Global Preparative and Process Chromatography Market Analysis, Reaching an Estimated US$14.53 Billion by 2034

preparative and process chromatography market
preparative and process chromatography market

The global preparative and process chromatography market is on track for steady expansion, reaching an estimated US$14.53 billion by 2034, according to a recent industry report. This represents a projected CAGR (Compound Annual Growth Rate) of 3.9% from 2024.

This growth is attributed to two significant factors:

  • Rising Demand for Monoclonal Antibodies: The pharmaceutical and biotechnology sectors are witnessing a surge in the demand for monoclonal antibodies, a critical component in developing targeted therapies. Preparative and process chromatography plays a vital role in the efficient purification of these antibodies.

  • Growing Regulatory Stringency: Stricter regulations across various industries are driving the need for advanced purification techniques. Preparative and process chromatography ensures products meet the highest quality standards, particularly in sectors like biotechnology, pharmaceuticals, and food.

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Beyond these key drivers, the market is further fueled by:

  • Technological Advancements: Continuous advancements in chromatography methods are enhancing efficiency and accuracy, making preparative and process chromatography a more attractive option.

  • Importance of High-Quality Products: The increasing demand for superior products in sectors like chemistry, biology, forensics, and pharmaceuticals is propelling the adoption of preparative and process chromatography for superior purification.

Surge in Production Demands Drives Innovation: The ever-growing production demands within these end-use industries are further stimulating innovation and adoption of preparative and process chromatography solutions.

Multiple Industries Fuel Demand for Efficient Purification

Beyond monoclonal antibodies, preparative and process chromatography is experiencing a broader surge in demand across various sectors. This is driven by several trends:

  • Advancements in Chromatography Techniques: Technological innovations are constantly improving the efficiency and accuracy of chromatography methods.
  • Stricter Regulatory Requirements: Regulatory bodies are enforcing stricter standards, necessitating high-precision purification techniques like preparative and process chromatography.
  • Growing Focus on Quality: Across industries like biotechnology, pharmaceuticals, and food, the emphasis on superior product quality is intensifying. Preparative and process chromatography ensures this quality by delivering exceptional purification capabilities.

Innovation Fueled by Increasing Production Demands

The ever-growing production demands within these end-use industries are further accelerating the development and adoption of preparative and process chromatography solutions. As manufacturers strive to meet rising production targets, these advanced purification techniques become increasingly essential.

Key Takeaways from FMI’s Preparative and Process Chromatography Market Report

  • Gas chromatography forecasted to remain the most sought-out technique among end-users.
  • Centrifugal Partition Chromatography (CPC) is expected to metamorphose into a prominent alternative to purification processes owing to its high loading capacity and low solvent consumption.
  • Increased preference for Simulated Moving Bed (SMB) chromatography to channel a significant portion of revenue.
  • North America and Europe are expected to cumulatively account for over 60% of global market share

Preparative and Process Chromatography Market- Key Trends

  • Penetration of 3D printing has empowered market players to develop automated analytical methods, and the development of membrane-based 3D printed separation devices and other latest systems are bestowing substantial revenue opportunities.
  • Fast Protein Liquid Chromatography (FLPC) is gaining remarkable traction in the purification of biomolecules, thereby ensuring healthy overall growth.
  • Sprouting investments in emerging economies, especially Asia Pacific, is boosting the market growth.

Preparative and Process Chromatography Market – Region-wise Outlook

  • North America to prevail as the largest regional market through the forecast period, ascribed to high funding for research in life sciences.
  • Europe is expected to remain the second most lucrative region owing to the strong presence of market players seeking collaborations and expansion.
  • South Asia and East Asia are projected to exhibit tremendous growth potential during the forecast period, backed by increasing investments in biotechnology and pharmaceuticals in China and India.

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Preparative and Process Chromatography Market – Competitive Landscape

Key players operating in the preoperative and process chromatography market include Agilent Technologies, GE Healthcare, Pall Corporation, Merck KGaA, Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Novasep Holding S.A.S, and Chiral Technologies, Inc. Market players are focusing on launching new products to strengthen their foothold, and are collaborating with other players to achieve the same.

On these lines, BIA Separations, in July 2020, signed agreements with IT Technologies Pte. Ltd., GeneX India Biosciences Pvt. Ltd. for the latter to distribute their products across Malaysia, Singapore, and India.

Preparative and Process Chromatography – Taxonomy

Type:

  • Preparative chromatography(Consumables, columns, systems, services, resins)
  • Process chromatography (consumables, columns, systems, services, resins)

End-use:

  • Biotechnology & pharmaceutical industry
  • Food & nutraceutical industry
  • Academic research laboratories

Region:

North America

  • U.S
  • Canada

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Europe

  • EU-5
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

South Asia

  • India
  • Pakistan
  • Sri Lanka

East Asia

  • China
  • Japan
  • South Korea

Oceania

  • Australia
  • New Zealand

Middle East & Africa

  • GCC
  • Turkey
  • South Africa
  • Rest of MEA

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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.

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Enterprise Drone Management Solutions Market Set to Reach US$ 7,725.4 Million by 2033, with a CAGR of 17.7%

FMI Predicts Rising Precision Farming Applications to Aid Enterprise Drone Management Solutions Market in Surpassing US$ 1,509.8 Million in 2023

The Enterprise Drone Management Solutions Market is predicted to develop at an impressive 17.7% CAGR from 2023 to 2033, preceding the lower 15.6% CAGR witnessed between 2018 and 2022. As per FMI, the market valuation is set to rise from US$ 1,509.8 million in 2023 to US$ 7,725.4 million by 2033

Precision farming is seeing rising demand for enterprise drone management solutions to boost agricultural output, driven by technology innovation and downstream applications. Regulatory constraints are a concern, but the development of self-driving drones and IoT gives opportunity. The use of drones for delivery and transportation in the healthcare business during the pandemic fuels market growth, as do drone uses in agriculture and media.

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Drones are becoming increasingly popular in commercial and private applications due to their versatility, efficiency, and cost-effectiveness. Aerial photography aids the real estate and infrastructure industries, while enterprise drone management systems permit use in hazardous remote regions. Integration of modern technologies such as ML and AI improves growth potential even more by enabling real-time data-driven decision-making.

Because cybercriminals are using drone advancements for illegal purposes, demand for enterprise drone management systems may meet problems. Manufacturers’ integration of cloud computing and 5G technologies, increased commercial applications, altering regulatory rules, and R&D developments, on the other hand, are likely to boost market expansion.

Key Takeaways 

  • The enterprise drone management solution market in India is expected to grow rapidly, with a CAGR of 22.1% by 2033, driven by increased drone usage across various industries and the need for efficient drone fleet management.
  • The enterprise drone management solution market in the United Kingdom is estimated to develop at a CAGR of 17.4% by 2033 as businesses adopt drones for duties such as surveillance, delivery, and inspection, resulting in increased demand for drone management systems.
  • The enterprise drone management solution market in China is expected to grow at a robust CAGR of 19.3% by 2033, owing to the country’s substantial use of drones in agriculture, logistics, and infrastructure sectors, which is creating a demand for advanced drone management platforms.
  • The enterprise drone management solution market in Australia is expected to grow slowly, with a CAGR of 1.9% by 2033, as industries investigate the potential of drones and seek effective management solutions to simplify operations.
  • The enterprise drone management solution market in Japan is expected to develop at a moderate 5.2% CAGR by 2033, as enterprises increasingly use drones for functions such as surveying, mapping, and disaster response, boosting the demand for sophisticated drone management systems.

Competitive Analysis  

Leading drone manufacturers such as DJI, Parrot, and Yuneec have a strong market presence, providing integrated systems that combine drone hardware with proprietary drone management software. To stay competitive, these organizations rely on their strong brand reputation, global distribution networks, and ongoing product innovation.

Emerging firms with revolutionary technology are entering the market to address specific difficulties in drone fleet management. These newcomers frequently include features such as AI-powered analytics, automated flight planning, and real-time data insights, improving drone management systems’ capabilities.

Recent Developments 

  • DroneDeploy has introduced a new function known as “DroneDeploy for Enterprise.” DroneDeploy for Enterprise is a cloud-based platform for managing drone fleets and operations for enterprises.
  • Airware has introduced a new product known as “Airware Aero.” Airware Aero is a drone management software that assists organizations in automating drone operations.

Key Segments Profiled in the Enterprise Drone Management Solutions Market Survey

By Type:

  • Multirotor Drones
  • Fixed-wing Drones
  • Hybrid Drones

By Technology:

  • Aerial Photography and Remote Sensing
  • Data Acquisition and Analytics
  • Mapping and Surveying
  • 3D Modeling
  • Others

By Application:

  • Agriculture
  • Aerial Surveillance
  • Disaster Relief
  • Oil & Gas Exploration
  • Environment Monitoring
  • Production
  • Manufacturing
  • Supply Chain & Logistics

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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Author:

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

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

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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T: +1-845-579-5705
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Citrus Oils Market Projected to Grow to US$ 5.8 Billion by 2032, Unveiling Promising Opportunities

The citrus oils market is estimated to be valued at US$ 3.9 Billion in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of US$ 5.8 Billion by 2032, rising at a CAGR of 4% from 2022 to 2032.

Citrus oils are extracted from numerous fruits, including oranges, lemons, grapefruits, and limes, using a careful procedure. Their acidic and pleasant characteristics make them a popular element in a variety of sectors. Citrus oils provide a variety of benefits that cater to a wide range of consumer demands, from culinary pleasures to personal care products, aromatherapy, and cleaning solutions.

Furthermore, citrus fruits and vegetables such as orange, lemon, and grapefruit, the primary sources of citrus oil, are abundant in nature. As a result, the broad availability of citric fruits and vegetables has played an important role in growing citrus oil production.

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In 2022, the citrus oils market is anticipated to be worth US$3.9 billion. According to Future Market Insights (FMI), the market as a whole is anticipated to increase at a CAGR of 4% from 2022 to 2032, reaching a valuation of US$ 5.8 billion.

As a result of rising health consciousness and consumer demand for natural ingredient products, the citrus oil market is rapidly expanding. The growing popularity of organic products is fueling industry growth. Other factors such as rising demand for cosmetic and personal care products, rising disposable incomes, and rapid technological advancements will all significantly contribute to market growth.

Growing investments in research and development activities to find new uses for citrus oil are expected to boost the global citrus oil market’s growth over the forecast period.

Key Takeaways from Market Study

  • The Chinese citrus oil market is expected to reach USD 540 million by 2032, growing at a CAGR of 9%.
  • France is expected to have a 15% market share. France is expected to be the largest market in terms of the value of citrus oils during the forecast period, as consumers’ preferences for sophistication and demand for natural beauty care products, fragrances, and medicines rise.
  • The Citrus Oil Market in Germany is expected to grow at a CAGR of 3.8% between 2022 and 2032.
  • The Spanish citrus oil market is expected to grow at a CAGR of 3.5%. Apart from the food and beverage industries, citrus oil is expected to be in high demand in the healthcare industry in Spain for the treatment of infections, skin disorders, obesity, and asthma.
  • The Russian citrus oil market is expected to expand at a 4.5 percent CAGR. Orange oil is in high demand among Russian citrus oil market participants.

“Citrus oil is gaining popularity not only as a flavor enhancer but also for its medicinal properties. Citrus oil demand has increased in recent years due to an increase in demand for protected and value-added foods,” says a lead analyst at Future Market Insights.

Who is winning?

The market’s essence is sharply divided. Increased use of nutraceutical, functional, and dairy supplements due to their high phenolic content is expected to create growth opportunities for market participants. During the forecast period, the nutraceutical industry will expand significantly, and product demand will rise.

For example, Archer Daniels Midland Company (ADM) acquired Ziegler Group, a European citrus oil manufacturer, in March 2019 in an effort to expand their citrus oil offerings in the market.

Mountain Rose Herbs, Young Living Essential Oils, Farotti Essenze, Moksha Lifestyle Products, LLC, TERRA Holdings, Plant Therapy Essential Oils, and others are among the market’s major players.

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Future Market Insights, in its new offering, provides an unbiased analysis of the citrus oil presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the citrus oil based on source (Oranges, Tangerines/Mandarins, Lemon and Lime, Grapefruit) extraction method (Steam Distilled, Cold-Pressed, Hydro-Distillation) fold (2-4 Folded, 5-7 Folded, 8-10 Folded, Above 10 Folded) grade (Deterpenated Oil, Terpenless Oil, Concentrated Oil, Terpene Oil) application (Food & Beverage, Personal Care & Beauty Products, Home Care Products, Aromatherapy, Health Care Products) channel (Direct Sales, Modern Trade, Specialty Store, Mono Brand Store, Online Retailers, Other Sales Channels) region (North America, Latin America, Europe, Japan, APEJ, MEA).

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Market Segments Covered in Citrus Oils Industry Analysis :

By Source :

  • Oranges
  • Tangerines/Mandarins
  • Grapefruit
  • Lemon and Lime

 By Extraction Method :

  • Steam Distilled Method
  • Cold Pressed Method
  • Hydro-Distillation Method

By Fold Type :

  • 2-4 Folded
  • 5-7 Folded
  • 8-10 Folded
  • Above 10 Folded

By Grade Type :

  • Deterpenated Oil
    • Terpenless Oil
    • Concentrated Oil
  • Terpene Oil

By End-Use Industry :

  • Food & Beverage
  • Personal Care & Beauty Products
  • Home Care Products
  • Aromatherapy
  • Health Care Products

By Sales Channel :

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

Region :

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Blooming Opportunities: Cottonseed Oil Market Set to Reach US$ 5 Billion by 2028

The Cottonseed Oil Market is valued at US$ 4 Billion in 2021. The market is likely to grow at a CAGR of 3.2% through 2028, reaching US$ 5 Billion.

Cottonseed oil is widely used in both the industrial and retail sectors, and it is gaining popularity in the foodservice business as well. However, a new Future Market Insights prediction indicates that worldwide cottonseed oil sales will expand modestly.

According to the FMI analyst, global sales of cottonseed oil are predicted to reach US$4 billion by the end of 2022, with the majority of those sales coming from the Asia Pacific region.

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With revenue growth projections for 2019 and beyond, the worldwide cottonseed oil market reveals a negative growth outlook on a global scale. The research based on the cottonseed oil market study covers the top two pull factors in depth. These factors are linked to the revenue growth rate of the cottonseed oil market.

Gossypol Content of Cottonseed Oil Accounts for the Demand on the Lower Side

Cottonseed oil continues to be an exception, despite the fact that the demand for edible oils, especially cold-pressed varieties, is increasing steadily over the world. The paper attributes the restricted consumption of cottonseed goods, particularly cottonseed oil, to the significant presence of the chemical gossypol in cottonseed.

“While constantly ongoing research is likely to result in lowering the toxicity levels of gossypol content in cottonseed, the overall growth of the demand for cottonseed and derived products such as cottonseed oil remains passive worldwide,” adds the analyst further.

Another strong factor restraining the sales of cottonseed oil is its neutral taste and indistinct flavor, unlike that of other edible oil competitors – as indicated by the FMI report.

Market segmentation

Global Cottonseed Oil Market Segmentation on the Basis of Nature

  • Organic
  • Conventional

Global Cottonseed Oil Market Segmentation on the Basis of Raw Material

  • Genetically Modified Cotton
  • Non-genetically Modified Cotton

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Global Cottonseed Oil Market Segmentation on the Basis of Distribution Channel

  • Industrial
    • Food Processing Industry
      • Bakery & Confectionery
      • Sauces, Spreads, & Dressings
      • Shortenings/Margarine
      • Others
    • Cosmetics & Personal Care
    • Others
  • Food Service Providers
  • Retail/Households

Global Cottonseed Oil Market Segmentation on the Basis of Packaging

  • Bulk
  • Retail
    • Pouches
    • Cans
    • Tins

Global Cottonseed Oil Market Segmentation on the Basis of Distribution Channel

  • Direct/B2B
  • Indirect/B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Traditional Groceries
    • Online Retail

China’s Lead Sustains APEJ’s Top Consumer Position in Cottonseed Oil Landscape

Asia Pacific (excluding Japan), the largest cottonseed producer and exporter – and the potential goldmine for leading F&B manufacturers, processors, packagers, and import-export stakeholders – offers a heap of business opportunities increasing the likelihood for businesses to thrive in this regional market. India and China currently hold an almost equal revenue share in the APEJ market for cottonseed oil; however, according to the report, China is witnessing moderate yearly growth in revenue and thus will reflect higher incremental opportunity in the market, in coming years. At present, China accounts for more than 40% share of APEJ’s revenue, closely trailed by India.

Regional and Local Market Players Hold Important Positions in Cottonseed Oil Market

The global landscape of cottonseed oil is characterized by the active presence of a large number of MNCs as well as regional players, of which the former account for around 50% market value share whereas the latter make up for nearly 30% share of the total market value.

The report closely examines significant players in the cottonseed oil market such as Cargill, Incorporated, Archer-Daniels-Midland Company, Wilmar International Ltd, The Nisshin OilliO Group, Ltd, Bunge Limited, and Louis Dreyfus Company B.V. Moreover, the competition tracking involves some of the important regional and local level companies, including Gabani Industries Ltd., Asha Cotton Industries, PYCO Industries, Inc., and Matangi Cotton Industries.

Significant Contributions of the Report

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Unveiling the Flavorful Future: Licorice Root Market Set to Reach US$ 2,002.1 Million by 2034

Newly released data from Licorice Root MarketAnalysis shows that global demand for licorice extracts year-on-year (YoY) growth of 4.7% in 2022 to US$ 848.9 Million and is estimated to be US$ 1,418.4 Million in 2032 witnessing a prominent CAGR of 5.3%.

Licorice root extract is an essential flavouring ingredient. It is now utilised as a flavour enhancer in the food business and as a de-bittering compound in the cigarette industry to mask the off-note flavor of stevia, that has been a popular component in the marketplace till now. In the tobacco and food sectors, stevia has long been a popular sweetener.

Licorice usage has increased in recent years in the pharmaceutical companies, as it is an important component of Traditional medicinal. The marketplace for Chinese herbal remedies is fast expanding in Europe and the United States as individuals convert to organic therapies, which include more than 75% licorice roots. The consumption for licorice in the medical business is mostly driven by the increasing demand for Chinese remedies.

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Licorice root extracts are often used to cure lung issues, respiration and skin disorders, hepatitis B and C, bleeding ulcer, cirrhosis of the liver, and mouth ulcers, among other ailments. Additionally, during the projection period 2022–2032, the growing usage of licorice roots for strengthening immunity is expected to provide considerable demand possibilities throughout the world.

Glycyrrhizin, a compound found in licorice root extract, has anti-inflammatory and antibacterial properties. Eczema and pimples are two skin conditions that it can help with. Due to its high concentration of strong antioxidants, it possesses skin brightening and anti-aging benefits.

Trials have revealed that licorice root extract can help fight viruses that invade the body. Its antibacterial properties assist in the battle against Staphylococcus bacteria, which causes skin infections.

Because of the growing demand for licorice and the scarcity of availability, there is a lot of space for new licorice manufacturers in proven importing nations like Europe. France, Germany, the America, China, as well as the Netherlands are the leading consumers of Licorice Root. Licorice extracts are becoming more popular as a result of their various health benefits. Regulatory constraints at all levels of the sector continue to be a major issue, despite the fact that the worldwide market for licorice root is rather easy to reach.

Key Takeaways from Market Study

  • The licorice root market is expected to expand at CAGRs of 11.6% and 4.8% in Europe and the Middle East & Africa, respectively, through 2032.
  • The European licorice root market currently holds 28.3% of the total market share.
  • Licorice Root extracts are selling well in worldwide marketplaces, because to rising consumer demand for good nutritional foods.
  • Increased sales of licorice compounds are being driven by a growth in the number of health-conscious buyers in the country, as well as a growing desire for fresh foods, especially among country’s millennial generation.
  • The breakout of coronavirus impacted the distribution network for licorice root, resulting in a trade slump. Regulatory constraints at all stages of the sector remain a major issue.

“Licorice root producers might generate revenue if they targeted the tobacco industries. The cigarette business might potentially be a viable model for licorice root, thanks to increased desire for alternate flavoring agent throughout the world.” says a Future Market Insights analyst.

Competitive Landscape

Licorice root producers are devoting their efforts on design and technology in aims to enhance the quality of respective products.

  • Honeywell sold M & F Worldwide entire outstanding shares of Novar USA Inc. for USD 800 Mn cash consideration, subject to a post-closing cash flow adjustment. As a result of which Novar’s successor, Clarke American, was formed through a merger.
  • Clarke American increased its direct marketing skills to incorporate customised direct marketing initiatives after acquiring Alcott Routon. The direct marketing initiatives of Alcott Routon are focused on advanced data mining and predictive models that discover elevated direct marketing possibilities.

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Segments Covered in Licorice Root Market Analysis

By Product Form:

  • Roots
  • Extracts
    • Blocks
    • Powder
    • Paste
    • Others

By End-Use:

  • Food & Beverage Industry
  • Tobacco Industry
  • Pharmaceutical Industry
  • Cosmetic Industry
  • Dietary Supplements

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Sweet Success: Artificial Sweeteners Market Anticipated to Reach US$ 3.1 Billion by 2033

The artificial sweeteners market accumulated a value worth US$ 2.4 billion in 2022, and it is anticipated that it will reach a market value of US$ 3.1 billion by 2033, growing at a CAGR of 3.12% from 2023 to 2033.

Because of the easy access to practically endless information, consumers are becoming more conscious of their nutritional requirements. As a result, people understand the need of selecting healthier food and beverage choices. As their health concerns grow, so does their demand for healthier, lower-calorie meals and beverages.

As people’s health conditions deteriorate, there is a greater demand for low-calorie food and beverage items to help them maintain a healthy lifestyle. Most health-conscious consumers prefer sugar replacements because they are lower in calories than conventional sugar. Sugar substitute intake adds to the health benefits obtained by health-conscious customers.

Sugar substitutes can help you lose weight and manage your diabetes. Because artificial sweeteners do not contain carbohydrates, they do not raise blood sugar levels. Sugar substitutes have almost no calories, whereas a teaspoon of sugar has about 16 calories. Stevia is a sugar substitute that is hundreds of times sweeter than sugar and has almost no calories.

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Key Takeaways from Market Study

  • Russia contributes around 20% to the European Artificial Sweetener market. The market in the country is mainly driven by the consumption of bakery and alcoholic beverages.
  • New tax regime introduced by the Government of the United Kingdom to reduce consumption of sugar-based products has increased the demand for artificial sweeteners.
  • In China the artificial sweetener market is expected to grow at a CAGR of 3.5%.
  • Rise in cases of diabetes in India increases the demand for artificial sweetener market and this demand is expected to grow in the forecasted year.
  • Artificial sweetener market in Australia is expanding at a faster rate and it mainly includes the beverage segment.

“The use of artificial sweeteners in processed foods such as candies, powdered drink mixes, jams and jellies, dairy products, baked goods, and other similar food and beverages to preserve flavor while making them healthier will drive the market growth,” says a Future Market Insights analyst.

Competitive Landscape

The global market for artificial sweeteners is fragmented, with numerous large and small regional players. Leading market players are focusing their efforts on developing innovative products and implementing strategies such as acquisitions and mergers to strengthen their position in the global market.

  • Roquette, BRAIN AG, and AnalytiCon Discovery announced in January 2021 that the R&D phase for the development of Brazzein, a protein sweetener naturally found in African berries Pentadiplandra brazzeana Baillon, had been completed successfully.
  • This high-intensity sweetener has a high sweetening potency while maintaining a sugar-free functionality and pleasant taste profile. Roquette and BRAIN will now move forward with the approval and industrial scale-up of the protein sweetener in the food and beverage sector as part of their newly agreed Joint Development Agreement (JDA). A contractual agreement for its approval and production has been signed by the partners.

Some prominent artificial sweetener manufacturers are utilizing advanced technologies to provide safe, affordable, and efficient artificial sweeteners. Whole Earth Sweetener, Ach Food, Madhava Sweeteners, Cargill Inc., Beijing Vitasweet Co. Ltd., Ajinomoto Co. Inc., Tate & Lyle PLC, McNeil Nutritionals are the market’s major players.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global artificial sweetener market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product :

  • Aspartame
  • Acesulfame k
  • Saccharin
  • Sucralose
  • Neotame

By End User :

  • Food and Beverages
  • Pharmaceuticals
  • Direct Sales
  • Other End Users

By Application :

  • Bakery Goods
  • Sweet Spreads
  • Confectionery and Chewing Gums
  • Beverages
  • Dairy Products
  • Other Applications

Region :

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

The report covers exhaustive analysis on:

  • How much is the artificial sweeteners market worth in 2021?
  • What is the growth rate of the artificial sweeteners market in the forecast period?
  • What is the anticipated market value of artificial sweeteners in the forecast period?
  • Who are the key market players in the global artificial sweeteners market?
  • Which are the major countries driving demand for artificial sweeteners?
  • At what level does the report reflect pricing analysis?

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Sustained Growth Projected: Guar Gum Market Estimated to Reach US$ 1,963.93 Million by 2034

The global guar gum market size is expected to reach US$ 1,234.6 million in 2024. It will likely exhibit steady growth during the forecast period, with global demand for guar gum products rising at 4.8% CAGR. Accordingly, total market valuation is projected to reach US$ 1,963.93 million by 2034.

Guar gum is widely used in many industries, including oil and gas, cosmetics, and medicines, as well as food. It is utilised in pharmaceutical tablets and capsules as a binder, disintegrant, and controlled-release ingredient. Guar gum is a thickening, emulsifying, and stabilising agent that is extensively used in cosmetic creams, lotions, and personal care products.

Because of its widespread application in the culinary, pharmaceutical, cosmetic, and oil and gas industries, the guar gum business is rapidly increasing. Guar gum demand is expected to grow as companies continue to seek natural and usable components that will increase industrial potential and innovation.

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The three principal product type sectors are food grade, fast hydrated gum oil drilling grade, and industrial grade. The market has been segmented into numerous end-use industries, including food and beverage, fracking, textile, pharmaceutical, and others. The important portions include the core functions of thickening and stabilisation, binding agent, and other functional properties.

Among the product types, the fast-hydrated gum oil drilling grade segment will continue to remain attractive during the assessment period. This segment currently accounts for nearly 70% revenue share of the market and is likely to remain lucrative throughout the forecast period. The fast hydrated gum oil drilling grade is likely to surpass US$ 800 Mn in revenues by the end of the forecast period.

Demand for guar gum is likely to remain robust in the fracking segment. Currently, fracking accounts for over two-thirds revenue share of the market, and it is highly likely that the dominance of this segment will continue beyond 2017. This segment is projected to grow at a CAGR of 2.4% to reach a valuation of over US$ 800 Mn by the end of the forecast period.

The use of guar gum has been witnessing an increase owing to its growing application in the oil & gas industry. However, as the oil and gas industry is going through a sluggish phase, the demand for guar gum has declined to an extent. Some of the sluggishness on account of oil & gas is likely to be compensated by growing demand in the food and beverage industry. Guar gums find wide-ranging applications in the food & beverage industry, where it is used as a thickener and stabilizer.

Steady demand from the food and beverage industry is likely to provide an impetus to the growth of the guar gum market during the assessment period. Growth is likely to remain steady from the textile and paper sector, however, availability of other feasible alternatives can stymie demand to an extent.

Although still at a nascent stage, demand for guar gum in managing health disorders such as diabetes and cardiac elements presents an opportunity for manufacturers. Further advancement in the application of guar gum in the healthcare sector can open up new avenues of growth for guar gum manufacturers during the assessment period. Some of the leading players in the market include Lucid Group, Jai Bharat Gum, Hindustan Gums, Vikas WSP, Shree Ram Gum, Cargill Inc, Supreme Gums Pvt. Ltd, Ashland Inc., India Glycols Ltd, Rama industries and Lamberti.

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Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Food Grade
  • Fast Hydrated Gum Oil Drilling Grade
  • Industrial Grade

End Use Industry

  • Food and Beverages
  • Fracking
  • Textiles
  • Pharmaceuticals
  • Other End Use Industries

Primary Function

  • Thickener and Stabilizer
  • Binding Agent
  • Other Functional Properties

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fruit Concentrate Puree Market to Witness Robust Growth, Expected to Reach US$ 3,882.2 Million by 2034

The fruit concentrate puree market is evaluated to be sized at US$ 1,932.0 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a healthy clip, registering a CAGR of 7.2%. By 2034, the fruit concentrate puree market is anticipated to have reached a value of US$ 3,882.2 million.

According to Future Market Insights, these issues will prevent the global market for fruit concentrate puree from expanding rapidly. Fruit concentrate purée’s global market, which is currently worth over US$ 1,300 million, is projected to grow at a 4.8% CAGR and reach US$ 2,149.1 million by the end of 2026. With global sales of just over 6,000 tonnes and a volume CAGR of 3.7%, fruit concentrate purée consumption will likewise significantly increase over the course of this projected period.

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The market for fruit concentrate puree with exotic fruits is expected to reach a value of more than US$ 700 Mn by the end of 2026, rising at a CAGR of 5.7% from an estimated value of more than US$ 400 Mn in 2017. Between 2016 and 2026, the market for exotic fruit concentrate puree is expected to offer an absolute $ potential of US$ 274.34 Mn. Over the forecast period, the Exotic Fruit market is anticipated to grow at a volume CAGR of 3.8%.

  • An unyielding competition between local manufacturers and global players has lowered the momentum for international trade of fruit concentrate purée. To rev up the native production of fruit concentrate purée, countries are fortifying their importation laws, levying additional duty on imports of purée concentrates.
  • While strong import barriers & uptight antidumping laws are diminishing the global supply for fruit concentrate purée, the global economic meltdown is also impeding the demand for such products.
  • Undulating import-export and trade policies are inducing instability in the overall growth of global fruit concentrate purée market.
  • The demand-supply gap in the global market for fruit concentrate purée is further aggravated when harsh environmental conditions end up ruining the produce of fruit plantations across the globe.

The increased production of non-GMO fruit farms, according to the report, may cause the widening demand-supply imbalance in the worldwide fruit concentrate purée market to narrow. The manufacture of infant foods with purée concentrates and their longer shelf lives is expected to increase in the coming years, which will likely boost demand for fruit concentrate purée on a global scale.

The market for fruit concentrate purée is anticipated to grow at the quickest rate in Latin America, both in terms of volume and value. Fruit concentrate purée sales in Latin America would grow rapidly at over 11% CAGR, while North America and Western Europe would command more than 50% of global sales. It is anticipated that the market for fruit concentrate purée would grow successfully in Latin America, as well as considerably in Eastern Europe, the Middle East, and Africa, as well as Asia-Pacific (APEJ), except Japan.

Agrana Juice GmbH and Doehler GmbH will remain two key companies dominating the competitive landscape of global fruit concentrate purée market. These companies are actively contributing in global production of purée concentrates from all fruit families; citrus, berry, orchard as well as exotic.

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Companies such as Tree Top Inc., and Watt’s SA are specialising in production of exotic and orchard fruit concentrate purée, while the global market is also witnessing considerable participation from companies such as China Huiyuan Juice Group Ltd., Cobell Ltd., Fénix S.A., Grünewald Fruchtsaft GmbH, Kerr Concentrates Inc., and Tianjin Kunyu International Co. Ltd.

Segmentation in Fruit concentrate puree market

Fruit type:

  • Cherry
  • Banana
  • Apple
  • Mango
  • Blackcurrant
  • Passion fruit
  • Strawberry
  • Guava
  • Blueberry
  • Cranberry
  • Others

Product type:

  • With Sugar
  • Sugar-free

Application:

  • Beverage
  • Baby Food
  • Bakery products
  • Sauces & Dressings
  • Desserts & Dairy
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Questions Answered in the Report

  • How much is the Fruit Concentrate puree market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Fruit Concentrate puree sales?
  • How are market players reacting to the new developments in the market?
  • How much share do the top 3 companies hold?
  • Which are the major countries driving demand for Fruit Concentrate puree?
  • Who are the major players in the Fruit Concentrate puree Market?
  • What outlook does APAC provide?
  • At what rate will the U.S. Fruit Concentrate puree market grow?
  • At what level does the report reflect pricing analysis?

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

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