Market Research Blog – Page 3968 – New Product Development

Compound Feed Market to Hit US$ 674.42 billion by 2033| Future Market Insights Inc.

The global compound feed market size is poised to exhibit monumental growth from 2023 to 2033. According to the research report published by FMI, the global market is projected to cross a valuation of US$ 418 billion in 2023. It is predicted to surpass a valuation of US$ 674.42 billion by 2033. The market is anticipated to showcase a modest CAGR of 4.9% from 2023 to 2033.

Urbanization and industrialisation are consistently mushrooming across the globe. The increasing global population is resulting in a surge in demand for poultry, meat, and dairy products. With increasing urbanization, the purchasing power of consumers is also increasing. The demand for food goods including beef, milk, eggs, and other dairy products is projected to increase as urbanisation and industrialization progress. An increase in industrial livestock production methods is likely to boost the demand for compound feed in coming years.

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When compared to conventional feed, compound feed is more effective. It is an economical method of giving animals the nourishment they require to develop and remain healthy. Compared to conventional feed, it is easier to carry and store. Also, it can be tailored according to the unique nutritional needs of various animals and the stages of their development. These factors are anticipated to increase the preference for compound feed over conventional feed, consequently accelerating the market’s development. Furthermore, ingredients for compound feed are readily accessible and may be obtained from a wide range of sources. For large-scale cattle production, this offers a stable and dependable feed supply. Growth potential for the market players is projected to be profitable as a result of the expansion of supply chain networks and manufacturing capacities.

In Asia Pacific, meat consumption is rising as a result of rising economic levels and the ever-increasing population. It is predicted that rising livestock farming methods in China, Japan, India, and other South East Asian nations would increase demand for compound feed. Also, the growing emphasis on producing healthier cattle is anticipated to boost market expansion in the Asia Pacific region.

Key Takeaways from Compound Feed Market Report:

The mash segment is projected to clock a modest CAGR of 4.6% from 2023 to 2033.
In 2018, the global market size stood at nearly US$ 335.42 billion.
In 2022, the market accounted for a worth of US$ 400 billion.
The cereal segment is likely to account for a revenue of nearly US$ 283 billion by 2033.
Asia Pacific is anticipated to generate a revenue of approximately US$ 280 billion by 2033.

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Recent Developments Observed by FMI:

Precision Livestock Analytics, a provider of livestock data analytics, was acquired by Cargill in June 2021. The acquisition is intended to assist livestock farmers in enhancing the health and growth of their animals.
In May 2021, DSM purchased First Choice Ingredients. The goal of this acquisition is to strengthen the company’s range of ingredient solutions.
In April 2021, Alltech acquired Solbiosur, a significant Argentine provider of animal feed. The acquisition intends to increase the company’s market share in South America.
Sojaprotein, a top European manufacturer of plant-based protein components, was acquistion by ADM in March 2021.

Compound Feed Market Segmentation

Compound Feed Market by Ingredients

Compound Feed in Cereals
Compound Feed in Cakes & Meal
Compound Feed in Animal By-Products
Compound Feed in Additives
Compound Feed in Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}

Compound Feed Market by Form

Compound Feed in Pellets
Compound Feed in Mash
Compound Feed in Crumbled

Compound Feed Market by Livestock :

Compound Feed in Poultry {Broilers, Layers, Breeders}
Compound Feed in Ruminants
Compound Feed in Swine
Compound Feed in Aquaculture

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About Future Market Insights (FMI)

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

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Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Refined Functional Carbohydrates Market Forecasted to Reach New Heights at US$ 404.81 million by 2033

The refined functional carbohydrates market is estimated to reach a valuation of US$ 232.54 million in 2023. The market’s overall valuation may thrive at a CAGR of 5.7% between 2023 and 2033. According to estimates, by 2033, the market is likely to be worth US$ 404.81 million.

Increasing consumption of functional foods, including functional carbohydrates, is resulting in a steady increase in demand for refined functional carbohydrates. As gut health plays an important role in livestock production. Therefore, to improve immunity, refined functional carbohydrates are often added to animal feeds.

Energy and functional ingredients can also be obtained from highly refined carbs. For example, refined functional carbs are used in poultry feed formulations to increase the efficiency of feed utilization, which reduces feed costs and improves animal performance.

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For the refined functional carbohydrates market to grow, several factors must be considered. This includes the expanding animal feed industry, the growing need for nutritious foods, and the rising disposable income of people around the world.

Refined functional carbohydrates are expected to grow substantially as disposable incomes rise and health benefits become more apparent. Research and development expenditures for agro genomics are an important factor determining the growth of the refined functional carbohydrates market.

