Zero Trust Security Market on the Ascendancy, Projected to Attain US$ 118.7 Billion by 2032 with a 15.1% CAGR

The zero trust security market is set to reach a valuation of US$ 29 Billion by 2022 and US$ 118.7 Billion by 2032. The market is expected to progress at a CAGR of 15.1% from 2022 to 2032.

The purpose of zero trust security is to provide protection against data breaches from all directions, specifically from within organizations, i.e., through browsers, email, VPN connections and other means. The zero trust security term suggests that nothing should be trusted and always be verified.

With this concept, several technologies and best practises are adopted. The security platform is based on the principles of verify explicitly, continuous monitoring and validation, use least privileged access, device access control, micro-segmentation, preventing lateral movement, and multi-factor authentication (MFA).

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Key Takeaways: Zero Trust Security Market

  • By solution, the standalone software segment had the largest shares in 2021 with a value of US$ 25,432.0 Mn. Services are estimated to be the most in-demand service for the forecast period 2022-2032 which is estimated to grow with a CAGR of 15.1%.
  • By deployment mode, cloud based holds the largest market share for 2021 and CAGR of 16.2% is expected to be witnessed in forecast period.
  • By authentication type, multi factor authentication holds largest market share for 2021 and the highest CAGR of 16.8% is expected to be witnessed during forecast period.
  • By enterprise size, large enterprise had the largest market share in 2021 and SMEs will witness the fastest growth with a CAGR of 18.9%.
  • By industry, BFSI had the largest market share for 2021 and the highest CAGR of 22.3% is expected to be witnessed from the healthcare industry for the forecast period.
  • North America had the largest market share in 2021 and the fastest growing market for Zero Trust Security Platform is estimated to be the South Asia and Pacific region for the forecast period 2022-2032.

Rise in Cyberattacks within the Organisation

In recent times, the cyberattacks within the organisations has increased zero trust security provide to secure data in and outside the organisation, by continuously monitoring and validation, micro segmentation, preventing lateral movement such features makes the framework unique from other traditional security.

Leading Key Players:

  • Check Point
  • Cisco
  • IBM
  • Palo Alto Networks
  • Okta
  • Ping Identity
  • Thales
  • Cloudflare
  • Akamai Technologies
  • Avast Business
  • Citrix
  • NetMotion
  • Zscaler
  • Proofpoint
  • Varonis
  • ExtraHop

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More valuable insights on Zero Trust Security Platform:

In this report by Future Market Insights, zero trust security market has been segmented into four sections, by solution, integrated zero trust security platform, standalone software (next generation firewall, identity & access management, data loss prevention, others), services (professional services (security consulting, integration & implementation, support & maintenance) and managed services), deployment mode (cloud-based and on-premises), authentication type (single authentication, multi authentication), enterprise size (small and medium enterprises (SMEs), and large enterprises), industry (BFSI, IT & telecom, retail, healthcare, government & defence, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the zero trust security platform demand outlook.

Zero Trust Security Market Segmentation:

By Solution:

  • Integrated Zero Trust Security Platform
  • Standalone Software
    • Next-Generation Firewall
    • Identity & Access Management
    • Data Loss Prevention
    • Others
  • Services
    • Professional Services
      • Security Consulting
      • Integration & Implementation
      • Support & Maintenance
    • Managed Services

By Deployment:

  • Cloud-Based
  • On-premises

By Authentication Type:

  • Single Authentication
  • Multi Authentication

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • BFSI
  • Retail and eCommerce
  • Healthcare
  • IT & Telecom
  • Government and Defense
  • Others

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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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Infant Nutritional Premix Market Anticipates 4% CAGR Growth, Projected to Reach USD 370 Million by 2032

The infant nutritional premix market refers to the industry involved in the production and distribution of powdered blends of essential nutrients specifically formulated for infants and young children. These premixes are designed to be added to infant formula, baby food, and other nutritional products to ensure that infants receive the necessary vitamins, minerals, and other essential nutrients for their growth and development.

Future Market Insights (FMI) anticipated that the global infant nutritional premix market would be worth USD 235 million in 2032 and USD 370 million in 2032, growing at a 4% CAGR.

The infant nutritional premix demand is predicted to rise significantly over the forecast period. The rapid migration of working women into metropolitan areas has resulted in an increased need for quick and nutritious baby nourishment. Consumer understanding of infant food’s potential health benefits has prompted them to regard it as a viable alternative to nursing.

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To support good postnatal growth and to reduce newborn morbidity and death, infants require an appropriate vitamin and mineral intake. As a result, babies are provided a high-nutrient food premix to suit their nutritional requirements. Infant nutrition is a broad term that refers to a variety of infant nutrition products for babies and infants.

Newborn nutritional premixes made with organic foods, probiotics, vitamins, and amino acids are becoming increasingly commonly utilised around the world as awareness of their benefits grows.

Increased demand for purified protein-based newborn nutritional premixes, increased investment by key players to create high-quality infant nutritional premixes, and increased innovation in infant nutritional premixes are likely to propel the Infant Nutritional Premix Market over the projection period.

