Market Research Blog – Page 3778 – New Product Development

Global Alcoholic Hepatitis Treatment Industry Poised for US$ 5.3 Billion Valuation by 2033, Driven by 6.5% CAGR | FMI

The Global Alcoholic Hepatitis Treatment Industry is poised for substantial growth, reaching an estimated valuation of US$ 5.3 Billion by 2033, as per the latest industry analysis conducted by Future Market Insights. The market, which was valued at approximately US$ 2.6 Billion in 2022, is projected to exhibit an impressive Compound Annual Growth Rate (CAGR) of close to 6.5% over the forecast period.

Alcoholic hepatitis, a severe and potentially life-threatening condition arising from excessive alcohol consumption, is a critical focus within the healthcare landscape. Characterized by inflammation and damage to liver cells, this type of liver disease poses a significant threat to individuals’ health. If left untreated, it can progress to liver failure, with potentially fatal consequences.

As a result, there is intense research and development activity in the alcoholic hepatitis treatment market aimed at developing new drugs, medical devices, and minimally invasive procedures that can effectively treat the disease. Many pharmaceutical and biotechnology companies are investing heavily in the development of novel therapies for alcoholic hepatitis, which is expected to drive the growth of the market in the coming years.

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Also, governments are implementing policies aimed at improving access to healthcare, particularly for underserved and vulnerable populations. This is driving demand for alcoholic hepatitis treatment and making it more accessible to patients.

Overall, these factors are contributing to the growth of the alcoholic hepatitis treatment market, and are expected to continue to drive demand for effective and innovative treatment options in the coming years.

Global Alcoholic Hepatitis Treatment Industry Key Takeaways:

Drug treatment is the leading segment as treatment among patients and professionals, and held about 88.3% market share in 2022, due to its non-invasive nature and high efficacy in patients.
By route of administration, the oral segment is leading with a 78.2% market share in 2022 as oral medications are often the first-line treatment for alcoholic hepatitis because they are effective and relatively easy to administer.
By distribution channel, institutional sales dominated the global alcoholic hepatitis treatment market withholding the total market share of about 55.9% by the end of 2022 as healthcare institutions such as hospitals, clinics, and long-term care facilities provide a wide range of services and treatments for patients with alcoholic hepatitis.
By region, North America is leading in the global alcoholic hepatitis treatment market with a 39.9% market share in 2022 and is expected to continue to do so during the forecasted years due to the increasing prevalence of alcoholic hepatitis.

“Increasing adoption of stem cell therapies and growing awareness and diagnosis of alcoholic hepatitis to create the lucrative potential for the market in near future,” says an analyst at Future Market Insights (FMI).

Global Alcoholic Hepatitis Treatment Industry Competition:

Manufacturers are focusing on collaboration with academic institutions, research organizations, and other pharmaceutical companies to advance research and development initiatives. Manufacturers engage in aggressive marketing and promotion strategies to increase the visibility and awareness of their products among healthcare providers. Pharmaceutical companies invest heavily in research and development to develop new and innovative drugs for the treatment of alcoholic hepatitis.

In March 2021, Mallinckrodt plc won the Manufacturing Leadership Award for outstanding achievement in two categories – Collaborative Innovation Leadership and Operational Excellence Leadership – from the National Association of Manufacturers (NAM).

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the alcoholic hepatitis treatment market in its latest study, presenting a historical demand assessment of 2012 – 2022 and projections for 2023 – 2033. The global alcoholic hepatitis treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on treatment– alcoholic hepatitis treatment market by treatment – [drug treatment (acamprosate, naltrexone, pentoxifylline, infliximab, corticosteroids, benzodiazepines, nutritional supplements, others), stem cell therapy], route of administration (oral, injectable), distribution channel – [institutional sales (hospitals, stem cell centers, stem cell centers, cancer research institutes), retail sales (retail pharmacies, e-commerce/mail order pharmacies)], across seven regions of the world.

Global Alcoholic Hepatitis Treatment Industry Key Players:

F. Hoffmann-La Roche Ltd (Genentech, Inc)
Teva Pharmaceuticals
Pfizer
Alkermes, Inc
Viatris Inc
Merck KGaA
Sun Pharmaceutical Industries Ltd
Hikma Pharmaceuticals PLC
H. Lundbeck A/S
Mallinckrodt
Glenmark Pharmaceuticals U.S. Inc
Torrent Pharmaceuticals Ltd
Wellona Pharma

Global Alcoholic Hepatitis Treatment Industry Key Segments Covered

By Treatment:

Drug Treatment
- Acamprosate
- Naltrexone
- Pentoxifylline
- Infliximab
- Corticosteroids
- Benzodiazepines
- Nutritional Supplements
- Others
Stem Cell Therapy

By Route of Administration:

Oral
Injectable

By Distribution Channel:

Institutional Sales
- Hospitals

Stem Cell Centers

Specialized Clinics
Cancer Research Institutes

Retail Sales
- Retail Pharmacies
- E-Commerce/Mail Order Pharmacies

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.

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Revolutionizing Operations: Cognitive Supply Chain Market Set to Soar, Valued at $9.5B in 2024

The cognitive supply chain market is estimated to be worth US$ 9.5 billion in 2024 and is projected to be valued at US$ 40.4 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 15.6%.

The main factor driving the growth of the cognitive supply chain market is increasing supply and demand from the e-commerce industry. The growth of the cognitive supply chain market is due to its cost reductions, improved efficiencies, and better resource utilization.

The demand for cognitive supply chain solutions has increased in business owing to its advanced analytics and AI-driven insights, allowing businesses to make real-time data-driven decisions and enhancing accuracy and agility in responding to market changes. This real-time visibility of supply chain processes will enable businesses to track inventory, monitor shipments, and enhance transparency across the entire network.

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Adopting cognitive supply chain solutions provides a competitive edge by enabling faster innovation, better service delivery, and improved customer satisfaction compared to competitors still reliant on traditional methods.

Continuous advancements in AI, machine learning, and analytics capabilities have made cognitive technologies more powerful and accessible, driving their adoption in supply chains. Growing need for sustainable practices to boost the market for cognitive supply chains as they reduce waste and support eco-friendly practices within supply chains.

Cognitive Supply Chains will enable companies to deliver highly personalized products and services, responding to individual customer preferences and demands more agilely.

Key Takeaways:

From 2019 to 2023, the cognitive supply chain market is expected to account for a CAGR of 13.6%.
Based on deployment, the on-premise segment is expected to account for a share of 68.3% in 2024.
Global cognitive supply chain demand in China is predicted to account for a CAGR of 16.1% in 2024.
In the United States, the cognitive supply chain industry is expected to account for a CAGR of 13.5% in 2024.
Germany is projected to expand by a value CAGR of 15.1% between 2024 and 2034.
Cognitive supply chain market in Japan is anticipated to record a CAGR of 16.8% in 2024.

“The growing e-commerce sector and increased adoption of AI and machine learning technology is anticipated to drive the market growth during the forecast period.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights

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Competitive Landscape:

Market players are inclined to invest in research development and innovations to increase the cognitive supply chain market applications. Collaborating with other players in the cognitive supply chain market is another strategy followed by major market vendors to gain competitive edge. Some developments from the cognitive supply chain market are:

Microsoft’s Azure AI and cloud services enable cognitive supply chain capabilities, including predictive maintenance, demand forecasting, and supply chain optimization tools.
Amazon Web Service AWS offers machine learning and AI services for predictive analytics, inventory management, and logistics optimization within supply chains.
Accenture provides consulting services and innovative solutions leveraging AI and analytics to enhance supply chain visibility, efficiency, and resilience.

Key Companies Profiled:

IBM Corporation
Oracle
Amazon.com
Accenture plc
Intel Corporation
NVIDIA Corporation
Honeywell International Inc.
C.H. Robinson Worldwide
Panasonic
SAP SE

Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global cognitive supply chain market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.

To understand opportunities in the cognitive supply chain industry, the industry is segmented based on Deployment (Cloud, On-Premise), By Enterprise Size (Large Enterprises, SMEs), By Automation Used (IoT, Machine Learning), By Industry Vertical (Healthcare, Food & Beverages, Transportation and Logistics, Retail & e-commerce, others) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

Cognitive Supply Chain Market Key Segments:

By Deployment:

Cloud
On-Premise

By Enterprise Size:

Large Enterprises
SMEs

By Automation Used:

IOT
Machine Learning

By Industry Vertical:

Healthcare
Food & Beverages
Transportation and Logistics
Retail & E-commerce
Others

By Region:

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

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Smart Cooking, Savvy Choices: Oven Bag Market Poised for 8% CAGR, Eyes US$ 4106 Million Valuation by 2032, Boosted by the Trend of Smart Homes

The oven bag market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 8% during the forecast period. Starting from a value of US$ 1,901.9 million in 2022, it is expected to surge to a valuation of US$ 4,106 million by 2032. Several factors are contributing to this remarkable expansion.

One major driver is the increasing consumption of meat in Asian regions, bolstering the demand for oven bags as a convenient cooking solution. Additionally, the shift in consumer preferences from traditional to modern cooking methods due to urbanization and the influence of Western culture is propelling the growth of oven bag sales. The rise of smart homes is also anticipated to play a role in expanding the oven bag industry.

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Business Growth Opportunities in Oven Bag:

Global Market Expansion: Explore opportunities to enter new geographic markets and tap into the growing demand for convenient cooking solutions worldwide.
Diversification of Product Line: Introduce specialized oven bags for different cooking purposes, such as roasting, baking, and steaming, to cater to a broader range of consumer needs.
Partnerships with Food Manufacturers: Collaborate with food manufacturers to create customized oven bag solutions for pre-packaged meal kits, enhancing convenience and driving market penetration.
E-commerce and Direct-to-Consumer Sales: Leverage online platforms to directly reach consumers, offering a convenient and efficient way for customers to purchase oven bags, especially as online shopping continues to grow.
Sustainability Focus: Respond to the increasing consumer demand for eco-friendly products by developing oven bags made from sustainable materials and implementing eco-conscious packaging practices.

Trends in the Oven Bag Industry:

Premiumization: Consumers are increasingly willing to pay for higher-quality, premium oven bags that offer enhanced features such as better heat resistance, improved sealing, and innovative cooking technologies.
Health-Conscious Cooking: The market is witnessing a trend towards oven bags designed for healthier cooking options, aligning with the growing consumer focus on nutritious meals and reduced fat content.
Smart Cooking Integration: Integration of smart cooking technologies, such as IoT-enabled temperature monitoring and cooking apps, to provide users with greater control and convenience in their cooking processes.
Customization and Personalization: Consumers are seeking customizable oven bag solutions, allowing them to tailor the cooking process based on their preferences, dietary restrictions, and portion sizes.
Biodegradable Materials: Growing awareness of environmental concerns is driving the adoption of oven bags made from biodegradable materials, appealing to eco-conscious consumers.

Innovations in the Oven Bag Industry:

Self-Sealing Technology: Introduction of innovative self-sealing mechanisms in oven bags to enhance convenience and reduce the risk of leaks during cooking.
Multi-Compartment Bags: Development of oven bags with multiple compartments, allowing users to cook different ingredients simultaneously without flavors blending.
Flavor Infusion Technology: Integration of flavor infusion technologies, such as built-in seasoning pouches or marinades, to enhance the taste of dishes cooked in oven bags.
Temperature-Sensitive Indicators: Incorporation of temperature-sensitive indicators on oven bags to provide visual cues, ensuring users can easily monitor and achieve optimal cooking temperatures.
Recyclable Packaging Solutions: Innovation in packaging materials to create oven bags with recyclable or reusable components, aligning with sustainability goals and reducing environmental impact.

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Market Segmentation:

Based on the type of material used,

Polyester
Nylon

Based on the end use,

Roasting meats
Whole chickens
Pork
Beef
Lamb
Fish
Seafood

Competition Analysis:

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the keyword industry. Competitive information detailed in the keyword market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each industry player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the keyword market report.

Key players:

Some key players of oven bag market are Flexipol Packaging Limited, Extra Packaging Corp, Sunkey Plastic Packaging Co., Ltd, Sirane Ltd, Terinex LTD, Yin Tian Industrial Co., Ltd, M&Q Packaging Ltd, Xiong Xian Xinhuarui Plastic Co Ltd, Huangshan Sinoflex Packaging Co. Ltd, Reynolds Consumer Products, Xiamen Threestone Packing Material Co. Ltd, and Sealed Air Corp.

Important Questions Answered in the Oven Bag Industry Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Oven Bag market been expanding during the forecast period?
How will the global Oven Bag industry look like by the end of the forecast period?
What innovative strategies are adopted by Oven Bag industry players to stay ahead of the pack?
What are the restraints affecting the growth of the global Oven Bag market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for industry players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in industry revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Oven Bag industry

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in industry research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Nandini Singh Sawlani

Exploring the Evolving Landscape of the Powdered Cellulose Market: Insights into Global Demand

In 2023, the global powdered cellulose market is expected to be worth US$ 183.8 million. The market is expected to grow at a sluggish but consistent CAGR of 4.9% between 2023 and 2033. The market’s worth is expected to reach US$ 297.4 million in 2033.

Powdered cellulose is generated from a variety of natural sources, including softwood/hardwood pulp, cotton linter, bamboo, and many others on the list, all of which are high in dietary fibre. Powdered cellulose is widely utilised in bread items, frozen desserts, beverages, dairy products, and other products due to its unique capabilities as an emulsifier, stabiliser, thickener, and many others.

According to FMI, the food and beverage industry will emerge as the primary end consumer, accounting for little less than 22% of total sales in 2031. Aside from that, increased demand from the construction, pharmaceutical, and other industries will continue to boost market growth.

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The FMI studies deeply into the dynamics to offer remarkable insights into powdered cellulose market. Some of these are:

Powdered cellulose market will register above 6% CAGR between 2021 and 2031
The U.S. has emerged as a key market, accounting for over 60% sales in North America
The increasing demand from various industries will enable the U.K. market exhibit a little below 4% y-o-y growth in 2021
The expansion of food and construction sectors will support growth in Germany and France
China will lead East Asia, thanks to the rising demand from the food industry

“Higher focus on healthy eating have attracted attention towards ingredient list of food products. In general there is higher demand for food products containing ingredients derived from natural sources. This has resulted in increasing use of powdered cellulose as emulsifier and gelling agents in sauces and mixes. The demand for powdered cellulose will therefore continue increasing through the forecast period.” said a lead analyst at FMI

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Application of Powdered Cellulose in the Construction Industry to Surge

Fine fibrous structure powdered cellulose consisting minerals and metallic oxides is finding increasing application in the construction sector. During the welding function powdered cellulose protect from oxidation. Therefore it helps to improve the stability and welding function.

