Market Research Blog – Page 3809 – New Product Development

Nourishing Growth in the Spirulina Extracts Market – Trends, Opportunities, and Market Dynamics

The global Spirulina Extract market is estimated at USD 58.9 million in 2024, set to burgeon at a remarkable CAGR of 14.8% from 2024 to 2034. Spirulina Extracts, rich in peptides and phytonutrients, have transcended traditional dietary boundaries, emerging as a versatile ingredient in skincare products. The market is poised to reach a valuation of USD 234.8 million by 2034, driven by the multifaceted benefits of Spirulina Extracts, including skincare, dietary supplements, and beyond.

The Spirulina Extracts market has witnessed remarkable growth in recent years, driven by the increasing demand for natural and sustainable nutritional products. Spirulina, a nutrient-rich blue-green algae, boasts an array of health benefits, including its high protein content, antioxidants, vitamins, and minerals. As consumers gravitate towards plant-based diets and eco-friendly alternatives, spirulina has emerged as a go-to superfood.

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Spirulina Extract Market Trend Analysis:

Functional Foods Surge: The market capitalizes on the growing consumer interest in functional foods, with Spirulina finding its way into snacks, beverages, and supplements.
Plant-Based Diet Influence: Spirulina Extracts, being a rich source of plant-based protein, align with the rising demand for vegetarian and vegan alternatives, influencing market growth.
Clean Label Demand: Increasing preference for natural food colors, coupled with clean label trends, propels Spirulina Extracts into the limelight.

Key Developments

Germany leads the pack: With a sizeable 33.0% share, Germany has the greatest market share among the listed nations in the spirulina extracts industry. This shows that there is a significant market for spirulina-based goods in the nation, driven by things like health consciousness and a preference for natural and sustainable options.
Increasing stature in the US: With a market share of 32.0%, the US ranks second to Germany. This demonstrates how spirulina extracts are becoming more and more popular in the United States as people become more aware of the health advantages of consuming it. The convenience and ready-to-eat food trend also helps the nation’s market expand.
Emerging market prospects in China and India: With respective market shares of 8.7% and 6.4%, China and India both have sizable market shares. These developing nations’ disposable incomes are rising quickly, and their populations are becoming more health concerned. Manufacturers of spirulina extracts now have excellent growth potential to enter these enormous consumer markets.
Limited market presence in Japan and Australia: With market shares of 6.6% and 1.5%, respectively, Japan and Australia currently have lower market penetration. The rising demand for natural and useful food products, however, means that these nations still have opportunity for growth. There is potential for the spirulina extracts market to grow in these areas as consumer awareness rises.
Promising growth in the UK: The UK’s 7.0% market share suggests that there is a steady demand for spirulina extracts. Consumers are actively looking for novel and sustainable dietary options as the health and wellness movement continues to take hold in the nation, creating potential growth prospects in the market.

Competitive Landscape

The market for spirulina extracts is characterized by intense rivalry, with a few key manufacturers controlling a sizeable portion of the industry and enjoying great brand awareness. These established firms have strong distribution networks, which ratchets up the market’s rivalry. Although there is competition, the market is nonetheless profitable and continues to draw new players and investment. It is important to note that enterprises trying to get a footing in the industry have difficulties due to the high cost of marketing.

Cyanotech Corporation

Spirulina extracts are produced in large quantities by Cyanotech Corporation, one of the industry leaders. The business has been operating for more than 30 years and has a well-known brand in the marketplace. Spirulina extracts are available from Cyanotech Corporation in a variety of forms, including powder, liquid, and capsules.

Earthrise Nutritionals

This esteemed manufacturer of spirulina extracts is another. The business, which was established in 1990, places a big emphasis on sustainability. Spirulina extracts are available from Earthrise Nutritionals in a variety of forms, including powder, liquid, and capsules.

Phycom

In Europe, Phycom is a top manufacturer of spirulina extracts. The business was established in 1995 and places a big emphasis on research and development. Spirulina extracts are available from Phycom in a variety of forms, including powder, liquid, and capsules.

Algaetech International

The business was established in 2000 and places a big emphasis on quality control. Spirulina extracts are available from Algaetech International in a variety of forms, including powder, liquid, and capsules.

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Key Developments

Growing popularity of vegan and sustainable diets: The market for spirulina extracts is expanding as people place more emphasis on healthy, plant-based diets. Being a plant-based protein source, spirulina fits the criteria of consumers looking for environmentally beneficial and sustainable food solutions. Younger generations, who place a higher priority on food choices that promote health, sustainability, and ethics, are particularly affected by this trend.
Technology developments in extraction and processing: The market for spirulina extracts is expanding as a result of ongoing technological advancements in extraction and processing. Higher yields and better product formulations are the outcome of these improvements, which improve the effectiveness and calibre of spirulina extraction. These technological advancements make it possible for producers to fulfil the increasing demand for spirulina extracts while preserving the nutritional content, purity, and integrity of their products.

Key Segments in the Spirulina Extracts Market

By Nature:

Organic
Conventional

By Application:

Beverage
- Milk Drinks & Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee & Cocoa
- Tea
- Energy Drink
- Juice Based Drinks
- Flavored water
- Enhanced Water
- Sparkling Waters
Bakery, Snacks, & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies
- Biscuits & Cones
- Frosting / Icing
- Crackers & Savory Snacks
Candy / Confectionery
- Panned Candy
- Chocolate & Compound Coating
- Gummies
- Chewing Gum
- Jellies & Licorice
- Sprinkles & Sugar
- Hard Candies / Boiled Sweets
Dairy
- Cheese
- Ice Cream
- Milk Drinks & Milk Alternatives
- Pudding / Custard
- Dips & Spreads
- Yogurt
Fruit Preparations / Fillings
Meat, Poultry, Fish, & Eggs
- Casings
- Egg & Egg Substitute
- Fish / Seafood
- Jerky
- Meat Substitute
- Processed Meat & Poultry
Potatoes, Pasta, & Rice
- Pasta
- Potato Chips / Crisps
- Processed Potatoes
- Rice
Sauces, Soups, & Dressings
- Asian Sauces
- Barbecue & Steak Sauce
- Condiments
- Gravy / Dry Sauce Mix
- Marinade
- Oils & Dressings
Seasonings
- Batter
- Breading and Coating
- Bouillon / Soup Base / Stock
- Liquid Smoke
- Spice Blends / Dry Seasonings
Pet Food
- Extruded / Dry Pet Food
- Snacks / Treats
- Wet Food

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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About Future Market Insights (FMI)

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

Contact Us:

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Plant-Based Meatballs Market: Shaping the Future of Plant-Based Cuisine Market Trends, Growth Factors, and Consumer Preferences

The global plant-based meatballs market stands at a valuation of US$ 138.2 million in 2023, and is predicted to expand rapidly at a prodigious CAGR of 18.3% from 2023 to 2033, reaching US$ 391.2 million by 2033.

Public awareness of plant-based non-vegetarian alternatives is growing quickly, and more consumers demand these products due to the medical advantages, such as the prevention of non-communicable diseases, digestive problems, and obesity.
People worldwide are preferring plant-based alternatives to animal flesh due to the detrimental effects on the environment and ethical shortcomings in the production of meat, which is supporting market growth.

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Manufacturers of plant-based meatballs are attempting to gain a leading market share with their diversified products range, while also being conscious of the negative environmental effects of animal agriculture. Moreover, customers benefit from the availability of reasonably priced plant-based meat replacements. The growing popularity of veganism increases sales as more people become aware of its health benefits.

Key Takeaways

By 2033, the United States is expected to show high potential in the plant-based meatballs market, with a size of US$ 391.2 million and a CAGR of 18.3%.
The plant-based meatballs market was significantly expanding, with a size of US$ 120 million in 2022.
Market shows amazing opportunities due to great medical benefits, and expects an absolute growth of US$ 253 million during the forecast period.
The expansion in China is anticipated to expand at an adequate CAGR of 18.4% by 2033.
By 2033, Germany is likely to expand in the plant-based meatballs market, with a size of US$ 31.3 million.
By 2033, the plant-based meatballs sector is likely to increase in Spain, with a size of US$ 13.3 million.
The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 16.5% by 2033.
Based on the product type, the plant-based chicken expects a CAGR of 16.3% by 2033.
Based on source, the soy protein segment continues to dominate the sector during the forecast period, with a CAGR of 17.2%.
Based on the distribution channel, the HoReCa continues to dominate the sector during the forecast period.

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Key Strategies in the Industry

The market is expanding, and producers are seizing this chance. To enhance their market share and leave their mark, they have established lofty targets. There are several alternatives available to manufacturers when it comes to designing a competitive product.

Making the product taste as much like a typical meatball as possible is a top priority for producers. Finally, when developing their product, producers focus on consumer health. For plant-based meatballs to succeed, they must be nutritionally equivalent to traditional meatballs. This calls for the use of wholesome and nutrient-dense ingredients by manufacturers.

Recent Developments

In order to increase its manufacturing capacity in Europe, Beyond Meat announced the purchase of a new manufacturing facility in Enschede, the Netherlands, in June 2020. KFC and Beyond Meat have partnered to distribute KFC’s plant-based fried chicken in the UK.
The new INCOGMEATO™ Plant-Based Ground Package from Kellogg’s is made with 100% plant protein from plant-based ground and contains 48% less saturated fat.
Burger King and Impossible Foods have teamed up to introduce the Impossible Whopper in the US.
A new line of vegan and gluten-free protein nuggets has been introduced by NUGGS.
For the introduction of its plant-based breakfast sandwiches, Field Roast Grain Meat Co. has teamed with Starbucks.

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Key segments

By Product Type:

Plant Based Chicken
Plant Based Beef
Plant Based Pork

By 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

By Distribution Channel:

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

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China Outbound MICE Tourism to US Market, Aiming for a Remarkable US$ 112.39 Billion by 2033 with a Stellar 13.2% CAGR | FMI

The global China outbound MICE tourism to US market is worth US$ 32.53 Billion as of now and is expected to reach US$ 112.39 Billion by the year 2033 at a notable CAGR of 13.2% between 2023 and 2033.

The UNWTO states that China ranks 4^th worldwide regarding the number of outbound tourists (57 Million) staying overnight at a foreign destination. Spain, the US, and France come in later. More than 60% of the overseas tourists all across China are reported to be the Asian economies, ~10% from the American economies, and ~20% from the European economies.

Sustainability is the hotspot for any of the businesses. This goes to say that any of the events that are unsustainable would be out of race. Authenticity is another factor to be looked through.

Though things look good at the outset, the fact that the US-China political relations have strained in the past few years can’t be ignored. This could definitely compel the Chinese population to think twice before venturing into anything related to the US.

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The post-Covid era has put China on the radar for an indefinite time-span. Ideological differences always existed between China and the US; but the outbreak of Covid has worsened the things. These factors could act as the major restraints to China Outbound MICE Tourism to US in the forecast period. It would certainly take time for China to be on conversational terms with the US.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘China Outbound MICE (Meetings, Incentives, Conferences, and Exhibitions) Tourism to US Market’. It has its team of analysts and consultants to execute with a bottom-up approach along macros and micros.

“With the US showing readiness toward capitalizing on China’s MICE Tourism sector, China Outbound MICE Tourism to US market is expected to grow on an unprecedented note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from China Outbound MICE Tourism to US Market

With more of the Chinese population travelling overseas for work and pleasure alike, there is a greater scope for growth of China Outbound MICE Tourism to US Market in the near future.
The US, owing to a broad range of hotels, venues, and activities coupled with established infrastructure, is a preferred MICE travel destination. It is, in fact, popular for exhibits and conferences due to it being home to various multinational organizations and corporations.
The Chinese citizens are moving toward financial stability. This increases the likelihood of them traveling abroad for leisure and business.

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Competitive Arena

The US-based companies, with the objective of attracting Chinese MICE tourists, are providing recreational and cultural activities like sporting events, food and wine experiences, city tours, and likewise. They are emphasizing on fostering partnerships with the key players in China for offering end-to-end, customized travel solutions. Investments in technology-driven and digital services like VR and mobile applications is there to add.
Of late, the companies have been eying high-end luxury MICE sector; thereby making way for personalized and exclusive travel experiences like five-star hotels, private jets, and various bespoke activities. This could be credited to growing demand for luxury MICE travel amongst the rising standards of middle class population of China.

What does the Report say?

The research study is based on age (under 15, 16-25, 26-35, 36-45, 46-55, and over 55), by event type (meetings, incentives, conferences, and exhibitions), by demographics (female, male, and kid), by nationality (international and domestic), by booking channel (online booking, phone booking, and in-person booking), and by type (premium, standard, and budget).
With growing demand for outbound tourism from China’s middle class, China Outbound MICE Tourism to US Market is expected to grow on a remarkable note going forward.

China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to US Market by Category

By Age:

Under 15
16-25
26-35
36-45
46-55
Over 55

By Event Type:

Meetings
Incentives
Conferences
Exhibitions

By Demographic:

Male
Female
Kid

By Nationality:

Domestic
International

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Type:

Budget
Standard
Premium

Delivering Excellence in the Digital Age – Insights into the Online Food Delivery Services Market

During the forecast period 2022-2032, the online food delivery services market is expected to grow at a value of 9.8% CAGR, according to Future Market Insights. By the year 2032, the global market for online food delivery services is expected to rise up to a market valuation of US$ 97,291.58 Million. Consumers’ exposure to online services is increasing at a rapid pace. Because of increased internet penetration and drastically improved smartphone accessibility, consumers may now use a plethora of food delivery apps, which is expected to promote sales in the doorstep meal delivery business.

Significant funding in the food transportation sector creates market growth potential. Aside from these expenditures, other changes in client tastes are also influencing market development. For example, the demand for fresh food, quick home delivery, and convenience is driving up the adoption of online meal delivery services. Millennials are also growing interested in online meal delivery services.

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Though the business is still in its early stages, many factors such as changing pricing strategies and the availability of multiple meal delivery service platforms are projected to boost competition. Furthermore, when there is a high volume of food orders, the quality of the food delivered degrades, necessitating the need of additional resources to furnish the meal. As a result, the inability of restaurants to accept multiple deliveries and difficulties in dealing with quantity are limiting business growth. In contrast, the advent of virtual restaurants and delivery-only kitchens is expected to provide significant market growth potential throughout the projection period.

Key Takeaways from the Market Study

In 2022, the global online food delivery services market is estimated to have a global market size of US$ 38,200 Million
In 2022, the platform to consumer category by delivery type is expected to occupy a 55% market share
By channel type, the mobile applications segment is projected to hold a global market share of 35% in 2022
By payment type, the online transactions are expected to account for 82% of the worldwide market in 2022.
The U.S online food delivery services market is expected to gain a global market share of 90% in 2022 and 8% CAGR during the forecast period.
The Indian region is expected to grow rapidly with a global market share of US$ 17,050 Million by 2022.
During the forecast period, the German market for online food delivery services will exhibit a 9.8% CAGR.

“The growing use of smartphones and internet penetration are driving market expansion, which allows customers to order food from a variety of restaurants. This helps to drive market growth,” comments a Future Market Insights analyst.

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Competitive Landscape

Market participants are focusing their efforts on strategic alliances, mergers and acquisitions, and corporate expansions to increase their market position.

Uber Systems Inc. finalized its acquisition of Drizly in 2021, with the two businesses beginning to integrate their complementing delivery technologies and services the following year.
Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery company, announced a USD 40 billion merger with Altimeter Growth Corp. in 2021. Investors including BlackRock (BLK.N), Temasek Holdings, Fidelity International, Mubadala Abu Dhabi, and Malaysia’s Permodalan Nasional Bhd will participate in a $4 billion private investment in public equity offering as part of Singapore-based Grab’s agreement with the Altimeter Capital-backed SPAC.
In 2021, Delivery Hero increased its footprint in Central America and the Caribbean by acquiring Hugo’s food and grocery delivery verticals.
Uber has agreed to pay $2.65 billion for Postmates, a meal delivery startup, in 2020, as it attempts to expand its foothold in on-demand food delivery while its primary ride-hailing business declines.

Key Segments

By Delivery Type:

Restaurant-to-Consumer
Platform-to-Consumer

By Channel Type:

Website/Desktop
Mobile Application

By Payment Method:

Cash On Delivery
Online

By Region:

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
The Middle East & Africa

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Crafting Success Stories in the Ready-To-Drink Tea Market – Emerging Trends, Market Dynamics, and Growth Strategies

The ready-to-drink (RTD) tea market is registering a valuation of US$ 34.3 billion in 2023 and is estimated to reach US$ 72.9 billion by 2033. The market is capturing a CAGR of 8% during the forecast period.

Growing Popularity of Green Tea Upsurge the Global Market?

People are fond of green tea, which is increasing the global market during the forecast period. The rising consumer awareness of health benefits and weight control with antioxidant properties is fueling the global market. Therefore, many consumers are adopting green tea into their daily routines.

The increasing demand for portable and convenient ready-to-eat drinks drives the global market. Consumers enjoy their cups of ready-to-drink tea with natural ingredients that promote sustainability and reduce toxicity. The changing consumer’s lifestyle, busy schedules, and easy-to-drink changing habits are increasing the adoption of ready-to-drink tea.

Increasing demand for organic, natural, and various flavored ready-to-drink tea drives the global market. The manufacturers offer ready-to-drink green tea in various flavors, including herbs, fruits, and spices. According to taste and habit, consumers can find their preferred tea.

The growing awareness of healthy digestion, an active body, and better stamina, the demand for green tea is flourishing in the global market. Growing innovations, research and development activities, and promoting sustainability are advancing the global market.

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Key Takeaways:

The ready-to-drink (RTD) tea market is predicted to register a CAGR of 8% with a valuation of US$ 72.9 billion in 2033.
In the historical period, the market secured a valuation of US$ 33.0 billion in 2022.
The United States is estimated to lead the global market by securing a share of 2.7% by 2033.
Germany is significantly growing the global market size by capturing a share of 4.9% during the forecast period.
With a share of 3.2%, Japan is anticipated to drive the global market during the forecast period.
Australia is projected to capture a share of 2.7% in the global market by 2033.
How Key Players are Advancing the Global Market?

Key players are advancing the global market through various steps such as:

Product Innovation: Key players focus on providing innovative and unique products that attract consumers’ requirements. These key players are introducing fresh flavor products such as herbs, spices, and tea products with natural ingredients with health benefits.
Marketing and Branding: Key players are expanding their business through marketing and branding their products on various channels. These channels include online platforms, retail shops, and social media campaigns. Through these, relevant audiences can connect quickly and increase their sales volume.
Packaging and Convenience: Key players invest in simple, convenient, attractive packaging. This packaging can preserve goods for long life without toxicity and harmful chemicals.
Focus on Wellness and Health: With rising consumer demand for healthy drinks and ready-to-drink, key players develop functional ingredients. These functional ingredients include vitamins, antioxidants, and adaptogens, advancing market growth.

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Recent Developments in the Global Market are:

Coca-Cola is a significant company that offers ready-to-drink tea. Recently, the company launched Gold Peak, Honest Tea, and Fuze Tea to expand its business portfolio.
Arizona Beverage Company launched its new ready-to-drink tea, Arnold Palmer Half & Half. The company expands its business portfolio through online platforms and distribution channels.

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Ready to Drink (RTD) Tea Market by Category

By Product Types:

Herbal
Black tea
Green tea
Others

By Sales Channel:

Direct Sales
Indirect Sales

By Region:

North America
Europe
Latin America
Asia Pacific
Middle East Africa

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Navigating the Omega-3 Market Landscape – Trends, Opportunities, and Industry Dynamics

The global omega 3 market is valued at US$ 9.3 billion as on 2023, and is expected to hit a valuation of US$ 22.02 billion by 2033. The market is expected to grow at a CAGR of 9% during the forecast period.

The consumption of omega 3 has improved the condition of heart for a lot of patients who were having high levels of triglycerides and BP. This is expected to increase the demand for omega 3 during the forecast period.

Furthermore, the healthcare experts have also pointed out that the consumption of omega 3 rich food also avoids the formation of blood clot.

Moreover, even the dermatologists recommend the adoption of omega 3. It is because of the fact that these help in moisturizing the skin, and avoid the scenario of psoriasis. This might as well surge the sales of omega 3 during the forecast period.

Apart from that, even the nutritionists have been laying a lot of emphasis to educate people regarding the benefits of omega 3. Therefore, they have recommended certain people to make it a part of their daily diet. This might have a positive influence on the omega 3 adoption trends.

One of the most important benefits of omega 3 is that it is known to hamper the growth of cancer cells. Thus, as a way of precaution, a number of people started consuming them.

Moreover, even the manufacturers who are operating in this niche are carrying out a lot of promotional activities to convey the USP of their products. All this would certainly surge the adoption of omega 3.

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Thus, from the insights provided by FMI, it can be inferred that “a number of health benefits, coupled with the intense marketing activities carried out by manufacturers are expected to surge the omega 3 market share during the forecast period.”

Key Takeaways:

The omega 3 market is projected to grow at a CAGR of 9% during the period 2023-2033.
As on 2023, the market holds a valuation of US$ 9.3 billion.
By 2033, the market is expected to hit a valuation of US$ 22.02 billion.
On the basis of regional analysis, North America is expected to be the largest omega 3 market during the forecast period. The USA is currently the largest market in North America, and is driven by a large number of heart patients.
Asia Pacific is expected to be the fastest growing market. Japan is expected to be driven by a number of patients who suffer from ischemic heart disease. South Korea is expected to be driven because of a surging number of cases pertaining to stroke and Alzhmeir’s disease.
Europe is expected to be one of the most significant markets during the forecast. Rising cases of depression and anxiety is expected to drive the Europe market.
On the basis of type, the DHA segment is expected to have the highest market share.
On the basis of source, the marine category is expected to hold the largest omega 3 market share.
On the basis of end use, the nutraceutical and supplement sector is expected to have the largest market share.

Competitive Landscape

The omega 3 market is currently witnessing a number of mergers within key players, and also with the players belonging to another niche. Apart from that, the focus is also on establishing strategic partnerships to broaden the scope of operation.

Some of the recent developments in the omega 3 market are:

In September 2022, Reckitt launched Ignite, which is the new offline innovation hub.
In February 2022, Pharmvita’s Uqora launched New Vulva Wash.

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Key Companies Profiled are Adisseo, ADM, ALGISYS LLC, BASF SE, Biosearch Life, BTSA Biotechnologias Aplicadas S.L., Church & Dwight, Inc., Colpex International, Copeinca AS, Corpesca S.A., DSM, Epion Brands, Farbest Brands, FF Skagen A/S, FMC Corporation, Glanbia Plc, Golden Omega, Huatai Biopharm, Kinomega Biopharm Inc., Lonza Group, Marvesa Holding N.V., Nordic Naturals, NOW Foods, Omega Protein Corporation, Pesquera Diamante S.A., Pharma Marine AS, Pharma Nord B.V., Pharmavite LLC, Polaris, Prestige Consumer Healthcare Inc., Queenen Research Institute, Rabar Pty Ltd, Reckitt Benckiser Group PLC, Rimfrost AS., Sinomega Biotech Engineering Co. Ltd., SternVitamin GmbH & Co. KG, TripleNine Group A/S

Omega 3 Market Segmentation

By Type:

Docosahexaenoic acid (DHA),
Eicosapentaenoic acid (EPA),
Alpha-linolenic acid (ALA),

By Source:

Marine Source,
Plant Source

By End-Use:

Nutraceuticals & Supplements,
Food & Beverages,
Pharmaceuticals,
Personal Care,
Infant Formulas,
Fish Feed,
Others

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Natural Antioxidant Market Set to Reach US$ 3.8 Billion by 2034 with 5.1% CAGR, Driven by Increasing Consumer Awareness of Health Benefits

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of natural antioxidants are estimated to reach a value of US$ 3.8 billion by 2034, surging at 5.1% CAGR through the decade.

The increasing prevalence of lifestyle-related diseases such as obesity, cardiovascular disease, diabetes, and other non-communicable diseases (NCDs) has become one of the greatest concerns for consumers around the world. Consumer awareness of healthy habits has brought about fundamental changes in their diet, which has increased the demand for natural antioxidants for many years. Weight-sensitive consumers are more sensitive to their daily calorie intake and are willing to consume nutrient-rich, low-calorie foods. Several research projects have concluded that natural antioxidants are beneficial in improving health conditions such as cardiovascular disease, diabetes, and other non-communicable diseases (NCDs). This has led consumers to focus on getting antioxidants in their regular diet. In addition, health enthusiasts and fitness freaks are more likely to be attracted to organic and natural antioxidants as key ingredient in foods, beverages, and dietary supplements. The results could lead to strong growth in the natural antioxidant market over the next few years.

The vast majority of animal farms around the world are switching to alternative additives such as natural antioxidants, toxic binders, and organic acids to prevent contamination of raw materials. Using these alternative options also helps reduce the level of antimicrobial resistance from the feed-to-food model. It should be noted that AMR levels have reached alert levels around the world and people are less responsive to first-line or second-line treatment of the disease. In addition, oxidative stress is one of the main factors associated with immune system dysregulation and leads to several illnesses, so the majority of the population consumes natural antioxidants to improve immune system health. Tend to be. These factors encourage consumers to take precautions and create a large space for the healthy growth of natural antioxidants during the forecast period.

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Key Takeaways from Market Study

Asia-Pacific holds the major share and is expected to be the largest market for natural antioxidants, with sales estimated to reach ~US$ 1.1 Bn by 2034-end.
The natural antioxidants market in North America and Europe is expected to register a high growth rate in the coming years, owing to a remarkable hike in the consumption of nutritional supplements in these regions.
Increasing interest in the consumption of natural products is expected to bolster the demand for natural antioxidants.
Global natural antioxidants market represents a fairly consolidated competition landscape, where the majority of key players are investing in R&D to lower the production cost of natural antioxidants.
Natural antioxidants exhibit low volatility and high stability at high temperatures, offering better aid to food production techniques, including frying, cooking ,or baking.
Regulatory authorities are imposing limitations on the application of artificial antioxidants, leaving manufacturers of natural antioxidants in high spirits.

“The natural antioxidants market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.

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Who is Winning?

Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.

Utilizing primary natural antioxidants is not sufficient to meet all requirements. For example, rosemary extract (E392), which is primarily used in foods, works well with animal fats, but provides an unwanted odor and flavor. Studies have shown that combining two or more natural antioxidants works more effectively in most cases. Therefore, market participants offer a combination of tocopherol and rosemary extract. In addition, tocopherol is combined with citric acid or isopropyl citrate for optimal effect. To minimize food waste, players in the food industry extract natural antioxidants from the bran layer of cereal plants. Research emphasizes the inefficiencies of branded natural antioxidants compared to existing natural antioxidants, but ongoing research and development are underway to maximize the potential of branded natural antioxidants. I’m on the way.

Key players operating in the global natural antioxidants market include BASF SE, Ajinomoto Co Inc, Naturex S.A., Adisseo France SAS, The Archer Daniels Midland Company, I. du Pont de Nemours and Company, A & B Ingredients Inc, Hansen A/S, Koninklijke DSM N.V., Cargill, and Ingredients Inc.

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Key Segment

Product:

Vitamins
Carotenoids
Polyphenols

Nature:

Organic
Conventional

Source:

Fruits & Vegetables
Herbs & Spices
Microalgae & Seaweed

End-Use:

Food & Beverages
- Meat, Fish & Poultry
- Spice & Condiments
- Oil, Fat & Margarine
- Packaged Food
- Bakery & Confectionery
- Others
Cosmetics
- Skin Care
- Hair Care
Nutraceuticals
Pharmaceuticals
Feed Industry

Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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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Freshness Sealed, Growth Unveiled – Exploring the Packaged Fresh Fruits Market Trends and Dynamics

According to Future Market Insights (FMI), the global packaged fresh fruits market is estimated to reach a total value of US$ 12,837.6 million in 2023. Over the projection period, global sales of packaged fresh fruits are likely to soar at 5.5% CAGR. By 2033, the total, market size is anticipated to reach US$ 22,012.5 million.

Packaged fresh fruits are one of the most versatile products available in the market which can be consumed raw or minced. They also provide the flexibility to flavor milk and other beverages.

Consumers are increasingly looking forward to foods that are readily available and can go with everything. This is expected to elevate packaged fresh food demand during the assessment period.

It has been observed that individuals are becoming more habituated to healthy snacking at regular intervals owing to their work-centric lifestyles. Millennials are among those who are leading this lifestyle, and as awareness rises, so does the preference for healthy food options.

Further, there is an increase in initiatives taken by national and international organizations to create awareness about eating healthy food. This is expected to create a conducive environment for the development of the global packaged fresh fruits industry.

For instance, United Nations declared 2021 as the ‘International Year of Fruits and Vegetables’ to encourage individuals to make healthier food choices in their daily routines to improve health and reduce the incidence of diet-related illnesses

These initiatives also aim at reducing food losses and waste in global food systems. Such efforts will continue to prove beneficial for the packaged fresh fruit market.

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Key Takeaways from the Packaged Fresh Fruits Report:

The global packaged fresh fruits market is anticipated to reach a market valuation of US$ 22,012.5 million by 2033.
Based on form, conventional segment is forecast to exhibit a CAGR of 4.9% during the assessment period.
By distribution channel, retail sales segment is set to total a valuation of US$ 17,320.1 million by 2033.
The United States packaged fresh fruits industry size is projected to reach US$ 4,910.2 million by 2033.
China market is forecast to exceed a valuation of US$ 1,840.2 million by the end of 2033.
Packaged fresh fruit demand in India is predicted to rise at 5.2% CAGR during the prediction period.

“The increasing use of fresh fruits in bakery and confectionery applications aligns with the growing consumer demand for healthier and more natural food options, providing opportunities for innovation and market expansion.” says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Del Monte Foods, Inc., Dole Packaged Foods, LLC, Country Fresh Inc., The Wonderful Company LLC, Goya Foods, Inc., Chiquita Brands LLC, Sundia Corporation, Sahyadri Farms, Trinity Fruit Company Inc., Juicy Gems, Anusaya Fresh India Pvt. Ltd., The FruitGuys, C.H. Robinson Worldwide, Inc., GreenFood Iberica, My Harvest Farms and others are the few leading packaged fresh fruit companies profiled in the report.

These companies are introducing new high-quality products into the market to meet evolving consumer demand and changing industry trends. They are also adopting strategies such as facility expansions, acquisitions, collaborations, etc. to expand their footprint.

For instance,

In October 2020, Goya Foods, an American Hispanic-owned food company, announced a US$ 80 million investment to expand its manufacturing and distribution capacities at the facility in Brookshire, Texas.

In May 2021, a Chinese fruit manufacturer, Joy Wing Mau Corporation Ltd, announced a strategic partnership with Dole China to launch a packed fruit cup.
In 2017, a German company named FOOD Freshly formed a joint venture which is named FOOD Fresh India, with exotic fruits importer IG International to launch packaged fresh-cut fruits such as apples, pears, and other fruits.

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Global Packaged Fresh Fruits Market by Category

By Variety:

Apple
Banana
Peaches
Grapefruit
Mango
Orange
Kiwi
Lemon
Pineapple
Pomegranate

By Nature:

Organic
Natural
Conventional

By Distribution Channel:

Retail Sales
- Hypermarkets/ Supermarkets
- Discount Stores
- Wholesale Stores
- Grocery Stores
- Specialty food Stores
- Online Retail
- Others
HoReCa

By Region:

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

Thailand Sustainable Tourism Market Set to Achieve a Striking 17.8% CAGR by 2032 | FMI

The Thailand sustainable tourism market size is estimated to reach US$ 24.6 Million in 2022. Sales in the Thailand sustainable tourism market are expected to grow at a robust 17.8% CAGR during the forecast period from 2022 to 2032.

The Tourism Authority of Thailand (TAT) estimated that the number of foreign tourist arrivals plunged by almost two-thirds to 14 million (decline by 65% year-on-year) in 2020. It was assumed that foreign visitors will return to Thailand in October 2020, while domestic tourism will start to improve in June or July 2020.

Participation of stakeholders in providing education to local people and strong relationships between the government and education & training centers are anticipated to create new growth opportunities for residents of Thailand. Besides, presence of a concrete legislation framework, excellent geographical locations, and ongoing development of the transportation sector are likely to drive the Thailand sustainable tourism market.

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Key Takeaways: Thailand Sustainable Tourism Market

Based on booking channel, the online booking segment is estimated to hold a major share of the Thailand sustainable tourism market in 2032.
By age group, the 26-35 years’ segment is set to remain at the forefront in the Thailand sustainable tourism market during the forecast period.
In terms of tour type, the package travelers segment is estimated to account for the highest share in the Thailand sustainable tourism market by 2032.
Smooth coordination between public and private sectors that involve every player in the industry is projected to boost the Thailand sustainable tourism market by 2032.
Rising need to ensure the viability of the Thailand sustainable tourism market by implementing a wide range of measures is set to aid growth.

“Increasing number of projects that are undertaken through public-private sector partnerships is expected to fuel the Thailand sustainable tourism market. In addition, habitat preservation activities and greater community-level involvement are anticipated to bode well for the market,” says a FMI analyst.

Competitive Landscape: Thailand Sustainable Tourism Market

Leading players in the Thailand sustainable tourism market are focusing on various promotional strategies such as posting creative ads on social media about attractive tourist spots in the country and providing huge discounts during off-seasons.

Major Key players

Hivesters
Nutty’s Adventures
Courageous Kitchen
Hands Across the Water
Socialgiver
Local Alike
SiamRise Travel
Project Expedition
Rockjumper Birding
Discover Corps
Trunk Travel
Andaman Discoveries
Thailand Responsible Tourism Association (TRTA)
Experience Travel Group (ETG)
Others

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Get More Valuable Insights on Thailand Sustainable Tourism Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Thailand sustainable tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-to 2032.

The study divulges compelling insights on Thailand’s sustainable tourism market based by tourism type (eco-tourism, green tourism, soft tourism, and community tourism), booking channel (phone booking, online booking, and in-person booking), tourist type (domestic and international), tourist type (independent travelers, tour groups, and package travelers), consumer orientation (men and women), and age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, and 66-75 years) across seven major regions.

Thailand Sustainable Tourism Market Outlook by Category

By Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Travelers
Tour Groups
Package Travelers

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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

Unraveling the Micellar Casein Market – Growth Factors, Market Dynamics, and Future Horizons

The Micellar Casein market is set to witness robust growth from USD 578.5 million in 2024 to a projected USD 933.0 million by 2034, marking an impressive CAGR of 5.5%. Fueled by a surge in health-conscious consumers, this upward trajectory reflects the sustained demand for micellar casein protein powder, particularly in the domains of sports nutrition and bodybuilding.

An increasing number of consumers are demanding clean-label and minimally processed foods. This trend pushes manufacturers to develop micellar casein products with fewer additives and preservatives, focusing on natural and sustainable sourcing. Beyond dairy-based micellar casein, plant-based alternatives are on the rise. Micellar casein derived from plant sources such as peas and rice is gaining popularity among vegans and individuals with lactose intolerance.

Incorporating micellar casein into functional beverages like protein shakes, ready-to-drink beverages, and even coffee is an exciting trend. These innovative products combine convenience with nutrition, attracting busy consumers seeking on-the-go solutions. Exploring micellar casein’s potential health advantages, such as its influence on muscle recuperation, weight control, and sleep enhancement, paves the way for fresh avenues in product development.

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Trends Driving Market Growth:

Shift Towards Functional Foods: Micellar casein’s nutritional characteristics position it as an ideal ingredient for fortified and functional foods. Health-conscious consumers seek products that offer enhanced nutritional benefits, contributing to the market’s expansion.
Sports Nutrition Boom: With a fundamental shift in consumer preferences towards a healthier lifestyle, the sports nutrition industry is witnessing a surge. Micellar casein, recognized for muscle repair benefits, plays a pivotal role in meeting the demands of athletes and fitness enthusiasts.
Global Market Dynamics: North America and the Asia Pacific emerge as dominant regions, with the United States and India leading the micellar casein market. Rising irregular eating patterns and fitness goals contribute to the market’s revenue growth.

“The analyst anticipates sustained growth in the micellar casein market, driven by increasing consumer awareness of its health benefits and versatile applications in sports nutrition and functional foods,” remarks the FMI analyst.

Category-wise Insights:

Micellar Casein Concentrates Dominate: Micellar casein concentrates are expected to hold a market share of 65.5% in 2024, owing to their versatile applications across industries. Their moderate protein content, slow-release properties, and excellent solubility make them a preferred choice.
Supplements Lead the Way: The supplements category is projected to secure 20.9% of the revenue share in 2024, highlighting the demand for convenient and effective nutritional solutions. This dominance aligns with preferences for optimized protein intake, muscle recovery, and overall wellness.

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Product Portfolio

ProteinCo is a dedicated player in the protein industry, offering a comprehensive range of protein ingredients for various sectors. Their portfolio includes high-quality whey, casein, and plant-based proteins, allowing customers to develop exceptional products in the food, beverage, and sports nutrition markets. ProteinCo is the go-to source for protein excellence.
Glanbia Nutritionals, Inc. is a trusted provider of advanced nutritional solutions. Their extensive product portfolio encompasses top-notch dairy and plant-based proteins, functional ingredients, and customized formulations. They are committed to delivering premium ingredients that empower food and beverage manufacturers to create products that promote health and wellness.

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Key Takeaways:

Market Projection: Micellar casein market expected to reach USD 933.0 million by 2034, driven by health-conscious consumers and sustained demand for protein supplements.
Global Presence: North America and Asia Pacific dominate, with the United States and India leading market growth.
Category Dynamics: Micellar casein concentrates and supplements emerge as top segments, catering to diverse consumer needs.

Recent Developments:

In 2022, Muscle Nector launched a micellar casein-based slow-release protein, targeting health-conscious consumers.
Bionova introduced BTN, a micellar casein protein powder with 80% protein content, focusing on muscle repair and recovery.

Key Players:

Arla Foods Ingredients Group P/S
Glanbia Nutritionals, Inc.
ProteinCo
Idaho Milk Products
Nutrimed Healthcare Private Limited
The Milky Whey, Inc.
Ingredia SA
Havero Hoogwegt
AMCO Proteins
Milk Specialties Global
FrieslandCampina

More Insights Available

To understand opportunities in the micellar casein market, the report is segmented on the basis of type (Micellar Casein Isolate and Micellar Casein Concentrated), Application (Beverages & Smoothies, Clinical Nutrition, Bakery, Meat Products, Nutritional Powders & Bars, Protein Fortification, Dairy Beverages, Supplements, Infant Nutrition, Fresh Dairy Products, Cheese and Others), Sales Channel (B2B, B2C, Specialty Stores, Modern Trade, Grocery Stores, Sports Stores, Online Channel and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

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