Key Takeaways from Market Study

  • Because of the existence of key market players and a high consumption rate, the United States will control over 36% of the global market throughout the projection period.
  • Vitamin-based infant nutrition premix contributed for roughly a third of the entire market share in 2021, and it is predicted to expand at a rate of more than 5% over the following ten years.
  • The growing desire for homemade, fresh, organic baby food, are driving the market for infant nutritional premixes in China.
  • Market players are experimenting with new ways to handle, package, and technical development.

“ Leading organizations around the world are focusing on customising  vitamin and mineral premixes, which is propelling the market of Infant Nutritional Premix even further”.-says a lead analyst at Future Market Insights.

Competitive Landscape

Infant Nutritional Premix have a strongly competitive global market. Leading companies are experimenting with new marketing approaches, opening new retail locations, technological advancements, and mergers and acquisitions.

Some of the leading companies offering Infant Nutritional Premix are Koninklijke DSM N.V, Hexagon Nutrition Pvt. Ltd., Vaneeghan International B.V, SternVitamin GmbH & Co. AG, BASF SE , Lycored Limited, Watson Inc., Fenchem Biotek Limited, Farbest Brands, Glanbia Plc.,  Jubilant Life Sciences, Prinova Group LLC, Barentz International B.V, Vitablend Nederland B.V, ADM.

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Get More Valuable Insights

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

By Form :

  • Powder
  • Liquid

By Ingredient :

  • Vitamins
  • Minerals
  • Nucleotides
  • Amino Acids
  • Others

By Function :

  • Bone Health
  • Immunity
  • Digestion
  • Vision Health
  • Brain Health & Memory
  • Others

By Distribution Channel :

  • Pharmacy Stores
  • Specialty Outlets
  • Supermarkets
  • Online channel
  • Others

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.

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Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Freeze Drying Market Expected to Soar from US$ 1.1 Billion to US$ 2.5 Billion at 8.5% CAGR by 2032 | Future Market Insights,Inc.

The most recent industry report from Future Market Insights estimates that the global freeze drying market was valued at roughly US$ 1.0 billion in 2021 and will grow at a compound annual growth rate (CAGR) of almost 8.5% during the forecast period, reaching an estimated US$ 2.5 billion in 2032.

Freeze drying often referred to as lyophilization, is a method that uses low pressure and sublimation to remove water from a material in the form of ice. This technology has numerous applications in the manufacture of high-quality food and pharmaceuticals.

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Despite its popularity, substantial research on freeze-drying is continually being carried out in order to enhance the process variables for specific applications, enhance product features through pre-treatments, and minimize energy costs and process time.

The major goal of the freeze-drying procedure is to ensure consistent product quality not just within a batch but also between batches. As a result, during freeze-drying, product temperature becomes a crucial product quality aspect. When the product has the same thermal history throughout the batch, from batch to batch, as well as throughout lab scale, pilot scale, and production scale dryers, consistent product quality is ensured.

The market has grown as a result of factors like the rapidly expanding pharmaceutical and food processing industries. The market is projected to grow as consumers become more aware of the product’s benefits, such as improved desiccant drying and air-drying efficiency.

Key Takeaways:

  • Dryers are the leading segment as a product and hold approximately 67.7% market share in 2021, owing to the customer preference for nutrition from whole foods being supported by the fact that freeze-drying retains nutritional content better than other drying techniques.
  • Industrial-scale of operations holds a market share of around 40.6% in 2021. Because of the preservation of quality, freeze-drying is thought to be the best method for dehydrating food on an industrial scale.
  • Biopharmaceutical companies are the top distribution channel in the worldwide freeze drying market, and this trend is anticipated to continue with a projected CAGR of 9.7% over the forecasted years.
  • North America is considered as the leading region with a value share of 34.8% in 2021, owing to the presence of established biopharmaceutical companies in the region.

“Shifting consumer values, the rapid expansion of the pharmaceutical and food processing industries, and rising consumption of preserved foods are driving the global freeze drying market,” says an analyst of Future Market Insights.

Market Competition

The global market can be characterized as being extremely competitive and consolidated, with a few significant competitors controlling the industry. Additionally, they are investing heavily in R&D to create novel solutions and acquire a competitive edge. To obtain a competitive edge, numerous businesses are engaging in mergers and acquisitions and deploying cutting-edge technologies.

Key developmental instances include:

  • Telstar, a division of the Azbil Group, in December 2020, developed a new line of GMP freeze-dryers with a modular design. The new series of lyophilizers sold under the Lyozeta brand is a standardised version of its top-of-the-line GMP customizable freeze-dryers built to function aseptically.
  • In order to add two HOF horizontal plate freeze-thaw machines to Sartorius’ product line and offer customers a full selection of relevant freeze-thaw equipment and consumables, a partnership between Sartorius and HOF Sonderanlagenbau was announced in December 2021.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the freeze drying market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global freeze drying market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the product (dryer [tray-style dryers, rotary freeze dryers, and manifold freeze dryers], and accessories [drying chamber, vacuum system, CIP (clean-in-place) systems, and other accessories]), scale of operations (pilot-scale, laboratory-scale, and industrial-scale), and distribution channel (biopharmaceutical companies, food and beverage companies, academic and research institutes, CRO & CMO, hospitals, and research laboratories), across seven key regions of the world.

