Market Research Blog – Page 3574 – New Product Development

Propelling Growth: Building and Construction Sector Fueling Demand for Propylene Carbonate in Paints and Coatings Market

The global propylene carbonate market is anticipated to expand at a steady 6.3% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Propylene carbonate is largely utilized as a solvent for the production of paints and coatings, cleaning solvent in the cleaning and degreasing industry, and as an electrolyte in Li-Ion batteries.

In recent years, companies are focusing on developing new materials with high purity levels at competitive prices. Propylene carbonate is utilized as a long-lasting and ‘green’ alternative for various chemical industrial solvents.

While due to its lower vapor pressure and negligible photochemical reactivity it is an effective substitute for toluene, acetone, NMP, and methyl chloride. Such aforementioned properties of propylene carbonate are expected to increase consumption concerning environmental regulations.

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The worldwide propylene carbonate market is being driven by factors such as increased usage of propylene carbonate in industrial processes as solvents, increased demand for paints & coatings, personal care.

Also, growing usage as a cleaning solvent in gas treating and petrochemical applications to boost the market. Propylene carbonate is extensively used in lithium-ion batteries to improve polarity by forming a solvation shell around lithium ions. It is also used in the production of cosmetics like lipsticks, mascara, eye shadow, and other similar items.

Regionally, the market is anticipated to be dominated by East Asia, which is expected to continue in the future evaluation period. Backed by the aforementioned factors, the global propylene carbonate market is projected to top US$ 463.7 Million by the end of 2032.

“Over the forecasted period, sales of propylene carbonates are expected to be driven by the increased utilization in Li-ion batteries and paints & coatings. Meanwhile, propylene carbonate is environmentally friendly and has the potential to effectively replace other hazardous chemical solvents,” says an FMI analyst.

Key Takeaways:

By product form, demand for aqueous propylene carbonate is expected to surge at a 4% CAGR over the forecast period.
The lithium-ion batteries & electronics segment is anticipated to grow at 7.5% CAGR during the forecasted period.
The personal care & cosmetics segment of the propylene carbonate market is anticipated to grow at a 7% CAGR through 2032.
The propylene carbonate market in the U.S. is anticipated to reach 6% CAGR by the end of 2032.
China will emerge as the most lucrative propylene carbonate market, with sales growing at a 2% CAGR over the forecast period

Competitive Landscape

Key market participants in the global propylene carbonate market elaborated in the report include BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Shandong Shida Shenghua Chemical Group Co., Ltd., Linyi Evergreen Chemical Co., Ltd, SMC – Global and others are the leading players in the market

Key players operating in the global propylene carbonate market are focusing on increasing the utilization of propylene carbonate in paints & coating, personal care & cosmetics industries. However, some key players are focused to provide ultrapure propylene carbonate for li-ion batteries.

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More Insights into the Propylene Carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the global propylene carbonate market, providing historical data from 2016 to 2020 and forecast statistics for the period 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on Form (Aqueous and Pellet), By Application (Paints & Coatings, Cleaning & Degreasing, Personal Care & Cosmetics, Textile Dyeing, Lithium-Ion Batteries & Electronics, & Others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, And Middle East & Africa)

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Expanding Pharmaceutical Industry Drives Growth in Pharma Grade Sodium Bicarbonate Market: FMI Study

The global pharma grade sodium bicarbonate market is poised for robust growth, with sales expected to surpass US$ 256.0 million in 2022 and projected to reach US$ 315.4 million by 2028, exhibiting a steady CAGR of 3.5%. This expansion is fueled by increasing demand for pharmaceutical-grade sodium bicarbonate across various applications, driven by its versatile properties and widespread usage in pharmaceutical formulations. Factors such as growing healthcare awareness, rising prevalence of diseases, and technological advancements in pharmaceutical manufacturing processes are anticipated to further propel market growth during the forecast period.

Pharma grade sodium bicarbonate, also known as baking soda, is a white crystalline powder that is widely used in the pharmaceutical industry. It is commonly used as an antacid, a buffering agent, and a source of carbon dioxide for medicinal purposes. It is also used in the manufacturing of various drugs, including aspirin, antihistamines, and antibiotics.

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Pharma grade sodium bicarbonate is manufactured under strict quality control standards to ensure its purity and consistency. It is produced through a chemical reaction between sodium carbonate and carbon dioxide, followed by a purification process to remove any impurities. The resulting product is a highly pure form of sodium bicarbonate with a minimum purity of 99.5%.

Administering Sodium Bicarbonate to Pregnant Women Found Effective in Inducing Natural Childbirth

Researchers from the University of Liverpool and Karolinska Institute in Sweden have discovered that giving pharma grade sodium bicarbonate to women in labour would increase their chances of having a natural, vaginal delivery. A set of women were given pharma grade sodium bicarbonate along with oxytocin and another set was only given oxytocin – a drug that helps strengthen contractions. It was found that the intake of bicarbonate of soda increased the chances of a vaginal delivery by 17% as compared to only administering oxytocin that helped in labour contraction in very few cases, leaving emergency caesarean section as the only option for the other cases. According to researchers, this kind of therapeutic use of pharma grade sodium bicarbonate will decrease Amniotic Fluid Lactate (AFL) – high levels of which mostly lead to operative interventions.

In another study, pharma grade sodium bicarbonate, when taken as a supplement by young swimmers, was found to increase their performance by regulating the blood buffering power. Also, when athletes took this compound in controlled measures, they displayed reduced signs of lactate concentration and digestive symptoms such as cramps and abdominal pain.

Developing Pharmaceutical Sector in Certain Countries Anticipated to Attract Huge Global Investments

Low cost treatments using pharma grade sodium bicarbonate have the potential to improve mortality rates in developing nations with a thriving pharmaceutical sector. This is projected to create traction in the global market for pharma grade sodium bicarbonate therapeutics. Additionally, favourable government policies including those pertaining to foreign direct investments, healthcare facilities and infrastructure development programmes such as cluster development in the pharmaceuticals sector are likely to trigger revenue growth of the global pharma grade sodium bicarbonate market.

The demand for pharmaceutical grade sodium bicarbonate is largely driven by increasing healthcare expenditure and rising demand for pharmaceutical products utilising sodium bicarbonate.

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Competition Landscape

Key players operating in the global pharma grade sodium bicarbonate market are focusing on new product launches in the form of injections for the medical industry worldwide. They are also engaging in collaborations, mergers, acquisitions, and joint ventures to distribute their products in numerous healthcare institutions to cater to the high demand from consumers. Meanwhile, some of the other companies are aiming to conduct exhaustive research and development activities to introduce innovative sodium bicarbonate medications for various disorders.

Top Key Players

Solvay SA
Tata Chemicals
Novacarb (Novacap Group)
Dr. Paul Lohmann GmbH KG
GHCL Limited
CIECH S.A.
Natural Soda LLC
Jost Chemical Co.
Tronox Alkali Corporation

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Global Pollen Allergy Market is poised for growth at a CAGR of 4.2%, reaching US$ 8828.6 million by 2033

The global pollen allergy market demand is currently valued at US$ 5850.8 Million in 2023 and is anticipated to expand at a CAGR of 4.2%. Owing to the technological advances in healthcare the market is likely to propel to US$ 8828.6 Million by 2033.

The rise in number of patients suffering from pollen-based allergies and more precisely hay fever drive the growth of the market. Moreover, growing number of patients especially children are another contributor for escalating the global pollen allergy industry. Rapid urbanization in the advancing countries is the major factor that boost the growth of the pollen allergies market in the forecast period.

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The increase in greenhouse gas can result in pollen-induced reparative disease which is further estimated to cushion the growth of the pollen allergies market.

Corticosteroids dominated the pollen allergy industry in terms of revenue share as corticosteroids are mostly used as the first line of treatment is also expected to contribute towards the market growth.

North America has dominated the global pollen allergy industry due to the increased incidence rate of allergies and awareness of therapy. Europe is expected to have the second-largest market for the global pollen allergy industry. Increasing awareness among people about diseases is also a major factor that may boost the growth of the market in this region.

Key Takeaways from the Market Study:

As of 2023, the pollen allergy industry was valued at US$ 5850.8 Million
From 2023 to 2033, the pollen allergy industry is poised to grow at a 4.2% CAGR
By 2033, the pollen allergy industry is slated to reach a valuation of US$ 8828.6 Million
Based on therapeutic drug class, Corticosteroids dominated the pollen allergy industry in 2023 with a revenue share of 35.5%.
China is poised to yield a CAGR of 3.8% with respect pollen allergy in 2033

“Technological advancement in healthcare and increase in the prevalence of allergic rhinitis and rise in the number of patients especially children suffering from pollen allergies expected to radically transform the pollen allergy industry in the coming years,” comments an analyst at FMI.

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Competitive Landscape:

Some of the leading manufacturers and players assessed in the global pollen allergy industry are

bioMerieux SA
HOB Biotech Group Corp Ltd
Alcon
HYCOR Biomedical, Inc
Immunomic Therapeutics
Quest Diagnostics Incorporated
Omega Diagnostics Group PLC
Siemens Healthcare Private Limited
Stallergenes Greer
Lincoln Diagnostics, Inc.

Manufacturers and players functional in the global pollen allergy industry are adopting various corporate growth strategies such as new product launches, mergers and acquisitions, and geographical expansion, among others.

In July 2022 – Stallergenes Greer, a global healthcare company specialising in allergen immunotherapy (AIT), today announced positive data from its EfficAPSI real-world study. Presented at the 2022 European Academy of Allergy and Clinical Immunology (EAACI) congress in Prague (Czech Republic), the real-world study confirmed significant benefit of sublingual liquid allergen immunotherapy treatment (AIT) on the onset and worsening of asthma in patients with allergic rhinitis.
Lincoln Diagnostics offers a painless option for skin allergy testing with the Multi-Test PC (pain control). This test still provides high sensitivity, high specificity, and low variability in results but with virtually no pain.

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Key Segments Covered in the Pollen Allergy Industry Survey:

Pollen allergy industry by Product Type:

Instruments
Consumables
Services

Pollen allergy industry by Allergen Type:

Food
Inhaled
Drug
Other

Pollen allergy industry by Therapeutics Drug class:

Antihistamines
Decongestants
Corticosteroids
Mast Cell Stabilizers
Leukotriene Inhibitors
Nasal Anticholinergics
Immunomodulators
Auto injectable Epinephrine
Immunotherapy

Pollen allergy industry by End-User:

Diagnostic Laboratories
Hospitals

Pollen allergy industry by Region:

North America Pollen allergy industry
Latin America Pollen allergy industry
Europe Pollen allergy industry
South Asia Pollen allergy industry
East Asia Pollen allergy industry
Oceania Pollen allergy industry
MEA Pollen allergy 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. 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
LinkedIn| Twitter| Blogs | YouTube

Thermal Insulation Material Market Projected to Reach US$ 122 Billion by 2033 with a 5.6% CAGR

The thermal insulation material market is on a trajectory of robust growth, projected to soar from US$ 70.74 billion in 2023 to an estimated US$ 122 billion by 2033, driven by a compound annual growth rate (CAGR) of 5.6%. This ascent is underpinned by a mounting global consciousness regarding sustainability, coupled with substantial investments aimed at curbing emissions and reducing energy consumption derived from fossil fuel sources. Such endeavors are fostering increased adoption of thermal insulation materials across various sectors, highlighting a pivotal shift towards eco-friendly and energy-efficient solutions.

The market offers other products with similar physical and chemical characteristics. This parameter indicates the thermal conductivity of a thermal insulation material (lambda). Coefficients of thermal conductivity indicate how well a material will perform as a thermal insulator, thus demonstrating its energy efficiency.

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According to researchers, a new non-toxic insulation material has been developed, which helps reduce noise and thermal transfer in building construction. Using this material takes less of an environmental toll since it is derived from a natural substance. An insulwood material produced by University of Maryland engineers can be used to insulate structures such as walls and roofs. In addition to being highly porous and scalable, it is also cost-effective. However, is made from lignin and hemicellulose found in wood, rather than toxic or petroleum-based materials that are typically found in current insulation.

Buildings can be made more energy-efficient and noise-proof by using environmentally friendly insulation materials that are not harmful to residents or the environment. Humans are being provided with a comfortable living environment by manufacturers using this renewable, eco-friendly material for thermal and acoustic insulation. An eco-friendly alternative insulation has been developed by ORNL scientists without chemicals that are harmful to the environment. In order to make the thermoplastic foam, hollow glass spheres are mixed with expandable polymer microspheres. A variety of insulation systems can benefit from the technology, which is easily adopted by industry.

Key Takeaways

Investing more in urbanization projects to excel in the market and a relatively active construction industry to grow demand for thermal insulation material.
Consumer awareness about energy consumption and the growing demand for reducing the cost of energy should drive the market.
Regulations and initiatives to increase energy efficiency and sustainability in the government to grow the market.
Increasing energy efficiency in buildings and innovation in smart technologies will drive the market for thermal insulation.
India’s government is heavily investing in the construction industry, driving market growth for thermal insulation products.

“With the growing demand for construction applications, suppliers of thermal insulation material will see their growth thrive. The development of new technologies and advancements in materials will lead to an increase in demand for thermal insulation material in the coming years.,”, says an FMI analyst

Competitive Landscape

Strategic partnerships are being formed between technology firms and thermal insulation material manufacturers. Organizations are looking to expand their product lines, technology capabilities, and marketing presence to gain a greater share of the market. Innovative products could be developed by combining strengths across companies.

Several companies improve their products through research and development. Gaining a competitive advantage can also be achieved through the launch of new products.

Market Developments Include:

In February 2023, Dalsan and Saint-Gobain received approval from the Turkish competition authorities for the merger of their plasterboard and plaster products businesses.
In March 2023, Japan-based Thermalytica developed a super insulation material that improves liquid hydrogen storage and transportation efficiency. Due to its high porosity and liquid-like fluidity, this patented material provides superior thermal insulation, heat shielding, and liquid-like fluidity. It can be used for liquid hydrogen logistics, thermal runaway mitigation in EV batteries, and home window insulation, among other uses. By April 2024, Japan will begin pilot production of the technology.

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Thermal Insulation Material Market: Key Players

Asahi Kasei Corporation
BASF SE
E. I. du Pont de Nemours and Company
Rockwool International A/S
Berkshire Hathway (Johns Manville)
Bayer AG
Owens Corning
Dow Chemicals Company
Kingspan Group PLC
Saint Gobain S.A.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global thermal insulation material market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the thermal insulation material market, the market is segmented on the basis of material type (stone wool, fiber glass, plastic foam, and others) and temperature range (-160^oC to -50^oC, -49^oC to 0^oC, 1^oC to 100^oC and 101^oC to 650^oC) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Expanding Construction and Automotive Industries Propel Silica Sand for Glass Making Market Growth: An Industry Analysis

The silica sand for glass making market has witnessed robust growth in recent years, fueled by several key factors. As the global market size reached US$ 5.7 billion in 2023 and is projected to surge to US$ 8.5 billion by 2033 with a steady CAGR of 4.1%, understanding the driving forces behind this expansion is crucial.

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Growing Demand for Glass Products: The escalating demand for glass products across various sectors such as construction, automotive, and electronics acts as a primary growth driver for the silica sand market. With increasing urbanization and infrastructure development globally, the demand for glass for architectural purposes, automotive manufacturing, and electronic devices continues to rise, thereby propelling the need for high-quality silica sand.
Thriving Construction Industry: The construction industry serves as a significant consumer of glass, with applications ranging from windows and facades to interior décor. As emerging economies witness rapid urbanization and infrastructural development projects, the demand for glass products escalates correspondingly. Silica sand, being a fundamental raw material in glass manufacturing, experiences a surge in demand owing to the flourishing construction activities worldwide.
Technological Advancements in Glass Manufacturing: Technological innovations in glass manufacturing processes have led to the development of advanced glass products with enhanced properties such as strength, durability, and thermal insulation. These advancements require specialized grades of silica sand, driving the market demand further. Additionally, the adoption of eco-friendly production methods and the incorporation of recycled glass cullet in manufacturing processes contribute to the sustainable growth of the silica sand market.
Expanding Automotive Industry: The automotive sector represents another significant end-user of glass products, including windshields, windows, and sunroofs. With the automotive industry witnessing steady growth, especially in emerging economies, the demand for silica sand for glass making in automotive applications is expected to escalate. Moreover, the increasing focus on lightweight and fuel-efficient vehicles necessitates the utilization of specialty glasses, thereby augmenting the demand for high-quality silica sand.
Growing Focus on Sustainable Materials: Environmental concerns and sustainability have become pivotal factors influencing purchasing decisions across industries. Silica sand, being a natural and abundant resource, aligns well with the sustainability goals of various stakeholders. Manufacturers are increasingly opting for responsibly sourced silica sand and implementing eco-friendly extraction and processing techniques. This emphasis on sustainability not only fosters environmental stewardship but also enhances the market reputation and competitiveness of silica sand suppliers.

The silica sand market for glass making is poised for significant growth, driven by the escalating demand for glass products across diverse industries, technological advancements in glass manufacturing processes, and the growing emphasis on sustainability.

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Global Eosinophilic Esophagitis Market, reaching an estimated US$ 2,032.8 billion by 2033

The global eosinophilic esophagitis market size is poised for unprecedented growth, with projections indicating a staggering increase from US$ 172.2 Billion in 2023 to a remarkable US$ 2,032.8 Billion by 2033. These insights are drawn from a comprehensive report by Future Market Insights (FMI), highlighting a robust Compound Annual Growth Rate (CAGR) of 28% during the forecast period from 2023 to 2033.

From 2018 to 2023, the market has already experienced substantial growth, registering a CAGR of 23%. This remarkable expansion is attributed to various factors, with a key driver being the surge in funding and investments dedicated to eosinophilic esophagitis (EoE) clinical trials.

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One noteworthy example is the clinical trial at the Children’s Hospital of Philadelphia (CHOP), focused on patients with severe food allergies, including eosinophilic esophagitis (EoE). The trial, generously funded by the Mondre and Lane families in November 2021, exemplifies the increasing commitment to advancing research and treatment options for EoE.

The rising prevalence of eosinophilic esophagitis worldwide underscores the urgency and importance of investing in innovative solutions. As the market continues to evolve, stakeholders are encouraged to explore strategic partnerships and collaborations to capitalize on the immense opportunities within this dynamic sector.

Key Takeaways from the Market Study:

The global eosinophilic esophagitis market size is estimated to reach US$ 172.21 Billion in 2023.
The market is projected to increase at a CAGR of 28% during the forecast period between 2023 and 2033, reaching a total of US$ 2032.8 Billion in 2033
Proton pump inhibitors held the largest share of the market in 2023, accounting for 54% of the market value.
The North American market for eosinophilic esophagitis expanded with a market share of 33% in 2022.
It is projected that Asia Pacific will exhibit the fastest growth rate during the forecast period.

“Artificial intelligence and technology are expected to play a significant role in the growth of natural treatments for EoE conditions due to the increase in the prevalence of gastroesophageal disease and approval of new drugs.” comments a Future Market Insights analyst.

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Competitive Landscape:

Through product line expansions, acquisitions, and mergers, many companies are expected to focus on research and the creation of innovative diagnostic techniques in the near future.

In June 2021, the National Institute for Health and Care Excellence (NICE) of England and Wales, part of the Department of Health in England, approved the Jorveza budesonide orodispersible tablet for treating individuals suffering from eosinophilic esophagitis. This is the first European approval.
An innovative drug delivery platform has enabled Eupraxia Pharmaceuticals Inc. to enter Phase 2 clinical testing. The company announced that it has enrolled, randomized, and dosed the last patient in its Phase 2 trial to test EP-104 for osteoarthritis (“OA”) of the knee. Eupraxia has completed another significant step in its Phase 2 trial, dosing the last patient and removing patient accrual risk.

Key Companies Profiled:

Ellodi Pharmaceuticals
EsoCap AG
GlaxoSmithKline plc.
Teva Pharmaceutical Industries Ltd.
Cipla Limited
Sun Pharmaceutical Industries Limited
AstraZeneca Plc
Sanofi S.A.
Arena Pharmaceuticals, Inc.
Takeda Pharmaceutical Company Limited
Revolo Biotherapeutics
Allakos Inc.

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Key Segments Profiled in the Eosinophilic Esophagitis Industry Survey:

By Drug Class:

Corticosteroids
- Budesonide
  - Jorveza
  - Off-label budesonide
- Fluticasone

Proton Pump Inhibitor (PPI)

Omeprazole
Esomeprazole
Others

Late-Stage Pipeline Drugs

Dupixent
APT-1011
Lirentelimab (AK002)
Cendakimab
Etrasimod
TAK-721
Omilancor (BT-11)

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Vegan Fish Sauce Market to Witness 8.9% CAGR, Reaching US$ 146.5 Million by 2033: Emerging Trends, Growth Opportunities, and Key Players Unveiled

In the present year 2023, the global vegan fish sauce market size is valued at US$ 68.7 Million as per the survey conducted via the FMI. Experts estimating the market predict that between 2023 and 2033, the market will expand at a compound annual growth rate (CAGR) of 8.9%. The worldwide market for vegan fish sauce is projected to have produced US$ 146.5 million in sales by 2033.

People are become more conscious of the harm that animal slaughter does to the environment in all major economies. As a result, it is projected that the market’s current sales of vegan fish sauce will rise as more and more condiments and animal alternatives are accepted.

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The market has expanded as vegan products become more and more popular among millennials. Competition in the market has recently introduced several vegan fish sauce options in an attempt to attract new consumers and provide them with distinctive experiences.

Key Takeaways from the Vegan Fish Sauce Industry Study

Through the sales of vegan fish sauce throughout the preceding year 2022, the United States market generated revenue to be worth roughly US$ 17.8 Mn. According to the market study report, the US market accounts for about 28.5% of total vegan fish sauce sales worldwide.
Germany is the next most important market for vegan fish sauce, accounting for almost 16.5% of total sales. It is also the main market inside the European Union for vegan fish sauce substitutes, with an annual revenue of 10.3 Mn in 2022.
In contrast, the Uk is the fastest developing nation when it comes to embracing the vegan version of fish sauce, with a 9.9% annual growth rate through 2033. This remarkable growth rate is expected to increase the UK’s vegan fish sauce industry share from US$ 5.7 Mn in 2023 to US$ 16 Mn by 2033.
Japan seems to be the primary marketplace in the Asia Pacific region for the cultivation and distribution of a variety of plant-based protein food items. According to the market survey data for 2022, the overall sales of vegan fish sauce in Japan reached a staggering 3.2 Mn.
Surprisingly, India is the better-performing country in terms of the increasing popularity of all forms of plant-based protein alternatives. According to the market analysis, the Indian market for fish sauce vegan alternatives is expected to develop at a CAGR of 8.9% through 2033.
Lately, Australia has become well-known among international market participants for incorporating a variety of plant-based protein alternatives into their daily diets. It earned total earnings of US$ 1.7 Mn in 2022, accounting for around 2.8% of the said global market.
Depending on the many technologies for the production of vegan fish sauce utilized by suppliers today, the traditional method is the dominant sector, accounting for over 45.6% of the total production.

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Competitive Landscape for the Vegan Fish Sauce Industry Players

Follow Your Heart, Primal Kitchens, Sir Kingstons, The Vegan Mayo Co., Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Ripple Foods Inc, Vegenaise., Impossible Foods Inc., Eat Just, Inc., Beyond Meat, Inc., Amy’s Kitchen, Tofutti Brands Inc., and Earth’s Own Food Company Inc. are some of the major players in the global vegan fish sauce Industry

Although there is a huge amount of room in the vegan fish sauce industry for manufacturers of plant-based proteins and condiments, many don’t have the necessary manufacturing capabilities to take advantage of this market opportunity. For instance, the US retail behemoth Target announced the launch of its new subsidiary, Good & Gather Plant-Based, in May 2021. The company plans to launch 30 new plant-based protein snack items and condiments under this brand.

Key Segments

By Source:

Soy
Almond
Wheat
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Platforms
Others

By End User:

Packaged Food Industries
Hotels and Restaurants
Retail Food Shops
Domestic Consumers
Others

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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 5000 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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Global Fuchs Endothelial Corneal Dystrophy (FECD) Market is expected to reach a staggering US$ 370 billion by 2033

A recently published study by FMI expects the global fuchs endothelial corneal dystrophy (FECD) market size garnered a market value of US$ 180 Billion in 2023 and is expected to accumulate a market value of US$ 370 Billion by registering a CAGR of 7.5% in the forecast period. The primary variables impacting the market growth rate include an increase in the prevalence of Fuchs’ endothelial corneal dystrophy, an increase in the number of senior persons, and growing healthcare spending.

Furthermore, advances in medical technology, increased demand for corneal transplantation, and rising attempts by governmental and private organisations to raise awareness about eye disorders and corneal donation are factors that will propel the Fuchs’ endothelial corneal dystrophy market forward. An increase in research on cellular treatment techniques and rising demand for eye care would benefit the Fuchs’ endothelial corneal dystrophy market during the forecast period.

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However, the high expense of therapy and the risks involved with surgical intervention will stifle market expansion. During the projection period, a lack of donor grafts would provide further challenges to Fuchs’ endothelial corneal dystrophy market. Because to the presence of leading key players, high disposable income, and sophisticated healthcare infrastructure in this area, North America leads the Fuchs’ Endothelial Corneal Dystrophy (FECD) market.

Key Takeaways from the Market Study:

FMI projects the global Fuchs Endothelial Corneal Dystrophy (FECD) market to expand at a 7.5% value CAGR by 2033
The global Fuchs Endothelial Corneal Dystrophy (FECD) market is estimated at a market value of US$ 180 Billion
The global Fuchs Endothelial Corneal Dystrophy (FECD) is expected to garner a market value of US$ 370 Billion
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 7% in the assessment period 2023-2033.
North America is expected is expected to grow at a CAGR of 7.4% in the assessment period 2023-2033.
Europe is expected to grow at a CAGR of 7.3% in the assessment period 2023-2033.
The hospitals segment is expected to hold the largest market share for lucrative Fuchs Endothelial Corneal Dystrophy (FECD) market in the forecast period 2023-2033.

“Asia-Pacific is predicted to rise over the projected period of 2023-2033 due to increased R&D activities, increased investment in the healthcare industry, and more government assistance,” says an analyst at FMI

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Market Competition:

Key players in the Fuchs Endothelial Corneal Dystrophy (FECD) market are

Kowa Pharmaceuticals
Trefoil Therapeutics
Alcon
Emmecell
Santen
AJL Ophthalmic SA
Massachusetts Eye and Ear
KeraMed, Inc.
Presbia Plc

In May 2022, SEGLENTIS® C-IV is now available for purchase through Kowa Pharmaceuticals America, Inc.

Key Segments Profiled in the Fuchs Endothelial Corneal Dystrophy (FECD) Market Industry Survey:

By Treatment:

Phototherapeutic Keratectomy
Amniotic Membrane Transplants
Anterior Stromal Puncture
Conjunctival Flaps

By Diagnosis:

Slit-lamp Examination
Molecular Genetic Tests
Pachymetry

By End User:

Hospitals
ASCs
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Middle East & Africa (MEA)

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About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Vegan Butter Market Surges: Global Growth at 5% CAGR, Projected to Reach US$ 4,784.7 Million by 2033 A Lucrative Investment Opportunity Unveiled

The global vegan butter market is forecasted to expand at 5% CAGR over the estimated period as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 4,784.7 million in 2033

The B2C sales channel indicates that there is a growing demand for vegan butter made from oats, which is driving the market’s expansion. The demand for vegan butter derived from oats is rising due to the growing popularity of oat milk and related products.

The growing demand for clean-label and vegan products is driving up sales of vegan butter. Companies like as Miyoko’s Creamery are striving to get certified for their vegan butter products so they can bear the labels “non-GMO,” “gluten-free,” and “soy-free.” Gaining public acceptance and boosting the overall sales of plant-based butter are the goals of labelling.

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Within the bakery industry, vegan butter is being perceptibly used at a large scale now. This evolution in the ingredient choice has been dictated by the surging health-wary consumers, who are seeking bakery items made of vegan butter.

Flavored vegan butter has also been gaining widespread traction, as evident with the increasing number of merchants introducing their line of flavored plant-based butter. Manufacturers require to focus on technological upgrades over the forecast period to:

Enhance manufacturing processes
Sales monitoring
Packaging and design
Product variety for business expansion

Geographically, North America is a large market for vegan butter, representing a significant proportion of global consumption. The United States leads the regional market and the global market.

Growth in Asia Pacific region can be accorded to consumer discernment regarding the health and wellness benefits of vegan goods and heightened demand for a vegan diet among the young generation. India, as per FMI’s latest statistics, is projected to expand at 6.5% from 2023 to 2033.

Top Highlights from the FMI’s Analysis of the Vegan Butter Industry:

The United States vegan butter industry garnered a 22.4% market share in 2022.
Germany’s share in the global vegan butter industry was 6% in 2022.
The United Kingdom is anticipated to expand from 2023 to 2033 with a CAGR of 5.5%.
Japan’s market contributed a value share of 2.9% in 2022.
India’s vegan butter industry is projected to register a prominent CAGR of 6.5% over the forecast period.
China’s vegan butter industry is forecasted to expand at 3.8% CAGR over the estimated period.
Based on source, the oat milk segment acquired a 26.9% market share in 2022.
Based on flavor, the unflavored segment represented 63.5% of the global market in 2022.
Under the category of sales channel, the B2C segment garnered 78.4% of the overall market in 2022.

Innovation Watch: New Developments in the Market

In September 2019, Country Crock® made moves along with the plant-based food movement by introducing Country Crock® Plant Butter, a new dairy-free plant butter, that is similar in taste to dairy butter. The product is made of plant-based oils and enriched with oils like almonds, avocados, and olives. The product is certified by Plant Based Foods Association (PBFA) as kosher, gluten-free, and plant-based, making it appropriate for vegan diets.
In July 2020, Flora, a margarine brand, announced that it is going 100% vegan. Following this announcement, the company introduced the Flora Plant range of 100% vegan butter. The block butter consists of palm, rapeseed, and sunflower oil. The wrapping material of this butter block is 100% biodegradable.

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Key Players Operating in the Market

Wayfare Food
Chobani LLC
Miyoko’s Creamery
Milkadamia
Prosperity Organic Foods, Inc
Conagra Brands Inc.
Upfield Foods
Premier Organics
Forager Project
wildCREAMERY (Wildbrine®)
Others

Vegan Butter Industry by Category

By Source:

Rice Milk
Oat Milk
Soy Milk
Corn Milk
Almond Milk
Pea Milk
Cashew Milk
Coconut Milk
Hemp Milk
Flax Milk
Others

By Flavor:

Unflavored
Flavored
- Cocoa/ Chocolate
- Cinnamon
- Banana
- Coconut
- Grape
- Hazelnut
- Lemon
- Peanut Butter
- Raspberry
- Strawberry
- Vanilla
- Other Flavors

By Sales Channel:

B2B
- Hotels
- Restaurants
- Cafes
B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food & Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats

By Application:

Bakery Industry
Confectionery Items
Dairy Industry
Dietary Supplements
Household Pantry
Hotel, Restaurant, and Retail Chains
Others

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Protein Purification and Isolation Market Set to Reach US$ 24.76 Billion by 2033

The global Protein Purification and Isolation Market is estimated to be worth US$ 9.03 billion by 2023, expanding at a modest CAGR of 10.6% from 2023 to 2033. By 2033, the market is projected to be valued at more than US$ 24.76 billion.

The protein purification and isolation industry is driven by several key variables that contribute to its development and demand. The growing need for high-quality proteins in pharmaceuticals, biotechnology, and research industries is a crucial driver. The requirement for pure and functional proteins for medicinal, diagnostic, and scientific applications drives the need for better purification and isolation procedures. Furthermore, the increased emphasis on personalized medicine and biological research pushes the need for effective protein purification technologies. Furthermore, technological improvements like chromatography systems, automated purification platforms, and innovative separation methods allow quicker and more efficient protein purification, hence expediting R&D processes.

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While the protein purification and isolation industry is expanding, it is hampered by several constraints. The diversity and variability of protein structures provide considerable hurdles in attaining high purity and yield during purification. Certain proteins are intrinsically difficult to purify because of their stability, solubility, or interactions with other molecules. Another stumbling block is the expensive development and deployment of complex purifying procedures and equipment. The expenditure needed for purifying process research, development, and scaling up may be large, particularly for small biotech enterprises or university research groups. Overcoming these issues via novel technology, process optimization, and cost-effective solutions is critical for long-term success in the protein purification and isolation industry.

The protein purification and isolation industry offers various significant growth and innovation prospects. The discovery of new affinity chromatography resins and ligands that allow selective and efficient separation of target proteins is one such potential. Proteomics is increasing, and the requirement to characterize complex protein mixtures creates potential for new separation methods and multidimensional chromatography systems. Furthermore, the growing need for therapeutic proteins, monoclonal antibodies, and recombinant proteins in the biopharmaceutical industry presents a huge market potential for protein purification and isolation firms.

Several major developments are shaping the protein purification and isolation industry landscape. Automation and robots are integrated into purifying procedures to improve efficiency, repeatability, and throughput. Automated systems eliminate manual work while increasing sample processing capacity and reducing human error. Another notable development is the advent of novel purification techniques, including membrane-based separations, high-throughput microfluidics, and single-molecule analysis approaches, that provide improved resolution, speed, and scalability. Furthermore, the industry has a rising emphasis on sustainability and green chemistry, with the development of eco-friendly purification technologies and the use of renewable resources. Incorporating these current developments into purification methods enables businesses to remain competitive, simplify operations, and offer high-quality purified proteins to satisfy the market’s changing expectations.

Key Takeaways from the Protein Purification and Isolation Market:

With a commanding market share of 31.9% in 2023, the United States solidifies its position as a leading protein purification and isolation industry player.
Germany holds a share of 6.8% in 2023, reflecting its presence and contribution to the protein purification and isolation industry.
Japan captures a share of 7.2% in 2023, indicating a strong market presence and growing demand for protein purification and isolation solutions in the country.
Australia exhibits a promising growth potential with a compound annual growth rate (CAGR) of 9.3% during the forecast period, showcasing increasing adoption of protein purification and isolation technologies in the country.
With an impressive CAGR of 16.5% during the forecast period, China signifies a booming protein purification and isolation market, reflecting high demand and significant growth opportunities in the region.
India presents a thriving protein purification and isolation market, projected to achieve a CAGR of 15.1% during the forecast period, highlighting a rapid adoption of these technologies in the country.
Protein interaction studies capture a substantial market share of 32.70% in 2023, indicating its significance and widespread adoption in various research and biotechnological applications.
Academic and research institutes dominate the market with a commanding 50.20% market share in 2023, reflecting their strong involvement and demand for protein purification and isolation techniques for various scientific studies and advancements.

What are Key Players Doing to Thrive in the Protein Purification and Isolation Market?

The protein purification and isolation industry’s competitive landscape is characterized by several key players striving to capture market share and deliver innovative solutions. These key players compete based on product portfolio, technological advancements, customer support, and market reach. They strive to provide innovative solutions, address customer needs, and maintain a competitive edge in the evolving protein purification and isolation industry.

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GE Healthcare Life Sciences: GE Healthcare Life Sciences offers a comprehensive range of protein purification and isolation solutions, including chromatography columns, resins, and automated systems. The company’s expertise in bioprocessing and advanced technologies has established it as a leading player in the industry.
Thermo Fisher Scientific Inc.: Thermo Fisher Scientific is a prominent provider of protein purification and isolation products, offering a diverse portfolio of instruments, reagents, and consumables. The company’s focus on delivering high-quality, reliable solutions has earned it a strong position in the market.
Merck KGaA: Merck KGaA offers a wide range of products and technologies for protein purification and isolation, including chromatography media, filtration systems, and purification kits. The company’s commitment to innovation and customer satisfaction has contributed to its competitiveness in the industry.
Agilent Technologies, Inc.: Agilent Technologies specializes in providing solutions for protein purification and analysis, offering a comprehensive portfolio of columns, resins, and instruments. The company’s dedication to delivering reliable and high-performance products has positioned it as a key player in the market.

Global Protein Purification and Isolation Market Key Players

Merck KGaA
Thermo Fischer Scientific, Inc.
GE Healthcare Life Sciences
Qiagen NV.
Sigma-Aldrich Corporation
Agilent Technologies
Bio-Rad Laboratories, Inc.
Promega Corporation

Protein Purification and Isolation Market by Segmentation

By Product:

Instruments
Consumables
Kits
Reagents
Columns
Magnetic Beads
Resins
Others

By Technology:

Ultrafiltration
Precipitation
Chromatography
Ion Exchange Chromatography
Affinity Chromatography
Reversed-Phase Chromatography
Size Exclusion Chromatography
Hydrophobic Interaction Chromatography
Electrophoresis
Gel Electrophoresis
Isoelectric Focusing
Capillary Electrophoresis
Western Blotting
Others

By Application:

Drug Screening
Biomarker Discovery
Protein-protein Interaction Studies
Diagnostics

By End Use:

Academic and Research Institutes
Hospitals
Pharmaceutical and Biotechnological Companies
CROs

By Region:

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

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.
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Suite 401, Newark, Delaware – 19713, USA
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