Market Research Blog – Page 1917 – New Product Development

Silk Protein Market Growth Projected to Reach USD 1.78 Billion by 2034, Driven by Strong CAGR of 5.80% | FMI Study

An examination of the thematic trends within the silk protein market value reflects a steady positive evolution, with a CAGR of 5.80% from 2024 to 2034. Projections for the silk protein industry display a notable advancement, with evaluated figures striking US$ 1,777.28 million by 2034, denoting an ample ascend from the expected valuation of US$ 1,009.66 million in 2024.

The Engine of Silk Protein (SP) Industry

The global silk protein market is ushered by organic cosmetics and personal care items. It is also used as a dietary supplement in developing economies. The demand for silk protein in the medical industry is amplifying due to its antioxidant and coagulation inhibitor attributes, aiding in tissue engineering, plasters, and bandages.

The constant price reductions in the production and installation of silk fibroin solutions, thrust by production efficiencies, inventions, and bolstered competition, augment the adoption of silk protein. Favorable government policies, rules, and stimulants that encourage the adoption, like renewable energy project subsidies and carbon tax mechanisms, reinforce silk protein sales. However, the high seed money requirement for the advancement and set up of silk protein production, majorly for megaprojects, hinders the adoption of silk sericin protein.

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Regional Outlook

North America is a massive region in the industry. The growth is majorly due to the escalating usage in the medical sector. The Asia Pacific market is developing at a swift rate because of the thriving growth in the per capita income of consumers.

“The escalating customer demand for organic and eco-friendly ingredients exhibits optimism for silk protein market growth. The breakthroughs in the processing technology and widening of applications augment the adoption of silk protein.”, Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways

The skincare application segment is set to possess a share of 21.50% in 2024.
In the product type category, the sericin segment is slated to grab a share of 74.50% in 2024.
The United States silk protein industry is in line to progress at a CAGR of 5.70% between 2024 and 2034.
Sales of silk proteins in Germany indicate a CAGR of 5.10% through 2034.
Through 2034, China’s silk protein suture market is set to show escalation at a CAGR of 3.90%.
Between 2024 and 2034, Japan’s silk protein industry is implied to inflate at a CAGR of 4.60%.
From 2024 to 2034, India’s silk protein market is forecasted to progress at a CAGR of 5.30%.

Competitive Landscape

The silk protein market is moderately competitive. Silk protein manufacturers concentrate on positive strategies, such as small and medium-sized enterprises (SMEs) acquisitions.

The silk protein vendors strengthen their global presence by establishing diverse commodities. The silk protein producers attract consumers by delivering innovative and copious products employing natural ingredients.

Recent Developments

Givaudan, an essential manufacturer in the global cosmetics, scents, and flavors segment declared the purchase of AMSilk’s cosmetic business in April 2019.
Bolt Threads, a biotech firm, and Ginkgo Bioworks, the dominating horizontal platform for cell programming, revealed a partnership in October 2022, to spur the production efficiency and execution of Bolt’s portfolio and evolve it by developing novel biomaterial proteins.

Some of the leading companies offering silk protein are SilkTech Biopharmaceuticals Huzhou Aotesi Biochemical Huzhou Xintiansi Bio-tech Co., Ltd. Kraig Biocraft Laboratories, Inc. (Trading Symbol: KBLB) Evolved by Nature (previously Silk Inc.) Bolt Threads AMSilk GmbH Universal Preserv-A-Chem Inc., Proteina, and SUBONEYO CHEMICALS PHARMACEUTICALS PRIVATE LIMITED.

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Key Segment

By Product:

Sericin
Fibroin

By Form:

Powder
Oil

By Application:

Haircare
- Shampoo
- Conditioner
Skincare
- Cleanser
- Mask and Peels
- Moisturizer
- Serum
- Facial toners
Eye Care
- Eye Cream
- Mascara
- Nutritive products for Brow and Lash
Color cosmetics
Lip Care
- Lip Balm
- Lipstick
Toiletry
- Bath Gels
- Shave Preparations
- Liquid Hand Soaps
- Soap Bars
- Body Wash
Pharm and Nutraceuticals

By Region:

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

About Future Market Insights (FMI)

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

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Ensuring Food Safety: Global Food Testing Services Market Driven by Rising Consumer Awareness

The global food testing services market industry is estimated to be worth USD 23.5 billion by 2024. It is projected to reach USD 53.2 billion by 2034, reflecting a CAGR of 8.5% over the assessment period 2024 to 2034.

Food safety testing comes across as a vital and also an unavoidable component regarding the food industry. Every level of processing is subject to regulations related to food safety tests, inspection of microbiological quality (DNA analysis), and trace elements. The standards and regulations are certainly different from nation to nation. With consumers developing more awareness about food safety, the global food testing services market is likely to grow inadvertently in the forecast period.

Various participants in food & beverages sector are emphasizing on streamlining the process of food certification by simplifying data logging and documentation. Plus, the players are on the lookout of optimizing certification costs. As such, the food testing services market size is expected to witness turbulence on the continuous basis in the near future.

The initiatives taken by governments on this count include GFP (Good Farming Practice), GAP (Good Agricultural Practice), and GMP (Good Manufacturing Practice) for ensuring safety of food.

Though developing countries are working on food regulatory infrastructure, dearth of resources to restructure is hampering the food testing services market and this scenario is expected to persist even going forward. It will certainly take some time for these economies to pick up pace. Future Market Insights has walked through these findings with insights in its latest market study entitled ‘Food testing Services Market’. There are analysts and consultants to execute.

Key Takeaways from Food testing Services Market

Europe holds more than 30% of the market share. This could be credited to the flourishing food & beverage industry throughout. This, in turn, calls for inclination toward microbiological testing along with chemical & residues’ contamination testing. Germany is at the forefront herein.
North America holds a significant market share with food safety testing being made compulsory at every stage of manufacturing and processing, thereby ascertaining safe food for the customers.
The Asia-Pacific is expected to grow at the fastest rate in the food testing services market due to food sector growing by leaps and bounds in the developing economies, along with need to put forth strict regulations with regards to food safety, especially in countries like India. Herein, the by-products of agrochemicals are used for growing produce and also for antibiotics or veterinary drugs.

Competitive Landscape

NEOGEN is known for partnering with commercial testing labs for providing a series of services and solutions that are the most sought-after ones in the industry.
Thermo Fischer Scientific has its microbiology solutions that incorporate molecular instrumentation, PCR technology, sample preparation capability, and lab equipment and plasticware for quality indicator and foodborne pathogen detection, and, not to forget – conventional culture media with immunological and biochemical tests.
Bureau Veritas, of late, acquired Orion Assessment Services International Inc.’s. The major objective was that of improving the former’s food lab testing capabilities all over Canada.
Check and Trace has been tabled by ALS Ltd. It is capable of identifying Salmonella isolates with level of sensitivity identical to traditional serological techniques.

“With improvised instrumental techniques like NMR (Nuclear Magnetic Resonance), IR (Infrared Spectroscopy), enzyme-linked immunosorbent assay (ELISA), and mass spectroscopy increasingly being used regarding safety assurance, the global food testing services market is bound to grow on an unstoppable note going forward”, says an analyst from Future Market Insights.

How does the Report come around?

The research study is based on type (pathogens, salmonella, campylobacter, E. coli, listeria, GMOs, toxins, and likewise), by technology (traditional, rapid, PCR (Polymerase Chain Reaction), DNA sequencing/NGS, immunoassay, chromatography, and spectroscopy), and by food tested (meat, poultry and seafood, processed food, fruits & vegetables, dairy products, cereals & grains, and likewise).
With an ever-increasing demand for processed and packaged food in developing and developed countries alike, the food testing services market is all set to create greater strides in the forecast period.

Food Testing Services Market by Category

By Type:

Pathogens
Salmonella
Campylobacter
E. coli
Listeria
Pesticides
Genetically Modified Organism
Toxins
Others

By Technology:

Traditional
Rapid
Polymerase Chain Reaction
DNA Sequencing/NGS
Immunoassay, Chromatography
Spectroscopy

By Food Tested:

Meat, Poultry, and Seafood
Processed Food
Fruits & Vegetables
Dairy Products
Cereals & Grains
Others

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Antioxidant-Rich Passion Fruit Extract Market Set to Surge, Projected to Reach USD 1.42 Billion by 2033

The global passion fruit extract market is valued at US$ 634.9 million in 2023. The overall demand for passion fruit extracts is expected to develop at an 8.4% CAGR over the forecast period from 2023 to 2033. Global sales of passion fruit extracts are anticipated to reach US$ 1,420.3 million by 2033.

Passion fruit extract, known for its exceptional antioxidant capabilities, has been recognized as a very significant functional food source. Worldwide consumption of passion fruit extract has increased as health-conscious people want to include this natural source in their diets.

After passion fruit extract’s rising applicability across a range of end-user applications, it has attracted a lot of interest and appeal in recent years. During the forecast years, the use of passion fruit extracts as an effective treatment for insomnia is poised to boost the market further.

“The increasing demand for passion fruit extracts in developing economies such as China and India is creating opportunities for industry participants to set up business units. Additionally, emerging trends regarding the medicinal properties of passion fruit extracts are expected to foster innovation and growth in the passion fruit extract market” – FMI analyst.

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Key Takeaways from the Global Passion Fruit Extract Market Report

The US passion fruit extracts market is highly developed and currently leads the global market in terms of demand and sales. In the year 2022, the country alone contributed almost 24.8% of the revenue generated by the market worldwide.

In Europe, France is figured to be the leading regional market for passion fruit extracts with a 7.1% global market share in 2022. Italy follows France in the consumption of passion fruit extracts and acquired a global market share of 6.1% in 2022.
China, with a strong food processing industry base, is the leading country for the production of passion fruit extracts. At the end of the year 2022, the overall market in China’s passion fruit extract industry was figured to capture 11.3% of the global share.
India is another remarkably growing country in sales of passion fruit extracts contributing to nearly 6.1% of the global share.
Among the different types of species of passion fruit used in the making of its extracts, Passiflora flavicarpa is the most preferred. It provided for almost 53.8% of the global passion fruit extract production in 2022.

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Competition Analysis of the Passion Fruit Extract Market

The overall market for passion fruit extracts is fairly consolidated owing to the presence of a few authentic players in the present market. However, the proliferation of passion fruit extract sales over online channels has created favorable opportunities for the entry of passion fruit processing industries.

Recent Developments in the Passion Fruit Extract Market

In December 2022, Making Cosmetics LLC introduced its new product line of passion fruit extracts by the name Fragrance Pink Grapefruit Passion Fruit. It incorporates fresh fragrance produced with both natural and synthetic fragrance ingredients. Also, the product is water-insoluble and phthalate-free which gives it an advantage over other brands.
PASSION FRUIT EXTRACT H.GL – M.S. was introduced by Provital Company in October 2022, with an extract that dissolves in water. It is specially designed as a moisturizing additive to prevent surfactant agents from acting aggressively. Supplying chemicals and ingredients for making personal care and cosmetics are Provital’s areas of expertise in both manufacturing and sales.

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Future Outlook: Citrus Oil Market Poised for Steady Growth with Projected Valuation Surpassing USD 6.5 Billion by 2034

In the updated edition of the market analysis, calculations infer a worth of US$ 4272.820 million for citrus oil in 2024. These projections reflect the evolving implications of emerging trends.

As these trends penetrate the market, the sales of citrus oil amplify, potentially attaining a valuation of US$ 6594.550 million by 2034. This progression signifies a moderate CAGR of 4.40% from 2024 to 2034.

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The citrus oil market expansion is bolstered by the heightening need for plant extracts and natural foods in food and beverage goods to be used as pigments, flavorings, and other preservatives. The revenue expansion of citrus oil is accelerated by escalating consumer cognizance of citrus oil as an essential food component.

FRUU Cosmetics debuted the first vegan lip balm collection which was manufactured from recycled fruit extracts.

The spurring demand for vegan extracts in food and drink, cosmetics, and medicines sectors augment citrus essential oil market expansion. The ascending awareness of consumers regarding the boons of lactarian goods has a favorable effect on citrus oil demand.

Regardless of the optimistic anticipation, the citrus oil market growth is inhibited by intensifying pesticide and fertilizer application on farms to boost productivity. Pesticides are not limited to farming; while transportation, chemicals are diffused on fruits to prolong their shelf lives and curb spoilage.

Regional Outlook

North America commands the global organic oil market. North America witnessed growth because of the spurring demand for organic products, associated with booming awareness regarding the wholesomeness of citrus oil.

The augmenting demand in the food and beverage industry and the intensifying traction of aromatherapy in the Asia Pacific strengthen the market growth of citrus oils. The enriching disposable income, and shifting lifestyles lead to the development of the Asia Pacific essential oil market.

“The citrus essential oil market is set to experience sustained growth because of the surging demand for natural components. Stimulus like customer choices for organic goods and broadening implementation in the field of food, beverage, and cosmetics usher the citrus oil market growth.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways

The oranges source category to enjoy a share of 27.50% in 2024.
In the food and beverages end use industry to enthral a share of 23.60% in 2024.
From 2024 to 2034, India citrus essential oil market equates at a CAGR of 6.40%.
China citrus oil market exhibit upsurge at CAGR of 5.30% between 2024 and 2034.
Between 2024 and 2034, Japan citrus oil industry imply growth at a CAGR of 5.10%.
Germany citrus essential oil market reflects expansion between 2024 and 2034 at a CAGR of 2.80%.
The United States citrus oil market indicates a CAGR of 2.10% through 2034.

Competitive Landscape

The citrus oil manufacturers envision an amplification in the demand owing to the medicinal benefits. This trend indicates citrus oil producers to sanction long-drawn-out agreements with food and beverage and cosmetic and personal care firms to seize a broader customer base to increase the market share. The citrus oil vendors concentrate on partnerships and acquisitions to swell their product portfolio, catering to the strengthening demand.

Pivotal Tangerine Oil Manufacturers

Ultra-International B.V.
Phoenix Aromas and Essential Oils, LLC
Firmenich SA
Givaudan
Symrise AG
Citrus Oleo
Lionel Hitchen (Essential Oils) Ltd
Bontoux S.A.S.
Citrus and Allied Essences Ltd.
Mountain Rose Herbs, Inc.
Citromax S.A.C.I.
doTERRA International, LLC
Young Living Essential Oils LC
Citrosuco

Noteworthy Strategies

In order to expand the retail chain, Plant Therapy Essential Oils Corporate set up new stores across the United States in Arlington, Murray, and Idaho to impart customers better experience in 2021 with novel layout.
Mountain Rose Herbs made ownership changes CEO Shawn Donnille acquired his partner Julie Bailey’s some shares, making it a joint ownership from both of them.
Ziegler Group was acquired by Archer Daniels Midland Company (ADM) in March 2019 to expand the product portfolio for citrus oils in the market.

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Key Segments

By Source:

Oranges
Tangerines/Mandarins
Grapefruit
Lemon and Lime

By Extraction Method:

Steam Distilled Method
Cold Pressed Method
Hydro-Distillation Method

By Fold Type:

2-4 Folded
5-7 Folded
8-10 Folded
Above 10 Folded

By Grade Type:

Deterpenated Oil
- Terpenless Oil
- Concentrated Oil
Terpene Oil

By End-use Industry:

Food and Beverage
Personal Care and Beauty Products
Home Care Products
Aromatherapy
Health Care Products

By Sales Channel:

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

By Region:

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

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Plant-Based Fish Feed Market Set to Surge to US$ 12.2 Billion by 2032, Driven by Natural Ingredient Trends

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of Plant-Based Fish Feed are estimated to reach a value of US$ 12.2 Bn by 2032, surging at 6.0% CAGR through the decade.

Fish feeds are pellets or granules that give fish nutrients and help them reach their maximum potential. Soybean, canola oil, lipids from algae sources, and amino acid additions are used to make plant-based fish feed. All of these plant sources are high in protein and are easily digestible. As a result, the market for plant-based fish feed has enormous growth potential.

Cottonseed meal, distillers dried grain with soluble, sunflower meal, canola meal, cornmeal, wheat bran, and rice bran make up the plant-based fish feed market. Fish feed is used for both commercial and domestic purposes. Granules, pellets, powder, and flakes are some of the forms it comes in. The aquafeed industry’s growing desire for organic and natural ingredients could help the plant-based fish feed market develop even faster.

North America, Europe, and East Asia are currently the most important regional markets for vegetable and fish feed producers, and this trend is projected to continue in the coming decade. This tendency, according to the research, is attributed to increased expenditure in R&D efforts in these areas.

In addition to innovation, businesses are pursuing inorganic growth tactics such as mergers and acquisitions to strengthen their market position. Due to the burgeoning middle class and increased disposable income in nations like China, South Korea, Vietnam, and Japan, East Asia has become one of the most profitable marketplaces.

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Key takeaways from market study

The aquaculture industry accounts for more than 50% of the global edible seafood supply.
The plant-based fish feed market is predicted to be dominated by Latin America and the Middle East and Africa (MEA).
In terms of investment in the creation of creative and revolutionary plant-based fish feed, East Asia is at the forefront.
Due to features such as omega 3 content, protein content, and enhanced digestibility, plant-based fish and seafood have seen a surge in popularity in recent years.
The Vegetable Fish Food Syndicate’s fate is largely determined by modernization and the introduction of novel technology.
The enhanced digestibility and excellent protein content of the soybeans and cornmeal have shown significant potential in recent years and have become highly popular.
The Asia-Pacific region will show growth in the vegetable fish feed market from 2020 to 2027 due to increased demand for fish oil and fish-based household and commercial products.

“Due to environmental dangers, proliferating demand for fish feed with reduced environmental impact, and developing aquaculture industry with enormous demand for sustainable fish feed, the plant-based fish feed market will see expansive growth potential. Long-term benefits have been demonstrated for plant-based fish feed made from canola oil and soybean. As a result, the market for plant-based fish feed will see potential growth”, –Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive landscape

As demand for plant-based fish feeds is expected to increase over the next decade, existing companies are eagerly awaiting innovation and R&D to establish a strong position in the market. . Several companies around the world are investing heavily in adopting new technologies to find affordable alternatives to fish and shellfish foods to meet the growing demand for seafood. Investment in the development of new plant-based feeds is expected to grow as investors and stakeholders focus on the favorable opportunities and potential of the fish-based market.

Some of the major companies in the market are market Cargill Incorporated., Skretting, Alltech, BioMar Group, Nutreco N.V., Ridley Corporation Limited, ADM, Hanpel Tech Co. LTD, and Adisseo among others.

Key Segment

By Product Type:

Soybean Meal
Cottonseed Meal
Corn Meal
Distillers Dried Grains with Soluble
Wheat Bran
Rice Bran
Other Product Types (Canola Meal, Sunflower Meal, etc.)

By Nature:

Organic
Conventional

By End-Use Application:

Commercial
Household

By Form:

Pellet
Powder
Granule
Flake

By Sales Channel:

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Stores
- Specialty Stores
- Online Retailers
- Other Sales Channels

By Region:

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

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Explosive Growth Expected: Eggshell Membrane Powder Market to Reach US$ 5.3 Billion by 2033

The eggshell membrane powder market is likely to capture a valuation of US$ 1.4 billion in 2023. The market is estimated to rise to US$ 5.3 billion by 2033. The market is expected to register a CAGR of 13.1% during the forecast period.

The several driving factors in the market include:

Growing demand for natural and organic ingredients: There is a rising trend toward using natural and organic ingredients in food, nutraceutical, and cosmetic products. Eggshell membrane collagen powder is a natural ingredient that is desirable for consumers seeking natural products.
Increased awareness of the health benefits of eggshell membrane powder: Eggshell membrane powder contains several nutrients and bioactive compounds that benefit joint health, skin health, and overall wellness. As more consumers become aware of these benefits, the demand for eggshell powder increases.
Rising prevalence of joint and bone-related disorders: Joint and bone-related disorders such as arthritis and osteoporosis are becoming more common, particularly among aging populations. Eggshell membrane powder bull has anti-inflammatory properties that help alleviate joint pain and flexibility.
Growing demand for functional foods: There is a growing trend toward consuming foods that offer health benefits beyond essential nutrition. The organic eggshell powder can be added to functional foods such as protein bars, shakes, and supplements, making it an attractive ingredient for consumers.
Increasing demand for animal-based protein supplements: Eggshell membrane collagen powder is a rich animal-based protein source. Consumers are increasingly demanding protein supplements for sports nutrition, weight management, and overall health and wellness.

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Key Takeaways:

The eggshell membrane powder marketis expected to have a valuation of US$ 5.3 billion by 2033.
With a CAGR of 13.1%, the global market is increasing during the forecast period.
The market in the United States is anticipated to record a CAGR of 7.6% through 2033.
Historically, the market secured a CAGR of 7.6% between 2018 and 2022.

Other Essential Players in the Global Market are:

Biova LLC
Ecovatec Solutions
Microcore Research Laboratories
Eggnovo SL
Eggbrane
Stratum Nutrition
Certified Nutraceuticals Inc
Bolise Co Limited
Mitushi Biopharma
Kewpie Corporation

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Recent Developments in the Market are:

Companies offer innovative products, leverage partnerships and collaborations, and expand their distribution networks. Manufacturers with an intense research and development focus may have an advantage in creating new formulations and identifying new applications. Additionally, companies offering high-quality products at competitive prices and with efficient production processes can capture a huge market share.

New product launches:Several companies have recently launched new eggshell membrane powder products, including products for joint health, skin health, and digestive health. For example, in 2021, Biova LLC launched a new joint health product called BiovaFlex® Aqua, formulated for beverage use.
Partnerships and collaborations:Companies in the eggshell membrane powder market have been forming partnerships and collaborations to expand their reach and offer new products. For example, in 2020, Eggnovo SL and Rousselot, a global collagen company, announced a collaboration to develop new products for the nutraceutical and cosmetic markets.
Investments in research and development:Companies are investing in research and development to discover new eggshell membrane powder applications and improve production processes. For example, in 2021, Kewpie Corporation announced a joint research project with Osaka University to investigate the anti-inflammatory effects of eggshell membrane powder.
Expansion of manufacturing facilities:Companies are expanding their manufacturing facilities to increase production capacity and meet the growing demand for eggshell membrane powder. For example, in 2021, Microcore Research Laboratories announced an expansion of its manufacturing facility in California to increase the production of eggshell membrane powder.

Eggshell Membrane Powder Market by Category

By Nature:

Organic
Conventional

By Application:

Nutraceutical
- Dietary Supplements for Humans
- Dietary Supplements for Pets
Pharmaceutical
Cosmetics & Personal Care
Food & Beverages
- Bakery & Confectionery
- Snacks & Savory

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)

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Growing Global Fructose Market: Projected to Reach US$ 15.6 Billion by 2033

At a CAGR of 5.9% from 2023 to 2033, the global fructose market is to reach US$ 15,556.5 million in 2033, up from an estimated US$ 8,791 million in 2023.

Throughout the projected period, the market may well be likely to expand at a rapid pace. The rising global demand for fructose is driving growth in the global fructose market. While fructose is naturally present in fruits and vegetables, the food and beverage industry employs refined fructose obtained from corn syrup in their products.

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Experiencing Increased Health Consciousness and Growing Demand for Sugar Replacements

Increasing consumer health consciousness and disposable wealth in developing countries have resulted in the growing demand for sugar replacements such as fructose, which is calorie-free. Individuals with high blood sugar and diabetic patients choose calorie-free sweeteners, which promote the expansion of the fructose business.

The food and beverage industry’s constant demand for fructose as a sweetener for various food products such as bread products, health drinks, juices, and confectionary has considerably contributed to the growing demand for fructose. Fructose sweetener is utilized as a non-caloric sweetener in several food dishes, generating demand for the fructose syrup market from families and restaurants.

Increasing Worries over Diet Intake are Impeding the Market Expansion

According to the World Health Organization (WHO), 73% of fatalities in 2020 are predicted to be caused by disorders connected to nutrition. Customers are becoming more concerned about their dietary intake as awareness of obesity, diabetes, cardiovascular diseases, and digestive problems grow.

One of the main things that are thought to be slowing the fructose syrup market growth is that consumers all over the world are switching from fructose sweeteners to zero-calorie sweeteners.

Regional Outlook

With a sales share of more than 44%, North America dominated the global fructose market. The rise of the sector has been aided by the popularity of packaged beverages in the area, such as juices, sports drinks, and carbonated soft drinks. Consumer preferences in this area are gradually turning towards organic goods, which are probably going to adversely impact product demand.

Due to the growth in geriatrics, who are sensitive to chronic diseases, the demand is increasing in Europe at a slow pace. Since customers in the area prioritize their health, they consume few sweet foods and beverages, which has an impact on the fructose market expansion.

Asia Pacific is to witness significant growth because of the significantly growing beverage industries in China and India. The demand for food products including bottled drinks, candies, and chocolates is to increase due to the growing population and a change in consumer lifestyle.

Key Takeaways:

From 2023 to 2033, the sugarcane segment in the source category is to expand at a CAGR of 5.6%.
Between 2023 and 2033, the application segment in the end-use category may develop at a CAGR of 6.5%.
The United States fructose market is to develop at a CAGR of 30.2%, reaching US$ 1,379.6 million by 2033.
Germany fructose syrup market is to secure a CAGR of 33%, reaching US$ 718.6 million by 2033.
The United Kingdom fructose market is to capture a CAGR of 31.3%, reaching US$ 747.3 million by 2033.
China fructose market is to hold a CAGR of 32.6%, reaching US$ 1,207.2 million by 2033.
Spain D-fructose market is to witness a CAGR of 33.3%, reaching US$ 534.6 million by 2033.

Analysis of the Business

Due to the existence of numerous large and medium-sized businesses that provide comparable items, the fructose market is extremely fragmented and competitive. The value chain has vertically integrated key fructose manufacturers.

To access the local markets, fructose manufacturers are primarily focusing on small- and medium-sized end users. Additionally, they are attempting to take root in emerging economies where the bread, dairy, and food & beverage sectors are all expanding significantly. These tactics help businesses enter local markets and give them new prospects for expansion.

Notable Innovation and Development:

The VANTAGE sweetener solution design tools were made available by Tate & Lyle in July 2020. It is both an educational curriculum and a collection of fresh and cutting-edge tools for designing sweetener solutions for foods and beverages that are low in calories and high in sweetness.

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Predicts Robust Growth in Global Heparin-Induced Thrombocytopenia (HIT) Treatment Market, Projected to Reach USD 15.97 Billion by 2033

According to Future Market Insights, the global heparin-induced thrombocytopenia (HIT) treatment market is on a trajectory of significant growth, projected to expand from USD 9.8 billion in 2023 to a staggering USD 15.97 billion by 2033. This growth is expected to be driven by a consistent value CAGR of 5% over the forecast period.

HIT, a severe complication arising from heparin exposure, remains a leading cause of morbidity and mortality among hospitalized patients. It affects approximately 5% of patients administered with heparin, characterized by a significant drop in platelet count and the formation of additional blood clots. The urgency to address this condition has catalyzed the development and deployment of various treatment approaches.

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Currently, drugs such as argatroban and lepirudin, which are directly injected into the patient’s vein, are prominently used to inhibit clotting in HIT patients. Additionally, bivalirudin and fondaparinux are being explored for their efficacy in treating minor HIT cases, with ongoing studies aiming to validate their use in more complex scenarios. Once validated, these drugs are anticipated to be highly effective as oral medications in the future.

The rise in chronic heart ailments and cardiac anomalies has compounded the need for effective HIT treatment. From 1990 to 2019, cardiovascular disease incidences nearly doubled from 271 million to 523 million. This surge encompasses a range of conditions from aortic disease to deep vein thrombosis, necessitating surgical interventions and subsequent heparin administration to prevent blood clotting.

Accurate diagnosis of HIT is facilitated by laboratory tests such as enzyme-linked immunoassay (ELISA), enzyme immunoassay (EA), serotonin release assay (SRA), and heparin-induced platelet activation (HIPA). Among these, SRA tests are preferred due to their higher sensitivity and specificity, boasting accuracy rates of up to 95%. These tests are particularly effective in detecting highly pathogenic HIT sera, which include both heparin-dependent and heparin-independent platelet-activating antibodies.

Key Takeaways: Heparin-Induced Thrombocytopenia (HIT) Treatment Market

The HIT treatment market is estimated at USD 9.8 billion in 2023 and is projected to reach USD 15.97 billion by 2033, with a CAGR of 5%.
The USA is expected to hold the largest market share due to high patient awareness, more market players, and increased marketing efforts.
The Asia Pacific region is anticipated to witness the fastest growth due to rising cases of cardiovascular diseases and acute coronary syndromes.
South Asian countries like India and China present significant opportunities for manufacturing and distributing new HIT treatment drugs due to their large populations and increasing HIT incidence.

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Heparin-Induced Thrombocytopenia (HIT) Treatment Market: Key Market Participants

Key players of heparin-induced thrombocytopenia (HIT) treatment market includes Pfizer Inc., Alleviare Life Sciences Pvt. Ltd., ANDOZ, GlaxoSmithKline Plc., Eagle Pharmaceuticals Inc. Teva Pharmaceutical Industries Ltd., WEST-WARD, INC among others.

Heparin-Induced Thrombocytopenia (HIT) Treatment: Segmentation

On the basis of drug types:

Lepirudin
Danaparoid
Argatroban

On the basis of test types:

Enzyme Immunoassay (EIA)
Serotonin Release Assay (SRA)
Enzyme-Linked Immunosorbent Assay (ELISA)
Heparin-Induced Platelet Activation (HIPA) Test

On the basis of End User:

Hospitals
Diagnostic Centers
Specialized Clinics
Hospital Pharmacy
Home Care Setting0073
Mail Order Pharmacy

Regional Analysis Includes:

North America (USA, Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, UK, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, China ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Unlocking Growth in the Probiotic Ingredients Market: Forecasted to Reach US$ 9.7 Billion by 2033

The global probiotic ingredients market size is expected to reach a valuation of US$ 9,734.8 million by 2033. The sales of probiotic ingredients are likely to grow at an above-average CAGR of 6.4% from 2023 to 2033. The market is expected to experience significant growth in the forecast period, driven by increasing health awareness and the rising demand for functional foods.

The market is witnessing a shift towards natural and healthy products, which is driving the demand for probiotic ingredients. In addition, the increasing use of probiotics in dietary supplements, animal feed, and pharmaceuticals is expected to propel market growth further. The increasing number of product launches and partnerships between manufacturers and distributors are also contributing to market growth. However, the high cost of production and lack of standardization in labeling regulations may hamper the growth of the market in the coming years.

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Recent advancements in technology have allowed for more research on gut flora and the potential of probiotics to improve metabolic and psychological conditions, leading to the expansion of probiotics into new indication areas. Probiotic supplements offer a modern-day solution to these critical issues encountered by females. Manufacturers and marketers have introduced several probiotic supplements targeting females, responding to their needs. These developments are expected to bolster the global market for probiotic ingredients over the forecast period.

Consumption of a probiotic diet after antibiotic treatment results in the expansion of helpful microbes, which are likely to strengthen immunity and protect the body from further illnesses during the recovery stage. The diverse types of probiotic ingredients and supplements available in the market are driving its growth, catering to the varied needs of consumers. The unique types of probiotic ingredients and supplements such as probioslim, florastor, and align are gaining popularity due to their effective results in aiding in the recovery process.

Key Takeaways from the Probiotic Ingredients Market:

The bacterial probiotic ingredients segment is expected to record 5.6% CAGR from 2023 to 2033, becoming the leading product type.
Dietary supplements are predicted to increase at the fastest rate among end-use segments, with a CAGR of 6.5% from 2023 to 2033.
The probiotic ingredients industry in the United States is predicted to grow at a 5.9% CAGR from 2023 to 2033, with a market value of US$ 1,288.7 million.
The probiotic ingredients industry in the United Kingdom is estimated to be valued at US$ 805.4 million by 2033.
By 2033, China’s probiotic ingredients industry is expected to be worth US$ 735.0 million.
By 2033, Germany’s probiotic ingredients industry is estimated to be worth US$ 644.3 million.
The probiotic ingredients industry in Spain is expected to be worth US$ 483.3 million by 2033.

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Who is Winning?

The probiotic ingredients industry is highly competitive and fragmented, with numerous players operating in the market. Some of the major companies operating in the market include DuPont Nutrition & Health, Chr. Hansen Holding A/S, Lallemand Inc., Kerry Group Plc, and Koninklijke DSM N.V. These companies are focusing on developing new products and technologies to gain a competitive edge in the market.

Apart from the major players, there are several small and medium-sized enterprises operating in the market, which are primarily focused on niche applications. These players are focused on developing innovative products and applications to cater to changing consumer needs. Additionally, there are several regional players operating in the market, which are focused on catering to the specific needs of the local market.

The market players are adopting various strategies to gain a competitive edge in the market. Some of the common strategies adopted by the companies include mergers and acquisitions, partnerships, collaborations, and joint ventures. These strategies are aimed at expanding their product offerings and enhancing their market presence. Additionally, companies are also focused on investing in research and development activities to develop new and innovative products.

Key Segments

By Product Type:

Bacterial
- Lactobacillus
- Bacillus
- Enterococcus
- Bifidobacterium
- Streptococcus
- Others
Yeast
- Saccharomyces Cerevisiae
- Saccharomyces Boulardii

By End Use:

Food & Beverages Processing
- Bakery & Confectionery
- Breakfast Solutions
- Cultured Dairy Products
- Ice Cream & Frozen Desserts
- Snacks & Bars
- Infant Nutrition
- Beverages & Dairy Drinks
Dietary Supplements
- Immune Health
- Gut & Digestive Health
- Women’s Health
Personal Care & Cosmetics
Animal Feed

By End Product Form:

Powder
Suspension
Granule
Capsule
Stick Pack
Tablet/Chewable
Gel

Region:

North America
Latin America
Europe
Japan
APEJ
Oceania
Middle East & Africa

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Global Patient Handling Equipment Market Poised for Steady Growth, Projected to Reach USD 15.9 Billion by 2034

The global patient handling equipment market is set for robust growth, with market size expected to increase from USD 10.3 billion in 2024 to USD 15.9 billion by 2034, representing a compound annual growth rate (CAGR) of 4.4% over the forecast period. This sustained growth is driven by innovations in ergonomic design, a focus on sustainability, and the increasing need for equipment that supports rehabilitation and mobility training.

Manufacturers are placing a strong emphasis on developing ergonomic designs to enhance user comfort and safety. Key features include adjustable heights, padded surfaces, and intuitive controls, all aimed at reducing the risk of musculoskeletal injuries among caregivers and improving the overall patient handling experience. These advancements ensure that both caregivers and patients benefit from improved comfort and ease of use.

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Sustainability considerations are becoming increasingly important in the design and manufacturing of patient handling equipment. Companies are integrating eco-friendly practices into their operations, focusing on energy efficiency, recyclability, and the use of eco-friendly materials. These efforts not only meet environmental objectives but also attract eco-conscious consumers who prioritize sustainable products.

The market is also witnessing a trend towards the customization of patient handling equipment to support rehabilitation and mobility training programs for patients with disabilities or injuries. Customizable features and therapeutic accessories are being incorporated to facilitate personalized care plans and promote patient independence. This focus on tailored solutions is helping patients achieve better outcomes and enhancing their quality of life.

The patient handling equipment market is on a steady growth trajectory, driven by innovations in ergonomic design, a commitment to sustainability, and the need for specialized rehabilitation and mobility support. As the market continues to expand, manufacturers are expected to keep pace with these trends, offering advanced solutions that meet the evolving needs of caregivers and patients alike.

Key Takeaways: Patient Handling Equipment Market

The patient handling equipment market is expected to reach USD 15.9 billion by 2034, growing at a steady CAGR of 4.4%.
The increasing prevalence of obesity is driving demand for equipment designed for higher weight capacities.
The aging population and related mobility issues are leading to a greater need for advanced equipment to ensure safe patient care.
Stricter regulations from OSHA are pushing healthcare facilities to invest in equipment like lifts to minimize worker injuries.
Government investments in healthcare infrastructure, accessibility, and technology adoption are boosting the market.
Increasing disposable income is allowing more people to access quality healthcare services that utilize patient handling equipment.

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Competitive Landscape:

In the patient handling equipment market, companies are experiencing robust growth, fueled by expanding healthcare infrastructure, technological advancements, and the increasing demand for patient comfort and safety. Leading players are consistently innovating, introducing ergonomic designs, lightweight materials, and advanced features such as electric-powered lifts and mobility aids.

Furthermore, there is a heightened focus on improving efficiency and minimizing caregiver injuries, leading to investments in smart patient-handling solutions. With a strong emphasis on user-friendly designs and adherence to safety regulations, companies are striving to capture larger market shares and enhance their global presence in this crucial healthcare sector.

In March 2023, Joerns Healthcare, a vertically integrated provider of healthcare services and equipment in the USA post-acute care market, announced a strategic shift to concentrate all resources on the sales and service of medical equipment. Joerns Healthcare continues to be a leader in post-acute care, wound care, and patient handling. With a rich 134-year history of delivering quality products and services, Joerns Healthcare is poised to become a standalone enterprise in the USA capital market.

Company Profile:

Getinge AB
Stryker Corporation
Paramount Bed Co. Ltd
Invacare Corporation
Hill Rom Services
Guldmann Inc
Stiegelmeyer GmbH & Co. KG
Linet Inc
Joerns Healthcare
HoverTech International
Handicare Group
Benmor Medical Ltd

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Patient Handling Equipment Market by Category:

By Product:

In terms of product, the market includes wheelchairs and scooters, medical beds, ambulatory aid devices, bathroom safety equipment, and others.

By Type of Care:

Types of care provided by patient handling equipment are categorized into bariatric care, fall prevention, critical care, wound care, and others.

By Accessories:

In terms of accessories, the market is segmented into stretcher accessories, hospital bed accessories, lifting accessories, transfer accessories, and evacuation accessories.

By End Use:

The end use industries include hospitals, home care settings, elderly care facilities, orthopedic care, and others.

By Region:

As per region, the industry is divided into North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.

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