Market Research Blog – Page 2090 – New Product Development

Invest in the Thriving Liquid Smoke Market: Projected to Reach USD 245 Million by 2033 with an 11.7% CAGR | FMI

According to Future Market Insights, the global liquid smoke market is witnessing exponential growth, driven by increasing consumption of smoked food products and growing preference for eco-friendly alternatives. With a projected CAGR of 11.7%, the market is expected to reach a valuation of US$ 245 million by 2033.

The liquid smoke market, valued at US$ 93 million in 2023, is experiencing robust growth propelled by rising demand for smoked food products and the adoption of eco-friendly alternatives to traditional smoking methods. Liquid smoke, derived from condensed wood smoke, offers a convenient and sustainable way to impart smoky flavors to a variety of food products without the need for actual wood smoke.

In recent years, liquid smoke has gained immense traction across food service industry as a substitute for actual meat smoking. It is being increasingly used as a flavoring in various food products to make them appealing to consumers.

The demand for liquid smoke is surging globally, driven by factors such as increasing consumption of flavored foods, growing awareness of the health benefits of liquid smoke, and rising environmental concerns associated with traditional smoking methods. Liquid smoke is widely used in commercial food production, including barbecue sauces, seafood, marinades, and hot dogs, driving market expansion.

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The global liquid smoke industry is witnessing significant growth due to rising environmental concerns coupled with the demand for eco-friendly products. Traditional smoking methods contribute to environmental pollution through the emission of harmful pollutants. In contrast, liquid smoke offers a sustainable and eco-friendly alternative, leading to increased adoption across households and commercial food sectors.

The usefulness of the smoke solution is enhanced through the use of more complex food-grade processes such as extraction with oil, spray-drying, and plating onto food and food ingredients such as flour, yeast, and salt. Therefore, the growing processed food industry is expected to play a key role in boosting liquid smoke sales.

Similarly, growing awareness about the health and environmental benefits of liquid smoke is expected to boost sales in the market during the forecast period. Liquid smoke is eco-friendly as it does not release toxic pollutants into the environment.

Another factor that is expected to help the liquid smoke industry to thrive rapidly during the next ten years is the growing preference for barbeque sauces across the world.

Key Takeaways from the Report:

Based on application, meat and seafood segment will continue to dominate the global liquid smoke market during the forecast period.
By distribution channel, online stores segment will grow at a significant pace over the next ten years.
The United Kingdom liquid smoke market size is projected to reach US$ 13.0 million by 2033.
The USA liquid smoke market is expected to expand at a CAGR of 6.9 % during the projection period.
Liquid smoke demand in Japan is poised to surge at 9.4% CAGR between 2023 and 2033.

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Who is Winning?

Leading manufacturers of liquid smoke include Azelis Holdings S.A., B&G Foods, Inc., International Flavors & Fragrances, Inc., McCormick & Company, Inc., Kerry Group PLC, Colgin, Inc., MSK Ingredients Limited, PS Seasoning, Baumer Foods, Aminola, Sacchetto SpA, and Others

Liquid Smoke Industry by Category

By Smoke Type:

Hickory
Mesquite
Applewood
Others

By Application:

Bakeries
Beverages
Dairy
Meat and Sea Food
Pet Food
Others

By Distribution Channel:

Supermarkets
Departmental Store
Modern Trade
Food Chain Services
Online Stores
Food and Liquid Store
Others

By Region, Liquid Smoke Market is Segmented as:

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

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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 global food certification market is expected to grow from US$ 11,053.9 million in 2024 to US$ 28,405.7 million by 2034.

The global turmeric market size is forecast to be valued at US$ 4,419.3 million in 2023. Total turmeric sales worldwide are likely to rise at 5.5% CAGR throughout the forecast period.

The oat beta-glucan market is expected to reach US$ 846.1 Million in 2032 and exhibit growth at a CAGR of 8.3% in the forecast period from 2022 to 2032.

About Future Market Insights (FMI)

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

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Fungal Keratitis Treatment Market Projected to Reach USD 1.0 Billion by 2033

The global fungal keratitis treatment market is on a significant upswing, with the global market projected to surge from USD 571.7 million in 2023 to a staggering USD 1.0 billion by 2033. This insight comes from a comprehensive market analysis conducted by FMI. Polyenes, a pharmacological class crucial in treating fungal keratitis, dominated approximately 45.1% of the global market share in 2022. Forecasts suggest a robust compound annual growth rate (CAGR) of nearly 5.9% for polyenes from 2023 to 2033, underlining their pivotal role in the market’s expansion.

Recent years have witnessed a remarkable increase in awareness regarding the criticality of early diagnosis and treatment in managing fungal keratitis. This heightened awareness stems from several factors, including the escalating prevalence of the condition, its potential to cause severe vision impairment, and the advancements in medical expertise and technology.

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Eye care professionals now have access to improved diagnostic tools, such as confocal microscopy and molecular testing, which allow for more accurate and rapid identification of the causative fungi. This enables healthcare providers to initiate appropriate treatment sooner, improving the chances of successful outcomes and reducing the risk of severe complications.

The growing awareness about the importance of early diagnosis and treatment in the fungal keratitis treatment market is a positive development that reflects the increasing concern about eye health. The rising prevalence of fungal keratitis and its potential sight-threatening consequences have highlighted the need for timely intervention. Advancements in medical knowledge and technology, along with public awareness campaigns, have further contributed to the emphasis on early diagnosis and treatment.

Key Takeaways from Market Study:

By drug class, polyenes accounted for 1% of the total market share in 2022. The most well-known and commonly used polyene antifungal drug for treating fungal keratitis is Amphotericin B. It’s effective against a wide range of fungal species and is often used in severe or difficult-to-treat cases of fungal keratitis.
By drug formulation, eye drops accounted for 6% of the total market share in 2022. For the treatment of fungal keratitis, antifungal medications can be formulated into eye drops to directly target the infection in the eye. The dominant drug formulation used in this case is the incorporation of antifungal agents into eye drop solutions.
By indication, superficial keratitis accounted for 5% of the total market share in 2022. Superficial fungal keratitis, which affects the outer layers of the cornea is important to be treated promptly to prevent progression to more serious forms of keratitis.
By age group, 40-64 years accounted for 1% of the total market share in 2022 due to high prevalence of fungal keratitis within this age group.
Considering the distribution channel, institutional sales accounted for around 1% of the global market share in 2022. The institutional sales is expected to experience rapid growth between 2023 and 2033, driven by medical advancements, and collaborations between pharmaceutical firms and healthcare facilities.
North America dominated the global market with the United States contributing around USD 110.7 Million in 2022 due to its advanced healthcare infrastructure, high prevalence of infectious diseases, strong regulatory framework, and significant investment in research and development.

“Improved fungal keratitis diagnostics, medication delivery systems, and individualized therapies to meet patient and healthcare professionals’ demands to boost the market” says an analyst of Future Market Insights.

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Market Competition:

Leading players are either undertaking new product launches or divestiture of their products to maintain their foothold in the global market.

In July 2023, AbbVie and Calibr collaborated to advance preclinical and early-stage clinical assets in immunology, oncology, and neuroscience, providing research option payments over five years for therapeutic programs.
In June 2023, Bausch Health acquired XIIDRA®, a non-steroid eye drops for treating dry eye disease, from Novartis, accreting to Bausch + Lomb, a global pharmaceutical company specializing in gastroenterology, hepatology, neurology, dermatology, and eye health.

Key Companies Profiled:

Novartis AG
Eyevance Pharmaceuticals, LLC (Santen Holdings United States Inc.)
AbbVie Inc.
Pfizer Inc.
Merck and Co. (Merck KGaA)
Bausch Health Companies Inc.
Cipla Inc.
Wellona Pharma
LEXICARE PHARMA PVT. LTD
Salvus Pharma

Key Market Segments Covered in the Fungal Keratitis Treatment Industry Research:

By Drug Class:

Polyenes
- Natamycin
- Amphotericin B
Azoles
- Triazole
  - Fluconazole
  - Voriconazole
  - Posaconazole
  - Itraconazole
- Imidazoles
  - Econazole
  - Miconazole
  - Ketoconazole
Flucytosine
Echinocandins
- Capsofungin
- Micafungin
Terbinafine

By Drug Formulation:

Tablets
Eye Drops
Ophthalmic Ointments
Subconjunctival Injections

By Indication:

Superficial Keratitis
Deep Keratitis

By Age Group:

0-18 Years
18-39 Years
40-64 Years
65 Years and Above

By Market Status:

Rx
OTC (Over The Counter)

By Distribution Channel:

Institutional Sales
- Hospitals
- Ophthalmic Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
- E-Commerce/Mail Order Pharmacies

By Region:

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

A Comprehensive Full Report: https://www.futuremarketinsights.com/checkout/6934

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Demand for Sustainability: Bio-Based Elastomers Market to Hit USD 1.9 Billion by 2033

The global bio-based elastomers market is set to experience significant growth, with its market value expected to rise from USD 513 million in 2023 to USD 1,901.8 million by 2033. This represents a robust compound annual growth rate (CAGR) of approximately 14% during the forecast period. This surge is driven by increasing demand for sustainable and eco-friendly materials across various industries, including automotive, consumer goods, and medical sectors. The shift towards reducing carbon footprints and the adoption of bio-based alternatives is propelling the market forward, reflecting a growing commitment to environmental sustainability and innovative material solutions.

End-use companies in the elastomer market are also including sustainable materials in their product manufacturing, which can significantly impact the market growth. For instance, in January 2022, The Goodyear Tire & Rubber Company launched a demonstration tire containing 70% sustainable-material content such as soybean oil and silica produced from rice husk ash to develop tires. Pela, a phone case manufacturing company in Canada, manufactures 100% compostable phone cases from Flaxstic, a bio-based material. This material includes a by-product of the flax oil seed harvest and a bio-based thermoplastic elastomer.

The U.S. in North America is expected to witness significant growth in the demand for bio-based elastomers. This is due to the fact the country hosts a number of conventional elastomer manufacturers such as Avient Corporation, Huntsman International LLC, The Lubrizol Corporation, Trinseo, and Dow that are now engaged in the development of bio-based elastomers.

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Key Takeaways from the Market Study

Bio-based thermoplastic elastomers dominated the market and accounted for more than 75.0% share of the overall revenue in 2022.
The automotive application segment dominated the market in 2022. This is attributed to the growing use of bio-based elastomers in automotive trims, dashboards, mats, and tires.
North America emerged as the second-largest regional market in 2022.
The high price of bio-based elastomers compared to crude oil-based elastomers is expected to restrain the market growth.
Europe accounted for the largest revenue share of more than 40.0% in 2022.
The bio-based thermoplastic elastomers accounted for the largest revenue share of more than 75.0% in 2022.
Automotive emerged as the leading application segment and accounted for more than 35.0% share in terms of revenue in 2022.

“Technology collaboration is being observed among elastomer raw material manufacturers to develop bio-based alternatives. Such instances create a sufficient supply of bio-based raw materials, enabling adequate production of bio-based elastomers,” says an analyst at Future Market Insights.

Key Market Players

Major players are channeling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market. Key players in the Bio-based Elastomers market are Dow; FKuR; BASF SE; ARLANXEO; Trinseo; Eni S.p.A.; Asahi Kasei Corporation; DSM; Mitsubishi Chemical Europe GmbH, Ltd.; Arkema; The Goodyear Tire & Rubber Company; The Lubrizol Corporation; KURARAY CO., LTD.; Wacker Chemie AG; Huntsman International LLC; Covestro AG; HEXPOL TPE; and Avient Corporation.

In April 2021, Audia Elastomers launched sustainable thermoplastic elastomers under the brand name AudiaFlex consisting of customizable grades that are produced from marine-based, bio-based, post-industrial, and post-consumer sources.
In November 2022, Asahi Kasei Corporation announced the beginning of the sale of Asadene BR and Tufdene S-SBR for the production of eco-friendly tires. These elastomers are manufactured by the mass-balance method with raw material derived from plastic waste and biomass.
In August 2022, the Beijing University of Chemical Technology developed bio-based polyester elastomer soles for biodegradable footwear manufactured using corn stalk latex, bamboo fiber, and hemp fiber.

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Key Market Segments Covered in the Global Bio-based Elastomers Market

By Product Type:

Bio-based Thermoplastic Elastomers
Bio-based Thermoset Elastomers

By Application:

Footwear
Automotive
Sports
Electrical & Electronics
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

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

Middle East and Africa Hydrolyzed Bovine Collagen Market Projected to Surpass USD 104.4 Million by 2033

The Middle East and Africa hydrolyzed bovine collagen market is set to experience significant growth, according to the latest projections. By 2023, demand in the region is estimated to reach USD 42.4 million, with an anticipated Compound Annual Growth Rate (CAGR) of approximately 9.4% during the forecast period from 2023 to 2033. By 2033, the market is expected to surpass USD 104.4 million, offering an absolute dollar opportunity of USD 62 million over the projection period.

The increasing demand for natural components with clean labels has been a key driving force behind this growth trajectory. Consumers are increasingly shifting away from products containing chemical additives and showing a preference for organic options, such as hydrolyzed bovine collagen. The appeal of collagen derived from organic sources, such as the hides and bones of cows, resonates with consumers seeking wholesome, naturally processed goods.

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“Consumers are becoming more discerning about the ingredients in their products and are placing greater emphasis on health-conscious choices,” said FMI. “The organic nature of hydrolyzed bovine collagen aligns with these preferences, driving its popularity in the Middle East and Africa region.”

The anticipated growth in the hydrolyzed bovine collagen market underscores the importance of meeting consumer demands for natural, sustainable products. As awareness of ingredient labels and health-consciousness continues to rise, the market is poised for further expansion in the coming years.

Key Takeaways from Middle East and Africa Hydrolyzed Bovine Collagen Market Study:

The Middle East & Africa hydrolyzed bovine collagen industry showcased a steady CAGR of 11.0% in the historical period between 2018 and 2022.
United Arab Emirates hydrolyzed bovine collagen industry is expected to witness a CAGR of 9.3% in the forecast period.
Türkiye hydrolyzed bovine collagen market is anticipated to create an incremental opportunity of USD 13.7 million in the review period.
In terms of product, the type I segment is projected to witness a CAGR of 9.2% in the assessment period.
Based on form, the dry category is estimated to expand at an average CAGR of around 9.1% in the evaluation period.

“Conventional wellness habits have an impact on the need for hydrolyzed bovine collagen. These usually have complex connections to ecology and natural resources. Civilizations in the Middle East & Africa have a long history of using natural items for health and beauty. Understanding that collagen might enhance joint mobility and face health is set to support demand.” – Says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape:

Prominent companies are spending in research initiatives to develop innovative collagen products that cater to specific needs. This includes making functional foods, beverages, cosmetics, and dietary supplements based on collagen. Businesses can expand into different marketplaces and gain a broader clientele by offering a range of goods.

Maintaining product quality and ensuring that sourcing and production processes are transparent are essential strategies. Strict quality control methods, certifications, and clear labeling are used to boost consumer confidence. To gain an advantage, businesses might describe in detail where and how their bovine collagen is made.

For instance,

Dubai welcomed JUJU Lifestyle in July 2023. This health and wellness company is renowned for its TikTok popular range of fizz pills. JUJU Collagen and GlutaFair are now easily accessible for sale in Dubai.
Nestlé Health Science Türkiye introduced Vital Proteins, one of the most popular collagen solutions in globally, to consumers in July 2022. As it entered the market, Vital Proteins encouraged its clients to discover their inner light.

Key Companies Profiled:

GELITA AG
Rousselot
Symatese
Collagen Solutions Plc
DSM
Advanced BioMatrix, Inc.

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Middle East & Africa Hydrolyzed Bovine Collagen Market Outlook by Category:

By Product:

Type I
Type II
Type III
Other Product Types

By Application:

Food & Beverage
Functional Foods
Functional Beverages
Meat Processing
Dietary Supplements
Nutrition Bars
Desserts
Others
Healthcare
Bone Reconstruction
Dental Applications
Tissue Engineering
Cosmetic Surgery & Wound Healing
Cardiology
Research (Cell Culture, Cell Behavior)
Drug Delivery
Other Applications

By Form:

Dry
Liquid

By Country:

South Africa
United Arab Emirates
Saudi Arabia
Türkiye
Israel

About Future Market Insights (FMI)

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

Contact Us:

Energy Efficiency Revolution: How Composite Doors & Windows Drive Sustainable Construction

By 2024, the composite door and window market is projected to be worth USD 0.83 billion. With a compound annual growth rate of 7.4%, the market valuation is predicted to reach USD 1.7 billion by 2034.

The increasing demand for energy-efficient building materials is one of the primary drivers. Composite doors and windows offer superior thermal insulation properties, helping to reduce heat loss and energy consumption in residential and commercial buildings.

As energy efficiency regulations become more stringent worldwide, a growing preference for composite materials can contribute to sustainable construction practices and lower utility costs for building owners.

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Composite materials provide excellent durability and resist weathering, corrosion, and rotting, making them ideal for exterior applications such as doors and windows. Homeowners and architects appreciate the low maintenance requirements of composite doors and windows, which typically require minimal upkeep compared to traditional materials.

Advancements in manufacturing technologies have enabled the production of composite doors and windows with improved strength, structural integrity, and design flexibility. Companies invest in research and development to develop innovative composite formulations and production processes that optimize performance while reducing costs and environmental impact.

The composite door and window market is also driven by urbanization, population growth, and new residential and commercial building construction. As urban areas expand and modernize, there is a growing demand for high-quality building materials that offer longevity, security, and aesthetic appeal.

Key Takeaways from the Market Study

Under type, the polyester segment is registered to expand at 7% CAGR by 2034.
The United Kingdom is estimated to register at a CAGR of 8% by 2034.
China experiences significant growth, projected at a CAGR of 8.2% by 2034.
Based on the product, the fibre-reinforced plastics segment is anticipated to expand at 7.2% CAGR by 2034.

“The increasing focus on energy efficiency and sustainability in the construction industry is one significant driver of the composite door and window market,” Says an Analyst at Future Market Insights (FMI).

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Competitive Landscape

The competitive landscape of the composite door and window market is characterized by a mix of global manufacturers and regional players. These companies compete based on product quality, design innovation, pricing strategies, and geographical presence, leveraging strategic partnerships and mergers to gain market share and meet evolving consumer preferences.Top of Form

Some of the key developments are

In February 2019, NCL VEKA, a joint venture between NCL Group and German UPVC profile producer VEKA AG, inaugurated the country’s largest UPVC profile extrusion plant in Hyderabad. This significant investment underscores their commitment to meeting the growing demand for UPVC profiles in India’s construction sector.
In January 2019, REHAU announced plans to establish 56 retail centers across India by 2020. This expansion initiative aimed to strengthen REHAU’s presence in the Indian market and cater to the increasing demand for premium UPVC products among residential and commercial customers.

Key Companies Profiled

Andersen Corporation
Chem-Pruf
Fiberline Building Profiles
Pella Corporation
Hardy Smith Designs Private Limited
FiberTech Composite Pvt. Ltd.
Nationwide Windows
Vello Nordic AS
Special-Lite
Just Doors UK Ltd

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More Valuable Insights Available

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

To understand market opportunities, the composite door and window market is segmented based on product (fibre-reinforced plastics, wood-plastic composites), type (polyester, PVC, and wood), application (industrial, commercial, and residential), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).

About Future Market Insights (FMI)

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

Contact Us:

Seize the Opportunity: Fortified Food Market Projected to Reach USD 257.7 Billion by 2033 with a 6.2% CAGR | FMI

The global fortified food market is poised for significant expansion, with forecasts indicating a valuation of US$ 257.7 billion by 2033. This robust growth is fueled by increasing consumer awareness about nutrition and health consciousness, presenting lucrative opportunities. Consumers in industrialized economies are increasingly aware of the health benefits of fortified foods, which is a driving force behind the market for these products.

Fortified foods, enriched with essential vitamins and minerals, are witnessing a surge in demand globally. With an estimated Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2033, the market is experiencing rapid growth, driven by the rising prevalence of chronic conditions and the growing emphasis on balanced diets.

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The demand for fortified foods is propelled by changing consumer lifestyles, increasing awareness about health benefits, and government initiatives aimed at eliminating malnutrition. As consumers seek convenient and nutritious food options, fortified foods have emerged as a preferred choice, driving market growth.

Several factors contribute to the growth of the fortified foods market, including the rising incidence of nutritional deficiencies, growing awareness about the importance of nutrition, and advancements in food technology. Additionally, government support for food fortification programs and the increasing popularity of functional foods are driving market expansion.

With the prevalence of chronic diseases and nutrient deficiencies, consumers are increasingly seeking foods that contain essential nutrients and support specific health goals. As fortified foods are highly convenient, marketable, and strategically positioned, modern trade outlets are valuable drivers of growth.

A variety of fortified foods are being developed by manufacturers that meet the various preferences and dietary restrictions of consumers, such as vegan, gluten-free, and dairy-free diets. Fortified foods are increasingly containing functional ingredients such as probiotics, prebiotics, antioxidants, and botanical extracts to make them more nutritious, functional, and tasty. A number of health benefits have been linked to these ingredients, including improving gut health, boosting immunity, and preventing disease.

With the continual advancements in drying technology, including freeze-drying, spray drying, and vacuum drying, it is anticipated that these advances will lead to improving efficiency, cost-effectiveness, and better retention of the nutrient content of the crops. There is a possibility that consumers will find it more appealing to consume fortified foods produced through these methods.

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Key Takeaways from the Market Study

The fortified foods market is estimated to reach US$ 207,352.6 million by 2032.
A CAGR of 2.5% was recorded between 2018 and 2022 for fortified foods.
Japanese sales accounted for 5% of the global market in 2022.
According to analysts, the market for fortified foods in the United Kingdom grew by 2.5% in 2022.
The micronutrient market for vitamin D is forecast to dominate during the forecast period.
Yogurt with added vitamins is expected to gain popularity in the coming years.

“Innovation and the development of new products will fuel fortified food market growth. A rising number of government initiatives and research and development activities are expected to drive growth in the market,” says an FMI analyst.

Competitive Landscape

More companies are collaborating and establishing strategic partnerships in the fortified foods industry.

Fortified food companies conduct research and development, innovate, develop products, expand geographically, and establish strategic partnerships.

In July 2023, Big G breakfast cereals will contain double the amount of vitamin D as they currently do, providing 20% of the daily dose of vitamin D. The first cereals to include the vitamin boost are Cinnamon Toast Crunch and Cheerios; later this summer, Cocoa Puffs, Lucky Charms, Trix, and Cookie Crisp will follow. By the end of this year, the company plans to offer a full line of vitamin D-fortified cereals nationwide.
In August 2023, the Directorate of Food and Civil Supplies will collaborate with PATH, its technical partner, to raise awareness about plastic rice circulating on social media.

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Fortified Foods Market by Category

By Raw Material:

Flours
- Rice Flour
- Wheat Flour
- Corn Flour
Rice
Salt
Milk
Oil
Sugar

By Micronutrients:

Vitamins
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Other Vitamins
Minerals
- Calcium
- Iron
- Zinc
- Iodine
- Other Minerals
Ther Fortifying Nutrients

By Application:

Basic Food
- Cheese
- Butter
- Yoghurt
- Others
Processed Food
- Extruded Products
- Powdered Products
Value added Food
Condiments
Juice

By Technology:

Drying
- Oven Drying
- Drum Drying
- Spray Drying
Extrusion
Coating & Encapsulation
Others

By Sales Channel:

Modern Trade
Online Sales
Neighborhood Stores
Other Retail Format

By Region:

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

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 Global Fortified Dairy Products Market size was estimated at USD 109,485 million in 2021 and expected to reach USD 223,441 million in 2032, at a CAGR of 6.7%.

The Lactose free dairy products Industry at a 5.6% CAGR, is expected to generate market revenue of US$ 23,983.50 million by 2034.

The global Dairy-free cream market is expected to be valued at US$ 413.9 million in 2023 and to reach a valuation of US$ 777 million by 2033.

The demand for dairy alternatives is projected to rise at a CAGR of 7.3% and expected to reach a valuation of US$ 46,832.6 million by 2034.

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Global Dental Matrix Systems Market Set to Skyrocket, Reaching USD 449.0 Million by 2033

The global dental matrix systems market is poised for substantial growth, with projections indicating a surge from a valuation of USD 245.4 million in 2023 to an impressive USD 449.0 million by 2033. According to the latest market analysis, this growth trajectory is underpinned by a promising compound annual growth rate (CAGR) of 6.2% over the forecast period.

In 2022, sectional dental matrix systems emerged as the dominant force in the market, capturing approximately 57.7% of the global value share. The anticipated continuation of this trend is attributed to ongoing innovation and enhancements within this segment.

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The burgeoning adoption of digital solutions within the dental sector is a key driver fueling the evolution of dental matrix systems. Technologies such as digital impressions and Computer-Aided Design/Computer-Aided Manufacturing (CAD/CAM) are at the forefront of this revolution, facilitating the creation of highly precise and customizable dental matrices. As a result, restorations are better fitting, leading to significantly improved patient outcomes.

“The dental industry is experiencing a transformative shift towards digitalization, and dental matrix systems are at the forefront of this revolution,” commented FMI. “The ability to leverage advanced technologies not only enhances the efficiency of dental procedures but also elevates the quality of patient care.”

With the advent of digital solutions and the relentless pursuit of innovation, the global dental matrix systems market is poised to witness remarkable growth in the coming years. Stakeholders across the dental industry are advised to capitalize on this momentum and embrace the opportunities presented by technological advancements.

Key Takeaways from Market Study:

By matrices, sectional dental matrix systems accounts for USD 134.2 Million in 2022 as it allows for better fit around interproximal areas in order to produce a point of contact for a more natural and anatomical contour.
By material, steel accounts for USD 108.1 Million in 2022. In comparison to other materials, stainless steel is relatively inexpensive, making it a cost-effective solution for dental practices.
By application, dental filling accounts for over 25% market share globally in 2022. During filling procedures, dental matrix systems serve to reconstruct the natural form and contour of teeth. They form a temporary barrier between the tooth being replaced and neighboring teeth, allowing the dentist to correctly pack the filling material and establish the proper anatomical shape.
Dental clinics holds about 34.8% of the global market share in 2022. Dental matrix replaces the missing wall or walls containing the restorative material to provide the interproximal walls anatomical shape and gain suitable contact points. Dental clinics seek to increase their surgical operations and efficiency by using dental matrix systems first.
By region, North America held dominant share in world in 2022. The demand for increased dental surgery procedures including reconstructive and cosmetic is substantial in the United States. Dental matrix plays a crucial role in enabling these procedures.

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Market Competition:

Leading companies opt for various strategies to continue maintaining their market share. These include continuous innovation, investment in research and development and new product launches.

In October 2022, 3M Oral Care has introduced a new personalized matrix technology that makes restorative operations more economical for consumers while also increasing predictability for dentists.
In Sep. 2018, Dentsply Sirona introduced Azento, a tooth replacement in one box solution that can be tailored to match the needs and timelines of patients and dental professionals alike.

Key Companies Profiled:

DuraPro Health
Ultradent Products Inc.
Dentsply Sirona
Safco Dental Supply LLC
Garrison Dental Solutions, LLC.
Premier Dental Co.
Young Innovations, Inc.
Medicom
Zest Dental Solutions
Pac-Dent, Inc.
Henry Schein Inc.
Clinician’s Choice Dental Products Inc.

Key Market Segments Covered in the Dental Matrix Systems Industry Research:

By Matrices:

Sectional Dental Matrix Systems
- Universal Rings
- Matrix Bands
- Anatomical Wedges
Circumferential Dental Matrix Systems
- Wide Circumferential Dental Matrix
- Narrow Circumferential Dental Matrix
Custom Dental Matrix Systems

By Material:

Steel
Wooden
Nitinol
Plastic

By Application:

Dental Filling
Contour & Shape Control
Gingival Protection
Proximal Contact & Separation
Dental Sealing
Dental Aesthetics

By Distribution Channel:

Hospitals
Dental Clinics
Group Dental Practices
Ambulatory Surgical Centres
Online Sales
- Manufacturer’s Website
- Aggregator’s Website

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltic Countries
Middle East & Africa

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About Future Market Insights (FMI)

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

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Revolutionizing Drug Delivery: How Biopharma Plastics are Shaping the Future of Healthcare

The biopharma plastics market is expected to grow at a compound annual growth rate (CAGR) of 11.4% until 2033, with a projected valuation of USD 5.42 billion in 2023. Hunting equipment technology advancements are expected to propel the market to USD 15.95 billion by 2033.

Depth filters, syringes, and containers are among the applications that benefit from biopharma plastics’ increased stability. The market has grown as a result of an increased demand for using premium polymers in the manufacture of single-use biopharma plastics.

The market for biopharma plastics and polymers is anticipated to be driven by rising healthcare costs and rising health concerns. Additionally, the presence of substantial PP moulding facilities and the manufacturing industry is anticipated to fuel market expansion throughout the anticipated time frame.

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The market for biopharma plastics is being driven by industry players who are extensively spending in R&D to create biopharmaceutical goods that cater to all aspects of customer needs. Due to the presence of major producers of biopharma plastics including Celanese Corporation, Eastman Chemical Co., and DuPont in the region, North America dominates the market for these materials. Due mostly to the expanding governmental support and advantageous reimbursement policies for medical equipment, Europe is the second-largest shareholder in the industry.

Key Takeaways from the Market Study

As of 2023, the biopharma plastics market was valued at US$ 5.42 Billion
From 2023 to 2033, the biopharma plastics industry is poised to grow at an 11.4% CAGR
By 2033, the biopharma plastics market is slated to reach a valuation of US$ 15.95 Billion
By polymer type, the polyvinyl chloride segment accounted for the largest share of 21.5% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 11.3% with respect to biopharma plastics in 2033

“Growing healthcare spending and increasing application of biopharma plastics are expected to radically transform the biopharma plastics market in the coming years,” comments an analyst at FMI.

Competitive Landscape

BASF SE, LyondellBasell Industries Holdings B.V., SABIC, LG chem, Toray Industries, Inc., Solvay, Dow, Inc., DuPont de Nemours, Inc., Saint-Gobain Performance Plastics, Tekni-Plex are some of the key players in the biopharma plastics industry.

The manufacturers are involved in the production of biopharma plastics in a larger capacity. Research and innovation are also conducted to launch innovative plastics for biopharmaceutical products.

Also, some of the key players are acquiring small pharmaceutical companies to increase their production capacity.

In September 2022 – LyondellBasell announced today that Hanwha Solutions Corporation will use the LyondellBasell Lupotech T high-pressure polyethylene technology at a new site in Yeosu, South Korea. The Lupotech T process technology will be used for a 300 kiloton per year (KTA) vinyl acetate copolymer (EVA) line.
In July 2022 – DuPont celebrated the opening of its new DuPont^™ Liveo^™ Healthcare Solutions manufacturing facility located at the Cooper River Site in South Carolina. The new facility will expand capacity for biopharmaceutical tubing extrusion to meet increased demand from Liveo^™ customers
In October 2021 – Tekni-Plex Healthcare has acquired precision extrusion manufacturer Johnson Plastic Group (JPG) as part of a strategy to expand the company’s patient care solutions platform. The acquisition expands Tekni-Plex Healthcare’s medical device capabilities and broadens the division’s global footprint by adding a presence in Mexico.
In November 2022 – Solvay, a leading supplier of advanced materials, has teamed up with French start-up Ostium in a joint project designed to enable the mechanical recycling of end-of-life single-use surgical instruments molded in glass-fiber reinforced Ixef® polyarylamide (PARA) from Solvay’s portfolio of specialty polymers

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Key Segments Covered in the Biopharma Plastics Market Survey

Biopharma Plastics Market by Polymer Type:

Polyethylene – PE
Polypropylene – PP
Acrylonitrile Butadiene Styrene – ABS
Polyethylene Terephthalate – PET
Polyvinyl Chloride – PVC
Polytetrafluoroethylene – PTFE
Other

Biopharma Plastics Market by Application:

Protective Wear
Container
Bioreactor Bags
Syringes
Depth Filter
Disposable Medical Connectors
Others

Biopharma Plastics Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Aluminum Chemicals Market Poised for Growth: USD 260 Billion by 2032, Driven by Diverse Applications

The demand for aluminum chemicals is expected to be valued at USD 168 billion in 2022 and grow at a compound annual growth rate (CAGR) of 4.5% to reach USD 260 billion by 2032. The many uses of aluminum chemicals in the oil and gas, agricultural, and water treatment sectors fuel their use.

Aluminium is a silvery white chemical element that belongs to the boron group. It has symbol Al, atomic number 13 and under normal circumstances it is insoluble in water. Aluminium is ductile that can be drawn into wires and malleable which can be beaten into thin sheets. Aluminium chemical known as aluminium trihydrate is produced from bauxite by the bayer process which is used in production of aluminium metal.

The majoraluminiumtrihydrate end use application consist of raw materials for production of chemicals that contain aluminium, reinforcement fillers and flame retardants in elastomers, plastics, adhesives and other products, coatings and filler pigments in papermaking among others. Aluminium sulfate is used as a flocculating agent for water purification.

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Here are some prominent drivers spearheading aluminum chemicals market growth:

Rising Demand from End-Use Industries: Aluminum chemicals are widely used in various end-use industries, including construction, transportation, packaging, and electronics. The growth of these industries is a significant driver for the aluminum chemicals market. For instance, in the construction sector, aluminum chemicals are used in fire retardants, pigments, and building materials. In the transportation sector, aluminum chemicals are used in lightweighting vehicles to improve fuel efficiency.
Growing Focus on Lightweight Materials: There is a growing focus on using lightweight materials in various industries to reduce weight and improve fuel efficiency. Aluminum is a lightweight and strong metal, making aluminum chemicals a preferred choice for various applications.
Increasing Environmental Regulations: Stringent environmental regulations are driving the demand for eco-friendly aluminum chemicals. Manufacturers are developing new and improved aluminum chemicals with lower environmental impact.
Expanding Applications in Water Treatment: Aluminum chemicals are increasingly used in water treatment processes for flocculation and coagulation. The growing demand for clean water is expected to propel the aluminum chemicals market forward.
Rising Demand in Developing Economies: The growing economies of Asia Pacific, especially China and India, are witnessing a significant rise in demand for aluminum chemicals due to rapid urbanization and industrialization.

The major segments for aluminium chemicals market include North America, Asia Pacific, Europe and Rest of the World (RoW). China is the largest consumer of aluminium chemicals for manufacture of electronic products and plastics materials that are used to manufacture automobile parts. Therefore, Asia Pacific is expected to be the largest market for aluminium chemicals. North America is anticipated to boost demand for aluminium chemicals for manufacture of ceramics, paints and adhesives among others.

Aluminum Chemicals Industry Key Players

Krishna Chemicals
Sumito chemicals
General Chemical USA
Hindustan Produce Company

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Key Segments Profiled in the Aluminum Chemicals Industry Survey

Application:

Fire Retardant
Pulp and Paper Manufacturing
Flocculent
Coagulant
Catalyst
Fumigant
Antacids
Body Implants
Dental cements
Others

End Use:

Water Treatment
Oil & Gas
Agrochemical
Automobile
Plastic
Medical and Pharmaceutical
Food Packaging
Others

Region:

North America
Europe
Asia Pacific
Rest of the World

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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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Global Moderate-to-Severe Acne Treatments Market Set to Expand, Reaching USD 2.4 Billion by 2033

A recent market analysis report has shed light on the burgeoning growth of the global market for moderate-to-severe acne treatments. According to the report, the market, which was valued at USD 1.3 billion in 2023, is poised to experience a substantial surge, reaching an anticipated USD 2.4 billion by 2033, with a compound annual growth rate (CAGR) of nearly 6.2%.

Retinoid therapy, recognized for its efficacy and continual advancements in formulation, is highlighted as a pivotal leader in the market. Holding a significant value share of 25.6% in 2022, retinoid therapy is projected to maintain its dominance throughout the forecast period.

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The escalation in market size can be attributed to the escalating prevalence of acne across global populations and the growing urgency to address this dermatological condition effectively. Acne transcends mere physical appearance concerns; it poses a substantial psychological burden and profoundly impacts individuals’ self-esteem and quality of life, particularly in moderate-to-severe cases.

“Our findings underscore the critical need for innovative and efficacious treatments for moderate-to-severe acne,” remarked FMI. “As acne continues to exert a significant toll on individuals’ well-being, there is a pressing demand for therapeutic solutions that not only address the physical symptoms but also alleviate the psychological distress associated with the condition.”

The report serves as a comprehensive guide for stakeholders in the moderate-to-severe acne treatment market, offering insights into key trends, market dynamics, and growth opportunities.

Key Takeaways from Market Study:

By treatment, retinoid therapy accounts for USD 318.9 Million in 2022 owed to the benefits provided which includes novel formulations, combination therapies, and improved delivery systems, providing patients and healthcare professionals with a wider range of options.
By route of administration, topical accounts for more than 45% in 2022 globally. Topical acne treatments are available both over-the-counter (OTC) and by prescription. While milder acne may be managed with OTC options, moderate-to-severe acne often requires prescription-strength topical treatments.
Hospitals holds about 9% of the global market share in 2022. Hospitals may conduct clinical trials and research studies related to acne treatment, including moderate-to-severe cases. These studies contribute to the development of new therapies and advancements in the field of acne treatment, helping to shape the market landscape.
By region, North America held dominant share in world in 2022. North America has a strong emphasis on aesthetic dermatology, including the management of acne and acne scarring. There is a demand for treatments that not only address acne but also improve the appearance and texture of the skin. This drives the availability of cosmetic procedures and innovative technologies for acne treatment.

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Market Competition:

The leading companies are increasing their research & development investments in an effort to create innovative and inventive care with enhanced effectiveness, and affordability. With key focus on expanding their products, companies are strengthening their sales channels in emerging countries.

In January 2023, the manufacturing plant owned by Abzena in Sanford, North Carolina, was announced to be purchased by Pfizer, according to an agreement the two firms announced.
In May 2023, Roche’s India division purchased more than 200,000 square feet of office space with Brookfield Properties in the company’s commercial project in Pune’s Baner area.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the moderate-to-severe acne treatment market in its latest study, presenting a historical demand assessment of 2017 – 2022 and projections for 2023 – 2033. The global moderate-to-severe acne treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader

The analysis is based on treatment (antibiotics, retinoid therapy, hormonal drugs, anti-inflammatory drugs, chemical peels, laser devices and radiofrequency devices), route of administration (oral, topical and Injectables), and distribution channel (hospitals, clinics, pharmacies & drug stores, e-Commerce and others), across seven key regions around the world.

Key Companies Profiled:

Johnson & Johnson
Bayer AG
Galderma
Allergan
Roche
Valeant Pharmaceuticals
Stiefel Laboratories
Pfizer
Foamix Pharmaceuticals
La Roche-Posay
Proactiv
Cipla Limited
GlaxoSmithKline Inc.
Janssen Pharmaceuticals Inc.
Sanofi

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Key Market Segments Covered in the Moderate-to-Severe Acne Treatment Industry Research:

By Treatment:

Antibiotics
Retinoid Therapy
Hormonal Drugs
Anti-Inflammatory Drugs
Chemical Peels
Laser Devices
Radiofrequency devices

By Route of Administration:

Oral
Topical
Injectables

By Distribution Channel:

Hospitals
Clinics
Pharmacies & Drug Stores
e-Commerce
Others

By Region:

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

About Future Market Insights (FMI)

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

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