Market Research Blog – Page 3232 – New Product Development

Invest in a Sustainable Future: The Rise of Declorination Chemicals and the Growing Demand for Chlorine-Free Water

The global dechlorination chemical market value is forecast to increase from US$ 1,451.7 million in 2023 to US$ 2,528.7 million by 2033. Over the assessment period, global demand for dechlorination chemicals is projected to surge at a CAGR of 5.7%.

Sulfur-based chemicals segment is expected to dominate the global dechlorination chemical industry through 2033. It will likely hold a volume share of 68.8% by 2023. On the other hand, the activated carbon-based chemicals segment is set to thrive at a robust CAGR of 6.7% through 2033.

Growing demand for clean potable water and scarcity of freshwater sources are fueling up the demand for dechlorination chemicals. Similarly, the rapidly growing population, increasing government initiatives for water infrastructure development, and the awareness of chlorine-free water are key factors accelerating growth.

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Dechlorination chemicals are witnessing higher demand from diverse sectors, and the trend is expected to continue through 2033. This is due to their ability to improve water quality by removing chlorine and other contaminants.

Implementation of stringent environmental regulations regarding water quality is expected to bolster dechlorination chemical sales. Dechlorination chemicals, such as sodium metabisulfite, sodium bisulfite, and sodium sulfite, are specifically formulated to efficiently remove chlorine and chloramine compounds, aligning with the requirements of these regulations.

Growing usage of dechlorination chemicals in the pharmaceutical and food & beverage industries is another key factor expected to boost the target market. These chemicals are widely used to remove chlorine from water to make it suitable for usage in pharmaceutical and food products.

Key Takeaways from the Report

The global market for dechlorination chemicals is projected to thrive at 7% CAGR through 2033.
By chemical type, sulfur-based chemicals segment is expected to total a valuation of US$ 1,182.6 million by 2033.
By end use, the water treatment segment is set to hold a market share of 3% in 2023.
East Asia is expected to account for a significant share of about 33% in 2033.
The United States industry value is anticipated to reach US$ 392.0 million by 2033.
China is projected to attain a valuation of US$ 708.3 million by 2033.
Demand in India is predicted to rise at 4% CAGR through 2033.

“The dechlorination chemical market is poised to witness healthy growth due to escalating environmental regulations, expanding industrial sectors, and increasing emphasis on water quality across several applications. As industries worldwide strive to reduce their environmental impact and ensure compliance, demand for effective dechlorination solutions is expected to rise rapidly, creating growth prospects for the target market,” – says an analysis at Future Market Insights.

Competitive Landscape

Key players are focusing on the expansion of domestic production and technology areas of dechlorination chemicals to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovation on the existing ones to meet end-user demand.

Recent developments-

In March 2023, McCann Chemicals was acquired by Airedale Group to boost its growth and diversification.
In September 2023, INEOS acquired the Eastman Texas City Site from the Eastman Chemical Company.

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Top Key Players in the Dechlorination Chemical Market

Solvay SA
One Equity Partners
Lenntech B.V
Jay Dinesh Chemicals
INEOS CALABRIAN
Hydrite Chemical
Hawkins
Guangdong Hanyan Activated Carbon Technology Co., Ltd.
Grasim Industries Limited
ESSECO USA LLC
Chemtrade Logistics
Carbotecnia
BASF SE
Airedale Group

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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Bird Cages and Accessories Market Set to Expand with a 5% CAGR by 2032: Catering to Avian Enthusiasts’ Needs

According to FMI research, the bird cages and accessories market is estimated at US$ 2.5 billion in 2022 and is projected to reach US$ 4.1 billion by 2032. The market is expected to grow at a CAGR of 5% during the forecast period.

The bird cages and accessories market is forecasted to advance due to a surge in pet adoption rates across both developed and developing nations. Increased demand for decorative cages is anticipated to be a significant driver for market growth. Additionally, the rising disposable income and improved standard of living among consumers are poised to exert a positive influence on the market.

The burgeoning e-commerce sector, coupled with a wide array of cage options and accessories, is expected to have a favorable impact on the pet supplies and bird cages and accessories market. Consumers prioritize strong, non-toxic, and easy-to-clean bird cages in their purchasing decisions.

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Additionally, in the present days manufacturers pay more attention to product quality. For the assurance of this, they are using high quality products so that these organizations would provide cage and accessories free from toxic materials natural environment for their soft bodies. This may raise the sales of bird cages and accessories during forecast period.

However, if there is a sub niche which has greatly furthered the growth of the market, it is the poultry cages segment. There has been an increase in the consumption of poultry products as they ensure a healthy body.

Another reason why the poultry cages are a huge source of revenue for the market is because people can afford to start a business in this niche because of the requirement of low capital.

Thus, from the insights presented by FMI, it can be inferred that an increase in the disposable income, coupled with the rise of the poultry cage market, and many other factors are expected to drive the bird cages and accessories market.

Competitive Landscape

The key players are making the best use of the available technology to manufacture top quality products. Additionally, the market is also experiencing a number of mergers and acquisitions because of a variety of reasons, some of which are product diversification, and entering into new regions.

Some of the recent developments are:

In May 2022, Prevue Pet Products received the prestigious Vanguard award for avian merchandising.
In July 2022, Salmet had developed SalProgress+, which is a unique way of installing a wide array of sensors and other data collectors in poultry farms.

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Key Companies Profiled in Bird Cages and Accessories Market

Prevue Pet Products
Qiheng Pet Products Manufactory Co Ltd Company
A&E
Mcage
Entirelypets
Beruru
vidaXL
Big Dutchman
Hellmann Poultry GmbH & Co. KG
Jansen Poultry Equipment
Potters Poultry
SALMET GmbH & Co. KG
Fienhage. Poultry Solutions
VENCOMATIC BV
ROXELL
Petco

Key Takeaways

The bird cages and accessories market is expected to grow at a CAGR of 5% during the forecast period.
The bird cages and accessories market has a valuation of US$ 2.5 billion as on 2022.
By 2032, the market is expected to reach a valuation of US$ 4.1 billion.
North America is the largest bird cages and accessories market, and had a market shared of 21% in 2021.
Europe is expected to be one of the most significant markets.
Asia Pacific is expected to be the fastest growing bird cages and accessories market during the forecast period.
Based on type, the cages segment has the highest bird cages and accessories market share.
Based on the sales channel, the online retailers segment has the highest market share.
Based on price range, the premium segment has the highest market share.

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Bird Cages and Accessories Market by Category

By Type:

Cages
Perches
Travel carriers
Others

By Price type:

Economic
Medium
Premium

By Bird Type:

Small birds
Large birds

By Sales Channel:

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Specialty Stores
Pet shops
Online Retailers
Other Sales Channel (Direct Sales, Independent Stores, Departmental Stores)

By Region:

North America
Latin America
Asia Pacific
THING
Europe

Author

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

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

About Future Market Insights (FMI)

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

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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Product Innovation & Premiumization Growth of unique flavors, natural ingredients, and convenience formats fuels market expansion

The global zero sugar beverages market estimated at US$ 3.3 billion in 2023, is set to surge at a rapid 14.7% CAGR, reaching around US$ 13.2 billion by 2033. Because of premiumization, there is now less of a divide between upscale and mainstream markets, giving all customers access to distinctive and cutting-edge goods. Manufacturers of sugar-free beverages stand to gain from this trend as consumers value and spend more on goods that provide real benefits and value.

Future Market Insights (FMI) believes that the global market for zero-sugar beverages will probably be worth US$ 3,328 million by 2023. With a 14.7% CAGR, it is expected to accelerate from 2023 to 2033. By 2033, the global market is expected to be worth roughly US$ 13,150.6 million.

The difference between upmarket and mainstream markets has decreased as a result of premiumization. Now, all customers can purchase unique and cutting-edge goods.

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Producers of sugar-free beverages might readily see the benefits of premiumization. Customers are willing to spend extra these days for products that have genuine benefits and value-added features.

They are becoming more confident in the brand name and clean labelling. Considering product quality, leading manufacturers are concentrating on improving consumer-end products.

With an increasing number of zero-sugar beverages available, modern consumers are able to find products that fit their specific needs and preferences, whether it’s for taste, convenience, or nutrition. Common flavors available in the zero sugar beverages industry are cola, orange, lemon, watermelon, guarana, grape, and strawberry. Zero sugar beverages are also available in cans, PET bottles, and glass bottles.

There is a growing trend among consumers to opt for beverages made from natural ingredients without any added sugar. There is also an observable shift toward consuming natural food additives and sugar substitutes.

To cater to the increasing demand for sustainable beverages, manufacturers are creating products with natural ingredient compositions and reduced processing. This is evident through the labeling of beverages as ‘no added sugar,’ ‘zero sugar,’ ‘light,’ and ‘diet,’ which aid consumers in making informed buying decisions.

Leading companies often introduce new products featuring unique flavors and promote them as either a ‘new edition’ or a ‘limited edition.’ This marketing strategy generates excitement and anticipation among consumers even before the product is released, which can benefit the product’s reception in the market.

For example, Coca-Cola launched a Grammy-nominated Marshmello-inspired limited edition zero-sugar Coca-Cola drink in June 2022. This new product featured a blend of natural flavors, including strawberry and watermelon. This approach allows companies to not only promote their brand but also generate interest in their latest offerings.

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Key Takeaways from the Zero Sugar Beverages Market Report:

The zero sugar beverages industry witnessed moderate growth at a CAGR of 12.5% between 2018 and 2022.
Based on the sales channel, the retail sales segment is expected to hold the lion’s share in the evaluation period.
North America is currently at the top in terms of the global zero sugar beverages industry share.
The global zero sugar beverages industry is set to exceed a value of more than US$ 13,150.6 million by 2033.

“It is anticipated that consumers will use plant-based sweeteners such as stevia and monk fruit more frequently. These provide a healthy, calorie-free substitute for conventional sweeteners. The market is also set to experience surging product innovation. Leading businesses are getting ready to introduce fresh flavors and useful components to appeal to consumers who are health-conscious.” – Says a lead analyst.

Competitive Landscape

The competitive landscape is fueled by the presence of key national and international players. Leading Companies are implementing mergers & acquisitions and new product launches as key strategies to compete in the market.

Acquisitions and mergers have facilitated companies to improve product quality and expand product reach. Moreover, launching new products in the market has supported the companies to offer demanded quality products and meet the changing consumer trends across the industry.

Key Industry Developments:

In February 2023, using 1 billion probiotics and prebiotics, Cove Gut Healthy Drinks introduced Cove Gut Healthy Soda. It is a sugar-free and functional soda. There are three flavors of Cove Soda: orange, grape, and lemon-lime. The product line, which is reportedly the first to hit the market in Canada, is manufactured with organic ingredients. It also includes a natural plant sweetener that mixes prebiotics with probiotics to improve gut health.
In July 2022, a sugar-free cola-flavored drink was planned to be introduced by China-based beverage giant Genki Forest. The new beverage has passed its final internal tests and will go on sale as soon as the first of August, with an early release scheduled for online retail sites. This action indicates that the soft drink entrant will be competing with Coca-Cola and Pepsi’s premium product lines. The secret to this product is the development of an internal sterile carbonic acid manufacturing plant.

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Get More Valuable Insights into the Zero Sugar Beverages Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global zero sugar beverages industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the global zero sugar beverages market based on product type (juices, sparkling soft drinks, energy drinks, sports drinks), sales channel (B2B/HoReCa, retail sales), and region.

Zero Sugar Beverages Market Outlook by Category

By Product Type:

Juices
Sparkling Soft Drinks (SSD)
- Cola
- Other Flavors
Energy Drinks
Sports Drinks

By Sales Channel:

B2B/ HoReCa
Retail Sales
- Supermarket/ Hypermarket
- Convenience Stores
- Food & Drink Specialty Stores
- Traditional Grocery Stores
- Pharmacies/ Drug Stores
- Franchise Outlets
- Online Retail

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 Live Cell RNA Detection Market Expected to Reach US$ 6,404.2 Million by 2032 growing at a CAGR of 8.4%

The global live cell RNA detection market is anticipated to witness substantial growth, with a forecasted value of US$ 6,404.2 Million by 2032, growing at a CAGR of 8.4% from 2022, where it was valued at US$ 2,631.8 Million. This surge is primarily attributed to the increasing funding from various regulatory bodies and governments worldwide.

RNA, playing a crucial role in cell and tissue development as well as disease progression, has emerged as a major target for the analysis of various diseases and disorders. Live cell RNA detection involves studying live cells to understand how individual cells within a population respond to their environment. This process aids in deciphering gene expression patterns and determining the roles of genomic elements in cellular function and dysfunction.

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Various techniques are employed in live cell RNA detection to identify specific mRNA and microRNA in live cells while keeping the cells undisturbed and intact for further analysis. These techniques enable the dissection of cells in RNA metabolism, transcription, post-transcriptional processing, regulations, nuclear export, and RNA decay.

The market for live cell RNA detection is primarily driven by the growing adoption of high-content screening techniques in drug discovery and the increasing incidence of cancer. Furthermore, the market is bolstered by the rise in research funding and government investment in regenerative medicine research.

However, the lack of skilled personnel to perform detection is anticipated to hinder market growth during the analysis period.

As the demand for live cell RNA detection continues to escalate, stakeholders are urged to focus on addressing skill gaps and enhancing technological capabilities to capitalize on the burgeoning opportunities in this market.

Some prominent drivers spearheading the growth of the live cell RNA detection market include:

Increasing Research and Development Activities: Continued investment and focus on research and development activities in the molecular diagnostics sector drive advancements in RNA detection technologies, fostering market growth.
Availability of New Methodologies and Techniques: The emergence of new methodologies and techniques for RNA detection provides researchers with improved tools for studying live cells, driving demand in the market.
Applications in Genetic Disorder Detection: The expanding applications of RNA detection techniques in detecting genetic disorders contribute to market growth, as these techniques offer valuable insights into genetic abnormalities.
Prevalence of Cancer Diseases: The rising prevalence of cancer increases the demand for advanced detection techniques, including live cell RNA detection, as it offers advantages in understanding cancer biology and developing targeted therapies.
Advantages Over Conventional Techniques: Live cell RNA detection offers significant advantages over conventional techniques by providing crucial spatial and temporal information, thus driving its adoption and fueling market growth.
Government Funding and Regulatory Support: Funding from regulatory bodies and governments supports research initiatives in RNA detection technologies, fostering innovation and market expansion.

These drivers collectively contribute to the growth of the global live cell RNA detection market by enhancing research capabilities, expanding applications, and improving the understanding of biological processes at the cellular level.

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Key Companies Profiled:

Merck KGaA, BioTek Instruments, Inc., Thermo Fisher Scientific, Inc., Agilent Technologies Inc., Millipore Sigma, Promega Corporation, Biomol GmbH, Advanced Cell Diagnostics, Inc. and Qiagen Diagnostics, Nikon, and Bruker Corporation, among others.

Key Segments Profiled in the Live Cell RNA Detection Industry Survey:

Live Cell RNA Detection Market By Techniques:

Live Cell RNA Detection with Linear Oligonucleotide Probe
Live Cell RNA Detection with Linear FRET probe
Live Cell RNA Detection with Autoligation FRET probe
Live Cell RNA Detection with Molecular beacon
Live Cell RNA Detection with MS2-GFP
Live Cell RNA Detection with Bgl-mCherry
Live Cell RNA Detection with lN-GFP
Live Cell RNA Detection with PUM-HD
Live Cell RNA Detection with Spinach RNA tracking system

Live Cell RNA Detection Market By Application:

Live Cell RNA Detection for Diagnostics
Live Cell RNA Detection for Research and development
Live Cell RNA Detection for Drug discovery

Live Cell RNA Detection Market By End-User:

Live Cell RNA Detection for Biotechnology companies
Live Cell RNA Detection for Academic institutes
Live Cell RNA Detection for Clinical research organizations

Live Cell RNA Detection Market By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & 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

Product Innovation & Distribution Expansion of product formats and distribution channels fuels market growth | FMI

The market for frozen seafood is anticipated to be worth US$ 19,382.3 million by the end of 2023. It is set to expand at a CAGR of 6.8% from 2023 to 2033. The market is expected to generate US$ 37,398.5 million in contributions by 2033.

Over the past few decades, there has been a notable growth in the global consumption of fish. Growing economies such as those in Latin America and the Asia-Pacific area may witness a rise in seafood consumption due to increased living standards. There will also be an effect from the millennial generation’s increasing awareness of the advantages of eating seafood.

In many nations, fish protein is a major source of nourishment, particularly in those where diets are poor in protein. In addition to being a good source of protein, seafood also contains other essential elements. Fish and shellfish, including prawns, clams, and salmon, are particularly rich sources of zinc, selenium, and vitamin B1.

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Omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), are mostly found in seafood. Because of its high nutritional content, seafood provides protection against a variety of health issues.

Consumption of seafood has increased as a result of the idea that eating seafood is healthy, and output is predicted to rise steadily as a result. Less waste, better utilisation, and improved distribution techniques would all be advantageous.

In locations where fresh seafood is more difficult to find, frozen seafood is more prevalent because it can be stored for a long period. This suggests that even those who live far from the coast or in an area with few transportation options can enjoy seafood all year round. Additionally, frozen seafood is simpler to transport than fresh seafood, which can be highly delicate and require special treatment.

Due to high demand and the scarcity of some species, fresh seafood can be pricey; nevertheless, frozen seafood is typically less expensive. Bulk frozen fish purchases provide for even greater cost reductions and more economical meal preparation.

Due to improvements in freezing technology, sales of frozen seafood are anticipated to increase drastically worldwide. Thanks to contemporary technology, it tastes almost as fresh as its unfrozen counterpart. As a result, frozen seafood is now more widely accepted and has less of a stigma connected to it.

Key Takeaways from Frozen Seafood Market Study

The global frozen seafood industry expanded at a CAGR of 4.9% from 2018 to 2022.
The USA frozen seafood industry is anticipated to reach a valuation of US$ 9,217.8 million by 2033.
A CAGR of 6.4% is expected from India’s frozen seafood industry from 2023 to 2033.
In 2033, China frozen seafood industry is expected to contribute a value share of 49.4%.
Based on product type, the frozen crab segment is estimated to hold a global market share of 27% in the forecast period.

“It is projected that advancements in refrigeration would propel the market in both commercial and industrial settings. Growth is also connected to ongoing advancements in sophisticated distribution systems. Technological advancements in seafood product storage, processing, and packaging have further contributed to the expansion of the global frozen seafood industry.” – Says a lead analyst.

Competitive Landscape: Frozen Seafood Market

As the need for novel formulations from the food & beverage industry increases, leading frozen seafood manufacturers are concentrating on products delivering a wide range of health advantages. Consumption of frozen fish has grown over time among all populations.

Leading producers of frozen fish are working to gain a high market share through partnerships, mergers, and acquisitions while continuing to develop new product lines. Due to the increased need for innovative formulations from the food & beverage industry, top frozen seafood manufacturers are likewise concentrating on releasing upgraded and modified items.

For instance,

In August 2021, Frozen Fish Direct introduced its latest user-friendly e-commerce site. While numerous individuals enjoy eating fish, Frozen Fish Direct is aware that they might not always be able to find fresh kinds at their neighborhood grocery. This information motivated Frozen Fish Direct to develop and launch their brand-new online store, providing its devoted clients with a convenient and stress-free option to buy for a large selection of fish and seafood.

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Get Valuable Insights on Frozen Seafood Market

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the frozen seafood industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for frozen seafood based on frozen seafood industry by product type (tuna, rainbow trout, sardines, mackerel, herrings, salmon, shrimp, crab, lobster, krill), nature (organic, conventional), form (whole, fillet), end use (food processing industry, food service industry, retail/household), distribution channel (B2B, B2C, online retailers), and regions.

Frozen Seafood Market Outlook by Category

By Product Type:

Tuna
Rainbow Trout
Sardines
Mackerel
Herrings
Salmon
Shrimp
Crab
Lobster
Krill

By Nature:

Organic
Conventional

By Form:

Whole
Fillet

By End Use:

Food Processing Industry
Food Service Industry
Retail/Household

By Distribution Channel:

B2B
B2C
Online Retailers

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Project Portfolio Management Market Prepares for US$ 7.8 Billion Revenue by 2032, Driven by 5.2% CAGR Surge

The global project portfolio management market had a value of US$ 4.4 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2022 to 2032 to reach US$ 7.8 billion.

The project portfolio management market is primarily driven by the urgent requirement to manage projects effectively and on schedule, and this situation is anticipated to hold true throughout the forecast period. Additionally, the BYOD (Bring Your Own Device) trend is expanding, and a greater focus is being placed on achieving a speedier ROI.

Project portfolio management proves to be useful as it enhances the adaptability of the organization toward change, thereby making it simple to get through new projects. It also helps in tracking projects for anomalies as well as delays and calls upon essential steps for streamlining them and achieving better returns.

Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Project Portfolio Management Market’. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.

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Key Takeaways from the Project Portfolio Management Market Report:

North America holds the largest market share with the US being subject to PPM getting popular. As of now, it’s being used for improving governance in various industries inclusive of capital projects, and various other modes of inorganic expansion. On these grounds, ServiceNow and KPMG have expanded their collaborative agreement for offering ESG (environmental, social, and governance) solutions and services complementing KPMG products and helping organizations in refurbishing resilience procedures, risk management, and likewise.
Europe holds the second-largest market share with France leading from the front. This is evident from the fact that Capgemini, in May 2021, entered into collaboration with Orange to form Bleu, a new company for providing cloud services all across France. Bubble Ltd., in September 2020, mentioned that the UK government’s Commercial Service Digital Marketplace conferred upon it the title of ‘G-Cloud 12 supplier for PPM solutions and services to the public sector’.
The Asia-Pacific is expected to grow at the maximum rate in the project portfolio management market on the grounds of growing demand for cloud services in the wake of remote working.

Competitive Management:

Whoz, in April 2022, did announce that PSG Equity had led funding worth US$ 26.4 Million for helping speed up the growth across the US and Europe.
Planview, in January 2021, announced the strategic acquisition of Changepoint and Clarizen to Accelerate Enterprise Strategy to Delivery.
Symphony Technology Group (STG), in March 2021, announced the acquisition of Sciforma (a supplier of PPM (project and portfolio management) software. The concept of STG is that of generating value by combining software, data, and analytics.
SAP, in March 2020, did add novel templates to Ruum – its project management tool, to help individuals as well as businesses respond to COVID-19.
Broadcom, in November 2019, strengthened its partnership with Broadcom, thereby delivering the very first solutions for SAP S/4 HANA customers in testing, AIOPS, and business process automation.
Codleo Consulting, in November 2020, did launch a proprietary cloud-based project management app called ProjecLeo for SMEs. It is abreast with proper project planning as well as scheduling features with the collaboration tools for teams.
One Point Projects GmbH, in May 2022, came up with a novel version of its projects known as ‘ONE POINT Projects’ that comes across as a web-based PPM (project and portfolio management) solution.

Leading Key Players:

Broadcom Inc.
Micro Focus
Microsoft Corporation
SAP
Oracle Corporation
Planisware
Planview, Inc.
Changepoint Corporation.
Wrike.
Hexagon AB.
Sciforma
Servicenow, Inc.
Upland Software, Inc.
Workfront, Inc.

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What Does the Report Cover?

The research study is based on component (project portfolio management solution and project portfolio management services (consulting and implementation services and training, support, and maintenance services), deployment mode (cloud and on-premises), by organization size (large enterprises and SMEs), and by vertical (BFSI, IT & telecom, consumer goods and retail, healthcare and life sciences, manufacturing, government and defense, energy and utilities, and likewise).
The fact that project portfolio management solutions help businesses gain an appropriate understanding of project operations and resource management, the global project portfolio management market is expected to grow on a grand note shortly.

Project Portfolio Management Market Segmentation:

By Component:

Project Portfolio Management Solution
Project Portfolio Management Services
- Consulting and Implementation Services
- Training, Support, and Maintenance Services

By Deployment Mode:

On-premises
Cloud

By Organization Size:

Large Enterprises
SMEs

By Vertical:

BFSI
IT and Telecom
Consumer Goods and Retail
Healthcare and Life Sciences
Manufacturing
Government and Defence
Energy and Utilities
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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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Nandini Singh Sawlani

SMS Firewall Market Envisions US$ 4.6 Billion by 2032, 6.3% CAGR Rise

The SMS firewall market is poised for explosive growth, with projections indicating that it will reach a staggering US$4.6 billion by the year 2032. This remarkable surge in market value is underpinned by an impressive CAGR of 6.3%. As the telecommunications landscape continues to evolve, the SMS firewall market plays a pivotal role in safeguarding the integrity and security of SMS communications.

With this projected expansion, it is clear that the demand for SMS firewall solutions is on the rise, driven by the increasing need for protecting mobile networks from spam, fraud, and other security threats. This market’s flourishing trajectory underscores its vital role in the ever-expanding realm of mobile communication security.

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A2P is a machine-to-human technological solution that requires technical assistance to avoid security breaches and protect against cyberattacks or destructive viruses. SMS firewalls safeguard messages by evaluating and categorizing all messages and preventing any grey routes that may develop, which is another important element projected to raise its demand in different projects and hence contribute to the segment’s revenue growth.

Infobip, for example, offers the A2P SMS type to deliver services such as verification SMS, notification upgrades, passcode resetting links, OTPs, and others. They communicate with clients through more dependable messaging options. There are numerous SS7-based SMS varieties, such as on-net and off-net, which have expanded mobile network operators’ usage of firewalls to categorize and evaluate safe communications.

Key Takeaways from the SMS Firewall Market Report:

The global SMS Firewall Market is expected to reach a market size of US$ 2.5 Billion by 2022.
In terms of Components, the SMS Firewall Platforms segment is expected to account for the highest CAGR of 5.9% during the forecast period.
In terms of Deployment Mode, the Cloud segment is expected to have the highest CAGR rate of 5.6% during the forecast period.
United States will remain the most dominant market with an absolute dollar growth opportunity of US$ 639.6 Million from 2022 – 2032.
The market in the U.S. is set to experience the highest CAGR of 5.8% during the 2022-2032 forecast period.

Leading Key Players:

Comviva
Infobip
Mobileum
Sinch
Proofpoint
Belgacom ICS
AMD Telecom S.A.
Tata Communications
Proofpoint, Inc.
Tango Telecom Ltd
Cellusys
Syniverse Technologies LLC

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Recent market developments include:

In November 2021, Infobip Group, a provider of cloud communications platforms for customer interaction and CPaaS solutions, announced the signing of a formal deal with the global VoIP supplier Peerless Network. It was the company’s fourth acquisition in less than a year.
The acquisition is planned to close in 2022, subject to regulatory clearances, and will be funded using a mixture of Infobip shares along with cash. Peerless Network’s management will merge some of its assets with Infobip. The agreement expands Infobip’s voice footprint in the United States. It makes Peerless clients eligible for its world-class array of CPaaS technologies, enabling high-quality interaction across the customer experience.
In June 2021, Mobileum Inc., a global leader in analytics technology solutions for roaming as well as network security, services, testing, risk management, and monitoring, announced the acquisition of Developing Solutions which is a network testing solution and software provider specializing in network testing for load as well as lab use instances covering 3G, 4G, 5G, and IP Multimedia Subsystem.
The takeover of Developing Solutions is part of Mobileum’s growth strategy, which includes the development of a telecom-focused analytics solution with a robust testing facility and a broad set of network access points, allowing operators to optimize operational efficiency & improve consumer experience as they shift to 5G and next-generation networks.
In November 2020, Sinch AB, a worldwide pioneer in cloud communication for mobile customer interaction, announced the completion of its takeover of SAP Digital Interconnect, a subsidiary of SAP.

SMS Firewall Market Segmentation:

By Component:

SMS Firewall Platforms
Services
Professional Services
Managed Services

By SMS Type:

A2P SMS Firewall
P2P SMS Firewall

By SMS Traffic:

National SMS Traffic
International SMS Traffic

By Deployment Mode:

Cloud SMS Firewall
On-premises SMS Firewall

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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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Nandini Singh Sawlani

Natural Energy & Wellness Rising demand for yerba mate as a healthy coffee alternative with growing health awareness | FMI

Yerba Mate Market experiences notable expansion as a result of growing demand for natural energy boosters and increased health consciousness. Global public knowledge of its health benefits is growing, as are innovative product releases and expanding distribution channels, all of which are driving the market. The beverage is quite well-liked as a coffee substitute due to its antioxidant properties and appeal to consumers who are health-conscious worldwide.

According to Future Market Insights (FMI), yerba mate sales are expected to reach US$ 2,186.8 million globally in 2023. Between 2023 and 2033, the demand for yerba mate is expected to grow at a 5.7% CAGR. By 2033, the yerba mate market is projected to be worth US$3,797.0 million worldwide.

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One of the main factors propelling the global yerba mate market is the increasing awareness of the health benefits of the yerba mate plant. In a similar vein, growing interest in nutritious drinks would encourage the use of yerba mate. Around the world, yerba mate is becoming more and more well-liked as a healthful substitute for tea, coffee, and other beverages. This is because of all of its health advantages.

Yerba mate is rich in antioxidants, caffeine, and other essential nutrients. It enhances physical performance, improves immunity, lowers the risk of heart disease, and supports digestion. Yerba mate is used in a wide range of businesses, including the food and beverage, pharmaceutical, and dietary supplement industries, as a result of these benefits. In turn, this is helping the yerba mate market grow significantly.

The use of yerba mate in various herbal formulae to treat a wide range of health conditions is expanding in the United States, Europe, and India. Rising yerba mate consumption will increase these goods’ revenues through 2033.

Similar to this, increasing yerba mate powder use in the personal care and cosmetics industries will increase demand. The production of soaps, shampoos, conditioners, deodorants, and other products uses this unusual ingredient.

Key Takeaways from the Yerba Mate Market Report:

Global yerba mate sales are likely to surge at 5.7% CAGR during the forecast period.
By form, loose leaf segment will increase by roughly 1.8x over the forecast period, reaching a valuation of US$ 292.3 million.
Latin America is set to hold a prominent market share of 74.3% in 2023.
Herbalist shops and health food stores will together hold a market valuation of US$ 623.4 million in 2023
The USA yerba mate market is forecast to expand at 6.7% CAGR over the next ten years.
Argentina yerba mate industry will cross a valuation of US$ 1,563.3 million by 2033.

“Growing awareness about the benefits of yerba mate globally will elevate demand in the market. Further, inclination towards consuming healthy beverages will boost yerba mate sales.” Says a lead analyst at Future Market Insights, Inc.

Who is Winning?

Cooperativa Agrícola de la Colonia Liebig Ltda, HREÑUK S.A., Establecimiento Las Marías, HerboFlora, Molinos Río de la Plata SA, Kraus, La Cachuera SA, Santo Pipo SCL, ECOTEAS Organic Yerba Mate, Guayaki Sustainable Rainforest Products Inc., and others are the key players in yerba mate market report.

New product launches, increasing production capacities, and forming alliances and partnerships are key strategies adopted by companies to gain a competitive edge in the market.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the yerba mate market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study offers compelling insights into the yerba mate market based on form (loose leaf, powder, extracts, concentrates) and sales channel (business-to-business, business-to-consumer) across several regions.

Yerba Mate Market Segmentation

By Form:

Loose Leaf
Powder
Extracts
Concentrates

By Sales Channel:

Business-to-Business
- Beverage Processing
- Dietary Supplement
- Cosmetic and Personal Care
- Pharmaceutical
Business-to-Consumer
- Hypermarkets/Supermarkets
- Herbalist Shops
- Health Food Stores
- Online Retail

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Substance Use Disorder Treatment Market Expected to Reach US$ 14 Million by 2032

The global substance use disorder treatment market is projected to witness substantial growth, with estimations soaring from US$ 7 million in 2022 to an estimated US$ 14 million by 2032. This remarkable advancement reflects a compound annual growth rate (CAGR) of 5.4% during the forecast period.

The anticipated growth is attributed to the increasing establishment of treatment centers, coupled with strategic mergers with private recovery institutions. These collaborations aim to widen access to treatment for individuals across various demographics, consequently propelling market expansion.

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However, challenges persist, particularly in developing economies, where the high cost of substance use disorder treatment therapy poses a barrier to access for individuals with limited income. Despite this obstacle, the market remains resilient, driven by the surge in government initiatives and funding dedicated to raising awareness and providing treatment for the chronic-ill effects of substance abuse.

As governments worldwide intensify efforts to combat substance abuse, the substance use disorder treatment market is poised to witness significant expansion. The ongoing commitment to addressing this pressing public health issue underscores the collective determination to improve the well-being of individuals affected by substance use disorders.

The Substance Use Disorder Treatment Market presents several revenue opportunities given the prevailing trends and challenges in the healthcare landscape.

Here are some potential revenue opportunities:

Expansion of Treatment Facilities: With the rising prevalence of substance use disorders and increasing overdose deaths, there is a growing demand for treatment facilities. Investing in expanding treatment centers or establishing new ones could generate revenue, particularly in areas where there is a high incidence of substance abuse.
Development of Specialized Programs: Tailoring treatment programs to address specific needs, such as comorbid illnesses or addiction to non-medical prescription drugs, can attract patients seeking specialized care. Offering comprehensive treatment plans that incorporate medical, psychological, and social support services can be financially rewarding.
Innovative Therapies and Interventions: Research and development of innovative therapies and interventions for substance use disorders can create revenue opportunities. This includes advancements in pharmacological treatments, behavioral therapies, and technological solutions such as telemedicine platforms for remote counseling and monitoring.
Focus on E-cigarette Addiction Treatment: Given the increasing prevalence of e-cigarette use and the associated health risks, there is a growing market for treating e-cigarette addiction. Developing targeted interventions and rehabilitation programs for individuals struggling with e-cigarette addiction can be a lucrative niche within the substance use disorder treatment market.
Collaboration with Public Health Initiatives: Partnering with public health agencies and organizations to implement prevention programs and awareness campaigns can not only contribute to societal well-being but also attract patients to treatment facilities. Revenue opportunities may arise through government grants, contracts, or reimbursement for providing public health services.
Integration of Technology: Leveraging technology such as mobile applications, wearable devices, and data analytics tools can enhance treatment outcomes and patient engagement. Offering telehealth services, virtual support groups, and digital monitoring solutions can expand the reach of substance use disorder treatment programs and generate additional revenue streams.
Diversification of Services: Diversifying service offerings beyond traditional treatment modalities to include holistic approaches, alternative therapies, and wellness programs can cater to a broader patient base. Additionally, offering services such as family counseling, vocational rehabilitation, and peer support groups can differentiate treatment facilities and attract more clients.
Market Expansion Strategies: Exploring opportunities for geographic expansion or targeting underserved populations can open up new markets for substance use disorder treatment providers. This may involve strategic partnerships, acquisitions, or franchising models to penetrate new regions and demographics.

By capitalizing on these revenue opportunities and staying abreast of emerging trends and patient needs, substance use disorder treatment providers can position themselves for growth and sustainability in the evolving healthcare landscape.

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Key market players of the substance use disorder treatment market:

Teva Pharmaceutical Industries Ltd.
Reckitt Benckiser Pharmaceuticals Inc.
GlaxoSmithKline plc
Pfizer Inc.
Cipla Limited
Intas Biopharmaceuticals
Alkermes
Allergan plc
Alkermes plc.
Indivior plc
Noramco
Mallinckrodt plc
BioCorRx Inc.
Glenmark Pharmaceuticals Ltd.
Dr. Reddy’s Laboratories
Purdue Pharma L.P.
Orexo AB

Key Segments Profiled in the Substance Use Disorder Treatment Market Survey:

By Type:

Alcohol Abuse Treatment
Nicotine Abuse Treatment
Drug Abuse Treatment

By Treatment:

Detoxification
Counselling & Behavioural Therapy
Medication
Support Group

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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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

European Cruises Market Growth Surges: Eyes Set on US$ 2.69 Billion Revenue by 2032 | FMI

The European cruises market is estimated to reach US$ 1.5 Billion in 2022. As per the report, sales are forecast to increase at a robust 15% CAGR, with the market valuation reaching US$ 2.69 Billion by 2032.

The EU has guided cruise providers to take minimum efforts necessary for the safety and security of the cruisers in the post pandemic times. Even the players have adopted various measures to ensure the free flow of cruising market.

Moreover, the cruise companies are coming up with exciting offers and discounts which also contains packaged deals providing an array adventurous activities to achieve complete satisfaction of the travellers. Additionally, new routes and destinations are being added in the itinerary to explore and experience multiple regions of Europe through cruising. Currently, the cruising market is nearly back to its pre-pandemic levels and with these sincere efforts for development of cruising, the European Cruising Market is expected to grow at a rapid rate.

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Key Trends in the European Cruises Market

Sustainability Focus: With increasing environmental awareness, cruise lines are prioritizing sustainability. From reducing single-use plastics to adopting eco-friendly propulsion systems, companies are investing in green initiatives to minimize their carbon footprint and appeal to environmentally conscious travelers.
Immersive Experiences: Modern travelers seek authentic and immersive experiences. Cruise lines are responding by offering culturally rich itineraries, unique shore excursions, and onboard activities that showcase the diverse cultures and heritage of European destinations. This trend reflects a shift towards experiential travel over traditional sightseeing.
Digital Transformation: Technology is revolutionizing the cruise experience. From AI-powered personalization to seamless mobile apps for onboard services, digital innovation is enhancing convenience and efficiency for passengers. Moreover, advanced booking platforms and virtual reality simulations are empowering travelers to preview and customize their cruise experience.
Health and Wellness: The pandemic has heightened the importance of health and wellness in travel. Cruise lines are implementing rigorous hygiene protocols, enhancing medical facilities onboard, and expanding wellness offerings such as fitness classes, spa treatments, and healthy dining options to reassure travelers and prioritize their well-being.

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Key Takeaways:

Based on cruise type, Ocean Cruises is predicted to account for a dominant share of Travelers in the market through 2032.
By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~75%.
In terms of age group, demand in the age group from 56-65 years and 66-75 years will continue gaining traction through 2032.
Based on packages, European cruise travelers will continue to opt packaged deals over the normal travel deals.

Key Players

Princess Cruises
MSC Cruises Company
Silversea Cruises
Holland America Line
Star Clippers
Celebrity Cruises
Carnival Cruise Line
Myths and Mountains
Merapi
Adventure Smith Explorations
BlueFoot
Explore Europe
British Isles Cruise
Virgin Voyages

European Cruise Market by Category

By Cruise Type:

Ocean Cruises
River Cruises
Expedition Cruises
Theme Cruises
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
56-65 Years
66-75 Years

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