Furthermore, owing the functionality as coating and gelling agent, powdered cellulose is used in tile adhesives, cement renders, putty powder, and others. Manufacturers are using powdered cellulose in various construction and welding materials because it improves the operation time. Increasing use in the construction sector will continue supporting expansion of the market.

Who is winning?

Some of the key players operating in powdered cellulose market Jelu-Werk J. Ehrler GmbH & Co. KG, J. Rettenmaier & Söhne GmbH + Co KG, CFF GmbH & Co. KG, Mikro-Technik GmbH & Co KG, InterFiber Sp. Z.O.O, Ankit Pulps and Boards PVT. LTD., Accent Microcell Pvt. Ltd., Central Drug House (P) Ltd, NB Entrepreneurs, Natural Fiber Solutions and many others. These players are actively involving in changing market strategy, production capacity and other developments to gain competitive advantage.

For instance:

J. Rettenmaier & Söhne Company, installed its production and business plant in China in 2017.
In 2016, InterFiber expand its supplier network in Chicago and Philippines to expand its business operations

Get Valuable Insights into Powdered Cellulose Market

Future Market Insights, in its new report, presents an unbiased analysis of the global powdered cellulose market, covering historical demand data and forecast figures for the period between 2021 and 2031.

Powdered Cellulose market by category

Grade

Food Grade
Pharmaceutical Grade
Industrial Grade

Functionality

Thickener
Stabilizer
Emulsifier
Gelling
Coating Agent
Others

Source

Soft and Hard Wood Pulp
Cotton Linter Pulp
Bamboo
Wheat Straw Pulp
Other Sources (oats, etc.)

End Use

Food & Beverage Industry
- Bakery & Confectionery
- Meat & Poultry Product
- Sauces & Dressings
- Beverages
- Processed Food
- Dairy Products
- Others
Pharmaceuticals
Cosmetics
Construction Industry
Chemical Industry
Leather Industry
Textile Industry
Paper Industry
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania

Frequently Asked Questions

Which is most lucrative market for powdered cellulose market?
Which grade of powdered cellulose is used widely?
Which is the key function of powdered cellulose?
Which are some of the top companies offering powdered cellulose market?
Who is the leading end user of powdered cellulose?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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Green Banana Flour Market Projected to Reach US$ 1026.1 Million by 2033: Analyzing Market Dynamics

The global green banana flour market was estimated to have acquired US$ 623 million 2022. Changing consumer preferences towards organic and gluten-free flour will propel the market to reach a sum of US$ 1,026.1 million by 2033.

Green banana flour is trending as a gluten-free ingredient for the food industry, which in turn is creating opportunities for key players to capitalize on. Changing buyers values have led to seek more nutrition from natural and high-quality food sources with clean labels. With consumers seeking healthier options, it is seen that these products have appeal across a broad spectrum of potential buyers.

Driven by consumers’ piqued interest, green banana flour is now being made available in a particular flavor or a combination of other fruit flavors. According to FMI, the demand for conventional green banana flour is remarkably high and it is expected to account for over 95% sales in 2021.

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Key Takeaways from the Green Banana Flour Market Study

Green banana flour market is expected to register 4.6% Y-o-Y growth in 2021
The U.S. will emerge as a highly attractive market, accounting for over 85% of sales in North America in 2021
Exhibiting above 6% Y-o-Y growth in 2021, the U.K. will emerge as an attractive market for green banana flour within Europe
The demand from Germany and France too is forecast to rise at an impressive pace
Within East Asia, China will exhibit strong growth, followed by Japan and South Korea

Quality Concerns Pertaining to Food Enabling Green Banana Flour Sales

Rising concerns regarding quality of food products, along with growing awareness about health & wellbeing, are pushing consumers to increasingly opt for healthy and organic products Green banana powder is being sold in its retail format for household purposes in large quantities. Growing purchasing power and increased opportunities for women in the workforce have resulted in less time for home cooking, and higher demand for processed or prepared foods. As a result, there is a rise in consumer expenditure on grocery retail and food.

Not only is it a must for those with gluten allergies to use substitute flours, but it’s also a perfect choice for many recipes to add nutrients. Green banana flour is lower in calories than all-purpose flour at only 100 calories per 1⁄4 cup, which essentially helps minimize the total calorie count without losing flavour or texture.

Who is winning?

Rising inclination towards vegetable and fruit flours across various regions is fuelling the demand for green banana flour. Manufacturers across the globe are are investing heavily to update their inventories with green banana flour products to cater to the growing demand.

For instance, Zuvii specializes in the production and marketing of gluten-free food ingredients for both retail and commercial sectors. The company offers products such as gluten-free banana flour, pancake and waffle mix, brownie mix, chocolate cake mix, vanilla cake mix, and bundles. The green banana flour produced by the company is claimed to be starch free, and good for the gut due to its probiotic nature.

Some of the key players in green banana flour market are are International Agriculture Group, Made’s Green Banana Flour Co., Kanegrade Ltd., Natural Evolution Limited, Slingan Pty Ltd., NOW Health Group, Inc, NuNatural Inc, Zuvii, Pereg Gourmet Natural Foods, M-Pak, Banatone Food Industries, Stawi Foods and Fruits Limited, Vinayak Ingredients (INDIA) Pvt. Ltd., Hearthy Foods, Saipro Biotech Private Limited, Paradise Fruits, Royal Nut Company, Absolute Organic, KADAC Pty Ltd.

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Green Banana Flour Market by Category

Product Type

Organic Green Banana Flour
Conventional Green Banana Flour

Process

Spray Dried Process
Sun Dried Process
Freeze Dried Process
Others

Sales Channel

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Store
- Specialty Store
- Online Retailers
- Other Sales Channel

Application

Household
Food Industry
- Bakery & Snacks
- Confectionery
- Infant Food
- Filling & Dressings
- Soup & Sauces
- Others
Beverages
Pet Food & Feed Industry

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Author

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

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

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

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

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

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Exploring the Growth Trajectory of the Plant-based Tuna Market: Anticipated 17% CAGR from 2023 to 2033

As per the latest market research conducted by FMI, the global plant-based tuna market is expected to record a CAGR of 17% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 284 million. By 2033, the valuation is anticipated to reach US$ 1,320.6 million.

Increasing public awareness of the negative health effects of eating animal products, as well as ethical concerns about animal agriculture, is contributing to the progressive mainstreaming of veganism and plant-based diets. As a result, the market is expanding faster than expected over the forecast period. Furthermore, industry players are offering novel items to meet the wants of customers worldwide. These products have a tuna-like flavour and texture and contain additives with numerous health advantages.

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Competitive Background:

The key players operating in the plant-based tuna market are investing in mergers and acquisitions to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the plant-based tuna market. As a result, market participants are likely to have a better overall revenue share in the global plant-based tuna market.

Key Takeaways:

The plant-based tuna market is anticipated to reach a valuation of US$ 284 million in 2023.
The plant-based tuna market is predicted to record a CAGR of 17% through 2033.
The plant-based tuna market is expected to expand, particularly as the flexitarian population increases.
The plant-based tuna market is expected to surpass 1,320.6 million by 2033.
The plant-based tuna market recorded a CAGR of 4% from 2018 to 2022.
The United States plant-based tuna market recorded a CAGR of 27.1% in 2022
The plant-based tuna market in China recorded a CAGR of 16.7% in 2022
The plant-based tuna market in India recorded a CAGR of 14.3% in 2022
The plant-based tuna market in Japan recorded a CAGR of 1.1% in 2022

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Developments in the Market:

Atlantic Natural Foods, a leading brand, offers a unique combination of flavor and texture in its products which is the outcome of the company’s growing research and development investments.
Nestlé declared the launching of Vuna, a plant-based tuna, in August 2020 as its most inventive product to date. The company’s first product which isn’t seafood was initially intended to launch in Switzerland.
Gathered Foods, one of the well-known manufacturers of plant-based seafood, entered the restaurant industry by collaborating with Vegetarian Grill. Then Vegetarian Grill announced that a special and limited-edition tuna melt available from October 2020 menu list.

Significant Players in the Market:

Good Catch
Ocean Hugger Foods
Sophie’s Kitchen
New Wave Foods
Gardein, Beyond Meat
Prime Roots
Atlantic Natural Foods
Nestlé S.A
Avant Meats

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Key Segments

Format:

Refrigerated
Frozen
Others

Source:

Soy-based Protein
Wheat-based Protein
Pea-based Protein
Canola-based Protein
Fava Bean-based Protein
Potato-based Protein
Rice-based Protein
Lentil-based Protein
Flax-based Protein
Chia-based Protein
Corn-based Protein

Distribution Channel:

Retail
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Food Stores
Online Retail
HoReCa (Food Service Sector)

Regional Outlook:

North America – United States, Canada
Latin America – Mexico, Brazil, Rest of Latin America
Europe – EU-4, United Kingdom., BENELUX, Nordics, Russia, Poland Rest of Europe
The Middle East and Africa – GCC Countries, Türkiye, Northern Africa, South Africa, Rest of MEA
East Asia – China, Japan, South Korea
South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
Oceania – Australia, New Zealand

Author

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

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

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Nandini Singh Sawlani

Pulses Market Set to Flourish, Expected to Surpass US$ 122,891.9 Million by 2033: Analysis of Global Consumption Patterns

FMI finds the overall demand for pulses around the world growing at a promising 4.9% annually which is anticipated to continue till 2033. The global pulses market valuation is projected to reach US$ 122,891.9 million by the end of the year 2033.

Governments are offering financial aid and other incentives to increase output of pulses because they are a staple crop in many disadvantaged nations. Countries have created a range of food schemes aimed at expanding pulse production in recent years.

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Growing urbanisation, higher disposable incomes, and a strong desire for nutritious ready-to-eat and processed meals are driving growth. Furthermore, the concentration of a huge population base in India and China is increasing demand for nutritious food, leading to an increase in overall pulse production.

Pulses help to lower cholesterol and triglyceride levels in the human body. As a result, they are frequently consumed worldwide. In the short term, the coronavirus pandemic was predicted to create a minor delay. Despite a little slowdown caused by COVID-19, economic expectations remain generally optimistic.

As concerns over excessive meat consumption on human health dawn on consumers, they are seeking healthier alternatives. Resultantly, the market for pulses is witnessing a notable upsurge nowadays. Furthermore, the trend of healthy eating has augmented, with consumers hoping to strengthen their immunity by eating fiber, nutrient, and vitamin-rich foodstuffs. Therefore, growth prospects of the global pulses market appear largely optimistic throughout the 2020-2030 assessment period.

Key Takeaways from the Pulses Market Study Report

The United States pulses market is projected to grow at an annual rate of 3.7% over the next ten years. By following this growth rate it is expected to reach an overall valuation of US$ 4,473.2 million by the end of the year 2033.
In the European region, Germany is the leading region for business in pulses that is projected to grow at a 2.7% rate throw 2033. Meanwhile, the United Kingdom and Spain are expected to witness a higher rate of 3.1% and 4.1% respectively, over these years.
On the other hand, China is a very lucrative region nowadays for sales of pulses, which may register a CAGR of 6.4% until 2033.
Based on different forms of pulses, the pulse flour segment holds a higher potential for growth in the coming days. This segment is further projected to progress at an annual rate of 4% during the forecast years.
High consumption of pulses is likely to be in the whole form, given the higher need for good quality nutrition in countries suffering from severe hunger and malnutrition. This is largely expected to occur throughout the Middle East and Africa.

Landscape for the Pulses Market

Nestle SA, Groupe Danone, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co Ltd., Coca-Cola Co, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Dr. Schär AG/SpA, Lactalis Groupe, Valio Oy, Post Holdings Inc., and Monde Nissin Corp. among others are some of the major players in the global pulses market.

Market players can face stiff competition from alternative protein sources such as soybeans, hemp, flax, nuts, and oilseed. In most countries, the price of pulses is also phenomenally high limiting their consumption, particularly in developing economies.

This is generally attributed to the presence of interim entities who seek to profit from the pulses trade and commerce. However, nowadays, consumers rely on platforms such as Big Basket, Amazon, and Grofers to purchase pulses. Moreover, growth is largely being sustained by e-commerce channels, despite the significant presence of conventional retail outlets.

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Key Segments in the Pulses Industry Report

By Product Type:

Dry Beans
Lentils
Faba Beans
Dry Peas
Chickpeas
Cowpeas
Bambara Beans
Pigeon Peas
Vetches
Others

By Nature:

Organic
Conventional

By Form:

Whole Pulses
Flour Pulses
Split Pulses

By End Use Application:

Business to Business
- Food & Beverage Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Nutraceutical Industry
- Animal Feed Industry
Household Retail
- Store-based Retail
Hypermarkets or Supermarkets
Convenience Stores
Mass Grocery Retailers
Wholesale Stores
Departmental Stores
Food & Drink Specialty Stores
Other Retail Forums
- Online (e-commerce)
Food Service (HoReCa)
Institutional (Schools, Universities, etc.)
Others

Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Food Irradiation Market Projected to Reach US$ 540.9 Million by 2033: Examining Regulatory Landscape

The global market for food authenticity testing services is predicted to reach US$ 10112.8 million by 2033, surpassing US$ 5893 million in 2023.

According to the report, access to pure and adulterant-free meals has been jeopardised in recent years. Both health-conscious customers and healthcare practitioners have been incensed by the prevalence of food adulteration, mislabeling, and hidden ingredient data.

Morbidities caused by the usage of substandard and contaminated products affect 57% of the world’s population on average. Furthermore, each year, roughly a fifth of the world’s food supply is polluted. Recognising this, governments have taken aggressive steps to mitigate the detrimental effects of food adulteration.

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Increasing consciousness among consumers has elevated the need for introducing clean-label, organic-based and naturally derived foods. Based on these developments, the global Food Authenticity Testing Services market is all set to experience an impressive upsurge in the coming years.

Key Takeaways from FMI’s Food Authenticity Testing Services Market Report

Global Food Authenticity Testing Services market is likely to expand at a noteworthy CAGR in the forthcoming decade
Asia-Pacific to emerge as the fastest expanding region for Food Authenticity Testing Services attributed to a large population base
High incidence of meat consumption to provide traction to meat speciation authenticity tests
Economically Motivated Adulterations (EMA) compelling governments to impose tough legislations to keep food adulteration in check
PCR-based tests are expected to retain their popularity due to quick delivery of test results
Processed foods testing is expected to acquire surging popularity due to high demand

COVID-19 Impact Insights

The COVID-19 pandemic presents an exceptional and unprecedented challenge for competent authorities with responsibilities for national food safety control systems. As consumers resort to consuming health and immunity boosting foods, demand for clean-label products is rising exponentially.

While nationwide lockdowns and social distancing measures have limited laboratory testing capacities, it has not fully ceased as chances of food adulteration are maximum during this time period. Unscrupulous traders are prowling the market with the objective of flooding it with adulterated food products.

Thus, leading players have revised growth forecasts to demonstrate that the market is expected to remain afloat albeit at lower projections and reduced revenue margins. Growth is expected to be restored to normal levels in the post-pandemic scenario, once lockdowns are eased following a decline in infection rates.

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Leading Food Authenticity Testing Services Market Players

Some leading players in the global Food Authenticity Testing Services market include ALS Ltd., EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs to name a few.

The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

ALS Ltd., for instance, offers a wide range of testing and analysis with respect to ascertaining food quality. Its Food Authenticity Testing Services tests incorporate meat speciation through the ELISA/PCR testing techniques, halal verification and genetically modified foods. It also offers testing for detecting contaminants and allergens.

In May 2016, Intertek established its AgriTech laboratory in Hyderabad, India to perform DNA-based testing of various agricultural products. Simultaneously, the company unveiled its advanced ScanBi DNA technology.

Key Segments

Food Tested

Meat & Meat Products
Dairy & Dairy Products
Processed Foods
Other Food Tested

Target Testing

Meat Speciation
Country of Origin & Ageing
Adulteration
False Labelling

Technology

PCR-Based
Liquid Chromatography-Mass Spectrometry (LC-MS)
Isotope
Immunoassay Based/ELISA
Other Technologies

Region

North America (U.S & Canada)
Latin America (Brazil, Mexico & Rest of Latin America)
Europe (Germany, Italy, France, U.K, Spain, BENELUX & Rest of Europe)
South Asia (India, ASEAN & Rest of South Asia)
East Asia (China, Japan & South Korea)
Middle East & Africa (GCC, South Africa, Israel & Rest of MEA)
Oceania (Australia & New Zealand)

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Key Questions Answered in the Report

What are the growth prospects of Food Authenticity Testing Services market?

The global Food Authenticity Testing Services market is slated to record largely positive growth, experiencing a healthy CAGR throughout 2020-2030. Growth is primarily being underpinned by surging demand for clean-label and adulterant free foods across lucrative markets.

Which is the largest market for Food Authenticity Testing Services players?

Asia-Pacific is slated to emerge as the most lucrative revenue generator, attributed to a large population base. Majority of food testing demand is likely to be stimulated from China and India, the world’s most densely populated countries. This is because the prevalence of food adulteration is maximum across these countries.

Who are the leading Food Authenticity Testing Services market players?

Presently, the global Food Authenticity Testing Services market is interspersed with the presence of the following market players: EMSL Analytical Inc, Genetic ID NA Inc., Eurofins Scientific SE, Merieux NutriSciences Corporation, Intertek Group PLC, Microbac Laboratories Inc., SGS SA and Romer Labs. The aforementioned players employ a combination of tactics such as product launches, technological advancements, strategic acquisitions and expansion of research facilities in untapped markets.

Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Exploring the Lucrative Landscape of the Coconut Water Market: Analysis of Global Trends

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Coconut Water Market. The report features insights into the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2020 to 2030.

Future Business Insights’ research team is gathering data and conducting market studies in order to generate various Coconut Water Market estimates and predictions on a regional, national, and international scale. They investigated the Coconut Water Market and produced trustworthy and relevant insights by applying a number of business information sources, such as market statistics and merger estimates.

Because health-conscious clients choose natural, hydrating beverages, the market for coconut water is expanding rapidly. Coconut water is particularly popular due to its revitalising flavour, electrolyte content, and potential health advantages. As consumers become more aware of the nutritional benefits of the beverage, manufacturers are developing novel variations, propelling market growth in a number of countries throughout the world.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

Tropicana Products, Inc., a Bradenton, Fla.-based division of PepsiCo, introduced Tropicana Coco Blends.

Segmentation

Nature

Conventional
Organic

Application

Food
Bakery & Confectionery
Breakfast Cereal
Dairy Products
Sauces and Salads
Other Food Products
Beverages
Alcoholic Beverages
Tea & Coffee
Other Beverages
Cosmetics & Personal Care
Skin Care
Hair Care
Nutraceutical
Animal Feed & Pet Food
Retail

Flavour

Unflavored/Original
Flavored

Sales Channel

B2B/Direct
B2C/Indirect

Global

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

Frequently Asked Questions

What is the size of the overall Coconut Water Market in the Food and Beverage Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Coconut Water Market in the Food and Beverage Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Coconut Water Market in the Food and Beverage Market?
What is the Coconut Water Market in the Food and Beverage Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Coconut Water Market in the Food and Beverage Market?
What are the recent trends in Coconut Water Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Coconut Water Market in the growth of the Food and Beverage Market?
What are the key market trends impacting the growth of the Coconut Water Market in the Food and Beverage Market?

Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources. We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players. Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Coconut Water Market Outlook & Key Findings

Future Market Insights (FMI) forecasts positive growth for global coconut water market at a CAGR of 10.5% between 2020 and 2030
Consumer preferences are shifting towards natural beverages hence big manufacturers are offering packaged coconut water drinks and beverages to gain traction
Over 70% of coconut water accounts for original/ unflavored. Despite availability in various flavors, regular coconut water will remain consumer favorite, accounting for nearly one-fourth of the market, finds FMI

Author

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

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

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Nandini Singh Sawlani

Plant-Based Protein Market Set to Reach US$ 42.55 Billion by 2034: Unveiling Growth Catalysts

The global plant-based protein market size is estimated to be worth US$ 18.64 billion in 2024. The market valuation is projected to surpass US$ 42.55 billion by 2034, registering a healthy CAGR of 8.6% during the forecast period.

As the productivity of the food and beverage industries rises, the market for plant-based proteins will expand significantly. The global market for plant-based proteins is divided into soy, wheat, pea, potato, rice, canola, corn, and other product categories based on the kind of protein present. Soy protein is expected to dominate the market for plant-based proteins.

The increased prevalence of health issues such as diabetes, high blood pressure, and obesity, according to the survey, is driving people to pursue healthier lifestyles. As a result, there is a growing need for plant-based protein nutritional supplements and meals.

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Demand for Preventative Healthcare, Especially Due to the Recent Outbreak of Deadly Viruses to boost growth

The majority of people are worried about their health and recognise the importance of preventive treatment. Numerous journals, websites, and online forums, including Livestrong.com, bodybuilding.com, Men’s Health, and Shape, publish frequent updates on nutrition and lifestyle subjects. Similarly, companies that produce plant protein-containing goods advertise their products using a variety of media, including as websites, periodicals, and marketing campaigns, in an effort to build customer demand for these products.

These strategies of players primarily focus on new product development and enhanced safety, effectiveness and primarily health benefits such as the ability to lower cholesterol, lower body weight, and lower blood pressure levels. This is expected to aid in market growth in the region.

Also consumers have become increasingly conscious about the food they eat. Rumors linking coronavirus with consumption of meat and meat protein are likely to influence their perception regarding food they eat. As a result of this, the demand for plant-based protein is likely to surge in the coming years.

Who is winning?

Some of the major players in the plant-based protein that are covered in this report are Glanbia Plc, Archer-Daniels Midland Co., Roquette Freres, Cargill Incorporation, Burcon Nutrascience Corporat, E.I. du Pont de Nemours & Co, Cosucra Groupe Warcoing, Ingredion Inc, and CHS Inc, AGT Food & Ingredients, Inc.

These market players have a strong networked and secure clientele with main focus on increasing its product offering and portfolio with complete solutions to its customers including production, formulation of blend, packaging and transportation as well.

In addition to this, market players are more into mergers and acquisition to improve their product offering. Companies intend to expand their regional footprint through strategic collaborations.

In February 2017, Glambia Plc acquired two companies — Body & Fit and Grass Advantage LLC protein ingredient manufacturers in the U.S. and Netherlands respectively. Both the company have a strong tactical fit with Glanbia’s Performance Nutrition (GPN) division and will prolong its reach to wider channels and new consumers.
In August 2017, Archer Daniels Midland Company expanded its line of plant-based functional extracts by including an antioxidant blend, green tea, and acerola for application in a wide variety of food, drinks, and supplement applications
In March 2017, Cargill started production of pea protein ingredients through partnership with World Food Processing, which is a multi-generation, family-owned business based in Oskaloosa, U.S., that has developed non-bioengineered/non-GMO pea seed varieties to minimize off-flavors

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PLANT-BASED PROTEIN MARKET SEGMENTATION

The global Plant-based protein Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type:

Soy Protein
Wheat Protein
Pea Protein
Others

Form:

Isolates
Concentrates
Hydrolysates

Nature:

Organic
Conventional

Application:

Nutritional Products
- Sports Nutrition
- Medical Nutrition
- Infant Nutrition
Bakery
Snacks & Cereals
Dairy
Confectionary and Dessert
Convenience Food
Beverages
Animal Feed
Others

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

How much is the plant-based protein market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Plant-based protein sales?
How are market players reacting to the new developments in the market?
Which is the largest segment by type?
Which are the major countries driving demand for plant-based protein?
Who are the major players in the Plant-based Protein Market?
At what level does the report reflect pricing analysis?

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Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani