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Lactates Market Projected to Reach USD 1.1 Billion by 2032 with a 3.7% Annual Growth Rate

According to recently released statistics on lactates market analysis, the market for lactates is predicted to be worth USD 653.1 million in 2022 and USD 1.1 billion by 2032, representing a CAGR of 3.7% in terms of value.

According to the forecast presented in the report, the global lactates market is estimated to be valued at USD 653.1 million in 2022 and is projected to reach USD 1.1 billion by 2032, recording a CAGR of 3.7%, in terms of value. Growing demand for lactates as preservatives in bakery products and increasing demand for lactates in dietary supplements are some of the driving factors behind the growth of the global market for lactates.

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Global Lactates Market: Factors Impacting Revenue Growth

Sustainable demand for lactic salts in anti-ageing and premium cosmetic formulations
Increasing consumption of lactates in the oral care industry
Growth in the mineral industry in Asia Pacific is an indirect driver for lactates market growth
Increasing demand for calcium salts in the treatment of osteoporosis
Rise in healthcare expenditure in the Middle East & Africa
Expansion of production capacity to enhance the sales prospects of lactates

Global Lactates Market: Forecast by Application

On the basis of application, the global lactates market is segmented into food & beverages, pharmaceuticals, personal care, animal feed, agriculture, and others. The application of lactates in beverages is estimated to increase globally.

This is attributed to increased consumer demand for micronutrients in drinks such as juices, ready-to-drink premixes, and powdered beverages. Consequently the food & beverage segment makes up the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Forecast by Form

On the basis of form, the global lactates market is segmented into solid and liquid segments. In terms of value and volume, the liquid segment is expected to exhibit the highest growth over the forecast period. In 2017, the liquid segment was valued at US$ 188.1 Mn, which is expected to reach US$ 313.7 Mn by 2027, expanding at a CAGR of 5.2% during the projected period.

Global Lactates Market: Forecast by Product Type

On the basis of product type, the global market for lactates is segmented into Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates and Others. Sodium Lactates and Zinc Lactates captured equal revenue share in the year 2017 and will witness relatively good growth during the forecast period.

Global Lactates Market: Forecast by Region

In terms of volume, APEJ is expected to exhibit the highest growth during the period of study, closely followed by Japan. On the other hand, MEA makes up the smallest market share, both by value and volume, and is expected to grow steadily over the forecast period. North America is expected to account for the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Key Players

Corbion N.V., Merck KgaA, Seidler Chemical Co, Inc., Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), Caldic B.V., FBC Industries, Inc., Global Calcium Private Limited, Musashino Chemical Laboratory, Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Pfanstiehl, Inc., Jungbunzlauer SuisseAG, ISALTIS, American Elements, Dr. Paul Lohmann GmbH KG, Jost Chemical Co., Galactic s.a., Zhengzhou Tianrun Lactic Acid Co., Ltd., BSA Inc., Prathista Industries Limited and Magnesia GmBh are some of the leading companies profiled in the report.

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Market segmentation

By Form :

Solid
Liquid

By Application :

Food and Beverages Industry
- Meat and Seafood Products
- Bakery
- Dairy
- Beverages
- Others
Pharmaceutical Industry
Personal Care Industry
Animal Feed Industry
Agriculture Industry
Others

By Product :

Sodium Lactates
Potassium Lactates
Calcium Lactates
Magnesium Lactates
Zinc Lactates

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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Christiana Corporate, 200 Continental Drive,
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Hyper-Converged Systems Market Projected to Reach USD 129.38 Billion by 2033 at a 26.5% of CAGR

The global hyper-converged systems market is poised for exponential growth, with projections indicating a surge from USD 12.33 billion in 2023 to approximately USD 129.38 billion by 2033. This significant expansion reflects an impressive Compound Annual Growth Rate (CAGR) of 26.5%, driven by escalating adoption among Small and Medium Enterprises (SMEs) seeking enhanced business productivity.

The market’s rapid growth trajectory underscores the increasing preference for hyper-converged infrastructure solutions, which combine compute, storage, and networking capabilities into a single integrated system. This approach not only streamlines data center operations but also reduces both capital and operational expenses significantly.

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Rising adoption can be attributed to the increasing digital transformation in data centers adopting HCI solutions. Using the computer storage network, the solutions are utilized to consolidate and modernize data centers.

With the aid of particular components and applications, hyper-converged systems are utilized to lower the risk of data security breaches. A high-security AMD processor package with security measures is also included to reduce security threats.

Key Takeaways

By 2033, the United States is likely to dominate the hyper-converged systems market, with a size of US$ 6.64 billion and a CAGR of 22.1%.
The hyper-converged systems market was significantly expanding, with a size of US$ 9.83 billion in 2022.
The market shows amazing opportunities due to virtualization, and expected a Y-o-Y growth of 20.25% in 2023.
The expansion in China is anticipated to expand at an adequate CAGR of 33.1% by 2033.
In 2023, Germany is likely to expand in the hyper-converged systems market, with a size of US$ 1.24 billion.
By 2033, the hyper-converged systems sector is likely to increase in Canada, with a size of US$ 42.13 billion.
The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 36.4% by 2033.
Based on the application, the virtualization and VDI segment led the market CAGR of 24.6% by 2033.
Based on industry, the manufacturing sector continues to dominate the sector during the forecast period, with a CAGR of 36.3%.
Based on professional services, the integration and deployment services continue to dominate the sector during the forecast period, with a CAGR of 21.5%.

Key Strategies in the Industry

The expansion of the industry is being driven by technological improvements. To improve performance and decrease latency, businesses are increasingly integrating artificial intelligence (AI) and machine learning (ML) into their hyper-converged systems. Additionally, the development of 5G networks has made it possible to implement hyper-converged systems in more applications, including connected vehicles, smart homes, and industrial automation.

Key players in the hyper-converged systems industry include Nutanix, Cisco Systems, HPE, Huawei, NetApp, VMware, Pivot3, Scale Computing, Stratoscale, DataCore, Maxta, HiveIO, Supermicro, Diamanti, Sangfor Technologies, StorMagic. These players have concentrated on creating solutions that allow users to reduce the complexity of conventional IT infrastructures.

Recent Developments

In order to improve hybrid cloud infrastructure, IBM Corporation (US) and Red Hat, Inc. (US) introduced their most recent pre-configured private cloud platform on IBM Power Systems hardware in 2021.
Nutanix Inc. developed software for hyper-converged infrastructure that supports hybrid clouds. This application allows for virtual networking and 50% faster performance. It offers two cutting-edge cloud-based software solutions, security compliance, and security monitoring.

The hyper-converged systems market is divided into below segments

By Component:

Hyper-Converged Infrastructure Appliances
Server Virtualization Software
Services

By Enterprise Size:

Hyper-Converged Systems for Large Enterprises
Hyper-Converged Systems for SMEs

By Application:

Virtualization and VDI
Data Center Consolidation
Remote Offices/Branch Offices (ROBO)
Backup and DR
Others

By Industry:

BFSI
Government
IT and Telecom
Healthcare
Energy and Utilities
Manufacturing
Others

By Region:

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

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Feed Phytogenic Market Forecasts 3.5% Annual Growth, Boosting Revenue Until 2033

The feed phytogenic market is projected to be worth US$ 782.3 million in 2023. By 2033, the market is expected to surpass US$ 1,142.13 million. The demand for phytogenic feed is expected to expand at a CAGR of 3.5% during the forecast period.

The feed phytogenic industry is an emerging segment of the animal feed industry, which has witnessed significant growth over the past few years. Feed phytogenic products are plant-based additives. They are used in animal feed to enhance animal performance, gut health, immunity, and overall well-being. The increasing demand for animal protein and livestock production, along with the ban on antibiotic growth promoters in animal feed, has been driving the growth of the market.

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Despite the growing demand for feed phytogenic products, the industry still faces certain challenges that act as restraints for market growth. The lack of awareness and knowledge regarding the usage and benefits of phytogenic feed additives. As well as the unavailability of standardized testing methods poses challenges for manufacturers in terms of product development and marketing.

The feed phytogenic industry offers several opportunities for market players to expand their business and increase their market share. The rising trend of natural and organic products is providing significant growth opportunities. Moreover, increasing awareness among consumers regarding the benefits of natural products is expected to drive the market.

Key Takeaways from the Feed Phytogenic Market:

The United States feed phytogenic industry is expected to exceed US$ 175 million by 2033, owing to the industry’s increased demand for chicken meat.
Vietnam and Indonesia are two of the Asia Pacific region’s leading feed producers.
Rising animal health concerns and a taste for natural commodities are expected to propel the feed phytogenic business in Germany.
Brazil is expected to lead the feed phytogenic market because of the region’s enormous development potential.
Poultry is expected to continue to be the most appealing livestock propelling the sales of phytogenic feed.
The most popular type of plant-derived chemical utilized in cattle is essential oils.
Herbs and spices have recently attracted much attention in the feed industry.

From Global Giants to Local Players: How Phytogenic Feed Industry is Standing Out with Unique Offerings

The feed phytogenic industry has a highly competitive landscape, with numerous global and local players operating in the market. Tier-1 and tier-2 players, including Biomin, Cargill, Delacon, DuPont, Kemin Industries, Adisseo, Pancosma, and Nutrex, dominate the global market. Due to their brand reputation, product differentiation, financial stability, strategic advances, and diverse regional presence. These companies have a global reach and varied product ranges, making it difficult for new players to enter the market and compete.

In addition to these dominant players, there are also numerous local firms present in the phytogenic feed industry. These players have a strong understanding of the regional market and have built a loyal customer base. They often focus on producing low-cost products, which allows them to compete with the key players in the market.

The phytogenic feed industry is characterized by intense R&D activities, with companies continuously investing in the development of new and innovative products. This has led to several mergers, partnerships, and collaborations among players to leverage their collective strengths and expand their market presence.

Key Developments in the Feed Phytogenic Market:

Kemin Industries added VANNIXTM C4, an innovative phytogenic feed additive, to their range of chicken gut health products in January 2020 in North America.
In January 2020, Delacon Biotechnik GmbH launched BioStrong Comfort. A product designed to reduce the impact of heat stress during periods of high temperature and humidity. It contains antioxidants derived from plants in the United States and Canadian markets.
In 2017, Delacon and Cargill formed a partnership to provide better solutions for their customers. This included a minority stock investment from Cargill. After entering the Russian market in 2019, Delacon introduced its phytogenic products to China in March 2020.
In October 2020, Royal DSM, a multinational corporation specializing in nutrition and health acquired Erber Group for €980 million. To expand their phytogenic feed additive offerings.

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Feed Phytogenic Market by Category

By Product Type:

Essential Oils
Herbs & Spices
Oleoresins
Others Product Type

By Livestock:

Poultry
Ruminants
Swine
Aquatic Animals
Other Livestock Animals

By Function:

Performance Enhancers
Palatability Enhancers
Other Functions

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Automated Nucleic Acid Extraction Systems Market is expected to grow at a 10.9% CAGR and reach USD11.32 Billion by 2032 | FMI

The rapid pace of advancements in molecular diagnostics is driving significant growth in the Automated Nucleic Acid Extraction Systems Market. A recent study by Future Market Insights (FMI) forecasts a remarkable Compound Annual Growth Rate (CAGR) of 10.9% from 2022 to 2032. This translates to a projected market value of USD 11.32 billion by 2032, a substantial leap from the current market size.

Automated nucleic acid extraction systems are at the forefront of this revolutionary expansion, providing fast, clean, and consistently improved nucleic acid extraction procedures. Their critical significance in nucleic acid purification, along with significant contributions to personalized and predictive medicine, highlights the increasing need for these cutting-edge technologies.

The projected growth of the industry represents a paradigm shift in nucleic acid extraction methodologies. With an escalating focus on efficiency and precision, automated systems have become the cornerstone of laboratories and research facilities worldwide. Their unparalleled ability to streamline processes not only accelerates research but also ensures the reliability of results.

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These systems are designed in such a way that they efficiently run multiple processes at the same time with a reduced error ratio thereby acting as a major driver in the Global Automated Nucleic Acid Extraction Systems Industry. Furthermore, the rising utilization of automotive procedures in research and development has bolstered the demand for technologically superior automatic nucleic acid extraction systems.

Automated Nucleic Acid Extraction Systems Market Key Takeaways

The isolation and the purification in the automated nucleic acid extraction systems fall under the category of fundamental tests in molecular laboratory research which further comprises a vast range of equipment and procedures available for its extraction.
Furthermore, user-friendly interfaces are integrated with the systems to further simplify the processes. Moreover, the functionality of these systems comprises shaking, temperature control, and PCR protocols.
Automated nucleic acid extraction systems also help in minimizing the contamination in samples, providing high throughput results in comparatively less time and reducing the reagent wastage. Owing to these factors, the global demand for automated nucleic acid extraction systems is on the rise.
These systems are vastly employed in molecular biology, pathology, forensic science, environmental research, and drug delivery. Furthermore, these automated systems are known for their advancements in extracting nucleic acid from a variety of samples such as tissue, cell culture, whole blood, serum, plasma, swabs, etc.
The nucleic acid extraction system market is predicted to rise steadily as these user–friendly methods reduce sample contamination, provide high throughput results at a rapid pace, and greatly reduce reagent wastage.
Surging laboratory automation and widespread adoption of superior technology for faster and better results propels market growth. Furthermore, technological advancements in automated nucleic acid extraction systems in improving the workflow and decreasing variability also support the automated nucleic acid extraction systems market.
The high cost of the system, limited product acceptability, high maintenance, system complexity, and service cost are some of the limiting factors restricting potential market growth. In addition to that, low market penetration of automated systems in less developed regions also restricts global market growth.

Automated Nucleic Acid Extraction Systems Market Competitive Landscape

Some of the prominent players in the Global Automated Nucleic Acid Extraction Systems Industry are focusing on technological advancements to attain an edge over the market. Various other regional players are concentrating on collaboration to efficiently cater to the ever-increasing customer demands.

A large number of companies are involved in the rapid manufacturing of such laboratory instruments varying by size, usage, capacity, price, and versatility. These days, most commercial extraction kits are also available in the market in line with automated nucleic acid extraction platforms. Continuous enhancements for the system updating also help in proliferating the market growth for nucleic acid extraction systems.

Several other companies are rapidly adopting strategies for building their networks and strengthening their sales force to increase their product sales. Furthermore, brand value is also considered a vital parameter affecting the sales of a certain company. New product development, mergers, acquisitions, and partnerships are some of the key trends in the Global Automated Nucleic Acid Extraction Systems Industry.

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Automated Nucleic Acid Extraction Systems Market Key Players:

Qiagen N.V.
Roche Molecular Systems, Inc.
Analytik Jena AG
Thermofisher Scientific
Accubiomed Co., Ltd.
Autogen Inc.
DiagCor Bioscience Inc Lt
Taigen Bioscience Corporation
Bioneer Corporation

Automated Nucleic Acid Extraction Systems Market Key Segments:

By Type

Instruments
Kits and consumables

By End Use

Hospitals
Diagnostic Centres
Forensic Laboratories
Pharmaceutical & Biotechnology Companies
Academic Research Institutes

Author

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 clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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 team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Organic Lamb Market Analysis: Trends, Types, and Growth Prospects Until 2032

As per the report published by FMI, the global organic lamb market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 3.71 Billion in 2022. The market value of organic lamb is anticipated to reach a high of US$ 6.34 Billion by the year 2032. A historical CAGR of 2.7% has been recorded during 2021.

It is identified by the experts at FMI that health complications accompanied by non-organic meat are likely to boost the market growth for organic lamb. The meat derived from animals that are fed with various antibiotics and growth hormones carries many health complications with it.

Antibiotic leads to bacterial food contaminations which according to a report claim the lives of more than 50,000 people in the US and European Union. Therefore, health cognizance among people is rising and they are making more demand for organic options.

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It is anticipated FMI that demand from young people and developing nations, which is surpassing supply, is predicted to drive a significant CAGR increase in the organic lamb market.

FMI has analyzed that besides preventing food contaminations, organic meat extends several benefits in cancer prevention as it is a rich source of important vitamins and antioxidants. Also, organic options have their fair share in plummeting environmental pollution, especially air.

Additionally, as countries have opened their borders in this era of globalization, the interdependency of nations has risen upon each other. As a result, people in today’s world have much more means of earning a living and leading happy life. However, several factors are most likely to limit the growth of the organic lamb market during the forecast period. Lab-grown meat, pressure from animal welfare organizations, high prices, hampered rearing and strict government regulations are projected to curb the growth in the upcoming years.

Key Takeaways from Market Study

Sales of organic lamb products in the US surpassed $2 billion in 2022. As a result of health-conscious consumers, the market for organic and natural lamb foods is expanding.
As of 2011, there were 2.3 million acres of pasture and grassland that met organic criteria in the United States, and there were 3.1 million acres of farmland.
Australia and New Zealand will likely be bitter rivals. Despite this, the market is likely to continue being modest.
The biggest market for lamb and organic lamb in New Zealand right now is China.
Europe accounted for 40% of the total organic lamb market share during the base year.
By the end of 2032, it is expected that the processed lamb market would have grown by 66 BPS, the volume will exceed 45,000 MT, and value will be close to US$ 200 million.

“The rising trend of consuming premium organic food products, coupled with mild taste and chewable nature of organic lamb is unraveling new opportunities for the market players prevailing in the organic lamb market.” says a Future Market Insights analyst.

Competitive Landscape

Several significant participants in the production of organic lamb are focusing on business growth and broadening their geographic reach in order to strengthen their positions in the organic lamb sector globally. Increasing production capacity and improving quality are two more strategies employed by large companies to get a competitive edge in the organic lamb industry.

Thomas Food International, Arcadian Organic & Natural Meat, Mallow Farm & Cottage, Colin & Sally’s Organic Lamb & Beef, Elliott Agriculture, Tulip Ltd, and Good Earth Farms are some of the key players in the market.

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Recent Developments

On May 28, 2020, Australia-based recognized meat processing company “Thomas Food International” announced that the company has acquired 50% of ownership interest in Victoria, Australia-based company “Frew International”, a company that deals in sheep meat. The financials of the transaction were kept undisclosed. Moreover, the companies have publicized that they will continue to operate autonomously.

On October 15, 2019, Colorado, United States-based food company “Pilgrim’s Pride Corporation” announced that it has successfully acquired the United Kingdom-based meat company “Tulip Ltd.” Pilgrim has made a payment of $354 (all in cash) in order to bring the acquisition to a close. The transaction has reinforced Pilgrim’s UK-specific portfolio.

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Dental Orthodontic Wax Market is expected to grow at a 4.5% CAGR and reach over USD 2 Billion by 2032 | FMI Study

The global Dental Orthodontic Wax Market is set for significant growth, driven by the increasing prevalence of malocclusion and a rising demand for affordable orthodontic treatments. According to a recent study by Future Market Insights (FMI), the market is projected to soar from USD 900 million in 2022 to a substantial USD 2 billion by 2032. This represents a robust Compound Annual Growth Rate (CAGR) of 4.5% over the next decade.

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Dental Orthodontic Wax Market: Segmentation

Valuable information covered in FMI’s Global Dental Orthodontic Wax Industry report has been segregated into key segments and sub-segments.

By Wax Pattern

Pattern waxes
Inlay wax
Resin wax
Casting wax
Base plate wax
Impression waxes
Corrective wax
Biteplate wax
Soft impression wax
Disclosing wax
Processing waxes
Boxing wax
Beading wax
Sticky wax
Utility wax

By Source

Natural dental orthodontic wax
Synthetic dental orthodontic wax
Segmentation by End User
Hospitals
Dental Clinics

Dental Orthodontic Wax Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Global Dental Orthodontic Wax Industry. Competitive information detailed in the Dental Orthodontic Wax 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, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Global Dental Orthodontic Wax Industry report.

Key players covered in the report include:

Kerr Corporation,
C.J. Robinson Company, Inc.,
DWS Systems,
Carmel Industries,
Bracon Dental,
Bilkim Ltd. Co.,
Pyrex Polymers,
Metrodent Ltd,
Solstice T&I,
Bracon Dental.

Important Questions Answered in the Dental Orthodontic Wax Market Report

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

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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 necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Dental Orthodontic Wax market

Author

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.

Contact Us:

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

Herb Oil Market Poised to Reach USD 3,255.8 Million by 2033 with an 8.4% CAGR, Reports Future Market Insights, Inc.

The herb oil market is predicted to be valued at US$ 1,449.1 million in 2023 and US$ 3,255.8 million by 2033. Over the projection period, the herb oil market is expected to surge at a CAGR of 8.4%.

The market is witnessing a surge in demand for herb oil blends tailored for specific purposes, such as stress relief, immune support, and relaxation. As consumers increasingly seek holistic wellness, creating purpose-driven combinations can tap into these emerging needs. With the growing popularity of CBD and its potential health benefits, combining CBD with herb oils is a promising avenue. This synergy can offer consumers a more comprehensive approach to wellbeing.

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Eco-conscious consumers are prioritizing sustainably sourced ingredients. Companies investing in responsible sourcing, organic farming, and transparent supply chains can capitalize on this trend. The rise of customization and personalization is reshaping the herb oil market. Tailoring herb oils to individual preferences or health requirements can set a brand apart.

Exploring unconventional uses for herb oils, such as in cosmetics, aromatherapy, or culinary applications, can unlock new markets and customer segments. Leveraging digital platforms for education, marketing, and sales is crucial. Brands can connect with tech-savvy consumers by providing information and guidance on the benefits and usage of herb oils.

Key Takeaways from the Herb Oil Market

In 2022, the United States took the lead in the herb oil market, commanding a market share of 23.0%.
The United Kingdom is poised for an 8.0% CAGR by 2033.
China is at the forefront, anticipating a 10.0% CAGR surge through 2033.
The basil segment has dominated the market with a market share of 24.60% in 2022.
The personal care and cosmetic segment held a market share of 35.50% in 2022.

“In the herb oil market, continuous growth is expected as consumer demand for natural and holistic products rises. Quality and transparency will be key drivers in this evolving landscape,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

How Key Players are revolutionizing the Herb Oil market?

The herb oil market is transforming, driven by critical players revolutionizing the industry. These market leaders are reshaping how we perceive and utilize herb oils, bringing innovation, quality, and sustainability to the forefront.

These key players focus on sourcing high-quality herbs and employing state-of-the-art extraction techniques. They understand the importance of preserving herb oils’ purity and therapeutic properties, making them more potent and beneficial for consumers. These players often commit to sustainable organic farming practices, ensuring a responsible and eco friendly supply chain.

They are expanding their product portfolios by introducing unique blends and applications for herb oils, catering to a broader range of consumer needs. By embracing technology, they offer convenient packaging and distribution channels, making these oils more accessible to consumers worldwide. Education and transparency are becoming paramount. Key players provide valuable information about benefits, uses, and potential side effects of herb oils, helping consumers make informed choices.

Key Companies Profiled in the Herb Oil Market

Symrise AG
Young Living Essential Oils LC
Givaudan SA
Biolandes SAS
International Flavors & Fragrances Inc.
Enio Bonchev Production Ltd.
DoTERRA International LLC
China Flavors and Fragrances Company Limited
The Lebermuth Company
Citrus and Allied Essences Ltd.

Product Portfolio

Symrise AG is a global leader in creating and producing fragrances, flavors, and cosmetic ingredients. With a rich history of over 220 years, Symrise specializes in crafting unique sensory experiences that enrich products and captivate consumers worldwide.
Young Living Essential Oils LC is a premier provider of pure, authentic essential oils and wellness products. Their commitment to quality and sustainability sets them apart, ensuring that customers enjoy the benefits of natural, therapeutic-grade oils and holistic well-being.
Givaudan SA is a renowned global company dedicated to the art and science of flavor and fragrance creation. With a legacy of innovation spanning centuries, Givaudan combines creativity and precision to delight the senses, enhancing various products across various industries.

More Insights Available

Future Market Insights offers an unbiased analysis of the herb oil market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the herb oil market, the report is segmented on the basis of Product Type (Basil, Mint, Thyme, Dill and Other Herbs), Application (Personal Care and Cosmetic, Food & Beverage, Pharmaceutical, Aromatherapy, Industrial and Other Application), Extraction (Distillation, Solvent Extraction, Cold Pressing and Other Extraction Method), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Segmentation Analysis of the Herb Oil Market

By Product Type:

Basil
Mint
Thyme
Dill
Other Herbs

By Application:

Personal Care and Cosmetic
Food & Beverage
Pharmaceutical
Aromatherapy
Industrial
Other Applications

By Extraction:

Distillation
Solvent Extraction
Cold Pressing
Other Extraction Method

By Sales Channel:

Specialty Store
Modern Trade
Drug Stores
Online Store
Other Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

About the Food and Beverage Division at Future Market Insights

The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective of providing authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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Rising Popularity of Artisanal Agave Spirits Drives Mezcal Market Growth with Projected 14.2% CAGR till 2034

According to Future Market Insights (FMI), the global mezcal market is estimated to reach a valuation of US$ 635 million by 2024. Over the forecast period, sales are poised to increase at a CAGR of 14.2%. The global industry is estimated to reach US$ 1,536 million by 2034.

Increasing consumer demand for premium versions of mezcal is a key factor surging mezcal sales. Rising disposable income and urbanization allow consumers to pay premium prices for quality products, augmenting demand for mezcal in the market.

Growing demand and availability of new flavors in mezcal, such as grapefruit, are expected to fuel market growth. Mezcal is gaining traction worldwide as more people become familiar with its distinctive taste and strong alcohol content.

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The popularity of non-alcoholic drinks is on the rise. Mezcal manufacturers have begun to provide alcohol-free mezcal cocktails to customers. This trend is likely to push growth in the industry.

Technological improvements have made it possible to produce extracts and spirits sustainably. To lower extraction and production costs, leading vendors and manufacturers are working on new products and technologies. Companies are set to improve product traceability by utilizing cutting-edge technology that considerably increases the efficacy and efficiency of supply chains.

Key Takeaways from the Mezcal Market Study

The global mezcal industry is estimated to reach US$ 1,536 million by 2034.
Over the forecast period, sales of mezcal are poised to increase at a CAGR of 14.2%.
China’s mezcal market is expected to surge at 10.2% through 2034.
The 100% tequila segment is anticipated to reach US$ 860 million by 2034 based on concentration.
Based on region, Germany is projected to rise at 8.6% CAGR through 2034.

“The emergence of cocktail culture, along with producers’ efforts to modernize the marketplace by giving spirits to customers with better access and more options, is likely to accelerate market growth. Furthermore, as demand for mezcal grows, leading companies are reporting considerable revenue growth by giving consumers a variety of unique tastes to satisfy their shifting preferences,”- says a lead Future Market Insights (FMI) analyst.

Competitive Landscape

Due to rising consumer demand for mezcal, several leading manufacturers focus on offering it at the best possible pricing. Key manufacturers are using integrated production methods to increase their market share and manufacturing capacity while expanding their industrial footprints. Bacardi Limited, Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., and El Silencio Holdings Inc. are the leading players in the market.

For instance,

In 2023, Don Julio launched an impressive range of aged tequila and premium mezcals, including Añejo Clásico, Paloma Negra, and Espadín.
In September 2023, Bacardi Limited acquired the leading mezcal brand, ILEGAL Mezcal®, to expand the existing business in the United States.
In April 2023, El Rayo partnered with Sainsbury’s to secure a supermarket listing.
In June 2023, Charter Brands expanded its portfolio of agave spirits. The company added Cuentacuentos Mezcal and Tso’ok Rum to its portfolio.

Get Valuable Insights into the Mezcal Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the mezcal market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study divulges compelling insights on the mezcal market based on product type (joven, reposado, and anejo), concentration (100% tequila and mixed tequila), and regions.

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Global Mezcal Market Segmentation by Category

By Product Type:

Joven
Reposado
Anejo

By Concentration:

100% Tequila
Mixed Tequila

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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Coconut Milk Market Expected to Surge to USD 2,199.4 Million by 2033 Driven by Global Health Awareness | Future Market Insights, Inc.

The coconut milk market is estimated to be worth US$ 1,233.4 million in 2023 and is projected to be valued at US$ 2,199.4 million in 2033. Between 2023 and 2033, the market is expected to register a growth rate of 6.3%.

With increased emphasis on health among customers, consumption, and demand for coconut milk are likely to rise. Coconut milk products include antibacterial & antiviral qualities that help to strengthen the immune system against a variety of pathogens.

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Increasing demand for vegan products and a growing number of people are making the switch to plant-based and organic foods regulating the coconut milk market’s future trends.

Consumers are inclined towards foods that comprise numerous health benefits, the more customers perceive coconut milk-based goods to be more healthful than those with additional tastes or artificial additives and chemicals resulting in the strengthening of the coconut milk market opportunities.

Increasing awareness of lactose intolerance and dairy allergies, more people are turning to non-dairy alternatives like coconut milk. Many consumers choose coconut milk as a vegan-friendly option in cooking and as a milk substitute in beverages and cereals, are providing a lucrative opportunity for market demand.

The demand for coconut milk-based beverages has risen significantly as they are rich in vitamins and minerals, appealing to consumers seeking functional and nutritious drinks. The growing demand for plant-based beverages boosts the market growth.

The rising use of coconut milk in Asian, Caribbean, and Latin American cuisines, and the expanding consumer base for these cuisines contributing to the coconut milk market.

Increasing advances in manufacturing and the introduction of new coconut milk-based products such as creamers, yogurt alternatives, and flavored variants, are expected to drive market growth during the forecast period

Key Takeaways:

From 2018 to 2022, the coconut milk market demand expanded at a CAGR of 2.6%
Based on form, the liquid segment is expected to account for a market share of 88% during the forecast period.
Global coconut milk demand in Germany is predicted to account for a value share of 2.7% from 2023 to 2033.
In the United States, the market is expected to account for a market share of 28.2% between 2023 and 2033.
A growth rate of 83.2% is estimated for the organic segment over the forecast period.
China is projected to expand by a value CAGR of 7.6% between 2023 and 2033.
By 2033, the coconut milk market in India is anticipated to record a CAGR of 19.2% during the forecast period.

“The increasing demand for coconut milk products and the rising importance of functional and healthy food is anticipated to support the growth of the market during the forecast period.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape:

To grow their market share, increase profitability, and stay competitive in the coconut milk products market players have used product launch and business expansion as key strategies. Some of the recent developments in the market are discussed below.

Goya Foods is a well-known American food company that produces a wide range of Hispanic and Latin American food products, including canned coconut milk and coconut cream.
Arroy-D is another Thai company that specializes in coconut milk and coconut cream production. Their products are widely used in Asian and international cuisines.
Renuka Agri Foods PLC & Renuka Agri Organics Ltd are the leading manufacturers, marketers, and exporters of coconut-based food and beverages. They produce products such as coconut milk powder, desiccated coconut, virgin coconut oil, coconut water and coconut milk.

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Key Companies Profiled:

Theppadungporn Coconut
Renuka Foods PLC
Goya Foods Incorporation
Asiatic Agro-Industry
The Sambu Group
PT. Sari Segar Husada
Thai Agri Foods PLC
M&S Food Industries
Primex Coco Products Incorporation
Santanku Sdn. Bhd

Market Segmentation for Coconut Milk:

By Form:

Liquid
Powder

By Nature:

Organic
Conventional

By End-Use:

Household
Food Service
Food & Beverages Manufacturing
Cosmetics & Personal Care
Other Applications

By Region:

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

Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global coconut milk market, providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.

To understand opportunities in the coconut milk market, the market is segmented based on Form (Liquid, Powder), Nature (Organic, Conventional), End-Use (Household, Food Service, Food & Beverage Manufacturing, Cosmetics and Personal Care, Other Application) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Human Milk Oligosaccharide Market Set to Expand at 6.5% CAGR Through 2034 Driven by Rising Population and Increased Infant Nutrition Needs

According to Future Market Insights (FMI), the global human milk oligosaccharide (HMO) market is estimated to reach US$ 100.8 million in 2024. Over the forecast period, human milk oligosaccharide sales are poised to increase at a CAGR of 6.5%. The global market is estimated to reach US$ 161.6 million by 2034.

Escalating demand for infant formula products that emulate the nutritional composition of breast milk is driving the human milk oligosaccharide market. As awareness of breast milk’s unique benefits grows, parents and caregivers are seeking human milk oligosaccharides that closely resemble breast milk for optimal infant nutrition.

Rising birth rates, urbanization, and the growing prevalence of working mothers are the factors contributing to a greater reliance on human milk oligosaccharides as a primary source of infant nutrition. Advancements in extraction and purification technologies are making HMOs more accessible to formula manufacturers and other industries seeking to incorporate them into their products.

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Leading companies are investing in research & development to innovate novel HMO structures. They are forming strategic partnerships with infant formula manufacturers and implementing efficient production processes for cost-effectiveness and scalability.

Key Takeaways from the Human Milk Oligosaccharide Market Report:

The global human milk oligosaccharide market is estimated to be US$ 100.8 million in 2024.
The global market is expected to surge at a CAGR of 6.5% by 2034.
Based on product type, the fucosylated segment is expected to reach a valuation of US$ 42.9 million by 2034.
During the forecast period, China is expected to rise at a CAGR of 5.5%.
Demand for human milk oligosaccharides in Japan is anticipated to rise at a steady CAGR of 4.8% by 2034.

“The human milk oligosaccharide (HMO) market is experiencing robust growth fueled by rising awareness of their health benefits and expanding applications beyond infant nutrition. As demand continues to surge, innovations in production technologies and regulatory advancements are set to be pivotal in shaping the market’s trajectory and fostering further development.” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Jennewein Biotechnologies GmbH, KYOWA HAKKO BIO CO. LTD., DSM, Nestle Health Science, DUPONT, zuChem Inc., Glycosyn LLC, Elicityl SA, and Dextra Laboratories Limited are key human milk oligosaccharides manufacturers listed in the report.

The human milk oligosaccharide (HMO) market has a diverse and dynamic competitive landscape. Leading companies focus on research & development, new formulations, and sustainable sourcing to expand their customer base. Key manufacturers also emphasize product certifications, environmentally friendly practices, and satisfying the increased demand for natural & sustainable ingredients.

For instance,

In 2021, BASF announced the approval of PREBILAC, its 2’-FL brand, by Australia’s Therapeutic Goods Administration (TGA).
In 2022, Kyowa Hakko Bio Co. Ltd, a subsidiary of Kirin Holdings Company, Limited, finalized the construction of a manufacturing facility dedicated to the production of human milk oligosaccharides (HMOs) at its Thai subsidiary, Thai Kyowa Biotechnologies Co, Ltd.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global human milk oligosaccharide market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the human milk oligosaccharide market based on product type (fucosylated [2FL, 2FL DFL, and 3FL], silylated [3SL and 6SL], and non-fucosylated neutral [LNT, LNnT, and LNFP], end-use (infant formula and dietary supplements), and regions.

Key Companies Profiled

Jennewein Biotechnologie GmbH
KYOWA HAKKO BIO CO. LTD.
DSM
Nestle Health Science
DUPONT
zuChem Inc.
Glycosyn LLC
Elicityl SA
Dextra Laboratories Limited
Carbosynth Limited

Key Coverage in the Global Human Milk Oligosaccharide Industry Research Report

Adjacent Study on Human Milk Oligosaccharides Benefits and Nutritional Products Human Milk Oligosaccharides
Detailed Market Analysis of Human Milk Oligosaccharides Supplement
Ongoing Innovations in Human Milk Oligosaccharides Formula
Growth Prospects for Baby Food Market in the United States
Top Players in Baby Food and Infant Formula Market
Human Milk Oligosaccharides and Immune System Development

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Human Milk Oligosaccharide (HMO) Market Segmentation by Category

By Product Type:

Fucosylated
- 2FL
- 2FL DFL
- 3FL
Silylated
- 3SL
- 6SL
Non-fucosylated Neutral
- LNT
- LNnT
- LNFP

By End-use:

Infant Formula
Dietary Supplements

By Region:

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

Contact Us: