Market Research Blog – Page 3832 – New Product Development

Global Intestinal Fistula Treatment Industry to Hit US$ 46.82 Billion by 2033 with an Exceptional 5.8% CAGR | FMI

The Global Intestinal Fistula Treatment Industry is set to reach unprecedented heights, with a projected valuation of US$ 46.82 Billion by 2033, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 5.8%. This surge is attributed to continuous advancements in drugs and biotechnology, paving the way for transformative treatments in the intestinal fistula landscape.

In 2023, the market is anticipated to be valued at US$ 26.64 Billion, marking a significant starting point for a decade-long trajectory of growth. The driving force behind this expansion is the escalating prevalence of ulcerative colitis and Crohn’s disease, coupled with a global increase in awareness about these conditions.

One of the key catalysts behind the projected market growth is the intensification of research and development activities within the industry. Leading players are fervently exploring novel candidates for the treatment of intestinal fistula, steering the industry toward groundbreaking solutions.

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Moreover, the increasing demand for biologics for treating these conditions has influenced market players to expand their portfolios and commercialize their drugs globally. Thus, the rising regulatory approvals for the drugs launched by the key players and increasing patients’ preferences for the medications are also expected to contribute to the market growth in the coming time. An increase in awareness about intestinal fistula treatment, and a rise in several hospitalization cases of the disease are the key factors that are expected to accelerate the market growth. An article published by NCBI (2020) stated that ulcerative colitis has an incidence of 9 to 20 cases per 100,000 per year. Hence, the aforementioned factors are likely to increase the revenue share of the market in the forthcoming years.

Key Takeaways from the Global Intestinal Fistula Treatment Industry Study

The global intestinal fistula treatment market was valued at US$ 25.18 Billion by 2022-end
From 2018 to 2022, the market demand expanded at a CAGR of 2%
By drug class, proton-pump inhibitors to yield 45% revenue in the global intestinal fistula treatment market
By distribution channel, the hospital pharmacies segment dominates the market with a share of 46%
From 2023 to 2033, intestinal fistula treatment worth is expected to flourish at a CAGR of 8%.
By 2033, the market value of Intestinal Fistula Treatment is expected to reach US$ 82 Billion

“An upsurge in financial support to researchers for developing new innovative drugs for treatment of intestinal fistula, coupled with increasing prevalence of Crohn’s disease are expected to fuel the Intestinal Fistula Treatment Market in the forthcoming years,” remarks an FMI analyst.

Competitive Landscape:

Prominent players in the intestinal fistula treatment market are Livealth Bio Pharma, Boehringer Ingelheim International GmbH, Pfizer Inc., Apsolabs, AstraZeneca, Pipelinepharma, Astellas Pharma Inc., Caspian Tamin Pharmaceutical Company, Eli Lilly, GlaxoSmithKline, Bristol-Myers Squibb, Merck & Co. KGaA and Moderna Inc.

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Recent Developments:

In May 2021, Bristol Myers Squibb announced that the Food and Drug Administration (FDA) approved Zeposia (ozanimod) for the treatment of moderate to severe active ulcerative colitis in adults
In September 2019, Janssen Biotech, Inc.’s product, STELARA, was approved for the treatment of moderate to severe active ulcerative colitis in the European Union
In April 2019, Salix Pharmaceuticals entered into an exclusive license agreement with Mitsubishi Tanabe Pharma to commercialize and develop late stage investigational S1P modulator for the treatment of inflammatory bowel disease
In October 2018, Allergan launched a personalized study approach for clinical research programs in inflammatory bowel disease. These programs would evaluate the efficacy and safety of brazikumab and the potential correlation between biomarkers and the patient outcomes with brazikumab.

Key Segments Covered in the Global Intestinal Fistula Treatment Industry Analysis

By Drug Class:

Anticholinergic
Proton-Pump Inhibitors
H2 Blockers
Antidiarrheals

By Route of Administration:

Oral
Parenteral
Rectal
Transdermal
Intravenous

By Distribution Channel:

Hospital Pharmacies
Clinical Pharmacies
Drug Stores
Online Pharmacies

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Global Restrictive Cardiomyopathy Treatment Industry to Skyrocket, expected to Hit US$179.08 Million by 2033, Backed by a 6% CAGR | as Revealed by FMI

The Global Restrictive Cardiomyopathy Treatment Industry is on the brink of a substantial surge, with the market size expected to reach US$100 Million in 2023 and poised to accumulate an impressive US$179.08 Million by 2033. This growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 6% throughout the forecast period from 2023 to 2033, as indicated by a recent analysis from Future Market Insights Inc., a leading industry expert.

In the historical period from 2018 to 2022, the market for Restrictive Cardiomyopathy Treatment already demonstrated notable growth, registering a CAGR of 4%. However, the upcoming decade is anticipated to witness an even more accelerated pace of expansion, driven by several key factors.

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Furthermore, various start-ups are launching various ways to treat this rare condition. One such start-up is Impulse Dynamics, which is focused on developing solutions for the treatment of Chronic Heart Failure. They have developed Optimizer IV, a minimally invasive implantable device based on novel Cardiac Contractility Modulation (CCM) technology, that delivers non-excitatory electric pulses. The Optimizer CE is FDA-approved.

Key Takeaways from the Global Restrictive Cardiomyopathy Treatment Industry Study

From 2017 to 2022, the Restrictive Cardiomyopathy Treatment market grew at a CAGR of 10%.
The global Restrictive Cardiomyopathy Treatment market is expected to grow with a 13% CAGR from 2023 to 2033.
As of 2033, the Restrictive Cardiomyopathy Treatment Market is expected to reach US$ 21.05 Billion
According to the FMI analysis, hospitals account for the largest market share.
North America is expected to possess a 25% market share in the Restrictive Cardiomyopathy Treatment market.
The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.

“As cardiac ailments continue to prevail, scope for restrictive cardiomyopathy treatment is inclining. Vendors are focusing on new product developments and R&D to bring about more robust treatment approaches,” says an FMI analyst.

Global Restrictive Cardiomyopathy Treatment Industry Competition

Key players in the Restrictive Cardiomyopathy Treatment market are Array BioPharma, Vericel Corporation, PhaseBio Pharmaceuticals, Pfizer Inc., GlaxoSmithKline plc, Johnson and Johnson, Merck & Co., Inc, Teva Pharmaceuticals, AstraZeneca plc and Sanofi.

In April 2022, Bristol Myers Squibb announced that the U.S. Food and Drug Administration (FDA) approved Camzyos™(mavacamten, 2.5 mg, 5 mg, 10 mg, 15 mg capsules) for the treatment of adults with symptomatic New York Heart Association (NYHA) class II-III obstructive hypertrophic cardiomyopathy (obstructive HCM) to improve functional capacity and symptoms. Camzyos is the first and only FDA-approved allosteric and reversible inhibitor selective for cardiac myosin that targets the underlying pathophysiology of obstructive HCM.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Restrictive Cardiomyopathy Treatment market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

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Key Segments Profiled in the Global Restrictive Cardiomyopathy Treatment Industry Survey

By Type:

Dilated Cardiomyopathy
Hypertrophic Cardiomyopathy
Restrictive Cardiomyopathy
Unclassified Cardiomyopathy

By Treatment:

Anticoagulants
Antiarrhythmics
Anti-Hypertensives
Cardiac Glycosides
Diuretics

By End User:

Homecare
Hospitals and Clinics
Others

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Nandini Singh Sawlani

Global Rheumatic Heart Disease Management Industry Poised to Exceed US$ 2.04 Billion by 2033, Driven by a Solid 4.5% CAGR | FMI

The Global Rheumatic-Heart Disease Management Industry is poised for a remarkable trajectory, with a projected worth of US$1.31 billion in 2023. According to leading market analysts at Future Market Insights (FMI), the demand for the management of rheumatic heart disease is expected to surge at a Compound Annual Growth Rate (CAGR) of 4.5% between 2023 and 2033, reaching an impressive US$ 2.04 billion by 2033.

This substantial growth is attributed to continuous advancements in pharmaceuticals and biotechnology, signaling a paradigm shift in the landscape of healthcare. As the industry embraces innovation, the rheumatic heart Disease Management Market is set to redefine standards, offering hope and improved outcomes for patients worldwide.

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Between 0.1 and 0.2% of hospitalized patients have been found to have acute pericarditis, while 5% of patients are admitted with non-ischemic chest discomfort. Additionally, 17.9 million people die from cardiovascular disorders each year worldwide, which is equivalent to 31% of all fatalities. More than 75% of cardiovascular deaths occur in low- and middle-income nations. Another factor boosting market growth is the use of dual therapy to treat rheumatic heart disease.

Additional variables that affect the rise in cardiovascular illnesses and the market for the treatment of rheumatic heart disease include rising alcohol and tobacco use, changes in lifestyle, and lifestyle modifications. Throughout the analysis period, it is anticipated that low- and middle-income nations will place a greater emphasis on the prevention and treatment of cardiovascular illnesses.

Another reason fueling the market’s expansion is the rise in environmental contamination, which makes viral and fungus infections more common. Additionally, the rise in rheumatic fever cases and the government’s increasing healthcare spending are both contributing to the market’s expansion. Additionally, the major market players’ ongoing advancements in biotechnology and Rheumatic Heart Disease drug development have been opening up attractive market opportunities. The increased prevalence of chronic diseases, such as cardiovascular diseases and type 2 diabetes mellitus, is another important driver that is projected to accelerate market expansion.

Key Takeaways from the Global Rheumatic Heart Disease Management Industry Study

Global Rheumatic-Heart Disease Management Market was valued at US$ 25Bn by 2022-end
From 2018 to 2022, the market demand expanded at a CAGR of 1%
By Type, the Valve segment of the market constitutes the bulk of the market with a market share of 46%
By Application, the Hospitals segment dominates the market with a share of 46%
From 2023 to 2033, rheumatic heart Disease Management sales are expected to flourish at a CAGR of 5%.
By 2033, the market value of Rheumatic-Heart Disease Management is expected to reach US$ 04

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An upsurge in financial support to researchers for developing new innovative drugs for treatment of rheumatic fever, coupled with growing geriatric population are expected to fuel the Global Rheumatic Heart Disease Management Industry in the forthcoming years, remarks an FMI analyst.

Competitive Landscape

Prominent players in the Global Rheumatic Heart Disease Management Industry

Hoffmann-La Roche Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, Pfizer Inc., GlaxoSmithKline plc., Novartis AG, Bayer AG, Eli Lilly and Company, Merck & Co., Inc., Allergan, AstraZeneca, AbbVie Inc., Johnson & Johnson Private Limited, Cipla Inc., Abbott, Merck KGaA, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd., Glenmark Pharmaceuticals Limited, Amneal Pharmaceuticals LLC., and Bayer AG, among others.

Recent Developments:

In September 2019, Medtronic announced the launch of Evolut PRO+, a transcatheter aortic valve replacement (TAVR) system in the U.S.
In September 2019, Abbott initiated the TRILUMINATE pivotal trial for the evaluation of TriClip, a transcatheter tricuspid valve repair for treating tricuspid regurgitation.

Know More About What the Global Rheumatic Heart Disease Management Industry Report Covers

Future Market Insights offers an unbiased analysis of the global Rheumatic-Heart Disease Management Market, providing historical data for 2018-2022 and forecast statistics from 2023-2033. To understand opportunities in the Rheumatic-Heart Disease Management Market, the market is segmented based on type, and application, across five major regions.

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Key Segments Covered in the Global Rheumatic Heart Disease Management Industry Analysis:

Global Rheumatic Heart Disease Management Industry by Type:

Valve
Myocarditis
Pericarditis

Global Rheumatic Heart Disease Management Industry by Application:

Hospital
Diagnostic Centre
Research Centre

Global Rheumatic Heart Disease Management Industry by Region:

North America
Europe
Europe
Latin America
Middle East & Africa

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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Nandini Singh Sawlani

India Alcohol Market Poised to Reach US$ 111,238.9 Million by 2033: Examination of Market Dynamics, Regulatory Framework

The India alcohol market is predicted to be worth US$ 54,740.0 million in 2023, rising to US$ 111,238.9 million by 2033. During the projection period, India alcohol sales are expected to grow at a substantial CAGR of 7.0%.

The Indian alcohol market expanded during the research period as a result of increased urbanisation, population expansion (especially in metropolitan areas), and rising disposable incomes. During this time, bar and cocktail culture extended throughout major cities, as did the nation’s appetite for alcoholic beverages. The Indian alcohol market is predicted to rise in the next years due to rising whisky consumption, particularly among urban clients.

The Indian alcohol market is expanding at an incredible rate as a result of altering consumer choices, a burgeoning middle class, and more cultural acceptance. In this volatile context, increased demand for premium spirits and craft beverages reflects the country’s evolving drinking culture and economic development.

Due to shifting customer preferences, an increase in the middle class’ population, and a rise in societal acceptance, the India alcohol market is rising at an astounding rate. Premium spirits and craft beverages are in high demand, reflecting the nation’s changing drinking culture and economic growth, in this dynamic environment.

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The country’s changing demographics will accelerate the expansion of the target market even further. Between the ages of 18 and 25, a large share of the population is in this bracket. Furthermore, the country’s median age is thought to be around 27 years. These demographics are expected to support the expansion of the Indian alcohol market, despite the fact that the legal drinking age varies by state in India. Furthermore, higher expenditure on various lifestyle, food, and beverage items, including alcohol, will almost likely be a consequence of rising per capita disposable income. Again, there has been a major change in Indian lifestyle in recent years, especially among the urban population. With pub and cocktail culture being widely adopted, the future of the Indian alcohol sector is bright.

Though the IMFL segment leads market growth, beer, country liquor, and wine segments follow closely after the category and aid the expansion of the Indian alcohol market.

Key Takeaways:

The Indian Made Foreign Liquor (IMFL) segment is estimated to exceed a value of US$ 40 billion while registering a CAGR of 5.2% between 2016 and 2026.
IMFL will account for 66% of the total market revenue during the period of observation.
Beer, country liquor, and wine will follow closely after the IMFL segment during 2016 and 2026.
Andhra Pradesh and Telangana are the two states that are estimated to contribute significantly to the overall growth of the Indian Liquor Market.
Andhra Pradesh and Telangana have the highest number of alcohol consumers in the country.

Competitive Landscape

Allied Blenders & Distillers Pvt. Ltd., Bangalore’s SAB Miller India Ltd., and Tilaknagar Industries Ltd., among others, are some of the dominant players in the Indian alcohol market profiled in the full version of the report.

Leading market players are keen on product development and facility expansions. These organizations also adopt diverse organic and inorganic business strategies to improve their market position.

More Insights Into the Indian Alcohol Market

In its latest report, FMI offers an unbiased analysis of the global Indian alcohol market, providing historical data from and forecast statistics for 2016 to 2026. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (IMFL (brandy and cognac, rum, whiskies, white spirits, others), Beer (mild, strong), Wine (red wine, white wine, rose wine), country liquor), make (imported liquor, IMFL, foreign liquor bottled in India, Indian made Indian liquor), gender (male, female), ingredients (grains, molasses, fruits, and vegetables), distribution market (government-controlled, open market, auction market), and region.

According to the same reports, based on segmentation, the IMFL category will dominate the market with a CAGR of 5.2%. This category will surpass US$ 40 billion and account for 66% of the overall market revenue. Based on region, the South Zone will likely make substantial contributions to the total market growth. Owing to the presence of a large number of alcohol consumers, Andhra Pradesh and Telangana are estimated to dominate the market. In brief, the adoption of the ‘pub and cocktail’ culture, a growing urban population, shifts in lifestyles, and increasing disposable income will aid the growth of the Indian alcohol market during the projection period.

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The key segments covered in this report are:

By Type

IMFL
- Brandy and Cognac
- Rum
- Whiskies
- White Spirits
- Others
Beer
- Mild
- Strong
Wine
- Red Wine
- White Wine
- Rose Wine
Country Liquor

By Make

Imported Liquor
Indian Made Foreign Liquor
Foreign Liquor Bottled in India
Indian Made Indian Liquor

By Gender

Male
Female

By Ingredients

Grains
Molasses
Fruits and Vegetables

By Distribution Market

Government Controlled
Open Market
Auction Market

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Author

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

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

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

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

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

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Freeze Dried Fruits Market Expected to Reach US$ 17.82 Billion by 2033: Insights into Growth Drivers, Product Varieties

Future Market Insights predicts that the worldwide market for freeze-dried fruits will grow at a 7.5% CAGR from 2023 to 2033 and reach a value of US$ 8.63 billion in 2023. It is probably going to be valued at US$ 17.82 billion in 2033.

Due to their low carbohydrate content and lack of artificial adc additives, freeze-dried fruits are preferred by consumers. The growing need for natural ingredients in the production of bakery and confectionery food products is expected to increase demand for freeze-dried fruit and present potential for market producers to generate income in the future.

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The Emerging Health-Conscious People is the Potential Growth Catalyst in the Freeze-Dried Fruits Market

Rising consumer demand to reduce the risk of cardiovascular illnesses is predicted to raise the consumption of healthy food products, which is likely to fuel freeze dried fruits demand among freeze dried fruits manufacturers and drive market expansion in the coming years.

Increased urbanization, particularly in developing nations, the deployment of enhanced packaging options, and rising disposable income might all contribute to the expansion of the freeze dried fruits industry.

Due to increasing customer demand to acquire freeze dried fruit or freeze dried fruits and vegetables from hypermarkets and supermarkets in key countries globally, offline distribution channels may emerge as a significant revenue contributor to the entire market.

Regional Analysis of the Freeze Dried Fruits Market

North America is expected to be the dominant region in the global organic freeze dried fruit market due to the existence of highly developed food and beverage industries and the rising prevalence of health-conscious people in nations like the United States and Canada. Due to the increased availability of various raw materials in countries such as India and China, Asia Pacific is likely to observe a considerable expansion in the freeze dried fruits market over the forecast period.

In the upcoming years, Europe is anticipated to experience moderate growth due to the waning influence of significant market participants in nations like the United Kingdom and Germany.

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Key Takeaways

The conventional segment in the nature category is likely to record a CAGR of 7.1% from 2023 to 2033.
The whole segment within the product type category in the freeze dried fruits market is expected to record a CAGR of 6.1% from 2023 to 2033.
By 2033, the freeze-dried fruits market in the United States is anticipated to record a CAGR of 4.7% and is projected to reach a valuation of US$ 2,538.1 million.
By 2033, the organic freeze-dried fruit market in Germany is likely to record a CAGR of 6% and projected to reach a valuation of US$ 663.7 million.
The market in Spain is anticipated to record a CAGR of 4.3% and is expected to reach a valuation of US$ 206.6 million by 2033.
The fruit type category’s orchard and citrus fruits section is expected to record a CAGR of 6.1% between 2023 and 2033.
By 2033, the United Kingdom market is likely to record a CAGR of 7.8% and is projected to reach a valuation of US$ 655 million.
By 2033, the China organic freeze-dried fruit market is likely to record a CAGR of 9.7% and is projected to reach a valuation of US$ 2,686.3 million.

Future Outlook of the Freeze-Dried Fruits Market

Due to the presence of prominent freeze-dried fruit manufacturers, there is severe competition in the global market. In the upcoming years, the market for freeze-dried fruit powders is expected to take up a sizeable portion of the overall market.

New product releases and other growth initiatives may help existing frozen dried fruit market players to gain a competitive edge while also opening up prospects for revenue generation.

Future research and development initiatives, such as the construction of Research and development centers in countries that offer essential resources at reduced costs, may act as a vital revenue-generating strategy for well-known freeze dried fruit powder market players.

Leading freeze dried fruit manufacturers may benefit from other expansion strategies, such as partnering with smaller businesses, to increase their market share and revenue.

Harmony House Foods Inc., Crispy Green, Mercer Foods LLC, and European Freeze Dry are some of the well-established freeze-dried fruit suppliers.

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Profound New Technologies and Progressions

To assist food manufacturers with the production process, Paradise Fruits Solutions announced the introduction of new ready-to-eat granulates in August 2021. These granulate have been used in confectionery, baking, and chocolate goods.

Key Segments

Nature:

Organic
Conventional

Product Type:

Whole
Diced
Powdered/Granulated

End user:

Food & Beverages Products
- Breakfast Cereals
- Dairy Products
- Bakery & Confectionery
- Nutritional Bars & Supplements
- Powdered Beverages
- Snacks
Retail (household)

Fruit Type:

Berries
- Strawberry
- Raspberry
- Blueberry
- Cranberry
- Others
Exotic & Tropical Fruits
- Mango
- Papaya
- Apple
- Guava
- Banana
- Cantaloupe
Orchard & Citrus Fruits
- Kiwi
- Pear
- Peach
- Lemon
- Orange
- Grapefruits
- Others

Sales Channel:

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Store
- Food & Drinks Specialty Store
- Independent Small Grocery Store
- Online Retail

Author

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

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

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Nandini Singh Sawlani

Global Heterozygous Familial Hypercholesterolemia (HEFH) Management Industry Aims for US$ 58.54 Billion by 2033, Fueled by a Consistent 14.5% CAGR | FMI

In a remarkable achievement, the Global Heterozygous Familial Hypercholesterolemia (HEFH) Management Industry is poised to reach new heights, projecting a valuation of US$ 15.11 billion in fiscal year 2023, a significant increase from US$ 13.2 billion in fiscal year 2022.

The market’s upward trajectory is further substantiated by a forecasted consistent compound annual growth rate (CAGR) of 14.5% from 2023 to 2033. Industry analysts predict that this robust growth will propel the market to an impressive US$ 58.54 billion by the end of 2033.

Heterozygous Familial Hypercholesterolemia, a condition characterized by elevated levels of cholesterol in the blood, poses a significant health risk by impeding blood flow and increasing the likelihood of heart attacks or strokes. The pressing need for effective management of this condition has fueled the surge in the global HEFH Management Market.

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However, the high cost of existing treatments, a variety of risk concerns related to the medications used to treat hypercholesterolemia, and a lack of diagnostic tools for the condition are the main issues limiting the market’s ability to grow in terms of revenue. Various government initiatives to raise awareness about the symptoms, cause, and available treatments for hypercholesterolemia, technological developments in the treatment of hypercholesterolemia, enhanced healthcare facilities, rising research and drug development for the treatment, and higher healthcare investments are expected to create profitable growth opportunities during the forecast period. Such developments are expected to spur growth.

Key Takeaways from the Global Heterozygous Familial Hypercholesterolemia (HEFH) Management Industry Study

The global HEFH management market is currently worth more than US$ 13 Billion.
In 2023, the ST-103 segment by product type is expected to take the dominant market share of 32%.
Hospitals to account for over 1/5^thof all HEFH management procedures as of 2023
North America is expected to exhibit a CAGR of 15.3% from 2023 to 2033, about HEFH management
The European market for HEFH management is expected to grow with a steady CAGR of 14% from 2023 to 2033

“The improvement of healthcare infrastructure, government initiatives to raise public awareness of the causes, symptoms, and treatments for hypercholesterolemia, improved research and drug development for the treatment, as well as increased healthcare investments will all contribute to the growth of the heterozygous familial hypercholesterolemia management market during the forecast period.” comments a Future Market Insights analyst.

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Competitive Landscape

Some of the top players in the global market are Sanofi SA, Amgen Inc., Novartis International AG, AdooQ Bioscience, Thermo Fisher Scientific, Universal Biologicals, Selleck Chemicals, Madrigal Pharmaceuticals, ShangHai Caerulum Pharma Discovery Co., Ltd. and Wuhan Biocar Pharmacy. Some recent developments in this domain are:

NewAmsterdam Pharma, a clinical-stage business focusing on the discovery and development of transformational oral treatments for metabolic illnesses, said today that it has begun a Phase 2 dose-finding trial of anacetrapib as an addition to stable statin therapy among Japanese patients with dyslipidemia with BROOKLYN in 2022. In addition to maximally tolerated lipid-lowering treatment, the BROOKLYN Phase 3 study examines the impact of anacetrapib on LDL-C levels in individuals with heterozygous familial hypercholesterolemia.

More Insights:

North America is the largest familial hypercholesterolemia management market due to the high prevalence of the disorder in the region. The United States dominates the market in North America, with a large patient population and well-established healthcare infrastructure. The country has also approved several drugs for the treatment of FH, such as statins, bile acid sequestrants, and PCSK9 inhibitors.

Key Segments Covered in the Global Heterozygous Familial Hypercholesterolemia (HEFH) Management Industry Report

By Product Type:

Gemcabene Calcium
MGL-3196
ST-103
Others

By Application:

Hospitals
Medical Centers
Clinics
Others

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Nandini Singh Sawlani

Bubble Tea Market Projected to Surpass US$ 6.17 Billion by 2033: Analysis of Market Dynamics

The global bubble tea market is projected to have a rapid-paced CAGR of 9% during the forecast period. The current valuation of the market is US$ 2.72 billion in 2023.

The bubble tea market has experienced enormous expansion and appeal in recent years. Consumer demand for unique and exotic beverages is one of the primary drivers of this expansion. Bubble tea, also known as boba tea, is a refreshing blend of tea, milk, fruit tastes, and chewy tapioca pearls that appeals to a wide range of palates.

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The market is driven by the growing popularity of Asian cuisine and the influence of social media, which has played a significant role in promoting and popularizing bubble tea globally. The visually appealing presentation, customizable options, and innovative flavors have made bubble tea a trendy and sought-after beverage choice.

There are, nevertheless, some constraints and hazards to consider. Some bubble tea versions have a high sugar content, which has generated concerns about their influence on health and wellness. Furthermore, the market’s expanding competition, with several bubble tea brands emerging, presents a challenge for new and established businesses.

Despite these obstacles, the bubble tea market offers numerous potential. Sugar-free and fruit-based bubble tea varieties have been developed in response to increased customer demand for healthier options. Furthermore, growing market presence through online delivery platforms and cooperation with other food and beverage companies can assist in reaching new client groups and increasing market reach.

The bubble tea sector has numerous potential for expansion and innovation. Market players can continue to capitalize on the popularity and demand for bubble tea and drive the market’s expansion by addressing consumer health concerns, adopting new taste profiles, and employing digital marketing methods.

Key Takeaays

In the United States, the market is growing at a CAGR of 23.9% in 2022.
The United Kingdom is expected to develop at a CAGR of 5.1% by 2033, suggesting a strong industry outlook and rising consumer interest in novel beverage options.
The increased popularity of specialty beverages and the influence of global food trends are predicted to push India’s Bubble Tea market to a CAGR of 4.7% by 2033.
China’s Bubble Tea market is expected to develop at a CAGR of 11.4% by 2033, driven by the country’s growing urban population and changing customer preferences for creative and refreshing beverages.
Japan’s market has a compound annual growth rate of8% as per the forecast for 2022.

Competitive landscape

The bubble tea market’s competitive environment is active and diverse, with several prominent competitors contending for market share. Chatime, a global brand, has a significant presence in several countries and offers a wide choice of personalized bubble tea alternatives. Kung Fu Tea distinguishes itself by emphasizing premium ingredients and traditional brewing procedures.

Gong Cha, noted for its unique flavors and toppings, has increased its global reach. CoCo Fresh Tea & Juice is a well-known bubble tea chain that uses fresh, high-quality ingredients. Tiger Sugar’s visually stunning “tiger stripe” cocktails have made a niche for themselves. These companies are constantly striving to differentiate themselves through flavor variety, customizable options, and distinctive branding, engaging in strong rivalry for the attention and devotion of bubble customers.

Recent Developments:

CoCo Fresh Tea & Juice is a global bubble tea franchise that stresses the use of fresh, high-quality ingredients. Their distinctive fruit teas combine fresh fruits with tea to create refreshing and tasty beverages.
Tiger Sugar is known for its distinctive and visually appealing cocktails with a “tiger stripe” pattern. They specialize in brown sugar bubble tea, which is made with slow-cooked brown sugar syrup for a rich, caramelized flavor profile.

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Key Segments in the Bubble Tea Market

By Base Ingredient:

Black Tea
Green Tea
Oolong Tea
White Tea
Others

By Sugar Content:

Regular
Reduced Sugar/Sugar-Free

By Toppings:

Pearl
Grass Jelly
Coconut Jelly
Red Bean
Multiple/Others

By Distribution Channel:

Direct (B2B)
Indirect (B2C)
Online Retailing

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Author

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

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

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Nandini Singh Sawlani

CBD Oil Market Expected to Witness Impressive 31% CAGR by 2033: Exploring Growth Opportunities, Regulatory Landscape

As per the latest market research conducted by FMI, the global CBD oil market is expected to record a CAGR of 31% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 389 million. By 2033, the valuation is anticipated to reach US$ 5,980.6 million.

The market for CBD Oil is rapidly growing as more people become aware of cannabidiol’s potential medical advantages. As more people become aware of its natural and holistic benefits, CBD oil has become more popular across a range of industries, including healthcare, cosmetics, and wellness. The market is expanding significantly as a result of evolving regulations and rising consumer acceptance.

The primary reasons propelling market expansion include rising demand and greater legalisation of cannabis, inventive cannabis uses in cancer therapy, and the beneficial impacts of cannabis-infused products on consumer health. In the next years, it is projected that the use of cannabis in pet food and rising consumer demand for beverages with cannabis flavours would offer industry participants significant growth prospects.

The unlawful substance that is produced, traded, and used most frequently worldwide is cannabis. According to legislative bills, ballot initiatives, and public opinion surveys, marijuana use in the US is increasing for both recreational and therapeutic purposes. 55% of Americans surveyed in a recent research by Quinnipiac University favoured the full legalisation of cannabis without any additional limitations. However, 82% of respondents supported making medicinal marijuana use less punishable. As legalisation spreads more widely, demand will steadily increase, boosting the market’s overall growth for CBD-infused goods.

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Competitive Background:

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

Key Takeaways:

The CBD oil market is anticipated to reach a valuation of US$ 389 million in 2023.
The high efficacy of CBD produced from hemp for various medical uses, including developing a therapy for Parkinson’s disease, is what drives demand for this market.
The CBD oil market is predicted to record a CAGR of 31% through 2033.
The CBD oil market is expected to surpass US$ 5,980.6 million by 2033.
The CBD oil for pets market is being driven by entrepreneurs who are focusing on developing lotions, skin care, pet care, and textile products using cannabidiol.

Significant Players in the Market Include:

CV Sciences
Medical Marijuana
Aurora Cannabis
Canopy Growth Corporation
Canntrust
Tilray
Kazmira LLC

As the CBD oil market is in a nascent stage, market players are focusing on gaining maximum share by expanding their product portfolio through new product launches.

Recent Developments:

CV Sciences Inc. launched “Plus CBD Gummies” at Natural Product Expo East 2018. These gummies are available in citrus punch and cherry mango flavors. These products comply with strict regulatory standards and are gluten-free and vegan-friendly.
One Leaf, one of the top face mask manufacturers in China, has started executing social media and online marketplace promotional efforts for its CBD products.

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Key Segments Covered in CBD oil Market Study

Product Type:

Hemp Oil
Marijuana Oil

Application:

Pharmaceuticals
Food & Beverages
- Gummies
- Chewing Gums
- Chocolate bars
- Candies
- Beverages
- Dairy Products
- Bakery Products
- Snacks
Cosmetics
Others

Distribution Channel:

Direct/B2B
Indirect/B2C
Hospital Pharmacy
Retail Pharmacy
Hypermarkets/Supermarkets
Convenience Store
Online Retail
Others

Region:

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

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)

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Nandini Singh Sawlani

Processed Fruits & Vegetables Market Estimated to Attain USD 539.8 Billion by 2032: Analyzing Industry Dynamics

FMI report, the sales of processed fruits & vegetables are expected to surpass a value of US$ 539.8 Billion in 2032, rising at a CAGR of around 7.1% through the end of 2032.

The increased is attributed to the product’s high nutritional value and minimum processing. Manufacturers are reshaping the market for processed fruits and vegetables by utilising a variety of packaging options to keep freshly cut fruits and vegetables fresh. Modified atmospheric packaging (MAP) and edible coatings are becoming increasingly popular for extending the shelf life of freshly cut fruits and vegetables.

Because people want convenient, nutrient-dense diets and healthier lifestyles, the market for processed fruits and vegetables is fast rising. Customers are becoming more aware of the benefits of processed fruits and vegetables, such as their longer shelf life and ease of consumption, and the company is prepared for continued growth and product diversity.

According to a market survey of processed fruits and vegetables, there has been a boom in interest in the research and manufacture of meat substitutes in recent years. The global market for plant-based alternatives is anticipated to be worth $85 million by 2030.

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The demand for beef and dairy products in the US is also anticipated to decline by 80–90% by 2035. Because of their greater functioning and improved nutritional makeup, which can result in texture and flavor upgrades, fruits and fruit-based products are attracting the attention of manufacturers of plant-based foods. This has changed the processed fruits & vegetables market outlook significantly.

Additionally, the COVID-19 pandemic has improved the rate of adoption of processed fruits & vegetables since it is well suited for living in quarantine and is thought to be both inexpensive and nourishing.

The market for dried fruits has been pushed up by the increased demand for processed fruits & vegetables market in various parts of the world. The market for dried fruit is being driven by a shift in customer choice for healthy and nutritious foods as a result of rising obesity and an aging population.

Furthermore, the rising demand for dried fruit has been spurred by increased acceptance of healthful packaged foods and widespread use of dried fruit in the dairy, snack, confectionery, and bakery, industries, therefore, augmenting the growth of the processed fruits & vegetables market.

Key Takeaways from the Processed Fruits & Vegetables Market Study:

The US is estimated to account for more than 60% of the North American processed fruits & vegetables market market in 2022.
Through 2026, Latin America is expected to grow at a healthy 7.1% compound annual growth rate (CAGR).
The increasing urbanization and accompanying lifestyle changes which are focused towards higher health consciousness among consumers are primarily responsible for regional growth in the US.
The food is cooked to a precise and controlled temperature during the canning process to destroy enzymes and eliminate the risk of deterioration and food illness, therefore, leading to rapid growth in the canned processed fruits & vegetables market segment.
The filling processing equipment industry is expected to exceed USD 38.6 billion by 2027, owing to technological developments like heightened production speed, reduced manpower requirements, and automated reliability to maintain product quality.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.

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Who is winning?

Key players operating in the global processed fruits & vegetable market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production. Technology is also proving to be strong support for the demand for processed fruits & vegetables market to grow in the coming years.

For example, Sorma Group developed the HyperVision platform in January 2021, a cutting-edge, multi-wavelength lighting solution that provides exceptional fruit sorting and a high level of efficiency. It has the capability of analyzing up to 15 pieces of fruit each second.

Get Valuable Insights into Processed Fruits & Vegetables Market

FMI, in its new offering, provides an unbiased analysis of processed fruits & vegetables presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Processed Fruits & Vegetables based on by type (vegetables and fruits), by processing equipment (processing, pre-processing, seasoning, washing, filling, packaging), by product (fresh, canned, fresh-cut, drying & dehydration, frozen) across five major regions.

Processed Fruits & Vegetables Market by Category

By Type:

Fruits
Vegetables

By Processing Equipment:

Processing
Pre-processing
Seasoning
Washing
Filling
Packaging

By Product:

Fresh
Canned
Fresh-Cut
Drying & Dehydration
Frozen

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Cold-Pressed Oil Market Forecasted to Achieve US$ 37.3 Billion by 2032: Exploring Market Growth Drivers

The global cold-pressed oil market share is projected to reach a valuation of US$ 37.3 Billion by 2032 with a CAGR of 4.8% during 2022 to 2032. Due to a greater understanding of health and well-being, consumers’ eating habits and nutritional patterns have changed. The demand for cold-pressed oil is rising, as a result, it is anticipated to lead to an increase in sales of cold-pressed oil in the market throughout the forecasted period.

Furthermore, customers are more likely to spend money on food-related goods and resources. The rapid growth of healthy eating categories in comparison to decadent ones is aiding in the expansion of the market for cold-pressed oil.

The market for cold-pressed oils is rapidly rising as consumers place a greater emphasis on natural and healthy oils in their diets. Cold pressing protects the nutritional content of olive, coconut, and sunflower oils, which are becoming increasingly popular. Consumer awareness of the benefits of cold-pressed oils is driving market growth in the food and cosmetic industries.

Positive news for the cold-pressed oil sector is the huge rise in demand for natural, unrefined oils. The cold-pressing technique, which preserves the tastes and nutrients of the seeds and nuts, makes the oils more desirable. Growing awareness of health benefits and increased demand for organic items are two further factors driving market expansion.

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Consumers are urging food companies to increase the transparency of their products, going past ingredients, free-from status, and nutritional levels. Due to this, the sales of cold-pressed oil are likely to rise by end-users.

Thus, with increasing demand for cold-pressed oil, several food product manufacturers are using ingredients to increase the overall quality and nutritional level of their final product which is anticipated to boost the cold-pressed oil market size.

In addition to this, demand for cold-pressed oil along with demand for functional food products is also significantly increasing around the globe. This growing demand is leveraging the growth of cold-pressed oil, fortified edible oil and seed oils over the forecast period.

Key Takeaways from Market Study

The cold-pressed oil market growth is expected to expand at a CAGR of 5.2% and 7.4% in Latin America and the Middle East & Africa, respectively through 2032.
Among the type segment, palm oil is dominating the cold-pressed oil market trends holding more than 18% share in 2022 and it is expected to grow with a CAGR of 2.8% over the forecast period.
Among the application segment, the food industry is dominating the cold-pressed oil market size holding more than 50% share in 2022 and it is expected to grow with significant CAGR of 3.6% over the forecast period.
The B2B is dominating the distribution channel segment holding around 70% share in 2022 and it is expected to grow with CAGR of 3.6% which is likely to rise the sales of cold-pressed oil during the forecast period.

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“Health claims such as free from, non-GMO, 99% organic, natural, minimally processed, Good for Heart, Fortified, Light, and others are attracting customers. Manufacturers and brand owners are using these claims to stimulate consumer interest and highlight their product’s uniqueness and health benefits.” – Future Market Insights Analyst.

Competitive Landscape

The key players involved in the cold–pressed oil market statistics to strengthen their research and development activities to increase the yield and improve extraction technology which is offering significant growth opportunities for the overall cold–pressed oil market trends.

In addition to this, understanding the growing demand for cold–pressed oil several key players in the oil market are entering the cold – pressed oil market by introducing their cold-pressed oil range of products.

For Instance –

In September 2020, Dabur which is one of India’s prominent natural health care companies entered the edible oil segment by introducing their cold-pressed mustard oil.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global cold-pressed oils market key trends & opportunities, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on application (food industry, agriculture, cosmetics and personal care industry), type (cottonseed oil, rapeseed oil, palm oil, peanut oil, coconut oil, olive oil, palm kernel oil, soybean oil, sunflower seed oil) and sales channel (B2B, B2C (hypermarkets/supermarkets, convenience stores, speciality stores, retail store, online retail) across seven major regions of the world.

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 Food & Beverage Division at Future Market Insights

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani