Global Lung Cancer PCR Panel Market is anticipated to exceed expectations, growing at a CAGR of 8.0% by 2033

As the global landscape battles the increasing prevalence of lung cancer, Future Market Insights steps in with a game-changing solution. The global lung cancer PCR panel market trends is projected to surge to a value of US$ 513.9 million in 2023, and Future Market Insights is at the forefront, driving this market towards a projected worth of US$ 1.1 billion by 2033 at a CAGR of 8.0%.

Lung cancer continues to be a formidable health challenge, claiming lives and demanding precision diagnostics for early detection and tailored treatment strategies. With the incidence of lung cancer escalating worldwide, the need for advanced molecular diagnostics has never been more crucial. PCR panels, pioneered by Future Market Insights, are instrumental in ushering in a new era of early detection, precise diagnosis, and personalized treatment options.

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The most prevalent kind of lung cancer is non-small cell lung cancer (NSCLC), which accounts for the vast majority of occurrences. PCR panels for lung cancer frequently focus on identifying NSCLC-specific mutations and genetic changes, since these markers might give useful information for prognosis and therapy decisions.

Several firms and diagnostic institutes are working together to produce and commercialize lung cancer PCR panels. These include both established and developing molecular diagnostics firms. Moreover, ongoing research and development activities aim to broaden the spectrum of genetic changes and mutations covered by PCR panels, increase detection technologies’ sensitivity and specificity, and optimize panel designs. The objective is to improve the clinical value of these panels and enable more accurate and complete lung cancer patient profiling.

Key Takeaways from the Lung Cancer PCR Panel Market:

  • The lung cancer PCR panel industry in the United States is predicted to reach US$ 223.2 million by 2033, increasing at a 3.7% CAGR.
  • The lung cancer PCR panel industry in the United Kingdom is estimated to reach a market size of US$ 29.2 million, expanding at a CAGR of 3.8% by 2033.
  • During the forecast period, the lung cancer PCR panel industry in China is expected to reach a market value of US$ 36.5 million, securing a 6.4% CAGR.
  • The lung cancer PCR panel industry in Japan is predicted to reach US$ 48.7 million by 2033, increasing at a 6.2% CAGR.
  • South Korea’s lung cancer PCR panel industry is predicted to achieve a market share of US$ 6.5 million, rising at a 6.0% CAGR during the forecast period.
  • With a CAGR of 8.4% from 2023 to 2033, the adenocarcinoma segment is expected to dominate the lung cancer PCR panel industry.
  • With a CAGR of 7.3% from 2023 to 2033, the hospital is expected to dominate the lung cancer PCR panel industry.

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How Does the Competition Look in the Lung Cancer PCR Panel Market?

The lung cancer PCR panel sector is a very competitive one, with large firms fighting for market share. Several significant participants in this industry comprise Amoy Diagnostics Co., Ltd., ATRiDA B.V., Diagnóstica Longwood, Paragon Genomics, Inc., EntroGen’s, Jiangsu Mole Bioscience Co., Ltd., Lepu Medical Technology (Beijing) Co.,Ltd. among other companies.

The major businesses are heavily spending in R&D efforts to create innovative and inventive goods with enhanced effectiveness, dependability, and affordability. They are also focusing on expanding their product line and strengthening their distribution methods in order to fulfil shifting consumer expectations.

Tactical alliances and partnerships with other companies are becoming more common in the industry, allowing parties to leverage one another’s strengths and expand their market influence.

Leading firms use consolidation and mergers to strengthen their market position and gain entry into new markets. The sector is expanding significantly in developing economies, particularly in India and China.

To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites. They are also concentrating on offering cost-effective solutions to customers in these markets in order to get a competitive advantage.

Segmentation Analysis of the Lung Cancer PCR Panel Market:

By Application:

  • Adenocarcinoma
  • Squamous Cell Carcinoma (SCC)
  • Large cell carcinoma

By End User:

  • Hospitals
  • Cancer Research Institutes
  • Specialty Clinics
  • Research & Educational Institutes

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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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Tampon Market: Expected to Rise at a CAGR of 5.3% Through 2034, Unveiling Growth Trends in Menstrual Hygiene and Consumer Industry

Tampon Market
Tampon Market

The tampon market is estimated to reach a value of US$5,895.9 million in 2024, projected to exceed US$9,881.7 million by 2034. The growing awareness and acceptance of menstrual hygiene products have significantly driven the demand for tampons. The industry is expected to experience a steady rise, with a forecasted compound annual growth rate (CAGR) of 5.3% through 2034.

Now that more women know how important it is for their health to keep clean, they are using tampons and pads a lot.
Now, brands are giving good quality tampons in different sizes. These offer the same advantages as earlier types did. They are making different kinds and sizes of tampons to meet their needs. This makes them feel better, especially for women who do a lot of exercise. These things are expected to make people want tampons more in the coming years.

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“Rising government initiatives to raise awareness regarding feminine hygiene products, price reduction through subsidies, and wide availability of such products at online retail channels will boost the growth in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, sales of non-applicator tampons will gain traction.
  • In terms of material, cotton is expected to account for a dominant share in the market over the forecast period.
  • By sales channel, sales of tampons through online channels will remain high through 2032.
  • The U.S. will continue dominating the North America tampon market over the forecast period owing to high demand for organic feminine hygiene products.
  • India will emerge as a lucrative pocket in the South Asia tampon market amid rising government initiatives regarding the importance of feminine hygiene.

Growth Drivers:

  1. Increasing Awareness and Acceptance: Growing awareness about menstrual hygiene and the benefits of using tampons among women, especially in developing regions, is propelling market growth. This is fueled by educational campaigns, social media awareness, and advocacy for women’s health.
  2. Technological Advancements: Continuous innovation in tampon design, materials, and manufacturing processes is driving market growth. Advanced tampons offer features like enhanced absorption, comfort, and sustainability, attracting more consumers to opt for tampons over traditional menstrual products.
  3. Changing Lifestyles and Preferences: Evolving lifestyles, including increased participation of women in sports, fitness activities, and outdoor pursuits, are boosting the demand for tampons. Tampons offer convenience, freedom of movement, and discreetness, aligning with modern lifestyles.
  4. Expanding Product Varieties: Manufacturers are introducing a wide range of tampon products, including organic and biodegradable options, scented and unscented variants, and different sizes and absorbencies. This diversification caters to the varying needs and preferences of consumers, thereby expanding the market.
  5. Rising Disposable Income: Economic growth and rising disposable incomes in many regions allow consumers to afford premium-priced tampon products. As purchasing power increases, more consumers are willing to invest in higher-quality tampons, driving market growth.

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Industry Restraints:

  1. Cultural and Social Stigmas: Despite growing awareness, cultural and social stigmas surrounding menstruation still exist in many societies. These stigmas can hinder open discussions about menstrual hygiene and may discourage women from using tampons, particularly in conservative communities.
  2. Regulatory Challenges: Regulatory frameworks related to menstrual hygiene products vary across regions and can pose challenges for manufacturers. Compliance with stringent regulations, especially regarding product safety and labeling, adds complexity and cost to operations, potentially restraining market growth.
  3. Environmental Concerns: The environmental impact of disposable tampons, particularly non-biodegradable ones, is a growing concern among consumers. Increased awareness of plastic pollution and environmental degradation may lead some consumers to seek alternative menstrual products or demand more sustainable tampon options, impacting market growth.
  4. Competition from Alternative Products: Tampons face competition from a variety of menstrual products, including sanitary pads, menstrual cups, and period panties. Each product offers unique advantages and appeals to different consumer preferences, creating competition within the menstrual hygiene market and potentially limiting tampon market growth.
  5. Health and Safety Concerns: Despite rigorous safety standards, there are occasional concerns regarding the safety of tampon materials and their potential health impacts. Issues such as toxic shock syndrome (TSS) and allergenic reactions can undermine consumer confidence in tampons and pose challenges for market growth. Manufacturers need to address these concerns through transparent communication and product innovation.

Competition Landscape

Leading tampon manufacturers are focusing on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of Tampon globally.

Major players present in the Tampon market

  • Bodywise Ltd
  • Corman SpA
  • Lil-Lets UK Limited
  • Procter and Gamble Co
  • Kimberly-Clark Corporation
  • Edgewell Personal Care Company
  • Unicharm Corporation
  • Johnson & Johnson Inc.
  • Cora
  • First Quality Enterprises Inc.

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Global Tampon Market By Category

By Product Type:

  • Applicator Tampon
  • Non-Applicator Tampon

By Material Type:

  • Cotton
  • Rayon
  • Blended

By Source:

  • Organic
  • Conventional

By Nature:

  • Scented
  • Unscented

By Price Range:

  • Economy
  • Mid –range
  • Premium

By Sales Channel:

  • Wholesalers and Distributors
  • Supermarket/Hypermarkets
  • Specialty Stores
  • Pharmacy / Drug Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

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
Website: https://www.futuremarketinsights.com
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Collagen Drinks Market Poised to Surge to US$ 634.7 Million by 2033 at a 9% CAGR

Collagen Drinks Market

The global collagen drinks market is forecast to expand at 9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 266 million in 2023.

Collagen drinks are considered the building blocks of bouncy and youthful-looking skin. The collagen levels start declining somewhere around 25 years of age.

Aesthetic-conscious consumers are the key targets of collagen drinks merchants. Macro factors like inflating disposable income, enhancing the standard of living, and improving accessibility of collagen drinks are also complementing the market growth.

Collagen is found in our ligaments, skin, and muscles. Thus, the reduced levels of collagen are concerning for sports enthusiasts and sports people. Due to this factor, manufacturers are doing their best to introduce collagen-enriched drinks in the market in handy packaging for gym-goers and sports people.

Consuming collagen drinks help boost skin hydration, elasticity, and strength. Leveraging this insight, the food industry is releasing collagen-boosting beverages in different and delicious flavors to increase their acceptability in the market.

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As the health benefits of collagen drinks gain centerstage, their sales are expected to be multifold over time. Beauty brands can be seen leveraging this trend for a significant amount of time now. The effective marketing of these drinks on popular social media platforms and brand collaborations are projected to fuel the sales of collagen drinks.

Many beauty brands like Sheishedo and VityBox are continuously releasing their distinct collagen drinks, which is a testament to the swelling excitement for products that boost skin health from within.

As per reliable sources, a substantial amount of European people are prioritizing products that have a positive, lasting impact on their overall wellness and health. Collagen drinks certainly fall under this category.

The age group of 20 to 25 is also ingesting collagen drinks as a preventative measure or at the earliest when signs of aging are just beginning to be visible. Growing awareness regarding the consumption of collagen drinks at an early stage to reap its benefits is facilitating its sales.

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Top Highlights from the FMI’s Analysis of Collagen Drinks Market: 

  • The United States collagen drinks industry acquired a 17.8% value share in 2022.
  • The German collagen drinks industry is projected to hold more than 5.3% market share in 2023.
  • The Japan collagen drinks industry is estimated to exceed 4.1% value share in 2023.
  • The United Kingdom collagen drinks industry is projected to pace at a CAGR of 7.6% over the forecast period.
  • The India market is anticipated to register an 8.8% CAGR between 2023 to 2033.
  • The China market is projected to expand at 5.5% CAGR over this decade.
  • Female end users are expected to surpass the market share of 61.5% in 2023.
  • The cosmetics and personal care industries are projected to exceed 32.4% value share in 2023.

Innovation Watch: Key Developments in the Market

  • In April 2021, Reneva Collagen Drink released a new product formulation in tandem with the launch of the green apple flavor. The collagen protein drinks category is free from any artificial color and preservatives.
  • In January 2023, Collibre released Swiss collagen drinks in three different varieties and formulas (VITAL, ACTIVE, and BEAUTY) in the United States. These drinks are free from gluten and are sans preservatives.
  • In September 2022, Nu Skin unveiled a collagen-containing drink for skin care.
  • In August 2022, PepsiCo released two new Rockstar energy drink flavors enriched with vitamin C and collagen.

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Collagen Drinks Market by Category

By End User:

  • Male
  • Female

By Application:

  • Food Industry
  • Cosmetics & Personal Care Industry
  • Nutraceutical Industry
  • Pharmaceutical Industry
  • Others

By Sales Channel:

  • Modern Trade
  • Specialty Stores
  • Drug Stores
  • Online Retail Stores
  • Others

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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Vegan Tuna Market Set to Surge, Exceeding US$ 273.2 Million in 2022 with 4.3% CAGR Towards 2032

The North American market for vegan tuna is poised to experience a Compound Annual Growth Rate (CAGR) of 4.2% from 2022 to 2032. As per a recent report from FMI, the sales of vegan tuna are projected to exceed USD 426.8 million by the year 2032, demonstrating an approximate 4.3% CAGR until the end of the forecast period.

Both nutritionists and seafood consumers share concerns about the Biomagnification process, which poses risks such as cancer, kidney illness, liver disease, respiratory problems, and various heart conditions in humans. Consequently, there is a growing interest among consumers in adopting fish substitutes to address these health concerns.

The anticipated surge in seafood consumption during the forecast period is expected to boost the sales of vegan fish alternatives. According to Future Market Insights (FMI), the global plant-based fish market is set to grow at a Compound Annual Growth Rate (CAGR) of 16.4% between 2022 and 2032.

Organizations like PETA and other animal rights groups play a crucial role in raising awareness about plant-based fish products, contributing to customer recruitment. Various educational initiatives highlighting the benefits of vegan products, addressing animal cruelty concerns, and outlining the risks associated with high meat and fish consumption are collectively promoting the growth of the vegan tuna market.

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According to a survey released in July by The Vegan Society, vegetarian diets might save 8 million lives by 2050 while also dramatically reducing global warming. Similarly, Compassion in World Farming, a UK-based group, has begun a “Rethink Fish” campaign to better the lives of fish throughout the EU. In the years ahead, the implementation of these efforts is projected to generate significant potential for vegan tuna producers.

Key Takeaways from the Vegan tuna Market Study:

  • Gluten intolerance is becoming increasingly common, driving customers to seek out more gut-friendly options such as soy-based proteins.
  • The UK is likely to be the greatest market, with roughly half of all English consumers switching to vegetarian diets.
  • The fact that roughly 2/5 of people in the US are not vegan but have tried introducing plant-based meals into their diets is an intriguing facet of the vegan tuna industry. US vegan tuna market is growing at a CAGR of 4.2%.
  • Food allergies linked to seafood are on the rise in Europe, prompting an increasing number of customers to investigate plant-based alternatives. By 2032, the European vegan tuna market is predicted to increase at a CAGR of 4.5%.

“The players in the vegan tuna market can keep a stronghold on the developments in the market posing opportunities for application of vegan tuna. For example, augmenting demand for vegan seafood alternatives and environmental factors like depleting fish populations around the globe. In order to preserve the market position, market players are spending in R&D to develop novel products. Manufacturers are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI.

Who is winning?

Key players operating in the global vegan tuna market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering vegan tuna are Vegan ZeaStar’s tuna, Sophie’s Kitchen Plant-Based Toona, Good Catch Plant-Based Tuna, Worthington Meatless Tuna, Loma Linda TUNO, May Wah Vegan Delicious Tuna, Cedarlane No Tuna Salad, Jinka Vegan Tuna Spread, Vegetarian Plus Vegan Tuna Roll and others.

Vegan Tuna Market by Category

By Source:

  • Wheat
  • Soy Based Protein
  • Seaweed
  • Lentils
  • Yeast
  • Chickpeas
  • Other Sources

By Application:

  • Salad
  • Spread
  • Pie
  • Noodles
  • Others Applications

By Distribution Channel:

  • Convenience Stores
  • Supermarkets
  • Specialty Food Stores
  • Online Retail

By Region:

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

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Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

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

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

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

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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Portable Sandwich Maker Market to Skyrocket to US$ 2387.2 Million by 2032 with an 11.6% CAGR | FMI

Portable Sandwich Maker Market
Portable Sandwich Maker Market

The Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.

The portable sandwich maker market is witnessing a surge in demand due to the growing trend of on-the-go eating habits and the need for quick and convenient meal options. This compact and handy appliance allows users to whip up delicious sandwiches within minutes, making it an ideal choice for busy individuals, students, and travelers. The market is dominated by well-known brands offering a variety of models with advanced features like non-stick coating, adjustable temperature settings, and even grilling capabilities.

With all cafes, restaurants, and retail outlets closed due to the pandemic, the demand for portable sandwich makers for commercial purposes has greatly decreased. Due to trade barriers, the supply chain of the portable sandwich maker market has been disrupted.

There is an increasing demand for portable sandwich makers in households owing to the popularity of sandwiches at breakfast, which has contributed to the growth of the portable sandwich maker market. Several countries have shut down their industries, thus causing the production of portable sandwich makers to drop drastically. Also, labor mobility has been restricted in many places, and raw materials are hard to come by.

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Increasing numbers of fast-food restaurants, coffee shops, and food joints around the world contribute to the growth of the portable sandwich maker market. Portable sandwich makers allow food joints to quickly cook food, causing them to buy this product in higher numbers.

Several factors drive the growth of the portable sandwich maker market, including the growth of the population, disposable incomes, and western influences on cooking methods.

The increase in energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This causes companies to worry about a rapid decline in profit, which further restrains the growth of the portable sandwich maker market.

As products continue to be innovated and advanced technology advances, manufacturers are obliged to develop new products that satisfy the needs of consumers. The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices, including smartphones.

Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.

KEY TAKEAWAYS:

  • The portable sandwich marker market is predicted to develop at a CAGR of 11.6% in the section of the solution category.
  • The outdoor segment of the location type category in portable sandwich marker market is likely to lead through 2032.
  • In the United States, the portable sandwich marker market is estimated to hold dominance throughout the forecast period.
  • By 2032, the portable sandwich marker market in the United Kingdom is expected to show high growth through 2032.

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COMPETITIVE LANDSCAPE:

In recent years, the portable sandwich maker market has developed a competitive edge.

The industry includes Huayu Electrical Appliance Group Co.,Ltd., Zhejiang Wisdom Industry & Trade Co. Ltd., Hamilton Beach Brands, Inc.,Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte Import&Export Co.,Ltd., Borosil, Morphy Richards, Breville USA, and Russell Hobbs ( Spectrum Brands , Inc.).

The portable sandwich maker market is characterized by the presence of a large number of regional manufacturers offering a variety of products. To meet the demands of various consumers, these companies devise various strategies, such as offering cheap and valuable portable sandwich makers.

RECENT DEVELOPMENT:

The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices including smartphones.

A portable sandwich maker offered by Griffin technology, for example, is compatible with mobile devices via Bluetooth, has options for defrosting, and features automatic heating. The convenience of intelligent, portable sandwich makers is anticipated to be an important factor influencing consumer behaviour.

Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.

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Key segments

By Product Type:

  • Single Panini Grill Maker
  • Double/Dual Panini Grill Maker

By Material Type:

  • Stainless Steel
  • Bakelite/Aluminum
  • Cast Iron
  • Glass
  • Others (Alloy, etc.)

By Price Range:

  • Low
  • Medium
  • High/Premium

By Application:

  • Residential
  • Commercial

By Sales Channel:

  • Wholesaler/Distributor
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Specialty Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channel

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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Lingerie Market: Expanding at a Moderate CAGR of 5.80% from 2024 to 2034, Unveiling Growth Prospects in the Intimate Apparel Industry

Lingerie Market
Lingerie Market

In 2024, the lingerie market is estimated to reach a value of US$92,871.6 million, with projected sales showing a compound annual growth rate (CAGR) of 5.80% from 2024 to 2034. By 2034, the industry is expected to exceed a valuation of US$163,207.4 million.

Market expansion is driven by evolving consumer preferences, particularly the increasing demand for inclusive sizing and body-positive designs. Technological advancements such as smart fabrics and virtual fitting rooms enhance the shopping experience for customers.

Strategic marketing campaigns focusing on empowerment and self-expression resonate with a diverse consumer base, benefiting the industry. Additionally, the adoption of sustainable practices and eco-friendly materials further boosts consumer perceptions, contributing to the overall momentum of the industry.

Despite its growth, the lingerie industry faces notable challenges. Rapid changes in fashion trends and consumer preferences present a constant adaptation challenge for brands. Though a driving force, sustainability concerns also pose restraints as brands navigate the complexities of implementing eco-friendly practices throughout the supply chain.

The industry contends with the disruptive force of digital transformation, where the rise of e-commerce demands significant investments in digital strategies to remain competitive. Regulatory hurdles and compliance with stringent standards for intimate apparel add complexity for industry participants.

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The lingerie industry presents exciting opportunities for innovation and market expansion. Addressing unmet needs, such as developing specialized designs for diverse body types and embracing sustainable materials, opens avenues for differentiation. Leveraging technology, such as personalized fit recommendations and augmented reality shopping experiences, provides unique consumer interactions.

The fusion of lingerie with athleisure elements stands out, reflecting a desire for undergarments that seamlessly blend comfort and style. Inclusive sizing remains a prevailing trend as brands recognize the importance of catering to diverse body shapes. Sustainability takes center stage with a focus on eco-friendly materials and ethical sourcing. Virtual community engagement, driven by social media and influencers, transforms brand-consumer relationships while customization and personalization redefine the lingerie shopping experience.

“Brands can embrace direct-to-consumer models, establishing strong brand identities and connecting with consumers more effectively. Expansion into geographically and demographically untapped markets offers substantial growth opportunities for visionary lingerie businesses.” Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

Key Takeaways from the Lingerie Market

  • The briefs segment is estimated to grab a 40% share in 2024.
  • Offline distribution channels dominate the industry, with a 80% share in 2024.
  • With a remarkable growth prospect, the lingerie industry in China is projected to expand at a CAGR of 7.10% through 2034.
  • The United States lingerie industry is likely to rise at a CAGR of 5.30% through 2034.
  • Germany lingerie industry is anticipated to expand at a steady CAGR of 70% through 2034.
  • Sales of lingerie in India are expected to rise at a CAGR of 6.40% through 2034.
  • Australia’s lingerie industry is anticipated to expand at a CAGR of 6.0% through 2034.

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Competitive Landscape of the Lingerie Market

The lingerie sector is marked by the influence of established brands, disruptive players, and inventive entrants. Market leaders, including Victoria’s Secret and Hanesbrands, wield dominance through widespread brand recognition and well-established distribution networks. Simultaneously, agile disruptors like ThirdLove and Adore Me carve their niche, leveraging sustainability, inclusivity, and distinctive design philosophies to resonate with a discerning consumer base.

Online commerce disruptors, such as Savage X Fenty and Boux Avenue, redefine market norms with seamless online experiences, aligning with the digital preferences of tech-savvy consumers. Concurrently, sustainable innovators like Organic Basics and Lara Intimates set themselves apart by championing ethical sourcing and eco-friendly practices, responding to the burgeoning demand for environmentally conscious choices.

Key Companies in the Market

  • Victoria’s Secret
  • Hanesbrands
  • L Brands
  • ThirdLove
  • Cuup
  • Savage X Fenty
  • Jockey International
  • Wacoal Holdings

Recent Developments in the Lingerie Market

  • Walmart, the leading retailer in the United States, revamped its private label lingerie brand from Secret Treasures to Joyspun, with more sizes and styles to cater to different body types and preferences. Walmart also launched a new online platform called Bare Necessities, which offers over 160 lingerie, swimwear, and shapewear brands.
  • Lingerie made of environmentally friendly materials is becoming increasingly popular among consumers as they seek more ethical and eco-conscious options. Some brands leading the way in this trend are Organic Basics, which uses organic cotton and recycled materials; Reformation, which uses deadstock fabrics and renewable fibers; and CUUP, which uses Oeko-Tex-certified fabrics and compostable packaging.

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Key Segments

By Product Type:

  • Briefs
  • Bras
  • Shapewear
  • Others

By Distribution Channel:

  • Online
  • Offline

By Region:

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

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
Website: https://www.futuremarketinsights.com
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Industrial Nailers Market Soars to US$ 1,432.6 million by 2033

The industrial nailers market is anticipated to expand its roots at a steady CAGR of 7.8% between 2023 and 2033. The market is predicted to cross a market share of US$ 1,432.6 million by 2033 while it is likely to be valued at US$ 678.6 million in 2023.

The significantly growing construction industry with advancements related to techniques and tools is anticipated to fuel market growth. Furthermore, the increased productivity and efficiency of advanced nail gun motors are fueling the demand for industrial nailers.

The advent of application-specific framing & sheathing nailers, sliding & fencing mailers and other nailers are garnering market growth. The companies also try to make the industrial nailers less tricky so that accidents while nailing can be prevented.

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The high demand from the automobile industry is there as it fixes different parts of the car through different procedures andnailing is one of these procedures. Hence, the market has thrived through the expanding automotive industry.

Government projects including development initiatives along with disaster relief programs are building and re-building cities. These activities demand advanced tools. Hence, it consequently fuels the demand for industrial nailers.

 Key Points

  1. The United States market leads the industrial nailers market in terms of sales volume in North America. The market holds a market share of 20.5% in 2023. The market growth is attributed to the high number of industries setting up with sustainable products.
  2. India industrial nailers market leads South Asia market in terms of CAGR with a leading CAGR of 9.4% between 2023 and 2033. The regional growth is attributed to high foreign investment and expanding E-commerce businesses.
  3. Chinaindustrial nailers market on the other side flourishes at a CAGR of 8.8% between 2023 and 2033. The hub of smart technology along with it being an assembling ground for major technological giants is expected to fuel its growth during the forecast period.
  4. The framing and sheathing nailers segment is likely to thrive in the product type category as it holds a market share of 23.3% in 2023. The growth is attributed to the increased renovation and construction activities.

Competitive Landscape

The key vendors work on producing nailers that are efficient, safe, and powerful. Brands also work on creating application-driven industrial nailers such as sliding & fencing nailers. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players in the market are Stanley Black & Decker, Illinois Tool Work Inc., Robert Bosch Power Tools GmbH, Kyocera Corp, Everwin Pneumatic Corp, Techtronic Industries Co. Ltd., Apach Industrial Co. Ltd., JAACO CORP, Raimund Beck KG, DEWALT, and Aerosmith Fastening.

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Recent Market Developments: 

  • Aerosmith Fastening has introduced its TraxPin and PowerPin construction-based nailers. It also has a range of different nailers including framing and sheathing nailers.
  • Apach Industrial Co. Ltd has launched a new range of advanced industrial nailers that include coil nailers, framing nailers finish nailers, specialty, staplers, and other carton closing tools. Framing nailers holds professional power pneumatic nailer motor that drives power for different degree strip framing nailers.

Key Players

  • Stanley Black & Decker
  • Illinois Tool Work Inc.
  • Robert Bosch Power Tools GmbH
  • Kyocera Corp
  • Everwin Pneumatic Corp
  • Techtronic Industries Co. Ltd.
  • Apach Industrial Co. Ltd.
  • JAACO CORP
  • Raimund Beck KG
  • DEWALT
  • Aerosmith Fastening

Industrial Nailers Market: Segmentation

Industrial Nailers Market by Category:

  • Pneumatic Industrial Nailers
  • Cordless Industrial Nailers
  • Gas-powered Industrial Nailers

Industrial Nailers Market by Product:

  • Brad & Pins
  • Coils
  • Roofing
  • Framing & Sheathing
  • Flooring
  • Sliding & Fencing
  • Others

Industrial Nailers Market by Operation:

  • Handheld Industrial Nailers
  • Automatic Industrial Nailers

Industrial Nailers Market by Nail Length:

  • Less than 20 mm
  • 20 to 40 mm
  • 40 to 60 mm
  • 60 to 80 mm
  • Above 80 mm

Industrial Nailers Market by Application:

  • Furniture
  • Millwork
  • Pallets & Crating
  • Leather Goods Manufacturing
  • Steel Skids
  • Construction & Framing
  • Automotive Interiors
  • Others

Key Regions Covered:

  • North America
    • The United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Rest of 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.

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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Potato Soup Market Set to Reach US$ 1.7 Billion by 2032 with an Impressive 8.9% CAGR | FMI Study

Potato Soup Market
Potato Soup Market

The potato soup market on a global scale is poised for expansion, with a projected Compound Annual Growth Rate (CAGR) of 8.9%, reaching an estimated valuation of US$ 1.7 billion by 2032, as reported by Future Market Insights (FMI). The accelerated pace of modern retail, coupled with the increasing emphasis on providing nutritionally balanced and convenient food products, is driving the demand for potato soup.

Further, need for easy to go and quick service will drive the demand for potato soup. With rapid expansion of food industry, where quality and consistency is the key, potato soup can assist in delivering a convenient meal easily as a time saving and healthy option.

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However, the heat of serving potato soup is more on for cafes, restaurants and hotels as an impeccable food option. As potato soup is nutritious, and easy to prepare, and gives customers more choice with a handful of flavour options available, it is facilitating the growth in the market.

Key Takeaways from Market Study

Potato soup demand is projected to grow year-on-year (Y-o-Y) growth of 8.2% in 2022.

Potato soup market is expected to reach a valuation of US$ 1.7 Bn by 2032.

Demand for potato soup grew at 7.7% CAGR between 2017 and 2021.

In terms of product type, baked potato soup is expected to dominate the global potato soup market.

Based on flavor, flavor segment is likely to witness high growth over the assessment period of 2022-2032.

“Potato soup acts as a convenient meal throughout all the time with a much applied versatility with different flavours, which makes it a hearty meal at any time of day for anyone. To capitalize on this existing trend, retailers are stocking the products in shelves with a range of quality to stand in profit,” says a Future Market Insights analyst.

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Competitive Landscape

Key potato soup brands are conducting several researches and looking for new strategic partnerships, while key business brands are focusing on developing the applications in food industry to generate high quality food and beverage solutions. Key players are focusing on new formulations and product innovations to gain market share and attract more customers towards the product.

Ø In 2018, Campbell Soup Company announced to launch a new drink, which is a blend of water with sweet potato juice, and act as an isotonic beverage post workout. The gluten-free product is a plant based soup, and non-GMO in nature. Glucose of sweet potatoes and electrolytes are blended in the product with purified water to create the soup that is filled with nutrients and isotonic fluids.

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Potato Soup Market by Category

By Product Type:

  • Plain
  • Baked
  • Mixed
  • Others

By Packaging Type:

  • Fresh
  • Frozen
  • Canned
  • Others

By Flavor:

  • Unflavoured
  • Flavoured

By Product Format:

  • Cream
  • Powder
  • Chunk
  • Paste
  • Others

By Usage Format:

  • Ready to Cook
  • Ready to Eat

By Sales Channel:

  • B2B / HoReCa
  • B2C

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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Prefilled Formalin Vials Market Envisioning a Striking Surge to US$ 515.8 Million by 2028

Prefilled Formalin Vials Market
Prefilled Formalin Vials Market

The prefilled formalin vials market share surges ahead, poised to reach a remarkable US$ 515.8 million by 2028, driven by a compound yearly growth rate of 4.1%. At the forefront of pathology innovation, this market revolutionizes specimen storage, offering a convenient and efficient solution for formalin preservation.

Prefilled formalin vials emerge as the cornerstone of modern pathology, providing a ready-to-use and standardized approach to specimen handling across diverse medical applications. From tissue fixation to laboratory analysis, these vials streamline the specimen preservation process, empowering healthcare professionals with reliable and efficient tools for diagnostic excellence.

As the demand for robust specimen preservation methods continues to escalate, the Prefilled Formalin Vials Market stands ready to meet the evolving needs of pathology practices worldwide. By leveraging the power of formalin derivatives and prefilled vial technology, this market plays a pivotal role in advancing the standards of patient care and diagnostic accuracy.

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Prefilled Formalin Vials Market: Overview

According to the new European rules and guidelines, it is essential to protect the environment and the health of the workers who work in an environment where they are directly exposed to aldehydes.

Emission of formalin fumes in pathology labs can lead to serious health hazards. The discharge of these fumes can be avoided by using chemical hoods, particularly in operation theatres, where formalin is mostly used.

The need to lower the level of formalin emission has surged the demand for prefilled formalin vials, and the growth of the prefilled formalin vials market.

In the medical ambulatories including ambulatory surgical centers where small biopsies are performed, the challenges associated with formalin usage are dealt primarily by using prefilled formalin vials or tubes.

Direct exposure to formalin increases the risk of developing cancer. Prefilled formalin vials limit the risk of direct exposure to formalin.

This factor, in particular, is likely to play an instrumental role in driving the growth of the prefilled formalin vials market.

The prefilled formalin vials can be used for diversified applications in distinct end-use settings such as forensic labs, CROs, emergency medical services, diagnostic laboratories, and veterinary laboratories, among others.

Formalin being a cost-effective method of histopathological diagnosis plays a vital role in the healthcare industry, as it cuts down the unnecessary costs associated with the procedural changes related with the usage of new alternative fixatives.

In the European Union (EU) in 2021, 971,000 workers were estimated to be exposed to formaldehyde above the background level.

Out of these, 175,380 were registered in Italy. Formaldehyde is commonly known to have acute toxicity, resulting in sensory irritation in the eyes and upper respiratory tract.

The demand for formalin from veterinary clinics and forensic laboratories has remained stable, but is likely to decline in the near future.

This is primarily to due to strict regulations regarding the usage of formalin across the globe.

Prefilled Formalin Vials Market: Key Players

The report tracks some of the key companies operating in the prefilled formalin vials market, such as Diapath S.p.A, Histo- Line Laboratories Srl, Cardinal Health, Inc., Leica Microsystems Sales GmbH (Leica Biosystems Nussloch GmbH), Genta Environmental Ltd., Carl Roth GmbH + Co. KG, Magnacol Ltd., Serosep Limited, Ultident Scientific and Solmedia Limited.

Prefilled Formalin Vials Market: Segmental Analysis

Prefilled formalin vials are commercially available in different packaging forms in the global prefilled formalin vials market.

Of these, 90 – 500 mL prefilled formalin vials are high in demand in the global prefilled formalin vials market, owing to the fact that there is no alternative fixative validated to be served as formalin replacement.

Likewise, the 40 – 60 mL prefilled formalin vials segment is also projected to hold significant revenue share as their adoption is increasing in diagnostic and forensic laboratories.

Diagnostic laboratories and CROs performing cancer research and diagnostics are the primary consumers of prefilled formalin vials.

According to FMI, the contract research organizations segment accounted for over 28.8% revenue share in the global prefilled formalin vials market in 2021.

Formalin is a cost-effective method of histopathology diagnostic in the West and East Asia, owing to which the demand for prefilled formalin vials has increased in the region.

Furthermore, the growing incidence of cancer in Asia Pacific due to changing lifestyle of people is likely to boost the growth of the prefilled formalin vials market in the region.

Presence of large number of companies with sole focus on providing high-quality prefilled formalin vials and rising disposable income in Japan are factors expected to surge the demand for prefilled formalin vials in the country.

FMI has segmented the global prefilled formalin vials market based on product type and end users.

In terms of revenue, the 90 – 500 mL product type segment in the prefilled formalin vials market is expected to hold significant share over the forecast period.

In contrary, the <10 mL product type segment in the prefilled formalin vials market is expected to exhibit limited investment opportunities, in terms of revenue, through 2028.

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Prefilled Formalin Vials Market by Category

By Product:

  • <10 mL
  • 10 – 20 mL
  • 20 – 40 mL
  • 40 – 60 mL
  • 60 – 90 mL
  • 90 – 500 mL
  • 500 mL – 1 lit.

By End User:

  • Hospitals
  • Clinics
  • Emergency Medical Services
  • Diagnostic Laboratories
  • Academic Institutes
  • Forensic Laboratories
  • Contract Research Organizations
  • Veterinary Clinics
  • Veterinary Laboratories
  • Veterinary Hospitals

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • 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.

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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Organic Acids Ascend: Global Market to Reach US$ 18.8 Billion by 2032 with a Steady 5.3% CAGR | FMI Study

Organic Acid Market
Organic Acid Market

The organic acid market is expected to reach a valuation of US$ 11.3 Bn in 2022. Sales of organic acids are anticipated to increase at a CAGR of 5.3%, reaching a valuation of US$ 18.8 Bn by 2032.

Organic acid is used in the food and beverage sector as a preservative to prolong the shelf life of food without altering its taste or flavour. It is also used in beverages due to its anti-oxidizing and anti-bacterial properties.

These acids have multiple applications in animal feed industry to inhibit bacterial growth and provide hosts with nutritional content. They are used in cosmetics to get rid of dead cells and nourish skin. Owing to these factors, demand for organic acids is expected to rise in the forthcoming years.

Consumers are adopting a healthy lifestyle and are conscious about the intake of any products that contain chemical ingredients which be harsh on their skin or cause any side effects because of daily consumption.

Consumer preference for brands that are offering organic products without harmful chemical additives is expected to influence the demand for organic acids. To fulfil rising consumer demand for natural products, manufacturers are developing technologies and clean label products that do not cause any harm to environment and human health.

Asia Pacific is expected to witness surge in demand for organic acids due to less stringent policies. North America is expected to be the hub for manufacturing and export of different organic acids due to easy availability of infrastructure and technical know-how.

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 “Growing preference for clean label products across the food & beverage sector, coupled with increasing incorporation of organic acids in animal feed will steer growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • The organic acid market is expected to grow at CAGR of 5.2% and 4.2% in North America and the Latin America, respectively, through 2032.
  • Asia Pacific is expected to account for 30% of the total organic acid market share share.
  • The Europe organic acid market is expected to reach a valuation of US$ 4.5 Bn over the forecast period.
  • Total sales in the U.S. organic acids market will reach a valuation of US$ 2.1 Bn in 2022.
  • The India organic acid market valuation will total US$ 1.07 Bn in 2022.
  • By application, sales in the poultry and farming segment are projected to account for 30% of the total market share.
  • Based on product type, demand for citric acid will continue gaining traction.

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Competitive Landscape

Key organic acid manufacturers are focusing on research & development to offer various products with no chemical additives. Key players are collaborating and developing new products to penetrate untapped markets. For instance:

  • Eastman Chemical Company announced the acquisition of 3F Feed & Food, a European pioneer in the commercial and technical producer of livestock feed and human food additives. 3F’s operations and assets, which are based in Spain, will improve and support Eastman’s animal nutrition industry’s sustained future demand and will be integrated into the company’s Additives & Functional Products division.

Organic Acid Market By Category
By Product Type:

  • Acetic Acid
  • Formic Acid
  • Propionic Acid
  • Ascorbic Acid
  • Lactic Acid
  • Citric Acid
  • Gluconic Acid
  • Fumaric Acid
  • Malic Acid
  • Other Acids

By End-Use Application:

  • Poultry and Farming
  • Pharmaceuticals
  • Industrial
  • Food & Beverages

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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
LinkedInTwitterBlogs | YouTube