FMI Predicts Global Cheese Cutting Machine Market Forecasted to Drive Past USD 25,380.1 Million by 2033, Growing at 7.1% CAGR

The global cheese cutting machine market is poised for significant expansion, with a forecasted robust compound annual growth rate (CAGR) of 7.1% in the forthcoming years. This dynamic market is expected to escalate from its 2023 valuation of USD 12,782.0 million to an impressive USD 25,380.1 million by 2033.

Through thorough market segment analysis, it becomes evident that the micro-type grating machine sub-segment is poised to secure a notable share of the market in the foreseeable future. Embraced by culinary enthusiasts and kitchen connoisseurs alike, the micro-type grating machine has emerged as the preferred tool, praised for its user-friendly design and exceptional shredding capabilities, particularly with firm cheeses. As the cheese effortlessly glides along its surface, the machine seamlessly produces fine shreds on the opposite end, catering to a diverse range of culinary delights.

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Key Insights from the Cheese Cutting Machine Market:

  • The global Cheese cutting machine market is projected to grow at a CAGR of 7.1% over the forecasted period, according to Future Market Insights’ research.
  • The USA stands out as a significant player in the Cheese Cutting Machine market, contributing approximately USD 1,477.6 million, and accounting for nearly 34% of North America’s total share.
  • The Asia Pacific region is poised for substantial growth in the Cheese Cutting Machine sector, driven by the rising popularity of cheese-related foods among the middle-class population.
  • Technological advancements have played a crucial role in the Cheese Cutting Machine market’s growth, as the demand for mass production surges, and conventional methods prove insufficient to meet the demand.

Driving Factors for Cheese Cutting Machine Market Growth:

  1. Home Adoption: The anticipated surge in cheese-grating machine purchases for households, coupled with the increasing number of cheese enthusiasts, is expected to drive the demand for cheese cutting machines during the forecast period.
  2. Rising Cheese Consumption: Cheese has become a culinary staple in various meals, particularly breakfast, fostering its popularity. This trend is anticipated to contribute significantly to the growth of the cheese cutting machine market.
  3. Expansion of Food Establishments: The global proliferation of eateries, hotels, and accommodations is a crucial factor that will likely propel the growth of the cheese cutting machine market. The demand for efficient cheese processing equipment is on the rise due to the expanding food service sector.
  4. Cheese Variety Challenge: A potential hindrance to market expansion is the tendency of softer cheeses to clog grating machines, potentially damaging the equipment. This challenge needs to be addressed to ensure smooth growth of the cheese cutting machine market.
  5. Industrial Innovation: Key players in the industry are actively engaged in Research and Development (R&D), suggesting significant potential for growth in the industrial cheese shredder segment. This innovation-driven development could shape the market’s trajectory in the coming years.

Who’s Leading?

In the global cheese cutting machine market, the United States takes the lead with the largest market share. This dominance can be attributed to the country’s abundant restaurants. Given cheese’s widespread use in American cuisine, these establishments require efficient machines to swiftly cut it into smaller portions.

Driving the market’s growth, prominent players like GEA Group, Multivac, RISCO GmbH, Industries Castellvall, Provisur Technologies, iXAPACK, Food Tools, Textor Maschinenbau GmbH, Thurne-Middleby, and Marchant Schmidt are expected to be at the forefront of the industry.

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Market Segmentation:

By Product type:

  • Horizontal
  • Vertical

By End Use:

  • Supermarkets
  • Restaurants
  • Dining rooms

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Japan

Author:

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

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

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

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

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

About Future Market Insights (FMI)

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

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Herbal Medicinal Products Market is expected to grow at a 7.7% CAGR and reach a staggering USD 417.99 Billion by 2033 | FMI

Herbal Medicinal Products Market
Herbal Medicinal Products Market

The Herbal Medicinal Products Market is experiencing a surge in popularity, fueled by a growing consumer preference for natural remedies. A recent report by Future Market Insights (FMI) reveals that the market reached a value of USD 199.07 billion in 2023. Looking ahead, the report predicts a robust growth trajectory, with global sales of herbal medicines expected to reach a staggering USD 417.99 billion by 2033. This translates to a significant Compound Annual Growth Rate (CAGR) of 7.7%.

Government attempts to promote the use of herbal medicine around the world, particularly in the Western world, have resulted in the establishment of mass distribution networks, increased homeopathic remedy prescriptions, and increased demand for Ayurvedic therapies.

According to a recent Future Industry Insights report, certain qualities have been critical in driving growth in the herbal medicinal product market. Sales of these items are expected to hit US$ 171.62 billion in 2021, with a compound annual growth rate of 7.7% forecast from 2021 to 2031.

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Growing worries about the side effects of allopathic drugs have resulted in a steady shift in preference for traditional herbal treatments. These treatments are frequently used to cure a variety of maladies, including neurological diseases, coughs, colds, and flu, sexual troubles, feminine concerns, and metabolic diseases. Herbal medicine is valued for its potential to enhance health and systemic balance without drowsiness or negative side effects.

In 2015, Brazil’s La Politica Integral de Atención Integral a la Salud Indigena de FUNASA supported Indigenous communities’ traditional health systems, while the government recognized homeopathic medicines as a medical specialty and incorporated them in the National Health System. Brazil today has approximately 12,000 homeopathic doctors and 300 homeopathic chemists.

According to the World Health Organisation (WHO), herbal medicines are used by approximately 60% of the world’s population for primary healthcare, with this figure rising to up to 80% in underdeveloped countries. Around 75% of these sales are done through direct user-pharmacy contacts. The growth of online pharmacies and mail-order shopping has boosted demand for self-medication even further.

The global geriatric population is growing rapidly due to higher life expectancy rates. The World Bank reports that in 1990, the average mortality rate among the elderly worldwide was around 6%, rising to 9.5% in 2020. Chronic diseases associated with aging populations highlight the need for effective medications.

Key Takeaways from Herbal Medicinal Products Study:

  • Demand for Chinese medications is expected to grow at an 8.2% CAGR through 2031, owing to investments in the promotion of traditional Chinese medicine.
  • By 2031, retail pharmacies will account for more than 23% of the global market. This is owing to the ease of access to consumer health products.
  • The most profitable market for herbal medicinal goods is Europe, with Germany accounting for around 18% of the regional market in 2031.
  • China is the East Asian market leader, accounting for more than 49% of the market in 2031.
  • In 2031, South Asia will be the third most profitable market, with India accounting for more than 74% of the market.

Herbal Medicinal Products Market Competitive Landscape

Herbal medicine manufacturers are primarily interested in strategic expansions and patent filings to consolidate growth in a competitive industry.

For example, Arkopharma SA filed a patent in October 2020 for the Arkodigest® No Reflux 100% natural composition to enhance digestion.

Mountain Rose Herbs plans to turn the Phoenix Industrial Park in Eugene, which has 205,000 square feet of operational space and a 12-acre campus, into green space in November 2020 as part of its corporate expansion strategy.

The key market players covered by FMI include:

  • Blackmores Limited,
  • Sanofi-Aventis Healthcare PTY Ltd.,
  • Arkopharma SA,
  • Nutraceutical Corporation,
  • STADA Arzneimittel AG,
  • Himalaya Global Holdings Ltd,
  • Integria Healthcare,
  • Boiron Group,
  • Young Living Essential Oils,
  • Mountain Rose Herbs

Herbal Medicinal Products Market by Category

Product Type:

  • Ayurvedic
  • Homeopathic Medicines
  • Chinese Medicines
  • Aromatherapy product

Form:

  • Capsules/Tablets
  • Powder
  • Syrups
  • Oil and ointment
  • Others

Distribution Channel:

  • Hospital pharmacies
  • Retail pharmacies
  • Mail order pharmacies
  • E-commerce

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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Auto-Injectors Market to Explode, With a Forecasted 8.2% CAGR to Reach USD 67,200.1 Million by 2033

Auto-Injectors Market
Auto-Injectors Market

The auto-injectors market is poised for significant expansion, with a projected valuation of USD 30,578.2 million in 2023. However, what truly captures the attention of industry experts is the remarkable growth trajectory anticipated for the next decade. By 2033, the market is expected to surge to an impressive USD 67,200.1 million, underscoring its potential and growing importance in delivering medical treatments effectively.

This significant growth is projected at a commendable compound annual growth rate (CAGR) of 8.2% from 2023 to 2033. The rising reliance on auto-injectors for administering a variety of medications, ranging from life-saving drugs to biologics, underscores the increasing adoption of these devices. Notably, the market exhibited an even more accelerated CAGR of 11.6% from 2018 to 2022, reflecting the rapid uptake of auto-injectors in recent years.

Auto-injectors are transforming the way patients receive medical treatments, offering convenience, accuracy, and improved patient compliance. As the demand for self-administration of medications continues to rise, auto-injectors are becoming essential tools in managing chronic conditions, emergency treatments, and other medical needs.

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As the global healthcare landscape evolves, the demand for efficient, user-friendly drug delivery systems like auto-injectors continues to expand. The projected market growth underscores the critical role of auto-injectors in enhancing patient outcomes and streamlining medical procedures.

 “The growing adoption of auto-injectors among healthcare experts is opening up intriguing possibilities for their application in diverse medical scenarios.”- says an FMI analyst

The development of connected and smart auto-injectors is a major trend in the automotive industry. These gadgets improve treatment monitoring and patient engagement by sending usage data and patient information to healthcare providers. Furthermore, home-use auto-injectors are becoming more and more common, enabling patients to effortlessly administer their own prescriptions. Pharmaceutical companies and auto-injector manufacturers are working together to create co-branded devices for certain treatments, which guarantees precise and user-friendly drug administration.

Key Takeaways from the Auto-Injectors Market:

  • Prefilled auto-injectors dominate the market, commanding an impressive share of 86.30% in 2023.
  • The anaphylaxis indication Segment exhibits remarkable strength, capturing an overwhelming share of 88.7% in 2023.
  • The United States auto-injectors market boasts a substantial share of 29.10% in 2023.
  • Germany established a notable market share of 8.80% in 2023.
  • Japan claims a respectable market share of 1.60% in 2023.
  • Australia secures a significant market share of 5.60% in 2023.
  • China showcases its market prowess with a substantial share of 8.00% in 2023.
  • India also feels its impact with a substantial market share of 8.30% in 2023.

Key Players in the Auto-Injectors Market Striving for Better Revenue Prospects

The auto-injectors industry boasts a highly competitive landscape with several prominent players vying for market share. Some notable participants include Becton, Dickinson, Company, Sanofi, Pfizer, Inc., Mylan N.V., and Novartis AG. These companies have established their dominance through innovative product offerings and strategic partnerships. Moreover, their extensive global presence enables them to cater to a wide range of therapeutic areas and patient populations.

Another key trend in the competitive landscape is the formation of strategic collaborations between pharmaceutical companies and auto-injector manufacturers. This collaboration results in co-branded devices for specific medications, ensuring precise and user-friendly drug delivery.

This approach has created a win-win situation, with pharmaceutical companies gaining a competitive edge by offering differentiated delivery solutions and auto-injector manufacturers benefiting from increased product demand. As the industry continues to evolve, these partnerships are expected to shape the competitive landscape further, driving innovation and expanding market reach. 

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Key Companies in the Market:

  • Becton, Dickinson, and Company
  • Sanofi
  • Pfizer, Inc
  • Mylan N.V.
  • Novartis AG
  • Bayer AG
  • Janssen Global Services, LLC
  • Antares Pharma, Inc.
  • Amgen Inc
  • Eli Lilly and Company
  • Teva Pharmaceutical
  • Merck KgaA
  • GlaxoSmithKline plc
  • Ypsomed
  • SHL Medical
  • Gerresheimer AG
  • Midas Pharma GmbH
  • Aptar Pharma
  • Solteam Medical
  • Stevanato Group
  • E3D
  • West Pharmaceutical Services, Inc

Key Segments:

By Product:

  • Prefilled Auto-Injectors
  • Fillable Auto-Injectors

By Indication:

  • Anaphylaxis
  • Multiple Sclerosis
  • Rheumatoid Arthritis
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Anticipated Expansion in Steviacane Market: Expected Valuation of USD 239.0 Million by 2034, Growing at 9.0% CAGR

According to Future Market Insights (FMI) analysis, the steviacane market is expected to reach US$ 101.0 million in 2024 and US$ 239.0 million by 2034. The market is anticipated to expand at a CAGR of 9.0% over the forecast period.

Steviacane is the ideal alternative to traditional sugar, offering a sweet taste with fewer calories. Steviacane is a sugar substitute in several sugar-free food and beverage products, providing them with a similar sweetness without harmful health effects.

Steviacane is developed and designed to taste and look like granulated sugar but has 2/3 fewer calories than sugar. Steviacane can be used in several recipes and is suitable for baking, as it tastes like sugar.

The food & beverage industry has been a significant consumer of steviacane, with manufacturers incorporating it into several products, from sugar-free confectionery and bakery items to beverages and even pharmaceuticals. The versatility of steviacane, coupled with its natural origin, has made it a sought-after ingredient in the food industry.

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The global steviacane market is experiencing a significant boom driven by the growing demand for natural and healthier sugar alternatives. Also, the trend of clean-label, organic, and non-GMO products fuels the market growth.

Key Takeaways from the Report: 

  • The global steviacane market is expected to reach a valuation of US$ 239.0 million in 2034.
  • The market is expected to surge at a CAGR of 9.0% over the forecast period.
  • The United States is projected to reach a market valuation of US$ 76.5 million in 2034.
  • The powder form is estimated to hold a market share of 90.0% in 2024.
  • Germany is projected to reach a market valuation of US$ 26.3 million in 2034.

Competitive Landscape

Imperial Sugar (LDC), PureCircle Ltd., Cargill, Inc., Tate & Lyle PLC, Ingredion Incorporated, GLG Life Tech Corporation, and The Truvía Company, LLC are the leading players operating in the market. Introducing new products enables businesses to remain competitive, meet evolving consumer demands, attract clientele, retain existing customers, and expand their market share.

To hold onto their positions in the market, key firms are expanding their marketing and research & development budgets as well as their distribution networks. In order to create new-generation technology for the production of steviacane products, leading players are using competitive techniques.

For instance,

  • In July 2022, Sweegen unveiled a brand-new line of liquid stevia called Bestevia LQ.
  • In March 2022, Cargill revealed its plan to use EverSweet + ClearFlo technology to sweeten its stevia products commercially.
  • In July 2021, Layn invested US$ 148 million to construct a new stevia plant to help fulfill the growing demand for natural sweeteners worldwide.

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Key Companies Profiled

  • Imperial Sugar (LDC)
  • PureCircle Ltd.
  • Cargill, Inc.
  • Tate & Lyle PLC
  • Ingredion Incorporated
  • GLG Life Tech Corporation
  • The Truvía Company, LLC
  • In The Raw

Global Steviacane Market Segmentation by Category

By Form:

  • Powder
  • Liquid

By Application:

  • Dairy Products
  • Bakery Products
  • Beverages
  • Confectionery Products
  • Dietary Supplements
  • Snacks
  • Table Top Sweeteners
  • Others (Electrolyte Mixes and Medicinal Formulations)

By Nature:

  • Organic
  • Conventional

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Dry Eye Syndrome Treatment Market Projected to Reach USD9.5 Billion by 2033, at a CAGR of 6.4% | FMI Study

Dry Eye Syndrome Treatment Market 
Dry Eye Syndrome Treatment Market

According to a recent analysis, the Dry Eye Syndrome Treatment Market is estimated to reach USD 9.521 million by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period. This surge from a market value of USD 5.12 billion in 2023 highlights the growing demand for effective solutions to manage this prevalent condition.

The rising prevalence of dry eye syndrome, combined with rising demand for dry eye treatment to alleviate various symptoms, is a major factor driving the growth of the Dry Eye Syndrome Treatment market.

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Dry eye disease (DED) has developed as a public health concern, causing ocular discomfort, fatigue, and visual disturbance that reduces quality of life. It is one of the most common and troublesome ocular surface disorders (OSDs).

It happens when tears are unable to provide adequate moisture/lubrication or are produced insufficiently. This illness can cause a number of symptoms, including redness, a burning sensation, and inflammation, as well as itching and blurred vision.

Dry Eye Syndrome Treatment Market Key Takeaways:

  • In 2022, the United States accounted for 80.6% of the North American dry eye syndrome therapy market.
  • Germany owned around 17.2% of the European dry eye syndrome therapy market in 2022.
  • The artificial tears category will grow at a 7.1% CAGR depending on the product type.
  • Hospital pharmacies will continue to dominate the market in terms of distribution channel over the evaluation period.

Dry Eye Syndrome Treatment Market Competitive Landscape 

In a competitive environment, prominent market players are focusing on increasing research and development efforts to develop new products with long-lasting attributes and greater efficiency. These organizations vigorously engage in product launches, agreements, and approvals to enhance their market footprints. In the recent timeline, that is between 2019 and 2021, many businesses have actively sought product approval and concentrated on releasing novel products. For instance, in October 2021, Tyrvaya nasal spray for dry eye was approved by the US Food and Drug Administration (FDA). Other developments include the October 2019 announcement of Sun Pharmaceutical Industries Ltd., that one of its subsidiaries had commercialized CEQUA (cyclosporine ophthalmic solution) 0.09% in the US.

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Key Players:

Allergen plc. (Abbvie), Novartis AG, Otsuka Pharmaceuticals Co., Ltd., Bausch Health Companies, Inc. Akron, Inc., Johnson & Johnson, Inc., Thea Pharmaceuticals Limited, OASIS Medical, Altaire Pharmaceuticals Inc., Boiron USA, Similasan Corporation, Scope Ophthalmics Ltd., Reckitt Benckiser Group PLC, Medicom Healthcare Ltd, FDC Limited., Lupin Limited, Jamjoom Pharmaceuticals Co., and Sentiss Pharma Private limited

Dry Eye Syndrome Treatment Market By Category

By Product:

  • Cyclosporine
  • Topical Corticosteroids
  • Artificial Tears
  • Punctal Plugs
    • Removable
    • Dissolvable
  • Oral Omega Supplements
  • Others

By Prescription:

  • Rx
  • OTC
  • Medical Device

By Distribution Channel:

  • Hospital Pharmacies
  • Eye Health Clinics
  • Retail Pharmacies
  • Online Pharmacies

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More Insights Into Dry Eye Syndrome Treatment Market 

For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented based on product type, prescription, distribution channel, and region. According to the same reports, based on segmentation, the Rx (prescription) medicine category held about 71.4% of the overall market share in 2021. In terms of distribution channels, the retail and hospital pharmacies segment will lead the market growth. Based on region, the Dry Eye Syndrome Treatment market in the US, Germany, and China will present impressive growth during the forecast period.

In this latest report, FMI offers a detailed and unbiased analysis of the global Dry Eye Syndrome Treatment market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. The report highlights include a 9-year realistic sales prediction for the market, demand and supply trend analysis, illustrative representation of statistical data, and strategies adopted by leading players to retain a competitive edge.

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 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 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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Forecasted Growth in Global Yogurt and Probiotic Drink Market: Projected Valuation of USD 209,660.3 Million by 2034

The global yogurt and probiotic drink market is likely to secure a valuation of US$ 197,014.2 million in 2024, with a CAGR of 7.6% during the forecast period. The global market is anticipated to capture a valuation of US$ 209,660.3 million by 2034.

Yogurt and probiotic drink producers are focused on premium products for healthy lifestyles for consumers, increasing the demand for yogurt and probiotic drinks. These manufacturers focus on consumers’ requirements for fit and non-alcoholic beverages, which are increasing the adoption of yogurt and probiotic drinks. Consumers are looking for gut health and better immune system products, and the adoption of yogurt drinks is expanding the market opportunities.

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Manufacturers innovate cost-effective, natural, and high-quality drinks and are increasingly adopting yogurt and probiotic drinks. Consumers looking for fresh, organic, eco-friendly packaging solutions are increasing the demand for yogurt and probiotic drinks. Manufacturers offer lactose-free and organic ingredients drinks to improve consumers’ digestion and boost their energy.

Increasing advanced technology, infrastructure, and food sectors are rapidly fuelling the global market size. Food manufacturers add natural ingredients, plant-based additives, and natural flavours to attract consumers and enhance their sales volume. They are focused on offering no-sugar drinks for their consumers to maintain their diet plan and reduce toxicity.

Companies are looking for low-calorie, high-nutrient, and vitamin drinks to maintain their strength and energy, capturing consumers’ desire for yogurt and probiotic drinks. These manufacturers are enhancing their packaging style to catch consumers’ eye on their products. They advertise their products with simple and sustainable packaging, gaining vast popularity in the market.

Key Takeaways:

  • The yogurt and probiotic drink market is registering a CAGR of 7.6% between 2024 and 2034.
  • The United States is expected to register a CAGR of 6.3% by dominating the global market by 2034.
  • Germany is anticipated to capture a CAGR of 7.6% of the global market during the forecast period.
  • The United Kingdom is anticipated to register a CAGR of 8.9% in the global market in 2034.
  • China significantly drives the global market with a CAGR of 7%.
  • With a CAGR of 9.4%, India is rapidly advancing globally.
  • The yogurt drink category is estimated to lead the global market during the forecast period.

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Competitive Landscape:

The global market is highly fragmented by present players that innovate cost-effective and high-quality products for their consumers to boost their health. They are heavily investing in research activities to develop unique texture drinks and beverages to maintain consumers’ immune systems. They are up surging the market to another height through various tactics and strategies.

Key players promote their products on exhibitions, festivals, trade shows, and online platforms to capture vast audiences. They are focused on consumer feedback and fill gaps according to their requirements. These players can solve their issues through better ideas and innovations to expand market opportunities. Key players are likely to build their goals in the coming period through their exotic flavor drinks and sustainable options.

Key Companies Profiled:

  • Danone
  • Yakult Honsha Co. Ltd
  • Grupo Lala
  • Chobani, LLC
  • Califia Farms
  • Harmless
  • Lifeway Foods, Inc
  • KeVita
  • Bio-K+

Key Segments Covered in the Yogurt and Probiotic Drink Market:

By Product Type:

  • Yogurt Drink
  • Juice
  • Water
  • Kefir
  • Others

By Source Type:

  • Dairy-based
  • Plant-based
  • Water-based

By Region:

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

About Future Market Insights (FMI)

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

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Middle East Veterinary Vaccines Market Is Expected to Grow at a 4% CAGR to Reach US$ 973.8 Million by 2033 | FMI

Middle East Veterinary Vaccines Market
Middle East Veterinary Vaccines Market

The Middle East Veterinary Vaccines Market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 4% expected to hold steady until 2033. This positive outlook is driven by a surge in demand for veterinary vaccines across the region.

Market Value Expected to Nearly Double by 2033

The market size for veterinary vaccines in the Middle East is estimated at a robust US$627.1 million in 2023. This figure is anticipated to skyrocket to a staggering US$973.8 million by 2033, reflecting a near-doubling in market value within a decade.

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The rebound of economic prosperity in MEA markets is expected to contribute towards increased demand for processed healthy meat products. This will fuel the demand for effective vaccination of livestock, especially in major animal farming and meat-producing nations in the region with a diversified herd such as Sudan, Turkey, Egypt, and KSA.

Rising per capita disposable income levels are largely contributing to the demand for processed food items. This is expected to drive the growth of veterinary vaccines in poultry and livestock segments.

The key players in the veterinary vaccine industry are focusing on finding innovative products to control zoonotic infection rates. Along with this, various advancements in biotechnology are expected to create a favorable platform for the development of various veterinary vaccines in developing markets such as UAE, KSA, Turkey, and Jordan. These techniques include next-generation sequencing, synthetic biology, and systems biology, among others.

Further, continued investments in multi-disciplinary vaccinology research could improve vaccine development efficiency and shorten the time-to-market for upcoming veterinary vaccines.

Key players are working on innovative products, conducting acquisitions, mergers, and agreements with other companies to improve their market presence and tap into less competitive emerging markets.

For instance, In September 2018, Boehringer Ingelheim announced that they would be donating 75,000 doses of rabies vaccines to the Global Alliance for Rabies Control, as an effort to recognize World Rabies Day on September 28th.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level and help companies to sustain the increasing competitive pressure.

Key Takeaways from the Middle East Veterinary Vaccines Market Study

  • The attenuated live vaccines accounted for a 35.1% share of the total market of veterinary vaccines in the Middle East in 2021. The demand for attenuated live vaccines is expected to grow at a CAGR of 5.8% over the forecast period. By triggering a wide spectrum of immune responses, attenuated vaccines can deliver better immunity than conventional vaccinations.
  • The Livestock animals held the maximum share of 73.9% of the total veterinary vaccines market in terms of animals in 2021. Increased demand for processed meat products and making animal health a critical component of disease control is leading to increasing adoption of livestock animal vaccination in the Middle Eastern region.
  • The foot and mouth disease accounted for more than 27% of the market share of the Middle East veterinary vaccines market in 2021. Foot and mouth disease is the most commonly occurring disease among all the animals. This segment is expected to project a cumulative CAGR of 5.6% over the forecast period.
  • The private veterinary pharmacies registered sales worth U.S. $ 114.6 Mn during the year 2021 and are expected to project a cumulative CAGR of 5.0% over the forecast period. Increased awareness regarding animal vaccinations, rising incidences of foot and mouth disease, and high demand for good quality processed meat are some of the factors contributing to the growth of private veterinary pharmacies in the Middle East.

“Increased demand for processed meat products around the world will drive the demand for veterinary vaccines market in the Middle East,” says the FMI Analyst.

Who is winning?

The key manufacturers of the veterinary vaccines market are adopting strategies such as partnership strategies for global expansion and improving their hold over the global market.

  • In January 2021, Merck Animal Health announced the acquisition of Poultry Sense Ltd, which provides health and environmental monitoring solutions for the poultry industry.
  • In September 2019, Ceva, in partnership with Biotecon Diagnostics, announced the launch of their latest product, a real-time diagnostic kit that will help poultry producers fight salmonella infections in their farms.

The key players of the Middle East Veterinary Vaccines Market include :

JOVA, Bioveta, Inc., Intervac Pvt. Ltd., Zoetis, Elanco, Merial, Merck & Co. Inc, Bayer Pharma AG, Ceva and Boehringer Ingelheim.

Want more insights?

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The Middle East veterinary vaccines market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights into the Middle East veterinary vaccines market. The veterinary vaccines market is segmented into five parts based on vaccine type (attenuated live vaccines, inactivated vaccines, toxoid vaccines, DNA vaccines, recombinant vaccines, and others) based on animal type (companion animals, livestock animals, and equine) based on disease indication (foot and mouth disease, Newcastle disease, PPRS, canine parvovirus, brucellosis, avian influenza, and others), based on end-user (hospital pharmacies, veterinary clinics, private veterinary pharmacies and others) and based on country ( KSA, UAE, Turkey, Jordan, Sudan, Egypt and Rest of MEA).

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Middle East Veterinary Vaccines, by Category

By Vaccine:

  • Attenuated Live Vaccines
  • Inactivated Vaccines
  • Toxoid Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Others

By Animal:

  • Companion Animals
    • Canine
    • Avian
    • Feline
  • Livestock Animals
    • Aquatic
    • Bovine
    • Porcine
    • Small Ruminant
    • Poultry
  • Equine

By Disease Indication:

  • Foot and Mouth Disease
  • Newcastle Disease
  • PPRS
  • Canine Parvovirus
  • Brucellosis
  • Avian Influenza
  • Others

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 faced by clients 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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Branded Generics Market Is Expected to Grow at an Amazing 8.6% CAGR and Reach US$ 747.2 Million by 2033 | FMI

Branded Generics Market
Branded Generics Market

The Branded Generics Market is on the cusp of a significant upswing, with a projected market value of US$747.2 million by 2033. This impressive growth, fueled by a CAGR of 8.6%, signifies a near doubling of the market size from its estimated value of US$327.8 million in 2023.

Since branded generics are free from patenting, companies are investing handsome amounts in this drug category. The market is set to reach a valuation of around 283.2 Bn in 2021, with top players in tier-1 accounting for 20%-25% market share.

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The entry of new players, simple market authorization procedures, greater profit margin and off-invoice discounts will expand the Global Branded Generics Industry during the forecast period.

As per the FMI’s analysis, despite the slight setback due to the pandemic, the Global Branded Generics Industry registered year-on-year (Y-o-Y) growth at 4.9% CAGR during 2020-2021.

“Rising demand for branded generics across both developing and developed economies along with high penetration of pharmaceutical industry will offer lucrative growth opportunities for the branded generics manufacturers during the forecast period” says the FMI analyst.

Key Takeaways from FMI’s Branded Generics Market Study

  • China and India are spearheading the growth of the Asia Pacific market spurred by the increasing adoption of branded generics by large-scale pharmacy chains in the emerging economies
  • The U.S. will lead North America’s branded generics market, registering a growth at 3.83% CAGR during the forecast period.
  • The market in India is expected to offer lucrative growth opportunities to branded generics manufacturers backed by the expansion of the pharmaceutical industry
  • In terms of therapeutic application, cardiovascular diseases, and diabetes are expected to account for a considerable market share
  • Oral solid-dose pharmaceutical formulation continues to be highly preferred among patients. The oral segment accounts for over 55% share of the global branded generics market.

Branded Generics Market Competitive Landscape

Teva, Abbott Laboratories, Novartis, Mylan, and Pfizer are some prominent players operating in the Global Branded Generics Industry cumulatively holding around 20-25% market share.

Key players operating in the branded generic market are focusing on expanding their business in emerging markets. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development, and collaborations to gain a competitive edge in the market.

  • In October 2020, Glenmark Pharmaceuticals introduced NINDANIB (Nintedanib) for the treatment of pulmonary fibrosis in India. Glenmark has been amongst the first to launch the branded generic version at an affordable cost for the treatment of pulmonary fibrosis in India.

Branded Generics Market by Category Therapeutic Application:

  • Oncology
  • Cardiovascular Diseases
  • Diabetes
  • Neurology
  • Gastrointestinal Diseases
  • Dermatology Diseases
  • Analgesics and Anti-inflammatory
  • Others

Drug Class:

  • Alkylating Agents
  • Antimetabolites
  • Hormones
  • Anti-Hypertensive
  • Lipid Lowering Drugs
  • Anti-Depressants
  • Anti-Psychotics
  • Anti-Epileptics
  • Others

Formulation Type:

  • Oral
  • Parenteral
  • Topical
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

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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 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 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 5,000 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

Insights into Global Rosmarinic Acid Market Growth: Forecasted Sales Increase to USD 309.56 Million by 2033 at 9.1% CAGR

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

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

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

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

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

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

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

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

Key Takeaways from the Rosmarinic Acid Market Report:

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

Who is Winning?

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

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

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

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

Key Companies Profiled

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

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Rosmarinic Acid Market by Category

By Product Type:

  • >96% Purity
  • <=97% Purity

By Form:

  • Powder
  • Liquid

By Application:

  • Food and Beverage
  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics & Personal Care
  • Animal Feed

By Region:

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

About Future Market Insights (FMI)

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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RTD Cocktail Shots Market to Surpass USD 9.6 Billion as Demand for Ready-to-Drink and Fresh Drinks is Surging | FMI

RTD Cocktail Shots

According to Future Market Insights (FMI), the demand for RTD cocktail shots is expected to surge with growing consumption of cocktails and preference for fresh products. Hence, key playera are trying to capitalize on the trend by presenting a classic cocktail in a container made with natural ingredients.

Further, sales of ready-to-drink cocktail shots are also burgeoning as they do not require preparation. Also, availability of high-quality ready-to-drink cocktail shots are proving to be a turnkey solution that saves time and money.

In terms of packaging, the cans segment is expected to dominate the RTD cocktail host market. Millennials and several craft brew enthusiasts prefer cocktail from a can, improving the demand for canned RTD cocktail shots.

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Key Takeaways from Market Study

  • The ready-to-drink cocktail shots market is expected to expand at CAGR of 10.0% over the forecast period.
  • Among the type, spirit based is expected to dominate the market, accounting for 42.0% of the revenue during the forecast period.
  • Among the packaging segment, bottle segment accounted for more than 57.0% revenue share and it is expected to grow at 8.2% CAGR over the forecast period.
  • Among distribution channel segment, supermarkets/hypermarkets category will account for over 70% of demand share between 2022 and 2032.

“Ease in convenience coupled with busy lifestyle has increased the demand for ready-to-drink cocktail shots. Hence, key players are introducing fresh flavors to capitalize on growing demand,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of global ready-to-drink cocktail shots market are focusing on research & development in order to develop innovative and unique product offering. In addition to this, these key players in the ready-to-drink cocktail shots market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and to increase the existing production capacity.

  • In 2018, Bacardi Ltd announced the completion of its acquisition of PATRON brand of Patron Spirits International AG, the world’s best-selling ultra-tequila. With this acquisition, Bacardi becomes the leading spirits company in the ultra-segment in the United States, as well as the second largest in terms of market share by value.
  • In 2020, Bacardi Ltd, the world’s largest family-owned spirits company, announced the acquisition of batched cocktail and premium crafted company TAILS.

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Explore More Valuable Insights

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

The study offers compelling insights based on type (Malt-based, Wine-based, Spirit-based), by Packaging (Bottles, Can), by Distribution Channel (Online, Hypermarkets/supermarkets, Liquor Stores) across seven major regions of the world.

About Future Market Insights (FMI)

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

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