Sugar-based Excipients Market Set to Flourish, Fueled by Growing Pharmaceutical Demand and Advancements in Drug Delivery Systems

Sugar-based Excipients Market
Sugar-based Excipients Market

The global market for sugar-based excipients is poised for significant growth, driven by factors such as the increased utilization of co-processed excipients, advancements in orally disintegrating tablets (ODTs), and rising demand for pharmaceutical formulations aimed at improving bioavailability and stability.

According to recent market projections, the global sugar-based excipients market is expected to reach a value of US$ 1068.41 million by 2023, with a compound annual growth rate (CAGR) of 4.8%. By 2033, the market is estimated to exceed US$ 1707.46 million, indicating substantial growth potential over the forecast period.

Key factors driving the growth of the sugar-based excipients market include the growing popularity of co-processed excipients in the pharmaceutical industry due to their cost-effectiveness and versatility in drug delivery systems. Co-processed excipients are increasingly being utilized to enhance the bioavailability, dissolution, and disintegration of Active Pharmaceutical Ingredients (API), thereby improving the efficacy of pharmaceutical formulations.

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Furthermore, the rise in demand for orally disintegrating tablets (ODTs) has contributed to the market growth, as sugar-based excipients are widely used in the formulation of ODTs. These tablets dissolve on the tongue, providing a convenient and attractive option for patients, particularly children and the elderly, who may have difficulty swallowing traditional tablets.

“Increasing utilization of co-processed excipients, patent cliffs for sugar excipients, and advancements in orally disintegrating tablets (ODTS) are factors driving sugar-based excipients market growth.” says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

  • The sugar-based excipients market is expected to grow at a CAGR of 4.8% over the forecast period.
  • According to estimates, the sugar-based excipients market in North America will remain strong throughout the length of the forecast period.
  • In terms of type, the powder segment accounts for a significant share of the market since it is widely used in pharmaceutical applications.
  • The actual sugar segment is projected to reach a revenue share of US$ 750.5 million by 2033 and is expected to expand at a CAGR of 4.4%.
  • The U.S. sugar-based excipients market is expected to record a CAGR of 3.5% during the forecast period.
  • China’s sugar-based excipients market is projected to reach revenues of US$ 258.5 million by 2033. This is expected to deliver the fastest CAGR of 6.7%.

Competitive Landscape:

Several prominent companies dominate this market, including Ashland Inc., Associated British Foods Plc, BASF SE, Colorcon, Inc., Cargill, Inc., DFE Pharma, FMC Corporation, MEGGLE AG, Roquette Group, and The Lubrizol Corporation and others.

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Excipient companies engage in a variety of key activities, including product launches, expansions, and distribution network expansions, as well as establishing global footprints through subsidiaries and partnerships.

Using these activities, manufacturers can gain a larger share of the market, expand their product portfolios, and expand their reach to different regions. They can also gain access to new markets and advanced technologies through partnerships with other companies. Major players also acquire companies, merge, and diversify their portfolios.

Recent Developments:

  • In September 2022, Roquette acquired Crest Cellulose, an Indian company that manufactures pharmaceutical and nutraceutical excipients. By acquiring Crest Cellulose, Roquette is gaining access to a larger market and expanding its portfolio of excipients. This acquisition gives Roquette a more comprehensive range of excipients and allows Roquette to gain more market share in India.
  • In July 2022, DFE Pharma introduced Lactohale 400, a lactose-free, non-GMO, plant-based excipient that can be used in tablets, capsules, and granules. It is a lactose-free, non-GMO, plant-based excipient. To meet the increasing demand for natural, sustainable excipients in the nutraceutical and pharmaceutical industries, the product was developed.
  • The Roquette Group (France) has developed a wide range of sugar-based excipients that are proven to work in the industry. In Lestrem, France, the Roquette Group opened a pharmaceutical application development center. With this upgraded facility, the company was able to develop excipients and active ingredients more effectively.
  • For the growing demand for excipient products as well as services in Shanghai, China, DFE Pharma (Germany) opened a new sales office.

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Sugar-based Excipients by Category

By Product, the Sugar-based Excipients Market is Segmented as:

  • Actual Sugar
  • Sugar alcohols
  • Artificial sweeteners

By Type, the Sugar-based Excipients Market is Segmented as:

  • Powders
  • Direct Compression Sugars
  • Crystals
  • Syrups
  • Others

By Functionality, the Sugar-based Excipients Market is Segmented as:

  • Fillers and Diluents
  • Flavoring Agents
  • Tonicity Agents
  • Others

By Formulation, Sugar-based Excipients are Segmented as:

  • Oral
  • Parenteral
  • Topical
  • Others

By Region, Sugar-based Excipients are Segmented as:

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

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
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Automotive Body in White Market Size is expected to reach US$ 89.4 Billion by the year 2033

The global automotive body in white market size is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033.

Industrialization, globalization, and expanded supply chains are into strengthening transportation and logistics sector. Plus, there is an increase in the usage of lightweight materials in automobiles for improving fuel efficiency. These factors are expected to take the automotive body in white market going forward.

Automotive body in white is expected to possess higher tensile strength along with resistance against torsional, dynamic, static, and bending forces. As such, high-strength materials are used for producing automotive body in white.

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At the same time, the fact that automobile companies’ supply chains are more complex can’t be ignored. This factor could restrain the automotive body in white market in the near future.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Automotive Body in White Market’. It has its indigenous team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With transportation and logistics sector gaining traction, the global automotive body in white market is expected to grow on a robust note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Automotive Body in White Market

  • The Asia-Pacific is expected to witness maximum growth in the automotive body in white market in the forecast period. China and India dominate the scene. Coming to production, Japan rules the roost and the scenario is expected to remain unchanged even in the forecast period. South Korea and Taiwan are the other torchbearers. China backs on low-cost materials being available. India rides on availability of cheap labor.
  • North America holds the largest market share with the US being subject to notable investments in manufacturing automobiles with various cutting-edge features.
  • Europe is led by Germany with passenger vehicles’ higher sales in combination with supporting rules for producing and using vehicles. The status quo is expected to remain unchanged even going forward.

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Competitive Analysis

  • Mercedes-Benz, in January 2021, did give a huge order to KUKA to engineer, build, assemble, and commission numerous body in white manufacturing lines for an influx of Mercedes vehicles all over North America.
  • ThyssenKrupp, in March 2021, came up with its business unit called ‘Automotive Body Solutions’; which emphasizes on assembly solutions with creating lightweight body components for the clients in car vertical.
  • Magna Cosma Casting, in April 2021, did announce that it was on the verge of spending US$ 31.9 Million for building close to 50K square feet of Battle Creek Factory for creating more manufacturing capacity regarding lightweight automobiles.
  • Autokiniton Global Group, in July 2019, acquired Tower International Inc.at US$ 900 Million.
  • Gestamp, in June 2019, did inaugurate a novel plant at Nitra (Slovakia). It specializes in aluminum. This plant is known for producing various skin panels and body’s structural parts using aluminum in conjunction with steel.
  • Benteler, in June 2019, tabled a novel plant at Mos (Spain). It’s, since then, a part of its automotive division and would be producing rear-axle components for a new-fangled platform for PSA. The production would also focus on painting, welding, and laser cutting.
  • Kirchhoff Automotive, in May 2019, came up with second plant at Piteti (Romania). The plant is known for supplying stamping parts to European Kirchhoff Automotive’s locations.
  • Marelli Talbros Chassis Systems, in January 2021, announced that it received multi-year orders from a big car manufacturer based out of Europe to supply body in white design parts.
  • NIO Inc., in April 2021, completed manufacturing the first body in white part of ET7 sedan at its production site at Hefei (Anhui Province).

Kirchhoff Automotive GmbH, Benteler International, ThyssenKrupp AG, Voestalpine AG, Martinrea International Inc., Gestamp Automocion, Magna International Inc., CIE Automotive, Autokiniton Global Group, H-One Co., Ltd., JBM Auto, Dura Automotive Systems, Futaba Industrial Co., Ltd., Shiloh Industries, and Multimatic Inc. are a few of the leading businesses operating in the market.

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What does the Report state?

  • The research study is based on product type (body structure (bumper beam, crossmember, roof frame, cross car beam, and likewise), body component (quarter panel, floor panel, and rocker panel), and chassis), and by vehicle type (passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs)).
  • Aluminum is being increasingly used for manufacturing lightweight vehicles. This factor is expected to drive the demand for aluminum in automotive body in white market in the forecast period.

Automotive Body in White Market by Category

By Product Type:

  • Body Structure
    • Bumper Beam
    • Crossmember
    • Roof Frame
    • Cross Car Beam
    • Others
  • Body Component
    • Quarter Panel
    • Floor Panel
    • Rocker Panel
  • Chassis

By Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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:        

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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Automotive Performance Part Market Size Worth US$ 5,80,711.00 million by 2034

The global automotive performance part market size is projected to be worth US$ 5,80,711.00 million by 2034. According to the estimates, the market is anticipated to exhibit a 4.70% CAGR until 2034. In 2024, the automotive performance part market size is valued at US$ 3,66,854.20 million.

Manufacturers in this market are able to provide cost-effective products and record sales growth because of the competition in China, India, Thailand, and Vietnam. With the advancement of technology and swift development occurring in the field of logistics, many manufacturers are now able to supply high-quality items faster and across a variety of regions.

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The expanding market for used cars in the United States further bolsters the maintenance and repair segment of the automotive performance parts market during this period. In the past couple of years, owing to rising vehicle ownership and a surge in car collisions, replacement parts dominated the automotive performance parts market, thus contributing immensely to the overall growth of the target market.

Moreover, rapid transformation in lifestyles and a growing desire for useful and progressive technology-based products are propelling consumer growth for the target market. The automotive performance parts are more appealing than ever as they are readily available. A heightened use of use of gauges, switches, and audio/video devices has resulted in the market domination of the interior segment which, in turn, contributes to the growth of the automotive performance parts market during the forecast period.

“Rising vehicle ownership coupled with escalating demand for passenger cars will propel the global growth of the automotive performance parts market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The automotive performance parts market in the U.S. will account for 87% of the market share in North America.
  • By suspension parts, sales of the shock absorbers segment will grow at 4.6%
  • Sales of torque converters will register a CAGR of 5.8%.
  • The air filters segment will grow at a CAGR of 4.2%.
  • High demand for passenger cars will push the target market growth in China.

 

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Competitive Landscape 

Tenneco Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Mahle GmbH, Donaldson Company Inc., Holley Performance Products, MITSUBISHI HEAVY INDUSTRIES, LTD., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, and Hyundai Mobis, among others are some of the major players in the automotive performance parts market profiled in the full version of the report.

Leading market players are focusing on adopting new strategies such as internet sales channels. Some of the other businesses are offering customizations and concentrating on expanding their businesses to gain a competitive advantage.

Key Segments

By Product Type:

  • Exhaust Systems
    • Headers
    • Mufflers
    • Oxygen Sensors
    • Exhaust Pipes
    • Catalytic Converters
  • Suspension Parts
    • Suspension Bushing
    • Sway Bars
    • Shock Absorbers
  • Brakes
    • Brake Pads
    • Brake Rotors
    • Brake Caliper
    • Brake Lines
    • Brake Master Cylinders
    • Vacuum Pumps
  • Fuel Air & Intake Systems
    • Air Filters
    • MAF Sensors
    • Intake Manifold
    • Throttle Bodies
    • Fuel Filters
    • Spark Plugs
    • Fuel Injectors
    • Fuel Pumps
  • Transmission Parts
    • Clutch Pressure Plates
    • Flywheels
    • Torque Converters
    • Clutch Linkage

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  • Power Adders
    • Turbochargers
    • Intercoolers
    • Nitrous Oxide Systems
    • Superchargers

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • First Fit
  • Aftermarket

More Insights into Automotive Performance Parts Market Report

In its latest report, FMI offers an unbiased analysis of the global automotive performance parts market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (exhaust system (exhaust pipes, catalytic converters, oxygen sensors, mufflers, headers), suspension parts (suspension bushing, sway bars, shock absorbers), brakes (brake pads, brake rotors, brake caliper, brake lines, brake master cylinders, vacuum pumps), fuel air & intake systems (fuel filters, throttle bodies, intake manifold, MAF sensors, air filters, fuel pumps, fuel injectors, spark plugs), transmission parts (clutch pressure plates, clutch linkage, torque converters, flywheels), power adders (turbochargers, intercoolers, nitrous oxide systems, superchargers)), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles), sales channels (first fit, aftermarket), and region.

According to the latest FMI reports, based on segmentation, the shock absorbers segment will register a CAGR of 4.6% propelled by the rising global demand. The torque converters segment will grow at 5.8% CAGR while the sales of air filters will also record a spike during the projected period.

Based on region, the automotive performance parts market in China will demonstrate substantial growth during 2022-2032. Owing to the presence of top manufacturers of automobile performance components, the country is expected present an opportunity of US$ 38 Bn. The target market in this region will hold the largest market share in East Asia. Other countries like Japan, Spain, and the United States will exhibit notable growth over the forecast period.

Author

 

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

 

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

 

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

 

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:        

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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Automotive Seat Heater Market Size to Hit US$ 5,790.8 million by 2033

The global Automotive Seat Heater Market Size reached US$ 2,871.1 million in 2022. Over the forecast period, global automotive seat heater demand is anticipated to rise at a 6.7% CAGR. Total market value is predicted to increase from US$ 3,030.0 million in 2023 to US$ 5,790.8 million by 2033.

The market for car seat heaters is expanding due to the escalating rivalry in the automotive sector. The availability of straightforward financing for purchasing a vehicle and increased consumer income & affordability are other key reasons propelling the market. Moreover, the expansion of the automotive sector moves the global market’s growth.

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Increasing demand for energy-efficient & comfortable cars, inclination toward premium passenger cars, and acceptance of carbon fiber technology are a few factors expected to propel the automotive seat heater market. The industry is expanding because of the health advantages, which include instantaneous warming and comfort from sore backs. The market is expanding due to the rising aftermarket sales of car seat heaters.

Vehicles with this technology have a feature that allows the driver to customize the temperature of the cushion and backrest independently. Since automotive seat heaters are a relatively new technology, they could not be available in older cars. Nevertheless, with the help of experts providing auto upgrade services, the modifications can be made after the sale. This can also be accomplished with several seat heating kits available.

Seat warmers operate through electrical heating components integrated into the seat cushion or the backseat. In general, the materials are safe and very electrically resistant. Converting electrical energy into thermal energy provides comfort for the seaters. Throughout the forecast period, the automotive seat heater market is expected to surge due to advancements in technology and sophisticated features like adjustable heating levels and controlled, constant warmth.

Key Takeaways from the Market Study-

  • The global demand for automotive seat heaters is expected to reach US$ 5,790.8 million by 2033.
  • The market is expected to rise at a CAGR of 6.7% from 2023 to 2033.
  • The United States is projected to reach a market valuation of US$ 1,154.4 million by 2033.
  • Based on region, China is expected to reach US$ 288.9 million by 2033.
  • Based on application, the driving seat segment reached a valuation of US$ 1,902.5 million in 2023.

“Due to increasing sales of electric vehicles, the automobile seat heater market is expected to experience high growth through the forecast period. Seat and steering wheel heaters are standard for most electric vehicles to heat a car area without warming the interior. Regarding additional amenities, it is among the best features electric cars (EVs) provide.” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Competitive Landscape

Continental AG, Panasonic Corporation, Gentherm Incorporated, and II-VI Incorporated are the leading manufacturers and suppliers of automotive seat heaters listed in the report. Prominent automobile seat heater manufacturers are allocating resources toward ongoing research to provide novel items and augment their manufacturing capabilities to satisfy consumer demand. To increase their presence, they also tend to implement growth strategies such as collaborations, acquisitions, mergers, and facility expansions.

Key Companies Profiled

  1. Continental AG
  2. Panasonic Corporation
  3. Gentherm Incorporated
  4. II-VI Incorporated
  5. Seat Comfort Systems, Inc.
  6. Roadwire LLC
  7. Rostra Precision Controls Inc.
  8. Firsten Automotive Electronics Co., Ltd.
  9. Lear corporation
  10. Guangzhou Tachibana Electronic Co., Ltd.

Recent Developments –

  • In July 2022, II-VI Incorporated acquired Coherent, forming a global leader in materials, networking, and lasers.
  • In August 2020, Lear and Gentherm introduced INTU™ Thermal Comfort Seating with ClimateSense™ Technology.

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Automotive Seat Heater Market Segmentation

By Product Type:

  • Carbon Fiber Seat Heater
  • Resistance Wire Seat Heater

By Vehicle Type:

  • Compact
  • Mid-size
  • Luxury
  • SUVs
  • Commercial Vehicle
  • Recreational Vehicle

By Application:

  • Driving Seat
  • Passenger seat

By Heat Setting:

  • Fixed Setting
  • Variable Setting

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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:        

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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Automotive Windshield Washer System Market Worth US$ 34.2 billion by 2033

By 2033, the market for Automotive Windshield Washer System Market is anticipated to grow at a considerable CAGR of 5.0%. Market share is anticipated to rise from US$ 21 billion in 2023 to US$ 34.2 billion by 2033, according to FMI statistics.

The car has a control switch, which could be operated for spraying washer fluid onto windshield, especially by making use of electrical pump through jets mounted underneath wiper blade or windshield. These windshield wipers could be turned ‘on’ on an automatic basis, thereby cleaning debris and dirt off windshield.

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In cool climate, washer fluid could be pre-heated prior to getting delivered onto windshield. This happens when thin layer of frost or ice gets accumulated on the surface of windshield, especially as it does away with manually scrapping windshield or pouring warm water on glass. These pre-heat devices are available as a part of aftermarket services, but some makers of automobiles do provide this feature beforehand.

The present scenario is such that IoT is being integrated successfully with automotive systems and components for interacting with internal systems and their surroundings Rain-sensing wiper system is witnessing a remarkable demand, so as to offer synchronized system that would integrate rain-sensing wiper technology and weather forecast. The mid-sized cars are expected to increasingly adopt automotive windshield washer system. Along these lines, compact sedan carline from Volkswagen called ‘Ameo’ does come with ‘rain-sensing wipers’. Chevrolet Impala from General Motors has extra features like rear audio controls, folding side mirrors, and rain-sensing wipers.

The market participants are also into floating new manufacturing plants in the emerging economies. For example –Audi AG began manufacturing Audi Q5 at San Jose Chiapa (Mexico). BMW AG did announce plans for establishing a plant at San Luis Potosi (Mexico). Ford Motor Company did announce plans along the similar grounds (US$ 1.6 Bn). Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Automotive Windshield Washer System Market’. The analysts and consultants are with their bottom-up approach to execute.

Key Takeaways from Automotive Windshield Washer System market

  • Europe holds the largest market share with Germany leading from the front. This could be credited to car owners likely to stock the products for keeping windshields crystal clean at the time of long rides. The frequency of travel has increased for both – work and leisure. On these grounds, collaborating with tech companies is on the anvil. The UK and France stand second.
  • North America holds a significant market share. This could be credited to growing production as well as sales of vehicles along with growing vehicle parc.
  • As far as the Asia-Pacific is concerned, Japan dominates the market. This could be reasoned with increasing number of automobile manufacturers all across the country.

Competitive Analysis

  • Lincoln Aviator, in December 2019, did launch heated wiper blades for keeping windshields off snow and ice.
  • Mitsuba is continuously evolving with centralized control over mechanisms and motors. They do have a global network as a part of manufacturing and development system. They, as such, would be continuing to provide a plethora of lightweight, compact, power-efficient, and quiet products for electrification of vehicles.
  • DENSO Corporation announced that its two subsidiaries, namely Asahi Manufacturing Co., Ltd. would merge with Nippon Wiper Blade Co., Ltd. in October 2019 for starting DENSO Wiper Systems, Inc.

“Automotive windshield washer system is dependable, inexpensive, long-lasting, and above all – easy to install and assemble. These factors are expected to keep the cash registers ringing for automotive windshield washer system market in the forecast period”, says an analyst from Future Market Insights.

Key players are:

HELLA GmbH & Co. KGaA, Continental Aktiengesellschaft, Mitsuba Corporation, DENSO Corporation, Trico Products Corporation, Kautex Textron GmbH & Co. KG., ASMO CO., LTD., Mergon Group, Doga S.A., Exo-s, Inc.,

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Key Segments

By Capacity:

  • 1.5- 2 liter
  • 2- 3 liter
  • 3- 4 liter
  • 4- 5 liter
  • Above 5 liter

By Sales Channel:

  • Original Equipment Manufacturer
  • Aftermarket

By Technology:

  • Electrical
  • Mechanical

By Vehicle Type:

  • Passenger Cars
  • LCV
  • HCV

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • Middle East and Africa

What does the Report enclose?

  • The research study is based on capacity (1.5 2 2 liter, 2 – 3 liter, 3 – 4 liter, 4 – 5 liter, and above 5 liter), by sales channel (OEMs and Aftermarket), by technology (electrical and mechanical), and by vehicle type (passenger cars, LCV, and HCV).
  • With growing demand for comfortable driving, the global automotive windshield washer system market is expected to grow on an astonishing note in the near future.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Automotive Battery Management System Market Poised to Register 25.6% CAGR through 2027

According to ESOMAR-certified Future Market Insights’ (FMI), The Automotive Battery Management System Market Size is anticipated to register a CAGR of 25.6%. It is predicted that the market for car battery management systems will grow from US$ 3.8 billion in 2023 to US$ 37.4 billion by 2033.

In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

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In order to manage lithium-ion batteries, which have higher energy densities and longer operating lives than conventional batteries, EVs, HEVs, and electric motorcycles employ battery management systems. Throughout the projection period, the expansion of the electric vehicle industry is also predicted to offer significant opportunity for EV component producers of automotive battery management systems.

 “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

Key Takeaways of Automotive Battery Management System Market Study

  • Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
  • With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
  • APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
  • Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
  • Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
  • Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.

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Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it.

Key Players Operating in Automotive Battery Management System Market Include:

Continental Ag, Dana Limited, Gentherm, Hanon Systems, Mahle Gmbh, Nxp Semiconductors, Renesas Electronics Corporation, Robert Bosch Gmbh, Valeo, Marelli Holdings Co., Ltd.

Key Segments Covered in the Automotive Battery Management System Market Report

By Vehicle Type:

  • Electric Vehicle
  • Golf Karts
  • Electric Bikes

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By Connection Topology:

  • Centralized
  • Distributed
  • Modular

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Future Market Insights Inc.
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Chickpea Protein Market on Track for Significant Expansion, Estimated to Reach USD 165.1 Million by 2033

Commercial Charbroiler MarketThe global chickpea protein market is predicted to register a CAGR of 5.1% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 100.9 million in 2023 to US$ 165.1 million by 2033 end.

Chickpea protein consumption is anticipated to increase due to increasing demand from the food industry. The extensive use of chickpea protein in the food and pastry kitchen industry is expected to positively influence over the next 10 years. An increasing shift in food consumption patterns favoring meat electives and prepared food items is predicted to stimulate market growth.

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Development of alternative meat formulations for categories like snacks, dressings, etc., is forecast to catalyze market development in the coming years. The affordability, versatility, and nutrient-rich properties of chickpeas are expected to help the market incline forward. The usage of chickpea protein for weight management, safety from chronic diseases, and stimulating other aspects of health is projected to push the market growth in the years to come.

Top Highlights from the FMI’s Analysis of the Chickpea Protein Market: 

  • North America is assessed to lead the global market over the next 10 years. The United States chickpea protein industry is projected to attain US$ 53.6 million by 2033. The CAGR assumed for the United States market is anticipated to be 7% over the forecast period.
  • In the Europe region, Germany is projected to hold a significant market percentage. The German market is anticipated to attain US$ 13.21 million by 2033. Over the forecast period, the market is expected to expand at 4% CAGR.
  • The United Kingdom market is predicted to attain US$ 8.3 million by the end of 2033. Over the upcoming years, the market is anticipated to register a 6% CAGR.
  • In the European region, the Spain market is expected to exhibit significant growth, expanding at a CAGR of 2% over the forecast period. The market is set to achieve a market valuation of US$ 7.1 million by 2033.
  • Within the Asia Pacific region, China’s contribution is anticipated to stand out. By the end of 2033, the China market is expected to attain US$ 17.8 million. The market is projected to perceive a growth rate of 4% over the forthcoming years.
  • The protein isolates segment, based on product type, is expected to register a 4% CAGR, up from the 3.6% CAGR observed in the historical period.
  • The conventional chickpea protein vertical, based on nature, is projected to expand at a CAGR of 5% from 2023 to 2033, lifting from the 3% CAGR witnessed in recent years.

Key Developments Stirring Up the Marketplace

  • In March 2023, new, innovative food products developed using InnovoPro’s chickpea protein are planned to be showcased in snacks, dressings, dairy, and meat alternatives categories. These newly developed products are expected to be showcased at Natural Products Expo West 2023.
  • In September 2022, Ingredion Inc. announced its equity stake in InnovoPro, a chickpea ingredient developer.

Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Chickpea Protein Market Segmentation

By Product Type:

  • Protein Isolates
  • Protein Concentrates
  • Flour
  • Other Product Types

By Nature:

  • Organic
  • Conventional

By End User:

  • Food Processing
    • Bakery & Confectionery
    • Meat Alternatives
    • Functional Foods
    • Dairy Replacements
    • Infant Foods
    • Other Food Applications
  • Animal Feed
    • Livestock
      • Cattle
      • Swine
      • Poultry
    • Pet Food
    • Aquafeed
  • Nutraceuticals
  • Sports Nutrition
  • Infant Nutrition

By Processing Type:

  • Dry Processing
  • Wet Processing

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
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Jordan Faith-Based Tourism Market: Growing at a 15.5% CAGR by 2033, Insights into Regional Parent Market Outlook | FMI

Jordan Faith-based Tourism Market
Jordan Faith-based Tourism Market

The Jordan faith-based tourism market is expected to increase from USD 179.03 billion in 2023 to USD 756.37 billion by 2033.

The spending power of people has increased, as has internet and credit card penetration, government drives to promote tourism, and the rise of new online segments. Growing population, increasing disposable income, and growing consumer awareness about travel destinations drive the tourism market.

Moreover, low-cost air travel, an increase in leisure travel, and a rise in a variety of international travel destinations are a few more factors that bolster the religious tourism market further. As more segments migrate to digital channels, the online travel market is approaching maturity. Gross reservations for online travel are estimated to expand by double digits, outpacing the overall travel market.

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With the advent of the internet and the rise of artificial reality (AR), the online travel sector in India is fast evolving. An increasing number of people in India are turning to the convenience of the web for better travel pricing and lodgings.

The increasing penetration of international flight and hotel reservations given by online portals such as Clear trip, MakeMyTrip, Yatra, and others may account for most of the increase in the online travel sector.

An increase in user demand is also a factor, as consumers in India are predicted to spend nearly 4% of their disposable income on travel. The mix of travel and transportation offerings, including airport transfers and holiday packages, is significantly expanding.

The government’s regional airport development initiative promotes connectivity to smaller cities and towns, which is the most significant continuing development in India. The burgeoning tourist industry, as well as the rising penetration of internet usage and smartphone users across various countries, are driving the online travel market in India.

Furthermore, expanding urbanization, rising per capita income, economic expansion, and a movement in customer lifestyle toward more enhanced services and comfort are the factors estimated to have a beneficial impact on market growth.

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Key Takeaways

  • Jordan faith-based tourism market is expected to expand at a CAGR of 15.5% during the forecast period 2023 to 2033.
  • The rising popularity of diving destinations, new tour launches, personalized trips, and other factors are pushing market sales.

Key Companies Profiled

  • Jordan Select Tours
  • Sherazade Travel & Tourism Jordan
  • Jordan Society of Tour Travel Agents
  • Zaid Tours and Travel
  • Jordan Private Tours and Travel
  • Platinum Travel
  • UTA Jordan
  • Jordan Society of Tourism & Travel Agents (JSTA)
  • Nebo Tours
  • Jordan Tours & Travel/ Amman
  • Petra Travel & Tourism Co
  • Jordan Direct Tours
  • Dakkak Tours International
  • Green Meadows Travel & Tourism
  • AI Tahad Travel & Tours

Key Development

  • MakeMyTrip introduced the myPartner platform in August 2020 to support travel agents in providing superior travel booking experiences to passengers. MyPartner is a platform designed to give local travel agencies access to one of the most comprehensive collections of online travel inventory. While digitizing the day-to-day booking procedures of all offline travel agents, myPartner was designed and constructed to serve the local travel industry outside of metro areas.
  • In June 2021, Oyo, along with online travel providers such as Yatra, Airbnb, and EaseMyTrip, formed an organization to investigate the problems encountered by small hotel owners and promote in a country still recuperating from the pandemic, new tourist models are emerging. The Confederation of Hospitality Technology and Tourism Industry (CHATT) is estimated to assist small and medium hotels and homeowners across India in using technology to revitalize their operations.
  • In 2019, TripAdvisor LLC Expedia Group formed a strategic alliance with Trip.com Group to increase their global collaboration. Through this collaboration, the company hoped to broaden its reach and assist Chinese outbound tourists in organizing more meaningful vacations.
  • Expedia Group partnered with Chase Card Services in 2018 to improve the Chase Ultimate Rewards travel hub with expanded features, an improved redemption facility, and more options.
  • Booking.com agreed in October 2022 to hire 100 people for its newly created Centre of Excellence in Bengaluru by the fiscal year 2022.
  • Thomas Cook (India) Ltd., strengthened its presence in the India market in February 2018 by adding 8 new outlets in 2017, expanding the company’s distribution and reach in South India to 50 customer access centers: 23 owned branches and 27 Gold Circle Partner (franchise) outlets.

Market Segmentation by Category

Tourism Type:

  • Day Trips & Local Gateways
  • Museums
  • Pilgrimages
  • Religious and Heritage Tours
  • Others

Booking Channel:

  • Phone Booking
  • Online Booking
  • In-person Booking

Tourist Type:

  • Domestic
  • International

Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

Consumer Orientation:

  • Men
  • Women
  • Children

Tour Type:

  • Independent Travelers
  • Tour Groups
  • Package Travelers

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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Global Lentil Protein Market Projected to Hit USD 208.3 Million by 2033, Growing at 5.1% CAGR | FMI

The global lentil protein market is estimated to have a CAGR of 5.1% during 2023-2033, with a market size of US$ 208.3 million by 2033. The market in 2023 is likely to be around US$ 129.4 million.

Lentils are a part of the legume family, and lentil protein is derived from lentils. Lentil protein is a plant-based protein source with a strong nutritional composition that offers several health benefits. The protein and fiber content in lentils is high, which caters to the increasing awareness of plant-based protein-rich food products leading to a boost in demand for lentil protein.

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The consumer behavior pattern towards food consumption is shifting toward a more affordable and healthy plant-based protein. This shift towards veganism and environmentally friendly nutrition fuels the growth of lentil proteins in developed countries.

According to FMI research, excessive eating of meat may increase the risk of heart disease. This is another consideration that’s driving people to turn towards veganism. Thereby increasing the demand for lentil protein. Approximately 88 million people (about twice the population of California) turn to veganism as of 2023. The rising cases of obesity, diabetes, and heart disease have increased awareness among consumers, and they are actively looking for healthier lifestyle changes, including major changes in their food consumption habits.

Demand drivers of the market

  • Increasing awareness and growing health consciousness.
  • Adoption of veganism
  • Allergen-friendly and food sensitivity considerations
  • Increasing marketing efforts and education campaigns

Roadblocks in the growth of the market

  • Competition from other plant-based proteins
  • Limited consumer awareness about viable alternatives
  • Price sensitive consumers
  • Distinct taste and texture

Opportunities available for growth

  • Collaboration between manufacturers, food processors and food companies.
  • Expansion into the emerging market regions.
  • Leverage on the growing health and wellness industry
  • Incorporation in the food and hospitality industry

Threats in the market

  • Regulatory hurdles and labeling requirements
  • Adverse agricultural conditions
  • Ingredient supply and availability challenges
  • Competition from other plant-based proteins with strong consumer recognition

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Key Takeaways

  • India is expected to maintain a CAGR of 5.9% through 2033.
  • The growth in the lentil protein market of Germany in 2022 is calculated to have a CAGR of 9.0%.
  • The CAGR in the historical period from 2018 to 2022 was 4.1%, which is expected to grow through 2033 to about 5.1%.
  • The global market size is projected to be about US$ 208.3 million by 2033.

Competitive Landscape

The demand for gluten-free, organic, and vegan food continues to increase worldwide, which would require alternative plant-based proteins, thereby creating a conducive growth environment for market players. In order to leverage the opportunity, market players resort to innovation. However, the production price of lentil protein is higher, which may limit small and mid-level players to an extent.

Europe and North America are expected to continue being key market regions for lentil proteins. These regions show remarkable growth for the players in the market. Companies in Latin America and the Middle East are estimated to drive the market by creating more awareness of plant-based proteins’ health benefits and a healthy lifestyle.

Recent Developments in the Market

  • A US$ 40 million investment was announced by Roquette Freres Le Romain in its Vic-sur-Aisne facility in June 2018 to increase pea processing capacity and respond to a rapidly growing market.
  • In May 2019, a joint venture partnership with an investor group to build a new US$ 65 million commercial production facility for pea and canola proteins in Western Canada by Burcon NutraScience Corporation.

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Key Segment

By Product Type:

  • Protein Isolates
  • Protein Concentrates
  • Flour
  • Other Product Types

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food Processing
  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacements
  • Infant Foods
  • Other Food Applications
  • Animal Feed
  • Pet Food
  • Aquafeed
  • Nutraceuticals
  • Sports Nutrition
  • Infant Nutrition

By Processing Type:

  • Dry Processing
  • Wet Processing

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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.

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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Future Trends: CBD Oil Market Set for 31% CAGR Growth Between 2023 and 2033

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

The primary reasons propelling the market’s growth include rising demand and expanding legalization of cannabis, emerging applications of cannabis in cancer treatment, and the health advantages provided by products infused with cannabis. In the upcoming years, there are likely to be considerable development prospects for market participants due to the inclusion of cannabis in pet food and the rising demand for beverages with cannabis flavoring.

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Cannabis is also the illicit substance that is grown, transported, and misused the most extensively worldwide. Broad cannabis use, both for recreational and therapeutic purposes, has received increasing acceptability across the United States, as indicated by legislative actions, ballot measures, and public opinion polls. In particular, a recent Quinnipiac University poll found that 55% of the United States people surveyed supported cannabis legalization without any new restrictions. Comparatively, 82% of survey participants supported the decriminalization of cannabis for medical use. Demand will progressively rise as legalization continues to spread globally, boosting the expansion of the CBD-infused products market as a whole.

Competitive Background:

The key players operating in the CBD oil market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the CBD oil market. As a result, market participants are likely to have a better overall revenue share in the global CBD oil market.

Key Takeaways:

  • The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.
  • The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.
  • The CBD oil market is predicted to record a CAGR of 31% through 2033.
  • The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.
  • The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

Significant Players in the Market Include:

  • CV Sciences
  • Medical Marijuana
  • Aurora Cannabis
  • Canopy Growth Corporation
  • Canntrust
  • Tilray
  • Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

  • CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.
  • One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

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Key Segments Covered in CBD oil Market Study

Product Type:

  • Hemp Oil
  • Marijuana Oil

Application:

  • Pharmaceuticals
  • Food & Beverages
    • Gummies
    • Chewing Gums
    • Chocolate bars
    • Candies
    • Beverages
    • Dairy Products
    • Bakery Products
    • Snacks
  • Cosmetics
  • Others

Distribution Channel:

  • Direct/B2B
  • Indirect/B2C
  • Hospital Pharmacy
  • Retail Pharmacy
  • Hypermarkets/Supermarkets
  • Convenience Store
  • Online Retail
  • Others

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.

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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