Market Research Blog – Page 1862 – New Product Development

FMI Estimates Global Merchandising Carts Market Share to Surpass USD 5.8 Billion Mark by 2033, Growing Steadily at 4.1% CAGR

The global merchandising carts market is steadily ascending, with a projected value of USD 3.9 billion in 2023. This upward trend is primarily fueled by the burgeoning popularity of food trucks and street vendors, fostering a conducive environment for the thriving merchandising carts market. Looking ahead, a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2033 is anticipated, propelling the market to an impressive USD 5.8 billion by 2033.

Adding depth to this narrative is the compelling aspect of sustainability. In an era where both retailers and consumers prioritize the environmental impact of their choices, eco-friendly solutions are gaining significant prominence. Sustainability has emerged as a pivotal consideration in the design and production of merchandising carts, further enhancing their appeal in the global market.

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Driving Market Expansion: The Confluence of Mobile Retailing and Unique Shopping Experiences

Fueling the Market via Mobile Retailing:

In a landscape increasingly defined by mobile retailing, the demand for merchandising carts has witnessed a substantial upswing. These carts have emerged as pivotal tools, facilitating businesses in adeptly showcasing and vending their products across a spectrum of non-traditional locales, transcending the confines of conventional brick-and-mortar establishments. Mobile retailing, a concept that entails the direct delivery of retail encounters to the target audience, materializes through the strategic deployment of temporary or pop-up shops at vantage points.

Catalyzing Growth through Unique Shopping Experiences:

The surge in the pursuit of distinctive shopping experiences stands as a prominent growth catalyst poised to invigorate the merchandising carts market. In the contemporary digital milieu, where online shopping commands precedence, consumers actively seek encounters that transcend the mundane. Within this context, merchandising carts manifest as potent conduits for retailers to craft immersive shopping realms that transcend the ordinary precincts of brick-and-mortar stores.

Venturesome establishments are leveraging merchandising carts to orchestrate pop-up shops and transitory displays across diverse settings such as malls, events, festivals, and public domains. Facilitated by mobile retail configurations, retailers wield the capability to present their merchandise directly to their target demographic, effectively fostering a climate of exclusivity. The arresting visual appeal of meticulously designed merchandising carts operates as a magnet, effortlessly drawing the attention of passersby and inciting an exploration of the artfully curated product gamut.

Synchronizing Mobile Dynamics with Enhanced Experiences:

As the market surges forward, the harmonious convergence of mobile retailing dynamics and the yearning for memorable interactions forms a symbiotic relationship that drives innovation. Astute businesses recognize the strategic advantage of presenting their offerings in a mobile, visually captivating format that resonates with contemporary sensibilities. By integrating agile, on-the-move retailing mechanisms with the allure of experiential shopping, enterprises can effectively capture consumer attention, create resonance, and establish enduring connections.

Steering Ahead: Capitalizing on the Mobile-Experience Nexus

In essence, the momentum within the merchandising carts market lies at the crossroads of mobile retailing ingenuity and the pursuit of distinctive shopping narratives. Astute businesses poised to traverse this intersection are poised to not only navigate the evolving commerce landscape adeptly but also sculpt remarkable, tailored retail journeys that translate into customer loyalty and sustained growth.

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Key Players:

Distinguished participants within the merchandising carts market encompass National Cart Co., Americana Companies, Wanzl Metallwarenfabrik GmbH, Cari-All Group, Unarco Material Handling, Inc., Versacart Systems, Inc., RB Wire Products, Inc., Kaili Manufacturing Co., Ltd., Retail Handling Solutions, and Technibilt, among a constellation of other notable entities.

Market Segments:

By Product Type:

Metal Carts
Wood Carts
Plastic Carts
Wire Carts
Others

By Application:

Retail Stores
Supermarkets
Convenience Stores
Specialty Stores
Food Service
Hospitality Industry
Industrial Facilities
Healthcare Facilities

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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

Contact Us:

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

Rosmarinic Acid Market to Top USD 309.6 Million by 2033, Boosted by Expanding Applications in Food and Cosmetic Industries | Future Market Insights, Inc.

According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at US$ 130.0 million in 2023. It is further poised to thrive at a CAGR of 9.1% during the forecast period 2023 to 2033. By 2033, total market size is projected to reach US$ 309.6 million.

Globally, the rosmarinic acid market is expanding at a rapid pace. This is attributable to an increase in applications across a variety of industries.

Rosmarinic acid is a polyphenolic chemical found naturally in herbs like rosemary, basil, and sage. It has antioxidant qualities and may have numerous health benefits.

Rosmarinic acid has also shown encouraging results as a feed supplement in boosting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in animals. As a result, it is increasingly being employed in animal feed applications, which is expected to drive the market.

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With increasing consumer interest in natural ingredients with potential health benefits, the rosmarinic acid industry is expected to witness sustained growth across multiple sectors including food, healthcare, and personal care.

The antioxidant qualities of rosmarinic acid make it an excellent choice for skincare products. Because of its antioxidant and anti-inflammatory characteristics, it can help battle oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin.

Rosmarinic acid has beneficial effects on conditions such as allergies, inflammation-related diseases, and skin disorders. As a result, it is being widely used in dietary supplements or incorporated into pharmaceutical formulations.

Rosmarinic acid has also demonstrated excellent results as a feed addition in improving animal growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices. As a result, it is increasingly being used in animal feed applications, which is expected to drive the market.

Key Takeaways from the Rosmarinic Acid Market Report:

The global rosmarinic acid market is expected to reach a market valuation of US$ 129.2 million by the end of 2033.
By application, food & beverages segment is predicted to reach a valuation of US$ 22.6 million in 2023.
The United States rosmarinic acid industry is projected to attain a valuation of US$ 102.4 million by 2033.
China market is anticipated to reach a valuation of US$ 17.2 million by 2033.
Rosmarinic acid demand in India is estimated to rise at a CAGR of 10.4% during the prediction period.

“The rosmarinic acid industry is witnessing lucrative growth, driven by its versatile applications in food, pharmaceuticals, cosmetics, and agriculture. Increasing consumer demand for natural ingredients and their potential health benefits further contributes to the market’s expansion.” – says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Who is Winning?

Naturex (part of Givaudan), Kalsec Inc., Nutra Green Biotechnology Co., Ltd., Layn Natural Ingredients Corp., Hunan E.K Herb Co., Ltd, Monteloeder, Kingherbs Limited, Hunan Nutramax Inc., Changsha Vigorous-Tech Co., Ltd., Shaanxi Yi An Biological Technology Co., Ltd, Blue California, and others are the few leading players operating in the market.

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

Similarly, launching new products can help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their market share. For instance,

In 2020, Blue California and biotech developer Conagen commercialized Rosavel®, a next-generation natural preservation solution with 98% high-purity rosmarinic acid.

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Get More Valuable Insights

FMI has released an objective assessment of the global rosmarinic acid industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

The study reveals market projections based on product type (>96% purity and <=97% purity), form (powder and liquid), application (food and beverage, pharmaceuticals, nutraceutical, cosmetics & personal care, and animal feed), and region

Key Companies Profiled

Naturex (part of Givaudan)
Kalsec Inc.
Nutra Green Biotechnology Co., Ltd.
Layn Natural Ingredients Corp.
Blue California
Hunan E.K Herb Co., Ltd
Monteloeder
Kingherbs Limited
Hunan Nutramax Inc.
Changsha Vigorous-Tech Co., Ltd.
Shaanxi Yi An Biological Technology Co., Ltd

Rosmarinic Acid Market by Category

By Product Type:

>96% Purity
<=97% Purity

By Form:

Powder
Liquid

By Application:

Food and Beverage
Pharmaceuticals
Nutraceuticals
Cosmetics & Personal Care
Animal Feed

By Region:

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

About Future Market Insights (FMI)

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

Europe Pet Food Supplements Market Projected to Surpass USD 441.6 Million by 2033 Amid Rising Pet Humanization Trends

Europe pet food supplements market sales accelerated at a CAGR of 4.7% from 2018 to 2022. For the forecast period 2023 to 2033, the Europe market for pet food supplements is expected to progress at 5.9% CAGR.

The Europe pet food supplements market size is expected to be valued at US$ 247.8 million in 2023. It is likely to cross revenues of US$ 441.6 million by 2033, as per Future Market Insights (FMI).

Europe pet food supplements market is likely to be driven by factors such as increasing pet ownership, growing awareness of pet health and nutrition, and humanization of pets.

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Pet food supplements are products designed to complement pets’ regular diets and provide additional health benefits. Popular supplements include vitamins, minerals probiotics, joint support products, skin and coat supplements, and digestive health aids. These supplements are available in several forms, including tablets, chews, powders, and liquids.

Several key players in the pet food supplements market offer a wide range of supplements for pets in Europe. These include both established pet food companies and specialized supplement manufacturers.

Distribution channels for pet food supplements in Europe typically include pet specialty stores, veterinary clinics, and online retailers. Europe pet food supplements market is characterized by increasing product innovation and the introduction of natural and organic options. Pet owners are becoming more conscious about the ingredients and quality of products they purchase. It is leading to a demand for premium and specialized supplements.

Key players in the market include Mars Petcare, Nestle Purina, Hill’s Pet Nutrition, Nutramax Laboratories, and Vetoquinol. They are continually introducing new pet food supplement formulations. It includes functional ingredients, natural and organic options, and personalized products.

Key Takeaways from the Pet Supplements Report:

Europe pet food supplements market is set to be worth US$ 441.6 million by 2033.
Demand for pet food supplements in Europe is likely to soar at 5.9% CAGR over the forecast period.
Based on nature, the organic pet food supplements segment is anticipated to reach a valuation of US$ 97.4 million by 2033.
By form, the tablets & capsules segment is likely to exhibit a 4.1% CAGR during the projection period.
The United Kingdom is projected to hold a dominant valuation of US$ 113.5 million in the Europe market by 2033.
Germany pet food supplements market is likely to top US$ 72.0 million by 2033.
France is estimated to witness a value CAGR of 5.9% during the projection period in the Europe pet food supplement market.

“Growing pet ownership, focus on pet health and wellness, and the pet humanization trend are prominent factors contributing to demand for pet food supplements in Europe. Manufacturers are working on producing high quality products to meet evolving customer preferences towards premium diets to increase their market foothold.” – Says Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Nutramax Laboratories, Pet Naturals of Vermont, NaturVet, Tomlyn, VetriScience, Zesty Paws, VetIQ, MPP, Pro-Sense, Makondo Pets, Gimborne, Paws & Pals, GNC, Purina Pro Plan Veterinary Supplements, Pet-Tabs, Wholistic Pet Organics, Advita, RestoraPet, Marshall Thundering Herd, Infinite Pet, Organic Pet, and Alaska Naturals are key pet food supplements manufacturers listed in the report.

Key manufacturers are developing innovative and high-quality pet food supplements to meet the specific nutritional needs of different pets. They are investing in research and development to introduce new ingredients, formulations, and flavors.

Manufacturers often form partnership with distributors and retailers to expand their reach and ensure efficient distribution. They are differentiating their products through various factors. These include organic and natural ingredients, specific health benefits, product packaging and targeted solutions for specific pet age groups and breeds.

For instance,

In September 2022, Perfect Powder is a full nutrient, minerals, and protein mix that supports balanced organic food for dogs of all ages. It was developed by Opal Pets, a top producer of vegan food items for animals. It is now sold online and available throughout Europe.
In July 2021, an ingredient for pet food and feed that is high in antioxidants called NOVASTA was launched in the European market by AstaReal. It is a provider of natural astaxanthin. Astaxanthin is referred to by the manufacturer as “nature’s most potent antioxidant.”

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Pet Food Supplements Market by Category:

By Nature:

Organic
Conventional

By Form:

Capsules
Chewable
Gel
Liquid

By Pet Type:

Cat
- Kitten
- Senior
Dog
- Puppy
- Adult
- Senior

By Distribution Channel:

Store-Based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom & Pop Stores
- Pet Food Stores
- Independent Grocery Retailers
- Other Retail Formats
Online Retailers

By Country:

Germany
The United Kingdom
France
Italy
Spain
BENELUX
Nordic
Russia
Poland
Rest of Europe

About Future Market Insights (FMI)

Contact FMI:  

Potassium Sorbate Market Set to Hit USD 112.6 Million by 2033 Amid Rising Food Sector Demand – FMI Report

According to Future Market Insights (FMI), the worldwide potassium sorbate market is valued at US$ 61.1 million in 2023 and it is anticipated to reach US$ 112.6 million by 2033.

Over the forecast period 2023 to 2033, global potassium sorbate sales are likely to increase at a CAGR of 6.9%.

The global potassium sorbate industry is increasing rapidly due to consumer demand for safe food and expanding shelf life in a range of sectors. Potassium sorbate, a commonly used ingredient, provides effective protection against microbial growth, ensuring the quality of food sources, beverages, and personal care products.

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Due to the increasing usage of handled food sources and lodging food sources globally, the market is mainly filled with the food and refreshment sector. Potassium sulfate is intensely sought after to keep up with item quality and newness due to altering lives and busy plans.

The strict food safety rules imposed by the FDA and the European Food Safety Authority are further fostering market growth. These strict standards are satisfied by potassium sorbate, giving producers a guaranteed way to comply.

North America and Europe have historically led the industry due to pervasive mineral shortages and well-established fortification programs However, there has been rising disposable incomes, increased health consciousness, and expanding middle-class demand in, emerging nations in Asia-Pacific, Latin America, and Africa. Thus they are also contributing to the high demand rapid demand for mineral-rich goods.

Due to the fast urbanization and economic growth of emerging nations, particularly those in Asia-Pacific and Latin America, there is a surge in the use of processed foods and personal care goods.

Manufacturers of potassium sorbate can satisfy the demands of these increasing markets in two ways: by utilizing efficient distribution networks and by customizing goods to local tastes.

The rising demand for food safety, clean-label products, and products with longer shelf lives is expected to drive steady growth in the global market for potassium sorbate in the coming years. To take advantage of market opportunities and keep up with changing consumer demands, manufacturers are embracing innovation, sustainability, and strategic partnerships.

Key Takeaways from the Potassium Sorbate Market Report:

The global potassium sorbate industry is expected to reach a valuation of US$ 112.6 million by 2033.
Global sales in the potassium sorbate market are likely to soar at 6.3 % CAGR over the forecast period.
By nature, the powder segment is likely to exhibit a 9.5% CAGR during the projection period.
The United States potassium sorbate market is projected to reach a valuation of US$ 26.5 million by 2033.
The German market is projected to reach a valuation of US$ 11 million by 2033.

“With the rising consumer focus on clean label and natural products, manufacturers can capitalize on this trend by providing innovative and sustainable potassium sorbate solutions. By addressing these evolving needs, companies can establish themselves as leaders in this competitive market.” – says a lead analyst at Future Market Insights (FMI)

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The top Key players in Potassium Sorbate Market are:

Celanese Corporation
BASF SE
Nantong Acetic Acid Chemical Co., Ltd.
Daicel Corporation, FBC Industries, Inc.
Wanglong Group Co., Ltd.
Sorbic International PLC
Ningbo Wanglong Group Co., Ltd.
PT. Pacific Surya Jaya
Hawkins, Inc.

Competitive Landscape:

Key companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

FBC Enterprises stated intentions to double its current creation cap. This advancement will enable the company to meet the rising demand for potassium sorbate from the food and beverage industries.
Ningbo Wanglong collaborated with a pharmaceutical business based in China to produce unique potassium sorbate-based medicinal products. These drugs are likely to be utilized to treat a wide range of diseases, including cancer, inflammation, and infections.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Potassium Sorbate Market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the stock cubes market based on type (powder, granular, liquid), application (food and beverages, personal care & cosmetics, pharmaceuticals, animal feed), across various regions.

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Segmentation Analysis of the Potassium Sorbate Market

By Product Type:

Powder
Granular
Liquid

By Application:

Food and Beverages
Animal Feed
Pharmaceuticals
Personal Care

By Region:

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

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

With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Contact FMI:

Novel Sweeteners Market Forecast to Surpass USD 1,926 Million Worldwide by 2033

According to Future Market Insights (FMI), the worldwide novel sweeteners market is valued at US$ 1,057.6 million in 2023 and it is anticipated to reach US$ 1,926.4 million by 2033. Over the next decade, global novel sweetener demand is likely to increase at a CAGR of 6.1%.

Consumers across the globe are becoming more health-conscious and shifting towards clean labeled food and beverages without compromising on taste. To cater to these needs, leading manufacturers are bringing advancements in technology.

The market is seeing the injection of innovative and unique sweeteners that enhance the overall taste experience of the finished product without compromising its nutritional value.

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In addition to it, these players are ensuring affordability and availability to customers seeking functional benefits and enhanced palate experiences that suit rapidly changing dietary preferences.

For instance, Tate & Lyle PLC launched TASTEVA® Stevia Sweeteners as a perfect ingredient that delivers taste and natural solution as a sugar substitute for the food and beverage industry. This stevia-extracted product can be used in bakeries, beverages, confectionery goods, dairy products, soups, and sausages and also can be used as dressing agents.

The market is likely to present additional growth opportunities as a result of globalization and the creation of new kinds of sub-segments of dietary choices. The demand for diverse and natural ingredients is rising as the world becomes an interconnected community and consumers embrace other cultures’ culinary traditions more readily.

The use of novel sweeteners in a wide range of applications is becoming more popular. The growing dairy, confectionery, and bakery industry, especially in South Asia markets is expected to boost the sales of novel sweeteners.

Key Takeaways from the Novel Sweeteners Report:

The global novel sweetener market is expected to reach a valuation of US$ 1,926.4 million by 2033.
Global demand for novel sweeteners is likely to surge at 1% CAGR over the forecast period.
Based on product type, the stevia-extracted novel sweetener segment is anticipated to reach a valuation of US$2 million by 2033.
Europe is projected to hold a dominant value share of 8% in the global market by 2033.
The United States novel sweeteners market is projected to reach a valuation of US$ 296.5 million by 2033.
India’s novel sweetener market is estimated to witness a value CAGR of 1% during the projection period.

“The rising demand for novel sweeteners demonstrates a shift in consumer preferences toward natural, low-calorie, and diabetic-friendly sweeteners. In addition to it, these sweeteners provide opportunities to manufacturers to create flavors with tailored taste profiles” – says a lead analyst at Future Market Insights (FMI).

Who is Winning?

Nestlé S.A, Cargill Inc., Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, E. I Dupont De Nemours and Company, Koninklijke DSM N.V., Symrise AG, Ajinomoto Corporation Inc, Raizen S.A, Associated British Foods Plc, and Wilmar International Limited are key novel sweetener manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.

For instance,

In December 2020, Sweet Green Fields (SGF), a global stevia solutions business was acquired by Tate & Lyle as a strategic move to enter the fast-growing market of the Asia Pacific region.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Novel Sweeteners industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the novel sweeteners market based on product type (stevia extracts, tagatose, trehalose), end-use (food & beverages, pharmaceuticals, direct sales, baby snacks, and others), application (bakery goods, sweet spreads, confectionery, and chewing gums, beverages, dairy products, and others), across several regions.

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Novel Sweeteners Market by Category

By Product Type:

Stevia Extracts
Tagatose
Trehalose

By End Use:

Food & Beverages
Pharmaceuticals
Direct Sales
Baby Snacks
Others

By Application:

Bakery Goods
Sweet Spreads
Confectionary and Chewing Gums
Beverages
Dairy Products
Others

By Region:

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

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

Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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:

Monk Fruit Sugar Market to Surpass USD 201.8 Million by 2033 Driven by Zero-Calorie Trend | Future Market Insights Inc.

As per a recent FMI analysis, the Global Monk Fruit Sugar Market is currently valued at US$ 124.0 million in 2023. It is likely to reach at a market valuation of US$ 201.8 million by 2033, exhibiting a CAGR of 5.2% during the forecast period.

Health-Conscious Trend: Driving Growth of Monk Fruit Sugar Market

Monk fruit sugar, a natural sweetener derived from monk fruit, is gaining significant traction in the global market. As consumers seek healthier alternatives to traditional sugars, the monk fruit sugar market has witnessed remarkable growth. This zero-calorie sweetener offers an appealing choice for health-conscious individuals and those managing diabetes. Its high-intensity sweetness and lack of bitter aftertaste have made it a popular ingredient in various food and beverage products, including desserts, beverages, and snacks. With increasing awareness of its benefits, manufacturers are incorporating monk fruit sugar into their formulations, driving the market’s expansion

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Versatile Applications: A Popular Ingredient in Food and Beverage Products

The industry for monk fruit sugar is rising as a result of its increasing applications across several sectors. This includes the food & beverage, and pharmaceutical sectors, and commercial and household purposes on a global scale.

During the forecast period, sales of monk fruit sugar are also anticipated to be driven by the growing demand for sustainable sourcing.

Innovation in Product Offerings: Expanding Monk Fruit Sugar Market

The market is anticipated to propel over the forecast period because of its unique sweetness that has diverse applications. Manufacturers have also found this sugar to be a versatile product that is easy to handle and eco-friendly. This is further expected to drive demand for monk fruit sugar globally.

Companies are focusing on product innovation and expanding their monk fruit sugar offerings. They are introducing monk fruit sugar in several forms including powdered form, granules, and liquid form to cater to diverse consumer preferences.

Transition to Mainstream Retail Channels: Growing Popularity and Health Awareness

The food and beverage sector is witnessing significant adoption of monk fruit sugar as a key ingredient in a wide range of products. It is used in beverages, baked goods, dairy products, and other food applications to provide sweetness without calories and to meet the demand for healthy options.

Monk fruit sugar is expected to make a transition from niche health stores to mainstream retail channels. The growing prevalence of diabetes, increasing health consciousness, and the demand for natural sweeteners are the factors that are projected to fuel the growth.

Clean-Label and Plant-Based Movement: Boosting Demand for Natural Sweeteners

The global shift toward clean-label and plant-based products is anticipated to drive the demand for monk fruit sugar as a natural and sustainable sweetener. As consumers become more aware of the risks associated with artificial sweeteners, the market for natural alternatives is likely to expand.

Key Takeaways from the Monk fruit sugar Report:

The global market for monk fruit sugar is set to reach at a worth of US$ 201.8 million by 2033.
Global demand for monk fruit sugar is likely to soar at 5.2% CAGR over the forecast period.
Based on the form, the powder form segment is anticipated to reach a valuation of US$ 171.2 million by 2033.
By end use, the food and beverage industry segment is set to soar at a 4.7% CAGR during the forecast period.
North America is projected to hold a dominant value share of 51.3% in the global market by 2033.
The United States monk fruit sugar market is projected to reach a valuation of US$ 90.5 million by 2033.
During the forecast period, Japan is set to register 5.6% CAGR in the global market over the forecast period.

“Increasing demand for healthy alternatives among diabetic patients is projected to drive demand for monk fruit sugar globally. Key companies are focusing on enhancing their flavor profiles, developing new formulations and exploring novel application areas in the food and beverages sector to stay competitive.” – says a lead analyst at Future Market Insights (FMI).

Top Companies in Monk Fruit Sugar Market and Their Winning Product Strategies:

Key companies are might aim to expand their market presence geographically. This could involve targeting new regions and countries where monk fruit sugar is not yet widely available. They are establishing distribution networks and partnership to reach a large customer base.

Top Key Companies:

Archer Daniels Midland Company
Monk Fruit Corp.
Apura Ingredients
Guilin Layn Natural Ingredients Corp.
Imperial Sugar Company
Whole Earth Sweetener Co., LLC
Health Garden USA
Matakana SuperFoods Ltd.
Group Krisda Stevia Canada Inc.
Bulk Barn Foods Limited
Lakanto

For instance,

In November 2022, Lakanto has introduced monkfruit-based sweeteners to Indian customers. Lakanto is from the Saraya family, which manufactures and sells health and hygiene goods and services.
In October 2019, Layn, a sweeteners player, has introduced a new patented version of monk fruit which the company claims can naturally generate 20% more mogrosides. These sweet components present in monk fruit are important elements in sugar reduction.

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global monk fruit sugar market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the monk fruit sugar market based on nature (natural, organic) form (powder and liquid) and end use (industrial, commercial, and household), packaging type (bags & sacs, pouches, folding cartons, jars) sales channel (direct, indirect, and online retailing) across several regions.

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Monk fruit sugar Market by Category

By Nature:

Natural
Organic

By Form:

Powder
Liquid

End Use:

Industrial
- Food & Beverage Industry
  - Bakery
  - Dairy & Ice cream
  - Chocolate & Confectionery
  - Breakfast Cereals
  - Beverages
  - Others
- Pharmaceutical Industry
Commercial (HoReCa)
Household (Retail)

By Packaging Type:

Bags & Sacs
Pouches
Folding cartons
Jars

By Sales Channel:

Direct (B2B)
Indirect (B2C)
- Store-based Retailing
  - Hypermarkets/ Supermarkets
  - Convenience Stores
  - Food & Drink Specialty Stores
  - Others
- Online Retailing

By Region:

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

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Global Liquid Amino Ingredients Market Expected to Reach USD 3.63 Billion by 2033, Predicts Future Market Insights Inc.

According to a research analysis from Future Market Insights, the global market for liquid amino Ingredients is expected to be worth US$ 1,861.4 million in 2023 and US$ 3,628.9 million in 2033. Demand for liquid amino ingredients is anticipated to grow globally over the coming ten years at a CAGR of 6.9%.

Liquid formulations with amino acids from marine sources, particularly from marine creatures like fish or seaweed, are referred to as liquid amino ingredients. These liquid amino components are made by extracting amino acids from sources of marine-based protein and converting them into a liquid form for use in a variety of applications.

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Ingredients in liquid amino acids are prized for their distinctive makeup and potential health advantages. They can offer a plentiful source of vital amino acids, including those often present in marine organisms. Glycine, proline, alanine, and arginine are just a few of the typical amino acids that can be found in marine liquid amino components.

The cosmetic and personal care industries use marine liquid amino Ingredients. As they have the potential for moisturizing, nourishing, and skin-repairing effects, some businesses use marine amino acids in the formulations of skincare, hair care, and body care products.

Key Takeaways from the Liquid Amino Ingredients Report:

The global liquid amino ingredients market is expected to reach a valuation of US$ 3,628.9 million by 2033.
Global demand for liquid amino ingredients is likely to soar at 9% CAGR over the forecast period.
Based on Source, the Animal-based segment is anticipated to reach a market share of 0% by 2033.
By Type, the lysine segment is likely to reach a market value of 0% in 2033.
On the basis of the application, the animal feed segment is expected to clock a staggering CAGR of 9%
The United States is projected to hold a dominant value share of 9% in the global market by 2033.
The United Kingdom Liquid amino ingredients market is projected to reach a valuation of US$ 3 million by 2033.
India market is estimated to witness a value CAGR of 7% during the projection period.

“The market for liquid amino Ingredients is growing significantly, in large part as their versatile potential for usage in a variety of industries, including food and beverage, nutraceuticals, pharmaceuticals, and cosmetics. The market is growing as increasing public awareness of the benefits liquid amino Ingredients provide for the health and the rising demand for natural components in these industries. The unique features of Liquid Amino Ingredients”

– says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Ajinomoto Co., Inc., Archer Daniels Midland Company, CJ CheilJedang Corp., Evonik Industries AG, Fufeng Group Company Limited, Kyowa Hakko Bio Co., Ltd., Prinova Group LLC, Sigma-Aldrich Co. LLC, Sunrise Nutrachem Group Co., Ltd., The Lubrizol Corporation

By introducing new products, these companies are focusing on diversifying their product lines. They also employ tactics including marketing, alliances, partnerships, purchases, agreements, and mergers to remain competitive.

For instance,

In 2021, Jarchem Innovative Ingredients announce the addition of four new products to their Aminosyl™ family.
In 2020, The Marquie Group Launching New Amino Acid-Based Products in the Upcoming Launch of the Health and Beauty Solutions Platform.

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Future Market Insights (FMI) presents historical demand data (from 2018 to 2022) and forecast figures for 2023 to 2033 in its latest offering, offering an independent analysis of the global liquid amino ingredients market.

The study incorporates compelling insights on the liquid amino ingredients market based on Source (Animal-Based, Plant-Based), Type (Lysine, Methionine, Threonine, Tryptophan, Others), By Application (Food & Beverages, Animal Feed, Pharmaceutical & Nutraceutical, Personal Care & Cosmetics, Agriculture, Others)

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Liquid Amino Ingredients Market by Category

By Source:

Animal-based
Plant-based

By Type:

Lysine
Methionine
Threonine
Tryptophan
Others

By Application:

Food & Beverages
Animal Feed
Pharmaceutical & Nutraceutical
Personal Care & Cosmetics
Agriculture
Others

By Region:

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

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

The Food and beverage team at Future Market Insights (FMI) assists clients from all over the world with their specific business intelligence requirements through expert analysis, practical insights, and strategic suggestions. The team has spent more than ten years clearly analyzing the food and beverage sector in more than 50+ countries, with a portfolio of more than 1,000 reports and one million+ data points. Contact us to see how we may help if you need end-to-end research and consulting services.

About Future Market Insights (FMI)

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

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Marine By-products Market Set to Reach USD 64.85 Billion by 2033 Amid Rising Health Ingredient Trends

According to Future Market Insights (FMI), the global marine by-products market is currently valued at US$ 33,725.4 million. Over the forecast period 2023 to 2033, global marine by-product sales are expected to surge at 5.6% CAGR. Total market value at the end of 2033 is anticipated to reach US$ 64,849.3 million.

Growth in the market will be driven by increasing consumer awareness and willingness to pay premiums for high-quality seafood products derived from sustainable sources.

Marine by-products are gaining wider popularity in a wide range of sectors due to their high nutritional content. They are being used in animal feeds, food products, dietary supplements, and cosmetics. Rising production and consumption of these products will therefore boost global marine by-product sales.

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The market is anticipated to benefit from creative promotional strategies and the extraction of useful compounds from underutilized species used by key marine by-product manufacturers.

Manufacturers are implementing creative strategies such as focusing on a variety of marine by-products catering to various end-use segments to minimize dependency on any particular application. It involves producing fish meal and oil for animal feed, aquaculture, and direct human consumption.

Investments are also being made in the development of cost-effective procedures for converting byproducts such as protein concentrates, lipid fractions, and collagen into saleable items.

Producers are looking for strategies to improve yield rates and overall product quality. They are building distribution networks across areas to tap into localized demand, mitigate risks associated with solely concentrating on any single geographic location, and sell surplus inventory into international markets when necessary.

Educating consumers about the benefits and sustainable aspects of marine by-products might also drive market growth. Manufacturers can invest in marketing campaigns, product labeling, and consumer education initiatives to create awareness and promote the value of marine-derived products.

Key Takeaways from the Marine By-products Market Report:

The global marine by-products industry value is anticipated to reach US$ 64,849.3 million by 2033.
Global demand for marine by-products is likely to soar at 6% CAGR over the forecast period.
Based on product type, frozen seafood segment is anticipated to reach a valuation of US$ 54,668.03 million by 2033.
By end use, feed production segment is forecast to reach a valuation of US$ 21,465.14 million by 2033.
The United States marine by-products industry size is projected to reach US$ 15,045.06 million by 2033.
Marine by-product demand in China market is likely to rise at a CAGR of 7%.

“The market for marine by-products is expanding significantly as a result of an increasing need for eco-friendly and sustainable components. To address changing customer tastes and capture opportunities in sectors including food, cosmetics, and nutraceuticals, manufacturers are utilizing modern technology and value-added manufacturing methods. This brings down operating costs, thus providing greater margins to suppliers.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Copeinca, Pelagia AS, Colpex International, GC Rieber Oils, KD Pharma Group, FF Skagen, Austevoll Seafood ASA, Qingdao Kangjing Marine Biotechnology Co., Ltd., Scanbio Marine Group, Aker BioMarine, Omega Protein Corporation are key marine by-products manufacturers listed in the report.

These key players are expanding their portfolios by introducing new products. They also implement strategies such as partnerships, collaborations, advertisements, acquisitions, and mergers to stay relevant in the market.

Key Companies Profiled

Copeinca
Pelagia AS
Colpex International
GC Rieber Oils
KD Pharma Group
FF Skagen
Austevoll Seafood ASA
Qingdao Kangjing Marine Biotechnology Co., Ltd
Scanbio Marine Group
Aker BioMarine
Omega Protein Corporation

For instance,

In May 2022, Pelagia announced the acquisition of Norsk Fiskeindustri Invest AS (NFI).

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Marine By-products Market by Category

By Product Type:

Frozen Seafood
- Fish
- Molluscs
- Crustaceans
- Others
Fish Oil
- Salmon oil
- Tuna oil
- Cod liver oil
- Sardine oil
- Squalene oil
- Krill oil
- Anchovy oil
- Menhaden oil
- Others
Fish Meal
- Molluscs
- Eels
- Marine fish
- Trout
- Catfish
- Milkfish
- Salmons
- Swordfish
- Tilapia
- Tuna
- Cyprinids
- Crustaceans
- Others

By End Use:

Food Service Industry
Food Processing Industry
Cosmetics
Dietary Supplements
Food and Beverages
Feed Production
Retail / Household

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Gait Trainer Market is expected to be worth USD 456.3 Million, with a projected CAGR of 4.9% By 2028 | FMI

The Gait Trainer Market is experiencing a steady rise, offering crucial support for individuals regaining their mobility. According to a recent analysis by Future Market Insights, the market is projected to reach a value of USD 456.3 million by 2028, reflecting a moderate CAGR (Compound Annual Growth Rate) of 4.9%. This builds on a solid foundation, with the market valued at USD 342.7 million in 2022.

In the year 2021, the exoskeleton market exhibited a total value of USD 4.1 billion, with gait trainer sales contributing 8% to this figure. Notably, gait trainer walkers designed for individuals with cerebral palsy have been gaining traction in recent years, driven by a notable increase in the incidence of cerebral palsy.

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Research Methodology

FMI adopts a triangulation methodology to provide accurate and precise market estimations and insights for various medical devices and technologies. This approach primarily relies on patient-level data, the number of procedures, and the capital equipment installation base obtained through experimental techniques. The bottom-up approach is always used to obtain country-specific data and then analyze it to generate global data. This ensures the data’s high quality and accuracy.

In the initial stage, secondary research is conducted to determine the feasibility of the target products/technology categories, segments, product offerings, usage patterns, device lifespan, reimbursement scenarios, adoption rates, and future impact of new technologies. Each piece of information is meticulously analyzed to create a solid foundation for primary research.

Primary research involves the participation of demand-side users, including key opinion leaders, physicians, and surgeons, and supply-side providers of medical devices. These stakeholders provide valuable insights on trends, key treatment patterns, adoption rates, purchasing patterns, technological advancements, patient education, manufacturer effectiveness, pricing, and competitive dynamics. This information is further analyzed throughout the research project to ensure comprehensive and accurate market insights.

To project Year-on-Year (Y-o-Y) growth rates for the market, we conduct a quantitative and qualitative assessment of the fundamental factors driving demand, economic factors and cycles, and growth rates, as well as the strategies used by key players. These Y-o-Y growth projections are adjusted and aligned according to the industry/product lifecycle and utilized to develop holistic market numbers.

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Additionally, we analyze the annual reports, investor presentations, SEC filings, 10k reports, and press releases of various companies operating in this market segment to obtain detailed information on market size, trends, opportunities, drivers, restraints, key players, and their market shares. These key companies are classified into tiers based on their revenue, product portfolio, and market presence.

It’s important to note that these are only the initial steps in developing the market size. In addition to disease-related factors, we use our internal proprietary model for forecasting, which takes into account various macroeconomic factors such as per capita healthcare expenditure, disposable income, industry-based demand driving factors, and their impact on the market forecast trends.

Gait Trainer Market Taxonomy

The Gait Trainer Market has been segmented on the following basis:

End User

Hospitals
Rehabilitation Center
Homecare Setting

Product Type

Gait Trainer Walker
Adult
Pediatric
Treadmill System
Exoskeleton

About Future Market Insights (FMI)

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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Varicella Zoster Infection Treatment Market Is Expected to Grow at an Amazing Rate, Reaching USD 2.04 Billion by 2028, with a CAGR of 4.1%. | FMI

The fight against shingles, a painful reactivation of the chickenpox virus, is gaining traction in the treatment market. The global Varicella Zoster Infection Treatment Market is projected to reach a significant USD 2.5 billion by 2028, reflecting a steady growth of CAGR of 4.1%. This upsurge builds on a market value of over USD 1.61 billion in 2022

Acute varicella may be complicated by secondary bacterial skin infections, cerebellitis, encephalitis, hemorrhagic complications, and viral and bacterial pneumonia. The climate is a core factor that seems to have an impact on the epidemiology of varicella. In most of the temperate climatic regions, 90% of the people are infected before adolescence. In tropical climates, VZV infection occurs later in life and adults are more susceptible to it than children.

On the other hand, herpes zoster or shingles is a sporadic disease that is caused by the reactivation of latent VZV in the sensory nerve ganglia. It is usually self-limiting and is categorized by severe pain with dermatomal distribution and at times followed by post-herpetic neuralgia that can be chronic and debilitating among the geriatric population.

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Though herpes zoster can occur at any age, most of the cases are reported after the age of 50 along with increasing risks of complications.

To cater to the needs of the patients and provide a potential treatment for this infection, companies are entering into strategic partnerships to make use of the technology of the other leading companies and are also focussing on research and development.

Risk of Varicella in Pregnancy and the Need to Adhere to the Guidelines of Chickenpox Treatment to Bode Well for the Market

Primary infection with varicella zoster in pregnancy may cause maternal mortality or serious morbidity issues. A particular guideline issued in 2015 assesses the evidence regarding maternal and fetal risks of varicella-zoster virus infection in pregnancy. The U.K. Advisory Group and Swiss and Canadian national guidelines prescribe procedures for the use of antiviral drugs in pregnancy. The U.K. Advisory Group provides guidelines for chickenpox as well.

These guidelines recommend oral acyclovir, which should be prescribed for pregnant women within 24 hours once they present the onset of the rash and if they have 20+0 weeks of gestation or beyond. Guidelines are unanimous nevertheless, in recommending that intravenous acyclovir be administered in cases of severe maternal infection. This factor along with the fact that the rate of exposure and transmission is extremely high in this infection and is a threat for pregnant women and kids, is expected to boost the growth of the varicella zoster infection treatment market.

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Natural Products to Challenge Market Growth

Several people opt for other treatment options for herpes zoster and varicella. These alternative treatment options are expected to hamper the growth of the antiviral drugs market for varicella zoster infection treatment. Homeopathy, supplements, and other natural herbal medicines are used to treat herpes zoster and varicella.

Varicella Zoster Infection Treatment Market Key Players:

Novartis AG,
Pfizer Inc.,
Abbott Laboratories,
Sun Pharmaceuticals Industries Ltd.,
Valeant Pharmaceuticals International Inc.,
Teva Pharmaceutical Industries Ltd.,
Dr. Reddy’s Laboratories, ltd.,
Mylan N.V. and
GlaxoSmithKline

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Varicella Zoster Infection Treatment Market Segmentation – by Category

By Drug Type:

Acyclovir
Valacyclovir
Famciclovir

By Route of Administration:

Oral
Injectable
Topical

By Distribution Channel:

Hospital pharmacies
Retail Pharmacies
Online Pharmacies
Drug 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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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