Explore the potential of the global ferulic acid market, which reached US$ 67.8 million in 2022 and is projected to grow at a robust CAGR of 6.74%, reaching US$ 130.1 million by 2032. Ferulic acid, a potent antioxidant with diverse applications, is not only a key ingredient in anti-ageing creams but also plays a role in battling cancer and aiding diabetes treatment.
According to the FMI’s report, the Ferulic Acid market is projected to record a CAGR of 5.7% over the forecast period. Significant growth of end-use industries, robust product innovations, and a wealth of distribution networks continue to influence growth of the Ferulic Acid market. FMI’s analysts rely on modern-day research methods for the compilation of the Ferulic Acid market report and gather data from a wide range of primary and secondary sources.
Steady Growth: Ferulic acid market’s anticipated CAGR of 6.74% presents a stable growth opportunity.
Diverse Applications: Beyond skincare, ferulic acid’s wide-ranging biological activities make it a valuable asset in pharmaceuticals, offering versatility and market expansion.
Regional Focus: North America, with a 13.5% market share, and Europe, holding 24.2%, present lucrative investment prospects due to rising healthcare demands and innovative treatments.
Ferulic Acid Market: Competition Assessment
The FMI’s Ferulic Acid market report provides a dashboard view of major players operating in the Ferulic Acid market. Some of the key players are:
Delekang
Top Pharm
Healthful International
Ankang
Huacheng
Hubei Yuancheng
App Chem-Bio
Yuansen
Shanghai Bettersyn Biotech
Oryza
OkayasuShoten
CM Fine Chemicals
With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Ferulic Acid market.
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.
As per the reports published by FMI, the global green fertilizer market is projected to have an average-paced CAGR of 4.5% during the forecast period. The current valuation of the market is US$ 2,145.73 Million in 2023. The market value of the green fertilizer market is anticipated to surpass a market valuation of US$ 3,332.26 Million by the year 2033. A historical market valuation of US$ 2,053.33 Million has been recorded by the analysts of Future Market Insights for the concerned market during the base year.
FMI has analyzed that the urban population is becoming more concerned about their health they are increasingly focusing on the consumption of food that is free and devoid of chemical or synthetic substances. This is identified as a key element impelling the farmers to tilt towards the adoption of green fertilizers.
There are several advances made in the technological field to manufacture green fertilizers by utilization of genome and biotechnological tools. Furthermore, stringent regulations imposed by the government to reduce carbon footprints and sustainable techniques for the production of healthy crops are identified to segment the growth of the market through the forecast period.
However, a high cost associated with the production of green fertilizers, coupled with the high availability of synthetic fertilizers at cheaper prices is anticipated to hinder the pace of advancement through 2033.
Key Takeaways from the Green Fertilizers Market
The green fertilizers market has witnessed an approximate surge of US$ 92.4 Million from the base year to the current.
The alkaline water electrolysis segment is projected to advance at a moderate pace, recording a CAGR of 6.5% through 2033. This segment is likely to surpass a valuation of US$ 121.36 Million by 2033.
The nitrate-based fertilizer segment registered a CAGR of 5.3% in 2023 and is currently holding a market value of US$ 64.09 Billion.
The North American Region is expected to hold dominant shares through the forecast period and is advancing at a CAGR of 6.3% in 2023.
“Increasing demand from farmers for fertilizers that have relatively long shelf-life, and easy transportation is likely to create lucrative growth opportunities for the green fertilizer manufacturers.” – Says an FMI Analyst.
Competitive Landscape in the Green Fertilizers Market
The key market players operating in the green fertilizers market are embarking upon new product launches that include plant-based green fertilizers. Due to the existence of numerous international and regional companies, the market for green fertilizers.
It is very competitive to strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world.
Yara International ASA, Siemens Energy, Origin Energy Limited, Iberdrola, S.A., HY2GEN AG, and Hive Energy are some of the key players in the market.
