Market Research Blog – Page 3436 – New Product Development

Global Products from Food Waste Market Flourishes with a 5% CAGR, Aiming for a Bountiful US$ 85.9 Billion Valuation by 2033

In 2023, the global products from the food waste market are estimated to be worth US$ 55,120 million. Food waste product sales are projected to expand at a 5% CAGR to US$ 85,905.0 million by 2033.

The products from food waste industry are gaining significant traction due to the increasing demand for sustainable solutions for food waste management. The drivers for this market include the implementation of strict regulations regarding food waste disposal and growing awareness about the environmental impact of food waste. In addition, the development of new technologies and processes for food waste management, such as InSinkErator food waste disposers and food waste processors, is also driving the growth of this market.

The market for products from food waste industry also faces some restraints such as the high cost of installation and maintenance of food waste management systems, lack of awareness about the benefits of food waste management, and the unavailability of proper infrastructure in some regions. Moreover, the low profitability of food waste management and disposal services is also hampering the growth of this market.

Opportunities for the products from food waste industry include the development of innovative technologies and processes for food waste management and the increasing demand for value-added products derived from food waste such as meat waste disposals, carysil food waste disposers, and other food waste products. In addition, the increasing demand for organic fertilizers and biofuels is also creating new opportunities for the growth of this market.

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One of the emerging trends in the products from food waste industry is the use of technology to improve food waste management processes. Smart waste management systems are being developed that use sensors, data analytics, and artificial intelligence to optimize the food waste management process. In addition, the development of blockchain technology for food waste management is also gaining traction as it provides transparency and traceability in the food waste management process. These trends are expected to create new growth opportunities for the products from food waste industry in the coming years.

Key Takeaways from the Products from Food Waste Market:

In 2022, the United States is anticipated to have a notable share in products from food waste, accounting for 8% of the global market.
Germany is predicted to dominate the Europe market for products from food waste, with a CAGR of 4.3% during the forecast period.
The products from food waste industry in India are predicted to thrive at a significant CAGR of 15.3% during the forecast period.
With a CAGR of 7.4% over the forecast period, China is likely to be a prominent contributor to the growth of the products from food waste industry.
Citrus fruits are predicted to dominate the products from food waste industry by source in 2023, accounting for around 35% of the total share.
The food processing segment is predicted to dominate the products from food waste industry in 2023, accounting for around 40% of the market share.

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How Players are Capitalizing on Innovative Technologies in Products from Food Waste Industry?

The products from food waste industry are significantly growing and becoming increasingly competitive. With an increasing trend towards sustainability and reducing food waste, many companies are exploring ways to repurpose food waste into value-added products.

Leading players in the industry are Insinkerator, Emerson Electric Co., and Waste Management, Inc. are investing in new technologies and innovations to improve food waste processing and management. Insinkerator, for example, offers a range of food waste disposers and processors that can grind and process food waste into fine particles, while Waste Management provides a range of services to businesses and consumers to help manage and reduce food waste.

In addition to established players, many startups and small-scale companies are also entering the market, bringing them unique and innovative solutions. Carysil, for example, offers a range of food waste disposers that are compact and efficient, while TerraCycle provides a range of services to help businesses and individuals recycle their food waste.

The industry is also seeing a rise in collaborations and partnerships between companies to improve sustainability and efficiency in food waste management. For example, in 2021, PepsiCo partnered with Danimer Scientific to develop biodegradable food packaging made from plant-based materials.

Products from Food Waste Market Taxonomy

By Source:

Mangoes
Apples
Grapes
Citrus Fruits
Carrots
Beetroot
Berries
Others

By End User:

Food Processing
Beverage Processing
Cosmetics & Personal Care
Dietary Supplements & Nutraceuticals
Animal Feed
Others

Region:

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

Contact Us:

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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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Global Yogurt Powder Market Grows at a Nourishing 7.5% CAGR, Nearing a Wholesome US$ 535.4 Million Valuation by 2033

In 2023, the yogurt powder market is anticipated to reach a value of US$ 274.3 million. According to Future Market Insights, the market could grow at a 7.5% CAGR between 2023 and 2033. Yogurt powder is a preferred option due to its high nutritional value and probiotic benefits. The market is therefore expected to reach US$ 535.4 million by 2033.

The demand for yogurt powder is expected to increase due to the acceptance of healthy lifestyles and nutrient-rich diets. The substance is good for enhancing digestive health and the immune system. The market for dehydrated yogurt is anticipated to rise in response to consumer preferences for nutrient-dense foods on the go.

The global yogurt powder market is being driven by the rising demand for yogurt powder in the food manufacturing and restaurant sectors. Several culinary products, such as morning cereals, snacks, pastries, ice cream, baby meals, and others, employ yogurt powder. The fact that yogurt powder has a longer shelf life than fresh yogurt is anticipated to increase demand for yogurt powder on the global market.

Demand is anticipated to be driven by an increase in the product’s use in meals and salad dressings for both flavor and nutrition. The product’s high protein and calcium content makes it beneficial for reducing weight and enhancing intestinal health. Moreover, it is used in the creation of baked goods and confections.

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Bakeries and confectionery makers are increasingly using yogurt-based powder as a result of growing customer awareness of the negative consequences of high sugar content, artificial colors, chemicals, and preservatives. In addition, the product has a longer shelf life than fresh yogurt, which is advantageous for bakeries and confectionery producers since it reduces wastage.

According to the shifting food trends, people are choosing meals that support their active lifestyles. Yogurt powder demand is being driven by consumers’ willingness to pay more for products with clean labels. Due to customers’ shifting food consumption habits as a result of rapid urbanization, the demand for skimmed milk yogurt powder has increased in emerging economies.

The yogurt powder market is dominated by Europe, then North America. While few individuals still consume conventional yogurt and are less aware of the advantages of yogurt powder, individuals in certain emerging countries still do. Given the increasing need for dairy products, the yogurt powder market could expand in nations like China.

Key Takeaways

The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 18% through 2033.
The United States is expected to develop at a 7.4% CAGR during the forecast period.
With a CAGR of 7.7% over the forecast period, Spain is predicted to develop promptly in the market.
In China, the market is expected to proliferate, registering a CAGR of 7.3% over the forecast period.
Germany is estimated to grow decently registering a CAGR of 8.6% until 2033.

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Competitive Landscape

Key players in the yogurt powder market are Bluegrass Dairy & Food, Inc., Glanbia PLC, Epi Ingredients SAS, Bayerische Milchindustrie eG, BALTIMA Sp. z o.o., Armor Protéines, Döhler Dahlenburg, C.P. Ingredients Ltd, Dr. Suwelack, Kerry Group, Biogrowing, PreGel AMERICA, Inc., ACE International LLP, Ballantyne, Bempresa Ltd., and others.

These market players are concentrating on product innovation to fulfill the shifting consumer demand for convenient and wholesome snack choices. To draw customers, several businesses are releasing fresh yogurt powder products with distinctive flavors, formulations, and packaging. They are also collaborating with distributors and suppliers to broaden their market and boost sales. Certain manufacturers are looking at the market potential in the plant-based and vegan yogurt powder segment, while others are investing in research and development to increase the nutritional content and shelf life of their products.

Recent Developments

Yogurt powders were developed by Bluegrass Dairy & Food, Inc. to offer the same enlivening health and wellness benefits as regular yogurt. The company also released non-dairy plant-based powders. A wide range of product lines is complemented by its plant-based powders, which provide everything from a virtually comparable substitute to an earthy, all-natural snack.
Bempresa Ltd. released Optimo Yogurt Powder. Optimo Yogurt Powder is created using cutting-edge technical techniques, maintaining all the properties of yogurt powder while having lower production costs. As a result, it becomes a highly cost-effective and high-quality substitute for products like cakes, candies, and bread.

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Yogurt Powder Market by Category

Product type:

Skimmed Yogurt Powder
Semi-Skimmed Yogurt Powder
Whole Yogurt Powder

Nature:

Organic
Conventional

Flavor:

Regular
Flavored
- Berries
- Vanilla
- Chocolate
- Peach
- Mango
- Banana
- Apple
- Others (Passion Fruit, Blends)

Application:

Food Industry
- Dips and Dressings
- Fillings
- Bakery
- Nutrition and Snack Bar
- Desserts
- Frozen Novelties
- Dry Mixes
- Others (Meat Products, Cereals)
Beverages
Cosmetics and Personal Care

End Use:

Household
HoReCa
Industrial
- Food and Beverage Processors
- Cosmetic Manufacturers

Distribution Channel:

B2B
B2C
Store-Based Retail
- Modern Grocery Retailers
- Hypermarkets/Supermarkets
- Convenience Stores
- Food & Drink Specialty Stores
- Independent Small Groceries
Online Retail

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Intelligent Transport Systems (ITS) Market Targets US$ 132.93 Billion by 2032, Boasting 13.4% CAGR

The intelligent transport systems (ITS) market is projected to reach a value of US$ 37.8 Billion by the end of 2022, with sales growing at a prolific CAGR of 13.4% over the forecast period of 2022-2032. The market will reach an estimated value of US$ 132.93 Billion by 2032. Elevated demand for enhanced transportation infrastructure and a growing need for better traffic management and control are expected to boost the market over the forecast period.

Rising incidences of road accidents and collisions have fueled the growing demand for advanced traffic control solutions. The adoption of smart vehicles across regions like the U.S., China, and the U.K. is promoting the demand for intelligent traffic control systems. These two factors are the primary drivers of the intelligent transport system market growth and expansion.

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Furthermore, the adoption of intelligent transport systems is expected to achieve traffic efficiency, and safety of traffic passengers, improve passenger experience, and also contribute towards environmental preservation. Improvements to the overall traffic operations are another benefit.

Government investments in the designing, planning, and implementation of intelligent transport system solutions to control traffic congestion as well as advancements in transportation technology and the rising adoption of IoT for traffic are all contributing factors to the market growth of intelligent transport systems.

Key Takeaways from the Intelligent Transport Systems (ITS) Market Report:

The rising adoption of smart vehicles will promote market growth in the U.S. over the assessment period.
China will continue dominating the Asia Pacific market, excluding Japan.
India is projected to emerge as a lucrative market in South Asia over the forecast period.
By component, intelligent transport systems software is expected to witness a CAGR of 13% over the forecast period.
Based on application, intelligent urban traffic management systems will register a CAGR of 9.4%.

Competitive Landscape:
Key players in the global intelligent transport systems (ITS) market are employing tactics like strategic mergers, acquisitions, and collaborations to gain a competitive advantage. They are collaborating with governments and other key market players to invest extensively in advanced solution projects and thereby strengthen their market position.

Leading Key Players:

Thales Group AD
Siemens AG
Garmin Ltd.
Kapsch Trafficcom
Tomtom International BV
Q-Free ASA
Denso Corporation
Atkins Group
Iteris Inc.
Ricardo PLC
Efkon AG
Savari Inc.
Transcore LP
Lanner Electronics Inc.

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Intelligent Transport Systems (ITS) Market Segmentation:

By Application:

Intelligent Urban Traffic Management Systems
- Traffic Monitoring
- Traffic Signal Controls
- Enforcement Camera Management
Highway Traffic Management
Intelligent Car Parking Management Systems (Smart Parking)
Fleet Management and Asset Monitoring
- Public
- Private
Collision Avoidance Systems
Advanced Traveler Information Systems
Congestion/Road Charging Solutions.

By Component:

Hardware
Software
Services

By Region:

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

About Future Market Insights (FMI):

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Egg Powder Market Set to Achieve USD 2.6 Billion Valuation by 2032, Hatching a 4.9% CAGR

The global egg powder market is set to witness growth at a CAGR of 4.9% and is anticipated to reach a valuation of around USD 2.6 Bn by 2032.

Egg powder’s prospects are being bolstered by the growing health & wellness trend, owing to the fact that it is a complete protein that is diet-friendly, lactose-free, and aids in muscle regeneration. Egg powder’s lactose-free property has recently sparked curiosity as a potential replacement for dairy-based whey alternatives.

The growth in protein powder consumption may be attributed to the rising health & wellness trend, with top market players capitalizing in on the rapid expansion of naturally high-protein foods. Leading companies in the industry are competing to grow their revenue streams by leveraging the clean label profile of egg powder.

Furthermore, dietary supplements and medicines have blurred the lines between where full protein powders can be used. This has resulted in new opportunity for the market players to diversify their portfolio, for food processing and pharmaceuticals.

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Key Takeaways from Market Study

The market is segmented based on type, wherein whole egg powder is anticipated to account for around 40% of the market share over the forecast period.
The North American egg powder market is expected to witness a lucrative growth rate of 5.0% during the forecast period.
North America is inferred to account for 2/5th of the global egg powder consumption through 2032
Use of egg powder sold in food and beverages is expected to hold a market share of over 30% in the forecast period

The supply chain for the egg powder market was severely hindered by the pandemic, resulting in a sales slowdown. However, with the recovery of the economy and rising consumer demand for healthy and nutritious foods, the business is expected to grow significantly.

“Considering the ongoing trend of consuming innovative clean label products, the egg powder market is extremely likely to see a new wave of application possibilities emerge in the future years,” says a Future Market Insights analyst.

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Competitive Landscape

Consumers’ preferences appear to be shifting towards classic and unique flavors and tastes in recent years, as a result egg powder manufacturers have adjusted their focus towards customer-centric product offerings.

This has creates a window of opportunity for producers who are wagered to try out new varieties and develop unique products. Companies have established a roadmap to manufacture products that address consumer needs and regularly launch new in-trend products owing to innovation-driven methods. The lucrativeness of the industry is expected to steadily rise in years to come as innovation adds new dimensions to egg powder manufacturers’ capabilities.

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Egg Powder Market By Category

By Type, Egg Powder Market is Segmented as:

Whole Egg
Egg White
Egg Yolk

By End Use, Egg Powder Market is Segmented as:

Food & Beverages
- Bakery
- Confectionery
- Sauces & Dressing
- Others
Personal Care & Cosmetics
Pharma
Dietary Supplements
Animal Feed & Pet Food
HoReCa
Others

By Sales Channel, Egg Powder Market is Segmented as:

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

By Region, Egg Powder Market is Segmented as:

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

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Online Grocery Market Set to Surge: Expected Growth Rate of 24.60% by 2033

The online grocery market is anticipated to be valued at US$ 377.4 billion in 2023 and is projected to reach US$ 3,396.9 billion by 2033. Furthermore, the market is expected to experience a surge with a Compound Annual Growth Rate (CAGR) of 24.60% from 2023 to 2033.

Online grocery shopping has been popular among younger generation, but COVID-19 outbreak pulled this novel form of shopping to mainstream. Apart from millennial, which account for more than 32% of the global population, online grocers also witnessed sizable traction from new customer archetypes. These customer groups were geriatric and sub-urban consumers. Witnessing traction from such a diverse customer archetype, online grocers also worked on their offering and expanded the portfolio of products and inventories.

Driven by the increasing consumer spending, improving rate of employment and overall economic growth, online grocery shopping has spurred. Several brands have reported a Multifood surge in sales as a direct consequence of strategies undertaken to boost their online presence and portfolio.

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Following e-commerce boom, online grocery shopping is gaining momentum – a trend which is unlikely to subside in the near future. FMI offers valuable insights into the online grocery market. Some of these are:

Personalized and smart packaging are likely to dominate the online grocery shopping scene. FMI’s data, revealing that packed food has comfortable lead over other product types, reiterates the same observation
Presence of a high percentage of millennial has sealed East Asia’s position as a highly lucrative market for online grocery
Subscriptions segment is poised to surge at a higher CAGR among purchaser type. Subscription based online shopping is expected to gather steam as consumers look for better convenience and personalized solutions

Economists at FMI says that online grocery shopping is one of the fastest growing sectors in the U.S. retail. As the number of online shoppers grow it is expected that e-retailers would focus on unique strategies. For instance, many of established e-retailers are partnering with small and medium service providers who would help them with door-step delivery to consumers.

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Besides leveraging strategic collaborations, several e-retailers are innovating smart packaging solutions to improve overall purchase experience. QR codes are often used to offer special discounts and coupons to customers.

Overall, there is increasing focus on digitizing solutions to cater to the changing consumer needs. For instance, Amazon.Com Inc. has invested heavily in the development of its integrated and high-tech logistics. Through this, it intends to expand its network and geographical footprint.

Who is winning?

Some of the key players operating in the online grocery market are

Amazon.com Inc.
Walmart Inc.
The Kroger Co.
Peapod LLC
Fresh Direct LLC
Publix Super Markets Inc.
Target Corporation
Best Buy Co. Inc.
Instacart
Costco Wholesale Corporation
Safeway Inc.
Carrefour S.A.
Edeka Group
Tesco PLC
Aldi
Alibaba Group
JD.com
Honestbee
Grofers India Pvt. Ltd.
Avenue Supermarts Ltd.

Several online grocery/ e-retailer companies are entering into strategic partnerships with prominent retailers to cater to the growing demand for groceries and other essential items.

Walmart Inc. has entered into a strategic partnerships with four third-party delivery providers which are Point Pickup, Skipcart, AxleHire, and Roadie to help the company provide on-time delivery to its customers
In India Domino’s Pizza, Uber, Rapido, Swiggy, Zomato, and other have ventured into grocery delivery in collaboration with online grocers such as BigBasket and Grofers and retail chains such as Big Bazaar and Spencer

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Market Segmentation

Product Type:

Packed Foods
- Snacks
  - Chips & Crisps
  - Salty Snacks
  - Dried Fruits
  - Mixed Nuts
  - Popcorn
- Baked Products
  - Cookies
  - Cakes & Pastries
  - Breads & Rolls
  - Frozen Desserts
  - Confectioneries
- Breakfast & Cereal
  - Cereal & Breakfast Bars
  - Granola & Muesli
  - Energy Boosting Breakfast
  - Others (Syrups, Pancakes, etc.)
- Ready To Eat Foods
  - Instant Noodles
  - Pasta
  - Sandwiches
  - Smoked Fish
- Ready To Drink Beverages
  - Aseptic Juice
  - Iced Tea
  - Flavored Milk
  - Soft Drinks
  - Energy Drinks
  - Instant Coffee
  - Canned Sodas
  - Non-Alcoholic Drinks
- Dairy Products
  - Milk
  - Yogurt
  - Cheese
  - Butter
  - Others
- Staples & Cooking Essentials
  - Salt & Spices
  - Sauces
  - Coffee/ Tea Powder
  - Pickles
  - Oils/ Vinegar
  - Honey/ Jam
Fresh Produce
- Fruits & Vegetables
- Meat & Seafood

Purchaser Type:

One Time Purchase
Subscription

Delivery Type:

Home Delivery
- Company Owner Stores
- Third-Party Stores
Click & Collect

End User:

Individuals
Distributors

By Region

North America
Latin America
Europe
The Middle East and Africa
East Asia

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

Chromium Salts Market on Track to Hit US$ 7,621.9 Million by 2033

The chromium salts market is forecast to experience a growth of 5.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 4,591 million in 2023.

China, India, and Brazil, among others, are some of the top emerging markets for chromium salts. Robust industrialization within these economies is driving market growth. Increasing demand for dye and pigments in developing nations is projected to augment the sales of chromium salts.

The surging deployment of chromium salts in applications like leather treatment, metal treatment, and water treatment is projected to propel the consumption of chromium salts over the assessment period.

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Chromium salts are also increasingly used to prevent corrosion formation, thus fueling their demand growth. The technical upgrades concerning the manufacturing process of chromium salts are expected to generate significant opportunities for manufacturers in the coming years.

Chromium salts imbibe toxic and carcinogenic properties that impact the laborers working with this salt daily. Due to these harmful properties, governments have levied different strict environmental rules and regulations, particularly in the United States and Europe. This might hinder the market from going forward.

Top Highlights from the FMI’s Analysis of the Chromium Salts Market:

The chromium salts industry in the United States is expected to reach a value share of 23.6% in 2023.
The German chromium salts industry is projected to materialize a share of 6.1% in 2023.
The Japan chromium salts industry is anticipated to cut a slice of 5.6% from the global market share.
The Australian chromium salts industry is expected to contribute a 2.8% market share in 2023.
Over the forecast period, the China chromium salts industry is anticipated to expand at a CAGR of 4.5%.
India is expected to expand at a robust CAGR of 5.3% from 2023 to 2033.
The United Kingdom’s chromium salts industry is expected to grab a market share of 4.2% over the estimated period.
Based on type, the chromium O salts segment is expected to gain a share of 29.4% in 2023.
Under the application category, the metallurgy segment is projected to contribute 35% in 2023.

FMI Unveils Factors Responsible for Winning New Customers: Strategies and Developments

Leading participants in the market are concentrating their efforts on mergers and acquisitions. Further, surging acquisitions among key players in projected to catalyze market growth during the estimated period.

Different top firms are getting involved in manufacturing chrome tanning agents applicable in leather processing and tanning and chromium salts. The acquisition is expected to lead to a steady supply of raw materials at a reduced price.

Key Developments in the Market

Zhenhua Co. Ltd., a China-based company, obtained a 51% stake in Xiamen Shouneng Technology Co. Ltd. in March 2022. Zhenhua Co. Ltd. is expected to thoroughly examine the prospects and uses of novel materials consisting of chromium in the new energy sector.
Brother Enterprises Holding revealed in August 2019 that the company is acquiring LANXESS in South Africa. The latter company is involved in the production process of chromium salts. With this acquisition, Brother Enterprises Holding is going to benefit from the constant supply of raw materials at a reduced cost.

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Key Companies Profiled

MerckMillipore
Sigma Aldrich
Otsuka Chemical Co Ltd
Loba Chemie
Thermo Fisher Scientific
Lenntech
Arkema SA
Bann Química
Behn Meyer
Chemtura Corporation

Key Players in the Global Chromium Salts Market

By Type:

Chromium O Salts
Chromium I Salts
Chromium II Salts
Chromium III Salts
Chromium IV Salts
Chromium V Salts
Chromium VI Salts

By Application:

Metallurgy
Dyes & Pigments
Wood Production
Preservatives
Tanning
Refractory Materials

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and 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
LinkedIn| Twitter| Blogs | YouTube

Global Anorectal Manometry Systems Market Poised for Significant Growth to Reach US$ 138.93 Million by 2032 Driven by Rising Demand for Advanced Diagnostics

The global anorectal manometry systems market is on an upswing, driven by the increasing need for accurate diagnoses of anorectal disorders. According to a recent industry report, the market size reached an estimated US$ 65.80 million at the close of 2021. Buoyed by a surge in demand for advanced diagnostic tools and a growing prevalence of anorectal conditions, the market is projected to witness a remarkable trajectory, with a Compound Annual Growth Rate (CAGR) of 7.03%. This upswing is expected to propel the market value to a substantial US$ 138.93 million by 2032.

The primary factor fueling this market growth is the rising need for precise diagnostic solutions to address the escalating number of anorectal disorders. Anorectal manometry, a critical diagnostic procedure, plays a pivotal role in assessing the functionality of the rectum and anal sphincters. This market encompasses a range of cutting-edge systems designed to measure pressures and reflexes within the anorectal region, facilitating the diagnosis of various conditions such as fecal incontinence, constipation, and motility disorders.

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This highlights the significant growth potential of the anorectal manometry systems market. With the increasing awareness of anorectal disorders and the demand for improved diagnostic tools, this market is poised to witness substantial growth in the coming years.

Key takeaways from the Anorectal Manometry Systems Market include:

Market Growth: The market for anorectal manometry systems has seen growth due to an increasing prevalence of gastrointestinal disorders, greater awareness of such conditions, and advancements in medical technology. These factors have led to a higher demand for accurate diagnostic tools.
Diagnostic Importance: Anorectal manometry systems play a crucial role in diagnosing and understanding various anorectal and pelvic floor disorders. These systems provide valuable insights into the pressure and coordination of muscles in the anal and rectal regions, aiding clinicians in making accurate diagnoses and treatment decisions.
Technological Advancements: The market has witnessed advancements in anorectal manometry technology, including the development of more compact and user-friendly devices. These improvements have made the procedure more comfortable for patients and more efficient for medical practitioners.
Non-Invasive Procedures: With the progress of technology, there’s a growing trend towards non-invasive or minimally invasive diagnostic procedures. Anorectal manometry, though involving insertion of a probe, is considered minimally invasive compared to traditional methods.
Rise in Gastrointestinal Disorders: Factors such as sedentary lifestyles, poor dietary habits, and aging populations have contributed to an increase in gastrointestinal disorders, including constipation, fecal incontinence, and irritable bowel syndrome. This has driven the demand for accurate diagnostic tools like anorectal manometry systems.
Integration of Data Analysis: Anorectal manometry systems often come equipped with software that enables the analysis and visualization of pressure and muscular activity data. This integration allows clinicians to interpret results more effectively and make informed decisions about patient care.

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Top Major Players:

Diversatek, Inc.
Synectics Medical Limited
Medical Measurement Systems
Mui Scientific
Sandhill Scientific
Sierra Scientific
Arndorfer Medical Specialties
Given Imaging Ltd.
MD Solutions
MEDSPIRA
Albyn Medical Ltd.
Arndorfer Medical Specialties
Dentsleeve
Latitude
Medtronic plc
Laborie
The Prometheus Group

Key Segments Covered in the Anorectal Manometry Systems Market Survey:

By Product Type:

Anorectal Manometry Systems
Anorectal Manometry Systems Software
System Sheath & Catheters

By Modality Type:

Stand-Alone Systems
Portable Systems

By End-user:

Hospitals
Diagnostic Centres
Specialty Clinics

By Region:

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

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Nandini Singh Sawlani

Electronic Trial Master File (eTMF) System Market Forecasted to Hit US$ 5.8 Billion, 12.9% CAGR by 2034

The global electronic trial master file (eTMF) system market recorded a valuation of around US$ 0.9 billion in 2019. In the following years, the demand for electronic trial master file (eTMF) software and services rose at a CAGR of 14.9%, creating a market worth US$ 1.5 million in 2023. Electronic trial master file (eTMF) systems make real-time cooperation and accessibility easier, which has been the key factor propelling demand through projected years.

As per the recent analysis, the net valuation of the market is expected to be at US$ 1.7 billion in 2024. Digital transformation in clinical trials or life science research domains has further augmented the outlook of the electronic trial master file system industry in the last few years.

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Over the next ten years, the adoption of electronic trial master file (eTMF) systems is expected to increase at a 12.9% CAGR. By the end of 2034, the electronic trial master file (eTMF) system industry is anticipated to have grown to US$ 5.8 Billion.

Key Takeaways from the Electronic Trial Master File (eTMF) System Market Report:

The United States currently leads the market for electronic trial master file (eTMF) systems and is likely to advance at a CAGR of 13% through 2034.
In Europe, the United Kingdom is expected to hold a lucrative market for eTMF service providers by advancing at 14.4% through 2034.
China is currently the leading market for eTMF software development in Asia and is poised to progress at a rate of 13.3% per year through the forecast period.
Japan and South Korea are two emerging markets for eTMF integration and are anticipated to follow 14.4% and 15.2% CAGRs through 2034.

Competitive Landscape for the Electronic Trial Master File (eTMF) System Market Participants:
Leading players like Veeva Systems, Aris Global, and Clinevo Technology hold a sizable market share, making it highly concentrated. However, the growing emphasis on regulatory compliance and clinical trial activities in emerging nations is likely to diversify the market with the emergence of new electronic trial master file service providers.

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Recent Developments by the Electronic Trial Master File (eTMF) System Market Players:

In February 2023, Vial and Egnyte signed a collaboration agreement to integrate the Life Sciences eTMF technology into Vial’s platform. According to the clinical research organization Vial, Egnyte eTMF is a 21 CFR Part 11 compliant platform that improves audit preparedness for life sciences organizations, reduces document and data processing times, and maintains compliance.
In April 2021, Phlexglobal eTMF vendor revealed five of the world’s top 10 pharmaceutical companies are using its cutting-edge TMF Quality Review solution. The firm claims that its TMF solution aids in better preparation for inspections, identify loopholes for clinical trials, and mitigates regulatory risk associated with their mergers and acquisitions.

Electronic Trial Master File (eTMF) System Market Segmentation:

By Component or Product Type:

Software
Services

By Deployment Type:

On-Premise
Cloud

By End User Verticals:

Pharmaceutical & Biotechnology Companies
Contract Research Organizations (CROs)
Other End Users

By Functionality:

Clinical Operations
Records Management
Auditing
Information Technology (IT) Operations
Other Functionalities

By Region:

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

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Global Kombucha Market Ferments at a 17.4% CAGR, Aiming to Brew a Whopping US$ 17.1 Billion Valuation by 2033

The global kombucha market is going to reach US$ 17.1 billion by 2033, growing at a CAGR of 17.4% between 2022 and 2033. The kombucha drinks market is expected to generate an absolute dollar opportunity of approximately US$ 13.7 billion by 2033.

Each year, unsafe alcohol consumption kills approximately 3 million people, accounting for 5.3% of all deaths, according to the World Health Organization (WHO).

This has resulted in a shift in consumer drinking patterns towards low- and non-alcoholic kombucha drink. Consumers, particularly Millennials, are embracing a better lifestyle and prefer non-alcoholic and healthier alternatives to alcoholic beverages. This in results boosts the kombucha sales.

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Growth Guideposts

Another element boosting kombucha market profit growth is the growing demand from diabetics to cut back on the quantity of sugar they typically consume in their diet. The product gives green tea’s advantages.

According to studies, regularly drinking kombucha lowers cholesterol, controls blood sugar levels, helps burn calories, and reduces belly fat. These have a substantial impact on the market’s revenue growth. For beer drinkers, hard kombucha has also gained popularity as an alternative. Due to its low alcohol content, kombucha drink is a fantastic substitute for low-alcohol beverages.

Due to the numerous advantages of probiotic wellbeing, customers are turning to kombucha drink as a substitute because it is a relatively healthier option. It is available in a large number of eateries, cafes, hotels, catering establishments, and other companies.

Another important aspect driving market revenue growth is escalating demand from the hospitality industry.

Global Market Is Adjudicated by Regular Flavored Kombucha

As more people are willing to try new things, regular kombucha is in style. Variants of flavoured kombucha bottles are selling better than ever. The market’s dominant category is regular kombucha.

By 2033, the herbs and spices category might potentially control a sizeable portion of the global Kombucha market. Since major companies concentrate on creating flavoured fermented kombucha tea with various distinctive kombucha flavors by blending herbs and spices.

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Regional Outlook

Between 2023 and 2033, North America may hold a sizeable portion of the hard kombucha market. In terms of market share, Europe trailed North America because of its robust distribution network and rising consumer awareness in the U.S. The demand for probiotic beverages and other functional beverages is expected to increase among office workers, which could fuel the rise.

During the forecast period, the hard kombucha market is anticipated to develop at the significant CAGR of 18.5% in Asia Pacific. Due to the easy manufacture of kombucha-based drinks and rising alcoholic beverage consumption. Growing health concerns among people and a number of governments increasing discretionary expenditures to promote alcohol could fuel kombucha industry expansion.

Key Takeaways

From 2023 to 2033, the regular category may expand at a CAGR of 16.3% by flavor in the kombucha drinks market.
The glass bottles category might develop at a CAGR of 12.0% from 2023 to 2033, according to the packaging segment.
Between 2023 and 2033, the Chinese kombucha drinks market might expand at a CAGR of 16.8%, reaching US$ 744.8 million.
Kombucha sales in France may have climbed at a CAGR of 15.4% by 2033 and may total US$ 773.4 million.
By 2033, the United States kombucha drinks market is expected to grow at a CAGR of 16.3% and reach US$ 4.6 billion.
By 2033, the United Kingdom market can have grown at a CAGR of 18%, reaching US$ 1.4 billion.
The Germany kombucha market could have expanded at a CAGR of 22.1% by 2033 and may have amounted to US$ 2.8 billion.

Competitive Landscape

A small number of significant international players have helped to consolidate the hard kombucha market. A number of businesses, including The Coca-Cola Company, Molson Coors Beverage Company, The Humm Kombucha LLC, The Hain Celestial Group, and Revive Kombucha, are concentrating on new product releases and strategic acquisitions to grow and strengthen their businesses.

Key players, who are using a variety of methods, such as new product releases, the growth of product portfolios, and mergers and acquisitions, have a majority of the market share.

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Recent Development

Expansion

A firm called “GT’s Living Foods” has expanded the flavour options for its synergy Kombucha line in 2021. These two new summer variations, California Citrus and Lemon Berry, have drawn interest from potential customers and helped expand the client base.

Acquisition

Tetley Harris Food Group, which was originally a division of Tata Consumers Product firm, was fully acquired by US-based Harris Tea Company in April 2021, according to an announcement. The company strives to provide comprehensive end-to-end services to its clients.

Key Segments

By Flavour:

Regular
Herbs & Spices
Citrus
Berries
Apple
Coconut & Mangoes
Flowers
Others

By Sales Channel:

Food and Drink Specialty Store
Hypermarket/Supermarket
Convenience Store
Online Retail

By Packaging:

Glass Bottles
Cans

By Region:

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan
Middle East and Africa

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Baby Bottle Market: Expected Advancement with a 3.9% CAGR by 2033

The baby bottle market is estimated to be worth US$ 3.41 billion in 2023 and is projected to increase to US$ 5 billion by 2033. The adoption of baby bottles is expected to progress at a Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period.

A major opportunity, therefore is in the increased demand for sustainable and also green baby bottles. With the rise of environmental awareness, many parents are now looking for an alternative to plastic bottles that is either glass or BPA-free plastics. Brands that are able to meet this demand by providing the eco-friendly choices have a great opportunity for a competitive advantage.

There is a growing development towards the adoption of the technology in baby bottles. Emerging technologies such as smart baby bottles equipped with temperature sensors, Bluetooth connectivity, and feeding trackers are very quickly becoming popular among the parents who aim to control their kid’s feed schedule. It is therefore very possible to argue that companies investing in such innovative solutions will be able to attract the tech-savvy consumers. Personalization is one of the latest trends gaining a lot of traction in the baby bottle market. Brands providing customizable baby bottles in different colors, designs and functionality give the parents the option to make products that suit their own choices and needs therefore creating a superior user experience.

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With the rise of e-commerce and direct-to-consumer sales, brands can reach a global audience more effectively. Online platforms enable easy accessibility and personalized marketing, creating opportunities for smaller, niche brands to compete with established players. The impact of the COVID-19 pandemic has also brought about changes in consumer behavior, influencing buying patterns and product preferences. Brands that adapt to these shifting demands by offering convenient and hygienic solutions can thrive in the evolving market.

Business Growth Drivers:

Increasing birth rates and population growth: As birth rates rise globally, the demand for baby bottles also increases, driving market growth.
Growing awareness about infant nutrition: Parents are becoming more conscious about the nutritional needs of their babies, leading to a higher demand for specialized baby bottles catering to different feeding requirements.
Innovations in bottle design and materials: Manufacturers are constantly innovating to develop bottles with features that enhance convenience, safety, and functionality, such as anti-colic systems, ergonomic designs, and use of safe materials like BPA-free plastics or glass.
Rising disposable income and changing lifestyles: With increasing disposable incomes and changing lifestyles, consumers are willing to spend more on premium baby products, including high-quality baby bottles.
Expansion of e-commerce platforms: The proliferation of online retail channels allows for easier access to a wide variety of baby bottles, driving market growth through increased convenience and accessibility for consumers.

Industry Restraints:

Health concerns associated with certain materials: Despite the popularity of baby bottles made from materials like plastic or glass, there are concerns regarding the safety of plastics containing chemicals like BPA or phthalates, which may restrain market growth.
Competition from alternative feeding methods: Increasing adoption of breastfeeding and the availability of alternative feeding options such as breast pumps, formula feeding, and baby food pouches could pose a challenge to the baby bottle market.
Regulatory restrictions and standards: Compliance with stringent regulations regarding product safety, labeling, and materials may increase manufacturing costs and limit market entry for smaller players.
Economic downturns and fluctuations: Economic downturns or unstable economic conditions in key markets may lead to decreased consumer spending on non-essential items like baby bottles, impacting market growth.
Environmental concerns and sustainability: Growing awareness about environmental issues may drive demand for eco-friendly alternatives to conventional baby bottles, posing a challenge to manufacturers that rely heavily on traditional materials and manufacturing processes.

Key Takeaways from the Baby Bottle Market:

As per FMI, the United States spearheads growth in North America, with an approximate 3.8% CAGR forecasted for the period.
Baby Bottles in India is anticipated to surge at a 3.6% CAGR over the next ten years.
Germany is expected to experience robust growth at a CAGR of 3.7% by 2023.
Future Market Insights projects plastic baby bottles to dominate the material segment with a 4.2% CAGR over the next decade.
Future Market Insights predicts a 4% CAGR for plastic baby bottles.

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“The baby bottle market experiences consistent expansion, driven by rising consumer interest in eco-friendly choices and the integration of smart technology into baby bottles”, remarks an analyst at FMI.

How Key Players are revolutionizing the Baby Bottle market?

Key players are revolutionizing the Baby Bottle market through innovation and consumer-centric approaches. They prioritize safety, eco-friendliness, and convenience, introducing new materials like glass and sustainable plastics. Anti-colic and self-sterilizing features improve functionality, catering to parents’ needs. Customizable and personalized options appeal to individual preferences. Digital advancements, such as temperature sensors and feeding trackers, enhance care-giving experiences. Moreover, targeted marketing and global e-commerce expand their reach, engaging diverse audiences. As sustainability, health consciousness, and tech integration gain prominence, key players drive the market’s evolution, reshaping how parents nurture their little ones.

Key Players

Mayborn Group Ltd
Babisil International Ltd
Mason Bottle
Pura Stainless LLC
PACIFIC BABY INC
Nanobébé
Munchkin Inc.
Cherub Baby Australia
Handi-Craft Company
Steri-bottle

Product Portfolio:

Munchkin offers a diverse product portfolio of baby essentials, including baby bottles, sippy cups, feeding accessories, and safety products. Their innovative designs and focus on safety make them a preferred choice for parents worldwide.
Cherub Baby Australia’s product portfolio boasts a wide range of baby feeding and care items. From glass baby bottles and breast milk storage bags to food pouches and sterilizers, their products emphasize functionality and eco-consciousness.
Handi-Craft Company specializes in a product portfolio of baby bottles and accessories under the popular Dr. Brown’s brand. Known for their patented anti-colic technology and BPA-free materials, their offerings prioritize baby’s comfort during feeding.

More Insights Available

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

To understand opportunities in the baby bottle market, the report is segmented on the basis of Material (Plastic Baby Bottles, Stainless Steel Baby Bottles and Others), Capacity (Less than 3 oz Baby Bottles, 3-6 oz Baby Bottles, 6-9 oz Baby Bottles and More than 9 oz Baby Bottles), Price Range( High/ Premium Baby Bottles and Mid-Range/ Economy Baby Bottles), Sales Channel (Wholesalers/ Distributors, Hypermarkets/ Supermarkets, Specialty Stores, Convenience Stores, Drug & Pharmaceutical Stores, Online Stores and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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Market Segmentation

By Material :

Plastic Baby Bottles
Stainless Steel Baby Bottles
Others

By Capacity :

Less than 3 oz Baby Bottles
3-6 oz Baby Bottles
6-9 oz Baby Bottles
More than 9 oz Baby Bottles

By Price Range :

High/ Premium Baby Bottles
Mid-Range/ Economy Baby Bottles

By Sales Channel :

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Specialty Stores
Convenience Stores
Drug & Pharmaceutical Stores
Online Stores
Others

By Region :

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & 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.

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Nandini Singh Sawlani