Market Research Blog – Page 3688 – New Product Development

Sizzling Innovation in Liquid Smoke Market’s Culinary Revolution Expected 11.7% Growth by 2033 | FMI

According to Future Market Insights, the global liquid smoke market size is forecast to increase from US$ 93 million in 2023 to US$ 245 million by 2033. Overall liquid smoke sales are forecast to surge at 11.7% CAGR between 2023 and 2033.

Rising demand for processed food products and increasing usage of liquid smoke for preparing a wide range of food products including barbecue sausage, seafood, and hot dogs are driving the industry forward.

In recent years, liquid smoke has gained immense traction across food service industry as a substitute for actual meat smoking. It is being increasingly used as a flavoring in various food products to make them appealing to consumers.

Usage of liquid smoke helps end users preserve food products as well as provide them with unique tastes. Rapid growth of food processing industry and increasing popularity of smoked food items will boost the global liquid smoke industry during the assessment period.

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The usefulness of the smoke solution is enhanced through the use of more complex food-grade processes such as extraction with oil, spray-drying, and plating onto food and food ingredients such as flour, yeast, and salt. Therefore, the growing processed food industry is expected to play a key role in boosting liquid smoke sales.

Similarly, growing awareness about the health and environmental benefits of liquid smoke is expected to boost sales in the market during the forecast period. Liquid smoke is eco-friendly as it does not release toxic pollutants into the environment.

Another factor that is expected to help the liquid smoke industry to thrive rapidly during the next ten years is the growing preference for barbeque sauces across the world.

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Key Takeaways from the Report:

Based on application, meat and seafood segment will continue to dominate the global liquid smoke market during the forecast period.
By distribution channel, online stores segment will grow at a significant pace over the next ten years.
The United Kingdom liquid smoke market size is projected to reach US$ 13.0 million by 2033.
The USA liquid smoke market is expected to expand at a CAGR of 6.9 % during the projection period.
Liquid smoke demand in Japan is poised to surge at 9.4% CAGR between 2023 and 2033.

Who is Winning?

Leading manufacturers of liquid smoke include Azelis Holdings S.A., B&G Foods, Inc., International Flavors & Fragrances, Inc., McCormick & Company, Inc., Kerry Group PLC, Colgin, Inc., MSK Ingredients Limited, PS Seasoning, Baumer Foods, Aminola, Sacchetto SpA, and Others

Liquid Smoke Industry by Category

By Smoke Type:

Hickory
Mesquite
Applewood
Others

By Application:

Bakeries
Beverages
Dairy
Meat and Sea Food
Pet Food
Others

By Distribution Channel:

Supermarkets
Departmental Store
Modern Trade
Food Chain Services
Online Stores
Food and Liquid Store
Others

By Region, Liquid Smoke Market is Segmented as:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Wheat Protein Renaissance: Charting the Path to Sustainable Nutrition Projected 5.3% Growth by 2033 | FMI

The wheat protein market is expected to be worth US$ 3.4 billion in 2023, with total Wheat Protein revenue expected to grow at a 5.3% CAGR from 2023 to 2033, reaching around US$ 5.7 billion.

The wheat protein market was valued at US$ 3.3 billion in 2022 and is estimated to increase at a 4.7% CAGR during the forecast period. Absolute dollar growth in the global market is $2.3 billion. Rising demand for wheat protein from various end-use sectors, combined with rising consumer desire for meat-free diets, is a primary factor driving the global wheat protein market.

Wheat protein market growth is predicted to be driven by increased plant-based diet adoption as well as a rise in the number of people adopting vegan diets in developing economies. Furthermore, a growing senior population, rising income levels, and increased urbanization are projected to drive product demand.

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Wheat protein has outstanding possibilities for a wide range of sectors due to several advantages. Bakery items, flour milling, meat replacer, pasta, aqua-feed, breakfast cereal, milk replacer, and pet food are just a few of the applications. The flour miller, also known as the baker’s adjustment, is the most basic and extensively utilized application of wheat protein. As a result, market expansion is expected to be fueled by such a diverse variety of applications for various end-use industries over the forecast period.

Although whey protein isolates are more filtered and processed than whey protein concentrates to successfully eliminate more lactose, those with even a little lactose allergy should avoid such products. Lactose intolerance occurs when the body is unable to digest lactose, a natural sugar found in dairy products such as milk. Plant-based alternatives such as wheat protein are the best option for customers who wish to increase their protein intake for health or training objectives, which may contribute to market growth.

Key Points

Wheat Protein Market is expected to develop at a 5.3% CAGR from 2023 to 2033.
The Wheat Protein Market was dominated by North America.
By 2033, the Wheat Protein Market is estimated to exceed US$ 5.7 billion.
Wheat gluten dominated the product group from 2023 to 2033, accounting for the highest sales share of 3.2%.
China and India are two of the leading producers.

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Recent Developments

In September 2020, ADM introduced Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat protein, both of which add flesh-like texture to meat and seafood substitute products. They feature a clean taste, a white color basis, and faster water absorption and hydration rates.
MGP Ingredients will debut the ProTerra line of textured proteins in April 2020. ProTerra is ideal for use as an extension or partial substitute for meat in vegetarian/vegan applications, as well as in blended products.
Agrana opened a new wheat starch processing plant in Austria in November 2019. Agrana will be able to increase its wheat starch production capacity thanks to the new plant. Agrana’s enlarged wheat starch mill can process about 650,000 tonnes of wheat per year to create 50,000 tonnes of wheat gluten.
In July 2019, Cargill invested US$ 200 million in the production of wheat-based ingredients at its Krefeld, Germany, manufacturing facility. This investment will enable the company to diversify its wheat protein portfolio and address the growing market demand for protein-rich foods.

Wheat Protein Market Key Segment

By Product:

Wheat Gluten
Wheat Protein Isolate
Hydrolysed Wheat Protein
Textured Wheat Protein

By Form:

Dry
Liquid

By Application:

Animal Feed
Bakery & Confectionary
Nutrition Supplements
Dairy Products
Cosmetics and Personal Care
Other Applications

By Region:

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

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Unlocking Nutritional Potential: The Evolving Dynamics of the Feed Enzymes Market Anticipated 6.4% Growth by 2033 | FMI

The global feed enzymes market size is estimated to grow to US$ 1.2 billion in 2023 and is projected to reach US$ 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period.

In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative

Several developed markets have banned the use of antibiotics for livestock. As a result, feed enzymes have emerged as an alternative. Since they pose few side effects when properly used, they aid in digestion and immune boosting. Hence, a significant segment has started preferring immune-boosting feed enzymes over conventional antibiotics.

Possible Side-Effects of Feed Enzymes, Major Hurdle to Market Growth

The vast array of benefits that can be reaped through feed enzymes is limited by physiological factors impeding enzyme action. Moreover, feeding enzymes to livestock over the prescribed limits could have undesirable consequences. The level of the enzyme to be administered to an animal depends on various factors such as age, size, breed, and such. The same can only be determined by an experienced professional such as a veterinarian. Certain enzymes when consumed improperly can cause blood thinness, diarrhea, and vomiting in animals

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Key Players Keen to Cater to Niche Markets

Since feed enzymes are increasingly being preferred over antibiotics, key players are aiming to boost production efficiency. Different livestock animals have different feed enzyme requirements depending on their characteristics. Hence, key players need to develop unique product variants to cater to the livestock market. The current forecast period is already witnessing the launch of diverse product lines, by top manufacturers such as DSM and ADM.

Key Takeaways from the Report:

In terms of revenue, the Feed enzymes market grew at a CAGR of around 4.8% during 2017 and 2022.
During the forecast period, the Chinese market is projected to grow at a CAGR of 4.3% to attain a valuation of US$ 178.4 million by 2033.
The Indian industry is projected to expand at a CAGR of 4.3% between 2023 and 2033 to attain a valuation of US$ 80.4 million.
The U.S. market is anticipated to grow at a CAGR of 4.5% during the forecast period.
The Carbohydrase segment is expected to grow at a CAGR of 3.8% between 2023 to 2033.

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Key Market Developments:

Danisco Animal Nutrition recently launched the Extra PHY GOLD, a new variant of phytase enzyme.
The second generation of ProAct 360, which is a protease enzyme, was released by the DSM in collaboration with Novozymes Feed Enzymes Alliance.
ADM is all geared up to launch new R&D labs in the United States. These focus on developing sustainable variants of feed enzymes.
CapriEnzymes is an Indian startup that harnesses biotechnology to produce innovative enzyme variants.
BRI is a startup primarily focusing on the research and development of sustainable feed enzyme additives.

Key Players:

BASF SE
DuPont
Associated British Foods Plc
BEHN MEYER
DSM
Azelis S.A.
Rossari
BIO-CAT
BEC Feed Solutions
Adisseo
Bioproton Pty Ltd.
Novus International
BioResource International, Inc.,
Alltech
Lesaffre
Karyotica Biologicals Pvt Ltd.
Aum Enzymes
Biovet
Chr. Hansen Holding A/S
CapriEnzymes
Advanced Enzyme Technologies

Feed Enzymes Market Segmentation

By Form:

Dry
Liquid

By Product:

Phytase
Carbohydrase
Protease

By Source:

Microorganisms
Plants
Animals

By Animal:

Poultry
Ruminants
Swine
Aquatic Animals
Others (Equine & Pets)

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Embark on a Green Revolution Journey Uncover the Secrets of Duckweed and Redefine Sustainable Nutrition | FMI

With a strong 10.8% CAGR, the duckweed market is expected to rise significantly, from $76.0 million in 2023 to $195.4 million by 2033. Despite challenges including price volatility and environmental concerns, the fast expansion of sustainable food is being driven by its nutritional benefits and expanding understanding.

With a compound annual growth rate (CAGR) of 10.8% from 2023 to 2033, the duckweed market is expected to rise significantly, from US$ 76.0 million in 2023 to a valuation of US$ 195.4 million by 2033.

The duckweed market is anticipated to expand quickly because of its nutritional benefits and the increased public awareness of sustainable food sources. There are challenges facing the duckweed sector, such as fluctuating costs and ecological concerns.

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Market Opportunities:

The Duckweed market is having many opportunities as it is a great source of protein, minerals, and vitamins. Duckweed is having many benefits, that’s why it is used to make skin care, hair care, personal care products, as well as medicines and health care.

Many sectors are getting benefits from duckweed, such as pharmaceuticals, environmental treatment, cosmetics, agriculture, bioplastics, research and development, food and beverage, animal feed, and renewable energy.

Key Takeaways:

The duckweed sector experienced a steady growth rate, with a Compound Annual Growth Rate (CAGR) of 10.8% from 2023 to 2033, indicating a positive trajectory for the market over the forecast period.
Projections indicate that the duckweed market is set to expand and reach a value of US $195.4 million by 2033, reflecting the increasing demand and potential opportunities in the industry.
In 2022, the United States emerged as the leading market for duckweed, capturing a significant share of 22.5%, highlighting its dominance and presence in the industry.
Germany showcased notable growth in the duckweed market in 2022, capturing a market share of 7.1%, indicating a rising interest and involvement in the business.
India witnessed significant expansion in the duckweed market in 2022, securing a substantial market share of 6.6 %, reflecting the growing market potential and opportunities in the country.
Japan emerged as a dominant player in the duckweed market in 2022, capturing a notable market share of 3.1%, indicating its involvement and influence in the industry.

Competitors Winning Strategies:
Competitors of the duckweed market are mainly focusing on making new and unique types of products that are obtained from duckweed. They are creating their own brand, which helps the customer to memorize the product easily.

They are also working on the price and cost of their product to overcome the amount of their product to make the product more affordable. They also give some education to customers through advertisements and their packaging, like what are the benefits of the duckweed products and how they can involve in their life.

Greenleaf Innovations, AquaGrowth Solutions, and BioDuck Industries are some of the leading competitors in the duckweed market.

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Key Segments of Duckweed Industry Survey:

By Form:

Powder
Oil
Paste

By End Use:

Household
HoReCa
Food & Beverages
Aquaculture Industry
Pharmaceutical Industry
Others

By Application:

Food
Animal & Aquatic Feed
Dietary/Health Supplements
Biofertilizers
Biofuels
Water Treatment

By Product Type:

Little Duckweed (Lemna Minor)
Thick Duckweed (Lemna Gibbs)
Cross Duckweed (Lemna Priscila)
Great Duckweed (Lemna Polyuria)

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Recent Developments:

Parabel USA Inc.: Announces an innovative item named “Lentein,” a duckweed-based powdered protein that may be utilized in various applications related to food and beverages.
University of Florida: Creates a novel way for producing duckweed in controlled surroundings, which might assist in US$ 21.5 million round of investment deal to boost the sale of its duckweed-based protein supplements.
Pontus Protein: Announces intentions of marketing a water-soluble lentil-derived component in addition to the vertical aquaponics technology in which it is being developed.

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Niacin and Niacinamide Market Fueling Progress with a Steady 5.2% CAGR Momentum Through 2032: Trends and Projections

The niacin and niacinamide market sales was estimated to be worth US$ 1.02 billion in 2021; by 2032, it is projected to reach US$ 2.05 billion. The demand is expected to increase at a robust 5.2% CAGR from 2022 to 2032. The beauty and personal care industries’ growing use of liquid niacinamide and growing awareness of skincare issues are propelling the market’s expansion.

With respect to sales expansion and revenues garnered from worldwide sales of niacin and niacinamide, information about profitable regions for the niacin and niacinamide market’s expansion is contained in the report.

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The chapters following the overview shed light on key dynamics impacting demand for niacin and niacinamide globally, and inundates key imperative points such as the bottom line of enterprises, global economy, and fiscal stimulus. In some chapters of the report, information on pricing analysis along with the cost structure of global niacin and niacinamide market has been delivered.

Market Taxonomy

Propagating ahead the report propounds forecasts on global market for niacin and niacinamide via a segmentation analysis. Diving the global market for niacin and niacinamide into three key segments viz. end-use, form, and region, the report offers associated market numbers based on revenue comparison, year-on-year growth comparison, and the market share comparison.

The global niacin and niacinamide market is characterized geographically into six key segments – Asia-Pacific excluding Japan (APEJ), North America, Middle East & Africa (MEA), Europe, Latin America, and Japan.

Competition Landscape

A scrupulous study regarding the global niacin and niacinamide market’s competition landscape is submitted in the ending chapter of this report, which incorporates information about prominent industries contributing to the market growth significantly.

Occupancy of key market participants has been tracked with an intensity map. With emphasis on profiling the market participants rigorously, the competition landscape chapter offers Insights based on the SWOT analysis, which illuminates strengths, weaknesses, opportunities, & threats related to the specific market participant. Moreover, information on key developments, company overview, key financials, and product overview appertaining to market players is included in this chapter.

Research Methodology

A research methodology, proven and tested, is used by FMI’s analysts for developing the report on the global niacin and niacinamide market. The research methodology adopted has helped the analysts in providing accurate insights pertaining to the niacin and niacinamide market.

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This research methodology depends entirely on the primary & secondary researches, for gaining necessary information associate with the global niacin and niacinamide market. The information compiled is then validated several times by the analysts to ensure the authenticity of the report, and for transmuting it into an authoritative reference for the report readers.

Market Taxonomy

Region:

North America
Latin America
Europe
Japan
APEJ
MEA

Form:

Powder
Granular
Liquid

End Use:

Human Nutrition
Pharmaceuticals
Animal Nutrition
Cosmeceuticals
Others

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.

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Positive Air Pressure Devices Market Set to Soar with a Projected 6.4% CAGR by 2032: Growth Trajectory and Insights

By the end of 2022, the positive air pressure devices market sales is expected to have grown from its US$ 2.3 billion valuation in 2021 to US$ 2.5 billion. Apart from that, the overall demand for positive air pressure devices is anticipated to increase due to their growing use in treating medical conditions like sleep apnea and respiratory failures. This demand is predicted to grow at a compound annual growth rate (CAGR) of 6.4% between 2022 and 2032, reaching a market valuation of US$ 4.7 billion by that year.

Global Positive Air Pressure Devices Market: Dynamics Influencing Growth

Favourable reimbursement coverage, increasing per capita healthcare expenditure, increasing prevalence of sleep disorders, rising awareness regarding the ill effects of untreated sleep apnea, increase in geriatric population, increase in obstructive sleep apnea, and increasing number of lifestyle diseases such as diabetes and obesity are favourable for the growth of the global positive air pressure devices market. However, alternative treatments for sleep apnea, lack of public awareness especially in the developing economies and pricing pressure are responsible restricting the growth of the global positive air pressure devices market.

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Global Positive Air Pressure Devices Market: Segmentation Snapshot

The global market for positive air pressure devices is segmented by product type, by application type, by end user and by region.

By product type, the continuous positive airway pressure devices (CPAP) segment is expected to be the largest, with an estimated market valuation of just under US$ 2.4 Bn by the end of the forecast period in 2027.

By application type, obstructive sleep apnea is the largest segment and is expected to reach a value of around US$ 2.2 Bn by the end of the year of assessment at a stellar growth rate during the forecast period. The respiratory failures segment is the fastest growing segment registering a CAGR of 7.4% and is anticipated to hold high potential in the coming years.

By end user, hospitals have shown higher use of positive air pressure devices and this segment is estimated to be valued at about US$ 1,135 Mn by 2017 end. Home care settings segment is projected to be the fastest growing segment and is poised to reflect a CAGR of 8.8% and is the second largest segment in terms of value during the assessment period.

Among the regions, the positive air pressure devices market in Asia Pacific excluding Japan (APEJ) is poised to grow at the fastest rate to reach a noteworthy CAGR of 10.6% during the forecast period. By the end of 2027, Western Europe is expected to be the largest regional market in terms of valuation followed by North America.

Global Positive Air Pressure Devices Market: Competitive Assessment

The research report on the global air pressure devices market includes profiles of key players involved in the positive air pressure devices market. Company details such as company overview, key personnel, strategies, key financials, SWOT analysis, key developments, product portfolio analysis and geographical spread are mentioned in the report. Major players like ResMed Inc., Koninklijke Philips N.V., APEX MEDICAL CORP., Drive DeVilbiss Healthcare LLC, Medtronic, Inc., Fisher & Paykel Healthcare Limited, BMC Medical Co., Ltd., Khayat Medical, Servona GmbH, Somnetics International, Inc., 3B Medical, Inc., and Human Design Medical are profiled in this study.

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Market Segmentation

The global positive air pressure devices market research report covers all angles by including a robust segmentation of the entire market. This ensures no aspect is left behind and a more real picture of the market can be drawn.

By Product Type:

Continuous Positive Airways Pressure Devices (CPAP)
Bi-level Positive Airway Pressure (BiPAP)/Variable Positive Airway Pressure (VPAP)
Automatic Positive Airway Pressure Devices (APAP)

By End User:

Hospitals
Clinics
Home Care Settings
Others

By Application Type:

Obstructive Sleep Apnea
Respiratory Failures
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East and Africa (MEA)

Author By:

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)

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Nandini Singh Sawlani

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

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Embark on a journey into the crunchy world of bread crumbs where every bite tells a flavorful story of culinary innovation and creativity.

As consumers embrace homemade recipes and convenience, the bread crumbs market experiences a surge. Versatile, Bread Crumbles give a range of meals, from appetisers to main courses, a crispy and flavorful touch. The way they are incorporated into various cuisines inspires creativity. Bread crumbs are going to remain popular in the culinary industry because they add flavour and texture that other ingredients just cannot match.

According to FMI, the size of the world market for bread crumbs is expected to reach US$ 1961 million by the end of 2033, from a projected US$ 987.6 million in 2023. From 2023 to 2033, the market is projected to expand at a CAGR of 7.1%.

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Restaurants and cafes that serve a variety of cuisines now provide a variety of appetisers and starters, such as nuggets, fish balls, fritters, cheese balls, and cheese sticks. Most often, bread crumbs are used to prepare these foods in order to give them a tasty, enticing appearance, texture, and flavour. It has been observed that guests at various hotels and restaurants consume these snacks more frequently. The global market for bread crumbs is anticipated to witness a significant expansion over the next ten years as a result of bread crumbs being utilised in more meals and dishes.

Due to global trends in fast food and an increase in the number of cafés, quick-service restaurants, and other food outlets, the market for bread crumbs or bread premixes is predicted to expand further. Due to the rapid expansion of their processed food sectors, developing economies like China and India have recently outperformed industrialised economies in terms of processed food consumption.

Bread crumbs made from whole grain bread are packed with fibre and minerals. Additionally, it aids in lowering the chance of developing heart disease, stroke, and obesity-related conditions. The demand for whole-grain bread crumbs is expected to increase over the next ten years as a result of the aforementioned considerations.

Key Takeaways from Bread Crumbs Market Study

Based on product type, the seasoned breadcrumbs segment is set to hold around 36.7% of revenue in 2022 and is likely to grow at a CAGR of 7.0% over the forecast period.
By flavor, the flavored segment is expected to dominate the global bread crumbs industry and hold more than 64.1% of share in 2022.
In terms of end-use application, the savory segment is estimated to dominate the global bread crumbs industry by holding more than 64.3% of share in 2022.
By distribution channel, the retail segment is expected to dominate the global bread crumbs industry by holding more than 28.6% of share in 2022.
China is dominating the East Asia bread crumbs industry by holding a significant share of more than 46.8%.

“Increased use of bread crumbs for making fish-based products and escalating demand from the food coatings industry are expected to boost the global bread crumbs market,” says a Future Market Insights analyst.

Competitive Landscape: Bread Crumbs Market

Key manufacturers in the global bread crumbs market are mainly focusing on research & development activities in order to come up with innovative and unique product offerings. In addition to this, key players in the bread crumbs industry are concentrating on mergers, acquisitions, and joint ventures to expand their geographical presence and broaden their existing production capacities.

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Global Bread Crumbs Market Outlook by Category

By Product Type:

Plain Bread crumbs
Panko Bread crumbs
Italian Bread crumbs
Seasoned Bread crumbs
French Bread crumbs

By Flavor:

Regular/Unflavored
Flavored
Lemon
Garlic
Herbs
Parmesan Cheese
Romano Cheese

By End Use Application:

Savory
Soups
Prepared Food & Ready Meals
Meat Poultry & Seafood
Patties
Pasta Toppings
Dumplings
Breaded Vegetables
Casseroles
Stuffed Meat and Vegetables
Dessert
Pet Treats

By Distribution Channel:

Food Service
HoReCa
Quick Service Restaurants
Travel Retail (Airplanes, Cruise Ships, Others)
Retail
Hypermarket/Supermarket
Convenience Stores
Departmental Stores
Wholesale Stores
Mass Grocery Retailers
Independent Retailers
Specialty Stores
Online Retailers
Company Website
Third Party Websites

By Region:

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

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For instance,

Carrington Farms recently introduced a new product named Keto Bread Crumbs in June 2022. The latest non-GMO and plant-based bread crumbs provide consumers with the satisfying crunch of traditional bread crumbs, while appealing to keto, low glycemic dietary prescribers, and gluten-free food consumers. Carrington Farms’ new product is a one-of-a-kind combination of coconut flour and ground lupin bean.

Explore More Valuable Insights on the Bread Crumbs Market

Future Market Insights, in its new report, offers an impartial analysis of the global bread crumbs market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (plain bread crumbs, panko bread crumbs, Italian bread crumbs, seasoned bread crumbs, French bread crumbs), by flavor (regular/unflavored, flavored), by end-use application (savory, dessert, pet treat), by distribution channel (food service, travel retail, retail, online retailers), across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

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

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Insulin Delivery Pens Market on Track to Reach US$ 48.6 Billion by 2032: Analysis and Growth Projections

It is projected that the insulin delivery pens market sales will increase at a compound annual growth rate (CAGR) of 8.0% to reach US$ 48.6 billion by the end of 2032 from US$ 22.4 billion at the end of 2022. In 2021, Future Market Insights conducted a study that revealed that the market share of smart insulin pens was roughly 34.6%.

Global Insulin Delivery Pens Market: Dynamics

Several factors contribute to the growth of the global insulin delivery pens market. One major driver is the move towards value based compensation models for therapies from unit priced payment models that are more commonly used to self-administer treatment for chronic diseases like diabetes. The shift is prominently seen in regions such as U.S. and Europe. This shift, in turn, results in increased demand for technology driven insulin delivery systems with higher levels of accuracy and patient compliance in addition to providing patients with the necessary coaching and education.

The demand for smart insulin pens has also increased globally as healthcare stakeholders seek to gather useful information from clinical trials and the real world environment. Also, diabetes being chronic and a very expensive disease, people look for options to reduce the expenses related to the regular check-ups of diabetes. Smart insulin pens help patients keep a check on their diabetes with all the necessary dosage data pertaining to the disease and its effective management.

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Insulin pens are used as an effective solution for diabetes management. With the current technological advancements, insulin now comes with different variants like reusable pens that can be used by just loading insulin cartridges available in packs. Disposable insulin pens contain a prefilled cartridge and the entire pen is disposed or thrown away providing convenient delivery of insulin. Smart insulin pens are the latest advancement in diabetes management.

These smart insulin pens are either Bluetooth enabled wireless devices allowing automatic data sharing or devices that require data sharing with a dedicated USB data cable. These pens also come with a feature incorporating a clinician configured bolus calculator with the ability to deliver multiple insulin doses every day safely and discreetly. A new research report by Future Market Insights titled ‘Insulin Delivery Pens Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017 to 2027)gives an overview of the global insulin delivery pens market along with a comprehensive market forecast for the period 2017-2027.

Global Insulin Delivery Pens Market: Segmental Highlights

The global insulin delivery pens market is segmented into various segments based on product type, indication, distribution channel and region. The report presents the analysis of every market segment along with the yearly growth rate, revenue share and pricing analysis. Some of the key segmental highlights from the report are as under:

Among the regional markets, North America is expected to emerge the dominating market in terms of revenue, with a market value of almost US$ 2,000 Mn in 2017 and an estimated market value reaching over US$ 5,500 Mn by the end of forecast period in 2027.

In the product type segmentation, the reusable insulin pens segment is anticipated to dominate the market in terms of revenue share. Within the reusable insulin pens segment, refillable insulin pens is projected to stay at a high market valuation throughout the forecast period, reaching an estimated US$ 9,183.0 Mn by 2027 end at a CAGR of 10.2%.
By indication, the market is categorised into Diabetes Type 1 and Diabetes Type 2, among which the Diabetes Type 2 segment leads the market with a market valuation expected to reach over US$ 12,300 Mn by the end of 2027, growing at a CAGR of 10.5% during the forecast period.
In the distribution channel category, the hospital pharmacy segment is expected to remain dominant, with a market value of over US$ 1,900 Mn in 2017. This segment is in close competition with the online sales segment, which is ahead of the hospital pharmacy segment in terms of CAGR, with a growth rate of 11.7% during the forecast period.

Global Insulin Delivery Pens Market: Competitive Landscape

This research report includes a brief profile of some of the major players in the global insulin delivery pens market. These descriptive profiles provide information on the overall development of the companies along with their future strategies. Some of the companies featured in the report are Sanofi S.A., Companion Medical, Inc., Patients Pending Ltd, Diamesco Co., Ltd., DiabNext, Owen Mumford Ltd, and Emperra GmbH E-Health Technologies.

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Key Segments Covered in Insulin Delivery Pens Market Report

By Product:

Reusable Insulin Pens
Disposable Insulin Pens
Smart Insulin Pens

By Technology:

Non-Smart Injectors
Smart Injectors
- Artificial Intelligence (AI) & Machine Learning Integrated
- Near Field Communication(NFR)
- Cloud Computing
- Bluetooth

By Distribution Channel:

Hospital Pharmacies
Drug Stores
Retail Pharmacies
Online Pharmacies

Author By:

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.

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Embark on a journey of taste and innovation – the fermented foods and beverages market is not just a trend; it’s a flavorful revolution shaping the future of food.

By 2032, the fermented foods and beverages market expected to expand by 5.6% to reach US$ 989.2 billion globally. The global upsurge in fermented product consumption is the cause of this. Alternative protein sources are becoming more popular among producers and consumers due to worries about animal welfare and carbon footprint.

Between 2022 and 2032, the global market for fermented foods and beverages is expected to develop at a 5.6% annual pace, reaching a valuation of US$ 989.2 billion by that time. The global market for fermented foods and beverages is growing due in large part to rising production and consumption of these products around the world.

Protein and other nutrients have traditionally come mostly from industrial farm eggs, meat, and dairy. But consumers and food producers alike are looking for alternatives as a result of a rising intolerance for carbon footprint and growing worries about animal suffering.

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As a result, there is a huge increase in demand for fermented foods that contain meat that is functional yet produced without harming animals. Making nutritious, nutrient-rich fermented food products is now a top priority for many food production companies. In contrast to many plant-based alternatives, Clara Foods, a San Francisco-based food technology business, has created a fermentation process to manufacture animal-free egg proteins with the same functionality and flavour as the original product. Clara Foods is driven by a desire to help customers with their dietary requirements.

Another example is the business Perfect Day Foods, which produces animal proteins like casein and whey without using animal cells. The product is manufactured from microflora that can be found online and has a specific genetic blueprint that enables the species to produce milk proteins resembling those found in cow’s milk. Sugar and plant-based inputs can also be used to produce milk proteins that are naturally hormone-, antibiotic-, cholesterol-, and lactose-free while maintaining the flora.

Key Takeaways from Market Study

The fermented foods and beverages market reached US$ 575.6 Bn in 2022 and is likely to expand at CAGR of 5.6% through 2032.
By ingredient type, probiotics segment is likely to contribute most to the global fermented foods and beverages market during the forecast period.
Based on end use, vegetables and meat is expected to be most remunerative segment in the global fermented foods and beverages market.
The U.S. will continue to remain the most lucrative fermented foods and beverages market during the assessment period.
Amid rising production and consumption of fermented products, the Japan market is poised to exhibit steady growth rate during the forthcoming years.
Demand for fermented foods and beverages to grow at a significant pace in China over the forecast period.

“Combining modern technology with different fermentation techniques is enabling biotech companies to generate animal protein products without any direct presence of animals in those products. This is challenging industrial egg, meat, and dairy industries, and will eventually bode well for the fermented foods and beverages industry” says a Future Market Insights analyst.

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Competitive Landscape

Key fermented foods and beverages brands are looking for new strategic partnerships to develop the applications in food and beverage industry, along with dairy and bakery products, while core business brands are focusing on developing nutritional and high quality food solutions to customers with several product innovations.

In July 2021, Nature’s Fynd, a sustainable bio-products company, raised a whooping USD 350 Mn, while its cream cheese and sausage and analog products went up for limited offering online sale. The company creates a protein called Fy by using flavolapis and Fusarium fungus strain in biomass fermentation method, which can be used as a protein ingredient, having diverse application in food and beverage items.

Fermented Foods and Beverages Market by Category

By Ingredient Type:

Prebiotics
Probiotics
Vitamins
Industrial Enzymes
Organic Acid
Amino Acids
Others

By Fermentation Process:

Anaerobic Fermentation
Aerobic Fermentation
Continuous Fermentation
Batch Fermentation
Others

By End Use:

Bakery & Confectionery
Dairy Products
Alcoholic Beverages
Non-alcoholic Beverages
Infant Formula
Dietary Supplements
Vegetables and Meat
Animal Feed Products
Others

By Region:

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

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global fermented foods and beverages market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on ingredient type (prebiotics, probiotics, vitamins, industrial enzymes, organic acids, amino acids, and others), fermentation process (anaerobic fermentation, aerobic fermentation, continuous fermentation, batch fermentation, and others), and end use (bakery & confectionery, dairy products, alcoholic beverages, non-alcoholic beverages, infant formula, dietary supplements, vegetables and meat, animal feed products, and others), across seven major regions of the world.

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

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Single-Use Syringe Market Anticipated 8-9% CAGR by 2031: In Depth Analysis

The escalating prevalence of chronic diseases, augmented healthcare spending, a surge in lifestyle-related disorders, and other pivotal factors are serving as significant drivers for the Single-Use Syringe market. Projections indicate that the market is poised to exhibit a compelling Compound Annual Growth Rate (CAGR) ranging between 8% to 9% during the forecast period from 2021 to 2031.

Examining historical trends, the market demonstrated consistent growth in the analytical period spanning from 2016 to 2020. Notably, 2020 witnessed record-high sales, marking a milestone in the market’s trajectory. With this robust foundation, the Single-Use Syringe market is anticipated to maintain an optimistic growth outlook in the long run. The confluence of factors influencing the market, including the evolving healthcare landscape and increased awareness, positions Single-Use Syringes as a critical component in the global healthcare scenario.

The ubiquity of disease and the commonality of receiving injections underscore the pervasive use of syringes in healthcare. The global demand for syringes is further accentuated by the daily vaccination of thousands of individuals worldwide, necessitating the shipment of syringes in substantial quantities. In response to this need, UNICEF initiated a campaign in 2020 with the ambitious goal of stockpiling one billion single-use syringes by 2021.

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The essential nature of injection equipment, including syringes and safety boxes, is highlighted by their five-year shelf life. Due to their size and the requirement for sea freight, these components involve significant lead times. In contrast, vaccines, being heat-sensitive, are generally transported by air freight. Proactively procuring syringes and safety boxes ahead of time not only saves time but also alleviates market pressure, preventing early demand spikes when vaccines become available. This strategic approach ensures a steady and timely supply of vital medical equipment, contributing to efficient vaccination campaigns and public health initiatives on a global scale.

Market Drivers

Prevalence of Chronic Diseases: The increasing incidence of chronic diseases globally, such as diabetes and autoimmune disorders, is a significant driver for the Single-Use Syringe market. These syringes play a crucial role in the administration of medications for managing chronic conditions.
Rising Healthcare Spending: The growing expenditure on healthcare, both by governments and individuals, is driving the demand for medical devices like Single-Use Syringes. Increased healthcare spending facilitates the adoption of advanced and convenient medical solutions.
Lifestyle-Related Disorders: Lifestyle-related disorders, including obesity and cardiovascular diseases, are on the rise globally. Single-Use Syringes are commonly used for the administration of medications in the treatment of these disorders, contributing to market growth.
Technological Advancements: Ongoing advancements in syringe technology, including the development of safety features and user-friendly designs, are driving the adoption of Single-Use Syringes. These innovations enhance the safety and efficacy of drug administration.
Increased Vaccination Programs: The global focus on vaccination programs, especially in the wake of pandemics and infectious diseases, contributes to the demand for Single-Use Syringes. These syringes are instrumental in the efficient and safe administration of vaccines on a large scale.

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Key Market Players

Baxter International Inc.
Becton
Dickinson and Company
Cardinal Health
Braun Imaxeon Pty
Becton
Feel Tech
Hindustan Syringes & Medical Devices
Covidien
Henke-Sass Wolf
Nipro Medical Corporation
Novo Nordisk A/S
Retractable Technologies, Inc.
Terumo
Vita Needle Company

Key Segments

By Product Type:

Conventional Disposable Syringes
Safety Disposable Syringes

By Syringe Tip:

Luer-Lock Tip
Slip-Tip
Eccentric Tips
Catheter Syringe Tips

By Application:

Immunization Injections
Therapeutic Injections

By Region:

North America
- U.S.
- Canada
Europe
- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- Nordics
East Asia
- China
- Japan
- South Korea
South Asia and Pacific
- India
- ASEAN Countries
- Oceania
Latin America
- Brazil
- Mexico
Middle East and Africa
- GCC Countries
- Turkey
- Northern Africa
- South Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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