Recent Developments
In March 2021, CoverCress (U.S) raised a considerable sum of US$ 8.0 million from Bungee, which is a giant unit of agribusiness. The investment made is likely to help the company in scaling up the development of crops of pennycress. This is used as a cover crop after the corn harvest.
In January 2021, ThyssenKrupp AG secured an engineering contract for the installation of an 88-megawatt (MW) water electrolysis plant for the Canadian energy company, Hydro-Quebec. It is identified that the water electrolysis plant is likely to produce 11,100 metric tons of green hydrogen annually.
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.
Investors eyeing the dynamic immune health supplements market, projected to reach US$ 63.5 billion by 2033, with a CAGR of 10.4%, can explore tailored supplements, elderberry’s antioxidant surge, and vitamin D-enriched products. Proven historical growth at 11.4% (2018-2022) and a robust forecast of 10.4% (2023-2033) position this market for steady returns. Mid-term projections suggest sustained interest, driven by innovation and expanding geriatric populations. Long-term stability reflects the industry’s commitment to holistic well-being. Key trends include personalized supplements, mushroom-based innovations, and eco-friendly practices, aligning with the evolving health-conscious consumer preferences.
The elderly population, often more vulnerable to illnesses, has emerged as a significant demographic fueling the industry’s growth. With a growing aging population worldwide, the demand for immune-boosting supplements tailored to the needs of seniors has witnessed a substantial increase. Furthermore, the industry’s expansion is closely tied to continuous innovations in health supplements.
While the immune health supplements industry enjoys robust growth, it has challenges and restraints. One notable restraint is the intensifying competition within the market. As more companies enter the space to capitalize on the growing demand for these supplements, competition for market share has become fierce. This heightened competition can make it challenging for individual brands to maintain their competitive edge.
The immune health supplements industry presents several exciting opportunities for growth. One notable opportunity lies in the growing preference for natural and herbal immune supplements. Consumers are increasingly turning to herbal supplements like elderberry, echinacea, and astragalus due to their perceived natural and holistic benefits. Meeting this demand by developing and marketing high-quality herbal products presents a significant opportunity for industry players.
The broader health and wellness trend is encouraging consumers to seek out preventive health measures, including supplement consumption. Educating consumers about the benefits of immune health supplements and how they fit into a holistic wellness routine is a promising avenue for growth.
One of the ongoing trends shaping the immune health supplements industry is the surge in demand for elderberry supplements. These supplements are experiencing increased popularity due to their antioxidant and immune-boosting properties. Manufacturers are seizing this opportunity by introducing new elderberry-based products to cater to the growing demand. Furthermore, the importance of vitamin D in immune function has come into focus, particularly in regions with limited sun exposure. Products fortified with vitamin D are on the rise, and consumers are showing heightened interest in these formulations, driving further innovation in this segment.
Key Takeaways from the Immune Health Supplements Market:
Immunity booster powder is poised for significant growth, capturing a substantial market share.
Herbal supplements are expected to witness rapid growth, driven by awareness of their benefits.
Pharmacies and drug stores are expected to experience increased demand for immune support products.
Gummies and powders in the immune health segment are on the rise.
The United States dominates the global market with a 22.6% share, driven by a health-conscious population and research and development efforts.
Germany has a 6.5% market share and is known for its quality standards and preference for herbal supplements.
Japan holds a 3.2% market share due to an aging population and a focus on traditional ingredients.
Australia focuses on natural and sustainable products, holding a 3% market share.
China’s significant market share of 10.5% is driven by a massive population and health awareness.
India accounts for 6.4% of the market share, with eCommerce platforms driving growth.
The immune health supplements industry is a bustling arena, featuring a multitude of players vying for a slice of the market share. In this industry, pharmaceutical behemoths like Bayer AG, armed with global reach and robust research and development capabilities, offer a diverse array of immune support products. Pfizer Inc., renowned in healthcare, capitalizes on its trusted name to promote its immune support offerings. Swisse Wellness Pty Ltd., with its premium wellness products and focus on natural ingredients, stands tall as a formidable competitor. Glaxo SmithKline Inc., a leading pharmaceutical player, leverages its research expertise and worldwide presence to further intensify competition.
Continuous investments in research and development yield unique immune health supplements, often infused with probiotics and herbal extracts. Personalized supplements tailored to individuals’ health data and genetic profiles are gaining traction for their potential to boost immune support.
Recent Developments in the Immune Health Supplements Market:
Glanbia plc, a global nutrition and wellness company, announced in February 2023 that it acquired the probiotics company BioGaia for around US$ 1.7 billion.
Nature’s Sunshine Products, a leading direct-selling health and wellness company, launched in March 2023 a new line of immune health supplements called ‘Immune Defense.’
NOW Foods, a leading manufacturer and distributor of dietary supplements, introduced in April 2023 a new line of immune health supplements called ‘NOW Immune.’
Jamieson Wellness, a leading Canadian manufacturer and distributor of vitamins and supplements, launched in May 2023 a new product called ‘Jamieson Immune Defense.’
Solgar, a leading manufacturer and distributor of dietary supplements, introduced in June 2023 a new product called ‘Solgar Immune Support.’
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.
Explore the lucrative landscape of the convenience food market poised for substantial growth. With a projected CAGR of 7.2%, the market is anticipated to reach a value of US$ 1,138.8 million by 2033. Delve into key factors driving this expansion, including the evolving consumer tastes, innovations in natural components, and the impact of digitization on sedentary lifestyles.
Investment Insights:
Market Potential: Uncover the anticipated revenue growth from US$ 591.5 million in 2022 to a staggering US$ 1,138.8 million by 2033, presenting investors with a compelling opportunity for significant returns.
Innovative Trends: Explore the rising demand for convenience foods due to factors like urbanization, sedentary lifestyles, and the convenience of instant preparation. Discover how the market adapts to critical times, such as pandemics, driving sustained demand.
Regional Dominance: Understand the regional dynamics, with Europe holding the largest market share at 40.5%, and North America closely following at 33.8%. Gain insights into the factors driving the market in these key regions.
Startup Spotlight: Identify promising startups revolutionizing the industry, offering personalized, nutritional, and innovative convenience meals. Evaluate investment opportunities in companies like Hometaste, Deliciously Clean Eats, Fresh Meal, Mosaic, and Malferida.
Challenges and Opportunities: Navigate through challenges such as storage and preparation facilities, preservatives’ impact, and regulatory constraints. Identify opportunities for market growth through the demand for diverse cuisines and consumer-driven innovations.
With a sizeable market share of 17.2%, the United States dominates the market for convenience foods. This demonstrates the nation’s strong preference for fast food options, influenced by busy schedules and a strong desire for time-saving meal options.
Germany’s 6.2% market share demonstrates the hunger for convenience meals in the nation. This shows that German customers increasingly seek quick and simple meal options to meet their busy lifestyles.
With a sizable market share of 10.2%, China exhibits exceptional market growth. The rising demand for fast food options in the Chinese market is mostly due to the country’s growing middle class, urbanization, and shifting consumer preferences.
With a significant market share of 4.6%, Japan demonstrates the inclination of Japanese customers for convenience food. An engaged workforce and a need for quick and practical food options might explain this.
Australia and the United Kingdom have smaller market shares of 1.8% and 3.9%, respectively. However, due to factors including evolving lifestyles, urbanization, and a growing need for quick-to-prepare foods, these markets still provide market penetration and expansion opportunities.
“The growing demand for convenience food in today’s fast-paced lifestyle. With consumers seeking convenient meal options that save time and effort, the convenience food industry is witnessing significant growth, driven by a variety of ready-to-eat and pre-packaged options. This trend is expected to continue as consumers prioritize convenience without compromising on taste and nutrition” – says a lead Future Market Insights (FMI) analyst.
Competitive Landscape
The market for convenience foods has a very high level of competitiveness. To keep ahead of the competition, the market is dominated by several significant businesses continually inventing and creating new items. Several smaller regional competitors are also present in the market and frequently have a price and convenience advantage.
Nestle
Swiss multinational food and beverage corporation Nestle has its headquarters in Vevey. By revenue, Nestle is the biggest food corporation in the world, and it dominates the market for convenience foods. Lean Cuisine, Stouffer’s, and Hot Pockets are a few of Nestle’s convenience food brands.
Unilever
An international consumer goods manufacturer headquartered in London, England, is called Unilever. The second-largest food firm in the world by revenue, Unilever, is well-represented in the market for convenience foods. The convenience food brands owned by Unilever include Knorr, Hellmann’s, and Ben & Jerry’s.
Tyson Foods
The corporate headquarters of the American multinational food company Tyson Foods is in Springdale, Arkansas. The world’s biggest producer and marketer of chicken, beef, and pork, Tyson Foods also holds a sizable share of the convenience food market. Jimmy Dean, Hillshire Farm, and Ball Park are some of Tyson Foods’ convenience food brands.
Conagra Brands
Chicago, Illinois, serves as the corporate headquarters for Conagra Brands, an American international food corporation. It is well-known in the market for convenience foods. Convenience food brands owned by Conagra Brands.
The expansion of Internet sales has significantly boosted the demand for convenience foods. Consumers are using digital platforms to conveniently buy their preferred convenience food goods as online grocery shopping is popular.
The emergence of meal kits has altered customer attitudes toward home cooking in the convenience food industry. These pre-packaged kits give customers pre-portioned ingredients and thorough instructions so they can easily make home-cooked meals without worrying about grocery shopping or meal planning.
Key Segments Profiled in the Convenience Food Market Survey
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.
The hair lightening products market size is projected to reach a valuation of US$ 7.32 Billion in 2022, likely to surge at a vigorous 4.4% CAGR during 2022 to 2032.
Using bleach or dye, hair lightening is the process of changing someone’s hair colour.There are a number techniques to lighten hair, including balayage or highlight techniques, extremely minor colour change treatments, and full head bleaching.Individuals purchase products from stores that lighten their hair in an effort to look beautiful.
Recent trends show more people using hair lightening, especially for bright white-blonde highlights. They also like natural or organic products to make their hair lighter. These include things like pink and copper penny solid brunette colours, baby blonde shades and silver looks too!
The sale of hair lightening products is going up because more people are ready to spend money on things like this.Hair lightening items have become very popular in the last few years.Many people are buying hair lightening products to spend their money on things that help with taking care of and styling the hair.
Increasing popularity of hair lightening products and changing lifestyle are the drivers for the market. Consumers’ shifting focus from chemical based products to natural or organic lightening products has engaged manufacturer in producing natural & organic hair lightening products.
The growing trend for beauty products, increasing desire of attractiveness and changing lifestyle has a greater impact on hair care products which further drives the hair lightening products market. The spray and shampoo are the most popular products among consumers in hair lightening products category. Now a days, manufacturers are coming up with new innovations and features. As an example, the producers have introduced sulfate-free color stay shampoo which does not irritates sensitive skin and scalps of users.
The demand for natural and organic hair lightening products is being driven by rising awareness of the dangers of utilising chemical hair products. Increased disposable income and purchasing power are also increasing cosmetics sales, which in turn is driving the sale of hair whitening products. Furthermore, the presence of e-commerce propels the market for hair lightening products.
The hair lightening products market is expected to register a healthy growth across all the geographies during the forecast period. The individual’s use of hair lightening products is growing and the commercial segment is likely to push market the sales of hair lightening products market. Manufacturers of hair care & styling products are expanding their operations into developing regions such as China, India.
These countries are considered as emerging countries with potential opportunities. Changing lifestyle and growing fashion sense drives the hair lightening products market. In terms of market share, North America holds a significant share of the market. The market significance is attributed to several factors such as new product launches, technological innovation, and product adoption rate. Growing demand for professional hair care services also drive the sales of hair lightening products. Middle East & Africa is projected to showcase steady growth in the global hair lightening products market due to the growth in beauty products.
Hair Lightening Products Market: Key Players
Some of the key players operating in the global Lakme, Loreal, Quai, John Frieda, Klorane, Sun Bum, IGK, Farouk Systems, Inc. and others
The research report presents a comprehensive assessment of the hair lightening products market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for hair lightening products market. The research report of hair lightening products provides analysis and information according to market segments such as geographies, product type, price, and application
The Hair Lightening Products market report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
The Hair Lightening Products regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
East Asia (China, Japan, South Korea)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The hair lightening products report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report for hair lightening products provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The hair lightening products market report also maps the qualitative impact of various market factors on market segments and geographies.
The hair lightening products market is segmented into different parts based on the product type, nature, price range, application, and sales channel.
On the basis of product type, the global hair lightening products market has been segmented as –
Cream
Spray
Shampoo
Mask
On the basis of nature, the global hair lightening products market has been segmented as –
Organic
Natural
Conventional
On the basis of price range, the global hair lightening products market has been segmented as –
High Range
Mid-Range
Economical
The Hair Lightening Products Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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.
Explore the rising global bee venom extract market, projected to surge from US$ 378.0 million in 2023 to an estimated US$ 618.6 million by 2033, boasting a robust CAGR of 5.0%. Investors can delve into the industry’s potential driven by the increasing demand for bee venom in modern medicine, highlighting its anti-inflammatory properties and diverse therapeutic applications.
Apitoxin or bee venom extract market, is expected to be driven by the surge in demand for bee venom in the pharmaceutical and medical sectors. The bee venom extract is believed to have anti-inflammatory and antioxidant properties and is actively being researched.
Bee venom is used in the production of therapeutic products and this therapy known as Apitherapy or bee therapy is gaining popularity in many regions, including North America. Health conditions such as arthritis, multiple sclerosis, and certain skin disorders are potentially believed to be cured using bee venom.
Medical Advancements: Uncover the expanding role of bee venom in treating conditions such as rheumatoid arthritis, psoriasis, and nerve pain, positioning it as a promising element in modern medical practices.
Skincare Revolution: Witness the growing popularity of bee venom extract in natural skincare products, tapping into the rising demand for anti-aging and anti-inflammatory solutions in the beauty industry.
Sustainability and Ethical Practices: Understand the industry’s commitment to sustainable bee venom extraction methods, aligning with the global trend towards ethical and environmentally friendly practices.
Investment Opportunities: Identify key investment avenues, including research and development for therapeutic applications, expansion of production facilities, and strategic collaborations to enhance market reach.
Trends Driving Profitability: Stay ahead of the curve with insights into niche cosmetics, combination formulations, and sustainable packaging solutions, reflecting the industry’s innovation and adaptability.
The growing awareness for bee venom extract in its organic, chemical-free form and its profound application in the personal care industry is rising the trend in the skincare and cosmetic care industry for concerns like treating eczema, acne, dry skin and reducing stretch marks. This leads to a rise in the growth of the bee venom market.
Key Takeaways from the Market:
The global bee venom market size developed at a CAGR of 2.0% from 2018 to 2022.
In 2018, the global market size stood at US$ 335.1 million.
The global market size was valued at US$ 363.5 million in 2022.
The India segment is predicted to expand at a CAGR of 6.2% during the forecast period.
The United States captured a market share of 29.9% in 2022.
In 2022, Australia captured a market share of 2.5% in the global market.
The bee venom market in China is anticipated to expand at a CAGR of 4.0% during the forecast period.
Competitive Landscape
Some of the prominent players of the bee venom extract market are Bee Whisper, ApiHealth NZ Ltd, Fernz, Abeeco Pure, Citeq Biologics, and Others. These players have been expanding their presence in developing economies over the past few years. They use business strategies such as product innovations, partnerships, stepping up their marketing campaigns, and mergers and acquisitions to boost their market share.
Recent Developments
BeeVital introduced the VarroMed, the first veterinary medicine registered in the EU for use in spring, late summer and winter.
Manuka Health, a honey collective of about 1.5 billion bees dedicated to inspiring a reconnection with nature, aims at planting 1 million Manuka trees by 2025.