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Key Market Segments Covered in Freeze Drying Industry Research

By Product:

  • Dryer
    • Tray-style dryers
    • Rotary Freeze Dryers
    • Manifold Freeze Dryers
  • Accessories
    • Drying Chamber
    • Vacuum System
    • CIP (Clean-in-place) Systems
    • Other Accessories

By Scale of Operations:

  • Pilot-scale
  • Laboratory-scale
  • Industrial-scale

By Distribution Channel:

  • Biopharmaceutical Companies
  • Food and Beverage Companies
  • Academic and Research Institutes
  • CRO &  CMO
  • Hospitals
  • Research Laboratories

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

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Exploring the Flourishing Meat Substitutes Market: Unveiling a Strong Anticipated 23.0% CAGR by 2033

The meat substitutes market is a rapidly growing industry that caters to the increasing demand for plant-based protein alternatives. Meat substitutes are products that resemble and mimic the texture, taste, and appearance of meat but are made entirely from plant-based ingredients. These alternatives offer a viable option for individuals seeking to reduce their meat consumption due to health, ethical, or environmental concerns.

During the forecast period, the meat substitutes industry is poised to record a healthy CAGR of 23.0%. In 2033, the market is expected to be worth approximately US$ 8.5 billion. Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033

Globally, consumer food choices are changing dramatically. More people are realizing how important it is to maintain a healthy lifestyle and consume protein in moderation.

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As a result, consumers are taking a proactive approach and increasing their protein intake to guarantee that they remain fit and healthy for a long time. They are changing their eating habits and including plant-based protein sources in their diet. This results in the growth of the meat substitute market trends.

Alternative proteins, including meat substitutes, are becoming increasingly popular in this area. Consumers are becoming gradually concerned and aware of the harmful environmental impact on animal farms.

As a result, people are adopting vegetarian or flexitarian diets in order to eliminate or minimize meat consumption and indirectly reduce carbon emissions. The demand for meat substitutes, a sustainable, environmentally friendly alternative to meat, is predicted to grow at a significant rate.

Meat Substitutes’ Complex Manufacturing Processes and High Product Prices Inhibiting Market Expansion

The color of the flesh is one of the main characteristics that are challenging to replicate in plant-based meat substitutes. While they are being cooked, the goods that include textured vegetable proteins may also change color.

Color is one of the key factors that consumers take into account when making a purchase, thus any modification can have a major impact on how frequently they choose to buy the product. Aside from color, one of the most difficult aspects of producing them is the flavor of the meat. These factors result in the inhibition of the meat substitute market growth.

The production of meat substitutes made from plants is a highly complex procedure. Plant-based meat replacements, for example, they go through extensive processing during the manufacturing process. Since multiple ingredients are utilized to make the final product, manufacturers employ batch production processes. This raises the overall cost of producing plant-based meat.

Asia Pacific Outlook

The middle-class population of Asia Pacific has more disposable money as a result of industrialization. This has increased consumer demand for nutritious, high-quality, and protein-rich food items. More people are cutting meat out of their diets as consumer eating habits change.

As a result, the demand for meat substitutes is expected to increase in Asia Pacific. It also prepares the way for a considerable and continuous increase in the meat substitutes market share throughout the Asia Pacific due to the rise in consumer concerns over health and sustainability.

Key Takeaways in the Meat Substitutes Market

  • During the projected period, the source category’s plant-based pork sector may record a CAGR of 24%.
  • In the product type category, the patties section is expected to record a CAGR of 20.5% from 2023 to 2033.
  • Over the projection period, the United States meat substitutes market is expected to record a CAGR of 22.3%, reaching US$ 16.6 billion in 2033.
  • According to estimations, the meat substitutes market in South Korea is expected to record a CAGR of 21.1% during the projected period and reach US$ 477.7 million in 2033.
  • Over the forecast period, the meat substitutes market in China is expected to register a CAGR of 26.1%, reaching US$ 3.8 billion in 2033.
  • Over the projected period, it is predicted that the market in Japan is anticipated to record a CAGR of 25.6%, reaching US$ 2 billion in 2033
  • The market in India is anticipated to expand gradually over the course of the projection period recording a CAGR of 25.9%, reaching US$ 2.5 billion in 2033.

Competitive Landscape

The global meat substitutes market is semi-consolidated, with several well-known firms and emerging meat substitutes’ manufacturers operating in various nations throughout the world. Beyond Meat, Impossible Foods, Kellogg’s, Tyson Foods, and JBS SA are some of the leading global market players.

Consumers are also eager to try new food products that are both healthful and environmentally sustainable. This resulted in higher sales as well as a chance for future expansion.

Recent Development

Introduction – Impossible Foods Inc

Impossible Foods Inc. increased its foothold internationally in May 2021 by introducing its plant-based burger in New Zealand and Australia. This growth is a component of the company’s objective to provide delectable and environmentally friendly food options in many markets across various countries.

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Key Segments of the Meat Substitutes Market:

By Source:

  • Plant-based Chicken
  • Plant-based Beef
    • Plant-based Pork
  • Plant-based Fish

By Product Type:

  • Patties
  • Crumbles & Grounds
  • Hot Dogs
  • Sausages
  • Nuggets
  • Meatballs
  • Other Product Types

By Functionality:

  • Weight Management
  • Immunity Boosting Products
  • Gut Health/Digestive Health
  • Clinical Nutrition
  • Others

By Product Format:

  • Refrigerated
  • Frozen
  • Shelf-stable

By Region:

  • North America
  • Latin America
  • Europe
  • 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
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Skincare Revolution is Reshaping The Cosmetology Market, Targeting US$ 316.05 Billion By 2033 | FMI

The total cost of global cosmetology market is expected to increase further in 2023, with a possible valuation of US$ 118.93 billion. Over the forecast years, the global demand for cosmetology services and products is anticipated to thrive at a 10.3% CAGR. By the end of 2033 this forecast period, the overall valuation of the global market is projected to reach US$ 316.05 billion.

Rapid developments in cosmetology techniques, such as minimally invasive treatments and injectable and non-surgical improvements, have widened the range of alternatives available to customers. Modern skincare products, dermal fillers, and other techniques have made cosmetology operations more affordable and efficient, attracting a broad range of clientele.

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Online social media platforms have also played a crucial role in spreading beauty trends, increasing the demand for cosmetic operations. Moreover, utilizing novel approaches such as AI-driven consultations and virtual try-on tools is expected to improve client experiences and boost the market further.

Key Takeaways from the Global Cosmetology Market Study Report by FMI:

  • In 2022, North America contributed almost 42.3% of worldwide market demand. Meanwhile, the net worth of total cosmetology procedures adopted in European countries was figured out to be around 25.6%.
  • In comparison to all countries, the United States alone contributed 37.8% of the global revenue generated in the year 2022. The market in the United States is undergoing a dynamic transformation fueled by the fusion of technology advancements, aesthetic goals, and digital media.
  • Germany is the leading market in Europe with a 7.3% global share, while the United Kingdom market may record a 7.2% CAGR through 2033. The cosmetology service providers in the United Kingdom offer a wide range of services, catering to diverse global customers.
  • In Asia Pacific, China is poised to witness a year-on-year growth rate of 12.4% until 2033 in the adoption of cosmetology procedures. India is expected to follow China in overall market growth at around 10.2% CAGR through 2033.
  • Currently, non-surgical segments account for nearly 59.3% of the global market share as people continue to seek self-expression and confidence via cosmetic improvements.

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Competitive Landscape for the Cosmetology Market Players:

GC Aesthetics, Mentor, Sientra, Zimmer, 3M Health Care, Allergan, Implantech Associates, Institut Straumann, Nobel Biocare, and Spectrum Designs Medical are some top market players. These top cosmetology providers maintain their reputation and reliability by ensuring compliance with medical laws and prioritizing patient safety.

To build credibility and trust in the highly competitive industry, it may be crucial for new players to continue using ethical marketing techniques. To compete in the market, start-ups must pay attention to changing customer preferences and keep up with the most recent trends.

Key Segments of the Cosmetology Market:

By Procedure:

  • Surgical
  • Non-Surgical

By Application:

  • Breast Enhancement
  • Facial Contouring and Rejuvenation
  • Body Contouring
  • Skin Rejuvenation
  • Hair Transplant
  • Buttock Enhancement

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
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Bioprocess Technology Market Poised for Robust Growth, Forecasting US$ 106.1 Billion with a 15.1% CAGR by 2033 | FMI

The bioprocess technology market is estimated to grow at a CAGR of 15.1% from 2023 to 2023, when it is expected to reach US$ 25.9 billion. By the end of 2033, it is anticipated to produce US$ 106.1 billion in revenue.

The global Bioprocess Technology Market is anticipated to register an opulent growth opportunity with an exceptional CAGR of 15.2% during the forecast period from 2021 to 2031. The global bioprocess technology market was valued at US$ 17.3 Billion in 2020 and is projected to generate a revenue of US$ 81.2 Billion by the end of 2031.

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The growth of the market is attributed to the widespread consumer awareness regarding bioprocess technology on the rise and companies focusing on the launch of next-generation bioprocess products and engaging synergistic approaches for distribution and manufacturing through various market consolidation activities.

According to the analysis conducted by Future Market Insights (FMI), the global bioprocess technology market was valued at US$ 17.3 Billion in 2020. The surging focus on alternative medicines and preventive measures combined with ongoing advances in bioprocess technology is driving current sales figures. Increasing expansions and product launches within emerging markets are driving growth in the market. The prominent market players are focusing on the expansion of their manufacturing capabilities with high flexibility and rapid operations. Key market players are also emphasizing the development and launch of next-generation bioprocess products. This is anticipated to not only work favorably for sales of bioprocess technology but also auger the growth in the overall fermentation technology market.

