FemTech Market Charting a 4.5% CAGR Path Towards US$ 43,406.1 Million by 2034

By 2024, the size of the femtech market sale is projected to reach US$ 27,956.4 million. The market’s compound annual growth rate (CAGR) is predicted to be 4.5% on average between 2024 and 2034.It is anticipated that the market value would have increased to US$ 43,406.1 million by the end of the projected period.

The increase in women working in technology is good for the femtech market because they are the main users of this product. Femtech is becoming popular among women, and the number of working professionals is driving up demand for wearable and practical technology.

Femtech is benefiting from the bursting of taboos regarding women’s health. Topics like menstrual health and menopause are being discussed in the open, making women less hesitant to seek out help concerning bodily health. The growth in women afflicted with STIs and STDs is also necessitating the use of femtech.

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The market faces significant challenges that hamper growth. Femtech stores and works with sensitive information regarding women, and the threat of the data being stolen keeps many people away from the technology. Femtech also faces a battle in reaching rural and underdeveloped areas where stigmas still exist and technological facilities need to be advanced.

Key Takeaways from the Femtech Market:

  • The femtech market is anticipated to be valued at US$ 27,956.4 million in 2024.
  • Consumer products are the leading products in the market. For 2024, consumer products are expected to contribute to 19.9% of the market share.
  • Menstrual health is the predominant concern for users of femtech. For 2024, menstrual health is anticipated to account for 18.0% of the market share by application.
  • India is marked to be one of the leading countries in the market. During the 2024 to 2034 period, the CAGR for India is pegged to be 6.7%.
  • Besides India, China is another promising Asian country for the market. For the forecast period, the market is expected to progress at a CAGR of 5.8% in China.
  • The market is anticipated to progress at a CAGR of 2.9% in the United Kingdom.

“Femtech is using technology to expand the scope of the market. Emerging general technologies like AI and voice assistants, as well as market-related technologies like electric breast pumps, are ensuring femtech products stay at the forefront of technology. Thus, technological advancement represents significant growth potential in the market,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Competition Analysis of the Femtech Market

The femtech market is competitive, with large-scale companies tussling with smaller counterparts for market dominance. Acquisitions, mergers, collaborations, and investment hunting are common in the market.

Key Companies in the Femtech Market:

  • Flo Health Inc.
  • Apple Inc.
  • Clue by Biowink GmbH
  • Glow Inc.
  • Google Inc.
  • Natural Cycles USA Corp
  • Withings
  • Fitbit Inc.

Recent Developments in the Femtech Market

  • In November 2023, Bayer and CrossBay Medical announced a collaboration to develop a pain-reducing intrauterine system inserter.
  • In November 2023, the MyBreastAi suite was launched by GE, combining AI capabilities with mammography.
  • In October 2023, MEDICE Health Family entered the market by acquiring Femfeel.

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Key Segments

By Product Type:

  • Diagnostics
  • Monitoring
  • Therapeutic
  • Consumer Products

By Application:

  • General Health and Wellness
  • Maternity Care
  • Menstrual Health
  • Pelvic and Uterine Healthcare
  • Cancer and Chronic Disease

By End User:

  • Direct-to-consumer
  • Hospitals
  • Surgical Centers
  • Fertility Clinics
  • Diagnostics Centers

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Pillow Cases Market Set for Growth: Forecasting a 4.8% Compound Annual Growth Rate (CAGR) by 2033

Pillow Cases Market
Pillow Cases Market

The global pillow cases market is projected to reach a market value of US$ 4.9 billion in 2023. Over the forecast period from 2023 to 2033, it is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.8%, reaching a market value of US$ 7.9 billion.

The key drivers of the pillowcase market include increasing demand for convenience and style in bedding, rising awareness about quality sleep, and a growing trend towards home decor. The pillowcases consumers are seeking out should not only be functional but also have an attractive appearance that can complement the décor of their bedrooms.

The trend in recent years has been towards sustainable and eco-friendly pillowcases made of natural materials from organic cotton and bamboo. It is because of the growing consumer consciousness towards environmental issues and demand for eco-friendly products.

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The pillowcase market is a very competitive one, with many manufacturers and suppliers providing a wide variety of products. The main market participants include companies like Ralph Lauren, Brooklinen and Parachute. Online companies like Amazon and Wayfair are also important players in the pillowcase market as they provide a variety of pillowcases at reasonable prices.

In general, the pillowcase market is forecasted to remain on an upward trend in years ahead due largely to factors including increasing preference for comfy and fashionable bedding; heightened awareness of need for quality sleep time among people etc.

Why Choose Future Market Insights

  • Serving domestic and international clients 24/7
  • Prompt and efficient customer service
  • Data collected from reliable primary and secondary sources
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  • Seamless delivery of tailor-made market research reports

Pillow Cases Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Pillow Cases market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Pillow Cases market report.

Key players covered in the report include:

  • MyPillow
  • Wendre
  • Pacific Brands
  • Pacific Coast
  • Romatex
  • Tempur Sealy
  • Fuanna
  • Luolai
  • Mendale
  • Dohia
  • Elegant Comfort
  • Shuixing
  • Yueda Home Textile
  • Mellanni Fine Linens

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Crucial Questions Answered in the Report

  • Which end-use industry remains the top consumer of Pillow Cases in different regional markets?
  • At what rate has the global Pillow Cases market been expanding during the forecast period?
  • How will the global Pillow Cases market look like by the end of the forecast period?
  • What innovative technologies are the Pillow Cases market players adopting to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Pillow Cases market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Pillow Cases market.

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Market Segmentation

By Product Type:

  • Cotton Type
  • Rayon Type
  • Silk Type
  • Others

By Application:

  • Residential
  • Hotel
  • Hospital
  • Nursing Home
  • School
  • Other

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Smart Pet Collar Market Poised for Growth: Anticipated 10% CAGR from 2023 to 2033

Smart Pet Collar Market
Smart Pet Collar Market

The smart pet collar market is expected to be worth US$ 412 Billion in 2023. Demand in the market is expected to reach US$ 1293.03 Billion by 2033, registering an 10% CAGR over the forecast period (2023-2033).

In its forthcoming market research report, Future Market Insights exposes the hidden currents and opportunities that characterize global Smart Pet Collar market. The report offers detailed analysis of the smart pet collar market based on various growth drivers, restraints, trends and challenges along with revenue generation over historical period. The information and forecast statistics provided in the Smart Pet Collar market report will assist existing as well new players to develop long-term strategies, besides ensuring business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the global automotive & transportation industry. The Smart Pet Collar market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Smart Pet Collar market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Smart Pet Collar market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

Why Choose Future Market Insights

  • Serving domestic and international clients 24/7
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  • Data collected from reliable primary and secondary sources
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  • Seamless delivery of tailor-made market research reports

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Key players covered in the report include:

  • Garmin
  • Whistle
  • Fit Bark
  • Findster
  • Link AKC
  • KYON
  • Tractive
  • Pet Pace
  • PETBLE
  • Find My Pet
  • DOTT, and others

Crucial Questions Answered in the Report

  • Which end-use industry remains the top consumer of Smart Pet Collar in different regional markets?
  • At what rate has the global Smart Pet Collar market been expanding during the forecast period?
  • How will the global Smart Pet Collar market look like by the end of the forecast period?
  • What innovative technologies are the Smart Pet Collar market players adopting to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Smart Pet Collar market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Smart Pet Collar market.

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Smart Pet Collar Market Segmentation

The global smart pet collar market can be categorized on the following basis:

On the Basis of Product Type

  • GPS Based
  • Radio Based
  • Others

On the Basis of Application

  • Training
  • Tracking
  • Monitoring

On the Basis of Component

  • Displays
  • GPS Chips
  • Bluetooth Chips
  • Sensors

On the Basis of Sales Channel

  • Online Sales Channel
  • Offline Sales Channel
  • Multi-Brand Stores
  • Supermarkets/ Hypermarkets
  • Other Sales Channel

On the Basis of Price

  • Mass/ Economic
  • Premium

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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White Mulberry Leaves Extract Market Seeks Valuation of US$ 141.59 Billion by 2032, Soaring with a 13% CAGR | FMI

The global white mulberry leaves extract market is predicted to create an absolute dollar opportunity over the forecast period by advancing at a CAGR of 13% from 2022 to 2032. The market is set to be appraised at US$ 141.59 billion by 2032, up from US$ 41.71 billion in 2022. White mulberry leaf extract consists of several medical properties. Furthermore, white mulberry trees are vital for silkworm rearing, with leaves serving as the food for worms

Belonging to the Moraceae family of plants, white mulberry trees thrive in temperate regions and are increasingly being cultivated. The diverse array of benefits associated with white mulberry leaf extracts has led to their burgeoning popularity over the evaluation period, with these extracts, derived from the leaves, recognized for their therapeutic advantages.

