Market Research Blog – Page 3103 – New Product Development

L-Carnitine Supplements Market Gears for Explosive Growth to surpass US$ 386 million by the end of 2033

The global L-carnitine supplements market is predicted to register a CAGR of 6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 216 million in 2023 to US$ 386 million by 2033 end.

The L-carnitine supplements are witnessing increased demand in the market, owing to the adoption of unhealthy lifestyles and increasing patient awareness regarding diverse illnesses. Additionally, the expanding elderly population base is also propelling market growth. Further, the consumption of L-carnitine supplements helps reduce the risk of skeletal degeneration, which is recurrent in the geriatric population. Consumption of this supplement facilitates the reduction of muscle degeneration, preservation of lean muscle mass, and promotion of healthy aging.

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The application of L-carnitine supplements in animal food is also furthering the market expansion. As per the research published by National Library of Medicine, L-carnitine supplements have shown enhanced lactation and upsurged metabolism in cattle. The ingredient is also used for fuel economy, muscle repair, and antioxidant qualities in animals. According to a study published via Oxford University Press, dogs and horses especially benefit from L-carnitine supplementation.

Key Takeaways from the L-carnitine Supplements Market:

The United States is projected to lead the market in the forecast period, estimated to attain US$ 136.8 million by 2033. The market is assessed to register 8% CAGR from 2023 to 2033. Strong demand from the pharmaceutical, food and beverage, and personal care sectors are propelling market expansion.
Trailing behind is China, which is projected to accelerate at a CAGR of 5.4% over the forecast period. The market is expected to attain US$ 27.7 million by 2033. The market growth can be attributed to the participation of domestic and foreign companies in the country.
The Japan L-carnitine supplements market is projected to attain US$ 22.6 million by 2033. The market is forecast to expand at a CAGR of 4.5% over the forecast period. The expanding geriatric population in the nation is stimulating the demand for L-carnitine supplements.
The growing demand for functional drinks to improve health is spurring market growth. The functional drinks segment is projected to register a CAGR of 5.4% over the forecast period.

News Featuring Market Developments by Key Players of L-carnitine Supplements:

In February 2022, Applied Nutrition Ltd., which is a sports nutrition business, introduced a new L-Carnitine sports drink known as Carni-Tone. The beverage is Applied Nutrition Ltd.’s first ready-to-drink product and the first flavored spring water. The company claims that the beverage is replete with minerals. This it associates with production of the beverage with spring water available in Northumbria, which contains extraordinary level of calcium and magnesium.
In May 2019, Lonza declared that the Carnipure® L-Carnitine ingredient has now been made available for direct sale in India. The brand provides a high-quality grade of L-Carnitine in both tartrate and crystalline forms, suitable to be used in nutritional supplements. The Carnipure® brand has an extensive range of additional applications, such as weight management, energy, and fertility, courtesy of L-Carnitine’s key role in metabolism.

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L-Carnitine Supplements Market Taxonomy

By Grade:

Food Grade
Pharmaceutical Grade
Feed Grade

By Application:

Functional Drink
Medicine
Healthcare Product
Animal Food

By End-use:

Fat Loss
Improved Heart Conditions
Kidney & Liver Treatment
Boosting Immunity
Improving Male Infertility
Brain Function
Bone Mass
Infant Nutrition
Anti-aging
Skin Care
Metabolism
Pain Relief

By Region:

North America
Latin America
Europe
East Asia
South 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Snack Pellets Market Anticipated to Grow to US$ 3.0 Billion by 2032 | FMI

The snack pellets market is estimated to account for about USD 1.0 billion in 2022 and is projected to reach a value of about USD 3.0 billion by 2032, at a CAGR of 4.0%. Newly released data for Snack Pellets Market Analysis shows that global demand of overall snack pellets market enjoyed year-on-year (YoY) growth of 4.2% in 2022.

Snacking has been on the rise over the past few years, and the trends are likely to hover around health. While convenience has been the key driving aspect, consumers are increasingly seeking snack pellets that incorporate overarching trends including, better-for-you options, high protein, and healthful eating.

As consumers are facilitated with a plethora of on-demand options throughout their lives, FMI highlights the importance of a more diverse assortment of upgraded convenience food products such as snack pellets.

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In addition, the COVID-19 recession is catalyzing the consumption of pre-prepared meals as consumers strictly abide by stay-at-home orders. Market players are, in turn, creating distinctive strategies to grab this value-capture opportunity.

Snack Pellets Market Size Study

Consumption of convenience food products to reach new heights amid COVID-19 pandemic
At-home consumption to soar as consumers follow pandemic-induced restrictions
Market players to leverage online channels to remain competitive during the crisis
Manufacturers to strictly follow hygienic production practices to maintain consumer retention
Markets in East and South Asia to experience notable growth through 2030

COVID-19 Impact on Snack Pellets Market

While several industries are at the wrong edge of the COVID-19 pandemic, the snacks industry is among the least affected sectors, and has emerged as one of the fastest progressing FMCG domains. The COVID-19 induced lockdowns have offered a plethora of prospects and turned the tide in favor of certain snack pellet manufacturers, given notable rise in home-cooking, or at-home consumption.

As working from home has become the new normal, ready-to-cook products such as snack pellets have been sold in large quantities over the last few weeks. While reduced demand has slashed the growth rate of snack pellets market by a few percentage points, the market has still managed to generate relevant returns. Moreover, the market represents huge potential for vertical and horizontal growth.

This promising growth has attracted several players to the marketplace, however, leading manufacturers are tapping new territories to propel their revenue growth.

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Snack Pellets Market – Competitive Intelligence

Snack pellets market is highly fragmented owing to the presence of several large- and medium-scale industries striving to capture a bigger slice of market revenue. Market players are investing in acquisitions for further capacity expansion. Case in point, Limagrain Crales Ingrdients has taken over Unicorn Grain Specialties in a bid to improve its presence in Northern Europe, in the cereals and pulses industry.

Moreover, ever-changing trends in consumer expectations and purchasing behavior are expected to shape the snack pellets market in the coming years. Manufacturers must roll out novel and better varieties of snack pellets with innovative recipes to remain well-placed for better returns. Noble Agro Food Products Ltd., for instance, is producing cereal-based snack pellets in various shapes 2D and 3D – and flavors/ colors.

Segmentation Analysis of Snack Pellets Market

Global snack pellets market can be segmented on the basis of type, application, form, and geography.

By type:

Potato
Corn
Rice
Tapioca
Mixed Grains
Others (Cereals, Legumes, Etc.)

By way of flavor:

Non-flavored
Flavored

On the basis of technique:

Single-Screw Extruder
Twin-Screw Extruder

By Region:

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

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Key Questions Answered in the Report

What was the market for snack pellet worth in 2022?

The global snack pellet market value was around USD 998.0 Mn in 2022.

At what CAGR is the market poised to expand through 2032?

Snack pellet market revenue is expected to increase at a CAGR of around 4.0% during the period 2022-2032.

How has the performance of snack pellet been over the past half-decade?

Sales of snack pellet market increased a CAGR of around 3.0% over the past half-decade.

What are the drivers and restraints of snack pellet market?

The Snack Pellets Market is driven by rising demand for convenience foods, rising health consciousness, and demand for food items with low energy, saturated fats, and salt, as well as low investment needs. This market is constrained by the availability of substitute goods and the rise in raw material prices in developing countries.

Who are the key players operating in the market?

Intersnack Group GmbH & Co. KG (Germany), Grupo Industrial Michel (Mexico), Limagrain Cereales Ingredients (France), Chhajed Foods Pvt. Ltd. (India), Liven S.A. (Spain), Leng-d’Or, S.A.U. (Spain), Balance Foods, Inc. (US), Pasta Foods Ltd. (UK), Quality Pellets A/S (Denmark), and Pellsnack-Products GmbH (Germany) are identified as Key Players in the Snack pellet market.

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Dairy Herd Management Market Positioned for Growth by 2030 | FMI

In the heart of modern agriculture, a quiet revolution is taking place. The Dairy Herd Management Market, driven by innovation and technology, is reshaping the way dairy farms operate. Here’s a glimpse into this transformative industry:

The global dairy herd management market size is expected to reach US$ 5,640.8 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.3% CAGR between 2022 and 2030. According to the report, rising demand for dairy products and increasing number of dairy cattle globally will have positive impact on the overall market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

The increasing demand for products derived from dairy-producing animals and rising population of dairy herd are driving this market. Also, the rising incidence of diseases in animals is aiding in the growth of this market. However, factors such as unethical conduct with respect to animals may impact the market of dairy herd management services negatively. Increasing demand for milk and milk products such as cream, butter, and cheese is anticipated to boost the market over the forecast period

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It includes in-depth insights into the dairy herd management services market. Some of these are:

The estimated value of the market was at US$ 3,062 Mn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, Europe has emerged as a key market for dairy herd management services holding the largest share in the market.
North America and Asia will remain steady as key markets for dairy herd management services.
The outbreak of novel coronavirus has impacted business across nations such as the US, India, China, Italy. As a result of this, the market may witness resistance to growth in regions such as North America, Asia Pacific and Europe.
Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.

Increasing Consumption of Dairy Products will Propel Growth

Increasing demand for milk and milk products such as cream, butter, and cheese is anticipated to boost the market over the forecast period. The market is likely to benefit from operational cost benefits in long-term. Because dairy herd management services assists in monitoring and maintaining overall health of cattle and livestock, their demand is likely to rise in the coming years. While earlier predictions identified rising disposable income of consumers as a key growth drivers, the recent coronavirus outbreak has changed the dynamics. Restrictions imposed on travel and lockdown enforced across nations witnessing coronavirus may have negative impact on the overall market.

Who is Winning?

Some of the leading players operating in the dairy herd management services market are Alta Genetics Inc.; Dairymaster; Delaval Inc., Afimilk; BouMatic LLC, Fullwood Packo, GEA Group Aktiengesellschaft Lely, SCR Dairy Inc., Sum-it Computer Systems, Valley Agricultural Software, and Zoetis.

North America and Europe are expected to contribute the most towards global dairy herd management services market in the near future. Increasing disposable income, rising population and active participation of government for the development of dairy farming industry can contribute towards the growth of this market in the developing countries of the Asia Pacific, Latin America and others.

In order to capture a larger market share, key market incumbents are undertaking initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.

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DAIRY HERD MANAGEMENT SERVICES MARKET TAXONOMY

The global Dairy herd management market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Automated Dairy Management Systems
Milk Management Systems
Reproductive Health Management Systems
Feeding/Nutrition Management Systems
Cattle Management Systems
Herd Disease Management Systems
Standalone Software
On-premise Software
Web-based/Cloud-based Software

Application

Milk Harvesting
Feeding
Breeding
Cow Comfort and Heat Stress Management
Calf Management
Health Management
Other Applications (Genetic Management, Cattle Sorting, Weighing, and Data Analysis)

End User

Small-scale Dairy Farms
Large-scale Dairy Farms
Cooperative Dairy Farms

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Get Valuable Insights into Dairy Herd Management Services Market

Future Market Insights, in its new report, presents an unbiased analysis of the global dairy herd management services market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on product type the market is segmented into milk management systems, feeding/nutrition management systems, animal waste management systems, breeding management and others. In terms of end-user small-scale dairy farms, large-scale dairy farms, cooperative-scale dairy farms. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

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Navigating the Animal Nutrition Chemicals Market: Size, Share, Production, and Consumption Projections for 2029

The global animal nutrition chemicals market size is expected to reach US$ 20.14 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.7% CAGR between 2019 and 2029. According to the report, the rising demand for animal protein product will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

The increasing demand for livestock products across the globe is driving the market. Also, it is expected to gain from the increasing incidence of diseases in animals. However, the use of in feed enzymes and stringent regulations on products such as these are limiting the growth of this market.

Animal nutrition chemicals are supplements given to animals to correct deficiencies in feed .In addition to this, animal nutrition chemicals improve animal immunity, pregnancy outcome, fertility, new born survival and growth, meat quality, and feed efficiency. The increasing demand for pets and their health insurance will create growth opportunities for this market.

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Increasing Use of Milk, Meat and Related Animal Products Worldwide will Boost Growth

Animal nutrition chemicals are essential feed additive products to boost the growth in animal and to maintain their health. These are widely used in the feed industry to improve the quality of product and ensure better nutrition quality. Increase in domesticated animals and livestock population drives the animal nutrition chemical market. Moreover, rise in pet health care centres and veterinaries is expected to fuel the market growth. Furthermore, rapid industrialization of livestock farming, increase in health problems among animals, and rise in meat demand are some of the major factors boosting the animal nutrition chemicals industry. The upsurge in consumer demand for performance and nutrition solutions on account of rising pet and cattle population is one of the primary factors driving the market.

Who is Winning?

Some of the leading players operating in the Animal Nutrition Chemicals market are BASF SE, Dow Chemical Company, DuPont, Kemin Industries, Tata Chemicals, Novozymes, Royal DSM, and Balchem Corporation.

As a result of the rising demand for animal protein products and the rising trend of ownership of pet animals. Moreover, the rising incidences of epidemics of animal diseases, rising livestock population and the rising concerns of pet owners regarding their pets’ health are triggering the demand for safe and healthy pet foods, which in turn is stimulating the growth of the global animal nutrition chemicals market. Moreover, the growing consumption of meat across the globe is augmenting the market.

On the downside, increase use of in-feed enzymes and probiotics as an alternative are the restraining factors for the growth of the animal nutrition chemicals market. The U.S. will emerge as a major contributor owing to the increasing spending on their pets. This has led to the growing demand for nutritional products. In Europe, countries such as Germany, France, the U.K., and Switzerland are the sights of high growth rate owing to strong domestic consumption.

ANIMAL NUTRITION CHEMICALS MARKET TAXONOMY

The Animal Nutrition Chemicals market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Amino Acid
Vitamin
Mineral
Enzyme
Fish Oil & Lipid
Carotenoid
Eubiotics
Others (Vacuum Salts and Organic Food)

Application

Animal Food Manufacturer
Farm
Household
Veterinarian
Others (Domestic Animal Feed and Aquaculture)

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

By Species

Poultry
Swine
Ruminant
Pet
Others (Aquaculture and Euqines)

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Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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Concentrated Milk Fat Market Primed for 7.9% CAGR Growth by 2033 | FMI

The concentrated milk fat market is anticipated to flourish at a strong CAGR of 7.9% between 2023 and 2033. The market is expected to hold a market share of US$ 9,651.8 million by 2033 while it is likely to reach a value of US$ 4,501.0 billion in 2023. The ability to provide a longer shelf-life, along with a low cost, and other factors are expected to increase the sales of the concentrated milk fat market during the forecast period.

Concentrated milk fat, also referred to as anhydrous milk fat (AMF), is obtained by eliminating the water and non-fat fragments from milk, resulting in a highly concentrated form of milk fat. Given that concentrated milk fats contain less moisture, they can be retained at room temperature for several months, resulting in a longer lifespan, bulk storage, and quicker transportation, decreasing the overall cost.

Owing to the extended shelf-life of concentrated milk fats, in comparison to milk and cream, it finds extensive use in the food and beverage industry. In food processing, bakery, confectionery, and dairy products concentrated milk fat is used as a primary ingredient in the production of chocolates, ice creams, pastries, and other such dairy-based products. Moreover, concentrated milk fats enhance the flavor and texture in these products driving the market toward growth.

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Organic milk fat concentrates are in plentiful demand due to the increasing acceptance of organic products as safer and healthier substitutes. Innovative goods such as whipped milk fat concentrate for easy incorporation and high melting point to withstand high-pressure situations have encouraged market expansion.

The popularity of concentrated milk fat is limited and with the surge in the health consciousness among consumers regarding the benefits of low fat and healthier alternatives to concentrated milk fat, consumers are opting for low-fat healthier substitutes. Despite this roadblock, many manufacturers are utilizing this as an opportunity to expand their business and develop low-fat concentrated milk fat products to cater to the changing consumer demand.

In the ever-evolving world of dairy products, concentrated milk fat has carved out a niche for itself as a versatile and indulgent ingredient. This niche market is witnessing a surge in popularity as consumers seek new tastes and textures to elevate their culinary experiences.

🥛 The Creamy Revolution: Concentrated milk fat, also known as anhydrous milk fat (AMF), offers a concentrated source of the creamy richness found in milk. With its unique ability to enhance the flavor and texture of a wide range of foods, it has become a favorite among chefs and food manufacturers.

🍰 Baking Brilliance: In the world of baking, concentrated milk fat is a game-changer. Its higher fat content and reduced water content lead to flakier pastries, more tender cakes, and richer cookies. Bakers are embracing it for that melt-in-your-mouth goodness.

🍨 Dessert Delights: Ice cream enthusiasts are in for a treat with concentrated milk fat. It imparts a velvety smoothness and luxurious mouthfeel that’s hard to replicate with regular dairy products. The result? Unforgettable frozen desserts.

🧀 Cheese Excellence: Cheese aficionados are also singing the praises of concentrated milk fat. It contributes to the creamy texture and robust flavor profiles of premium cheeses, making it an essential ingredient for artisanal cheese makers.

🌍 Global Demand: The concentrated milk fat market is expanding globally. As consumers around the world develop a taste for high-quality dairy products, AMF is making its way into international kitchens and food processing facilities.

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Market Takeaways at a Glance

The United States market for concentrated milk fat is driven by the increasing demand for premium dairy products and the presence of several key players. This results in the United States to dominate the global concentrated milk fat market with a share of 16.9%
The market in India is expected to mature owing to its strong dairy tradition. The region is expected to experience strong growth with a CAGR of 9.8% in the forecast period.
The United Kingdom represents a high potential market for concentrated milk fat, mainly driven by the expansion in the bakery and confectionery industry. It is anticipated to grow at a CAGR of 8.7% through 2033.
The China market offers an untapped growth potential with an expected CAGR of 5.7% in the projected period owing to the rapid urbanization and growing opportunities in the food and beverage industry.

Competition in the Market

The global concentrated milk fat industry is fragmented, with many domestic as well as international businesses vying for market dominance. Companies tend to concentrate on new product launches with natural or organic claims as their major marketing method because of evolving consumer food patterns and adequate milk supply. Such efforts have paved an opportunity for players in the market to expand their business and client base. With the increased demand for concentrated milk fat in the global industry, market players in the concentrated milk fat market are projected to benefit from enticing potential for expansion in the future.

Market Changes and Developments in 2023

Darigold, Inc., Seattle in July 2023, joined the Global Dairy Trade (GDT) platform by completing its first product offering of two skim milk powder products and one buttermilk powder product. Darigold is a Seattle -based farmer owned co-op that is looking to leverage its proximity to global shipping infrastructure, and this was an opportunity for Darigold to expand its market and increase its consumer base.
FrieslandCampina signed a 4-year agreement with Mondelēz International in June 2023 to work on reducing the carbon footprint and decreasing the emissions of greenhouse gases of milk by 14% in 2025 as compared to that in 2019. The motive of the partnership was seen as an attempt to establish a relationship to increase consumer base and also to accelerate carbon reduction.

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Concentrated Milk Fat Market by Category

Nature:

Conventional
Organic

Application:

Soups & Sauces
Bakery & Confectionery
Dairy Products
Others

Form:

Liquid
Dry

Distribution Channel:

Direct Sales/ B2B
Indirect Sales/ B2C

By Region:

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

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Lactoferrin Market Forecasted to Surpass US$ 711.9 Million by 2033 | FMI

According to Future Market Insights’ new analysis, the global lactoferrin market size is estimated to reach US$ 247.0 million in 2023. Total lactoferrin sales are anticipated to increase at 4.7% CAGR between 2023 and 2033, totaling a revenue of US$ 711.9 million by 2033.

The growing application of lactoferrin in infant formulas, clinical nutrition, and dietary supplements is a prominent factor expected to drive the global lactoferrin industry forward.

Lactoferrin is a multifunctional protein generally found in mammalian milk. It possesses antioxidant, antiviral, antibacterial, and anti-inflammatory properties due to which it has gained enormous popularity worldwide.

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Lactoferrin is being increasingly used in infant nutrition, dietary supplements, and several other healthy food items. Hence, growing production and consumption of these products will eventually boost lactoferrin sales during the projection period.

Rising prevalence of diseases such as anemia, diarrhea, blood infection, and numerous other conditions is expected to generate high demand for supplements such as lactoferrin during the next ten years.

Lactoferrin has become an ideal iron supplement used for low iron levels during pregnancy. It is also used for treating diarrhea, ulcers, hepatitis, and blood infections. Growing awareness about the potential benefits of lactoferrin is expected to generate lucrative revenue-generation opportunities for lactoferrin manufacturers over the assessment period.

Considered a nutraceutical protein and playing a vital role in neurodevelopment and neuropathic mechanisms, lactoferrin is surging in demand among clinical nutrition product manufacturers.

Clinical nutrition application of lactoferrin is gaining traction with FMI estimating this segment to accelerate at 7.3% CAGR between 2023 and 2033.

Lactoferrin is also considered a cationic glycoprotein, being used as a nutritional ingredient in different food & beverage products, such as food supplements, non-alcoholic beverages, and sports nutrition products.

The future of lactoferrin adoption depends on the food & beverage companies, especially brands making baby foods and dietary supplements, who are motivated to comply with the food safety certification requirements and necessary environmental standards.

As a result, more innovation across the value chain is required to increase the adoption rate of the product, driven by a new food revolution generated through consumer tastes and preferences while leveraging automation effectively.

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Key Takeaways from the Lactoferrin Market Study:

Global sales of lactoferrin are forecast to rise at 4.7% CAGR throughout the assessment period.
By form, powdered lactoferrin segment accounts for a market share of 88.9%.
Based on application, infant formulas segment currently holds a prominent share of 35.9% while the clinical nutrition segment is anticipated to witness a lucrative growth rate of 7.3% CAGR between 2023 and 2033.
Europe remains the leading producer of lactoferrin and it held around 31.1% of the global lactoferrin market in 2022.
Demand for lactoferrin across South Asia is expected to increase at 7.7% CAGR during the projection period.

“Growing inclination towards high nutritional and healthy food products across the world is expected to create lucrative growth prospects for lactoferrin market during the forecast period. Hence, key lactoferrin manufacturers are introducing lactoferrin-based products with exotic flavors and innovative packaging to attract more consumers,” says a lead analyst at FMI.

Who is Winning?

Leading companies offering lactoferrin are Fonterra Co-operative Group, Glanbia plc, Milei Gmbh, Nestle SA, Pharming Group NV, Farbest Brands, NutriScience, Bega Cheese Group, Ltd, InVitria, Vitalus Nutrition Inc., and others.

Get Valuable Insights into Lactoferrin Market

Future Market Insights, in its new offering, provides an unbiased analysis of the lactoferrin market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling and detailed insights on the lactoferrin market based on form (powder and liquid), and application (sports nutrition, infant formulas, clinical nutrition, veterinary nutrition, personal care, food nutrition, and others) across seven key regions.

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Global Lactoferrin Industry is Segmented as Below

By Form:

Powder
Liquid

By Application:

Sports Nutrition
Infant Formulas
Clinical Nutrition
Veterinary Nutrition
Personal Care
Food Nutrition

By Region:

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

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Sweet Dreams and Rising Sales: Mattresses & Accessories Market to Rise 6.5% by 2033

The mattresses and accessories market is counting sheep towards a good night’s sleep – and a healthy profit! Projected to reach US$ 84.1 billion by 2033 with a CAGR of 6.5%, here’s a peek under the covers of this growing industry:

Tech Touch for a Good Night’s Tech: Despite industry disruptions, the mattress and accessories market is adapting to changing consumer preferences and rising health awareness.
Macroeconomic Slumber Party: Shifting consumer priorities, income growth, and a focus on stress management (especially among younger generations) are driving the demand for quality sleep products.

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From Brick-and-Mortar to Clicks and Mattresses: While trying before you buy is still important for some, the convenience of online shopping with its wider selection, price comparisons, and home delivery is changing the game.
Trial and Comfort: Trial periods and innovative packaging are attracting more customers online, making the transition to a new mattress smoother.
Luxury Takes a Snooze: Mattresses are no longer just functional; they’re seen as an investment in comfort and well-being, with a focus on luxury materials and finishes.
Brand Power in Dreamland: The rise of global brands and large manufacturers is attracting customers away from local options, offering more trust and reliability.
Sleeping Green: Concerns about synthetic materials are leading to a surge in demand for eco-friendly and natural mattresses and accessories.
Cooling Down Your Comfort: Technologies like breathable fabrics and cooling gels are making mattresses even more appealing to customers seeking a perfect night’s sleep.
Safety First, Sleep Second: Manufacturers are prioritizing safety with certifications like OEKO-TEX® for fabrics and CertiPUR-US® for foam, giving consumers peace of mind.
The East Sleeps Soundly: East and South Asia are leading the mattress and accessories market, fueled by a growing urban population willing to invest in quality sleep products.

From Brick-and-Mortar to Online Dreams: How the Mattress Market is Sleeping Soundly

The way we buy mattresses is undergoing a slumber party of its own! While the desire to test a mattress before buying remains, the mattress and accessories market is witnessing exciting trends:

The Rise of the Click-and-Snooze: Online shopping is becoming increasingly popular for mattresses. Convenience reigns supreme, with wider choices, price comparisons, and home delivery making the online mattress purchase a game-changer.
Trials and Tribulations (or lack thereof): Trial periods are making online mattress buying less risky. Plus, innovative packaging ensures your new sleep haven arrives safe and sound.
Luxury Slumber: Mattresses are no longer an afterthought; they’re a symbol of comfort and well-being. Consumers are looking for luxurious materials, elegant designs, and a classy finish.
Brand Power in Dreamland: Big brands and international companies are gaining traction, offering trust and reliability that local shops may not.
Sleeping Green: Eco-consciousness is influencing sleep choices. The demand for eco-friendly and natural mattresses and accessories is on the rise.
Keeping Your Cool: Goodbye, hot sleepers! Technologies like breathable fabrics and cooling gels are ensuring a comfortable night’s rest.

Major market players operating in the global mattresses and accessories market include

Kingsdown Inc.
Spring Air International
Sleep Number Corporation
Tempur Sealy International Inc.
Simmons Bedding Company LLC Serta Inc.
Southerland Inc.
Relyon Limited
McRoskey Mattress Company;
Corsicana Mattress Company.

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Mattresses & Accessories Market – Segment Analysis

Product Type:

Memory foam mattress
Hybrid mattress
Innerspring mattress
Latex mattress
Other (water bed mattress, air filled mattress, and gel filled mattress)

Mattress Size Type:

Twin or single size mattress
Twin XL size mattress
Full or double size mattress
Queen size mattress
King size mattress
Others mattress (king long or California king size mattress, super king size mattress or grand size mattress, and athletic king size mattress.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Keeping it Cool: Refrigerators Market Cools Down with 6.5% CAGR by 2033

The refrigerator market is keeping things frosty, with a projected value of US 167.17 billion by 2033 and a cool CAGR of 6.5%. Here’s a breakdown of what’s keeping this market well-preserved:

Smart Homes, Smart Fridges: The rise of smart home projects is driving demand for energy-efficient and innovative refrigerators. Manufacturers are integrating cutting-edge technologies like IoT, internet connectivity, and even AI voice commands. Think “Hey fridge, what’s for dinner?”
Building a Boom for Freezers: Increased housing renovation and construction projects are fueling the need for new refrigerators and freezers. This is especially true in hospitality sectors like hotels and restaurants, where rapid cooling and efficient food storage are crucial.

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Going Green with Every Guzzle: Growing concerns about energy consumption and environmental impact are prompting both consumers and governments to prioritize eco-friendly refrigerators. Manufacturers are responding with advancements in energy-saving technologies.
Labeling for Efficiency: Government initiatives like mandatory energy-efficiency labels are empowering consumers to make informed choices, further promoting eco-conscious fridges.
The Asia-Pacific Chill Zone: This region is experiencing a surge in refrigerator sales due to factors like economic growth, rising living standards, and increasing urbanization. China and India are leading the pack in Asia-Pacific’s refrigerator market.

Drivers of the Refrigerators Market

The key drivers for refrigerators in the residential segment include overall population growth, rapid urbanisation, increasing purchasing power, rising number of nuclear families and single person households, and a general desire for technological upgrades with respect to daily-use appliances in homes.

In the commercial segment, the food processing and storage industry is driving the refrigerators market as the demand for processed foods has increased rapidly. Similarly, the hospitality sector has also shown a substantial increase in demand for refrigerators, mainly led by fast-mushrooming bars, ice cream parlours and restaurants.

Key players in the market include

Samsung,
Haier
Electrolux
Sharp
Whirlpool
LG
Godrej
Intex
Voltas
Pansonic
Toshiba
TCL
Hitachi
BSH
Midea
Hisense
Arcelik
Xinfei
Daikin and Meiling.

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Regions and Countries Analyzed in the Report

North America (the USA, Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, the United Kingdom., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Author

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Catechins Market Forecast: Projected Growth to US$ 31.9 Million by 2033, with 5.9% CAGR

The global catechins market is expected to develop significantly, with a value of US$ 18.5 million in 2023. A CAGR of 5.9% is predicted to be maintained by the year 2033. Such consistent growth estimates indicate that the worldwide catechins market is on pace to achieve an astounding valuation of US$ 31.9 million by 2033.

Catechin, a polyphenol primarily found in green tea leaves, is significantly impacted by the changing dynamics of the polyphenols market. Key drivers influencing this market include the escalating demand for functional foods and beverages and advancements in polyphenol extraction processes. Such factors play a pivotal role in driving the growth of the catechin market.

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Catechin has gained extensive usage in the functional food and beverage market, primarily due to consumers’ growing inclination toward adopting a healthy lifestyle. The shift is thus driven by the desire to mitigate the risk of cardiovascular diseases and address concerns related to obesity.

Functional beverages have experienced substantial growth as consumer perceptions regarding dietary habits evolve. Lifestyle changes, including longer working hours and increased health risks, have contributed to this transformation.

Ongoing efforts to enhance the quality of sports through improved dietary and training regimens extend beyond professional athletes. The endeavors are expected to attract new customer segments, including recreational athletes and individuals focused on healthy lifestyles.

The expansion in demographics creates opportunities for dietary supplement manufacturers to target professional athletes and a broad audience. Catechin consumption in functional beverages is likely to benefit from this trend.

Green tea enjoys widespread consumption in countries such as China, Japan, India, and the United States. Green tea is increasingly recognized for its medicinal properties, high antioxidant content, and its potential to aid in weight management. Green tea also prevents and treats various health issues like cancer, arthritis, and heart diseases.

The catechin market’s trajectory is closely linked to the broader dynamics of the polyphenols market. The increasing demand for functional foods and beverages, driven by health-conscious consumers, plays a pivotal role in propelling catechin’s growth.

Key Takeaways from the Catechins Market Study:

Based on end-use application, nutraceuticals are expected to dominate at a market share of 56.8% by 2033.

Based on the source, the tea is likely to register a market share of 77% by 2033.

The catechin market size expanded at 5.2% CAGR between 2018 and 2022.

India is estimated to reach US$ 20.4 million and expand at a CAGR of 4.9% by 2033.

Japan is anticipated to experience significant growth, with a current valuation of US$ 18 million and a projected value share of 3.2%.

“Functional foods and beverages are becoming increasingly popular among consumers as they help to prevent various illnesses and disease and is considered one of the key drivers of the catechin market”, says Nandini Roy Choudhury, Client Partner at Future Market Insights. .

Competitive Landscape of Catechins Market:

The catechin industry consists of a consequential number of market players. Research and development are mainly used for the introduction of environment-friendly product lines from the core aspect of these manufacturers. In addition to this, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.

Key Companies Profiled

Botaniex Inc.
Hunan Sunfull Bio-tech Co., Ltd.
Chengdu Wagott Bio-tech Co. Ltd.
Novanat Bioresource, Inc.
Hangzhou Qinyuan Natural Plant High-tech Co., Ltd.
Taiyo Green Power Wxee
Arjuna Natural Extracts Ltd.
BiosynthCarbosynth,
Cayman Chemical Company
INDOFINE Chemical Company Inc.

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Some of the new developments are-

In April 2020, Botaniex, a prominent catechin manufacturer, innovated a decaffeination and extraction technique for catechin extraction, eliminating the need for ethyl acetate in the process.
In September 2022, the tea sector, driven by increasing consumer awareness of the myriad benefits associated with incorporating green tea catechins into their diets has emerged as the dominant player in the catechin market. It secures a significant market share.

Catechins Market by Category:

By Type:

Epigallocatechin (EGC)
Epigallocatechin-3- Gallate (EGCG)
Others

By Source:

Tea
Fruits
Vegetables
Others

By End-Use Application:

Nutraceuticals
Beverages
Pharmaceuticals
Mouth Rinsing Agents
Other Applications

By Region:

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

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ADAS Sensors Market Set to Reach US$ 70.33 Billion by 2033 with 8.7% CAGR

The global ADAS sensors market share in 2022 was US$ 28.12 billion and is estimated to be US$ 30.53 billion in 2023. As per the Future Market Insights projection, the ADAS sensors market is anticipated to expand at a CAGR of 8.7% between 2023 and 2033, totalling around US$ 70.33 billion by 2033.

The ADAS (Advanced Driver Assistance Systems) Sensors Market is witnessing significant growth driven by the increasing demand for safety features, the rise of semi-autonomous and autonomous driving technologies, and regulatory mandates promoting vehicle safety standards. ADAS sensors play a crucial role in enhancing vehicle safety by providing real-time data and enabling functionalities such as adaptive cruise control, lane departure warning, automatic emergency braking, and blind-spot detection.

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Moreover, advancements in sensor technology, including radar, LiDAR, cameras, ultrasonic sensors, and infrared sensors, are driving innovation in the ADAS market, offering improved accuracy, reliability, and performance. As automakers and consumers prioritize safety and convenience features in vehicles, the demand for ADAS sensors is expected to continue growing, presenting opportunities for sensor manufacturers and technology providers to develop innovative solutions that enhance vehicle safety and driving experience.

Key Takeaways from the Market Study

The global advanced driver assistance systems (ADAS) sensors market expanded at a CAGR of 7.4% between 2018 and 2022.
The global ADAS sensors market is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching US$ 43.2 billion in 2030.
Future Market Insights (FMI) says that the sales in the ADAS sensors market accounted for 6-7% of the global sensors market in 2020.
North America’s ADAS sensors market is expected to hold a 15.6% of the total market share whereas the United States holds a value share of 14.8%.
The United Kingdom is projected to emerge as a significant pocket over the assessment period with a market share of 14.2% whereas Germany’s market is said to expand at a CAGR of 8.9% due to the high adoption of ADAS systems in economic and luxury vehicles.
Europe’s ADAS sensors market held a dominant share of 24.3% in the global ADAS sensors market in 2022.
The rising preference for cruise control in modern vehicles might spur demand for ADAS sensors that drives sales in this segment holding a market share of 52.4%.
The demand for ADAS sensors in the passenger vehicles segment is expected to continue rising over the forecast period as per FMI holding a market share of 49.9%.
A wide availability of ADAS radar sensors offered by OEMs might boost sales with a value share of 40.2%.

The presence of a variety of electronic monitoring and controlling devices is one of the key developments of the ADAS market – comments a Future Market Insights Analyst.

Some of the prominent players profiled in the global market are

Continental AG
Robert Bosch GmbH
Denso Corporation
Delphi Technologies PLC
Hella GmbH & Co. KGaA
TE Connectivity
CTS Corporation
NXP Semiconductors N.V.
Microchip Technology Inc.
Infineon Technologies AG

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ADAS Sensors Market Segmentation

By Product Type:

Blind Spot Detection
Night Vision Sensors
Light Sensors
Parking Sensors
Cruise Control

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

Original Equipment Manufacturers (OEM)
Original Equipment Spares (OES)
Independent Aftermarket (IAM)

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
The Middle East & 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 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