Ready to tap into the potential of the Bee Venom Extract Market? Get an edge over your competitors with comprehensive insights. Buy now and gain access to detailed segment information.https://www.futuremarketinsights.com/checkout/3991
Key Segments of the Bee Venom Extract Market
By Type:
Liquid
Powder
By Application:
Pharmaceutical
Cosmetic & Personal care
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa
Europe
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.
The eyewear market is likely to hold a valuation of US$ 291.00 billion by 2033. As of 2023, the market value is US$ 169.10 billion. As the population of individuals dealing with vision-related problems foresees growth, the eyewear market is expected to expand by 5.6% CAGR for the forecast period of 2023 to 2033.
According to the World Health Organisation (WHO), 2.2 billion people worldwide suffer from poor vision as a result of frequent use of computers, tablets, and phones. This figure is anticipated to rise in the upcoming years as well. According to an additional estimate, if patients took the recommended medications and wore the appropriate glasses, 80% of these issues might be avoided or resolved. When taken as a whole, these data indicate that there is a global need for glasses among people.
People usually wear glasses to fix their eyesight problems caused by nearsightedness, uneven myopia or astigmatism. Besides these, it can also be suggested by eye doctors right away after the patient has had surgery on their eyes. With many parts of the world having older people, there will probably be a big increase in demand for eyewear. This is because old folks are likely to have problems with their eyesight.
Outside of doctor’s offices, glasses are now a big part of what people wear everyday in terms of clothing and style. Big companies are working with famous people from social media, stars and sports players to help advertise their glasses well. People who play sports and care about staying fit help make money for the eyewear business when doing adventure things.
“The eyewear market is now very condensed due to numerous international brands. These brands have to come up with innovative marketing strategies to always stay in touch with their loyal consumers. In the last few years, it can be noticed that brands have been heavily investing in developing frames and lenses from sustainable materials that can be 100% recycled”
Key Takeaways from the Eyewear Market Report:
The eyewear market is expected to grow by 5.6% for the forecast period of 2023 to 2033.
Metal-framed glasses and spectacles dominate the global eyewear market, with an overall revenue share of 45%.
Regarding product type, sunglasses capture a 10% of the global eyewear market revenue.
India is the leading market for eyewear, with a remarkable growth rate of 8% CAGR from 2023 to 2033.
India is followed by China (6.60%), Germany (6.20%), and Singapore (6.20%) in terms of eyewear market growth.
Competitive Landscape of the Eyewear Market:
A mix of well-established and niche-focused companies characterizes the eyewear market’s competitive landscape. Ray-Ban, Oakley, Gucci, etc., have historically had an essential market share for years.
These companies have a prolonged consumer base and are constantly making innovations to keep up with recent trends in the fashion industry. Small brands need help to maintain their position in the market. In the past few years, there has been an influx of celebrity-owned brands in the international and local marketplaces.
Ray-Ban has launched a new generation of Ray-Ban Meta smart glasses in partnership with EssilorLuxottica, which can shoot and record HD videos in just one touch. Users can also go live on their social media platforms using the camera of these sunglasses.
Marchon, one of the most prominent eyewear designers and producers in the world, is finding inventive ways to use recycled and bio-based materials in the 22 million frames it produces annually for brands like Lacoste, Nike, and Calvin Klein. The company has announced that it would soon manufacture frames from castor beans.
Ampere, the world’s leading eyewear, recently announced a series of glasses with the world’s first light and touch-responsive, prescription-ready glasses with instant electronic tint control.
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.
Unlock the potential of the booming global frozen vegetables market, poised to grow from US$ 32.4 Bn in 2022 to a projected US$ 55.8 Bn by 2032, showcasing a promising 5.6% CAGR. Investors are drawn to the industry’s resilience, driven by factors such as the retention of high nutritional value through freezing, rising demand from emerging markets like China and India, and a surge in health-conscious consumers.
Frozen veggies have a longer shelf-life, as compared to fresh vegetables and are thus easier to transport in various parts of the globe. These are stored at a temperature that is lower than the freezing point.
Moreover, increasing purchasing power, rising spending capacity of consumers, and wider availability and affordability of frozen vegetables are expected to fuel growth in the market in the next ten years.
Additionally, rapidly changing lifestyles & diet schedules and adoption of healthier eating habits are set to drive the market. Surging number of large retail chains worldwide is another vital factor that is projected to accelerate growth in the market.
Strategic Growth in Emerging Markets: Witness the rapid progression of the U.K. frozen vegetables market, fueled by the growing demand for vegetable frozen mixes among the working population. Explore the trend of veganism driving sales in India and China, indicating significant growth opportunities.
Product Focus: Delve into the most preferred product type – frozen corn, set to lead with its versatile applications in various recipes worldwide.
Distribution Dynamics: Evaluate the dominance of the indirect distribution channel, particularly the online retailers sub-segment, as companies adopt online portals for selling frozen green vegetables.
Key Takeaways: Frozen Vegetables Market
Europe is expected to dominate the global market by accounting for the maximum share of about 30% in 2022, followed by North America.
The U.S. is set to generate the largest frozen vegetables market share of nearly 82% in the evaluation period.
By product type, frozen corn is expected to account for the lion’s share in the global frozen vegetables market by 2022.
Based on distribution channel, online retailers are expected to grow at a steady pace, as compared to all the other segments over the assessment period (2022-2032).
Rising number of convenience food sales outlets across the U.K. is anticipated to propel the Europe frozen vegetables market in the forthcoming years.
“Demand for frozen vegetables is increasing globally because of surging consumption by the health-conscious millennial population,” says a Future Market Insights analyst.
Several key players are adopting numerous marketing and promotional strategies such as partnerships, collaborations, mergers & acquisitions, new product launches, and geographical expansions to compete with their rivals in the market.
More Valuable Insights on Frozen Vegetables Market
Future Market Insights, in its new report, offers an impartial analysis of the global frozen vegetables 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 (broccoli, green peas, asparagus, mushrooms, spinach, corn, green beans, and others), end user (food service industry and retail customers), and distribution channel (direct and indirect) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa) of the world.
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.
Collaborative robots, also known as cobots, are transforming the landscape of industrial automation with their ability to work alongside humans safely and efficiently.
The global collaborative robots market is projected to record a high-paced CAGR of 25.1% during the forecast period. The current valuation of the collaborative robots market is US$ 2.2 billion in 2023 and is anticipated to reach a high of US$ 20.5 billion, by the year 2033.
The use of robots in industrial operations has also lowered the amount of workplace accidents. Furthermore, they significantly improve product quality, which in turn are growing demand across a wide range of businesses and sectors. Several retailers and e-commerce behemoths have begun to invest in robotic technology, which play an important role in managing their logistics and supply chain activities. These businesses are currently implementing robotics to aid their warehouse workers. Growing demand for cobots in the logistics sector is expected to give profitable growth opportunities for the business over the predicted timeframe. Moreover, depending on the assembly process, throughput might be significant than in typical robotic systems.
Enhanced Safety: Collaborative robots are designed to operate safely alongside human workers without the need for physical barriers or safety cages. Advanced sensors and built-in safety features enable cobots to detect and respond to human presence, reducing the risk of accidents and injuries in the workplace.
Increased Productivity: By automating repetitive or strenuous tasks, collaborative robots help boost productivity and efficiency in manufacturing and logistics operations. Cobots can perform a wide range of tasks, including assembly, pick-and-place, packaging, and quality inspection, allowing human workers to focus on more complex or value-added activities.
Flexibility and Adaptability: One of the key advantages of collaborative robots is their flexibility and adaptability to changing production needs. Cobots can be easily programmed and reprogrammed to perform different tasks or work in various environments, making them ideal for agile manufacturing processes and small-batch production runs.
Cost-Effectiveness: Collaborative robots offer a cost-effective automation solution, particularly for small and medium-sized enterprises (SMEs) with limited budgets and space constraints. Compared to traditional industrial robots, cobots are often more affordable, easier to install, and require minimal integration efforts, making them accessible to a wider range of businesses.
Improved Ergonomics: By taking over repetitive or ergonomically challenging tasks, collaborative robots help reduce the risk of musculoskeletal disorders (MSDs) and other work-related injuries among human workers. Cobots can handle heavy payloads and perform precision tasks with consistent accuracy, minimizing the physical strain on human operators.
In May 2019, the Saudi government declared a US$ 30 billion investments to enhance warehousing facilities through the deployment of advanced autonomous robots in newly built warehouses across Saudi Arabia, consequently contributing to the growth of the cobots market in this region during the forecast period.
In October 2019, the South Korean government pledged a US$150 million commitment to build intelligent robots for diverse industrial applications such as warehousing and logistics, therefore accelerating the expansion of the cobots industry.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
The Laparoscopic devices market sale is one illustration of how advancements in medicine are changing how people perceive and do procedures. Small incisions and sophisticated equipment with lights and cameras are used in laparoscopic treatments, often known as minimally invasive surgeries. Patients benefit from less pain, a speedier recovery period, and better cosmetic results with this procedure than with standard open surgery. Because laparoscopic instruments are now widely available and employed in specialties like gynaecology and general surgery, surgery has evolved.
From US$ 12.3 billion in 2022 to US$ 18.4 billion by 2029, the worldwide market for laparoscopic devices is anticipated to expand at a 5.8% CAGR.
The hallmark of laparoscopic procedures lies in their minimally invasive nature. Instead of large incisions, surgeons make small openings through which they insert slender instruments and a tiny camera. This approach reduces trauma to surrounding tissues, leading to less postoperative pain, reduced scarring, and faster healing. Patients benefit from shorter hospital stays and quicker return to their daily activities, marking a significant improvement in their overall surgical experience.
The laparoscopic devices market is projected to experience significant growth during the next decade. On the back of rapid growth in demand for minimally invasive surgery and expanding application potential in colorectal and bariatric surgical procedures.
Increasing FDI influx in developing regions coupled with marketing and promotional activities are expected to boost the laparoscopic devices market over the following years, says the report.
Key Takeaways – Laparoscopic Devices Market Study :
Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.
Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.
The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.
Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.
Rising private and foreign investments in the laparoscopic devices market and adoption of subscription commerce marketing model by market players are anticipated to shape the overall laparoscopic devices market.
Adoption of Subscription Commerce Marketing Model :
Companies are adopting various marketing model schemes such as subscription commerce to boost the sale of laparoscopic devices. Under this scheme, companies provide medical devices such as laparoscopy devices on pay-per-use basis. Thus, various end use segments can have access to these devices which might otherwise be prohibitively expensive, which in turn is helping manufacturers to expand their market share for laparoscopic devices, globally.
Due to intense competition, manufacturers of laparoscopic devices use innovative pricing strategies to remain at the forefront. Expanding access of laparoscopic devices by educating healthcare professionals through various conferences and training is enabling companies manufacturing these devices to enhance the adoption and equipping healthcare facilities with the necessary tools to provide optimal care to patients.
Key Companies:
Olympus Corporation
Braun Melsungen AG
Intuitive Surgical Inc.
Medtronic plc.
Stryker Corporation
Smith & Nephew Plc
CareFusion Corporation
Ethicon US, LLC
KARL STORZ GmbH & Co. KG
Richard Wolf GmbH
Endocontrol SA
Tekno-Medical Optik Surgery GmbH
Laparoscopic devices market by Category :
By Product:
Direct Energy System Devices
Trocars/Access Device
Internal Closure Devices
Laparoscopes
Hand Access Instruments
Insufflation Devices
Robotic Assisted Surgical System
By Therapeutic Application:
Bariatric Surgery
Colorectal Surgery
General Surgery
Gynecological Surgery
Urological Surgery
By End User:
Hospitals
Ambulatory Surgical Centers
Clinics
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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