Rising Health Consciousness Drives Fermented Dairy Ingredients Market Growth: Projected to Reach US$ 16.49 Billion by 2033

Fermented Dairy Ingredients Market
Fermented Dairy Ingredients Market

According to Future Market Insights, the demand for fermented dairy ingredients is expected to grow at a CAGR of 8.2% from 2023 to 2033. The global fermented dairy ingredients market value is projected to increase from US$ 7,884 million in 2023 to US$ 16,485.5 million by 2033.

Demand for nutritional products has soared in recent years, especially in developing countries where malnourishment remains a major concern. Fermented dairy products being a major source of nutrition are gaining traction in both developed and emerging countries. Food and Agriculture Organization (FAO), revealed that approximately 150 million households are currently engaged in milk production across the globe.

Increasing per capita expenditure on dairy products is expected to favour the future prospects of the global fermented dairy ingredients market. The report also assesses that fermented dairy ingredients are likely to face stern competition from cheaper alternatives available in the market.

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In addition, growing consumer preference for alternative products such as probiotics and other supplements is expected to dampen the surging spirit of the global fermented dairy ingredients market to a certain extent. Fluctuating prices of fermented dairy products and unsafe handling process that compromises product safety and quality is also subduing the growth of the market in regions such Europe and Asia Pacific.

By product type, cheese currently accounts for the largest value share of the market followed by flavoured milk. This is primarily owing to the growing interest of dairy ingredient manufacturers to bring new innovative cheese products with unique flavours and improved textures in order to increase the product value. Meanwhile, the yoghurt segment is projected to witness the fastest CAGR, as the global consumption of yoghurt is on the rise.

Key Takeaways:

  • Increased demand for high-quality food and personal care products in developed countries like the United States and Canada is driving the demand for fermented dairy ingredients.
  • Chinese cuisine culture, particularly traditional fermented dairy ingredients, is globally recognized.
  • China is a significant exporter of fermented milk products, with top destinations including Hong Kong, Singapore, Nigeria, the United States, and Macau.
  • Beneficial enzymes, probiotic strains, and friendly bacteria in fermented dairy ingredients contribute to their growth in Germany.
  • Rising demand for health and wellness products and increased consumer awareness are driving the fermented dairy ingredients market in Brazil.
  • Manufacturers are investing in product innovations to cater to the growing demand for healthier alternatives.
  • The high cattle population in the country contributes to the production of fermented dairy ingredients.

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Key Manufacturers in the Fermented Dairy Ingredients Market are

  • Kononklijke DSM
  • CSK Food Enrichment
  • The Tatua Cooperative Dairy Company
  • Arla Foods Ingredients group Cargill Incorporated,
  • Archer Daniels Midland Company
  • Chr. Hansen Holding
  • DairyChem
  • Epi Ingredients
  • Ingredion Incorporated
  • Dairy Connection
  • Novozymes
  • Socius Ingredients
  • CP Ingredients
  • E. I. du Pont de Nemours and Company
  • Kerry
  • Biopro
  • Lake International Technologies
  • Corbion

Fermented Dairy Ingredients Market by Category

By Product Type:

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

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By Application:

  • Bakery
  • Dairy
  • Snacks
  • Others

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

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Demineralized Whey Powder Market Set to Reach US$ 1.08 Billion by 2033, Fueled by Rising Demand in Customized Infant Formulas

Demineralized Whey Powder Market
Demineralized Whey Powder Market

According to Future Market Insights (FMI), the demineralized whey powder ingredient market is expected to thrive at a CAGR of 5% from 2023 to 2033. As per recent estimates, the market value is projected to increase from US$ 657 million in 2023 to US$ 1,086.7 million by 2033.

Whey is a by-product of cheese manufacturing industry. Whey is rich in protein and less in milk fat. This collected whey contains more water hence it is concentrated to remove excess water, demineralized, and then spray-dried to get free flowing powder. Whey protein is of three major types whey protein concentrate, whey protein isolate and whey protein hydrolysate. Demineralized whey powder is white to yellowish in colour, free flowing powder, with typical milk taste and free from foreign odor. While cheese processing various salts are added to milk, hence whey is rich in minerals such as calcium, phosphorous, potassium and others. These mineral are not suitable for infant food formulations. Hence, increasing demand for infant formula is driving the growth of demineralized whey powder ingredient. Demineralized whey powder ingredient is made from fresh, pasteurized whey, collected from cheese production.

