Market Research Blog – Page 3374 – New Product Development

A2 Ice Cream Market Projected to Reach US$ 360 Million by 2034, Fueled by Growing Demand for Digestive Health-Conscious

Future Market Insights (FMI) thorough analysis of the global market for A2 ice cream shows that it is set to reach a valuation of US$ 180.0 million in 2024. The market is projected to expand at a CAGR of 7.2%, attaining a valuation of US$ 360.0 million by 2034.

Demand for A2 Ice Cream Market

Factors, including rising demand for healthier ice cream, are set to influence the A2 ice cream market. As more individuals become conscious of lactose intolerance, a common condition where they have difficulty digesting lactose, they seek alternatives. Consequently, A2 ice cream is considered a suitable option for individuals with lactose intolerance, thereby driving demand.

Consumers are seeking unique and indulgent flavor experiences, and A2 ice cream manufacturers are responding by offering a wide range of innovative flavors and combinations. This includes exotic fruit flavors, gourmet ingredients, and collaborations with renowned chefs & brands.

Advancements in distribution and delivery play a vital role in shaping the A2 ice cream market, with online ordering and delivery services becoming integral. Consumers can now access a variety of A2 ice cream products more conveniently. Sustainability is another key focus as companies strive to adopt eco-friendly packaging solutions to reduce their environmental impact.

The A2 ice cream market is expected to rise through the forecast period due to increasing consumer demand for healthier and easier-to-digest dairy alternatives. The market is further driven by factors such as rising health consciousness, growing lactose intolerance, and product advancements in the industry.

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“The market is growing as a result of increasing consumer demand for organic goods and rising awareness of animal welfare. The dairy market’s continuous research & development efforts are expected to propel the A2 ice cream market’s growth trajectory and present profitable prospects for industry participants in the forecast period,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.)

Key Takeaways from the Report

The global A2 ice cream market is expected to reach a valuation of US$ 360.0 million in 2034.
The global market is projected to surge at a CAGR of 7.2% over the forecast period.
The United States is projected to attain a market valuation of US$ 138.6 million by 2034.
The chocolate flavor segment is estimated to hold a market share of 38.0% in 2024.
Japan is estimated to rise at a CAGR of 7.0% during the forecast period.

Competitive Landscape

The a2 Milk Company, Braum’s Inc., Alec’s Ice Cream, GoDesi Milk, Re: THINK, and Miller’s Bio Farm are the leading players operating in the market. Companies are improving the quality of their products to access a wider market by pursuing acquisitions and mergers. This is because pooling resources, experience, and clientele can open doors to fresh talent, manufacturing sites, distribution channels, and technology. Key players are introducing new products in the market to remain competitive and adapt to the shifting needs of their clientele.

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Leading Manufacturer of A2 Ice Cream:

The a2 Milk Company
Braum’s Inc.
Alec’s Ice Cream
GoDesi Milk
Re:THINK
Miller’s Bio Farm
UNITED FARMERS CREAMERY
APPLEBY FARMS ICE CREAM
MOO-ville Creamery
THAYUMANAVAR A2 DAIRY FARMS PVT LTD
Amos Miller Organic Farm
Highland Farms
PEI ORGANIC FOODS LLP

For instance,

In 2023, Alec’s Ice Cream extended its distribution reach to more retailers, including Sprouts Farmers Markets and Natural Grocers, giving the company a place in the freezer aisle at more than 1,000 retailers.
In 2020, Re: THINK Ice Cream launched lactose-free ice cream with A2 dairy and collagen, catering to consumers who are averse to dairy but still want the traditional dairy ice cream experience.

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Get More Valuable Insights

Future Market Insights (FMI) brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. The global A2 ice cream market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights into the A2 ice cream market segment based on flavor (vanilla, fruit flavor [strawberry, mango, orange], chocolate, maple, latte), packaging (cups, cones, tubs, and others), distribution channel (hypermarket/supermarket, convenience stores, departmental stores, wholesale stores, specialty health and wellness stores, independent retailers, specialty stores, pharmacies and drugstores and online retailers), and region

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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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Crab Meat Market Set to Reach US$ 1.5 Billion by 2033, Driven by Increasing Seafood Consumption and Growing Awareness of Nutritional Benefits

The global crab meat market is worth US$ 879.2 as of now and expected to reach US$ 1.52 Billion by 2033 at a CAGR of 4.7% between 2023 and 2033.

Versatility in culinary applications is one of the major factors driving crab meat market. Plus, intake of crab meat assures that intake of fats is lower as compared to its counterparts. Specialty and premium crab meat varieties are keeping the cash registers ringing for crab meat market and the scenario is expected to remain unchanged even in the forecast period.

The ready-to-use crab meat products are adding more value to crab meat market as they save on downtime. It has been observed that value-added products do have longer shelf lives; thereby doling out abysmal wastage and bolstering health benefits.

The trending global dishes are also incorporating crab meat to drive more customers. Lump crab meat is witnessing a higher demand as its succulent, white pieces render its desirable for home cooks as well as professionals.

Frozen crab meat is creating ripples as it could be stored for long; that too, while maintaining the freshness. Frozen crab meat could reach even the areas where fresh crabs are unavailable. Quick-freezing methods do aid in preservation of natural flavors, nutrients, and textures of crabs while keeping cells almost intact through formation of ice crystals.

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Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Crab Meat market’. It has its team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“Growing awareness about the fact that crab meat is a rich source of protein apart from being a low-fat source, the global crab meat market is likely to grow irresistibly in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Crab Meat Market

North America holds the largest market share with the US witnessing a growing focus on diet being health-conscious. It is also leading in growing interest in crab meat (a lean protein option) owing to nutritional benefits like low-fat content. It has been reported that crab meat has a discrete, sweet flavor; thereby rendering it a broadly desired ingredient in diverse cuisines. The dishes including crab meat are Maryland-style crab cakes, regional specialties like Louisiana-style combo. It’s a known fact that American cuisine is ethnic. Addition of crab meat is, indeed, a cherry to the icing.
Europe holds the second-largest market share with the UK leading from the front. This could be credited to an ever-increasing demand for crab meat all across the region. Also, coastal regions like Norway, Sweden, Denmark, and likewise are known for incorporation of fresh crabs into local cuisine. Eurogroup for Animals states that consumption of fish and seafood is ~24.35 Kg. Besides, tourists do prefer coastal destinations all across Southern Europe when it’s summer herein.

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Competitive Crab Meat

Handy Seafood, in May 2023, did announce the year’s local soft crab campaign at Crisfield (Maryland).
Shiok Meats, in September 2021, made an entry into the very first lab-grown crab flesh at Kebaya during tasting session.
The other players in crab meat market include Philips Foods Inc., Blue Star Foods Corp., Handy International Inc., Red Chamber Co., Ltd., Trans-Ocean Products Inc., Crown Prince, Inc., Chicken of the Sea International, East Coast Seafood Group, Thai Union Group PCL, Nissui Group, and likewise. They are engaged in various modes of expansion like mergers, acquisitions, new product launch, partnerships, joint ventures, and likewise to strengthen their foothold in crab meat market.

What does the Report say?

The research study is based on product type (lump crab meat, claw crab meat, and backfin crab meat), form (fresh crab meat, pasteurized/canned crab meat, and frozen crab meat), and sales channel (foodservice (HoReCa), and retail (supermarkets, hypermarkets, convenience stores, specialty seafood stores, and online retailers)).
With consumption of seafood on the rise, the global crab meat market is bound to grow irrevocably in the forecast period.

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Crab Meat Market Outlook by Category

By Product Type:

Lump Crab Meat
Claw Crab Meat
Backfin Crab Meat

By Form:

Fresh Crab Meat
Pasteurized/Canned Crab Meat
Frozen Crab Meat

By Sales Channel:

Foodservice (HoReCa)
Retail
- Supermarkets
- Hypermarkets
- Convenience Stores
- Specialty Seafood Stores
- Online Retailers

By Region:

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

Explore FMI’s Extensive Coverage in the Food and Beverages Domain:

Canned Meat Market Outlook: The overall demand for canned meat is slated to grow at a robust CAGR of 6.8% between 2023 and 2033, totaling a valuation of around US$ 25,405.5 million by 2033.

Electric Meat Saw Market Size: The market value is projected to increase from US$ 2,194.9 Mn in 2022 to US$ 3,784.9 Mn by 2032.

Processed Meat Market Share: The global processed meat market is expected to be valued at US$ 349.5 billion in 2023.

Meat Substitutes Market Analysis: Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033.

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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Rosmarinic Acid Market Poised to Reach US$ 309.56 Million by 2033, Driven by Increasing Demand in Food, Beverage, and Pharmaceutical Sectors

According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at US$ 130.0 million in 2023. It is further poised to thrive at a CAGR of 9.1% during the forecast period 2023 to 2033. By 2033, total market size is projected to reach US$ 309.56 million.

The rosmarinic acid market is experiencing lucrative growth globally. This is due to rising applications across diverse sectors.

Rosmarinic acid is a natural polyphenolic compound, found in herbs such as rosemary, basil, and sage. It offers antioxidant properties and several potential health benefits.

The demand for rosmarinic acid in the food & beverages sector is growing rapidly due to its application in food as a natural additive for preservation and flavor enhancement. Similarly, in the pharmaceutical sector, rosmarinic acid is used for treating inflammatory conditions such as arthritis, eczema, psoriasis, gastritis, and colitis.

With increasing consumer interest in natural ingredients with potential health benefits, the rosmarinic acid industry is expected to witness sustained growth across multiple sectors including food, healthcare, and personal care.

Rosmarinic acid’s antioxidant properties make it a choice for skincare formulations. It can help combat oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin also due to its antioxidant and anti-inflammatory properties.

Rosmarinic acid has beneficial effects on conditions such as allergies, inflammation-related diseases, and skin disorders. As a result, it is being widely used in dietary supplements or incorporated into pharmaceutical formulations.

Rosmarinic acid has also shown promising outcomes as a feed additive in promoting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in livestock. Hence, it is being increasingly used in animal feed applications which in turn is set to boost the market.

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Key Takeaways from the Rosmarinic Acid Market Report:

The global rosmarinic acid market is expected to reach a market valuation of US$ 129.2 million by the end of 2033.
By application, food & beverages segment is predicted to reach a valuation of US$ 22.6 million in 2023.
The United States rosmarinic acid industry is projected to attain a valuation of US$ 102.4 million by 2033.
China market is anticipated to reach a valuation of US$ 17.2 million by 2033.
Rosmarinic acid demand in India is estimated to rise at a CAGR of 10.4% during the prediction period.

“The rosmarinic acid industry is witnessing lucrative growth, driven by its versatile applications in food, pharmaceuticals, cosmetics, and agriculture. Increasing consumer demand for natural ingredients and their potential health benefits further contributes to the market’s expansion.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Naturex (part of Givaudan), Kalsec Inc., Nutra Green Biotechnology Co., Ltd., Layn Natural Ingredients Corp., Hunan E.K Herb Co., Ltd, Monteloeder, Kingherbs Limited, Hunan Nutramax Inc., Changsha Vigorous-Tech Co., Ltd., Shaanxi Yi An Biological Technology Co., Ltd, Blue California, and others are the few leading players operating in the market.

Investments in research & development, acquisitions, and mergers are beneficial strategies for companies in terms of improving their product quality and expanding their market reach. This is because combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.

Similarly, launching new products can help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their market share. For instance,

In 2020, Blue California and biotech developer Conagen commercialized Rosavel®, a next-generation natural preservation solution with 98% high-purity rosmarinic acid.

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Get More Valuable Insights

FMI has released an objective assessment of the global rosmarinic acid industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

Rosmarinic Acid Market by Category

By Product Type:

>96% Purity
<=97% Purity

By Form:

Powder
Liquid

By Application:

Food and Beverage
Pharmaceuticals
Nutraceuticals
Cosmetics & Personal Care
Animal Feed

By Region:

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

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Fish Waste Management Market to Reach US$ 7.2 Million by 2033, Driven by Increasing Demand for Sustainable Practices

FMI’s analysis reveals that the global fish waste management market is currently valued at US$ 5,412.0 million in 2023 and is expected to grow significantly, reaching a market valuation of US$ 7,234.0 million by 2033, exhibiting a CAGR of 2.9% during the forecast period. The industry for fish waste management will increase as a result of growing awareness of environmental sustainability, the need to utilize waste resources, and the increasing demand for alternative products and processes in various industries. During the forecast period, demand for fish waste management will also be driven by efficient waste management and circular economy practices

The market is anticipated to grow over the next ten years because of creative promotional strategies used by major fish waste processors while utilization of fish by-products in eco-friendly ways.

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Fish waste processors are using advanced technologies to convert fish waste into renewable energy sources such as biogas and biofuels.

Processors are finding ways to convert waste into valuable products such as oils, collagen, and fishmeal to be used in various industries.

Efficient fish waste management reduces the risk of ecological disruption by preventing waste accumulation in aquatic ecosystems. Treating fish waste correctly helps to safeguard marine and freshwater ecosystems, preserving biodiversity and maintaining the delicate aquatic habitat balance.

Processors of fish waste are partnering with other industries and organizations to improve waste management practices. This involves waste collection contracts with aquaculture farms, collaboration with research institutes to create innovative technology, and involvement with government authorities to ensure waste management regulations are followed.

Key Takeaways from the Fish waste management Report:

The global fish waste management market is anticipated to be worth US$7,234.0 million by 2033.
Global demand for fish waste management is likely to soar at 2.9% CAGR over the forecast period.
Based on the source, the fish segment is anticipated to reach a valuation of US$ 2488.5 million by 2033.
Based on the end-use industry, the fertilizers segment is anticipated to reach a valuation of US$ 1924.2 million by 2033.
The United States fish waste management market is projected to reach a valuation of US$ 1794.03 million by 2033.
During the forecast period, it is expected that the German market will grow in value at a CAGR of 7.2%.

“The fish waste management industry is concentrated on the effective utilization and ethical disposal of fish waste produced by the fishing and processing sectors. It includes multiple strategies that promote sustainability, resource efficiency, and environmental protection, such as recycling, repurposing, and processing fish waste into useful products” – says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Scanbio, SAMPI, Biomax Technologies Pvt. Ltd, Sorbwater, Blue Ocean Technology, Scottish Sea Farms, Vinh Hoan Corporation, Nam Viet, Vietnam Food, and Sancho Pancho are key fish waste management manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

In 2022, Vietnamese pangasius producer Sao Mai Group successfully processed fish fat into high-value products like cooking oil, margarine, and, shortening.
Biomax Technologies Pte Ltd has developed Biomax Rapid Thermophilic Digestion Technology, a process of converting organic waste from fish farms and fish processing plants into fertilizer in 24 hours.

Get More Valuable Insights

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

The study incorporates compelling insights on the fish waste management market based on source (fish surimi, meat surimi), and end use (food industry, pharmaceutical industry, animal Feed, pet food, food service, retail) across various regions.

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Fish waste management Market by Category

By Source:

Fish
Shrimp
Squid

By End-Use Industry:

Fish Meal and Fish Oil Industry
Animal Feed
Pet Food
Organic fertilizers
Energy Generation
Cosmetics
Pharmaceuticals

By Region:

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

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Global Oral Solid Dosage Formulation Industry Poised to Boom at 6.4% CAGR, Reaching US$ 1.0 Billion by 2032

The global oral solid dosage pharmaceutical formulation industry is on track for a stellar performance, with a projected Compound Annual Growth Rate (CAGR) of 6.4% from 2022 to 2032. This translates to a market value reaching a staggering US$ 1.0 billion by 2032, compared to an estimated US$ 555.3 million in 2022.

This significant growth trajectory underscores the increasing importance of oral solid dosage formulations within the pharmaceutical industry. A recent industry survey further emphasizes this point, revealing that the tablets market sector, a key player in the oral solid dosage segment, held a dominant market share exceeding 53.1% in 2021.

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Additionally, findings from a Future Market Insights analysis indicated that oral solid dosage pharmaceutical formulations accounted for 1.4% of the US$ 40.0 billion global pharmaceutical drug delivery market in 2021. The analysis projects an 8.1% increase in sales of solid dosage pharmaceutical formulations between 2012 and 2021, indicating a strong growth trend. The increasing use of these formulations and better patient compliance are responsible for this growth.

The increasing popularity of oral solid doses can be attributed to their emerging role as a cornerstone in the treatment of numerous chronic conditions. Their significant sales have been driven by their affordability and convenient availability in hospital and retail pharmacies around the world

Key Takeaways Of Global Oral Solid Dosage Formulation Industry:

Since several research institutions and organizations are engaged in the drug discovery process, there is a massive amount of oral solid drugs in the process of approval with improved efficacy. Once these products are approved, the manufacturers are expected to be benefitted from generating profitable sales. Therefore, a positive impact due to the surging number of drug pipelines can be witnessed in the oral solid dosage pharmaceutical formulation market during the forecast period.
There is an overall surge witnessed in the demand for oral solid dosage drugs and vaccines for the treatment of various diseases and infections has also increased worldwide. Hence, prominent players in the market are working on developing drug manufacturing capacities of their own in low and medium-economy regions to capitalize on low production costs and availability of cost-effective raw materials.
Various firms practice the primary process of oral solid dosage pharmaceutical formulation. This is because the solid form of the drug is known to be the easiest and simplest way of administering a drug in order to have just the appropriate dose for various acute and chronic infections.
Such dosage forms offer advantages including chemical durability, stable transport, and safe packaging with low production costs. On the basis of region, Asia Pacific is expected to dominate the growth in the oral solid dosage pharmaceutical formulation market.
Tablets and capsules are utilized in pharmaceuticals to efficiently treat several disease conditions. In comparison to other pharmacological forms, these are cost-efficient and easy to manufacture. They offer several advantages such as easy transport and packaging and superior chemical and physical stability. Dominant market players are partnering with small and medium-sized manufacturers to produce low-cost and top-notch generic drugs maintained at a low cost of production in developing nations.

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Competitive Landscape:

In the oral solid dosage pharmaceutical formulation market, dominant market players are adopting strategies such as mergers & acquisitions, and advanced product launches by gaining approvals. They are also collaborating with hospital and retail pharmacies to gain a competitive edge in the market.

Key Companies are AstraZeneca Plc., Bristol-Myers Squibb Company, Eli Lilly and Company, Gilead Sciences, Merck & Co. Inc, Novartis AG, Pfizer Inc., AbbVie Inc., Boehringer Ingelheim GmbH, F. Hoffman-La-Roche Ltd., Johnson & Johnson, Biogen Inc., Bayer AG, Teva Pharmaceuticals, Amgen Inc., Takeda Pharmaceutical Company Ltd., Otsuka Pharmaceutical Co., Ltd., Shire Plc., Celgene Corporation, Astellas Pharma Inc.

More Insights into the Oral Solid Dosage Pharmaceutical Formulation Market:

The U.S. is expected to dominate the North American oral solid dosage pharmaceutical formulation market by accounting for a total market share of about 93.6% in 2021. Demand in the market is anticipated to grow due to the rising number of oral solid drug approvals in the country.

China is the second largest market in the East Asian region, as it accounted for around 51.4% of the total oral solid dosage pharmaceutical formulation market in 2021. Due to efficient drug production, key companies in China are offering medicines at cost-effective prices.

Germany is yet another market leading the European region as it is expected to grow at a CAGR of 6.7% during the forecast period. The growth of the oral solid dosage pharmaceutical formulation market is rising due to the prevalence of chronic diseases and heart diseases in Germany is aiding the demand for oral solid dosage forms.

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Key Global Oral Solid Dosage Formulation Industry Segments:

By Dosage Form:

Tablets
- Conventional/Immediate Release
- Modified Release
- Chewable Tablets
- Effervescent Tablets
Capsules
- Hard Gelatin Capsules
- Soft Gelatin Capsules
- Others
Powders & Granules
Lozenges & Pastilles
Gummies

By Drug Release Mechanism:

Immediate Release
Delayed Release
Controlled Release

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies
Hypermarkets/Supermarkets

By Region:

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

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Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Unveiling Potential: Europium Market Surges Towards US$ 385 Million by 2032 with a CAGR 5.5%

The global europium market is anticipated to create an absolute dollar opportunity over the forecast period by registering a robust CAGR of 5.5% throughout the forecast period from 2022 to 2032. The global market was valued at US$ 225 Million by 2022 to surpass a valuation of US$ 385 Million by the end of 2032. Various technical developments in the field of earth metal nanocrystals are predicted to upsurge the global demand for the europium market across the assessment period.

Europium is known as a rare earth metal that oxidizes readily in the presence of air and water. In addition to that, it is generally present in oxide form and comprises various applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy, and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices.

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The rising demand for flat panel displays and LEDs along with swelling civil infrastructure are some of the major growth drivers for the fueling up of the global europium market. In addition to that, the surge in the espousal of europium for newer end-use applications, and developing economies such as China, India, and others are anticipated to create a plethora of growth opportunities for the global europium market.

Key Takeaways

Europium nano-crystals are actively being used in LEDs as an effective phosphor that efficiently emits a massive range of the spectrum. Furthermore, the significant shift from traditional lighting to solid-state lighting systems in displays is expected to fuel the market for flat panel displays and LEDs. The surging demand for Europium is anticipated to propel simultaneously throughout the assessment period.
Europium non-crystals are actively being utilized throughout the LEDs market as a phosphor that emits a wide range of the spectrum. The shift from traditional lighting to solid-state lighting systems in displays is expected to fuel the market for flat-panel displays and LEDs. Thereby, the demand for Europium is expected to grow simultaneously throughout the forecast period.
The rapidly-growing consumer electronics industry across the globe, due to factors such as enhanced internet connectivity, technological advancements, and growing consumer expenditure on premium electronics, is likely to have significant impacts on the overall industry growth.
Some of the factors expected to hamper the growth of the global europium market comprise supply issues and lack of refining. Furthermore, alloying and fabricating technologies are also some other restraining factors.
Attributing to several factors such as limited supply, lack of refining, alloying, fabricating technologies, and ongoing recession in the rare earth industry, the stock price has been extremely unpredictable. Europium production is principally dependent on the production of other earth elements since they exist along with those metals. This trend has a direct trend on the price of the product.
The rapidly growing demand for smartphones, wearables, gears, and smart televisions in developing economies worldwide is likely to propel the consumer electronics industry, which, in turn, is anticipated to benefit the demand for the product over the forecast years.

Competitive Landscape

Some of the key participants present in the global europium market are focusing on research and development to get an edge over the global market.

More Insights into the Europium Market

Growing demand for flat panel displays and LEDs in the Asia Pacific market is expected to drive the market. Asia Pacific region was the largest consumer of europium and its derivative products.

China contributes the highest to the consumption of this metal owing to its increasing population, improved living standards, and disposable income. Growing demand from Japan, Korea, and China for consumer electronics is fueling the market in this region. China is the largest manufacturer of europium and its derivatives.

However, export restrictions and increasing local demand have been causing supply issues. The Asia Pacific is followed by North America owing to demand from LEDs and consumer electronics industries. Decreased exports from China caused the development of new exploration and production sites in this region to fulfill the demand.

Europium is used in manufacturing superconducting materials. With the discovery of high-temperature superconductors (HTS) in the late eighties, the vision of using these materials in effective and advanced technological applications became very prominent in the European region.

Europe was the largest region in the superconductors market in 2020. Owing to the increasing demand for energy in the region, the demand for europium is rising rapidly. Researchers are working incessantly to increase the efficiency and potency of energy appliances like wind turbines, thereby adding more value to the sales revenue of the europium market.

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Key Companies Profiled

Avalon Rare Metals Inc.
Molycorp
Lynas
Minmetals Corporation
Baotou Steel Rare-Earth
Xiamen Tungsten
Great Western Minerals Group Ltd.

Key Segments Covered in the Europium Market Research Report

By Application:

Permanent Magnets
Catalysts
Glass Polishing
Phosphors
Ceramics
Metal Alloys
Glass Additives
Others

By End Use:

Consumer Electronics
Lighting
Semiconductors
Automotive
Healthcare
Nuclear Labs
Metallurgy
Anti-Counterfeiting
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
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 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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Wine Cooler Market: Likely to Advance at a CAGR of 6% by 2033 – Exploring Growth Opportunities in the Industry

The wine cooler market is projected to achieve a value of US$ 2,790.1 million by 2023, with sales expected to rise to US$ 4,996.6 million by 2033. Over the period from 2023 to 2033, the adoption of wine coolers is anticipated to progress at a Compound Annual Growth Rate (CAGR) of 6%.

Wine Collecting as an Investment: The emerging trend of using wine collecting as a form of investment is driving the demand for advanced wine coolers. Enthusiasts seek units that provide optimal storage conditions to protect and enhance the value of their curated collections over time.
Integration of Data-Driven Technology: The infusion of data-driven technology into wine coolers is a significant driver of market growth. Smart wine coolers equipped with sensors, real-time monitoring capabilities, and AI algorithms ensure precise temperature and humidity control, thereby preserving the integrity of wines. Additionally, these smart features provide connoisseurs with valuable insights into their collections.
Demand for Modern Living Spaces: The growing trend of seamless home entertainment and emphasis on interior aesthetics is fueling the demand for wine coolers that complement contemporary living spaces. Consumers seek sleek and stylish designs that seamlessly integrate into their home decor, enhancing both functionality and aesthetics.

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Key Takeaways of Wine Cooler Market Study

Food & beverages industry continues to generate substantial demand for wine coolers, with hospitality closing in.
Europe and North America collectively occupy approximately 66% of revenue share.
Consumers in developing countries will account for greater consumption of wine coolers through 2029.
Eco-friendly products will gain traction through the forecast period owing to increased government incentives and consumer preferences.

Heightened Per Capita Consumption of Wine Sustaining Growth of Wine Cooler Market

Rising per capita consumption of wine amongst millennials is driving the growth of wine cooler market. Burgeoning hospitality industry in developing countries is soaring the demand for wine coolers.

Greater predilection of consumers towards enhanced product visibility and easy maneuverability is a significant growth contributor. Rising inclination towards energy-efficient wine coolers is fuelling the market growth. However, sales of new commercial wine coolers are restricted by demand for pre-used Wine Freeze. Most wine coolers are not equipped with door storage or adjustable shelves thereby limiting its functionality.

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Key Players Are:

Allavino Company
Climadiff
AGA Marvel
LG Electronics Inc.
General Electric Company
Robert Bosch GmbH
Siemens AG
Viking Range LLC
Haier Group Corporation

Innovation and Strategic Collaboration to Remain Pivotal for Industry Leaders

Global wine cooler market is a fragmented landscape. FMI’s comprehensive study on wine cooler market features prominent market players including, but are not limiting to, Robert Bosch GmbH, Siemens AG, Viking Range, LLC, and Haier Group Corporation. Market leaders have escalated R&D activities to launch innovative wine coolers for stronger market foothold.

Wine coolers equipped with features such as multiple temperature zones, touchscreen panels, customized control settings for humidity and temperature have already infiltrated the market. Moreover, leading players continue to opt for strategic collaborations to foster their market presence.

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Wine Cooler Market: Segmentation
The global wine cooler market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Installation

Built-in
Countertop
Freestanding

End-use Industry

Commercial
Residential

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

South America Residential Water Treatment Equipment Market: Expected to Register a CAGR of 9.2% by 2026 – Exploring Growth Opportunities in the Region

By the end of 2016, the residential water treatment equipment market in South America was valued at over US$ 330 million. It is projected to experience a Compound Annual Growth Rate (CAGR) of 9.2% between 2016 and 2026.

In terms of revenue, Brazil leads among all South American countries, followed by Argentina and Venezuela. Brazil is expected to exhibit a notable CAGR of 8.7% during the assessment period, driven by the rapid urbanization happening in the country.

The driving factors of the residential water treatment equipment market include increasing awareness about pollution to environment, devastating consequences of hard water consumption, concerns related to diseases caused by contaminated waters and so on rising demand for smart purifiers via online sources as well as need more additional POE or POU treatments in order collect treated recycled wastes.

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However, increasing investments in energy-efficient and advanced water treatment technologies smart metering and data analysis, providing product certification for specific products number of government – private partnerships recent technological innovations to the process.

On the other hand, lack of awareness among consumers, cost of equipment, installation, and periodic services, and aging infrastructure are a few obstructions hindering the prosperity of the market.

The analysts of the report have detected that Brazil is the most lucrative country for the vendors operating in the South America residential water treatment equipment market, projecting the demand from the 200-plus million strong nation to increment at a CAGR of 8.7%, producing a revenue of more than US$475 mn by 2026.

In 2015, volume-wise, the Brazil residential water treatment equipment market produced a demand for 345 thousand units, and the FMI report has estimated the number to escalate up to 875 thousand units by 2026, gaining traction from growing awareness regarding the need and availability of products among the urban consumers. Most of the sales are being report from online portals and retail stores, while direct marketing methods are not generating enough leads.

The Brazil residential water treatment equipment market is driven by favorable government policies to counter radically escalating water contamination concerns in the states of Rio de Janeiro, Espírito Santo, São Paulo, and Minas Gerais. These states have had tremendous industrialization in the recent past, which is leading to greater demand for water purifiers.

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The competitive landscape of the South America residential water treatment equipment market is split wide open for product differentiation. There is a strong need for the introduction of new and innovative products in the regional market and the players are now increasing concentrating on UV and gravity or media based purifiers, as these products meet the aesthetics norms.

Some of the prominent companies in the South America residential water treatment equipment market, such as LG, Forbes Lux Group, Philips, and Panasonic are innovating and promoting UV purifiers and are expected to maintain their stronghold throughout the forecast period.

Based on equipment, the FMI report segments the South America residential water treatment equipment market into osmosis equipment, UV equipment, gravity or media equipment, faucet filter, and other filters.

Segmentation of Residential Water Treatment Equipment Market in South America

According to the taxonomy provided in the report, the residential water treatment equipment market in South America has three major segments includes, filtration devices, purification devices and regions.

On the basis of filtration devices, the market has faucet filters and others sub-segments. The other sub-segment includes filter water bottle, solar ball and water pitcher. Purification devices segments comprises of three segments, such as reverse osmosis, ultra violet and gravity media. Based on geography, the residential water treatment equipment market in South America has expanded among six major countries, namely, Argentina, Peru, Chile, Brazil, Venezuela and rest of South Africa.

Author

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

Bundling Machine Market is Expected to Reach at a USD 5,721.3 Million by 2034 | FMI

In 2024, the global bundling machine market is estimated to be worth USD 4,095 million and is expected to reach USD 5,721.3 million by 2034. The industry’s sales revenue is projected to grow at a compound annual growth rate (CAGR) of 3.4% over the forecast period. In 2023, bundling machines generated USD 3,979.5 million in revenue. Furthermore, the industry is expected to experience a year-on-year (Y-o-Y) growth of 2.5% in 2024.

Bundling machines, as the name suggests, are used to package a broad spectrum of products in a single wrap. Several kinds of bundles are being used in such machines like stretch films, shrink films, and films made out of blown or cast films.

The films mentioned above could be mono layer or multi-layer films, which are generally used as per strength or barrier needed in a specific packaging process. With OEE (Overall Equipment Effectiveness) technique being incorporated, the bundling machine market is slated to get augmented in the years to come.

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Lean packaging operation does facilitate machinery’s standardization. It makes available a line of advantages like ease of troubleshooting and maintenance. The e-Commerce sector is expanding with higher demand for packaged foodstuff and beverages.

The end-users of bundling machines include plies, containers, corrugated boxes, cartons, and various other packages. With CQ (convenience quotient) taking the front seat, the global bundling machine market is likely to grow on a good note in the forecast period. The machines prove to be cost-effective due to bulk product storage. Growing usage of such machines for the purpose of wrapping, especially by manufacturers prioritizing functionality of packaging over appearance, is expected to take the bundling machine market by storm in the near future.

At the same time, growing inclination toward strapping machines is likely to lessen the demand for bundling machines around the world in the near future. They are expected to be used at a large scale for load security, handling aids, closing, and bundling applications.

Besides, in countries like India and Argentina, importing packaging machinery could be difficult due to taxes being imposed through custom duty. This, along with machines’ higher cost, could restrain the bundling machines market in the near future as SMEs may think twice before buying these machines.

Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Bundling Machine Market’. It has its dedicated team of analysts and consultants to execute through 360-degree view across macros and micros.

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“With governments all across doling out conducive policies concerned with upgradation of equipment and energy savings, the global bundling machine market is likely to grow on a stupendous note in the years to come”, says an analyst from Future Market Insights.

Key Takeaways from Bundling Machine Market

North America holds a sizable market share due to the US being subject to higher demand for bundling machines in food & beverage vertical. Plus, the consumers are shifting toward organic and functional beverages for driving the market herein. This retail network’s expansion is a vital factor accelerating the bundling machine market.
The Asia-Pacific is expected to grow at a remarkable rate in the bundling machine market in the forecast period with pharmaceutical and personal care sectors expanding at a notable rate. Additionally, ready-to-eat meals are in greater demand in countries like India and China.

Competitive Arena

American Packaging Machinery does custom design as well as produce 100% automatic shrink bundling machinery and shrink wrapping machinery. The good part is that the equipment is custom-designed as per application.
The Arpac Group’s offerings are inclusive of side-seal horizontal wrappers along with the bottom overlap horizontal wrappers accepting diverse product lengths and sizes at 120/min.
Felins do create various consumable materials and packaging machines to enable plastic banding, paper binding, shrink wrapping, strapping equipment, automated rubber banding, adhesive-free labeling, automated paperboard sleeving, and stretch film banding equipment.

What does the Report Cover?

The research study is based on substrate material (polyethylene, PLA, PET, and PP), by technology (custom, continuous motion, and intermittent motion), and by end-use (consumer goods, food & beverage, cosmetics & personal care, building and construction, and pharmaceuticals).
With automation techniques flourishing, the bundling machines market is slated to witness persistence in the upcoming period.

Key Segments Profiled in the Bundling Machine Industry Survey

By Substrate Material:

Polyethylene
PLA
PET
PP

By Technology:

Custom
Continuous Motion
Intermittent Motion

By End Use:

Consumer Goods
Food and Beverage
Cosmetics and Personal Care
Building and Construction
Pharmaceuticals

By Region:

North America
Latin America
Western Europe
Easter Europe
APEJ
Japan
Middle East & Africa

About Future Market Insights Inc. (FMI)

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Nandini Singh Sawlani

Pressurized Wine Filter System Market Anticipated to Surpass US$ 1,727.2 Million by 2033

Pressurized wine filter systems represent an innovative approach to wine filtration, offering a revolutionary method for processing wine. These systems utilize a distinctive pressurized filtration process, effectively removing sediment and impurities from the wine while preserving its flavor and aroma.

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Current Scenario:

In modern wineries, pressurized environments are used extensively during the bottling process to minimize oxygen exposure to the wine. This helps to:

Preserve Wine Quality: Oxygen exposure can lead to oxidation, which deteriorates the taste and aroma of wine. Pressurized bottling minimizes this risk.
Maintain Consistency: Consistent pressure ensures a uniform fill level across all bottles, improving presentation and reducing waste.
Enhance Efficiency: Modern bottling lines are highly automated and operate under pressure, enabling faster throughput.

Growth Factors:

The Pressurized Wine Filter System Market is experiencing growth driven by several factors:

Rising Demand for Premium Wines: Consumers are increasingly opting for premium wines, where quality preservation is paramount. Pressurized bottling caters to this demand.
Growth of Boutique Wineries: Smaller wineries are investing in more sophisticated bottling equipment, including pressurized systems, to compete effectively.
Focus on Automation: Wineries are embracing automation to streamline operations and improve efficiency. Pressurized bottling lines often integrate seamlessly with automated systems.
Sustainability Concerns: Minimizing oxygen exposure can extend a wine’s shelf life, potentially reducing waste. Additionally, advancements in energy-efficient pressurized bottling systems are gaining traction.

Future Scope:

The future of pressurized wine bottling systems is expected to be shaped by several trends:

Advanced Pressure Control Systems: Precise pressure control throughout the bottling process will further enhance wine quality and consistency.
Integration with Smart Technologies: Integration with sensors and data monitoring systems can allow for real-time pressure control and optimization.
Focus on Sustainable Materials: Development of eco-friendly materials for use in pressurized bottling equipment will be a growing priority.
Water Optimization: Advancements in water-usage reduction technologies during the bottle cleaning and pressurization process will be crucial for water conservation efforts.