Market Research Blog – Page 1963 – New Product Development

Urinary Tract Infection (UTI) Treatment Market is Expected to Grow Impressively, with a 1.9% CAGR to Reach US$ 13,617.4 Million by 2034 | FMI

The Urinary Tract Infection (UTI) Treatment Market is poised for steady growth, reaching an estimated US$13.617.4 million by 2034. This projection comes after a valuation of US$11,244.0 million in 2024. The market is expected to see a consistent increase with a Compound Annual Growth Rate (CAGR) of 1.9% between 2024 and 2034.

The urinary tract infection treatment market is poised for substantial growth in the foreseeable future, attributed to factors such as hormonal changes, inadequate personal hygiene practices, catheter usage, and other contributing factors. As the prevalence of urinary tract infections rises, the market is anticipated to experience noteworthy expansion in the coming years.

The heightened occurrence of chronic kidney diseases, including conditions like bladder cancer and renal failure, has resulted in a greater utilization of catheters and other drainage devices among patients. Individuals using urinary catheters face an elevated risk of developing complicated urinary tract infections, driving the demand for UTI treatment.

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Supportive government policies, initiatives, and regulations can influence the market positively by fostering research and development in the field of UTI treatment. Increased spending on healthcare infrastructure and services, both in developed and developing countries, can positively influence the UTI treatment market.

The adoption of telehealth and remote patient monitoring technologies can facilitate better management and follow-up care for individuals with UTIs. Growing awareness among patients and healthcare professionals about the importance of early detection and prompt treatment of UTIs can contribute to market growth.

Urinary Tract Infection (UTI) Treatment Market Key Takeaways

From 2019 to 2023, the urinary tract infection (UTI) treatment market was valued at a CAGR of 2.1%
Based on indication, the uncomplicated UTI segment is expected to account for a share of 76.2% in 2024.
Global urinary tract infection (UTI) treatment demand in China is predicted to account for a CAGR of 2.0% in 2024.
In the United States, the urinary tract infection (UTI) treatment industry is expected to account for a CAGR of 2.5% in 2024.
India is projected to expand by a value CAGR of 1.9% between 2024 and 2034.
The urinary tract infection (UTI) treatment market in Japan is anticipated to record a CAGR of 2.1% in 2024.

“Increased prevalence of urinary tract infections and strategic advancements in treatment options propel the growth of the urinary tract infection treatment market.” says an FMI analyst.

Urinary Tract Infection (UTI) Treatment Market Competitive Landscape

The market players are investing in ongoing research and development activities to discover and develop new and more effective UTI treatment options. This could involve the exploration of novel antibiotics, combination therapies, and innovative drug delivery methods. Expanding market presence by entering new geographic regions and enhancing distribution networks to ensure wider availability of UTI treatments.

Bristol-Myers Squibb Company focuses on the development of drugs in various therapeutic areas, including infectious diseases. They might have products related to UTI treatment.
Janssen Global Services LLC is a pharmaceutical company under the umbrella of Johnson & Johnson. They may have products related to infectious diseases, including UTI treatment.
Lupin is an Indian multinational pharmaceutical company. They might have a range of pharmaceutical products, including those related to infectious diseases.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global urinary tract infection (UTI) treatment market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.

To understand opportunities in the urinary tract infection (UTI) treatment industry, the industry is segmented based on Drug Class (Penicillin & Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides (Sulfamethoxazole, Trimethoprim), Azoles and Amphotericin B, Tetracycline (Doxycycline), Nitrofurans (Nitrofurantoin), Others) By Indication(Complicated Urinary Tract Infection, Uncomplicated Urinary Tract Infection) By Distribution Channel(Hospital Pharmacies, Gynecology and Urology Clinics, Drug Stores, Retail Pharmacies, Online Drug Stores) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Key Players operating in the Urinary Tract Infection (UTI) Treatment Market are

Allergan
Bayer AG
Pfizer, Inc.
GlaxoSmithKline plc
Bristol-Myers Squibb Company
Janssen Global Services, LLC
Lupin Ltd
Merck & Co., Inc.
Almirall, S.A
Dr. Reddy’s Laboratories Ltd.

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Urinary Tract Infection (UTI) Treatment Market – Key Segments

By Drug Class:

Penicillin & Combinations
Quinolones
Cephalosporin
Aminoglycoside Antibiotics
Sulphonamides (Sulfamethoxazole, Trimethoprim)
Azoles and Amphotericin B
Tetracycline (Doxycycline)
Nitrofurans (Nitrofurantoin)
Others

By Indication:

Complicated
Uncomplicated

By Distribution Channel:

Hospital Pharmacies
Gynecology and Urology Clinics
Drug Stores
Retail Pharmacies
Online Drug Stores

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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 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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Insights into the Expansion of Crab Meat Market Sales: Expected CAGR of 4.7%, Targeting USD 1,516.1 Million by 2033

The global Crab Meat Market estimated to reach US$ 879.2 million in 2023. The market is anticipated to expand at a CAGR of 4.7% during the forecast period 2023 to 2033. It is likely to reach a value of US$ 1,516.1 million by 2033.

The global crab meat market is a dynamic and thriving segment within the seafood business. Crab meat is known for its distinct flavor and versatility in various culinary preparations, due to which it has gained significant popularity worldwide.

The market is driven by several crucial factors. This includes increasing consumer awareness of the nutritional benefits associated with seafood consumption and changing dietary preferences towards healthier protein options.

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Sustainability has also become a key focus. Consumers now demand responsibly sourced crab meat that aligns with ethical and environmental considerations.

Europe and the United States are prominent regions fueling the demand for crab meat, given their culinary traditions and appreciation for high-quality ingredients. Europe has a diverse food culture, particularly in countries such as France, Spain, Italy, and the United Kingdom. These countries contribute to a strong affinity towards seafood delicacies such as crabs.

Consumers are increasingly seeking higher-quality crab meat to enhance their dining experiences, leading to a demand for premium crab meat options. Specialty crab meat is often perceived as a healthy protein option, rich in nutrients and low in fat. It will likely drive health-conscious consumers to choose these varieties.

The demand for unique flavors and culinary experiences has led to an increased interest in specialty crab meat varieties, which can offer distinct tastes and textures. Upscale restaurants and hotels are incorporating premium crab meat varieties into their menus. This helps cater to discerning customers and contributes to market growth.

Specialty crab meat is often associated with special occasions and celebrations, leading to increased demand during festive seasons and events. As culinary boundaries blur, consumers are more open to trying international dishes that feature specialty crab meat. This is a key factor driving demand for diverse crab meat options.

The rise of online shopping and food delivery platforms has made it easy for consumers to access and order premium crab meat varieties, boosting market demand. Consumers are increasingly concerned about sustainability and ethical sourcing, leading to a preference for premium crab meat that is sourced responsibly.

The convenience-driven lifestyle of modern consumers has led to an increased demand for value-added products such as pre-packaged meals or ready-to-eat snacks that offer quick preparation times without compromising quality or taste.

Technological advancements have also played a vital role in maintaining product freshness during processing and extending shelf life through improved packaging techniques and efficient cold-chain logistics.

Key Takeaways from this Market Report:

The global sales of crab meat are expected to reach a valuation of US$ 1,516.1 million by the end of 2033.
Sales in the crab meat market are anticipated to expand at a CAGR of 4.7% over the forecast period.
The United States is projected to have a valuation of US$ 580.7 million by 2033 in the crab meat industry globally.
Germany is projected to reach a market valuation of US$ 350.2 million by 2033.
India is estimated to have a value CAGR of 5.6% during the forecast period 2023 to 2033.

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Who is Winning?

Key manufacturers are ensuring high quality and food safety standards through rigorous testing, certifications, and traceability systems. It is a key strategy to build consumer trust and meet regulatory requirements. Manufacturers are investing in innovative packaging solutions to extend shelf life, maintain product freshness, and enhance convenience for consumers.

Key manufacturers are collaborating with retailers, distributors, and restaurant chains, as they can help manufacturers increase their distribution reach and access a wide customer base. They are investing in research and development to create new crab meat-based products, flavors, and formulations. It can keep manufacturers competitive and appealing to changing consumer tastes.

They are launching new products, which are essential in helping businesses stay competitive and meet changing consumer demands. This is allowing them to attract new customers and retain existing ones while increasing their market share.

Key Companies Profiled in the Crab Meat Market are:

Phillips Foods, Inc.
Blue Star Foods Corp.
Handy International Incorporated.
Red Chamber Co., Ltd.
Trans-Ocean Products Inc.
Crown Prince, Inc.
Chicken of the Sea International.
East Coast Seafood Group.
Thai Union Group PCL.
Nissui Group.

Key Players in the Market:

Phillips Foods, Inc. offers a variety of seafood products, with a focus on crab and other seafood items. A few of their popular offerings include crab cakes, crab meat, shrimp, and other seafood-based dishes. They provide both retail products for consumers and food service products for restaurants and other businesses in the food industry.
Blue Star Foods Corp. is a Miami-based worldwide seafood enterprise. It imports, packages, and distributes chilled pasteurized crab flesh and other high-quality seafood.

Market Outlook by Categorization:

By Product Type:

Lump Crab Meat
Claw Crab Meat
Backfin Crab Meat

By Form:

Fresh Crab Meat
Pasteurized/Canned Crab Meat
Frozen Crab Meat

By Sales Channel:

Foodservice (HoReCa)
Retail
- Supermarkets
- Hypermarkets
- Convenience Stores
- Specialty Seafood Stores
- Online Retailers

By Region:

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

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Empty Capsules Market Set to Reach USD6.4 Billion by 2034, with a healthy CAGR 8% | FMI Study

The Empty Capsules Market is experiencing a surge in growth, driven by increasing demand in the pharmaceutical and nutraceutical industries. According to a recent report, the global market is expected to reach a staggering US$6.378.6 million by 2034. This signifies a substantial rise from the projected market size of US$2,956.6 million in 2024, reflecting a healthy Compound Annual Growth Rate (CAGR) of 8%.

Driving Factors Behind Surging Demand for Empty Capsules

The primary drivers behind the surging demand for empty capsules are twofold. First, there is a noticeable uptick in the popularity of capsules as the preferred form of drug delivery. This shift is further accentuated by the increasing consumption of various medications. Secondly, as the global burden of chronic diseases continues to escalate, the demand for effective therapeutics is expected to surge, presenting lucrative opportunities for suppliers of empty capsules.

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The Advantages of Capsule-Based Drug Delivery Systems

Moreover, the shift towards capsule-based drug delivery systems can be attributed to their several advantages, including improved bioavailability, better patient compliance, and enhanced efficacy. These benefits have significantly contributed to the growing preference for capsules among both patients and healthcare professionals. As a result, the demand for empty capsules is on a continuous rise.

A Promising Future for the Empty Capsules Market

In summary, the future of the Global Empty Capsules Industry appears incredibly promising, with robust growth prospects anticipated in the years ahead. Key industry players operating in the market are well-positioned to benefit from this trend, provided they adapt to evolving consumer preferences and invest in product innovation to maintain a competitive edge.

Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.

Empty Capsules Market Key Takeaways

With a market share of more than 38.3%, North America now dominates the global empty capsules industry.
Western Europe and Eastern Europe currently have market shares of more than 18.8% and 7.8%, respectively.
Latin America is expected to develop significantly throughout the projected period, accounting for more than 9.7% of the Global Empty Capsules Industry.
The German empty capsules market is committed to the region’s growth. The German market is expected to reach US$ 269.6 million by 2033, growing at a CAGR of 7.9% in the interim.
Gelatin-based capsules, particularly 00 gelatin capsules, 000 gelatin capsules, size 5 gelatin capsules, and size 3 gelatin capsules, are expected to grow in popularity until 2033.
In recent years, there has been a significant growth in the consumption of nutraceuticals to strengthen immunity and compensate for the nutrition lost owing to poor eating habits and the irregularity of a sedentary lifestyle.

Empty Capsules Market Competitive Landscape

The Global Empty Capsules Industry is known to be highly competitive in nature attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players are constantly focusing on introducing new products designed out of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc. to expand their global footprint.

List encompassing key players operating in the Empty Capsules Market

ACG Worldwide
Capsugel
Qualicaps Inc.
Bright Pharma Caps Inc.
Sunil Healthcare Ltd.
CapsCanada Corporation
Roxlor LLC
Snail Pharma Industry Co. Ltd.
Suheung Co. Ltd.
Medi-Caps Ltd

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Key Segments of Empty Capsules Market Survey

Capsule Size:

Size “000” Empty Capsules
Size “00” Empty Capsules
Size “0” Empty Capsules
Size “1” Empty Capsules
Size “2” Empty Capsules
Size “3” Empty Capsules
Size “4” Empty Capsules
Size “5” Empty Capsules

Product Type:

Gelatin (Hard)-based Capsules
Vegetarian-based Capsules

Route of Administration:

Empty Capsules for Oral Administration
Empty Capsules for Inhalation

Raw Material:

Contract Type-A (Pork Skin) Empty Capsules
Type-B Gelatin (Animal Bones & Calf Skin) Empty Capsules
Fish Bone Gelatin Empty Capsules
Empty Hydroxy Propyl Methyl Cellulose (HPMC) Empty Capsules
Starch Material Empty Capsules
Empty Pullulan Capsules

End User:

Empty Capsules for Pharmaceutical Companies
Empty Capsules for Cosmetic & Nutraceutical Companies
Empty Capsules for Clinical Research Organizations (CROS)

Author

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)

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Electronic Medical Records Market Poised for Steady Growth: Reaching USD34.34 Billion by 2034 | FMI Study

The future of healthcare is increasingly digital, with the Electronic Medical Records Market playing a central role. A new report by Future Market Insights highlights a promising outlook for the EMR ecosystem, with the market expected to reach a value of USD34.34 billion by 2034. This translates to a steady Compound Annual Growth Rate (CAGR) of 6.2%.

This remarkable expansion underscores the escalating adoption of electronic medical records (EMR) across the healthcare landscape, revolutionizing the way patient information is documented, managed, and utilized.

As the healthcare industry seeks scalable solutions to meet evolving demands, numerous healthcare providers are opting for electronic health records as a software-as-a-service (SaaS) model. This approach ensures seamless integration, improved data accessibility, and greater operational efficiency, contributing to the market’s overall momentum.

The future of healthcare is being reshaped by EMR systems, providing comprehensive, secure, and accessible patient data management. As the industry continues to evolve, the global EMR market is poised to play a pivotal role in enhancing healthcare delivery and

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The market is expanding as a result of an increase in the number of benefits, including lower infrastructure and maintenance expenses, lower license and start-up costs, and greater accessibility. Improved productivity and quicker, simpler adoption are two benefits of cloud-based EMR solutions. The application is incredibly scalable because of its cloud-based architecture (pay-as-you-go storage utilization). It removes departmental silos of healthcare data to streamline and consolidate storage resources to reduce costs and boost efficiency.

Large, well-known firms are starting to enter the cloud sector. To maintain the level of patient care, the cloud infrastructure also provides real solutions for business continuity and disaster recovery. As a result, it is anticipated that the market for cloud-based EMR will expand dramatically. To give medical staff relatively easy access to patient records, the digital revolution in healthcare is essential. During the projection period, it is predicted that the growing need for systems and software that connect hospitals, clinics, and other healthcare facilities will become a growth driver.

A greater emphasis is placed on strategic partnerships between leading suppliers of electronic medical record solutions as market rivalry intensifies. Additionally, it is projected that the constantly growing need for knowledge sharing and technology upgrades to improve healthcare efficiency will foster partnerships between important actors.

Key Takeaways from the Electronic Medical Records Market

The US electronic medical records (EMR) market is anticipated to expand at a CAGR of 6% over the forecasted period.
By 2033, it is anticipated that the cost of implementing electronic medical records (EMR) in the US will surpass US$ 18.4 Bn.
The UK electronic medical records (EMR) industry is anticipated to expand at a CAGR of 8.4% throughout the anticipated time frame.
By 2033, the UK’s sales of electronic medical records (EMR) systems are anticipated to surpass US$ 1.6 billion.
The market for electronic medical records (EMR) in India is anticipated to expand at a CAGR of 8.2% over the forecasted period.
By 2033, the Indian market for electronic medical records (EMR) is anticipated to reach more than US$ 255.0 Mn.
In 2021, the market for electronic medical records (EMR) was dominated by cloud-based EMRs, which accounted for more than 50.0% of total revenue.
Hospital electronic medical records (EMR) are expected to increase at a CAGR of 6.4% throughout the forecast period as a result of rising pandemic and epidemic infections, as well as the requirement for global vaccination against a wide range of diseases.

Who is Winning?

According to Future Market Insights (FMI), top EMR solution providers are building alliances with the local healthcare system, engaging in mergers and acquisitions, and bolstering their distribution networks to develop and explore the underdeveloped markets of Asia and Latin America. To break into middle-income and emerging markets, market companies are also concentrating on raising awareness, lowering the price of EMR software and related services, and fusing EMR with contemporary technologies.

Microsoft Corp. acquired Nuance Communications, Inc. in April 2021 to empower healthcare providers with the power of ambient clinical intelligence and other Microsoft cloud services.
Capital Health, a regional leader in providing cutting-edge, high-quality patient care, introduced a new electronic health record (EGR) in the acute care divisions of both of its hospitals in February 2021 to better serve its patients.
The “Patient” database personal health record (PHR) of the patient will now be able to safely transfer the patient’s existing health records from the “Patient” database onto the Apple Health app, according to a May 2021 announcement from DrChrono. This should simplify the procedure and make it easier to access medical data more quickly.

Key Segments Covered in Electronic Medical Records Market Study

By Product Type:

Hospital EMR
Ambulatory EMR

By Component:

EMR Software
EMR Services

By Application:

Client Server Setup EMR
Hybrid Server Setup EMR
Cloud Based EMR

By End User:

Hospitals
Specialized Clinics
General Physician Clinics
Ambulatory Surgical Centers

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Author

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.

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Rail Wheel And Axle Market Expected to Hit USD 7,603.4 Million with CAGR of 5.6% by 2033

FMI-Automotive-Rail Wheel and Axle Market — MRB-Automotive-Rail Wheel and Axle Market

During the forecast period, the global Rail Wheel And Axle Market is expected to expand at a steady CAGR of 5.6%. At its present growth rate, the global market for rail wheels and axles is expected to be worth USD 4,402.3 Million by the year 2023. In 2033, the demand for rail wheel and axle is projected to reach USD 7603.4 Million.

Due to the growing sophistication of rail networks and trains, as well as the present trend toward autonomous technology, train makers are devoting significant resources to R&D to develop lighter materials for wheels and axles for freight trains, passenger trains, and short-distance trains.

Nearly 7 billion people take trains each year, and they all want to travel as quickly, easily, and economically as possible. It’s for this reason that the research and development of fully driverless trains is continuing to advance. Computerized monitoring systems installed on autonomous trains can detect problems with rail wheels and axles.

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There are numerous benefits to using a solar rail system instead of traditional diesel trains. Diesel-powered trains usually have two engine cars. In contrast, solar-powered trains use solar gears in place of traditional gears. Solar panels have been put on the bogie roofs, and electric motors and batteries have been installed in the second diesel compartment.

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The electrical needs of railway engines, which normally require 750 V to 800 V to move the rails, may be met by solar panels set atop trains providing voltages of 600 V to 800 V. Demand for these trains is likely to rise, which is good news for manufacturers of rail wheels and axles.

The rail wheel and axle market is an important segment of the global rail transportation industry. Rail wheel and axle products are essential components of rail vehicles, such as trains, trams, and subway cars, and are used to support and propel these vehicles. There are several factors that are driving the global rail wheel and axle market, including growth in rail transportation, urbanisation and population growth, environmental concerns, and technological advancements. However, the demand for rail wheel and axle is also facing several restraints or challenges, including high capital costs, cyclical demand, a complex supply chain, competition from other modes of transportation, and regulatory challenges. Despite these challenges, the rail wheel and axle market is expected to continue growing in the coming years, driven by increasing demand for rail transportation and ongoing technological advancements in the industry.

Key Takeaways

It is estimated that the US market for rail wheel and axle will be worth $570.8 million in 2022.
Market value in China, the world’s second largest economy, is projected to reach $878 million by 2026, expanding at a CAGR of 6% from 2023 to 2033.
Over the projection horizon, both Japan and Canada are predicted to grow at rates of 2.9% and 3.8%, respectively.
The demand for rail wheel and axle in Germany is projected to expand by 3.3% this year.

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Competitive Landscape

The global rail wheel and axle market is highly competitive, with many companies operating in this space. These companies are engaged in a range of activities, including the production of rail wheels and axles, the repair and maintenance of these products, and the supply of related services.

There are several key players in the global rail wheel and axle market, including Amsted Rail, ArcelorMittal, Bradken, GE Transportation, Klöckner Pentaplast, Lucchini RS, NSSMC, Vyatka, and Wabtec. These companies are well-established players with a strong presence in the market and a reputation for producing high-quality products.

Overall, the global rail wheel and axle market is highly competitive, with a diverse range of companies operating in this space. Companies in the market are constantly seeking ways to differentiate themselves from their competitors, such as through the development of new technologies or the expansion of their product offerings.

Key Segments in the Global Rail Wheel and Axle Market

By Wheel Type:

Monoblock Wheels
Resilient Wheels
Rubber Tyred Wheels
Steel Tyred Wheels
Other Special Wheels

By Axle Type:

Hollow Axles
Solid Axles

By End Use:

High-Speed Railway
Fast Speed Railway
Subway
Other End Uses

By Sales Channel:

OEMs
Aftermarket

Region:

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

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Peptide Therapeutics Market Poised for Explosion: From USD38 Billion to USD106 Billion by 2033 | FMI Study

The Peptide Therapeutics Market is on the verge of a significant breakthrough. According to a new report, the market is projected to skyrocket from a value of USD38.0 billion in 2023 to a staggering USD106.0 billion by 2033. This remarkable surge translates to a robust Compound Annual Growth Rate (CAGR) of 10.8% over the next decade. This phenomenal growth highlights the increasing recognition of peptide therapeutics as a powerful tool in the fight against various diseases.

The exponential expansion of the Global Peptide Therapeutics Industry is a direct result of the manifold advantages these therapies offer. Notably, they have consistently demonstrated their efficacy in treating metabolic disorders, and this trend is anticipated to persist over the entire forecast period.

The outlook for the Global Peptide Therapeutics Industry remains exceedingly optimistic, bolstered by the inherent benefits of these therapies and their extensive applications within the pharmaceutical and biotechnology sectors. Manufacturers of peptide therapeutics have recognized their pivotal role in addressing unmet medical needs, further propelling the market’s rapid growth.

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Further, peptide therapeutics can be a preferred alternative to small molecule and biological therapeutics. All of these factors have led to an upsurge in research and investments in peptide drug recovery over the last ten years and is expected to bode well for the future prospects of the market.

Again, surging incidences of metabolic disorders and high prevalence of cancer propel the demand for investments in research and development activities in the field of peptide therapies. These illnesses are the prime cause of death and disability all over the world. As a result, there a greater demand for the development of peptide therapeutics. Peptide-based drug delivery for cancer cells coupled with enhancements in the next generation therapeutics will presumably supplement the market expansion of peptide therapeutics. In addition to this, there’s a rise in the interest in therapeutic peptide research due to commercial reasons. Thus, it is presumed that peptide drug recovery will play a crucial role in the healthcare industry.

“Heightened application of peptides in the treatment of diabetes and cancer will likely augment the sales of peptide therapeutics in the global market over the forecast period,” says an FMI analyst.

Peptide Therapeutics Market Key Takeaways:

The popularity of oral peptide-based drugs to generate attractive market opportunities.
Peptide-based therapeutics will continue to gain momentum in Cosmeceuticals.
Government support to aid market growth in North America.
India will offer various lucrative opportunities to the peptide therapeutics industry.
Based on the route of administration, the parenteral route segment will continue to gain preference during the assessment period.

Peptide Therapeutics Market Competitive Landscape:

Eli Lilly and Company, AstraZeneca plc, Merck & Co., Inc., Ipsen S.A, Novo Nordisk A/S, and Teva Pharmaceutical Industries Ltd., among others are some of the major players in the Global Peptide Therapeutics Industry that are profiled in the full version of the report.

In a moderately competitive market, major players are concentrating on market expansion activities. These organizations are engaging in distribution agreements, white space exploration, and collaborative ventures. The more established businesses are focusing on working with local players in order to expand their production capacities and improve their regional presence.

More Insights into the Peptide Therapeutics Market Report

In its latest report, FMI offers an unbiased analysis of the global peptide therapeutics market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2025. To understand the global market potential, growth, and range, the market is segmented based on application (cancer, cardiovascular diseases, central nervous systems, metabolic disorders, infections, hematological disorders, gastrointestinal disorders, dermatology, respiratory disorders, acromegaly, other applications), route of administration (parenteral route of administration, mucosal route of administration, oral route of administration, transdermal route of administration), drug type (branded drugs, generic/ biosimilar drugs), and region.

According to the latest FMI reports, based on region, the peptide therapeutics market in North America is expected to dominate the market over the forecast period. A surge in government investments as well as an increase in industry spending on research and development activities in peptide therapeutics is driving the regional market growth. This market is further supported by the target market expansion in the United States. Owing to the high prevalence of cancer along with increasing research and development activities, the U.S. peptide therapeutics market is expected to witness impressive growth over the forecast period.

In India, the Global Peptide Therapeutics Industry is anticipated to gain many profitable future prospects. The rising adoption of synthetic peptide drugs in India will likely propel the market growth in this region. Rising incidences of chronic illnesses and an ageing population also contribute to the market growth.

Based on segmentation, based on route of administration, the parenteral route will continue to gain momentum over the forecast period.

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Peptide Therapeutics Market Key Segments:

By Application:

Cancer
Cardiovascular Diseases
Central Nervous Systems
Metabolic Disorders
Infections
Hematological Disorders
Gastrointestinal Disorders
Dermatology
Respiratory Disorders
Acromegaly
Other Applications

By Route of Administration:

Parenteral Route of Administration
Mucosal Route of Administration
Oral Route of Administration
Transdermal of Route Administration

By Drug Type:

Branded Drugs
Generic/Biosimilar Drugs

Author

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.

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Salicylic Acid Market Analysis: Grade, Form, Applications, and Regional Forecast 2022 to 2032

The global salicylic acid market is expected to be valued at US$ 417.8 million in 2022 and US$ 814.2 million by 2032, with a CAGR of 6.9% from 2022 to 2032.

Sales of salicylic acid are increasing due to rising consumer awareness about the numerous benefits provided by salicylic acid.

Furthermore, there is an increase in the use of salicylic acid derivatives as ointments, such as chlorine salicylate and methyl salicylate, which is likely to increase demand for salicylic acid.

Increased demand for packaged foods and beverages is anticipated to drive salicylic acid market growth through 2032.

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This is primarily due to increased sales of salicylic acid in the food and beverage industries, where it aids in the prevention of spoilage and fermentation of packaged food products.

The increasing number of people suffering from pimples, whiteheads, blackheads, warts, and zits is expected to increase demand for salicylic acid-based cosmetics.

In addition, the latest developments in personal care products are expected to drive the salicylic acid market size during the forecast period.

Salicylic acid is a key ingredient in the manufacture of aspirin. Aspirin is one of the most commonly prescribed pharmaceutical medications in the world due to its superior pain-relieving properties and ease of availability.

Key Takeaways from Market Study

The global salicylic acid market is expected to expand at CAGRs of 6.9% over the forecasted period.
The European salicylic acid market currently holds one-fourth market share globally. The U.K., and Germany are key countries contributing to the growth of the European market.
The market is being improved by the premiumization and re-invention of skin care products and hair care products.
Asia Pacific region is set to witness utmost growth, owing to increase production as well as consumption in countries such as China, India, and Japan.
Pharma Grade salicylic acid holds a dominant market share of the total Salicylic Acid market in 2022
North America top revenue generating region, which holds more than 28% of market share in 2022 and anticipated to grow by 6.1% in future.

“Salicylic acid based cleansing lotions, bathing bars, serum, peeling solutions, creams, toners are a few forms influencing the sales of salicylic acid during the forecast period.” – Future Market Insights Analyst.

Competitive Landscape

Key manufacturers of salicylic acid are majorly focusing on research & development to enhance the variety, quality, and innovation in their product specification.

Some of the key companies producing are JM Loveridge Limited, Alfa Aesar, Siddharth Carbochem Products Ltd, Alta Laboratories Ltd, Novacap and Sigma Aldrich etc.

Recent Developments in the Salicylic Acid Market:

In May 2019, the skincare brand The Ordinary released an innovative face mask, Salicylic Acid 2 percent Masque, for EUR 9.90. Salicylic acid is a key ingredient in the product, as are charcoal and clays, which aid in deep cleansing of the skin.
The Salicylic Acid 2 percent Solution, named after the most sought-after acne-fighting ingredient, has made a comeback this month on deciem.com and in Ordinary stores.
Sweet Chef has created pimple patches that contain decongesting salicylic acid, resurfacing carrot, and brightening ginger to treat inflamed skin while minimizing post-acne hyperpigmentation.

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

Salicylic Acid Market by Category

By Form:

Liquid
Powder

By End Use Application:

Pharmaceutical
Skin Care
Hair Care
Food Preservatives & Others
Others (Dye Industry etc.)

By Region:

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

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Frequently Asked Questions

How big is the Salicylic Acid Market?
What is the North America Salicylic Acid Market Outlook?
What is the Projected Growth Rate of Salicylic Acid Market in Europe?
What Are the Key Trends Shaping the Salicylic Acid Market?
At What Rate Will Salicylic Acid Demand Grow in East Asia?

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By 2033, Global Botanical Sugar Market Positioned for Growth: Sales Set to Rise with an 8.5% CAGR, Reaching USD 245.3 Million

The global botanical sugar market is set to be valued at US$ 108.5 million in 2023. It is poised to witness impressive growth in the foreseeable future. The market is anticipated to expand at a CAGR of 8.5% during the projection period, reaching a value of US$ 245.3 million by 2033.

Expanding well-being cognizance among customers, combined with the rising interest in regular and better sugar choices, has spurred development. Botanical sugar obtained from sources such as coconut, stevia, maple, and honey is acquiring ubiquity as they are seen as additional healthy options in contrast to refined sugar.

The developing attention to the unsafe impacts of excessive sugar utilization, including corpulence, diabetes, and other ailments, would drive the business. Shoppers are effectively looking for better options that can give pleasantness without undermining their prosperity. Plant sugar offers an answer by providing regular pleasantness, lower glycemic index values, fewer calories, and no counterfeit added substances.

The clean label trend adds to the development, as customers progressively focus on straightforwardness and regular fixings. Herbal sugar lines up with this pattern, as they are obtained from plants and are liberated from fake added substances, making them appealing to health-conscious individuals.

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The adaptability of botanical sugar in different food and refreshment applications is also driving their interest. They can be used as sugar in several items, including refreshments, heated merchandise, ice cream parlor, and dairy items, adding extraordinary flavors and improving taste profiles.

The business is additionally seeing development owing to the reception of organic sugar by food and refreshment makers trying to take care of changing customer inclinations and separate their items. By consolidating organic sugar, organizations can fulfill the need for standard and better other options, drawing in well-being customers and acquiring an upper hand on the lookout.

The global ecosystem for botanical sugar topographically extends across regions, with North America, Europe, Asia Pacific, and different districts seeing colossal development. The rising accessibility of botanical sugar through other dispersion channels, including grocery stores, online stages, and specialty stores, further drives business development.

Key Takeaways from the Botanical Sugar Market Report-

The global botanical sugar market is expected to reach a valuation of US$ 245.3 million with a CAGR of 8.5% by 2033.
The United States is projected to have the utmost valuation of US$ 23.5 million by 2023 in botanical sugar globally.
The botanical sugar business in China is expected to reach a valuation of US$ 16.0 million by 2033.
India is estimated to showcase a CAGR of 11.6% during the prediction period.
The United Kingdom is expected to showcase a CAGR of 6.3% in the botanical sugar market through 2033.

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Competitive Landscape

Terre Botanicals, the nature network, BOTANICAL COLORS, Monk Fruit Corp, Pyure Brands, Layn Natural Ingredients, Roquette Freres, Ingredion Incorporated, ADM, Tale & Lyle, Cargill Incorporated, Louis Dreyfus Company B.V., DO-IT Food Ingredients B.V., Global Organics, Ltd., B.T. Sweets and others are the leading players in the botanical sugar market.

Acquisitions and mergers are beneficial for companies in terms of improving their product quality and expanding their reach. Combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.

Launching new products can also help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their share.

For instance,

In 2021, B.T. Sweet, a food tech start-up, unveiled Cambya, a plant-based ‘botanical sugar’ substitute. The proprietary formula uses soluble fibers, monk fruit, and select botanicals. Cambya is claimed to be equal to sugar in the body and taste, providing a good source of naturally derived fibers without any lingering aftertaste.
In 2022, Sweet Victory partnered with Givaudan to develop a flavorful botanical-infused chewing gum to help reduce sugar cravings in children.

Key Companies Profiled in the Botanical Sugar Market

B.T. Sweets
Terre Botanicals
the nature network
BOTANICAL COLORS
Global Organics, Ltd.
DO-IT Food Ingredients BV
Louis Dreyfus Company B.V
Cargill Incorporated
Tale & Lyle
ADM
Ingredion Incorporated
Roquette Freres
Lakanto
Layn Natural Ingredients
Pyure Brands
Monk Fruit Corp

Botanical Sugar Market Outlook by Category

By Product Type:

Cane Sugar
Coconut Sugar
Date Sugar
Maple Sugar
Palm Sugar
Stevia Sugar
Agave Sugar
Honey
Monk Fruit
Yacon Syrup

By Application:

Food and Beverage Industry
- Confectionery
- Beverages
- Dairy Products
- Bakery
Pharmaceutical Industry
Personal Care and Cosmetics Industry
Others

By Region:

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

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Shortenings Market Expected to Hit USD 7.3 Billion by 2032 Despite Lower 4.0% CAGR

Shortenings market is flourishing on a lower CAGR of 4.0% through 2032, while it holds a revenue of USD 4.9 Bn in 2022 and is expected to cross USD 7.3 Bn by 2032.

Demand for shortenings rises with bakery products having traditionally been regarded as essential components of human nutrition. The market for confectionary and bakery items is growing in response to the growing need for convenience foods and consumer preferences for attractive, delicious, and tactile delicacies. The key factors impacting their survival in today’s market are their ease of access, low cost, and nutrition, pushing the demand for shortenings.

As a result, bakery items have become an indispensable part of many people’s lives. As a result, demand for baking ingredients like shortenings, which are used to create baked goods with a rich flavour and texture, has risen. This pushes the sales of shortenings in the global market.

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“One of the main factors driving the demand for shortenings is the rising demand for convenience foods. The consumption of bakery products has increased around the world as a result of hectic schedules and changing dietary habits. Furthermore, increased consumer nutritional awareness and the availability of organic components have aided market expansion.” said a lead analyst at FMI.

Global Shortenings Market: Dynamics

The shortening market is likely to be driven by the rising processed food industry. Affordability, ease of availability, convenience, and health advantages are all factors driving the bakery food sector and, as a result, the target market. This pushes the sales of shortenings in the global markets.

Furthermore, rising demand for bakery & confectionery items is expected to generate a favorable environment for the target market’s growth due to functional benefits such as improved elasticity and longer shelf life. Alternatives such as butter, as well as tight government restrictions and regulations on the use of unsaturated fatty acids in food, may stifle the target market’s expansion, expanding the shortening market size.

Shortenings market analysis explains that the food processing sector is focusing on reducing trans-fat and improving product texture, according to a recent trend identified in the target market. One of the primary aspects driving demand for the target product is the shortening fat’s low-trans-fat feature, creating more opportunities and increasing the sales of shortenings. Furthermore, demand for shortenings rises with excessive consumption of high-calorie foods that is linked to health problems such as cardiovascular disease, so people are altering their preferences to low-calorie foods.

Get Valuable Insights into Shortenings market

Future Market Insights, in its new offering, provides an unbiased analysis of the Shortenings market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Shortenings market based on nature (organic shortenings and conventional shortenings), by source (palm, soybeans, sunflower seed, maize, groundnut, coconut, and others (castor, linseed, etc)), by form (powder and block), by end-use (food and beverages, cosmetics and personal care, pharmaceutical, household/ retail, and others), by distribution channel (business to business and business to consumers), and across seven major regions.

Competitive Analysis

Some of the leading companies offering Shortenings are Cargill Incorporated, Mallet & Company, Inc., Lonza Group AG, Bunge Limited, Archer Daniels Midland Company, Palsgaard, RIKEN VITAMIN Co., Ltd., Natu’oil Services Inc., Western Pacific Oils Inc., Agarwal Industries Pvt. Ltd., AAK Kamani Pvt Ltd., Roberts Manufacturing Co. Limited, Stratas Foods, Carotino SDN BHD, PT. ICC Indonesia, THE J.M. Smucker Company, Edible Oils Ltd., and Others.

Stratas foods has launched new type of shortenings and oils that enhances the baking applications, coming with packaging and bottle size for shelf and consumer applications, increasing the demand for shortenings.
Bunge has introduced its new batch of shortenings including La Nuestra that can be used as multi-purpose shortening. It can be used in different types of traditional and industrial bakery, flourishing the sales of shortenings.

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Shortenings Market by Category

By Nature:

Organic
Conventional

By Source:

Palm Oil
Soybeans Oil
Sunflower Seed Oil
Maize
Groundnut Oil
Coconut Oil
Lard
Butter
Others (Castor Oil, Linseed Oil, etc

By Form:

Powder
Block

By End Use:

HoReCa
Bakery
Confectionary
Processed Food
Household Retail

By Sales Channel:

Business to Business
Business to Consumers

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Reduced Lactose Whey Market Set for Robust Expansion, Projected to Surpass USD 22.82 Billion by 2032

Global Reduced lactose whey demand is anticipated to be valued at US$ 11.07 Billion in 2022, forecast to grow at a CAGR of 7.5% to be valued at US$ 22.82 Billion from 2022 to 2032.

Reduced lactose whey is the whey powder that contains less lactose concentration, i.e., less than 60%. The reduced lactose whey is manufactured by filtering the lactose from the sweet whey liquid. The lactose is removed by either precipitation, filtration or dialysis.

The filtered liquid is then spray-dried to produce a powder known as reduced lactose whey. It is mostly a substitute for whey when low lactose and higher protein content is required.

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There are two types of reduced lactose whey available in the market, organic and conventional. The reduced lactose whey has varied applications in the food and beverages industry. It is used as an economic source of dairy solids.

The use of reduced lactose whey is observed in dairy, food processing, meat processing, infant food and in a number of other F&B industries. It is also used in nutraceuticals as a protein source.

Reduced Lactose Whey different from Whey Protein Concentrate (WPC)

The WPC that is available in the market is different from the reduced lactose whey. Both are processed but in WPC the minerals are removed too along with lactose. The reduced lactose whey has high mineral and protein content.

Thus, the reduced lactose whey is also called mineral concentrated whey. The price of WPC is higher than the reduced lactose whey.

The WPC is mostly used due to their high functionality as a protein supplement. But due to their higher prices, the WPC being used as a source for dairy solids in the food and beverage industry is very less.

The reduced lactose whey having low lactose and high protein content can be used as a substitute in various types of food processing.

Reduced Lactose Whey: Key Participants

Some of the leading players in the global reduced lactose whey market include Wapsie Valley Creamery, Inc., Hilmar Cheese Company, Inc., MCT Dairies Inc., G&R Foods Inc., HoogwegtGroep B.V., Grande Cheese Company, Agropur Inc., Graham Chemical Corporation, Fonterra Inc., Interfood Inc., Leprino Foods Company, Dana Foods Inc., and AMCO Proteins.

Reduced Lactose Whey Market: Activities by the Participants

In 2014, Hilmar Cheese Company expanded its Dalhart, Texas, facility to accommodate additional capabilities for milk, cheese and whey processing. For whey processing, they have installed advanced equipment to offer nine varieties of whey from the previous four available ones.

Reduced Lactose Whey Market: Opportunities

The manufacturing of the reduced lactose whey is in its introductory phase and very selective number of companies are manufacturing it. The use of the reduced lactose whey in the food industry is rising due to the product being economically feasible and also the lactose content is very low making it suitable for use in any type of food product and not just dairy products.

Also, the processing of the reduced lactose whey does not require extra costs and the removal of lactose is through a physical separation technique. Thus, the cheese producing companies can produce the reduced lactose whey powder with very less production costs, which has a high demand in the end-use industries.

Key Data Points Covered in the Reduced Lactose Whey Report

An overview of the global reduced lactose whey market, including background and advancement.
Macroeconomic factors affecting the reduced lactose whey market and its potential.
Market dynamics, such as drivers, challenges, and trends.
Detailed value chain analysis of the reduced lactose whey market.
The cost structure of and segments covered in the study.
In-depth pricing analysis, by crucial reduced lactose whey segments, regions, and by major market participants.
Analysis of supply and demand the reduced lactose whey, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
Analysis of the market structure, including a tier-wise categorization of key market participants of reduced lactose whey market.
Competitive landscape of the market, including detailed profiles of the top players in the reduced lactose whey market.

Regional analysis of the reduced lactose whey market includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
Eastern Europe (Poland, Russia, Ukraine, Rest of Eastern Europe)
Japan
Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the reduced lactose whey market.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors of the reduced lactose whey market, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies of reduced lactose whey.

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Reduced Lactose Whey Market: Segmentation

The global reduced lactose whey market is segmented on the basis of nature, extraction process, end use and distribution channel.

On the basis of nature, the global reduced lactose whey market is segmented as-

Organic
Conventional

On the basis of extraction, the global reduced lactose whey market is segmented as-

Precipitation
Filtration
Dialysis

On the basis of end use, the global reduced lactose whey market is segmented as-

Food and Beverages
Food Service (HoReCa)
Dairy products
Food Processing
Bakery Products
Soups and Sauces
Frozen Foods
Meat processing
Infant food
Beverage processing
Others
Nutraceuticals
Household/Retail

On the basis of distribution channel, the global reduced lactose whey market is segmented as-

Direct/ B2B
Indirect/ B2C
Supermarkets/Hypermarkets
Specialty Stores
e-Retail

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

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