Market Research Blog – Page 3790 – New Product Development

Innovative Antimicrobial Solutions Propel Global Active Oxygens Market to Reach Staggering US$ 6.7 billion Valuation by 2033, Reveals Latest Forecast Analysis

The active oxygen industry is being driven by their expanding applicability to numerous end uses, including cleaning, packaging, laundry, aquaculture, soil remediation, chemical synthesis, etc. The Active Oxygens industry is expected to be worth US$3.9 billion in 2023. The market is expected to reach US$ 6.7 billion by 2033, growing at a 5.5% CAGR during the forecast period.

Active oxygens are increasingly replacing conventional cleaning agents due to their sustainable characteristics. For instance, in the laundry care sector, active oxygen technology is proving useful in delicately dry-cleaning garments without the use of water. The implementation of this water-saving technology is expected to pave the way for sustainability in the laundry care industry, thereby combating global water scarcity issues.

The global active oxygen market is dominated by a few countries that lead in active oxygen product technologies. The increasing use of active oxygens in FMCG items such as toothpaste and detergents is predicted to drive their demand to new heights. The active oxygen market in growing nations such as India, ASEAN, and the Middle East is expected to increase at a faster rate than that of advanced economies such as North America and Western Europe.

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Key Takeaways from the Active Oxygens Market:

The Active Oxygens industry in the United States is predicted to reach US$ 1.0 billion by 2033, increasing at a 5.6% CAGR.
The Active Oxygens industry in China is estimated to reach a market size of US$ 1.2 billion, expanding at a CAGR of 6.0% by 2033.
During the forecast period, the Active Oxygens industry in India is expected to reach a market share of US$ 0.5 billion, securing a 6.2% CAGR.
The Active Oxygens industry in Germany is predicted to reach US$ 0.6 billion by 2033, increasing at a 5.3% CAGR.
Japan’s Active Oxygens industry is predicted to achieve a market share of US$ 0.4 billion, rising at a 5.1% CAGR during the forecast period.
With a CAGR of 6.1% from 2023 to 2033, the ozone segment is expected to dominate the Active Oxygens by Product Type.
With a CAGR of 5.7% from 2023 to 2033, the water treatment segment is expected to dominate the Active Oxygens by end-use.

How Does the Competition Look in the Active Oxygens Market?

The market for Active Oxygens is partially consolidated, with intense competition among the few global leaders. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints.

The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new uses for active oxygens. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.

Key firms in the Active Oxygens sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective solutions.

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Key Players in the Market

Evonik Industries
Bosch
Solvay SA
CTX Pro
Alfred Kärcher SE & Co. KG
AIRPURETEC Technologies
Arkema
Nouryon
Taekwang Industrial Co.
NOF Corporation
Pergan GmbH
United Inhibitors

Segmentation Analysis of the Market

By Product Type:

Peroxides
Ozone

By Application:

Cleaning and Disinfection
Aseptic Packaging
Textile and Laundry
Water Treatment
Soil and Groundwater Remediation
Chemical Synthesis
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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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Dinner Ready-to-Eat (RTE) Food Market: Anticipated to Achieve US$ 25,184.3 Million by 2033

The adoption of dinner Ready-to-Eat (RTE) food is expected to increase at a CAGR of 6.00% during the forecast period. The dinner Ready-to-Eat (RTE) food market size is anticipated to rise from US$ 14,692 million in 2023 to US$ 25,184.3 million in 2033.

One of the primary elements driving market expansion is the rapidly urbanising food and beverage sector, which is also growing. The global consumption of RTE food products has also increased as the working population has grown and consumer lifestyles have improved.

As a result of hectic schedules, on-the-go convenience foods that require minimal preparation time and effort are becoming increasingly popular. Furthermore, the expansion of quick-service restaurants (QSRs) and the emergence of a café culture, as well as an increase in consumer purchasing power, are driving demand for supper RTE food products.

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To address nutritional needs, producers are creating creatively flavoured variations rich in useful ingredients, which is also boosting their enduring popularity among customers.

Other factors, such as the growth of online retailing networks and aggressive promotional activities by vendors, are expected to drive the market even further.

Key Takeaways from the Dinner Ready-to-Eat (RTE) Food market

The American ready-to-eat food market had the strongest dinner ready-to-eat food market share, accounting for 9.3% of the global market. The rising consumption of ready-to-eat foods, including frozen goods is to held responsible for the country’s growth. Given these foods’ low cost as well as their high quality and freshness, the dinner ready-to-eat food market in the United States is expanding.
3% of the market for dinner-ready food was accounted for by the Supermarkets & Hypermarkets category in 2022. The market for dinner ready-to-eat foods is expanding as a result of the convenience of finding various brands’ ready-to-eat foods in one place. Frozen food is offered at discount pricing by supermarkets in an effort to attract more customers.
Rising urbanization, increased middle-class disposable income, and changing Indian consumer food habits all contribute to the market’s phenomenal growth of 29.7%. Furthermore, the increased demand for quick food, as well as the freshness and nutritional value of these items, is aiding the growth of the Indian ready-to-eat food market.
The ready meals segment leads the global market with a 6.4% annual growth rate. Consumer demand for ready meals has boosted the growth of the dinner ready-to-eat food industry significantly. The rise in the working population, as well as the reduction in cooking time, has had a positive effect.

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Competitive Landscape

The manufacturers’ strategies for staying afloat in the dinner ready-to-eat food market include new product launches, portfolio expansion, strategic collaborations, and mergers. As a result of high industrial profitability, dinner ready-to-eat food market manufacturers have developed powerful competitive strategies, increasing competition among existing market players. As a primary market consolidation strategy, major dinner ready-to-eat food market players are focusing heavily on product innovation.

Findus Group, Tyson Food Inc., JBS, General Mills Inc., Koninklijke Philips N.V., Greencore Group Plc, The Kraft Heinz Company, Unilever NV, Smithfield Food Inc., Schwan’s Shared Services, Nestle SA, ITC Limited, and Hormel Food Corporation are some of the key players in the Dinner Ready-to-Eat Food Market.

Latest Developments

The Kraft Heinz Company announced a secondary offering of shares of common stock (the “Offering”) in November 2021. Some affiliates of 3G Global Food Holdings LP (the “Selling Stockholder”) intend to sell 30,596,465 shares of common stock (“Common Stock”) in the Offering, which is subject to market and other conditions. The company will not accept any proceeds from the Offering.
Tyson Foods, Inc. will launch a novel line of plant-based products under the brand First PrideTM in select retail markets and e-Commerce across Asia Pacific in June 2021. This is the first time the company has launched plant-based products in Asia, with the goal of making protein more accessible and affordable to more people around the world.

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Key Segments Covered in the Market Report

By Product Type:

Instant Breakfast/Cereals
Instant Soups and Snacks
Ready Meals
Baked Goods
Meat Products

By Distribution Channel:

Hypermarkets/Supermarkets
Convenience Stores
Online Retailers

By Region:

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

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.

About Future Market Insights (FMI)

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

Contact Us:

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
LinkedIn| Twitter| Blogs | YouTube

Global Central Nervous System Lymphoma Treatment Industry to Surge at 5.2% CAGR, Reaching US$ 205.3 Billion by 2033 | FMI

Future Market Insights (FMI), a leading market research firm, unveils promising projections for the Global Central Nervous System Lymphoma Treatment Industry. The market is anticipated to experience robust growth, reaching a valuation of US$ 205.3 billion by 2033, boasting a commendable Compound Annual Growth Rate (CAGR) of 5.2%.

The central nervous system lymphoma treatment market’s trajectory toward a US$ 205.3 billion valuation is underpinned by consistent and steady growth, as per FMI’s latest analysis. This forecast reflects the market’s resilience and potential to capitalize on evolving dynamics in diagnostics and therapeutics for central nervous system (CNS) diseases.

Pharmaceutical companies are focusing on investing in and developing novel therapies for the treatment of CNS diseases. The surging approval of generic products and the entry of new products into the market favor market growth. The extensive R&D efforts, the introduction of novel drug-delivery systems, and the advancements in the drug-delivery systems bolster the market growth. The introduction of transdermal patches and the presence of strong pipeline products fuels the market growth. The key pharmaceutical players are focusing on treatments to prevent neurological disorders. The increasing awareness regarding mental health drives market growth. The rising awareness regarding neurodegenerative diseases by government and non-government organizations drives market growth.

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The process of approval of central nervous system therapeutic and the drugs used to treat central nervous system diseases is very time-consuming. This factor restricts the market growth. Furthermore, research and development require a higher amount of investment which hampers market growth. It is a longer developmental and approval process. The higher cost per approval impedes the central nervous system therapeutic market growth.

The increasing prevalence of neurological disorders offers numerous opportunities for market growth. The rising diagnosis rates in developed and emerging countries significantly contribute to market growth. The governments are focusing on creating awareness regarding these conditions through campaigns. The launch of a new generation of antipsychotic drugs offers lucrative opportunities for market growth.

The innovation of central nervous system treatment drugs and strategic initiatives adopted by key companies operating in the CNS therapeutics market fuels the market growth. The increase in the prevalence and incidence of neurological disorders catalyzes market growth. The growing geriatric population and the growing product launches for treating neurological disorders propel the market growth.

The stringent regulations of the governments challenge the central nervous system therapeutic market growth. The therapeutic drugs used to treat the central nervous system must go through an approval process. This process is very strict, and various stringent regulations are imposed by the government, which further challenges market growth.

Key Takeaways from the Global Central Nervous System Lymphoma Treatment Industry Study

The extensive R&D efforts, the introduction of novel drug-delivery systems, and the advancements in the drug-delivery systems bolster the market growth.
Process of approval of central nervous system therapeutic and the drugs used to treat central nervous system diseases is very time-consuming, thus restricting the market growth.
Innovation of central nervous system treatment drugs and strategic initiatives adopted by key companies operating in the CNS therapeutics market fuels the market growth.
Therapeutic drugs being used in the treatment of the central nervous system must go through an approval process where these stringent regulations of the governments have been imposed as a challenge to the central nervous system therapeutic market growth.

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Competitive Landscape:

Key players operating in the Global Central Nervous System Lymphoma Treatment Industry include:

Amgen
Reddy’s laboratories
Roche
Bristol-Myers Squibb
Cipla
Merck
Novartis
AbbVie
Fresenius SE & Co. KGaA
Sanofi S.A

Some of the important developments of the key players in the Global Central Nervous System Lymphoma Treatment Industry are:

In September 2020, Australia-based oncology-focused biotechnology company, Kazia Therapeutics Limited entered into collaboration with US-based Dana-Farber Cancer Institute. This collaboration aimed to investigate the use of paxalisib, a new investigational drug by Kazia Therapeutics in the treatment of the Central Nervous System Lymphoma Market.
Pembrolizumab is marketed under the trade name Keytruda by Novartis AG. It is used to treat intraocular melanoma as part of cancer immunotherapy, gently injected in the vein. The immune system can combat the cancer cells strengthened by it. Pembrolizumab targets and blocks the activity of PD-1, a protein present on the surface of some immune cells called the T-cells

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Key Segments Profiled in the Global Central Nervous System Lymphoma Treatment Industry Report

Treatment:

Chemotherapy
Radiotherapy
Steroid therapy
Targeted therapy

End User:

Hospitals
Clinics
Ambulatory surgical centers

Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global High Tibial Osteotomy Plates Industry on Track for a 4.2% CAGR, Poised to Exceed US$ 355.98 Million by 2033 | FMI

The Global High Tibial Osteotomy Plates Industry is set to witness substantial growth, evolving from its estimated worth of US$ 235.91 million in 2023. With a projected Compound Annual Growth Rate (CAGR) of 4.2%, the market is anticipated to surge to an impressive US$ 355.98 million by 2033.

This remarkable growth is fueled by the escalating prevalence of osteoarthritis and other musculoskeletal conditions, particularly among the aging population. The surge in demand for high tibial osteotomy plates is attributed to their pivotal role in surgical procedures aimed at correcting alignment issues in the knee joint. These plates play a crucial role in providing relief to individuals grappling with knee pain and discomfort.

The landscape of orthopedic solutions is rapidly evolving, and the advancements in surgical techniques and technologies are pivotal contributors to the escalating demand for high tibial osteotomy plates. These technological strides facilitate precise and effective procedures, further propelling the market forward.

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Despite the positive growth drivers, the Global High Tibial Osteotomy Plates Industry also faces certain restraints. One key restraint is the high cost associated with the surgical procedure and the materials used in high tibial osteotomy plates. The cost of these plates and the overall surgical procedure can be a barrier for patients, particularly in developing regions with limited healthcare resources and affordability.

Strict regulations and approval processes for medical devices, including high tibial osteotomy plates, may also pose challenges for manufacturers and limit the market growth.

The high tibial osteotomy plates industry presents several growth opportunities. One significant opportunity is the increasing adoption of minimally invasive surgical techniques, such as arthroscopy-assisted high tibial osteotomy, which offers fast recovery, few complications, and better patient outcomes.

The growing demand for personalized and patient-specific high tibial osteotomy plates, made using advanced 3D printing and computer-aided design (CAD) technologies, presents opportunities for customization and innovation in the industry.

The high tibial osteotomy plates industry is witnessing several latest trends that are shaping the market. One prominent trend is the increasing use of bioabsorbable materials in high tibial osteotomy plates. Bioabsorbable plates offer advantages such as the reduced risk of implant-related complications, improved bone healing, and elimination of the need for implant removal surgeries.

Another emerging trend is the integration of digital technologies, such as navigation systems, robotics, and augmented reality, into high-tibial osteotomy procedures for improved accuracy, precision, and patient outcomes.

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Key Takeaways from the Global High Tibial Osteotomy Plates Industry

In 2022, the United States accounted for almost 40% of the market for high tibial osteotomy plates, taking the lead position.
In 2022, Germany held a notable share of about 20% in the high tibial osteotomy plates sector.
In 2022, China is predicted to have a key market share of nearly 30% in the high tibial osteotomy plates sector.
In 2022, Japan had a considerable market share of roughly 15% in the high tibial osteotomy plates sector.
The open-wedge technique segment dominates the high tibial osteotomy plates market, accounting for 53% of the overall market share in 2022.
The metal segment dominates the high tibial osteotomy plate market, which is estimated to reach US$ 322.2 million by 2033.
The hospital segment dominates the high tibial osteotomy plates industry as hospitals are equipped with modern medical technology and give better surgical outcomes for patients.

Outshining the Competition: Global High Tibial Osteotomy Plates Industry Players in the Spotlight

TheGlobal High Tibial Osteotomy Plates Industry is characterized by robust competition with several key players vying for market share. These companies employ various strategies to stay at the top of the market and cater to the growing demand for high-quality medical devices.

The companies have a strong presence in the global market and are known for their technologically advanced products, extensive distribution networks, and established customer base. They invest hugely in research and development to continuously innovate and launch new products to stay ahead of the competition.

With the growing demand for high tibial osteotomy plates, several new entrants are entering the market with innovative products and technologies. These companies are leveraging their expertise in materials science, biomechanics, and medical technology to disrupt the market and gain market share. While they may face challenges in establishing their brand presence and distribution networks, they bring fresh perspectives and innovative solutions to the industry.

The high tibial osteotomy plates industry also faces challenges, including stringent regulatory requirements, increasing competition, and pricing pressures. Companies need to comply with various regulatory standards, such as FDA approvals and ISO certifications.

Recent Developments in the Global High Tibial Osteotomy Plates Industry:

Smith & Nephew Plc. announced in January 2021 that it had successfully paid $240 million for Integra LifeSciences Holdings Corporation’s extremities orthopedics division.
Olympus Corporation bought GROUPE FH ORTHO in November 2020. By extending the distribution of both Olympus’ orthopedic goods through GROUPE FH ORTHO’s current distribution channels and particular products in Japan, the purchase of GROUPE FH ORTHO boosted the sales channels.

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Global High Tibial Osteotomy Plates Industry by Category

By Technique:

Open-wedge technique
Closed-wedge technique
Progressive callus distraction
Chevron osteotomy
Dome technique

By Material:

Metal
Polymer

By End-use:

Hospitals
Clinics
Others

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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Plant Based Pork Market: Forecasted Growth with a Remarkable 24% CAGR by 2033

With a spectacular CAGR of 24% from 2023 to 2033, FMI predicts that the global plant-based pork market could rocket to a value of US$ 1.88 billion in 2023. Additionally, by the year 2033, this industry is projected to reach a staggering US$ 16.72 billion.

The veganism movement is being fueled by the growing environmental and animal rights consciousness among a sizeable portion of the population. People are now looking for meat substitutes as a result of this trend. Many people love pork, thus it’s a popular food.

The negative impacts of pork slaughter have led to the introduction of innovative products as alternatives. Pork made from plants is one such substitute. As a result, the market is likely to have plenty of room to develop as the use of plant-based meats as an alternative grows in popularity.

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The market is anticipated to be driven by growing consumer interest in plant-based diets and increased awareness of animal rights owing to numerous welfare groups. Vegan diets, in which people live vegetarian lifestyles free of animal-based foods, increasingly include plant-based meat as an essential component.

Veganism is becoming more popular among consumers for ethical and health reasons, while vegetarianism is becoming increasingly popular among customers who want to avoid animal cruelty and consume sustainable food and beverage options.

Increasing mushroom production and consumption, including that of oyster and button mushrooms, among others, is expected to also fuel market expansion in the years to come. The market is projected to rise during the projected period as a result of rising demand for goods made of plant-based ingredients such as tofu, soy, seitan, jackfruit, and others.

Overindulging in pork can result in diet-related disorders such as obesity, type 2 diabetes, heart disease, and several other malignancies. On the other hand, eating meat made from plants doesn’t result in these illnesses. Moreover, they support stronger immunity. Consumer attention is being drawn to a variety of significant considerations, including the nutritional advantages of plant-based pork and its safety when compared to traditional hog meat.

Pork products made from plants are largely taking the place of traditionally processed pork items like burgers and sausages. Pork made from plants has lower amounts of saturated fat, cholesterol, and calories than meat made from animals. They frequently have greater concentrations of micronutrients like calcium, zinc, and press.

North America led the market and generated the leading revenue share in 2022, and it is anticipated that it could continue to do so for the duration of the forecast period. Increased usage of vegetarian meat products and growing consumer awareness of the dangers of ingesting tainted meat products are both credited with driving market growth in this region. In reaction to the higher demand for plant-based foods, including plant-based meat, consumer perceptions of food sustainability and safety are likely to change even further.

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KEY TAKEAWAYS

The market in the United States has grown significantly in 2022 holding a 27.1% share of the global market.
The market in China is expected to grow at a CAGR of 16.7% over the forecast period.
The market in the United Kingdom is anticipated to grow at a CAGR of 19.7% through 2033.
With a CAGR of 14.3% over the forecast period, India is predicted to grow rapidly in the market.
Germany accounted for 11.2% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the plant-based pork market are Impossible Foods, Inc., Gardein by Conagra Brands, Cargill, Inc., Smithfield Foods, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd., and others.

To fulfill rising customer demand for eco-friendly and meatless options, producers in the plant-based pork industry are creating new products. They are developing products that resemble the flavor, texture, and look of pork using a range of plant-based components, including soy, wheat, and pea protein. To accomplish the rising demand for sustainable and healthier food choices, they are investing in research and development to create novel plant-based pork products. In order to increase their distribution and increase customer access to their products, they are also collaborating with eateries and stores.

RECENT DEVELOPMENTS

In September 2021, Impossible Foods confirmed the commercial launch of their Impossible Pork Made From Plants, which is currently available at restaurants in Hong Kong.
In May 2021, Tyson Foods’ portfolio of plant protein products was expanded with three new products to meet the growing need for sources of plant-based protein. The company now sells Italian, ground, and Bratwurst sausages made from distinctive plant-based components.

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Plant-based Pork Market by Category

By Distribution Channel, Plant-based Pork Market is Segmented as:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Food Services

By Source, Plant-based Pork Market is Segmented as:

Soy-based Protein
Wheat-based Protein
Pea-based Protein

By Product Type, Plant-based Pork Market is Segmented as:

Burger Patty
Crumbles & Grounds
Sausages

By Region, Plant-based Pork Market is Segmented as:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Plant-Based Beef Market: Projected to Reach US$ 26.9 Billion by 2033, with a Strong CAGR of 20.6%

According to recently published market study data on plant-based beef, the industry is anticipated to grow at a CAGR of 20.6% in value from 2023 to 2033, from an expected market value of US$ 4.1 billion in 2023 to US$ 26.9 billion.

The recent changes in the global food and beverage industries demonstrate the rise of plant-based alternatives, which has caused upheaval. Companies across the board are heavily investing in developing and purchasing new goods and brands that will fuel the growing consumer demand for plant-based beef products.

Plant-based meat is quickly becoming one of the most popular, healthful, and environmentally friendly ways to eat. This is owing, in part, to the abundance of novel plant-based meat alternatives that mimic meat products in flavour, texture, mouthfeel, and behaviour.

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Key Takeaways from the Plant Based Beef Market Study

Future Market Insights (FMI) forecasts impressive growth of the Plant Based Beef market at over 22.7% CAGR between 2022 and 2032 Based on the source, the soy-based protein segment holds the dominance in the market for plant based beef, while wheat-based protein segments are expected to grow prominently in the forecasted period of 2022-2032.

According to product category, the burger patty segment dominates the market for plant-based beef. As substitute protein acquires market traction as a result of increased consumer knowledge about the environmental impact of food choices, the bulk of the population is changing towards plant-based beef, which is projected to gain traction in the near future. Companies across the board are significantly investing in developing and purchasing new products and brands, which will help to fuel the growing consumer demand for plant-based beef products.

New Product Development Fuelling Plant-Based Products Demand

Product development in the frozen, chilled, and ambient categories has been facilitated by rising demand for novel products. This invention provides consumers with a broader range of brands and goods, allowing plant-based beef to gain shelf space and recognition.

UK is the global leader for vegan food launches. In 2019 approximately 18% of new food launches were vegan. Tesco has developed wicked kitchen range of meat-free products.

