Market Research Blog – Page 3329 – New Product Development

Global Digital Pathology Market Poised for Explosive Growth at a 13.5% CAGR through 2033, reaching US$ 24,961.8 Million

The global digital pathology market is poised for significant growth, driven by the increasing adoption of personalized medicine approaches in healthcare. According to market projections, the market is expected to reach a valuation of US$7,035.8 million in 2023 and surge to a staggering US$24,961.8 million by 2033, reflecting a compound annual growth rate (CAGR) of 13.5%.

Virtual tumor boards, where multidisciplinary teams of medical specialists can work together on complex cases to improve treatment planning and outcomes, are made possible by digital pathology. Digital pathology is being used more often by research institutes and biotechnology businesses for preclinical and clinical research, which is fueling the market’s expansion.

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Establishing industry norms and guaranteeing compatibility among various digital pathology solutions might promote adoption by decreasing incompatibilities and enhancing user-friendliness. Encouraging patients to view their pathology reports and photographs via safe web portals can improve patient education and awareness of their medical issues.

This significant growth is attributed to several key factors:

Shift Towards Personalized Medicine: The growing focus on personalized medicine, which tailors treatments to individual patients, is creating a need for more advanced diagnostic tools. Digital pathology excels in this area by enabling a deeper analysis of patient tissue samples, leading to more precise diagnoses and targeted treatment plans.
AI and Deep Learning Integration: The integration of artificial intelligence (AI) and deep learning algorithms with digital pathology systems is revolutionizing the field. These advancements automate image analysis, improve diagnostic accuracy, and offer predictive insights, ultimately leading to more efficient and precise pathology practices.
Virtual Tumor Boards and Collaboration: Digital pathology facilitates the creation of virtual tumor boards, where healthcare professionals from various disciplines can collaborate on complex cases. This virtual environment fosters improved communication, leading to better treatment planning and patient outcomes.
Research and Development Boost: The increasing adoption of digital pathology in research institutions and biotechnology companies is another significant growth driver. These entities utilize digital pathology for preclinical and clinical research, accelerating advancements in patient care.

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Key Takeaways from the Market Study

Global digital pathology market was valued at US$ 6,199.0 million by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 10.6%.
The market in India is expected to expand at a CAGR of 13.4% through 2033.

By end-user, the pharmaceutical and biotechnology companies segment to expand at a CAGR of 13.2% through 2033.
From 2023 to 2033, digital pathology market is expected to flourish at a CAGR of 13.5%.
By 2033, the market value of digital pathology is expected to reach US$ 24,961.8 million.

“Beyond traditional histopathology, digital pathology is finding applications in fields like dermatopathology, veterinary pathology, and oral pathology, broadening its market scope”, remarks an FMI analyst.

Competitive Landscape

Prominent players in the digital pathology market are Danaher Corporation, F. Hoffmann-La Roche AG, Huron Technologies International Inc., Koninklijke Philips N.V., Olympus Corporation, Hamamatsu Photonics K.K., Carl Zeiss AG, Nikon Corporation, 3DHISTECH Ltd., Hologic Inc., PerkinElmer, Inc., Visiopharm, OptraSCAN, Inc., Inspirata, Inc., and Sectra AB., among others.

Recent Developments

In 2023, Philips Healthcare announced the launch of its new digital pathology solution, the Philips IntelliSite Pathology Solution. The Philips IntelliSite Pathology Solution is a comprehensive digital pathology solution that offers a wide range of features, including whole slide imaging, image analysis, and telepathology.
In 2022, PerkinElmer announced the launch of its new digital pathology software, the PerkinElmer Pathology Informatics Platform. The PerkinElmer Pathology Informatics Platform is a cloud-based digital pathology platform that offers a wide range of features, including whole slide imaging, image analysis, and telepathology.

Key Companies Profiled:

Danaher Corporation
F. Hoffmann-La Roche AG
Huron Technologies International Inc.
Koninklijke Philips N.V.
Olympus Corporation
Hamamatsu Photonics K.K.
Carl Zeiss AG
Nikon Corporation
3DHISTECH Ltd.
Hologic Inc.
PerkinElmer, Inc.
Visiopharm
OptraSCAN, Inc.
Inspirata, Inc.
Sectra AB

Segmentation Analysis of the Digital Pathology Market:

By Product Type:

Digital Pathology Equipment
- Whole Slide Scanners
  - Brightfield Slide Scanners
  - Fluorescence Slide Scanners
  - Combination Slide Scanners
- Clinical Microscope
- Tissue Microarrays
Digital Pathology Software
- Image Viewing and Analysis Software
  - On-premise
  - Cloud-based
Digital Pathology Information Systems
- On-premise
- Cloud-based
Digital Pathology Services
- Installation and Integration Services
- Consulting Services
- Maintenance and Validation Services

By Application:

Clinical Pathology
Molecular Diagnostics
Basic & Applied Research
Drug Development
Others

By End User:

Hospitals
Diagnostic Laboratories
Pharmaceutical & Biotechnology Companies
Forensic Laboratories
Research Institutes
Contract Research Organizations (CROs)
Clinics

By Region:

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

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Earphone Market Set to Surge: Anticipated 7.6% CAGR by 2033

The earphone market size is projected to reach US$ 26,470.6 million by 2033, with a CAGR of 7.6% during the forecast period from 2023 to 2033. In 2023, the market is estimated to be worth US$ 12,683.3 million.

Wearable integration, particularly with smartwatches and fitness trackers, is driving expansion in the earphone market.
Open-ear earphones are gaining popularity, allowing users to listen to music while remaining aware of their surroundings, suitable for sports, commuting, and outdoor activities.
Earphones come in both wired and wireless options, offering versatility to users.
Some headphones offer the flexibility to switch between wired and wireless modes, catering to varying user preferences.
Sports and outdoor earphones are designed to be waterproof and sweatproof, featuring secure fit designs for athletes and fitness enthusiasts.
Intelligent earphones can automatically filter out irrelevant sounds while amplifying important ones, such as sirens, alarms, or doorbells, enhancing safety during outdoor activities.

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Some brands incorporate sensory branding, using unique sounds or tones to create brand recognition and enhance the user experience. Blockchain technology is being explored for tracking the authenticity and provenance of premium earphones and for enhancing the security of wireless connections.

Earphones with sonic personalization technologies allow users to create a custom audio profile based on their hearing and audio preferences. AI driven sound enhancement features are developed to analyze audio in real time and optimize the listening experience.

Some earphones feature hybrid acoustic architectures, combining multiple driver types to deliver a broader frequency range and more balanced sound. Manufacturers are exploring the localization of content and regional customization to cater to the cultural and linguistic preferences of diverse global markets.

Key Takeaways from the Market Study

Global earphone market was valued at US$ 11,921.4 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 7.0%.
The market in India is expected to expand at a CAGR of 8.0% through 2033.
By application, the music and entertainment segment to account for a share of 39.3% in 2023.
From 2023 to 2033, earphone market is expected to flourish at a CAGR of 7.6%.
By 2033, the market value of earphone is expected to reach US$ 26,470.6 million.

“Earphones with ergonomic and comfortable designs aim to reduce listener fatigue during long sessions and physical activities. Earphones that incorporate gesture controls, allow users to interact with audio content and calls through physical gestures,” says Sneha Verghese, Senior Consumer Goods and Products Consultant at Future Market Insights (FMI).

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Recent Developments

In 2023, Jabra announced the launch of its new Elite 7 Pro wireless earbuds, which feature improved active noise cancellation, hybrid active noise cancellation, and a more comfortable design.
In 2022, Sennheiser announced the launch of its new Momentum True Wireless 3 wireless earbuds, which feature improved active noise cancellation, high fidelity audio, and a more comfortable design.
Skullcandy announced the launch of its new Dime XL wireless earbuds in 2022, which offer a great value for the price with long battery life and a secure fit.
In the same year, JBL announced the launch of its new Live Pro+ TWS wireless earbuds, which feature adaptive noise cancellation, JBL Signature Sound, and a comfortable fit.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global earphone market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the earphone market, the market is segmented on the basis of product type (in ear, and over ear), technology (wired, and wireless), application (music & entertainment, sports & fitness, and gaming & virtual reality), price range (low, mid-range, and premium range), sales channel (wholesaler/ distributor, hypermarket/ supermarket, specialty stores, exclusive stores, online stores, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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Segmentation Analysis of the Earphone Market

By Product Type:

In Ear
Over Ear

By Technology:

Wired
Wireless

By Application:

Music & entertainment
Sports & fitness
Gaming & virtual reality

By Price Range:

Low
Mid-range
Premium Range

By Sales Channel:

Wholesaler/ Distributor
Hypermarket/ Supermarket
Specialty Stores
Exclusive Stores
Online Stores
Others

By Region:

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

Author

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

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

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

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Multichannel Networks Market Surges with a 12.8% CAGR, Projected to Reach US$ 14.5 Billion by 2032

During the forecast period, the multichannel networks market is expected to grow at a CAGR of 12.8% globally. The multichannel networks market is projected to transcend US$ 14,547.7 Mn by 2032 and reach a market worth US$ 4,363.5 Mn in 2022.

Internet users’ increased use of video platforms has given multichannel networks new opportunities to provide video content services like cross-promotion, sponsorship, audience engagement, etc., which help multichannel networks generate income from the YouTube platform. With the help of multichannel networks, video material may be optimized in a variety of ways to boost viewer engagement on YouTube channels. Portfolio diversification enables MCNs to move away from managing content and brands and towards generating money from the current website traffic.

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There are several benefits to content creators in doing the partnership with multichannel networks and video platforms which include video creation and publishing tools, higher CPM, production and editing facilities, marketing and promotion, live events & merchandise, and copyrights and licenses for videos.

Multichannel networks aggregate thousands of channels with YouTube to syndicate, monetize, and manage content. Some multichannel networks have also started to produce their original content. In general, YouTube is the only platform used by most multichannel networks except their websites, which feature similar video content.

Multichannel Networks Market: Market Dynamics

It has been observed that most of the Multichannel networks are entering into partnership with advertisers to provide them a platform for advertisement where most of the internet users spent their time. Therefore, it can be concluded that increasing usage of the internet on mobile and standalone devices rise the demand for multichannel networks.

The increase in consumption of online and mobile video owing to platform diversification and the rise in business on YouTube due to the growing number of content creators are the drivers for the multichannel networks market.

Higher investment, rise in cyber security threats and complexity in integration on video platforms are the restraints of the multichannel networks market.

Segmentation Overview

The Multichannel Networks market is segmented into services and tools, applications, and regions. By services and tools, multichannel networks market segmented into production & editing tools, funding, monetization assistance, cross-promotion, and digital rights management. Based on application, the multichannel networks market is segmented into telecommunication, media & entertainment, BFSI, TV broadcasting, and Information technology.

Global Multichannel Networks Market: Competition Landscape

Few prominent players in Multichannel Networks market include Machinima, Inc., Maker Studios, Inc., Fullscreen, Inc., Culture Machine Media Pvt. Ltd, Qyuki Digital Media Private Limited, Vevo LLC, ZEFR, Inc., Warner Music, Inc., Universal Music Group, Inc., Warner Bros. Entertainment Inc., and The Orchard Enterprises, Inc.

Multichannel Networks Market: Regional Outlook

North America is expected to hold the largest share in multichannel followed by APEJ, Western Europe, and MEA regions. Due to the increase in online video consumption and digital transformation, there is significant growth in the multichannel networks market in the forecast period

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 includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

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The report covers an exhaustive analysis on

Global Multichannel NetworksMarket Segments
Global Multichannel NetworksMarket Dynamics
Historical Actual Market Size, 2012 – 2016
Global Multichannel NetworksMarket Size & Forecast 2016 to 2027
Supply & Demand Value Chain for Multichannel NetworksMarket
Global Multichannel NetworksMarket Current Trends/Issues/Challenges
Competition & Companies involved in Multichannel NetworksMarket
Multichannel NetworksTechnology
Value Chain of Multichannel Networks
Global Multichannel NetworksMarket Drivers and Restraints

Regional analysis for Global Multichannel Networks Market includes

North America Multichannel NetworksMarket
US & Canada
Latin America Multichannel NetworksMarket
Brazil, Argentina & Others
Eastern Europe Multichannel NetworksMarket
Poland
Russia
Rest of Eastern Europe
Western Europe Multichannel NetworksMarket
Germany
Italy
France
UK
Spain
Nordic
BENELUX
Rest of Western Europe
Asia Pacific Multichannel NetworksMarket
Australia and New Zealand (ANZ)
Greater China
India
ASIAN
Rest of Asia Pacific
Japan Multichannel NetworksMarket
Middle East and Africa Multichannel NetworksMarket
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa

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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.

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Bird Detection System Market Soars: Expected to Reach US$ 222.0 Million by 2033, Reveals Latest Industry Report

The market for bird detection systems is expected to reach a worth of US$ 134.6 million in 2023 and grow at a compound annual growth rate (CAGR) of 5.1% over the course of the forecast period. The market is anticipated to grow and reach a remarkable US$ 222.0 million by 2033.

The rise in airports and aircraft mishaps during takeoff has led to an increase in the use of airport bird detecting devices. Bird strikes may be quite problematic since the diverted birds might prolong takeoff times.

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The Bird Detection System market refers to the market for technologies, devices, and solutions that are designed to detect and prevent bird strikes at airports and other areas where birds can pose a threat to safety. Bird strikes occur when birds collide with aircraft during takeoff or landing, and can cause significant damage to the aircraft and endanger the lives of passengers and crew.

key participants present in the global bird detection system market include

Balwara Technology Company
NEC Corporation
VOLACOM
Birdstrike Alliance
XSIGHT System
OIS Advanced Technology Pvt. Ltd.

Competition Analysis – Regional Trends

Regionally, the Bird Detection System Market exhibits intriguing trends. North America, with its bustling aviation sector and stringent safety regulations, holds a significant share. Europe follows closely behind, driven by the expansion of airport infrastructure and heightened awareness of bird strike risks.

In Asia-Pacific, the market is poised for rapid growth as emerging economies invest heavily in aviation infrastructure. The Middle East and Africa are also witnessing increased adoption of bird detection systems to bolster aviation safety.

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Drivers and Opportunities

The Bird Detection System Market’s growth trajectory is propelled by a confluence of factors. The primary driver remains the safety of aviation operations. Bird strikes pose significant threats to aircraft during takeoff and landing, making bird detection systems indispensable for ensuring passenger and crew safety.

Furthermore, the increasing number of airports, both commercial and private, across the globe is creating substantial opportunities for market players. The need for efficient bird detection systems is not limited to large international airports but extends to regional and smaller airports as well, further expanding the market’s horizons.

Region-wise Insights

North America: Leading the way with a substantial market share, driven by a well-established aviation industry and strict safety standards.
Europe: Embracing bird detection systems as a crucial component of aviation safety measures, spurring market growth.
Asia-Pacific: A burgeoning market fueled by rapid airport infrastructure development and increased air travel.
Middle East and Africa: Adoption of bird detection systems on the rise, enhancing aviation safety across the region.

Category-wise Insights

The Bird Detection System Market comprises various categories, including radar-based systems, acoustic systems, and thermal imaging systems. Radar-based systems dominate the market due to their effectiveness in tracking avian movement across vast airport spaces. However, acoustic systems and thermal imaging systems are gaining traction as complementary technologies to enhance detection accuracy.

Key Competitors Boosting the Bird Detection System Market

The bird detection system market is consolidated by the number of prominent vendors present all around the region during the forecast period. The key players are using several marketing tactics to stay highlighted in the market.

Some of the key marketing strategies adopted by the key vendors are mergers, collaborations, product launches, acquisitions, partnerships and others in recent years.

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Key Segments

Firstly, by Hardware Component:

Additionally, Bird Detection Radars
Furthermore, High Sensitivity Bird Detection Camera
Moreover, Bird Detection Tablet Terminal for Patrollers
Likewise, Other Bird Detection Systems for Airports

Secondly, by Application:

In addition, Bird Detection Systems
Similarly, Bird Recognition Systems
Likewise, Bird Deterrence Systems
Furthermore, Bird Monitoring Systems
Additionally, Bird Data Logging Systems

Finally, by Region:

In contrast, Asia Pacific
Meanwhile, Europe
Moreover, North America
Additionally, Latin America
Lastly, MEA

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Author:

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Fueling the Future: Hydrogen Bus Market on a 67% CAGR Trajectory

The Hydrogen Buses Market is predicted to grow at an astronomical CAGR of 67% over the forecast period, according to research by Future Market Insights. The industry’s estimated value is expected to increase from US$ 8.45 Billion in 2023 to US$ 1426.68 Billion by 2033.

The market for hydrogen buses is primarily being boosted by surging concerns over depleting natural resources and degrading environmental conditions. This has propelled the introduction of technologies that encourage the concept of eco-friendly transportation means to sustain the ecosystem.

Additionally, the increase in the number of people perturbed by the harmful effects of air pollution, rising levels of traffic as well as GHG emissions are accelerating the adoption of hydrogen fuel cell buses. These buses, unlike conventional modes of transportation like gasoline and diesel-powered vehicles, are eco-friendly in nature and offer a sustainable transport option.

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The market is witnessing significant impacts of technological upgrades taking place in hydrogen-powered vehicles, which is widening the scope of hydrogen-powered buses for the forecast period. The hydrogen-backed buses market is predicted to enjoy several opportunities to realize its potential over the anticipated time period. Further, the increasing investments in the infrastructure for hydrogen fuel cell buses and their related charging stations are projected to incite market development in the coming years.

According to predictions from the China Association of Automobile Manufacturers (CAAM), China will produce 1,742 hydrogen fuel cell vehicles in 2021, a 48.2% increase over the previous year. In the same year, 1,586 of these cars were sold, marking a 34.7% increase year over year. The increasing demand for hydrogen fuel cell buses due to its high dependability, ability to be swiftly refuelled with hydrogen, and continuous and consistent operating capacity over long distances is leading in a favourable market outlook for hydrogen buses in China.

In the U.S., California provided funds for the production of 100 refuelling stations for hydrogen-powered vehicles to achieve its goal of 1.5 Mn zero-emission Automotives by 2025 end. Similar policies deployed by several governments across the globe to encourage environmental health and safety is expected to facilitate the adoption of hydrogen buses over the forecast period.

Key Takeaways from the Hydrogen Buses Industry

German hydrogen buses market is projected to substantially contribute towards Europe’s leading position on a global scale. The rising influx of hydrogen fuel cell buses in the country is accelerating the transition towards the green economy.
The North American hydrogen buses market holds a significant market share. Rising initiatives by private companies and government bodies to foster the growth of emission-free vehicles in the region are propelling the market development of hydrogen-powered buses.
In emerging countries like India, the escalating pollution levels and growing concerns related to health issues caused by the inhalation of polluted air are driving the demand for hydrogen buses.
In China, the Beijing Winter Olympics 2022 witnessed the circulation of 800+ hydrogen fuel cell buses. The rising production and sales of hydrogen buses in the country are predicted to catalyze market growth.
The increasing operation of eco-friendly hydrogen-powered buses in South Korea is stimulating market growth in the country. Additionally, the rising government initiatives to promote the adoption of hydrogen buses are also enhancing the market scope of these buses.

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Growing Significance of Eco-friendly Mobility Presents Opportunities for Hydrogen Buses Operators

Companies operating in the hydrogen buses market are launching new models of hydrogen buses, keeping in mind their practicality and relevancy. Additionally, active measures to develop infrastructure for hydrogen fuel cell busare is projected to create favourable market conditions for the industry players in the near future. The increasing efforts to commercialize hydrogen fuel cell buses, especially in Europe, is expected to raise the operation of hydrogen buses.

Following companies provide hydrogen buses in the market, as identified by FMI:

Tata Motors Limited
Thor Industries
Hyundai
Ballard Power Systems
NovaBus Corporation
New Flyer Industries Ltd
EvoBus
New Flyer
Hino Motors Ltd.
SunLine Transit Agency

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Hydrogen Buses Industry Segmentation by Category

By Technology:

Proton Exchange Membrane Fuel Cells
Direct Methanol Fuel Cells
Phosphoric Acid Fuel Cells
Zinc-Air Fuel Cells
Solid Oxide Fuel Cells

By Power Output:

<150 kW
150–250 kW
>250 kW

By Transit Bus Models:

30-Foot Transit Buses
40-Foot Transit Buses
60-Foot Transit Buses

By Region:

North America
Latin America
Asia Pacific
Eastern Europe
Western Europe
Japan

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Expanding Opportunities in Rapeseed Oil Market: Forecasted to Reach US$ 27.7 Billion by 2033 with 4.6% CAGR

The global rapeseed oil market is expected to cross a valuation of US$ 27.7 billion by 2033. The market is projected to advance at a CAGR of 4.6% from 2023 to 2033. In 2023, the market is anticipated to be valued at US$ 17.7 billion.

According to a survey, nearly 550 million heart patients worldwide, and owing to lifestyle factors, the number is expected to surge. Rapeseed oil is rich in omega-3, which helps in the smooth functioning of the heart. This might increase the demand for rapeseed oil during the forecast period.

Professional chefs working in luxury hotels have started adopting rapeseed oil. Owing to the lack of taste associated with rapeseed oil, the application does not alter the taste of the food that is mixed with it. Moreover, these can be heated at a temperature greater than 400 ⁰C, which leads to the fact that the taste does not get ruined due to excess heating. These factors are expected to surge the sales of rapeseed oil during the forecast period.

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Owing to the soaring cases of Vitamin E deficiency, many people have started consuming multivitamin capsules. Manufacturers who are into the production of multivitamin capsules are making use of rapeseed oil as it is an extremely rich source of Vitamin E.

One of the key applications of rapeseed oil is in the booming personal care products market. Being a rich source of Vitamin E, personal care product manufacturers are making use of rapeseed oil as these help in improving skin texture.

increase in cholesterol cases, high preference among chefs, surging personal care market, and other factors are expected to surge the rapeseed oil market growth during the forecast period – Nandini Roy Choudhury, Client Partner at Future Market Insights

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Key Takeaways:

The market is expected to hold a value of US$ 17.7 billion in 2023.
By 2033, the valuation is expected to surge beyond US$ 27.7 billion.
The CAGR is projected to be at 4.6% during the forecast period.
Based on regional analysis, Europe is expected to be the dominant market during the forecast period.
The United States market is expected to record a CAGR of 2.8%.
The United Kingdom market is anticipated to post a CAGR of 3.8%.
France market is projected to register a CAGR of 6.8%.
China market is expected to advance at a CAGR of 5.4%.
Japan market is anticipated to record a CAGR of 4.4%.
Based on product type, the processed segment is expected to hold the leading market share and is projected to advance at a CAGR of 4.5%.
On the basis of end users, the food service segment is projected to hold the dominant market share and is expected to register a CAGR of 4.6%.

Competitive Landscape

The key players operating in the rapeseed oil market are making moves to indulge in profitable mergers and acquisitions. This comes at a time when the manufacturers are taking all steps to increase their market share. The manufacturers are also taking steps to invest amounts in marketing and sales activities to spread awareness about the kind of product being manufactured by them. The idea is also to rope in some sharpest minds who have been a part of the niche for decades and helped the previous companies post record-breaking profits.

