Market Research Blog – Page 3397 – New Product Development

Cardiac Rehabilitation Market Poised for Robust Growth at 6.0% CAGR, Reaching US$ 3.8 Billion by 2032

The global cardiac rehabilitation market is on track for significant expansion, with a projected surge from its current value of US$ 2.1 billion to an estimated US$ 3.8 billion by 2032. This translates to a steady growth trajectory at a Compound Annual Growth Rate (CAGR) of 6.0% between 2022 and 2032.

This growth signifies a substantial opportunity for advancements in cardiac care. While the previous growth period (2015-2021) saw a slightly higher CAGR of 6.5%, the upcoming years are expected to solidify the role of cardiac rehabilitation solutions on a global scale.

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Rising Demand for Comprehensive Cardiac Care:

The market’s growth is fueled by the growing recognition of the importance of comprehensive care for heart patients. Cardiac rehabilitation, often called cardiac rehab, provides a structured program that combines medical supervision, exercise training, and lifestyle education. This holistic approach is designed to improve the cardiovascular health of individuals who have experienced heart attacks, undergone heart surgery, or been diagnosed with heart failure or angina.

Key Drivers of Market Expansion:

Rising Prevalence of Cardiovascular Diseases: As lifestyles become more sedentary, diets less healthy, and stress levels rise, heart-related ailments are becoming a major concern globally. This is driving investment in cardiac rehab programs to improve patient outcomes and reduce the economic burden of managing heart disease.
Technological Advancements: Telemedicine and digital health solutions are making it easier for patients to access cardiac rehab services remotely, leading to better adherence to treatment plans and increased engagement. Wearable devices and mobile apps are also playing a role in monitoring vital signs and tracking patient progress during rehabilitation.
Growing Awareness of Benefits: Both patients and healthcare providers are increasingly recognizing the benefits of cardiac rehabilitation. Cardiac rehab has been demonstrably successful in reducing the risk of future heart events, improving patients’ quality of life, and enhancing overall well-being. This growing awareness is leading to increased patient participation and integration of these programs into standard cardiovascular care strategies.

The cardiac rehabilitation market is poised for significant growth, driven by the rising need for comprehensive cardiac care, technological advancements, and growing awareness of the program’s benefits. This growth presents a promising opportunity to develop innovative solutions and improve the overall well-being of cardiac patients worldwide.

Key components of the cardiac rehabilitation market include:

Rehabilitation Programs: These programs are typically offered in hospitals, clinics, or specialized rehabilitation centers. They are designed to help patients recover from cardiac events or surgeries, manage risk factors, and improve their heart health.
Exercise and Physical Therapy: Cardiac rehabilitation often includes supervised exercise programs tailored to individual patients’ needs and abilities. These programs help patients build strength, improve endurance, and reduce the risk of future cardiac events.
Diet and Nutrition Counseling: Diet plays a crucial role in heart health. Cardiac rehabilitation programs often provide nutritional counseling to help patients make healthier food choices and manage their weight.
Lifestyle Counseling: Education and counseling on lifestyle changes, such as smoking cessation, stress management, and medication management, are important components of cardiac rehabilitation.
Monitoring and Assessment: Continuous monitoring of patients’ progress and assessing their cardiovascular health are essential aspects of cardiac rehabilitation programs. This includes regular check-ups, EKGs, and other diagnostic tests.
Medical Devices and Equipment: The market may also include the sale of medical devices and equipment used in cardiac rehabilitation, such as exercise machines, heart rate monitors, and blood pressure monitors.
Telemedicine and Remote Monitoring: With advancements in technology, telemedicine and remote monitoring have become increasingly important in cardiac rehabilitation, allowing patients to receive care and guidance from the comfort of their homes.
Pharmaceuticals: Some pharmaceutical companies may be involved in the development and sale of drugs related to cardiac health and rehabilitation.

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Recent Developments in the Cardiac Rehabilitation Market?

GE healthcare has introduced its cardiac rehabilitation systems that work on different levels of the whole rehabilitation processes, enhancing the patient experience.
Core health & fitness has launched its cardiac rehabilitations including cardio, treadmills, ellipticals, indoor cycling and trail hiker, pushing the sales of cardiac rehabilitation systems.

Key Players:

Honeywell International Inc
BioTelemetry Inc
Omron Corporation
Core Health & Fitness LLC
GE Healthcare

Key Segments:

By Product Type:

Ellipticals
Stabilization Ball
Stationary Ball
Treadmill
Heart Rate Monitor
Blood Pressure Monitor
Rovers

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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Vegan Supplements Market Set to Reach US$ 4.83 Billion by 2022 with 11.3% CAGR, Fueled by Rising Demand for Plant-Based Alternatives

The global vegan supplements market is expected to develop at a CAGR of 11.3% from 2022-2032. It is anticipated to reach a valuation of approximately US$ 14,089.6 Mn by the end of 2032.

The market for vegan supplements is expected to grow at a fast pace from 2022 to 2032 as a result of rising concerns regarding animal health and protection on one side, and rising veganism on the other side. A strict vegetarian diet that forgoes all animal products, including milk, eggs, and meat, is known as a vegan diet. The global acceptance of vegan supplements, which have a high nutritional content, is a consequence of the beverages and food industry’s ongoing transformation.

Vitamins for vegetable lovers are nowadays much more necessary than ever. Consumers’ rising levels of healthy lifestyle consciousness and the rapidly expanding vegetarian population continue to be key drivers. It is founded on component labeling and the promotion of contributions that are high in energy.

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Key Takeaways from the Vegan Supplements Market Study

Approximately 40% of consumers in the U.S. bought vegan products because they believe these products are nutritious.
By form, the powder segment is expected to remain at the forefront by generating the largest vegan supplements market share.
Nearly 75% of German households would want to see more vegetarian goods at supermarkets.
Europe is estimated to drive demand in the vegan supplements market during the forecast period of 2022 to 2032.
The vegan supplements market is expected to reach nearly US$ 4,803.6 Mn by 2022.

“Rising adoption of preventive healthcare practices and increasing prevalence of vitamin deficiencies are expected to bode well for the global vegan supplements market. Manufacturers and retailers are beginning to provide free access to “wellness tools” that would create a user-specific antioxidants list based on their specific requirements and conditions,” says a Future Market Insights analyst.

Competitive Landscape: Vegan Supplements Market

Some of the key players are General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc. , Blue Diamond Growers Inc, ALOHA, NuGo Nutrition, One Brands, BHU Foods , G&G Foods, Country Life LLC, Wonder Laboratories, Now Health Group Inc., Jarrow Formulas, Kerry Group PLC, Nutritional Growth Solution, and others.

The global vegan supplements industry is moderately competitive and fragmented, with several mid and small-scale businesses. Key players operating in the global market are focusing on continuous product launches and new product developments to stay ahead in competition.

Explore More Valuable Insights on the Vegan Supplements Market

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

The study offers compelling insights based on the form (powder, liquid, capsules & soft gels, tablets, pills, gummies, and bars), based on ingredients (vitamins & minerals, amino acids & proteins, herbal & botanical ingredients, and others), based on health needs (weight loss, sports nutrition, general well-being, immune & digestive health, bone & joint health, heart health, and other specific requirements), based on customer orientation (men, women, senior citizen, and others), and based on sales channel (hypermarkets/supermarkets, pharmacies & drug stores, convenience stores, departmental stores, online retail stores and other sales channel), across seven major regions of the world.

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Vegan Supplements Market Outlook by Category

By Form:

Powder
Liquid
Capsules & Soft Gels
Tablet
Pills
Gummies
Bars

By Ingredients:

Vitamins & Minerals
Amino Acids & Proteins
Herbals & Botanicals
Others

By Health Needs:

Weight Loss
Sports Nutrition
General Well-being
Immune & Digestive Health
Bone & Joint Health
Heart Health
Other Specific Requirements

By Customer Orientation:

Men
Women
Senior Citizen
Others (Kids & Toddlers)

By Sales Channel:

Hypermarkets/Supermarkets
Pharmacies & Drug Stores
Convenience Stores
Departmental Stores
Online Retail Stores
Other Sales Channel

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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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Food Emulsifiers Market Projected to Reach US$ 5.95 Billion by 2033 with 5.3% CAGR | FMI Analysis

The food emulsifiers market is projected to see a constant annual increase of 5.3%, pushing its total revenue to US$ 5,954.4 million by 2033. This indicates a big rise from its 2023 value of US$ 3,635.8 million.

Food emulsifiers are used in many types of food products like – ice cream, mayonnaise, and chocolate. Also, food emulsifiers are used in the personal care sector, such as shampoo and lotion.

Market Opportunities

Food emulsifiers have great market opportunities as they flourish with a great CAGR. Customers now want processed foods as it helps flavor that food and processed food mostly comprises food emulsifiers. The e-commerce market is also growing rapidly, creating opportunities for the food emulsifiers market.

Manufacturers are making new emulsifiers, which are highly demanded in this market; with this, customers are getting better taste and flavor.

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Key Takeaways

The global food emulsifiers industry demonstrated steady growth, with a compound annual growth rate (CAGR) of 5.3% from 2023 to 2033.
By 2033, the food emulsifiers market is projected to achieve a US $5,954.4 million valuation, highlighting its substantial growth potential.

In 2022, the United States emerged as the dominant market leader in the food emulsifiers industry, commanding a significant market share of 23.8%.
Germany experienced a remarkable expansion in the food emulsifiers market in 2022, securing a noteworthy market share of 8.8%.
India witnessed substantial growth in the food emulsifiers market in 2022, capturing a market share of 6.1%.
Japan emerged as a formidable player in the food emulsifiers market in 2022, achieving a notable market share of 4.3%.

Competitors Winning Strategies
Competitors in the food emulsifiers market are applying many types of strategies in order to succeed in the food emulsifiers market. They are innovating new emulsifiers, which are more demanding for their customers and the manufacturers. They are expanding their network and want to expand all over the world. From this, they may get more customers, and also they may get more sales.

They are making great bonding with customers, which helps customers as well as the company to serve better. With this, they also get feedback on the product.

ADM, Cargill, Corbion, DuPont, & Ingredion are some of the leading competitors in the food emulsifiers market.

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Recent Developments:

Ingredion: The company recently introduced a new lubricant based on chickpea soup. This emulsifier has been reported to be an environmentally friendly option to standard emulsifiers.
Cargill: The company has increased the capacity for manufacturing for its mixer, PowerBake 6000. This stabilizer is meant to enhance baked goods’ structure and flavor.

DuPont: The company recently introduced an innovative emulsifier line named Clean Label Solutions. These emulsifiers are claimed to be without fake colors, tastes, and chemicals.
Kerry Group: The company has created a new surfactant derived from sunflower oil. This emulsifier has been considered to be a better option than standard emulsifiers.
ADM: The business has released a new emulsifier range named SimplyPure. These emulsifiers are believed to be simple to use.

Key Segments in the Food Emulsifiers Market

By Source:

Plant-derived
Animal-derived

By Product Type:

Lecithin
Derivatives of Mono, Di-glycerides
Sorbitan Esters
Polyglycerol Esters
Stearoyl Lactylates
Others

By Application:

Bakeries
Confectionaries
Dairy Products
Functional Foods
Salads and Sauces
Infant Formula
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Author by:

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

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

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Aluminum Chloride Market Expected to Reach US$ 1,419.7 Million by 2033 with a 4.6% CAGR

The aluminum chloride market is forecast to expand at 4.6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 905.5 million in 2023.

The chemical market is expected to observe steady growth over the forecast period. The diversified applications of aluminum chloride are primarily propelling the market forward.

Aluminum chloride is used in wastewater treatment systems, where its application as a sludge dewatering agent has propelled its demand. The use of affordably-priced chloride coagulants in domestic wastewater treatment is propelling its popularity in the global market. Ongoing research on applying aluminum chloride as a coagulant in emerging economies is also pushing the demand for aluminum chloride.

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The aluminum chloride industry is opening up new opportunities for manufacturers as the cosmetics and chemical processing sectors flourish.

From a regional viewpoint, developed continents are the matured markets or on the verge of maturity. The United States is also expected to maintain its leading position on a global scale over the forecast period. The market growth is attributed to the well-established pharmaceutical industries and substantial government expenditure on healthcare. As per past statistics, the health care expenditure appreciated by 4.6% in the United States in the year 2018, thus reaching US$ 3.6 trillion.

Developing economies within the Asia Pacific, like India and China, are projected to consume aluminum chloride at a rapid pace. The robust speed of industrialization is propelling the manufacturing of aluminum chloride for a variety of applications. Construction activities are also gaining momentum in the region as purchasing power, and living standards are appreciating, thus boosting the application of aluminum chloride for paints and dyes.

Top Highlights from the FMI’s Analysis of the Aluminum Chloride Market:

The United States aluminum chloride industry is expected to gain a mighty share of 23.7% over the forecast period.
In 2023, the German aluminum chloride industry is projected to acquire 12.6% in 2023.
The Japan aluminum chloride industry is anticipated to procure a value share of 2.7% in 2023.
The Australian aluminum chloride industry is expected to attain 0.4% in 2023.
The China aluminum chloride industry is projected to expand at a CAGR of 3.4% over the upcoming period.
The India aluminum chloride industry is projected to register a CAGR of 4.1% over the evaluated period.
The United Kingdom aluminum chloride industry is anticipated to record a CAGR of 2.8% during the assessment period.
Under the production method category, the chlorination of aluminum segment is projected to gain a 17.8% market share in 2023.
Based on application, waste water treatment is projected to acquire a 30.3% market share in 2023.

A Closer Look into the Aluminum Chloride Industry

Key companies are expanding their product offerings and opening business units in new geographies to acquire more customers. In tandem with this, the top manufacturers are establishing their foothold in new territories by partnering with local distributors for a robust supply chain. Other enterprise strategies the companies execute include mergers & acquisitions, joint ventures, and strategic alliances.

Firms are also investing their funds in research activities to discover new aluminum chloride applications. The expansion of product applications is projected to generate more demand for aluminum chloride in the market.

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Key Companies Profiled

GFS Chemicals
Gulbrandsen
Cellmark AB
Skyhawk Chemicals
Southern Ionics
Tokyo Kasei Kogyo Co. Ltd.
Kemira Kemi AB
GEO Specialty Chemicals Inc.
Noah Technologies Corporation
Ruigeng Chemical

Key Segments Profiled in the Aluminum Chloride Industry Survey

By Production Method:

Chlorination of Aluminum
Crystallization of Anhydrous Aluminum Chloride from Solution of HCL
Reaction of Bauxite with Coke and Chlorine

By Application:

Waste water treatment
Inks
Synthetic rubber
Lubricants
Wood Preservatives
Other Applications

By End-use Industries:

Chemicals
Pharmaceuticals
Agro Chemicals
Metal Production
Pulp & Paper
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Veterinary Orthopedics Market Poised for Explosive Growth CAGR of 9.4% by 2032

The global veterinary orthopedics market is experiencing a significant upswing, the market is projected to reach US$ 618.2 Million by 2022, with projections indicating a valuation of US$ 1.5 billion by 2032. This impressive growth trajectory is fueled by a rising demand for advanced veterinary healthcare solutions worldwide.

Surge in Demand for Advanced Veterinary Care:

A recent market analysis reveals a remarkable compound annual growth rate (CAGR) of approximately 9.4% anticipated for the veterinary orthopedics market between 2022 and 2032. This growth is attributed to several key factors, including:

Increased Focus on Animal Welfare: Pet owners are placing greater emphasis on their companions’ well-being, driving demand for sophisticated veterinary treatments.
Technological Advancements: Breakthroughs in veterinary orthopedic procedures, the integration of regenerative medicine, and advancements in diagnostic tools are propelling the market forward.
Growing Prevalence of Orthopedic Conditions in Animals: Factors like obesity and participation in pet sports can contribute to a rise in orthopedic issues among animals.

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Commitment to Better Animal Care:

“The expanding Veterinary Orthopedics market reflects not only the evolving veterinary landscape but also a commitment to ensuring a better quality of life for animals,” says a spokesperson from Future Market Insights. This sentiment underscores the growing awareness surrounding animal healthcare and the increasing adoption of pets.

Additional Growth Drivers:

Other key drivers influencing market growth include:

A surge in pet insurance coverage, making specialized treatments more accessible.
Strategic collaborations within the veterinary industry.
An unwavering emphasis on delivering effective and compassionate care to animals.

The dynamic nature of the Veterinary Orthopedics market, fueled by innovation and a dedication to animal well-being, paints an optimistic picture for the future of animal healthcare.

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Key Companies Profiled:

B. Braun Melsungen AG
Veterinary Orthopedic Implants
Kyon AG
STERIS
Integra LifeSciences Corporation
Ortho Max Manufacturing Company Pvt. Ltd.
BioMedtrix, LLC
Surgical Holdings Veterinary
GerVetUSA

Market Segments Covered In Veterinary Orthopedics Industry Analysis:

By Product Type:

Instrument
Implants

By Application:

Total Knee Replacement
Total Hip Replacement
Total Elbow Replacement
Trauma Fixation
TPLO
TTA
Lateral Fixation
Other Applications

By End-Use:

Hospitals & Clinics
Other End-uses

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Pharmaceutical Lactose Market to Reach US$ 392.3 Million by 2033 with 5.8% CAGR, Driven by Widening Applications Across Pharmaceutical Sector

According to Future Market Insights’ latest analysis, the global pharmaceutical lactose market size is expected to reach US$ 222.6 million in 2023 and further expand at 5.8% CAGR throughout the forecast period (2023 to 2033). Overall sales of pharmaceutical lactose are projected to total a valuation of US$ 392.3 million in 2033.

Rising application of lactose as an ideal excipient across thriving pharmaceutical sector is a prominent factor driving the global market forward. Similarly, increasing prevalence of chronic diseases, development of new medicines, and increased investment in research & development are expected to facilitate expansion of the worldwide pharmaceutical lactose industry.

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Over the years, lactose has become one of the most commonly used excipients in the pharmaceutical sector for producing a wide range of solid dosage forms. It finds application as a binder, carrier, or diluent and helps pharmaceutical companies to produce tablets of sufficient hardness.

Rising production and consumption of solid dosage forms such as capsules and tablets is expected to boost pharmaceutical lactose demand during the forecast period. Subsequently, growing demand for dry powder inhalation products will create growth opportunities for pharmaceutical lactose manufacturers.

Various forms of lactose i.e., α-lactose monohydrate, β-lactose, amorphous lactose, and spray dried lactose are being employed for manufacturing drugs.

Increasing healthcare awareness, especially across developing regions, growing popularity of preventive healthcare, and rising healthcare spending are expected to further expand the pharmaceutical lactose market size over the next ten years.

Key Takeaways from the Pharmaceutical Lactose Market Study:

Pharmaceutical lactose market is projected to surge at a CAGR of about 5.8% over the next ten years in Mexico.
By product type, α-lactose monohydrate segment will continue to lead the global pharmaceutical lactose market during the forecast period.
The United Kingdom pharmaceutical lactose market is anticipated to exceed a valuation of US$ 184.8 million by 2033.
The USA is anticipated to hold around 78.3% share of North America pharmaceutical lactose market in 2023.
Mexico is poised to hold around 5.3% of the global pharmaceutical lactose market by 2033.

Who is Winning?

DFE Pharma, Ba’emek Advanced Technologies Ltd (Tnuva Group), Avantor, Inc., Alpavit Käserei Champignon Hofmeister GmbH & Co. KG, Lactose (India) Limited, Hoogwegt Groep B.V., Hilmar Ingredients, Armor Pharma, Merck KgaA, Kerry plc, Milei GmbH, BASF SE, MEGGLE Excipients & Technology are few of the leading companies present in the global pharmaceutical lactose market.

Key pharmaceutical lactose companies are focusing on partnerships and joint ventures to expand their product portfolio and strengthen their supply chain.

Get Valuable Insights into Pharmaceutical Lactose Market

Future Market Insights, in its new offering, provides an unbiased analysis of the pharmaceutical lactose market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand based on product type (β-Lactose, α-Lactose monohydrate, Amorphous lactose, Spray dried lactose) and region.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations- the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Pharmaceutical Lactose Market by Category

Product Type:

β-lactose
α-Lactose monohydrate
Amorphous Lactose
Spray Dried Lactose

Region:

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

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Exploring the Growth Trajectory: Sleeping Bags Market Forecasted to Expand with an Anticipated Compound Annual Growth Rate (CAGR) of 6.3% by 2032

In 2021, the global sleeping bags market was valued at US$ 1,545 million. It is expected to show a Year-over-Year (Y-o-Y) growth of 7.1% in 2022, reaching US$ 1,655 million. By 2032, the market is projected to reach a valuation of US$ 3,050 million, with an anticipated Compound Annual Growth Rate (CAGR) of 6.3%.

People need more sleeping bags because they are doing things outside like hiking, mountain walking and camping. This is why sales for them have increased rapidly.

The more people who like adventure, the higher demand will be for sleeping bags. Fun activities not only make you closer to nature but also give a cheap and low-cost holiday. This makes many people enjoy doing these things too, so more sleeping bags are sold in the market for them to use.

Packing bags for camp trips need sleeping bags now. The spread of online shopping is making sleeping bags and its types easier for people to get. This helps increase how much the public wants these items in stores.

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The market for sleeping bags worldwide, which was valued at US$ 1,545 million in 2021, is anticipated to rise by 7.1 percent year over year in 2022 to reach US$ 1,655 million. A valuation of US$ 3,050 million is anticipated by 2032, with a CAGR of 6.3 percent predicted.

Rise in prevalence of outdoor activities coupled with increasing population of adventure enthusiasts is driving the Sleeping Bags:

Globally, the demand for sleeping bags is rising at a steady rate owing to an increase in the population of nature lovers as they are more inclined towards adventurous activities. The increasing rate of adoption of adventurous vacation spots of the millennial population owing to increasing awareness about the benefits of camping such as reduces stress and improved mental and emotional health has led to an increase in the demand for sleeping bags in the market.

The availability of different variants of sleeping bags which are suitable for different purposes and different demography makes it a customer friendly product. The manufacturers of sleeping bags are coming up with new and innovative products for serving various types of consumer demand by introducing products which are suitable for all types of climatic conditions, durable and at the same time are pocket-friendly leading to a hike in demand for sleeping bags in the market.

The emergence of social media as a key influencer on the interest of consumers also plays a major role in encouraging the growth of camping activities and eventually the growth in demand for sleeping bags in the market.

Market participants:

The key market participants identified across the value chain of the Sleeping Bags are

Jack Wolfskin
AMG Group Vaude
Johnson Outdoors
Oase Outdoors
Exxel Outdoors
Big Agnes
Jarden
V F Corp
Snugpak

The Asia Pacific region is anticipated to witness a surge in demand for sleeping bags, fueled by growing government backing for tourism, notably in countries like India. Additionally, the rise in recreational pursuits and camping activities among the youth demographic is expected to contribute to this uptick in demand. This trend is projected to persist from 2022 to 2032, leading to increased adoption of sleeping bags across the region.

The Sleeping Bags market on the basis of region has been segmented as:

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
The Middle East & Africa

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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Sleeping Bags Market: Market Segmentation

On the basis of Demography

Male
Female
Unisex

On the basis of Insulation Type

Down
Synthetic

On the basis of Size

Kids
Long
Regular

On the basis of Shape

Rectangular Shape
Mummy Shape

On the basis of Sales Channel

Multi Brand Stores
Independent retailers
Supermarket/Hypermarket
Online Sales
Company Website
3rd party Online Sales
Specialty stores

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.

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Nandini Singh Sawlani

Cavendish Banana Market to Reach US$ 25.74 Billion by 2033 with 4.3% CAGR, Fueled by Changing Consumer Preferences

The global Cavendish banana market is expected to be worth US$ 16.6 billion in 2022. Evolving customer preferences for health and wellness will drive sales to US$ 25.74 billion by 2033, with a CAGR of 4.3% from 2023 to 2033. Consumers’ desire to keep a healthy weight along with their adoption of healthy eating habits are what are driving the industry. Due to their accessibility, portability, and ease of consumption, Cavendish bananas are a popular on-the-go snack.

Bananas are a frequent element in many ethnic cuisines in countries from Africa, Puerto Rico, Cuba, Latin America, and Asia, other Caribbean islands. Positive indicators for the Cavendish banana sector include the great variety of ethnic foods created with bananas and the rising interest in varied, exotic cuisines among consumers globally. This fruit is being chosen by a large group of health-conscious consumers owing it carried health and nutritional benefits. Fatigue and weakness are symptoms of anemia, which is caused by the body’s lower-than-normal numbers of red blood cells. The body can generate more red blood cells and help anemic people get rid of their symptoms with a Cavendish banana as it carries enough iron, or Fe.

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The advantages of Cavendish bananas may help people with digestive or even gastrointestinal problems recuperate from these problems. It’s simple to do and requires no effort; all you need to do is consume milk and banana juice every day. Bananas, particularly the Cavendish variety, are widely known for lowering stomach acid. They’re excellent sources for suppressing the desire to overeat.

Key Takeaways from the Market Study

Global Cavendish banana market is expected to be valued at US$ 16.90 billion by 2023
From 2018 to 2022, the market demand expanded at a CAGR of 2.9%
In 2022, the Asia Pacific market for Cavendish banana accounted for about 55% of the global market share.
The United States Cavendish banana market to experience a CAGR of 4.1% from 2023 to 2033.
By product type, the organic Cavendish banana was estimated to acquire more than 40% share in 2022.
By sales channel, the online retail acquired a market share of 24%.

“Consumer interest has pushed the scales towards non-GMO certified products, that will have a big impact on farming procedures used to nurture and grow Cavendish bananas.” remarks an FMI analyst.

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Competitive Landscape

Prominent players in the Cavendish banana market are:

All Nippon Airways Trading Co Ltd.
Exporganic S.A.
DISCOVERY ORGANICS
Salix Fruits
Agroexport Carmita
Union de Bananeros de Uraba
GinaFruit S.A.
Chiquita Brands International Sàrl
Dole Food Company
Fresh Del Monte Produce Incorporated
Pisum Food Services Private Limited
Reybanpac, Rey Banano del Pacífico C.A

Some key developments of the leading companies in this market are:

In 2022, a new distribution, as well as a banana-ripening facility, has been established by the Irish business Fyffes in Balbriggan, North County Dublin. The new facility aids the business in distributing its goods to Irish shops, wholesalers, and food suppliers. It has an annual operational capacity of approximately 60,000 tons of bananas.
The facility, which was built in accordance with current construction requirements, is probably going to be thought of as one of Ireland’s most environmentally friendly structures of its sort.
Some of its energy will be provided by roof-mounted solar panels, and both the office cooling and heating systems will receive their supply via a Ground Source Heat Pump (GSHP), which has the potential to consume around 60% lesser energy than the structure it replaces. To assist, rainwater collection devices have been put in place.

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More Valuable Insights Available

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

Key Segments Profiled in the Global Cavendish Banana Market

By Product:

Organic
Conventional
Organic
Conventional

By Application:

Food and Beverage Processing
Cosmetic and Personal Care
Pharmaceutical & Supplements
Animal Feed
Foodservice (HoReCa)
Household (Retail)
Others

By Sales Channel:

Direct Sales
Retail Sales
Modern Trade
Convenience Store
Departmental Store
Online Retailers
Traditional Grocery Store
Other Sales Channels

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Air Purifier Market Sales Projection: Anticipating a 7.8% CAGR by 2032

In 2021, the global air purifier market was valued at approximately US$ 11.5 billion. The industry is experiencing rapid growth as companies introduce technologically advanced air purifiers equipped with various wireless technologies. By 2032, the market is expected to reach US$ 26.0 billion, showcasing a Compound Annual Growth Rate (CAGR) of 7.8% from 2022 to 2032.

In today’s consumer electronics market, products are often certified with ratings that indicate their energy-saving capabilities. Appliances such as refrigerators, heating and cooling devices, kitchen appliances, electronics, and more, collectively account for over 81% of energy consumption. Air purifiers that are ENERGY STAR certified are approximately 27% more energy-efficient compared to standard models, resulting in cost savings for consumers on their utility

People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.

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The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UVnano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

Air Purifier Market Outlook Compared to Growth Registered in 2016-2020

The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.

The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.

In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.

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The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.

High installation of air purifiers in schools, hospitals, and other institutions is likely to remain a chief growth driver. The demand from commercial sector will rise as well. More than 80% of the overall revenue from air purifiers is expected to come from the commercial sector. This is owing to manufacturers’ growing efforts to diversify their economies and develop innovative products.

Key Takeaways from the Air Purifier Market Study

In terms of technology, HEPA filters account for a major share in the air purifier market. Demand in this category is expected to grow at a CAGR of 4.3% in 2020.
Leading companies in the air purifier market will cover nearly 42% of sales.
The U.S. will account for maximum demand in North America, sealing its dominance in the global market.
Demand in the U.K. will grow at an impressive pace, pushing overall growth in the Europe market.

“As competition continues soaring, market players are likely to focus on making air purifiers smarter. They are integration concepts of artificial intelligence to enable improve machine-human interaction,” says an FMI analyst.

Who is Winning?

Leading manufacturers of air purifier are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales growth of air purifier globally.

Major players present in the air purifier market are

Koninklijke Philips N. V
LG Electronics Inc.
Xiaomi Corporation
Afpro Filters B.V.
Dyson Ltd.
Godrej Appliances
Condair Group AG
Daikin Industries, Ltd.
Honeywell International Inc.
Whirlpool Corporation
Japan Air Filter Malaysia Sdn. Bhd.
Hitachi Limited
Dyson Technology Ltd
Panasonic Corporation

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Global Air Purifier Market by Category

By Technology Type:

HEPA
Electrostatic Precipitator
Ion and Ozone Generators
Activated Carbon
Other Technologies

By Coverage Area:

Below 250 Sq. Ft.
250-400 Sq. Ft.
401-700 Sq. Ft.
Above 700 Sq. Ft.

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and 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

Revolutionizing Aquaculture: Tilapia Market Set to Soar to US$ 23,015.4 million by 2034 with New Strain Developments

The tilapia market size is projected to be worth US$ 23,015.4 million by 2034. According to the estimates, the market is anticipated to exhibit a 4.80% CAGR until 2034. In 2024, the tilapia market size is valued at US$ 14,460.02 million.

In tandem with the soaring heights reached by the global aquaculture market, the tilapia market is carving its own trajectory, showcasing a promising outlook. Tilapia, hailed for its nutrient density and affordability, is swiftly becoming a consumer favorite. Key players are at the forefront, introducing “ready-to-eat” tilapia variants, establishing a market niche as a wholesome snack option.

Tilapia boasts an impressive nutritional profile, being rich in Vitamin D, iron, omega-3 fatty acids, and Vitamin B. Noteworthy is its disease resistance compared to other species, making it an increasingly preferred choice for small and medium farmers. The market is witnessing a shift as government initiatives align to propel production and meet growing demand. Subsidies and farmer-centric initiatives are becoming catalysts for market growth, empowering even small and medium farmers to enhance production through the adoption of advanced technologies like selective breeding.

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Key Takeaways:

Tilapia emerges as a consumer favorite, celebrated for its nutrient density and cost-effectiveness.
“Ready-to-eat” tilapia variants introduced by key players create a market niche as a healthy snack.
Tilapia stands out for its nutritional richness, encompassing Vitamin D, iron, omega-3 fatty acids, and Vitamin B.
Government initiatives, including subsidies and technology adoption support, fuel market growth.

Critical Virus Outbreaks, Major Market Restraint

Virus diseases such as the Tilapia lake virus continue to be a major threat to steady market growth. A massive viral outbreak could wobble market stability immensely. The Tilapia lake virus currently has no known vaccine. Hence, government initiatives and awareness campaigns are indispensable to raising preventive measures.

Key Takeaways from the Report:

During the forecast period, the US market is expected to grow at a CAGR of 10.1% to reach a value of US$ 1.5 Bn by 2034.
The Chinese market is expected to reach a valuation of USD 6.4 Bn by 2033, growing by a CAGR of 3.6% between 2024 and 2034
During the forecast period, the conventionally sourced segment is expected to dominate the market at a CAGR of 3.9%
Between 2023 and 2033, the Nile Tilapia species segment is projected to grow at a CAGR of 4.2%, emerging as the most popular segment by species
Between 2017 and 2022, the tilapia market registered a CAGR of 3.4%
During the forecast period, the UK market is expected to grow at a CAGR of 8.4% to reach a valuation of USD 23.7 Mn by 2034

Key Market Players Focus on Diversification to Capture Consumer Interest

Currently, key players are keen on launching innovative product lines to carve out a wider consumer base. This includes ready-to-eat as well as pre-prepared meals such as soups, filleted, and frozen variants. Thus, producers have transformed the image of tilapia from a healthy, recipe-only food to an easy yet healthy snack.

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Key Market Developments:

In 2020, an exciting range of tilapia products was launched by North Atlantic Fish Co., Inc. This included the North Atlantic Frozen Tilapia Fillets, and North Atlantic Frozen Whole Tilapia. The line is focused on sustainability, keeping up with recent market trends.
Recently, Hainan Xiangtai Fishery Co., Ltd. launched its new line of tilapia variants. This included the Gutted and Scaled Tilapia, Whole Round Tilapia, and Tilapia Fillet. The line aims to facilitate ease of cooking tilapia, targetting middle-income households.
Recently, Blue Ridge Aquaculture (BRA) was in the news for investing US$ 2.5 Mn in a nursery facility. The aim was to expand ongoing production capabilities. Further, it is expected to promote robust quality production and a seamless supply chain process.

Key Market Players:

Baiyang Aquatic Group
A.O.Kingdom International Co., Ltd
Nova Sea Foods
Hainan Sky-Blue Ocean Foods Co
Guangdong Evergreen Conglomerate Co., Ltd.
Hebei Zhongjie Tilapia Breeding Co. Ltd
Amyco Group Limited.
Regal Springs

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Tilapia Market by Category

Source:

Organic Tilapia
Conventional Tilapia

Species:

Nile Tilapia (OREOCHROMIS NILOTICUS)
Blue Tilapia (OREOCHROMIS AUREUS)
Mozambique Tilapia (OREOCHROMIS MOSSAMBICUS)
Wami Tilapia (OREOCHROMIS UROLEPIS HORNORIUM)

Form:

Fresh Tilapia
- Whole Tilapia
- Fillet Tilapia
Processed Tilapia
- Canned Tilapia
  - Frozen Tilapia
  - Whole Fillet Tilapia

By Sales Channel:

Direct Sales
Retail Sales
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Stores

By Application:

Food Industry
Pharmaceutical Industry
Animal Feed
Pet Food
Food Service
Retail

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