Market Research Blog – Page 3744 – New Product Development

The Organic Acid Market Geared for Growth, Targeting US$ 18.8 Billion by 2032

The organic acid market is expected to reach a valuation of US$ 11.3 Bn in 2022. Sales of organic acids are anticipated to increase at a CAGR of 5.3%, reaching a valuation of US$ 18.8 Bn by 2032.

Organic acid is used in the food and beverage sector as a preservative to prolong the shelf life of food without altering its taste or flavour. It is also used in beverages due to its anti-oxidizing and anti-bacterial properties.

These acids have multiple applications in animal feed industry to inhibit bacterial growth and provide hosts with nutritional content. They are used in cosmetics to get rid of dead cells and nourish skin. Owing to these factors, demand for organic acids is expected to rise in the forthcoming years.

Consumers are adopting a healthy lifestyle and are conscious about the intake of any products that contain chemical ingredients which be harsh on their skin or cause any side effects because of daily consumption.

Consumer preference for brands that are offering organic products without harmful chemical additives is expected to influence the demand for organic acids. To fulfil rising consumer demand for natural products, manufacturers are developing technologies and clean label products that do not cause any harm to environment and human health.

Asia Pacific is expected to witness surge in demand for organic acids due to less stringent policies. North America is expected to be the hub for manufacturing and export of different organic acids due to easy availability of infrastructure and technical know-how.

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“Growing preference for clean label products across the food & beverage sector, coupled with increasing incorporation of organic acids in animal feed will steer growth in the market over the forecast period,” Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways:

The organic acid market is expected to grow at CAGR of 5.2% and 4.2% in North America and the Latin America, respectively, through 2032.
Asia Pacific is expected to account for 30% of the total organic acid market share share.
The Europe organic acid market is expected to reach a valuation of US$ 4.5 Bn over the forecast period.
Total sales in the U.S. organic acids market will reach a valuation of US$ 2.1 Bn in 2022.
The India organic acid market valuation will total US$ 1.07 Bn in 2022.
By application, sales in the poultry and farming segment are projected to account for 30% of the total market share.
Based on product type, demand for citric acid will continue gaining traction.

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Competitive Landscape

Key organic acid manufacturers are focusing on research & development to offer various products with no chemical additives. Key players are collaborating and developing new products to penetrate untapped markets. For instance:

Eastman Chemical Company announced the acquisition of 3F Feed & Food, a European pioneer in the commercial and technical producer of livestock feed and human food additives. 3F’s operations and assets, which are based in Spain, will improve and support Eastman’s animal nutrition industry’s sustained future demand and will be integrated into the company’s Additives & Functional Products division.

Organic Acid Market By Category
By Product Type:

Acetic Acid
Formic Acid
Propionic Acid
Ascorbic Acid
Lactic Acid
Citric Acid
Gluconic Acid
Fumaric Acid
Malic Acid
Other Acids

By End-Use Application:

Poultry and Farming
Pharmaceuticals
Industrial
Food & Beverages

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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.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Almond Butter Market Poised to Exceed US$ 1,245 million by 2033

The market for almond butter is anticipated to achieve a valuation of US$ 669.0 million by the end of 2023. Expanding at a CAGR of 6.0% from 2023 to 2033, the market is estimated to reach a valuation of US$ 1,245 million by 2033.

Almond butter has gained popularity as a spread, snack, and sauce thickening owing to the world’s population growth and the resulting constant need for clean-label and plant-based products. As a result, the adoption of a healthy lifestyle globally is propelling the growth of the market.

The market for almond butter has benefited greatly from innovation in the food and beverage sector, particularly in the plant-based food sector. These improvements in product look, as well as improvements in nutritional content and shelf life created several business opportunities.

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The high price of almonds and the availability of high-fat substitutes are two main factors that are anticipated to impede the expansion of the global almond butter market.

The fluctuation in almond prices around the world is also likely to hamper the market size. Another issue that the global market is confronted with that needs to be resolved in the future is the rise in consumer sensitivity or allergy to almonds.

A continuing focus for almond butter producers is the launch of new products. In addition to raw, roasted, flavored (like almond butter with chia seeds and strawberry), flavored almond butter, and organic almond butter, companies are now bringing these products to market. This trend of innovation is anticipated to open up a wide array of market opportunities, in turn fostering overall market growth.

Key Takeaways:

The United Kingdom almond butter market is projected to move forward with a CAGR of 5.8% from 2023 to 2033.
The almond butter industry in India is likely to advance at a rate of 9.7% during the forecast period.
The United States of America almond butter industry recorded a value share of 20% in 2022 on a global level.
During the projected period, China’s almond butter industry is anticipated to expand at a rate of 8%.
By nature, organic almond butter was predicted to dominate the market, holding a 19.6% value share in 2022.
Spreads segment, by form held sway over the market for almond butter holding 32.8% in 2022.

What is the Competition Landscape in the Almond Butter Market?

The leading players in the global almond butter market concentrate on effective methods to beat the competition and keep or increase their market share globally. The market for almond butter is highly competitive since it has a wide range of international, regional, and local companies.

Almond butter production has spiked as a result of a market trend toward plant-based substitutes brought on by rising consumer awareness, providing a legion of opportunities to the manufacturers.

Established food manufacturers, as well as small and medium-sized specialty brands, compete for market share by offering a wide range of almond butter products. They differentiate themselves through various factors such as taste, texture, ingredient quality, organic certifications, and innovative flavor combinations.

Packaging and marketing strategies play a crucial role in capturing consumer attention and loyalty. To gain a competitive edge, companies are investing in research and development to create unique formulations, including flavored almond butter, crunchy variants, and blends with other nuts or super-food ingredients.

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Almond Butter Market by Category

By Nature:

Organic
Conventional

By Form:

Spreads
Liquid
Blocks

By End Use:

Food and Beverage Industry
HoReCa
Household Retail

By Sales Channel:

B2B
B2C
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Specialty Stores
- Online Retail
- Other Retail Formats

By Region:

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

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Vegan Caviar Market Expected to Make Waves, Touching US$ 484.1 million by 2033

The global vegan caviar market size is anticipated to surpass a valuation of US$ 245.00 million in 2023. It is likely to attain a valuation of US$ 484.1 million by 2033. The market is expected to prosper at a CAGR of 7% from 2023 to 2033.

Vegan caviar’s flavor and quality have dramatically increased in recent years. Innovative techniques have been developed by manufacturers to mimic the flavor, texture, and appearance of traditional caviar using plant-based components. Vegan caviar is enticing and pleasing to consumers due to its improved quality and similarity to regular caviar, which increases demand. For those looking for nutrient-rich alternatives, vegan caviar offers health advantages.

Seaweed, tapioca, or vegetable oils, which can offer vital elements including vitamins, minerals, and omega-3 fatty acids, are frequently used to make plant-based caviar replacements. This appeals to people who are interested in incorporating wholesome substitutes into their diet.

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People with allergies to fish or shellfish may experience allergic reactions while eating traditional caviar. Because vegan caviar is free of these allergens, it is a good alternative for anyone with dietary limitations or allergies. The accessibility of allergen-free substitutes expands the market and boosts demand for vegan caviar. The spawn of sturgeons, an endangered species that is frequently overfished and has detrimental ecological effects, is used in traditional caviar manufacturing.

Consumers are worried about the decline of sturgeon populations and the effects of conventional caviar harvesting on the environment. Vegan caviar, produced from plant-based materials, provides a sustainable and environment-friendly alternative by doing away with the harmful consequences that traditional caviar manufacturing has on the environment.

Vegan caviar is a specialty food item with a dedicated consumer base. Companies may concentrate on better serving this particular market by adopting strategic distribution. To encourage client loyalty and advocacy, they might establish a distinctive brand identity, develop specialized marketing plans, and establish a community around their product.

The growth of e-commerce proliferates market growth. Consumers now buy food goods in an alternative fashion due to the growth of e-commerce and online marketplaces. Instead of depending on conventional retail intermediaries, vegan caviar producers may use these channels to offer their products directly to customers. E-commerce enables businesses to reach a wide market and increase their consumer base by offering convenience, accessibility, and a worldwide presence.

Key Takeaways from the Vegan Caviar Market:

The global vegan caviar industry size progressed at a CAGR of 2.5% from 2018 to 2022.
In 2018, the global market size stood at US$ 214.0 million.
The market size valued at US$ 236.00 million in 2022.
In 2022, the preserved form segment secured 23% of the share in the global market.
In 2022, the direct distribution channel segment captured 57% of the share in the global market.
In 2022, the United States recorded a 26.0% share of the global market.
In 2022, India captured a 9.0% share of the global market.
In 2022, China witnessed a 10.0% share of the global market.

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Vegan Caviar Market Segmentation

By Form:

Preserved
Frozen
Dried
Fresh
Cooked
Others

By End-use:

Household
Restaurant
Others

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Specialty Stores
- Independent Retailers
- Online Retailers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania

The Middle East & Africa (MEA

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Sugar Alcohol Market on Track to Surpass US$ 4.59 Billion by 2033

The sugar alcohol market is expected to generate US$ 3.31 billion in sales in 2023, according to Future Market Insights (FMI) recently released research report. By 2033, the market may potentially exceed a worth of US$ 4.59 billion. Market participants could estimate a CAGR of 4.2% over the forecast period.

Consumer demand for low-calorie, sugar-free, and diabetic food items is rising owing to increasing rates of lifestyle disorders, including obesity and diabetes, all across the world. Diabetes is becoming increasingly common in many nations, which has caused people to be more aware of their nutrition and health.

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The food and beverage end-user industry, where the bakery and confectionery maintain the lion’s share of the market, consumes the bulk of the polyol produced. Customers choose sugar-free food items due to the fast-paced lifestyle, which is likely to fuel the market expansion.

More people are buying sugar-free and low-calorie food items, which are predicted to increase the usage of sugar alcohol in various food items. Sugar alcohol is also widely utilized in the preparation of different food products, including bakery products, confectionery, beverages, and sweet spreads, since it has a lower calorie content than actual cane sugar.

The top businesses are producing fresh products with little or no sugar by employing sugar alcohol to give other goods the same texture and flavor, which is accelerating market expansion. Consumer desire for healthier substitutes for unhealthy elements in junk food, such as ice cream with protein, fewer calories, decadent flavors, and sugar alcohols, is on the rise. This demand is fueling the market expansion.

Sugar alcohols play a significant part in the entire formulation of pharmaceutical preparations as both an excipient and an active ingredient. Active pharmaceutical ingredients (API) for addressing constipation have traditionally included polyols. Polyols are often used as excipients in contemporary formulations, including consumer-friendly lozenges and chewable tablets.

The sugar alcohol market is dominated by Europe. The pharmaceutical industry share is higher in European nations. Given this, sugar alcohols are used to create tablets, syrups, and soft gels. For use in low-calorie confections and baked goods, sugar alcohols are highly sought-after in this region.

KEY TAKEAWAYS

The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 6.4% through 2033.
The United States is expected to develop at 4.4% CAGR during the forecast period.
With a CAGR of 5.4% over the forecast period, Spain is predicted to develop rapidly in the market.
The market in China is expected to proliferate, registering a CAGR of 4.7% over the forecast period.
Germany is estimated to grow decently, registering a CAGR of 7.0% until 2033.

COMPETITIVE LANDSCAPE

Top players operating in the sugar alcohol market are Tate & Lyle Plc., Archer Daniels Midland Company, DuPont, Cargill, Inc., BENEO GmbH, Roquette Freres, Ingredion Incorporated, Beckmann Kenko GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Fraken Biochem Co. Ltd., A&Z Food Additives Co. Ltd., SPI Pharma, Lonza Group, Atlantic Chemicals Trading GmbH, and others.

These market players are actively involved in developing innovative products and expanding their production capabilities to cater to the increasing demand for low-calorie and natural sweeteners. They are investing heavily in research and development to create new sugar alcohol formulations that mimic the taste and texture of traditional sugars while providing a healthier alternative to consumers.

RECENT DEVELOPMENTS

In November 2022, ERYTESSETM Erythritol was introduced by Tate & Lyle PLC as a novel sweetener. This expansion broadens its capacity to assist clients in meeting consumer demand for healthier, sugar- and calorie-reduced goods owing to a distribution partnership deal with a top supplier of erythritol.
In April 2020, ERYSTA® Erythritol, a new polyol sweetener, was introduced by Ingredion EMEA. Manufacturers can accomplish nutrition-related claims, including “no added sugar” or “calorie-reduced,” by reducing or replacing sugar with sweetener in a variety of applications.

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Sugar Alcohol Market Key Segments

By Product Type:

Sorbitol
Xylitol
Maltitol
Lactitol
Erythritol
Isomalt
Mannitol
Others

By End-use Industry:

Food & Beverages
Pharmaceuticals
Others

By Application:

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

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Surging Demand Propels the Almond Ingredients Market Towards US$ 22.1 Billion by 2033

The market for almond ingredients was projected to reach close to US$ 9 billion in 2022. The demand for almond ingredients is rising as more people adopt healthy lifestyles and search for organic suppliers. By 2033, it’s expected to have generated US$ 22.1 billion, with a CAGR of 9.3% from 2023 to 2033.

Almond ingredients are in high demand across the world due to their vast range of applications. Almonds have been widely used in cereals, baked goods, and snacks in recent times. Almond ingredients are becoming more and more well-liked among customers due to their numerous health advantages. Almond satisfies the various criteria for tastes and flavors admirably, which motivates producers to include almond components in their goods. Commercial almond components can be found in spreads, yogurt, gluten-free baked goods, and drinks.

Consumers who are lactose intolerant are becoming more and more accustomed to using almond products as dairy substitutes. Almond intake is known to lower cholesterol levels, boost vitamin E levels, and control blood sugar levels, that drives up demand for goods made with almond ingredients worldwide. In affluent nations, the increased popularity of plant-based proteins is raising the demand for almond components. Almond components are becoming more and more useful in the personal care as well as cosmetics sector.

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Key Takeaways from the Market Study

The overall market size for almond ingredients worldwide increased to US$ 9000 million in 2022.
The market for almond ingredients expanded at a CAGR of 11.2% from 2018 to 1022.
From 2023 to 2033, the bars segment is anticipated to expand at a CAGR of 8.2%.
In 2022, the snacks market share was greater than 50%.
The market for almond ingredients in China is anticipated to expand at a strong CAGR of 11.2% between 2023 and 2033.
In 2022, a 7.2% market share for the German market was predicted.

“Almond components provide customers a high level of nutritional value. Almonds are adaptable and healthful components that are incorporated into all sorts of culinary applications due to their high mineral and vitamin content. The consumer’s adoption of a healthy lifestyle and search for sources of wholesome food is further boosting the market for almond ingredients worldwide.” Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape

The majority of the major competitors in the worldwide industry are concentrating more and more on acquisitions and mergers in order to broaden their product lines. Some of the other firms plan to invest in novel product development and production capacity expansion to meet the growing global demand for almond ingredients.

Prominent players in the almond ingredients market are ADM, Olam International Limited, Barry Callebaut, Blue Diamond Growers, John B. Sanfilippo & Son, Kanegrade, Borges Agricultural & Industrial Nuts, Savencia SA, The Wonderful Company, Harris Woolf California Almonds, Treehouse California Almonds, Döhler GmbH, Royal Nut Company, Repute Foods Pvt. Ltd, Deep Nuts N Flavors LLP, Shivam Cashew Industry, Modern Ingredients, ConnOils LLC, Valley Harvest Nut Company, and ETChem.

Some key developments of the leading companies in this market are:

The world’s largest producer of premium cocoa and chocolate products, Barry Callebaut Group, and Maersk have formed a long-term agreement to construct and run a new Built-To-Suit cocoa bean warehouse and dispatching plant in Malaysia. In 2023, a groundbreaking ceremony for this special facility took place in Pasir Gudang, Malaysia.
The construction of the processing factory by the Blue Diamond growers is scheduled to begin in California in 2021. The development of several product lines and the international marketing of the new almond products are both made possible by this ground-breaking expansion. Blue Diamond is dedicated to provide the healthiest almond products and support internationally with this market progress.

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More Valuable Insights Available

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

To understand opportunities in the almond ingredients market, the market is segmented on the basis of type (whole almonds, almond pieces, almond flour, almond paste, and almond milk), application (snacks, bars, bakery, confectionery, milk substitutes & ice creams, nut & seed butters, RTE cereals), and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

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The Food Grade Gases Market Set to Skyrocket to US$ 14.2 billion by 2034 | FMI Study

The food grade gas market is estimated to be valued at US$ 7.8 billion in 2024 and is projected to capture a CAGR of 7.0% during the forecast period. The global food grade gas industry analysis reports further predict the overall valuation to reach US$ 14.2 billion by 2034.

The newly released data from Future Market Insights shows the exponential growth of the food grade gases market over the projection period. Within the food & beverage industry, gases are also utilized across the entire value chain, from production and packaging to storage and transportation.

The growth of the market is attributed to the surging human population that has led to a desire for increased food production across several industries like vegetable & Fruits, animal, aquaculture, and food processing.

This has resulted in the implementation of more technology associated with food production. The use of gases in the many stages of food treatment, processing, preservation, and ripening is an illustration of this technique. One of the prominent factors escalating the market growth is due to a significant increase in the food & beverage sector.

Consumers who are health conscious are demanding more premium-quality meat and seafood items, which is raising the demand for food-grade gases. In addition to that, market growth is bolstered by the increased usage of modified air packaging solutions (MAP).

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Key Takeaways

The production of beverages necessitates the use of food-grade gases as it protects wine from microorganisms and oxidation. These gases are crucial for the manufacture of wine. It is added as a dissolvent, as an antioxidant to inhibit polyphenol oxidases (laccase and tyrosinase), and to stop the growth of microbes that aren’t wanted.

In addition to its major use in wine science, SO2 is also found in meats, dried fruits, candied fruits, fermented beverages, beer, and jellies. Food products that are natural, healthful, convenient, and sustainable are becoming more and more in demand from consumers.

Prominent food and beverage producers have been compelled to create new, cutting-edge goods as a result. These factors are expected to bolster growth in the food grade gases market.

The attractive marketing methods used by food and beverage producers incorporate new products including a variety of line extensions, new packaging, and the latest formulas. The requirement for packaging and storage of new products grows as they are introduced more frequently. Manufacturers will have a sizable window of opportunity with the usage of food-grade gases.

Food-grade gases are widely utilized to extend the shelf life of cheeses and pasta without the use of synthetic chemicals and to maintain the freshness of packed food, particularly organic fruits, vegetables, and meat products. The rising demand for packed and convenience food in all is driving the food grade gases market.

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Competitive Landscape

In order to guarantee system compatibility and secure transit, manufacturers are ensuring food-grade gases are controlled and they are easily accessible at the specific point of application. Attributing to this reason, a variety of storage containers are being utilized including glass bottles, cryogenic cylinders, gas cylinders, and bulk containers.

Safe and effective handling of the stored gases is crucial for all storage containers as for manufacturers of food-grade gases, preventing environmental and safety issues from these gases is a significant task.

Recent Developments in the Global Food Grade Gas Market

In July 2020, Linde and CNOOC Energy Technology & Services inked a MoU to advance the hydrogen energy sector in China collaboratively. The two businesses have plans to investigate the possibility of making investments in producing and filling hydrogen as well as increasing the food grade gas sector.
In November 2020, Strandmøllen A/S established Denmark’s first biogas-based CO2 plant near Korskro. A specifically constructed unit was created to capture and recycle all of the CO2 to make it suitable for food processing and packaging industries.

Food Grade Gases Market by Category

By Product type:

Carbon Di Oxide
Nitrogen
Oxygen
Sulfur dioxide
Others

By Application:

Freezing & Chilling
Packaging
Carbonation
Others

By End-Use:

Dairy & Frozen Products
Fish & Sea Food
Meat
Beverages
Fruit & Vegetables
Bakery & Confectionery
Others

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Anticipated Expansion in the Animal Antimicrobials and Antibiotics Market Envisioned at US$ 427.2 Billion by 2033

In 2023, the animal antimicrobials and antibiotics market is to accumulate a market value of US$ 4,911.9 million. By 2033, this number is expected to expand to US$ 7,878.2 million, with a Compound Annual Growth Rate (CAGR) of 4.9%.

The demand for animal antimicrobials and antibiotics is on the rise during the forecast period due to the widespread use of several types of milk and meat products, especially in the Western diet.

Zoonotic illnesses and demand for animal-derived food products are also factors contributing to the rising demand for the products. Due to rising demand for pet insurance and rising expenditures for veterinary care, this market share for animal antimicrobials and antibiotics is expected to grow.

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Animal antimicrobials and antibiotics market participants can expect tremendously rapid development thanks to the potential held by the untapped markets in China, India, and Brazil during the forecast period. The overall population of animals can also be seen to be on the rise, which is another great contributing factor.

Key Takeaways:

The United States holds a notable market share of 17.8% in the animal antimicrobials and antibiotics market in 2022, showcasing its significant role in the industry as a major consumer and contributor to the veterinary pharmaceutical sector.
Germany, with a market share of 6.6%, demonstrates its participation in the animal antimicrobials and antibiotics market, emphasizing the country’s commitment to animal health and welfare through the use of appropriate pharmaceutical interventions.
Japan’s market share in the animal antimicrobials and antibiotics market stands at 5.4% in 2022, reflecting the country’s focus on ensuring its livestock population’s well-being and disease management through the responsible use of antimicrobial products.
Australia contributes to the animal antimicrobials and antibiotics market with a market share of 1.0% in 2022, emphasizing the country’s attention to animal health and its efforts to mitigate the impact of infectious diseases through the judicious use of antimicrobials.
China exhibits a compound annual growth rate (CAGR) of 5.2% in the animal antimicrobials and antibiotics market, reflecting the country’s evolving livestock industry and the increasing demand for antimicrobial products to address animal health challenges and ensure food safety.
India experiences a robust CAGR of 9.6% in the animal antimicrobials and antibiotics market, highlighting the country’s expanding livestock sector and the growing need for effective disease management and growth promotion in the animal farming industry.
The United Kingdom showcases a CAGR of 5.9% in the animal antimicrobials and antibiotics market, indicating the country’s continuous efforts to promote responsible antimicrobial use, reduce the risk of antimicrobial resistance, and safeguard animal health and welfare in its agricultural practices.

Competitive Landscape

Trianni Inc. (US) and Zoetis (US) have decided to work together on developing transgenic monoclonal antibody platforms for the discovery of innovative veterinary medications. This collaboration began in July 2020. The FDA approved Zoetis’ purchase of Marboquin (US).
Elanco (US) and AgBiome worked together to provide nutritional health solutions for pigs in 2019.
By balancing its food animal and companion animal divisions, Elanco Animal Health (US) announced in 2019 that it purchases Bayer’s Animal Health Business, boosting its own companion animal business and portfolio mix.
In 2019, Sanofi (France) purchased the Animal Health division of Boehringer Ingelheim (Germany) (Merial), and Boehringer Ingelheim (Germany) (CHC) was bought by Sanofi. After acquiring Merial, BI became the second-largest animal health firm in the world.

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Animal Antimicrobials and Antibiotics Market by Category

By Product Type:

Tetracyclines
Penicillins
Sulfonamides
Macrolides
Aminoglycosides
Lincosamides
Fluoroquinolones
Cephalosporins
Other Antimicrobials and Antibiotics

By Animal Type:

Companion Animals
Food Producing Animals

By Mode of Delivery:

Premixes
Oral Powder
Oral Solution
Injection

By Region:

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

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Nutrition Revolution: Projected Growth in the Functional Food and Natural Health Products Market to Hit US$ 38555.2 million by 2033

From 2023 to 2033, the market for functional foods and natural health products is projected to expand at a CAGR of 5.3%. The market is being pushed by increased health awareness, an increase in the prevalence of chronic diseases, and rising demand for convenient and healthful food and beverage items. The market is being pushed by increased health awareness, an increase in the prevalence of chronic diseases, and rising demand for convenient and healthful food and beverage items.

Growing consumer demand for convenient and healthy food and drink options, greater health consciousness, and an increase in the prevalence of chronic diseases. The global market for functional foods and natural health products is constrained in its expansion by the high cost of research and development. The market for natural health goods, e-commerce, and functional beverages presents prospects in personalized nutrition.

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Drivers and Trends:

The emergence of personalized nutrition: Consumers are increasingly able to customize their diets to meet their unique needs and tastes thanks to this trend. The main drivers are the rising desire for items that are made to meet health objectives and the expanding availability of data on individual health.
The market for functional beverages is expanding. The market for functional beverages is expanding quickly as people hunt for beverages that taste good and provide health benefits. The main driving force is the rising public knowledge of the health advantages of functional substances like probiotics, prebiotics, and adaptogens.

Key Takeaways

With an astounding 16.7% growth rate, India takes the top spot and demonstrates its strong market potential in the studied area.
The United States market exhibits robust growth of 10.7%, securing its place as a major participant in the sector.
With a substantial growth rate of 7.9%, the Chinese market demonstrates China’s growing relevance and influence in the global economy.
With stable growth rates of 2.9% and 2.5%, respectively, Australia and Japan demonstrate their sturdiness and market expansion potential.
The low growth rates of Germany and the United Kingdom, 2.8% and 2.5%, point to stable market conditions and potential for sustained corporate growth.

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Competitive Landscape

Functional foods and natural health products are very competitive, with many big, well-known companies vying for market dominance. In the upcoming years, it is anticipated that the market for functional foods and natural health products will remain extremely competitive. The market is anticipated to expand steadily, but in order for businesses to hold onto their market share, they must be able to adjust to shifting consumer preferences.

Abbott Laboratories:

A leader in the healthcare industry, Abbott produces a variety of natural health products and functional foods, such as Ensure, Boost, and Glucerna.

Archer Daniels Midland (ADM):

Among the functional foods and natural health products produced by Archer Daniels Midland (ADM), a worldwide food processing and commodities trading firm, are Fibre One, SimplySmart, and Truvia.

BASF:

ProActiv, Benecol, and Move Free are just a few examples of the natural health products and functional foods the German chemical corporation BASF produced.

Danone:

Activia, DanActive, and Oikos are just a few of the natural health products produced by the French multinational food and beverage corporation Danone.

Arla Foods:

Skyr, Arla Protein, and Lactofree are just a few of the functional meals and natural health products produced by the dairy cooperative Arla.

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Functional Food and Natural Health Products Market by Category

By Nature:

Organic
Conventional

By Product Type:

Functional Food Product
- Bakery & Confectionery
- Dairy
- Fish & Eggs
- Canola-based
- Pulses-based
- Hemp-based
- Flax-based
- Oats-based
- Barley-based
- Soy
- Oils & Fats
- Others
Natural Health Product
- Probiotics
- Proteins & Amino Acids
- Phytochemical & Plant Extracts
- Prebiotics
- Fibers & Specialty Carbohydrates
- Omega-3 Fatty Acids
- Carotenoids
- Natural Vitamins
- Natural Minerals

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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A Forecasted Surge in the Processed Beef Market to Reach US$ 314.5 Billion by 2033

According to FMI reports, the global processed beef market can soar at a rate CAGR of 9% from 2023-2033. The market share of the processed beef industry is predicted from US$ 133.4 Bn in 2023 to over US$ 314.5 Bn by 2033.

Globalization and the popularity of different cuisines have led to an increase in beef consumption globally due to shifting consumer habits and lifestyles over the past few decades.

Furthermore, the manufacturing sector is expected to grow rapidly in addition to the growth of packaged foods. The growing demand for halal and kosher beef products in the next ten years is expected to create an opportune environment for both established and incoming processed meat companies.

To increase their sales potential, processed beef manufacturers have introduced different flavours to improve their sales. Among the new products are cold cuts of ham, dry-aged beef, salami cold cuts, and deli meats. The popularity of processed beef is increasing because it is healthy, natural, and sustainable.

In response to shifting dietary habits, consumers are increasingly looking for low-calorie and fat-containing foods with high protein value and high protein content based on the necessity for animal-based protein.

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Key Takeaways from the Processed Beef Market Study

The global processed beef market expanded at 7.9% CAGR from 2016-2022.
Sales of chilled processed beef are anticipated to grow at a CAGR of 8.4%.
The consumption of processed beef in India is expected to showcase a higher rate of growth at a CAGR of 12.7% over the forecast period.
The demand for processed beef in South Korea is expected to grow at a CAGR of 11.9%

Competitive Landscape for the Processed beef Market

To expand their product manufacturing capabilities, portfolios, and global presence, companies operating in the processed beef market seek to diversify and form strategic partnerships with other manufacturers. In the processed beef market, top competitors are investing in new technologies to improve shelf life, texture, and flavor. In addition, some firms are expanding into emerging nations to gain a competitive advantage.

JBS SA, Hormel food , Harim Co Ltd, Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods, Inc., SYSCO Corp, and others, the market is growing and establishing a strong global presence.

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Recent Developments in the Processed Beef Market

In August 2022, Tyson Foods announced it would expand its Caseyville Prepared Foods Facility. As a result of the US$180 million investment, the Hillshire Farm® and Jimmy Dean® brands will be able to meet growing demand. Production is expected to begin in the fall, followed by expansion in the summer of 2023. It will allow more grab-and-go snacking and breakfast items to be produced at the Caseyville plant, where Hillshire Farm® and Jimmy Dean® products are produced. The 170,000 square feet expansion will allow this production to grow.
As an exclusive product for beef enthusiasts, Makro Food Service Sukhumvit 22 Branch, Thailand, introduced dry-aged Australian beef in March 2022.
In July 2022, BRF Sadia inaugurated its new plant in Dammam, Saudi Arabia, Al Joody, by which it increased its production capacity to 1,200 tons per month. This will play a crucial role in the growth and development of the poultry industry locally.

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Seasonal Allergy Market Gears Up to Surpass US$ 2.58 Billion by 2033

According to Future Market Insights most recent industry report, the global seasonal allergies market sales is expected to be valued US$ 1.15 billion in 2022. It is anticipated that the market would expand at a 7.8% compound annual growth rate (CAGR) and reach an estimated US$ 2.58 billion in worth by 2033.

Changes in the length and ferocity of pollen seasons have an impact on allergy diseases such as rhinitis, conjunctivitis, and asthma. Children, the elderly, and people with reactive airway diseases like asthma are populations that are more susceptible to these negative health effects. Greenhouse gases are capable of evoking respiratory symptoms in people with asthma and chronic obstructive pulmonary disease, as well as contributing to premature mortality and long-term declines in lung function.

As a result of global climate change, an increasing number of people are currently experiencing allergy disorders brought on by pollen. Additionally, in the Asia-Pacific region as well as in Europe and America, seasonal and regional differences in pollen have shifted. Growing populations of allergenic plants have become a hazard to allergic kids as pollen sensitivity rates in children have recently increased.

By reducing the antiviral interferon response, pollen exposure reduces immunity to some seasonal respiratory infections. According to a new, extensive cohort study from South Korea, co-exposure to numerous seasonal environmental variables, such as ozone, rhinovirus, and tree pollen, is linked to asthma exacerbations in school-aged children.

Forecasting and eliminating the related danger for human health in the future and taking suitable actions to reduce it are vital, especially in light of the impact of climate change on long-term trends in pollen levels and developing virus infection.

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Key Takeaways:

Tablets/Capsules segment is set to lead in terms of the form of seasonal allergy with a projected market value share of around 33.6% by 2033, it is simple to swallow tablets and capsules because they don’t need to be prepared or measured.
OTC medications are the most popular prescription type because they are easily accessible without a prescription and because drug stores make it simple to obtain the often-prescribed allergy medications. In 2022, OTC by prescription held a 76.3% market share.
There are numerous treatments, but antihistamines dominate the therapy segment with a predominant share of 46.0%.
By distribution channel, hospital pharmacies held a share of around 35.9% in 2022. Hospital pharmacies have access to an extensive selection of specialty drugs that may not be offered by retail pharmacies.
North America held one-third value share of the global market in 2022, owing to the increasing prevalence of seasonal allergies in the region.

“With the increasing prevalence of seasonal allergies and the growing awareness about available treatment options, the market for seasonal allergy treatment is expected to witness significant growth in the coming years. Moreover, technological advancements in the development of novel therapies and the rising demand for personalized medicine are anticipated to shape the future trends in the seasonal allergy treatment market,”Says an analyst of Future Market Insights.

Market Competition

Seasonal allergy is a market that is fragmented with multiple key players. The market participants are concentrated on developing, launching, and receiving approvals for pharmaceutical products in order to enhance treatment outcomes. Manufacturers are also anticipating mergers and partnerships.

ALK Abello and a major pharmaceutical company, Windgap Medical, announced a partnership in August 2019 to introduce a new generation of epinephrine auto-injector pens in the United States. This aided the business in increasing its market share in the United States
Anergis and Virometix agreed to a research partnership in July 2020 to examine synthetic virus-like particles for extremely quick allergy shots.

Key companies profiled in seasonal allergy industry are Merck KGaA, Johnson & Johnson, Allergopharma, Sanofi SA, McNeil Consumer Healthcare, Genentech Inc., GlaxoSmithKline PLC, Leti Pharma, Alerpharma S.A, Allergan, Inc., Meda Pharmaceuticals, Inc, Novartis International AG, Bausch Health Companies Inc., Allergopharma, ALK Abello, Stallergenes Greer, Allergy Therapeutics, Aimmune Therapeutics, Biomay AG, HAL Allergy Group, Bayer, AstraZeneca, and others.

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Key Segments:

By Form:

Tablets/Capsules
Liquid
Creams & Lotions
Drops
Spray

By Prescription:

OTC
Prescription based

By Route of Administration:

Oral
Intranasal
Sublingual
Sub Cutaneous
Intravenous

By Treatment:

Antihistamines
Decongestants
Nasal Corticosteroids
Allergen Immunotherapy
Leukotriene Receptor Antagonists

By Distribution Channel:

Hospital Pharmacies
Supermarkets/Hypermarkets
Online Pharmacies
Retail Pharmacies
Speciality Clinics
Others

Region:

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

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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