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Who is winning?

A few of the leading players operating in the Plant Based Beef market are Impossible Foods, Inc., Gardein by Conagra Brands, MorningStar Farms, Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc., Sotexpro SA, Crown Soya Protein Group, Puris Proteins, LLC, Ingredion Inc, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd. and other players.

Several leading manufacturers of Plant Based Beef are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of Plant Based Beef are investing in research and development to produce organic, non-GMO ingredients for Plant Based Beef.

Key Segments in Plant-based beef meat Market

By Source?

Wheat
Pea
Quinoa
Oats
Beans
Nuts
seeds

By Product

Plant-based beef jerky
Plant-based beef patty
Plant-based beef pot pie
Plant-based beef stew
Plant-based beef strips

By Process

Mixing
Blending
Forming/Shaping
Freezing Systems
Storage

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Frequently Asked Questions
What is the plant-based beef market size?
At what rate did the plant-based beef Market Expand in The Last Five Years?
What are the key factors driving Plant-based beef market demand?
What is the United States Plant-based beef Market Outlook?
Which Countries are the highest consumers of Plant-based beef?
Which is the Highest-Grossing Region in the Global Plant-based beef Market?

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)

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

Global Persistent Epithelial Defect Management Industry Predicted to Achieve Remarkable 18% CAGR, Surpassing US$8.5 Billion by 2033 | FMI

Future Market Insights, a leading market intelligence firm, reveals groundbreaking insights into the future of the Global Persistent Epithelial Defect Management Industry, projecting a substantial rise in market valuation. The latest report anticipates a robust 18% Compound Annual Growth Rate (CAGR) until 2033, culminating in a staggering US$ 44.49 billion valuation.

The comprehensive PED market report by Future Market Insights unveils a detailed analysis of current treatment practices, emerging drugs, and the market share of individual therapies. Spanning the period from 2018 to 2030, the report provides a segmented outlook across seven major markets. It delves into the nuances of the current PED symptoms treatment practices and algorithms, offering valuable insights for healthcare professionals, researchers, and industry stakeholders.

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The increasing partnerships and collaborations between numerous companies boost market growth. For instance, in October 2017, Bio-Tissue entered a strategic agreement with Optima Pharmazeutische GmbH, a pharmaceutical company that offers otorhinolaryngology, ophthalmology, and pneumology products. This agreement helps the company to distribute its Natural Ocular Cleanser in Germany. Thus, all these collaborations boost the growth of the market. Also, the increasing demand for hospitals surges the market grows rapidly. Most chronic disease diagnostics are majorly performed in hospitals since they are very complex and it requires technologically advanced products and thus this is boosting the market for hospital/clinical laboratories.

The enormous expenditure that is required for setting up these techniques hinders market growth. Numerous market players make huge investments in installing new and advanced machines to faster the process and in return, the cost is increased. This persistent corneal epithelial defects treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

North America’s persistent epithelial defects treatment market is expected to witness significant growth during the forecast period. The market was valued at US$ 98.8 million in 2021 followed by the Asia-Pacific persistent epithelial defects treatment market is projected to witness significant growth during the forecast period. The market was valued at a CAGR of around 17.7% in the mentioned forecast period.

Key Takeaways from the Global Persistent Epithelial Defect Management Industry Study

The global Persistent Epithelial Defect Management Market is predicted to rise with a steady 18% CAGR from 2023 to 2033.
The value of the North American region is US$ 98.8 million from 2023 to 2033.
By 2033, the global Persistent Epithelial Defect Management Market is projected to reach a market size of US$ 49 Billion.
An increase in partnerships and collaborations between numerous companies boosts market growth.
North America’s market was valued at US$ 98.8 million in 2021 followed by the Asia-Pacific market was valued at a CAGR of 17.7%

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Competitive Landscape

Some of the top players in the Global Persistent Epithelial Defect Management Industry are:

Dompe Farmaceutici
OcuNexus Therapeutics
Eyevance Pharmaceuticals
Noveome Biotherapeutics
RegeneRx Biopharmaceuticals
Recordati Rare Diseases
Mimetech
Johnson & Johnson Services Inc.
Bausch Health Companies Inc.
Integra Lifesciences

Some of the important developments of the key players in the Global Persistent Epithelial Defect Management Industry are

Kala Pharmaceuticals Acquires Combangio, Expanding its Pipeline with a Clinical-Stage Novel Biologic for the Treatment of Persistent Epithelial Defect (PED) and Other Rare Ocular Surface Diseases.
Nexagon: OcuNexus Therapeutics, Eyevance PharmaceuticalsNexagon has a market advantage in the US, as it received orphan drug designation from the FDA. It is being developed by OcuNexus Therapeutics in partnership with Eyevance Currently, the drug is under phase II studies for PED.

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Key Segments Profiled in the Global Persistent Epithelial Defect Management Industry Report

Disease Type:

Epithelial/Limbal
Inflammatory Disease
Neurotrophic Disease
Others

End User:

Hospitals/Clinical Laboratories
Physician Offices
Reference Laboratories
Other End Users

Region:

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

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Nandini Singh Sawlani

Bulk Food Ingredients Market: Exploring Growth Trajectories, Market Dynamics, and Future Opportunities

The bulk food ingredients market is expected to be valued at US$ 736.90 billion in 2023 and to reach US$ 1,071.8 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 3.9%.

The Bulk Food Ingredients market is expanding rapidly as the food sector adopts more cost-effective and efficient sourcing practises. Bulk food components provide practical solutions for reducing waste and guaranteeing reliable supply chains. The global demand for processed foods and convenience items is driving the market’s rise.

As a result of increased urbanisation in emerging economies, the packaged food industry sees chances for innovation. This reason is prompting food makers to release new products that meet changing consumer expectations, which is increasing demand for premium bulk food components.

Customers’ growing preference for plant-based ingredients and cleaner labelling are also influencing demand for premium bulk food components. Veganism, keto, and glutton-free diets will drive up demand for luxury processed goods. As a result, during the review phase, demand for premium bulk food components is projected to increase.

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Besides this, high consumption of ready meals due to hectic schedules and increasing per capita expenditure are urging brands to expand production operations to meet the growing consumers’ demand, which in turn is augmenting the bulk food ingredients market growth.

“Convenience and longer shelf life associated with packaged food are propelling sales in the market. Apart from this, sales of bulk food ingredients through online channels, along with demand for gourmet and ready-to-eat meals will continue augmenting market growth,” says the FMI analyst.

Key Takeaways:

Processed herbs and spices will generate the most revenue throughout the projection period, according to product type. The use of bulk food items in prepared meals will keep gaining popularity. Due to the existence of important stakeholders, there will likely be a significant demand for bulk food ingredients in the United States. The high desire for upscale sauces and condiments in the U.K. is expected to boost growth opportunities. With rising sales of quick global cuisines, China is predicted to become a lucrative industry. The rising popularity of ready-to-eat meals is predicted to increase demand for bulk food ingredients in India. The market share for Japan and South Korea will be 6.2% and 4.8%, respectively.

Competitive Landscape

DuPont, Archer Daniels Midland Company, Cargill Foods Inc., Tate & Lyle PLC, Associated British Foods plc, Olam International, Ingredion Incorporated, EHL Ingredients, Wilmar International, Suntory, Koninklijke DSM N.V., Symrise AG, Kerry Group Plc, Bunge Limited, Ajinomoto, George Weston, Sysco Corporation, Conagra Brands and Kirin Holdings and CHS Ltd. are among the leading players operating in the bulk food ingredients market.

As a part of their growth strategies, key stakeholders in the bulk food ingredients market are enhancing their product portfolios to improve sales. Besides this, mergers, acquisitions, and production facility expansions will gain high significance during the forecast period. For instance:

In April 2021, Olam Food ingredients acquired Olde Thompson, a private label manufacturer of dry spices and seasonings, from private equity firm Kainos Capital for US$ 950 Mn. The acquisition marked a 15-yearlong partnership with Olde Thompson to supply premium retail spice solutions to major US retailers. In July 2021, Ingredion, Inc., unveiled a new textured protein at the Institute of Food Technologists’ FIRST virtual conference. The company added VITESSENSE TEX Crumbles 102 protein to its wide range of plant-based solution for the United States and Canada.

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Bulk Food Ingredients Market by Category

By Product Type:

Vegetable Oil
Sea Salt
Sugar & Sweeteners
Tea, Coffee & Cocoa
Flours
Processed Grains, Pulses & Cereals
Dried Fruits & Processed Nuts
Processed Herbs & Spices

By Application Type:

Bakery & Confectionery
Beverages
Meat & Poultry
Sea Food
Ready Meals
Dairy Products
Snacks & Savory
Sauces & Dressings and Condiments
Frozen Foods

By Region:

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

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Key Questions Answered in the Report

What is the current bulk food ingredients market value?

The bulk food ingredients market reached a valuation of US$ 771.6 Bn in 2021.

At what rate did the bulk food ingredients market grow between 2016 and 2020?

The bulk food ingredients market experienced modest growth, exhibiting a 4.30% CAGR between 2016 and 2020.

What are the key trends driving bulk food ingredients sales?

Growing demand for instant food products and ready meals, coupled with longer shelf life and convenience offered by processed food is driving the bulk food ingredients market.

Who are the leading players in the Bulk food ingredients market?

Leading players operating in the bulk food ingredients market include DuPont, Cargill Foods Inc., Archer Daniels Midland Company, Associated British Foods plc and Koninklijke DSM N.V.

What is the current market share of Japan and South Korea in the global bulk food ingredients market?

Japan and South Korea will collectively account for 6.2% and 4.8% of the total market share respectively.

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)

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

Plant-based Chicken Market: Navigating Growth Avenues and Emerging Trends in the Global Landscape

The plant-based chicken market is expected to record a CAGR of 18.4% from 2023 to 2033, from US$ 2,325.4 million in 2023 to US$ 12,601.0 million by 2033.

Plant-based chicken, also known as vegan chicken or meatless chicken, is a revolutionary product that has taken the culinary world by storm. Created using innovative plant-based technologies, this alternative to traditional chicken offers a delectable and sustainable choice for consumers seeking to reduce their meat consumption.

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The world’s increased protein intake is the primary driver of the worldwide plant-based chicken business. Owing to the increased protein consumption, producers are more likely to offer consumers a selection of novel plant-based chicken products as an alternative to actual chicken. Plant-based chicken is gaining popularity since it tastes and looks like chicken pieces, nuggets, and steaks.

Several government restrictions prohibiting animal slaughter in various nations are assisting the global market’s growth. The global market for plant-based chickens is advancing due to increased concern over maintaining the ecosystem’s equilibrium. Rising per capita and disposable income in developing countries is likely to promote global market growth. Increasing affluence leads to a better quality of life, and in emerging countries, a high level of living has boosted the market consumption of plant-based chicken. As people’s health knowledge grows, consumer tastes are shifting away from animal products and towards organic products.

This shift prompted the plant-based chicken business to broaden its menu and develop new items. Manufacturers have created appealing and eco-friendly food packaging in order to attract customers and expand their consumer base, consequently driving the global market growth.

This plausible link encourages customers to switch from animal products to herbal items. The increased popularity of organic products on social media and other print media is expected to drive the worldwide plant-based chicken market during the forecast period.

Key Points from the Plant-based Chicken Market

The market is expected to surpass US$ 12,601.0 million by 2033.
Growing concerns about animal cruelty, combined with the advent of the meat 2.0 revolution, are likely to provide the global plant-based chicken market the most traction in the coming decade.
Plant-based chicken market is expected to record a CAGR of 18.4% during the forecast period.
North America dominated the plant-based chicken market.

Key Development in the Plant-based Chicken Market

July 2019 – Dunkin Donuts announced to serve breakfast sandwiches made with the Beyond Meat brand of meatless sausage products throughout Manhattan, New York.
October 2020 – Impossible Foods Inc. expanded its presence in the market in Canada with the introduction of its flagship product, the Impossible Burger. The product is offered in about 600 Sobeys family shops as well as through the retailer’s online grocery home delivery service.
September 2020 – Beyond Meat introduced its new product, Beyond Meatballs, in grocery stores across the United States. This product met consumer demand for nutritious and simple-to-prepare plant-based food.
September 2020 – Planterra Foods inked a three-year relationship with the NFL team Denver Broncos. As a result of this collaboration, the OZO brand was designated as the Denver Broncos’ Plant-Based Food Option.
September 2020 – Beyond Meat Food Co. Ltd., a subsidiary of Beyond Meat, signed a deal with Jiaxing (China) Economic and Technology Development Zone to design and develop manufacturing facilities.

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Key Segment

Product Type:

Burger Patty
Crumbles & Grounds
Sausages
Hot Dogs
Nuggets
Bacon Chips
Deli Slices
Chunks & Tips
Shreds
Cutlet
Strips, Tenders, & Fingers
Meatballs (Meatless)

Source:

Soy-based Protein
Wheat-based Protein
Pea-based Protein
Canola-based Protein
Fava Bean-based Protein
Potato-based Protein
Rice-based Protein
Lentin-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 Sectors)

Region:

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

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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)

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

Pulses Market: Expected to Surpass US$ 122,891.9 Million by 2033 – Exploring Growth Drivers, Market Dynamics

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)

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