Smart Shoes Market Set to Reach a Staggering US$ 269.0 Million by 2033 | FMI

During the projected period, the smart shoe market is anticipated to grow at a strong compound annual growth rate of 22.7%. By 2033, the market is projected to have grown to a value of US$ 2.1 billion, from its projected share of US$ 269 million in 2023.

Fueled by a surging interest in health and fitness, smart wearables are experiencing a meteoric rise, and smart shoes are poised to follow suit. Their ability to track crucial data like running routes, calories burned, and activity speed makes them not just a technological marvel, but a coveted tool for the health-conscious consumer. Expect to see smart shoes cement their place among the most desirable products in the years to come, as their functionality seamlessly integrates with our evolving pursuit of well-being.

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Other important technologies such as GPS navigation are also likely to uplift applicability of smart shoes in the tech savvy age. According to FMI’s analysis, navigation shoes will remain bestselling in the smart shoe market, accounting for more than half of the global smart shoe sales. Step counting smart shoes are also cited as a popular category among consumers of smart shoes.

With leading manufacturers of smart shoes concentrating on enhancing overall customer experience by investing more efforts in improving the cushioning effect, stability, road-holding ability, breathability, shock absorption, and light weight, the report is anticipating more innovation in the smart shoe industry, translating into higher traction for innovative offerings in the smart shoe category.

Key Manufacturers of Smart Shoes Preferring Technological Collaborations, Targeting New Product Launches

The market is dominated by global brands such as Under Armour, Nike, and Puma among others. However, the study highlights that Chinese players have been strategizing on strengthening their market footprint, recently, boosting the level of competition further.

Moreover, relatively smaller, private-label brands are securing their position in the global smart shoe market by offering competitively priced products, which is likely to emerge as a point of concern for industry giants in the long run.

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From Nike’s self-lacing sneakers launched a couple of years ago, followed by Li Ning’s smart shoes enabled with military-grade motion sensors, in partnership with Xiomi, product innovation has been the most preferred developmental strategy among leading players.

Over innovation, leading companies in smart shoe market are entering strategic partnerships with tech giants.

The strategic partnership between SR Max (SR Max Slip Resistant Shoes) and Sole Power, LLC to jointly develop self-charging smart work boots, and that between Genesis Rehab Services and Sensoria Fitness for the development of a smart footwear product for diabetes patients, mark some of the recent examples.

Puma’s relaunch of the oldest RS-Computer Shoes (2022) initiated a trend wave of launching older products in the category, with technological and feature upgrade.

The report has a dedicated section for strategic profiles of some of the most prominent players actively competing in the global smart shoe market landscape. A few among them include Puma, Under Armour, Adidas, Li Ning (Xiaomi), Nike, Salted Venture, Digitsole, Orphe, Powerlace, Intellinium, GTX Corp, Lechal Company, EasyJet, and E-Vone.

Smart Shoe Market By Category

By Product Type:

  • Step Counting Shoes
  • Positioning Shoes
  • Navigation Shoes

By End User:

  • Adult
  • Children
  • Senior Citizen

By Consumer Orientation:

  • Male
  • Female
  • Unisex
  • Boys
  • Girls

By Application:

  • Healthcare Footwear
  • Smart Safety Footwear
  • Sports Footwear
  • Comfort Footwear

By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Specialty Stores
  • Multi-Brand Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Isostatic Market Accelerates with a 10.1% CAGR Propelled by Automotive Industry Influence by 2033

The global isostatic pressing market is expected to be valued at US$ 8.7 billion by 2023. It is expected to reach US$ 22.7 billion by 2033. Over the forecast period of 2023 to 2033, the market is expected to grow gradually at a CAGR of 10.1%. According to Future Market Insights (FMI), the market grew at a reasonable 11.2% CAGR between 2018 and 2022. It was worth US$ 7.8 billion in 2022.

The isostatic press market serves several sectors such as aerospace, automotive, energy, medical, and defense. In the aerospace sector, isostatic presses are used to produce high-strength, lightweight, complex-shaped parts.

Lightweight and durable parts are crucial since they contribute to the efficiency and performance of aerospace vehicles. The automotive industry uses isostatic presses to manufacture precision parts such as engine parts, gears, and pistons.

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The energy sector benefits from isostatic pressing in the manufacture of turbine blades, fuel cells, and nuclear fuel assemblies. In the medical field, isostatic presses are used to produce implants, dentures, and surgical instruments with excellent biocompatibility and mechanical properties. The defense industry also uses isostatic presses for applications such as armored parts and ballistic protection.

Technological advances in isostatic pressing have increased the efficiency, accuracy, and automation of the process. The development of advanced materials such as ceramic composites and metal alloys has expanded the range of isostatic pressing and enabled the production of components with superior mechanical, thermal, and electrical properties.

Environmental concerns are also impacting the isostatic press market, which focuses on reducing material waste, optimizing material use, and improving energy efficiency.

Manufacturers are also implementing advanced technologies to produce high-quality products that cater to consumers’ evolving preferences.

Key Takeaways from this market:

  • The United States is estimated to be valued at US$ 3.9 billion, having grown at a CAGR of 10.1% by 2033.
  • China is projected to be valued at US$ 4.9 billion, having grown at a CAGR of 10% by 2033.
  • The United Kingdom Isostatic Pressing Industry is likely to witness a CAGR of 9.8% from 2023 to 2033.
  • Based on component type, the system segment is expected to surge at a CAGR of 9.8% through 2033.
  • In terms of type, the hot category is projected to showcase a CAGR of 9.7% from 2023 to 2033.

“The isostatic press market continues to advance in equipment design, tooling, and process technology. Improved press designs, pressure vessels, and sealing systems are developed to improve efficiency, productivity, and safety. Constant innovations increase consumer confidence in isostatically pressed products and help broaden the customer base for providers,“ – says a lead analyst at Future Market Insights (FMI).

Who is Winning?

Abra Fluid; American Isostatic Presses (AIP); Arconic; Bodycote; and Crystal Technologies are the few leading players operating in the market.

Competitive Landscape:

Key companies in the Isostatic Pressing Industry are investing in research & development to create new and improved services and features.

A few other firms are directed toward mergers and acquisitions, collaborations, and partnerships with local companies to expand their product offerings, expertise, and resources. This would let them develop advanced technologies faster.

For instance,

  • In April 2023, Quintus Technologies advanced a toolbox capable of obtaining unoxidized part surfaces subsequently Hot Isostatic Pressing (HIP), eradicating difficult, costly, or dangerous pre- and post-treatments.
  • In January 2023, Trive Capital acquired Kittyhawk, Inc., a foremost provider of hot isostatic pressing (“HIP”) services to a variety of industries, including space, commercial aerospace, defense, and medical applications.

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Get More Valuable Insights:

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

The study incorporates compelling insights on the Isostatic Pressing Industry based on component (systems, services) type (hot, cold) across several regions.

Key Segments Profiled:

By Component:

  • Systems
  • Services

By Type:

  • Hot
  • Cold

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   

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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Gemstone Market Elegance on the Rise, Anticipated US$ 55.96 Billion by 2033, Propelled by a 5.6% CAGR | FMI

The gemstone market is projected to be worth US$ 32.38 billion in 2023 and is anticipated to grow to US$ 55.96 billion by 2033, according to recently released research from Future Industry Insights (FMI). Through 2033, the market is projected to grow at a compound annual growth rate of 5.6%. 50% of the whole gem and jewelry market is made up of the gemstone segment.

The gemstone market is sparkling with growth, fueled by an insatiable appetite for jewelry, crystals, and shimmering accessories. This surge isn’t just about vanity; it’s driven by rising disposable incomes and evolving lifestyles, where adornment becomes a statement of self-expression. Additionally, the rise of synthetic gems, offering dazzling hues at accessible prices, has opened doors for a wider audience.

Millennials and Gen Z, the trendsetters of our time, are embracing colored gemstones, adding a splash of individuality to their wardrobes. And diamonds? They’re still the perennial favorites, with lab-grown alternatives offering a more ethical and budget-friendly option. In short, the gemstone market is thriving, reflecting a deeper desire for beauty, self-expression, and perhaps, a sprinkle of magic.

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The increasing consumer demand for synthetic and lab-grown diamonds is likely to contribute to the steady expansion of the global gemstones market throughout the forecast period. The integration of gems in jewelry goods is also among the key factors anticipated to propel the expansion of the gemstones market during the forecast period.

Given the enormous sales of diamond jewelry in the United States, North America is the leading region in the gemstone market. The industry is expanding dramatically as a result of the rise in demand for premium gemstones and other rare and distinctive stones. This expansion is related to an increase in consumer expenditure per person on premium ornamental products.

KEY TAKEAWAYS

  • The market in the United States accounted for 84.1% share in North America.
  • In 2022, Japan held a 35.3% market share in Asia Pacific.
  • India seized 31.6% of the Asia Pacific gemstone market.
  • China held 28.4% of the market in Asia Pacific
  • Germany accounted for 15.2% of the Europe gemstone market in 2022.

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Other Key Players Operating in the Gemstone Market

  • Anglo American PLC
  • Petra Diamonds Limited
  • Rockwell Diamonds Inc.
  • Gem Diamonds Limited
  • PJSC ALROSA
  • Swarovski Group
  • Rio Tinto Diamonds
  • DebswanaDiamond Company (Pty) Limited
  • LucaraDiamond Corp.
  • Botswana Diamonds P.L.C
  • Fura Gems Inc.
  • Dominion Diamond Corporation
  • Mountain Province Diamonds Inc.
  • Pangolin Diamonds Corporation
  • Stornoway Diamond Corporation
  • Arctic Star Exploration Corp.
  • Trans Hex Group Ltd.
  • Merlin Diamonds Limited
  • KGK Group
  • Pala International Inc.
  • MIF Gems Co Ltd.

These players are involved in various activities, such as exploration, extraction, processing, cutting, and polishing of gemstones. They also engage in designing and marketing jewelry products to consumers as well as investing in research and development to improve the quality and efficiency of gemstone production. They also participate in industry organizations to collaborate on sustainability, transparency, and ethical practices.

RECENT DEVELOPMENTS

In November 2022, The House of Meraki x Gemfields J’aime collection was published soon after Gemfields confirmed their partnership with the House of Meraki. Exquisite items from the J’aime line are built exclusively of emeralds from the Kagem mine in Zambia.

In October 2022, through a new partnership with Tracemark and FACET, Greenland Ruby advanced the cause of a sustainable and accountable industry. By introducing a special selection of jewelry items that are only available from the top upscale jewelers in Europe, they teamed up on the path to sustainability.

Gemstone Market by Category

By Product Type :

  • Diamond
  • Emerald
  • Ruby
  • Sapphire
  • Alexandrite
  • Topaz
  • Others

By End User :

  • Jewellery & Ornaments
    • Bangles
    • Necklaces
    • Pendants
    • Earrings
    • Rings
    • Anklets
    • Brooches
  • Luxury Art

By Product Format :

  • Natural
  • Synthetic

By Region :

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Tracing the Dynamic Evolution of Terrain Awareness and Warning Systems in the Market Horizon

In 2023, the single-loop controller market is expected to grow to a value of more than US$ 101.3 million. By 2033, it’s expected to be valued at US$ 170.0 million. From 2023 to 2033, the market is expected to grow at a CAGR of 5.3%.

In industrial automation systems, single-loop controllers are frequently used to regulate temperature, pressure, flow, and level variables. Single loop controllers are in huge demand since automation continues to be adopted widely across a range of sectors to manage and maintain flawless process parameters.

Single loop controllers allow for setup and personalization attributes, which increases their adoption across industries. These controllers are an excellent tool for a variety of applications across various industries since they are easily programmable and customizable according to unique process requirements.

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Many complex and feature-rich single-loop controllers have emerged as a result of technological advancements, which are contributing to the market’s expansion. These improved controllers provide enhanced precision, quick reaction times, sophisticated control algorithms, and integration with digital communication protocols.

Asia Pacific is predicted to dominate the global market, with China leading the region’s growth. Automation and control system technology has advanced significantly in China. The single-loop controller market in China has grown as a result of the emergence of sophisticated control algorithms, sensor technologies, and digital platform integration.

Control systems are necessary for the effective functioning of China’s advancing infrastructure development projects, including its transportation networks, power plants, and smart cities. Single loop controllers are essential in these infrastructure projects for controlling numerous parameters.

Key Takeaways From the Terrain Awareness and Warning System Market Report:

  • The global single-loop controller industry size developed at a CAGR of 2.1% from 2018 to 2022.
  • In 2018, the global market size stood at US$ 91.0 million.
  • The global market size valued at US$ 99.0 million in 2022.
  • The oil and gas plants segment is predicted to expand at 4.9% CAGR from 2023 to 2033.
  • The temperature controller segment is anticipated to thrive at a CAGR of 5.1% during the forecast period.
  • The single loop controller market in China is predicted to register a 6.7% CAGR during the forecast period.
  • The market in Japan is estimated to expand at 5.5% CAGR during the forecast period.
  • The market in the United States for single-loop controllers is projected to expand at 3.7% CAGR from 2023 to 2033.

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Single Loop Controller Market Segmentation:

By Type:

  • Temperature Controller
  • Service
  • Level Controllers

By Display Type:

  • LCD
  • LED

By Panel Cutout Size:

  • ¼ Din
  • 1/8 Din
  • 1/16 Din
  • 1/32 Din

By Application:

  • Oil and Gas Plants
  • Petrochemical Plants
  • Power Plants
  • Chemical Plants
  • Iron and Steel Plants
  • Others

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   

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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Lip Powder Market Expected to Soar, Predicted Value Exceeding US$ 821.4 Million by 2033 | FMI

The overall valuation of the total lip powder is estimated to be around US$ 467.4 million. These days a strong demand for lip powder is being observed among women, which is projected to expand throughout the projection period at 5.8% CAGR. By 2033, the global lip powder market value is forecasted to reach US$ 821.4 million.

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

According to FMI’s research, this innovative twist on classic lip color is yet to hit its peak, holding immense potential for growth in the beauty and personal care industry. It’s not just a fleeting fad, either. Lip powder presents a compelling alternative to its stick-and-swipe counterpart, offering unique advantages that are fueling its meteoric rise. In simpler terms, get ready for lip colors that transcend the limitations of traditional lipsticks, ushering in a new era of velvety finishes, weightless wear, and customizable coverage. Get ready for the lip powder revolution.

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Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.

Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.

Product Innovations – Key to Success in Lip Powder Market

Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.

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Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.

However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.

Key Players in the Lip Powder Market Profiled in Report

Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.

Some of the key participants profiled in the global lip powder market

  • L’Oréal S.A.
  • Maybelline LLC
  • MAC Cosmetics
  • By Terry
  • NARS Cosmetics
  • Stellar Beauty
  • Urban Decay Cosmetics
  • NYX PROFESSIONAL MAKEUP
  • BUXOM Cosmetics
  • Clinique Laboratories, LLC
  • CLE COSMETICS
  • Lique Cosmetics
  • Revlon, Inc.
  • Christian Dior SE
  • Cult Beauty Ltd.
  • CHANEL Company
  • Essence Cosmetics
  • Sephora USA, Inc.
  • Huda Beauty
  • Younique, LLC

Global Lip Powder Market Segmentation

By Form:

  • Palettes
  • Pens

By End User:

  • Under 18 Age Group
  • Up to 30 Age Group
  • Up to 45 Age Group
  • Above 45 Age Group

By Sales Channels:

  • Specialty Outlets
  • Convenience Stores
  • Beauty Stores
  • E-Retailers
  • Other Sales Channels

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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CBD Skin Care Market Predicted to Achieve Remarkable Growth at a 25.7% CAGR Until 2033 | FMI

By 2033, it is projected that the value of the global CBD skin care market will reach US$ 32,859.5 million. From 2023 to 2033, the CBD skin care providers anticipate that the market will grow at a compound annual growth rate (CAGR) of 25.7%, with a current valuation of US$ 3,327.9 million.

 The coronavirus outbreak and subsequent lockdown measures have pushed consumers to focus their spending on essential commodities. Disruptions to raw material supplies have also impacted the market. 

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However, strong demand for CBD skin care products is helping in recovery of the industry, particularly through online distribution channels. As per newly released data by Future Market Insights (FMI), the CBD skin care market is anticipated to display a staggering 26% CAGR during the forecast period between the years 2020 and 2030.  On the other hand, the market reflected a CAGR of ~21.1% from 2013 to 2021. The share of the CBD skin care market in its parent market (skin care market) is close to ~1%-2%. 

CBD Skincare Market- Critical Takeaways 

  • CBD-infused serums and masks are witnessing high demand, owing to higher efficacy and easy application. 
  • Hemp based skin care products are witnessing relatively higher demand than marijuana alternatives owing to high efficiency as emollients, surfactants, conditioner, and cleansers. 
  • North America remains the leading market for CBD skincare products owing to widespread legalization efforts in Canada and the United States. 

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CBD Skincare Market- Drivers 

  • Legalization of marijuana and cannabis based cosmetic products is a critical factor aiding market growth. 
  • Niche application potential for psoriasis and acne issues, derived from anti-inflammatory characteristics drive create lucrative opportunities. 

CBD Skincare Market- Restraints 

  • Fluctuation in the prices of raw materials is a key challenge faced by CBD skincare product manufacturers. 
  • Lack of legalization and lobbying for marijuana particularly in Asian countries restrains market growth. 

Coronavirus Impact on CBD Skincare Market 

With the coronavirus affecting countries around the globe, potential buyers for CBD skincare products are focusing their expenditure towards essentials. Further, the fear of recession has impacted investments into the CBD skincare market. In addition, CBD and hemp shipments have taken a hit. CBD skincare product manufacturers are focused on the optimization of global, national, and local supply chains to process shipments, while being in compliance with strict safety standards. 

Global CBD Skin Care Market by Category 

By Product Type, Global CBD Skin Care Market is segmented as: 

  • Creams 
  • Moisturizers and Lotions 
  • Balm 
  • Serums 
  • Face & Body Cleansers 
  • Others 

By Price Range, Global CBD Skin Care Market is segmented as: 

  • Economic 
  • Premium 

By Packaging Type, Global CBD Skin Care Market is segmented as: 

  • Pump 
  • Tubes 
  • Jar/ Bottles 
  • Sticks 
  • Others 

By Source Type, Global CBD Skin Care Market is segmented as: 

  • Natural & Organic 
  • Synthetic 

By Region, Global CBD Skin Care Market is segmented as: 

  • North America
  • Latin America 
  • Europe 
  • South Asia 
  • East 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 stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cold Cuts Market is likely to Reach a Valuation of US$ 1,073.66 billion by 2033 | Future Market Insights Inc.

The cold cuts market is projected to have a worth of US$ 483.71 billion in 2023 and is expected to surpass US$ 1,073.66 billion by 2033. This growth is anticipated to happen at a consistent rate of 8.3% throughout the forecast period.

The booming demand from millennials and emerging markets is expected to propel the cold cuts market revenue to a healthy CAGR. Technology advancements in the cold cuts market that enable effective operational maintenance, expanding product portfolio, sophisticated design and packaging, and sales monitoring are key growth drivers.

During the forecast period, Europe is expected to account for 36% of market growth. The principal Europe markets for cold cuts are Germany, France, and Sweden. Compared to the Middle East & Africa, North America, and South America, this region’s market is likely to grow more rapidly.

The expansion of the market in Europe over the forecast period is expected to be aided by the existence of numerous regional and international companies that serve consumers as well as the rising awareness of healthy eating practices and high-protein diets.

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The demand for cold cuts is subject to fluctuations in raw material prices, particularly for meat and poultry, which can result in higher costs for producers. Additionally, competition in the market is intense, which can lead to pricing pressures and make it difficult for companies to maintain profit margins.

The market is also subject to a range of regulations, including food safety regulations, labeling requirements, and environmental regulations, which can be complex and difficult to navigate. This can increase costs for companies and make it challenging for new entrants to enter the market.

Key Takeaways

  • Opportunities in the cold cuts market include the growing demand for convenience and high-quality food products, changing consumer preferences towards plant-based alternatives, and growth in the retail and food service sectors.
  • Key trends shaping the market include a focus on sustainability, the increasing popularity of plant-based alternatives, health and wellness labeling, premiumization, and personalization.
  • Drivers of the market include the growing demand for convenience, changing consumer preferences towards healthier and high-quality food options, and increased disposable income levels.
  • The startup ecosystem in the market presents opportunities for new and innovative products to enter the market, particularly in the specialty and organic segments.
  • Companies that can effectively leverage technology and e-commerce to reach new customers and expand their sales channels are likely to have a competitive advantage in the market.

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Competitive Landscape

The cold cuts market is highly competitive, with several established companies and new entrants vying for market share. A few of the leading companies in the market include Nestle, Kraft Heinz, Smithfield Foods, and JBS. These companies have strong brand recognition, established distribution networks, and significant resources to invest in research and development, marketing, and sales.

In recent years, there has been an influx of new entrants in the cold cuts market, particularly in the specialty and organic segments. Many of these companies are startups or small to mid-sized businesses that are focused on offering high-quality, innovative products that cater to changing consumer preferences. These companies are leveraging technology and e-commerce to reach new customers and expand their sales channels.

Overall, the cold cuts market is characterized by intense competition, with companies seeking to differentiate themselves through product innovation, brand building, and strategic partnerships. Companies that can stay ahead of the competition by responding to changing consumer preferences and adapting to new trends are likely to be best positioned for an upswing in this market.

The startup ecosystem in the cold cuts market is thriving, with new entrants bringing new and innovative products to the market. Many of these startups are focused on offering plant-based alternatives to traditional cold cuts, as well as developing new and unique flavor combinations. These startups are often nimble and able to respond quickly to changing consumer preferences and market trends, providing them with a competitive advantage.

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Key Segments

Product Type:

  • Deli
  • Packaged

Animal Type:

  • Meat
  • Others

Consumption Type:

  • Sliced
  • Non-sliced
  • Lunch Kits

Distribution Channel:

  • Hypermarket/Supermarket
  • Convenience Stores
  • Specialty Retailers
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Starter Cultures Market Latest Trends, Demand, Growth, Opportunities & Outlook Till 2033

The worldwide sales of starter cultures, which were previously estimated to be worth around US$ 1,123.1 million in 2022, are now expected to boost up. Currently, in the year 2023, the global starter cultures market value is figured out to be around US$ 1,191.6 million. Further, it is expected to develop with a higher average CAGR of 6.1% over the projected period and reach US$ 2,154.3 million by 2033.

Sales volume of different types of fermented foods has increased over the last decade, creating a lucrative industry of yogurt bacteria culture. The starter market is expected to progress further as a result of the rising dependability of low-fat dairy-based goods and functional beverages.

The market is getting strengthened by changing tastes and preferences and acceptance of packaged dairy products by consumers, along with their rising health concerns. In addition, rising public awareness of the starting culture’s health advantages is anticipated to create new opportunities for the key market players.

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Key Takeaways from the Starter Cultures Market Study Report

  • The demand for starter cultures in the United States market is estimated to be worth around US$ 306 million in the present year 2023.
  • Whereas, in the Asia Pacific region, China is the leading producer of starter cultures and is anticipated to register a 9.8% CAGR through 2033.
  • The demand for starter cultures in Germany, with many private companies for packaged food and beverages, is projected to record a 4.5% CAGR through 2033.
  • The adoption rate of starter cultures in Canada is anticipated to remarkably grow during the forecast years, at a 5% per year rate.
  • Meanwhile, the mold category of microorganisms for the starter cultures market may register a 5.1% CAGR through the forecast years.
  • Due to the increased demand for cultured milk products and their use in the production of cheese and butter dairy products, the application segment held the dominant market share in 2022.

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Competitive Landscape

Angel Yeast Co Limited, Benny Impex, Biena Snacks, Chr. Hansen Holding A/S, Ingredion Incorporated, CSK Food Enrichment B.V., Danisco A/S, Dohler Group, Dalton Biotechnologies S.R.L., Genesis Laboratories, DuPont’s Nutrition and Biosciences, Lallemand Inc., Meat Cracks Technologies GmbH, Lesaffre Group, Kerry PLC, Mediterranean Biotechnologies Srl. Koninklijke DSM N.V., Meiji Holdings Company Limited, Sacco S.R.L, Mad Millie, Saputo Inc., Wyeast Laboratories Inc., Caldwell Company, Lactina Ltd. Co., Natren Inc., Lb Bulgaricum PLC, and Biocatalysts Limited among others are a few prominent players in the global starter cultures market.

To remain competitive in the market, prominent starter culture market players are focusing on product development according to region-specific requirements. For example, DuPont Danisco LPC 800, Yo-Mix Prime, and Yo-Mix Fast 1.0 are three cultures that Dupont Nutrition and Bioscience Company introduced in January 2020. The conglomerate targeted this product mostly as a solution for yogurt makers in the Chinese market.

Recent Developments

  • In January 2022, International Flavors & Fragrances (IFF) Company declared an additional outlay for the development of next-generation starting cultures. The company increased its investment to increase the fitness of strains made from plant-based materials, in partnership with the Technical University of Denmark (DTU).
  • In May 2021, Chr. Hansen Holding A/S Company introduced VEGA, which is a vegan yogurt starter culture kit. The new product consists of starter cultures that can be easily customized as per requirements, and contain probiotic and bioprotective strains.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now to gain access to detailed information about each segment

Key Segments

By Microorganism Type:

  • Bacteria
  • Yeast
  • Mold
  • Others

By Type:

  • Lactic Starter Culture
  • Non-lactic Starter Culture

By Form:

  • Dried Starter Culture
  • Liquid Starter Culture
  • Frozen Starter Culture

By Microorganism Growth Temperature:

  • Mesophilic Starter Culture
  • Thermophilic Starter Culture

By Application:

  • Starter Culture for Dairy and Dairy-based Products
  • Starter Culture for Meat & Seafood
  • Starter Culture for Bakery Products
  • Starter Culture for Alcoholic Beverages
  • Starter Culture for Non-alcoholic Beverages
  • Starter Culture for Organic Fertilizers
  • Starter Culture for Other Applications

By Composition:

  • Single Strain Starter Culture
  • Multi-strain Starter Culture
  • Multi-strain Mix Starter Culture
  • Other Starter Cultures

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fruit Jams, Jellies, and Preserves Market to Attain a Valuation of US$ 1.87 billion by 2033 | Future Market Insights Inc.

 The fruit jams, jellies, and preserves market are expected to advance at a CAGR of 5.4% between 2023 and 2033. The FMI researchers have opined that the market size in 2023 is expected to be US$ 1.87 billion. By 2033, the valuation is expected to cross US$ 3.16 billion.

There has been a surging demand for clean-label ingredients as these help in extending shelf life and improve product inventory. The fruit jams, jellies, and preserves make use of clean labels, which has ultimately increased consumer confidence in the product.

The demand for fruit jams, jellies, and preserves is expected to surge as these make use of organic products. The biggest advantage of consuming organic products is that they are safe for the environment and contain a high amount of nutrients.

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In the current times, manufacturers are fortifying fruit jams, jellies, and preserves with extra nutrients. The manufacturers are also introducing different flavors, which are expected to further expand the market. This is done in a bid to focus particularly on small children.

Owing to rapid urbanization, people have started leading a sedentary lifestyle. This has led to long working hours, as a result of which people hardly have any time to cook food by themselves. Thus, they visit mobile food stores for breakfast, wherein they mainly consume bread and jams as a virtually staple food. Such factors are expected to massively influence the adoption rate.

From the insights provided by FMI analysts, it can be inferred that ‘soaring demand for clean label ingredients, organic products, the introduction of different flavors, rapid urbanization, and many other factors are expected to surge the fruit jams, jellies, and preserves market growth during the forecast period.’

Key Takeaways:

  • The CAGR during the forecast period is expected to be 5.4%.
  • In 2023, the valuation is expected to be at US$ 1.87 billion.
  • By 2033, the numbers are expected to cross US$ 3.16 billion.
  • Based on regional analysis, North America is expected to be the dominant market. As per the CAGR, Asia Pacific is expected to rule the global market.
  • The United States market is expected to grow owing to a significant bread market.
  • Europe market might prove to be an attractive destination owing to the high consumption of royal jelly.
  • Japan market shows promising opportunities owing to the surging mobile food market.
  • South Korea market is expected to grow by leaps and bounds owing to the presence of a lucrative spreads market.
  • Based on type, the jams and jellies segment is expected to hold the leading market share.
  • Based on the distribution channel, the supermarket/hypermarket segment is expected to hold the dominant market share.

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Competitive Landscape

The key players operating in the fruit jams, jellies, and preserves market are investing in the sustainability program. Since the food sector has been generating a massive amount of land pollution, the manufacturers are keeping a check on production activities. The key players are also investing in mergers and acquisitions to expand their market presence. They are also developing strategic partnerships in order to expand their capabilities and product portfolio. The focus is also on improving the supply chain for the seamless transportation of products from one part of the world to another.

Key developments in the fruit jams, jellies, and preserves market:

  • In October 2022, B&G Foods announced Andrew Vogel as the Executive Vice president and President of Meals.
  • In June 2022, Ferrero SpA plant in Arlon was authorized to restart production in collaboration with the Belgian food safety authority.

Other Key Companies Profiled: Baxters Food Group, Murphy Orchards, National Grape Cooperative Association, Nestle India, The Hershey Company, The J.M. Smucker Company.

Market Segmentation

By Type:

  • Jams and Jellies
  • Marmalade
  • Preserves

By Distribution Channel:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail
  • Other Distribution Channels

By Region:

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

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About Future Market Insights (FMI)

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

 Contact Us:

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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Seaweeds Market Study Providing Information on Key Players, Growth Drivers and Industry opportunity by 2033

The global seaweeds market is projected to be valued at US$ 7.79 billion in 2023. A CAGR of 9.7% is anticipated for the seaweeds market between 2023 and 2033, bringing the market value to US$ 19.66 billion by 2033.

In food, animal feed, pharmaceutical, and other industries, the use of hydrocolloids such as carrageenan, alginate, and agar has expanded in recent years. As a result, both the production of algae and the demand for seaweed have increased. People are also encouraged to use seaweed in their everyday diets by the health advantages linked to the intake of macroalgal products.

One of the main reasons driving the market’s growth at the moment is the growing public awareness of the advantages of nutrient-dense food items. In addition, seaweeds are being utilized more frequently as food and additives because of their anti-microbial properties. This is assisting in the market’s expansion, as is the rising intake of seaweeds for balancing the body’s levels of estradiol and estrogen.

Consumer tastes have significantly changed as a result of rising environmental awareness, fueling the requirement for sustainable products. The rising demand for seaweed cultivation is also being fueled by the rise of veganism and plant-based foods.

Seaweed extract is used by farmers because it makes a great fertilizer for growing crops. Seaweeds also enhance soil structure, microbial composition, and water-retention capabilities. During the forecast period, these elements are anticipated to fuel product demand.

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The market is dominated by the Asia Pacific region. Over the past several years, the demand for algae has increased due to its increasing use in numerous traditional cuisines, including those of China, Japan, and South Korea. The region’s microalgae market is expanding as a result of rising food service demand. During the forecast period, market growth is also anticipated to be fueled by consumers’ growing preference for plant-based cosmetics and personal care products.

KEY TAKEAWAYS

  • During the projection period, a CAGR of 7.7% is anticipated for the market in Germany.
  • In China, the market is expected to reach a value of US$ 4.87 billion by 2033, growing at a CAGR of 13.3% during the forecast period.
  • During the projection period, a CAGR of 7.3% is predicted for the market in Japan.
  • The red seaweed segment is anticipated to proliferate at a 10.1% CAGR to reach US$ 17.63 billion by 2033.

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COMPETITIVE LANDSCAPE

The key competitors of the seaweeds market are Cargill, Incorporated, DowDuPont Inc., Seaweed & Co., Chase Organics, Irish Seaweeds, Sar Agrochemicals & Fertilizers Pvt. Ltd., Maine Coast Sea Vegetables, Inc., Shore Seaweed, Mara Seaweed, Qingdao Gather Great Ocean Algae Industry Group Co Ltd. and others.

RECENT DEVELOPMENTS

  • In January 2022, Pacific Harvest created Raw Nori Seaweed Snack Packs, a “nutrient-packed” seaweed snack. The new product, which experts describe as celebrating the “future’s top sustainable plant-based gourmet,” honors all facets of the brand.
  • In February 2021, using Gracilaria red seaweed, a common product in Europe, Cargill Inc. developed a brand-new seaweed powder. WavePure ADG 8250 is the name given to the new powder, which is introduced under the WavePure ADG range. In dairy industries, the product’s thickening and gelling capabilities are employed to create a creamy and smooth texture.

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Seaweeds Market Segmentation

By Type:

  • Red Seaweed
  • Brown Seaweed
  • Green Seaweed

By Form:

  • Flakes
  • Powder
  • Liquid

By End-use:

  • Food & Beverages
  • Agricultural Fertilizers
  • Animal Feed Additives
  • Pharmaceuticals
  • Cosmetics & Personal Care

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube