Market Research Blog – Page 1851 – New Product Development

Global Specialty Syrup Market Expected to Hit USD 8.6 Billion by 2034

The Global Specialty Syrup Market is anticipated to continue to expand at a significant rate. It is estimated to be worth US$ 5.0 billion in 2024.

It is expected to reach US$ 8.6 billion in 2034. The market is projected to surge at a CAGR of 5.5% from 2024 to 2034.

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Drivers of Specialty Syrups Industry Growth

The market’s expansion can be attributed to the food & beverage industry’s growing need for personalized flavors. Consumer preference for convenience and ready-to-eat foods is growing, which is another factor fueling the market’s expansion.

The demand for household consumption during the pandemic stayed unchanged as customers were encouraged by the work-from-home lifestyle. They aimed to experiment with different culinary preparations and purchase novel components, including specialty syrup.

During the pandemic, this factor helped propel the market’s expansion. During the projection period, demand in the industry is expected to rise as lockdowns ease and people return to hotels & restaurants, bringing the global market back to pre-lockdown levels.

Customers are looking for better substitutes for natural and organic products. They have become more aware of the components in the items they consume.

As a result, producers are concentrating on creating specialty syrups with natural sweeteners like maple or honey.

Artificial ingredients are being avoided by renowned players. As customers become more health-conscious, the market for specialized syrups that are sugar-free and low in calories is expanding at a fast pace.

Key Takeaways from the Report-

The global specialty syrup market is expected to reach a valuation of US$ 8.6 billion in 2034.
The market is expected to rise at a CAGR of 5.5% over the forecast period.
The United States is projected to attain a market valuation of US$ 1.6 billion in 2024.
The confectionery application segment is estimated to hold a market share of 32.5% in 2024.
The United Kingdom is projected to reach a market valuation of US$ 0.4 billion in 2034.
India is estimated to rise at a value CAGR of 6.5% during the forecast period.

“Specialty syrups are becoming increasingly popular as a result of consumers’ increased desire for uncommon and exotic flavors. Specialty syrups are a convenient way to add interesting flavors to beverages and food items, satisfying the rising need from customers for unique flavors,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience.

Specialty Syrups Market Research Report Coverage

Attribute	Details
Estimated Value (2024)	US$ 5.0 billion
Projected Value (2034)	US$ 8.6 billion
Anticipated Growth Rate (2024 to 2034)	5.5 %
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	US$ billion for Value, MT for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia Middle East and Africa
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
Key Segments Covered	Type, Application, Nature, and Region
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Competitive Landscape

Consolidating through acquisitions and mergers is advantageous for companies by enhancing product quality and broadening market reach. This is achieved by consolidating resources, expertise, and customer bases, which opens doors to advancing technologies, distribution channels, and manufacturing capabilities.

New product development and launch aid companies in remaining competitive and addressing evolving consumer needs. It enables them to attract fresh clientele, retain existing ones, and augment their market presence.

Following are the leading companies in specialty syrups market

Ingredion
Bear Mountain Maple
Tippleman’s
Torani
Runamok Maple
Amoretti
Roj Syrups
ADM
Sonoma Syrup Co.
JM Posner

Recent Developments

In 2023, Torani launched Sweet Heat Syrup, a flavorful addition to their Original Syrups line. The syrup is crafted with natural flavors and pure cane sugar. It is cold-filtered to ensure a smooth taste.
In 2020, Ingredion launched Stablesweet, a low-sugar glucose syrup derived from corn. This innovative syrup enables manufacturers to produce shelf-stable products while reducing sugar content.

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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 study provides compelling insights into the specialty syrup market segment based on type (chocolate syrup, maple syrup, high-fructose corn syrup, malt syrup, fruit syrup and others), application (bakery, beverages, confectionery, and others [marinades, salads]), nature (natural and artificial) and region.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Butter Market Growth Driven by Consumer Shift Towards Natural and Healthier Dairy Ingredients

The butter market size is projected to be valued at US$ 46.8 billion in 2023, and is expected to rise to US$ 67.6 billion by 2033. The sales of butter are expected to register a CAGR of 3.8% during the forecast period.

Customer buying habits have changed over the last few years to boost sales of goods made with natural and healthy ingredients. The nutrients from naturally obtained sources are said to be healthier than those from other processed foods.

The rising popularity of dairy products is largely attributable to this trend for natural ingredients. Saturated fats, water, salt, and various milk solids are all present in butter.

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Butter consumption has also significantly increased in recent years, as a result of consumers’ growing understanding that, when consumed in moderation, butter fats are healthy.

Due to butter’s rising popularity, food processing industries have also switched the fat element from margarine to butter. The pandemic-induced increase in home cooking and baking is anticipated to continue fueling industry expansion.

Transparency is the current trend causing the most change in the food and beverage sector. Consumers are seeing a lot more creative products with shorter ingredient lists that they can identify as they want to know and understand what is going into their products.

Consumers want better-quality goods and simplicity at the same time. Butter with certain characteristics has the potential to meet the needs of the food sector.

Key Takeaways

By 2033, it is anticipated that the United States butter market account for around 75% of the North American butter market’s total revenue value shares. The market is expanding as a result of the rising demand for low-fat meals to maintain a balanced diet.
The United Kingdom has witnessed a moderate growth of 1.9%. The demand for organic butter in the United Kingdom has surged as a result of the growing trend of clean-label food goods. The market’s top players are embracing the rise in demand for inventive, new, and high-end butter products.
The butter market is predicted to grow rapidly in China. The desire for flavorful, vivid snacks is driven by changing lifestyles and rising disposable budgets. Flavored snack foods and other foods are more popular with consumers in the region, which is leading the market toward the growth of 5.1% by 2033.
The conventional segment holds the strong growth of 3.9% among others. The growing popularity of convenience food and the ongoing trend of healthy eating is the key reason accounting for segment growth.
Non-spreadable butter is growing towards an upward growth trajectory of 3.7%. Non-spreadable butter demand in the food business has increased as millennials’ preference for distinctive flavors and textures has grown.

Manufacturers are Constantly Evolving Business Models

The companies’ main priority is developing new products to satisfy the rising demand for lactose-free butter. However, putting sustainability into practice entails particular restrictions and difficulties. Due to low entry barriers and larger market potential, new players are joining the market. In areas with high demand, the rising need for lactose-free butter presents a chance for product development. Additionally, the product offers room for expansion in the small market to handle the competition.

Latest Developments

In March 2022, a well-known packaging manufacturer, Wipak UK, introduced a recyclable paper butter wrap. This wrap is the first of its kind in the United Kingdom, and the first of its kind that can be recycled at the curb with paper garbage. The carbon footprint of this wrap is also 68 percent lower than that of aluminum/low-density polyethylene (LDPE)/paper laminated market-standard wraps.

Willamette Valley Pie Company launched its newly updated look in March 2022. The company has admitted that it is updating its image to align it with its ongoing expansion and the wider range of products it offers.

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Key Segments Covered in the Market Report

By Product Type:

Cultured Butter
Uncultured Butter
Salted Butter
Whipped Butter
Others

By Processing:

Processed Butter
Unprocessed Butter

By Usage:

Spreadable
Non-spreadable

By End Use:

Food Processing
Bakery
Dairy and Frozen Desserts
Dressings and Spreads
Others

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Stores
- Independent Retailers
- Online Retailers

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

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

Global UHT Milk Market Set to Reach USD 119.79 Billion by 2033 Driven by Convenience and Health Consciousness

The UHT milk market size is expected to be worth US$ 69.09 billion in 2023 and to thrive at a CAGR of 6%. With a growing emphasis on health and wellness, UHT milk sales are predicted to reach US$ 119.792 billion by 2033. The UHT milk industry can benefit from the growing popularity of healthy alternatives to on-the-go beverages.

Several factors have contributed to the consistent rise of the UHT milk business. One of the primary factors is the growing demand for dairy products with greater convenience and longer shelf life. UHT milk does not need to be refrigerated until it is opened. Making it ideal for areas with limited fridge access or where frequent excursions to the grocery store are impractical.

Accelerating Growth: Key Drivers Propelling the UHT Milk Industry

Several driving forces are causing considerable expansion in the industry. First and foremost, convenience is important because UHT milk does not require refrigeration, providing a longer shelf life and making it easier to store and carry. This convenience appeals to customers who lead hectic lives and have limited access to refrigeration facilities.

Second, because it eliminates the need for constant refrigeration, UHT milk has seen growing demand in areas with limited cold chain infrastructure or unstable power supply. This feature has contributed to the growth of UHT milk markets in underdeveloped countries.

Demand has increased due to a growing taste for longer-lasting dairy products, as well as increased knowledge of food safety and cleanliness. Consumers like the longer shelf life without sacrificing taste or nutrients. These surging dynamics, which include convenience, infrastructural limitations, and customer preferences, are supporting UHT milk industry expansion.

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Lucrative Opportunities in the UHT Milk Industry

The market offers numerous chances for expansion and growth. For starters, rising urbanization and changing lifestyles in emerging nations increase demand for handy, long-lasting dairy products. Second, increased demand for dairy alternatives and plant-based milk creates opportunities for UHT milk derived from non-dairy sources such as soy, almond, or oat.

Third, the expanding e-commerce industry enables simple access to and distribution of UHT milk products. Packaging advancements and the introduction of value-added alternatives, such as flavored UHT milk or fortified options. Allow an opportunity to respond to a wide range of consumer tastes and nutritional needs.

Regional Outlook

The UHT milk business is well-established and growing in developed nations such as North America and Europe. UHT milk’s convenience and longer shelf life have appealed to consumers who lead hectic lives. The market’s rise has been aided by established cold chain infrastructure and stringent food safety requirements.

The UHT milk market is rapidly expanding across Asia Pacific, Latin America, and Africa’s growing economies. Due to the lack of cold chain infrastructure and inconsistent power supply in these areas, UHT milk is an appealing alternative due to its non-refrigeration requirement. Rising disposable incomes, urbanization, and shifting consumer preferences towards packaged and longer-lasting dairy products have all contributed to increased demand for UHT milk.

Key Takeaways

The United States may own 21.6% of the UHT milk market.
Germany maintained its 13.4% market share from 2023 to 2033.
Japan might capture 1.9% of the UHT milk industry.
From 2023 to 2033, Australia had a 1.2% UHT milk market share.
China’s business is expected to thrive at a 9.8% CAGR until 2033.
Between 2023 and 2033, the India UHT milk industry is expected to record a CAGR of 10.1%.
Between 2023 and 2033, the UHT milk industry in the United Kingdom is expected to register a 7.8% CAGR.

Competitive Landscape

Strong competitors with a diverse product portfolio cause fierce competition among current businesses. The key UHT milk manufacturers have a strong global presence. Consumer brand loyalty gives these companies an advantage.

Consumers in the market are looking for fresh and inventive products to help them with their daily life. UHT milk manufacturers are continuously trying to provide consumers with fresh and unique launches that exactly fit their wants, looking for possibilities in the trend.

Recent Innovations

Creamline Introduces Homegrown Dairy Range: UHT Milk, Butter, and Blends

Dairy Group (Pty) Ltd., a South African company, debuted a new range of dairy products under the trademark Creamline in August 2022. UHT milk, butter, and dairy liquid blends are among the items available. Creamline claims that its goods are manufactured from milk processed by its farmers.

Hochwald Foods’ New UHT Factory: Expanding Dairy Product Offerings with GEA Group

Hochwald Foods opened a new UHT factory in Mechernich in November 2021. For its product offerings, the company cooperated with GEA Group. With the launch of the new plant, the company can be able to process around 800 million liters of milk per year into dairy products such as UHT milk, UHT cream, and a variety of others.

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Key Segment

By Product Type:

Skimmed
Whole
Partly Skimmed
Fat filled

By Form:

Powder
Liquid

By Distribution Channel:

B2B
B2C
- HORECA
- Specialty Stores
- Modern Trade
- Convenience Stores
- Grocery Stores
- Specialty Food Stores
- Online Retailers
- Other Distribution Channel

By Source:

Animal-based Milk
- Cow Milk
- Goat Milk
- Buffalo Milk
- Other
Plant-based Milk
- Almond
- Coconut
- Soy
- Other

By End-use Application:

Infant Formula
Dairy Product
- Butter
- Cheese
- Yogurt
- Milk Powder
- Ice Cream
- Others
Bakery & Confectionery
Milk & Milk-based Beverages
Retail Sales

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

About Future Market Insights (FMI)

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

Plastic-Rubber Composite Market: Versatile Properties Driving Growth Across Diverse Industries

The plastic-rubber composites industry is anticipated to be worth US$ 2,170.9 million in 2023. By 2033, the market is anticipated to reach US$ 3,638.5 million, growing at a 5.3% CAGR over that time. These composites offer greater performance qualities when compared to single materials. These composites combine the benefits of both plastic and rubber, such as impact resistance, durability, noise reduction, and vibration dampening, to enhance the overall performance, safety, and comfort of automobiles.

The Organization for Economic Co-operation and Development (OECD) estimates that in 2022, passenger automobile sales in the UK will rise by 13.9%. In order to meet the rising demand, manufacturers are increasing their manufacturing capabilities by doubling and adding lightweight technology.

Compared to conventional materials, plastic-rubber composites offer more design and flexibility. Manufacturers focus on creating unique and aerodynamic designs which can be molded into intricate shapes and integrated with other parts. This adaptability makes it possible to create vehicles with interiors and exteriors that are both sleek and aesthetically pleasing.

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In order to increase fuel efficiency and meet strict emission requirements, manufacturers are putting more and more effort into making their vehicles lighter. These composite blends provide a lightweight substitute for conventional materials like metal, assisting in total vehicle weight reduction and fuel efficiency improvement and offering cost advantages over traditional materials. They often require less energy and lower production costs during manufacturing processes like injection molding. The ability to produce complex shapes in a single operation reduces assembly costs, making plastic rubber composites an economically viable option for automobile manufacturers.

Key Takeaways from the Plastic-Rubber Composite Market:

The plastic-rubber composites industry in the United States is predicted to reach USD 531.9 million by 2033, increasing at a 4.7 % CAGR.
The plastic-rubber composites industry in India is estimated to reach a market share of USD 163.0 million, expanding at a CAGR of 5.2% by 2033.
During the forecast period, the plastic-rubber composites industry in China is expected to reach a market share of USD 995.5 million, securing a 5.5 % CAGR.
The Plastic-Rubber Composite industry in Japan is predicted to reach USD 193.6 million by 2033, increasing at a 5.2 % CAGR.
With a CAGR of 5.1% from 2022 to 2033, the Automotive industry is expected to dominate the plastic-rubber composites industry.
With a CAGR of 4.3% from 2022 to 2033, the Industrial Equipment industry is expected to dominate the plastic-rubber composites industry.

How Does the Competition Look in the Plastic-Rubber Composite Market?

The market is Consolidated, with key players vying for market share. Key players in the industry are focusing on innovative applications, such as aerospace. They are also expanding their product portfolio to include new and emerging applications, such as sealing, resistance to UV radiation, and long-term durability. This helps them to reach a wider range of customers and grow their business. Several significant participants in this industry comprise BASF SE, Dow Inc., DuPont de, Nemours, Inc, Solvay S.A., Arkema S.A., Covestro AG, Mitsui Chemicals, Inc., LG Chem Ltd., SABIC, Sumitomo Chemical Co., Ltd., LANXESS AG, Evonik Industries AG, Celanese Corporation, Toray Industries, Inc., Teijin Limited, PolyOne Corporation, LyondellBasell Industries N.V., Kraton Corporation, Trinseo S.A., Mitsubishi Chemical Holdings Corporation, among other companies.

Market participants engaging in the production of plastic-rubber composites are moving towards the use of additive manufacturing processes, particularly 3D printing. Rapid prototyping, complex geometry, and customization made possible by 3D printing open up new design opportunities and shorten the time it takes to develop new products.

Automation technologies are being invested in by manufacturers of plastic and rubber composites to lower production costs, boost productivity, and improve product quality. Sensors and wireless technology help collect important data that is utilized to increase productivity and decrease errors.

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The Future Outlook:

The global plastic-rubber composite market is expected to see continued growth, with Asia Pacific likely to maintain its dominance. However, other regions like Latin America and the Middle East & Africa have the potential to emerge as significant players. The focus on sustainability and lightweight materials will continue to be key drivers, along with advancements in technology and manufacturing processes.

Plastic-Rubber Composite Market: Regional Analysis

Asia Pacific (APAC): This region is currently the undisputed champion, driven by the booming automotive and construction industries in countries like China and India. Their increasing demand for lightweight yet durable materials makes plastic-rubber composites a perfect fit.
North America & Europe: These established markets have a strong foundation in technology and are continuously innovating with new applications. The focus here is on high-performance composites for demanding applications in sectors like aerospace and automotive.
Rest of the World: This region is like a new driver on the track. Latin America and the Middle East are showing promising growth potential, especially with increasing infrastructure development and rising disposable incomes.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Growing Consumer Awareness and Vegan Trends Propel Global Functional Mushroom Market Hits to USD 22 Billion by 2033

The global functional mushroom market value in 2022 was calculated to be approximately US$ 9,324.7 million. According to FMI, between 2023 and 2033, it will grow at a rate of 9% annually. It also estimates that the entire valuation will have reached US$ 22,023.8 million by the end of the predicted period.

The sector has a lot of room to grow given the recent surge in the use of functional mushrooms as a healthy substitute in ordinary meals. It is projected that as more younger generations adopt vegan diets, the global market for functional mushrooms will expand. A greater understanding among consumers of the products’ capacity to maintain overall health and well-being may facilitate market growth.

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The Asia Pacific countries are anticipated to have higher growth during the forecast years since the majority of mushrooms are grown in tropical areas. It may be related to growing interest in edible mushrooms as superfoods that improve food security in impoverished nations. They are also growing in popularity in industrialised countries as a superior replacement for a variety of other nutrient-dense meals.

The expanding urban population and rising expenditures on meals with functional enhancements are two more crucial factors. Due to its substantial food and beverage sectors, Germany has a stronger need for functional mushrooms than other European nations.

Key Takeaways from this Report:

Based on geographic regions, the sales of functional mushrooms in the United States constituted 16.4% of the global revenue in 2022.
The overall demand for functional mushrooms in Germany generated a global revenue share of around 6.6% as per the 2022 records. Meanwhile, the United Kingdom is anticipated to increase at a higher rate of nearly 5.9% through 2033.
Japan is the leading country in the Asia Pacific region and it held a global market share of around 7.3% in the year 2022. On the other hand, China is expected to overtake it soon by capturing a 4.5% CAGR between the years 2023 and 2033.
The production of functional mushrooms in India is anticipated to increase at the quickest rate of nearly 8.9% during the anticipated period.
Back in the year 2022, the organic segment led the global market in terms of nature and was responsible for a revenue share of more than 21.3%.
The powdered product segment led the market and was responsible for a revenue share of nearly 23.7% in the year 2022. This was brought on by the product’s increased popularity due to its higher storage and transport feasibility.

Competitive Landscape:

Hokkaido Reishi Co., Ltd.
Om Mushrooms
Rainbo
Nammex
Half Hill Farm Inc.
Marley One
Optimi Health Corp.
Wuling (Fuzhou) Biotechnology Co., Ltd.
Landish Foods
Functional Mushrooms
Hekate
Others

The Marley Company introduced the Marley One psychedelic and functional mushroom consumer brand in June 2021 in collaboration with Silo Wellness Incorporation. Silo Wellness is a significant Toronto-based psychedelic business working on enhancing immunity and supporting gastrointestinal health and cognitive function. The first product line contains a range of tinctures made from functional mushrooms, such as lion’s mane, cordyceps, reishi, turkey tail, and Chaga.

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Key Segmentation:

By Nature:

Organic
Conventional

By Product Species:

Reishi
Shiitake
Lion’s Mane
Chaga
Maitake
Cordyceps
Tremella
Turkey Tail
Enokitake
Oyster Mushrooms
Others

By Form:

Liquid Sprays and Drinks
Powders
Capsules or Supplements
Others

By Application:

Food & Beverages
Nutraceuticals & Dietary Supplements
Pharmaceutical
Sports Nutrition and Functional Items
Cosmetics & Personal Care
Pet Care Industry
Other Applications

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa (ME&A) Market

About Future Market Insights (FMI)

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

Rising Demand for Youthful Skin Boosts Collagen Drinks Market Hits to USD 266 Million by 2023

The global collagen drinks market size is forecast to expand at 9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 266 million in 2023.

Collagen drinks are considered the building blocks of bouncy and youthful-looking skin. The collagen levels start declining somewhere around 25 years of age.

Aesthetic-conscious consumers are the key targets of collagen drinks merchants. Macro factors like inflating disposable income, enhancing the standard of living, and improving accessibility of collagen drinks are also complementing the market growth.

Collagen is found in our ligaments, skin, and muscles. Thus, the reduced levels of collagen are concerning for sports enthusiasts and sports people. Due to this factor, manufacturers are doing their best to introduce collagen-enriched drinks in the market in handy packaging for gym-goers and sports people.

Consuming collagen drinks help boost skin hydration, elasticity, and strength. Leveraging this insight, the food industry is releasing collagen-boosting beverages in different and delicious flavors to increase their acceptability in the market.

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As the health benefits of collagen drinks gain centerstage, their sales are expected to be multifold over time. Beauty brands can be seen leveraging this trend for a significant amount of time now. The effective marketing of these drinks on popular social media platforms and brand collaborations are projected to fuel the sales of collagen drinks.

Many beauty brands like Sheishedo and VityBox are continuously releasing their distinct collagen drinks, which is a testament to the swelling excitement for products that boost skin health from within.

As per reliable sources, a substantial amount of European people are prioritizing products that have a positive, lasting impact on their overall wellness and health. Collagen drinks certainly fall under this category.

The age group of 20 to 25 is also ingesting collagen drinks as a preventative measure or at the earliest when signs of aging are just beginning to be visible. Growing awareness regarding the consumption of collagen drinks at an early stage to reap its benefits is facilitating its sales.

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Top Highlights from the FMI’s Analysis of Collagen Drinks Market:

The United States collagen drinks industry acquired a 17.8% value share in 2022.
The German collagen drinks industry is projected to hold more than 5.3% market share in 2023.
The Japan collagen drinks industry is estimated to exceed 4.1% value share in 2023.
The United Kingdom collagen drinks industry is projected to pace at a CAGR of 7.6% over the forecast period.
The India market is anticipated to register an 8.8% CAGR between 2023 to 2033.
The China market is projected to expand at 5.5% CAGR over this decade.
Female end users are expected to surpass the market share of 61.5% in 2023.
The cosmetics and personal care industries are projected to exceed 32.4% value share in 2023.

Innovation Watch: Key Developments in the Market

In April 2021, Reneva Collagen Drink released a new product formulation in tandem with the launch of the green apple flavor. The collagen protein drinks category is free from any artificial color and preservatives.
In January 2023, Collibre released Swiss collagen drinks in three different varieties and formulas (VITAL, ACTIVE, and BEAUTY) in the United States. These drinks are free from gluten and are sans preservatives.
In September 2022, Nu Skin unveiled a collagen-containing drink for skin care.
In August 2022, PepsiCo released two new Rockstar energy drink flavors enriched with vitamin C and collagen.

Collagen Drinks Market by Category

By End User:

Male
Female

By Application:

Food Industry
Cosmetics & Personal Care Industry
Nutraceutical Industry
Pharmaceutical Industry
Others

By Sales Channel:

Modern Trade
Specialty Stores
Drug Stores
Online Retail Stores
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

About Future Market Insights (FMI)

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

Growing Demand for Natural Health Solutions Propels Botanical Supplements Market to USD 95.7 Billion by 2033

The global botanical supplements market size is expected to surpass a valuation of US$ 71,963 million in 2023. It is anticipated to hit a valuation of US$ 95,703.2 million by 2033. The market is forecasted to register a CAGR of 3% from 2023 to 2033.

Natural and plant-based goods are gaining popularity among customers. Since they believe they are safe and in line with their choice for natural and holistic approaches to health, many individuals are looking for alternative treatments and supplements made from botanical sources. Additionally, the market for botanical supplements has grown as a result of rising health awareness and the broad wellness trend.

Botanical supplements are frequently considered to be a component of a healthy lifestyle since consumers’ attention is becoming focused on preserving good health, avoiding diseases, and enhancing their general well-being.

Many botanical supplements provide a variety of alternatives that may be adjusted to meet certain individual needs. To achieve certain health objectives or needs, such as increased energy, reduced stress, or joint support, consumers might take supplements. Moreover, great customer interest has been generated by these goods’ personalization and customization options and has been instrumental in the market’s development.

Botanical supplements are frequently associated with several health advantages, including immune enhancement, digestive improvement, inflammation reduction, relaxation promotion, and support for general well-being. These supplements’ popularity and commercial growth are in part due to their perceived efficacy.

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People are taking proactive steps to protect their health and stave off possible illnesses as preventative healthcare receives huge attention. In line with the rising popularity of preventative healthcare, botanical supplements are viewed as a proactive strategy for promoting and improving health.

Key Takeaways from Botanical Supplements Market:

The global botanical supplements market size expanded at a notable CAGR of 7.6% from 2018 to 2022.
In 2018, the global market size stood at US$ 51,506.0 million.
The market sales accounted for US$ 68,935.42 million in 2022.
In 2022, asparagus captured a 14.60% share of the market.
In 2022, the soft gel segment secured a 24.80% share of the global market.
In 2022, the store-based segment recorded a 76.80% share of the global market.
In 2022, the United States captured a 21.9% share of the global market.
In 2022, the United Kingdom secured a 1.7% share of the global market.

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Recent Developments Observed by FMI:

Unigen Inc. unveiled two novel botanical compounds in February 2022, one intended to assist the immune system and the other to promote respiratory health. Bioflavonoids are included in attenutin, an ingredient important for respiratory health. It is also reported to improve both innate and adaptive immunity as well as IgA and IgG antibody formation and a normal level of cytokines.
As part of its continuous botanical expansion, Layn Natural Ingredients expanded its selection of botanical extracts in August 2021 by adding additional Non-GMO Project Verified botanical extracts. Layn Natural Ingredients seek to diversify its botanical range with the introduction of extracts high in polyphenol.
With ready-to-drink cans filled with hibiscus & French rose seltzer spritz, the Seltzer brand Something & Nothing has started a fashionable botanical trend. With balanced and energizing botanicals, extracts, and juices, the company aspires to produce high-quality spirits and French wines.

Botanical Supplements Market Segmentation

By Source:

Vegetables & Fruits
Herbs & Spices
Flowers
Seeds & Nuts
Leaves
Bulbs & Roots
Barks & berries
Others

By Form:

Powder
Liquid
Capsule
Bars
Gels
Granules
Oils
Others

By Distribution Channel:

Offline Stores
Online Retails

By Application:

Food & Beverages
Pharmaceuticals
Sports Nutrition & Dietary Supplements
Cosmetics and Personal Care
Pet Care Industry
Commercial Households
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

About Future Market Insights (FMI)

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

Refrigerated Snacks Market to Reach USD 131 Billion by 2033, Fueled by Changing Lifestyles and Demand for Convenient, Fresh Foods

The refrigerated snacks market is anticipated to expand its roots at an average CAGR of 4% between 2023 and 2033. The market is expected to have a market share of US$ 131.0 billion by 2033 while it is likely to be valued at US$ 88.11 billion in 2023

The changing lifestyle along with eating habits are making way for new packaged and refrigerated foods flourishing the refrigerated snacks. Furthermore, the pandemic has pushed people to stock ready-to-eat snacks that can be stored in the refrigerator.
Products like tofu, flavored yogurt, and plant-based yogurt are in high demand as refrigerated snacks are in trend. Other than this, the ease of eating with less effort is flourishing the demand for refrigerated snacks.
The FMCG brands are also introducing packaged bakery items that can be refrigerated. The refrigeration can increase the shelf life up to 7 to 14 days. Some of these products involve commercial bread, flatbreads, and cakes.
The high influence of lifestyle bloggers, key opinion leaders, and social media trends penetrating different markets through e-commerce platforms also garners market growth.
Lack of time in an urban lifestyle along with the advent of superfoods, and snack items that can be refrigerated are also advancing the sales of refrigerated snacks across the globe.

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Key Takeaways:

The United States market leads the refrigerated snacks market in terms of market share in North America. The United States region held a market share of 31.5% in 2022. The growth in this region is attributed to the high urbanization and the presence of significant ready-to-eat brands.
Germany’s refrigerated snacks market is another significant market in Europe region. The market held a market share of 7.5% in 2022. The growth is attributed to increasing influence, post-lockdown impact, and brands introducing healthy, low-carb refrigerated snacks.
India’s refrigerated snacks market thrives at a CAGR of 5.2% during the forecast period. The market’s growth is attributed to the changing lifestyle, increasing popularity of Western snacks, and high food innovation.
China’s refrigerated snacks market also thrives at a CAGR of 3.3% between 2023 and 2033. The growth is attributed to the complex weather conditions and increased sales of frozen snacks and meat.
Based on type, the savory snacks segment held the leading market share of 32.5% in 2022. The growth is attributed to the high sales of baked prosciutto, wrapped chicken rolls, tacos, pasta salads, etc.
Based on nature type, the conventional segment leads the market as it held a leading market share of 92.3% in 2022.

Competitive Landscape

The key vendors focus on introducing snacks with few preservatives and many refrigeration-friendly properties. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

Congra Brands, Inc. has introduced its summer line-up for the latest product innovation. The product line includes vegetables, single-serve, and multi-serve meals from leading brands such as Healthy Choice, Marie Callender’s, and Frontera.
Mondelez International has launched its perfect refrigerated bar with different flavors and content for the markets in America.

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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.

Polyether Modified Polysiloxane Market: Versatile Applications Driving Growth to Exceed USD 2,122.7 Million by 2033

Polyether Modified Polysiloxane Industry

In 2023, the market for polyether modified polysiloxane is expected to be valued at USD 1,278.6 million. By 2033, the market is projected to grow at a compound annual growth rate (CAGR) of 5.2%, surpassing USD 2,122.7 million. Because of the product’s many uses in a variety of industries, including construction, automotive, personal care, electronics, and textiles, demand for it is high. These materials are also valued for their distinctive qualities. The demand for PMP will rise in direct proportion to the expansion of these end-use industries.

The heightened demand for agrochemicals, driven by the need for increased agricultural productivity, has created a significant market opportunity for modified Polysiloxane polyethers. Farmers and agricultural companies are increasingly adopting advanced formulations that leverage these compounds to optimize the efficacy of agrochemical applications. By using polyether-modified Polysiloxane, they can achieve better crop protection, increased yield, and improved cost-efficiency.

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The growing awareness about sustainable agriculture practices and environmental concerns has further propelled the demand for modified Polysiloxane polyethers. These compounds are known for their biodegradability and low toxicity, making them more environmentally friendly compared to traditional agrochemical additives. This aligns with the industry’s focus on developing sustainable solutions while minimizing the ecological impact of agricultural activities.

Key Takeaways from the Polyether-modified Polysiloxane Market:

The polyether modified polysiloxane industry in the United States is predicted to reach USD 310.3 million by 2033, increasing at a 4.2% CAGR.
The polyether modified polysiloxane industry in India is estimated to reach a market share of USD 95.1 million, expanding at a CAGR of 5.4% by 2033.
During the forecast period, the polyether modified polysiloxane industry in China is expected to reach a market share of USD 580.8 million, securing a 5.6% CAGR.
The polyether modified polysiloxane industry in Japan is predicted to reach USD 112.9 million by 2033, increasing at a 5.0% CAGR.
Germany polyether modified polysiloxane industry is predicted to achieve a market share of USD 108.3 million, rising at a 4.5% CAGR during the forecast period.
With a CAGR of 5.0% from 2022 to 2033, the Agriculture industry is expected to dominate the polyether modified polysiloxane industry.
With a CAGR of 4.4% from 2022 to 2033, the ink and coating industry is expected to dominate the polyether modified polysiloxane industry.

How Does the Competition Look in the Polyether-modified Polysiloxane Market?

The polyether modified polysiloxane industry is highly competitive, with numerous players vying for market share. Key players in the industry are focusing on traditional applications, such as ink and coatings. They are also expanding their product portfolio to include new and emerging applications, such as adhesives, sealants, and lubricants. This helps them to reach a wider range of customers and grow their business. Several significant participants in this industry comprise SILIBASE SILICONE, Hangzhou Topwin Technology Development Co., ltd., Supreme Silicones India Pvt Ltd, Shin-Etsu Silicones, BASF, Evonik Industries, Anhui Sinograce Chemical Co., Ltd., Elkem Silicones, Gelest, Inc., ASTRACHEM, Dow Corning, Runhe Chemical Industry, Jebsen and Jessen Pte Ltd., Kylin Chemicals Co., Ltd., Momentive Performance Materials, among other companies.

The players in the market are focusing on differentiating their products from those of their competitors. This can be done by developing new features and functionalities, or by improving the performance of their products. For example, Momentive has developed a new line of polyether-modified polysiloxanes called Silcothane, which are designed to offer superior performance in a variety of applications.

Market participants are proactively engaging in acquisitions and partnerships to broaden their range of products and extend their market reach. An example of this strategic approach is Momentive, which successfully acquired Siltech in 2018, enabling them to enhance its product portfolio and access a wider audience.

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Segmentation Analysis of the Market

By End-Use Industry:

Agriculture
Plastic processing
Ink and coatings
Cosmetics and personal care
Pulp and Paper
Adhesives and Sealants
Textile
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
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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Kombucha Tea Market Set for Robust Growth at 12% CAGR, Reaching USD 5.4 Billion by 2033 Driven by Health Benefits and Innovation

The kombucha tea market is anticipated to expand its roots at a steady CAGR of 12% between 2023 and 2033. The market is expected to have a market share of US$ 5.4 billion by 2033 while it is likely to be valued at US$ 1.72 billion in 2023

The high imports and experiments with beverages and tea along with the health benefits of kombucha are flourishing the market growth. Furthermore, the growing demand for organic prebiotic drinks is adding value to the market’s success.
New flavors such as mango, peach, and ginger with low-sugar content and attractive packaging are making kombucha tea one of the end user’s favorites. Also, social media influence with people becoming aware is garnering market growth.
The expanding food and beverages market along with the high popularity of antioxidants and superfood-carrying beverages are helping the market bloom. The common usage of kombucha tea as a tea alternative is expected to gain traction in the market during the forecast period.
The usage of kombucha tea as an alcoholic beverage is also helping the market in gaining space around the alcoholic-beverages sector. Alongside this, the low-caffeine content is also making it the best choice over tea.
Big beverages brands are experimenting with kombucha and introducing fun and healthy drinks that help the end users in managing their chronic issues

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Key Takeaways:

The United States market leads the kombucha tea market in terms of market share in North America. The United States region held a market share of 21.2% in 2022. The growth in this region is owing to increase per-capita income, transformed lifestyle, and preference for healthy beverages.
Germany’s kombucha tea market is another significant market in Europe region. The market held a market share of 5.2% in 2022. The growth is attributed to the high awareness of prebiotic drinks, increasing food and beverages research, and development facilities, and growing popularity of functional beverages.
India’s kombucha tea market thrives at a leading CAGR of 29.4% during the forecast period. The market’s growth is attributed to the changing lifestyle, health-conscious population, and entrance of global beverage giants.
Chinese kombucha tea market also thrives at a CAGR of 6.2% between 2023 and 2033. The growth is attributed to the large FMCG consumer base and high imports.
Based on product type, the green segment held the leading market share in 2022.
Based on nature type, the organic segment dominates the market as it holds a leading market share. The growth is attributed to the high popularity of organically grown and processed products.

Competitive Landscape

The key vendors focus on launching new and exciting flavors with no-sugar or low-sugar product launches. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Market Developments:

Coco-Cola acquired kombucha maker Organic and raw trading co., which makes the MOJO brand of naturally fermented live culture, organic kombucha drinks.
Wonder Drink Kombucha has introduced its prebiotic kombucha that works as your gut’s best friend. The company has launched three flavors in can packaging that are mango kombucha, ginger peach kombucha, and Asian pear and ginger kombucha.
Humm Kombucha has revolutionized kombucha tea with zero sugar, low sugar, and no added sugar floors of kombucha. The brand has introduced probiotic soda and seltzer options.
Remedy Drinks has introduced the 30-day brewed no-sugar kombucha with A-OK in or out of the fridge quality.

Key Players Operating in the Kombucha Tea Market

Wonder Drink Kombucha
Asheville Kombucha Mamas, LLC
The Coco-Cola Company
GT’s Living Foods
Humm Kombucha
Remedy Drinks
Toyo Kombucha
Brew Dr. Kombucha
Kombucha
Yogi Tea
The Tea Kombucha
Others

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Key Segments Covered

By Nature:

Organic
Conventional

By Product Type:

Green Tea
Black Tea
Oolong Tea
Others

By Flavor Type:

Regular/Unflavored
Flavored

By Sales Channel:

Modern Trade
Convenience Stores
Traditional Grocery Stores
Specialty Stores
Online Retail Stores
Others

Key Regions Covered:

North America
- The United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)

About Future Market Insights (FMI)

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