – By Source

Plant
Animal
Microbial
Mineral

Global Natural Food Preservatives Market – By Product Type

Microbial Derived
Nisin
Natamycin
Rosemary Extract
Botanical Extracts
Natural Acids
Salts

Global Natural Food Preservatives Market – By Form

Powder/Granules
Liquid

Global Natural Food Preservatives Market – By End Use

Bakery
Confectionery
Dairy Products
Yogurt & Sour Cream
Cheese & Butter
Soups
Beverages
Dairy-based
Plant-based
Juices
Snacks
Jams & Spreads
Meat, Fish, & Poultry Products
Sauces & Dressings

Global Natural Food Preservatives Market – By Region

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

Another challenge being witnessed in the global market for natural food preservatives is the emergence of newer and more advanced food preservation technologies that might render traditional preservation techniques obsolete in the near future. Techniques such as High-pressure Processing (HPP) – a cold pasteurisation technique that increases shelf life of food products and Pulsed Electric Fields (PEF) – a non-thermal technique that protects food from microbial spoilage through electric pulses are fast gaining traction in the natural food preservatives market. Older methods of preserving food using natural plant-derived preservatives is slowly losing significance, and this is expected to restrain revenue growth of the natural food preservatives market to a certain extent.

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

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Global Food Thickening Agents Market Set to Exceed USD 3.93 Billion by 2033, According to FMI Analysis

By 2033, the food thickening agents market could be worth more than US$ 3.93 billion, compared to US$ 2.70 billion in 2023, according to FMI’s estimations. The market is probably going to show a moderate CAGR of 4% over this evaluation period.

The food and beverage industry has been going through an innovation period due to the client demand for nutritious and delectable ingredients. Companies have been driven by the convergence of technology and the food and beverage sector to improve the appeal of their goods. They also intend to offer high-quality solutions that are reasonably priced.

The food-thickening agents market is primarily driven by increased consumer awareness of contemporary culinary products, easy accessibility, and quickly changing lifestyles. Increased consumption of processed foods, growing consumer awareness of a healthy diet, and stricter governmental food regulations are projected to emerge as significant factors driving consumption throughout the projection period.

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The food and beverage sectors have been quite supportive of the clean-labeling movement. Businesses are focusing on creating clean-label products for the market as a consequence. Therefore, the demand for food-thickening agents derived from organic resources, such as plants and seaweeds, has increased.

The rising demand for food-thickening agents from the obese and diabetic populations is another key reason for their rising popularity. Since people now consider their health to be a primary concern, there has been a discernible movement in consumer preference away from items that include fat.

Given their ability to substitute calories with fat, thickening agents like starches and gums are becoming extremely prevalent as fat alternatives. This has increased consumer appetite for these products and has had an impact on this market in particular.

Food thickening agents were initially used as a crucial component in the bakery sector. There is a strong demand for bread and other bakery items worldwide that mandates the application of thickeners during manufacturing. The market is moving forward as a result of these key aspects.

Key Takeaways

The market in the United Kingdom is anticipated to exhibit a CAGR of 6.3% through 2033.
The United States dominated the market in 2022 holding a 14.2% share of the global market.
Registering a CAGR of 31.4% over the forecast period, the market in India is predicted to develop rapidly.
The market in China is expected to proliferate significantly, registering a CAGR of 5.5% over the forecast period.
Germany accounted for 5.8% of the global market in 2022.

Competitive Landscape

Manufacturers in the food-thickening agents market are putting great emphasis on research and development activities to provide novel and sustainable solutions. In order to meet customer expectations for clean label, natural, and plant-based solutions, they are also investing in innovative technologies and formulations. They aim to enhance the functionality and performance of food thickening agents. Manufacturers are also concentrating on delivering personalized solutions for wide-ranging food applications. Additionally, to increase their market presence and adapt to changing customer tastes, they are constantly investigating strategic alliances and collaborations.

According to the market research Cargill Inc., Ingredion Incorporated., Archer Daniels Midland Company, Kerry Group plc, DuPont de Nemours Inc., Tate & Lyle PLC, TIC Gums, Inc., CP Kelco, Medline Industries Inc., Fuerst Day Lawson Limited, are among the key players in the food thickening agents market.

Recent Developments

In January 2021, Tate & Lyle added more tapioca-based starches to their lineup. The extension includes the recent thickening starches REZISTA MAX and gelling starches BRIOGEL. This has helped the business grow its line of products.

In November 2020, Ingredion Incorporated obtained Verdient Foods Inc. With the support of this takeover, the business turns more capable of improving its overall sales, expanding its manufacturing capacity, and collaborating with other companies to fulfill the growing demand for plant-based food thickeners.

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Key Segments Covered in the Food thickening agents market

By Source:

Plant
- Guar Gum
- Gum Arabic
- Locust Bean Gum
- Pectin
- Starches
- Other Plant Sources
Seaweed
- Carrageenan
- Agar
- Alginate
Microbial
- Gellan Gum
- Curdlan
- Xanthan Gum
Animal (Gelatine)
Synthetic
- Carboxy Methyl Cellulose
- Methyl Cellulose

By Application:

Bakery & Confectionery
Meat & Poultry
Sauces & Dressings
Beverages
Dairy Products
Other Applications

By Region:

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

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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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Naturally Derived Sweeteners Market to Expand with 5.9% CAGR through 2032, Finds FMI Report

The Naturally Derived Sweeteners Market refers to the industry that deals with the production, distribution, and consumption of sweeteners derived from natural sources. These sweeteners are typically obtained from plants or other natural sources and are used as alternatives to artificial sweeteners, such as aspartame or saccharin.

The naturally derived sweeteners market is anticipated to develop at a CAGR of 5.9% from 2022 to 2032, reaching a worth of USD 9.6 billion in 2022 and surpassing USD 17 billion in 2032.

In recent years, the global natural sweeteners market has seen increasing trends. The growth of this industry is primarily driven by an increase in consumer health consciousness, which encourages demand for healthier food options, an increase in demand for natural sweeteners due to a shift in consumer preferences toward organic products, and a growing demand for alternatives of sugar in a variety of food and beverage applications.

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Ascending consumer awareness about the consumption of naturally derived food ingredients is expected to continue underpinning the demand for naturally derived sweeteners over the upcoming years. Being perceived as a potential replacement to conventional sugars, naturally derived sweeteners are likely to demonstrate promising consumption through the next decade. High traction for plant-based sweeteners or those sweetening agents that contain only naturally sourced ingredients is expected to create several opportunities in the consolidated marketplace of naturally derived sweeteners. Furthermore, several governments are extending financial support to encourage natural ingredient cultivation, creating a favorable scenario for farmers especially in developing countries.

Competition Landscape: Top Modified Naturally Derived Sweeteners Manufacturers

According to the market research E. I. du Pont de Nemours Company, Archer Daniels Midland Company, Merisant Company, Tate & Lyle PLC, Cargill, Madhava Natural Sweeteners, PureCircle Limited, Herboveda India Pvt. Ltd.

GLG Lifetech Corporation Wisdom Natural Brands (SweetLeaf Stevia), are among the key players in the naturally derived sweeteners market.

Because of the rising prevalence of diabetes and obesity among consumers around the world, there is a significant increase in demand for low-calorie and sugar-free products, which is expected to boost the growth of the Naturally Derived Sweeteners Market.

Global Naturally Derived Sweeteners Market Segmentation

By Product Type:

Stevia
Palm Sugar
Coconut Sugar
Honey
Maple Syrup
Monk Fruit Sugar
Agave Syrup
Lucuma Fruit Sugar
Molasses
Natural Sweetener Blends

By Form:

Powder
Liquid
Crystals

By Nature:

Organic
Conventional

By End Use:

Food
- Bakery Goods
- Sweet Spreads
- Confectionery
- Dairy Products
- Canned Food
- Others
Beverages
- Powdered Drinks and Mixes
- Carbonated Drinks
- Fruit Drinks & Juice
- Others
Personal Care
Pharmaceuticals
Tabletop Sweetener

Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

Region:

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

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Frequently Asked Questions

How much is the naturally derived sweeteners market current worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What is boosting naturally derived sweeteners sales?
How are market players reacting to the new developments in the market?
How much share does the top 5 companies hold?
Which are the major countries driving demand for naturally derived sweeteners?
Who are the major players in naturally derived sweeteners market?
What outlook does East Asia provide?
At what rate will the U.S. naturally derived sweeteners market grow?

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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 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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Emerging Trends in Health and Wellness: Vitamin C Ingredients Market Projected to Grow at 5.6% CAGR Until 2033

According to an industry report, the vitamin C ingredients Market is expected to generate US$ 2,704 million by 2023. Estimates indicate the market is forecast to reach US$ 4,657.5 million between 2023 and 2033, representing a CAGR of 5.6%. The rising incidence of cardiovascular diseases and increasing demand for skin care products are expected to drive the market for vitamin C ingredients.

Companies that manufacture food, beverages, and dietary supplements may experience fluctuations in demand due to changes in consumer preferences, health trends, and research on its benefits. Since Vitamin C is a well-known antioxidant and contributes to the immune system, it has historically been in high demand. Water-soluble vitamins like this need to be replenished regularly through diet or supplements in order for the human body to store them. In addition to being found in many fruits and vegetables, vitamin C is also commonly found in food and beverage products, cosmetics, and dietary supplements.

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Several studies have suggested that vitamin C can be beneficial to heart health, especially when consumed in moderation. In addition to lowering blood pressure and reducing LDL cholesterol, it improves endothelial function, the key to a healthy circulatory system. Increasing stress levels and the occurrence of cancers are expected to grow the demand for vitamin C ingredients in the market. In studies, it has been proven that high doses of vitamin C could reduce the body’s stress response and reduce overall cortisol production.

Key Takeaways from the Market Study

Between 2023 and 2033, the vitamin C ingredients market is likely to experience a CAGR of 5.6%.
Based on the report, the vitamin C ingredients market experienced a growth rate of 2.4% between 2018 and 2022.
The United States held 22.8% of the vitamin C ingredients market share in 2022.
With strong growth over the past few years, China accounted for a 7.9% CAGR in 2022.
According to estimates, Japan held a market share of 3.6% in 2022.
A 4% share of the global market for vitamin C ingredients was contributed by the German market in 2022.
By 2022, the United Kingdom represented a 3.8% revenue share in the vitamin C ingredient sales in the market.

“With chronic diseases on the rise and new products entering the market, the market is expected to see a growth in demand for vitamin C ingredients. Increasing demand for natural food ingredients combined with an increase in pharmaceutical and cosmetics demand will drive the market to grow,” says an FMI analyst.

Competitive Landscape

Vitamin C ingredients companies are engaging in various partnerships and collaborations to expand their business and gain synergistic benefits. As vitamin C ingredients are mostly used in bakery products, jams, and medicine along with sports nutrition, players in the vitamin C ingredients market are focusing their product offerings on food and beverage and pharmaceutical companies.

In April 2023, Unilever introduced a topical formula that uses vitamin C and olivine extract to promote youthful, vibrant skin. Unilever claims that the leave-on formula contains vitamin C dissolved in sodium ascorbyl phosphate and a olivine mineral extract that improves skin tone, skin brightness, and masks visible signs of aging. Formulas could be manufactured as liquids, lotions, creams, foams, and sticks, but serums and essences were ideal.

Know More about What the Vitamin C Ingredients Market Report Covers

Future Market Insights offers an unbiased analysis of the global vitamin C ingredients market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the vitamin C ingredients market, the market is segmented based on product type, form, source, process, and end-use industry type across six major regions.

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Vitamin C Ingredients Market by Category

By Product Type:

Ascorbic Acid
- Ascorbic Acid 90% Granulation
- Ascorbic Acid 95% Granulation
- Ascorbic Acid 97% Granulation
Sodium Ascorbate
Calcium Ascorbate
Coated Vitamin C
Others

By Form:

Powder
Granules
Others

By Source:

Natural
Synthetic

By Process:

Reichstein Process
Two-Stage Fermentation Process

By End-Use:

Food & Beverages
Cosmetics & Personal Care Products
Pharmaceuticals
Animal Feed

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia

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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Phycocyanin Market Projected to Reach USD 1.49 Billion by 2033, According to Future Market Insights Inc.

The anticipated value of the worldwide phycocyanin market in 2022 was US$ 754.40 million. The market is anticipated to reach US$ 1,487.7 million, growing at a CAGR of 7% from 2023 to 2033 due to shifting customer preferences toward natural food-grade substances.

Phycocyanin is a natural blue pigment derived from certain species of blue-green algae, also known as cyanobacteria. It is widely used in various industries, including food and beverages, pharmaceuticals, cosmetics, and agriculture, due to its unique properties and potential health benefits.

The benefits of phycocyanin, a substance produced from spirulina, in terms of nutrition and color are driving tremendous expansion in the food and beverage industry. The pigment is mostly used as a natural coloring addition in the food industry. Its use as an additive for food coloring has received permission from the U.S. Food and Drug Administration (FDA).

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The organically produced pigment can be used as a nutraceutical component since it has antioxidant activity both in vitro as well as Vivo. Many countries forbid the import and export of items that include artificial food colors, which is assisting the phycocyanin industry’s growth.

Phytocyanin is one of the few naturally generated blue hues acknowledged in Europe, Asia and North America. Its use as coatings for pharmaceuticals and nutritional supplements was also permitted a few years ago. Spirulina extract is exempted from certification by the U.S. FDA Code of Federal Regulations since it has been approved as a color additive. It is produced by sifting spirulina platensis dry biomass and separating it with water.

Increasing the patent manufacturing process of these substances to ensure a stable supply of pigments, strengthening distribution channels, and increasing consumer awareness of the various benefits of natural components, particularly in emerging markets, may further contribute to worldwide expansion.

Key Takeaways from the Market Study

Global phycocyanin market is expected to be valued at US$ 785 million by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.7%.
From 2023 to 2033, the United States market for phycocyanin is projected to account for about 20% of global market share.
By form type, the powder segment was estimated to acquire 76.9% share in 2022.
On the basis of grade, the E18 food grade segment acquired a 56.9% market share in 2022.

“The phycocyanin products are gaining traction due to its natural origin, health benefits and application across a wide range of sectors.” Remarks an FMI analyst.

Competitive Landscape

Prominent players in the phycocyanin market are Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNT Holding B.V., Sensient Technologies Corp., Parry Nutraceuticals Limited, Döhler GmbH, Naturex S.A., Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Fraken Biochem Co., Ltd. and others.

Some key developments of the leading companies in this market are:

A cooperative study into the impacts of the naturally occurring blue pigment phycocyanin obtained from DIC-cultivated Spirulina will be launched in 2022, according to an announcement made by DIC Corporation, Leave a Nest Co., Ltd and Innoqua Inc.
Innoqua’s core “environmental transfer technology,” which enables the recreation of particular marine ecosystems in enclosed environments (aquariums), will be used by DIC and Innoqua to raise corals and evaluate the efficacy of phycocyanin in preventing coral bleaching with the help of Leave a Nest.
The research will examine whether phycocyanin’s antioxidant qualities and its ability to block particular wavelengths of light when dispersed in seawater are effective in preventing coral bleaching, in addition to whether corals that absorb phycocyanin produce red fluorescence and do so in order to reduce the stress caused by solar radiation.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global phycocyanin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033. The following are the key segments profiled in the Global Phycocyanin Market Report.

By Nature:

Organic
Conventional

By Form:

Powder
Liquid

By Grade:

Phycocyanin E18
Phycocyanin E25
Phycocyanin E3.0

By Application:

Food & Beverage
Cosmetics & Personal Care
Nutraceuticals
Animal Feed
Aquaculture

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 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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Explosive Growth in the Acid Dyes Market: Projected to Hit USD 2.6 Billion by 2033

The acid dyes market is set for substantial growth, with projections showing it will reach a value pool of USD 1.5 billion by the end of 2023. Driven by factors such as increasing textile production, expanding applications in the leather industry, and rising demand for vibrant colors in cosmetics and food sectors, global demand for acid dyes is anticipated to surge at a compound annual growth rate (CAGR) of 5.7%. This robust expansion is expected to propel the market to USD 2.6 billion by 2033, underscoring the growing utilization of acid dyes across various industries.

Acid dyes play a pivotal role in the coloring of various materials, particularly textiles and leather, owing to their vibrant shades and excellent dyeing properties. These dyes are water-soluble and work by forming a chemical bond with the fibers, resulting in durable and colorfast hues. The global acid dyes market has been witnessing steady growth, driven by expanding applications across several industries and the growing demand for colored textiles and leather products.

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Market Dynamics

1. Textile Industry Expansion: The textile industry remains the largest consumer of acid dyes, with the demand being fueled by the ever-changing fashion trends, increasing disposable income, and growing population. Acid dyes offer a wide spectrum of colors and excellent light and wash fastness, making them ideal for textile dyeing.

2. Leather Goods Manufacturing: Acid dyes are extensively used in the leather industry for dyeing hides and skins to achieve vibrant and uniform colors. With the rising demand for leather goods such as shoes, bags, and upholstery, the demand for acid dyes continues to grow.

3. Growing Demand for High-Quality Dyes: Consumers are increasingly demanding products with superior color fastness and environmental sustainability. Acid dyes, known for their excellent dyeing properties and compatibility with various substrates, are witnessing a surge in demand from manufacturers seeking to meet these consumer preferences.

4. Technological Advancements: Continuous research and development efforts have led to the development of innovative acid dye formulations that offer enhanced performance and eco-friendliness. Advancements such as low-salt dyes and dyeing processes that minimize water consumption and waste discharge are gaining traction in the market.

Top Key Players in the Acid Dyes Market

Atul Ltd
BASF SE
Gayatri Group
Clariant International Ltd.
Huntsman International LLC
Kiri Industries Ltd.
Equinox Impex India
Meera Dyestuff Industries, Advent Dyestuffs and Chemicals Private Limited
Shanghai Anoky Group Co Ltd
Tianjin Yadong Group

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Key Segmentation of the Acid Dyes Market

By Chemical Types:

Monoazo and Bisazo
Nitro
Nitroso
Triphenylmethane
Xanthene
Azine
Quinoline
Ketonimine
Anthraquinone
Phthalocyanin

By Dyeing Type:

Levelling
Fast
Milling
Super milling

By Application:

Wool and silk dyeing
Synthetic polyamide (nylon)
To a small extent acrylics and blends of these fibers

By Region:

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

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Non-Dairy Yogurt Market Set to Skyrocket to USD 13.75 Billion by 2034, According to Future Market Insights

The non-dairy yogurt market is set to secure a valuation of US$ 8,009.37 million in 2024. The demand for non-dairy yogurt is anticipated to rise at a CAGR of 5.60% through 2034. The non-dairy yogurt industry is expected to reach US$ 13,752.78 million by 2034. The non-dairy yogurt industry is being propelled by the increasing adoption of plant-based diets and the growing awareness of lactose intolerance and dairy allergies among consumers.

As more individuals seek healthier and sustainable alternatives to dairy products, the demand for non-dairy yogurt made from soy, almond, coconut, and oat continues to surge. Moreover, the rising popularity of veganism and flexitarianism has significantly expanded the consumer base for non-dairy yogurt products, driving market growth.

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Many consumers perceive non-dairy yogurt to be inferior in taste and consistency compared to traditional dairy-based yogurt. Formulating non-dairy yogurt with desirable attributes such as creaminess and tanginess while maintaining a clean label and addressing allergen concerns presents a significant hurdle for manufacturers. Additionally, the higher production costs associated with sourcing and processing plant-based ingredients may limit the affordability and accessibility of non-dairy yogurt products.

The expansion of distribution channels, including online retail platforms and specialty health food stores, offers a broader reach for non-dairy yogurt brands to target health-conscious consumers seeking alternative dairy options. Collaborations with celebrity chefs, nutritionists, and influencers can also help raise brand awareness and drive consumer engagement in the non-dairy yogurt segment.

An emerging trend in the non-dairy yogurt industry is the introduction of novel flavors and unique product formulations to cater to diverse consumer preferences. Brands are experimenting with exotic fruit blends, savory-sweet combinations, and indulgent dessert-inspired flavors to differentiate their offerings and appeal to adventurous taste buds.

There is a growing demand for non-dairy yogurt products with added functional benefits, such as gut health support, weight management, and immune system enhancement. Packaging innovations, such as single-serve pouches, eco-friendly containers, and convenient on-the-go formats, are also gaining traction among health-conscious consumers seeking convenience and sustainability in their yogurt choices.

“The non-dairy yogurt industry presents ample opportunities for innovation and product diversification. Manufacturers can capitalize on the growing consumer demand for functional and fortified yogurt varieties by incorporating probiotics, vitamins, and minerals into their formulations.” Says an FMI analyst.

Key Takeaways from the Market Study

The United States market is expected to expand at a CAGR of 4.8% through 2034.
The non-dairy yogurt industry in India is projected to rise at a CAGR of 6.8% through 2034.
China’s non-dairy yogurt industry is likely to witness expansion at a CAGR of 6.5% through 2034.
Japan’s non-dairy yogurt market is projected to expand at a CAGR of 5.8% through 2034.
Germany’s non-dairy yogurt market is expected to rise at a 5.0% CAGR through 2034.

Competitive Landscape

The non-dairy yogurt industry is experiencing heightened competition as an increasing number of companies vie for market share. Companies are focusing on product differentiation and innovation to gain a competitive edge. Strategies such as offering a wide range of flavors, textures, and formulations and incorporating unique ingredients and functional benefits are being employed to attract and retain consumers. Furthermore, partnerships with retailers, foodservice outlets, and online platforms are being forged to enhance distribution channels and increase market penetration.

While competition in the non-dairy yogurt industry remains fierce, companies are also grappling with challenges such as pricing pressures, quality control, and regulatory compliance. Maintaining product consistency and ensuring customer satisfaction are paramount to staying competitive in this dynamic market. As consumer demand for healthier and sustainable food options continues to rise, companies must remain agile and responsive to evolving market trends to secure their position in the highly competitive non-dairy yogurt industry.

Recent Developments:

Hain Celestial Group Inc. has launched its Hain Reimagined strategy, which aims to reinvent the firm and drive profitable growth by 2023. The company intends to focus on its core brands, such as Dream, which sells non-dairy yogurt made with almond, oat, coconut, and rice milk.
Danone SA introduced Silk Kids Almondmilk Yogurt Alternative, and So Delicious Dairy Free 0g Added Sugar Yogurt Alternative in 2023.
Nestlé SA is also moving into the non-dairy yogurt market with products like Good Karma Flaxmilk Yogurt, Häagen-Dazs Non-Dairy Frozen Yogurt, and Natural Bliss Plant-Based Half & Half. In 2023, the business also purchased Sweet Earth Foods, a plant-based food manufacturer that produces vegan yogurts.

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Key Coverage in the Non-Dairy Yogurt Industry Report

North America Non-Dairy Yogurt Market Outlook
Dairy-Free Yogurt Market Size
Demand Analysis of Vegan Yogurt
Europe Dairy-Free Yogurt Market Analysis
Dairy Alternatives Industry Trends

Key Segments

By Product:

Soy Yogurt
Almond Yogurt
Coconut Yogurt
Oats Yogurt
Rice Yogurt
Pea Yogurt
Others

By Nature:

Organic
Conventional

By Form:

Drinkable Yogurt
Spoonable Yogurt

By Flavor:

Plain/Unflavored
Flavored

By Sales Channel:

B2B (HoReCa & Other Food Services)
B2C
- Modern Grocery Retailers
- Hypermarket/ Supermarket
- Convenience Store
- Specialty Store
- Online Retailers
- Wholesalers
- Other Retail Forms

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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Infant Nutritional Premix Market Forecast: 4% CAGR Growth to Hit USD 370 Million by 2032

The infant nutritional premix market refers to the industry involved in the production and distribution of powdered blends of essential nutrients specifically formulated for infants and young children. These premixes are designed to be added to infant formula, baby food, and other nutritional products to ensure that infants receive the necessary vitamins, minerals, and other essential nutrients for their growth and development.

Future Market Insights (FMI) anticipated that the global infant nutritional premix market would be worth USD 235 million in 2032 and USD 370 million in 2032, growing at a 4% CAGR.

The infant nutritional premix demand is predicted to rise significantly over the forecast period. The rapid migration of working women into metropolitan areas has resulted in an increased need for quick and nutritious baby nourishment. Consumer understanding of infant food’s potential health benefits has prompted them to regard it as a viable alternative to nursing.

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To support good postnatal growth and to reduce newborn morbidity and death, infants require an appropriate vitamin and mineral intake. As a result, babies are provided a high-nutrient food premix to suit their nutritional requirements. Infant nutrition is a broad term that refers to a variety of infant nutrition products for babies and infants.

Newborn nutritional premixes made with organic foods, probiotics, vitamins, and amino acids are becoming increasingly commonly utilised around the world as awareness of their benefits grows.

Increased demand for purified protein-based newborn nutritional premixes, increased investment by key players to create high-quality infant nutritional premixes, and increased innovation in infant nutritional premixes are likely to propel the Infant Nutritional Premix Market over the projection period.

Key Takeaways from the Market Study

Because of the existence of key market players and a high consumption rate, the United States will control over 36% of the global market throughout the projection period.
Vitamin-based infant nutrition premix contributed for roughly a third of the entire market share in 2021, and it is predicted to expand at a rate of more than 5% over the following ten years.
The growing desire for homemade, fresh, organic baby food, are driving the market for infant nutritional premixes in China.
Market players are experimenting with new ways to handle, package, and technical development.

“ Leading organizations around the world are focusing on customising vitamin and mineral premixes, which is propelling the market of Infant Nutritional Premix even further”.-says a lead analyst at Future Market Insights.

Competitive Landscape

Infant Nutritional Premix have a strongly competitive global market. Leading companies are experimenting with new marketing approaches, opening new retail locations, technological advancements, and mergers and acquisitions.

Some of the leading companies offering Infant Nutritional Premix are Koninklijke DSM N.V, Hexagon Nutrition Pvt. Ltd., Vaneeghan International B.V, SternVitamin GmbH & Co. AG, BASF SE , Lycored Limited, Watson Inc., Fenchem Biotek Limited, Farbest Brands, Glanbia Plc., Jubilant Life Sciences, Prinova Group LLC, Barentz International B.V, Vitablend Nederland B.V, ADM.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Infant Nutritional Premix presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

By Form :

Powder
Liquid

By Ingredient :

Vitamins
Minerals
Nucleotides
Amino Acids
Others

By Function :

Bone Health
Immunity
Digestion
Vision Health
Brain Health & Memory
Others

By Distribution Channel :

Pharmacy Stores
Specialty Outlets
Supermarkets
Online channel
Others

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
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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Nutraceutical Excipient Market to Grow 6.4% Per Year Through 2034, Led by Natural and Sustainable Ingredients | FMI

According to Future Market Insights (FMI), the global nutraceutical excipient market is estimated to reach US$ 2,663.4 million in 2024. The market is expected to register a CAGR of 6.4% from 2024 to 2034, reaching a valuation of US$ 4,958.7 million by 2034.

The growing health and wellness-conscious consumer base has led to a surge in demand for nutraceutical excipients, necessitating the development of products with enhanced functional properties. Furthermore, the increasing prevalence of lifestyle diseases is expected to significantly boost nutraceutical excipient sales during the projected period.

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The nutraceutical excipient market is expected to be influenced by the growing acceptance of preventive healthcare, the geriatric population, and the easy accessibility of healthcare products through e-commerce platforms. Advancements in processing technologies such as nanotechnology, rising demand for tailored medication per target customer, and increasing usage of multidimensional and multifunctional excipients are creating growing opportunities for the target market.

The nutraceutical excipient market is expected to experience potential growth due to evolving consumer preferences for preventive healthcare and lifestyle maintenance. However, the high manufacturing costs and stringent regulatory compliances are set to restrict new entrants in this field, affecting the market’s growth prospects.

Key Takeaways from the Report:

The global nutraceutical excipient market is expected to reach a valuation of US$ 4,958.7 million by 2034.
The market is set to surge at a CAGR of 6.4% over the forecast period
The United States is set to surge at a CAGR of 7.2%, showing significant growth over the forecast period.
India is expected to reach US$ 388.4 million by 2034.
China is projected to surge at 7.8% CAGR by 2034.

“Nutraceutical manufacturers and leading companies are seeking customized excipient solutions, including co-processing technologies and multifunctional excipient systems, to meet precise and specific formulation requirements, according to excipient consumers and suppliers.” – says a lead analyst at Future Market Insights (FMI)

Competitive Landscape

Ingredion Incorporated, Cargill Incorporated, Dow Du Pont Inc., Kerry Group PLC, and Roquette Frères SA are the few leading players in the market. Acquisitions and mergers enhance product safety quality and market coverage by combining resources, product knowledge, and processing technology, providing access to new distribution channels.

Correspondingly, introducing new products with enhanced and improved efficiency with wide application is set to help companies stay competitive and meet the changing consumer demands. For instance,

In September 2022, Roquette acquired Crest Cellulose, an India-based excipient manufacturer.
In 2023, Roquette announced the addition of three new excipient grades to its unmatched portfolio of solutions for moisture-sensitive active pharmaceutical products and ingredients.

Get More Valuable Insights

Future Market Insight’s (FMI) has released an objective assessment of the global nutraceutical excipient market, presenting past demand data from 2019 to 2023 and projecting forecast statistics for the 2024 to 2034 period.

The study incorporates compelling insights on the nutraceutical excipient market based on product type (wintergreen, cinnamon, chocolate mint, peppermint, spearmint), end-use (hypermarket/supermarket, convenience stores, pharmacies, specialty stores, grocery stores, wholesale stores, online retail), form (capsule, pills, spray), and region (North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa)

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Global Nutraceutical Excipient Market Segmentation by Category

By Product Type:

Wintergreen
Cinnamon
Chocolate Mint
Peppermint
Spearmint

By End-use:

Hypermarket/Supermarket
Convenience Stores
Pharmacies
Specialty Stores
Grocery Stores
Wholesale Stores
Online Retail

By Form:

Capsule
Pills
Spray

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 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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