Adherence Packaging Market to Reach US$ 1,870 Million by 2033, Fueled by 6.59% CAGR and Rising Demand for Effective Medication Management

The global adherence packaging market is poised for significant growth, with a projected valuation of US$ 1,870 million by 2033. This represents a CAGR of 6.59%, driven by a growing need for improved medication adherence and reduced drug waste.

Combating Medication Non-Adherence

Poor adherence to medication regimens is a major concern, leading to avoidable hospitalizations and increased healthcare costs. Adherence packaging offers a solution by providing organized and convenient medication dispensing, particularly for patients with chronic conditions.

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Reducing Drug Waste

Medication waste is a growing concern, impacting both budgets and the environment. Adherence packaging helps to minimize waste by ensuring patients take the correct dosage at the right time.

Innovation Drives Functionality

The market is witnessing exciting advancements. Integration of near-field communication (NFC) or radio frequency identification (RFID) technology allows for verification of medication dispensing. Additionally, unit-dose blisters can incorporate passive, active, and interactive features to address medication safety and combat the opioid epidemic.

Focus on Patient Empowerment

Adherence packaging offers features that empower patients. Passive elements include reminders and warnings printed directly on the packaging. Dynamic features utilize electronics for alarms or reminders for missed doses. Interactive features allow patients to record doses and timing, fostering responsible medication management.

Government Initiatives Fuel Growth

Government efforts to raise awareness about medication adherence are driving market expansion. This includes promoting packaging solutions that allow patients to track their medication intake, simplifying medication routines and improving overall health outcomes.

Blister Packaging Offers Protection

Blister packaging is gaining traction, offering protection from contamination and preserving the integrity of medications. Blister packs and dosage strips organized by time or date simplify medication schedules, promoting adherence.

North America Remains Dominant

North America is expected to retain its leading position in the adherence packaging market, driven by factors such as the rising prevalence of chronic diseases, an aging population, and increasing healthcare expenditure.

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Europe on the Rise

Europe is projected to witness the fastest growth rate, fueled by significant government funding for research and development, a growing elderly population, and a strong presence of leading adherence packaging companies.

Pharmaceutical Industry Embraces Adherence Solutions

The pharmaceutical industry recognizes the benefits of adherence packaging in improving treatment outcomes and reducing healthcare costs. Adherence packaging streamlines medication scheduling and home delivery, enhancing patient care and overall public health.

Market Restraints:

  1. Cost: Adherence packaging can be more expensive than traditional packaging, which may deter some healthcare providers and patients.
  2. Environmental Concerns: Some adherence packaging materials, such as blister packs, are not environmentally friendly, raising sustainability concerns.
  3. Resistance to Change: Healthcare systems and patients may resist transitioning to adherence packaging due to established routines and practices.
  4. Complex Medication Regimens: Adherence packaging may not be suitable for patients with highly individualized or frequently changing medication regimens.
  5. Data Privacy Concerns: Electronic adherence packaging solutions may raise privacy concerns regarding the collection and sharing of patient data.
  6. Healthcare Infrastructure: In regions with underdeveloped healthcare infrastructure, access to adherence packaging solutions may be limited.

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Key Players

  • Accu-Chart Plus Healthcare Systems, Inc.
  • Arxium, Inc.
  • Becton
  • Dickinson and Company
  • Cardinal Health, Inc.
  • Manrex Limited
  • Mckesson Corporation
  • Medicine-On-Time
  • Omnicell
  • Pearson Medical Technologies LLC
  • TCGRx
  • WestRock Company

Segmentation

Material type:

  • Plastic Film
  • Paper & Paperboard
  • Aluminum
  • Others

Packaging Type:

  • Strip/Pouch
  • Blister Card
  • Others

End-Use:

  • Retail Pharmaceuticals
  • Clinics & Pathology Labs
  • Others

 

 

Microencapsulated Omega-3 Powders Market Poised for Steady Growth: Investors Eye Lucrative Opportunities Amid Rising Health Awareness

Microencapsulated Omega-3 Powders Market
Microencapsulated Omega-3 Powders Market

The global microencapsulated omega-3 powders market size is likely to exceed US$ 17.4 Bn in 2032 and exhibit steady growth at a CAGR of 8.2% in the forecast period from 2022 to 2032. Increasing product consumption on the back of changing dietary habits and the rising prevalence of cardiovascular diseases is set to push growth. 

As per a report by FMI, demand for microencapsulated omega-3 powders is projected to reach US$ 10.5 Bn in 2022. Surging investment by consumers in products associated with their healthcare and well-being is anticipated to bode well for the market. 

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A rise in the hectic schedules of consumers has contributed to a notable shift towards junk food and packaged food, which is devoid of the required quantity of nutrients. With the bridging of the information gap apropos of the importance of nutrition for bodily functions, high trends of consuming dietary supplements have been witnessed, which is projected to hold sustained growth opportunities for the microencapsulated omega-3 powders market in the upcoming years. 

Microencapsulated Omega-3 Powders Market – Novel Developments 

Significant players functioning in the microencapsulated omega-3 powders market have been striving to create strong brand recall value by strategically positioning their products in the storefronts and streamlining their distribution channels. Diversification of their product portfolio by enriching the product is yet another strategy observed in the microencapsulated omega-3 powders market. A large number of promotional activities are undertaken by the companies to create awareness pertaining to the novel product launches and their unique selling propositions. 

Some of the key players operating in the microencapsulated omega-3 powders market include KD Pharma Group, Venketesh Biosciences LLP, Wincobel, Stepan Company, Socius Ingredients, Benexia, Biosearch, SA, Glanbia Nutritionals, Clover Corporation, Skuny Bioscience Co., Ltd., BASF SE, Novotech Nutrition, and Koninklijke DSM N.V. 

In September 2017, Benexia – a significant player functioning in the microencapsulated omega-3 powders market announced the launch of ALA Powder, which contains ALA fatty acid in rich quantities and boasts the same stable nature as that of Chia oil. The powder can be used as a nutritional supplement for instant soup, baby food, chocolate, infant formula, and cocoa powder. 

In February 2019, Glanbia Nutritionals completed the acquisition of Watson with the sole objective to cement its current position as a market leader in the nutritional sector. The transaction will help in expanding the competency set of Glanbia such as edible film technologies, microencapsulation, agglomeration, spray drying, and micronizing capabilities. 

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Ease of Product Distribution with E-commerce to Lend Promising Sales Probabilities 

With the rising competition in the microencapsulated omega-3 powders market, manufacturers have been rethinking their distribution and product projecting strategies. This has resulted in the use of supermarkets/hypermarkets for the showcasing of their products and increasing their sales prospects. The advent of e-commerce has further offered lucrative sales opportunities to the microencapsulated omega-3 powders with its capability to map geographical footprints. This has offered consumers with the ease to the accessibility of these dietary supplements irrespective of their location, which is anticipated to intensify the sale probabilities of these supplements and in turn, create favorable growth scenarios for the microencapsulated omega-3 powders market. 

Food and Beverage Industry to Remain a Key Contributor to the Growth of the Microencapsulated Omega-3 Powders Market 

Growing cognizance apropos of maintaining well-being has shifted the preference of consumers toward healthy food products. Observing this affinity of consumers towards nutritional diets, manufacturers operating in the food and beverage industry have been leveraging these dietary supplements to enhance the desirability of their products. As a result, the food and beverage industry has been acting as a significant growth driver for the dietary supplements market in general and the microencapsulated omega-3 powders market in particular. 

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Microencapsulated Omega-3 Powders Market – Segmentation 

The microencapsulated omega-3 powders market can be bifurcated on the basis of: 

  • Nature 
  • Distribution Channel 
  • Type 

Depending on the nature, the microencapsulated omega-3 powders market can be bifurcated into: 

  • Organic 
  • Conventional 

Based on the distribution channel, the microencapsulated omega-3 powders market can be classified into: 

  • Direct 
  • Indirect 
  • Store-based 
  • Supermarket/Hypermarket 
  • Convenience Stores 
  • Discount Stores 
  • Food and Drink Health Stores 
  • Online 

On the basis of type, the microencapsulated omega-3 powders market can be segmented into: 

  • Alpha-linolenic acid (ALA) 
  • Eicosapentaenoic acid (EPA) 
  • Docosahexaenoic acid (DHA) 

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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Drag Reducing Agents: A US$ 1.1 Billion Opportunity Fueled by Infrastructure Boom and Oil Security Concerns

The drag reducing agent industry is likely to expand its roots at an average CAGR of 5.6% between 2023 and 2033. The market is expected to have a market share of US$ 1,159.5 million by 2033, while it is projected to be valued at US$ 672.4 million in 2023.

  • The growing population is pushing people to find new accommodations. The situation also leads to higher renovation and construction activities in emerging economies are expected to propel market growth. Furthermore, advanced adhesive technology is garnering the market.
  • The proliferating web of oil pipelines is demanding high-maintenance and turbulence-controlling tools and adhesives. The use of factors like frictional pressure drops and drag helps the pipelines control the turbulence while controlling the pipeline damage.
  • New government projects, higher developments in oil and gas companies, and extension of oil supplies have garnered market growth. Alongside this, the private oil companies increasing their logistics budget for lower risks are also helping the market expand its roots.
  • The fast-evolving requirements of oil producers and shippers push the vendors to add constant support to the bottlenecks. The new pipeline drags reducing agent (DRA) optimization systems and even identifies the areas where the DRA needs to be added.
  • The ongoing Russia-Ukraine war has led countries to build new pipelines with advanced technological additions. Hence, higher sales of drag-reducing agents are expected during the forecast period.

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 Key Points

  1. The United States market leads the drag reducing agent market in terms of market share in North America. The United States region held a market share of 35.6% in 2022. The growth in this region is attributed to higher oil consumption, higher demand for faster oil supply, and the presence of oil companies importing oil through pipe transportation.
  2. The German market is another important market in the European region. The market thrived at held a market share of 2.6% in 2022. The growth is attributed to the presence of pipelines supplying oil to gas to Europe through the Eastern Russian oil stations.
  3. The Chinese drag reducing agent market thrives at a CAGR of 6.1% during the forecast period. The growth is caused by higher economic activities and rising oil consumption.
  4. The Indian market thrives at a CAGR of 6.5% between 2023 and 2033. The higher growth rate is caused by higher consumption, exports through multiple sources, and enhanced pipeline transportation through private oil companies.
  5. Based on product type, the polymer segment leads the market, as it held a share of 66.10% in 2022.
  6. Based on the end user, the oil and gas segment leads the market as it held a market share of 40.2% in 2022.

Competitive Landscape

The key vendors focus on enhancing the laminar flow and pipeline capacity. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

  • Innospec has introduced its Drag Reducing Agents (DRS). The product claims to improve operating costs without sacrificing the pipeline throughput.
  • Baker Hughes has introduced the FLO XLWR drag reducing agent that boosts the pipeline performance and achieves greater than 70% drag reduction at a lower treatment rate.

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Drag Reducing Agent Market: Key Players

  • Baker Hughes
  • Flowchem
  • Innospec
  • Lubrizol Specialty Products Inc.
  • NuGenTec
  • Oil Flux Americas
  • Sino Oil King Shine Chemical
  • Superchem Technology
  • The Zoranoc Oilfield Chemical
  • China National Petroleum Corporation
  • Others

About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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Explosive Growth Forecasted: Investing in Australia’s Booming Legal Cannabis Industry with Projected US$ 828.2 Million Market Value by 2033

Legal Cannabis Market
Legal Cannabis Market

The legal cannabis industry in Australia had an estimated market value of US$ 67.4 million in 2022; it is predicted that this market would increase to US$ 828.2 million by 2033, with a strong CAGR of 30.1% from 2023 to 2033. The therapeutic application segment of the Australian legal cannabis market is predicted to expand at the fastest rate during the forecast period. The Australian government encourages the use of cannabis products for medicinal purposes, and more individuals are becoming aware of the good impact that they may have on their health.

The public’s increased awareness of the benefits of cannabis use for health is causing the industry to rise. The market in Australia is expected to grow as marijuana usage becomes progressively legal, mostly for medical purposes. Other significant factors contributing to the rise include the spread of legality, the expanding patient population, greater government support, and the existence of both domestic and foreign companies in the sector.

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The recreational application category of Australia’s legal cannabis industry is predicted to grow at the fastest pace throughout the forecasted timeframe. The growing public understanding of cannabis and the expanding legality of its recreational consumption and cultivation are the primary forces behind the rise of this business sector. The category is growing as a result of both the Australian government’s encouragement and the rising usage of cannabis for its therapeutic properties.

Key Takeaways from the Market Study

  • According to estimates, the legal cannabis business in Australia would generate US$52.5 million in revenue in 2018.
  • Sales in the legal cannabis market in Australia increased significantly between 2018 and 2022, with a CAGR of 20.9%.
  • The industrial application sector led the Australia legal cannabis market in 2022 by capturing a 81.2% revenue share.
  • CBD has the largest legal cannabis market share in Australia, accounting for 66.4% of the local market in 2022.

“The therapeutic application segment of the Australian legal cannabis market is predicted to expand at the fastest rate during the forecast period as the Australian government encourages its use for medicinal purposes and more individuals are becoming aware of the benefits cannabis products may have on their health.”–Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape

Numerous domestic and international companies substantially dominate the legal cannabis industry in Australia. Local businesses are concentrating their efforts on extending their geographic reach, domestic exports, and customers. Regional businesses are receiving money from international players to improve their positions in Australia’s legal cannabis industry. The following are some significant advancements in Australia’s legal cannabis industry:

  • Cann Group, an active participant in the Australian medicinal cannabis business, has revealed its unaudited sales statistics for fiscal year 2023, demonstrating exceptional growth. Unaudited operational revenue of about $13.5 million is what the firm anticipates, which is a significant rise of 111% over the prior fiscal year. Strong market demand, notably for items made of dried flowers, which grew by an incredible 500% from the previous year, is what’s driving this large increase in income. The domestic market has been the main driver of the remarkable rise in revenue, with Cann Group effectively capturing new clients and negotiating supply agreements with a number of old clients.
  • In July 2022, Bod Australia (BDA) introduced a new medical cannabis product for the Australian market under its already-established MediCabilis brand. The item is marketed as Bod Bio-Absorb 100 and has a specially created CBD compound in soft gel form. The introduction of Bio-Absorb 100 broadened Bod’s selection of medical cannabis, enhance its current offerings, and establish a new delivery method.

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Strategic Investment in Incannex Healthcare:

Exploring Australia’s top cannabis companies, Incannex Healthcare stands out, presenting a diverse portfolio and innovative products like CanQuit. Investors looking for strategic plays in the evolving cannabis landscape may find Incannex Healthcare an intriguing prospect.

Key Segments Profiled in the Australia Legal Cannabis Market

By Source:

  • Marijuana
    • Flower
    • Oil & Tinctures
  • Hemp
    • Hemp CBD
    • Supplements
    • Industrial Hemp

By Derivates:

  • CBD
  • THC
  • Others

By End-Use:

  • Medical Use
    • Chronic Pain
    • Anxiety and Depression
    • Cancer
    • Arthritis
    • Diabetes
    • Glaucoma
    • Migraines
    • Epilepsy
    • Multiple Sclerosis
    • AIDS
    • Amyotrophic Lateral Sclerosis
    • Alzheimer’s
    • Post-Traumatic Stress Disorder (PTSD)
    • Parkinson’s
    • Tourette’s
    • Others
  • Recreational Use
  • Industrial Use

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Post-Harvest Treatment Market Set to Surpass US$ 2.2 Billion by 2032: Investors Eye Growth Opportunities in Agriculture Preservation Technologies

Post-Harvest Treatment Market
Post-Harvest Treatment Market

According to the latest report by Future Market Insights (FMI), the global post-harvest treatment industry is expected to grow at a CAGR of 4.7% during the assessment period (2022-2032), surpassing US$ 2.2 Bn by 2032.

The Post-Harvest Treatment Market is a critical segment of the agriculture industry that addresses the preservation and enhancement of harvested crops. With a growing global population and increasing demand for fresh produce year-round, post-harvest treatments play a vital role in minimizing losses due to spoilage, pests, and diseases. This market encompasses a wide range of technologies, including cold storage, controlled atmosphere, ethylene inhibitors, and bio-based solutions.

Increasing trade of fresh vegetables and fruits as compared to the other commodities is the primary factor underpinning the growth in the post-harvest treatment industry. This growing trade of exotic vegetables and fruits is increasing the usage of post-harvest treatment to keep the inventory of exotic vegetables and fruits fresh for longer periods of time.

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Further, with the increasing popularity of continental dishes, the consumption of exotic vegetables and fruits in the hospitality industry is surging. Moreover, exotic fruit-based flavors are gaining popularity in countries such as India and China. Hence, the flavor ingredient manufacturers are investing extensively in food products such as ViDA Juice dragon fruit with tonic and flavored frozen pops and Ruby Rockets with grape and acai.

“Increasing adoption of innovative technologies such as chemical-free fumigation techniques for post-harvest treatment of vegetables and fruits is offering significant growth opportunities for the post-harvest treatment market players”, Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from Market Study

  • The post-harvest treatment industry is expected to expand at a CAGR’s of 8.7% and 7.9% in Latin America and Middle East & Africa, respectively through 2032.
  • East Asia and South Asia are expected to hold market share of 18.5% and 13.7% respectively in 2022.
  • Based on category, the fruits segment is expected to dominate the market holding around 67.4% share in 2022
  • Among the product type, coatings will account for around 43.6% share in 2022 and it is expected to grow at a CAGR of 2.9% over the forecast period.
  • Regionally, North America is dominating the post-harvest treatment market with a demand share of around 23.9% share in 2022.

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Competitive Landscape

Key players operating in the post-harvest treatment industry are focusing on developing new products in order to improve their existing product portfolio. For Instance –

  • In September 2021, Pace International LLC (US) announced PrimaFresh 60 OR, which was created specifically to improve dehydration control in stone fruit and increase its fresh attractiveness.
  • In March 2021, Citrosol (Spain) released Citrocide Fresh Cut, which helps to prevent the decay of peppers, tomatoes, and avocados.

Post-harvest Treatment Market by Category

By Category:

  • Fruits
  • Vegetables

By Product Type:

  • Coatings
  • Cleaners
  • Sanitizers
  • Fungicides
  • Sprout Inhibitors
  • Ethylene Blockers

By Region:

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

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About Future Market Insights (FMI)

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

 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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Functional Extracts Market Surges: Investors Eye Growth Opportunities with 6.5% CAGR Forecast to Reach US$ 190.95 Billion by 2032

Functional Extracts Market
Functional Extracts Market

The Functional Extracts Market is expected to register a CAGR of 6.5% during the forecast period, up from US$ 98.9 Bn in 2021 to reach a valuation of US$ 190.95 Bn by 2032.

The functional extracts are concentrated phytonutrients that are available naturally in most vegetables, plants, and fruits. Functional extracts are the extracts derived from sources like plants, vegetables, and fruits. Functional extracts play an important role in increasing the nutritional levels of food products, supplements, and drinks.

Some of the plants, vegetables, and fruits used in the extracting of the ingredients are apple, grass, almonds, alfalfa grass and many such products. The addition of functional extracts in the products does not change its taste or feel.

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These are absolutely natural and organic in nature. Functional extracts are essential and are used to enhance the overall nutritional value of the food and beverage. The key regions that are involved in the global functional extracts market include North American, Asian, and European countries. Some of the leading players in the global functional extracts market are Applied Food Sciences Inc., Future Ceuticals Inc., Morre-Tec Industries Inc., Kerry Inc., Pure World Inc., Naturex Inc., and VF Bioscience SAS.

Awareness Regarding Health Benefits of Organic Products Is Driving the Functional Extracts Market

The overall functional extracts market is booming rapidly across the globe. The major driver that is driving the demand for the functional extracts market is the increase in the use and consumption of organic products in the food and beverages, cosmetics, pharmaceuticals, and other industries. Consumers are demanding the use of natural and organic ingredients in these products which are driving the functional extracts market at a rapid pace.

The growing trend of consumers’ inclination towards organic and natural food products is driving the global functional extracts market. There is also an increased awareness amongst people regarding the benefits one gets from by using and consuming naturally extracted products which is supporting the growth of the functional extracts market. The growth is observed due to increased production and consumption of the nutritional food in the market. The main restraint in the functional extracts market is the availability of substitutes and a very low supply of raw materials.

Functional Extracts Market: Regional Analysis

The countries that are largely involved in the global functional extracts market are Germany, the US, China, the UK, Thailand, India, and Brazil.

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Functional Extracts Market: Key Participants

Some of the market participants in the functional extracts market are:

  • Archer Daniels Midland Company
  • Green Source Organics
  • The Green Labs LLC
  • Bell Flavors and Fragrances
  • Applied Food Sciences Inc.
  • FutureCeuticals Inc.
  • Morre-Tec Industries Inc.
  • Kerry Inc.
  • Pure World Inc.
  • Naturex Inc.
  • VF Bioscience SAS
  • NOF America Corporation
  • Teawolf LLC
  • Kalsec Inc.
  • Tianjiang Pharmaceutical Co., Ltd.

Functional Extracts Market Segmentation

The functional extracts market is segmented on the basis of nature, application, and source.

On the basis of nature, the functional extracts market can be segmented as:

  • Organic
  • Conventional

On the basis of application, the functional extracts market can be segmented as:

  • Food and beverages
  • Drinks
  • Dairy
  • Dietary supplements
  • Food
  • Human nutrition
  • Animal nutrition
  • Personal care
  • Cosmetics
  • Hair care
  • Skin care
  • Pharmaceuticals
  • Perfume

On the basis of source, the functional extracts market can be segmented as:

  • Plants
  • Vegetables
  • Fruits
  • Seeds
  • Flowers

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Almond Oil Market Poised for Exponential Growth: Investors Eye Lucrative Opportunities with 11.0% CAGR Forecast by 2033

Almond Oil Market
Almond Oil Market

The global almond oil market is to be worth US$ 1.356 billion in 2023 and is expected to grow to US$ 3.9 billion by 2033. From 2023 to 2033, the global almond oil industry is expected to record a CAGR of 11.0%.

The almond oil business is growing due to an increase in the manufacturing of aromatherapy goods, customer desire for cosmetic products containing natural components, urbanization, and growth in the applications of almond oil in the pharmaceutical business.

Other factors that contribute to almond oil market expansion include changes in lifestyle and an increase in disposable income. The high cost of almond oil can restrain market expansion. Growth in demand from growing nations such as China and India and government policies encouraging the use of natural and organic components in cosmetic formulations give excellent potential for market expansion of almond oil.

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Harnessing the Power of Almond Oil for a Healthier You

Almond oil can help minimize the chance of irregular heartbeats or arrhythmias, leading to the patient’s premature death. It also contributes to lowering triglyceride levels, reducing the growth rate of atherosclerotic plaque, and lowering blood pressure. Consumers increasingly opt for better choices and see preventative care as a crucial tool to help them live healthier lifestyles.

As a result, almond oils are becoming increasingly popular since they are high in vitamins, proteins, and minerals and can aid in treating disorders such as cancer, asthma, and depression.

Almond Oil’s Path to Prominence: From Internet Culture to Mainstream Popularity

The increasing use of almond oil in pharmaceuticals and increased public initiatives related to health and fitness are strengthening the almond oil industry. Consumer knowledge of the health advantages of almond oil is increasing the pressure on almond oil manufacturers to innovate to stay competitive. Increased public understanding of almond oil’s multiple benefits drives up demand for it in the cosmetics and personal care sectors.

Due to the development of Internet culture, it is now easier to find information on homemade cures for skin disorders and personal care. For homemade personal care products, consumers are turning to medicinally helpful oils. This is the reason for the increase in demand for almond oil.

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Challenges and Constraints in the Almond Oil Industry

Almond oil manufacturing is hampered by fluctuating almond prices caused by weather, pests, and illnesses. Market expansion for almond oil is hindered by competition from other plant-based oils such as coconut and olive oil.

Regulators’ strict regulations and quality standards create entry barriers for new market participants. The scarcity of raw almonds in particular places and the high cost of producing almond oil contribute to almond oil market restraints.

Key Takeaways

  • The United States might increase its market share by 21% between 2023 and 2033.
  • Between 2023 and 2033, Germany may hold 8% of the almond oil industry.
  • Japan’s share of the almond oil industry could reach 4.5% between 2023 and 2033.
  • Australia to hold a 2.3% share of the almond oil market from 2023 to 2033.
  • During the forecast period, the Chinese almond oil business expanded at a CAGR of 9.8%.
  • From 2023 to 2033, the United Kingdom almond oil industry registered at an 11.5% CAGR.
  • Through 2033, the India almond oil market to record a CAGR of 12.5%.
  • The sweet almond oil segment of the type category is predicted to have a market share of 60.3% by 2033.
  • The commercial use segment holds a market share of 68.3% in the end-use category between 2023 and 2033.
  • The hypermarkets/supermarkets sector to grab a significant market share of 35.6% in the distribution channel category between 2023 and 2033.

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Competitive Landscape

Due to numerous domestic and international competitors, the market needs to be more cohesive. To increase their consumer base, seasoned players and recent newcomers are introducing specialized products with added nutritional benefits. The almond oil manufacturers are relying on cutting-edge strategies to boost their position in the industry.

Novel Innovations

  • Blue Diamond’s Pure Sweet Almond Oil Revolutionizes Personal Care

Blue Diamond Growers’ Global Ingredients Division declared in December 2017 that it had begun selling sweet almond oil that was 100 percent pure. The firm claims that this product enhances cosmetics, personal care items, and massage oils and is a crucial component in healthier hair, softer skin, and more opulent cosmetics.

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Capitalize on the Boom: Synthetic Polyisoprene Rubber Market Poised for 6.2% CAGR Growth by 2032

Synthetic Polyisoprene Rubber Market
Synthetic Polyisoprene Rubber Market

Synthetic polyisoprene rubber, commonly referred to as IR (Isoprene Rubber), is a type of elastomer that shares similarities with natural rubber. However, unlike natural rubber, synthetic polyisoprene rubber is derived from petroleum-based feedstocks and manufactured through a controlled polymerization process.

The global synthetic polyisoprene rubber market is anticipated to expand at a robust 6.2% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. The synthetic polyisoprene rubber market is likely to be driven by its widespread application in the manufacturing of tires, belts, footwear, and medical accessories such as medical gloves and medical balloons.

Synthetic polyisoprene rubber is widely utilized as a basic material in tire manufacturing. The demand for synthetic polyisoprene rubber has grown due to greater awareness among employers about the use of industrial gloves and increasing demand for medical gloves. In addition to footwear, synthetic polyisoprene rubber is used in the manufacturing of adhesives & sealants, belts, and other products in the industrial and construction sectors, which is driving the synthetic polyisoprene rubber market.

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The demand for synthetic polyisoprene rubber is expected to rise due to expansion in the medical sector, improvements in healthcare infrastructure, and rising establishment of hospitals and clinics.

As per FMI, the market is predicted to be dominated by East Asia, which is expected to continue over the forecast period. Backed by the aforementioned factors, the global synthetic polyisoprene rubber market is projected to top US$ 1.3 Billion by 2032.

“Over the forecast period, sales of synthetic polyisoprene rubbers are expected to be driven by the significant growth in the medical sector, along with rising production automotives across the globe,” says and FMI analyst.

Key Takeaways:

  • By application, demand for synthetic polyisoprene rubber for medical accessories is expected to surge at a 6.6% CAGR over the forecast period.
  • The contact segment of the synthetic polyisoprene rubber market is anticipated to grow at 5.8% CAGR through 2032.
  • The synthetic polyisoprene rubber market in the U.S. is anticipated to expand at a 5.9% CAGR by 2032.
  • China will emerge as an attractive synthetic polyisoprene rubber market, with sales growing at a 7.3% CAGR.
  • Significant rise in the demand for tire production is propelling sales of synthetic polyisoprene rubber.

Competitive Landscape 

Leading players are acquiring small and medium-sized players and are investing in increasing their production capacity. Along with this, they are investing in process development, and product innovations and are also focusing on green technology to reduce carbon emission. For instance:

  • In April 2022, SEMPERIT AG HOLDING announced its plans to expand its production lines by investing in the construction of six additional dipping lines for glove production. The company planning to invest EUR 21 million for this construction.
  • In March 2022, Supermax Corp. Bhd announced to start manufacturing facility for gloves in U.S.

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Synthetic Polyisoprene Rubber Market Key Players

  • Kurarray Co., Ltd.,
  • Goodyear Tire & Rubber Company
  • JSR Corporation
  • Zeon Corporation
  • Nizhnekamskneftekhim
  • Hartalega Holdings Berhad
  • Top Glove Corporation Bhd
  • Ansell Limited

More Insights into the Synthetic Polyisoprene Rubber Market Report

In its latest report, FMI offers an unbiased analysis of the global synthetic polyisoprene rubber market, providing historical data from 2017 to 2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on application (Medical, Tires, Belts, Adhesives & Sealants, Condoms, Footwear, and Others), by Contact (Contact & Contactless), and end use (Hospitals, Clinics, Blood and Organ Banks, Teaching Hospitals, Consumer Goods, Industrial, and Automotive & Transportation) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East & Africa).

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Health Awareness Drives Multi Nutritional Supplement Market: Investors Eye Growing Opportunities with 6.8% CAGR by 2032

Multi Nutritional Supplement Market
Multi Nutritional Supplement Market

Multi Nutritional Supplement Market is forecasted to register a 6.8% CAGR during the forecast period (2022-2032) and is projected to reach US$ 1.9 Billion by 2032 

With the increasing growth of the health & wellness trend and consumers’ awareness about the necessity of adding diverse nutrients to diets, the demand for multi-nutritional supplements, as well as dietary supplements, has increased significantly in the past few years. Over-the-counter dietary supplements and multi-nutritional supplements are becoming a big business with a mounting number of consumers relying on these nutraceuticals for satisfying their daily dietary needs.

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Consumers are becoming aware of the importance of antioxidants, vitamins, and other nutrients, and it is directly influencing the sales of multi-nutritional supplements. In addition, with the increasing global prevalence of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes, consumers are likely to depend on external nutritional supply to meet their dietary needs. The increasing dependency of consumers on multi-nutritional supplements for weight loss and obesity management will further bolster their demand in the coming years.

Consumers are preferring to consume multi-nutritional supplements instead of resorting to two or more two dietary supplements to get the essential nutrients. This is expected to support the growth of the multi-nutritional supplements market in the coming years. Leading players in multi-nutritional supplements are introducing products with health-benefiting ingredients such as vitamin D ingredients, vitamin C ingredients, and natural antioxidants.

Multi-nutritional Supplements Market – Competitive Landscape

Key stakeholders in the multi-nutritional supplements market Amway, Nature’s Bounty, Inc., Rexall Sundown, Inc., Puritan’s Pride, Inc., Osteo Bi-Flex, among the many others. Some of the notable developments in the competitive landscape of the multi-nutritional supplements market include:

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Ever-growing Demand for Nutrition Supplements among Elderly Consumers

The consumption of multi-nutritional supplements is expected to remain significantly high across the geriatric population. A 2017 survey including 3,500 American adults aged 60 and older was published in The Journal of Nutrition, and it found that almost three-fourth of the participants consumed a daily multi-nutritional supplement (either individual vitamin or mineral or a multivitamin supplement), more than half of the participants said that they take one or two supplements, and more than one-fourth of the participants take four or more supplements.

The Rise of Multi-nutritional Supplement Subscription Services Bring in New Trends

While the multi-nutritional supplements market is witnessing incremental growth worldwide, consumers’ need to maintain adherence to their nutritional program is triggering the rise of new market trends. A mounting number of leading players, as well as new entrants in the multi-nutritional supplements market, are introducing supplement subscription services integrated with advanced technologies to offer consumers more convenience at maintaining their daily nutritional intake.

Introducing subscription services that can offer more personalised recommendations about sustainable and high-quality multi-nutritional supplements is expected to emerge as a winning strategy for stakeholders in the coming future.

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About Future Market Insights (FMI)

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

 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
LinkedIn| Twitter| Blogs | YouTube