Key developments in the rapeseed oil market:

In November 2022, Wilmar was ranked second globally in the human rights benchmark.
In January 2023, Interfat announced that it had launched its website in French to specifically cater to the French audience.

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Rapeseed Oil Market Segmentation

By Product Type:

Processed
Virgin

By Distribution Channel:

Franchise Outlets
Modern Trade
Online
Specialty Stores

By End User:

Food Processor
Food Service
Retail

By Region:

North America
Latin America
Europe
Japan
Asia Pacific excluding Japan
The Middle East and Africa

Author by:

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

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

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

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

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

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Oat Drinks Market Poised for Remarkable Growth: Forecasted to Reach US$ 1.6 Billion by 2033 with 7.8% CAGR

Oat Drinks Market

The oat drinks market is predicted to be worth US$ 741.5 million in 2023 and rise to US$ 1.6 billion by 2033 at 7.8% CAGR. Initially, the global market was expanding at a CAGR of 6.2% between 2016 and 2022.

New, healthier options are one of the major market-moving reasons for oat drinks. For instance, some companies are now selling beverages made with oat milk fortified with extra vitamins and minerals.

Some producers also provide oat beverages without sugar or artificial sweeteners and instead use natural sweeteners like honey or agave. The market for oat beverages that are non-GMO or organically produced is expanding as well.

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The demand for oat cereal drinks has increased in the oat drinks industry. The popularity of oat milk, the appearance of oat-based smoothies, and the rising interest in plant-based beverages have contributed to this trend. Due to its creamy texture and nutty flavor, oat milk, in particular, has grown in popularity in recent years. Due to the rising desire for plant-based beverages, individuals are experimenting with oat cereal drinks as a substitute for dairy-based beverages.

Key Takeaways

By 2033, the United States is likely to dominate the oat drinks market, with a size of US$ 293.6 million.
The oat drinks market was significantly expanding, with a size of US$ 689.8 million in 2022.
There is a market opportunity of US$ 829.8 million in absolute terms, driven by the clean labels.
The expansion in China is anticipated to expand at an adequate CAGR of 9.3% by 2033.
By 2033, Australia is likely to expand in the oat drinks market, with a size of US$ 76.6 million.
By 2033, the oat drinks sector is likely to increase in Brazil, with a size of US$ 73.4 million.
The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 6.9% by 2033.
Based on product type, the regular full-fat segment led the market CAGR of 7.6% by 2033.
Based on flavor, the natural/unflavored continues to dominate the sector during the forecast period, with a CAGR of 7.1%

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Key Strategies in the Industry

Manufacturers like Oatly are looking for novel methods of milk extraction to establish distinctive selling points and set their products apart from the competition. The end product is more affordable because manufacturers’ direct purchases of premium raw materials from farmers favor market expansion.

Due to the growing set of startups and their increased need for convenience and health benefits, there is an increase in the demand for RTD tea and coffee in the startup market. The oat drinks industry consequently gains from this.

Lastly, the oat drinks sector has seen significant innovation spurred by the development of new technology. Businesses have created goods with better shelf life, enhanced carbonation, and innovative packaging technologies that enable greater customer convenience.

Recent Developments

Pure Harvest Farms collected US$ 180.5 million in June 2022 from international investors to support its growth.
Fazer Group purchased Kaslink in June 2019, expanding its lineup of oat-based products on a global scale.

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Key segments

By Flavour:

Natural/Unflavoured
Flavored

By Product Type:

Regular/Full Fat
Reduced Fat

By End Use Application:

Food Services
Retail Services

By Nature:

Organic
Conventional

By Format:

Shelf-stable
Refrigerated

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Safflower Oil Market Forecast: Rising Demand, Technological Advancements, and Organic Trends Drive Growth to US$ 359 Million by 2033

The safflower oil market is anticipated to achieve US$ 232.1 million by 2023, expanding at a CAGR of 4.5% from 2023 to 2033. By 2033, the market is forecast to reach US$ 359 million.

The main factors propelling the market growth are the expanding list of safflower’s skin benefits and the rising demand for safflower seed oil in the food and beverage sector. During the forecast period of 2023 to 2033, the demand for organic and natural ingredients in processed foods is anticipated to boost the overall market demand for safflower oil.

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Increasing Knowledge of Safflower Oil’s Nutritional Properties

In the upcoming years, the global safflower oil market has a significant chance of being driven by factors like rising health consciousness, rising income of consumers in developing regions like Asia Pacific, development and advancement in processing technologies, and increasing use of e-commerce in distribution networks.

Surging cases of heart disease, clotting, and strokes, all over the world have intensified the consumption of safflower, which is therefore supporting the safflower market growth. Increased elderly population disposable incomes brought on by certain nutrients are promoting market growth. The use of safflower oil as a lubricant is boosting safflower oil sales in the safflower seed oil market.

Market Constraints

Safflower, although, have multiple health benefits, it is discouraged by several medical authorities. As there aren’t enough claims and supporting data about safflower’s health advantages, this could potentially slow the market’s expansion of organic safflower oil. Safflower also contains a few negative effects that, when eaten in excess, might lead to allergies and other issues. Moreover, farmers in India are abandoning its cultivation due to unattractive prices and low market demand.

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Regional Forecast for the Safflower Oil Market

Despite the dramatic drop in exports, the safflower market in Latin America and North America is now stable. One of the significant markets for organic safflower oil is in the Asia Pacific, where demand is expected to increase over the next few years.

The fact that regional consumption has increased without corresponding increases in local output is what accounts for the markets up to this point of growth. Organic safflower oil demand is being fueled by the rising occurrence of heart illnesses, which includes artery hardening and stroke, across all geographical areas. The adoption of safflower seed oil as pure safflower oil capsules boosts the regional market.

Key Takeaways

From 2023 to 2033, the high linoleic safflower oil category in the marketis expected to record a CAGR of 4.8% by product type.
The conventional category may expand at a CAGR of 5.4% between 2023 and 2033, according to the nature section of the market.
Between 2023 and 2033, the United States safflower oil marketis expected to register a CAGR of 4.5%, reaching US$ 121.8 million.
Safflower oil sales in India are expected to register a CAGR of 5.0% by 2033, reaching US$ 88.9 million by 2033.
The Mexico safflower marketis estimated to develop at a CAGR of 3.4% to US$ 27.2 million by 2033.
Russia’s market might expand at a CAGR of 4.9% by 2033, reaching US$ 17.8 million.
The China safflower oil marketmight thrive at 8.8% CAGR to US$ 28.0 million by 2033.

Competitive Landscape

Among the top safflower oil manufacturers competing in the international safflower oil market are Adams Group, Aktivv LLP, Oil Seeds International Inc., Los Charitos, Galp Distribuición Oil Espaa, S.A.U., and Ciaberia International Inc. By focusing on research and development initiatives for various breakthroughs, market players attempt to remain relevant in the industry.

Recent Developments

Acquisition

Louis Dreyfus Company, which owns and runs oilseeds crushing and refining facilities, was acquired by Oil Seeds International Inc. in April 2018.

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Key Segments

By Product Type:

High Linoleic
High Oleic

By Nature:

Conventional
Organic

By Sales Channel:

Direct Sales
Convenience Stores
Modern Trade
Online Stores
Specialty Stores
Other Channels

By End Use:

Cosmetics & Personal Care
Dietary Supplements
Food & Beverage Industry
Foodservice
Pharmaceuticals
Retail
Others

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Phosphatidylserine Market Growth Projection: Investing in Cognitive Health Supplements with a CAGR of 5.3% through 2033

As per the latest market research conducted by FMI, the global phosphatidylserine market is expected to record a CAGR of 5.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 178.19 million. By 2033, the valuation is anticipated to reach US$ 298.1 million.

A phospholipid that occurs naturally and is composed of fatty acids and amino acids is called phosphatidylserine. Other names for it include PS, PCS, and PtdSer. Cell membranes include phosphatidylserines, which can regulate how chemicals pass through cells. One class of phospholipids, which make up the majority of cell membranes, is phosphatidylserine. Phosphatidylserine is crucial for signal transmission between the brain and other types of cells in our body, including other cells.

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The demand from millennial consumers and developing economies is predicted to increase and record a significant CAGR over the forecast period. Key growth factors for the phosphatidylserine market include technological advancements that enable effective operational maintenance, efficient production, expanded product line, high-quality design & packaging, and sales monitoring.

Development in the Market:

NZMP milk phospholipid 70 was introduced in 2021 by the New Zealand-based Corporation Fonterra Co-Operative Group Ltd under the trade name NZMP. This phospholipid ingredient is suitable for many food and beverage products, such as nutritional bars, ready-to-mix health powders, and supplement sachets. It is specially formulated for the behavioral therapy and mental function under stress issues that have been magnified during the pandemic period.

Key Takeaways:

The phosphatidylserine market is anticipated to reach a valuation of US$ 178.19 million in 2023.
The low adoption rate of dietary supplements and functional foods in many emerging economies may restrain the market to some extent.
The phosphatidylserine market recorded a CAGR of 9% from 2018 to 2022.
The market in China is expected to record a CAGR of 6.7% over the forecast period.
The phosphatidylserine market is expected to surpass US$ 298.1 million by 2033.
Phosphatidylserine is in high demand because of its benefits for cognitive function. Its application in the food and pharmaceutical industries is expected to increase phosphatidylserine’s market share, thus this primary factor is expected to drive the
The phosphatidylserine market is predicted to record a CAGR of 3% through 2033
The market in the United Kingdom is expected to record a CAGR of 5.8% over the forecast period.
The phosphatidylserine market reached a valuation of US$ 169.48 million in 2022
The market in the United States is expected to record a CAGR of 5.6% over the forecast period.

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Competitive Background:

The key players operating in the phosphatidylserine market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the phosphatidylserine market. As a result, market participants are likely to have a better overall revenue share in the global phosphatidylserine market.

Significant Key Players in the Phosphatidylserine Market Include:

Lonza AG
Enzymotec Ltd
Lipogen Products Ltd.
Doosan Corporation
Novastell
Nagase ChemteX Corporation
Bontac Bio-engineering (Shenzhen) Co. Ltd.
ECA Healthcare, Inc.
Lipoid GmbH
Chemi Nutra LLC
Others

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Global Phosphatidylserine Market: Segmentation

By Form:

Powder
Liquid

By End Use:

Functional Foods
Dietary Supplements & Nutraceuticals
Cosmetics & Personal Care

By Grade:

Food Grade
Pharmaceutical Grade

By Nature:

Organic
Conventional

By Source:

Plant Source
- Soybean
- Sunflower
- Others (Cabbage etc.)
Animal-derived

By Region:

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

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Rising Demand for Vegan Alternatives Propels Egg-Free Mayonnaise Market Forecasted to Reach US$ 7.9 Billion by 2033 with 6.4% CAGR

The egg-free mayonnaise market size is projected to be valued at US$ 4,315.4 million in 2023 and is expected to rise to US$ 7,988.2 million by 2033. The sales of egg-free mayonnaise are expected to grow at a significant CAGR of 6.4% during the forecast period.

Millennials in particular are becoming more accepting of veganism, which has sparked industry growth. Due to increased public awareness of animal cruelty and the negative environmental effects of the dairy industry, consumers are increasingly selecting products that are made from plants.

Egg-free mayonnaise often contains less fat and is gluten-free than normal mayonnaise. One of the main factors driving the market expansion is the huge increase in the consumption of ready-to-eat (RTE) packaged vegan food and drinks as well as gluten-free and plant-based diets.

Cheese, mint, lime, BBQ, chipotle, and tandoori flavors are being introduced by product manufacturers. Given the growing popularity of veganism and vegetarian diets, they are also focusing on launching vegan, organic, and egg-free variants.

The expansion of organized distribution channels such as hypermarkets, supermarkets, convenience stores, grocery stores, and online shopping applications is providing industry players with lucrative growth opportunities.

In the upcoming years, it is anticipated that protracted promotional campaigns and celebrity endorsements by product manufacturers on social media platforms is likely to have a positive impact on egg-free mayonnaise sales.

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Key Takeaways from the Egg-Free Mayonnaise market

From 2023 to 2033, China is anticipated to experience the fastest CAGR of 7.1%. In the approaching years, it is anticipated that the rising demand for plant-based bakery and confectionary products in the region would drive the sale of goods.
Supermarkets and hypermarkets, among other distribution channels, are expected to grow significantly and capture a commanding market share of 46.3% due to their presentation, availability of a wide variety on the shelves, and ease of access to consumers. The discounts provided by supermarkets and hypermarkets are expected to boost sales of egg-free mayonnaise through this channel.
Due to a larger consumer base and more retail vegan outlets than any other region, the US is anticipated to contribute a significant revenue share of US$ 1,532.0 in the egg-free mayonnaise market. Several new regional companies are entering the market, each with their own unique flavor of egg-free vegan mayonnaise.
From 2022 to 2030, the HoReca end-use segment is anticipated to experience the fastest CAGR of 4.5%. As flexitarian and vegan diets are becoming more and more popular, many restaurants, fast food chains, and casual dining establishments have started adding plant-based items and drinks to their menus.

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Competitive Landscape

The global egg-free mayonnaise market is highly fragmented, with numerous vegan mayonnaise brands present. To increase product penetration, the companies invest heavily in product launches, distribution channels, and marketing strategies. They release products made from a variety of ingredients and for a variety of purposes, such as sandwich spread, nachos dipping, and so on. Furthermore, competitive strategies such as partnerships, mergers, acquisitions, joint ventures, and so on are prevalent in this market.

Latest Developments

Press’d Sandwich Shop in Canada announced the launch of two meat-free menu items using Gardein Chick’n in December 2020. The California Vegan and the Blazing Vegan are two of the inventive sandwich options, both of which include vegan mayo and vegan cheddar cheese.

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Key Segments Covered in the Egg-Free Mayonnaise Market Report

By Nature:

Organic
Conventional

By End User:

HoReCa
Food Processors
Household (Retail)

By Distribution Channel:

Direct
Indirect
- Hypermarket/ Supermarket
- Food and Drink Specialty Stores
- Convenience Store
- Discount Store
- Online Retail

By Price Range:

Economy
Premium

By Region:

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

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