Market Research Blog – Page 3601 – New Product Development

Bulk Food Ingredients Market Surges to US$ 1,071.8 Billion by 2033: Analysis of Growth Factors, Market Trends, and Industry Dynamics

The bulk food ingredients market is expected to be valued at US$ 736.90 billion in 2023 and to reach US$ 1,071.8 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 3.9%.

The Bulk Food Ingredients market is expanding rapidly as the food sector adopts more cost-effective and efficient sourcing practises. Bulk food components provide practical solutions for reducing waste and guaranteeing reliable supply chains. The global demand for processed foods and convenience items is driving the market’s rise.

As a result of increased urbanisation in emerging economies, the packaged food industry sees chances for innovation. This reason is prompting food makers to release new products that meet changing consumer expectations, which is increasing demand for premium bulk food components.

Customers’ growing preference for plant-based ingredients and cleaner labelling are also influencing demand for premium bulk food components. Veganism, keto, and glutton-free diets will drive up demand for luxury processed goods. As a result, during the review phase, demand for premium bulk food components is projected to increase.

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Besides this, high consumption of ready meals due to hectic schedules and increasing per capita expenditure are urging brands to expand production operations to meet the growing consumers’ demand, which in turn is augmenting the bulk food ingredients market growth.

“Convenience and longer shelf life associated with packaged food are propelling sales in the market. Apart from this, sales of bulk food ingredients through online channels, along with demand for gourmet and ready-to-eat meals will continue augmenting market growth,” says the FMI analyst.

Key Takeaways:

Processed herbs and spices will generate the most revenue throughout the projection period, according to product type. The use of bulk food items in prepared meals will keep gaining popularity. Due to the existence of important stakeholders, there will likely be a significant demand for bulk food ingredients in the United States. The high desire for upscale sauces and condiments in the U.K. is expected to boost growth opportunities. With rising sales of quick global cuisines, China is predicted to become a lucrative industry. The rising popularity of ready-to-eat meals is predicted to increase demand for bulk food ingredients in India. The market share for Japan and South Korea will be 6.2% and 4.8%, respectively.

Competitive Landscape

DuPont, Archer Daniels Midland Company, Cargill Foods Inc., Tate & Lyle PLC, Associated British Foods plc, Olam International, Ingredion Incorporated, EHL Ingredients, Wilmar International, Suntory, Koninklijke DSM N.V., Symrise AG, Kerry Group Plc, Bunge Limited, Ajinomoto, George Weston, Sysco Corporation, Conagra Brands and Kirin Holdings and CHS Ltd. are among the leading players operating in the bulk food ingredients market.

As a part of their growth strategies, key stakeholders in the bulk food ingredients market are enhancing their product portfolios to improve sales. Besides this, mergers, acquisitions, and production facility expansions will gain high significance during the forecast period. For instance:

In April 2021, Olam Food ingredients acquired Olde Thompson, a private label manufacturer of dry spices and seasonings, from private equity firm Kainos Capital for US$ 950 Mn. The acquisition marked a 15-yearlong partnership with Olde Thompson to supply premium retail spice solutions to major US retailers. In July 2021, Ingredion, Inc., unveiled a new textured protein at the Institute of Food Technologists’ FIRST virtual conference. The company added VITESSENSE TEX Crumbles 102 protein to its wide range of plant-based solution for the United States and Canada.

Bulk Food Ingredients Market by Category

By Product Type:

Vegetable Oil
Sea Salt
Sugar & Sweeteners
Tea, Coffee & Cocoa
Flours
Processed Grains, Pulses & Cereals
Dried Fruits & Processed Nuts
Processed Herbs & Spices

By Application Type:

Bakery & Confectionery
Beverages
Meat & Poultry
Sea Food
Ready Meals
Dairy Products
Snacks & Savory
Sauces & Dressings and Condiments
Frozen Foods

By Region:

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

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Key Questions Answered in the Report

What is the current bulk food ingredients market value?

The bulk food ingredients market reached a valuation of US$ 771.6 Bn in 2021.

At what rate did the bulk food ingredients market grow between 2016 and 2020?

The bulk food ingredients market experienced modest growth, exhibiting a 4.30% CAGR between 2016 and 2020.

What are the key trends driving bulk food ingredients sales?

Growing demand for instant food products and ready meals, coupled with longer shelf life and convenience offered by processed food is driving the bulk food ingredients market.

Who are the leading players in the Bulk food ingredients market?

Leading players operating in the bulk food ingredients market include DuPont, Cargill Foods Inc., Archer Daniels Midland Company, Associated British Foods plc and Koninklijke DSM N.V.

What is the current market share of Japan and South Korea in the global bulk food ingredients market?

Japan and South Korea will collectively account for 6.2% and 4.8% of the total market share respectively.

