Built-in Large Cooking Appliance Market Projected to Reach USD 21.8 Billion by 2033

According to recently published data from Future Market Insights (FMI), the built-in large cooking appliances market is valued at USD 12.2 billion in 2023 and is forecasted to reach USD 21.8 billion by 2033, with a compound annual growth rate (CAGR) of 5.9% from 2023 to 2033. The share of the built-in large cooking appliances market within its parent market, the kitchen appliance market, is approximately 7% to 10%.

The integration of advanced electronic features into modern kitchen appliances has enhanced their efficiency significantly. Even in homes with low to medium incomes, modular kitchens are becoming increasingly common. In addition to space-saving benefits, built-in cooking appliances excel at their primary functions. With a growing number of people residing in compact living spaces, the demand for such appliances is anticipated to rise sharply.

This market is primarily driven by the increasing disposable income of consumers across the globe. With growing disposable income levels, more and more consumers are inclined to purchase advanced and innovative products such as built-in large cooking appliances. Further, the introduction of smart home appliances and energy-efficient devices will have a positive impact on the global sales of the built-in large cooking appliances market.

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Again, marketing strategies adopted by market players including social media marketing will generate new opportunities for the built-in appliances market in the upcoming years.

The market is significantly influenced by the accelerated demand for energy-efficient appliances. Moreover, favorable government policies and initiatives that aim at promoting the adoption of energy-efficient tools will open new avenues of growth for the market players. Increasing demand for smart homes is also expected to strengthen market prospects.

For example, Samsung Electronics announced a sustainable development plan in 2022 that aims at accelerating the development of environmental-friendly home appliances by increasing the use of recycled plastic in home appliances. Furthermore, the changing retail landscape is also aiding the growth of the built-in large cooking appliances market. Modern retail formats like malls and hypermarkets have amplified market sales with an increase in consumer walk-ins. The introduction of state-of-the-art appliances for integrated kitchens also encourages the growth of the built-in large cooking appliances market.

Key Takeaways:

  • Greater consumer awareness of green technology will drive the growth of the built-in large cooking appliances market in the US.
  • Rising demand for high-end domestic products due to rising living standards will propel the built-in large cooking appliances market forward in China.
  • By product type, built-in cooktops will dominate the global marketplace owing to rapid urbanization and the popularity of western kitchen styles.
  • Based on application, the commercial segment will account for a significant portion of the market share.

Competitive Landscape 

Robert Bosch GmbH, Samsung Electronics, Morphy Richards, LG Electronics Inc., Whirlpool Corporation, Hitachi Appliances Inc., and Haier Group Corporation, among others, are a few of the eminent participants in the built-in large cooking appliances market profiled in the full version of the report.

In a competitive environment, prominent market players are keen on product development and upgradation. These businesses also focus on launching novel and innovative products. Many of these participants integrate advanced technology into their products and increase their research and development efforts to produce new products that will offer the benefits of Artificial Intelligence and the Internet of Things (IoT). For instance, Robert Bosch GmbH’s Gaggenau luxury home appliances enable consumers to save up to 50 recipes for regularly prepared dishes and also offer smartphone control options.

More Insights Into Built-In Large Cooking Appliances Market 

FMI offers an unbiased analysis of the global built-in large cooking appliances market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. Its latest report offers an in-depth study of a ten-year sales prospect, market drivers, challenges, trends, and opportunities. For a better understanding of the global market potential, growth, and scope, the market is segmented on the basis of product type, application, sales channel, and region.

According to the report, based on segmentation, the online sales channels will gain traction during the assessment period. This sales channel is highly preferred by consumers in the residential sector owing to the convenience and affordability offered by the segment. In terms of application, the commercial category will dominate the global market owing to the high demand created by restaurant owners. Based on the country, China will emerge as a high-potential market for built-in large cooking appliances.

The target market in this region will reach a significant value by the end of 2033. Increasing demand for high-end products from the domestic sector owing to rising living standards, adoption of advancing technology, and demand for functional but quality products will drive the market in China. The US and India will also present notable growth in the market and thereby contribute significantly to the global growth of the built-in large cooking appliances market.

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Built-In Large Cooking Appliances Market By Category

Product Type:

  • Built-in Cooktops
  • Built-in Ovens
  • Others

By Application:

  • Commercial
  • Residential

By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarket/Supermarkets
  • Online Retailers
  • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Shaving Care Market is Anticipated to Reach US$ 37.06 Billion by 2034 | Report By FMI

The shaving care market is estimated to be worth USD 17.8 billion in 2024 and is projected to be valued at USD 37.06 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 7.6%.

The rising demand for shaving care products formulated with natural and organic ingredients is propelled by growing concerns regarding skin health, environmental sustainability, and a preference for cleaner, chemical-free formulations among consumers.

The rapid expansion of the men’s grooming market is propelled by evolving societal perceptions towards male grooming and self-care practices. This shift is generating heightened demand for a wide array of shaving care products, encompassing razors, shaving creams, aftershaves, and grooming accessories.

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The surge in demand for premium and luxury shaving care products is fueled by increasing disposable incomes and a desire among consumers for luxurious grooming experiences of the highest quality. Market players are responding by introducing a range of upscale offerings, including luxury shaving creams, artisanal razors, and deluxe grooming kits, tailored to meet the expectations of this discerning segment.

The rise of e-commerce is transforming the shaving care market, with consumers increasingly purchasing products online. E-commerce platforms offer convenience, a wide selection of products, and competitive pricing, driving significant growth in online sales of shaving care products.

Technological advancements in shaving care products are driving market growth. This includes the development of electric razors with advanced features such as precision trimming, wet and dry functionality, and ergonomic designs. Innovations in blade technology are enhancing shaving performance and comfort.

Key Takeaways from the Market Report

  • From 2019 to 2023, the shaving care market expanded at a CAGR of 4.6%.
  • Based on the product type, the trimmers segment is expected to account for a market share of 31.2% in 2024.
  • The shaving care demand in China is predicted to grow at a CAGR of 7.2% through 2034.
  • In the United States, the shaving care industry is estimated to register a CAGR of 3.7% from 2024 to 2034.
  • The United Kingdom is projected to expand by a CAGR of 6.1% between 2024 and 2034.
  • The shaving care market in India is anticipated to record a CAGR of 9.4% during 2034.

Competitive Landscape

Companies are investing in research and development to introduce innovative shaving care products that meet evolving consumer needs and preferences. They are also focusing on the development of new formulations, packaging designs, and features in razors and grooming tools.

Market players leverage various channels such as television, print media, social media, and influencer partnerships to promote their products and engage with consumers.

  • WAHL is a renowned brand specializing in grooming products, particularly electric hair clippers and trimmers.
  • Xiaomi While primarily known for its electronics and smartphones, Xiaomi also offers grooming products such as electric shavers and trimmers under its Mi brand.
  • Zhejiang is likely a reference to a region in China rather than a specific company. China is home to several manufacturers of grooming products, contributing to the global shaving care market.

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More Valuable Insights Available

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

To understand opportunities in the shaving care industry, the industry is segmented based on product type (shaving cream, shaving gel, razors & blades, after shave care and trimmers), consumer orientation (men and women), price range (low, medium, and premium) and sales channel (supermarkets/hypermarkets, specialty stores, multi-brand stores, discount stores, salon/grooming clubs, drug stores & pharmacies, online retailers, and other sales channels), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa.)

About the Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

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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Canola Meal Market Analysis: Key Discoveries, Strategies for Growth, Evolving Technologies, Trends, and Future Projections by 2033

Canola Meal

The canola meal market is set to reach 61.11 million metric tons of volume by 2033, rising from 41.28 million metric tons in 2023, rising at a CAGR of 4% during the forecast period.

A significant number of industry stakeholders are becoming interested in the rising global demand for canola meals. Following the pandemic period, the upcoming years offer fresh opportunities for the canola meal market with a strong value chain presence, a clear understanding of consumer trends, an expansion into emerging markets, and the development of operational capabilities.

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Compared to other oilseed meals, canola meal has better nutritional content and health benefits, and is ideal for the growth and development of the majority of animals. The eating of canola increases milk production and promotes weight gain.

Canola is more affordable than other oilseed meals and provides a substantial protein supplement. Consequently, compared to other meals, canola presents a better alternative for animal feed, which, based on this market research analysis, could be one of the key development factors for the canola meal market.

The poultry segment of the canola meal market is expected to ascend at a 4.5% CAGR and reach a volume of 23.7 million metric tons by the end of the analysis period.

Europe accounts for a sizable portion of the global canola meal market. France, Germany, and the United Kingdom account for a significant share of Europe’s canola production. Canola is mostly grown in Europe for oil and meal. Growing consumer knowledge about the nutritional benefits of canola is driving up demand for canola meals, which may continue to drive consumption in Europe during the projection period.

One of the key trends which might grow and flourish in the canola meal market over the next few years is the rising demand for processed meat.

Key Takeaways:

  • By the end of the analysis period, the poultry segment is expected to record a 4.5% CAGR and reach a volume of 23.7 million Metric Tons.
  • China is expected to reach a market volume of 14.30 million Metric Tons by 2033, with a CAGR of 6.5% during the projected period.
  • Japan market is poised to expand at a 2.3% CAGR between 2023 and 2033.
  • From 2023 through 2033, Canada is projected to generate a 3.2% CAGR.
  • German market is expected to increase at a CAGR of 2.9% between 2023 and 2033.
  • Asia-Pacific market, led by nations such as Australia, India, and South Korea, is scheduled to reach a volume of 6.3 million metric tons by the end of the projected period.

Competitive Landscape:

The canola meal market is vibrant and fiercely competitive. The primary vendors compete on aspects such as quality, pricing, distribution, service, reputation, and promotion. Changing customer purchasing patterns, the availability of local oilseed meals, price, and economic conditions are all key factors influencing the performance of vendors in this market space. Significant technical advancements and increased rivalry have an impact on how suppliers operate in this global market.

Archer Daniels Midland, Cargill, Incorporated, Bunge Limited, CHS Inc., Wilmar International Limited, DowDuPont Inc., Pacific Coast Canola, Union Point Custom Feeds, and others are some of the key competitors in the global market.

Recent Developments:

·         Agreement – July 2020

De Heus Animal Nutrition, a prominent feed firm based in the Netherlands, has struck a deal with Polish feed company Golpasz to acquire Golpasz’s production site in Poland.

·         Partnership – December 2019

Bidco Land O’ Lakes, a joint venture between American Cooperative Land O’ Lakes and East African business Bidco Africa, announced the establishment of a new animal feed manufacturing operation in Nakuru, Kenya, in December 2019.

·         Acquisition – September 2020

Charoen Pokphand Foods PCL announced plans in September 2020 to buy Chia Tai Investment Co. Ltd.’s swine business (CTI). This acquisition would allow both organizations to broaden their geographical reach.

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Key Segments  

By Animal Type:

  • Ruminants
  • Swine
  • Poultry
  • Aquaculture
  • Others

By Region:

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

About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

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United States and Canada Hot Food Vending Machine Industry Heats Up, at a CAGR 6.6% by 2034

The hot food vending machine market in the U.S. and Canada is anticipated to achieve a valuation of US$ 4,179.5 million in 2022, with projections indicating a substantial rise to US$ 7,832.6 million by 2031. Sales of hot food vending machines within this region experienced a notable Compound Annual Growth Rate (CAGR) of 7.2% from 2022 to 2031. These statistics underscore the growing demand for convenient and accessible food options, driven by changing consumer lifestyles and preferences. As the market continues to expand, manufacturers and operators have opportunities to innovate and cater to evolving consumer needs.

Increasing number of self-checkout kiosk coupled with convenient payment options is boosting the demand for hot food vending machine in the U.S. and Canada. Need for fresh and hot food due to improved and hectic lifestyle will drive the demand in the market.

Furthermore, strong U.S. economy and adoption of smart hot food vending machines in the corporate sector across the U.S. and Canada will propel the sales in the market. By creating inviting spaces for their employees to enjoy their snacks or meals, employers can increase the amount of time their workforce spends in the office. Such factors are contributing towards the growth of the hot food vending machines in the U.S. and Canada.

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Key Takeaways from the U.S. and Canada Hot Food Vending Machine Market Study

  • Under the food type, ready meat is leading in terms of revenue followed by high preference of consumers for sandwiches and burgers securing the second and third place, respectively.
  • Steel-made vending machines are highly recommended among manufacturers and operators because of their high strength and resistance properties therefore, highly contributing to the U.S. and Canada hot food vending machine market.
  • As per analysis, hospitals & clinics areas are anticipated to grow at a significant rate in the U.S. and Canada hot food vending machine industry.
  • Based on application, airports & railways stations segment is likely to witness growth owing to the growing number of travellers across the U.S. and Canada.

Who is winning?

Leading manufacturers of U.S. and Canada hot food vending machine are focused on aggressive promotional strategies and advertisements that have driven sales growth in U.S. and Canada hot food vending machine market.

Major players present in the U.S. and Canada hot food vending machine market are

  • Ausbox Group
  • ALe Bread Xpress INC
  • Basil Street Café
  • FastCorp Vending LLC
  • INTEGRA D.O.O.
  • Let’s Pizza
  • QMBOX
  • Digital Media Vending International, LLC
  • Kratom Crazy Sprinkles
  • Burrito Box
  • Farmer’s Fridge
  • Berdoll Pecan
  • Others
  • Others (on request)

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Market by Category

By Food Type

  • Sandwiches
  • Pizza
  • Burgers
  • Hot Dogs
  • Pack Soup
  • Ready Meat
  • Steam Products
  • French Fries
  • Others

By Capacity

  • Below 100 Units
  • 100-150 Units
  • 150 and Above Units

By Material Type

  • Steel
  • Aluminum
  • Others

By Application

  • Hospitals & Clinics
  • Hotels & Restaurants
  • Malls & Retail Stores
  • Airports & Railways Stations
  • Corporates & Offices
  • Academic Institutions
  • Hypermarkets/Supermarkets
  • Food Service Companies/Operators
  • Others

By Country

  • U.S.
  • Canada

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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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Europe Built-in Coffee Machine Market: Forecasted Growth to Reach US$ 3,534.7 Million by 2033

According to the latest findings from Future Market Insights (FMI), the Europe built-in coffee machine market is valued at US$ 2,175.2 million as of 2023. It is anticipated to grow to US$ 3,534.7 million by 2033, with a Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2033.

Such technological advances are evolving the way of cooking, food storage, and home interaction. The advent of smart appliances such as automatic coffee machines in the past decade has made the task of coffee making easier and has improved lifestyle, thereby, also saving time and energy.

In order to gain a new consumer base and efficiently promote the novelties offered in built-in coffee machines, the key manufacturers in the industry are promising the claims of barista-quality coffee blends at home which will be similar to the coffee offered at commercial places.

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In addition to that, facilities featuring dose control grinding, hands-free operation, and a massive steamer for micro-foam milk texturing, have successfully attracted a high number of customers towards such offerings and, in turn, boosted the market in the Europe region.

The demand for built-in coffee machines has witnessed a significant increase due to surging consumer needs for a high-quality coffee machine that is simple to use and exceptionally reliable for long-term use. The persistent nature of the European population for barista-quality coffee at home and their fulfillment through the high-end built-in coffee machines has boosted the volume of sales of built-in coffee machines in the region and is forecast to increase at a substantial growth rate over the forecast period.

Key Dynamics in the Europe Built-in Coffee Machine Market

  • The exponential growth of coffee machines in Europe is attributed to the increasing consumption of coffee and the demand for various specialized types of coffee beverages.
  • Coffee is among the most popularly consumed beverages globally, with factors like aroma coffee consumption, online commerce opportunities, and innovative brewed coffee types driving its growth.
  • Consumers are showing a keen interest in the quality and origin of coffee products, as well as their social, environmental, and economic sustainability.
  • During the pandemic, sales of all coffee equipment experienced double-digit growth as at-home coffee consumption soared significantly.
  • Innovative coffee attributes related to the health properties of coffee are further driving coffee consumption, thereby boosting sales of built-in coffee machines.

Over recent years, the consumption of coffee at home witnessed exponential growth which increased the sales of all coffee equipment. In the hindsight, innovative coffee attributes related to the health properties of coffee are further augmenting coffee consumption, subsequently escalating the sales of built-in coffee machines.

Consumers anticipate more and more functions in the smaller sizes containers that they have grown to expect with each new generation of gadgets. Furthermore, no one wants to spend more or get those extra features at the expense of quality or safety. Manufacturers faced numerous hurdles in the past as a result of this.

Competitive Landscape

Key players operating in the market are focusing on product availability, product differentiation, promotional activities, and other strategies in order to expand their business through broader landscapes. Moreover, players are implementing the usage of high-tech materials and technology that is likely to expand the custmer base even further.

Key Players

  • Bosch (BSH Home Appliances Ltd)
  • Jenn Air (Whirlpool Corporation)
  • Wolf (Sub Zero Group, Inc.)
  • Ariston (Ariston Group)
  • Fisher & Paykel (Fisher & Paykel Appliances Ltd.)
  • Thermador (BSH Home Appliances Ltd)
  • Kupperbusch
  • Gaggenau (BSH Hausgeräte GmbH)
  • Meneghetti S.p.A Fulgor Milano
  • Neff (BSH Home Appliances Ltd.)
  • AEG (AB Electrolux)
  • Whirlpool Corporation
  • Miele
  • Smeg
  • Indesit Company
  • Electrolux

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Europe Built-in Coffee Machine Market by Category

By Water Tank Capacity:

  • Below 1L
  • 1L – 1.5L
  • 1.5L – 2L
  • Above 2L

By Price Range:

  • Below US$ 3,000
  • US$ 3,000 – US$ 3,500
  • US$ 3,500 – US$ 4,000
  • Above US$ 4,000

By Power:

  • Below 1500W
  • 1500W-2000W
  • Above 2000W

By Connectivity:

  • Home Connectivity
  • Non-Home Connectivity

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Mono Brand Stores
    • Multi-brand Stores
    • Independent Departmental Stores
    • Modern Trade
    • Online Retailers
    • Others

By Country:

  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • Benelux
  • Rest of Europe

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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Wet Wipes Market is expected to grow at a steady 7.8% CAGR to reach USD 9.22 Billion by 2033 | Future Market Insights

Wet Wipes Market
Wet Wipes Market

Convenience reigns supreme! The Wet Wipes Market is flourishing, with a projected value of USD 9.22 billion by 2033. This marks a significant increase from the USD 4.3 billion revenue generated in 2023. The market is expected to grow at a steady pace of 7.8% CAGR (Compound Annual Growth Rate) over the next decade.

Growing awareness of appropriate hygiene practices, as well as the installation of healthcare programs in many nations to encourage healthy living, are driving up demand for Wet Wipes Market.

Wet Wipes and wet towels are easy to use and widely available, making them one of the most popular personal hygiene products. Manufacturers are launching a wide range of goods, including baby wipes, makeup wipes, disinfectant wipes, and wound care wipes, in response to the increased demand for Wet Wipes. These elements will generate profitable growth opportunities in the next years.

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Market competitors are introducing eco-friendly and biodegradable Wet Wipes produced from wood pulp and cotton as an alternative for synthetic fibers, which is driving wet wipe sales.

The rising prevalence of health-related illnesses in the elderly, such as incontinence-associated dermatitis (IAD) and catheter-associated urinary tract infection (CAUTI), is driving up demand for Wet Wipes, particularly in hospitals.

Wet Wipes are expected to gain traction over the forecast period because they efficiently serve the objective of maintaining hygiene standards and removing germs, dirt, and dust build-up on the skin and other physical surfaces.

In addition, the rise of local and small players, creative product development, clever marketing strategies implemented by top manufacturers, and commercialization of Wet Wipes are increasing the global Wet Wipes market’s growth prospects.

The FMI study projects the US to lead the North America Wet Wipes market. Rapid expansion of distribution channels, coupled with increasing per capita healthcare expenditure are anticipated to bode well for the Wet Wipes market in the U.S.

“Expansion of the ecommerce sector is resulting in easy availability and increasing sales of Wet Wipes across the globe. In addition to this, government-backed healthcare reimbursement plans will continue driving sales of Wet Wipes over the forecast period,” says the FMI analyst.

Wet Wipes Market Key Takeaways:

  • Incontinence wipes are expected to account for roughly 27% of the worldwide Wet Wipes market share during the forecast period.
  • The hospital segment is expected to increase at a 6% CAGR through 2031 in terms of end users.
  • It is estimated that the United States accounts for more than 80% of the North American Wet Wipes market.
  • Germany will dominate the European Wet Wipes industry in 2021, accounting for 23% of the market.
  • China is expected to emerge as a profitable market, accounting for 40% of the East Asian Wet Wipes market share.
  • The Japanese Wet Wipes market is expected to develop at a 9.3% CAGR through 2031, while the South Korean Wet Wipes market is expected to rise at a robust 10% CAGR.

Prominent Drivers:

  • Collaborations among key market players to launch innovative products will provide tailwinds to Wet Wipes sales during the assessment period.

Restraints:

  • The availability of cheaper alternatives such as soaps, cleansing milk, and face washes might hamper sales of Wet Wipes.
  • Chances of allergic reactions and irritability on the skin might result in decreased sales of Wet Wipes.

Wet Wipes Market Competitive Landscape

Leading players operating in the global Wet Wipes market are aiming to expand their global footprint through strategic collaborations, mergers, and acquisitions. In addition to this, launching innovative products, research, and development and strengthening distribution channels will remain key growth strategies among players. For instance:

  • Medline partnered with Intelligent Observation (IO) in January 2021 to help healthcare professionals manage healthcare-associated infection rates.
  • Essity announced the acquisition of ABIGO Medical, a wound care company, and Asaleo Care, an Australian hygiene company, in July 2021.

Leading players operating in Wet Wipes Market profiled by FMI include:

  • Essity Aktiebolag (publ)
  • Kimberly-Clark
  • Procter & Gamble
  • Cardinal Health
  • Medtronic
  • Stryker
  • Coloplast
  • Others

More Insights on FMI’s Wet Wipes Market

The latest market study on the Wet Wipes market by Future Market Insights gives a detailed segmentation for the forecast period of 2021 to 2031. To gain a better perspective of the global Wet Wipes market potential, its growth, trends, and opportunities, the market is segmented based on:

Product:

  • Incontinence wipes
    • Baby Wipes
    • Adult Wipes
  • Skin Antiseptic Wipes
  • Feminine Hygiene Wipes
  • Skin Care Wet Wipes
  • Sterile Wound Cleansing Wipes

Disposability:

  • Flushable Wipes
  • Non-Flushable Wipes

Application:

  • Incontinence
  • Skincare
  • Personal Hygiene
  • Wound Care

End-User:

  • Hospitals
  • Clinics
  • Specialty Centers
  • Long term care centers
  • Homecare Settings

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

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Advanced Wound Management Market is expected to grow steadily at a 3.6% CAGR and reach USD 11.5 billion by 2033 | FMI

Advanced Wound Management Market
Advanced Wound Management Market

The fight against chronic and complex wounds is gaining momentum with the expanding Advanced Wound Management Market. A recent analysis predicts the market to reach a substantial USD 11.5 billion by 2033, reflecting a steady growth trajectory. This marks a significant rise from the anticipated value of USD 8.1 billion by the end of 2023. The market is also projected to maintain a consistent CAGR (Compound Annual Growth Rate) of 3.6%.

The year 2020 presented unforeseen challenges for the advanced wound management sector, marked by the unprecedented impacts of the COVID-19 pandemic that induced a temporary decline in sales. However, the industry showcased its resilience as the global community rallied with intensified research and development efforts, focusing on innovative wound care solutions. This concerted effort has paved the way for a remarkable recovery, positioning the industry for a gradual and sustained upswing in the demand for advanced wound management products throughout the assessment period.

An exciting development to watch is the integration of biomaterials like alginates and silver into topical wound healing treatments, which is poised to further propel sales. These advancements are inspiring leading industry players to pioneer effective and cutting-edge solutions for advanced wound healing, ensuring a promising future for the market.

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Product developments in the advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on the cards. Apart from these products, the emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in countries including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management industry.

Key Takeaways from the Advanced Wound Management Market Analysis

  • Advanced wound dressing is anticipated to dominate the product segment.
  • Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
  • Hospitals, followed by clinics are expected to account for maximum market sales.
  • The U.S. is projected to witness high demand in the advanced wound management market, owing to the increasing number of diabetic patients in the country.
  • The U.K. will emerge as a lucrative market with rapid product developments by leading players.
  • China will exhibit a high demand for advanced wound management due to the increasing incidence of chronic wounds and reimbursements for medical expenditure.
  • The advanced wound management industry in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Advanced Wound Management Market Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC are among the leading players in the market, accounting for approximately 3/4th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

  • In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
  • In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

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Advanced Wound Management Market by Category

By Product Type: 

  • Advanced wound dressings
    • Alginates
    • Collagens
    • Films
    • Foams
    • Hydrocolloids
    • Hydrofibers
    • Hydrogels
  • Wound contact layers
  • Superabsorbent dressings
  • Negative pressure wound therapy devices
    • Standalone NPWT devices
    • Portable NPWT devices
    • Single-use disposable NPWT devices
    • NPWT accessories

By Application Type:

  • Chronic ulcers
    • Venous leg ulcers
    • Diabetic foot ulcers
    • Pressure ulcers
  • Non-healing surgical wounds

By End-User Type:

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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
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Coronary Stents Market Expected to Reach USD 51.2 Billion by 2032, and grow at a 5.1% CAGR | FMI Study

Coronary Stents Market
Coronary Stents Market

The fight against heart disease receives a boost from coronary stents, with the Coronary Stents Market projected to reach a significant USD 51.2 billion by 2032. This translates to a steady growth trajectory, with a CAGR (Compound Annual Growth Rate) of 5.1% anticipated from 2022 to 2032. In 2022, the market held an estimated value of USD 33.36 million.

The increasing awareness of the manifold benefits associated with stenting procedures, such as the significant enhancement of blood flow and protection against further damage to the heart muscle, is a pivotal driver of market expansion. Stenting also offers a means to ameliorate heart disease symptoms, including angina and shortness of breath, ultimately reducing the necessity for coronary bypass surgery. Consequently, both surgeons and patients, given its minimally invasive nature and relatively brief post-operative recovery period, favor stenting.

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Furthermore, a rise in the global geriatric population is leading to a larger patient pool with serious cardiovascular diseases. Again, hypertension is arising as a grave public health concern. Obesity, too, adds to this burden as one of the primary risk factors accountable for different cardiovascular diseases worldwide.

Coronary stenting is prescribed to patients who are suffering from coronary artery blockage. Though angioplasty is the first line of treatment for patients with acute coronary artery blockages the number of patients undergoing stenting has been increasing steadily over the last ten years. This is owing to the rise of outpatient coronary stenting procedures, which shortens long hospital stays. Additionally, a large number of cardiologists prescribing stenting procedures for patients with CAD is a prime factor that will likely fuel revenue growth of the coronary stent market during the forecast period.

“Increasing cases of lifestyle diseases like obesity and diabetes often result in heart issues which, in turn, supplements the global growth of the coronary stents market over the forecast period,” says an FMI analyst.

Coronary Stents Market Key Takeaways:

  • Rising awareness of the benefits associated with stenting will strengthen market prospects.
  • Prevalence of alternative treatment methods, product failure, and recalls are certain factors that may hamper market growth.
  • Growing cases of coronary artery diseases propel the coronary stent market in the United States.
  • Favorable government support for the healthcare sector will present new market opportunities in China.

Coronary Stents Market Competitive Landscape

Abbott, Medtronic, Boston Scientific Corporation, Terumo Corporation, B Braun Melsungen AG, Biotronik, Stentys SA, MicroPort Scientific Corporation, C. R. Bard, Inc., and Cook Medica among others are some of the major players in the coronary stents market profiled in the full version of the report.

Key market players are focusing on product upgrades and offering new features to meet the rising consumer demand. These organizations are employing strategies like new product releases, partnerships, collaborations, mergers, and acquisitions to gain a competitive advantage.

More Insights into Coronary Stents Market Report

In its latest report, FMI offers an unbiased analysis of the global coronary stents market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type (drug-eluting stent (DES), bare metal stent (BMS), bioresorbable vascular stent (BVS)), raw material (cobalt chromium, stainless steel, platinum-chromium, nickel-titanium, polymer), end user (hospitals, ambulatory surgical centers, cardiac catheterization laboratories), and region.

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According to the latest FMI reports, based on region, China’s coronary stent market will likely exhibit an impressive growth rate during the observation period due to favorable government support for the healthcare sector. The coronary stent market in the United States is anticipated to demonstrate substantial growth over the forecast period. The rising prevalence of coronary artery disease is spurring the demand for interventional cardiology treatment in this country. Sedentary lifestyles, smoking, poor dietary habits, and pollution often contribute to increasing cases of cardiovascular diseases. All of these factors are expected to drive the demand for the target market during 2022-2032.

Key Segments Covered in the Coronary Stents Market Analysis

By Product:

  • Drug Eluting Stent (DES)
  • Bare Metal Stent (BMS)
  • Bioresorbable Vascular Stent (BVS)

By Raw Material:

  • Cobalt-Chromium
  • Stainless Steel
  • Platinum – Chromium
  • Nickel – Titanium
  • Polymer

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories

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
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Massage Gun Market Valuation of USD 1,122.7 Million by 2033 | Report By FMI

The massage gun market comprises 5% – 8% of the overall global massage equipment market, with an estimated value of USD 542.6 million in 2023. Projections indicate a strong 7.5% CAGR, leading to a market valuation of USD 1,122.7 million by 2033.

In order to strengthen their presence across various channels and develop a strong brand portfolio, businesses must act immediately. The functionality follows.

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For instance, in the case of massage gun, consumers often judge them on the basis of their efficiency. Therefore, products with higher wattage are likely to enjoy better goodwill which will be drawn by higher convenience and efficiency.

Consumers are increasingly adopting e-commerce platforms to purchase electronic items including massage gun, as they can avail special discounts and prices on a wide range of products.

In addition to this, e-commerce websites also help make the products as per the specific requirements of the customer, even if the product is not available in the market in a particular region. Leading e-commerce sites, including Alibaba and Amazon, are offering an extensive range of products from around the world.

Factors such as easy product accessibility, convenience, and ease of shopping irrespective of geographic presence will continue pushing sales of massage guns through online channels over the forecast period.

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Key Takeaways:

  • · Based on size, mid-size/handheld massage guns are predicted to account for a dominant share of the market through 2032.
  • · In terms of battery type, demand for rechargeable guns is projected to increase at a 7.7% CAGR through 2032.
  • · By sales channel, the indirect sales segment is anticipated to hold 83.8% of the total market share.
  • · In terms of end user, demand for massage guns likely to escalate among athletes at a 8.8% CAGR over the assessment period.
  • · U.S. will emerge as a lucrative pocket in North America massage guns market. Sales in the North America market are slated to increase at a 3.6% CAGR.
  • · Surging demand for rechargeable massage guns in the U.K. will place it as an attractive market, leading the Europe massage guns market.

Who is winning?

Leading manufacturers of massage guns are focusing on smart promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the Massage Guns market are

  • Therabody
  • LifePro
  • Hyperice Inc
  • Renpho
  • Everyfun
  • Hydragun
  • MuscleGun
  • Massage Guns Ireland
  • Recovapro
  • Essential Massage & Therapy Co.
  • Achedaway
  • Medcursor
  • Others (As Per Request)

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Multilayer Flexible Packaging Market Projected to Reach USD 252.4 Billion by 2033 at a 4% of CAGR

Multilayer Flexible Packaging Market
Multilayer Flexible Packaging Market

The multilayer flexible packaging market is set for substantial growth, with an estimated market value of USD 170.5 billion in 2023. According to market forecasts, this value is expected to rise to approximately USD 252.4 billion by 2033, driven by a compound annual growth rate (CAGR) of 4% over the next decade.

Multilayer flexible packaging is becoming increasingly popular across various industries due to its versatility, durability, and cost-effectiveness. This type of packaging is widely used in sectors such as food and beverage, pharmaceuticals, personal care, and consumer goods, providing excellent barrier properties and extended shelf life for products.

The anticipated growth in the multilayer flexible packaging market can be attributed to several factors, including the rising demand for convenient and sustainable packaging solutions. As consumers continue to prioritize convenience and sustainability, businesses are responding by adopting innovative packaging technologies that meet these evolving needs.

The market’s expansion is further supported by advancements in materials and manufacturing processes, enabling the production of high-quality, eco-friendly packaging solutions. These innovations are helping to drive the demand for multilayer flexible packaging, as businesses seek to enhance product protection and reduce environmental impact.

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Key Market Trends and Highlights:

  1. Emphasis on Sustainability: Environmental concerns have catalyzed the adoption of sustainable materials and practices in multilayer flexible packaging. Companies are increasingly incorporating recyclable and biodegradable materials to reduce their carbon footprint and meet consumer demands for eco-friendly packaging solutions.
  2. Consumer Demand for Convenience: Innovation in packaging is being driven by consumer preferences for convenience. Multilayer flexible packaging features attributes such as resealable zippers, easy-to-open designs, and portion control, aligning with the evolving needs of modern consumers.
  3. Rise of E-Commerce: The burgeoning e-commerce sector has amplified the demand for durable and protective packaging solutions. Multilayer flexible packaging, with its lightweight, cost-effective, and customizable features, is well-suited for shipping products, providing protection during transit, and reducing transportation costs.
  4. Advancements in Packaging Technology: Technological advancements are reshaping the packaging landscape. Smart packaging, equipped with features like QR codes for tracking, freshness indicators, and interactive labels, enhances product visibility, optimizes supply chain management, and enhances consumer engagement.
  5. Dominance of the Food Industry: The food industry remains a primary driver of growth in the multilayer flexible packaging market. Brands leverage these packages to extend shelf life, preserve product freshness, and enhance visual appeal, meeting consumer demand for safe, convenient, and aesthetically pleasing food products.

Vital Dynamics Propelling Market Growth:

  • Sustainable Solutions: The market is witnessing a strong push towards sustainable packaging solutions, driven by increasing environmental awareness and consumer preferences for eco-friendly options.
  • Convenience Features: Consumer demand for convenience continues to fuel innovation in packaging, positioning multilayer flexible packaging for significant market growth.
  • E-commerce Expansion: With the rapid growth of online shopping, multilayer flexible packaging offers customized, protective, and cost-effective solutions, catering to the evolving needs of e-commerce platforms.

Opportunities and Future Outlook:

Multilayer flexible packaging stands to capitalize on the rising demand for sterile and tamper-evident packaging in the healthcare and pharmaceutical sectors.

The continued expansion of online shopping presents opportunities for multilayer flexible packaging to provide tailored, protective, and economical solutions to meet evolving consumer needs.

  1. Sustainable Packaging Solutions:
    • The demand for eco-friendly packaging is rising. Developing and offering sustainable multilayer flexible packaging solutions can open new avenues for business growth.
  2. Technological Innovation:
    • Investing in research and development to introduce advanced technologies in packaging, such as smart packaging and barrier coatings, can enhance product offerings and attract a wider customer base.
  3. Global Market Expansion:
    • Exploring and expanding into emerging markets can provide significant growth opportunities. Tailoring packaging solutions to meet the specific needs of diverse regions can be a key strategy.
  4. Customization and Personalization:
    • Offering customizable packaging solutions to meet the unique requirements of different industries or brands can be a competitive advantage. This includes variations in size, shape, and printing capabilities.
  5. E-commerce Packaging Solutions:
    • With the growth of e-commerce, there is a rising demand for packaging solutions that protect products during transit. Developing packaging solutions tailored for e-commerce applications can be a lucrative opportunity.

Key Takeaways

  • Canada is predicted to reach US$ 30 billion by 2033, with a 4.1% CAGR.
  • The multilayer flexible packaging market in the United Kingdom is expected to reach US$ 23 billion by the end of this forecast period.
  • China’s multilayer flexible packaging industry is projected to be worth US$ 27 billion.
  • China’s industry is expected to develop at a CAGR of 4% through 2033.
  • The multilayer flexible packaging industry in the United Kingdom is forecast to value at US$ 21 billion by 2033.

Key Companies Profiled:         

  • Scientex
  • Constantia Flexibles
  • Glenroy
  • Berry Global Group
  • Amcor
  • Mondi Group
  • Coveris Holdings
  • Sonoco Products
  • Winpak
  • Sealed Air
  • Uflex
  • Toray Plastics
  • Schur Flexibles Holding

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Key Segmentation:

By Product

  • Bags
  • Pouches & Sachets
  • Wrapping Films
  • Laminates
  • Others (Liners, Stick Packs, etc.)

By Material

  • Plastic
    • Polypropylene (PP)
  • BOPP
  • CPP
  • OPP
    • Polyethylene (PE)
      • LDPE
      • LLDPE
      • HDPE
    • Polyethylene Terephthalate
    • Polyvinylidene Chloride (PVDC)
    • Ethylene Vinyl Alcohol (EVOH)
    • Ethylene Vinyl Acetate (EVA)
    • Polyvinyl Chloride (PVC)
    • Polyamide (PA)
  • Paper
  • Aluminium Foil

By Layer Structure

  • 3 Layers
  • 5 Layers
  • 7 Layers
  • More than 7 Layers

By End-use

  • Food
    • Meat, Poultry, and Seafood
    • Bakery & Confectionery
    • Snacks
    • Dairy
    • Pet Food
    • Baby Food
    • Other Food Products
  • Beverages
  • Pharmaceuticals
  • Automotive
  • Cosmetics and Personal Care
  • Homecare
  • Electricals & Electronics
  • Agriculture & Allied Industries
  • Textiles & Apparels

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