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The present bioprocess product-development pipeline supports an outlook of continued healthy growth. The prominent bioprocess technology and bioprocess analyzer market players are concentrating on new product launches and implementing advanced technology to their present products. Future Market Insights expects the global bioprocess technology market to grow at a CAGR of 15.2% over the forecast period by 2031-end.

Key Takeaways

  • The major factor attributing to the preference for the single-use (disposable) bioreactor in the bioprocess industry is the production of different biopharmaceutical therapeutics, using the same facility, in minimum time and with minimum cost.
  • The increasing demand for personalized treatment for diseases like cancer is predicted to surge the demand for bioprocess therapies like cell therapy. The reduced cost of genetic sequencing shortly has enabled the production of personalized treatment plants and targeted therapies which are proven to be more effective than less-specific therapies as they ensure to divert their focus on a patient’s genetic and molecular makeup.
  • Technologically advanced techniques for process intensification are also being drastically applied to biosimilar manufacturing. The increasing usage of biosimilars in developed countries of Europe and the United States is anticipated to bolster the speed of the bioprocess technology adoption for rapid production of biosimilars.
  • Favorable government policies for various start-up companies specifically in developing countries are anticipated to create impressive opportunities for the market players in order to invest in the bioprocess technology market.
  • Mergers and acquisitions along with the expansion of manufacturing facilities all over the world are expected to bode well for the market across the projection period. Introducing advanced bioprocess products in order to leverage untapped market opportunities will remain a prominent growth driver over the forthcoming years.

Competitive Landscape

The bioprocess technology market players are predominantly aiming at strategic expansions in order to consolidate growth in the competitive market. The higher the demand for bioprocesses products, the stronger the pipeline, which is anticipated to lead to a phenomenal increase in demand over the global market. Major industry players are focusing on the launch of next generation biotherapeutics to treat serious life-threatening diseases.

More Insights into the Bioprocess Technology Market

In 2021, the U.S. was estimated to account for the maximum revenue of the total market share in the North American region over 89.6%. The dominance of the North American region continues to bestow over the forecast period driven by increasing requirements of upstream equipment. Increased living standards, health consciousness, and increasing disposable incomes are boosting the demand for effective treatments with minimal side effects.

The U.K. market is predicted to exhibit around 12.4% CAGR over the assessment period owing to the use of single-use technologies, personalized treatment of rare diseases, and increased use of biosimilars had led to the rise in the demand for bioprocess technology.

The Indian bioprocess technology market is predicted to surge at an opulent CAGR of 18.6% during the forecast period. It has been anticipated to account for a market share of approximately 52.4% in the South Asian region. Primary factors supporting the growth of India’s bioprocess technology market comprise the production of biopharmaceuticals like recombinant proteins and vaccines.

Key Players

  • Thermo Fisher Scientific Inc
  • Sartorius
  • Merck Kga
  • Danaher Corporation (Pall Biotech and Cytiva)
  • Merck KgaA
  • STADA Arzneimittel AG
  • Danaher Corporation
  • Applikon Biotechnology B.V. (Getinge)
  • Lonza AG, Bio-Rad Laboratories
  • Agilent technologies
  • Solida Biotech GmBH
  • Waters Corporation

Bioprocess Technology Market by Category

Product:

  • Upstream Equipment
  • Lab-scale Bioreactors
  • Scale-up and production products
  • BioReactors
  • Harvest and collection
  • Testing Products
  • Probes and Accessories
  • Downstream Equipment
  • Process analytical testing
  • Probes and Accessories

End-User:

  • Biotech / Biopharmaceutical Companies
  • CDMO / Contract Research Organization
  • Research / Academic Institutes

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.
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T: +1-845-579-5705
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Air Fryer Market Set to Reach US$ 1.9 Billion by 2033 Fueled by Global Health Concerns and Demand for Cutting-Edge Technology

The air fryer market is anticipated to expand its boundaries at a steady CAGR of 7.7% during the forecast period. The market holds a share of US$ 896.5 Million in 2023 while expecting revenue of US$ 1.9 Billion by 2033.  Rising health & fitness concerns among consumers will remain a driving influence. Offerings with multi-functional cooking features will reflect higher demand.

The market for small appliances has transformed as a result of product feature advancements and growing consumer interest in cutting-edge technology. As a result, producers have created air fryers that function like regular ovens. This has benefits for accessibility, saves space in the kitchen, and increases cooking capacity.

The rapid growth of the e-commerce industry, rising consumer affluence, and advancements in the technology of intelligent cooking are driving market expansion. The adoption of air fryers in both the residential and commercial sectors is another factor driving market expansion.

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Cooking appliance manufacturers have been impacted by frantic lifestyles and the resulting desire for healthier diets. Modern air fryers are made to shorten cooking times without sacrificing nutrition as a result. Additionally, market players for air fryers have made significant investments in R&D projects to increase cooking operations’ versatility.

Opportunities for growth are anticipated to arise from consumers’ growing preference for products with eco-friendly and energy-efficient characteristics. The creation of ENERGY STAR criteria to minimise GHG (greenhouse gas) emissions as a result of strict safety regulations created by environmental regulatory organisations like the EPA would have a positive long-term impact on developments.

Key Takeaways

  • The United States is expected to remain a prominent regional market due to high preference for oil-free food amongst health-conscious consumers.
  • Strong growth is emerging from emerging economies of India, China, Saudi Arabia, and Russia, driven by changes in urban lifestyles.
  • In terms of product type, digital air fryer held notable share in the global air fryer industry owing to consistency in food quality.
  • Residential sector is expected to experience steady growth within the global air fryer industry space over the forecast period.

Impact of COVID-19 & 2020 Market Analysis

During the COVID-19 outbreak, air fryer manufacturing companies have been severely impacted owing to disrupted supply chains in terms of raw materials and components. Lockdown restrictions led to short-term halt in production, while sales are bouncing back in 2021. Air fryers are emerging as essential equipment in kitchens with the increasing focus on a healthy lifestyle.

The outbreak has also resulted in substantial growth of categories including cleaning and hygiene products. The growth of the e-commerce sector is also a positive influence as companies focus on expanding their distribution networks to online channels to cater to surging consumer demand. However, brick and mortar retail stores suffered through the Covid-19 lockdown period. The change in buying patterns bolstered sales through e-commerce platforms, which will continue in the long-term.

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Who is winning?

The report highlights some prominent players in the global air fryer industry, which include Koninklijke Philips N.V, Newell Brands, Inc., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation, Meyer Manufacturing Company Limited, GoWISE USA (Ming’s Mark Inc.), among others. Market players are primarily focused on marketing campaigns to promote their products and create brand awareness among consumers, with social media campaigns gaining notable traction.

In July 2020, SharkNinja Operating LLC introduced the new Ninja Foodi 2-Basket Air Fryer. The fryer has a two-basket cooking system feature for additional versatility compared with traditional air fryers. The air fryer’s 8-quart capacity and Dual Zone technology helps the user cook two foods in two ways, and finish at the same time.

In 2019, Koninklijke Philips N.V introduced Airfryer XXL with smart sensing technology. The technology simplifies the cooking process with a unique fat removal technology, with the fat being captured in the bottom tray of the fryer for easy disposal. Additionally, the air fryer can bake, grill and roast.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. Leaders in the air fryer industry are introducing products which fulfil the needs of customers.

Air Fryer Market by Category

Device Type

  • Manual
  • Digital

Wattage

  • Below 1200 Watt
  • 1200-1500 Watt
  • 1500-1800 Watt
  • 1800-2200 Wattage
  • 2200 Wattage & Above

End Use

  • Commercial
  • Residential

Price Range

  • Below US$ 25
  • US$ 25 – US$ 100
  • US$ 100 – US$ 200
  • US$ 200- US$ 300
  • US$ 300 & Above

Sales Channel

  • Direct Sales
  • Supermarket/Hypermarket
  • Department Stores
  • Specialty Stores
  • Online Retailers
  • Other Sales Channel

Frequently Asked Questions

  • What is the air fryer industry size?
  • Which end-user segment witnesses most lucrative growth opportunities?
  • Which sales channel will be the most lucrative in future?

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About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Global Diagnostic Exosome Biomarkers Market is expected to achieve US$ 888.5 Million by 2033, with a CAGR of 16.3%, as stated by FMI

The industry is predicted to experience a notable expansion with a predicted global diagnostic exosome biomarkers market size of US$ 196.8 million by 2023. The diagnostic exosome biomarkers sales are anticipated to thrive at a healthy CAGR of 16.3% between 2023 and 2033. A valuation of US$ 888.5 million is predicted for the diagnostic exosome biomarkers industry by 2033.

In the upcoming years, there may likely be a noticeable increase in diagnostic exosome biomarkers demand. Exosomes, which are tiny biomolecule-containing extracellular vesicles, have the potential to be used as non-invasive diagnostic tools for several disorders. They are strong prospects for early illness detection and tailored treatment because they can accurately represent the molecular makeup of the cell from which they originated.

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Exosome-based diagnostics are becoming sophisticated. This may present new prospects for developing diagnostics and enhancing patient outcomes.

Harnessing Exosomes: The Precious Source for Biomedical Advancements:

Several key factors are shaping the global diagnostic exosome biomarkers market. Exosomes, nanovesicles released through the fusion of the plasma membrane with internal vesicles, play a crucial role in the diagnostic exosome biomarkers business. They are easily found in body fluids like blood and urine, making them valuable biomedical tools.

Cancer research is particularly active, and exosomes are promising biomarkers for diagnosing and predicting malignant tumors. An ongoing investigation is into using exosomes as potential biomarkers for various neurodegenerative disorders. Further, these advancements are expected to create new market opportunities, compelling diagnostic exosome biomarkers industry players to focus on developing innovative products for diagnosis and monitoring.

Regional Outlook:

North America is anticipated to maintain its dominant position in the diagnostic exosome biomarkers market, while the Asia Pacific region is projected to emerge as the significantly growing market.

  • In 2016, the National Institutes of Health sought grant applications to explore the potential of exosomes and extracellular vesicles (EVs) as biomarkers for cancer risk assessment, detection, diagnosis, and prognosis.

This significant research funding and government support have played a pivotal role in accelerating the market growth.

The Asia Pacific region is projected to experience promising growth opportunities from 2023 to 2033. This growth can be attributed to the rising demand for diagnostic exosome biomarkers in emerging economies like India and China. Also, the increased healthcare spending in these countries creates favorable prospects for developing the diagnostic exosome biomarkers market in the Asia Pacific region.

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Key Takeaways:

  • The reagents & kits segment in the product category is to grab a share of 58.8% from 2023 to 2033.
  • Based on the end user category, the diagnostic center segment is to acquire a market share of 37.3% between 2023 and 2033.
  • The United States diagnostic exosome biomarkers business is estimated to acquire a share of 3% by 2023.
  • Germany’s diagnostic exosome biomarkers business is likely to grab a share of 7% by 2023.
  • Japan’s diagnostic exosome biomarkers market is predicted to hold a share of 4.2% by 2023.
  • Australia’s diagnostic exosome biomarkers industry is estimated to acquire a CAGR of 7% by 2023.
  • China’s diagnostic exosome biomarkers sales are anticipated to expand at a CAGR of 8% through 2033.
  • India’s diagnostic exosome biomarkers industry is to develop at a CAGR of 2% from 2023 to 2033.
  • North America’s diagnostic exosome biomarkers market is to hold a share of 6% through 2033.
  • Europe’s diagnostic exosome biomarkers industry is predicted to acquire a share of 6% through 2033.

Competitive Landscape:

Given the many prominent firms participating in the diagnostic exosome biomarkers market, the general competitive environment could be cohesive. The diagnostic exosome biomarkers manufacturers are focusing on increasing the size and capabilities of their laboratories to meet the rising demand.

The diagnostic exosome biomarkers manufacturers are investing significantly in research and development projects to keep up with the increasing demand. To stay ahead of the escalating rivalry, manufacturers operating on the global market are predicted to use aggressive marketing techniques, including mergers and acquisitions.

Latest Innovations:

  • Exo Therapeutics’ US$ 78 million Funding Boost

Exo Therapeutics obtained US$ 78 million in series B investment in October 2021 to further its novel approach to enzyme inhibition. Exo Therapeutics concentrates on blocking enzymes’ exosites rather than directly targeting the enzymes themselves, opening up intriguing opportunities to create innovative drugs.

  • Bio-Techne and Thermo Fisher Collaborate on Revolutionary Kidney Transplant Rejection Test

The ExoTRU kidney transplant rejection test was developed and commercialized through an exclusive cooperation between Bio-Techne and Thermo Fisher Scientific in February 2022. This liquid biopsy technique can improve kidney transplant monitoring and patient care by providing important information on the health of the allograft for both clinical and research purposes.

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Top Major Key Players:

Key diagnostic exosome biomarker manufacturers include AMS Biotechnology Limited, 101Bio, BioRegenerative Sciences, Inc., Cell Guidance Systems LLC, Codiak BioSciences, Evomic Science LLC, ExoCyte Therapeutics Pte Ltd, Exovita biosciences, Immune Therapy Holdings AB, Lonza Group, Norgen Biotek Corp., ReNeuron Group plc and Therapeutic Solutions International, Inc.

Key Segmentation:

By Product Type:

  • Reagents
  • Kits
  • Serum/Plasma Kits
  • Urine Kits
  • Software

By Application:

  • Neurodegenerative Disorders
  • Oncology
  • Metabolic Disorders
  • Others

By End User:

  • Cancer Institute
  • Hospital
  • Diagnostic Center
  • Others

By Region:

  • North America
  • Latin America
  • 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
Website: https://www.futuremarketinsights.com
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Smart Contracts Market: Unleashing Opportunities for a 23.5% CAGR Surge to US$ 1,515.4 Million by 2032

The demand for smart contracts market is expected to grow at a CAGR of 23.5% between 2022 and 2032. According to the report, the market valuation for the Smart Contract Market in 2022 is estimated to be US$ 183.1 million, with a projected increase to US$ 1,515.4 million by 2032.

A Smart Contract is a self-executing contract where terms and conditions between any two or more parties are written directly into lines of code. Code controls execution, and transactions are traceable and irreversible. It is a simple programme stored on the blockchain and executed when certain conditions are met. They are typically used to automate the execution of contracts, making the results immediately visible to all parties involved, without the involvement of intermediaries or loss of time.

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Smart Contracts can be used for various purposes, from financial derivatives to insurance premiums, property rights, breach of contract, credit checks, financial services, crowdfunding agreements and legal proceedings. Since Smart Contracts are stored on the blockchain, overwriting the entire network would require enormous computing power, which makes it extremely difficult to break the system.

