Champagne Industry to Reach USD 11.9 Billion by 2033, Fueled by Rising Consumer Preference for Premium Sparkling Wine

Champagne Market
Champagne Market

The champagne market is securing a valuation of US$ 7.3 billion in 2023 and is projected to reach US$ 11.9 billion by 2033. The market is capturing a CAGR of 5% during the forecast period.

Growing Popularity of Champagne Upsurge the Global Market

Consumers are fond of champagne due to its sparking unique taste and quality. The popularity of champagne is relatively high in France. The consumers offer each other traditional and high-quality champagne on special occasions and events.

The changing consumer tastes, growing disposable income, and increasing demand for premium drinks are expanding the global market during the forecast period. The food & beverage sector provides champagne with food items to enhance its versatility.

The food and beverage manufacturers are investing in research and development activities to develop better and more sustainable champagne. They are marketing and branding their precious products with exclusive packaging attracting consumers’ attention. The growing distribution networks and e-commerce sector are significantly driving the global market.

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Key Takeaways:

  • The champagne market is predicted to register a CAGR of 5% with a valuation of US$ 11.9 billion by 2033.
  • In the historical period, the market secured a CAGR of 2.2% between 2018 and 2022.
  • The United States is estimated to lead the global market by securing a share of 25.6% by 2033.
  • Germany is significantly growing the global market size by capturing a share of 8.4% during the forecast period.
  • With a share of 5.1%, Japan is anticipated to drive the global market during the forecast period.
  • Australia is projected to capture a share of 3.1% in the global market by 2033.

How Key Players are Advancing the Global Market?

  • The market is driven by several key players crucial in upsurging the global market. They are innovating and initiatives constantly to attract consumers’ desires in the market. Key players advancing the global market by various steps:
  • Innovating New Products: The market is highly fragmented as key players continuously launch innovative products. They are focused on consumers’ requirements and develop the products according to their changing demands.
  • Investing in Marketing:Key players invest huge amounts in marketing their products to build a trustworthy brand. They are creating sponsorship and partnering with luxury brands to expand their reach.

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  • Investing in Technology:Key players are adopting advanced technology in the market in the champagne industry. They are improving the quality and production process in the market. Several companies are adopting digital sensors to check the temperature and humidity to store champagne in optimal conditions.
  • Promote Sustainability:Many producers are focusing on the eco-friendly and sustainability of packaging champagne. These producers are likely to reduce their carbon footprints by around 50% by 2025 in the global market.

Recent Developments in the Global Market are:

  • In 2021, Veuve Clicquot launched its certified organic Champagne Extra Brut Extra Old. It comprises organic grapes that reduce carbon emissions by 50%.
  • In 2021, Piper-Heidsieck announced its newly launched Champagne Rare. This champagne is made up of eight vintages and organically grown grapes.
  • In 2021, Moet & Chandon announced its newly launched Champagne MCIII. The company initiated a sustainable program ‘Living Ties’ to reduce environmental issues.

Market by Category

By Price Range:

  • Economy
  • Mid-range
  • Luxury

By Sales Channel:

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

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Global Paper Chemicals Market Set to Expand at 1.9% CAGR, Reaching USD 46.5 Billion by 2033

Paper Chemicals Market Size
Paper Chemicals Market Size

 

The global paper chemicals market is poised for significant growth, projected to increase from USD 38.4 billion in 2023 to USD 46.5 billion by 2033, marking a compound annual growth rate (CAGR) of 1.9% over the forecast period. This expansion reflects rising demand for specialized chemicals used in the production and enhancement of paper products worldwide.

The paper chemicals industry refers to the businesses involved in the production, supply, and distribution of chemicals and additives used in the manufacturing processes of paper and paper-based products. These chemicals are essential to improve paper quality, performance, and properties during paper manufacturing and end use.

The paper chemistry market is a key support sector for the global pulp and paper industry. It is responsible for producing a wide range of paper products for packaging, printing, writing, hygiene, and other uses.

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Paper chemicals are used at numerous stages of the papermaking process to achieve specific properties and functions. They are used in processes such as pulping, bleaching, sizing, coating, and surface treatment. This helps impart properties to it such as wet strength, dry strength, printability, and barrier resistance to the final paper product.

Demand for paper chemicals is driven by aggregate demand for paper and paper-based products widely used in industries such as packaging, printing, publishing, hygiene, and construction.

As consumer preferences shift to green and sustainable products, there is an increasing focus on developing green and environmentally friendly paper chemicals that minimize the environmental impact of paper production.

The paper chemicals market is highly competitive and constantly evolving. Companies invest in research and development to create new and improved chemicals to meet the changing needs of the paper industry.

In addition, stringent environmental regulations and sustainability efforts are influencing market trends, leading to the adoption of greener methods and chemicals in the papermaking process.

Key Takeaways from the Paper Chemicals Market Report:

  • China’s paper chemicals industry is expected to reach a valuation of around US$ 10.8 billion by 2033.
  • The United States paper chemicals industry is poised to reach US$ 8.1 billion by 2033.
  • Paper chemical demand in the United Kingdom is anticipated to rise at a steady CAGR of 7% during the forecast period from 2023 to 2033.
  • Based on type, pulp chemicals are projected to surge at a CAGR of 7% by 2033.
  • The specialty chemicals segment is expected to register a CAGR of 5% from 2023 to 2033.

“The growing importance and popularity of functional chemicals that impart higher optical properties to advance printability are likewise driving the development of the paper chemicals market.” – says a lead analyst at FMI

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Competitive Landscape:

Leading paper chemicals manufacturers are constantly launching a new range of products to meet consumer demand. They are likewise using strategies such as partnerships, mergers & acquisitions, collaborations, distribution agreements and advertisements to gain a competitive edge in the market.

For instance,

  • In April 2023,AmmorIndiaannouncedstrategicexpansionplansforchemicalandsteel-relatedproductswithdeliveryreaching52
  • In March 2023, Nippon Paint announced the strategic expansion of the construction chemicals

Leading Manufacturers in the Global Market

  • Akzo Nobel NV
  • Archroma
  • Ashland Global Holdings Inc.
  • BASF SE
  • Behn Meyer Chemicals (Qingdao) Co. Ltd.

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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Organic Tea Market Set to Reach USD 2.69 Billion by 2033 with 8.0% CAGR: Rising Demand for Healthier, Pesticide-Free Beverages Drives Growth

Organic Tea Market
Organic Tea Market

The organic tea market is expected to expand its roots at a steady CAGR of 8.0% during the forecast period. The market is likely to hold a revenue of US$ 1.24 billion in 2023 while it is anticipated to cross a value of US$ 2.69 billion by 2033.

Organic products are getting more popular among customers due to changing lifestyles and the growing belief that organic products are healthier than conventional ones. Furthermore, the growing trend of consuming naturally derived and pesticide-free products will drive organic tea sales higher around the world.

Food safety has become an important priority for consumers, hence organic foods grown organically without the use of artificial fertilisers, such as organic tea leaf, are considered safer than conventional tea leaf. This is also helping the organic tea industry gain popularity.

Furthermore, the organic tea industry is predicted to expand as a result of the rising trend of organic and clean label nutritious beverages.

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Key Takeaways from Market Study

  • Based on product type, herbal organic tea is anticipated to account for over 50% of the market share over the forecast period.
  • The North America organic tea market is expected to register growth at 7.9% CAGR during the forecast period.
  • Europe is expected to account for 3/7th of the global organic tea consumption through 2032
  • Organic tea sold in tea bags is expected to hold a market share of over 40% in the forecast period
  • The supply chain for the organic tea market was severely affected by COVID-19, resulting in a slowdown in sales. However, with the recovery of the economy and rising demand for functional beverages, the market is anticipated to grow significantly.

 “Consumers seeking authentic tea experience will result in high demand for specialty tea. This is expected to aid the organic tea market growth,” says a analyst.

Competitive Landscape

The global organic tea market is moderately consolidated with the leading players focusing on launching new and innovative teas while strategically partnering and acquiring established players in the business. In addition, they are also expanding their production capabilities to allow consolidation in the market:

  • In October 2019, a leading company selling organic tea, Choice Organic Teas was acquired by Yogi Tea as a strategic move to expand their organic tea business globally.
  • Celestial Seasonings launched TeaWell in October 2019, a product line that combines organic wellness tea with a potent blend of health benefits and exquisite tastes. The range includes a variety of flavours created using a mix of herbs and botanicals. The “Daily Wellness Core” in these products is a combination of four vital ingredients: elderberry, dandelion root, panax ginseng and green rooibos.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global organic tea market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Organic Tea Market by Category By Product Type, Organic Tea Market is Segmented as:

  • True Tea
    • Black Tea
    • Green Tea
    • Oolong Tea
    • Pu-erh Tea
    • White Tea
  • Herbal Tea
    • Chamomile Herbal Tea
    • Peppermint Herbal Tea
    • Ginger Herbal Tea
    • Lemongrass Herbal Tea
    • Other Herbal Teas

By Form, Organic Tea Market is Segmented as:

  • Dried Leaf
  • Powder Leaf
  • Liquid

By Packaging, Organic Tea Market is Segmented as:

  • Cartons
  • Cans
  • Tea Bags
  • Paper Pouches
  • Other Packaging

By Sales Channel, Organic Tea Market is Segmented as:

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

By Region, Organic Tea Market is Segmented as:

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

About Future Market Insights (FMI)

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

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
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Processed Cashew Market to Exceed USD 8.79 Billion by 2032 with a 5.8% CAGR: Rising Demand for Nutrient-Rich Superfoods Fuels Growth

Processed Cashew Market
Processed Cashew Market

The global processed cashew market is set to witness growth at a CAGR of 5.8%, surpassing US$ 8,793.0 Mn by 2032, finds Future Market Insights (FMI). Growth is driven by rising demands for superfood with nutritional properties.

Consumers are increasingly interested in diets that are both sustainable and healthy. Hence, adoption of sustainable food products such as plant-based is increasing. With growing awareness of the importance of living a healthy lifestyle, preference for a natural diet is expected to propel.

With increased competition among companies producing functional ingredients as the food and beverage industry, companies are constantly innovating to design novel products in order to maintain market leadership.

Key Takeaways from Market Study

  • The processed cashew market is estimated to expand at CAGR of 5.8% over the forecast period (2022-2032)
  • In terms of nature, conventional segment of processed cashew is likely to be leading form through 2022.
  • Organic processed cashew segment will witness highest growth during the assessment period
  • Based on application, bakery & confectionery holds a dominant market share in this segment as processed cashews are widely used in cookies and biscuits.
  • South Asia is expected to dominate the processed cashew market, with India spearheading the growth during the projection period.

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“With hectic lifestyle, demand for quick, healthy, and convenient food options is surging. To capitalize on this growing demand for healthy snacks, key companies are introducing products such as nut butters, milks, roasted and coated cashews, cheeses, etc. This is likely to augment the sales in the market.”, says a Future Market Insights analyst.

Competitive Landscape.

  • In 2020, Milled announced the launch of organic cashew which are Vegan, Gluten-Free, Paleo, Keto.
  • Superior confectionery brand Chocolat Madagascar stated that they are ready to launch newest line of bars aiming the vegan sector particularly developed using fresh cashew chocolate.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an unbiased analysis of the global processed cashew market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Processed Cashew Market By Category

By Product Type:

  • Cashew Flour
  • Cashew Paste
  • Cashew Protein Powder
  • Cashew Oil
  • Cashew Butter
  • Coated/Flavored Cashews
  • Sliced and Diced Cashews
  • Others

By Nature:

  • Conventional
  • Organic

By End-Use Application:

  • Protein Bars and Powder
  • Cereals and Muesli
  • Dairy Products
    • Milk
    • Yogurt
    • Ice Creams
  • Beverages
    • Energy Drinks
    • Shakes/Smoothies
    • Coffee
  • Bakery & Confectionery
    • Biscuits/Cookies
    • Breads/Muffins
    • Cakes
    • Chocolates

By Region:

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

About Future Market Insights (FMI)

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

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
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Almond Milk Market Poised for Strong Growth: Projected to Reach USD 14.19 Billion by 2034 Driven by Health Trends and Lactose Intolerance Awareness

Almond Milk Market

The global almond milk market is expected to grow significantly, increasing from an estimated US$ 5,895.8 million in 2024 to US$ 14,193.79 million by 2034, reflecting a robust CAGR of 9.2%. This growth is driven by rising lactose intolerance rates, increasing health awareness, and a growing preference for non-dairy alternatives like vanilla almond milk. These factors contribute to the expansion of the almond milk industry, catering to consumer needs for healthier and more accessible dairy alternatives.

Increasing demand for dairy alternatives across the globe due to high prevalence of lactose-intolerance among individuals across the globe is expected to drive sales in the market over the forecast period.

Almond milk has a creamy and nutty texture, contains high amounts of calcium and vitamins and can be used in a wide variety of dishes. Rising awareness of the health benefits of almond milk is making it a preferred choice among health-conscious consumers.

The almond milk market is one of the fastest-growing non-dairy and vegan milk segments. Consumers are seeking high-quality, premium-brand, nutritious dairy products, which is compelling manufacturers to launch innovative and premium-label products. This is expected to augment demand in the market over the forecast period.

“Growing preference for organic and non-GMO food and beverages across the globe, along with increasing sales of dairy alternatives through online channels will drive the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

  • Sales of almond milk in China are expected to grow at a CAGR of 8.8% during the forecast period.
  • Demand for almond milk in the U.S. market will increase at a 7.7% CAGR over the assessment period.
  • Based on end use, demand in the food & beverage sector will continue gaining traction through 2034.
  • In terms of distribution channel, the online stores segment will account for a lion’s share of the almond milk market.
  • In 2022, the powder sub-segment is projected to account for a dominant share in the market.

Competitive Landscape

Some of the key players operating in the almond milk market include Daiya Foods Inc., Hain Celestial Group, Whitewave Foods, Sunopta Inc., Blue Diamond Growers, Galaxy Nutritional Foods, Inc., Tofutti Brands Inc, Califia Farms LLC, Earth’s Own Food Company Inc., Hiland Dairy Foods, Malk Organics LLC, Pacific Foods of Oregon LLC, etc.

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Almond Milk Market by Category

By Type:

  • Plain
  • Flavoured

By Category:

  • Organic
  • Conventional

By Packaging Type:

  • Carton
  • Glass
  • Others

By Application:

  • Beverages
  • Frozen Desserts
  • Personal Care
  • Others

By Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Stores

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
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Circuit Materials Market to Reach USD 58.0 Billion by 2033, Driven by Demand for Advanced Electronics

Circuit Materials Market Outlook
Circuit Materials Market Outlook

In 2022, the circuit materials market achieved a valuation of USD 36.7 billion, marking a significant milestone in the industry. The demand for superconductors in 2023 is anticipated to exceed USD 38.6 billion, reflecting steady growth and technological advancements. With a forecasted compound annual growth rate (CAGR) of 4.2%, the industry is poised for continued expansion over the next decade. By 2033, the revenue in this sector is projected to soar to USD 58.0 billion, underscoring the increasing demand and innovation in circuit materials and superconductors

The shift towards electric vehicles requires advanced electronic systems, including power electronics and battery management systems. This increases the need for specialized circuit materials with high thermal conductivity and better power-handling capabilities.

The development of autonomous vehicles relies heavily on sensors, cameras, LiDAR, and advanced driver-assistance systems (ADAS). All of these systems require intricate circuitry, pushing the demand for advanced circuit materials.

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Modern vehicles feature sophisticated infotainment systems, connectivity options, and communication technologies. These systems demand high-performance circuit materials to ensure efficient signal transmission and processing.

Recent years have seen an increasing emphasis on safety systems such as collision avoidance, emergency braking, and airbag deployment. This mechanism involves complex electronic components, driving the need for reliable circuit materials that can withstand harsh conditions.

Automotive manufacturers are focusing on making vehicles lighter to improve fuel efficiency. This requires the use of materials like composites and advanced circuit materials that are both lightweight and durable. As environmental concerns grow, there’s a push for more energy-efficient vehicles. This trend requires circuit materials that can handle higher power densities while maintaining efficiency and minimizing energy loss.

The automotive sector has led the way in the adoption of advanced manufacturing techniques such as additive manufacturing and flexible electronics. It is expected to drive the demand for specialized circuit materials tailored to these processes. This demands circuit materials capable of supporting high-frequency signals without significant signal degradation.

The automotive sector often adopts emerging technologies such as 5G connectivity, advanced sensors, and augmented reality displays. These technologies require innovative circuit materials that can meet their specific requirements.

Circuit materials being developed for vehicles would need to be robust enough to withstand the harsh conditions of automotive environments. Multiple Input Multiple Output (MIMO) technology, a key part of 5G, requires advanced circuit materials for the deployment of large numbers of antennas on a single device.

5G is enabling new applications such as augmented reality (AR), virtual reality (VR), and remote surgery. Circuit materials need to be created that can support the requirements of these emerging technologies.

Key Takeaways from Circuit Materials Market Report:

  • The global market is expected to reach a market valuation of USD 58.0 billion by 2033.
  • Sales of circuit materials are expanding at a CAGR of 4.2% over the forecast period.
  • The United States is projected to have a valuation of USD 9.9 billion by 2033.
  • China is projected to reach a market valuation of USD 10.9 billion by 2033.
  • By substrate, the fiberglass epoxy segment is estimated to have a value CAGR of 4.0% from 2023 to 2033.

“Deployment of 5G technology is likely to drive demand for circuit material during the forecast period. Key companies focus on continuous innovation to develop new materials with improved performance.” – says a lead analyst at Future Market Insights (FMI)

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Competitive Landscape:

Key companies are offering a diverse range of circuit materials catering to different applications. It helps manufacturers capture a broader market share from consumer electronics to automotive and aerospace. They are also forming partnerships with the leading companies to increase their market presence.

A Few Companies Present in the Circuit Materials Market:

  • Arlon EMD is a producer of specialty prepreg and high-performance laminate materials used in demanding and different fields for printed circuit board applications.
  • Dow is a pioneer in materials research and is dedicated to providing clients with cutting-edge and environmentally friendly solutions for packaging, infrastructure, and consumer care.

Leading Players in the 

  • Arlon Electronic Materials Division
  • Chang Chun Group
  • D. Enterprises, Doosan Corporation Electro-Materials
  • Dow, Inc.

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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Surging Popularity of Rice Milk Market Set to USD 1.3 Billion by 2033 Driven by Plant-Based Trends and Digestive Benefits

Rice Milk Market
Rice Milk Market

The rice milk market size is registering a valuation of US$ 0.639 billion in 2023 and is projected to reach US$ 1.3 billion by 2033. The market is capturing a CAGR of 6% during the forecast period.

How is the Popularity of Rice Milk Growing Among Consumers?

The popularity of rice milk is rapidly growing among consumers due to several factors, including:

  • Plant-based Trend: The increasing demand for plant-based and vegan trends is advancing the global market. The demand for rice milk is growing due to lactose intolerance and rising allergies to milk.
  • Digestive Benefits: Adopting rice milk among consumers improves the digestion system with its natural ingredients. It is one of the suitable alternatives for the stomach as compared to milk.
  • Allergen-free: Rice milk is made up of natural and organic flavor ingredients. It is sustainable without allergens such as soy, lactose, and nuts.
  • Mild Flavor: The demand for rice milk is rising due to its sweet, mild, natural flavor. Rice milk is a standalone beverage with versatile ingredients.
  • Nutritional Profile: Rice milk is lower in fat than other milk. It provides better nutrition, vitamins and minerals, and essential nutrients such as vitamins B and D.
  • Sustainable Option: The demand for rice milk is increasing due to its sustainability and lower greenhouse gas emissions than dairy milk, such as cow’s milk.
  • Variety: Rice milk is popular plant-based and is available in oat, soy, and almond milk varieties.

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Key Takeaways:

  • The rice milk market is predicted to register a CAGR of 6% with a valuation of US$ 1.3 billion in 2033.
  • In the historical period, the market secured a CAGR of 2.4% between 2018 and 2022.
  • India is estimated to lead the global market by securing a CAGR of 7.8% by 2033.
  • Based on end use, the food & beverages sector is estimated to register a share of 21.5% during the forecast period.
  • The market is anticipated to capture a valuation of US$ 0.639 billion in 2023.

How Key Players Are helping surge the Global Market?

Key players focus on developing sustainable, lactose-free rice milk to expand the global market. These key players are adopting marketing tactics, including collaborations, mergers, acquisitions, product launches, and agreements.

Key players are launching new products in the global market with exotic flavors and organic ingredients additions. A few of the prominent players in the market are as follows:

  • Dream Plant-based: The company offers dairy-free alternatives to their customers with a clean label and eco-friendly sourcing.
  • Vitasoy: The company provides soy-based products to their customers with the high-quality and wide availability of beverages.
  • Earth’s Own: This company provides plant-based and vegan beverages to its consumers. They are promoting their brand with distribution channels.

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Recent Developments in the Global Market:

  • In 2022, Ebro Foods announced its newly launched rice milk product with 100% organic ingredients. They offer non-toxic, artificial sugar-free rice milk containing 16% of rice content.
  • In 2021, Linda McCartney launched its plant-based rice milk with different types of varieties, including organic rice and organic soya.

Market Categorization:

By Distribution Channel:

  • Supermarket & Hypermarket
  • Online Retails
  • Others

By Form:

  • Powder
  • Liquid

By Source:

  • Organic
  • Conventional

By End Use:

  • Food & Beverages
  • Nutraceuticals & Baby Food
  • Personal Care
  • Pharmaceuticals
  • Others

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.
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Battery Electrolytes Industry to Garner USD 8.4 Billion by 2033, Driven by Rising Demand in Consumer Electronics

Battery Electrolytes Market
Battery Electrolytes Market

In 2023, the battery electrolytes market is estimated to be worth USD 4 billion, driven by the increasing demand for lithium-ion batteries and a heightened awareness of renewable energy sources. This burgeoning market is expected to witness a significant growth trajectory, reaching USD 8.4 billion by 2033, with a compound annual growth rate (CAGR) of 7.7% over the decade. The surge in adoption of electric vehicles, portable electronics, and renewable energy storage systems are pivotal factors fueling this expansion, reflecting the global shift towards sustainable energy solutions and technological advancements in battery efficiency and performance.

Factors contributing to the growth of the battery electrolytes market are mainly the recent developments in electrolytes technology and increasing application in electric vehicles. The increasing use of portable electronic devices, such as smartphones, tablets, and laptops, has led to a higher demand for high-performance batteries, expected to drive the battery electrolytes market.

Increasing awareness of cleaner energy transportation systems & increased use of electric vehicles is expected to boost the growth of the battery electrolytes market. The increasing adoption of lead acid batteries by automotive manufacturers offers numerous growth opportunities for the market players. The growing adoption of EVs worldwide has fueled the demand for lithium-ion batteries which in turn led to the growth of the battery electrolytes market.

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The increasing demand for lithium-ion battery electrolytes and the rapid increase in research & development activity led to the development of new and advanced electrolytes with improved properties, such as higher energy density, better thermal stability, and enhanced safety, this is anticipated to drive demand for battery electrolytes during the forecast period.

Increasing demand for battery electrolytes from various industries such as automotive & consumer electronics in the Asia Pacific is expected to drive the battery electrolytes market in the region. Increasing production of lithium-ion batteries in North America drives the market growth in the region.

Key Takeaways:

  • From 2018 to 2022, the market demand expanded at a CAGR of 8.8%.
  • Based on type, the lead acid segment accounts for a CAGR of 7.4%.
  • By end-use, the automotive segment is expected to expand at a CAGR of 7.1% during the forecast period.
  • North America to emerge as a promising market, capturing a CAGR of 7.6%.
  • Asia Pacific is an opportunistic market, expected to capture a CAGR of 7.6% during the forecast period.

“Growing technological innovation and increased demand for batteries in key industries are expected to drive the market in the forecast period. The increasing research & development activities to develop new electrolytes globally are projected to play a vital role in strengthening the market,” – says an Analyst at Future Market Insights (FMI).

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Competitive landscape:

Prominent players in the battery electrolytes market are BASF SE; 3M Company; Mitsui Chemicals, Inc.; LG Chem; Asahi Kasei Corporation among others.

  • Mitsubishi Chemical Corporation has been engaged in the development of advanced battery electrolytes. They have introduced innovative electrolyte additives, including lithium bis (fluorosulfonyl)imide (LiFSI), which enhance the performance and stability of lithium-ion batteries. Mitsubishi Chemical Corporation is also exploring solid-state electrolytes for next-generation batteries.
  • Solvay, a Belgian chemical company, has been working on electrolyte technologies for lithium-ion batteries. They have developed advanced electrolyte additives, such as fluorinated solvents and lithium salts, to improve the safety and performance of batteries. Solvay’s electrolyte solutions aim to increase energy density, reduce flammability, and enhance battery life.

Top Key Players in the Market

  • BASF SE
  • 3M Company
  • Mitsui Chemicals Inc.
  • LG Chem
  • Asahi Kasei Corporation
  • Mitsui & Co Ltd.
  • Daikin Industries Ltd.
  • GS Yuasa International Ltd.
  • Central Glass Co. Ltd.
  • American Elements

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Key Segmentation

By Type:

  • Lead-Acid
  • Lithium-Ion
  • Others

By End Use:

  • Automotive
  • Consumer Electronics
  • Others

By Region:

  • North American
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Beauty Supplements Market Poised for 13.6% CAGR Growth by 2033, Report Shows

Beauty Supplements Market

The global beauty supplement market value is projected to increase from US$ 2,679 million in 2023 to US$ 4,456 million by 2033. Over the forecast period, sales of beauty supplements are set to soar with a compound annual growth rate (CAGR) of 13.6%.

Several factors are anticipated to drive growth of the beauty supplement market. These include growing focus on improving aesthetic appearance, rising interest in preventive healthcare, and development of novel products with natural ingredients.

Beauty supplements are becoming an ideal means of improving skin health and beauty. These supplements contain collagen, antioxidants, vitamins, and other bioactive substances that facilitate healthy growth of cells.

As individuals search for natural ways to enhance their physical appearance and become more health-conscious, the market for beauty supplements is expanding. Hence, a positive growth trajectory has been predicted for the target business.

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In tandem with this, there has been a notable surge in people’s concerns with their physical appearance. Social media, beauty standards, and celebrity culture have made people more aware of their appearance and interested in maintaining and enhancing it.

Beauty supplements can be a convenient and non-invasive complement to regular skincare and haircare routines. They can help with problems such as brittle nails and hair loss.

The trend to look young, along with a rise in disposable income of consumers worldwide, is another prominent factor driving the beauty supplement industry. Further, growing awareness about the need for self-care is also contributing to increasing women’s adoption of beauty supplements globally.

The present-day beauty supplement market has increased significantly due to enormous investments made in research and development to produce novel items. Customer preferences in beauty supplements have been profoundly impacted by the emergence of social media platforms and beauty influencers promoting radiance-boosting vitamins.

Key Takeaways from the Global Beauty Supplement Market Study Report:

  • The global beauty supplement market is set to total US$ 4,456 million by 2033.
  • Based on key ingredients, collagen segment is set to hold a value share of 16% in 2023.
  • By form type, tablet segment is expected to account for 36% of the total revenue in 2023.
  • The United States alone accounted for 26% of the global consumption of beauty supplements.
  • Demand for beauty supplements in the United Kingdom is poised to grow 5.4% CAGR through 2033.

“Growing public awareness of the health benefits of beauty supplements is the primary factor driving the global beauty supplement industry. The likelihood of consumers using these supplements in their daily routines is rising as more studies and research highlight the advantageous effects of specific nutrients and chemicals on skin, hair, and overall physical attractiveness,” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Who is Winning?

To grow their market share, key firms are implementing collaborations, mergers, and acquisitions. They are also launching a number of innovations and diversifying their product lines to boost their sales.

For instance,

  • In 2021, HUM Nutrition, a multinational consumer products corporation, was acquired by Unilever.

What Does the Report Cover?

Future Market Insights (FMI) offers a unique perspective and actionable insights on the beauty supplement market in its latest study, presenting a historical demand assessment of 2018 to 2022 and projections for 2023 to 2033. The global beauty supplement market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on form type (tablets, capsules, liquid, powder premixes, gummies or chewable, lozenges, other form types), key ingredients (collagen, biotin’, vitamins, minerals, hyaluronic acid, omega-3 fatty acids, antioxidants, amino acids, herbal extracts, pro and probiotics, other ingredients), functionality (skin care support, nail care support, hair care support, eye care support, other functionalities), sales channel (hypermarkets or supermarkets, specialty stores, drug stores and pharmacies, convenience stores, online retail channels, other sales channels), and region (North America, Latin America, Europe, East Asia, South Asia and Pacific, Middle East and Africa).

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Key Companies Profiled

  • Nature’s Bounty Co., Ltd.
  • Nature Made Co.
  • OLLY Co., Ltd.
  • Briogeo Inc.
  • Ritual Inc.
  • Persona Nutrition
  • Garden of Life
  • Nutrafol Inc.
  • HUM Nutrition Inc.
  • Neocell Inc.
  • Swolverine
  • Thome Co., Ltd.
  • Pure Encapsulations
  • Viviscal Inc.
  • Nutricost Co., Ltd.
  • Swisse Wellness PTY Ltd.
  • NutraBlast Co., Ltd.

Beauty Supplement Market Outlook by Category

By Form Type:

  • Tablets
  • Capsules
  • Liquid
  • Powder Premixes
  • Gummies or Chewable
  • Lozenges
  • Other Form Types

By Key Ingredients:

  • Collagen
  • Biotin’
  • Vitamins
    • Vitamin A
    • Vitamin E
    • Vitamin A
    • Vitamin D
  • Minerals
    • Zinc
    • Selenium
    • Copper
    • Others
  • Hyaluronic Acid
  • Omega-3 Fatty Acids
  • Antioxidants
  • Amino Acids
  • Herbal Extracts
  • Pro and Probiotics
  • Other ingredients

By Functionality:

  • Skin Care Support
  • Nail Care Support
  • Hair Care Support
  • Eye Care Support
  • Other Functionalities

By Sales Channel:

  • Hypermarkets or Supermarkets
  • Specialty Stores
  • Drug Stores and Pharmacies
  • Convenience Stores
  • Online Retail Channels
  • Other Sales Channels

By Region:

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

About the Food and Beverages Division at Future Market Insights:

Future Market Insights facilitates corporates, government, investors, and associated audiences in the food and beverages sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

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
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Algae-based Animal Feed Market to Reach USD 8.16 Billion by 2033, According to Future Market Insights

Algae-based Animal Feed Market

The net revenue generated from the sales of animal feed worldwide was figured out to be around US$ 4,230.7 million by 2022 end. The demand for algae-based animal feed and components is anticipated to increase at an annual average growth rate of 3.7% from 2023 to 2033. By following this growth rate, the overall market value is anticipated to reach US$ 8,158.1 million, growing from US$ 4,467.4 million in 2023.

Growing acceptance of marine-based nutritional supplements has increased the demand for algae-based animal feed additives globally. Ulva, porphyra, spirulina, gracilaria, chlorella, dunaliella, and tetraselmis are used for algae-based animal feed and additives, which are gaining popularity due to their higher nutrition content. The adoption of kelp cultivation in marine ecosystems by remote area farmers has also boosted the supply of algae for industries.

The use of dietary supplements for animals with mineral contents has also increased with rising animal health consciousness and a growing focus on their immune system. Moreover, microalgae organisms have been the subject of extensive study as a potential effective protection against the extraordinary health crisis that affects ruminants.

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Key Takeaways from the Algae-based Animal Feed Market Study Report

  • The worldwide market for algae-based animal feed is expected to witness an absolute growth opportunity of roughly US$ 3,600 million over the next ten years.
  • The United States is the leading consumer of algae-based animal feed, and in 2023, it could acquire a global market share of 19.8%.
  • In Europe, the United Kingdom is the leading market for the production of seaweed feeds, and the regional market could advance at 5% CAGR through 2033.
  • China is the global leader in seaweed production, and the algae-based animal feed industry here is anticipated to progress at 7.6% CAGR through 2033.
  • India is anticipated to follow China closely in advancement in algae-based animal feed utilization by following a CAGR of 7.3% CAGR through 2033.

“Prominent market players are focussed on the development of product lines of algae-based animal feeds with more emphasis on it as a nutritional supplement. Moreover, the proliferation of e-commerce websites has increased the sales of algae-based pet food, ultimately opening new avenues and opportunities for business,” Says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape for the Algae-based Animal Feed Market Players

The overall market for algae meal for livestock is highly diversified, with some leading players having prominent positions due to extensive supply chains. As governments, particularly in Asian countries, are pushing towards a more sustainable feedstock market, the emergence of new players here could further fragment the market.
Key Companies Profiled in the Algae-based Animal Feed Industry 

  • Cargill Inc.
  • Archer Daniels Midland Company
  • DIC Corporation
  • Koninklijke DSM NV.
  • Roquette Freres
  • Sun Chlorella
  • Cellana LLC.
  • Fuji Chemical Industries Co. Ltd.
  • Algama Foods
  • Corbin (Terra Via Holdings)
  • HOWND
  • Yunnan Green-A-Bio-engineering Co Ltd.

Recent Developments in the Algae-based Animal Feed Industry 

Alltech Incorporate and Agolin Company of Switzerland partnered in May 2023 to create environmentally friendly feeding strategies to achieve productivity targets for cattle livestock. It is aimed at assisting farmers in the United States to meet their requirements for animal nutritional solutions and feed additives based on algae.

At BIOFACH in July 2022, Allmicroalgae Company presented its microalgae-based solutions for Spirulina and Chlorella together with other natural and nutraceutical food products. This development is expected to advance the chlorella animal nutrition segment with a prominent focus on the feedstock used for swine and poultry cultivation.

Fermentalg Inc. announced in the year 2021 about developing KALVEA Plus, which is a novel super-nutritious algal protein concentrate for aquafeed uses.

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Key Segments Covered by Algae-based Animal Feed Industry Survey Report

By Additive Type:

  • Feed Preservatives
  • Feed Emulsifiers
  • Feed Acidifiers
  • Feed Additives
  • Feed Probiotics
  • Feed Enzyme
  • Feed Colorants
  • Feed Flavors
  • Feed Sweeteners
  • Nutritional Additives
  • Other Feed Additives

By Form:

  • Liquid
  • Dry
  • Granules

By Livestock:

  • Ruminants
  • Poultry
  • Swine
  • Aquaculture
  • Other Livestocks

By Region:

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

About Future Market Insights (FMI)

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

Contact FMI:

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