Drivers	Animal protein demand is on the rise Potential health benefits for human Governments and regulatory agencies provide support
Restraints	Production cost is relatively high Limited awareness and understanding of benefits
Opportunities	Rise in demand for sustainable and natural products Emerging market in Asia Pacific region due to increasing demand for animal protein

Key Takeaways from Market Study

The refined functional carbohydrates market is expected to record a CAGR of 5.7% over the forecast period.
The Mannan oligosaccharides product segment is forecast to register a 6.8% CAGR through 2033.
The United States is likely to have a significant market share of 89.9% in the North America region.
South Korea accounts for 65.0% of the market share in the Asia Pacific in 2023.

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Competitive Landscape:

Companies operating in the global market are focusing on product launches with various claims to meet emerging consumer demands. Refined carbohydrates are also becoming increasingly popular as an ingredient in products. For instance, products such as white bread, white flour, pasta, and white wine, among others.

Several prominent companies that dominate this market, including refined functional carbohydrates, are DuPont Danisco, Lallemand, Orffa, VWR Corporation, Super Beta Glucan, Pet Health Solutions, and others.

Recent Developments:

A new funding program for the improvement or expansion of livestock and dairy slurry stores was launched in December 2022. This program enables livestock and dairy farmers to apply for grants of up to US$ 309,612.
Korea’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) decided to remove longstanding trade barriers in September 2022. Removal of this trade barrier can improve pork and poultry exports to the European Union. By adopting such initiatives, livestock farming may be boosted, resulting in greater utilization of D-mannose carbohydrates in animal feed.

Market Segmentation by Category

By Product:

Mannan Oligosaccharides
Beta-glucan
D-Mannose

By Application:

Cattle/Calves
Poultry
Swine
Aquaculture

By Region:

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

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Feed Micronutrients Market Poised for Remarkable Growth at Nearly US$ 3.52 billion by 2033

The feed micronutrient market is predicted to increase significantly at a 6.3% CAGR during the forecast period. The market is estimated to reach US$ 3.52 billion by 2033. The global demand for feed micronutrients is expected to surpass US$ 1.91 billion, in 2023.

Consumers are becoming more concerned about animal welfare and the effects of livestock production on the environment. The demand for feed micronutrients that enhance the health and welfare of animals and are produced ethically and sustainably is rising as a result.

The adoption of cutting-edge animal husbandry techniques in both developed and developing nations open up new opportunities for the industry. The global feed micronutrients industry is expected to expand as agricultural and breeding expenditures for livestock rise.

The detrimental effects on the environment are a significant barrier to the expansion of the global feed micronutrient sector. The soil contamination brought on by the usage of metals like zinc and copper in livestock feed is included in this.

The importance of feed micronutrients for the welfare and health of animals is becoming more and more understood by farmers and producers in different regions. Products providing feed micronutrients that can help boost animal performance and reduce the risk of sickness are in higher demand.

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Key Takeaways

By 2033, Europe’s feed micronutrients market is expected to expand at a CAGR of 6.2%.
The feed micronutrients market was significantly expanding, with a size of US$ 1.8 billion in 2022.
The market is anticipated to expand at a valuation of US$ 2.30 billion by 2026, as a result of rising animal welfare activities.
Due to the market’s excellent potential and rising use of zinc in the industry, analysts expect it is likely to rise 1.06 times between 2022 and 2023.
In the United Kingdom, the poultry livestock segment is likely to lead with a valuation of US$ 1.4 billion by 2033.
Based on products, trace minerals dominated the market with a 3/5th share in 2022. Moreover, the market continued to lead during the forecast period.
Based on livestock, the poultry segment led the market with a 1/3rd share in 2022.

Critical Approaches Increasing Top Players’ Wealth

The feed micronutrients industry is moderately consolidated, with a few multinational corporations holding the leading market shares. This includes Tanke Biosciences Corporation, Archer Daniels Midland, Vamso Biotec Pvt. Ltd., and Pancosma SA.

Newcomers to the feed micronutrients market confront several obstacles. including tighter restrictions, greater manufacturing costs, and a lack of consumer awareness.

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Recent Developments

Balancius, the first microbial muramidase, was released in September 2018 by DSM and Novozymes. It is essential for enhancing feed efficiency and digestibility in broilers. The product claims that as a result, the feed conversion ratio of grill chickens increased by 4-6 points (or 3%) overall.
The current feed enzyme distribution contracts between Cargill and BASF have now access to more markets and R&D resources. As the companies made an announcement of their partnership in October 2021. Through this partnership, it is easier to create, manufacture, promote, and market swine-specific enzyme goods.

Key Segments

Feed Micronutrients by Product:

Feed Micronutrients as Trace Minerals
- Iron
- Zinc
- Manganese
- Copper
- Boron
Feed Micronutrients as Vitamins
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin K
- Vitamin E
- Carotenoids

Feed Micronutrients by Livestock:

Poultry
Ruminant
Swine
Aquaculture
Others

Feed Micronutrients By Region:

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

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Fish Oil Alternatives Market Forecasted to Reach New Heights at US$ 4.1 billion by 2033

The global fish oil alternatives market reached a value of USD 2.4 billion by the end of 2022. Future Market Insights (FMI) anticipates it to grow at a rate of over 5% between the years 2023 and 2033. As per this fish oil alternatives market analysis report, the overall valuation is projected to reach US$ 4.1 billion by 2033.

Increasing the acceptability of plant-based diets to lessen the burden of cardiovascular diseases is boosting the sales of fish oil alternatives. It is anticipated that global consumption of omega-3 fatty acids may rise as public knowledge of its health advantages rises.

As soybean, safflower, sunflower, cotton, and corn seeds are abundant sources of omega-3, there is an increasing demand for vegetable oils made from their seeds globally. So, the fish oil alternatives sector is anticipated to rise promisingly throughout the projected period.

Traditionally the demand for omega-3 constituents has encouraged the use of fish oil substitutes high in omega-3 fatty acids. Moreover, the availability of omega-3 fats is no more limited to only those who strictly adhere to a plant-based diet. It is likely to be produced more for non-veg consumers as plant-based diets can lower the risk of heart disease.

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Growing demand for fish oil alternatives in industrial verticals, including cosmetics, animal feed, and pharmaceuticals, is poised to develop the market. During the forecasted period, producers of fish oil alternatives are projected to have development prospects with their expanding scope of application.

Increased adoption of fish oil alternatives in home cooking is projected to strengthen the online sales channel of the market. eCommerce websites can also be regarded as having developed the market for the commodity in many new regions.

Key Takeaways from the Fish Oil Alternatives Market Study Report

The United States holds a greater share of the global fish oil alternatives market due to higher consumption of Omega-3. The market is yet to reach its peak as the trend of veganism is continuously increasing its sales.
With the increased need for pre-portioned baby food formulae, Asia Pacific could witness a greater need for oil alternatives. This is because nations like India, China, Japan, and Thailand are expected to have a higher demand for infant formula.
The healing qualities of fish oil alternatives are predicted to drive the pharmaceuticals segment’s growth during the forecast period.
With a revenue share of more than 50% in 2022, the application of fish oil alternatives in supplements and functional food ingredients is the dominant segment.

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Competitive Landscape for the Fish Oil Alternatives Market Players

Burcon Nutrascience Corp., Cargill Inc., Dupont PVT Ltd., and Sotexpro are a few of the industry leaders globally. To increase their market share, these key players are investing highly in product innovation and the acquisition of regional players. Given the vast market potential, there have been new players entering the market at all points along the value chain.

Recent Developments by the Fish Oil Alternatives Industries

For instance, Algorithm, AlaskOmega, and Aenova collaborated to develop chewable vegan soft gel capsules in September 2021. This product containing microalgae-based alpha mega omega-3 DHA oil was designed to provide businesses with a competitive advantage over rivals.

Due to the environmental advantages of plant sources over fish oil, major fish oil suppliers are now switching effectively. For instance, Cargill Incorporated introduced “Latitude” in October 2018 as a sustainable alternative source of omega 3 in feeds.

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Key Segments Covered by Fish Oil Alternatives Industry Survey Report

Fish Oil Alternatives Industry by Product Type:

Chia Seed Oil
Soybean Oil
Canola Oil
Hemp Seed Oil
Algae Oil
Walnut Oil
Flaxseed Oil
Other Oils

Fish Oil Alternatives Industry by Application:

Food & Beverage Industry
- Seasonings & Dressings
- Sauces & Dips
- Other foods
Cosmetics and Personal Care
- Skin Care
- Hair care
- Other Products
Animal Feed
- Poultry Feeds
- Cattle Feeds
- Aqua Feeds
- Other Feeds
Pet Food Additive
- Dog Food
- Cat Food
- Other Pet Foods
Pharmaceuticals
Neutraceuticals
- Dietary Supplements
- Sports Nutrition
Bio Fuels
Other Applications

Fish Oil Alternatives Industry by Sales Channel:

Sales of Fish Oil Alternatives over Offline Channel
- Supermarkets or Hypermarkets
- Departmental Stores
- Convenience Store
Sales of Fish Oil Alternatives over Online Channel
- Company Website
- E-commerce Platform
- Other Online Websites

Fish Oil Alternatives Industry by Region:

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

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Americas Seeds Market to Reach US$ 14.06 billion by 2033| Future Market Insights Inc.

The Americas seeds market is predicted to register a CAGR of 8% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 6.51 billion in 2023 to US$ 14.06 billion by 2033 end.

The surging global population and consequently soaring demand for food is maneuvering the seeds market in the Americas. The region houses several world’s leading agricultural exporters and producers, including Brazil, the United States, and Argentina. In addition to this, a surge in the innovation of seed technologies like genetically modified (GM) seeds, is supporting farmers to boost their crop yield and better the quality of crops. As a result, pushing the demand for high-quality seeds.

The governments based in the region give strong support to their agricultural sectors. This also includes support in the form of funds required for advancement in research and development activities related to new seed varieties. Over the years, this support has facilitated innovation in the seeds industry and led to overall market growth.

GM seeds have been a core contributor toward market growth. Subsequently, organic as well as non-GM crops are also enjoying increasing recognition. The growing popularity of this kind of seeds is generating high-growth opportunities for companies that specialize in the industry.

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Top Highlights from the FMI’s Analysis of the Americas Seeds Market:

The GMO section is forecast to seize a massive market share in the projected period. Increasing demand for seed types that curb environmental impact, owing to growing environmental concerns, is propelling the segment growth.
The increasing demand for conventional types of seeds in the region due to its long history of safe use is expected to bolster the conventional section of Americas seeds.
The herbicide tolerance section, based on the trait, is expected to capture a sizable market share. This can be attributed to the ease provided by herbicide-tolerant seeds for efficient and effective use of herbicides.
The insecticide segment is anticipated to display robust growth in the forecast period.
Extensive cultivation of soybean is projected to yield significant segment growth and account for a huge market share during the forecast period.
The wheat segment is projected to perceive a rapid CAGR over the forecast period. Growing population and increasing importance of wheat as a staple crop are a few factors underpinning the segment growth in the region.

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FMI Captures Key Developments by Market Players

In July 2022, BASF, Corteva Agriscience, and MS Technologies entered an agreement to develop next-Gen Enlist E3 soybeans with the trait of nematode-resistant soybeans (NRS) for farmers in Canada and the United States.
In June 2022, a novel variety of tropicalized lettuce was introduced by the name of Arunas RZ. This is projected to boost the market share of the company in the subsequent years.
In May 2022, Syngenta Canada introduced a new Pelta seed pelleting technology for canola that helps in enhancing seed uniformity and size, enabling better singulation planter performance.

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Americas Seeds Market by Category

By Type, the Americas Seeds Industry is segmented as:

GMO
Conventional

By Trait, the Americas Seeds Industry is categorized as:

Herbicide Tolerance
Insecticide Resistance
Others

By Crop Type, the Americas Seeds Market is bifurcated as:

Rice
Soybean
Wheat

By Region, the Industry of Americas Seeds is segmented as:

The United States
Brazil
Argentina
Peru
Colombia
Paraguay
Chile

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Flavors and Fragrances Market to Hit US$ 45.68 Billion by 2033| Future Market Insights Inc.

The global flavors and fragrances market is expected to register an average CAGR of 4.67% from 2023 to 2033. The target market will reach a value of US$ 45.68 billion by 2033, scaling up from US$ 28.94 billion in 2023. Historically, the flavors and fragrances market recorded a CAGR of 3.91% from 2017 to 2022. Factors such as a swiftly expanding FMCG sector, the development of advanced flavor processing units, and the constant growth of the pharmaceutical sector are accountable for the steady growth of the flavors and fragrances market in the next couple of years.

The extensive use of flavors and fragrances- both local and foreign- coupled with elevated demand for ready-to-eat food products will have a positive impact on the flavors and fragrances market. The emergence of novel fragrances is gaining popularity among the younger generation and there is a general demand for new flavors. These factors are anticipated to fuel the growth of the flavors and fragrances market in the long term.

In recent years, there’s been an increasing adoption of the urban lifestyle with greater socializing. This has led to an overall surge in the demand for more variety of fragrances and flavors. Consumers are adding a large amount of ready-to-eat meals to their diets and are keen on different flavors. Consequently, many FMCG players are producing nutritional products with different flavors that are also easy to cook and save time. This strengthens the prospect for the flavor segment. Additionally, increasing spending on personal care products augurs well for the fragrance segment. With more and more women focusing on both work and social life, the demand for cosmetic and personal care product, including fragrances, are anticipated to rise. This factor will propel the global demand for fragrances.

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Increasing digitization of the retail sector has paved the way for digital marketing and smoothened the way for the launch of new flavors and fragrances. With the help of technology, consumers can also personalize their flavors and fragrances needs. All of these considerations abet the growth of the flavors and fragrances market during the forecast period.

Key Takeaways:

Strict government mandates regarding quality and constantly changing consumer preferences are factors that may limit the growth of the flavors and fragrances market.
The flavors and fragrances market in North America will reach a value of US$ 10.98 billion by 2033 with a CAGR of 2.9% from 2023 to 2033.
The expansion of the FMCG sector in emerging countries like China and India will push Asia Pacific to emerge as an opportunistic pocket for the market.
In terms of type, the fragrances category will grow at a CAGR of 4.13% owing to a greater demand for personal care products.
Based on nature, the synthetic segment will expand at a CAGR of 4.3% as they are affordable and easily available.

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Competitive Landscape

S.H. Kelkar and Company Limited, Robertet SA, Sensient Technologies Corporation, Frutarom Industries Ltd., Givaudan International SA, Kerry Group PLC, and Symrise AG, among others, are some of the dominant players in the flavors and fragrances market profiled in the full version of the report.

Key market players are keen on product upgrades, product innovation, and development, as well as the launch of novel products. These firms also employ various expansion strategies. A few of the participants are also focusing on open-label products with different sizes and packaging options.

More Insights Into Flavors And Fragrances Market

FMI offers an unbiased analysis of the global flavors and fragrances market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of product type, nature, application, and region.

According to the reports, based on segmentation, the synthetic category will perform well with a 4.3% CAGR. This growth can be attributed to the fact that synthetic-natured products are affordable and easily available. By type, the fragrance segment will dominate the global marketplace.

Based on region, the flavors and fragrances market in North America will record a CAGR of 2.9% and reach a value of US$ 10.98 billion by 2033. High consumption of cosmetics and packaged food as well as rising per capita income are responsible for the flavors and fragrances market growth in this region. Besides North America, Europe, and Asia Pacific will also aid the growth of the global flavors and fragrances market.

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Diaper Rash Cream Market Anticipates an Astounding US$ 3,297.7 Million Expansion by 2033 | FMI

The market for diaper rash cream is projected to be worth US$ 1,912.4 million in 2023 and US$ 3,297.7 million in 2033. From 2023 to 2033, diaper rash cream sales are projected to grow at a 5.6% compound annual growth rate.

Favorable to the microbiota In addition, with advances in scientific understanding there is an increasing possibility of promising diaper rash creams. With new formulations that nurture and protect the skin microbiome, it is possible to prevent diaper rash with a much healthier process.
As environmental consciousness rises, a major opportunity presents itself–sustainable packaging for diaper-rash cream. These brands using eco-friendly materials and minimalistic designs meet the needs of environmentally conscious parents who are looking to make responsible purchases. Another big trend is the rising popularity of natural and organic diaper rash creams. But parents are turning away, searching out products that do not contain harsh chemicals and instead rely on the gentle power of plants to care for their baby.

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The rise of telehealth has influenced the diaper rash cream market. Brands are collaborating with healthcare professionals to provide online consultations, enhancing credibility and offering parents personalized guidance on rash management. The integration of smart technology into diaper rash creams is gaining traction. QR codes, apps, and digital platforms provide real-time information, usage tips, and tracking features, enhancing the overall customer experience.

Brands are recognizing the significance of customized solutions. Diaper rash creams tailored to specific skin types and conditions, along with packaging personalization, resonate with parents seeking tailored solutions. An emerging trend is the recognition of diaper rash issues in male infants. Brands are addressing this often-overlooked concern through targeted marketing and specialized products, acknowledging the distinct needs of baby boys.

Key Takeaways from the Market

The United States secures the forefront with a projected 5.5% CAGR until 2033.
Pioneering, China envisions a 5.3% CAGR surge by 2033.
Germany readies for a 5.4% CAGR advancement by 2033.
FMI’s forecast portrays an impressive 5.9% CAGR expansion in the infant category by 2023.

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“Thriving through innovation, the diaper rash cream industry presents dermatologist-endorsed formulations known for their gentle properties. Sustainability trends, natural ingredients, and pediatric collaborations are reshaping this vital childcare segment”, remarks an analyst at FMI.

How Key Players are revolutionizing the Diaper Rash Cream market?

Key players are orchestrating a profound revolution in the diaper rash cream market, wielding innovation as their guiding beacon. These industry frontrunners are crafting a new narrative of care and comfort, redefining the benchmarks of efficacy and safety. Through meticulous research and cutting-edge formulations, they are conjuring diaper rash creams that not only shield tender skin but also cater to evolving parental preferences.

Drenched in scientific advancements, these creams boast microbiome-friendly ingredients, plant-derived actives, and personalized solutions, aligning seamlessly with the modern ethos of holistic well-being. Sustainable packaging, AI-powered consultations, and pediatrician endorsements further amplify their impact, forging deeper bonds of trust with caregivers.

This revolution transcends conventional boundaries, bridging the realms of infant care and adult needs. Key players are not just crafting products; they are sculpting experiences, offering a balm to worries and a promise of uncompromising quality. As they unfurl this era of transformation, the diaper rash cream market is evolving into a nurturing haven, driven by innovation, empathy, and a relentless pursuit of excellence.

Product Portfolio

Bayer AG presents a diverse product range, spanning pharmaceuticals, consumer health, and agricultural solutions. Their portfolio embodies scientific excellence, delivering innovative healthcare products, crop protection, and cutting-edge research to address global challenges.

Unilever offers a comprehensive product portfolio across food, home, and personal care. With a commitment to sustainability, their range encompasses iconic brands, nourishing food options, and eco-friendly household and beauty solutions.

More Insights Available

Future Market Insights offers an unbiased analysis of the diaper rash cream market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the diaper rash cream market, the report is segmented on the basis of Ingredient (Organic and Conventional), End User (Infants and Adults), Application (Household, Hospitals and Clinics and Day Care), Sales Channel (Hypermarkets/ Supermarkets, Specialty Retailers, Multi-brand Stores, Drug Stores and Pharmacies, Online Retailers and Others), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Key Players

Bayer AG
Unilever
Tubby Todd Inc.
The Himalaya Drug Company
Beiersdorf Inc.
Sebapharma
Babo Botanicals LLC
Johnson & Johnson
The Honest Company Inc.
Summer Laboratories
The Natural Baby Company
Prestige Consumer Healthcare Inc.
Dani Kenny Co.
Earth Mama Organic Company
Weleda Company

Market Segmentation

By Ingredient:

Organic
Conventional

By End-User:

Infants
Adults

By Application:

Household
Hospitals and Clinics
Day Care

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Retailers
Multi-brand Stores
Drug Stores and Pharmacies
Online Retailers
Others

By Region:

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

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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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Smart Insole Market is Projected to Reach US$ 461.43 Million by 2033 | FMI

The global smart insole market is anticipated to reach a valuation of US$ 165 million in 2023 and is expected to exhibit a compound annual growth rate (CAGR) of 9.8% from 2023 to 2033 and reach US$ 461.43 million in 2033.

Also the smart insole is known as a gait analysis equipment embedded along the footwear soles that continuously measures the movement of a person. While cheap sensors are employed, the gait features is calculated and continuously transmitted to such devices as smart watches and also mobile phones.

Besides, the tendency of healthcare market to use smart insole for monitoring the patient’s motion creates a great opportunity that will unleash real possibilities. Growing health consciousness among the population in the advanced economies such as North America and Europe is poised to drive the market growth over long-term.

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The demand for smart insoles has hugely grown over the last half-decade due to the consumer preference towards shoes equipped with a smart insole. Due to the above characteristics of a smart insole, it has become quite popular in healthcare and filled with fueled market growth for smart insoles throughout the historical period.

Additionally, the smart insole used by the sports industries for using multiple sensors on the athlete’s footwear to monitor gait features is likely to propel and the smart insole market over forecast period.

Rising demand from sports and health care applications has positively impacted smart insole market. Attributed to aforementioned scenarios, global smart insole market is forecast to witness absolute growth at a higher digit CAGR between 2020 and 2030.

COVID-19 to Boost the Smart Insole Market

COVID-19 or Novel corona virus has not only shattered the movement of the people but also the production across every sectors including smart insole industry.

But in the perspective of the smart insole market growth, demand of smart insoles has risen by the consumers in order to track their health stats like diabetes, gait and bundle of other health issues.

Moreover, demand from the healthcare industry has been doubled in last few months to track the gait problems in COVID-19 patients. Research conducted by Keck School of Medicine in 2018, shows that smart insole could detect an infection proves its immense potential at the times of COVID-19 pandemic.

Pandemic has negatively impacted the prices of the smart insole owing to the surge in demand of smart insole.

Smart Insole Market: Regional Outlook

From regional perspective, North America holds largest market share in global smart insole market. Increase in healthcare spending per capita in United States has fueled the demand for smart insoles.

For instance, according to United States National Health Expenditure Accounts (NHEA), U.S. health care spending increased by around 4.6 percent in 2018, reaching US$ $3.6 trillion or $11,172 per person, 3.8 trillion in 2019 which is expected to increase by US$ 4.01 trillion in 2020.

As per CMS estimates the healthcare spending is projected to rise by US$ 6 trillion till 2028. This provides an immense potential for smart insoles market growth in the healthcare arena.

Europe accounts for more than quarter of the demand share of smart insole market. Growing awareness of improving health and healthcare infrastructure in the region is set to encourage the demand for smart insoles over the forecast period. Followed by Europe,

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East Asia accounts for less than one-tenth of the demand share of smart insole. Region portrays an increasing market potential owing to increasing healthcare spending. South Asia & Oceania, Latin America and Middle East & Africa account for minute share owing to the limited utilization of smart insole in these region

Smart Insole Market: Key Players

Key players in global smart insole market are

Lechal
Kinematix
Wiiv Wearables
Digitsole
ReTiSense
Dr. Scholl’s (Bayer)
Implus
Adidas
FootLogger
Sidas
HCi Viocare Technologies
Moticon
Bonbouton

Global smart insole market is partially fragmented in nature with presence of many international players. Key players in market are focused towards expansions through research & development. These players aim to provide a scattering range of smart insole suited for different purposes.

For instance, in March 2020, Google, Adidas, and EA collaborated on a new smart insole which is used for video gaming application.

The research report presents a comprehensive assessment of the smart insole market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The Smart Insole Market Report Covers Exhaustive Analysis On

Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The Smart Insole Market Regional Analysis Includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia, Poland & CIS)
East Asia (China, Japan, South Korea)
South Asia (India, Malaysia, Indonesia, Australia, New Zealand & Thailand)
Middle East & Africa (GCC Countries, South Africa, Turkey)

The smart insole report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The smart insole report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The smart insole report also maps the qualitative impact of various market factors on market segments and geographies.

Segmentation analysis of smart insole Market

The global Smart insole market is bifurcated into four major segments: insole type, material type, end-use and region.

Insole Type

Comfort Insoles
Molded Insoles
Custom Orthotics

Material Type

Polypropylene
Leather
Other

By End-use

Sports
HealthCare
Others

By Geographic Regions

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

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Unveiling the Crystal Ball on a Projected US$ 19.4 Billion Butterfly Valves Landscape by 2033 – Insights from Future Market Insights, Inc

According to FMI, the butterfly valves market size will be worth US$ 10.3 billion in 2023, and US$ 19.4 billion by 2033. Sales of butterfly valves are projected to increase by 6.5% over the projection period.

With the growth of technology and innovations in the industrial automation market, the demand for butterfly valves is expected to increase. For example, NelesTM NeldiscTM metal-seated and JamesburyTM Wafer-SphereTM soft-seated butterfly valves are designed for long-term performance. Soft-seated and metal-seated butterfly valves are both part of a wide range. Control valves and on-off applications benefit from the industry’s top butterfly valves with SIL3 certification.

The devices have wide applications in various process media and industries, particularly in water treatment, distribution, collection, and pump stations, particularly in flow isolation. As a result of their simple construction, compactness, and smaller installation footprints, they perform faster than other valve families and are lighter in weight and cost.

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There are significant advantages to using butterfly valves in certain applications, especially when the dimension exceeds 200 mm (DN 200) in size:

Due to their compact designs and ease of installation demand is set to expand.
Their inherently simple and economical design eliminates many wear points by having fewer components.
Butterfly valves are often more economical than other valve types due to their simpler design and simpler manufacturing process.
The butterfly valve is widely used in a variety of applications, including underground installation

Key Takeaways from this Market:

Based on FMI research, the United States is projected to hold almost 78.70% of the global market in 2033.
Butterfly valve sales in South Korea are expected to grow at a CAGR of 6.2% by 2033.
In 2023, it is anticipated that the butterfly valve sector in China will hold a market share of 42.2%.
Butterfly valves in Japan are predicted to grow at a CAGR of 6.4% over the forecast period.
By 2033, the high-performance segment of the butterfly valve market is predicted to command nearly 6.4% of the market’s CAGR.
By 2033, the eccentric valve mechanism will dominate the butterfly valve industry with a CAGR of roughly 6.3%.

“During the last few years, the market for butterfly valves has seen a significant increase in sales largely because of improvements in materials, improvements in manufacturing processes, and new designs,” – remarks an analyst at FMI.

How Key Players are Transforming the Manufacturing of Butterfly Valves?

Butterfly valves are competitively priced and are offered by a wide variety of global manufacturers. Market leaders include:

Alfa-Laval Corporate AB
AVK Group
Cameron
Crane Co.
Curtiss-Wright Corporation
Emerson Electric Co.
Flowserve Corporation
KSB Group
Velan Inc.
Weir Group

To gain a competitive edge over their competitors, industry participants also fund research and development projects.

Players in the industry are confronted with several challenges, such as rising raw material prices, a highly competitive environment, and the lack of awareness of butterfly valves in the marketplace.

Marketing campaigns are being conducted to raise consumer awareness about low-cost, highly effective butterfly valves that are being developed by businesses.

Recent Developments:

In May 2023, ChargePoint Technology and Famat Sampling will collaborate to address one of the toughest containment problems in the industry. A pharmaceutical supplier has developed a valve solution that allows operators to keep sterile integrity during production while taking a product sample for quality analysis. A highly potent and sterile powder sample can be taken using ChargePoint Technology’s split butterfly valve combined with Famat Sampling’s 125-TC/OEL valve.
In June 2023, Munson Machinery, Utica, New York, USA, will release the VB-1-S316, a 28-liter Vee Cone Blender designed to blend uniformly within 15-30 minutes with minimal degradation of products. Blenders are constructed of 316 stainless steel, which can be finished for use in food, dairy, pharmaceutical, or industrial industry applications.

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More Valuable Insights Available:

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

To understand opportunities in the market, the report is segmented based on type (high-performance and lined), mechanism (eccentric valves and centric valves), function (on/off valves and control valves), and application (oil & gas, water & wastewater, chemicals, power generation, and others) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By Type:

High-performance
Lined

By Mechanism:

Eccentric Valves
Centric Valves

By Function:

On/Off Valves
Control Valves

By Application:

Oil & Gas
Water & Wastewater
Chemicals
Power Generation
Others

By Region:

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

About Future Market Insights (FMI)

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

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

Probing the Uncharted Expansion of Cylinder Deactivation Systems – Illuminating Insights by Future Market Analysis

Analysis conducted by Future Market Insights (FMI) reveals that the Cylinder Deactivation Systems (CDS) Market is estimated to register a sum of US$ 4.5 billion by the end of 2023. It is projected to reach US$ 7.1 billion by 2033 while growing at 4.6% CAGR during the forecast period 2023 to 2033.

Overhead camshaft design is estimated to dominate the valve actuation method segment in terms of Market share by 2033. Sales are likely to register a 4.2% CAGR during the assessment period.

A cylinder deactivation system (CDS) is an innovative technology that helps in reducing fuel consumption and improving engine efficiency. This is achieved by deactivating some of the engine cylinders when not in use during cruising and low-power modes. It has been gaining popularity among automotive manufacturers and consumers alike due to its ability to optimize the performance of an engine, while also increasing mileage.

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Increasing global emphasis on fuel economy and emissions regulations have made the adoption of CDS more critical for manufacturers to comply with environmental regulations and improve fuel efficiency. It has become important for consumers as automobiles with CDS systems provide significant advantages in fuel consumption over the medium to long-term, to non-CDS vehicles.

The advancements in engine design and control systems have allowed for the development of more efficient and reliable CDS technologies, which have contributed significantly to the growth of this Market.

With increasing awareness of climate change and the need to reduce carbon emissions, eco-friendly vehicles have become more popular. CDS technology is one of the forerunners helping achieve this goal.

Consumers are becoming more informed and demanding about fuel efficiency, and as such, manufacturers are focusing on improving the fuel efficiency of their vehicles using technologies such as CDS.

Several players in the automotive industry are partnering to improve their CDS technology and develop new solutions. This trend has led to a more competitive Market, with the benefits of technology transfer and knowledge sharing becoming apparent with every new batch of automobiles produced.

Hybrid vehicles are increasingly being adopted by consumers and manufacturers alike, and CDS technology is often used in conjunction with hybrid powertrains to improve efficiency and reduce emissions.

As automotive Markets continue to expand globally, especially in emerging economies, the demand for fuel-efficient vehicles is on the rise. CDS technology is becoming an essential requirement in these Markets, where fuel prices and environmental concerns are significant factors.

There are also some challenges and risks that need to be considered in the CDS Market. These include high implementation costs, compatibility issues with other engine technologies, and potential reliability issues with the system. The Market is highly competitive, with numerous players vying for Market share and technological dominance.

Key Takeaways:

The global Cylinder Deactivation Systems Market is estimated to be valued at US$ 4.5 billion by 2023 end.
The United States is set to register a sum of US$ 1.2 billion in the Market by 2033.
China is forecast to expand at 4.5% CAGR in the Asia Pacific Market between 2023 and 2033.
By component, the valve solenoid division is poised to grow at 4.4% CAGR during the projected timeframe of 2023 to 2033.
Based on the valve actuation method, the overhead camshaft design segment is set to surmount at 4.2% CAGR in the global Market.

“Technological upgradation in engine design and system is likely to drive demand for cylinder deactivation system. Manufacturers are introducing deactivation systems that are adaptable to different engines, sizes, and configurations. Product differentiation for passenger, commercial, and heavy-duty vehicles would be key to growth,” – says a lead analyst at FMI.

Who is Winning?
Key players in the Market include Aisin Seiki Co. Ltd.; Borgwarner Inc.; Continental AG; Delphi Technologies; Denso etc.

Key companies are heavily investing in research & development activities to develop and enhance Cylinder Deactivation Systems. This includes improving the technology effectiveness, reliability, and integration of engine components.

Manufacturers strive to seamlessly integrate cylinder deactivation systems with engine management systems. This involves developing sophisticated control algorithms and software that monitor various engine parameters. It is used to determine the optimal conditions for cylinder deactivations.

Recent developments:

In February 2022, Cummins Inc. is pleased to acquire Jacobs Vehicle Systems (JVS), a manufacturer of motor braking systems, cylindrical removal, start/stop technologies, and thermal management systems.
In October 2019, Mitsubishi Electric Corporation recently revealed the start-up of a new factory in Gujrat, India. In the Indian Market, the company’s new factory will increase the output of items like motors, controllers for electrical steering, recirculating exhaust gas valves, and enormous magnet-resistance sensors.

Get More Valuable Insights:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Cylinder Deactivation Systems Market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the Cylinder Deactivation Systems Market based on components (valve solenoid, engine control unit, and electronic throttle control), valve actuation method (overhead camshaft design, pushrod design), and end-use (passenger cars, light commercial vehicles) across various regions.

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Key Segments Profiled:

By Component:

Valve Solenoid
Engine Control Unit
Electronic Throttle Control

By Actuation Method:

Overhead Camshaft design
Pushrod Design

By End-use:

Passenger cars
Light Commercial Vehicles

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani