Market Research Blog – Page 3622 – New Product Development

US Sustainable Tourism Market Aiming for a Remarkable Growth with a Projected Value of US$ 663.64 Million by 2033 | FMI

The market for sustainable tourism in the United States is anticipated to grow from US$ 258.1 million in 2023 to US$ 663.64 million in 2033. Over the course of the projected period, sales of sustainable tourism in the United States are anticipated to grow at a noteworthy rate of 9.90%.

The adoption of sustainable tourism in USA is anticipated to grow as It is driven by an increase in travel to unique locations, a desire to see wildlife, coral reefs, and unspoilt places, as well as an increase in attention to sustainability. However, a lack of lodging options and a dearth of upscale, hygienic eateries in tourist areas are likely to hamper USA sustainable tourism market expansion.

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The demand for sustainable tourism in USA is rising as various organizations are following promotional activities such as direct marketing, discounts, offering free giveaways, sales, hosting an event. USA sustainable tourism market share is anticipated to grow as the majority of potential customers are millennials who spend the majority of their time on the internet using search and social media.

On the other hand, public-private partnerships that subsidize air travel to far-flung tourist sites, enhance transportation capacities, and facilitate access is likely to open up new opportunities in the USA sustainable tourism market.

Sustainable Tourism has proved to be one of the most strategic economic segments, especially for lesser-known destinations that can thus advantage from positive economic spill-over effects that concern also the entire territorial system.

Popular sustainable tourism destinations in USA have incorporated emergency health care measures and restrictions enforced on social movements around the world. Beaches and resorts are unoccupied, peoples’ movements are stopped, and traveling between territories is strictly controlled.

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Key takeaways

In terms of tour type, the package travelers are estimated to account for the relatively highest value share in the Spain sports tourism market
By booking channel, the online booking section is expected to hold a major share in the market.

The travelers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online.

Research is important for the sports tourism analysis as it helps in assessing the overall growth and contribution of the sports tourism sector to the nation’s GDP.
Based on the tourist type, the domestic tourist segment is likely to remain high over the forecast period.
The five key support columns of sustainable tourism development are tourism ancillary, accessibility, amenity, attraction, and community involvement.

Competition Landscape of USA Sustainable Tourism Market

Leading companies providing USA sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in USA, and new offers that have driven sales growth of sustainable tourism in USA.

Key players in the USA sustainable tourism market

Bouteco
Kind Traveler
Responsible Travel
Wild Frontiers Adventures Travel
Wilderness Holding Limited
Beyonder Experiences
Undiscovered Mountains
Gondwana Ecotours
Row Adventures
Natural Habitat Adventures
Cheeseman’s Ecological Safaris
Sustainable Travel International
NATIVE TOURS, INC.

Recent Developments in the USA Sustainable Tourism Market

In order to share stories from hoteliers and other change-makers in the travel industry from every country in the world, one at a time, Bouteco launched its #BOUTECOWORLDSTORIES series on Instagram in June 2020.
On January 5, 2022, Kind Traveler debuted a freshly enhanced platform with numerous opportunities for visitors to give back and support the places they travel to. The Kind Traveler 2.0 model, which is the first Give + Get hotel booking platform in the world, offer 45 new hotel alternatives, 20 new charities, several room categories, special incentives, tree-planting possibilities, volunteerism opportunities, and a measurable positive impact report with each booking.

USA Sustainable Tourism Market by Category

By Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourism Type:

Domestic
International

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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
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Refined Cane Sugar Market: Current Landscape and Projected Industry Growth with Key Player Insights by 2033 | FMI

The refined cane sugar market size is expected to be valued at US$ 62.24 billion in 2023 and is projected to reach US$ 108.34 billion by 2033. During the projection period, the demand for refined cane sugar is anticipated to increase at a CAGR of 5.7%.

The market is primarily driven by the abundance of sugarcane, as well as by other qualities including superior flavor and caramelization when compared to beet sugar. The demand for refined cane sugar has also been impacted by improvements made to the existing traditional sugar, like brown refined cane sugar, which has added molasses to boost flavor and aesthetic appeal. Additionally, the sales of refined cane sugar are rising due to the restorative properties of sugarcane and its health benefits to the body.

Due to its nutritional advantages over typical conventional cane sugar, organic refined cane sugar has experienced a significant increase in popularity. The expansion of the market is being influenced by the rising consumer demand for refined cane sugar as a sugar alternative in food and beverage goods.

The food and beverage industry is booming as manufacturers of refined cane sugar are emphasizing innovation, launching new products, and shifting consumer demand. Refined cane sugar production has consequently evolved into a significant element in the food processing industry as a result of its vast range of applications.

The demand for processed foods and beverages among consumers is the main driver of industry growth. Furthermore, a sizable amount of refined cane sugar is used in every beverage, alcoholic and non-alcoholic. An increasing trend in the industry, such as pairing snacks with drinks, has significantly increased the prospects of revenue development for manufacturers of refined cane sugar.

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Key Takeaways from the Refined Cane Sugar Market:

Sales of refined cane sugar in the United States are likely to surpass $16.69 billion in 2022.
The demand for refined cane sugar is predicted to increase in the US at a CAGR of 8.4% during the forecast period.
With a CAGR of 3.6% expected during the projection period, Germany is predicted to dominate the European market for refined cane sugar.
Japan is one of the countries with a notable CAGR of 2.8% for refined cane sugar throughout the predicted period.
Despite having a far lower per capita consumption than other regions, such as Asia Pacific, South Korea is rapidly expanding its demand for refined cane sugar.

What are the Key Players in the Refined Cane Sugar Industry Doing?

The global market for refined cane sugar is fragmented due to the existence of local and regional businesses in numerous countries. Due to the rising consumer desire for organic foods, there has been a significant increase in the demand for refined cane sugar in recent years. Large firms are expanding their current selection of refined sugar to include organic versions to meet the growing demand.

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Recent Developments in the Refined Cane Sugar Market:

DouxMatox and Lantic, a North American sugar producer, announced their collaboration in October 2020 to offer innovative cane sugar-based sugar reduction technology to North American food processing companies.
In October 2019, Parry’s, a well-known sugar business in India, unveiled natural brown sugar. The product has undergone less processing than other comparable products, and it contains micronutrients like calcium, magnesium, potassium, and iron.
“Vesnit Complete,” a brand-new herbicide for sugarcane and maize growers, was presented by BASF in March 2022. For the complete, effective management of broadleaf weeds and post-emergent grasses in sugarcane, turn to Visit Complete. It has a simple recipe and offers outstanding crop safety and long-term control.

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Key Market Segments

By Product Type:

Liquid Sugar
Granulated Textured Sugar
Powdered Sugar
Pulp
Other Product Types

By End Use:

Beverages
Confectionary
Bakery Products
Dairy Products
Other Food Applications

By Region:

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

Author by:

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

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

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Fence Screen Market in North America: Trends, Stakeholders, and Projections (2023 to 2033)

The cold chain packaging industry in the united states and canada’s fence screen market is anticipated to be worth US$ 6.9 billion in 2023. From 2023 to 2033, it is expected to increase at a CAGR of 12.2%. It is expected to be worth US$ 21.8 billion by the end of 2033.

The top five cold chain packaging manufacturers in the United States and Canada are expected to control 10% to 15% of the total market by 2023. Cold chain packaging is predicted to gain appeal in the meat, poultry, and seafood industries, as well as in the baking and confectionery industries.

Rising demand has motivated advanced research toward better temperature-sensitive medicinal product delivery.

Vacuum-insulated

packaging delivers key benefits over polyurethane and expanded polystyrene-based insulated shippers. VIP-based shippers are comparatively lighter and smaller in weight.

These help to reduce refrigerant requirements, provide a broad temperature range, and successively cut down distribution costs. CSafe, one of the prominent producers of VIP, incorporates its exclusive ‘ThermoCor’ VIP combined with a protective buffer.

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It offers shippers at a cost lower than conventional PUR shippers. Increasing preference for ocean freight often expands carriage time. It is anticipated to further drive the adoption of VIP-based shippers.

Sonoco Thermosafe’s product Greenbox, for instance, is for the pharmaceutical industry. It employs VIP for insulation and has a patented renewable phase change material that is plant-based. Sofrigam’s elite cooling boxes incorporate PUR and VIP and offer temperature stability up to 240 hours.

Key Takeaways From the Market Study:

The polymer segment by material type is likely to hold around US$ 15.2 Billion of the market value in 2033.
The paper segment is estimated to witness a gain of 2.1x times by value and a CAGR of 14.2% during the forecast period.
The gel packs segment by product type is anticipated to witness a 12.6% CAGR from 2023 to 2033.
Phase change cold storage products segment is estimated to witness a gain of 3.8 times its value by the end of 2033.
The reusable packaging segment by packaging format is anticipated to witness a CAGR of 12.7% in the assessment period.

Advanced Technology for Enhancing Safety and Temperature Monitoring to Drive Sales:

One prominent area where passive packaging lacks behind active packaging is its tenuous ability to provide safety during transportation. Numerous companies are offering shippers equipped with temperature sensors, which immediately detect if the container has been opened during transportation.

A few shippers now come equipped with thermochromic labels that change color to provide visual verification that shippers are ready to pack. Pelican’s reusable shipper and Sofrigam’s Elite cooling box, for instance, come equipped with these sensors.

Data loggers with temperature sensors and USB connection points are becoming highly common and inexpensive to integrate. These label-like loggers effortlessly attach to the packaging, continually follow temperature conditions, and supply a comprehensive study for time & temperature data.

Battery-powered data loggers can include developed technologies such as WiFi, RFID, and GPS. It can deliver real-time details about temperature fluctuations. A few of the product offerings include BIOmed Xpress PDF, PakSense, and temperature monitoring LabelCCL100, cold chain logger, Tempt RIP, and Vaisala.

Growing Preference for PCM over Dry Ice and Other Coolants Might Boost the Market

Dry ice has been prominently used as a coolant for the passive packaging of temperature-sensitive food and pharmaceuticals since time immemorial. However, dry ice is dangerous if not handled with care and releases high-concentration carbon dioxide vapors.

It can, in turn, increase global carbon emissions. With the advent of economic inorganic phase change materials (PCMs), various temperature-controlled packaging solution providers have started offering PCM-equipped packaging solutions.

PCMs are non-hazardous, non-toxic, non-flammable, require less energy to freeze, and are reusable with the stability of 1000s of the cycle. Material compatibility, cost, and availability of PCMs pose a significant constraint toward their adoption.

Notable cost saving by deploying them in thermal packaging clearly outweighs the negatives. Prominent companies such as Sonoco, Tempack, Cold Chain Technology, Sofrigam, and Intelsius offer PCM-based packaging solutions. Rapid advancement and research & development are expected to push product innovation. It is further set to drop prices and drive the shift toward PCM over dry ice and gel packs.

Competitive Landscape:

Leading companies in the cold chain packaging business in the United States and Canada are making significant gains by creating innovative products. They would also benefit from recent initiatives and mergers made by well-known Canada- and United States-based players to obtain a competitive edge.

Key Companies Profiled:

Ball Fabrics
Tenax Corporation
FenceScreen Inc.
Putterman Athletics
Seegars Fence Company
Eagle Industries
Fence Screen Depot
Rolascreen
Sunesta
Artisan Panels Inc.

For instance,

In May 2021, CSafe developed a VIP insulated shipper for BioNTech’s facility. It provides 10+ days of temperature protection for vaccine shipments with minimal dry ice.

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Future Market Insights (FMI), in its new report, offers an unbiased analysis of the United States & Canada cold chain packaging market, analyzing historical demand from 2017 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the United States & Canada cold chain packaging market based on product type (pallet shippers, insulated containers, foam bricks, gel packs, protective packaging, phase change cold storage products), material type (polymer, metal, paper), packaging formats (reusable packaging, disposable packaging), end use (food, beverage, pharmaceutical, cosmetics & personal care), and country.

Key Companies Profiled:

Ball Fabrics
Tenax Corporation
FenceScreen Inc.
Putterman Athletics
Seegars Fence Company
Eagle Industries
Fence Screen Depot
Rolascreen
Sunesta
Artisan Panels Inc.

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Market Categorization:

By Product Type:

Pallet Shippers
Insulated Containers
Foam Bricks
Gel Packs
Protective Packaging
Phase Change Cold Storage Products

By Material Type:

Polymer
Polyethylene
Polypropylene
PET
EPS
Polyurethane
Others (PVC, Nylon, Teflon)
Metal
Paper

By Packaging Formats:

Reusable Packaging
Disposable Packaging

By End Use:

Food
Beverages
Pharmaceutical
Cosmetics & Personal Care
Chemical
Others (Textile, Electronics, Research Institutes, Building & Construction)

By Country:

United States
Canada

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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Injection Pen Market Sets its Sights on a Projected Surge to US$ 85.8 Billion by 2033

It is anticipated that by the end of 2033, the global injection pen market outlook would have grown at a 7.0% compound annual growth rate (CAGR), from US$ 40.7 billion in 2022 to US$ 85.8 billion. It is anticipated that the global injection pen market will expand at a compound annual growth rate (CAGR) of 7% from US$ 38 billion in 2021 to US$ 53 billion in 2032.

Injectable pens are becoming more and more popular as an alternative to the conventional vial and needle method, which is fueling market expansion due to the rise in needle stick injuries. Based on the latest information and data from the biggest producers of pharmaceuticals and medical equipment worldwide, FMI provides a thorough overview of the injection pen industry.

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

The report offers extensive data sets validating key trends impacting growth in the Injection Pen market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Injection Pen market. With our extensive research and information about the past, current and future market scenario, the Injection Pen market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Competitive Analysis

By Prominent Market Players

Key Players:

include Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (US), Ypsomed Holding AG (Switzerland), Sanofi (France), Eli Lilly and Company (US), Merck KGaA (Germany), AstraZeneca plc (UK), F. Hoffmann-La Roche Ltd. (Switzerland), Owen Mumford (UK), Sulzer Ltd. Sun Pharmaceutical Industries Ltd. (India), Pfizer (US), Biocon Ltd. (India), Lupin Ltd. (India), Wockhardt Ltd. (India), AptarGroup, Inc. (the US).

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 Injection Pen mark.

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Key Segments:

By Product Type:

Disposable Injection Pens
Reusable Injection Pens

By Therapy:

Diabetes

- Insulin therapy
  - GLP-1 therapy
Growth Hormone
Osteoporosis
Fertility
Auto-immune Diseases
Cancer
Other Therapies

By End User:

Home-care Settings
Hospitals & Diagnostic Clinics

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Polylactic Acid Market: Navigating Present Dynamics and Future Growth Prospects with Major Key Players’ Data by 2032 | FMI

As per a recent research report by FMI, a market research and competitive intelligence provider, sales of polylactic acid (PLA) market are estimated to reach a value of US$ 3.1 Bn by 2032, surging at 11.9 % CAGR throughout the evaluation period from 2022 to 2032.

Growing demand for PLA in the manufacturing of bio-based, biodegradable plastics is a key trend that is boosting the market. Over the last few years, companies in both developing and developed economies have increased their production of bioplastics. Growing demand for PLA in the manufacturing of sutures and stents is another factor that is likely to propel medical advancements across the globe.

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There is an increasing demand for PLA-based products owing to their multiple functionalities. Also, there has been a rise in terms of new players in the market. There are also many small-scale players that are concentrating more on innovation than sales.

Leading manufacturers that have a significant global presence have increased mergers and acquisitions with small-scale companies to expand their product portfolios and supply their products to a larger consumer base. Some of the key players are also acquiring advanced manufacturing plants to increase their production capacity. Growing trend for green packaging, which is environmentally friendly, is also likely to drive growth in the global polylactic acid market in the projected time frame.

Key Takeaways from the Polylactic Acid Market Study

During the historical period between 2017 and 2021, demand for polylactic acid grew steadily at a CAGR of 9.8%.
North America polylactic acid market is estimated to generate a share of around 29.5% in the forecast period.
Sales of polylactic acid in China is projected to grow at 10.7% CAGR between 2022 and 2032.
Demand for polylactic acid is expected to grow at 12.8% CAGR between 2022 and 2032 in Europe.
Based on end use, the 3D printing segment is projected to generate a revenue share of about 44.4% in 2022.

“Increasing adoption of polylactic acid in the medical industry for the development of implants, screws, and stitching materials is estimated to augur well for the global market. Besides, automakers are set to use polylactic acid for the manufacturing of tires to reduce fuel consumption,” says a lead analyst at FMI.

