Market Research Blog – Page 3454 – New Product Development

FMI Poised to Lead the Charge in Booming CMO/CDMO Market Projected to Reach US$ 39.4 Billion by 2033

The global CMO/CDMO market is on track for significant growth, with a projected valuation of US$ 39.4 billion by 2033, according to a recent industry forecast. This represents a remarkable surge from the estimated US$ 22.5 billion market size in 2023, reflecting a compelling Compound Annual Growth Rate (CAGR) of 5.7% over the next decade.

This phenomenal growth is attributed to a major shift within the pharmaceutical sector. Companies are increasingly outsourcing critical services, fueling the demand for CMOs (Contract Manufacturing Organizations) and CDMOs (Contract Development and Manufacturing Organizations). FMI, a prominent player in this field, is strategically positioned to capitalize on this expanding market and drive innovation across the evolving pharmaceutical landscape.

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Key Takeaways:

Over the historical period, the worldwide market grew at a CAGR of 5.3%.
The Indian market is expected to expand at a CAGR of 5% in the coming decades.
In 2022, North America had a share of the global revenue of more than 17.6%.
Over the next few decades, the Chinese market is expected to grow at a CAGR of 5%.
In 2022, the contract manufacturing segment held 69.28% of the market.

Competitive Landscape:

The vendor landscape in the CMO/CDMO market is consolidated. There is a continuing need for research and development, which is still a key strategy among market players. Strategic collaborations are another common strategy used to gain a competitive advantage

An authorization and distribution consent revision between Societal CDMO and Lannett Firm for marketing Verapamil PM and Verelan SR products was executed in July 2022. Societal CDMO is a contract creation and manufacturing organization (CDMO) that emphasizes in the invention and production of small molecules. In conjunction with a ten percent spike in the earnings share portion of revenue from Verapamil PM selling, society is going to observe both instantaneous and anticipated price hikes in development.
MilliporeSigma, Merck KGaA’s U.S. and Canada Life Science enterprise, doubled its capability for making high-potent active pharmaceutical ingredients (HPAPI) in June 2022 with the establishment of the facility in Verona, close to Madison, WI. The US$ 65 million, 70,000-square-foot complexes will hire 50 individuals in the community.

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Key Companies Profiled:

Swiss American CDMO
Pierre Fabre Group
Zymo Cosmetics
Fareva, Biofarma Srl C.F
Chemineau, C.O.C.
Farmaceutici Srl
Paragon Nordic Cosmetic Solutions
Kolma
Lonza
Cho Chuang Industrial Co., Ltd.
Vive Cosmetics
Ori BioNature Sdn Bhd
Zoic Cosmetics
Samriddhi Life Sciences
Natrocare

Key Segments Profiled in the CMO/CDMO Market Report:

By Service:

Contract Development
- Formulation development
- Pilot studies
Contract Manufacturing
- Bulk preparation & scale up
- Safety Testing
- Filling & Packaging
- Close jars
- Bottles
- Tubes
- Roll-ons
Others

Product:

Hair Products
Skin Products
Lip Products
Eye Products
Body Hygiene
Oral Hygiene

Form:

Solid Form & Powder
Lotions
Creams
Others

Region:

North America
Latin America
Europe
Asia Pacific
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:

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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Ultra Short Base Line Positioning Systems Market Growth: Industry Rising to US$ 256.8 billion by 2033

In the vast underwater realm, precise navigation and positioning are crucial for various operations. Ultra-Short Baseline (USBL) positioning systems have emerged as a vital tool for subsea tasks, offering accurate location tracking for divers, ROVs (Remotely Operated Vehicles), and other submerged objects. Let’s dive into the current scenario of the USBL market, explore its future potential, and uncover the exciting opportunities it presents.

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Current Scenario: A Steadily Growing Market

The USBL market is experiencing steady growth, driven by several key factors:

Expanding Oceanographic Research: Increased research activities in marine biology, underwater archaeology, and resource exploration necessitate precise subsea positioning.
Growth of the Offshore Oil and Gas Industry: USBL systems play a critical role in offshore oil and gas exploration, platform positioning, and subsea infrastructure maintenance.
Advancements in Subsea Robotics: The growing use of ROVs and Autonomous Underwater Vehicles (AUVs) for various tasks relies heavily on USBL for accurate navigation and tracking.
Focus on Underwater Defense and Security: USBL systems are used for underwater target detection, mine countermeasures, and maritime security applications.

Benefits and Advantages of USBL Systems:

High Accuracy: USBL offers precise positioning data for subsea objects, even in challenging underwater environments.
Real-Time Tracking: Continuous data transmission allows for real-time monitoring of subsea vehicle movement and positioning.
Versatility: USBL systems can be used in various depths, from shallow coastal waters to deep ocean environments.
Compact and Portable: Modern USBL systems are becoming more compact and portable, making them easier to deploy.

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Challenges and Considerations:

While offering significant benefits, USBL systems face some challenges:

Environmental Impact: Underwater noise from USBL signals can potentially affect marine life. Environmentally friendly solutions are being developed.
Signal Interference: Signal interference from other acoustic sources can impact accuracy, requiring careful deployment strategies.
Cost Considerations: High-performance USBL systems can be expensive, though advancements are leading to more cost-effective options.

Future Scope and Opportunities:

The future of USBL systems is promising, with several exciting opportunities on the horizon:

Miniaturization and Lower Costs: Advancements in technology could lead to smaller, more affordable USBL systems, expanding their accessibility.
Integration with Other Technologies: Seamless integration with inertial navigation systems (INS), GPS (for surface positioning), and other subsea sensors will enhance data accuracy and functionality.
Improved Communication Protocols: Development of advanced communication protocols could minimize signal interference and improve data transmission efficiency.
Focus on Sustainability: Research and development efforts are underway to create quieter USBL systems with minimal environmental impact.

Pulmonology Devices Market Expected to Reach US$ 3.8 Billion by 2033, Driven by Aging Population and Rising Respiratory Disease Rates

The global pulmonology devices market is experiencing significant growth, fueled by the increasing demand from an aging global population. According to a recent market projection, the market size is poised to reach US$ 1.4 billion by the end of 2023 and is expected to surge to a staggering US$ 3.8 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 10.3% over the next decade.

This upward trend is attributed to two key factors: a growing elderly population and a concerning rise in respiratory illnesses. The World Health Organization (WHO) reports that, as of March 1, 2021, there were a staggering 113,820,168 documented cases of respiratory diseases worldwide, resulting in an estimated 2,527,891 deaths. These statistics highlight the critical need for innovative solutions and advanced technologies within the pulmonology device industry.

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This growth in the pulmonology devices market presents exciting opportunities for manufacturers and developers of respiratory equipment. By focusing on creating new and improved devices that address the specific needs of an aging population and the rising burden of respiratory diseases, companies can play a vital role in improving patient outcomes and the overall health of the global community.

Key Takeaways Pulmonology Devices Industry:

In 2023, the global market is expected to be worth US$ 1.4 billion.
Over the next few decades, the Indian market is anticipated to grow at a CAGR of 10.9%.
In 2022, North America had a revenue share of more than 32%.
Over the next few decades, the market in the United Kingdom is expected to grow at an 8.7% CAGR.
In 2022, the segment lung cancer held a market share of 30.82%.

”As a result of the increasing prevalence of pulmonary disease, there is a greater need for cutting-edge methods for precise diagnosis and treatment. Some of the most prevalent drivers of respiratory conditions are inhaling nicotine, air pollution, and industrial and chemical pollutants, which reduce air quality and raise the geriatric population.” says FMI analyst.

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Competitive Landscape Pulmonology Devices Industry:

Some of the market’s strongest competitors are making investments in studies and research (R&D) in order to facilitate the provision of an extensive selection of leather manufactured in a variety of colors and substances for a variety of applications. Companies hope to keep up with the changing environment by doing so. For instance,

Noah Medical, a California-based medical robotics startup, declared on Wednesday that it has raised $150 million in additional financing for April 2023. Softbank Vision the fund and Prosperity7 Ventures co-led the funding initiative. The shareholders in the round included Hillhouse Capital, Sequoia Capital China, and UpHonest Capital.
FUJIFILM India revealed a collaboration with the Department of Pulmonary Medicine, Thoracic Oncology Disease Management Group, Tata Memorial Centre (TMC), Mumbai, in April 2023. The collaboration intends to build an educational center at TMC.

Leading Companies Operating In The Market Are:

Boston Scientific Corporation
CONMED Corporation
Olympus Corporation
Cook Medical Incorporated
Medi-Globe GmbH
Ambu A/S
Verathon, Inc
United Medical Surgical Services Ltd
Hunan Vathin
Micro-Tech (Nanjing) Co., Ltd
Merit Medical Systems

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Pulmonology Devices Industry by Category:

Product:

Pulmonary Biopsy Devices
- Single- Use Biopsy Forceps
- Cytology Brushes
- Microbiology Brushes
Endobronchial Ultrasound (EBUS) Needles
- Endobronchial Ultrasound Fine Biopsy Needles
- Endobronchial Ultrasound Transbronchial Aspiration Needles
Airway Stents
- Silicon Stents
- Nitinol Stents
- Stainless Steel Stents
Airway Extraction Baskets
Single-Use Bronchoscopes

Indication:

Lung Cancer
COPD
Foreign Body Extraction
Tracheal and Bronchial Stenosis
Others

End User:

Hospitals
Pulmonology Clinics
Ambulatory Surgical Centers

Region:

North America
Latin America
Europe
Asia Pacific

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Beverage Flavoring Agent Market Hits USD 4.5 Billion in 2022, Aiming for USD 7.8 Billion by 2032 with a 5.7% CAGR

The global market for Beverage Flavoring Agents is poised for growth with a projected Compound Annual Growth Rate (CAGR) of 5.7%, reaching a valuation of US$ 7.8 billion by 2032.

The growth of the beverage flavoring agent market is driven by the increasing consumption of carbonated soft drinks, functional beverages, and juices. Flavoring systems have a significant impact, especially in the carbonated soft drink and juice sectors. To cater to evolving consumer preferences for unique tastes, flavor manufacturers constantly introduce new flavors to meet the changing demands of the market.

Beverage applications utilize a wide range of flavors to create sophisticated and aromatic tastes. For instance, the combination of fruit and vegetable flavors with beverages like chocolate shakes and coffee produces a sweet and spicy, warm fall flavor.

Moreover, once these products reach the intestine, they undergo fermentation by gut microflora, resulting in the production of metabolites that are highly bioavailable. This process improves energy levels and helps balance the body’s metabolism. The medicinal properties of these products also contribute to enhancing the digestive system, driving the growth of the beverage flavoring agent market as a supplement to the food and beverage industry.

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Key Takeaways from Market Study

The beverage flavoring agent market is worth of US$ 4.5 Bn sales in 2022.
The beverage flavoring agent market is expected to expand at CAGRs of 5.7% through 2032.
Global beverage flavoring agent demand is projected to grow year-on-year (Y-o-Y) growth of 5.0% in 2022.
The beverage flavoring agent market is growing with a notable boost towards the production to reach USD 7.8 Bn by 2032.
Innovative applications, research formulations, and medicinal properties are the factors driving growth of Beverage Flavoring Agent market to be the influencing factors among consumers, which is driving sales of beverage flavoring agent across global markets.
Demand for beverage flavoring agent grew at 4.4% CAGR between 2017 and 2021.
Korea Ginseng Corp., Clariant, Korean Ginseng Export Corporation, RFI Ingredients, Inc, and Ilhwa Co., Ltd. are expected to be the top players in the industry.
Siberian ginseng type with capsule form segment of beverage flavoring agent are in heavy demand from beverage industry carrying a notable market share.

“The dominance of the liquid segment is attributed to the ease of mixing and blending of liquid flavor ingredients. Liquid flavors can be easily mixed together to provide a homogeneous distribution of each flavor component. This is why most beverage manufacturers prefer the usage of liquid flavors, which is likely to provide new market avenues for Beverage Flavoring Agent,” says a Future Market Insights analyst.

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Competitive Landscape

Key beverage flavoring agent brands are looking for new strategic partnerships to develop the applications in food and beverage industry, as well as cosmetics and personal care industry, while core business brands are focusing on supplying nutritional and high quality solutions to customers consuming Beverage Flavoring Agent with several product innovations.

On 22^nd January 2019, supplier of rare plant extracts, Botalys announced to launch Panax ginseng powder as the most bioactive ingredient in the market, termed as HRG80. Beverage Flavoring Agent, used as stress reducing agent, considered to be the king of adaptogens by the company. New product launches under the scheme is featuring various innovative forms including nutritional bars, chocolates, soft chews, chewing gums, gummy bears, burgers, juices, coffee, ready-to-drink (RTD) beverages, tea, and granola.

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Beverage Flavoring Agent Market by Category

By Ingredient:

Carriers
Flavorings
Enhancers
Others

By Beverage:

Alcoholic
Non-alcoholic

By Type:

Botanicals
Dairy
Fruits
Ohers

By Origin:

Artificial
Natural
Nature-identical

About Future Market Insights (FMI)

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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A Sustainable Shift: The US$4.8 Billion Heavy Duty Heat Pump Market on the Rise

In 2022, the global heavy-duty heat pump market was valued at approximately US$ 3.1 billion, with the sector experiencing a surge in momentum driven by the introduction of technologically enhanced tritium light sources integrating various advanced technologies.

According to Future Market Insights (FMI), the heavy duty heat pump market is poised to achieve a valuation of US$ 3.2 billion by 2023, marking a notable Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033. By the end of 2033, the market is forecasted to reach a significant milestone, securing a valuation of US$ 4.8 billion.

Top of Form

Heavy-duty heat pumps are gaining high utilization in residential, commercial, and industrial industries. These pumps also find usage in CHPCs because of their ability to provide a smooth uninterrupted supply of heating and cooling. Aside from the commercial sector, the district cooling and heating sector are also counted as a prime growth driver of the heavy duty heat pump market as they generate growing demand for hybrid and ground source heavy duty heat pumps. In addition to this, strategies adopted by major market players also aid the target market growth.

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Growth Factors

The escalating demand for heat pumps is evident in developing nations such as India and China, where rapid urbanization and industrialization are driving forces. Simultaneously, heightened investments in the construction and residential sectors are fostering a conducive environment for the proliferation of heat pump installations.

Moreover, there’s a notable surge in demand for heat pumps powered by renewable energy sources, reflecting a growing global emphasis on sustainable energy solutions. This trend is particularly pronounced in regions prioritizing environmental conservation and carbon reduction efforts.

The continuous advancements in heavy-duty heat pump technology play a pivotal role in driving market expansion. The ongoing development of innovative and more efficient heat pump technologies is instrumental in meeting evolving consumer demands for enhanced performance, reliability, and energy efficiency.

Key Takeaways:

Rising heating and cooling needs all over the world stimulate market opportunities.
High requirements for the target product due to weather conditions drive the heavy duty heat pump market growth in China.
Air conditioning and heating needs in GCC countries will offer lucrative opportunities to the market.
By refrigeration types, natural refrigerants like CO2 and ammonia will gain traction during the forecast period.
On the basis of the power range, 10-20 MW will witness high demand.

Competitive Landscape

Thermax Ltd, Star Refrigeration, GEA Group, MAN Energy Solutions, Oilon OY, Siemens Energy, Johnson Controls, Friotherm AG, Engie Refrigeration GmbH, Daikin Industries, Enertech AB, and Mitsubishi Heavy Industries among others are some of the major players in the heavy duty heat pump market profiled in the full version of the report.

Key market players are concentrating on competitive price offerings, enhancing product performance and efficiency to cater to market demands. These enterprises are employing tactics such as increasing research and development activities via strategic partnerships and collaborations to launch innovative products in the market. Further, setting up sales and service facilities in emerging facilities along with long-term partnerships with regional distributors also helps these market players to expand their reach.

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Opportunities

The industrial sector is witnessing a burgeoning demand for heavy-duty heat pumps, driven by the need for efficient heating and cooling solutions to support various manufacturing processes. This growing demand presents promising opportunities for research and development endeavors aimed at enhancing the efficiency and affordability of heat pump technologies.

Furthermore, there is a notable shift towards leveraging cost-effective manufacturing techniques and utilizing advanced raw materials in the production of heavy-duty heat pumps. This strategic approach not only enhances product quality but also contributes to cost savings and improved competitiveness in the market.

Moreover, the increased adoption of heavy-duty heat pumps is attributed to the rising demand for safer energy storage systems across diverse industry sectors. As safety concerns regarding energy storage continue to gain prominence, the reliability and efficiency of heat pump systems offer viable solutions to meet these evolving needs effectively.

Caffeine Craze: Global Out-of-Home Coffee Market Brews Up to USD 36 Billion by 2032, Riding a 4.5% CAGR Surge

The out-of-home coffee market is estimated at USD 23.2 Bn in 2022 and is projected to reach USD 36 Bn by 2032, at a CAGR of 4.5% from 2022 to 2032. Future Market Insights projects the out-of-home coffee market to remain steady, exhibiting growth at 4.5% CAGR between 2022 and 2032 in comparison to the CAGR of 3.3% posted between 2017 and 2021.

The rising popularity of branded coffee shops, coupled with increased consumer spending capacity, is creating new opportunities for the coffee market. The increasing adoption of global coffee brands, Western culture, and exposure to different cultures are the primary drivers propelling the growth of coffee chains, mainly in the Asia-Pacific region.

The trend of hanging out with friends, colleagues, and family at coffee shops is becoming more widespread. Additionally, holding informal business meetings at coffee shops is expected to boost the demand for out-of-home coffee in the coming years. As a result, coffee chains have experienced impressive growth over the past few years. The growing acceptance of coffee culture is attributed to the rise of new coffee stores by companies such as Starbucks Corporation, Coffee Day Enterprises Ltd, and Barista Coffee Co. Ltd., contributing to the overall market growth.

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Key Takeaways from the Market Study

Europe is expected to dominate the global market by accounting for the maximum market value share of about 25% by 2022 end, followed by North America
U.S. is to account for the maximum market share of nearly 78% of the North American out-of-home coffee market
Rising coffee culture over tea consumption among youths in different regions across the globe is predicted to result in surging demand during the assessment period (2022–2032)
By product type, instant coffee is expected to account for the maximum market value share of the global market by 2022 end
Higher income groups and working population has an increased spending capacity which is likely to increase the demand for premium coffee brands of out-of-home coffee in the near future
Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

Coffee with low caffeine content helps in building the metabolism and improve the functioning of the brain. Owing to these factors, consumers are preferring coffee over tea. Furthermore, increased spending capacity of working population have convinced them to switch to premium coffee brands which is expected to fuel the out-of-home coffee market growth over the forecast period (2022–2032).

Alongside, there have been a huge impact of covid-19 pandemic on the market attributing to the disruption on the supply chain due to worldwide lockdown. The exports and imports of coffee beans were hampered which led to the downfall in the revenue for various manufacturers. Almost all of the offices, restaurants and coffee shops were forced shut during lockdown which hindered the growth of the out-of-home coffee market.

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But now, as the restriction are lifted up, the market participants have started gaining a pace to gain a higher position in the market by addressing the needs of their customers and enhancing brand loyalty. This is likely to positively influence the growth of the market in the next few years.

“Increasing consumption of instant coffee has resulted in the installation of coffee machines at commercial places such as offices or communities where consumers have all-time access to drink coffee with varied flavors which is prophesied to increase the demand for out-of-home coffee in the coming decade”, says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years. For instance,

In 2020, a company named Tchibo introduced ground and whole bean coffee products with a light, medium, and dark roasted beans, particularly in the United States. These products were widely available at retailers like Jewel and Hy-Vee in the regional market.
Many manufacturers have started introducing new and innovative products by adding different flavors such as Italian roast, green bean, and mocha to attract a larger audience.

Explore More Valuable Insights

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

The study offers compelling insights based on product type (instant coffee, portioned coffee and roasted coffee), end use (HoReCa and commercial/office), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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Milk Protein Hydrolysate Market Surpasses USD 1.0 Billion in 2022, Anticipating a Robust 6.9% CAGR to Reach USD 1.6 Billion by 2032

According to the recent FMI report, the sales for milk protein hydrolysate are expected to cross a value of USD 1.6 Bn in 2032, significantly rising at a CAGR of 6.9% in the time period of 2032.

According to projections, the market for milk protein hydrolysate in sports nutrition applications is anticipated to surpass USD 0.4 Bn by 2027. Sports nutrition products consist of various types of nutritional food in specified quantities that aid in enhancing performance and sustaining energy levels.

The global Milk Protein Hydrolysate Market is witnessing significant growth due to the growing awareness of its health benefits. Milk protein hydrolysate is a specialized form of milk protein obtained through enzymatic hydrolysis, which breaks down large protein molecules into smaller peptides. These peptides are easier to digest and provide a higher nutritional value, making them suitable for applications such as infant formulas, sports nutrition, and clinical nutrition.

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Key Takeaways from the Milk Protein Hydrolysate Market Study:

During the projection period, demand for whey protein hydrolysate in the US is expected to increase by approximately 5.1%. Consumers are paying greater attention to protein-rich products in order to maintain an overall health balance, which is fuelling the expansion of the milk protein hydrolysate sector.
According to FMI analysis, by the end of 2027, the poultry animal feed segment is expected to generate over USD 13.6 Bn in sales. Demand for nutritional and protein-rich food for poultry animals has been encouraged by rising demand for chicken meat and high-quality eggs, which is expected to drive segmental expansion in the coming years.
Due to the rising consumer spending on healthcare and the rising frequency of metabolic illnesses across Latin America, the milk protein hydrolysate market in the country is expected to grow at a CAGR of 4.8% by 2032.
The milk protein hydrolysate market in MEA is valued at over USD 28.3 Bn and is expected to increase significantly during the forecast period, owing to rising product acceptance in dietary supplements and clinical nutrition in the region.

Sports drinks, supplements, and foods such as protein powders, protein bars, supplement powder, ready-to-drink protein beverages, and energy bars are examples of sports nutrition products. Bodybuilders and athletes mostly use these items to increase muscular growth, body performance, and overall wellness, which should boost market figures.

The growth of the sports nutrition segment will also be aided by an increase in the number of young and middle-aged persons participating in sports activities. Milk hydrolysates are important in sports nutrition because they provide a rapid release of amino acids into the bloodstream, which helps muscle and mass development.

Also, the increasing awareness about the benefits of protein-based sports nutrition products paired with an active lifestyle is projected to drive sports nutrition-based milk protein hydrolysate market demand.

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“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” said a lead analyst at FMI.

Who is winning?

Leading industry players have recently implemented strategic measures to enter into emerging markets, resulting in increased market dynamics. For example, Kerry, a big nutrition firm, completed the acquisition of Biosearch Life, a functional food and pharmaceutical specialist, in July 2021. Kerry made the strategic acquisition in order to broaden its market offers for health-related supplements and diet additives.

Some of the leading companies offering Milk Protein Hydrolysate are

Fonterra Co-operative Group Ltd.
Kerry Ingredients
Meiji Holdings
MILEI, Friesl and Campina DMV B.V.
AMCO Proteins
Nestle S.A.
Morinaga Milk Industry co. Ltd.
Cargill Inc.
Lactalis Group

Get Valuable Insights into Milk Protein Hydrolysate Market

FMI, in its new offering, provides an unbiased analysis of milk protein hydrolysate presenting historical demand data (2017–2022) and forecast statistics for the period from (2022–2032). The study divulges compelling insights on the demand for milk protein hydrolysate based on form (powder and paste), by product (whey and casein), by technology (acid hydrolysis, enzymatic, and hydrolysis), by application (sports nutrition, clinical nutrition, infant nutrition, and animal feed) across five major regions.

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Dairy Dynamics: Global Milk Powder Market Set to Surpass USD 34.5 Billion in 2022, Unleashing a 4.5% CAGR Surge through 2032| Fueled by Technological Advancements

The milk powder market is set to witness growth at a CAGR of around 4.5% and top valuation of USD 50.1 Bn by 2032.

Milk powder is a product that is obtained from various types of milk, which can determine its composition. The use of spray drying or roller drying methods during manufacturing makes it easy to store and transport, resulting in lower storage and transportation costs.

Additionally, milk powder has a higher nutritional value than liquid milk, with one cup of milk powder containing four times the nutritional value of a cup of liquid milk. A scoop of skim milk powder can provide 30% of your daily calcium needs, along with other essential minerals such as selenium, phosphorous, magnesium, potassium, and zinc. It is also low in cholesterol and aids in weight loss, making it an excellent nutritional supplement for treating obesity and heart disease.

Milk powder is widely used as an ingredient in several food products, such as ice cream, cultured milk, yogurt, chocolate, confectionery, baked goods, soups, and sauces. The growing demand for processed and packaged food products, driven by changing lifestyles and increasing social media and internet penetration, is boosting the milk powder market’s growth.

Therefore, the milk powder market is expected to exhibit significant growth owing to the rising demand for shelf-stable functional foods.

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Key Takeaways from Market Study

The global milk powder market is expected to be valued at USD 34.5 Bn in 2022 and it is expected to grow with significant CAGR of around 5%.
North America is expected to dominate the global milk powder market holding 23.9% share in 2022 and it is expected to grow with CAGR of around 4.6% over the forecast period. Followed by
Among the type, whole milk powder is dominating the type segment holding more than 50% share in 2022 and it is expected to grow with CAGR of 4.1% over the forecasted period.
Bakery & confectionary is dominating the application segment holding more than 40% market share in 2022 and it is expected to grow with CAGR of 4.3% over the forecast period.
Among the distribution channel segment B2B distribution channel is dominating the segment holding around 70% of market share in 2022 and it is expected to grow with CAGR of around 5% over the forecast period.

Competitive Landscape

The key players involved in the milk powder market are continuously expanding their product portfolio in order to gain competitive advantage in the market. In addition to this, these key players are also involving into merger and acquisition activities in order to reduce the competition and increase their hold on to the market.

Key Companies Profiled are: Nestlé, Danone, Groupe Lactalis, Fonterra, Royal FrieslandCampina N.V., Dean Foods, Arla Foods, Dairy Farmers of America, Kraft Foods, Saputo, Parmalat, The Kraft Heinz Company

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For instance –

In July 2020, Mead Johnson who is one of the world’s leading international pediatric nutrition company launched new milk powder globally.
In November 2019, Nestle who is one of the leading food and nutrition giant introduced high end milk powder products for Chinese family consumers.

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The study offers compelling insights based on type (whole milk powder, skimmed milk powder, dairy whitener, fat filled milk powder, other milk powder), application (nutritional food, infant formulas, bakery & confectionary, others), and distribution channel (b2b, b2c (hypermarkets/supermarkets, convenience stores, specialty stores, retail stores, online retail)) across seven major regions of the world.

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Anthocyanin Food Colors Market to Hit USD 323 Million, Riding a 4.8% CAGR Wave By 2032 | FMI

Anthocyanin Food Colors Market report predominantly covers food and beverage application of Anthocyanin food colorants worldwide, the market is expected to reach a market valuation of nearly USD 323 mn by the year 2022, accelerating with a CAGR of 4.8% between 2022-2032. Anthocyanin food color sales are accounted for ~18.89% of the sales in the global natural food colors market which was valued at US$ 1.6 Bn in 2021.

Anthocyanins are widely used as food colorants and are known for their diverse range of colors, which can range from blue and red to purple and black, depending on the pH. Various food plants, such as black rice, blueberries, raspberries, and black soybeans, contain high levels of anthocyanins, giving them their distinctive colors.

Anthocyanins are primarily found in the cell vacuole of flowers, vegetables, fruits, leaves, stems, and roots. They not only provide vibrant colors to food but also offer health benefits. Consumption of organic anthocyanins has been associated with a reduced risk of heart disease and respiratory disorders, making them popular in the market.

The demand for anthocyanins in the food and beverage industries is driven by their functional properties, including being anti-allergic, anti-microbial, anti-inflammatory, and antioxidant. These properties contribute to their use as natural food colorants.

There is no conclusive evidence that anthocyanins have any negative effects on human biology or that they cause any diseases. As a result, they are widely applied in the food industry. Furthermore, anthocyanins’ therapeutic properties, derived from their antioxidant, neuroprotective, and anti-cancer properties, make them suitable for use in pharmaceutical products.

Overall, the versatile and beneficial properties of anthocyanins have led to their widespread use in the food, beverage, and pharmaceutical industries.

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Key Takeaways from Market Study

The overall anthocyanin food colors market is anticipated to grow at a rate of 8% on American continents. The US anthocyanin market contributes over 32% of the global Anthocyanin food colors market.
The European anthocyanin food colors market is currently pegged at approximately 1500 metric tons by volume and USD 75 mn by value. The demand for anthocyanin Food Colors is about to grow at 9% CAGR between 2022 and 2032 in this region.
The Asia-Pacific region is poised to be the fastest-growing anthocyanins market owing to the augmenting demand for natural colorant food and beverage and personal care products.
By application, the beverages industry holds command over the highest market share of 25%, followed by the bakery, snacks, and cereals segment and then the dairy industry. It is used as a coloring agent in cakes and bakes and in dairy products like ice creams, yogurt, etc.
When compared to synthetic colorants, anthocyanins have lesser stability, which is a major restraining factor for market expansion. Another problem impeding the market’s pace is the product’s higher cost when compared to its competitors.
Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of natural food colors like anthocyanin across global markets. Rising urbanization and government policies that encourage the use of natural food colors across industries are expected to fuel the anthocyanin market even further.

“Anthocyanin food colorant producers should consistently innovate and adopt creative strategies to scale in an already booming market dominated by numerous players. Manufacturers should also strive to make plant-based food colors like anthocyanin more affordable to food processing industries. Larger companies would profit significantly by diversifying their range on anthocyanin color pallet and by targeting the artisanal wine and craft beer market,” says a Future Market Insights analyst.

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Competitive Landscape

Food colorant producers are intensively focusing on market research techniques and cost-cutting procedures in order to make anthocyanin food colors accessible for the food processing industry. These manufacturers also participate in various strategic alliances with leading food brands around the world to increase the reach of their products.

Some of the leading market players in the Anthocyanin food colors market are Chr. Hansen Holding A/S, Kalsec Inc, Sensient Technology Corporation, Symrise A.G., Archer Daniels Midlands Co., Naturex S.A., DDW, among others. The aforementioned firms hold market dominance over more than 65% of the anthocyanin food colors market. Hence, the Anthocyanin food colors market leans towards the consolidated phase.

Anthocyanin Food Colors Market by Category

By Nature, the Anthocyanin food colors market is segmented as:

Organic
Conventional

By Application, the Anthocyanin food colors market is segmented as:

Bakery & Confectionery Products
Beverages
Fruit Preparations/ Fillings
Dairy Food Products
Potatoes, Pasta, and Rice
Soups, Sauces, and Dressings
Meat, Poultry, Fish, and Eggs
Seasonings
Others

By Source, the Anthocyanin food colors market is segmented as:

Black Carrot
Berries (Elderberry, etc.)
Purple Corn
Red Sweet Potato
Red Radish
Others

By Product Type, the Anthocyanin food colors market is segmented as:

Cyanidin
Malvidin
Delphinidin
Pelargonidin
Petunidin
Others

By end-user industries, the Anthocyanin food colors market is segmented as:

Food Industry
Personal Care Industry
Others

By Region, the Anthocyanin food colors market is segmented as:

North America (U.S., Canada, Mexico)
Latin America (Brazil, Argentina, Chile, Peru, Bolivia)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia), Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa), India
Asia-Pacific (China, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Oceania (Australia, New Zealand)

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Ginseng Extracts Market Surges to USD 565.6 Million by 2032, Unveiling a Robust 7.7% CAGR | FMI Study

The global ginseng extracts market is set to witness growth at a CAGR of 7.7% and top a valuation of US$ 565.6 Mn by 2032.

Ginseng is indeed well-known for its herbal properties and is often used to create functional foods and supplements. The extract from the root of ginseng contains active compounds called ginsenosides, which contribute to its various health benefits.

Due to its anti-inflammatory and antioxidant properties, ginseng can help improve brain function, boost the immune system, alleviate erectile dysfunction, and combat fatigue. It is also believed to have potential in treating different types of cancer and supporting the treatment of conditions like swine flu, anemia, diabetes, gastritis, asthma, and fever.

When it comes to the efficacy and quality of Panax ginseng extracts, it is important to consider factors such as bioavailability and the form in which the product is consumed. Ginsenosides are not easily broken down by liver enzymes or gastric juices when taken orally. However, once the product reaches the intestine, it undergoes fermentation by gut microflora, resulting in metabolites that are more easily absorbed by the body. This process improves bioavailability, enhancing energy levels and balancing the body’s metabolism.

The medicinal properties and positive impact on the digestive system are driving the demand for ginseng extracts as a supplement in the food and beverage industry. It offers a natural way to enhance health and well-being through functional foods and beverages.

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Key Takeaways from Market Study

The ginseng extracts market is worth of US$ 269.4 Mn sales in 2022.
The ginseng extracts market is expected to expand at CAGRs of 7.7% through 2032.
Global ginseng extracts demand is projected to grow year-on-year (Y-o-Y) growth of 7.3% in 2022.
The ginseng extracts market is growing with a notable boost towards the production to reach USD 565.6 Mn by 2032.
Innovative applications, research formulations, and medicinal properties are the factors driving growth of Ginseng Extracts market to be the influencing factors among consumers, which is driving sales of ginseng extracts across global markets.
Demand for ginseng extracts grew at 6.4% CAGR between 2017 and 2021.
Korea Ginseng Corp., Clariant, Korean Ginseng Export Corporation, RFI Ingredients, Inc, and Ilhwa Co., Ltd. are expected to be the top players in the industry.
Siberian ginseng type with capsule form segment of ginseng extracts are in heavy demand from beverage industry carrying a notable market share.

“Ginseng extract induces the functional properties in food products, such as anti-oxidative, anti-obesity, anti-stress, anti-inflammatory, anti-viral, and even anti-cancer properties, which is likely to drive consumption of the product as an additive in the food and beverage industry with growing demand for functional foods, where key industry players are continuously seeking natural ingredients for healthy foods segments, which is likely to provide new market avenues for ginseng extracts,” says a Future Market Insights analyst.

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Competitive Landscape

Key ginseng extracts brands are looking for new strategic partnerships to develop the applications in food and beverage industry, as well as cosmetics and personal care industry, while core business brands are focusing on supplying nutritional and high quality solutions to customers consuming ginseng extracts with several product innovations.

On 22^nd January 2019, supplier of rare plant extracts, Botalys announced to launch Panax ginseng powder as the most bioactive ingredient in the market, termed as HRG80. Ginseng extracts, used as stress reducing agent, considered to be the king of adaptogens by the company. New product launches under the scheme is featuring various innovative forms including nutritional bars, chocolates, soft chews, chewing gums, gummy bears, burgers, juices, coffee, ready-to-drink (RTD) beverages, tea, and granola.

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Explore More Valuable Insights

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

The study offers compelling insights based on product type (American ginseng, oriental ginseng, Siberian ginseng, Asian ginseng, and others), form (powder, liquid, tablet, capsule, gel, and others), and application (food & beverages, nutraceuticals & dietary supplements, pharmaceutical, cosmetics & personal care, and others), across seven major regions of the world.

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