Market Research Blog – Page 2030 – New Product Development

Surgical Mask Market Set to Surge at 10.7% CAGR, Reaching US$5.7 Billion by 2033 | FMI Study

The Surgical Mask Market is poised for a significant expansion, fueled by a growing focus on hygiene and personal protective equipment (PPE). According to a recent market analysis, the market is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 10.7% from 2023 to 2033. This translates to substantial market growth, with the value expected to climb from US$2.06 billion in 2023 to a staggering US$5.7 billion by 2033.

Future Market Insights (FMI), a preeminent authority in Market Research and Competitive Intelligence, has conducted an exhaustive analysis illuminating the driving forces behind the surge in the Global Surgical Mask Industry. Spanning from 2023 to 2033, FMI’s comprehensive study offers profound insights into the industry’s evolution, enabling stakeholders to navigate the dynamic landscape with precision and foresight.

According to FMI’s research, the Global Surgical Mask Industry is poised to experience robust growth, with a focus on the years 2020 to 2030. The report delves into various facets of the market, including demand dynamics, product developments, revenue generation, and sales trends within the Surgical Mask sector.

The study, conducted by ESOMAR-certified consulting firm FMI, provides a meticulous analysis of market dynamics, encompassing drivers, restraints, opportunities, and challenges. It highlights their consequential impact on the Surgical Mask market, offering a comprehensive understanding of the industry landscape.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Surgical Mask Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization. They encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to its convenience. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Global Surgical Mask Industry.

Key Surgical Mask Market Takeaways and Projections

The U.S. is estimated to continue dominating the North American market, projecting the fastest growth in the region through 2031.
Germany’s Surgical Mask market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
India is forecast to emerge as a highly remunerative market in South Asia, contributing to the largest sales in the region over the coming 10 years.

Report Benefits & Key Questions Answered

Surgical Mask Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Surgical Mask market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2023-2033.
Surgical Mask Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Surgical Mask market. As per the survey, Surgical Mask sales will project steady growth over the forecast period.
XZY Market Structure Analysis: The report provides detailed market information the concentration of key players and tier analysis in the Surgical Mask market. It also categorizes market players as Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
Surgical Mask Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players in capitalizing on the,
Global Surgical Mask Industry Trend Analysis: FMI’s market trend analysis provides compelling insights into current and upcoming trends in the healthcare industry. It also assists the industry players in identifying potential trends to formulate a strategy to take advantage of these existing trends.

Future Market Insight’s (FMI’s) latest study published on the Global Surgical Mask Industry provide insights into key factors uplifting the sales over the next ten years. It provides unbiased analysis on key trends, drivers, and opportunities across key segments, the report also provides strategic analysis on the incumbents, existing players, and leading players operating in the Global Surgical Mask Industry. Says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the Global Surgical Mask Industry to assist management-level decision-makers in constructing a strategy to capitalize on critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the Global Surgical Mask Industry.

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Some of the prominent market players are profiled by FMI

3M, Honeywell International Inc., Medline Industries, Inc., Halyard Health (Owens & Minor, Inc.), Kimberly-Clark Worldwide, Inc., Medline Industries, Inc., Moldex-Metric Inc., Kowa Company Ltd., Premium HealthCare Disposables Private Limited, Kidwell Medical BioClean (ANSELL LTD.), Dynarex Corp., and Valmy among others.

Surgical Mask Market Key Segments

Product

Basic Surgical Masks
Anti-Fog Foam Surgical Masks
Fluid/Splash Resistant Surgical Masks
Others

End-user

Hospitals
Ambulatory Surgical Centers / Specialty Clinics
Individual
Others

Region

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

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.

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Website: https://www.futuremarketinsights.com
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Prescription Delivery Services Market Set to Boom at 5.7% CAGR, Reaching US$287.9 Million by 2034 | FMI Analysis

The Prescription Delivery Services Market is on the cusp of a significant expansion, fueled by a growing consumer preference for convenient and hassle-free medication management. According to a recent market analysis, the market currently holds a valuation of US$165.4 million in 2024. However, looking ahead, the market is projected to experience a steady Compound Annual Growth Rate (CAGR) of 5.7% over the next decade. This translates to a projected market valuation of US$287.9 million by 2034, signifying a clear shift towards prescription delivery services as a preferred method for obtaining medication.

An efficient healthcare infrastructure hinges on the timely supply of medications. The surge in chronic and infectious diseases has driven the increased production of prescription pharmaceuticals, compelling manufacturers to establish streamlined distribution systems. This trend underscores the industry’s dedication to meeting the evolving healthcare needs of global populations.

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The landscape of prescription delivery services has been significantly changed by improvements in customer touch points and supply chains, including e-commerce, convenience stores, and retail outlets. Smooth client experiences are being ushered in by innovations like drone-based deliveries and tracker-based medicines.

Prescription Delivery Services Market – Key Takeaways:

The prescription delivery service market is poised for consistent growth, driven by increasing convenience and accessibility for patients.
A CAGR of 5.7% is projected over the next decade, indicating a significant expansion of the market.
By 2034, the market is expected to more than double in size, reaching a valuation of US$287.9 million.

“Adoption of self-checkout kiosks and medicine dispensing machines shall enhance the medicine purchasing experience of customers, permitting vendors to experience greater customer loyalty,” Says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Growth is especially anticipated to be robust across the U.S., China, and India, countries with the highest rates of infections. Collectively accounting for 40% of the global infection rate, these countries have witnessed an unprecedented increase in hoarding prescription medicines by individual households. This shall continue until the latter half of 2021.

Market Witnessing Entry of e-Commerce Players

The Prescription Delivery Service Market is witnessing the entry of e-commerce, pharmacy, and retail chains, albeit at a local or regional level. Technological developments, new product launches, and collaborations characterize some critical expansion strategies of market players.

Some of the key players in the Prescription Delivery Service Market are Walgreens Co., Walmart Stores Inc., CVS Health, Giant Eagle Inc., Express Scripts Holding Company, Ali Health, and Kroger Co. to name a few.

Besides these established players, several startup companies are also emerging as potential game changers in the industry. These include NetMeds, Kfyao, Capsule, Myra Medicines, NURX, MedAvail, Zipdrug, Insightful, and ScriptDrop to name a few.

Walgreens, a prominent retail pharmaceutical distributor, has a robust presence in the Global Prescription Delivery Services Industry. The company offers refills, auto refills, drug information, and home delivery services.

In 2017, the company acquired Rite Aid for a sum of US$ 5.2 billion, resulting in the merger of two of the United States’ three largest pharmacy chains.

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Key Segments Covered In Prescription Delivery Services Market Research

By Disease Indication:

Prescription Drugs
- Diabetes
- Hypertension
- Cholesterols disorders
Wellness Supplement
Diagnostics Kits
OTC Drugs

By Distribution Channel:

Pharmacy Stores
- Retail Pharmacy
- Drug Stores
Healthcare Institutions
Clinics
Research institutes

By Region:

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

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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Fluoropolymers In Healthcare Market Poised for 5.3% CAGR, Reaching US$792.9 Million by 2033 | FMI Study

The Fluoropolymers In Healthcare Market is on track for a promising expansion, fueled by ongoing advancements within the pharmaceutical and medical device sectors. A recent analysis by Future Market Insights (FMI), a leading market research firm, reveals a current market valuation of US$472.4 million in 2023. Looking ahead, the market is anticipated to experience a steady Compound Annual Growth Rate (CAGR) of 5.3% over the next ten years. This positive growth trajectory translates to a projected market valuation of a remarkable US$792.9 million by 2033.

In response to this industry evolution, manufacturers and distributors of fluoropolymers must strategically assess existing systems and formulate innovative approaches to elevate these systems for enhanced profit margins. The advent of groundbreaking products, including gene therapy, biologics, and therapies with diverse value and volume profiles, demands a reevaluation of operational strategies to meet the evolving demands of the healthcare landscape.

Fluoropolymers In Healthcare Market Size Study

Polytetrafluoroethylene (PTFE) to remain the preferred fluoropolymer in healthcare
Adoption of hospital disposables will remain prominent through 2033
Medical devices including, introducers, and catheters, will see greater adoption in the coming years
East Asia continues to offer opportunities for growth and development over the following decade, given surging per-capita healthcare expenditure
Market players to focus on expanding their portfolio to reach a larger consumer base

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While the industry has been jolted due to pandemic-induced restrictions, growth will resume with the gradual easing of these restrictions. Collaboration with worldwide government and non-government agencies is stepping up to handle pandemic preparedness and react via knowledge sharing and pooled resources.

Fluoropolymers In Healthcare Market – Competitive Intelligence

The global fluoropolymers in the healthcare market are fairly consolidated, given a limited number of players competing with each other. Globally, market players are investing in capacity expansions to diversify their product portfolio and maintain their market competitiveness. For instance,

Dongyue Group is expanding the production capacity of concentrated emulsion PTFE and dispersion resin at its Zibo unit in China to satiate the rising demand for PTFE from North America, Europe, Southeast Asia, and South America.
Gujarat Fluorochemicals Limited (GFL) has scaled up its fluorochemicals capacity from to 46,800 tons per annum (TPA) at its Gujarat facility in a bid to keep pace with increasing demand for fluoropolymers across Asia Pacific (APAC).

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Future Market Insights, in its new study, provides compelling insights about the fluoropolymers in the healthcare market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2023 – 2033. The report offers an unbiased assessment of fluoropolymers in the healthcare market through three different categories – product type, application, and region. The global fluoropolymers in healthcare market research study delivers insights into pricing by different life cycle analyses, product life cycles, major market trends, and technologies that are being utilized in the development of fluoropolymers in healthcare and product adoption in various end-user industries.

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Fluoropolymers In Healthcare Market Key Segments

Product Type:

PTFE
PVDF
PVF
FEB
PCTFE
PFA
Others

Application:

Medical Devices
Hospital Disposable
Pharma Packaging

Regional Outlook:

North America (US, and Canada)
Latin America (Brazil, and Mexico)
Europe (Germany, UK, Russia, France, and Italy)
South Asia & Pacific (India, Indonesia, Thailand, Australia and New Zealand)
East Asia (China, Japan, and South Korea)
Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)

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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Middle East Food Premix Market Projected to Expand at 10.1% CAGR through 2033, Driven by Increasing Global Vitamin Deficiency Concerns | FMI

As per a recent research report published by Future Market Insights, a market research and competitive intelligence provider, sales of food premixes in the Middle East are estimated to reach a value of US$ 512 million by 2033. The market is anticipated to record a CAGR of 10.1% over the forecast period.

Premixes are becoming immensely popular because they are becoming highly aware of their health and have more income. Hence, they want to supplement their diets with nutritious meals that are simple to eat and available in both liquid and powder form.

Rising incidence of vitamin deficiency cases and increasing demand for food products fortified with vitamins would push the Middle East food premix market in the next ten years. High consumption of vitamin supplements and surging preference for functional ingredient blends are a couple of other key drivers of the market.

Consumers are seeking products that would help them in enhancing focus & vision and cognitive functions. Customized premixes are hence an absolute choice for the sports nutrition industry. It has been scientifically proven to reduce fatigue and lead to improved concentration, health, and vision.

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Key Takeaways from Middle East Food Premix Market Study:

The Middle East food premix market is likely to record a CAGR of 1% from 2023 to 2033.
Based on form, the powder segment is likely to generate more than 70% of share in the Middle East food premix market in the next ten years.
By application, the dietary supplements are set to cover around 18% of share in the Middle East food premix market by 2033.
In terms of function, the immunity segment is estimated to hold the lion’s share in the Middle East food premix market by 2033.
The Middle East food premix market witnessed a CAGR of 7% in the historical period from 2018 to 2022.

“Bespoke blend manufacturers continuously strive to offer cutting-edge products that meet dietary needs. Since the epidemic, consumers have also been much more devoted to eating healthily, which would support industry growth,” says a lead analyst at Future Market Insights.

Competitive Landscape: Middle East Food Premix Market

A few key players in the market are Hexagon Nutrition, Jubilant Life Sciences, Glanbia, SternVitamin, B&H Biotechnology, Prinova Group, Koninklijke DSM, Lycored, Farbest Brands, Archer Daniels Midland, Barentz, Fenchem, and Watson Inc. among others.

The Middle East food premix market is highly fragmented and competitive as a result of the presence of various international competitors. Key companies are utilizing a range of marketing strategies, such as alliances, expansions, mergers and acquisitions, and collaborations, to boost their positions.

Get More Valuable Insights into Middle East Food Premix Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Middle East food premix market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study incorporates compelling insights on the Middle East food premix market based on form (powder, liquid), ingredient type (vitamin, minerals, amino acid, nucleotides, botanicals), application (dietary supplement, food & beverages, pharma over-the-counter drugs, early life nutrition), function (bone health, immunity, digestion, vision health, energy, weight management, heart health, brain health & memory), and region.

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Middle East Food Premix Market Outlook by Category

By Form:

Powder
Liquid

By Ingredient Type:

Vitamin
Minerals
Amino Acid
Nucleotides
Botanicals

By Application:

Dietary Supplement
Food & Beverages
Pharma Over-the-counter Drugs
Early Life Nutrition (Baby Foods)

By Function:

Bone Health
Immunity
Digestion
Vision Health
Energy
Weight Management
Heart Health
Brain Health & Memory

By Country:

Saudi Arabia
Qatar
United Arab Emirates
Bahrain
Kuwait
Oman
Israel
Rest of the Middle East

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:

Nandini Singh Sawlani
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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Patient Identification Wristbands Market to Reach US$1 Billion by 2033, Driven by Patient Safety and Efficiency

The Patient Identification Wristbands Market is poised for significant expansion, fueled by the growing emphasis on patient safety and streamlining healthcare processes. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 7.7% over the next decade (2023-2033). This translates to a remarkable market surge, with the valuation expected to climb from US$496.7 million in 2023 to a staggering US$1,038.4 million by 2033.

The past decade has witnessed remarkable expansion across various facets of the global healthcare sector, marked by groundbreaking advancements in medication discovery, extensive research and development initiatives, new and improved medical equipment, and seamless technological integration. Amidst this transformative landscape, patient safety emerges as a paramount concern.

One significant contributor to the enhancement of patient safety procedures is the patient identification wristband. For over a decade, these wristbands have been crucial in improving safety protocols across healthcare facilities globally. The patient identification process involves meticulous cross-checking of patient records with the details and information provided on the ID wristbands.

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This is a vital stage since it involves the patient interacting with the proper medical team. Using a barcode wristband simplifies keeping an error-free record. The healthcare business has made significant efforts to adopt technology, including the most recent tools, gadgets, and security measures. Patient identification bracelet makers will find more profitable business prospects as the healthcare sector’s technical infrastructure grows more efficient and advanced.

Local governments around the world are increasing their efforts in the development of low-cost raw materials for the manufacture of patient identification bracelets. This feature alone is likely to provide a major boost to the market.

Key Takeaways from the Patient Identification Wristbands Market Study

Because of technology advancements, employees no longer necessary to manually print labels, peel them from the sheet, and stick them to bands. As a result, it streamlines the entire process, one of the key causes driving the 8.2% growth trajectory of thermal Patient Identification Wristbands.
Hospitals are expected to grow 7.8% from 2023 to 2033. As the incidence of chronic illnesses and infections rises, hospitals are projected to witness a large increase in patient load. They will certainly invest in patient-identifying wristbands to improve patient care, tracking, and management.
By 2033, the United States will top the global market and generate US$ 357 million in sales. Rapid growth in the region will be fueled by the widespread adoption of advanced technology. The market is rising as the emphasis on healthcare research and development increases significantly.
Germany has grown by US$ 2.7 million during the last decade, with a CAGR of 9.3%. As a result of improved customer awareness, the industry is growing. In addition, government initiatives, an older population, and industry leaders all help to drive market growth.
China will emerge as the strongest region growing at a CAGR of 8.8%. Rapid socioeconomic advancement has had a significant impact on Chinese culture. The risk of chronic disorders in the country has increased as a result of lifestyle changes, urbanization, and an aging population.

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Some of the leading companies operating in the Patient Identification wristband market are

McKesson Medical-Surgical Inc.
Thermo Fisher Scientific Inc.
Brady Worldwide, Inc. (PDC)
Zebra Technologies Corporation
Typenex Medical, LLC.
IdentiSys Inc.
Comfort Band, LLC
Medical Limited
Endur ID Inc.
Medline

Product launching is the key strategy adopted by manufacturers

Companies in the Global Patient Identification Wristbands Industry strive to strengthen their positions through new product launches and approvals from established and emerging market players. The product launch and acquisition accelerate the manufacturer’s strategy for capitalizing on market share and capturing a significant market share. The following are some recent examples:

Based in Massachusetts, Covenant Health and Medline established a $75 million prime vendor alliance in March 2022. The two firms will work together in a three-hospital health system to find new ways to improve patient outcomes and streamline supply chain procedures.

McKesson Corporation, a worldwide healthcare company, will launch McKesson’s Fast Returns Solution for Health Systems in September 2021. The technology assists hospitals and health systems collect more credit for returned prescription pharmaceuticals and over-the-counter products by expediting credit processing and streamlining the returns procedure. This allows workers to devote more attention to patients.

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Patient Identification Wristbands Market By Category

By Product:

Laser Wristband
Thermal Wristband
Alert Wristband
RFID Wristband
Write-on Wristband

By Material Type:

Non-Tear Paper
Plastics
Vinyl
Trilaminate
Tyvek
Synthetic

By Closure Type:

Adhesive
Permanent Snap
Plastic Closure
Adjustable Clasp
Single-Post Snap
Hook & Loop

By Age Group:

Adult
Pediatric
Infant

By End User:

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Rehabilitation Centers
Long-Term Care Centers

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.

About Future Market Insights (FMI)

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Europe Pet Food Market Expected to Reach USD 61.2 Billion by 2033, Fueled by Increasing Trends in Pet Humanization: Future Market Insights

According to Future Market Insights’ latest report, the Europe pet food market is anticipated to reach US$ 36.4 billion by 2033. Overall pet food sales across Europe are set to increase at a moderate CAGR of 5.3% over the forecast period of 2023 and 2033. One of the key factors facilitating the pet food demand in the region is the growing trend of pet humanization.

With the growing adoption rate of pets, pet parents are becoming increasingly conscious regarding the health of their companion animals. Subsequently, the penetration of social media platforms is also aiding in the rising awareness of animal cruelty.

Millennials across Europe are inclined towards adopting shelter animals and are fighting for animal rights. Consequently, governments across the region are imposing several stringent regulations favorable to animal rights.

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As per the study, over the years, there has been a sharp increase in the adoption of dogs and cats across European countries such as the United Kingdom and Germany. For instance, as per the UK Pet Food, around 34% of households across the United Kingdom had dogs.

Similarly, about 28% of households had cats. High adoption of these pets is eventually elevating demand for pet food across Europe and the trend is expected to continue during the projection period.

Rising focus on pet health and growing knowledge of the advantages of protein intake for animals are expected to boost pet food sales across Europe during the projection period.

Pet owners are looking for food products that have higher nutritional value. They are opting for various types of pet foods to provide daily nutrition to their pets as well as improve their immune systems.

Key pet food manufacturing companies across Europe are launching new fortified pet food to meet growing demand for healthy foods. FMI predicts that Europe-based pet food manufacturers will benefit from growing consumer interest in high nutritional and healthy pet food products.

However, significant capital expenditures necessary for pet food production, penetration of counterfeit per food products, and strict regulatory frameworks are negatively influencing the market. Backed by these factors, the pet food demand across Europe is set to surpass a valuation of US$ 61.2 billion by the end of 2033.

Key Takeaways from the Market Study

Europe’s pet food market is estimated to be valued at US$ 36.4 billion in 2023.
By nature, the conventional segment holds a significant market share of 67.0% of the Europe pet food market.
By product type, kibble/dry segment holds a considerable market share of 25.0% of the Europe pet food market.
In terms of pet type, dog segment holds a share of 55.0% in the Europe pet food industry.
The United Kingdom pet food market is poised to exhibit a steady growth rate during the next ten years.
With increasing pet adoption rates, demand for pet food across Germany is expected to rise at a moderate CAGR between 2023 and 2033.

“Key players are making significant investments in research and development to introduce new products with eco-friendly packaging to strengthen their presence across Europe”, says a lead analyst at Future Market Insights.

Who is Winning?

Leading companies offering pet food include Mars Incorporated, Evanger’s Dog & Cat Food Company, Inc., Mc Adams Pet Foods Limited, Nestle Purina Pet Care, Affinity Petcare SA, Symrise, Roll Over Pet Food Ltd., The Pet Food Market, Canagan Group, Mera Pet Food Family, and Wagg Foods Ltd., Sabre Pet Food.

Get More Valuable Insights

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

The study incorporates compelling insights into the Europe Pet Food Market based on Product Type (Kibble/Dry, Dehydrated Food, Freeze Dried Food, Freeze Dried Raw, Wet Food, Frozen, Raw Food, Powder, and Treats & Chews), Nature (Organic, Mono protein and Conventional), Distribution Channel (Store-based Retailing, Online Retailers), Source (Animal derived, Plant derived, and insect-derived), Pet Type (Cat, Dog, Birds, and Others(Rabbits, Hamster, etc.)), and Packaging (Pouches, Bags, Folding Cartons, Tubs & Cups, and Can) across various European countries.

About the Food & Beverage Division at Future Market Insights

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

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Key segments

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Dehydrated Food
Freeze Dried Food
Freeze-Dried Raw
Wet Food
Frozen
Raw Food
Powder
Treats & Chews
- Dog
  - Pastes
  - Cremes
  - Crunchy Sticks
  - Chew Sticks
  - Tablets
  - Biscuits
  - Jerky
  - Rawhide
- Cat
  - Pastes
  - Cremes
  - Crunchy Snacks
  - Chew Sticks
  - Tablets
  - Biscuits
  - Cat Milk/Milk Snacks

By Nature:

Organic
Mono protein
Conventional

By Source:

Animal Derived
- Fish
  - Tuna
  - Salmon
  - Whitefish
  - Cod
  - Herring
  - Walleye
  - Flounder
  - Arctic Char
  - Whiting
- Chicken
- Duck
- Beef
- Pork
- Venison/Game
- Lamb
- Turkey
Plant-derived
Insect-derived
- Crickets
- Mealworms
- Black Soldier Files

By Pet Type:

Cat
- Kitten
- Senior
Dog
- Puppy
- Adult
- Senior
Birds
Others (Rabbits, Hamsters, etc.)

By Packaging:

Pouches
Bags
Folding Cartons
Tubs & Cups
Can

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

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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Personalized Nutrition Drives Protein Supplement Market: FMI Projects Valuation to Exceed $62.99 Billion by 2033

The protein supplement market size is projected to surpass US$ 27,780 million in 2023 and is likely to attain a valuation of US$ 62,990 million by 2033. The protein supplement market share is expected to rise at a CAGR of 8.5% from 2023 to 2033.

The concept of customized nutrition is gaining ground as customers seek customized nutritional solutions that correspond with their unique health goals and lifestyle choices. This movement is being pushed by a growing recognition that each individual’s dietary needs vary depending on characteristics such as age, gender, and activity level.

Companies are creating personalized nutrition plans and custom product formulations by utilizing data analytics, artificial intelligence, and consumer insights. These strategies meet customers’ individual dietary needs and help them connect with brands and products more deeply.

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Consumers are becoming increasingly picky about the items they eat, increasing the need for clean-label products and ingredient transparency. This movement reflects a more remarkable shift towards conscientious consumption and a preference for goods with recognized natural components and few chemicals. In response, businesses are reformulating their interests with shorter ingredient lists and emphasizing clean labeling procedures and rigorous quality control standards.

Companies may differentiate themselves in a market increasingly defined by heightened scrutiny and discriminating customer preferences by building a culture of openness and trust.

“The ability to adjust to shifting customer demands and a steadfast dedication to developing goods that appeal to a society that is ecologically and health-conscious are prerequisites for success in this industry,” says an FMI analyst.

Key Takeaways from the Protein Supplement Market Report:

In 2018, the global market size stood at US$ 23,683.6 million.
The market size expanded at a 2.0% CAGR from 2018 to 2022.
In 2022, the global market size stood at US$ 25,715 million.
The protein powder segment captured 56.0% of market shares in 2023.
The sports nutrition segment occupied 64.1% of market shares in 2023.
The market size in the United States is likely to rise at a 4.3% CAGR through 2033.
The market size in Germany is expected to surge at a 3.8% CAGR through 2033.
The market size in Japan is expected to flourish at an 8.8% CAGR through 2033.

Competitive Landscape

The protein supplement industry is a vivid, constantly evolving ecosystem that presents businesses and investors with various opportunities. In this changing environment, industry experts embracing innovation, doing thorough research and development, and providing sustainable and customized packaging solutions are likely to prosper.

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Recent Developments Observed by FMI:

The parent company of Max Protein, Naturell India Pvt. Ltd., announced the launch of two new products in September 2023, Max Protein Whey Protein and Max Protein Plant Protein, to change the face of fitness and nutrition in India completely.
Gold Standard Protein Shake debuted in August 2022, according to Optimum Nutrition (ON), a global leader in sports nutrition. The grab-and-go ready-to-drink alternative demonstrates that convenience need not mean compromising quality by using Gold Standard, the top-selling whey protein powder brand in the world.

Key Players in the Global Protein Supplements Market

NOW Foods
Transparent Labs
WOODBOLT DISTRIBUTION LLC
Dymatize Enterprises LLC
com
RSP Nutrition
CytoSport Inc.
Iovate Health Sciences International Inc.
Quest Nutrition
THE BOUNTIFUL COMPANY
AMCO Proteins

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Protein Supplements Market Segmentation

By Source:

Plant-Based
- Soy
- Spirulina
- Pumpkin Seed
- Hemp
- Rice
- Pea
- Others
Animal-Based
- Whey
- Casein
- Egg
- Fish
- Others

By Application:

Sports
Functional Food

By Distribution Channel:

Supermarkets & hypermarkets
Online Stores
Direct to Consumers
Others

By Form:

Ready to Drink
Protein Powder
Protein Bar
Others

By Gender:

Male
Female

By Age Group:

Millennials
Generation Z
Baby Boomers

By Region:

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

Authored by:

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.

Explore FMI’s related ongoing Coverage in Food and Beverage Domain:

The multi nutritional supplement market was worth US$ 310 Billion in 2020 and is expected to advance at a 5.9% CAGR from 2022 to 2032.

The herbal supplement industry is progressing to attain a revenue potential of US$ 194,859.4 million by 2034.

The global dietary supplement market size is expected to attain a valuation of around US$ 170.1 billion by 2034.

Newly-released Elderberry Supplements Market analysis report by Future Market Insights reveals that global sales in 2022 was held at US$ 1.1 Billion. With 8.9% projected growth from 2023 to 2033

The Vegan Vitamins and Supplements market is anticipated to expand at a CAGR of 6.10% during the forecasted period.

The Glucosamine Supplements Market is expected to expand at a CAGR of 4.8%. The industry’s estimated value will increase from US$ 583.6 Million in 2023 to US$ 932.7 Million in 2033.

Green Supplements Market to Reach $818 Million by 2032: Driven by Demand for Plant-Based Products and Health Awareness

The green supplements market size is Most expected to reach US$ 563.3 million in 2022 and grow at a 3.8% annual rate of growth for the remainder of the forecast period, finishing at US$ 818.0 million by 2032.

The growing demand for plant-based goods and public awareness of the health advantages of green supplements are the two main drivers of the global market’s growth.

Plant-based products are safer and healthier than animal products. They are consequently become more and more well-known, especially in developed regions. Thus, as veganism gained popularity during the projected timeframe, the market for green supplements would progressively expand.

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Green Supplements are linked to a number of health benefits. They are rich in vitamins, minerals, and antioxidants. Various studies have revealed that consumption of green supplements can improve sleep, boost energy, and lower levels of inflammation in their bodies.

Another factor driving the increased sales of green supplements is the popularity of alternative medicine. More and more people are turning to natural remedies for their health needs, and green supplements are a great way to get all the nutrients.

To keep up with the green supplements market trends, leading manufacturers are developing novel ways to incorporate this product into various processed foods.

Key Takeaways:

Based on form, the powder segment is expected to grow at 3.1% CAGR during the forecast period (2022–2032).
India currently has a Green Supplement market share of around 5.0 % in the South Asian market.
The green supplements market in the U.K, is expected to grow at a moderate CAGR of 3.9% over the next ten years.
North America is likely to hold around 34% share of the global green supplement market during the forecast period.
The U.S. green supplement market is expected to reach a valuation of US$ 345 Bn in 2022.

The green supplement market in the U.K. is currently valued at US$ 434.0 Mn and it is poised to grow at a steady pace during the forecast period

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“Green supplements are versatile products that have a wide array of applications from functional foods and energy drinks to pharmaceuticals and dietary supplements. With rising health awareness and lactose intolerance, consumers are shifting towards green supplements owing to their organic, natural, plant-based characteristics which will assist the growth of the market over the next ten years,” says a lead analyst at Future Market Insights.

Competitive landscape:

Top 5 manufacturers of green supplements are GNC Holdings, Inc., Vitamin Shoppe, Inc., The Nature’s Bounty Co., . NBTY, Inc., Amway Corporation, collectively holding 20% to 30% of the overall market share.

These companies are adopting strategies such as new product launches and approvals, mergers, partnerships, acquisitions, and partnerships to increase their sales.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of Green Supplements presenting historical demand data (2017–2021) and forecast statistics for the period from 2022–2032.

The study provides valuable insight on the green supplements market based by form (powder, capsule, and liquid), packaging type (bottle, can, jar, sachet), application (pharmaceuticals, food & beverages, rtd teas, functional foods, dietary supplements, energy drinks, others, cosmetics)

Authored by:

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

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

Explore FMI’s related ongoing Coverage in Food and Beverage Domain:

The fertility supplements market is expected to witness a prominent growth rate of a CAGR of 8.3% to reach the value of US$ 4,382 Mn in 2031.

The digestive enzyme supplements market size is projected to be valued at US$ 1.9 Billion in 2023 and is expected to rise to US$ 3.5 Billion by 2033.

The herbal supplement industry is progressing to attain a revenue potential of US$ 194,859.4 million by 2034.

The global Botanical Supplements Market is predicted to surpass a valuation of US$ 71,963 million in 2023. It is expected to reach a valuation of US$ 95,703.2 million by 2033.

The global collagen supplement industry share is forecast to reach a value of nearly US$ 3,089.7 million by 2034.

The global calcium supplements market is forecasted to be valued at US$ 8.01 billion by 2032, up from US$ 3.8 billion in 2022, advancing at a CAGR of 7.74% from 2022 to 2032.

Gluten-Free Demand Drives Cider Market to Anticipated USD 27.3 Billion by 2033 | Future Market Insights, Inc.

The cider market is anticipated to reach a valuation of US$ 17.9 billion by 2023 and a projected valuation of US$ 27.3 billion by 2033, as demand for cider surges with a steady 5.1% CAGR.

Increased per capita income and drinking as a status symbol have contributed to a rise in the demand for premium spirits, which is one of the leading growth drivers in the worldwide cider industry. Consumers are increasingly attracted to heritage, quality, and innovation in alcoholic drinks. On the other hand, market growth for cider is expanding as demand for low-alcohol drinks rises.

The World Health Organization has dubbed cardiovascular disorders ‘silent killers’ since they account for the majority of deaths in adults under the age of 70. In addition, alcohol use has historically increased the chance of getting certain disorders. As a consequence, ‘alcohol-free cider’ and ‘low alcohol cider’ product offerings on the cider market have gained appeal.

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Individuals are increasingly drinking cider-based drinks owing to their anti-platelet and anti-inflammatory properties. Apple cider is a functional beverage containing bioactive polyphenols, as may be readily proved by studies. Moreover, PAF, an inflammatory and thrombotic lipid mediator, is greatly suppressed by the potent antiplatelet properties of bioactive polyphenols.

It was shown that the PL from all sources of cider products was rich in PUFA, especially n-3 PUFA and MUFA, which explains why they had such potent anti-inflammatory and anti-platelet properties. In addition, the presence of polyphenols has led to the formation of a structural analog that affords multiple cell receptors with strong antagonistic properties.

Cider’s sugar content offers a key worldwide cider business difficulty. Firstly, compared to wine, cider has a lower glycemic index, since the bulk of apples contains less sugar than grapes. Regardless, the fermented result contains a great deal of sugar.

A recent study indicates that a 470 ml can of natural cider has 20.5 grams of sugar, the recommended daily maximum for adults. Depending on whether cider is drunk with lager or ale, the sugar content may rise by a factor of 5 or 10. Given that diabetes is one of the most prevalent cardiovascular illnesses, and that people’s dietary tastes have changed in reaction to these data, the cider industry confronts a formidable obstacle.

Key Takeaways

The global cider market is expected to record a CAGR of 5.1% over the analysis period 2023 to 2023.
The Asia Pacific region, led by countries like Australia, India, and South Korea, is forecast to reach a market size of US$3.2 billion by 2027.
The competition in the cider market is intense, with many established players and new entrants vying for market share.
Health concerns and seasonal demand are some of the factors that act as restraints on the growth of the cider market.
Strict regulations and high production costs are also challenges faced by the cider industry.

Competitive Landscape

The cider market is highly competitive, with established players and new entrants vying for market share. Established players in the market include brands like Heineken, Anheuser-Busch InBev, and Carlsberg Group, who have a strong presence in the market through their wide range of offerings and distribution networks.

New entrants, such as craft cider makers and microbreweries, are entering the market and disrupting the traditional players. They are offering unique flavors and blends, using locally sourced ingredients, and targeting a specific niche of consumers. These new entrants are also capitalizing on the growing trend of artisanal and natural products.

In terms of the startup ecosystem, the cider market offers a range of opportunities for new entrepreneurs and startups. With the growth of the market and the increasing demand for unique and locally sourced products, there is a growing opportunity for startups to create their niche in the market and establish themselves as leading players.

However, the startup ecosystem in the cider market is also facing challenges, including high production costs, intense competition, and strict regulations. Nevertheless, the growing demand for unique and locally sourced products is providing new startups with the opportunity to succeed and grow in the market.

Recent Developments

In April 2022, Aston Manor stopped giving out ring boxes made of plastic and started giving out cider bottles instead, which can be recycled.
In May 2022, Molson Coors finished a US$ 13 million modernization project at the Aspall Cyder factory in Suffolk.
In March 2022, Heineken grew its line of alcohol-free beer and Old Mout cider.

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Key segments

Product:

Flavored
Unflavored

Packaging:

Glass Bottles
Plastic Bottles
Aluminum Cans

Distribution:

Hypermarkets/ Supermarkets
Specialty Stores
Online Retail

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Carrageenan Market Projected to Hit USD 1.5 Billion by 2033, Predicts Future Market Insights, Inc.

The worldwide sales of carrageenan were estimated to be around US$ 935.9 million in 2022, in terms of value. As per the global carrageenan market survey report, it is expected to rise at a rate of 4.8% during the forecast period. By registering such a fair CAGR, the overall valuation of the market is projected to reach US$ 1,567.4 million by 2033, growing from US$ 980.8 million in 2023.

The growing popularity of processed and packaged foods is considered to be the main factor driving the carrageenan market worldwide. Carrageenan is a crucial component of many foods and drinks that people consume every day, rendering the carrageenan business a lucrative opportunity for many coastal countries.

Carrageenan, on the other hand, is gaining more recognition in the healthcare, beauty, and personal care sectors these days. There is a growing emphasis by governments around the world to develop their pharmaceutical sector, where carrageenan may be utilized in bulk. Given such potential, the overall supply of carrageenan, as a thickening or film-forming agent, is projected to witness rapid growth in the coming days.

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Key Takeaways

The United States is figured out to have control over nearly 27% of the carrageenan produced worldwide.
China is the leading market in the Asia Pacific, as well as the significantly growing market for carrageenan production. Over the forecast years, its regional carrageenan market is poised to register a CAGR of 7.4%.
Due to the rising trend of plant-derived additives for vegan foodstuffs, the gelling agent category holds a sizeable sales share in 2022.
Upon a rising demand from fermentation industries, the stabilizer market segment based on application is predicted to expand quickly over the coming years.
The emulsifiers and binding agents segment is projected to expand as a result of ongoing attempts to phase out partly artificial emulsifiers.
Based on application, the thickening agent segment’s revenue share was nearly 40%, which was leading in 2022 and the preceding years. This is a result of the F&B as well as pharmaceutical industries’ growing desire for clean-label thickeners.
Lambda is mostly utilized as a thickener, since it cannot make a gel, unlike kappa and iota forms. While the kappa product type segment’s revenue share was significantly approaching 70% in 2022 and earlier years.

Competitive Landscape

Accel Carrageenan Corporation, Cargill, Inc., CP Kelco U.S., Inc., DuPont Nutrition & Heath, Gelymar, Green Fresh Foods (India) Pvt. Ltd., Karagen Indonesia, CV, Kerry Group PLC, Shemberg Ingredients and Gums Corporation, SiChuan Xieli Pharmaceutical Co., Ltd., TIC Gums, Inc., Ingredion Incorporated, Ashland, Ceamsa, W Hydrocolloids, Inc., Caldic B.V., Ina Food Industry Co. Ltd., PT. Gumindo Perkasa Industry, BLG, MCPI Corporation, AEP Colloid, Marcel Carrageenan, TBK Manufacturing Corporation, Prinova Group LLC, LAUTA Ltd., Aquarev Industries, Bang &Bonsomer, Agargel Industria e Comercio Ltd, Zhenpai Hydrocolloids Co., Ltd., and Tate & Lyle among others are prominent players in the global carrageenan market.

Recent Developments

Cargil and Caldic signed a contract in April 2019 to develop Cargil Corporation’s supply of Carrageenan, Xanthum, and Pectin in the Nordic region. This collaboration is anticipated to expand its market penetration, while also assisting Caldic in growing its brand recognition in the region.
Known for its ability to bind water, the substance is mostly used as a viscous base ingredient in skincare products, particularly water-based cosmetics. For example, carrageenan is present in items like DreamBrands Inc.’s Natural Moisturizing Lubricant lotion and L’Oréal’s Pure-clay Glow-mask. Leading cosmetics industry players have entered the global carrageenan market, further intensifying the competition in recent years.

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Key segments

By Type:

Kappa
Iota
Lambda

By Function:

Thickening Agent
Gelling Agent
Stabilizer
Other Functions

By Processing Technology:

Semi-refined
Gel Pressed
Alcohol Precipitation
Others

By End Uses:

Food & Beverages
- Bakery
- Confectionery
- Meat Products
- Dairy Products
- Sauces & Dressings
- Beverages
- Others
Personal Care & Cosmetics
Pharmaceuticals
Other End Uses

By Region

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

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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 5000 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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Future Market Insights Inc.
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