The escalating global demand for mulberry leaf extracts is driven by a growing population’s inclination towards incorporating this product into their lifestyle. Mulberry leaves contribute to health management and the pursuit of a balanced lifestyle. Moreover, the market expansion of white mulberry leaf extracts is fueled by a myriad of health benefits, including the potential to lower blood sugar levels, regulate insulin, aid in weight loss, enhance heart health, and more. Consequently, the market share of white mulberry leaf extracts is poised for a significant increase during the forecast period.

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Key Takeaways

  • The global white mulberry leaves extract is known to have medicinal and therapeutic properties. The leaves of white mulberry are rich in biologically active compounds. They have been a vital part of Chinese medicines for centuries.
  • The burgeoning demand for naturally-sourced nutraceuticals is anticipated to be a primary factor driving the white mulberry leaves extract market to augment. Furthermore, the growth of health-conscious consumers is fuelling market growth.
  • White mulberry leaves extract has dietary fibres, which is helping in lowering blood insulin levels, and blood pressure, decreasing heart attack risks, along with improving gut health and blood circulation amongst the populace.
  • White mulberry leaves extracts are excessively being utilized in the cosmetic industry attributed to their high demand for anti-aging and skin-lightening products. These extracts are also rich in anti-inflammatory properties, and the antioxidants inhibit cellular damage created during food digestion and radiation exposure.
  • Hefty investments have been made in white mulberry plantations all over the globe which is predicted to bolster the production of white mulberry leaf extracts. They are being used in an assortment of industries like pharmaceuticals, food, cosmetics, sericulture, and personal care.
  • Intensified research and developments are taking place for the extraction of mulberry leaves extract, which is likely to make a significant contribution to the market proliferation for this product.
  • White mulberry leaves extracts to have high protein content, which is anticipated to be used as a pesticide. According to a recent study, the protein extract of white mulberry leaves extract can be used for the commercial production of natural pesticides to protect the plants.
  • Favorable government regulations and their support in several places have extended support for the development of the global white mulberry leaves extract market. These aforementioned factors are anticipated to significantly contribute to the market.

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Competitive Landscape

Major players in the global white mulberry leaves extract market are focusing on capitalizing on plenty of benefits extracted from the market. The extract is a good supplement for blood glucose regulation which is rapidly being included in the healthcare sector as well. Moreover, the pervasive trend of using white mulberry leave extract in the cosmetics industry is also a promising market.

More Insights into the White Mulberry Leaves Extract Market

Asia Pacific, North American, and European regions are expected to dominate the global white mulberry leaves extract market across the evaluation period. The highest production is found in China, India, Japan, and Korean markets.

Maximum demand for white mulberry extracts is found in these regions due to its vast cosmetic industries, owing to the whitening effect provided by the extracts. In the European market, mulberries are treated as a superfood and the demand is derived from the regional dietary supplements sector.

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Key segments profiled in the White Mulberry Leaves Extract Market

By Type:

  • Organic
  • Conventional

By Form:

  • Powder
  • Liquid
  • Capsule

By Application:

  • Food and Beverage
  • Cosmetics and Personal Care
  • Nutraceuticals
  • Pharmaceuticals
  • Others

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Aluminum-Free Natural Food Color Market Paints a Bright Future, Aiming for US$ 4.08 Billion by 2032, Accelerating with a 6.88% CAGR

Aluminum-Free Natural Food Color Market
Aluminum-free Natural Food Color Market

The global aluminum-free natural food color market is forecasted to be appraised at US$ 4.08 billion by 2032, up from US$ 2.17 billion in 2022, advancing at a CAGR of 6.88% during the forecast period.

Coloring additives or food colors encompass dyes, pigments, and substances responsible for imparting color to food and beverages. These additives, available in liquid, gel, and powder forms, find application in both commercial and household food and beverage production.

The correlation between the color and taste of food products remains significant for consumers. Consequently, food and beverage companies are increasingly incorporating food coloring to enhance the visual appeal and marketability of their products. In this context, aluminum lakes are gaining popularity in food coloring production due to their dispersible nature, allowing them to seamlessly blend with oil, fat, propylene glycol, glycerin, and water. Despite this trend, growing concerns about the potential adverse effects of aluminum consumption on human health are driving a demand for natural food colors.

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Health Concerns Surrounding Prolonged Aluminum Consumption to Uphold Market Growth

Although aluminum has been approved for use in food coloring, it is widely identified as a neurotoxin proven to impact over 200 biological functions of the body. The metal accumulates in the human system over periods of time and can have adverse consequences on human health. Numerous studies suggest that prolonged accumulation of aluminum in the body can potentially cause neurodegenerative diseases such as dementia, Alzheimer’s disease, Parkinson’s, and amyotrophic lateral sclerosis (ALS).

In addition, aluminum competes with other minerals for absorption into the bloodstream. This can significantly deter calcium absorption in bones and impact skeletal mineralization. Further, studies have linked the accumulation of metal in the body to the development of autism and slowdown of growth in kids. Growing awareness about the adverse impact of aluminum on human health is prompting food and beverage companies to seek alternatives to food color containing aluminum.

A recent development complementing the trend was the release of a survey conducted Federal Institute of Risk Assessment, Germany which revealed that approximately half of the German population avoids the use of aluminum-based products. The factor is estimated to play a vital role in aluminum-free natural food color market growth during the forecast period.

Coupled with the growing awareness about the adverse impact of aluminum on human health, the trends are expected to drive food processing companies to replace artificial and synthetic coloring with their natural alternatives.

Additionally, the burgeoning demand for naturally sourced ingredients for food products and the widespread consumer perception associating natural with healthy is driving manufacturers to increasingly replace aluminum-based food coloring in their products.

The factor is expected to contribute significantly to the aluminum-free natural food color market growth with consumers increasingly preferring brands which provide detailed insights into their supply chain management.

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Innovations in Natural Food Color Development to Drive Adoption

Aluminum lakes find widespread usage in the production of blue pigment for food coloring. Intensifying research and development towards finding natural sources for blue color is likely to accelerate adoption of aluminum-free natural food color.

For instance, recent research in the area is studying the potential of deriving blue color from fungal, animal, and microbial sources. In addition, the aluminum-free natural food colors are also finding widespread adoption in the food and beverages industry owing to the nutritional benefits offered by them which are central to marketing campaigns of companies vying to capitalize on the burgeoning demand for natural products. Technical breakthroughs in the production of natural food colors are further expected to underpin aluminum-free natural food color market growth.

For instance, Phytolon, an emerging company in the food color market, obtained the license for using plant-based genes known as betalains for the production of a variety of natural colors. The company revealed that they will be leveraging a novel technique employing the use of yeast for the commercial production of natural food color. Burgeoning investments in natural food color production and accelerated sophistication of production processes is estimated to fuel aluminum-free natural food color market growth.

Inefficient Functionality and Lower Shelf-life of Natural Colors to Dent Sales

Natural food colorings are unstable and exhibit low heat resistance. In addition, the coloring can fade easily and undergo a change in properties when subjected to light and different pH levels. Being derived from natural sources, natural food coloring can cause allergic reactions.

Furthermore, the overall cost of production of natural food colors is substantially higher than its synthetic counterparts. The requirement of a vast amount of raw materials in plants, fruits, and other natural sources makes the production of natural colors both expensive and non-sustainable.

These factors are restraining the widespread adoption of natural colors in commercial food processing and continue to pose a daunting challenge to manufacturers operating in the aluminum-free natural food color market.

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Aluminum-free natural food color market – Notable Highlights

Naturex, a key player in the aluminum-free natural food color market, launched a new line of natural food colors named “Vegebite Ultimate Spirulina”. The product line features blue and green colors sourced from spirulina for confectionary and beverages with the colors being available in liquid and powder form.
Increasing collaborations in the aluminum-free natural food color market received a huge boost when Exberry and GNT group launched the Sunshine Shades range of natural food coloring. Under the product line, the company will be launching natural colors ranging from bright yellow to dark orange which can potentially replace yellow food coloring manufactured using aluminum lakes.

The trend for significantly reducing the use of aluminum lakes in food color manufacturing saw another key development when Roha announced the launch of its Natracol Vibra Yellow color for use in the food products such as gummies, candies, and dairy products.

Aluminum-free Natural Food Color Market Segmentation
On the basis of type, the aluminum-free natural food color market can be segmented into:

Beta Carotene
Astaxanthin
Annatto
Curcumin
Spirulina
Carmine

Based on the end-use application, the aluminum-free natural food color market can be segmented into:

Processed/Frozen food products
Beverages
Dairy Products
Bakery and Confectionary Products
Other

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Food Coating Ingredients Market Targets US$ 3.5 Billion in 2022, Surging with a 6.4% CAGR | FMI

Food Coating Ingredients Market
Food Coating Ingredients Market

By 2022, the food coating ingredients industry is projected to be worth US$ 3.5 billion, growing at a 6.4% CAGR between 2022 and 2032. Sales of food coating ingredients are predicted to make up 27% of the entire food coating market.

Future Market Insights, in its new offering, brings credible insights into the growth prospects of the food coating ingredients market. Several food coating ingredients continue to find application in a wide variety of substrates ranging from seafood to plant proteins, thereby exerting crossover appeal in conventional and vegan markets as well as in products developed for consumption out or at home.

Food coating ingredients are used in a variety of applications, including snacks, meat, bakery items, and morning cereal. Due to the fast-changing lifestyles of consumers as a result of rapid urbanization, high demand for ready-to-eat and ready-to-cook meat, bakery products, and confectionery products, will propel the demand in the market.

Food coating ingredient sales grew at a CAGR of 6.0% between 2017 and 2022, according to Future Market Insights (FMI). Preference for protein-based foods, the rising popularity of frozen foods, and increased snacking frequency are boosting the demand for food-coating ingredients in the market.

As consumers are starting to avoid certain types of fats, including saturated fats and partially hydrogenated oil, manufacturers of coated food products tend to be agile and responsive to consumers’ changing needs. As such, they innovate rapidly, offering tasty, novel, sustainable, and better-for-you options for consumers.

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Food Coating Ingredients Market Players — Key Insights

Some of the key players operating in the food coating ingredients industry include Tate & Lyle Plc, Döhler Group, Cargill, PGP International Inc., Agrana Group, and Archer Daniels Midland Company.

  • In November 2019, Tate & Lyle, a provider of food & beverage ingredients and solutions, announced the opening of its new and expanded Latin American headquarters in Sau Paulo, Brazil. The new application center includes a pilot plant and state-of-the-art experimental kitchen which will help manufactures develop products that fulfil growing consumer preferences for healthier, tastier food and beverages.
  • In November 2019, Cargill-Royal DSM joint venture, Avansya, started commercial-scale production of EverSweet™, a non-artificial, zero-calorie stevia sweetener at new fermentation facility in Nebraska, U.S.
  • In November 2019, Agrana Group, a key player in the food coating ingredients market, announced the construction of its second wheat starch processing plant at the site of its biorefinery in Pischelsdorf, Austria. Through the new project, the company is aimed at twofold production capacity of wheat starch.

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Key Factors Influencing Food Coating Ingredients Market

  • Combining Functionality and Flavor with Texture Appeal

Growing popularity of fried foods among consumers demanding convenience yet healthy options remains a key factor fueling innovation in the food coating ingredient space. Despite recent emphasis on low carbs, rising cases of obesity, and corresponding concerns over frying, a wide range of coated food products continue to penetrate the marketplace. The result is expected to lead to increased demand for food coating ingredients. In addition to ingredients designed for increased functionality and improving the quality of coated food products, manufacturers are targeted towards delivering a variety of new flavors, texture, appearance, and mouthfeel

  • Significant Growth in Demand for Ready-to-Eat Food

With convenience meals catering for every occasion, breakfast drinks to lunchtime, all the way through to dinner time meals, technology-enabled delivery for prepared and ready-to-eat meals has increased exponentially over the last few years. Today, hectic schedules are changing how, where, and when time-poor consumers eat, thereby potentially raising the demand for ready-to-eat food as well as frozen ready meals. This, in turn, is projected to remain instrumental to sales of food coating ingredients.

  • Strong Focus towards Aligning with Clean Label Trend

In period of alternatives rather than omissions, consumers are gradually moving away from fad diets and eliminating several food groups and inclining towards a more balanced approach of eating. As food security issues continue to rise and consumers’ inquisitiveness about foods and their sources increases, manufacturers are focusing on providing novel ingredients to eliminate allergens and to be more clean-label friendly. For instance, gluten-free coating ingredients are garnering significant traction, on the account of rise of gluten intolerance and association of gluten-free products with diets such as Paleo.

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Food Coating Ingredients Market by Category

By Ingredient:

  • Cocoa & Chocolate
  • Fats & Oils
  • Flours
  • Breeders
  • Batter
  • Sugars & Syrups
  • Salts, Spices, and Seasonings
  • Others

By Form:

  • Dry
  • Liquid

By Application:

  • Meat & Seafood Products
  • Confectionery Products
  • Bakery Products
  • Bakery Cereals
  • Snacks

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Nitrogenated Coffee Market Frothing Up with a 4.1% CAGR to Reach US$ 60 Billion by 2032, Fueled by Food & Beverage Industry Demand

Nitrogenated Coffee Market

Global nitrogenated coffee demand is anticipated to be valued at US$ 40 Billion in 2022, forecast to grow at a CAGR of 4.1% to be valued at US$ 60 Billion from 2022 to 2032. Growth is attributed to increased demand for nitrogenated coffee in the food & beverage industry.

Nitrogenated coffee is the type of ready-to-drink (RTD) coffee which is infused with nitrogen for tiny, soft bubbles that create a rich flavor with a creamy head and slightly natural sweet taste comparable to the Guinness stout. With the increased consumer interest in the ‘coffee shop culture,’ ready-to-drink coffee is in high demand.

One of the advantages offered by the nitrogenated coffee is the lower acidic content, which makes it suitable for people with a sensitive stomach, lowering the risk of heartburn or acid reflux.

The lack of time to spend in the coffee shop to enjoy luxuriously a hot cup of coffee is leading to a shift in the behavior of the consumer to opt for canned ready-to-drink nitrogenated coffee. Organic, shelf-stable, handcrafted beverages and low calories are some of the attractive features of the nitrogenated coffee.

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Nitrogenated Coffee: ready-to-drink coffee 

Nitrogenated coffee, a ready-to-drink, is becoming a popular trend among the populace due to the convenience and instant nature of the product, especially in the people having time restraint in their busy schedule. Emerging brands have taken the advantage of the shift in the consumer behavior with the vast range of flavors of nitrogenated coffee to appeal the shop goers.

Due to increased health concerns throughout the world, consumption of soft drinks are facing a decline in the sales, this acts as a driver for the nitrogenated coffee market growth. Also, the infused nitrogen imparts the natural sweetness to the drink, it gives the perception of sweetness without the actual need of the sugar. This factor makes the nitrogenated coffee popular among the gym-goers.

Global Nitrogenated Coffee market: Key players 

Stumptown Coffee Roasters, Rise Brewing Co., Coffee Company, Starbucks Corporation, Lucky Jack, Califia Farms, Caveman Coffee Co., Convergent Coffee Co., Blackeye Roasting Co. are among the key players in the global Nitrogenated coffee market.

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Global Nitrogenated Coffee market: Key developments 

In July 2018, Convergent Coffee Co. announced new brand design for its nitrogenated coffee product to elevate overall appearance to attract consumers. The product is nitro-infused, heavily-caffeinated, certified organic and Fair Trade, and low calories

Rise Brewing Co. introduced new nitrogenated coffee products in the nitro cold brew coffee line in September 2018, including oat milk, classic latte, and mocha latte.

Manufacturers are offering nitrogenated coffee with low calories, free of dairy and sugar, and handcrafted options, considering the current market trend of health consciousness. With the technological developments, cost-effective techniques are being developed to produce a supreme quality product with improved long shelf-life of the nitrogenated coffee.

Global Nitrogenated Coffee market: Opportunity 

RTD coffee has seen increasing sales in the North American and European market, which are the dominant markets for the global nitrogenated coffee market. The Asia Pacific is an emerging market for the nitrogenated coffee and is expected to present high potential.

Also, strategic marketing of the nitrogenated coffee in the promising market such as Asia and South America will help boost the niche market. The producers of the RTD are particularly targeting youth who enjoys and has a craze for the new and innovative taste, India and China presents a promising market for nitrogenated coffee.

Although nitrogenated coffee market is dominated by large manufacturers, small, and medium-sized roasters are currently recording fastest growth.

Key Data Points Covered in the Nitrogenated coffee Report 

  • An overview of the global Nitrogenated coffee market, including background and advancement.
  • Macroeconomic factors affecting the Nitrogenated coffee market and its potential.
  • Market dynamics, such as drivers, challenges, and trends.
  • Detailed value chain analysis of the Nitrogenated coffee market.
  • The cost structure of and segments covered in the study.
  • In-depth pricing analysis, by crucial Nitrogenated coffee segments, regions, and by major market participants.
  • Analysis of supply and demand the Nitrogenated coffee, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
  • Analysis of the market structure, including a tier-wise categorization of key market participants of Nitrogenated coffee market.
  • Competitive landscape of the market, including detailed profiles of the top players in the Nitrogenated coffee market.

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Regional analysis of the Nitrogenated coffee market includes 

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
  • Eastern Europe (Poland, Russia, Ukraine, Rest of Eastern Europe)
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the Nitrogenated coffee market.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors of the Nitrogenated coffee market, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies of Nitrogenated coffee.

Nitrogenated Coffee market segmentation 

Nitrogenated Coffee starch market segmentation on the basis of flavors: 

  • Oat milk
  • Classic latte
  • Mocha latte
  • Coconut
  • Vanilla
  • Other

Nitrogenated Coffee market segmentation on the basis of packaging: 

  • Cans
  • Glass bottles

Nitrogenated Coffee market segmentation on the basis of the distribution channel: 

  • Convenience stores
  • Specialty stores
  • Supermarkets/hypermarkets
  • Online retailers

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Durian Powder Market Sets Sights on US$ 642.4 Million by 2032, Embracing a Remarkable 10.1% CAGR

Durian Powder Market

The global durian powder market is anticipated to reach a valuation of US$ 642.4 million by 2032, with sales growing at a robust CAGR of 10.1% from 2022 to 2032. Valued at US$ 150.4 million in 2021, the market reached US$ 287.9 million in 2022. Factors like the growing awareness about the benefits of durian such as maintenance of blood sugar levels and antidepressants are responsible for the prominent growth of the durian powder market during the forecast period.

Durian, an edible fruit of several tree species belonging to the Durio genus, produces durian powder. Durians are frozen, dried, and then ground into powdered form and this powder contains various health benefits. Durian powder contains dietary fiber which improves the functioning of different systems in the body. This factor augments the global sales of the durian powder market during the assessment period.

The rising demand for durian-based products especially among the geriatric population to manage their heart health is another aspect that propels the market forward over the upcoming years. In addition, the escalating focus of market players on the expansion of their online distribution channels is also anticipated to aid the growth of the durian powder market.

The surging demand for durian-flavored bakery and confectionery products, particularly in Singapore, Malaysia, China, and Thailand is estimated to boost the global durian powder market growth during the next couple of years. For instance, in September 2021, Cadbury Dairy Milk re-launched Cadbury Dairy Milk Durian, the most popular localized limited-edition flavor in the Malaysian market. The popular chocolatier strived to pay tribute to Malaysian cultures and flavors, following the success of Cadbury Dairy Milk Durian in August 2020.

Likewise, in September 2021, Fann Wong, a famous actress based in Singapore, released Fanntasy, her new online pastry shop after a substantial period of trial and error experimentation. Fanntasy, the pastry shop, offers two inventive whole tarts, namely, Signature Valrhona Chocolate Tart and Musang King Gula Melaka Tart. The release of similar distinctive products imbued with durian powder are anticipated to drive the growth of the durian powder market during the forecast period.

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Key Takeaways:

  • High sugar and calorie content may stymie the growth of the durian powder market during the assessment period.
  • Asia Pacific’s durian powder market will lead the global marketplace owing to surging import and export activities in China.
  • It is estimated that about 90% of durians imported by China were from Thailand and these numbers are expected to rise rapidly over the next couple of years.
  • Increasing demand for durian-flavored tea and coffee boosts the North American durian market.

Competitive Landscape 

Sunshine International, TanTan Food, Thai Foods International, Naturalin, Siam Oriental food and Beverage, THAI AO CHI FRUITS, and Jinhua Huayang Foods among others are some of the key players in the durian powder market profiled in the full version of the report.

Prominent market players are concentrating on enhancing their supply chains by adopting traceability systems across these chains. Focus on improving the quality and sustainability of the products is an important tactic of these players. These firms also employ partnerships and agreements to enhance their market footprints.

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More Insights into Durian Powder Market 

In its latest report, FMI offers an unbiased analysis of the global durian powder market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of end-use, distribution channel, and region.

According to the same reports, based on segmentation, the bakery and confectionery segment is expected to account for a considerable portion of the market. In terms of distribution channels, online stores will contribute substantially to the durian powder market growth.

Based on region, the durian powder market in the Asia Pacific region will exhibit remarkable growth during the forecast period. Countries like China, Thailand, and Malaysia will make impressive contributions to the target market growth. Asia Pacific is considered to be the largest producer and consumer of durian powder in the world. Besides Asia Pacific, North America will also witness notable growth in the durian powder market due to the high demand for durian flavored tea and coffee. Thus, Asia Pacific and North America will stimulate growth in the durian powder market during the forecast period.

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Key Segments Profiled in the Durian Powder Industry Survey

By End Use:

  • Desserts & Ice-creams
  • Soft Drinks
  • Bakery
  • Confectionery
  • Snacks
  • Powder Premixes
  • Others

By Distribution Channel:

  • Hypermarkets & Supermarkets
  • Online Channel
  • Convenience Stores
  • Departmental Stores
  • Indirect Sales

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cheese Alternatives Market Surging with an 8.3% CAGR to Reach USD 9.6 Billion by 2032

Cheese Alternative Market

The global cheese alternative market is expected to reach a market valuation of USD 4.3 Billion by the year 2022, accelerating with a CAGR of 8.3% by 2022 to 2032, to reach a value of USD 9.6 Billion by 2032.

Cheese alternative market size accounted for 20% of the overall non-dairy market globally in 2022 and is expected to rise due to changes in consumer lifestyle and an increase in disposable income.

The cheese alternative market outlook is projected to grow as consumers are on the lookout for healthy alternatives to dairy products due to the rise in cases of obesity & hypertension and adopting a healthy lifestyle to stay fit and improve their quality of life.

Therefore, the demand for cheese alternative products is likely to increase in the marketplace by end-users.

Consumers are purchasing products made from natural ingredients that do not contain animal-derived products. These factors are expected to positively influence the sales of cheese alternative products during the forecast period.

Many companies in the cheese alternative market are investing in developing products with a high nutritional profile but maintaining the conventional taste and texture of products. Cheese is an essential ingredient in different food products consumers ingest throughout the day.

It is harmful to consume cheese in higher amounts as it contains fats. As a result, consumers are searching for substitutes with better national value and low fats. Therefore, the demand for cheese alternative products is expected to rise in the near future.

Demand for cheese alternative products is likely to be high in North America and Europe due to the easy availability of cheese alternatives at affordable prices.

Consumers are aware of the benefits of maintaining good health and are preventing food products that adversely affect their health which is likely to boost the cheese alternative market growth in the forecast period.

To utilize the shift in consumer preference, key players are launching different plant-based substitutes of cheese that are GMO-certified and gluten-free. Furthermore, due to these factors, the sales of cheese alternative products are anticipated to rise throughout the forecast period.

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Key Takeaways from Market Study

  • The cheese alternative market statistics are expected to increase at a CAGR of 6.7% and 6.4% in North America and Latin America, respectively, through 2032.
  • The Asia Pacific is expected to account for 20% of its market share during the assessment year.
  • The European cheese alternative market share is expected to reach the US$ 84 Mn by 2032.
  • Growing customer preference for healthy and wholesome diets is driving sales of cheese alternative products globally.
  • By Form Type, the cheese dips hold the highest cheese alternative market trends and are expected to increase at a CAGR of 7% during 2022-2032.

“Consumers are emphasizing on maintaining good health by consuming products that do not contain high amounts of fats, sugar and carbohydrates. Companies that interpret change in consumer need for healthy food alternatives are expected to generate more revenue in long run. Key players are focusing on developing plant- based alternatives that do not contain any chemical ingredients”- Analyst at Future Market Insights.

Competitive Landscape

Key players in the cheese alternative market are collaborating and developing new product lines to penetrate untapped markets during the forecast period.

  • Tofurky, the iconic vegan brand, is likely to expand its Moocho sub-line with additional vegan cheese products. Three types of vegan cheese shreds (Mozzarella, Cheddar, and Fiesta Blend) and three flavors of cream cheese are among the new goods (Plain, Garden Vegetable, and Strawberry).

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Cheese Alternative Market by Category

By Source, Cheese Alternative Market is Segmented as:

  • Analogue Cheese
  • Filled Cheese
  • Tofu-Based Cheese

By Application, Cheese Alternative Market is Segmented as:

  • Cheese Topping
  • Cheese Dip
  • Cheese Sauce
  • Ready Meals
  • Bakery
  • Others

By Sales Channel, Cheese Alternative 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, Cheese Alternative Market is Segmented as:

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

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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:

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