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Various techniques such as ion-exchange chromatography, electro-dialysis, cross-flow nanofiltration and others are used in demineralization of whey by removing/reducing soluble mineral, especially D90 and D70 variants are commonly used in the production of infant formula powder. The grades of demineralizes whey powders are based on the percent of mineral removed from whey. Whey powder have to store in cool and dry place and away from water and sunlight as its sensitive product.

Demineralized Whey Powder Ingredient Market: Region-wise Outlook
Demineralized whey powder ingredient market is segmented on the basis of region includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America and Western Europe is mature market for demineralized whey powder ingredient and emerging economies such as Asia Pacific provide opportunities for growth in forecast period. Increasing technological advancement in whey processing industries and rising packaged food and low-calorie food consumption in Asia Pacific, Middle East and Africa is expected to promote use of demineralized whey powder ingredient in forecast period. With increasing demands for packaged food and convenient products for infant is driving the market and is expected to register healthy CAGR during forecast period.

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Demineralized Whey Powder Ingredient Market: Drivers
Increasing population and strong demand for low calories and protein rich food is creating opportunity for demineralized whey powder ingredient in food and feed industry. As harmful minerals are removed or reduced in powder, is can be used in special food product developments. Health consumers are demanding for low calorie but still nutritionally dense products, and whey powder are rich in protein, carbohydrates and lactose and demineralized whey powder is used in food fortification and new product development designed for sports and clinical nutrition.

Demineralized Whey Powder Ingredient Market: Key Players
The key international players operating in demineralized whey powder ingredient market includes Eurosérum, Dairygold Food Ingredients, Kaskat Dairy, Senel (Holding) B.V., Van Lee Melkprodukten Barneveld BV, Dairy Crest, Valio Ltd and SPX Corporation. Manufacturing companies in demineralized whey powder ingredients are focusing on partnerships either for product portfolio expansion or for increasing global presence. For instance, in July 2014, Diary Crest signed partnership with Fonterra to sell demineralized whey powder for infant food applications.

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Market Segmentation

By Product:

  • 40% Demineralized Whey
  • 50% Demineralized Whey
  • 70% Demineralized Whey
  • 90% Demineralized Whey

By Application:

  • Dietary Supplements
  • Bakery & Confectionery
  • Infant Food
  • Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The 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
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Global Near Infrared Imaging Market Expected to Reach US$ 3.2 Billion by 2034, spearheading a healthcare revolution through the ascent of digitalization | FMI

Near Infrared Imaging Market
Near Infrared Imaging Market

The global near infrared imaging market is poised for significant growth, with a projected surge from US$ 2.2 billion in 2024 to US$ 3.2 billion by 2034. This remarkable expansion is anticipated to be driven by a robust Compound Annual Growth Rate (CAGR) of 3.9% over the next decade, according to recent analysis by FMI.

The anticipated growth in the near infrared (NIR) imaging market is attributed to several key factors. Primarily, the escalating demand for NIR imaging across various sectors including industrial inspection, medical diagnosis, and scientific research is expected to fuel market expansion. Moreover, the continuous development of new NIR imaging technologies and their application in diverse fields are projected to further drive market growth.

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Near-infrared imaging plays a crucial role in inspecting food, medicine, and other products for flaws and contamination, ensuring their safety and quality. Advancements in NIR imaging probes, dyes, and systems have led to improved image quality and resolution, enhancing its effectiveness in diagnosis and examination.

Regionally, North America is anticipated to dominate the NIR imaging market during the forecast period, owing to its high adoption in medical diagnosis, industrial inspection, and scientific research. Following North America, Europe is expected to emerge as the second-largest market, with Asia Pacific exhibiting the fastest CAGR during the forecast period. This rapid growth in Asia Pacific can be attributed to the increasing demand for NIR imaging in emerging economies such as China and India.

Key Takeaways from the Near Infrared Imaging Market:

  • The global near infrared imaging market is estimated to register a CAGR of 3.9% with a valuation of US$ 3.2 billion by 2034.
  • The market captured a CAGR of 5.7% in the historical period between 2018 and 2022.
  • The United States is anticipated to dominate the global market by registering a 4.1% CAGR during the forecast period.
  • With 4.5% CAGR, China is significantly driving the global market by 2033.
  • Japan is anticipated to secure a CAGR of 4.9% in the global market during the forecast period.

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Key Players and Strategies for Success in the Near Infrared Imaging Market:

In recent years, there has been a surge in investment and collaboration within the industry, with venture capital firms and businesses. These strategic partnerships and financial investments aim to accelerate research and development, scale production, and expand market reach.

Recent Developments:

  • In 2022, Leica Microsystems launched its NIR Fluorescence Imaging System, designed for use in both clinical and research settings. The system offers high-resolution imaging and compatibility with a wide range of NIR dyes.
  • In 2023, Medtronic (Visionsense) received FDA approval for its NIR Fluorescence Imaging System, designed for use in minimally invasive spine surgery. The system aids in visualizing nerve structures and blood vessels.
  • In 2022, Stryker received FDA clearance for its SureView NIR Imaging System, designed for use in minimally invasive surgical procedures. The system incorporates NIR technology to enhance visualization of blood flow and perfusion during surgery.

Near Infrared Imaging Market Key Players:

  • Quest Medical Imaging B.V.
  • Stryker
  • KARL STORZ SE & Co. KG
  • Olympus
  • Hamamatsu Photonics K.K.
  • Mizuho Medical Co, Ltd.
  • Shimadzu Corporation
  • Leica Microsystems
  • Medtronic
  • PerkinElmer, Inc.
  • Carl Zeiss Meditec
  • Fluoptics

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Key Segments:

By Product Type:

  • Devices
    • Near-infrared Fluorescence Imaging Systems
    • Near-infrared Fluorescence & Bioluminescence Imaging Systems
  • Reagents
    • Indocyanine Green (ICG)
    • Other Reagents

By Application:

  • Preclinical Imaging
  • Cancer Surgeries
  • Gastrointestinal Surgeries
  • Cardiovascular Surgeries
  • Plastic/Reconstructive Surgeries
  • Other Applications

By End Use:

  • Hospitals & Clinics
  • Pharmaceutical & Biotechnology Companies
  • Research Laboratories

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and 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
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Global Anti-Hangover Supplements Market is set to experience exponential growth, targeting a noteworthy US$ 6.8 billion by 2033

Anti-Hangover Supplements Market
Anti-Hangover Supplements Market

As per Future Market Insights’ industry analysis, the valuation for the global anti-hangover supplements market demand is around US$ 1.9 billion in 2023 and is projected to exhibit a CAGR of 14.5% over the forecast period, with an estimated valuation of US$ 6.8 billion by 2033.

The increased consumption of alcoholic beverages globally is one of the primary aspects boosting demand for anti-hangover supplements. In countries such as the United States, China, and Germany, alcohol consumption is becoming a serious medical condition. The growth can be linked to the increasing popularity of wine and beer among young consumers because of changes in lifestyle and the introduction of innovative ingredients.

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Rising obesity and other lifestyle-related disorders are growing awareness of anti-hangover supplements and solutions. People have employed herbal cures for hangovers for ages. Antioxidants, including vitamins, isoflavonoids, and polyphenolic compounds, which can scavenge free radicals are abundant in medicinal plants, fruits, and vegetables. Previous research on rodents suggested that oxidative stress is a significant factor in the development of hangover symptoms and showed that several antioxidants can reduce the harmful effects of alcohol consumption.

In both animal and human trials, several natural plants and products have favorable effects on alcohol metabolism. They could improve the liver’s production of ADH and ALDH and lower the blood’s alcohol content.

Key Takeaways from the Market Study:

  • Solutions are the leading segment based on product and held around 2% of the global market value share in 2022 due to the growing customer preference for herbal and plant-based products.
  • The offline segment is set to lead in distribution channels, with a projected market value share of around 1% by 2022.
  • Hangover cure goods are mainly distributed through offline distribution channels such as pharmacies, health and wellness centers, supermarkets, hypermarkets, and department stores.
  • East Asia is considered the most lucrative region, with a value share of 3% in 2022, increasing public knowledge of the advantages of alcohol detox products.
  • Europe is considered the most lucrative region, with a value share of 21.4% in the year 2022, owing to the increasing prevalence of alcoholism.

“Increasing prevalence of alcohol consumption and its associated side effects is set to propel the sales of anti-hangover supplements market across the globe. Therefore, key companies are concentrating on acquisitions and developing novel products with improved efficacy for better health outcomes.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

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Market Competition:

The anti-hangover supplements market is fragmented, and a variety of regional, up-and-coming, and established businesses are operating within it. A unique anti-hangover supplement with improved efficacy has been formulated, and key stakeholders have started promotional activities to introduce it.

  • In September 2022, H-PROOF received a patent for its revolutionary nutraceutical, The Anytime You Drink Vitamin. The edible tablets aid in promoting liver health, alcohol metabolism, and replenishing essential nutrients, allowing the beginning of the day to feel better than usual after ingesting alcohol.
  • In September 2020, Unilever agreed to buy Liquid I.V., a health-science nutrition and Wellness Company based in the United States, with a product line that includes Hydration, Energy, and Sleep; Liquid I.V. offers a 360-degree approach to wellness. In addition, Liquid I.V. is non-GMO, vegan, gluten-free, soy-free, and dairy-free.

Key Companies Profiled:

  • Abbott
  • Bayer AG
  • More Labs
  • Flyby Ventures LLC
  • Cheers Health Inc.
  • Himalaya Wellness
  • Rally Labs LLC
  • Drinkwel, LLC
  • Liquid I.V., Inc.
  • DOTSHOT
  • Toniiq
  • NoDaysWasted
  • Purple TreeLabs
  • LES Labs
  • EZ Lifestyle (Over EZ)
  • DrinkAde
  • Kaplan Laboratory LLC (H-PROOF)
  • Bytox
  • Cheal Hangover Patch
  • Party Patch
  • Rebound Hangover Fix

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Key Market Segments Covered in the Anti-hangover Supplement Industry:

By Product:

  • Solutions
  • Tablets/Capsules
  • Powder
  • Patches

By Distribution Channel:

  • Offline
  • Online Stores

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and 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
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Dishwasher Market: Projected to Reach US$ 12,406.1 Million by 2033, with a CAGR of 5.8%

Dishwasher Market
Dishwasher Market

The dishwasher market is estimated at US$ 7,059.6 million in 2023, according to newly released data by Future Market Insights (FMI). It is projected to reach US$ 12,406.1 million by 2033, with a CAGR of 5.8% from 2023 to 2033. Additionally, the share of the dishwasher market in its parent market, the house appliance market, is approximately ~4%-6%.

Various digital platforms are increasingly being used by startups and major global players to promote their products and enhance sales. There’s a growing preference for stainless-steel dishwashers since they use less water and are sturdier to use.

Consumers are also shopping for products with special attributes, such as glass protection, shine boosters, rinse aid, soundproofing, and LED touch panels. This innovation is expected to increase the demand for dishwashers.

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Key Takeaways from Market Study

  • Increasing Internet penetration and consumer enthusiasm toward connected devices are laying the foundation for the growth of the U.S. dishwasher market.
  • The market is currently experiencing a shift in consumer preference from conventional to smart dishwashers.
  • As per the analysis, sales of dishwashers in the residential category are expected to reflect high growth.
  • Built-in dishwashers account for around half of the overall market share in the United States.

Key Market Players

The report highlights important trends in the competitive scenario of the dishwasher market in the United States, along with the highlights of differential marketing strategies used by players in the market. Established players in the U.S. market account for 60% to 65% market share.

Some of the key players identified across the value chain include

  • Dacor
  • Whirlpool
  • Fagor
  • Robert Bosch
  • Arcelik AS
  • LG
  • Haier
  • Aga Rangemaster group
  • Electrolux AB
  • Sears Holding corporation
  • Asko
  • Miele
  • Others (as per request)

For Instance:

  • GE Appliances (GEA), a Haier company, announced the launch of a new USD 80 million dishwasher manufacturing line at its Louisville supersite in 2020, featuring a completely redesigned extra-large capacity dishwasher platform.

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Global Dishwasher Market by Category

By Product Type:

  • Freestanding
  • Built-in

By Application:

  • Commercial
  • Residential

By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarket/Supermarkets
  • Online Retailers
  • Other Sales Channel

By Region:

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

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Melatonin Sleep Supplements Market Poised to exceed US$ 1055.6 million by 2033, Reports Future Market Insights

Melatonin Sleep Supplements Market
Melatonin Sleep Supplements Market

The global melatonin sleep supplements market is expected to surge to a valuation of US$ 508.3 million in 2023, according to a recent report by Future Market Insights. Projections indicate that the market will witness a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 7.6% from 2023 to 2033, culminating in an anticipated valuation of US$ 1055.6 million by the end of 2033.

The global melatonin sleep supplements market encompasses the production, distribution, and sale of dietary supplements containing melatonin, a hormone crucial for regulating sleep-wake cycles. Melatonin, naturally produced by the pineal gland in the brain, plays a pivotal role in synchronizing the body’s internal clock.

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Individuals grappling with sleep disturbances, irregular sleep patterns, or jet lag often turn to melatonin sleep supplements for assistance. These supplements are available in diverse forms, including capsules, tablets, gummies, liquids, and integrated into certain foods and beverages.

The surge in demand for melatonin supplementation is attributed to the escalating prevalence of stress and insomnia worldwide. According to the Centers for Disease Control and Prevention (CDC), chronic sleep deprivation has reached epidemic proportions, underscoring the urgent need for effective sleep aids.

Melatonin supplements are touted for their efficacy in alleviating insomnia symptoms, such as difficulty falling asleep, frequent nocturnal awakenings, and excessive daytime drowsiness.

“The global melatonin sleep supplements market is witnessing robust growth fueled by increasing awareness about the importance of sleep hygiene and rising instances of sleep disorders globally,” remarked a spokesperson from Future Market Insights.

As the market continues to expand, stakeholders are expected to explore innovative formulations and delivery mechanisms to cater to evolving consumer preferences and address specific sleep-related challenges.

Melatonin Sleep Supplements Market: Booming Demand Driven by Sleep Issues and Diverse Product Offerings:

The global melatonin sleep supplements market is experiencing a surge in popularity, driven by several key factors. This press release highlights the key drivers, restraints, and opportunities shaping this rapidly growing market.

Strong Demand Fueled by Diverse Sleep Issues:

  • Multiple Supplement Options: Consumers have a wider selection of melatonin supplements, catering to individual preferences and increasing overall sales.
  • Work-Life Imbalance Impact: Rising stress, anxiety, and insomnia due to work-life imbalance are creating a significant market for sleep aids like melatonin.
  • Improved Sleep for Overall Health: Melatonin use is linked to better sleep regulation, potentially aiding in cancer prevention and immune system function.
  • Modern Lifestyle Challenges: Factors like poor sleep hygiene, screen time before bed, and unhealthy eating habits are fueling demand for melatonin supplements.

Addressing Challenges and Seizing Opportunities:

While the market faces potential restraints like lack of awareness of proper dosage and alternative treatment options, there’s significant room for growth:

  • Expansion of Healthcare Infrastructure: Developed healthcare systems are creating a larger pool of potential consumers seeking sleep solutions.
  • Growing Sleep Disorders: The increasing prevalence of sleep disorders like jet lag and circadian rhythm issues is driving market expansion.
  • Rising Disposable Incomes: As disposable incomes rise, especially among the middle class, consumers are more likely to invest in sleep aids like melatonin supplements.
  • Innovation in Product Offerings: Manufacturers who develop melatonin supplements with various flavors and delivery formats can attract a wider customer base.

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Important Developments of the Key Players in the Market:

  • In June 2023, Kaged Sustained Release Sleep Supplements where Kaged Sustained Release Sleep Supplements. MicroActive melatonin releases some up front and the rest over several hours.

Made with a unique formula to decrease sleep latency. Created to help reduce stress and promote calmness. Added Tryptophan and B vitamins to support natural melatonin levels

Competitive Landscape:

Some of the Prominent Players Working in the Global Market:

  • Amazing Nutrition (Good Brands LLC)
  • Just Potent LLC
  • Life Extension Foundation Inc.
  • Natrol LLC (Aurobindo Pharma USA, Inc.)
  • NOW Foods
  • Optimum Nutrition, Inc. (Glanbia plc)
  • Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.)
  • Reckitt Benckiser Group plc.
  • Matsun Nutrition
  • Ion Labs Inc.

Key Segments:

By Form:

  • Powder
  • Liquid
  • Capsule

By Application:

  • Sleep Disorders
  • Anxiety
  • Cancer

By Sales Channel:

  • Online
  • Retail

By Region:

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

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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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Atelocollagen Market Envisions Remarkable Surge, Forecasted to Hit US$ 14 Billion by 2032 | FMI

The atelocollagen market is to register a CAGR of 5.5% during the projection period, up from US$ 8.3 Billion in 2022 to reach a valuation of US$ 14 Billion by 2032.

Because atelocollagen makes your skin feel better, more people want to use it. They are using it in products that take care of the skin naturally. Sources often find three varieties of atelocollagen: bovine, porcine, and shark. Besides these three, there is also a type of atelocollagen called tilapi.

More people knowing about skincare helps sell treatments for looking younger and fixing skin. This makes the desire for atelocollagen products go up even more. It’s expected that North America will have the biggest part of all main areas, and then comes Europe.

Besides its many uses, it also has another good feature. It can dissolve easily and change into various forms. It is very clean and its great flexibility makes it better for beauty products and health business. Atelocollagen is a protein that gets taken out by the process of dissolving or breaking down collagen. It usually comes from cow skin and shark fins.

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Atelocollagen Market: Market Dynamics

Atelocollagen is used in natural skin care products due to its hydrating agent property. In general, three types of atelocollagen are found by sources – bovine, porcine, and shark. Apart from these three, there is another type of atelocollagen seen as tilapi. These atelocollagen have a moisturizing effect and used in skin lotion, cream, beauty essences for the cosmetic industry.

In recent days, manufacturers are using atelocollagen into their products owing to its several benefits related to human skin. Apart from its skincare benefits, it is .also known for its high degree of purity and high plasticity, which make it a perfect cosmetic protein. Atelocollagen is biodegradable; it means it can easily use in the field of cosmetics, medical devices, and in medicine. Its high elasticity allows it to reengineer into different shares such as powder, gel, films, sponge-like structure etc.

Thus it can be easily used in different industries in different forms. These properties and features represent the benefits of using atelocollagen into different products and thus there has been a significant usage recorded into the industry in past few years.

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Atelocollagen is also used in tissue regeneration which further rises the demand for atelocollagen across the globe. The players across the global are focused on an innovation such as cell tissue engineering in cosmetics and other applications. Manufacturers of atelocollagen are continuously investing into their R&D to come up with new products every time. Atelocollagen manufacturers have already contributed to a higher quality of life for millions by providing a wider usage of atelocollagen into several industries with their respective products.

Atelocollagen Market: Regional Outlook

Atelocollagen market has experienced a significant demand in the market owing to its features such as it can be shared in different forms i.e., powder, gel and presence of anti-aging and other skincare properties drive the demand of atelocollagen. Growing skincare concern among population boosts the sale of anti-aging and skin-repairing products, which further drives the demand for atelocollagen products.

The North America market is expected to hold the highest share among all other region followed by Europe. The Asia Pacific region is expected to grow at a significant pace due to the increasing demand from China, Japan, India, Korea, and other countries in this region. The Middle East & Africa is projected to contribute a significant share of the global market over the forecast period.

Atelocollagen Market: Key Players

Some of the major players in the atelocollagen market are Koken Co.,Ltd, Colway International S.A. , Integra LifeSciences, Innocoll GmbH, Sewon Cellontech Co., Ltd., Shengchi, Taike Bio, Collagen Solutions, Collagen Matrix, Symatese, Shuangmei, Maverick Biosciences, REPROCELL USA Inc., Stryker, interchim, Encoll, and DSM, and others.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Biotin Supplement Market: Expected to Progress at a Healthy CAGR of 8.5% by 2033, Unlocking Potential Health Benefits

Biotin Supplement Market
Biotin Supplement Market

In 2023, the global biotin supplement market is expected to reach a valuation of US$ 3,696.0 million. Over the forecast period, the market is anticipated to progress at a healthy CAGR of 8.5%. By 2033, it is predicted to be worth around US$ 8,331.0 million.

The global biotin supplements market is forecasted to witness a steady growth owing to rising awareness among the population regarding health benefits from biotin supplements. It is anticipated to propel the biotin supplements market due to increasing popularity and growing demand by consumers.

The market for biotin supplements is anticipated to grow at a CAGR of 11% over the course of the forecast period, from US$ 2.06 billion in 2022 to US$ 3.85 billion by 2032. During the projection period, it is anticipated that the market for biotin supplements would exhibit encouraging growth possibilities.

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Key Trends Influencing the Biotin Supplement Market

  • Biotin Deficiency in Pregnant Women: Pregnant women are more susceptible to biotin deficiency, which can lead to congenital disabilities, as highlighted by the American Journal of Clinical Nutrition.
  • High-Risk Groups: Pregnant women, smokers, alcoholics, and individuals dependent on intravenous (IV) feeding are at increased risk of biotin deficiency.
  • Market Growth through Multivitamin Supplements: The market for biotin supplements is expected to expand with the inclusion of biotin in multivitamin health supplements, catering to individuals at risk of deficiency.
  • Social Media Promotion: Brands are leveraging social media platforms to educate consumers about the risks associated with biotin deficiency, emphasizing the importance of supplementation and raising awareness about preventive measures.

Biotin Supplements Market: Market Dynamics

The health benefits offered by biotin supplements such as strengthening nails, reducing hair loss and thinning, prevent biotin deficiency. Biotin supplements are useful to minimize biotin deficiency for pregnant women, certain epilepsy medications, chronic smoker, alcoholic, and a person eating lots of processed foods. These factors boost the biotin supplements market growth. Changing lifestyle, globalization, and hectic daily routines are some of the other factors fuelling the growth of biotin supplements market. Favourable outlook towards medical nutrition has propelled the biotin supplements market.

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Biotin Supplements Market: Key Players

Some of the major players in the biotin supplements market are Sports Research, The Nature’s Bounty Co., Pure Research Products, LLC, Zhou Nutrition, Natrol LLC, Church & Dwight Co. Inc., LifeGarden Naturals, NOW Foods, Jarrow Formulas, Inc., Doctors Best, Zenwise Health, SBR NUTRITION and among others. The market players are estimated to impact market positively by focusing on marketing strategies considering healthy lifestyle to expand across all the countries.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
  • Indonesia

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Recent Developments

  • Zhejiang Xinhecheng Co., Ltd. (China) and DSM (Netherlands) inked a contract for the sale and purchase of cholesterol in January 2019. Vitamin D3 is made from cholesterol. This deal is projected to assist the organisation in increasing its total capacity and Vitamin D productivity.
  • Fermenta Biotech Limited (India) signed a 99-year lease deal with the Gujarat Industrial Development Corporation (GIDC) authority in Ankleshwar, Sayakha, in January 2019 to acquire a 40,000-square-meter plot of land for future expansion. By the end of 2020, the company hopes to start manufacturing.
  • Xiamen Jindawei Vitamin Co., Ltd. and Wu Kun Health Food Co., Ltd. (Japan) formed a joint venture in April 2016. This agreement aided the company’s expansion in Japan.

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Tumble Dryer Market: Anticipated to Reach a Market Share of US$ 20.14 Billion in 2032, Driven by Energy-Efficiency Trends

Tumble Dryer Market
Tumble Dryer Market

Due to the growing need for energy-efficient electric dryers, the tumble dryer market is likely to register a CAGR of 2.6% during the forecast period. It is anticipated to reach a market share of US$ 20.14 Billion in 2032 from US$ 14.8 Billion in 2021.

The demand for tumble dryers is on the rise due to several factors including the growing middle-class economy, improved discretionary income levels in developing nations, increased labor expenses, busy lifestyles, and the availability of various home appliances at competitive prices.

Furthermore, with the advent of digitization, consumers have become more tech-savvy and possess a better understanding of how to utilize and derive benefits from modern products, leading to increased sales of tumble dryers.

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Furthermore, the rise of smart homes is assisting in the development of devices that are able to get connected to a user’s smartphone and monitored remotely. Tumble dryers are a very popular product in the home appliance industry, and sales of tumble dryers have an impact on the entire tumble dryer market share. In addition, with an immense increase in the sales of tumble dryers, a steady pace is witnessed in the condenser dryer segment as well. As they are easier to install than vents, people are more inclined to adopt and purchase them.

Key Takeaways

  • Consumers have been excessively selecting energy-saving dryers over the recent years which is increasingly assisting them to avoid energy waste and save more money on utility bills. Furthermore, promoting manufacturers to release a slew of energy-efficient dryers on the market and improve sales of the tumble dryer.
  • Modern energy-efficient dryers are equipped with moisture sensor bars that successfully detect the level of dampness within the load in order to prevent over-drying and energy waste. In addition to that, government agencies are offering various kinds of discounts for ENERGY STAR-certified tumble dryers, resulting in an increase in demand for tumble dryers in the coming years.
  • Since consumers are actively drawn to new and advanced technologies with western culture, producers are actively searching for opportunities in order to introduce change within the tumble dryer market during the assessment period.
  • Such advanced technology is making the products zealous in their efforts in saving electricity, which gives rise to the demand for tumble dryers. Over the projection period, this one essential element creates a critical opportunity for the tumble dryer market to gain momentum among its target audience and promotes sales of the tumble dryer.

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  • Some of the prominent key players have recently introduced a washer-dryer set combined with ultra-noise reduction technology which further increased the demand for tumble dryers over the recent years.
  • Manufacturers are actively strategizing on energy-saving solutions and inculcating new technological advancements to the current prototype. Furthermore, the incorporation of a heat pump in the tumble dryers is some of the factors that are contributing to the growth of the tumble dryer market share.

Competitive Landscape

The dominant players operating in the global tumble dryer market and contributing a significant tumble dryer market share. The market is also known for being fragmented due to the fierce competition and the presence of major market players scattered all over the world.

Several key players in the global tumble dryer market have incorporated modern electric dryers combined with novel features that come with the potential to transform the appliance’s future in the marketplace. Such dominant companies come with capabilities that allow customers to monitor and manage their appliances using their smartphones, which attracts customers and boosts sales of the tumble dryer.

With significant promotional activities across all the categories, the total sales of home appliances have increased by approximately 9% in 2016, resulting in surging demand for tumble dryers across the globe. Furthermore, tumble dryers experienced the highest year-over-year increase, with value sales increasing by 12%.

Key Players Are:

Alliance, American Dryer, Pellerin Milnor, Miele Professional, Electrolux Professional, Maytag, Dexter Laundry, GIRBAU, Schulthess, Renzacci, Haier, Samsung, LG, Danube, ASKO and Whirlpool

More Insights into the Tumble Dryer Market

On the basis of sales of the tumble dryer and revenue growth, North America is anticipated to create lucrative growth opportunities over the forecast period by accounting for the maximum tumble dryer market share in the tumble dryer market. Changing weather patterns and an increase in the use of smart home products in the home.

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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IT Robotic Automation Market Eyes 15.7% CAGR, US$ 22.8 Billion by 2032

The IT robotic automation market is poised for remarkable growth, with a projected CAGR of 15.7%. This dynamic sector is anticipated to reach a substantial valuation of US$ 22.8 billion in the foreseeable future. The driving force behind this rapid expansion lies in the increasing demand for automation solutions in the information technology sector.

IT robotic automation offers organizations the opportunity to streamline their operations, enhance efficiency, and reduce human error by automating various IT processes. As businesses strive to optimize their productivity and reduce operational costs, the IT robotic automation market is becoming a pivotal player in the global tech landscape, with substantial growth on the horizon.

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Key Takeaways from the IT Robotic Automation Market Report:

  • By application, IT robotic automation services to flourish at a CAGR of 32% until 2032
  • In the U.S., the market is predicted to reach US$ 7.4 Billion while growing at a CAGR of 15.7% during the forecast period.
  • China’s market will grow at an 18.6% CAGR during the forecast period
  • UK recorded a CAGR of 16.1% during the forecast period
  • Japan is expected to reach a CAGR of 28.2% during the forecast period between 2022 and 2032

Competitive Landscape:

  • In September of 2021, Vista Equity Partners, a private equity firm that owns the analytics vendor Tibco, planned to acquire Blue Prism, a robotic process automation company, for $1.5 billion and, once the offer had been approved by the company’s shareholders, they would merge both companies.
  • Dynamic Automation and Robotics, headquartered in Simi Valley, CA, was acquired by ATC Automation in September 2021. In the custom automation and robotics market, Dynamic has a history of meeting customer needs. In addition to enhancing ATC Automation’s geographic and technological footprint, Dynamic will immediately complement them.

Leading Key Players:

  • Blue Prism
  • Appian
  • Amelia
  • Tata Consultancy Services Limited
  • Infosys Limited
  • Cognizant Technology Solutions Corp
  • Atos SE
  • Capgemini
  • Genpact Ltd.
  • Automation Anywhere, Inc.
  • Sutherland Global Services, Inc.
  • Uipath SRL

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IT Robotic Automation Market Segmentation:

By Application:

  • Tools
    • Model-based Application Tools
    • Process-based Application Tools
  • Services
    • Professional Services
      • Consulting
        • Application Management
        • Infrastructure Management
      • Integration and Development
        • Application Management
        • Infrastructure Management
      • BPO
    • Training

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

About Future Market Insights (FMI):

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

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