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

About Future Market Insights (FMI)

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

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T: +1-845-579-5705
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Global Hemostatic Gels Industry Poised for Remarkable 6.8% Annual Expansion, Envisioning US$1.9 Billion by 2032 | According to FMI

The Global Hemostatic Gels Industry, which boasted a remarkable valuation of US$957.1 million in 2021, is on track for an extraordinary journey, poised to reach a staggering US$1.9 billion by 2032. This optimistic trajectory is propelled by a robust Compound Annual Growth Rate (CAGR) of 6.8%, according to a comprehensive analysis conducted by Future Market Insights (FMI), a leading market intelligence and consulting firm.

FMI’s study, executed by industry experts, not only foresees substantial growth but also reveals key market trends that will shape the industry’s landscape in the years to come. One standout revelation from the analysis is the outstanding performance of porcine-based hemostatic gels, dominating the market with a substantial 45% share in 2021. This highlights the escalating preference for porcine-derived solutions, emphasizing their efficacy in hemostasis and solidifying their dominance in the market.

The global demand for advanced hemostatic solutions is steadily rising, triggering a paradigm shift in the industry, with porcine-based products emerging as the frontrunners. This growth is fueled by their proven effectiveness in hemostasis, further establishing their stronghold in the market.

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Globally, around 2,000,000 people die from hemorrhage each year, out of which approximately 1,500,000 deaths are due to trauma injuries. Similarly, every year almost 60,000 people die in the U.S. due to hemorrhaging and blood loss. These figures indicate the need for hemostatic gels during surgical procedures to improve clinical outcomes.

Global Hemostatic Gels Industry Key Takeaways:

Based on product type, sales of porcine-based hemostatic gels are expected to grow at a 5.7% CAGR through 2032.
In terms of indication, the cardiovascular surgery segment is expected to account for 33.1% of the total market share over the assessment period.
By end users, demand for hemostatic gels across hospitals will increase at a 5.4% CAGR during the forecast period.
The U.S. dominated the North American hemostatic gels market in 2021, holding 82% of the total market share.
Demand for hemostatic gels in India is forecast to grow at a 7.4% CAGR over the assessment period.
Sales in the U.K. hemostatic gels market are expected to increase at a 7.1% CAGR through 2032.
China will emerge as a lucrative pocket, with demand growing at an 8% CAGR over the forecast period.

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“Rising adoption of effective hemostatic gels across various industries for the protection of the workforce is expected to fuel demand in the market. In addition to this, rising awareness regarding the usage of hemostatic gels for blood loss management across emerging economies will augment the growth in the market,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Clotting agents are medical devices used to stop bleeding in a variety of clinical settings, including surgical procedures, emergency situations, and trauma care. These gels work by promoting the clotting process, which is essential to prevent excessive blood loss.

Global Hemostatic Gels Industry Competition Landscape:

Key players operating in the Global Hemostatic Gels Industry are adopting strategies such as product launches, mergers & acquisitions, joint ventures, and R&D activities to improve their global presence. For instance:

In 2019, Baxter International, Inc. introduced Floseal Hemostatic Matrix, its new hemostatic agent. Floseal Hemostatic Matrix U.S.FDA approved and is used to stop bleeding during surgical procedures.
In 2021, Medcura, Inc. together with ASO LLC launched Rapid-Seal, a new class of antibacterial hemostatic gel. This product meets the market demand for a transparent gel that will be easily applied during surgeries.

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Global Hemostatic Gels Industry Key Companies Profiled:

Baxter
Bio-Chem LLC
Clinician’s Choice Dental Products Inc.
Cresilon, Inc.
DSI Ltd.
ENDOVISION CO., LTD
Ethicon US, LLC
F&A Medical
PrevestDenPro
Septodont
Teleflex Incorporated
Ultradent Products Inc. All
VladMiVa
Medcura, Inc.,

Key Market Segments Covered In Global Hemostatic Gels Industry Research

By Material:

Bovine-Based
Porcine-Based
Polymer-Based

By Indication:

General Surgery
Dental Surgery
Veterinary Surgery
Cardiovascular Surgery
Orthopaedic Surgery
Others

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By End-User:

Hospitals
Specialty Clinics
Veterinary Settings
Ambulatory Surgical Centers
Online Sales

Author

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 clients face 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 team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Plant-based Chicken Market Set to Witness Remarkable 18.4% CAGR of by 2033 | Future Market Insights

The plant-based chicken market is expected to record a CAGR of 18.4% from 2023 to 2033, from US$ 2,325.4 million in 2023 to US$ 12,601.0 million by 2033.

Plant-based chicken, also known as vegan chicken or meatless chicken, is a revolutionary product that has taken the culinary world by storm. Created using innovative plant-based technologies, this alternative to traditional chicken offers a delectable and sustainable choice for consumers seeking to reduce their meat consumption.

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The world’s increased protein intake is the primary driver of the worldwide plant-based chicken business. Owing to the increased protein consumption, producers are more likely to offer consumers a selection of novel plant-based chicken products as an alternative to actual chicken. Plant-based chicken is gaining popularity since it tastes and looks like chicken pieces, nuggets, and steaks.

Several government restrictions prohibiting animal slaughter in various nations are assisting the global market’s growth. The global market for plant-based chickens is advancing due to increased concern over maintaining the ecosystem’s equilibrium. Rising per capita and disposable income in developing countries is likely to promote global market growth. Increasing affluence leads to a better quality of life, and in emerging countries, a high level of living has boosted the market consumption of plant-based chicken. As people’s health knowledge grows, consumer tastes are shifting away from animal products and towards organic products.

This shift prompted the plant-based chicken business to broaden its menu and develop new items. Manufacturers have created appealing and eco-friendly food packaging in order to attract customers and expand their consumer base, consequently driving the global market growth.

This plausible link encourages customers to switch from animal products to herbal items. The increased popularity of organic products on social media and other print media is expected to drive the worldwide plant-based chicken market during the forecast period.

Key Points from the Plant-based Chicken Market

The market is expected to surpass US$ 12,601.0 million by 2033.
Growing concerns about animal cruelty, combined with the advent of the meat 2.0 revolution, are likely to provide the global plant-based chicken market the most traction in the coming decade.
Plant-based chicken market is expected to record a CAGR of 18.4% during the forecast period.
North America dominated the plant-based chicken market.

Key Development in the Plant-based Chicken Market

July 2019 – Dunkin Donuts announced to serve breakfast sandwiches made with the Beyond Meat brand of meatless sausage products throughout Manhattan, New York.
October 2020 – Impossible Foods Inc. expanded its presence in the market in Canada with the introduction of its flagship product, the Impossible Burger. The product is offered in about 600 Sobeys family shops as well as through the retailer’s online grocery home delivery service.
September 2020 – Beyond Meat introduced its new product, Beyond Meatballs, in grocery stores across the United States. This product met consumer demand for nutritious and simple-to-prepare plant-based food.
September 2020 – Planterra Foods inked a three-year relationship with the NFL team Denver Broncos. As a result of this collaboration, the OZO brand was designated as the Denver Broncos’ Plant-Based Food Option.
September 2020 – Beyond Meat Food Co. Ltd., a subsidiary of Beyond Meat, signed a deal with Jiaxing (China) Economic and Technology Development Zone to design and develop manufacturing facilities.

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Key Segment

Product Type:

Burger Patty
Crumbles & Grounds
Sausages
Hot Dogs
Nuggets
Bacon Chips
Deli Slices
Chunks & Tips
Shreds
Cutlet
Strips, Tenders, & Fingers
Meatballs (Meatless)

Source:

Soy-based Protein
Wheat-based Protein
Pea-based Protein
Canola-based Protein
Fava Bean-based Protein
Potato-based Protein
Rice-based Protein
Lentin-based Protein
Flax-based Protein
Chia-based Protein
Corn-based Protein

Distribution Channel:

Retail
- Hypermarkets/Supermarkets
Convenience Stores
Specialty Food Stores
- Online Retail
- HoReCa (Food Service Sectors)

Region:

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

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Global Nerve Monitoring Devices Industry Poised for 6.1% CAGR, FMI Unveils Future Trends up to 2032 | FMI Findings

The Global Nerve Monitoring Devices Industry is poised for an extraordinary growth trajectory, anticipating a remarkable Compound Annual Growth Rate (CAGR) of 6.1%. This surge is expected to elevate the market from its current valuation of US$ 1.1 billion in 2021 to a substantial US$ 1.7 billion by 2026.

These optimistic projections are the result of an in-depth analysis conducted by Future Market Insights (FMI), a distinguished leader in market analysis. FMI’s commitment to excellence has led to collaborations with key pharmaceutical and healthcare device manufacturers globally, unveiling the latest insights and statistics shaping the industry’s future.

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Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Nerve Monitoring Devices Market. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Global Nerve Monitoring Devices Industry. With our extensive research and information about the past, current, and future Market scenario, the Nerve Monitoring Devices Market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Critical Questions Answered in the Report

What are ongoing trends that will shape the Market growth curve for the Global Nerve Monitoring Devices Industry?
What are the drivers and challenges affecting the Nerve Monitoring Devices Market demand?
What are the recent technological advancements in the Global Nerve Monitoring Devices Industry?
What are key trends and opportunities that will prevail in the revenue growth of Global Nerve Monitoring Devices industry players?
How will evolving regulatory policies impact the Market growth?
What is the impact of Covid-19 on the Global Nerve Monitoring Devices Industry?

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Global Nerve Monitoring Devices Industry: Segmentation

By Region

North America
Latin America
Asia Pacific
MEA
Europe

Detailed analysis of the geographical region and country-wise insights are offered in the latest Global Nerve Monitoring Devices Industry report with established market players as well as incumbents in the region.

By Segment:

By Product:

Nerve Monitor
Accessories
Probe
Electrode

By Technology:

EEG
ECOG
EP
EMG

By Application:

Neurosurgery
Spine Surgery
ENT Surgery
Cardiovascular Surgery

Comprehensive analysis of the regional Markets offers exclusive insights on the Market performance across geographies along with relevant graphs, figures, and list of tables.

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Competitive Analysis

By Prominent Global Nerve Monitoring Devices Industry Players

Medtronic, Dr. Langer Medical GmbH, Magtism, Inomed, Deymed Diagnostic, EMS Biomedical, NeuroSign, NuVasive Inc., Natus Medical Incorporated.

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 Global Nerve Monitoring Devices Industry

Why Future Market Insights?

Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of Market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Global Nerve Monitoring Devices Industry
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
Groundbreaking research and Market player-centric solutions for the upcoming decade according to the present Market scenario

Author

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 team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pulses Market Poised to Reach US$ 122,891.9 Million by 2033: Analysis of Growth Drivers, Market Dynamics, and Future Outlook

FMI finds the overall demand for pulses around the world growing at a promising 4.9% annually which is anticipated to continue till 2033. The global pulses market valuation is projected to reach US$ 122,891.9 million by the end of the year 2033.

Governments are offering financial aid and other incentives to increase output of pulses because they are a staple crop in many disadvantaged nations. Countries have created a range of food schemes aimed at expanding pulse production in recent years.

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Growing urbanisation, higher disposable incomes, and a strong desire for nutritious ready-to-eat and processed meals are driving growth. Furthermore, the concentration of a huge population base in India and China is increasing demand for nutritious food, leading to an increase in overall pulse production.

Pulses help to lower cholesterol and triglyceride levels in the human body. As a result, they are frequently consumed worldwide. In the short term, the coronavirus pandemic was predicted to create a minor delay. Despite a little slowdown caused by COVID-19, economic expectations remain generally optimistic.

As concerns over excessive meat consumption on human health dawn on consumers, they are seeking healthier alternatives. Resultantly, the market for pulses is witnessing a notable upsurge nowadays. Furthermore, the trend of healthy eating has augmented, with consumers hoping to strengthen their immunity by eating fiber, nutrient, and vitamin-rich foodstuffs. Therefore, growth prospects of the global pulses market appear largely optimistic throughout the 2020-2030 assessment period.

Key Takeaways from the Pulses Market Study Report

The United States pulses market is projected to grow at an annual rate of 3.7% over the next ten years. By following this growth rate it is expected to reach an overall valuation of US$ 4,473.2 million by the end of the year 2033.
In the European region, Germany is the leading region for business in pulses that is projected to grow at a 2.7% rate throw 2033. Meanwhile, the United Kingdom and Spain are expected to witness a higher rate of 3.1% and 4.1% respectively, over these years.
On the other hand, China is a very lucrative region nowadays for sales of pulses, which may register a CAGR of 6.4% until 2033.
Based on different forms of pulses, the pulse flour segment holds a higher potential for growth in the coming days. This segment is further projected to progress at an annual rate of 4% during the forecast years.
High consumption of pulses is likely to be in the whole form, given the higher need for good quality nutrition in countries suffering from severe hunger and malnutrition. This is largely expected to occur throughout the Middle East and Africa.

Landscape for the Pulses Market

Nestle SA, Groupe Danone, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co Ltd., Coca-Cola Co, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Dr. Schär AG/SpA, Lactalis Groupe, Valio Oy, Post Holdings Inc., and Monde Nissin Corp. among others are some of the major players in the global pulses market.

Market players can face stiff competition from alternative protein sources such as soybeans, hemp, flax, nuts, and oilseed. In most countries, the price of pulses is also phenomenally high limiting their consumption, particularly in developing economies.

This is generally attributed to the presence of interim entities who seek to profit from the pulses trade and commerce. However, nowadays, consumers rely on platforms such as Big Basket, Amazon, and Grofers to purchase pulses. Moreover, growth is largely being sustained by e-commerce channels, despite the significant presence of conventional retail outlets.

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Key Segments in the Pulses Industry Report

By Product Type:

Dry Beans
Lentils
Faba Beans
Dry Peas
Chickpeas
Cowpeas
Bambara Beans
Pigeon Peas
Vetches
Others

By Nature:

Organic
Conventional

By Form:

Whole Pulses
Flour Pulses
Split Pulses

By End Use Application:

Business to Business
- Food & Beverage Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Nutraceutical Industry
- Animal Feed Industry
Household Retail
- Store-based Retail
Hypermarkets or Supermarkets
Convenience Stores
Mass Grocery Retailers
Wholesale Stores
Departmental Stores
Food & Drink Specialty Stores
Other Retail Forums
- Online (e-commerce)
Food Service (HoReCa)
Institutional (Schools, Universities, etc.)
Others

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Food Irradiation Market Expected to Reach US$ 540.9 Million by 2033, Exhibiting a 6% Growth Trajectory: Analysis of Key Trends, Challenges, and Opportunities

The food irradiation market is anticipated to have a valuation of US$ 312 million in 2023. According to Future Market Insights, between 2023 and 2033, the market is forecast to expand at a 6% CAGR and reach a value of US$ 540.9 million.

Heightening concerns regarding food adulteration and contamination is augmenting the need for effective quality assessment solutions, thus expanding the scope of food irradiation technologies. These technologies help enhance the shelf life of foodstuffs by eliminating bacterial and fungal growth.

Furthermore, accelerating demand for sterile foods in healthcare settings is also providing traction to food irradiation technologies. Sterile foods are highly beneficial for patients suffering from life altering diseases such as cancer and HIV/AIDS.

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COVID-19 Impact Insights

The novel coronavirus pandemic has led to a major global economic downturn. Multiple industries are experiencing production cycle and supply chain disruptions due to government enforced lockdowns to contain the virus’s spread. Consequently, they are experiencing reduced profit and revenue margins.

With regard to food irradiation, sluggishness is anticipated to remain until the latter half of 2021. This is primarily because of a reduction in laboratory testing due to curbs on on-premises operations by agencies. However, this downturn is not expected to be severe, as testing is possible under remote conditions as well.

Furthermore, demand for clean-label and adulterant free foods has especially heightened since the pandemic’s onset, attributed to fears of contracting the coronavirus through the ingestion of contaminated foodstuffs. This is expected to sustain demand for food irradiating tests throughout the duration of the pandemic.

Competition Landscape

The global food irradiation market is interspersed with the presence of various regional and international level manufacturers. Prominent vendors include Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, Nordion Inc., Reviss Services Ltd., Sadex Corporation, Sterix Isomedix Services, Scantech Sciences Inc., and Phytosan SA De C.

A combination of divestitures, expansion of manufacturing and business capacities and acquisitions characterize the aforementioned players’ key market strategies. Besides, they also concentrate on enhancing their product portfolios through the development and introduction of new technologies.

In 2017, Sterigenics International Inc. successfully executed its gamma sterilization capacity in an effort to increase its global outreach. The expansion cost amounted to US$ 17.5 million. The expansion involved the installation of a new gamma irradiator to expand its testing capacities.

In 2019, Ionisos SA acquired Steril Milano, a specialist in sterilization services. The acquisition was initiated keeping in mind the company’s objective of enhancing their regional footprint across Europe, thus allowing them to access a wider customer base.

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Key players

Food Technology Service Inc.
Sterigenics International Inc.
Gray Star Inc.
Ionisos SA
Nordion Inc.
Reviss Services Ltd.
Sadex Corporation
Sterix Isomedix Services
Scantech Sciences Inc.
Phytosan SA De C
Tacleor LLC

Key segments

By Source:

Gamma Radiation
X-ray Radiation
Electron Beam Radiation

By Technology:

Ultra-high Pressure
Steam Pasteurization
Food Coating
Ozone Treatment
Others

By Region:

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

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Global Dental Floss Industry Forecasted to Hit US$ 1.35 Billion by 2032, Driven by an 8% CAGR and Surging Awareness of Oral Health

The Global Dental Floss Industry is embarking on a transformative journey, poised for substantial growth and projected to achieve a market value of US$ 626.41 Million in 2022. Forecasts indicate an impressive compound annual growth rate (CAGR) of 8% from 2022 to 2032, propelling the industry to an extraordinary US$ 1.35 Billion by the year 2032.

This unparalleled expansion is largely attributed to the escalating awareness surrounding dental hygiene and oral health on a global scale. Dental floss, a fundamental tool in maintaining pristine oral health, is emerging as a vital component in the daily dental care routine of individuals worldwide.

In today’s dynamic landscape, disposable floss is garnering widespread popularity, particularly among young children who find it more convenient and user-friendly. The growing interest in adopting preventive healthcare measures is expected to further fuel the demand for dental floss. Moreover, the rising adoption of oral care products is set to underpin the expansion of the Global Dental Floss Industry.

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Global Dental Floss Industry: Drivers and Restraints- Growing spending on dental and oral products to avoid dental surgeries will drive the growth of the dental floss market. Increasing interest in preventive health care across the world will increase the demand for dental care products such as dental floss. Growing disposable income and healthcare expenditure favor the growth of the dental floss market. The increasing demand for dental care products to prevent dental diseases such as periodontal disease, dental plaque, and oral infection.

Increasing adoption of new treatment and care options impels the growth of the dental floss market. The availability of new preventive dental care products is another major factor expected to propel the growth of the dental floss market. Increasing dentist recommendations to include flossing in daily routine propel the growth of the Global Dental Floss Industry over the forecast period. Moreover, dental care regulatory organizations such as the European Federation of Periodontology, the American Dental Association, and the National Health Service recommended the use of dental floss in health policies. High awareness regarding dental care and the availability of flavored dental floss will drive the growth of the Global Dental Floss Industry in near the future. Increasing sales of dental floss by e-commerce channel is another major trend in the Global Dental Floss Industry.

Global Dental Floss Industry: Overview

Flossing is a key part of oral hygiene which helps to prevent various dental problems. Dental floss is generally available as un-waxed floss, waxed floss, dental tape, polytetrafluoroethylene (PTFE) floss, and super floss. Waxed dental floss is available with an additional coating of wax on the tread or ribbon. Waxed dental flosses compared to un-waxed dental floss a lesser chance of gum injury compared to un-waxed dental flosses. Moreover, dental floss is easily available at online and retail stores which will turn to faster market growth in near the future.

Dental Floss Industry: Region-wise Outlook

In terms of geography, the dental floss market has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia-Pacific excluding & Japan (APEJ), Japan, Middle-East & Africa, and Latin America. North America is the most dominating market for the Global Dental Floss Industry due to the high consumption of dental floss in the U.S. market around 50% of demand comes from the U.S. market. North contributes a high revenue share as high awareness regarding oral hygiene and increasing dentist recommendations. Western Europe is expected to contribute the second largest revenue share in the dental floss market due to the rise in disposable income and high demand for new dental care products. The Asia Pacific excluding Japan dental floss market is expected to gain a high growth rate over the forecast period due to changing lifestyles, increasing healthcare spending, and dental care awareness.

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Global Dental Floss Industry: Key Market Participants

Examples of some market players participants in the Global Dental Floss Industry identified across the value chain are Procter & Gamble Company, Colgate-Palmolive, Johnson & Johnson, Sunstar Suisse SA, Prestige Consumer (DenTek Oral Care Inc.), DR. Fresh Inc., Lion Corporation (Japan), Church & Dwight Co., Inc., Shantou Oral Health Co. Ltd., and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information for market segments such as geographies, applications, and industries.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition and companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, UK, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, China ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Dental Floss Industry: Segmentation

Based on product type, the Global Dental Floss Industry can be segmented as:

Waxed Floss
Unwaxed Floss
Others

Based on the end user, the Global Dental Floss Industry can be segmented as:

Hospitals
Dental Clinics
Home Care

Report Highlights:

Detailed overview of the 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

Author

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 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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Global Electronic Tongue Industry Set to Soar with 4.5% CAGR, Envisages US$674.43 Million in Sales by 2032 | FMI

In the dynamic realm of technological innovation, the Global Electronic Tongue Industry is embarking on a transformative journey, primed for an impressive Compound Annual Growth Rate (CAGR) of 4.5% spanning from 2022 to 2032. This projected surge propels the market towards achieving substantial sales, with a forecasted figure of US$674.43 million by 2032 – a substantial leap from the US$434.28 million recorded in 2022.

At the heart of this revolutionary trajectory lies the electronic tongue, an avant-garde device reshaping the landscape of flavor assessment. Also referred to as E-tongue, this cutting-edge technology leverages multiple sensors to discern dissolved organic and inorganic substances, employing advanced pattern recognition to predict the flavor profile of a given sample. Industries such as pharmaceuticals, food & beverage, and healthcare stand to gain immensely from the diverse applications offered by the electronic tongue.

In the pharmaceutical sector, the electronic tongue plays a pivotal role in examining the bitterness level of Active Pharmaceutical Ingredients (API) and measuring the bitterness of masking substances. This innovation proves particularly valuable for pediatric and geriatric patient populations, enhancing patient adherence and improving the taste of medications.

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The development of pediatric and geriatric formulations has been improved thanks to the introduction of taste-detecting technologies by pharmaceutical corporations. The market for medical diagnostics now includes electronic tongues, which offer non-invasive disease diagnosis. By examining both liquid and vapor patient samples, the electronic tongue has been utilized to detect and identify a wide range of illnesses, including mental health issues and metabolic disorders. For medical diagnostics, inexpensive and effective electronic tongue devices like a biomimetic cross-reactive sensor array are available.

Global Electronic Tongue Industry: Drivers and Restraints-

The Global Electronic Tongue Industry is expected to account for a significant growth rate as technological advancement in the medical industry. Increasing demand for advanced and non-invasive diagnosis devices is expected to favor the growth of the electronic tongue market. Growing research and development for new drug manufacturing is expected to propel the growth of the electronic tongue market over the forecast period. Increasing adoption of advanced technologies and devices in pharmaceutical manufacturing units is expected to ample the growth of the electronic tongue industry. Increasing government funding for drug development and medical diagnosis producers’ advancement is expected to boost the growth of the electronic tongue industry. The growing development of new devices and sensors for taste assessment of dissolved organic and inorganic compounds favors the growth of the electronic tongue industry.

Global Electronic Tongue Industry: Overview

The electronic tongue market is expected to grow at a significant growth rate over the forecast period due to increasing demand for the electronic tongue in the pharmaceutical industry. Electronic tongue performs taste masking assessment and provides objective results. The electronic tongue performs taste assessment in a way similar to the human tongue. Electronic tongue analyzes sensory features such as the taste of drugs which is a key element in pharmaceutical product sales. The electronic tongue also detects gustatory components metallic, astringent, and pungent with basic tastes such as sweet, bitter, salty, sour, and umami. Electronic tongue enables pharmaceutical scientists to perform experiments without human safety considerations. Electronic tongue simplified the sensory test procedure for drug bitterness measurement.

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Electronic Tongue Industry: Region-wise Outlook

In terms of geography, the electronic tongue market has been divided into seven regions including Western Europe, North- America, Latin America, Eastern Europe, Japan, Middle-East & Africa, and Asia-Pacific excluding & Japan (APEJ). North America is expected to contribute the highest revenue share in the electronic tongue market as an increasing number of drug development and API formulation testing. Western Europe expected to contribute the second largest revenue followed by North America in the electronic tongue market. Western Europe’s electronic tongue market is expected to grow with a major growth rate due to increasing demand for advanced medical diagnostic devices. The Asia Pacific excluding Japan’s electronic tongue market is expected to grow with the highest growth rate over the forecast period due to increasing healthcare expenditure and growing investments in pharmaceutical developments.

Global Electronic Tongue Industry: Key Market Participants

Examples of companies participants in the Global Electronic Tongue Industry recognized across the value chain are:

Higuchi Inc.
Norlab
Alpha MOS
TheSmartTongue
AFB International
Blonder Tongue Laboratories, Inc.

Manufacturers are focusing on the development of customized electronic tongue devices for the medical and pharmaceutical industries.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.

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Key Segments Profiled in the Global Electronic Tongue Industry Survey

Based on Application:

Medical Diagnosis
Drug Development
Scientific Research

Based on End Use:

Pharmaceutical Companies
Contract Research Organization
Hospitals
Diagnostic Laboratories

Based on Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

Why Future Market Insights?

Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years

Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Author

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 team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Food Authenticity Testing Services Market Surges to US$ 10,112.8 Million by 2033, Registering a 6% Growth: Insights, Trends, and Future Prospects

The global market for food authenticity testing services is predicted to reach US$ 10,112.8 million by 2033, surpassing US$ 5893 million in 2023.

According to the report, access to pure and adulterant-free meals has been jeopardised in recent years. Both health-conscious customers and healthcare practitioners have been incensed by the prevalence of food adulteration, mislabeling, and hidden ingredient data.

Morbidities caused by the usage of substandard and contaminated products affect 57% of the world’s population on average. Furthermore, each year, roughly a fifth of the world’s food supply is polluted. Recognising this, governments have taken aggressive steps to mitigate the detrimental effects of food adulteration.

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Increasing consciousness among consumers has elevated the need for introducing clean-label, organic-based and naturally derived foods. Based on these developments, the global Food Authenticity Testing Services market is all set to experience an impressive upsurge in the coming years.

Key Takeaways from FMI’s Food Authenticity Testing Services Market Report

Global Food Authenticity Testing Services market is likely to expand at a noteworthy CAGR in the forthcoming decade
Asia-Pacific to emerge as the fastest expanding region for Food Authenticity Testing Services attributed to a large population base
High incidence of meat consumption to provide traction to meat speciation authenticity tests
Economically Motivated Adulterations (EMA) compelling governments to impose tough legislations to keep food adulteration in check
PCR-based tests are expected to retain their popularity due to quick delivery of test results
Processed foods testing is expected to acquire surging popularity due to high demand

COVID-19 Impact Insights

The COVID-19 pandemic presents an exceptional and unprecedented challenge for competent authorities with responsibilities for national food safety control systems. As consumers resort to consuming health and immunity boosting foods, demand for clean-label products is rising exponentially.

While nationwide lockdowns and social distancing measures have limited laboratory testing capacities, it has not fully ceased as chances of food adulteration are maximum during this time period. Unscrupulous traders are prowling the market with the objective of flooding it with adulterated food products.

Thus, leading players have revised growth forecasts to demonstrate that the market is expected to remain afloat albeit at lower projections and reduced revenue margins. Growth is expected to be restored to normal levels in the post-pandemic scenario, once lockdowns are eased following a decline in infection rates.

Leading Food Authenticity Testing Services Market Players

Some leading players in the global Food Authenticity Testing Services market include ALS Ltd., EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs to name a few.

The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

ALS Ltd., for instance, offers a wide range of testing and analysis with respect to ascertaining food quality. Its Food Authenticity Testing Services tests incorporate meat speciation through the ELISA/PCR testing techniques, halal verification and genetically modified foods. It also offers testing for detecting contaminants and allergens.

In May 2016, Intertek established its AgriTech laboratory in Hyderabad, India to perform DNA-based testing of various agricultural products. Simultaneously, the company unveiled its advanced ScanBi DNA technology.

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Key Segments

Food Tested

Meat & Meat Products
Dairy & Dairy Products
Processed Foods
Other Food Tested

Target Testing

Meat Speciation
Country of Origin & Ageing
Adulteration
False Labelling

Technology

PCR-Based
Liquid Chromatography-Mass Spectrometry (LC-MS)
Isotope
Immunoassay Based/ELISA
Other Technologies

Region

North America (U.S & Canada)
Latin America (Brazil, Mexico & Rest of Latin America)
Europe (Germany, Italy, France, U.K, Spain, BENELUX & Rest of Europe)
South Asia (India, ASEAN & Rest of South Asia)
East Asia (China, Japan & South Korea)
Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)
Oceania (Australia & New Zealand)

Key Questions Answered in the Report

What are the growth prospects of Food Authenticity Testing Services market?

The global Food Authenticity Testing Services market is slated to record largely positive growth, experiencing a healthy CAGR throughout 2020-2030. Growth is primarily being underpinned by surging demand for clean-label and adulterant free foods across lucrative markets.

Which is the largest market for Food Authenticity Testing Services players?

Asia-Pacific is slated to emerge as the most lucrative revenue generator, attributed to a large population base. Majority of food testing demand is likely to be stimulated from China and India, the world’s most densely populated countries. This is because the prevalence of food adulteration is maximum across these countries.

Who are the leading Food Authenticity Testing Services market players?

Presently, the global Food Authenticity Testing Services market is interspersed with the presence of the following market players: EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs. The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

About Future Market Insights (FMI)

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Elder Care Subscription Market Thrives: Expected to Reach US$ 11,635.5 Million by 2033

Global elder care subscription market to reach a valuation of US$ 2,563 million in 2023. Future Market Insights reports say that the market is expected to grow at a 16.3% CAGR from 2023 to 2033, anticipated to be valued at US$ 11,635.5 million by the end of 2033.

The elder care subscription market is considered to experience an upliftment in demand due to the rise in people’s increasing awareness of related adult care services, and other services globally.

Growth in demand for such elderly care services and goods is said to boost the expansion of the market due to the increase in the need for care for the huge population. The pervasiveness of such chronic illnesses like cardiovascular disease, cancer, osteoporosis, etc is rising.

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Key Takeaways from the Market Study

Sales of global elderly care subscription expanded at a CAGR of 14.2% from 2018 to 2022
The Japanese market for global elderly care subscriptions likely to grow at a share of the value of 4.2%
The North American market for global elderly care subscription is likely to expand at a share of 27.5%.
Monthly type are expected to generate maximum demand for the global elderly care subscription.
Elderly nursing homes are said to gain the traction from 2023 to 2033
Elderly nursing homes are estimated to account for 45.5% of the total value share during the forecasted period.
Monthly subscription segment is considered to hold the highest share of 55.9% over the forecast period.
Elder care subscription market in Australia with a market share of 3.5%
Market in India is anticipated to witness growth in revenue with a CAGR of 15.4%.
China is assumed to register the dominant growth at 18.3% CAGR during the forecasted period.
European market is estimated to be valued at around US$ 22.1% of the market share.
United Kingdom is said to grow at a CAGR of 13.4% during the forecast period.
Germany is said to hold a market share of 7.1% in the elder care subscription market.
United States is estimated to account for 16.5% of the market share.

Competitive Landscape

Some of the prominent players in the global market are-

Amazon.com, Inc.
ApnaCare
Ignox Labs Pvt Ltd. (Emoha Elder Care)
Samvedna Senior Care
Eldercare Services
Portea Medical
Iora Health
Home Instead, Inc.
Living Assistance Services, Inc.,
Cera Care

Some of the important developments of the key players in the market are:

In January 2023, Portea Medical has penned an article for BioVoice on Union Budget 2023 and expectations of the stakeholders to help fuel innovation and R&D, which will set the pace for propelling the pharmaceutical industry forward. He also addressed the specific demands of the stakeholders on GST, better incentives and more PLI schemes for various segments of the sector.
In January 2023, Semtech’s LoRa® devices and the LoRaWAN® standard is incredibly strong. This morning, we had the pleasure of connecting with a wide range of customers, LoRa ecosystem partners and industry experts to discuss the powerful impact of low power, long range Internet of Things (IoT) technologies on enabling a smarter, greener and more resilient future for our planet. The journey to lower carbon emissions — and, more broadly, help the enterprise achieve its environmental, social and governance (ESG) goals — is a cornerstone to Semtech’s innovation for a better world.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global elder care subscriptions market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the elder care subscriptions market is segmented based on major By Country(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), By Type(Monthly, Yearly), and By End-user(Hospitals, Elderly Nursing Homes, Homecare)

Key Segments Covered in Elder Care Subscription Sales Market

By Country:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

By Type:

Monthly
Yearly

By End-user:

Hospitals
Elderly Nursing Homes
Homecare

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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
LinkedIn| Twitter| Blogs | YouTube