Market Research Blog – Page 1850 – New Product Development

Pharmaceutical Boom Fuels Expansion of Cryogenic Labels Market: Projected to Grow at a CAGR of 6.20% by 2034

The use of cryogenic labels has been on the rise in recent years, especially in the healthcare sector. With the increasing reliance on biobanks and the rise of precision medicine, the demand for cryogenic labels has reached an all-time high. Their applications are not just limited to medicine and academia as they are now being used in various industries. Cryogenic labels are used to track and identify samples that are critical for vaccine development, production, and distribution.

Due to the recent pandemic, the pharmaceutical sector has seen a significant boom. This has led to an increased demand for cryogenic labels as companies invest heavily in tracking and identifying samples for vaccine development. Both public and private pharma companies have contributed to the expansion of cryogenic labels in the recent past. The market is growing at a CAGR of 6.20% and is expected to reach a staggering valuation of US$ 2,126.6 million by the end of 2034.

Apart from the healthcare sector, cryogenic labels are now being used in other industries, such as biotechnology, food processing, industrial manufacturing, aerospace, veterinary medicine, and academic research institutions. This increase in adoption across multiple industries is driving the growth of the cryogenic labels market, taking the valuation to US$ US$ 1,166.8 million in 2024. With the breakthroughs in drug development, the demand for cryogenic labels is expected to increase in the coming years.

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“Companies in the cryogenic label market must embrace sustainable materials in the manufacturing of labels. This will attract eco-conscious consumers and businesses”, opines an FMI analyst.

Key Takeaways from the Market Study

The permanent segment dominates the cryogenic label market with a share of 71.10% in 2024.
Based on the end use, the health and pharmaceutical segment leads the cryogenic label market with a share of 29.60% in 2024.
The cryogenic label industry in India is anticipated to grow at a CAGR of 7.60% through 2034.
The cryogenic label industry in China is estimated to rise at 7.10% CAGR through 2034.
The cryogenic label industry in Thailand has the potential to increase at 6.90% CAGR through 2034.
The Canada cryogenic label industry is predicted to rise by 5.90% CAGR through 2034.
The cryogenic label industry in South Korea is very likely to grow at a CAGR of 5.60% through 2034.

Competitive Landscape

The cryogenic label market is highly competitive, with numerous companies striving for global dominance.

The COVID-19 pandemic has led to an increased focus on cryogenic storage facilities, thereby boosting the demand for cryogenic labels.
Cryogenic label manufacturers are now presented with an opportunity to create sustainable and affordable offerings that cater to the needs of eco-conscious consumers and businesses.
Some of the prominent companies in the cryogenic label market are Cryo Coders, Cryo Ink, Tektag, CryoElite, Nalgene, Eppendorf, Brady Corporation, Thermo Fisher Scientific Inc., GA International Inc., and Weber Packaging Solutions, Inc.

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Recent Developments:

Schreiner MediPharm launched Freeze-Lock, a cryo label for COVID-19 vaccines with two layers for adhesive strength and readability in July 2022.
FLEXcon Company Inc., in August 2021, revamped PHARMcal® line for track and trace solutions, providing consistent quality and performance globally.
In May 2020, Mactac released cryogenic labels for extreme temperatures as low as -320 degrees Fahrenheit, designed for medical research and biobanks.
Avery Dennison created a new Pharmaceutical and Healthcare Collection of label materials meeting rigorous standards for innovation in pharmaceutical labeling in October 2022.

Key Segments of the Cryogenic Label Industry

By Adhesive Type:

Permanent
Removable

By Material Type:

Nylon
Polyester

By End User:

Laboratory
Chemical
Healthcare
Electronics
Shipping
Other

By Region:

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

About Future Market Insights Inc. (FMI)

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

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Consumer Shift Towards Eco-Friendly Packaging Boosts the Paper Cup Lids Industry, Grow at a CAGR of 3.9% by 2033

The global paper cup lids market is anticipated to reach a valuation of US$ 32.7 billion in 2023, driven by increased focus on branding. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.9% between 2023 and 2033, and reaching a total valuation of approximately US$ 47.9 billion by 2033.

This growth is driven by several key factors, including increasing consumer preference for takeaway and on-the-go beverages, stringent regulations promoting eco-friendly packaging solutions, and advancements in lid manufacturing technologies enhancing functionality and sustainability. Market expansion is further bolstered by rising disposable incomes, urbanization trends, and growing awareness of environmental issues among consumers and businesses alike.

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Key Takeaways from the Market Study

Global paper cup lids market was valued at US$ 31.5 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 2.1%.
North America is expected to hold a dominant CAGR of 3.8% during the forecast period.

By material type, poly lactic acid (PLA) segment within plastic is expected to constitute a CAGR of 3.8% in 2033.
On the basis of end use, coffee shops segment within food service industry is expected to dominate the market with a CAGR of 3.8% in 2033.
From 2023 to 2033, paper cup lids market is expected to flourish at a CAGR of 3.9%.
By 2033, the market value of paper cup lids is expected to reach US$ 47.9 billion.

“Customization and personalization, across the globe, is a major factor that is expected to propel the growth of the paper cup lids market in the near future,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the paper cup lids market are Lollicup USA, Inc., Huhtamaki Group, Bemis Company, Inc., Modi Sp. z o.o., Mondi Group, LidWorks Co., Paper Cup Company, Amcor Limited, Simply Lids, Stanpac Inc., Fabri-Kal Corporation, and Printed Cup Company among others.

Recent Developments:

In 2022, RPC Group announced the development of a new technology for paper cup lids that improves their durability and puncture resistance.
In 2021, Dart Container launched its new “Eco-Lid” line of paper cup lids made from recycled materials.
In 2021, Sabert Corporation announced the expansion of its paper cup lids manufacturing capacity in North America.

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More Valuable Insights Available

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

To understand opportunities in the paper cup lids market, the market is segmented on the basis of material type (plastic, metal, foam, and paper/paperboard), by product type (specialty lids, hot lids, and cold lids), by diameter (more than 80 mm, 50 mm – 80 mm, and less than 50 mm), and by end use (foodservice industry, food & beverage, ice creams, fruit juices, alcoholic drinks, soft drinks, tea and coffee, and dairy products), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide 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 on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Global Paper Cup Lids Market

By Material Type:

Plastic
- Polylactic acid (PLA)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyethylene (PE)
- Polypropylene (PP)
- Others
Metal
Foam
Paper/Paperboard

By Product Type:

Specialty Lids
Hot Lids
Cold Lids

By Diameter:

More than 80 mm
50 mm – 80 mm
Less than 50 mm

By End Use:

Foodservice Industry
- Coffee Shops
- Food Delivery Services
- Quick Service Restaurants
Food & Beverage
Ice Creams
Fruit Juices
Alcoholic Drinks
Soft Drinks
Tea and Coffee
Dairy Products
- Creams
- Yogurt

Region:

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

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Mineral Yeast Market Growth Projected at Strong 10.3% CAGR Over 2024 to 2034 | Analysis by Future Market Insights

The mineral yeast market is likely to be valued at US$ 79.2 million in 2024 and is anticipated to reach US$ 211.2 million by 2034. The market is expected to evolve at a CAGR of 10.3% from 2024 to 2034.

Packed with B12 and antioxidants, mineral yeast is a reliable source to protect the body from environmental toxins. Industries such as food and beverages, animal feed, cosmetics, and skincare, among others, are driving the market during the forecast period. Innovation of products with the aromatic properties of yeast is rising demand for yeast products in nutritional baking formulations.

The food and beverage industry is seeing mineral yeast, enriched with essential minerals like zinc, selenium, iron, and magnesium, being incorporated into various products. From bakery items to dairy alternatives, functional beverages, and snacks, mineral yeast is recognized for its ability to enhance both the nutritional profile and flavor of food and beverage offerings. The growing trend of functional and health-conscious consumer choices has fueled the adoption of mineral yeast as a natural and bioavailable source of essential minerals.

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Animal nutrition constitutes another significant end-use application for mineral yeast. Livestock and poultry require essential minerals for growth, reproduction, and overall well-being. Mineral yeast, when incorporated into animal feed formulations, serves as a natural and bioavailable source of minerals, contributing to the health and productivity of animals. As the global demand for high-quality animal products continues to rise, the inclusion of mineral yeast in animal nutrition is expected to remain a key practice.

“There is increasing consumer demand for health and wellness products as consumers become more health-conscious, leading manufacturers to develop and promote mineral yeast products. Manufacturers are extolling the virtues of zinc yeast in their advertising activities. This strategic response aligns with the consumer’s preference for functional and health-enhancing products, thereby driving sales,” says an FMI analyst

Key Takeaways from the Mineral Yeast Market:

Between 2019 and 2024, the mineral yeast market progressed at a CAGR of 7.8%.
Japan is set to record a CAGR of 9.4% in the mineral yeast market over the forecast period.
Other Asian countries with the potential for mineral yeast demand include China and India. The market is expected to register a CAGR of 6.7% and 8.0% in China and India, respectively, over the forecast period.
The sales of mineral yeast are expected to register a CAGR of 10.3% in the United States.

Competition Analysis of the Mineral Yeast Market

Keeping the product line moving and innovative launches are a key focus for market players. Collaborative strategies, as well as mergers and acquisitions, are being resorted to expand demand. Some of the key companies in the market include SCETI K.K., LALLEMAND Inc., AB Biotek Human Nutrition & Health, and Angel Yeast Co., Ltd.

For instance, in 2022, Angel Yeast, a yeast extract manufacturer, displayed a wide array of yeast-infused products at FIC 2022 in Guangzhou, China.

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Mineral Yeast Market by Category

By Product Type:

Zinc Yeast
Calcium Yeast
Selenium Yeast
Iron Yeast
Others (Magnesium Yeast)

By End-use Application:

Food and Beverages
Animal Feed
Cosmetics and Skincare
Agriculture
Dietary Supplements
Others (Pharmaceuticals)

By Region:

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

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Website: https://www.futuremarketinsights.com
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Vitamin Yeast Market Forecast to Reach USD 148.0 Million by 2034 with 8.3% Annual Growth

The vitamin yeast market is valued at US$ 66.7 million in 2024, and it is projected to reach US$ 148.0 million by 2034. Over the next decade, global vitamin yeast demand is likely to increase at a promising CAGR of 8.3%.

Yeast is extensively used in the food industry and dietary supplements as a valuable source of essential nutrients, particularly B vitamins. Among other vitamins, yeast’s protein and mineral content contribute to its nutritional appeal among health-conscious consumers.

Growing demand for dietary supplements is likely to propel sales of vitamin yeast, which helps meet daily nutritional needs. Growing knowledge that consuming vitamin yeast is instrumental in preserving neurological processes, energy metabolism, and general health is supporting market growth.

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For many people on plant-based diets, yeast supplements, which frequently include fortified vitamin B12, are an easy way to get this crucial nutrient, which is normally found in animal products. The growing emphasis on overall health has resulted in a rise in the use of supplements containing yeast in daily routines.

“Vitamin yeast market has been experiencing significant growth and attention in recent years due to its increasing use in the food and beverages industry as well as in dietary supplements,” says a lead analyst at FMI

Key Takeaways from the Vitamin Yeast Industry Report:

The global vitamin yeast marketis expected to reach a valuation of US$ 148.0 million by 2034.
Japan is projected to have a leading value share of 1% in the global market by 2034.
The market for vitamin yeast in the United States is estimated to reach a valuation of US$ 31.6 million by 2034.
India vitamin yeast sales to reach a valuation of US$ 19.5 million by 2034.
Germany is projected to hold a value share of 1% in the global market by 2034, dominating the industry in Europe.
The United States is leading the sale in terms of value and volume share and is calculated to have a value share of 4% in the market by 2034.

Competitive Landscape

Now Foods, Amway, Urban Platter, Bragg Desire, Sharrets Nutrition, and Namo Organics are key vitamin yeast manufacturers listed in the report. Many of these companies are employing laser focus to extend their product portfolio, supported by vigorous research and development activities. Other key strategies that promote market growth are acquisitions, mergers, advertisements, agreements, and partnerships.

Recent Developments in the Vitamin Yeast Market

In August 2023, Kerry introduced Wellmune Adapt, which is a 2-in-1 ingredient fusion for stress and immunity. The product contains baker’s yeast beta 1,3/1,6 glucan ingredient.
In October 2023, Cult Food Science introduced Vegan Cat Treats through its sub-brand Noochies. The new product deploys the firm’s patented Bmmune nutritional yeast ingredient.
In 2022, Angel Yeast, a yeast extract manufacturer, showcased its yeast-based products in food additives and ingredients expo at FIC in China. The company’s offering included health and fermentation ingredients.

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Vitamin Yeast Market by Category

By Vitamin Composition:

Single Vitamin Yeast Products
Multivitamin Yeast Products

By Application:

Food and Beverages
Dietary Supplements
Pharmaceuticals
Others (Aquaculture, Sports Nutrition)

By Product Claim:

Organic
Non-GMO
Gluten-free
Other

By Region:

North America
The Middle East and Africa
Asia Pacific
Europe
Latin America

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Frozen Sardine Market Set for 3.6% CAGR, Projected to Reach USD 10.56 Billion by 2034

The frozen sardine market is valued at USD 6,867.0 million in 2024 and is anticipated to reach USD 10,559.8 million by 2034. Over the next decade, the demand for frozen sardines is likely to increase at a CAGR of 3.6%.

Key success factors for frozen sardine producers involve a combination of factors spanning quality, sustainability, and market responsiveness. Ensuring the quality of frozen sardines is paramount, encompassing aspects such as freshness, taste, and texture. Employing advanced freezing technologies and adhering to stringent quality control measures contribute to maintaining the high standards that consumers seek.

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Embracing sustainable fishing practices and obtaining relevant certifications are critical in meeting the growing demand from environmentally conscious consumers, fostering long-term success. Furthermore, staying attuned to market trends, consumer preferences, and technological advancements allows frozen sardine producers to innovate their products, expand their offerings, and effectively navigate the dynamic seafood market.

The strategic considerations in distribution and marketing play a pivotal role. Establishing efficient distribution networks ensures that frozen sardines reach consumers promptly, maintaining product quality throughout the supply chain. Successful marketing strategies involve highlighting the nutritional benefits of sardines, emphasizing convenience in cooking, and addressing the preferences of diverse consumer segments. Building a strong brand reputation and fostering transparency in sourcing and production processes contribute to consumer trust.

“The market’s response to the growing preference for frozen sardines, coupled with the rise in demand for certified organic sardines within the premium seafood segment, reflects a strategic alignment with consumer expectations. The cost-effectiveness of sardines relative to other species with similar nutritional profiles positions them as a compelling choice for value-conscious consumers,” says an analyst at Future Market Insights.

Key Takeaways from the Frozen Sardine Market Report

The frozen sardine marketis expected to reach a valuation of US$ 10,559.8 million by 2034.
The demand for frozen sardines is likely to rise at a 6% CAGRover the forecast period.
Based on the freezing process type, the BQF segment is anticipated to expand significantly over the forecast period.
South Asia is projected to hold a dominant value share of 4% of the market in 2024.
China’s frozen sardine market is projected to grow at a CAGR of 5.6% over the forecast years.

Competition Analysis

Key players are focusing on diversifying their product range by offering marinated or flavored frozen sardines to capture more customers. Additionally, they are spotting the markets with untapped potential to exercise the first-mover advantage.

Several customers are now paying attention to the sustainability of the food they are consuming. Seeing this common thread across many countries, leading players have begun with their sustainability journey, managing the sardine fisheries sustainably. Thus capturing retailers and consumers who prioritize sustainability.

Players are further tying up with eCommerce giants or building their online presence with their unique websites to make frozen sardines easy to access.

Latest Developments

In August 2023, Fishwife introduced two new sardine flavors.
In November 2020, Guinbe Food Corporation announced the opening of a big-scale sardine canning factory in Bicol owing to the abundance of sardines in Sorsogon.

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Frozen Sardine Market Segmentation

By Freezing Process Type:

By Packaging Type:

Box or Carton
Bags
Tin Cans
Pouches
Other packaging Types

By Form:

Whole
Fillet

By Distribution Channel:

Retail/Household
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Seafood Stores
- Online Retailers
Food Service Industry

By Region:

North America
Middle East and Africa
Asia Pacific
Europe
Latin America

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Spice Coated Casing Market Expected to Surge to USD 629.5 Million by 2034, New Analysis Shows

The global spice coated casing market is expected to be worth US$ 429.4 million in 2024. The sector is expected to be valued at US$ 629.5 million by 2034, expanding at a CAGR of 3.9% between 2024 and 2034. With a spike in popularity across numerous cuisines and food applications, the market for spice-coated casing is seeing expansion driven by rising consumer demand for delicious and creative food items. The rising popularity of ethnic meals and new culinary trends support the spice coated casing market’s rise.

The growing trend of consumers making health-conscious purchases has led them to select spice-coated food casings over traditional ones. The perceived flavor benefits of adding extra spice to meal portions may be responsible for the rise in demand. The increasing population and urbanization drive growth in the market for spice coated casing. The market is growing because of shifting customer preferences for artificial casings and improved spice adhesion provided by these coated casings. Furthermore, the need for spice coated casings is rising because of the rise in fast food chains and modernity, particularly in Asian countries.

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Consumers’ preferences for handy goods develop, and the cost of producing artificial casings decreases. The taste of food products is improved by these casings, which also provide extra features like a zipper, quick opening, and uncoated clip support, which drives rising demand for alternatives.

“Spice coated casings market is positive due to the growing demand for flavored and ready-to-eat meat products, as consumers seek unique and exotic flavors. The convenience of these products and the trend of snacking and indulgence are driving their popularity. Manufacturers invest in developing innovative, premium-quality spice coatings to cater to consumers’ evolving preferences.” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways from the Spice Coated Casing Market

The roll tubing casing segment is set to capture a significant 42.3% share of the spice coated casing industry in 2024.
The plastic casings are estimated to dominate with a 35.3% market share in 2024.
The United States spice coated casing industry is projected to experience a CAGR of 2.9% through 2034.
Germany spice coated casing market is expected to demonstrate a CAGR of 2.6% through 2034.
The France spice coated casing industry is anticipated to see a CAGR of 3.3% through 2034.
Japan spice coated casing industry showcases a CAGR of 2.8% through 2034.
China spice coated casing market is expected to display a modest CAGR of 5.4% through 2034.

Competitive Landscape

The spice coated casing sector is a fiercely competitive market, driven by price tactics, marketing campaigns, research and development, and the creation of novel products. Due to its fragmentation and intense competition, strategic decision-making and competitive pressures are given more weight. Players invest heavily in research and development to produce effective food layer casings.

Strategic partnerships and collaborations are crucial for businesses to increase market share and operational efficiency. Companies can achieve shared objectives by utilizing each other’s resources and abilities. Marketing strategies, such as new releases and collaborations, can increase the spice coated casing market, raise product awareness, and gain a competitive advantage. Continuously developing new strategies helps businesses stay ahead of the curve.

Recent Developments in the Spice Coated Casing Market

Handtmann launched the PVLH-251 AL system in August 2023, which automates the production process for medium-scale and industrial sausage producers. The system includes portioning, linking, and hanging cooked and dry sausages in cellulose and collagen casing.
The ‘Slow Food in Western Visayas’ culinary and rural tourism event was arranged by the Department of Tourism in September 2023 to elevate the region to the forefront of the Philippines’ slow food travel program expansion.
Sahlen Packing Co. began selling 16-ounce packages of Sahlen’s Tender Casing Pork & Beef Smokehouse Hot Dogs and 13.7-ounce packs of Sahlen’s Tender Casing All Beef Smokehouse Hot Dogs in some Food Lion locations in November 2023.

Key Companies in the Spice Coated Casing Market

Kalle GmbH
Almol (Australia) Casing Pty Ltd.
Natural Casings Company Inc.
Walsroder Casings GmnH
Viskase Companies, Inc.
MCJ Casings Ltd.
World Casings Corporation
Rugao Qingfeng Casing Co.
Elshazly Casings Company
DAT-Schaub Group, Saria Se And Co. Kg

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Key Segments

By Product Type:

Rolled Tubing Casings
Flat Sheets Casings
End Sealed Casings
Cut Sleeves Casings

By Coating Type:

Plastic Casings
Spice sheets
Spice cut pieces
Spice reels

By Material Type:

Real parchment
Woven fabric
Protein coated woven fabric
Plastic coated woven fabric
Hardened protein

By Application Type:

Dry sausage
Smoked pork and ham
Cheese

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Feed Barley Market Set to Surpass USD 2.125 Billion by 2034 Amid Livestock Sector Growth

Global feed barley sales are expected to be valued at around US$ 1,232.3 million by the end of 2024. The market is projected to register a 5.6% CAGR in the forecast period from 2024 to 2034. It is anticipated to reach a market valuation of US$ 2,125.0 million by 2034.

Cereal grains like barley are mainly fed to fish, fowl, and other animals. In temperate climates, it is typically utilized as livestock feed grain.

Barley is regarded as a good source of tryptophan, lysine, cysteine, methionine, and protein. It also has an excellent metabolizable value of energy for ruminants and a high energy digestibility.

In diets containing dairy and beef, barley is crucial for generating rumen microbial yields. It is packed with nutrient feed choice that offers the vital proteins, fibers, and carbohydrates needed to promote an animal’s growth and development.

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The bulk of barley used globally is produced in Russia, with Germany, France, and Ukraine following closely behind. The United States of America, Australia, Canada, Spain, Türkiye, and the United Kingdom round out the top ten nations.

More than 75% of the world’s barley production is produced in the top 10 countries, of which 85% is used for feed. Saudi Arabia is the world’s largest importer of barley, importing about 29% of all barley exports.

When compared to other grains like corn or wheat, feed barley is frequently thought of as a more affordable feed item. It provides an affordable, substantial source of nutrients. Because of this, it is a desirable option for livestock farmers who want to minimize the cost of feed formulation without sacrificing animal nutrition. As a result, feed barley is widely used in the livestock sector.

Meat and dairy consumption in China has increased significantly as a result of the country’s fast-expanding population. As a result, the livestock sector has grown significantly, which is anticipated to increase the demand for animal feed. Feed barley is prized for its nutritional qualities, which include high energy content and fiber, which make it a perfect component for animal feed.

Key Takeaways from the Report-

The estimated worth of the global feed barley market is US$ 1,232.3 million in 2024.
Russia’s feed barley market is expected to hold a 40% of share in 2024.
Germany is expected to hold a significant CAGR of 5.0% in the feed barley industry through 2034.
Based on type, hulled barley is estimated to dominate the feed barley industry by holding a share of 98.3% in 2024.
Based on application, livestock is expected to hold a market share of 85.6% in 2024.

“The high demand for red meat in Germany and the United Kingdom is expected to flourish feed barley sales in the estimated period. With growing awareness of the importance of sustainable meat processing methods, the demand for feed barley is set to rise,” – says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Several companies prioritize environmentally friendly operations and product certifications in response to the increasing demand for natural and sustainable components. In addition, they aim to strengthen their position in the market and capitalize on the growing demand by prioritizing customer preferences, innovation, and quality.

For instance,

New barley varieties, such as food barley, forage barley types, and traditional feed barleys for feed grain, were launched by Highland Specialty Grains in 2023.
Mintec declared in August 2023 that it was getting ready to launch monthly Mintec Benchmark Prices (MBP) for Argentine feed barley. Participants in the market can provide feedback on this proposal.

Key Companies Profiled

New Country Organics, Inc.
Stone House Grain
The Scoular Company
Highland Specialty Grains
Soufflet Group
GrainCorp.
Cargill, Incorporated
ADM
Ardent Mills
AZMY GROUP LLC
Other Players

Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.

The global feed barley market is segmented by type (hulled barley and naked barley), application (aquaculture, livestock, and pet food), nature (organic and conventional), and region from 2024 to 2034.

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Feed Barley Market Outlook by Category

By Type:

Hulled Barley
Naked Barley

By Application:

Aquaculture
- Fish
- Shrimp
- Shellfish
- Others
Livestock
- Poultry
- Ruminants (Cattle, Sheep, Goats)
- Swine
- Equine
- Others
Pet Food
- Dogs
- Cats
- Horses

By Nature:

Organic
Conventional

By Region:

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

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Vegan Collagen Market Set for 9.1% CAGR Growth Through 2034 Amid Increasing Demand and Population Boom

According to Future Market Insights (FMI) analysis, the Global Vegan Collagen Market is expected to reach US$ 150.1 million in 2024. The market is projected to expand at a CAGR of 9.1%, reaching US$ 357.7 million by 2034.

A primary driver of the vegan collagen market is the growing inclination of consumers toward functional and naturally produced components. Vegan collagen is becoming increasingly popular as people seek ethical and ecological options. This is especially applicable in the health and cosmetic market.

The development of several forms of vegan collagen, including plant-based collagen peptides and fermentation techniques, has further propelled the market’s expansion. Multiple industries are incorporating vegan collagen into their products and services to gain traction.

Vegan collagen products are becoming popular as consumers seek plant-based collagen substitutes rather than animal collagen. The market also benefits from the increased awareness and adoption of vegan & cruelty-free lifestyles.

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Applications of vegan collagen have grown over time in several industries, including food, pharmaceuticals, nutraceuticals, cosmetics, personal care, and more. In the food sector, it is used in functional food and dietary supplements to enhance the body’s nutritional deficiency and skin health.

With the increasing demand for vegan collagen in cosmetic goods, the cosmetic market makes a substantial contribution to the market’s growth. The market provides a range of product types to meet the needs of different industries and consumers, such as liquid solutions, serums, gummies, capsules, and powders. The market offers growth opportunities for international expansion in unexplored markets and the development of innovative plant-based collagen sources.

Key Takeaways from the Report-

The global vegan collagen market is expected to reach a valuation of US$ 357.7 million by 2034.
The market is expected to surge at a CAGR of 9.1% over the forecast period.
The powder form is estimated to hold a market share of 75.4% in 2024.
Germany is estimated to have a value CAGR of 10.2% during the forecast period.
Japan is projected to surge at a CAGR of 7.5% through 2034.

“The global vegan collagen market is driven by increasing consumer preference for functional and naturally sourced ingredients in cosmetic & health supplement products. Developing several forms of vegan collagen and growing awareness & adoption of vegan and cruelty-free lifestyles are set to further fuel the market.” – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Report Coverage:

Attribute	Details
Estimated Value (2024)	US$ 150.1 million
Projected Value (2034)	US$ 357.7 million
Anticipated Growth Rate (2024 to 2034)	9.1 %
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	US$ million for Value, MT for Volume
Key Countries Covered	• United States • Canada • Brazil • Mexico • Germany • United Kingdom • France • Italy	• Spain • Nordic • Russia • Poland • China • India • Thailand	• Indonesia • Australia and New Zealand • Japan • GCC countries • North Africa • South Africa • Others.
Key Segments Covered	By Source: Fruits Vegetables Algae Others By Form: Powder Liquid By Application: Nutraceuticals Pharmaceuticals Food Industry Cosmetics By Region: North America Latin America Europe East Asia South Asia Middle East and Africa
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunity, Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Competitive Landscape: Leading Players and Recent Developments in Vegan Collagen Market

Following are the leading players operating in the market. Companies are improving the quality of their products and access to wider market by pursuing acquisitions and mergers. This is because pooling resources, experience, and clientele can open doors to fresh talent, manufacturing sites, distribution channels, and technology.

Revive Collagen
Golde
Pai Skincare
Unived
SMPNutra
Olena Health
OZiva
SENIORITY.IN
Rejuvenated
Raw Beauty Lab
NUTRICORE BIOSCIENCES PVT. LTD
HealthKart
Your Super
PlantFusion
Nutricore Biosciences Private Limited
Other Players

Launching new products can assist market players in staying competitive and accommodating the changing demands of their customer base. This allows leading companies to increase their market share while attracting new customers and retaining their existing base.

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

For instance,

In 2022, Revive Collagen launched the world’s first clinically proven liquid vegan collagen supplement, which is claimed to mimic human type 1 collagen.
In 2023, Geltor introduced NuColl™, a new vegan alternative to animal-derived collagen for global hair care applications designed to improve hair smoothness, frizz, and volume control.

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Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.

The study provides compelling insights into based vegan collagen market segment based on source (fruits, vegetables, algae and others), form (powder and liquid), application (nutraceuticals, pharmaceuticals, food industry and cosmetics), and region

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Beet Sugar Market to Hit USD 7.8 Billion by 2034 as Dietary Trends Evolve | Future Market Insights, Inc.

As per the latest analysis, the global beet sugar market value is expected to total US$ 4.6 billion in 2024. Overall, beet sugar demand is projected to increase at 5.5% CAGR throughout the forecast period. Accordingly, the total market valuation is set to reach US$ 7.8 billion by 2034.

Demand in the market remains exceptionally high for granulated beet sugar. The target segment is anticipated to account for a revenue share of 45.6% in 2024. This can be attributed to growing usage of granulated sugar for different applications due to its versatility.

Several factors are expected to drive growth of the beet sugar industry during the assessment period. These include high sugar demand, expanding food & beverage industry, and rising preference for cane sugar alternatives.

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In recent years, there has been a dramatic rise in sugar demand, including beet sugar, and the trend is expected to continue through 2034. This is due to factors like population explosion, urbanization, and changing dietary patterns.

The food and beverage industry is becoming a leading consumer of beet sugar. Top food and beverage companies are incorporating beet sugar into a wide range of products. This is expected to boost the global beet sugar market during the forecast period.

The versatility of beet sugar, coupled with its natural origin, has made it a sought-after ingredient in the food industry. Hence, rising production and consumption of food products like confectioneries, bakery items, and beverages will likely uplift beet sugar demand.

Another key factor expected to foster market growth is the rising demand for natural sugar alternatives. Similarly, the trend of clean-label products will benefit the global beet sugar industry.

Top players are focusing on increasing their production capacities to meet growing consumer demand. They are also making substantial investments in new processing equipment and acreage expansion.

Key Takeaways from the Report-

The global market for beet sugar is expected to reach a valuation of US$ 7.8 billion by 2034.
By applications, the bakery products segment is set to hold a market share of 25.5% in 2034
Based on form, the granulated sugar segment is projected to account for a value share of 45.6% in 2024.
By nature, the conventional beet sugar segment is estimated to hold a market share of 70.0% in 2024.
India is expected to register a CAGR of 6.2% from 2024 to 2034.
Sales in the United States are projected to total US$ 2.7 billion by 2034.

“The global beet sugar market is a significant player in the overall sugar industry, serving as an alternative to cane sugar and high-fructose corn syrup. It is driven by the demand from the food and beverage industry, which incorporates beet sugar into a wide range of products such as confectionery, bakery items, and beverages.” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Who is Winning?

United Sugars Corporation, Now Foods, Domino Sugar, Michigan Sugar Company, Amalgamated Sugar Company, American Crystal Sugar Company, Southern Minnesota Beet Sugar Cooperative, Western Sugar Cooperative, Longmont Sugar Company, Cosun Beet Company, British Sugar, Associated British Foods plc (ABF) and others are the few leading beet sugar manufacturers listed in the report.

Key players are using a wide range of strategies to stay ahead of the competition. These include new product launches, mergers, partnerships, acquisitions, facility expansions, and collaborations.

Acquisitions and mergers are beneficial for companies in terms of improving their product quality and expanding their market reach. This is because combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.

Launching new products can help businesses meet the changing consumer demands and stay competitive. It will also allow them to attract new customers.

Recent Development:

In 2021, Béghin introduced two new ranges of sugar products in France, including French organic sugar and sugar from sugar beets.

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Beet Sugar Market Outlook by Category

By Product Type:

White Sugar
Brown Sugar

By Form:

Granulated Sugar
Powdered Sugar
Liquid Sugar

By Application:

Dairy Products
Bakery Products
Beverages
Confectionery Products
Dietary Supplements
Snacks
Others (Electrolyte Mixes and Pharmaceuticals)

By Nature:

Organic
Conventional

By Region:

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

About the Food & Beverage Division at Future Market Insights (FMI)

Future Market Insights (FMI) food & beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

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Resin Capsule Market Set to Reach USD 2.1 Billion by 2034, Fueled by Infrastructure Development and Mining Activities

By 2024, the resin capsule market is projected to be worth USD 1.3 billion. With a 5.2% compound annual growth rate, the market valuation is predicted to reach USD 2.1 billion by 2034. The market is a booming industry that offers creative anchoring and reinforcement solutions that are mostly used in the tunneling, mining, and construction sectors. Resin capsules are sealed, pre-measured resin portions that are meant to be placed into drill holes. There, they cure and solidify into a bond with the surrounding materials.

One key advantage of resin capsules is their quick and efficient installation process, which significantly reduces project timelines and labor costs compared to traditional anchoring methods. Resin capsules boast high load-bearing capacity and resistance to various environmental factors, making them ideal for use in demanding applications. The demand for resin capsules is primarily driven by the global surge in infrastructure development projects, particularly in regions with extensive construction and mining activities.

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Rapid urbanization, population growth, and increasing infrastructure investment further fuel the market’s growth trajectory. Stringent safety regulations and the need for reliable anchoring solutions in hazardous environments contribute to the market’s expansion. Innovation plays a crucial role in shaping the resin capsule landscape, with key players continuously striving to enhance product performance, safety standards, and environmental sustainability.

Advancements in resin formulation technologies and developing eco-friendly and non-toxic alternatives are driving the market forward. Strategic collaborations, mergers, and acquisitions among industry players contribute to market consolidation and foster innovation.

Key Takeaways from the Market Study

Based on catalyst type, the organic peroxide is projected to expand at 5.1% CAGR by 2034.
China is estimated to register at a CAGR of 6.1% by 2034.
South Korea experiences significant growth, projected at a CAGR of 6.3% by 2034.
Based on resin type, polyester is anticipated to expand at a CAGR of 5% by 2034.

“The increasing demand for construction and infrastructure projects worldwide serves as a significant driver for the resin capsule market,” says an Analyst at Future Market Insights (FMI).

Competitive Landscape

The competitive landscape of the resin capsule market is characterized by the presence of several key players vying for market share. These companies compete based on product quality, technological innovation, pricing strategies, and geographical presence.

Strategic partnerships, mergers, and acquisitions play a significant role in shaping the competitive dynamics of the market, with players continually seeking to enhance their offerings and expand their market reach.

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Leading Players in the Resin Capsule Industry

Sika AG
Barnes Group Inc.
Orica Limited
DYWIDAG-Systems International
Bohle AG
Rawlplug
Sormat OY
Arkema SA
Fischer Holding GmbH & CO.
Hexion Inc.
Koelner Rawlplug IP

More Valuable Insights Available

Future Market Insights offers an unbiased global resin capsule market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the resin capsule market is segmented based on Catalyst Type (Organic peroxide, Water-based, Oil-based), Resin Type (Polyester, Epoxy, Acrylic, Others), End-use Industry (Construction, Mining, Manufacturing, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

About Future Market Insights (FMI)

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