Europe duckweed protein market is expected to capture a 20% CAGR from 2023 to 2033. The market is likely to increase from US$ 1.28 million in 2023 to US$ 7.9 million by 2033.
According to Future Market Insights (FMI), sales of duckweed protein will make up 1.1% to 1.8% of the global market for plant-based protein. Over the course of the projection period, sales in the market will continue to be driven by product developments by significant industry players that are in line with customer preferences for healthy meals.
Sales of duckweed protein are anticipated to increase in Europe due to the rising popularity of plant-based cuisine. A growing number of consumers are making the conversion to a plant-based diet, either to cut back on calories or to boost the nutritional value of the food they eat.
Duckweed protein is gaining popularity in the market for plant-based proteins. Compared to other protein sources on the market today, it has higher leucine and amino acids.
Either consumer are adopting a flexitarian or vegan lifestyle. As a result, there is an increase in demand for plant-based protein alternatives, which is predicted to drive up demand for duckweed protein.
The global duckweed protein market will reach US$ 88.4 Million in 2026.
Sales are projected to increase at a 9.1% CAGR from 2022 to 2026.
Europe accounted for 1.5% to 2.0% of the global duckweed protein market share approximately in 2021.
Competition Landscape:
Leading players operating in the Europe duckweed protein market are launching innovative products aligning with the growing demand for plant-based protein alternatives. In addition to this, players are also investing in acquisitions, mergers and collaborations to expand their manufacturing capacity and to improve capabilities by incorporating cutting-edge technologies.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
According to a recent report by FMI, the global postbiotic pet food market is expected to grow at a CAGR of 6%. The market is estimated to surge from a valuation of nearly US$ 856.40 Mn in 2023 to US$ 1,231.58 Mn by the end of 2033.
The postbiotic pet food market is expected to grow significantly in the next ten years. This is due to the increasing awareness of various benefits of postbiotics for pets. Postbiotics are live microorganisms that are beneficial to the health of animals. They help to improve digestion, immunity, and skin health.
In recent years, the pet food industry has seen a shift towards more natural, holistic, and sustainable products. This trend is mainly set to be driven by growing awareness of the health and environmental benefits of plant-based diets, as well as various ethical concerns revolving around animal agriculture.
One of the fastest-growing segments in the pet food industry is postbiotic foods. Postbiotic foods are made with live bacteria that have been fermented to break down carbohydrates and proteins into easily digestible nutrients. This type of food is thought to be closer to what dogs and cats would eat in the wild, and it has been shown to improve gut health and digestion.
Moreover, a postbiotic is a good bacterium that is found in some fermented foods. These good bacteria help to keep the digestive system healthy and improve immune function. Postbiotic pet food is made with these good bacteria, which can help to improve the pet’s health.
The beneficial effects of postbiotics have been well-studied in humans. Some research has shown that they can help to enhance gut health, reduce inflammation, and boost immunity. There is also some evidence that they may help to reduce the risk of obesity and diabetes.
Key Takeaways from the Postbiotic Pet Food Market Report
The postbiotic pet food market exhibited steady growth at a CAGR of 4.9% during the historical period from 2017 to 2022.
The global market for postbiotic pet food is anticipated to surpass US$ 1,231.58 Mn by the end of 2033.
The U.S., China, Canada, Germany, and Mexico are the major countries driving the demand for postbiotic pet food.
The North America postbiotic pet food market is expected to register a 38% CAGR between 2023 and 2033.
The market size for postbiotic pet food is expected to reach US$ 856.40 Mn by the end of 2023.
Some of the key players in the global postbiotic pet food market are Royal Canin, Nestle Purina Pet Care Company, Mars Inc., Chr. Hansen (Denmark), Kinglike DSM N.V., DowDuPont, Evonik Industries, Land O’Lakes. Other players include Lallemand, Bluestar Adisseo Co., Lesaffre, Alltech, Novozymes, Calpis Co. Ltd., Schouw & Co., Unique Biotech, Pure Cultures, Kerry, and Mitsui & Co., Ltd.
North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the region’s postbiotic pet food market is expected to grow at a rapid pace in the next ten years due to the presence of a favorable legal and regulatory environment.
Get Valuable Insights into Postbiotic Pet Food Market
FMI, in its new offering, provides an unbiased analysis of the postbiotic pet food market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for postbiotic pet food market based on product (cattle, swine, aquaculture, pet, equine, others), by form(dry, liquid, capsule, others), by region (North America, Latin America, Europe, Asia Pacific, Oceania, MEA).
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The Pet Food Processing Market is expected to be valued at US$ 6,684.4 million in 2024. In contrast, the 2023 value was marked at US$ 6,348.0 million. The market is expected to progress at a modest rate over the forecast period, with a CAGR of 4.0%. By 2034, the value of the market is forecasted to have inflated to US$ 9,112.7 million.
The need for pet food processing is growing along with rising adoption rates of pets and the subsequent demand for pet food. A growing number of pet owners are becoming knowledgeable about the benefits of specialized pet food and thus the demand is being churned for pet food processing. Further, the variety of pet food desired by pet owners is being fulfilled by pet food processing.
Pet food processing is consistently taking steps forward with the advent of advanced equipment and techniques. A process like rendering is allowing manufacturers to cut down on costs. In addition to meat-based raw materials, manufacturers are also using plant-based materials to appeal to the vegan and vegetarian crowd.
While pet food adoption is rising around the world, some pet owners are still hesitant about pet food. Objections are raised against the unchecked quality of raw materials as well as the use of artificial preservatives. Thus, the market has stumbling blocks in its path.
“The trend among pet owners is to treat the pet as a member of the family. Thus, the focus of pet owners is not just on nutrient-rich essential food. Pet owners are also buying bite-sized treats in the form of kibbles or biscuits for their pets. The manufacturing of pet treats represents a significant opportunity for pet food processing,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
The pet food processing market is anticipated to be US$ 6,684.4 million in value in 2024.
Dry food is the most manufactured form in pet food processing. For 2024, dry pet food is expected to contribute to 65% of the market share.
Pet food processing predominantly produces dog food. Dog food is anticipated to account for 45% of the market share.
Japan is one of the most promising countries in the market. The CAGR for Japan over the forecast period is anticipated to be 6.0%.
China is another Asian country where significant growth is predicted. For the 2024 to 2034 period, the CAGR for China is pegged at 5.0%.
The market is expected to register a CAGR of 5.6% in Germany over the forecast period.
Competition Analysis of the Pet Food Processing Market
Improvement in processing facilities by establishing new plants or making improvements to existing ones is a key concern for many market players. Start-up culture is evident in the market. Many small-scale companies are being taken over by multinational giants, while others are looking for investments.
Following are the prominent companies in the market:
Recent Developments in the Pet Food Processing Market
In December 2023, Nugape Pet Food was the recipient of a certificate from the International Featured Standards (IFS) highlighting the company’s commitment to safety and sustainability.
In November 2023, Bioriginal Food & Science Corp. acquired Softgel Co.
In August 2023, Chinese market player Gambol Pet Group raised funding to the tune of US$ 219.7 million after going public.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The global lubricant additives market is poised for significant growth, with projections indicating a valuation of US$ 13.46 billion by 2023 and an anticipated climb to US$ 21.7 billion by 2033, marking a notable compound annual growth rate (CAGR) of 4.8% throughout the forecast period. This surge is attributed to increasing demand across various industries, including automotive, manufacturing, and aerospace, driven by the necessity for enhanced lubricant performance, improved fuel efficiency, and stringent environmental regulations, highlighting a promising trajectory for the market’s expansion.
Lubricant additive offers environmental benefits and is gaining attention from major players due to increasing environmental concerns. The evolving engine oil specifications, such as GF-6, are driving the demand for innovative lubricant formulations and additives. Automotive manufacturers and lubricant formulators are compelled to develop engine oils that meet these specifications, leading to a healthy growth in the demand for engine oil lubricant additives in the future.
The performance and efficiency of modern engines rely heavily on an effective lubrication system. Lubrication plays a crucial role in cooling the internal engine parts that experience friction and generate heat, preventing overheating. As engine technology evolves, such as with Gasoline Direct Injection and Turbocharge Gasoline Direct Injection in passenger cars, lubricant standards have also advanced.
The implementation of the ILSAC GF-6 standard in North America in 2020 has improved fuel economy, protection for emission systems, and engine oil robustness. This implementation is expected to drive the demand for lower viscosity index improver lubricants, which effectively reduce engine friction and are used in all types of vehicles.
To enhance vehicle efficiency and facilitate the transition to low-carbon vehicles, nations worldwide have introduced initiatives that encompass various automobile sectors including light-duty vehicles, heavy-duty vehicles, buses, motorcycles, and trucks. One notable example is the Global Fuel Economy Initiative launched by the United Nations in 2019 across 70 countries, with the goal of improving vehicle fuel economy and expediting the decarbonization of road transport by 2030. Consequently, there will be an increased demand for efficient lubricants such as bio-based and nanotube-based lubricants that can be utilized in new vehicles to achieve reduced engine friction and improved fuel economy.
Key Takeaways
The market in China is expected to grow with a CAGR of 5.4% during the forecast period.
The demand for lubricant additives in United States is expected to grow with a significant CAGR of 4.9% during the forecast period.
By function type, viscosity index improvers segment is expected to grow with a CAGR of 5.8% during the forecast period.
By end-use industry, automotive and transportation segment is expected to grow at a significant CAGR of 6.2% during the projected period.
“The evolving engine oil specifications and initiatives to facilitate low carbon vehicles is expected to drive market growth,” comments an FMI Analyst
Competitive Landscape
The market for lubricant additives is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.
The key industry players are Afton Chemical Corporation, BASF SE, BRB International, Chevron Chemicals, Evonik, Lubrizol, Infineum International, Croda International PLC, Dover Chemical Corporation.
Some recent developments in lubricant additives market are:
In May 2022, BASF SE expanded its lubricant additives market by launching a new product and doubling its production capacity for Irganox.
In October 2022, BASF Petronas Chemicals Sdn. Bhd., a joint venture between BASF SE and Petronas Chemicals Group Bhd., announced plans to double the annual production capacity of its 2-Ethylhexanoic Acid plant in Malaysia. This expansion will increase the joint venture’s capacity to 60,000 metric tons by the fourth quarter of 2024.
In June 2021, Infineum expanded its single oil category II solutions for MAN B&W two-stroke engines.
In February 2021, Dover Chemical Corporation launched DOVERLUBE 31700, a patented polymeric ester additive designed to enhance lubricity in the metalworking sector.
Future Market Insights offers an unbiased analysis of the global lubricant additives market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the lubricant additives market, the market is segmented on the basis of function type, lubricant type, end-use industry and region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The argon gas market witnessed a total valuation of US$ 220 million in 2022, with projections indicating a robust growth trajectory, reaching US$ 372.2 million by 2032, boasting a Compound Annual Growth Rate (CAGR) of 5.4%. This growth is primarily attributed to increasing demand from key sectors including metal fabrication, electronics, and healthcare. As industries continue to rely on argon gas for various applications such as welding, lighting, and medical procedures, its pivotal role in enabling efficient processes and product quality underscores its significance in driving market expansion over the forecast period.
The global argon gas market has experienced steady growth, driven by increasing demand from sectors such as metal fabrication, electronics, healthcare, and aerospace. Its inert nature and high thermal conductivity make it indispensable in various welding and metalworking processes. Furthermore, the burgeoning healthcare industry’s reliance on Argon for medical imaging and laser surgeries further propels market growth.
Industrial Applications: The manufacturing sector’s continuous expansion, particularly in emerging economies, fuels the demand for Argon in metal fabrication and welding processes. Moreover, the rising adoption of Argon in the electronics industry for semiconductor manufacturing contributes to market growth.
Healthcare Sector: Argon’s use in medical imaging techniques like MRI (Magnetic Resonance Imaging) and its application in laser surgeries underscore its importance in the healthcare sector. With advancements in medical technology, the demand for Argon gas in healthcare applications is expected to escalate.
Growing Aerospace Industry: Argon’s role in aerospace applications, such as shielding gases in aircraft manufacturing and propulsion systems, is another significant driver of market growth. As the aerospace industry expands globally, the demand for Argon gas is anticipated to soar.
Renewable Energy Sector: Argon finds application in solar cell production and as an insulating gas in the manufacturing of energy-efficient windows. With the increasing focus on renewable energy sources, the demand for Argon in this sector is projected to rise steadily.
Future Market Insights has entailed these facets with future prospects in its latest market study entitled ‘Argon Gas market’. It has its team of analysts and consultants to deploy a 360-degree approach in its primary, secondary, and tertiary modes of research.
“The fact that argon’s density renders it one of the ideal elements for several purposes is expected to take the argon gas market by storm in the forecast period”, says an analyst from Future Market Insights.
Europe holds the largest market share with Germany leading from the front. This could be attributed to automobile and aviation sectors expanding at an alarming rate.
North America holds the second-largest market share with the US witnessing incorporation of metal fabrication in construction, automation technology, shipping, and maintenance verticals.
Competitive Analysis
Air Liquide does offer SCOTT, ALPHAGAZ, and ARCAL brand pure argon with reliable and easy-to-use products. Research regarding storage and transportation of argon gas by making returnable compressed gas cylinders along with supply-level monitoring available in the storage vessels.
Air Products & Chemicals, in December 2020, completed acquisition of oxygen and argon facilities for US$ 176.84 Million.
The research study is based on supply mode (cylinders, bulk & micro tanks, drum tanks, and on-site), application (metal production & processing, electronics, lighting, and likewise).
With applications like metal inert gas welding on the rise, the global argon gas market is expected to grow irrevocably in the forecast period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
In 2023, the pressure cushions market is expected to be valued at US$ 57 Billion. With a CAGR of 6.2%, the market is projected to reach US$ 104 Billion by 2033. A growing elderly population, a high incidence of chronic illnesses and impairments, and high healthcare costs have all contributed to the expansion of the pressure cushions industry.
Improvements in technology, including the development of new materials that offer better comfort and support have also helped grow demand for pressure cushions.Due to the increasing need for prevention and treatment of pressure ulcers, demand has increased in these products.
And yet, under the influence of growth drivers such as pricing restrictions, harsh regulatory standards and intense competition in the industry.The cushion manufactures need to address the challenge of creating products that are specific for each particular patient but still safe and effective.
There are multiple attractive options for manufacturers and service providers in the pressure cushions industry.With an increase in the quality of healthcare systems throughout developing countries and a rise in chronic conditions, this market is anticipated to grow further.
There is a rising tendency toward personalized medical and patient-centric treatment, which provides a chance for manufacturers to create individualized pressure cushions.
Several current trends in the pressure cushions market are influencing its development. Smart pressure cushions, which track patient activity and provide immediate feedback to caregivers, are one example of this growing trend. Pressure cushions made from innovative materials like gel and foam are another growing trend in the industry.
Pressure cushions that are made from recyclable, sustainable materials are also becoming popular in the industry, mirroring the current trend toward environmental consciousness. Finally, a new trend is growing in the usage of pressure cushions in sports and fitness activities, as sportsmen and fitness enthusiasts look for goods that might help them avoid injuries and perform better.
What’s driving this pressure cushions surge? Here are some key factors:
Aging population: As the global population ages, the need for pressure relief solutions for seniors with mobility issues rises significantly.
Chronic illness growth: The increasing prevalence of chronic conditions like diabetes and obesity, which can lead to pressure sores, fuels market demand.
Focus on preventive healthcare: Growing awareness of pressure sore prevention and improved patient outcomes drives investment in pressure cushions.
Technological advancements: New materials, designs, and features enhance comfort, functionality, and affordability of pressure cushions.
Rising healthcare costs: Hospitals and caregivers seek cost-effective solutions to prevent and manage pressure sores, creating demand for durable and reliable cushions.
How Key Players Are Responding to the Growing Demand?
The pressure cushions market is highly fragmented with a large number of companies entering the market. To stay competitive, the market’s key players are concentrating on boosting their market presence, diversifying their product offerings, and enhancing their distribution systems. Additionally, they are spending a lot of money on research and development to provide cutting-edge items that might match shifting customer needs.
Businesses are using a variety of methods to obtain a competitive advantage in the market, which includes product launches, partnerships, collaborations, and mergers and acquisitions. However, the players are up against fierce competition from local and regional companies that are selling comparable goods for less money. A significant hurdle for market participants is the high cost of raw materials, manufacturing, and delivery, along with strict restrictions.
Harvest Healthcare, Invacare Homecare, Essential Aids, ROHO Group, APEX Medical, Mobility Aids Australia, Novis Healthcare, One Rehab, AliMed, Linds Rehabilitation Equipment, MTS Medical Supply, The Helping Hand, Sunrise Medical, Alerta Medical
Segmentation Analysis:
By Material:
Standard Foam
Memory Foam
Gel
Inflatable Synthetic Rubber
Others
By Application:
Hospital
Care Facility
Family
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
In 2023, the size of the global beer dispensing machine market is projected to be US$ 888.7 million. By 2033, it is anticipated to reach US$ 2,013.9 million. From 2023 to 2033, it is projected to increase steadily at a CAGR of 8.5%. The top five nations in the beer distributing machine market share range from 55% to 60%.
Demand for beer dispensing equipment is rising, owing to its effectiveness and user-friendliness. This equipment make serving beer simple and quick for servers and bartenders. They lessen the chance of mistakes or spillage while also saving time. Besides this, beer-pouring equipment can assist in shortening lines in crowded pubs, eateries, and other hospitality venues. These can also help to increase customer satisfaction and service effectiveness.
Sales of beer dispensers are also rising as new innovations surface with a modified version to hold a variety of beers and serve them at the proper pressure and temperature. They can improve the flavor and caliber of beer. These might also result in increased client loyalty and repeat business.
Customers can choose from a wide variety of craft and specialty beers thanks to numerous beer dispensing machines that offer a variety of beers on tap. Beer-distributing devices can decrease waste, boost efficiency, and save money for companies serving huge volumes of beer. Beer vending devices can generate extra cash for pubs, restaurants, or event locations. A few devices have capabilities, such as digital advertising or promotions, that can draw customers and boost sales.
By eliminating the need for single-use bottles or cans, beer dispensers can also assist in decreasing waste. It could be particularly crucial for occasions or locations where a lot of waste is produced.
Beer dispensers can be seen everywhere, from bars and restaurants to outdoor gatherings and festivals. They are a desirable option for companies trying to broaden their product offerings or attract new clients due to their versatility.
Beer dispensing machines are further assisting in ensuring that beer is served at the ideal temperature and pressure. They can enhance the flavor and quality of beer. Craft beers might need specific pouring circumstances to create the correct flavor characteristics, and hence, it might be particularly crucial.
What’s fueling this market’s hoppy growth?
Rising beer consumption: As global thirst for suds continues to increase, the need for reliable and efficient dispensing systems grows alongside it.
Technological advancements: From smart features like temperature control and inventory management to self-cleaning capabilities, new technologies are enhancing convenience and efficiency.
Demand for variety: Craft breweries and diverse beer options are driving the need for versatile dispensing systems that handle different types of beers effectively.
Focus on bar and restaurant experience: Businesses are investing in high-quality dispensing systems to elevate customer experience and attract beer enthusiasts.
Evolving home brewing and entertainment trends: The growing popularity of home brewing and entertaining at home is fueling demand for smaller, user-friendly beer dispensing machines.
“Beer distributing equipment is getting increasingly technologically sophisticated, with features such as touch screens, digital displays, and smartphone applications. Businesses can use these tools to measure sales, manage inventory, and analyze customer information.” – Says a lead analyst.
Competitive Landscape
Numerous renowned companies are vying for market share in the fiercely competitive beer dispensing machine industry. Important businesses continually innovate and add cutting-edge features to their products to meet changing demands. They are also concentrating on extending their geographic reach through strategic alliances and collaborations.
For instance,
In December 2020, Lancer Worldwide, a prominent company in advanced drink dispensing, introduced its newest beer dispensing system Brew Fount. The Brew Fount draft system is recognizable and can be tailored to match the aesthetic of different venues.
In October 2020, the BeerMatic Dual Tap DBF-AS65WE was added, according to a statement from Hoshizaki, expanding its selection of refrigeration options. The automated beer dispensing system was created to streamline and accelerate bartender services at diverse places. These consist of stadiums, concession stands, mobile bars, and beer gardens.
Key Companies Profiled
Perlick Corporation
Beverage-Air Corporation
True Manufacturing Co. Inc.
Kegworks
Micro Matic A/S
CELLI Spa
Beerjet GmbH
Felix Storch Inc.
HOSHIZAKI Corp
Cydea, Inc.
Turbo-Air Inc.
Continental Refrigerator
Fagor Professional
Zhongshan Donlim Weili Electrical Appliances Co.
Others
Get More Valuable Insights into the Beer Dispensing Machine Market
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global beer dispensing machine market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the global beer dispensing machine market based on product type (kegerator, portable beer tower, jockey box, flash coolers, beer tower), capacity (single keg, dual keg, multi-keg), end use (food service, restaurants & bars), and country.
Beer Dispensing Machine Market Outlook by Category
By Capacity:
Single Keg
Dual Keg
Multi-keg
By Product Type:
Kegerator
Portable Beer Tower
Jockey Box
Flash Coolers
Beer Tower
By End Use:
Food Service
Restaurants & Bars
By Country:
United States
China
Brazil
Russia
Mexico
Germany
Japan
United Kingdom
Vietnam
Spain
Poland
South Africa
Columbia
France
Canada
Czech Republic
South Korea
Italy
Australia
Rest of the World
About the Consumer Product Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations- the consumer product team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer product industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The facial oil market is anticipated to achieve a remarkable valuation of US$ 1069 million in 2023, with projections indicating a growth at a CAGR of 6% from 2023 to 2033. By 2033, it is expected to reach US$ 1915.61 million.
This product has anti-oxidants and vitamins that are responsible for restoring skins health and glow which generated demand for the facial oil market
With a large number of benefits to skin provided by oil, these has increased demand for oil-based skincare. Facial oil is used for benefits like anti-ageing, hydration, blemish clearing, skin repair and moisturizing.
The facial oil market had a negative impact due to COVID 19 pandemic. Shut down of many companies affected the manufacturing and trading of facial oil. Customers purchasing behavioral changes inclined towards reliable and safe products.
Supply chain had slow down impacting facial oil market and decreased sales. The rise in demand for e-commerce channel has led to alterations in business marketing strategies.
Face moisturizing oil hold the major revenue share of the facial oil market and expected to grow at a steady rate in the coming decade. Whereas, anti-ageing oil is expected to witness rapid growth rate with increased awareness among the geriatric population about the product.
Face cleansing oil has additional benefits like skin hydration and moisturizing which leads to the generation of significant revenue share for the facial oil market.
Among the end-users, female customers generate the highest revenue as compared to male customers due to more preference for skincare in females. Offline distribution channel, is responsible for the highest revenue generation for facial oil market owing sales with the retail and departmental store.
Whereas, the online channel is expected to grow at an exponential rate with increased adoption during the forecast period.
Facial Oil Market: Region-wise Outlook
North America will continue to dominate the facial oil market during the forecast period. With the presence of the majority of key players and increased product adoption, North America holds the largest revenue share of the facial oil market.
Europe is the second-highest revenue-generating region with increased merger and acquisitions of the national and international player in the facial oil market.
Asia-Pacific region is estimated to have the highest CAGR for facial oil market due to presence of large target population. Increase in research and development activities for innovation will boost the market growth.
The rise in cases of skin problems among population propels Asia-Pacific facial oil market growth. There will be an increased presence of manufacturers during the forecast period owing to market growth.
Facial Oil Market: Key Market Participants
Shiseido
Procter & Gamble Co.
Burberry Group Plc.
Unilever
L’Oréal
Biersdorf AG
Avon Products, Inc.
Estée Lauder Companies
The research report on facial oil market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report on facial oil provides analysis and information according to market segments such as geographies, application, and industry.
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The global beauty subscription revenues were estimated at US$ 723.7 Million in 2022 and are anticipated to grow at a CAGR of 26.7% from 2023 to 2033, according to a recently published Future Market Insights report. By the end of 2033, the market is expected to reach a valuation of US$ 10.2 Billion. The U.S. stands as a prominent market for beauty subscription demand and is expected to gross US$ 1.2 Billion by 2033.
The Social media influencers are highly influential in the beauty industry, and their endorsement of beauty subscription services can significantly influence consumer behavior. Many beauty subscription services work with influencers to promote their products and services, which can increase visibility and sales. For example, Orly, a nail care brand, collaborated with influencer Lisa Frank to launch a new collection together. In this collection, Orly introduced its new product, gel nail strips with motifs such as kitten bubbles, and spotty and dotty.
What’s driving this Beauty Subscription boom?
Convenience and discovery: Busy consumers love the ease of trying new products without commitment, while discovering hidden gems they might miss otherwise.
Personalized experiences: Boxes tailored to individual needs and preferences offer a more relevant and enjoyable beauty journey.
Social media influence: Beauty influencers and online communities fuel excitement and discovery around subscription boxes.
Rising disposable income: Growing economies see increased spending on personal care products, including subscriptions.
E-commerce boom: Online platforms make subscribing easier and more accessible than ever before.
Beauty subscription services often offer personalized product recommendations based on the customer’s skin type, hair type, and beauty goals, which are very appealing to millennials looking for products that meet their specific needs. Similarly, technological advancement and growing demand for male grooming products will significantly drive the beauty subscription market.
Competitive Analysis:
Key players in the Beauty Subscription Market are Ipsy, Lookfantastic, Walmart Beauty Box, Sephora, Hero Cosmetics, Boxy Charm, Macy’s, Honest, LiveGlam, Glossybox, Beautyfix by Dermastore, The Beard Club, Curology, Liberty beauty drop, Lip Monthly, Bath blessing, and Beautypie.
In January 2023, THG (The hut group) announced a collaboration with AND Digital to speed up and increase e-commerce solutions for clients. This collaboration will help brands to bring digital transformation, fulfill the digital skill requirement of brands, and use the e-commerce platform to its full extent.
In December 2022, Curology joined hands with Target.com to make its non-prescription products available in Target stores from January. This move is owing to the fact that many direct-to-customer brands are shifting to physical stores, especially through Target, Sephora, and Walmart. A significant number of Curology skincare products will be made available through Target stores.
In October 2022, Vanity Wagon, a clean beauty brand successfully received USD 2 million in funding led by Lotus herbals and Agility venture partner. The aim of raising this money was to enhance its marketing, technology, and sales strategies and to build a sustainable brand.
In July 2022, The Allure store announced a collaboration with Ulta beauty, a beauty retailer. According to this collaboration, the customers of Allure will be provided Ulta beauty collections for a limited period. This collaboration will lead to the sales of both the companies in coming years.
Segmentation of the Global Beauty Subscription Market
By Subscription Type:
Personalized Boxes
Curated Boxes
By Delivery Frequency:
Monthly
Quarterly
Half-Yearly
Annually
By Product Type:
Skincare
Makeup
Mixed Kit
By Region:
North America
Latin America
Europe
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 stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The adult diapers market is predicted to be valued at US$ 18.12 billion in 2023 and to reach US$ 37 billion by 2033. Adult nappy adoption is expected to grow at a 7.4% CAGR during the projection period.
A significant trend is the rising popularity of reusable and washable adult diapers. As consumers become more environmentally conscious, they seek sustainable alternatives to disposable products. Brands that cater to this demand by offering high quality, reusable options are likely to gain a competitive edge.
An emerging opportunity lies in the integration of smart technology into adult diapers. Innovative features like moisture sensors and smart monitoring systems improve user comfort and caregiver assistance, enhancing the overall user experience.
The aging population in many regions presents a substantial opportunity for market growth. As the number of elderly individual’s increases, the demand for high-quality adult diapers is expected to rise significantly. Customization and personalization are becoming crucial factors in the Adult Diapers market. Brands that offer a variety of sizes, styles, and absorbency levels to suit individual needs and preferences can attract a diverse customer base.
E-commerce and digital marketing channels provide avenues for brands to reach a global audience and implement targeted advertising campaigns, creating opportunities for both established players and new entrants.
The adoption of blockchain technology for enhanced supply chain transparency and product traceability. Implementing blockchain can help ensure the authenticity of materials used, improve inventory management, and build trust between manufacturers and consumers, addressing concerns related to product safety and quality.
What’s driving this market growth? Here are some key factors:
Aging population: The global population is aging rapidly, leading to a rise in individuals managing age-related incontinence.
Growing awareness: Open conversations and destigmatization around incontinence are increasing product awareness and acceptance.
Improved product design: Advancements in technology and materials offer more discreet, comfortable, and leak-proof options.
Rising disposable income: Increased purchasing power in developing economies fuels demand for quality adult diapers.
E-commerce accessibility: Online platforms make purchasing discreet and convenient, removing a barrier for many users.
“The adult diapers market is experiencing significant expansion due to rising demand, technological progress, and a strong emphasis on sustainability”, remarks an analyst at FMI.
How Key Players are revolutionizing of Adult Diapers market?
Key players are spearheading a revolution in the Adult Diapers market through innovative solutions and customer-centric approaches. They prioritize user comfort, introducing advanced absorbent materials and discreet designs for improved wearability.
Sustainability is a focus, with eco-friendly and biodegradable options gaining traction. Smart technology integration, like moisture sensors and mobile apps, enhances user experience and caregiver monitoring. Targeted marketing strategies destigmatize incontinence, increasing awareness and adoption. Global e-commerce platforms expand their reach, making products accessible to a wider audience. By challenging traditional norms, key players drive the market’s evolution, empowering individuals with enhanced quality of life and addressing the needs of an aging population.
Product Portfolio:
First Quality offers a diverse product portfolio in hygiene solutions, including adult incontinence products, baby diapers, and feminine care items. Their commitment to quality and innovation ensures comfort and protection for users at every stage of life.
Nippon Paper Industries’ product portfolio encompasses a wide range of paper-based products, including tissues, wipes, and hygiene products. Their offerings prioritize sustainability and eco-friendliness, providing high-quality solutions for daily needs while reducing environmental impact.
Essity’s product portfolio focuses on personal care and hygiene essentials. From their renowned Tena brand offering adult incontinence products to Libresse’s feminine care range, they deliver innovative and sustainable solutions, promoting health, well-being, and sustainability worldwide.
More Insights Available
Future Market Insights offers an unbiased analysis of the adult diapers market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033. To understand opportunities in the adult diapers market, the report is segmented on the basis of Product Type (Reusable Diapers and Disposable Diapers), Style (Pants/Pull-Up Style, Pad Style, Flat Style, Others), Material Type (Cotton, Non-Woven Fabric, Micro Fabric, Fluff Pulp and Others), Size (Small, Medium), Large and Extra-Large and 2XL), Price Range (Economy, Mid-Range and Premium), End User (Male, Female and Unisex), Sales Channel (Wholesalers/ Distributors, Supermarkets/Hypermarkets, Pharmacies & Drug Stores, Specialty Outlets, Independent Small Stores, E-Retailers and Other Sales Channel), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).
Market Segmentation
By Product Type :
Reusable Diapers
Disposable Diapers
By Style :
Pants/Pull-Up Style
Pad Style
Flat Style
Others
By Material Type :
Cotton
Non-Woven Fabric
Micro Fabric
Fluff Pulp
Others
By Size :
Small
Medium
Large
Extra-Large
2XL
By Price Range :
Economy
Mid-Range
Premium
By End-User :
Male
Female
Unisex
By Sales Channel :
Wholesalers/ Distributors
Supermarkets/Hypermarkets
Pharmacies & Drug Stores
Specialty Outlets
Independent Small Stores
E-Retailers
Other Sales Channels
By Region :
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
