Market Research Blog – Page 3249 – New Product Development

Chicken Coops Market: Expected to Register a Staggering Double-Digit CAGR of 5% by 2033

The global chicken coops market is expected to register a staggering double-digit CAGR of 5%, reaching a market value of US$ 510 million by 2033.

The chicken coop market is experiencing growth due to rising interest in backyard chicken farming among consumers.
Individuals are acknowledging the benefits of raising their own chickens, including access to fresh eggs and the ability to monitor the chickens’ welfare.
Backyard chicken farming is also viewed as a fun and educational hobby for many enthusiasts.
Moreover, as sustainability becomes a more significant concern, backyard chicken farming is seen as a way to produce food locally and reduce environmental impact.
By reducing the distance food travels to reach consumers, backyard chicken farming aligns with the principles of sustainable living and promotes a more environmentally friendly lifestyle.

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Global Chicken Coops Market – Growth Drivers

Chicken coops offer various benefits including protection from predators and infections, making them popular in both small and large poultry farms.
They are essential for maintaining the health and wellness of female chickens and provide protection against skin infections.
The increasing demand for effective chicken shelters by poultry owners is driving the demand for chicken coops.
Studies suggest that chickens lay a large number of eggs in a protected environment provided by chicken coops.
The growing penetration of the internet and widespread use of social media are influencing the approach of small poultry farms.
This trend is driving the market for chicken coops in both small-scale and large-scale poultry industries.

Global Chicken Coops Market – Competitive Landscape

The global chicken coops market is consolidated with limited number of market players. These players focus upon R&D activities to develop new products to uphold hegemony in the global market.

Players in the global chicken coops market includes,

Backyard Coop Company
Greengarden Chicken
Hammond Farm Innovations
Sunrise pet Structures
Four Seasons Handyman
The Chicken House Company
Anping Hepeng Hardware Netting Company
Hebei Zhengjia Wire Mesh Company.

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Global Chicken Coops Market – Segmentation

The global chicken coops market is segmented on the basis of following,

Product type:

Wooden Coops
Wire mesh coops

Sales Channel:

Online retailers
Specialized stores
Modern trade

Regions and Countries Analyzed in the Report

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

Author

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.

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Patio Furniture Market: Predicted to Exhibit a 6% CAGR by 2033, Unveiling Growth Opportunities

In 2023, the patio furniture market is estimated to expand to a valuation of US$ 18.82 billion. From 2023 to 2033, it is predicted to exhibit a CAGR of 6%, reaching US$ 33.7 billion in 2033.

The patio furniture industry is experiencing growth as outdoor spaces are increasingly viewed as extensions of the home. Tables, chairs, and seats are designed to withstand the elements, offering durable solutions that seamlessly blend indoor and outdoor living areas.

Customer demand for more sophisticated outdoor living spaces, including chat groups, dining areas, and outdoor kitchens, is driving the development of patio furniture. Additionally, the rising popularity of customizable products that are affordable and easy to install is further fueling growth in the industry.

Governments in several nations are investing heavily in offering more open spaces such as public gardens to offer individuals with spaces to relax. These initiatives also prompted the emergence in furniture demand, which ultimately boosts the global patio furniture market growth.

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Patio Furniture Market – Key Trends

Rapid urbanization worldwide has led to infrastructural development, particularly in regions with limited space, prompting the modernization and miniaturization of furniture designs to maximize space utilization.
Manufacturers are introducing multipurpose and easy DIY installation products like foldable tables, convertible benches, and vertical gardens to cater to evolving consumer needs.
For example, American Fyre Designs offers patio tables with pre-installed fire elements made from reclaimed wood, stone, and metal.
Shifting consumer preferences towards sustainable and green outdoor furniture drive manufacturers to focus on research and development for new eco-friendly products.
Wood remains a preferred material for sustainable furniture due to its environmental benefits and aesthetic appeal, contributing to the growth of the patio furniture market.
The rise of e-commerce platforms enables easier access to patio furniture for consumers, further bolstering market growth.

Patio Furniture Market – Growth Restraints

The compact housing trend all over the globe is undermining the opportunity for the patio furniture market. Since there is less space allocated for balcony and garden, an adverse impact on the need for patio furniture might be witnessed in the past few years.

The regulatory bodies in several nations have laid down regulations concerning the fire safety standards of the material employed for producing patio furniture, this can impact the market growth. Additionally, the climatic conditions of nations also influence the demand for patio furniture.

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COVID-19 Impacts on Patio Furniture Market

At the onset of the COVID-19 outbreak, the global patio furniture market witnessed a drop in sales owing to nationwide lockdown and disruptions in the supply chain. As the lockdown began before spring & summer, which were the main sales months in this extremely seasonal sector.

Nationwide closedowns of nonessential businesses are anticipated to impact near-term sales prospects in the market since the most impacted businesses include lodging facilities, restaurants, and bars which are also substantial buyers of patio furniture.

These closedowns are furthermore impacting product distribution, since sales channels that are allowed to remain open for instance mass merchandisers, e-commerce retailers, and home centers (Home Depot, Walmart, etc.) incline to have a more limited and lower value stock selection in contrast to nonessential businesses which are forced to close.

Patio Furniture Market – Region-wise Analysis

North America will continue to dominate the global patio furniture market over the forecast period. The U.S. is the prominent consumer of patio furniture in North America, bolstered by the growing popularity of outdoor living, which spurs customers to buy products to make outdoor spaces more stylish, functional, and comfortable.

The presence of market players such as Forever Patio and Brown Jordan, innovations, and consumers willing to spend on the product are the major factors driving the region’s growth.

Asian countries continue to remain the epicenter of rapid development in the global market mainly owing to developing nations such as India and China and growing tourism in countries such as Thailand, Malaysia, and Singapore. To expand business operations, prominent manufacturers like Inter Ikea Group have already begun offering their services in the region.

Patio Furniture Market – Competitive Analysis

Leading players operating in the patio furniture market include

Ashely Industries
Inter Ikea Group
Brown Jordan
Agio International Company Limited
Keter Group
Lloyd Flanders.

Key players are extending their regional presence through collaboration, mergers, and acquisition to gain the highest market share as well as focus on product innovation, catering particularly to the residential, resorts, and hotels industries.

An online platform is playing a crucial role to attain a competitive advantage for a company. Several online platforms for example Urban Ladder, Homecentre, and Pepperfry that sell furniture online are increasing rapidly. IKEA declared its collaboration with well-known tech designers, fashion, artists, and from all over the world to celebrate the IKEA Democratic Design Process.

Ingka Group induced its investments in renewable energy on account of its mission to become climate positive by the end of 2030. Cassina, launched their first collection of patio The Cassina Perspective Goes Outdoor, which is inspired by the 50s leisure Sail Out modular sofa.

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Key Segmentations:

Material Type:

Wood
Plastic

End-use:

Commercial
Residential

Product:

Chairs
Seating Sets
Tables
Dining Sets
Loungers and Daybeds

Author

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Growing demand for healthier, non-alcoholic beverages and the appeal of cannabis for both medical and recreational purposes are propelling the market forward

Explosive growth in the Cannabis Beverages Market is caused by evolving consumer preferences and legalisation trends. Sales are expected to increase at a 17% CAGR from $1.2 billion in 2023 to $5.9 billion in 2033. Ads endorsing marijuana use for both medical and athletic purposes are fueling the growing trend of non-psychoactive CBD-infused beverages.

Due to changes in customer preferences and the growing legalization of cannabis, the cannabis beverage industry has grown enormously. Owing to the industry’s rapid expansion, a great lot of interest has been expressed by both well-established companies and creative entrepreneurs. These cannabis-infused beverages offer a variety of choices to meet the needs of customers seeking both recreational and medicinal benefits.

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The consumption of cannabis beverages is projected to increase at a CAGR of 17.00% over the projected time period. According to market analysts, cannabis beverage sales are expected to rise from US$ 1,227.3 million in 2023 to US$ 5,899.5 million in 2033.

Consumer demand for CBD-infused goods has increased as a result of public campaigns to legalise marijuana for use in sports and medicine. Because it has no psychotropic effects, customers are growing more and more fond of beverages infused with cannabidiol (CBD).

Companies that make cannabis drinks have entered the market to meet the growing demand for CBD products. Sporting marijuana use is far superior to medicinal marijuana use when it comes to illegal use.

Declining sales of alcohol and soda pop reflect a shift in consumer preferences for reviving beverages. Through joint spending on R&D and the introduction of new products, alcohol organisations are collaborating to gain a larger share of the entire business.

The dominant competitors in the market employ a variety of strategies to solidify their position as the leading businesses. One such effective tactic for increasing brand respect among consumers is purchasing businesses. After thoroughly reviewing an in-depth analysis of the market and its interest group, another crucial tactic is to sporadically present historical materials.

Key Takeaways from Market Study

Cannabis beverages with CBD as an ingredient saw the most substantial rise of 17.8% in 2021 due to CBD’s non-psychoactive qualities.
A non-alcoholic segment captures around 50.1% of the market as non-alcoholic cannabis beverages such as teas, drops, and elixirs, among others, are more popular among customers looking for healthy drinks.
The highest market revenue (USD 527.83) for cannabis beverages is obtained by North America, which also commands the top spot in the industry due to favorable governmental policies.
A noticeable increase in cannabis tourism across the country is expected to boost demand for these products even more. The European market is anticipated to represent 41% of the worldwide platform in the next years. Cann, a cannabis-infused beverage company, sells 150,000 units and raises $5 Mn in funding due to its diversification in product offerings.

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Competitive Landscape

The dominant competitors in the market employ a variety of strategies to strengthen their position as the industry’s top businesses. One such effective strategy is the acquisition of businesses to increase brand value among consumers. Intermittently offering ground-breaking products after doing a thorough analysis of the market and its target audience is another crucial tactic.

For instance, Molecule Holdings Inc. launched Molecule Crafted, a line of specialty beverages with cannabis infusions, in Canada in April 2021. These cannabis beverages have little calories and come in a variety of exotic and potent flavours.

Some of the Key Players Operating in Cannabis Beverages Industry Include:

Canopy Growth Corporation (Canada)
The Cronos Group (Canada)
Tilray. (US)
Hexo (Canada)
CannTrust (Canada)
Aurora Cannabis Inc. (Canada)
GW Pharmaceuticals plc. (UK)
VIVO Cannabis Inc. (Canada)
Alkaline88, (US)
NewAge Inc. (US)
Cannara. (Canada)
Dixie Brands (US)
KANNAWAY LLC. (US)

Latest Developments in the Cannabis Beverages Industry

In August 2021, Cann, a California-based producer of THC beverages, announced the release of Passion Peach Mate, a unique and exclusive caffeinated cannabis beverage. The producer created this line of products to give consumers who are looking for alternatives to alcoholic beverages all-natural caffeine with a trace amount of THC.

Key Segments Covered in the Cannabis Beverages Industry Report

By Type:

Alcoholic
Non-Alcoholic

By Component:

Cannabidiol (CBD)
Tetrahydrocannabinol (THC)

By Region:

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

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Global Botulism Market Expected to Grow at 6.7% CAGR, Reaching US$ 11.53 Billion by 2032

The global botulism market is poised for significant expansion, projected to achieve a Compound Annual Growth Rate (CAGR) of 6.7% between 2022 and 2032. In 2022, the market boasted a size of US$ 7.32 Billion, a figure expected to soar to US$ 11.53 Billion by 2032.

Botulism, a severe illness primarily caused by toxins associated with food and wound contamination, has been witnessing an alarming increase in cases globally. The bacteria responsible for this illness, clostridium botulism, poses a serious threat to public health. Consequently, there is a growing demand for comprehensive information regarding the disease, its symptoms, and potential treatments, driving the growth of the botulism market.

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Governments’ increased investment in Research and Development (R&D) initiatives, coupled with proactive efforts by organizations such as the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO), are instrumental in raising awareness about botulism. These efforts have led to the development of advanced antitoxins aimed at mitigating the damage caused by the bacteria, thereby fostering the expansion of the botulism market.

Key factors propelling the growth of the botulism market include heightened R&D practices, the availability of effective botulism solutions, hygiene challenges in certain regions, and an uptick in awareness about the disease and its treatments.

The market encompasses various types of botulism, including food-borne, infant, wound, latrogenic, and adult intestinal toxemia botulism. The increasing demand for botulism-specific antitoxins has significantly bolstered the market for botulism treatment products.

Wound botulism, the most prevalent type, necessitates meticulous care as treatment involves healing the wound while detoxifying the bacteria. Additionally, compromised digestive systems can increase susceptibility to adult intestinal toxemia botulism. Factors such as the aging population and modern dietary habits, characterized by the consumption of packaged and canned foods, further contribute to the growth of the botulism market.

The projected growth of the botulism market underscores the pressing need for concerted efforts from healthcare authorities, researchers, and stakeholders to develop innovative solutions and raise awareness to combat this debilitating illness effectively.

Based on the provided information, here’s an overview of the major factors that drive the growth of the botulism market:

Increase in R&D Practices: Research and development efforts aimed at understanding botulism better, improving diagnostic techniques, and developing more effective treatments are driving the growth of the market. This includes the development of antitoxins and other therapeutic interventions.
Availability of Efficient Solutions: As advancements are made in the development of treatments and therapies for botulism, the availability of efficient solutions contributes to the growth of the market. This includes improved antitoxins and other medical interventions.
Lack of Hygiene in Certain Regions: Regions with poor sanitation and hygiene practices may experience higher rates of botulism. The prevalence of the disease in these areas drives the demand for treatments and preventive measures, contributing to market growth.
Increase in Awareness About Disease and Treatments: Growing awareness among healthcare professionals and the general public about botulism, its causes, symptoms, and available treatments, leads to increased demand for medical interventions. This heightened awareness drives market growth.
Efforts by WHO and CDC: Strong efforts by organizations such as the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) to combat botulism contribute to its eradication and prevention. These efforts enhance market growth by reducing the incidence of the disease.

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However, it’s important to note that there are also factors that restrain the growth of the botulism market:

High Cost of R&D: Research and development activities related to botulism treatments can be expensive, which may hinder market growth. The high cost of developing new therapies and interventions may limit the availability of affordable solutions.
Government Austerity: Government budget constraints and austerity measures in certain regions may limit funding for research, prevention, and treatment programs related to botulism. This can impede market growth by reducing resources available for combating the disease.

Overall, while factors such as increased R&D, availability of efficient solutions, and awareness contribute to the growth of the botulism market, challenges such as high R&D costs and government austerity may pose barriers to its expansion.

Botulism Market: Key Players

The major players operating in botulism market includes XOMA Corporation, AlphaVax, Inc., Microbiotix, Inc., Molecular Targeting Technologies, Inc., and Morphotek, Inc. amongst others.

Botulism Market: Segmentation

Botulism market can be segmented based on product type, distribution channel and geography.

Based on drug type, botulism market can be segmented as follows:

Antitoxin
Trivalent Antitoxin
Heptavalent Botulinium Antitoxin
Antibiotics

Based on distribution channel, botulism market can be segmented as follows:

Hospitals including hospital pharmacies
Clinics
Retail pharmacies

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa, Rest of MEA)

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Growing awareness of health benefits and a preference for natural ingredients is driving the organic food and beverage market towards a projected $250 billion valuation in 2023

In the present year 2023, the organic food and beverage market is valued at $250 billion, with a projected compound annual growth rate (CAGR Prenatal vitamin supplements are becoming more and more popular as the value of a mother’s diet during pregnancy becomes more well recognized. These supplements supply the vital vitamins and minerals required for both the mother’s health and the development of the fetus. Pregnant women now have a variety of options to choose from, thanks to advances in product formulation and increased demand. As more women prioritize the health and well-being of their unborn children, the sector is expected to grow.

Prenatal vitamin supplement sales are anticipated to rise from an estimated US$ 522 million in 2022 to a projected USD 1.04 billion by 2032, a 7.1% compound annual growth rate (CAGR) on a global scale.

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China, India, and Japan have the three largest economies in terms of government spending on the production of organic food. There is also a considerable trend towards the production of organic foods and beverages in these most populous countries. Additionally, a notable rise in frozen food consumption brought on by a lack of time for cooking and preparation is opening up new markets for organic frozen food products in the neighbourhood supermarkets and hypermarkets.

Key Takeaways from the Organic Food and Beverages Market Study

The greatest CAGR is anticipated to be seen in the Asia-Pacific region throughout the projection period by the rapid adoption of organic farming methods in China and India.
Now organic fruits and vegetable segment dominates the market by contributing more than 40% of the revenue generated, while the organic meat & poultry segment is poised to take over later by growing at a rate of 15% through 2033.
The contribution of offline distribution channels has come down to 50% in the past few years and the online distribution channel is projected to grow at a rate of 14% during the forecast years.

Competitive Landscape for the Organic Food and Beverages Market

The Whole Foods Market L.P., THE HERSHEY COMPANY, Amy’s Kitchen, Inc., Organic Valley, Conagra Brands, Inc., Nestlé, Eden Foods, SunOpta, Dole Food Company, Inc, Dairy Farmers of America, Inc., General Mills Inc., Danone, United Natural Foods, Inc., Gujarat Cooperative Milk Marketing Federation (Amul), EVOL Foods, Eden Foods, Starbucks Corporation, Nature’s Path Food, WhiteWave Foods Co., Hain Celestial Group, Inc., Dean Foods Company, SpartanNash Company, Amy’s Kitchen, Inc., and the Kroger Co. are some of the top companies operating in the organic food and beverage sector. Additionally, in the contemporary world, many private-label organic drink companies are becoming more well-known on a broad scale.

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Recent Developments in the Organic Food and Beverages Industry

Sunopta Company, which is a pioneer in the production of healthy fruit- and plant-based meals and drinks, released OatGold TM in the market in March 2020 as a nutrient-rich powder and is used to make a variety of items, including baked goods, salty snacks, and sandwich spreads.

The purchase of Assan Foods by The Kraft Heinz Company from a privately owned Turkish company named Kibar Holding was revealed in June 2021. With this takeover, the business hopes to broaden its market reach internationally while concentrating on improving food quality and customer service.

In April 2020, Amy’s Kitchen introduced veggie-loaded pizzas that are gluten-free and are prepared using organic sweet potatoes, broccoli, and other condiments. According to another announcement by Amy’s Kitchen, in November 2020, it has plans to invest in a new pizza manufacturing plant in San Jose, California, particularly for the production of frozen organic meals and shelf-stable soups

Nature’s Path Company introduced Regenerative Organic Certified Instant Oatmeal in April 2020. Nature’s Path is also dedicated to eco-friendly packaging and has developed a business model around carbon neutrality, and ecological giveback initiatives in support of their belief that combating climate change should start with the foodstuff we produce and consume.

Key Segments

By Product Type:

Organic Fruits and Vegetables
Organic Meat, Fish and Poultry
Organic Dairy Products
Organic Frozen and Processed Foods
Organic Non Dairy Beverages
Organic Coffee and Tea
Organic Beer and Wine
Other Organic Food and Beverages

By Process:

Processed
Unprocessed

By Distribution channel:

Supermarket/Hypermarket
Specialty Stores
Convenience Stores
Online Sales Channel
Others

By Region:

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

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Animal Feed Processing Equipment Market Value Surges to US$ 34.8 Billion by 2033

The animal feed processing equipment market plays a critical role in the global food chain, ensuring the production of nutritious and efficient feed for livestock, poultry, and aquaculture. This market is experiencing steady growth, driven by several key factors.

Market Drivers: Feeding the Future

Rising Demand for Animal Protein: The global population is growing, and with it, the demand for animal protein sources like meat, eggs, and dairy. This necessitates increased feed production and efficient processing equipment.
Focus on Intensive Farming: Land scarcity and resource limitations are pushing the agriculture sector towards intensive farming practices, requiring specialized feed processing equipment for large-scale production.

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Growing Focus on Feed Quality and Nutrition: Modern animal farming emphasizes animal health and optimized growth. This creates a demand for equipment that produces consistent, high-quality feed with the right nutritional balance.
Stricter Regulations and Food Safety Concerns: Stricter regulations regarding animal feed safety and traceability are driving the need for advanced processing equipment that minimizes contamination risks and ensures consistent feed quality.
Automation and Technological Advancements: The integration of automation, sensor technology, and data analytics in feed processing equipment is improving efficiency, reducing operational costs, and optimizing production processes.

Opportunities for Manufacturers: A Feast of Possibilities

Catering to Diverse Needs: Manufacturers can cater to the varying needs of different livestock sectors by developing equipment for processing a wide range of ingredients like grains, legumes, and forages.
Focus on Efficiency and Sustainability: Developing energy-efficient equipment with features like low-emission motors and waste reduction systems can improve a manufacturer’s environmental footprint and cater to the growing demand for sustainable solutions.
Digitalization and Smart Manufacturing: Equipping feed processing machinery with sensors, real-time monitoring capabilities, and integration with digital platforms allows for predictive maintenance, remote troubleshooting, and data-driven optimization of feed production processes.
After-Sales Services and Support: Providing comprehensive after-sales support, including readily available spare parts, efficient repair services, and operator training programs, strengthens customer relationships and brand loyalty.
Focus on Emerging Markets: Manufacturers can explore opportunities in developing regions with growing animal protein consumption and rising demand for efficient feed processing solutions.

Future Trends: A Glimpse into the Feeding Bowl

- Precision Feeding and Automation: The future might see a rise in precision feeding technology, where customized feed rations are created based on individual animal needs, requiring advanced processing equipment for accurate ingredient metering and blending.
- Integration of Artificial Intelligence (AI): AI-powered equipment with machine learning capabilities could analyze feed composition and optimize processing parameters for improved efficiency and consistent feed quality.
- Focus on Alternative Feed Sources: With concerns about resource limitations and sustainability, manufacturers might see a rise in demand for equipment that can process unconventional feed ingredients like insect protein or food waste.
- Circular Economy Principles: The adoption of circular economy principles in the feed processing industry could lead to the development of equipment that utilizes recycled materials and minimizes waste generation.

Insulated Food Delivery Bags Market: Expected to Exhibit a Compound Annual Growth Rate (CAGR) of 6.8% by 2033

In 2023, the insulated food delivery bags market is expected to increase to a valuation of US$ 14.49 billion. From 2023 to 2033, it is anticipated to exhibit a compound annual growth rate (CAGR) of 6.8%, reaching US$ 27.97 billion in 2033.

The increasing trend of ordering food online via smartphones and food delivery apps like Zomato and Uber Eats is fueling the demand for insulated bags. These bags help keep food fresher for longer, enhancing the overall dining experience for consumers. Acting as catalysts, insulated food delivery bags are driving global consumption and adoption across various food delivery platforms.

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Insulated Food Delivery Bags: Market Drivers

Many insulated bag manufacturing companies are dedicated to developing innovative products with various properties including strength, durability, heat resistance, moisture resistance, and lightness.
Government regulations, such as those from the FDA in the United States, play a crucial role in regulating the food contact packaging sector, thereby promoting the adoption of insulated food bags.
In August 2019, NIKU Farms made a significant stride by introducing ground-breaking Green Cell Foam insulated packaging to Canada for its farm-to-door meat subscription boxes.
This initiative aimed to provide packaging materials that are compostable, biodegradable, and water-soluble, addressing environmental concerns.
The primary raw material used in this eco-friendly packaging is non-GMO cornstarch, sourced from renewable resources, reflecting a commitment to sustainability.

Key Players operating in insulated food delivery bags market are

The market is highly fragmented and is marked by the presence of large integrated companies such as

Coleman
Wildkin
Engel and Arctic Ice.

Companies such as Coleman and Wildkin are the manufacturers as well as suppliers of the product to end-use industries.

The manufacturers have distributors for different locations across the world. Other major companies operating in the market include

Arctic Zone
Mammoth
Green Bag America
Dometic
Xiamen Ason Products Co. Ltd
Carrycool Enterprise
American Bag Company.

The Report Covers Exhaustive Analysis on

insulated food delivery bags market segment
insulated food delivery bags market dynamics
insulated food delivery bags market size
insulated food delivery bags supply and demand
Current trends/issues/challenges pertaining to insulated food delivery bags market
Competition landscape and emerging market participants in insulated food delivery bags market
Technology related to production/processing of insulated food delivery bags.
Value chain analysis of the insulated food delivery bags market

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Insulated Food Delivery Bags: Market Segmentation

On basis of material :

PET
Fabric
Nonwovens
Polyethylene
Polyurethane
Gel packs

On basis of packaging:

Boxes & Containers
Bags & Pouches
Wraps

On basis of type:

Rigid
Flexible
Semi-Rigid

Regions and Countries Analyzed in the Report

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Gaining Momentum: GCC Hydrochloric Acid Industry to Reach US$ 116.9 Million by 2033

According to a report by Future Market Insights (FMI), the GCC hydrochloric acid industry achieved a value of US$ 63.2 million in 2018. It is projected that demand for hydrochloric acid will increase to US$ 72.3 million by 2023.

From 2023 to 2033, demand is expected to rise at a CAGR of 4.9%. As a result, the revenue is forecasted to reach US$ 116.9 million by the end of 2033.

There are various industrial uses for hydrochloric acid. It is frequently utilized in the synthesis of various chemicals and chemical intermediates as a raw material, reactant, or catalyst. Among other things, it is necessary for the synthesis of chemical compounds, pharmaceuticals, dyes, and pigments.

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In order to boost the output of oil & gas wells, hydrochloric acid is employed in the oil & gas sector. In the field of metal processing, it is also employed for cleaning and surface preparation. It is anticipated that it will be used to remove impurities such as rust, scale, oxide coatings, and others from metal surfaces.

Numerous sectors, including chemical production, petrochemicals, metal processing, and electronics, use hydrochloric acid extensively. Growth in these sectors could have a direct impact on hydrochloric acid sales across GCC.

GCC nations have been making significant investments in industrial and construction projects. Demand for hydrochloric acid is fueled by its usage in the cleaning and pickling of metal surfaces in the metalworking & construction sectors.

GCC is a leading player in the world’s oil & gas space. In the oil & gas sector, hydrochloric acid is used for well stimulation, well acidization, and mineral deposit removal from drilling equipment.

Use of hydrochloric acid is anticipated in water treatment procedures for pH regulation, descaling, and acid cleaning of water systems. Need for hydrochloric acid in this sector has been growing as water treatment and wastewater management have become more of a priority.

Soil treatment and pH correction in agriculture both include the use of hydrochloric acid. Use of hydrochloric acid in agriculture might steadily increase as GCC nations work to surge their agricultural productivity.

Chlorine and hydrochloric acid-based compounds are two common chemicals that are produced using hydrochloric acid as a fundamental raw material. The GCC’s ongoing chemical sector expansion can be a factor in the increased demand for hydrochloric acid.

Key Takeaways from the GCC Hydrochloric Acid Market:

The GCC hydrochloric acid industry expanded at 2.3% during the historical period from 2018 to 2022.
The GCC hydrochloric acid industry stood at US$ 69.2 million in 2022.
The market of hydrochloric acid in GCC is projected to witness 4.9% CAGR during the period between 2023 and 2033.
Oil well acidizing segment is expected to reach a valuation of US$ 46.2 million by the end of the forecast period.
The United Arab Emirates is set to account for around 9 to 98% of the total market share in the assessment period.

“Hydrochloric acid’s rising demand is fueled by its versatile applications in various sectors. Key manufacturers are expected to focus on penetrating new markets across the GCC region and beyond,” – says a lead Future Market Insights (FMI) analyst.

Competitive Landscape

To fulfill the rising demand for hydrochloric acid in various areas, leading producers would invest in boosting their production facilities. GCC nations are renowned for having thriving manufacturing and construction sectors.

They are also concentrating on breaking into new markets both inside and outside the GCC. They could look for unexplored markets and try to improve their distribution systems and market position.

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A few companies present in the hydrochloric acid industry in GCC:

Oman Oil Company (OOC) is a state-owned petroleum company in Oman that is actively involved in the production and marketing of various petrochemical products. It is likely to have a presence in the GCC hydrochloric acid sector, contributing to Oman’s industrial growth.
Abu Dhabi National Oil Company (ADNOC) is a key oil & gas company based in the United Arab Emirates. The company’s chemical division, ADNOC Chemicals, produces a wide range of chemicals, including hydrochloric acid. ADNOC’s strong financial position and extensive infrastructure contribute to its significance in the GCC market.

Key Companies Profiled

Al Kout Industrial Projects Co.
AL Ghaith Industries L.L.C
Union Chlorine LLC
BCI groups
Sachlo
Nama Chemicals
Dub Chem
Muscat Chemical Industry
Gulf Chlorine WLL
Qatar Petrochemical Company
KLJ Organic Qatar W.L.L
Others

Get More Valuable Insights into the GCC Hydrochloric Acid Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the GCC hydrochloric acid market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

As per Future Market Insights (FMI), the market has been analyzed based on grade (synthetic, and product), application (oil well acidizing, food processing, steel pickling, pool sanitation, calcium chloride, and others), and end-use (petroleum, food & beverages, mining, steel, textile, water treatment, chemical industry, and others) across various countries.

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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Global Cough Suppressants Market is expected to cross US$ 50,948.51 Million by 2034 at a CAGR of 6.5%, according to FMI

The global cough suppressant market is on the brink of significant expansion, with projections indicating a remarkable surge to a valuation of US$ 27,141.6 million by 2024. According to the latest analysis by FMI, the market is anticipated to maintain a robust compound annual growth rate (CAGR) of 6.5% throughout the forecast period, setting the stage for an estimated valuation of US$ 50,948.51 million by 2034.

This substantial growth trajectory underscores the burgeoning demand for cough suppressants worldwide, driven by several key factors. The increasing emphasis on health and wellness on a global scale has prompted consumers to prioritize effective management solutions for respiratory ailments, propelling the demand for cough suppressants. Lifestyle changes and a heightened awareness regarding healthcare have further fueled this demand, creating a fertile environment for market expansion.

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Cough suppressants play a pivotal role in alleviating symptoms and enhancing the quality of life for individuals suffering from various respiratory conditions. Their efficacy in managing cough-related discomfort has made them a cornerstone of healthcare strategies worldwide.

Manufacturers’ Role in the Cough Suppressant Market:

Increasing air pollution, outbreaks of viruses, and changing climates are raising the demand for cough suppressants among patients. Rising throat irritation, asthma, and airway disease are increasing patients’ demand for cough syrup to improve their conditions. Manufacturers are adopting advanced cutting-edge technology and other methods to develop cost-effective solutions, driving market growth.

Manufacturers offer a variety of cough syrup in unique flavors, adding herbs to cure patients’ health propels the global market. The unique, effective, and allergy-free products with no side effects attract patients, driving the market. Manufacturers provide excellent dry and wet cough remedies to reduce inflammation and irritation.

Rising infection, dryness in the throat, stickiness, and other problems are increasing patients’ demand for cough suppressants. Innovations in cough relief syrups and fast relief medicines are rapidly fueling the global cough suppressant market. The increasing prevalence of chronic cough, nasal blockage, and roughness in the throat is rapidly surging the demand for cough suppressants among patients.

“Ongoing research and proper administration of drug doses in cough syrup are crucial to improve patients’ condition of dry cough and respiratory tract diseases. Manufacturers are focused on the success rate of medicine and syrups while ensuring patients’ safety. They can offer better products through innovations and new developments to expand their market reach,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways:

The cough suppressant market is expected to register a CAGR of 6.5% from 2024 to 2034.
The United States market is projected to register a CAGR of 4.80% by dominating the global market through 2034.
The market in Japan is anticipated to capture a CAGR of 2.70% during the forecast period.
The market in Germany is anticipated to register a CAGR of 3.10% through 2034.
China significantly drives the global market with a CAGR of 6.90% over the forecast period.
With a CAGR of 7.30%, India is likely to advance in the global market during the forecast period.
The hospital category is estimated to lead the global market, with a share of 8% in 2024.
Dry cough segment is likely to fuel the global market, holding a share of 7.2% in 2024.

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Competitive Landscape:

Key players invest heavily in research and development activities to expand the global market size. They are innovating new products with their unique ideas and strategic approaches to offer better medical doses to their patients. These players provide high standardized products to improve patients’ health and reduce respiratory tract diseases. Key players are adopting marketing strategies such as collaborations, mergers, partnerships, and product launches to enhance their market reach.

Key players are offering excellent quality products to reduce nasal, throat, and related issues to satisfy their consumers. These players are likely to fuel the global market during the forecast period through their innovations, ideas, tactics, and product launches. They are concerned about their patient’s health and offer them better solutions.

Key Companies Profiled:

Abbott Laboratories
Acella Pharmaceuticals, LLC
GlaxoSmithKline Plc
Johnson & Johnson services Inc.
Merck KGaA
Novartis International AG
Pfizer Inc.
Procter & Gamble
Reckitt Benckiser Group Plc.
Sanofi
Perrigo Company Plc
Vernalis Plc
Tris Pharma Inc.
Aytu BioScience
Mayne Pharma Inc.
Taro Pharmaceutical Industries Ltd.
Amneal Pharmaceuticals LLC
Aurobindo Pharma Ltd.

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Key Segments Covered in the Cough Suppressant Market:

By Type:

Dry Cough
Wet Cough

Product Type:

OTC
Prescription

By Drug Type:

Dextromethorphan
Codeine
Noscapine
Levodropropizine
Others

By Form:

Solid
Liquid
Spray

By Distribution Channel:

Hospitals
Retail Pharmacies
Drug Stores
Online Pharmacies

By Region:

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

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Cleanroom Flooring Market to Boom at 6.5% CAGR: Driven by Healthcare, Semiconductors, and Advanced Technology

A recently published study by FMI expects the global cleanroom flooring market to augment at a 6.5% CAGR from 2023 to 2033. By the end of the said assessment period, a valuation of US$ 4300 Million is expected for the market.

Cleanroom flooring market growth is being driven by stricter healthcare regulations, rigid standards, and consumer demand for high-quality products, an increase in the frequency and public awareness of infectious and contagious diseases, an increase in the need for drugs and vaccines, and expanding healthcare infrastructure.

Additionally, the growing global usage of consumer electronics gadgets is pushing semiconductor demand. Furthermore, the rise of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is providing prospects for growth in the semiconductor business, assisting memory chips in processing enormous volumes of data in less time. Because of the sensitivity of technical processes, nanotechnology and semiconductor facilities must be free of dust and particles. These facilities’ floor finishes feature a floor-to-wall cove base with no grout lines or tile edges, resulting in a dust-free environment. These elements are propelling the segment’s market.

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In conclusion, the growing need for improved and quicker memory chips in commercial applications is driving development in the semiconductor industry.

Key Takeaways from the Market Study

FMI projects the global cleanroom flooring market to expand at a 6.5% value CAGR by 2033
The global cleanroom flooring market is estimated at a market value of US$ 2300 Billion
The global cleanroom flooring market is expected to garner a market value of US$ 4300 Billion
North America is forecast to be the most lucrative for cleanroom flooring market growth.
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 5.9% in the assessment period 2023-2033.
As per Future Market Insights, Europe is expected to grow at a CAGR of 6.1% in the assessment period 2023-2033.
The epoxy coatings category is expected to hold the largest market share for cleanroom flooring in the forecast period 2023-2033.

“North America is seeing an upsurge in contributions from government agencies and private groups to fund small businesses’ R&D operations. State-level initiatives are also underway, with the goal of increasing demand for cleanroom flooring.” says an analyst at FMI

Market Competition

Key players in the cleanroom flooring market are Gerflor SAS, Easypharma SRL, Lindner AG, Forbo Flooring India Pvt Ltd., and Polyflor Ltd.

Recent Developments:

In November 2022, as part of the VDMA Circular Economy Forum, recycling specialist Lindner displayed all-in-one solutions for effective plastics recycling at K 2022 in Dusseldorf. Different post-consumer stiff plastics were shredded live – and for the first time, wet cleaned – in three daily demos. Another first was achieved in collaboration with Engel: shredded hard plastics were injection moulded and transformed straight into new pallets on site.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global cleanroom flooring market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Type (Epoxy Coatings, Urethane, Vinyl & Rubber Flooring, Methyl Methacrylate flooring, and others) and by Application (Pharmaceutical & Medical Device Manufacturing, Nanotechnology & Semiconductor, Laboratory Research, and Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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