Market Research Blog – Page 3143 – New Product Development

Global Smart Insulin Pens Industry is predicted to grow at an 8.3% annual rate and reach US$ 8,750.7 Million by 2033 | FMI

The Global Smart Insulin Pens Industry is on track for a remarkable transformation, with a projected surge to US$ 8.75 billion by 2033, according to a recent market analysis. This translates to a significant Compound Annual Growth Rate (CAGR) of 8.3% from its current valuation of US$ 3.93 billion in 2023.

This growth is primarily fueled by the increasing adoption of smart insulin pens, representing a major advancement in diabetes management. With a rising global diabetic population, there’s a critical need for innovative solutions. Healthcare providers and patients are actively seeking more effective ways to address the challenges associated with diabetes. Smart insulin pens are emerging as a game-changer in this fight.

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Manufacturers are thus capitalizing on these trends to launch fresh and inventive product lines, allowing them to gain a firm foothold in the market. Medtronic, for example, will debut its InPenTM smart insulin device with real-time GuardianTM Connect CGM Data in November 2020, making it the first smart insulin pen for diabetics who require many daily injections. BioCorp and Roche Diabetes Care just launched the Mallya smart insulin pen device in France in April 2021.

Key Takeaways from the Global Smart Insulin Pens Industry Report

Bluetooth-enabled Smart Insulin Pens will account for more than half of the revenue share by 2031.
According to indications, type 2 diabetes therapy will account for the majority of smart insulin pen deployment.
Smart Insulin Pens were primarily distributed through retail pharmacies, with e-commerce sales fast increasing.
The United States will see credible growth as the approval rate for new diabetes treatment devices rises.
Growing acceptance of needle-free insulin injections in the United Kingdom
In the long run, Germany and France will see increasing collaboration between key manufacturers.
A high concentration of regional manufacturers will drive growth in India and China.

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Global Smart Insulin Pens Industry – Key questions answered in the report

What trends are in store for the Global Smart Insulin Pens Industry growth?

According to FMI, the Global Smart Insulin Pens Industry is expected to reach multi-billion dollar valuations in both the short and long run, owing to an increase in the global diabetes population pool and the resulting increase in hospital workload. Bluetooth-enabled Smart Insulin Pens are predicted to stay in high demand.

Which is the most promising Global Smart Insulin Pens Industry?

According to FMI’s estimate, demand for Smart Insulin Pens is projected to continue high in the US market, owing to the government’s ongoing efforts to eradicate the diabetes epidemic through major advertising campaigns. Furthermore, with the presence of multiple regional-level producers, India and China are likely to emerge as the main markets in the Asia-Pacific region.

Global Smart Insulin Pens Industry Competitive Landscape

significant insulin pen manufacturers are efficiently using significant expansion tactics, such as new product releases and R&D, collaboration with current manufacturers, and outright/partial purchase of important market participants. The incorporation of virtual technological breakthroughs to improve diabetes care is being prioritized.

Novo Nordisk and the University of Toronto signed a CAD 40 million investment agreement in February 2021 to establish the Novo Nordisk Network for Healthy Populations. This network will concentrate on novel methods of diabetes management and chronic disease prevention. This will most likely aid in the creation of Smart Insulin Pens.

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Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter, and synchronization of data on the Cloud for use with mobile devices.

Global Smart Insulin Pens Industry Key Players

Digital Medics Pty Ltd.
Emperra GmbH e-Health Technologies
Companion Medical Inc.
Sanofi Aventis LLC
Novo Nordisk A/S
Eli Lily and Company
Companion Medical
Diabnext
Jiangsu Delfu Medical Device Co. Ltd.
DIAMESCO Co Ltd.
Patients Pending Ltd (Bigfoot Biomedical Inc.)
BERLIN-CHEMIE

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Global Smart Insulin Pens Industry – Key Segments Covered

Indication

Diabetes Type I
Diabetes Type II

Connectivity

Bluetooth Connected
USB Connected

Distribution Channel

Clinics & Ambulatory Surgical Centers
E-Commerce
Retail Pharmacies

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

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Mango Puree Market to Witness 7% CAGR Growth, Reaching US$ 3.56 Billion by 2034

The mango puree market is predicted to be valued at US$ 1.8 billion by 2024. The market valuation is estimated to be US$ 3.56 billion by 2034, projected at a CAGR of 7%.

The market for mango puree is expanding as customer demand for natural and healthful food products rises. Smoothies, drinks, desserts, sauces, etc., are using mango puree, which is densely becoming popular as an ingredient due to its flavor and nutritional value.

Dangers and difficulties are some of the major reasons the market faces. The effect of weather variations and climate change has become hazardous for mango production. Adverse weather conditions like hurricanes, floods, and droughts majorly impact the production of mango crops, which causes shortages and price volatility in the market.

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Besides challenges, the market also sees potentialities with every passing day. Convenience food and beverage sales are growing worldwide. Ready-to-use food ingredients like mango puree are in high demand due to changing lifestyles and rising urbanization. Manufacturers can profit from this trend by providing value-added products and creating packaging formats that meet changing consumer tastes.

Key Takeaways from the Market Study

Under source type, the organic mango puree is accounted to hold a market share of 65.2% in 2024.
Germany is expected to register at a CAGR of 8.1% by 2034.
India registers significant growth, projected at a CAGR of 9.1% by 2034.
Based on end user, the beverage segment is accounted to hold a market share of 35.3% in 2024.

“The rise in consumer preference for natural and healthy food choices is one significant driver for the mango puree market,” Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

Important competitors in the mango puree market are present like Del Monte Foods, ITC Limited, and Kiril Mischeff. Such market players provide a large selection of mango puree products that suit different needs in food and drink.

Strong competition strengthens innovation and boosts industry standards, giving consumers access to a wide range of premium mango puree options.

Some of the key developments are:

In 2021, Kiril Mischeff, unveiled novel package designs for its line of mango puree goods. The developments were made to extend product shelf life, preserve freshness, and meet changing customer and food industry demands.
In 2021, ITC Limited introduced a high-end line of mango puree products under its well-known brand name. ITC Limited launched premium mango puree made from particular mango types using its agriculture and food processing knowledge.

More Valuable Insights Available

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

To understand market opportunities, the Mango Puree market is segmented based on Source (Organic Mango Puree, Conventional Mango Puree), End Use (Infant Food, Beverage, Bakery and Snacks, Ice Cream and Yoghurt, Dressings and Sauces), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

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Key Segments

By Source:

Organic
Conventional

By End Use:

Infant Food
Beverage
Bakery and Snacks
Ice Cream and Yoghurt
Dressings and Sauces

By Region:

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

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 1.8 billion
Projected Market Valuation in 2034	US$ 3.56 billion
Value-based CAGR 2024 to 2034	7			%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East and Africa
Key Market Segments Covered	Source End use Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic		Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Döhler GmbH Kiril Mischeff Tree Top Inc. AGRANA Beteiligungs-AG ITC Limited KUO Group	Capricorn Food Products India Ltd SVZ International B.V. Aditi Foods India Pvt. Ltd. Inborja S.A. Kerr Concentrates Inc.

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Anticipated Rise in Banana Puree Market to Hit US$ 919 Million by 2033 | FMI

The banana puree market is poised for robust growth and a significant rise, with an anticipated higher CAGR of 9.2% from 2023 to 2033. This is notably higher than the CAGR of 5.3% observed between 2018 and 2022. As a result, the market value is projected to reach an impressive US$ 919 million by 2033, compared to US$ 381.7 million in 2023. This signifies substantial expansion and increased market demand over the forecast period.

The growing demand from consumers for natural and nutritious food items is driving the continuous rise of the banana puree market. Because of banana puree’s nutritional value and adaptability, it is used in many different food and beverage items. However, because bananas are perishable, logistical problems with storage and transportation occur.

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The industry is primarily driven by the rising popularity of goods made with bananas and their numerous health advantages. The increase in plant-based and vegan diets further fuels the demand for banana puree as a dairy or egg alternative. However, the market is constrained by the threat of product waste and short shelf life.

The banana puree industry has opportunities to grow in emerging nations with rising populations and disposable budgets. The introduction of new product varieties like organic or flavored banana puree might attract a broader customer base. Market share may be increased through partnerships with food makers and clever marketing techniques. Threats include competition, shifting raw material prices, and the availability of substitute fruit purees.

To capitalize on opportunities and overcome threats, adapting to changing consumer preferences and adopting sustainable practices will be crucial for long-term growth in the banana puree market.

Key Takeaways

In the United States, the demand grew at a value share of 23.1% in 2022.
Due to rising health consciousness, China’s market recorded a value share of 9.8% in 2022.
India’s banana puree market developed at an 8.4% value share in 2022.
The United Kingdom market grew at a value share of 7.3% in 2022.
Japan recorded a value share of 0.9% in 2022.

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Competitive landscape:

The banana puree market’s competitive landscape is characterized by several key players vying for market share. Established food manufacturers, as well as niche players, contribute to the competition. Major companies leverage their brand reputation, distribution networks, and economies of scale to maintain a significant market presence. Moreover, competition is fueled by product differentiation strategies, where companies offer various banana puree variants, including organic, flavored, and blended options.

Innovation, research, and development efforts are prominent as companies seek to introduce novel products and cater to evolving consumer preferences. Additionally, sustainability initiatives, such as eco-friendly packaging and responsible sourcing, are increasingly emphasized to gain a competitive edge and appeal to environmentally conscious consumers. The market remains competitive, with players striving to differentiate themselves through product offerings, branding, and sustainability practices.

Key Strategies of Market Players

Product Diversification: Competitors are expanding their product offerings by introducing innovative variations of banana puree, such as organic, flavored, or blended options. This diversification aims to cater to different consumer preferences and capture a larger market share.
Sustainable Packaging Initiatives: Competitors are increasingly focusing on sustainable packaging solutions for banana puree products. This includes using eco-friendly materials, reducing plastic usage, and adopting recyclable or biodegradable packaging options to align with consumer demand for environmentally conscious products.

Key Companies Profiled

Symrise AG
Döhler GmbH
Kiril Mischeff
Riviana Foods Pty Ltd
Nestlé S.A.
The Hain Celestial Group Inc
The Kraft Heinz Co.,
Ariza B.V.
Newberry International Produce Limited
Grünewald Fruchtsaft GmbH
Tree Top Inc.
Hiltfields Ltd.
Shimla Hills Offerings Pvt. Ltd.
Antigua Processors S.A.
SunOpta Grains and Foods Inc.

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Banana Puree Market by Category

By Application, Banana Puree Market is Segmented as:

Beverages
Infant Food
Bakery & Snacks
Others
Dressings & Sauces
Ice Cream & Yoghurt

By Process, Banana Puree Market is Segmented as:

Conventional
Aseptic

By Source, Banana Puree Market is Segmented as:

Organic
Conventional

By Region, the Banana Puree Market is Segmented as:

North America
Latin America
APEJ
Japan
Western Europe
Eastern Europe

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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Global Dengue Vaccines Industry to Surge Past US$ 1.6 Billion by 2033, Fueled by New Technologies and Rising Dengue Fever Rates

Future Market Insights (FMI), a leading market research firm, forecasts a robust future for the Global Dengue Vaccines Industry. Their new analysis projects the market to reach a staggering US$ 1,603.7 million by 2033, driven by a significant double-digit Compound Annual Growth Rate (CAGR).

Key pharmaceutical companies, having successfully concluded clinical trials, are gearing up for potential new product launches. Analysts express optimism about the imminent expansion of the growth horizon within the Dengue vaccine industry. The strategic insights provided by FMI underscore the industry’s potential to address the rising prevalence of dengue fever, particularly in the Asia-Pacific region.

The Asia-Pacific region has witnessed a surge in the incidence of dengue fever, escalating the demand for effective medicines and vaccines to combat this viral disease. Against this backdrop, some pharmaceutical companies are focusing on the development of innovative dengue vaccines. FMI’s latest report highlights a positive trajectory for the Global Dengue Vaccines Industry, with a projected total valuation of US$ 474.8 million expected in 2023.

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Geographic Overview

Latin America is expected to remain the second largest market for dengue vaccines, with a valuation of nearly US$ 290 million by the end of the forecast period. The report also predicts that more pharmaceutical companies will become involved in the expansion of the Global Dengue vaccine industry shortly.

According to the report, government institutes will continue to be the largest end-users of dengue vaccines. Dengue vaccine sales across government institutes will generate nearly US$650 million in revenue by the end of 2027. Furthermore, hospitals will maintain their dominance, with double-digit CAGRs throughout the forecast period. Sales of the sole vaccine, Dengvaxia, manufactured by Sanofi, are currently driving market growth. Furthermore, the factors influencing the market growth profiled in the report are discussed below.

Key Highlights of Global Dengue Vaccines Industry Report

Other than the burdening occurrence of dengue in some countries, the economic turmoil in Latin America is estimated to influence the growth of the global market at the macroeconomic level.
Live attenuated vaccines are also produced and developed economically, thereby consoling the vaccine market and patients.
Low availability of optimum diagnostic systems and lack of skilled professionals have led to cases, where dengue fever is being treated as undistinguished febrile disease.
The global market of dengue vaccines is likely to secure an opportunistic revolution when companies are likely to able to successfully develop effective vaccines for all age groups.

Overall, the global dengue vaccines market, which is currently valued at nearly US$ 250 million, will increase rapidly to reach over US$ 1,250 million in terms of revenues, by the end of 2027.

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According to FMI’s report, the following dengue vaccine manufacturers operate within the Global Dengue Vaccines Industry landscape:

Sanofi Pasteur Limited
Takeda Pharmaceutical Company Limited
Merck & Co. Inc.
GlaxoSmithKline Plc.
GeneOne Life Science Inc.
Medigen Vaccine Biologics Corporation
Panacea Biotec Limited
Sun Pharmaceutical Industries Ltd
Serum Institute of India Pvt. Ltd.
Biological E Ltd.

Global Dengue Vaccines Industry Key Segments Covered

Product

CYD-TDV (Dengvaxia)

End-User

Hospitals
Government Institutes
Non-governmental Organizations (NGOs)

Region

North America (US and Canada)
Latin America (Brazil, Mexico, Venezuela, and the Rest of LATAM)
Western Europe (Germany, UK, France, Spain, Italy and Rest of Western Europe)
Eastern Europe (Russia, Poland and Rest of Eastern Europe)
APEJ (The Philippines, Indonesia, Malaysia, Thailand, Vietnam, India and Rest of APEJ)
Japan
Middle East & Africa (GCC, Northern Africa, South Africa and Rest of MEA)

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Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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AS-Interface Market is Projected to Reach US$ 2.5 Billion by 2032 | Future Market Insights, Inc.

The AS-interface industry is expected to develop significantly, reaching a value of US$ 2.5 billion by 2032. It is predicted to increase at a 6.5% CAGR from 2022 to 2032. In 2022, the market was estimated to be worth $1.1 billion.

Changing market trends are pushing up demand for actuator sensor (AS) interfaces in a range of applications, including warehouse management and robotics. This trend is expected to accelerate industry and market growth in the near future. AS-interface cables are replacing electric cables in the automation industry to link different I/O field devices like as gauges, valves, and actuators.

Area bridge, an industrial computer system protocol developed for optimal communication between sensors and actuators, is used by automation equipment makers. AS-interface also works with high-level field bus networks including DeviceNet, industrial Ethernet, Interbus, and Profibus.

It speeds up communication between sensors, controllers, and actuators. Because of its ease of use, variety, interoperability, and high efficiency, the AS-interface is widely employed by automation manufacturers all over the world.

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Because of the ease, speed, and small number of cables required for system installation, the global market for AS-interface is predicted to grow. Its application in workplace safety and the rapid expansion of automated processes would further increase demand.

The widespread adoption of industry 4.0 and the internet of things (IoT) across numerous industries is also fueling market expansion. They are used to enhance material flow and discover problems at an early stage in the product’s life cycle.

Government funding for factory automation is expected to promote use and development of AS-interface products even more. In comparison to wired devices, these are designed to assure safe data transfer and electricity.

Key Takeaways from AS-Interface Market Study

The global AS-interface market exhibited a CAGR of about 4.0% from 2017 to 2021.
Europe AS-interface market is projected to exhibit a CAGR of 40.2% in the next ten years.
The USA AS-interface market is expected to be worth US$ 417.3 million by 2032.
The United Kingdom AS-interface market is set to be worth US$ 152.5 million by 2032.
Based on application, the drive control segment is likely to surge at 6.1% CAGR from 2022 to 2032.

“In recent years, the automotive industry has been at the vanguard of implementing AS-interface technology. Process automation is being used more and more in the process industry, which is causing the market to expand.” – Says a lead analyst.

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Competitive Landscape: AS-Interface Market

Top AS-interface solution suppliers are putting a lot of effort into standing out from the competition by providing top-notch customer support and service. This might help improve client loyalty and satisfaction. It might also result in repeat business and positive word-of-mouth referrals.

A few local AS-interface solution suppliers might spend money on marketing and promotion to build their brands and draw in new clients. It would encompass print media, trade exhibitions, online advertising, and other outlets.

For instance,

In September 2021, Bihl+Wiedermann launched its new ASi-5/ASi-3 Gateways with high power needs for multiple nodes. Applications for industry 4.0 and the internet of things (IoT) receive data directly from the field level. The web server, among other things, offers quick system diagnostics and remote maintenance. Updates to the firmware and security are installed securely, and new features become accessible right away. Every new power supply has been thoroughly tested and optimized for usage with ASi-5/ASi-3 gateways.

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Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the AS-interface market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the AS-interface market in terms of component (AS-I gateway/master, AS-I power supply, AS-I slave, AS-I cable), application (material handling, drive control, building automation), and region.

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AS-Interface Market Outlook by Category

By Component:

AS-I Gateway/Master
AS-I Power Supply
AS-I Slave
AS-I Cable

By Application:

Material Handling
Drive Control
Building Automation

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Aquafeed Market is expected to grow at a robust CAGR of 6.8% till 2033, as projected by FMI

The Aquafeed Market has experienced significant growth over the past decade and is projected to continue expanding. Factors driving this growth include a rising world population, increasing health consciousness, and the declining availability of wild fish stocks. As a result, aquaculture is becoming a key solution to meet the growing demand for seafood.

Aqua feed, also known as fishfeed or fishmeal, is a crucial component of the aquaculture industry. It plays a pivotal role in providing essential nutrients to farmed aquatic animals such as fish, shrimp, and other crustaceans. The demand for aqua feed has been steadily increasing due to the rise in global fish consumption, growing aquaculture industry, and the need for sustainable protein sources.

By 2033, aquafeed market is expected to reach a valuation of US$ 90.9 billion, with a strong CAGR of 6.8% over the next ten years. This significant growth is anticipated from its starting point of US$ 46.8 billion in 2023.

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The aqua feed market has grown greatly due to multiple factors. Key reasons include growing customer awareness about the health benefits of seafood.

In aqua feed market, manufacturers’ profitability can impact as raw materials like fish meal, fish oil, and soya bean oil prices may fluctuate.

Market Opportunities

In aqua feed market, there are many opportunities as the demand for seafood is increasing day by day. There are many technological advancements are seen, such as the development of feed ingredients and formulations. From this also, the demand for acquiring seafood is increasing

This is a very sustainable way to produce seafood compared to traditional fishing. People are now becoming health conscious nowadays, so they are demanding aqua feed because it has many health benefits– it contains protein, minerals, fats, carbohydrates, and vitamins.

Key Takeaways

The aqua feed market is expected to grow consistently from 2023 to 2033, with a projected US $90.9 billion value by 2033.
In 2022, the United States emerged as the dominant force in the aqua feed market, commanding a significant market share of 31.2%.
Germany showcased impressive progress in 2022, attaining a market share of 8.5% and signaling a rising interest in the aqua feed sector.
The aqua feed market in Japan witnessed substantial expansion in 2022, securing a significant market share of 4.8% and demonstrating its increasing market potential.
India made a main entry into the aqua feed market in 2022, capturing a market share of 8.0% and showcasing its active involvement and influence within the industry.

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Competitors Winning Strategies

Competitors of the aqua feed market are applying many strategies to become a leading company. Companies are focusing on research and development to develop new ingredients which help enhance the health and growth of fish and other aquatic animals. They are opening new feed factories all over the world to meet the growing demand for aqua feed in their regions.

They are making partnerships with other industries as well to accelerate the development of new ingredients also, they get more new customers from other industries.

Top 15 Key Players in AquaFeed Market

Cargill, Incorporated
Charoen Pokphand Foods PCL
BioMar Group
Ridley Corporation Limited
Aller Aqua
Biostadt India Limited
BENEO
Alltech
INVE Aquaculture
AKER BIO MARINE
Skretting
Purina Animal Nutrition LLC
Dibaq Aquaculture
Avanti Feeds Limited
The Waterbase Limited

Recent Developments:

Aller Aqua: Aller Aqua revealed its relationship with the Bayrise fish farm in Kenya to its long-term development with high-quality goods that will enhance aquaculture in Kenya.
BioMar: BioMar and Mols Bjerge mutually started an effort to repair eelgrass ecosystems. The project, referred to as “Havets Grønne Enge”, will contribute to the sea environment and lower CO2 from the atmosphere.
Cargill: Cargill confirmed the official launch of its newest fish feed plant, Lotus II, in Vietnam. The fish feed plant includes two lines with an output of approximately 100,000 tons annually.

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Aquafeed Market by Category

By Species:

Crustaceans
Fish
Others

By Form:

Extruded
Powder
Liquid
Pellets

By Function:

Health
Digestion
Palatability
Special Nutrition

By Ingredients:

Marine
Land Animal
Veg/Grain
Carotenoid
Nutrients
Others

By Sales Channel:

Direct Sales
Indirect Sales
Hypermarket
Supermarket
Wholesalers
Speciality Stores
Online
Other Retail Formats

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 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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Gastric Electrical Stimulator Market Anticipated to Reach US$433.8 Million by 2033, at a (CAGR) of 6.1%

The global gastric electrical stimulators market devices that treat gastrointestinal diseases with electrical impulses is expected to develop significantly during the next ten years. A recent analysis projects the market to reach US$433.8 million by 2033, indicating a compound annual growth rate (CAGR) of 6.1% from current 2023 value of US$240.6 million.

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There are two main elements driving this growth:

Technological developments: Patients with chronic stomach disorders like gastroparesis now have a more accurate and maybe more successful therapy option because to the development of high-frequency gastric electrical stimulators. This illness results in delayed stomach emptying, which can induce vomiting, nausea, and malnourishment. For the management of these problems, high-frequency stimulators provide a minimally intrusive option.
Management of chronic diseases: There is an increased need for efficient treatment options due to the growing incidence of chronic diseases such as gastroparesis. For patients who have not responded well to conventional drugs or therapy, gastric electrical stimulators offer a dependable and long-term option.

Gastric electrical stimulators are predicted to become more and more in demand due to the growing senior population’s susceptibility to chronic digestive disorders and the growing emphasis on minimally invasive therapies. This pattern, along with continuing technological developments, bodes well for the stomach electrical stimulator industry.

Key Takeaway:

The global gastric electrical stimulator market is expected to reach US$433.8 million by 2033, growing at a CAGR of 6.1% from its 2023 valuation of US$240.6 million.
Advancements in high-frequency stimulators and their effectiveness in managing chronic conditions like gastroparesis are key growth drivers.

The Dynamic Landscape:

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interests of potential buyers and create a larger customer base. For instance,

IntraPace Inc. was established in 2001 to address an unmet need in weight loss surgery by continuing to develop a gentler solution. The company is focusing on gastric pacing devices that use electrical stimulation to influence gut contractions.

Key Developments

Medtronic teamed up with Google, a leader in artificial intelligence, to use AI to improve gastric electrical stimulators. This partnership aims to create a cutting-edge stimulator that can adjust to the needs of each patient, potentially revolutionizing the effectiveness and personalization of treatment.
The INSPIRIS Control wireless stomach electrical stimulator, introduced by IntraPace in 2021, represented a significant advance in patient-centered technology. This wireless technology offers a more practical and patient-friendly alternative by not requiring invasive surgery for installation or removal, potentially changing the face of stomach electrical stimulation therapy.

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Key Companies Profiled:

Medtronic Plc.
IntraPace Inc.
ReShape Lifesciences Inc.
Changzhou Ruishen Medical Equipment Co. Ltd.
Chentao Medical Equipment
Rishena Co. Ltd.
Enterra TM

Key Segments of Gastric Electrical Stimulators Industry Survey:

By Type:

High Frequency
Low Frequency

By Application:

Gastroparesis
Obesity

By End User:

Hospitals
Ambulatory Surgical Centers
Other End Users

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East & Africa

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Global Cold Cough and Sore Throat Remedies Industry is expected to reach a valuation of US$37.7 Billion by 2032 | FMI

According to a recent industry analysis, the Global Cold Cough and Sore Throat Remedies Industry is expected to maintain a steady growth trajectory. While reaching a projected valuation of US$ 39.9 billion by the end of 2022, the market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 0.6% from 2022 to 2032, reaching US$ 37.7 billion by 2032.

The market’s upward trajectory is propelled by factors such as the increasing prevalence of infectious diseases, a rising awareness of health matters among the population, and the escalating consumption of various medications, including antihistamines, antibiotics, and bronchodilators. These dynamics collectively contribute to the positive momentum in the global cold, cough, and sore throat remedies market.

Seeking professional medical help for curing a cold, cough, or sore throat becomes a rare practice, let alone getting admitted in a hospital. The prevalence of cold, cough & sore throat problems through the ages has made people more independent in terms of treating them. In the years to come, effective home remedies will continue to gain traction and people will be taking care of their cold or sore throat through such easy-to-treat remedies.

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In the report, titled “Global Cold Cough and Sore Throat Remedies Industry” Analysis and Opportunity Assessment, 2016-2026,” affordability of OTC drugs, the rising economic burden of respiratory diseases, the availability of medications in variable dosages, and fast & instant relief delivered through such cold, cough & sore throat remedies are driving the market’s growth. Nevertheless, the demand for cold, cough & sore throat remedies is less likely to soar at a healthy rate.

Product Recalls & Low Entry of New Players Impacting the Market’s Growth

Firstly, the global cold, cough & sore throat remedies market is projected to witness umpteen product recalls. Global leaders in the pharmaceuticals industry such as Novartis AG, Pfizer Inc., Bayer AG, GlaxoSmithKline plc., and Reckitt Benckiser Group plc are key players in the Global Cold Cough and Sore Throat Remedies Industry. Despite this, several newly-launched products have been recalled after FDA’s censure. Besides, even consumer goods behemoths such as Procter & Gamble Co. and Johnson & Johnson Services Inc. are partaking in the market’s growth. This has resulted in a lowering entry of emerging drugmakers, which has further distorted the market’s growth. Other leading manufacturers of cold, cough & sore throat remedies include AstraZeneca plc, Prestige Brands Inc., and Sun Pharmaceutical Industries Ltd.

The report highlights how Asia-Pacific Excluding Japan (APEJ) region will remain the largest market for cold, cough & sore throat remedies. The region’s proximity to environmental pollution makes its residents more prone to respiratory diseases. With over 30% stake in global revenues, the APEJ cold, cough & sore throat remedies market will globally dominate through 2026. North America and Europe will also remain at the forefront, by collectively accounting for nearly half of the global revenues throughout the forecast period.

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The report further reveals that in 2017 and beyond, the demand for antihistamine drugs, expectorants and decongestants will remain considerably high as the revenues from sales of these drugs will showcase growth at more than 3% CAGR. Tablets or pills and nasal drops will also dominate as dosage types, accounting for over 40% share of market value through 2026. The report also predicts retail pharmacies & drug stores as the largest distribution channels for cold, cough & sore throat remedies. Together, these channels will bring in nearly US$ 30 Bn by the end of 2026.

Key segments covered in the Global Cold Cough and Sore Throat Remedies Industry report

By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Supermarket/ Hypermarkets
e-Commerce/ Online pharmacies

By Dosage Type

Oral Syrup
Tablets/Pills
Lozenges
Nasal Drops
Others

By Drug Type

Antihistamines
Expectorants
Bronchodilators
Decongestants
Antibiotics
Others

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Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Fermented Dairy Ingredients Market Poised for Surge to US$ 16,485.5 Million by 2033

The global fermented dairy ingredients market is expected to accumulate US$ 7,884.0 million in value by 2023-end. During the forecast period ranging from 2023 to 2033, a CAGR worth 8.2% has been projected for the market, with an expected closing value worth US$ 16,485.5 million. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 8.1%.

Fermentation of dairy products such as cheese, yogurt and butter are a natural process to use microorganisms, such as good bacteria to break down the carbohydrates for the conversation of sugars into organic acids or organic alcohols. Traditionally, this practice was adopted just to preserve food and increase the shelf-life of dairy products, but modernization has increased the usage of fermentation as more than just a preservative.

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The surge in the fermented dairy ingredients market can be attributed to the following factors

Advantages on the overall health	FMI researchers remark that there has been a rapid increase in the number of health-conscious consumers and the rising awareness about the benefits of the probiotic bacteria in fermented dairy ingredients on a massive scale creates revenue generation opportunities.
Increasing consumption of dairy products	The millennials and GenZ are attracted to the low-fat content and unique flavors of fermented dairy ingredients, and thereby the market has seen a positive shift towards the increased consumption of processed cheese and other dairy products in the food industry.
Escalated demand for flavored milk	Kefir, a fermented tangy milk drink produced by kefir grains, is loaded with health benefits. This leads to an amplified demand for kefir in recent years due to consumers’ preference of a healthy and nutritional diet. With the increasing demand of such flavored milk, the fermented dairy ingredients market players experience a boost.

The major challenge posed to the fermented dairy ingredients market is the storage related issues. The requirement for a proper storage system to prevent the dairy products from getting sour is a big challenge for manufacturers. Moreover, the frequent changes in price of fermented dairy products create a disturbance in the market impacting growth.

Key Takeaways

The United States controls the worldwide fermented dairy ingredients industry with a value share of 19.4%.
Germany accounts for 7.1% of the overall value of the global fermented dairy ingredients market.
Australia has 2.7% of the global market for fermented dairy ingredients.
China is exhibiting a phenomenal CAGR of 11.1% in the global fermented dairy ingredients industry.
In the global market for fermented dairy ingredients, India has a phenomenal CAGR of 5.6%.
Japan accounts for 4.3% of the global fermented dairy ingredients market value

Competitive Landscape

Key fermented dairy ingredients manufacturers are seeking ways to increase their market share with joint ventures, mergers, acquisitions and new product launches. The swelling dispersion of start-ups in the market has led to an increase in production quality and amplified global sales.

Some of the most known players in the fermented dairy ingredients market are

Cargill Incorporated
Kerry Inc
Archer Daniels Midland Company
Arla Foods Ingredients Group
CSK Food Enrichment
Dairy Connection
Corbion

Recent Developments

DairyChem is a natural dairy manufacturing business that specializes in providing a natural flavor encompassing both basic milk and milk components flavor through highly complex cheese and cultured dairy flavors. It introduced a variety of flavors ranging from butter flavors, cheese flavors, to blended natural dairy flavors.
Royal DSM, in April 2023, launched a Plant Power Toolkit for plant-based fermented products, like yogurt alternatives. It reduces the complexity of formulating plant-based fermented products and enhances quality.

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Fermented Dairy Ingredients Market by Category

By Product Type:

Cheese
Natural Cheese
Cultures
Enzymes
Starch
Modified Starch
Native Starch
Sweetener
Processed Cheese
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Flavored Milk:
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Yogurt:
Sponable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener
Drinkable Yogurt
Cultures
Enzymes
Starch
Starch Modified
Starch Native
Sweetener

By Application:

Bakery
Dairy
Snacks
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
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 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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Plant-Based Ice Cream Market Forecasted to Reach US$ 4.3 Billion by 2033 | FMI

The predicted valuation of the worldwide market for plant-based ice cream in 2022 was approximately US$ 1.6 billion. Manufacturers’ focus on developing and marketing new “clean label” and “label free” plant-based ice cream products will drive the growth of the global market for plant-based ice cream in the next years. Considering a 10% CAGR from 2023 to 2033, it is anticipated to have produced a total of US$ 4.3 billion by 2033.

The demand for plant based ice cream is being driven by the quickening pace of commercialization and rising supply of plant-based milk. Market perception is improved through product innovation that improves flavor and technology developments in the sector.

A number of product launches catering to various preferences and tastes will stimulate the market throughout the projection period. For example, in addition to its current varieties, Ben & Jerry’s has developed a number of new tastes, especially for the United Kingdom. The market penetration of several multinational corporations will increase the number of distribution channels, which will increase the product’s overall sales volume.

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One of the key factors driving the market’s expansion is the increasing demand for a wide variety of flavors from ice cream enthusiasts. In a nutshell, the market growth rate is being boosted by the increased availability of flavors which includes mint chip, pistachio, peanut butter, strawberry, fudge brownie, vanilla, coffee hazelnut, raspberry, lemon and salted caramel.

Key Takeaways from the Market Study

The global market for plant-based ice creams saw a CAGR of 3.3% from 2018 to 1022.
In 2022, the coconut taste will hold a 43% market share, making it the dominant category.
Chocolate is expected to expand at a CAGR of 15.2% over the course of the forecast period, making it the most popular taste among consumers.
The United States market is predicted to expand steadily from 2023 to 2033 at a CAGR of 5.3% in 2022.
From 2023 to 2033, the Indian market for plant-based ice cream is anticipated to grow at a CAGR of 8.5%.
From 2023 to 2033, the market in the United Kingdom is projected to expand at a CAGR of 5.5%.

“Rapidly increasing instances of lactose intolerance consumers along with other milk-related health problems, and some socializing trends, are predicted to drive market expansion throughout the projection period,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Competitive Landscape

Key businesses are placing a lot of emphasis on developing and creating new products in order to satisfy customer demand while maintaining premiumization by providing a range of flavors and product quality.

The market for plant-based products remains untapped and lucrative for manufacturers as more customers adopt healthy eating trends. The market under study will also be improved further by raising R&D expenditures and investigating new distribution methods, such as internet retail channels.

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Prominent players in the plant based ice-creams market are:

Unilever Plc.
Nestle SA
Tofutti Brands Inc.
General Mills, Inc.
Danone SA,
Booja Booja Company Ltd.
Little Red Rooster Ice Cream Company
Bliss Unlimited LLC.
JUDE’S
Oatly.

Key Segments Profiled in the Global Plant Based Ice-creams Market

By Form:

Singles
Blends

By Product Type:

Bars
Cones
Cups/Tubs
Others

By Flavor:

Fruits
- Strawberry
- Banana
- Orange
- Raspberry
- Pomegranate
- Lemon
- Others
Nuts
- Coconut
- Almond
- Hazelnut
- Others
Herbs
- Cinnamon
- Mint
- Peppermint
- Others
Beans
- Vanilla
- Chocolate
- Coffee
- Others

By Source:

Soy Milk
Coconut Milk
Almond Milk
Cashew Milk
Others

By Sales Channel:

Direct Sales
Indirect Sales
Hyper/Supermarket
Franchise Outlets
Online
Other Retail Formats

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Some key developments of the leading companies in this market are:

Keventers, a 97-year-old dairy brand as well as restaurant chain famed for its milkshakes along with ice creams, extended its product offering with its first selection of plant-based ice cream in 2023 in India produced with coconut milk. Two flavors—Vegan Strawberry and Vegan Dark Chocolate—have been introduced by the firm.
Unilever introduced the new Magnum Vegan Raspberry Swirl in Veganuary 2023. It is a silky raspberry ice cream featuring swirls of tart raspberry sauce and is covered in vegan chocolate. New Magnum Vegan Minis were released in Australia, North America, New Zealand, Israel, as well as Europe during the preceding Veganuary.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global plant based ice-creams market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the plant based ice-creams market, the market is segmented on the basis of plant based ice-creams by form (singles, blends), product type (bars, cones, cups/tubs, others), flavor (fruits, nuts, herbs, beans), source (soy milk, coconut milk, almond milk, cashew milk), sales channel (direct sales, indirect sales, hyper/supermarket, franchise outlet, online) and across five major regions (North America, Latin America, Europe, Asia Pacific and 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