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Competitive Landscape: Polylactic Acid Market

Polylactic acid has a strong competitive global market. Introducing new blends with polylactic acid, multiple functionalities of PLA across several industries, and growing awareness about environmentally friendly products are some of the main drivers pushing market expansion.

Some of the leading companies offering polylactic acid include Toray Industries Inc., Stora Enso Oyj., Amcor Plc, LG Chem and ADM (JV), Evonik Industries AG, Total-Corbion PLA, Henan Jindan Lactic Acid Co. Ltd., NatureWorks LLC, Galactic, and Sulzer Chemtech among others.

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Market Segments Covered in Polylactic Acid Market Analysis

By Product Type:

Films
Sheets
Coatings
Fibers

By End Use:

Packaging
Biomedical
3D Printing

By Region:

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

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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Mexico Sustainable Tourism Market to Achieve 13.8% CAGR, Aiming for US$ 124.65 Million by 2033 | FMI

According to estimates, the value of the sustainable tourism sector in Mexico would reach US$ 34.22 million by 2023. The analysis projects that sales would rise at a strong 13.8% CAGR. Three to four percent of the global sustainable tourism sector is made up of business from Mexico.

According to the market survey reports, Mexico’s sustainable tourism sector currently generates between 3% and 4% of the global sustainable tourism market’s overall revenue. This demonstrates the nation’s expanding relevance and room for growth in sustainable tourism in the coming days. In the market report, some significant revelations illuminate how Mexico’s sustainable tourism industry is set to expand in the future years.

Mexico’s rich cultural legacy, beautiful natural scenery, and different ecosystems all provide a strong basis for sustainable tourism growth. It now hopes to gain from its dedication to sustainable practices as authorities are now focusing more on the importance of traveling responsibly and sustainably. Mexico’s dedication to sustainable practices is anticipated to position it as an appealing alternative as customers are looking for locations that reflect their beliefs.

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The Mexican government is now collaborating with organizations from the commercial sector to create market eco-friendly travel destinations and implement eco-friendly principles. Other initiatives like improving infrastructure to facilitate ethical travel are also anticipated to draw more environmentally concerned tourists looking for genuine experiences successfully.

Key Takeaways from the Mexico Sustainable Tourism Market Study Report

The overall market is projected to witness an absolute dollar growth of nearly US$ 90 million over the next ten years until 2033.
Eco-lodges, community-based tourism initiatives, and protected natural areas focus on developing ecologically and socially responsible travel experiences in Mexico.
The Mexican federal government unveiled its ‘National Strategy for Sustainable Tourism’ in 2021. All facets of the tourist business, including travel, lodging, and leisure, were aimed at encouraging the adoption of sustainable tourism practices.

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Competitive Landscape for the Mexico Sustainable Tourism Market Players

Frommer’s, EcoColors, Intrepid, Project Expedition, Discover Corps, Titan Travels, Indus Travels, Global Basecamps, and Exodus Travels, among others, are some leading players in Mexico. Mexico supports further competition where this industry can help the local people by building partnerships promoting conservation, cultural preservation, and economic growth.

Many new organizations have come to satisfy the rising demand for ecologically and socially responsible travel experiences in Mexico, particularly after 2021. More partnerships among tourist industry participants, regional communities, and environmental groups could be crucial in fostering the development of the existing market players.

Recent Developments in the Mexico Sustainable Tourism Market

The ‘Indigenous Tourism Program’ initiative by the Mexican government started recently in the year 2023, by which indigenous communities around Mexico are encouraged to engage in community-based tourism. The program offers funding assistance to indigenous communities so they may create and promote sustainable tourism initiatives.

The first carbon-neutral hotel chain in Mexico got established by the Mexican hotel company Habita Hotels in 2022. The business intends to become carbon neutral in the coming years by investing in renewable energy projects and planting trees, among other strategies.

Segments Covered in Mexico Sustainable Tourism Industry Survey Report

By Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourism Type:

Domestic
International

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women

By Age Group:

15 to 25 Years
26 to 35 Years
36 to 45 Years
46 to 55 Years
66 to 75 Years

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Analyzing Market Trends, Players, and Projections in the Screw Conveyor Industry Until 2032

According to the most recent research, the Screw Conveyor market is anticipated to grow at a rate between 6% and 8% between 2022 and 2032. With a positive growth prognosis for the long term, demand for the product will experience faster growth recovery in the short term.

The key driver of the market expansion for screw conveyors is the rising demand from end-use industries around the world. Additionally, the major manufacturers’ technological innovation in their products will increase demand for screw conveyors and broaden its employment chances in the near future.

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In various industries such as agriculture, food & beverage industry, construction industry the product is widely used in bulk material handling which helps in moving and distribution of the liquid and rough material. The product’s design simplicity and its low maintenance are the major factors that are gaining the attention of many end-users.

With rising living standards, consumption of cereal, grains, and fruits is also growing which is directly affecting the increasing demand for product mixing machinery in the agricultural industry. This resulted in propelling the sales of the product and which is expected to push the global market over the near future.

Manufacturers are focusing on new product designs and technologically advanced products with exceptional characteristics such as feasible and easy handling which helps to cater to the customer’s requirement and to increase the customer base.

Horizontal Screw Conveyor Holds Major Share of the Market

According to the study, it is estimated that the horizontal installation of screw conveyors holds the major market share. The horizontal type is the most broadly used product type. Horizontal installations are available in different configurations and sizes which are used to convey bulk material from one process to another process.

Agriculture and Food & Beverages Segment to Lead the Market

As the product has exceptional characteristics which include better flexibility, ease of material handling, and energy efficiency which increases its applications in agricultural activities such as harvesting and growing, and processing of agriculture products such as corn, rice, wheat, maize, etc. This flexible characteristic of the screw conveyor is expected to propel the global market over the forecast period.

The increasing population in China and India is leading to increasing demand for food and beverages which is fueling the screw conveyor demand over the forecast period. Screw conveyors provide the advantage of minimizing the waste during the material handling and while mixing the raw materials and conveying that material to another process in the manufacturing industry.

Screw Conveyor Market 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

Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Key Segments

By Installation Type:

Horizontal Installation
Inclined Installation
Vertical Installation
Flexible Installation

By End Use:

Mining and Cement Industry
Agriculture Industry
Food and Beverage Industry
Solid Waste Management Industry
Warehouse and distribution
Food & Beverages
Others

By Region:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia)
South Asia (India, ASEAN, ANZ, Rest of South Asia)
East Asia (China, Japan, South Korea)
The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)

Key Players:

Some of the leading manufacturers and suppliers of the product include

Vac-U-Max, Inc.
Continental AG
FMC Technologies
Anders Pedersen
Industrial Screw Conveyors, Inc
Maskin- & Specialfabrik
WAMGROUP
Shanghai Zenith Company
Conveyor Engineering and Manufacturing
DEMECH India
SPIRAC Engineering
KWS Manufacturing Company Ltd.
Martin Sprocket & Gear, Inc.
PST AB
Thomas and Muller Systems
FMC Technologies
Flexicon Corporation
Cyclonaire.

Manufacturers are upgrading the technology of the product with outstanding features which include informal handling, energy efficiency, and better tractability.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic 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.

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 is 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 Donuts Market: Analyzing Current Trends and Anticipated Industry Growth with Key Player Data by 2033 | FMI

The value of the global vegan donut market at US$ 120.4 Mn in 2023 and at US$ 273.8 Mn by 2033. Increasing veganism and the worldwide demand for vegan donuts are two major factors behind this growth.

As more and more people learn about the beneficial effects of vegan baked goods on their gut health, immune system, and inflammation levels, they are making the switch to vegan options as part of their normal snacking routine. The growth of the vegan donuts market, however, may be hindered soon by competition from conventional snack foods.

As a result, the forecast calls for a 9.6 % growth rate in the vegan donuts market, with the United Kingdom, the United States, Germany, and Japan rising to prominence as major manufacturers.

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Over the projected time period, vendors are expected to benefit greatly from the expansion of the retail sector. Further, developments in the market, such as the rising desire for healthier doughnuts, are likely to present sellers with fresh expansion possibilities. However, raw material price fluctuations pose a threat to the expansion of the market players. Suppliers to the market would do well to maintain their footholds in the slower-growing categories while shifting their attention to the fast-growing ones.

In the United States, the rising popularity of private-label bakery products can be attributed in large part to the extensive selection made available by numerous suppliers. In recent years, vegan donuts and vegan baked goods have become increasingly available at supermarkets, drugstores, and even online. Private-label goods are a viable option for thrifty shoppers. In order to increase their bottom lines, stores are more likely to stock private-label products rather than name brands.

In terms of driving economic expansion, sustainability has emerged as decisive.

As more people become aware of the link between agriculture and environmental degradation, they are increasingly looking to purchase food products from companies that use environmentally friendly processes.

Manufacturers are working on optimising supply chain processes to keep consumers informed about their sustainable practises and boost sales, even while vegan baked goods correspond to ethical concerns over animal care.

Iceland’s recent ban on palm oil use in vegan baked goods is indicative of growing support for environmentally friendly business methods in the food processing industry. The move comes after reports of child labour, deforestation, and a decline in animal populations in Malaysia and Indonesia, where the oil was previously sourced.

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Key Takeaways

The Japanese vegan donut market is expected to hold a share of 5.2%
The trend toward healthier ways of living is primarily responsible for the expansion of this sector.
The Germany vegan donut market is expected to hold a share of 16.4%
There has been a rise in demand for vegan donuts in the hospitality industry, and in response, many businesses have formed partnerships to provide this market.

Competitive Landscape

The degree to which market segments are separated is high now and is expected to rise even further during the predicted period. The market’s players are using a mix of organic and inorganic growth tactics including new product launches and mergers and acquisitions to sustain growth and stay ahead of the competition.

Top Companies Offering Vegan Donuts:
Considerit – Edinburgh, Scotland: Considerit’s bakers are advocates of a vegan future, and they’re using donuts to spread their message. On top of that, they produce high-quality ice cream and chocolate. They make healthy items that taste incredibly decadent.

Lovebirds Donuts – Kittery, USA: The slow-raised yeast doughnuts at Lovebirds are what set them apart, providing the kind of gourmet quality we all seek. Alternatively, if cake donuts are more your style, you can find them here as well, in a wide variety that rotates every month.

Donut Corp – Santiago, Chile: Small batch, seasonal brioche doughnuts made in a 24-hour cycle are the specialty of this craft donut store. They are the quintessential comfort food because of the brioche method, which gives them an extra buttery, airy flavour.

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Key Segments

By Product:

Yeast doughnuts
Cake doughnuts

By Distribution Channel:

E-commerce
Offline
- Vitamins & Supplements Stores
- Retail and Departmental Stores
- Supermarkets
- Vegan Fairs
- Others

By Region:

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

Author by:

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

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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Epilepsy Monitoring Devices Market Eyes US$ 894.63 Million by 2033, Capturing a 5.5% CAGR

Over the course of the projected period, a significant growth in the worldwide epilepsy monitoring devices market revenue is expected. By 2033, the sales are projected to reach US$ 894.63 million, representing a 5.5% CAGR.

A prevalent neurological condition that affects millions of people worldwide is epilepsy. The market is anticipated to be impacted by the ageing population as well, as they are more susceptible to epilepsy. Wearable epilepsy monitors for usage at home are a result of growing interest in epilepsy monitoring at home.

Wearable epilepsy monitoring devices are growing in popularity due to their convenience, portability, and potential to offer real-time data on seizure activity. The market is also driven by product innovation and new product launches that meet the evolving needs of patients and healthcare professionals.

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The wearable devices segment has been growing at a rate of 15.1% in recent years. While wearable gadgets and AI-powered systems are gaining popularity, traditional instruments such as EEG and VEEG systems remain the backbone of epilepsy monitoring.

Hospitals have a substantial portion (45%) of the epilepsy monitoring equipment market. Due to the requirement of advanced facilities such as EEG and VEEG devices to diagnose and monitor patients with epilepsy.

Patients with epilepsy may need long-term monitoring to collect data on their seizures. This is usually done in a hospital or epilepsy center’s epilepsy monitoring unit (EMU).

Hospitals and epilepsy centers have access to a variety of standard and advanced epilepsy monitoring devices. Making them prominent players in the epilepsy monitoring devices market.

North America controls a significant market share of 39% in the epilepsy monitoring devices market. Due to the presence of leading manufacturers of epilepsy monitoring devices, favorable government initiatives, and the increasing adoption of advanced technologies such as AI-powered devices and wearable devices.

Europe is also a prominent market, with a market share of 29% in 2020, due to the existence of prominent manufacturers of epilepsy monitoring devices. Moreover, favorable government measures to improve healthcare, and the increasing acceptance of telemedicine for epilepsy care.

The Asia Pacific region is witnessing a growth rate of 8.15% and is becoming an important market for epilepsy monitoring equipment. Due to increasing prevalence rates of epilepsy, rising healthcare expenditure, and increased awareness of the ailment. The cost-effectiveness of devices is also a key factor driving the market’s growth in this region.

Competitive Landscape
New players can enter the competitive environment of epilepsy monitoring equipment. Even though the market is dominated by sizable firms, fresh strategies, and advances are possible. Companies that cater to the market compete fiercely, allowing the market to be dynamic.

Companies’ new tactics center around accuracy and precision. Brands are using new technologies to develop new products such as seizure sleep monitors and smartwatch seizure detection gadgets.

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Some key players in the market include:

Nihon Kohden Corporation
Medtronic PLC
General Electric Company
Koninklijke Philips N.V.
Compumedics Limited
Natus Medical Incorporated
EB Neuro S.p.A.
Cadwell Industries, Inc.
BrainScope Company, Inc.
LivaNova PLC

Latest Developments

Nihon Kohden has developed EEG electrodes that may aid in the prevention of cross-contamination among patients and healthcare personnel.
Natus Medical has collaborated with Holberg to create and deploy an auto-scoring system that aids in the classification of electroencephalography (EEG).

Key Segments Covered in the Market Report

By Product:

Wearable Devices
Conventional Devices

By End User:

Hospitals
Ambulatory Surgery Centers and clinic
Neurology Centers
Diagnostic centers
Home Care Settings

Malaysia Tourism Market Anticipated to Hit US$ 9,350.3 Million by 2033 | FMI

According to Future Market Insights’ most recent research, Malaysia’s tourism market would generate US$ 2,853.9 million by the end of 2023. In the long run, it is predicted that tourism in Malaysia will generate about US$ 9,350.3 million in 2033.

Tourism is growing every year as a result of greater lodging and transportation options. This is the specific cause of the market expansion in Malaysia. The Malaysian government’s persistent efforts to court international elites from the high income group are another element promoting tourism growth.

The project of developing 15 projects including Malaysia Eye, International Fashion Street, Sunset Beach, and Cruse Shopping Gallery is creating curiosity among tourists and is therefore leading to a robust development in the growth of Malaysian tourism. Medical tourism is one of the important factors that is boosting the tourism industry in Malaysia.

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Liberalization of some government controlled sectors, development of more tourism destinations, and increased involvement of the private sector are some of the key measure that will improve Malaysia tourism performance in the future. The Malaysian government is making its tourism industry more attractive. More skilled personnel will be required to manage government function in future.

Competitive Landscape

There are many suppliers who are assuring a safe and affordable travel experience, which has made travel and tourism possible and at ease. Top tour operators offer fascinating and distinctive travel packages around Europe, America, Asia, and the Middle East, providing smooth and simplified travel experience for both straightforward and difficult excursions.

Leading travel agencies like Agoda and booking.com have also managed to gain a major market share by making it convenient for the travelers to safely book at the best prices

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Malaysia Tourism Market by Category

By Direct Suppliers:

Airlines
Hotel Companies
Car Rental
Train
Tour Operators
Government Bodies

By Indirect Suppliers:

OTA (Online Travel Agency)
Traditional Travel Agencies
TMC’s( Travel Management Companies)
Corporate Buyers
Aggregators

By Number of Bookings:

Age
- Under 15
- 16-25
- 26-35
- 36-45
- 46-55
- Over 55

By Activity Type:

Cultural & Heritage
Medical
Eco/sustainable
Sports
Wellness
Other

By Demographic:

Male
Female
Kid

By Tourism Type:

Domestic
International

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tour Type:

Individual Travel
Professional Groups
Group travels

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani