Market Research Blog – Page 3623 – New Product Development

Vegan Pastry Market: Navigating Present Dynamics and Envisioning Future Industry Growth with Key Player Analysis by 2033 | FMI

The global vegan pastry market is expected to be valued at US$ 298 million in 2023 and to reach a valuation of US$ 491.5 million by 2033. The demand for vegan pastry is estimated to grow at a steady 6.2% CAGR, with the U.K., the U.S., China, and India emerging as key producers.

The use of organic and natural ingredients is a trend that is shaping the vegan pastry market. Companies are using organic and natural ingredients in their vegan products and pastries. This trend is driven by health and wellness concerns, as well as a desire to reduce the environmental impact of food production. Consumers are becoming more aware of the impact that the food industry has on the environment and are choosing products that are made with natural and organic ingredients as they are seen as healthier and more sustainable options.

Sustainability is also a key trend in the vegan pastry market. Companies are increasingly using sustainable packaging materials in order to reduce the environmental impact of their products. This includes biodegradable and compostable packaging materials. Consumers are becoming more aware of the impact that packaging has on the environment and are choosing products that use sustainable packaging. This not only helps to reduce waste but also sends a message to companies that sustainable packaging is important to consumers.

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One of the main restraints of the demand for vegan pastry is the high costs of production. Vegan pastries may be more expensive to produce than traditional pastries due to the use of specialty ingredients, such as gluten-free flours, organic fruits and nuts, and other alternative ingredients like aquafaba and flaxseeds. These ingredients can be more costly than traditional ingredients, making it challenging for companies to offer these products at competitive prices, which can limit their appeal to cost-conscious consumers. This can be a barrier for companies looking to enter the market and for consumers who may be on a budget.

Vegan pastries may not be widely available in many regions, especially in rural areas, where there may not be enough demand to support specialty vegan pastry shops or bakeries. This lack of availability can make it difficult for consumers to find vegan products and pastries, which can limit the growth of the demand for vegan pastries. This can also be a challenge for companies looking to enter the market, as they may not be able to reach all their potential customers.

Key Takeaways

The vegan pastry market is driven by health concerns, environmental concerns and animal welfare.
Plant-based ingredients, free-from options, organic and natural ingredients and sustainable packaging are the key trends shaping the market.
High cost of production, limited availability, limited variety, lack of awareness, scepticism towards plant-based products, regulatory challenges, competition with other plant-based products, and lack of standardization is the key restraints of the demand for vegan pastry.
As consumers’ preferences, awareness and concern for the environment and animal welfare increase, the demand for vegan pastry is expected to grow.
Companies need to innovate, focus on sustainability and create products that are appealing to a wide range of consumers to succeed in the market.

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Competitive Landscape

The competitive landscape of the vegan pastry market is quite diverse and competitive, with several small and large companies vying for market share. Some companies are well-established, while others are newer and are trying to establish themselves in the market.

One of the competitive strategies that companies in the vegan pastry market use are to focus on product innovation, such as developing new flavors, textures and ingredients. This helps to attract and retain customers and sets them apart from the competition.

A competitive strategy that companies in the market are using is to focus on sustainability. As consumers become more conscious about the environmental impact of their food choices, companies are working to reduce their carbon footprint, and offer sustainable packaging options, to appeal to this conscious consumer.

Distribution and promotion are also important competitive factors in the market. Companies with a larger distribution network and greater visibility in the market may have an advantage over smaller companies.

Overall, the vegan pastry market is quite competitive, with companies using a variety of strategies to try to gain market share. This can lead to a dynamic and rapidly evolving market, with companies constantly working to improve their products and appeal to consumers.

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Key Segments

Type of product:

Cakes and cupcakes
Bread and buns
Pies and tarts
Pastries and doughnuts
Cookies and bars

Distribution channel:

Supermarkets and hypermarkets
Natural food stores
Online retail
Specialty stores
Convenience stores

Region:

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

About Future Market Insights (FMI)

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

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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Liqueurs Market: Unveiling the Current Landscape and Forecasting Industry Growth with Key Player Insights by 2033 | FMI

The global liqueur market is estimated to reach 130.23 billion in 2023 and is projected to reach a revised size of US$ 181.93 billion by 2033. The market is expected to register a CAGR of 3.4% over the forecast period.

Due to its unique taste and availability in different flavors, the liqueur is becoming popular as an after-dinner digestive, appetizer, and cocktail ingredient. The liqueur market is also experiencing an increase in demand for different types of liqueurs due to the market’s growing popularity.

During the forecast period, liqueurs are likely to be used in baked goods, confectionery, and desserts, resulting in increased consumption of these products. Liqueurs are also likely to be used in chocolate, truffles, and other recipes, contributing to market growth. The increasing popularity of liqueur types among the youth, such as Grand Marnier, Amaretto, Sambuca, Cointreau, Bailey’s Irish Cream, and Kahlua, liqueur prices are also driven by this factor.

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“The liqueur is also becoming popular as an after-dinner digestive, appetizer, and cocktail ingredient due to its unique taste. The liqueur market is also experiencing an increasing demand for different types of liqueurs.” says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The liqueur market is expected to record a CAGR of 3.4% over the forecast period.
According to estimates, the liqueur market in North America will remain strong throughout the forecast period.
In 2023, the United States held a 78% share of the liqueur market, and the demand for liqueurs is expected to remain strong in North America.
With a 50% share of the market in Asia Pacific, the liqueur market in China is anticipated to increase by 3.5% in the next few years.

Competitive Landscape:

Several prominent companies dominate this market, including Bacardi Limited, Beam Suntory Inc., Brown-Forman Corporation, Diageo Plc, Davide Campari-Milano S.p.A., GirolamoLuxardo S.p.A, Lucas Bols B.V., Mast-Jägermeister SE, Pernod Ricard SA, Remy Cointreau, DeKuyper Royal Distillers, E. & J. Gallo Winery, Peel Liqueur, Sazerac Company, Stock Spirits Group.

Key manufacturers employ a variety of strategies to compete in an increasingly competitive environment, including the launch of updated products, and the approval of mergers and acquisitions, partnerships, and collaborations.

Recent Developments:

In June 2019, Shipyard launched Low Tide, launched a pale ale with minimal alcohol content. Based on the name, Low Tide has an alcohol content of only 0.5%. According to the firm, the new launch is an alternative for quality low alcohol.
Introduced in 2021, a new zero-alcohol pale ale from Gordon’s. The Ultra-low Alcohol Gin & Tonic Flavoured Drinks contain 0.5% ABV and only 68 calories, compared to 219 calories in a normal gin and tonic.
As of April 2019, Smirnoff released a new fruit-infused vodka line called Smirnoff Infusions, which includes orange, grapefruit, bitters, raspberries, and rhubarbs.

About Food & Beverage Division at Future Market Insights

The food & beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill clients’ unique business intelligence needs worldwide. With a catalog of more than 500 reports about the latest statistics and analyses from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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Liqueurs Market Segmentation by Category

By Type:

Neutrals/Bitters
Creams
Fruit Flavored
Others

By Packaging:

Glass
PET Bottle
Metal Can
Others

By Distribution Channel:

Convenience Stores
On-premises
Retailers
Supermarkets

By Region:

North America
Latin America
Europe
The Middle East and Africa (MEA)
East Asia

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Mapping the Path to US$ 4,983 Million in the Cattle Handling Systems Market by 2033 with a 6.6% CAGR

The market for cattle handling systems is anticipated to grow at a reasonable CAGR of 6.6% during the forecast period. This market will be worth US$ 2,630 Million in 2023. By 2033, the market for cattle handling systems is expected to be worth US$4,983 Million.

Even the best ranchers have difficulty raising and overseeing their herds of cattle. From a distance, cattle often appear to be quite calm, obedient, and placid. But when handled, the animals frequently exhibit completely different behavior.

Preference for the cattle handling system is increasing among farmers as cattle are challenging to manage since they are frequently fearless but also quite obstinate. The task of transporting the cattle can be made considerably simpler with cattle handling systems.

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In recent years, research on cattle behavior has grown and low-stress cattle handling has risen to the top of the business. As a result, designs for cattle handling systems have significantly improved.

The control of dairy production and animal comfort are two applications that make use of cattle handling systems. The primary driver of the market’s expansion internationally is the increase in milk production and consumption on a global scale.

An additional factor driving the rise in demand for cattle handling systems globally is the expansion of farm size and the number of animals owing to the rising demand for milk products.

The global market is also anticipated to increase as a result of a switch from manual, traditional livestock management to automated cattle handling systems owing to cost-benefit considerations.

Over the projected period, North America is anticipated to keep a significant market share. The potential for cattle handling systems is created across North America as awareness of the mechanization of dairy management increases.

The Asia Pacific region is anticipated to increase significantly throughout the forecast timeline. The market expansion in the Asia-Pacific region is likely to be fueled by the rising adoption among nations with agricultural economies, such as China and India.

Key Takeaways From the Market Study:

The market for cattle handling systems in the United Kingdom is anticipated to grow at a CAGR of 7.1% through 2033.
The US dominated the cattle handling systems market in 2022 holding a 26.4% share of the global market.
With a CAGR of 7.8% over the forecast period, India is predicted to grow rapidly in the market for cattle handling systems by 2033.
The cattle handling systems market in China is expected to grow at a CAGR of 5.3% over the forecast period.
Germany accounted for 15.8% of the global cattle handling systems market in 2022.
Japan held a 4.8% share of the global market for cattle handling systems in 2022.

Other Players Operating in the Market are

2W Equipment
Pearson Livestock Equipment
Wynnstay
LM Bateman
Tuff Livestock Equipment

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These businesses have employed a range of strategies to expand their market share in the global market for cattle handling systems. They have expanded their clientele and income via the employment of both organic and inorganic development strategies, including the introduction of new products, acquisitions, corporate expansions, and partnerships.

RECENT DEVELOPMENT

In May 2021, with grandiose ambitions to expand its 38-acre headquarters and generate dozens of new employment, IAE stated that it is seeking to consolidate all of its personnel in one location.
In August 2017, Pearson Livestock Equipment declared that it will extend its business into Texas and continue to open up chances and add jobs in one Texoma community.

Cattle Handling Systems Market Segmentation

By Type:

Steel
Wood

By Application:

Cattle
Sheep
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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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Low-alcohol Beverages Market: Analyzing Present Trends and Anticipated Industry Growth with Major Key Players’ Data by 2033 | FMI

By 2033, the global low-alcohol beverage market is expected to reach US$ 2.36 billion, up from US$ 1.41 billion in 2023. This market is forecast to grow at a CAGR of 5.3% over the forecast period. Future growth in the low-alcohol beverage industry will be fueled by young people’s desire to adopt healthy drinking habits, as well as the increasing popularity of mindful drinking.

To satisfy consumer needs, manufacturers are introducing updated products that keep the taste and mouthfeel of their products the same without altering their health status. Consumers are increasingly seeking healthier, tastier, and innovative low-alcohol drinks. As a result, these factors have contributed to the growth of the market.

Low-alcohol beverage manufacturers have been investing more in enhancing the taste, variety, and quality of their products, which has contributed to the market’s growth. Over the past few years, manufacturers have introduced a wide range of low-calorie, fruit-flavored low-alcohol beverages that have attracted consumers. In September 2019, Molson Coors introduced Coors Edge, a beer with an ABV of 0.5%.

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“Increasing consumer interest in health and wellness has been a major factor driving the low-alcohol beverages market in recent years. In addition, the negative effects of alcohol consumption, including cardiovascular ailments and high blood pressure, have prompted consumers to opt for low-alcohol beverages, which has, in turn, led to market growth.” says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The low-alcohol beverages market is expected to grow at a CAGR of 5.3% over the forecast period.
According to estimates, the low-alcohol beverages market in Asia Pacific will remain strong throughout the length of the forecast period.
Low-alcohol beverage sales in the United States are expected to grow at a CAGR of 2% by 2023, surpassing the market size of 8.1 billion liters.
A market for low-alcohol beverages is expected to grow at a steady 3.8% rate in China, which holds 50% of the market in the Asia Pacific region

Competitive Landscape:

Several prominent companies dominate this market, including Accolade Wines Australia Ltd., Allagash Brewing Co., Anheuser Busch InBev SA NV, Asahi Group Holdings Ltd, Bacardi Ltd., Beam Suntory Inc., Bells Brewery Inc., Carlsberg Breweries AS, CODYs Drinks International GmbH, Constellation Brands Inc., Curious Elixirs, Diageo Plc, Heineken NV, Kirin Holdings Co. Ltd., Molson Coors Beverage Co., and others.

Companies are developing new product lines to keep up with low-alcohol beverage market trends. New products featuring a dash of innovation are being introduced to stay on top of the low-alcohol beverage market.

Recent Developments:

A new beverage brand, De Soi, was announced in January 2022 by Katy Perry and her business partner Morgan McLachlan. It is currently available for purchase online in 750ml bottles as part of the newly developed beverage line. De Soi is available in the golden hour, purple lune, and champignon dreams.
DrinksDeli, an online portal that deals with low-alcoholic beverages, has launched an online portal for zero-alcohol beverages. The company will offer health drinks, sodas and tonics, cocktail mixers, coffees, syrups, and teas.
It was announced in November 2021 that HEINEKEN would enter the cruise industry as Pure Pira after it was introduced to Mexico and New Zealand as well as numerous European nations, such as the United Kingdom, Ireland, Portugal, and Austria. Following the introduction of the new hard seltzer brand in Mexico and New Zealand, this development follows the launch of the new hard seltzer brand in Mexico and New Zealand.
The Reef Tip cocktail line was introduced by Diageo in September 2021 as a ready-to-drink (RTD) spiced rum cocktail that promotes coral reef regeneration. There are three flavors to choose from: ginger, lime, and soda, pineapple, lime, and soda, and mango, coconut, and soda.
In July 2021, Suntory Holdings launched Jim Beam premix RTDs with cola flavors, and Suntory Spirits responded with a chu-hai RTD with half the sweetness of a standard alcoholic beverage.

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Low-alcohol Beverages Market Segmentation by Category

By Type:

Low-Alcohol Beer
Low-Alcohol Spirits
Low-Alcohol Wine
Low-Alcohol RTD
Low-Alcohol Ciders

By Distribution Channel:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Retail

By Region:

North America
Latin America
Europe
The Middle East and Africa

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Hawaii Tourism Market Aims for US$ 28,485.0 Million at a 5% CAGR by 2033 | FMI

Hawaii Tourism Market

The Hawaii tourism market is anticipated to create robust growth over the forecast period. As per the findings of Future Market Insights, the global Hawaii tourism revenue is predicted to be US$ 17,487.3 Million by the end of 2023. In the long term, tourism is estimated to reach around US$ 28,485.0 Million in 2033.

Hawaii consists of six major islands which are significantly dependent on airlines. Due to this reason, there exists a high degree of competition among the individual island markets. This led to an increasing average fare so far.

According to the historical analysis, it was estimated that Hawaii’s tourism market witnessed 6.8 Million visitors in the year 2021. Most of the outbound visitors traveled via air or cruise making them a popular mode of transportation. Ever since the past years, the industry is experiencing an upward trend. Tourism increased at a prolific CAGR since 2009 compared to the revenue of passengers flown.

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The overseas airline spending and capacity, out-of-state cruise spending and capacity, etc., affect the direct suppliers, thereby affecting the tourism market. With a push of tourist boards, rapid initiatives taken by the government, and variations in industrial tour type the market is expected to grow beyond limits and become one of the integral tourist attractions in the world.

During the flu season, Hawaii’s tourism got severely affected. Hawaii’s cruise industry continued to be impacted during those times. According to the reports, there were no cruise ship activities in 2021.

During the current period, the tourism market witnessed an overall reduction in the number of visitors which further led to big changes. Furthermore, it is estimated that the industry will witness the historical arrival of visitors and spending in nominal terms. As per the analysis, the recovery rate in the later periods i.e., 2023-onwards is expected to accelerate at a much faster pace.

Key Takeaways

Hawaii experiences all types of climates depending on factors such as altitude, surroundings, etc. The lively, tropical weather attracts a huge number of tourists year around. Moreover, when it gets cold during the winter season, this place becomes an increasingly popular attraction.
Attributing to the recent climate crisis is leading to extreme weather events. Due to the fast melting of ice caps and severe heat conditions, Hawaii is constantly witnessing frequent storms and comparatively higher temperatures which is indeed possessing a threat to the tourism industry.

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With the rapid advancements in technology, more and more infrastructural facilities are being developed in Hawaii. The excellent infrastructure plays a key role in the tourism industry as Hawaii provides good quality accommodation, and ease of connectivity to the visitors, thereby making it a popular attraction.
The government has a significant contribution to the prosperity of Hawaii’s tourism market by launching projects and policies to create a feasible wastewater system and developing more bridges to improve connectivity. These factors act as a major driver for tourism.
Over the few years, Hawaii has significantly evolved to become a diverse and fascinating place with prominent cultures across the world. Tourism is the highest contributor to the local economy of this place. Just like the rest of the world, the global lockdowns took a toll on this tourist destination as well, thus affecting the livelihood of a major section of the population.
The industry witnessed severely limited tourism from late march 2020 to mid-October 2020. Despite this, in the current scenario, the industry is growing remarkably and is expecting a greater number of international arrivals by the end of 2030.

Competitive Landscape

Numerous other travel agencies across the globe are utilizing extensive marketing techniques in order to attract tourists. The middle-aged groups often prefer no package travel in order to reduce the expenditure incurred without compromising the quality of travel facilities.

Additionally, the Hawaiian tourism authority also provides relevant information including accommodation, cruise, airlines, and attractions. Thereby, aiding the successful tour and ease in planning. With the increased use of social media platforms among all age groups, these agencies also target tourists through aggressive marketing and campaigns on these platforms.

Hawaii 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)

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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Revolutionizing Poultry Care: Mapping the Future of Chicken Feeders and Drinkers as We Approach 2033

The CAGR for the global market for Chicken feeders and drinkers is predicted to remain steady at 4% from 2023 to 2033. By 2033, the global market is anticipated to have increased from US$ 3,573 million to US$ 5,289 million. Business for poultry feeders and drinkers is anticipated to increase 1.48 times between 2023 and 2033.

Future Market Insights’ historical data shows that between 2016 and 2022, the chicken feeder and drinker market experienced a stagnant CAGR of 3.6%. Between 2022 and 2033, market growth is predicted to be over 53% for the current evaluation period.

The rising desire of farm owners to systematize processes is considered one of the key factors that are predicted to support the demand for chicken feeders and drinkers. To provide better feed management and quality, poultry farmers are choosing feeders and drinkers that are affordable and efficient.

In addition to that, the possibility of making the automation of chicken feeders and drinkers a success is attributed to numerous technical developments in the poultry sector. The market share for chicken feeders and drinkers is anticipated to rise due to the increasing attention being paid to animal welfare.

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The global market for poultry feeders and drinkers is rapidly moving towards automation. Attributing to its capacity to increase productivity and save costs, automated feeders and drinkers are becoming popular. Since this equipment assists in improving feed delivery accuracy, and lower labor costs, sales of chicken feeders and drinkers are skyrocketing.

Furthermore, the system can collect data on feed intake that can be used by farmers to spot possible flock health issues. The surging adoption of automated feeders and drinkers is anticipated to enable the market to reach new heights as they offer feed with greater consistency, enhancing animal health and development efficiency.

Key Takeaways From the Market Study:

The industry opportunities are being pushed more day by day owing to the rising demand for both standard and specialty poultry products. Large poultry farms by key players in the chicken feeders and drinkers market are creating a global demand for automated equipment.
The optimal growth factor for chicken feeders and drinkers is accelerating demand for poultry products owing to their several nutritional benefits. In addition. The market is anticipated to receive additional impetus from the rising demand for organic poultry products.
Prominent chicken feeders and drinker’s companies are rapidly expanding in the residential sector. This significant growth in the residential sector is because people are raising chickens in their backyards, and also urban farming is becoming more popular.
Businesses are creating goods that are specially made for the household market such as feeders and drinkers. These goods range from straightforward designs to complex systems with features like timers and light sensors.
Key companies in the global chicken feeder and drinkers market are offering a wide range of sizes and styles to efficiently accommodate the needs of every backyard chicken keeper. Furthermore, automated feeders and drinkers’ employment can further help in decreasing the chances of cross-contamination, which lowers the possibility of diseases spreading through contaminated feed.
The majority of the chicken feeders and drinkers market is taken by the feeding equipment segment. The surging demand for feeding systems paired with rising customer preferences for hardware solutions has resulted in this accountability. The number of chickens is expected to rise, and key companies are predicted to make technological breakthroughs that result in the launch of novel feeders.

Competitive Landscape

The key players in the global chicken feeders and drinker’s businesses are working on enhancing their current products. In addition to creating cutting-edge technologies and methods for poultry feeding equipment. Besides their good establishment in the market, prominent companies are also fostering beneficial ties with other companies in the poultry industry, particularly those that produce feed.

In order to boost their access to lucrative markets, businesses are working on making various types of agreements. Farmers are now able to regulate the feed and water requirements of their chickens due to the mechanical feeders and drinkers.

Key Players

SKA Poultry Equipment
Kenpoly Manufacturers Limited
INDIV USA
Browser
AZA International SRL
Big Dutchman
Chore Time

More Insights into the Chicken Feeder and Drinkers Market

The North American region is anticipated to dominate the global chicken feeder and drinkers market. In the U.S. backyard poultry industry contributes to the sales of chicken feeders and drinkers, and the majority of the goods are sold in agricultural stores.

Key Segments

By Capacity:

Less Than 1 Kg
1-5 Kg
6-10 Kg
More Than 10 Kg

By Product Type:

Feeding Equipment
Drinking Equipment

By Bird Capacity:

1-5 Birds
6-10 Birds
More Than 10 Birds

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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

Pain Management Devices Market Targets a Noteworthy US$ 5.68 Billion with a 9.0% CAGR by 2032

By the end of 2032, the pain treatment devices market sale are projected to have grown at a robust pace of 9.0% globally, valued at about US$ 5.68 billion. It is anticipated that this expansion will be linked to Ninety percent of hospitalised patients receive their medication and over 51 million inpatient surgical operations are performed annually in the United States alone, according to the NCBI. Thus, the number of surgeries conducted increases in direct proportion to the sales of pain control instruments such as infusion therapy.

Between 2022 and 2032, the market for pain treatment devices is predicted to increase globally at a healthy CAGR of 9%, reaching a valuation of more than US$ 5.68 billion by the end of that year.

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Other factors that contribute to the market’s growth include an increase in demand for pain management devices in developing countries and a rise in the adoption of pain management devices to treat chronic pain.

In addition, during the forecast period, developing economies’ untapped potential presents lucrative pain management devices market opportunities. Pain management device market trends are expected to be shaped by technological advancements such as wearable pain management devices.

Hypersensitivity reactions and postoperative infections caused by the use of these chronic pain relief devices, on the other hand, negatively impact the pain management devices adoption trends.

Furthermore, these pain relief devices are typically used as a second-line treatment in patients with chronic pain who have become resistant to drug therapy, making the outlook for pain management devices market future trends highly uncertain. Taking into consideration all the mentioned factors, the pain management devices market size is predicted to be valued at US$ 3.3 Bn by 2026.

Key Takeaways:

By application, neuropathic pain is expected to lead the market, owing to technological advancements in pain management machines and a surge in demand for pain management devices for the management of neuropathic pain.
The neuromodulation and neurostimulation devices segment is anticipated to come to the fore by-product because of the cost efficiency offered by these pain relief equipment and an increase in the target population.
Whereas, Radiofrequency ablation is expected to grow the fastest during the forecast period by-product due to its widespread use in pain management, surgical oncology, gynaecology & cardiac rhythm management, and cosmetology.
During the forecast period, the Asia Pacific market is expected to grow at the fastest CAGR, and this expansion can be attributed to R&D investments in the development of technologically advanced healthcare treatment options.

North America has been a pioneer in the development of pain management devices and services in the healthcare industry. The United States market is expected to elicit several emerging trends in the pain management devices market in the near future, owing to the increasing incorporation of the best pain relief devices in ambulatory care centres and many major global players are also based in the United States, which has resulted in the country becoming a centre of innovation in the pain management device market. points an FMI analyst.

Competitive Landscape:

Medtronic is a significant global pain management devices market player. Medtronic is expected to maintain its market leadership due to its diverse product portfolio, strong distribution network, and strategic marketing policies. This company, along with Boston Scientific Corporation, currently controls the majority of the global market.

LivaNova, Abbott, Nevro Corp, and SPR Therapeutics are some of the other significant pain management medical device companies.

To strengthen their market position and pain management devices market share, the key companies have undertaken a number of strategic initiatives, including technological innovation, partnership, regional expansion, and mergers and acquisitions.

Some recent developments in the pain management devices market are as follows:

Smiths Medical has released version 4.2 of the CADD-Solis ambulatory infusion pump. This new version of the wireless bi-directional communication pump will aid in the integration of pain management data with the patient’s EMR records.
Boston Scientific has announced the release of WaveWriter Alpha, a Spinal Cord Stimulator (SCS) system designed to address pain management challenges. The SSC portfolio includes conditional devices that provide Fast Acting Sub-Perception Therapy (FAST), which is designed to provide pain relief in minutes.
Hinge Health, a Digital Musculoskeletal Clinic, announced the acquisition of the developer of Enso, a clinically validated non-invasive technology that aids people suffering from musculoskeletal pain. This merger of Hinge Health’s Digital MSK Clinic and Enso’s technology ushers in a new pain management devices era.

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Key Segments:

By Type:

Neurostimulation Devices
Infusion Pumps
Ablation Devices

By Application:

Neuropathic Pain
Musculoskeletal Pain
Cancer Pain
Facial Pain & Migraine
Other Applications

By Mode of Purchase:

Prescription
Over-the-counter

Author By:

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

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

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

About Future Market Insights (FMI)

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

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Charting the Path: Navigating Transformation and Profitable Ventures in the Power Quality Equipment Market

The power quality equipment market is expected to be valued at US$ 38.04 Billion in 2023 and US$ 69.65 Billion by 2033. Sales of power-quality equipment are anticipated to increase at a CAGR of 6.25% during the forecast period.

An increase in demand for continuous power supply to equipment used in process and manufacturing industries is a major element driving the expansion of the manufacturing sector. Any fault or interruption may result in significant losses due to the loss of manufacturing time.

The broad acceptance of power quality equipment in the industrial and manufacturing sectors as a result of the continued expansion of transmission, distribution, and renewable integration are important factors driving the global market for power quality equipment toward expansion.

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Depending on the type of issue, the rating, and the electromechanical performance characteristics of the industrial equipment, the costs of power quality problems and remedies may vary dramatically. To cut downtime costs, remove inefficiencies, and protect expensive equipment from faults caused by power disruptions, it is crucial to use power-quality equipment.

Poor power quality is projected to have a major negative impact on industrial and manufacturing processes during the forecast period. Different industrial processes need varying degrees of power quality, and each has particular requirements for particular power quality elements. For industrial end users, cost-sensitive components of power quality include equipment failure, equipment downtime, product quality, and clean-up expenses.

Due to load balancing’s ability to stop electrical equipment from tripping, the market for technology that improves power quality has enticing growth potential. In addition, the food and beverage industry has grown considerably in recent years.

Key Takeaway From the Power Quality Equipment Market Report:

• Due to the increasing digitalization of the broadcast communications industry, the United States is anticipated to dominate the global market for power quality equipment.
• One of the main end-users of power quality equipment in Europe is the fast-growing industrial and manufacturing sector, followed by the telecom industry and the commercial sector.
• The industrial and manufacturing segment is predicted to have the largest market size between 2023 and 2033.
• With a CAGR of 4.5% from 2023 to 2033, the telecoms sector is predicted to grow at the highest rate in the global market for power quality equipment.
• From 2023 to 2033, Asia Pacific is expected to invest US$ 9.8 Bn in building smart framework foundations.
• From 2023 to 2033, the market for power quality equipment in China is anticipated to expand at a CAGR of 8.5%.
• From 2023 to 2033, it is predicted that Asia Pacific will invest US$ 10.7 Bn in the construction of smart grid systems.
• In 2021, the three-phase segment held the highest revenue share 74%.

What are the Major Players in the Market for Power Quality Equipment Doing?

The industrial sector including mining, manufacturing, agriculture, and construction, has the highest energy consumption per end-use sector. The requirement for a constant and dependable power supply in various industries, particularly industrial facilities, is expected to expand, which would lead to an increase in the need for power quality equipment.

The food and beverage business has been completely saturated in recent years. Due to the growing urban population, rising health concerns, and general government activities, interest in packaged food varieties and handled dairy products has surged.

Toshiba Corporation, General Electric Company, ABB Ltd., Schneider Electric, Emerson Electric Company, Siemens AG, Eaton Corporation Plc., MTE Corporation, Active Power Inc., Smith’s Group plc. are some of the key players proliferating in the market.

Recent Developments in the Power Quality Equipment Industry:

In May 2021, ESB awarded Siemens Energy three contracts to provide its Static Compensator technology (SVC Plus) for the management of grid stability at three substations in South-West Ireland.
In March 2020, the Schaffner company unveiled its Ecosine Max series of passive harmonic filters. These harmonic filters provide compliance with IEEE-519 and other international power quality standards.
To diversify its line of edge computing and distributed IT products, Eaton acquired Tripp Lite in January 2021. Tripp Lite is a provider of connectivity and power quality solutions.

Key Market Segmentation

By Type:
• Surge Arrester
• Surge protection devices
• Harmonic filters
• Power conditioning units
• Power distribution units
• Voltage regulators
• Uninterruptable power supplies
• Synchronous condensers
• Digital static transfer switches,
• Static VAR compensators
• Solid oxide fuel cells
• Isolation transformers
• Power quality meters

By Application:
• Industrial & Manufacturing
• Commercial
• Residential
• Transportation
• Utilities

By Phase:
• Single Phase
• Three Phase

By End User:
• Telecommunications
• Automotive & Industrial
• Electrical & Electronics
• Energy & Utilities
• Others

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

Sales Projections for Syringe Filling Machines: Meeting Market Demands

A syringe filling machine is a specialized piece of equipment used in the pharmaceutical and medical device industries to automate the filling of syringes with liquid medications, vaccines, or other fluids. These machines are designed to precisely fill syringes with accurate dosages while maintaining sterility and ensuring product quality.

The syringe filling machine industry is projected to exhibit steady growth, with a modest Compound Annual Growth Rate (CAGR) of 3.5% anticipated during the forecast period. The market is expected to expand from its valuation of US$ 151.6 million in 2021 to reach US$ 213.8 million by 2032.

The surge in automation within the syringe filling machine industry has led to a notable reduction in manufacturing costs. This cost efficiency has, in turn, driven an upswing in profits, spurring a heightened demand for syringe filling machines. The incorporation of syringe nests has enabled the efficient filling of syringes in large quantities, contributing to the expansion of the overall syringe market. Consequently, the sales volume of syringe filling machines is witnessing a substantial increase during the forecast period.

The escalating adoption of syringe filling machines is attributed to ongoing technological advancements in the pharmaceutical industry. This evolution is not only enhancing operational efficiency but is also aligning with the collective efforts of hospital pharmacies and the broader pharmaceutical sector to deliver products that not only boast effectiveness but also prioritize safety through meticulous packaging practices.

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Operation and Features

Operation: Syringe filling machines automate the process of filling syringes with liquid medications or vaccines. The operation typically involves the following steps:
- Syringe Loading: Empty syringes are loaded into the machine’s feed system, either manually or automatically, using a conveyor or robotic arm.
- Filling: The machine dispenses the liquid medication or vaccine into the syringes using precision dosing pumps or volumetric filling systems. The filling process is controlled to ensure accurate dosage levels and minimize product waste.
- Plunger Insertion: Once filled, the syringes are sealed by inserting plungers or piston rods to create an airtight seal and prevent leakage.
- Capping and Labeling: Some syringe filling machines may include additional stations for capping the syringes with needle shields or caps and applying labels with dosage information, expiration dates, and other product details.
Features and Capabilities: Syringe filling machines may offer various features and capabilities to meet specific production requirements, including:
- Adjustable Filling Parameters: The ability to adjust filling volume, speed, and accuracy to accommodate different syringe sizes and fill volumes.
- Sterile Filling: Syringe filling machines may incorporate sterile filling chambers, laminar flow hoods, or isolator systems to maintain aseptic conditions and prevent contamination.
- Multiple Filling Stations: Some machines feature multiple filling stations to increase throughput and accommodate high-volume production.
- Integration: Compatibility with other equipment such as syringe labeling machines, capping machines, and inspection systems for seamless integration into packaging lines.
- Cleaning and Validation: Syringe filling machines may include automated cleaning and sterilization cycles, as well as validation protocols to ensure compliance with regulatory requirements.

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Recent Trends

In anticipation of expanding its product range, BD has unveiled BD HylokTM, a cutting-edge glass prefillable syringe designed specifically for the administration of dense solutions such as hyaluronic acid dermal fillers. This innovative syringe not only addresses the need for accommodating various sizes in the future but also offers a sophisticated data package. This comprehensive set of information is curated to bolster the developmental, technical, and registration endeavors of product and drug manufacturers, providing them with robust support in navigating the intricacies of their projects.

Key Players

Bosch Packaging Technology
Optima Machinery Corporation
Medefil Inc.
Prosys Innovative Packaging Equipment
Shanghai Packaging Machinery Co. Ltd.
HM Pharmaceutical Engineering & Projects Ltd.
Wincklers & Co. Ltd.
M&O Perry Industries Inc.

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Key segments

By Product type:

Automated
Semi-Automated

By Output Capacity:

4000 Syringes To 10000 Syringes Per Hour
10000 Syringes To 20000 Syringes Per Hour
20000 Syringes To 40000 Syringes Per Hour
40000 Syringes Per Hour And More

By Dose Volume:

0ml To 10 Ml
10ml to 30ml
30ml To 50ml
50ml & Above

By Syringe Material Type:

Glass
Plastic

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Electrolyzer Evolution: North America’s Trailblazing Contribution to Market Surge, 2022 to 2032

During the projection period, it is predicted that the electrolyzer market will maintain a steady CAGR of 32.21%. By 2033, the market is expected to be worth US$ 159.74 billion, up from US$ 9.79 billion in 2023, according to FMI.

The market share of electrolyzers is expected to grow due to the increased development of innovative power solutions technologies and clean hydrogen production techniques. In the upcoming years, market expansion will be accelerated by government programs and rising investments in renewable resources.

On the other hand, rising industrial feedstock and developing hydrogen plants to reduce carbon emissions are estimated to increase the adoption of electrolyzers. The end-user industries, including oil refineries and chemicals, are accelerating huge demand for electrolyzers in recent years. The electricity grid and coal gasification uplift the market share.

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The introduction of modern technologies, R&D activities, the presence of prominent vendors, and the growing production of hydrogen accelerated the market opportunities during the foreseen time. The rising Electric vehicles and other petroleum vehicles are rapidly growing with considerable revenue and are flourishing the market size during the forecast period.

The alkaline electrolyzer segment dominates the global market due to holding a significant share of 59% during the forecast period. The potassium hydroxide, hydroxide ions, and electrodes are the alkaline electrolyte solutions used for nickel catalysts. The rising power plant and energy generators are increasing the adoption of alkaline electrolyzers during the forecast period.

The growing infrastructure and rising consumption of power by end-users are increasing the US electrolyzers market growth during the forecast period.

Key Takeaways from the Electrolyzer Market

North America is leading the global market with rising manufacturing companies and the power industry is accelerating the demand for electrolyzers in recent years.
The global electrolyzer market valuation stands at US$ 159.74 Bn by 2033 with a CAGR of 32.21%.
The market for electrolyzers increased from US$ 7.40 Bn between 2017 and 2021 with an impressive CAGR of 32.21%.
The alkaline electrolyzer segment dominates the global market due to holding a significant share of 59% during the forecast period.
The rising government policies, urbanization, and renewable resources are expanding the Japan electrolyzer market size.

Who is Winning ?

The number of prominent vendors is advancing the global market during the forecast period. These vendors play an essential role in the market by collecting better revenue during the forecast period. These players are focusing on the end-user’s requirements as per their demand in recent years.

These players are making several marketing strategies to acquire a maximum share during the foreseen time. The rising R&D activities and generating power through modern technologies uplift the market during the forecast period. Some of the marketing tactics adopted by these players include collaborations, partnerships, mergers, acquisitions, agreements, and product launches.

Recent Developments in the Electrolyzer Market are:

In Jan 2022, Logan Energy Company deals an agreement with Green Hydrogen Systems to provide electrolysis equipment in England. A container of 40 feet is likely to be utilized to form an electrolytic system in the coming period.

Segmentation by Category in the Market for Electrolyzer

By Type:

Solid Oxide Electrolyzer
PEM Electrolyzer
Alkaline Electrolyzer

By Application:

Power Plant
Photovoltaics
Steel Plant
Electronics
Power to Gas
Energy Storage for Fuel Cells
Industrial Gases
Others

By Capacity:

500 KW
500KW – 2 MW
Above 2 MW

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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 5,000 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