Anticipated Feed Enzymes Market Growth of US$ 1.8 Billion from 2023 to 2033 Driven by Emerging Trends and Innovations | Future Market Insights Inc.

The global feed enzymes market size is estimated to grow to US$ 1.2 billion in 2023 and is projected to reach US$ 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period.

In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative

Several developed markets have banned the use of antibiotics for livestock. As a result, feed enzymes have emerged as an alternative. Since they pose few side effects when properly used, they aid in digestion and immune boosting. Hence, a significant segment has started preferring immune-boosting feed enzymes over conventional antibiotics.

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Possible Side-Effects of Feed Enzymes, Major Hurdle to Market Growth

The vast array of benefits that can be reaped through feed enzymes is limited by physiological factors impeding enzyme action. Moreover, feeding enzymes to livestock over the prescribed limits could have undesirable consequences. The level of the enzyme to be administered to an animal depends on various factors such as age, size, breed, and such. The same can only be determined by an experienced professional such as a veterinarian. Certain enzymes when consumed improperly can cause blood thinness, diarrhea, and vomiting in animals

Key Players Keen to Cater to Niche Markets

Since feed enzymes are increasingly being preferred over antibiotics, key players are aiming to boost production efficiency.  Different livestock animals have different feed enzyme requirements depending on their characteristics. Hence, key players need to develop unique product variants to cater to the livestock market. The current forecast period is already witnessing the launch of diverse product lines, by top manufacturers such as DSM and ADM.

Key Takeaways from the Report:

  • In terms of revenue, the Feed enzymes market grew at a CAGR of around 4.8% during 2017 and 2022.
  • During the forecast period, the Chinese market is projected to grow at a CAGR of 4.3% to attain a valuation of US$ 178.4 million by 2033.
  • The Indian industry is projected to expand at a CAGR of 4.3% between 2023 and 2033 to attain a valuation of US$ 80.4 million.
  • The U.S. market is anticipated to grow at a CAGR of 4.5% during the forecast period.
  • The Carbohydrase segment is expected to grow at a CAGR of 3.8% between 2023 to 2033.

Key Market Developments:

  • Danisco Animal Nutrition recently launched the Extra PHY GOLD, a new variant of phytase enzyme.
  • The second generation of ProAct 360, which is a protease enzyme, was released by the DSM in collaboration with Novozymes Feed Enzymes Alliance.
  • ADM is all geared up to launch new R&D labs in the United States. These focus on developing sustainable variants of feed enzymes.
  • CapriEnzymes is an Indian startup that harnesses biotechnology to produce innovative enzyme variants.
  • BRI is a startup primarily focusing on the research and development of sustainable feed enzyme additives.

Key Players:

  • BASF SE
  • DuPont
  • Associated British Foods Plc
  • BEHN MEYER
  • DSM
  • Azelis S.A.
  • Rossari
  • BIO-CAT
  • BEC Feed Solutions
  • Adisseo
  • Bioproton Pty Ltd.
  • Novus International
  • BioResource International, Inc.,
  • Alltech
  • Lesaffre
  • Karyotica Biologicals Pvt Ltd.
  • Aum Enzymes
  • Biovet
  • Hansen Holding A/S
  • CapriEnzymes
  • Advanced Enzyme Technologies

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Feed Enzymes Market Segmentation

By Form:

  • Dry
  • Liquid

By Product:

  • Phytase
  • Carbohydrase
  • Protease

By Source:

  • Microorganisms
  • Plants
  • Animals

By Animal:

  • Poultry
  • Ruminants
  • Swine
  • Aquatic Animals
  • Others (Equine & Pets)

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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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Revolutionary Transformation Expected in Food Industry as Modified Flour Market Grows to USD 191,326.1 Million by 2032 | Future Market Insights Inc.

In 2022, the Modified Flour Market is anticipated to generate sales worth US$ 92,364.0 Mn. According to Future Market Insights (FMI), the global market value is anticipated to increase at a CAGR of 7.6% from 2022 to 2032, reaching US$ 191,326.1 Mn.

According to the Market Research analysis, ITC Limited, Cargill Incorporated, The Scoular Company, General Mills,Inc., The Caremoli Group, Associated British Foods plc, Archer Daniels Midland Company, The Hain Celestial Group, Inc, ConAgra Foods, Inc., SunOpta Limited, Ingredion Inc., Parrish and Heimbecker Ltd, Unicorn Grain Specialties, Buhler, Unicorn Grain Specialties are identified as key Modified Flour brands.

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The global market for modified flour has been growing as a result of the expanding product portfolios of various supermarkets and confectioneries. The usage of flour in the production of bakery goods has also aided the expansion of the global market for modified flours.

Modified flour also has helpful qualities including water suspension and high viscosity, which is a major driver of demand in the global modified flour market. Textured flours have also grown in popularity around the world, and this aspect will continue to drive expansion in the global market for modified flour in the coming years.

Increasing demand for binders and binding agents in production of specialty food products and industrial goods has driven the modification of flours and starches. In the recent past, leading flour producers in the world have shifted to modification techniques, introducing new product lines on modified flours. Specific nutritional requirements have further extended the need for modifying flours, and new techniques are being developed to make flour modification more efficient and economical.

New regulations will distort the global modified flour manufacturing landscape, and products will be subjected to multiple approvals before being used for applications.

Future Market Insights observes that the global modified flour market will expand at a moderate pace during the forecast period, 2022-2032. Apropos the insights developed in the report, the global market for modified flour is assessed to expand at an estimated CAGR of 3.6% in terms of volume over the forecast period. The report further reveals that by the end of 2032, more than 1,130,000 tons of modified flours will be sold globally.

Global Modified Flour Production to Remain Concentered in the APEJ Region
The report reveals that by the end of 2032, more than 373,000 tons of modified flour will be produced in the Asia-Pacific excluding Japan (APEJ) region. Throughout the forecast period, the APEJ region will register highest production and sales of modified flours. Favorable industrial regulations, higher access to raw materials, and robust growth in the agricultural sector will drive the presence of APEJ countries such as China and India in the global production of modified flour. The report further reveals that Europe will represent the most lucrative consumer marketplace for modified flours. By the end of 2032, Europe will account for more than 25% share on the global modified flour market volumes.

Key Findings from the Report
• The report has delivering valuable insights on how the global modified flour market will expand through 2032.
• In 2022, more than half of modified flours sold in the global market have been made of wheat. Wheat flours will continue to remain top-selling products in the global modified flour market. Meanwhile, soy flour products are expected to register high demand, reflecting a volume CAGR of 4.4% over the forecast period.
• Bakery and confectionery will be the largest application of modified flour throughout the forecast period.
• By the end of 2032, direct sales are expected to account for more than 624,000 tons of modified flours. The report also observes a growing demand for modified flours among online stores.
• The report also estimates that activated carbons will be the key ingredients used in the modification of flours during the forecast period.

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Segments Covered in Modified Flour Market Analysis

By Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

By Product Type:

  • Wheat Flour
  • Maize Flour
  • Rice Flour
  • Soya Flour
  • Others

By Application:

  • Bakery & Confectionery
  • Extruded Snacks
  • Soups
  • Packaged Food
  • Other Application

By Ingredients:

  • Activated Carbon
  • Microcrystalline Cellulose (MCC)
  • Methylcellulose
  • Carboxy-methyl cellulose (CMC)
  • Ethyl cellulose
  • Phosphorus Chemicals
  • Succinic Acid

By Sales Channel:

  • Direct Sales
  • Modern Trade
  • Departmental Stores
  • Convenience Stores
  • Online Stores
  • Other Sales Channel

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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Burgeoning Growth Expected: Banana Flour Market Projected to Achieve a 4.2% CAGR by 2032, According to Future Market Insights Inc.

The global banana flour market is set to witness growth at a CAGR of 4.2% and top a valuation of USD 865 million by 2032.

The growing awareness of the health advantages of banana flour is propelling the worldwide banana flour business forward as it is high in fiber, gluten-free, minerals, and vitamins like vitamin E, zinc, manganese, magnesium, and potassium.

It helps to regulate blood sugar levels and also aids in the reduction of cholesterol, the improvement of heart health, and the stimulation of neuron and muscle activity.

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Banana, being a climacteric fruit stores the majority of its carbs as starch. It is unique among fruits in that the majority of its starch is resistant. Resistant starch is prebiotic that boosts the number of good bacteria in the human intestines.

The human gut contains billions of germs from 300 to 500 different bacterial types. The majority of the gut flora is beneficial. These beneficial bacteria feed on the undigested fibers and starch that reach the gut.

As a result, the resistant starch ferments, creating optimal circumstances for a wide range of beneficial bacteria and increasing the bacterial populations. It also suppresses pathogenic bacteria 5 (infect the host human with infectious diseases) at the same time, acting as a boon for human health.

These features are attracting a growing number of health-conscious customers, therefore, shooting up the growth of the banana flour market across the globe.

Key Takeaways from Market Study

  • The banana flour market is expected to expand at CAGRs of 1% and 2.8% in Latin America and the Middle East & Africa, respectively, through 2032.
  • Market share of Asia Pacific is 2% in 2022. Every year, a considerable amount of bananas are produced in the Asia Pacific region, particularly in India, resulting in the expansion of the banana flour business in the region.
  • The North American banana flour market is currently pegged at 50,883 Metric tons. Banana flour has seen a boom in demand in the region, as the product is widely utilized in the manufacture of infant food.
  • In Africa, banana flour is also seen as a less expensive alternative to wheat flour. It is a healthy alternative to ordinary flour since it promotes the growth of beneficial bacteria in the gut and considerably aids in weight loss, therefore, MEA stands at a market value of USD 275.4 Mn in 2022.

“Manufacturers of banana flours can step into product expansion in the dietary fibers market which is growing at a high rate due to rising health consciousness as the FDA recently classified resistant starch (RS) derived from green banana flour as a dietary fiber.”, says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of banana flours are not only expanding their gluten-free offerings portfolio but, the majority of them concentrate on successful marketing and promotional techniques. Furthermore, for a number of organizations in the banana flour industry, mergers, and acquisitions aimed at global expansion will remain a major strategy.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global banana flours market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Detailed Market Segmentation Of Banana Flour Market

Process:

  • Sun-dried
  • Freeze-dried
  • Spray-dried
  • Others

Application:

  • Beverages
  • Pet Food and Feed Industry
  • Household
  • Food Industry
  • Bakery & Snacks
  • Infant Foods
  • Filling and Dressings
  • Soups and Sauces
  • Others

Source:

  • Organic
  • Conventional

Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Specialty Store
    • E-Retailers
    • Other retail formats

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Private Security Market will Grow at a CAGR of 3.7% During the Forecast Period By 2032 | Says FMI

The private security market will grow at a CAGR of 3.7% during the years 2022-2032. By 2032, the global private security market is estimated to generate a value of US$ 115,047.6 Million and is expected to reach US$ 80,000 Million by 2022.

Over the last few years, it is seen that the personal security administrations industry has developed private players at the home just as the passage of global organizations. The most development potential and rise in sorted out play makes this business an alluring business sector.

What is Driving Demand for Personal Security?

The demand for security is continuously increasing in the office, schools, universities, industries etc. Because they keep people away who don’t have a prior relationship or an appointment with the required person. Companies and organizations frequently issue them with an identity card or a badge in order to track and identify them.

As a result, players have a wonderful opportunity to improve their security and increase their position in a competitive market.

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It is seen that modern class families, celebrity, VIP, major witness and a person who have some confidential information can hire a personal security guard. Middle-class families, on the other hand, are concerned about the safety of their homes, children, possessions, and money. However, the Internet of Things (IoT) helped to mitigate these concerns.

Many private security companies provide CCTV, private alarm, emergency flashlight, portable door lock etc. This innovation encourages the customers to take advantage of personal safety devices at an affordable price and also helps the company to launch such products and generate more revenue.

Security and surveillance robots and drones are also provided by players. Individual activities in huge events or programs with enormous crowds, such as sports and music concerts, are extremely difficult to track. As a result, the drone is employed in all of these programs to monitor people’s activities and effectively decrease dangers of violence and public disorder.

Factors Likely to Augment Personal Security Market

The growing concern of organizations and educational institutes regarding the safety of the employees and students respectively has led to growth in the development and manufacturing of IP-based cameras.

Also many offices and commercial complexes set up systems to avoid unauthorized access in the organization, this further helps the players fulfil the demand of the customers and generate more revenue.

Further, the increasing demand for skilled security and strict enforcement of regulations will play an important role for the company to maintain its position in the market.

Also, the concerns about crime and terrorism, rapid urbanization, low ratio of police to population are some factors that increase the market of private security.

US and Canada Personal Security Market Outlook

The personal security sector is rapidly expanding. Because security is such a crucial aspect of people’s safety in the United States and Canada. Security job includes not only standing and protecting institutions, hospitals, individuals, and businesses, but also intellectual property and information that could be stolen.

The reason behind the growth of the security in the US and Canada are threats from domestic and foreign sources and also a rise in criminal activities. Both violent crime (includes rape, aggravated assault, robbery, gang violence, murder and non-negligent manslaughter), as well as property crime (includes burglary, motor vehicle theft, larceny, arson etc.), are growing in the country.

So there is a good opportunity for the players to expand their service in the region. For instance, the GardaWorld is a private security firm of Canada, providing highly focused business solutions to the citizens, including security services of leading-edge and cash solutions. The company providing its service in more than 500 countries across 45 countries around the world. Their main clients are ABB Libya, L’Oréal, American Red Cross and BMO.

Europe Demand Outlook for Personal Security

In European countries, the demand for personal security is more in the villa house, plot and personal residential home as compare to multistory buildings, flats and apartment tower. Because in the societies and buildings guards are available at the entrance and take a record of every person.

Also, many business people or people who are moving abroad for jobs take help from the personal security company to take care of their families and property. So there is a good opportunity for players to train both male and female to gain customer attention.

Furthermore, many posh people of France and Germany hire personal security to show their standard and royalty. This also helps the company to continue in touch with the royal people and expand their brand value and gain a competitive advantage.

Private Security Company in Europe also supports the national government and EU in developing legislation. For instance, CoEss a security industry in Italy provides its security service in EU Institutions buildings, nuclear plant, national governmental agencies, critical infrastructure facilities, airports, public transport stations and areas, intermodal transport hubs, and institutions (like asylum seekers centres, universities, public hospitals,  etc.).

Who are the Key Players of Personal Security?

With the presence of a large key players, the market of private is moderately fragmented. Some of the major key playrs include

  • Ava Security
  •  Securitas AB
  • DynCrop
  • GALLAGHER GROUP LIMITED
  • G4S Plc.
  • ADT Inc.
  • CACI International Inc.
  • CoEss
  • Prosegur Compañía de Seguridad SA
  • EXECUTIVE PROTECTION Inc.
  • Allied Universal
  • Hanweiss.com
  • GardaWorld
  • Japan Security and Intelligence Corps.
  • Tops Security Ltd
  • Kokusai Security Pte Ltd
  • Control Risks
  • Loomis AB
  • The Brink’s Company
  • Armour Security Pvt Ltd.
  • Security & Intelligence Services India Ltd.

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The 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments

By Service:

  • Manned Guarding
  • Security Systems
  • Cash Solutions
  • Guard Services
  • Others (Private Investigation)

By End User:

  • Residential
  • Industrial
  • Commercial
  • Government Institutions

By Region:

  • North America
  • US & Canada
  • Latin America
  • Brazil, Mexico, Others
  • Western Europe
  • EU5
  • Nordics
  • Benelux
  • Eastern Europe
  • Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other 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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Anticipated Technological Breakthroughs and Innovations Expected to Propel Lactates Market to Reach USD 1.1 Billion by 2032 | Future Market Insights Inc.

According to recently released statistics on lactates market analysis, the market for lactates is predicted to be worth USD 653.1 million in 2022 and USD 1.1 billion by 2032, representing a CAGR of 3.7% in terms of value.

According to the forecast presented in the report, the global lactates market is estimated to be valued at USD 653.1 million in 2022 and is projected to reach USD 1.1 billion by 2032, recording a CAGR of 3.7%, in terms of value. Growing demand for lactates as preservatives in bakery products and increasing demand for lactates in dietary supplements are some of the driving factors behind the growth of the global market for lactates.

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Global Lactates Market: Factors Impacting Revenue Growth

  • Sustainable demand for lactic salts in anti-ageing and premium cosmetic formulations
  • Increasing consumption of lactates in the oral care industry
  • Growth in the mineral industry in Asia Pacific is an indirect driver for lactates market growth
  • Increasing demand for calcium salts in the treatment of osteoporosis
  • Rise in healthcare expenditure in the Middle East & Africa
  • Expansion of production capacity to enhance the sales prospects of lactates

Global Lactates Market: Forecast by Application

On the basis of application, the global lactates market is segmented into food & beverages, pharmaceuticals, personal care, animal feed, agriculture, and others. The application of lactates in beverages is estimated to increase globally.

This is attributed to increased consumer demand for micronutrients in drinks such as juices, ready-to-drink premixes, and powdered beverages. Consequently the food & beverage segment makes up the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Forecast by Form

On the basis of form, the global lactates market is segmented into solid and liquid segments. In terms of value and volume, the liquid segment is expected to exhibit the highest growth over the forecast period. In 2017, the liquid segment was valued at US$ 188.1 Mn, which is expected to reach US$ 313.7 Mn by 2027, expanding at a CAGR of 5.2% during the projected period.

Global Lactates Market: Forecast by Product Type

On the basis of product type, the global market for lactates is segmented into Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates and Others. Sodium Lactates and Zinc Lactates captured equal revenue share in the year 2017 and will witness relatively good growth during the forecast period.

Global Lactates Market: Forecast by Region

In terms of volume, APEJ is expected to exhibit the highest growth during the period of study, closely followed by Japan. On the other hand, MEA makes up the smallest market share, both by value and volume, and is expected to grow steadily over the forecast period. North America is expected to account for the highest market share both in terms of value and volume, and will retain its dominant position over the forecast period.

Global Lactates Market: Key Players

Corbion N.V., Merck KgaA, Seidler Chemical Co, Inc., Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), Caldic B.V., FBC Industries, Inc., Global Calcium Private Limited, Musashino Chemical Laboratory, Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Pfanstiehl, Inc., Jungbunzlauer SuisseAG, ISALTIS, American Elements, Dr. Paul Lohmann GmbH KG, Jost Chemical Co., Galactic s.a., Zhengzhou Tianrun Lactic Acid Co., Ltd., BSA Inc., Prathista Industries Limited and Magnesia GmBh are some of the leading companies profiled in the report.

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Market segmentation

By Form :

  • Solid
  • Liquid

By Application :

  • Food and Beverages Industry
    • Meat and Seafood Products
    • Bakery
    • Dairy
    • Beverages
    • Others
  • Pharmaceutical Industry
  • Personal Care Industry
  • Animal Feed Industry
  • Agriculture Industry
  • Others

By Product :

  • Sodium Lactates
  • Potassium Lactates
  • Calcium Lactates
  • Magnesium Lactates
  • Zinc Lactates

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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Cultures Market: Embracing Endless Opportunities for Cross-Cultural Interaction with Anticipated 4.3% CAGR by 2032

As per the report by Future Market Insights (FMI), the global cultures market is expected to witness moderate growth, registering a CAGR of 4.3% during the forecast period 2022 to 2032. By the end of 2032, the global Cultures Market generated sales of nearly USD USD 2.1 billion.

Advanced technologies are used by companies for the production of microbial food cultures under strict controlled conditions. Governments of various countries have also introduced regulations based on the characteristics and use of microbial food cultures. The freeze-dried microbial food culture is also gaining traction in the global cultures market.

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Freeze-drying produces superior quality culture by providing long-term storage and also helps in retaining the intact structure of the food cultures. This also helps in supply chain of food products as it increases the shelf-life of the product.

A substantial increase in food-borne diseases worldwide is driving the demand for microbial food cultures. Microbial food cultures such as fungi, bacteria, and mould are largely used by food processing companies. They help in preserving food, remove toxic compounds, thereby ensuring food safety. The organisms used in food cultures also offer health benefits to fermented food products.

Also, with the increasing population of health conscious customers, the demand for probiotic and functional food is also increasing. Moreover, increasing demand for antibiotics to fight various microbial infections is fueling the growth of the global cultures market.

Key Highlights in The Global Cultures Market

The global cultures market is segmented on the basis of application, product type, and region. The product type is further segmented into starter, adjunct, probiotic, and other product types. Among the give product types, a starter is expected to see the highest growth during the forecast period. The starter segment is estimated to bring in more than US$ 455,900 million revenues by the end of 2026.

Based on the application, the global cultures market is segmented into beverages, Sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food, and other applications. Among these, bakery & confectionery segment is expected to be the fastest growing segment in terms of the application during the forecast period 2017-2026. By the end of 2026, bakery & confectionery is estimated to surpass US$ 366,600 million revenue.

Geographically, the global cultures market is segmented into Japan, Europe, Latin America, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and North America. Europe is expected to witness significant growth during the forecast period. Germany, France, Russia, and the U.K., are anticipated to witness the highest growth in the region.

Increasing demand for fermented and probiotic foods, the resulting in the use of microbial food cultures to preserve the food for a long time. Availability of advanced technology and infrastructure is also helping in the research and development of food cultures.

Competition Tracking

Some of the key companies in the global cultures market include Cargill, Chr. Hansen, DuPont, Royal DSM, Tate & Lyle, Kerry Group, Ashland Inc, Ingredion, Naturex, KF Specialty Ingredients, and Evonik.

Key Market Segments

Region-wise the market is segmented into Japan, Asia Pacific Excluding Japan (APEJ), Latin America, the Middle East and Africa (MEA), North America, and Europe.

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type:

  • Starter
  • Adjunct
  • Probiotic
  • Other types

Application:

  • Beverages
  • Sauces, dressings, and condiments
  • Bakery & Confectionery
  • Dried Processed Food
  • Sweet & Savoury Snacks
  • Frozen and Chilled processed food
  • Other Applications

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Frequently Asked Questions

  • How much is the Cultures market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Cultures sales?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for cultures?
  • Who are the major players in the Cultures Market?
  • What outlook does APEJ provide?
  • At what level does the report reflect pricing analysis?

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
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Lactose-Free Dairy Products Market Expected to Reach USD 23.1 Billion by 2032, Fueled by Growing Lactose Intolerant Population | Future Market Insights Inc.

By 2032, the lactose free dairy products market is predicted to be worth USD 23.1 Billion, growing at a CAGR of 5.5% between 2022 and 2032.

Lactose intolerance is a common and debilitating illness that affects an estimated 75% of people worldwide. As a result, consumers avoid dairy products since lactose is difficult for them to digest. Lactose intolerance currently affects over 40 million Americans, or around one-third of the population, in varying degrees of severity.

It is particularly common in people of East Asia, affecting more than 90% of adults in some of these populations. As a result, lactose-free dairy products have a large growth opportunity in the global market.

Various studies have shown, however, that a lactose-intolerant consumer can readily ingest a small number of dairy products because lactose levels are relatively low in them. Nonetheless, the introduction of lactose-free dairy products to the market gave lactose-intolerant consumers the ability to consume dairy-based food items in the desired quantity.

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Key Takeaways from Market Study

  • The market is segmented based on product type, wherein lactose free milk is anticipated to account for a major chunk of the market share over the forecast period
  • The North American lactose free dairy products market is expected to witness a lucrative growth rate of 5.8% during the forecast period.
  • Lactose free dairy products which are organic is expected to hold a market share of over 40% in the forecast period
  • Lactose free dairy products is also segmented based on form, wherein the liquid form is expected to account for a sizeable portion of the market share over the forecast period

Leading Companies Profiled in Lactose Free Dairy Products Market are:

  • Green Valley Creamery
  • McNeil Nutritionals
  • Valio International
  • Alpro
  • Arla Foods Amba
  • Cabot Creamery Corporation
  • Saputo Dairy rProducts
  • The Danone Company
  • Smith Dairy Products
  • Hiland Dairy Foods

“Lactose free dairy product faces stiff competition from other plant-based food products, which has slowed down the growth potential of the market,” says a Future Market Insights analyst.

Competitive Landscape

Leading lactose free dairy products makers are preferring to create new products to provide customers with a wide range of options, while the less adopting tactics included expanding into new regions and raising knowledge about lactose-free dairy products:

  • In 2020, Valio, a Finnish dairy and food firm, and Palmer Holland collaborated to distribute lactose-free milk powders. This was a critical step in bringing new value-added dairy components to the US market for both parties
  • Danone launched a lactose-free food line in Spain, named Activia, with a few varieties to capitalize on the country’s lactose-free population

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Lactose Free Dairy Products Market by Category

By Product Type, Lactose Free Dairy Products Market is Segmented as:

  • Milk
  • Condensed Milk
  • Milk Powder
  • Yogurt
  • Ice cream
  • Cheese
  • Other Products

By Form, Lactose Free Dairy Products Market is Segmented as:

  • Liquid
  • Semi-solid
  • Powder

By Nature, Lactose Free Dairy Products Market is Segmented as:

  • Organic
  • Conventional

By Sales Channel, Lactose Free Dairy Products Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Lactose Free Dairy Products Market is Segmented as:

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

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global lactose free dairy products market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (milk, condensed milk, milk powder, yogurt, ice cream, cheese and other products), form (liquid, semi-solid and powder), nature (organic and conventional), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world.

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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Pulse Flours Market Expected to Reach US$ 38.0 Billion by 2033 – Future Market Insights Inc.

The pulse flours market is expected to be valued at US$ 19.3 billion in 2023, registering a CAGR of 7.0% to US$ 38.0 billion by 2033. Due to features such as minimal fat, high fiber content, and low glycemic index, the demand for pulse flours is predicted to rise in the near future.

Increasing Adoption of Gluten-free Foods is Propelling Market Growth

Growing consumer health consciousness has resulted in the widespread acceptance of a gluten-free diet. People are becoming aware of its significance and taking considerable steps to incorporate it into their lives.

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Rapid urbanization and rising disposable incomes have resulted in increased integration of pulse flour, which is fueling pulse flour market expansion. Furthermore, governments around the world are offering incentives for increased production of pulse crops, resulting in the widespread availability of pulse flour. Consumer demand for vegetarian diets and cleaner product labeling is growing, which is expected to boost market expansion.

Pulse Price Fluctuations Pose Major Roadblocks to the Market

The main threat to the pulse flours market is the variation in the price of pulses used in the production of flour. The product’s pricing is significantly reliant on the price of pulse in a specific region. Prices are minimal in Asia Pacific countries, particularly India, due to large-scale pulse production and the region’s strong emphasis on agriculture.

The rising population has increased demand for the product, resulting in an increase in low-cost imports of pulses from various economies.

Asia Pacific Region is going to be a Prominent Market

Asia Pacific is a key geographical pulse flour market. The regional market’s expansion has been boosted by rising health concerns and increased demand for gluten-free products, particularly in emerging nations such as India and China. To switch to a healthier diet, customers with higher purchasing power have begun incorporating a variety of flours into their regular meals.

The region’s agricultural growth has improved, which, combined with advances in the food processing and food service industries, has opened up new opportunities for pulse flours and boosted the market’s expansion during the historical era.

Key Takeaways

  • The U.S. pulse flour market is predicted to grow at a moderate CAGR of 6.6% over the forecast period, reaching US$ 10.7 billion in 2033.
  • The U.K. pulse flours market is estimated to increase at a CAGR of 6.3% over the forecast period, reaching US$ 1.3 billion in 2033.
  • The China pulse flour market is predicted to grow at a moderate CAGR of 9.5% over the forecast period, reaching US$ 3.8 billion in 2033.
  • The Japanese market is estimated to grow at a CAGR of 7.7% over the forecast period, reaching US$ 1.9 billion in 2033.
  • Throughout the forecast period, the South Korean market is predicted to grow steadily at an 8.7% CAGR, reaching US$ 1.2 billion in 2033.
  • Pea may grow at a CAGR of 7% in the pulse flour market over the forecast period, depending on product type.
  • In terms of application, the food & beverage category is expected to grow at a CAGR of 6.8% over the forecast period.

Competitive Landscape

Due to the existence of many players, the competitive landscape of the global pulse flours market is extremely fragmented. Players are pursuing methods such as mergers and acquisitions, and cooperation may assist players in gaining important market positions.

Other investments in research and development tactics may also assist vendors in gaining a substantial place in the overall market rivalry. Bob’s Red Mill Natural Foods, AGT Food and Ingredients Inc., Ingredion GmbH, Red River Commodities, Inc., Globeways Canada, Inc., and Archer Daniels Midland Company are the market leaders in pulse flour.

Recent Development

  • Product Launch
  • Ingredion Inc. launched its Prista line of pulse-based ingredient solutions in October 2021. Homecraft Prista P 101 pea flour, Vitessence® Prista P 155 pea protein concentrate, and Vitessence Prista P 360 faba bean protein concentrate are available for plant-protein-based applications such as immediate and ready-to-eat (RTE) products.
  • The introduction of high-performance Prista concentrates and flours is just one of the many ways Ingredion is delivering on its strategic commitments to accelerate plant-based protein growth.

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Key Segments  

By Product Type:

  • Chickpea
  • Lentils
  • Pea
  • Beans
  • Other Product Types

By Application :

  • Bakery and Confectionery
  • Extruded products
  • Beverages
  • Animal Feed
  • Dairy Products
  • Other Applications

By Distribution Channel :

  • Food Chain Services
  • Modern Trade
  • Convenience Store
  • Departmental Store
  • Online Store
  • Other Distribution Channel

By Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan
  • 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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Massage Therapy Services Market is Anticipated to Reach at a US$ 124.5 Billion by 2032 | Says FMI

The massage therapy services market is estimated to reach ~US$ 54.6 Billion in 2022, registering growth at a CAGR of ~8.6% from 2022 to 2032. Share of the massage therapy services market in the personal care and well-being industry is ~12%-17%.

Due to mental tiredness and stress caused by frantic lifestyles, consumers spend more money on soothing and rejuvenating services such as massage and spas. An increasing desire for revitalizing and soothing therapies to purify the system will keep a variety of massage therapies in demand.

Massage therapy demand is anticipated to remain elevated due to the growing urge to maintain a psychologically and physically healthy lifestyle. Furthermore, the frequency of chronic illnesses is likely to increase the demand for massage services internationally. The spike in demand for system decontamination, stress management, and chronic illness treatments is likely to substantially boost the worldwide massage market.

Further, aging population is spending more on non-surgical therapies to improve their physical and mental well-being. Relaxation of the system, relaxation of body cells and tissues, and anti-stress therapy will drive global demand for massage therapies. During the forecast period, such factors are likely to contribute to the expansion of the worldwide massage market.

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Key Takeaways from the Massage Therapy Services Market Study

  • Women’s segment is anticipated to boost the growth of the massage therapy services market due to increasing trend of beauty and grooming worldwide.
  • By service type, the deep tissue massage segment is expected to gain revenue over the upcoming decade.
  • In terms of sales channel, the online booking segment is expected to witness impressive growth during the projection period.
  • The U.S. and the U.K. are expected to account for lion’s share in North America and Europe market, respectively.

“Leading service providers are partnering with various corporate agencies to drive the campaign of well-being in corporate sector across the globe. Moreover, to expand the business the service providers are diversifying their service line and focusing on expansion of business across boundaries with the help of massage centre chains or franchises.” Says an FMI analyst.

Who is winning?

Leading manufacturers of massage therapy services market are focused on aggressive promotional strategies, advertisements, and new services launches that have driven sales growth of massage therapy services market globally.

Major players present in the massage therapy serivces market Massage Envy, Hand and Stone Massage and Facial Spa, Elements Massage, Massage Heights, The Woodhouse Day Spa, Massage LuXe, Spavia, LaVida Massage, Massage Green Spa, InterContinental Hotels Group plc, and siam wellness group are among others.

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Global Massage Therapy Services Market by Category

By Service Type:

  • Deep Tissue Massage
  • Lymphatic Massage
  • Sports Massage
  • Oncology Massage
  • Swedish Massage
  • Others

By Service Provider:

  • Massage Parlour
  • Hospital/Clinics
  • Resorts/Hotels

By Purpose:

  • Beauty/Grooming
  • Relaxation
  • Physical Fitness
  • Treatment
  • Others

By End User:

  • Men
  • Women

By Booking Channel:

  • Online Booking
  • Phone Booking
  • In person Booking

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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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Frozen Ready Meals Market Anticipated Healthy 9.0% CAGR from 2023 to 2033 | Future Market Insights Inc.

According to Future Market Insights (FMI), the worldwide frozen ready meals market is valued at  US$ 51.5 billion in 2023 and is anticipated to reach US$ 122.4 billion by 2033. Total frozen ready-meal sales are likely to accelerate at a robust CAGR of 9.0% from 2023 to 2033.

Growing preference towards convenience and ready-to-eat food products worldwide is a key factor driving the global frozen ready meals market forward.

While most of customers still view frozen food as a backup option, core consumers are increasingly inclined to purchase products with particular meals in mind. Buying frozen food is thought to be more economical and saves time at the grocery store.

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Time can be saved by using frozen ready meals, which are a complete lunch or dinner option. People having busy schedules can use these products as they are easy to prepare than cooking from scratch. This is a primary factor that influence frozen ready meal sales.

Growing food insecurity concerns and need for reducing food wastage are also prompting people to choose frozen food products including frozen ready meals due to their higher shelf life and easy availabity.

Subsequently, availability of a wide range of frozen ready meals including frozen chicken meals and frozen vegetarian meals on online sales platforms will help the market to thrive rapidly over the next ten years.

However, growing concerns about side effects of frozen foods can limit market expansion duing the projection period. As frozen food products are meant to last for longer period, artificial additives are added to them in order to increase their shelf life.

A high amount of sodium is added to frozen foods to maintain their qualitative characteristics for a substantial period of time. Excessive consumption of sodium and artificial food additives through frozen ready-meal products can have harmful effects on consumers’ health. Also, a variety of physical and chemical processes are performed on frozen ready meal products to improve their nutritive value.

Leading companies are constantly launching new products and delivery services to increase their sales and expand their customer base. Further, they are improving their production processes and packaging.

In the frozen food sector, packaging is essential since it improves the quality and appearance of the product. The shelf life of frozen food products can be increased by implementing suitable packaging methods during production.

Packaging that appeals to the eye can draw in lots of customers and increase demand for frozen food goods. To comply with environmental standards and draw in ecologically conscious customers, top manufacturers are creating biodegradable packaging options. Technological advances in packaging techniques can greatly increase product sales since they enhance product quality to a larger level.

Key Takeaways from the Report:

  • The global frozen ready meals market is set to reach a valuation of US$ 51.5 billion in 2023.
  • Global frozen ready meal sales are forecast to rise at 0% CAGR between 2023 and 2033.
  • By product type, demand for vegetarian meals is poised to increase at a considerable pace during the next ten years.
  • The United States frozen ready meals market is anticipated to expand at 6% CAGR over the next ten years, reaching a valuation of US$ 3,5607.4 million by 2033.
  • Frozen ready meals demand across India is set to surge at 9% CAGR through 2033.
  • The United Kingdom market is likely to touch a valuation of US$ 1,280.6 millionin 2033.

“Rising food insecurity and increase in food wastage will have a profound influence on frozen food sales including frozen ready meals over the next ten years as these foods have extended shelf life and reduce wastage to a great level,” says a lead analyst at Future Market Insights.

Who is Winning?

Leading frozen ready meal companies profiled in the report include  General Mills Inc., Pinnacle Foods, Inc., J.R. Simplot Co., Nestle S.A, California Pizza Kitchen, H.J.Heinz, Dr. Oetker GmbH, ConAgra Foods, Inc, Daiya Foods Inc., Atkins Nutritionals Inc., and FRoSTA AG.

Key Market Developments:

  • In 2018, Conagra Brands Inc. acquired Pinnacle Foods to strengthen its customer base and accelerate the next wave of change.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the frozen ready meals market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study provides compelling insights into the frozen ready meals market based on product type (vegetarian meals, chicken meals, beef meals), and distribution channel (modern trade, food chain services, convenience stores, departmental stores, online stores) across several regions.

Unlock the secrets of the Frozen Ready Meals Market! Purchase now and delve into the intricacies of each segment. https://www.futuremarketinsights.com/checkout/6113

Global Frozen Ready Meals Industry Segmentation

By Product Type:

  • Vegetarian Meals
  • Chicken Meals
  • Beef Meals
  • Other Meals

By Distribution Channel:

  • Modern Trade
  • Food Chain Services
  • Convenience Stores
  • Departmental Stores
  • Online Stores

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 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