Compound Chocolate Market Forecast: Leveraging Trends and Demand Dynamics for High Growth by 2032

The global compound chocolate market is set to witness growth at a CAGR of 6.7% over the forecast period (2022-2032) and top a valuation of US$ 50.5 Bn by 2032.

The growing trend of natural and organic food products in the food and beverage sector is likely to drive the compound chocolate market. Chocolate compound manufacturers in the market are actively introducing organic or natural chocolate flavoring compounds.

Additionally, demand for compound chocolate is on the rise owing to the presence of high polyphenol levels in cocoa or chocolate that are nutritionally beneficial. Furthermore, several epidemiological studies have observed that the intake of dark chocolate rich in polyphenols can prevent heart-related diseases.

This in turn is increasing importance of dark chocolate flavouring compounds. Alongside this, key participants are aiming to develop chocolate compounds that are not only low in sugar but are also lactose-free.

Another important strategy is the repositioning of the chocolate flavoring compounds by marketing it with clean label tagline. This will allow the consumers to indulge yet fulfill their health-related diet regime.

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The chocolate flavoring compounds are also being marketed as premium products amid growing preference for premium products. On the back of these factors, the demand for compound chocolate is predicted to show an impressive rise in the near future.

Key Takeaways

  • Europe is expected to dominate the global compound chocolate market, accounting for market share of about 28% by 2022, followed by North America
  • France is expected to account for demand share of nearly 24% in Europe compound chocolate market
  • By product type, milk chocolate is expected to account for the lion’s share of the global market by the end of 2022
  • Online channel is expected to show an impressive growth as compared to all the other channels over the assessment period (2022-2032)

 “Increased consumption of milk chocolate for various applications in chocolate-based confectionery items, shakes, cakes, croissants, and hot chocolate will surge the demand for compound chocolate over the upcoming decade.”, says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.

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

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Global Compound Chocolate By Category

By Product Type:

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate

By Form:

  • Choco Chips
  • Chocolate Coating
  • Chocolate Slab
  • Other Forms

By Application:

  • Bakery and Confectionery
  • Ice Cream and Frozen Desserts
  • Chocolate Beverages
  • Snacks
  • Sauces and Spreads
  • Other Applications

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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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Gluten-Free Pasta Market Envisioned to Reach US$ 18,046.5 Million by 2033 | FMI

In recent years, the gluten-free diet has gained significant popularity as more people become conscious of their dietary choices and seek healthier alternatives. One particular segment that has witnessed remarkable growth is the gluten-free pasta market.

The increasing awareness about gluten-related health issues has prompted several individuals to adopt gluten-free diets.

Notably, millennials and Gen-Zs, who prioritize their well-being and are more conscious of the foods they consume, play a significant role in driving the demand for gluten-free pasta.

The gluten-free pasta market has evolved significantly, with manufacturers introducing a diverse range of products to cater to various dietary preferences and needs.

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From traditional grain-based alternatives like rice and corn to innovative options like quinoa, lentil, and chickpea-based pasta. There is now a wide selection available for consumers to choose from.

Supermarkets, health food stores, and specialty stores now stock a wide assortment of gluten-free pasta options, making them easily accessible to consumers worldwide. Furthermore, the rise of e-commerce platforms has further contributed to the market’s accessibility. Allowing individuals to conveniently purchase gluten-free pasta from the comfort of their homes.

Fresh gluten-free pasta is predicted to dominate the market, accounting for around 56.9% share in 2022. Dried gluten-free pasta is projected to experience a substantial growth rate of 5.7%, driven by increasing demand for longer shelf-life products.

Brown rice pasta is expected to be the leading product type, holding more than 50.0% share in 2022 and capturing a CAGR of 3.1%. Multigrain pasta holds a significant share of 27.5% in the market, appealing to health-conscious consumers seeking nutritious options.

The United States is expected to have an 18.9% share, driven by a high prevalence of gluten intolerance. Italy is projected to hold a 21.8% share, fueled by the consumption of packaged food among millennials and Gen-Zs.

India is anticipated to hold a prominent share of 30.3% in South Asia, benefiting from the penetration of the e-commerce industry and growing consumer awareness.

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Competitive Landscape

Given the existence of domestic and international firms in this sector, the gluten-free pasta industry is very competitive. Barilla G. e R. Fratelli S.p.A., Jovial Foods, Inc., Ebro Foods, S.A., The Hain Celestial Group, Inc., and The Kraft Heinz Company are the industry’s leading participants.

To sustain premiumization, key companies focus on product development and innovation to suit the expectations of consumers by offering a diversity of flavors and product quality. Some key player’s primary strategy is mergers and acquisitions. The goal of these strategies is to maintain their product quality and leadership in the industry.

Recent Developments in the Market

  • The Artisan Olive Oil company introduced its new Mediterranean artisan brand. Organic pasta and gluten-free pasta from the Piedmont region in northern Italy, in the United Kingdom in August 2019.
  • Pamela’s Products, a gluten-free products firm based in California, debuted a range of gluten-free pasta and pasta dinners in August 2017.

Key Companies

  • Bionaturae, LLC
  • Doves Farm Foods Ltd
  • Barilla Group
  • Jovial Foods, Inc
  • Ebro Foods, S.A. Group (Ebro)
  • Quinoa Corporation
  • Dr. Schär AG/SPA (Dr. Schär)
  • The Hain Celestial Group, Inc. (Hain Celestial)
  • RP’s Pasta Company
  • The Kraft Heinz Company (Heinz)

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Key Segments Covered in the Gluten-free Pasta Market Report

By Category:

  • Fresh
  • Dried

By Product Type:

  • Chickpea Pasta
  • Multigrain Pasta
  • Brown Rice pasta
  • Quinoa Pasta

By Distribution Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Discount Stores
    • Food and Drink Specialty Stores
    • Independent Small Groceries
    • E-commerce (Online Retail)

By Region:

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

About Future Market Insights (FMI)

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

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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Candle Air Fresheners Market Set to Reach US$ 602.8 Million by 2032, Analysis Reveals

The global candle air fresheners market is forecast to grow at a CAGR of 3.6% from 2022 to 2032. The sector is expected to be worth US$ 602.8 Million by 2032, up from US$ 423.7 Million in 2022.

Candle based air fresheners remain at the top of the customer chart as the best seller in the market for an air cleaners. Candle-based air fresheners contain these aromatic compounds comprising ethanol, aqueous deionized water, and flammable hydrocarbon aerosols.

Building a case demands the higher flying and relevant air care and indoor air quality concerns that motivate the sales of air fresheners. Increasing consumer demand for scented products such as plug ins, beads; gels and candles along with the rising demand of freshners in the offices, houses to create a favourable atmosphere supports the rising market of air freshener candles. The sales of candle air fresheners are up following the increasing consumer demands for aromatherapy and the continued human lives of higher end including luxury lifestyles in everyday lives.

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Furthermore, new developments, increasing disposable incomes, changing lifestyles, and increased acceptance of luxury products are all set to benefit the scented candle air fresheners market. Furthermore, increased use of candle air fresheners in hospitals and healthcare centres as well as a preference for a high-end lifestyle, provide lucrative prospects for candle air freshener manufacturers from 2022 to 2032.

Market companies’ strategic activities have included new product releases, product differentiation, and acquisitions. Procter & Gamble, for example, has introduced a new automatic air freshener. One of the new technologies is P&G’s Sci-Fi Air Freshener. Consumers can access and control this product through a smartphone app. The product contains a motion sensor and a febreze plug that allows one of two fragrances to be released from the gadget based on the user’s preference.

Key Takeaways from the Candle Air Fresheners Market Study:

  • The candle air freshener market’s residential segment is estimated to have a 65% share of the current global market and expand at a sluggish 3.4% CAGR during the forecast period.
  • The medium price range product category is estimated to grow at a slow 3.7% CAGR from 2023 – 2033.
  • In 2021, hypermarkets/supermarkets had approximately 23% share of the market.
  • A valuation of US$ 97.7 Mn is expected for the U.S. candle air fresheners market by 2032.
  • China candle air fresheners market is anticipated to expand at a sluggish 3.6% CAGR.

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“Increased prominence of maintaining healthy home and office environments has created an increased demand for candle air fresheners in the market. Moreover, highly fragmented product offerings from manufacturers in the market is appealing to consumers, which is expected to drive the market over the coming years.”- says an FMI analyst.

Who is winning?

Procter & Gamble Co., Reckitt Benckiser Inc., Henkel KGaA, Church & Dwight Co. Inc., SC Johnson & Son Inc., Kobayashi Pharmaceutical Co. Ltd., Godrej Household Products Ltd., Farcent Enterprise Co. Ltd., Newell, Yankee Candles Brands are the major competitors in the market.

Candle Air Fresheners Market by Category

By Customer Type:

  • Individual
  • Enterprise

By Application:

  • Corporate offices
  • Residential
  • Cars

By Price Range:

  • High
  • Medium
  • Low

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Modern trade
  • Multi-brand stores
  • Online Retailers
  • Specialty stores
  • Other Sales Channel

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 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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UHT Milk Market Projected to Grow at 6% CAGR, Hitting US$ 119.792 Billion by 2033

The UHT milk market is expected to be worth US$ 69.09 billion in 2023 and to thrive at a CAGR of 6%. With a growing emphasis on health and wellness, UHT milk sales are predicted to reach US$ 119.792 billion by 2033. The UHT milk industry can benefit from the growing popularity of healthy alternatives to on-the-go beverages.

Several factors have contributed to the consistent rise of the UHT milk business. One of the primary factors is the growing demand for dairy products with greater convenience and longer shelf life. UHT milk does not need to be refrigerated until it is opened. Making it ideal for areas with limited fridge access or where frequent excursions to the grocery store are impractical.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report:
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Accelerating Growth: Key Drivers Propelling the UHT Milk Industry

Several driving forces are causing considerable expansion in the industry. First and foremost, convenience is important because UHT milk does not require refrigeration, providing a longer shelf life and making it easier to store and carry. This convenience appeals to customers who lead hectic lives and have limited access to refrigeration facilities.

Second, because it eliminates the need for constant refrigeration, UHT milk has seen growing demand in areas with limited cold chain infrastructure or unstable power supply. This feature has contributed to the growth of UHT milk markets in underdeveloped countries.

Demand has increased due to a growing taste for longer-lasting dairy products, as well as increased knowledge of food safety and cleanliness. Consumers like the longer shelf life without sacrificing taste or nutrients. These surging dynamics, which include convenience, infrastructural limitations, and customer preferences, are supporting UHT’s milk industry expansion.

Lucrative Opportunities in the UHT Milk Industry

The market offers numerous chances for expansion and growth. For starters, rising urbanization and changing lifestyles in emerging nations increase demand for handy, long-lasting dairy products. Second, increased demand for dairy alternatives and plant-based milk creates opportunities for UHT milk derived from non-dairy sources such as soy, almond, or oat.

Third, the expanding e-commerce industry enables simple access to and distribution of UHT milk products. Packaging advancements and the introduction of value-added alternatives, such as flavored UHT milk or fortified options. Allow an opportunity to respond to a wide range of consumer tastes and nutritional needs.

Regional Outlook

The UHT milk business is well-established and growing in developed nations such as North America and Europe. UHT milk’s convenience and longer shelf life have appealed to consumers who lead hectic lives. The market’s rise has been aided by established cold chain infrastructure and stringent food safety requirements.

The UHT milk market is rapidly expanding across Asia Pacific, Latin America, and Africa’s growing economies. Due to the lack of cold chain infrastructure and inconsistent power supply in these areas, UHT milk is an appealing alternative due to its non-refrigeration requirement. Rising disposable incomes, urbanization, and shifting consumer preferences towards packaged and longer-lasting dairy products have all contributed to increased demand for UHT milk.

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Key Takeaways

  • The United States may own 21.6% of the UHT milk market.
  • Germany maintained its 13.4% market share from 2023 to 2033.
  • Japan might capture 1.9% of the UHT milk industry.
  • From 2023 to 2033, Australia had a 1.2% UHT milk market share.
  • China’s business is expected to thrive at a 9.8% CAGR until 2033.
  • Between 2023 and 2033, the India UHT milk industry is expected to record a CAGR of 10.1%.
  • Between 2023 and 2033, the UHT milk industry in the United Kingdom is expected to register a 7.8% CAGR.

Competitive Landscape

Strong competitors with a diverse product portfolio cause fierce competition among current businesses. The key UHT milk manufacturers have a strong global presence. Consumer brand loyalty gives these companies an advantage.

Consumers in the market are looking for fresh and inventive products to help them with their daily life. UHT milk manufacturers are continuously trying to provide consumers with fresh and unique launches that exactly fit their wants, looking for possibilities in the trend.

Key Segment

By Product Type:

  • Skimmed
  • Whole
  • Partly Skimmed
  • Fat filled

By Form:

  • Powder
  • Liquid

By Distribution Channel:

  • B2B
  • B2C
    • HORECA
    • Specialty Stores
    • Modern Trade
    • Convenience Stores
    • Grocery Stores
    • Specialty Food Stores
    • Online Retailers
    • Other Distribution Channel

By Source:

  • Animal-based Milk
    • Cow Milk
    • Goat Milk
    • Buffalo Milk
    • Other
  • Plant-based Milk
    • Almond
    • Coconut
    • Soy
    • Other

By End-use Application:

  • Infant Formula
  • Dairy Product
    • Butter
    • Cheese
    • Yogurt
    • Milk Powder
    • Ice Cream
    • Others
  • Bakery & Confectionery
  • Milk & Milk-based Beverages
  • Retail Sales

By Region:

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

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Recent Innovations

  • Creamline Introduces Homegrown Dairy Range: UHT Milk, Butter, and Blends

Dairy Group (Pty) Ltd., a South African company, debuted a new range of dairy products under the trademark Creamline in August 2022. UHT milk, butter, and dairy liquid blends are among the items available. Creamline claims that its goods are manufactured from milk processed by its farmers.

  • Hochwald Foods’ New UHT Factory: Expanding Dairy Product Offerings with GEA Group

Hochwald Foods opened a new UHT factory in Mechernich in November 2021. For its product offerings, the company cooperated with GEA Group. With the launch of the new plant, the company can be able to process around 800 million litres of milk per year into dairy products such as UHT milk, UHT cream, and a variety of others.

About Future Market Insights (FMI)

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

Contact Us:        

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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Scented Growth: Analyzing the Projected US$ 1,770.8 Million Gel Air Freshener Market by 2032

The global gel air fresheners market is estimated to reach US$ 1,291.1 Million in 2022 and is predicted to be valued at US$ 1,770.8 Million by 2032. The market is expected to witness moderate growth at a CAGR of 3.2% from 2022 to 2032. The market for gel air fresheners currently holds approximately 30% to 35% of the share in its parent market, i.e., the air freshener market.

The market is growing at a fast rate because it may be used anywhere like in buildings, homes and cars for keeping a suitable temperature. The world market of gel air freshener has been growing fast during the last years as a result of the faster changes in the human behavior and the mentality

Prospects for increases in the range of fragrance products will most probably contribute to the growth in demand the most. Nowadays, the needs for aromatherapy are increasing but it will also have an important contribution to the forecasted time-frame.

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Asthma and allergies are some chronic conditions that some people suffer from. Products with chemicals are harmful to health. As a result , air fresheners made from organic fresh produce have become  very popular around the world. Essential oils, organic candles and other chemical-free products are expected to be widely available in the market.

Consumer acceptance of the product has accelerated the gel air freshener market. Additionally, the gel air freshener market is growing due to increasing awareness of maintaining indoor air quality and customer acceptance of naturally smelling products.

In addition, the market growth has been significantly impacted by the economic crisis in major industrialized countries over the past five years. However, the market is likely to be heavily impacted by new product launches and an improving economy over the next decade.

Key Findings from the Gel Air Fresheners market study:

  • In the historical period from 2017 to 2021, the global gel air freshener market exhibited a CAGR of  2.8% .
  • The US gel air freshener market is expected  to witness  moderate growth at a CAGR of 2.7% during the forecast period .
  • In China, gel air freshener sales are forecast to  grow  at CAGR 6.5% over the estimated period .
  • During the assessment period, India is expected to show   and dominate in the South Asia region.
  • Based on application, the residential category is expected to be the global leader in gel air fresheners  from 2022 to 2032 at a CAGR of ~3.7% .

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“Consumers are willing to pay a higher price for specialty flavors, prompting air freshener manufacturers to expand their product lines, including gel air fresheners. As a result, market leaders are developing innovative approaches to meet increasing demand from fragmented consumers,”  says an FMI analyst.

Competitive Landscape: Gel Air Freshener Market

Leading gel air freshener manufacturers mainly focus on aggressive promotional strategies, promotion and new product launches that would boost gel air freshener sales worldwide.

Leading players in the global gel air freshener market are Dyna Fresh, Sniff Drive, Dclario Technologies India Pvt Ltd., AEROZEL, Neuchatel Chemie Specialties, Aromate, P&P PRODUCTS, Power Line Packaging, Inc., Atlantic Paper & Supply, Larsen Packaging Products Inc., GT Midwest, Menshen Packaging USA, Inc., Alpha Lion Distributors Inc., Corporate Images, Inc. and Arizona Natural Resources, Inc. among others.

Get more valuable insights into the Gel Air Freshener market

Future Market Insights is a new offering offering an unbiased analysis of the global Air Freshener Gel market, presenting historical demand data (2017-2021) and forecast statistics covering the period from 2022 to 2032. The study provides compelling insights on the Air Freshener Gel market based on application (corporate office, home, car, restaurants, other), end-use (aromatherapy, surface care and protection, sprays, other), the distribution channel (wholesale markets/supermarkets, multi-brand stores, specialty stores, online). retail, wholesalers/distributors and others) in seven main regions.

About Future Market Insights, Inc. (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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Digestive Health Supplements Market Envisions Exponential Growth, Targeting US$ 29,648.6 Million by 2033

The digestive health supplements market is forecasted to expand at 6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 17,160 million in 2023.

Digestive health supplements observe high consumption in developed regions like North America. This can be attributed to digestive disorders, high obesity rates, and lifestyle-associated disorders in the region. Eating highly processed foods has also pushed the rate of digestive disorders, consequently increasing the demand for digestive health supplements.

In Canada, Statistics Canada unveiled that over 13,322 deaths were observed in 2020 owing to digestive disorders. As a result, consumers are exhibiting a proclivity for digestive supplements that improve the immune system and other gut-related issues that can be prevented with appropriate nutrition.

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The supplements are considered effective not only for digestive issues but also for immunity boosting. Thus, allowing a broad use of these supplements for the prevention of diseases.

As per the WHO research, a sedentary lifestyle is one of the leading causes of disability and mortality the world over. However, several people are unaware that a sedentary lifestyle may also lead to digestive issues, as prolonged sitting can yield constipation, bloating, and other digestive problems.

An increasing number of people are concentrating on living a healthy life these days. Since the internet is loaded with excessive information, users are equipped with information to help them choose better and healthy foods. This is expected to positively impact the digestive health supplements industry.

People are also constantly looking for ways to improve their digestive health owing to their desire to fight obesity and the adverse impacts of being overweight. Thus, fueling the demand for digestive health supplements in the coming years.

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Top Highlights from the FMI’s Analysis of Digestive Health Supplements Market:

  • The United States digestive health supplements industry acquired a 29.8% market share in 2022.
  • Germany’s digestive health supplements industry procured a 13.7% value share in the year 2022.
  • Japan’s digestive health supplements industry gained a share of 2.4% in 2022.
  • Australian market obtained a value share of 0.9% in the year 2022.
  • China’s digestive health supplements industry is projected to expand at a CAGR of 5.7% from 2023 to 2033.
  • India’s digestive health supplements industry is expected to register a CAGR of 4.5% over the forthcoming years.
  • The United Kingdom’s digestive health supplements industry is anticipated to expand at a CAGR of 3.4% in the upcoming years.
  • Based on the form, the capsule segment is expected to acquire more than 26.7% market share in 2023.
  • Based on the distribution channel, the drugstore segment is projected to obtain above 32.5% in 2023.

Innovation Watch: Key Developments in the Market

  • MegaFood, a corporation that manufactures superior quality supplements, widened its range of digestive health products by introducing new Digestive Health Water Enhancers in 2022. The product comes in three tasty fruit flavors, namely Guava Passion Fruit Kombucha, Pineapple Mango Kombucha, and Lemon Ginger Kombucha. Consumption of these probiotics and prebiotics help in reviving gut health.
  • Soulfuel, a wellness company, launched Soulfuel protein powder in 2022. This product intends to better the gut with a cutting-edge mixture of digestive enzymes, post-biotic, and prebiotic inulin with Epicor.

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Key Companies Profiled

  • Nestec S.A.
  • Hamari Chemicals Ltd.
  • Amway
  • Bayer
  • Herbalife
  • Nature’s Bounty
  • Garden of Life
  • Zenwise
  • HealthForce
  • Nutricia NV
  • Alimentary Health Limited
  • Lonza Group Ltd
  • NOW Foods
  • Olly
  • Other Players

Global Digestive Health Supplements Market by Category

By Product Type:

  • Prebiotics
  • Probiotics
  • Enzymes
  • Others

By Form:

  • Capsules
  • Tablets
  • Powder
  • Others

By Distribution Channel:

  • Offline Channel
    • Modern Trade
    • Convenience Stores
    • Specialty Stores
    • Multi-brand Stores
    • Other Sales Channel
  • Online Channel

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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
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Liquor Confectionery Market Primed for 5.0% CAGR Growth, to rise to US$ 1,002.0 million by 2033

The liquor confectionery market is expected to reach a value of US$ 603.0 million in 2023 and is projected to grow to US$ 1,002.0 million by 2033, with a significant CAGR of 5.0% during the forecast period.

The market is driven by the increasing trend of preparing handmade confectioneries at home using liquor as a prominent ingredient, as well as the rising demand for innovative liquor-based edible products.

Manufacturers are introducing creative product formats such as liquor-filled chocolates, liquor-infused gummies, and truffles with liquor centers to attract consumers.

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Online platforms provide a convenient channel for consumers to explore and purchase a wide variety of liquor confectionery products. E-commerce also enables manufacturers to reach a large customer base and offer exclusive or limited-edition products.

Liquor confectioneries are expensive compared to non-alcoholic confectioneries on the market. This is because the price of liquor confectioneries is affected not only by the general price of raw ingredients such as cocoa and other types of nuts but also by the total price of alcoholic beverages. Overall, the liquor confectionery market is witnessing growth due to the increasing consumer demand for premium, innovative, and ethically produced products, as well as the convenience offered by online retail channels.

Liquor chocolates are a prominent segment in the liquor confectionery market, catering to the demand for premium and gourmet options. They hold a significant share of 34.6% in the market due to their unique flavor combinations and indulgent experience.

Hypermarkets play a crucial role in the distribution and availability of liquor confectionery products, contributing a prominent share of 29.3% in the market. With their wide range of products, convenient shopping experience, and competitive pricing, hypermarkets attract a large customer base seeking liquor confectionery items.

Germany holds a market share of 33.0% in Europe’s liquor confectionery market, driven by the increasing demand for fruity liquor confectionery. Unique flavors and the trend of serving bite-sized desserts at social gatherings contribute to the growth of liquor confectionery sales in Germany.

The United States accounts for a significant share of 31.0% of the liquor confectionery market. The market in the United States is driven by the factors such as:

  • The popularity of premium and gourmet options.
  • Evolving consumer preferences.
  • The presence of established confectionery manufacturers and robust retail channels.

China is predicted to experience a growth rate of 7.9% in the liquor confectionery market, fueled by the growing popularity of international and unique confectionery products. Manufacturers are investing in production facilities in China to meet the increasing demand.

India shows promising growth in the liquor confectionery market, with a progressive growth rate of 9.0%. The market is supported by domestic and international confectionery manufacturers, expanding retail infrastructure, and the rise of gifting culture.

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Competitive Landscape

In the industry analysis, a few big organizations are pursuing specific tactics such as mergers and acquisitions that allow them to expand their existing competence while innovating many product offers.

  • Mars, Inc. established a partnership with Microsoft Corp. in May 2021 to accelerate Mars’ digitalization by leveraging the Microsoft Azure platform to maximize intelligent manufacturing supply chains and operational speed.
  • Dot’s Pretzels and Pretzels Inc. were acquired by The Hershey Company in December 2021, bringing production capacity in-house and confirming Dot’s continued expansion and experience to drive snacking innovations in the coming years.

Key Companies Profiled

  • Hershey’s
  • Ferrero SpA
  • Mondelez International
  • Toms Gruppen
  • Liqueur Fills
  • Abtey Chocolate Factory
  • Neuhaus
  • Mars
  • Brookside
  • Booz Drops
  • Others

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Key Segments Covered in the Liquor Confectionery Market Report

By Product Type:

  • Candies
  • Gums
  • Chocolates

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

By Region:

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

About Future Market Insights (FMI)

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

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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Automotive Composite Leaf Springs Market to Surge to Nearly US$ 138 Million by 2032

The Automotive Composite Leaf Springs Market Share was valued at around US$ 71.6 Million in 2021. With a projected CAGR of 6.1% for the next ten years, the market is likely to reach a valuation of nearly US$ 138 Million by the end of 2032.

The Automotive Composite Leaf Springs Market is experiencing significant growth driven by several factors, including the increasing demand for lightweight and durable suspension components, advancements in composite materials technology, and the growing emphasis on fuel efficiency and vehicle performance. Composite leaf springs are lightweight, corrosion-resistant suspension components made from composite materials such as fiberglass, carbon fiber, and aramid fiber, offering advantages over traditional steel leaf springs.

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One of the primary drivers of this market is the automotive industry’s ongoing efforts to reduce vehicle weight and improve fuel efficiency. Composite leaf springs are significantly lighter than steel leaf springs, offering weight savings of up to 50% or more, which can translate into improved fuel economy, reduced emissions, and enhanced vehicle handling and performance. As automakers face increasing pressure to meet stringent fuel economy and emissions regulations, composite leaf springs are becoming an attractive option for lightweighting vehicles without compromising on durability or performance.

Moreover, advancements in composite materials technology, manufacturing processes, and design optimization are driving innovation in the automotive composite leaf springs market. Manufacturers are developing advanced composite materials with improved strength, stiffness, and fatigue resistance, allowing them to produce lightweight leaf springs that can withstand the rigors of daily driving and heavy-duty applications. Additionally, innovative design approaches, such as variable thickness profiles and tailored fiber architectures, are optimizing the performance and durability of composite leaf springs to meet the specific requirements of different vehicle applications.

Furthermore, the automotive industry’s growing focus on sustainability and environmental responsibility is driving demand for composite leaf springs made from recyclable and eco-friendly materials. Composite materials offer the advantage of being recyclable and energy-efficient during manufacturing, reducing the overall environmental impact compared to traditional steel leaf springs. As sustainability becomes a key consideration for automakers and consumers alike, composite leaf springs are gaining traction as a sustainable solution for lightweighting vehicles and reducing their carbon footprint.

Key Players: Major players in the automotive composite leaf springs market include automotive suppliers such as Liteflex LLC, IFC Composite GmbH, Benteler-SGL GmbH, IFC Composite GmbH, and Gordon Murray Design. These companies specialize in the design, manufacturing, and distribution of composite leaf springs to automotive OEMs and aftermarket channels globally.

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.

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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Plastic Resins Market is Expected to Rise to US$ 1,239.86 Billion by 2033 | FMI

Plastic Resins Market
Plastic Resins Market

The plastic resins market size is projected to be valued at US$ 798.38 billion in 2023 and is expected to rise to US$ 1,239.86 billion by 2033. The sales of plastic resins are expected to capture a significant CAGR of 4.5% during the forecast period.

Plastic resins play a crucial role in various industries, offering a wide range of applications and materials that are essential in manufacturing processes. Plastic resins, also known as polymers, are versatile materials with diverse properties that make them suitable for different applications.

The growing demand from the automotive sector is a significant driver of market growth. Plastic resins are widely used in the manufacturing of automotive components due to their lightweight, durability, and design flexibility. Further, the increasing focus on fuel efficiency and emission reduction has propelled the adoption of plastic resins in the automotive industry.

The construction industry relies on plastic resins for various applications, including pipes, cables, insulation materials, and flooring. The properties of plastic resins, such as corrosion resistance, thermal insulation, and ease of installation, make them ideal for construction purposes.

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The electrical and electronics industry extensively utilizes plastic resins for the production of components, casings, insulation materials, and wiring. Also, the increasing demand for consumer electronics, appliances, and electrical devices drives the demand for plastic resins in this sector.

Furthermore, the packaging industry is a significant consumer of plastic resins. Plastic resins offer various advantages in packaging applications, including flexibility, durability, lightweight, and cost-effectiveness. Moreover, the rise in e-commerce, food and beverage consumption, and the need for efficient and sustainable packaging solutions contribute to the demand for plastic resins in the packaging industry.

Crystalline resins hold a high revenue share of over 62% in the global plastic resins market, with Polyethylene (PE) resin being a significant contributor due to its demand in food packaging and stretch wrap applications. On the other hand, the non-crystalline resin market accounted for around 20% of total sales in 2021 but is expected to decrease in demand due to the rising use of alternative polymers.

Key Takeaways:

  • In terms of application, the packaging category dominates the plastic resins market with a revenue share of over 36% in 2021. In addition, the growth of the packaging industry and the increasing demand for packaged goods and beverages contribute to the market’s performance.
  • In North America, the plastic resins market is witnessing growth due to the region’s development, industrialization, and advancements in packaging technology. Further, the demand for plastic packaging is expected to increase in response to demographics and customer preferences.
  • Asia Pacific leads the global plastic resins market with around 45% of the revenue share in 2020, and it is projected to maintain its dominance.
  • China plays a significant role in the region, accounting for around 35% of the global plastic resin market. The country’s substantial production capacity and high density of plastic manufacturing facilities contribute to its market leadership.

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Recent Developments

  • BASF began marketing polyamide (PA) and polyphthalamides (PPA) grades in Europe on February 1, 2022, as part of its acquisition of Solvay’s PA66 business. Under humid and high-temperature situations, Ultramid® One J (PA66/6T) offers good mechanical and dielectric qualities.
  • Companies have also launched several initiatives in response to the worldwide epidemic. Eastman Chemical Company, for example, gave around 1,000 feet of PETG film to Austin Peay State University in Clarksville in March 2021 for the creation of 3D-printed face shields.

Key Segments Covered in the Plastic Resins Market Report

By Product:

  • Crystalline
    • Epoxy
    • Polyethylene
    • Polypropylene
  • Non-crystalline
    • Polyvinyl Chloride (PVC)
    • Polystyrene (PS)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Polymethyl Methacrylate (PMMA)
  • Engineering Plastic
    • Nylon
    • Polybutylene Terephthalate (PBT)
    • Polycarbonate (PC)
    • Polyamide
  • Super Engineering Plastic
    • Polyphenylene Sulfide (PPS)
    • Polyether Ether Ketone (PEEK)
    • Liquid Crystal Polymer (LCP)

By Application:

  • Packaging
    • Food
    • Beverage
    • Medical
    • Retail
    • Others
  • Automotive
  • Construction
  • Electrical & Electronics
    • OA Equipment and Home Appliances
    • Electronic Materials
    • Others
  • Logistics
  • Consumer Goods
  • Textiles & Clothing
    • Clothing
    • Industrial use
    • Others
  • Furniture & Bedding
  • Agriculture
  • Medical Devices
  • Others

By Region:

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

About Future Market Insights Inc. (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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Bio PE Pouches Market is Projected to Grow at a CAGR of 5.8% by 2033 | FMI

Bio PE Pouches Market
Bio PE Pouches Market

The global bio PE pouches market is anticipated to reach a valuation of US$ 592.4 million in 2023, driven by rapid growth of organic and natural products. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.8% between 2023 and 2033, and reaching a total valuation of approximately US$ 1.0 billion by 2033.

One of the major factors contributing to the growth of the bio PE pouches market is the increasing focus on environmental regulations and sustainability initiatives. Governments and regulatory bodies across the world are implementing stringent measures to limit the use of single-use plastics and encourage the adoption of biodegradable and compostable materials. The regulations are driving manufacturers and businesses to invest in sustainable packaging solutions like bio PE pouches to comply with these environmental standards and reduce their environmental footprint.

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Consumer preferences are evolving, with more individuals opting for eco-friendly products and packaging. The growing concern over climate change and environmental degradation has spurred a shift towards sustainable choices, which include bio PE pouches. Brands that embrace these packaging solutions can build a positive image and attract environmentally-conscious consumers, further driving the demand for bio PE pouches in the market.

The rising awareness of the adverse impacts of plastic waste on marine and terrestrial ecosystems is driving consumers and businesses to seek alternatives. Bio PE pouches, being biodegradable and compostable, offer a solution to reduce plastic waste and its harmful effects on the environment.

Key Takeaways from the Market Study

  • Global bio PE pouches market was valued at US$ 560.0 million by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
  • Europe is expected to hold a dominant CAGR of 5.7% during the forecast period.
  • By product type, spout pouch segment is expected to constitute a CAGR of 5.7% in 2033.
  • On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 5.7% in 2033.
  • From 2023 to 2033, bio PE pouches market is expected to flourish at a CAGR of 5.8%.
  • By 2033, the market value of bio PE pouches is expected to reach US$ 1.0 billion.

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Circular economy initiatives, across the globe, is a major factor that is expected to propel the growth of the bio PE pouches market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the bio PE pouches market are GUALAPACK S.P.A., La Granda, Cardia Bioplastics, SWISS PAC PVT Ltd., Braskem, Tekpak Solutions, Sirane Ltd., Mondi plc, Amerplast Ltd., Pouch Shop, Scholle IPN, Uniflex, ePac Holdings, Amcor plc, and Sonoco Products Company, among others.

Recent Developments:

  • In 2023, Tetra Pak announced the launch of its new line of aseptic PE pouches that are designed to extend the shelf life of food products and reduce food waste.
  • In 2022, Graphic Packaging International announced the launch of its new line of customized PE pouches that can be customized to meet the specific needs of individual customers.
  • In 2021, Amcor announced the launch of its new line of bio-based PE pouches that are made from 100% renewable materials.
  • In 2021, Huhtamaki announced the launch of its new line of compostable PE pouches that can be disposed of in industrial composting facilities.
  • In 2021, Mondi Group announced the launch of its new line of recyclable PE pouches that are made from recycled materials and can be recycled in standard paper recycling streams.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global bio PE pouches market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the bio PE pouches market, the market is segmented on the basis of product type (block bottom, side gusset, bottom gusset, and spout pouch), by capacity (less than 50 oz, 50-150 oz, more than 150 oz), and by end-use (food & beverage, cosmetics & personal care, pharmaceutical, agriculture, homecare, and other consumer goods), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Bio PE Pouches Market

By Product Type:

  • Block Bottom
  • Side Gusset
  • Bottom Gusset
  • Spout Pouch

By Capacity:

  • Less than 50 OZ
  • 50-150 OZ
  • More than 150 OZ

By End Use:

  • Food & Beverage
  • Cosmetics & Personal Care
  • Pharmaceutical
  • Agriculture
  • Homecare
  • Other Consumer Goods

Region:

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

About Future Market Insights Inc. (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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