Key Takeaways: Smart Contract Market

  • By Contract Type, smart legal contracts had the higher market share of US$ 51.8 Mn and distributed applications (DApps) is estimated to have the higher growth rate of 3%.
  • By Enterprise Size, large enterprise had the higher market share for 2021 with a market share of 6%. Small & Medium Enterprise (SMEs) is estimated to display a growth of CAGR 24.6% for the forecast period.
  • By Application, BFSI is estimated to possess the highest market share for the forecast period, with US$ 39.8 Mn market valuation for the year 2021 and the Supply Chain segment is estimated to witness the highest growth with CAGR of 6% for the forecast period.
  • North America had the largest market share for the Smart Contract Market of 2% and South Asia and Pacific is the estimated region to have the highest CAGR of 25.8% for the forecast period.

Increasing need for Accountability and Transactions Transparency, Adoption of Cross-border Payments and Growth in Demand for Increased Transaction Speed, Scalability And Reduced Processing Costs within BFSI driving the demand for Smart Contract Market with Blockchain technology.

Blockchain technology is reorganising transaction management by replacing intermediaries with secure digital records. Additionally, banking networks enable all parties to exchange and process critical business information and transactions. It also provides faster transaction processing speeds and traceability of transactions and information for all entities involved in the network. As a result, the Blockchain in Smart Contract Market is expected to grow.

The architectural boundaries of the global payment system and the numerous combinations of policies and processes are the major drivers of blockchain in the Smart Contract Market. Blockchain technology boosts transaction speeds to help create an efficient, real-time global payment system that supports monetary policy and other compliance and data protection.

Blockchain technology in BFSI is disruptive with enhanced cryptographic transparency and security. Transactions made via the blockchain can eliminate third-party payment gateways, thus enabling faster financial transactions. Therefore, such factors are expected to offer great opportunities for the smart contract market’s growth in the coming years.

Competitive Landscape

Smart contract vendors tend to be companies which have a wide portfolio of software solution offerings. Or are companies which are primarily focused on providing blockchain or cryptocurrency technologies, with smart contracts being one of the sub-offerings.

  • In October 2022, Equinor implemented Data Gumbo’s smart contract platform for the purpose of calculation and automation of payments. Data Gumbo’s smart contract allows the end users to automate their payment systems.
  • In October 2022, iQIYI, the Chinese streaming platform announced the use of ERC-3475 (Ethereum based smart contract) developed by DeBond to handle copyright issues. The smart contract allows the users to store additional specifications, values, metadata and transactions.

Leading Key Players:

  • IBM
  • Sharedeum Foundation
  • Amazon
  • Oracle
  • Infosys
  • Tata Consultancy Services
  • Chainlink
  • Waves
  • Solana
  • Nem
  • RSK
  • Algorand
  • GoCoin
  • Avalanche
  • Stratis
  • Monax Industries

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Smart Contracts by Category

By Contract Type:

  • Smart Legal Contracts
  • Decentralized Autonomous Organizations (DAO)
  • Application Logic Contracts (ALC)
  • Distributed Applications (DApps)

By Enterprise Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Application:

  • BFSI
  • Government
  • Healthcare
  • Supply Chain
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Natural Flavors Propels Liquid Smoke Market Growth, Expected to Reach US$ 245 Million by 2033 | Future Market Insights Inc.

According to Future Market Insights, the global liquid smoke market size is forecast to increase from US$ 93 million in 2023 to US$ 245 million by 2033. Overall liquid smoke sales are forecast to surge at 11.7% CAGR between 2023 and 2033.

Rising demand for processed food products and increasing usage of liquid smoke for preparing a wide range of food products including barbecue sausage, seafood, and hot dogs are driving the industry forward.

In recent years, liquid smoke has gained immense traction across food service industry as a substitute for actual meat smoking. It is being increasingly used as a flavoring in various food products to make them appealing to consumers.

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Usage of liquid smoke helps end users preserve food products as well as provide them with unique tastes. Rapid growth of food processing industry and increasing popularity of smoked food items will boost the global liquid smoke industry during the assessment period.

The usefulness of the smoke solution is enhanced through the use of more complex food-grade processes such as extraction with oil, spray-drying, and plating onto food and food ingredients such as flour, yeast, and salt. Therefore, the growing processed food industry is expected to play a key role in boosting liquid smoke sales.

Similarly, growing awareness about the health and environmental benefits of liquid smoke is expected to boost sales in the market during the forecast period. Liquid smoke is eco-friendly as it does not release toxic pollutants into the environment.

Another factor that is expected to help the liquid smoke industry to thrive rapidly during the next ten years is the growing preference for barbeque sauces across the world.

Key Takeaways from the Report:

  • Based on application, meat and seafood segment will continue to dominate the global liquid smoke market during the forecast period.
  • By distribution channel, online stores segment will grow at a significant pace over the next ten years.
  • The United Kingdom liquid smoke market size is projected to reach US$ 13.0 million by 2033.
  • The USA liquid smoke market is expected to expand at a CAGR of 6.9 % during the projection period.
  • Liquid smoke demand in Japan is poised to surge at 9.4% CAGR between 2023 and 2033.

Who is Winning?

Leading manufacturers of liquid smoke include Azelis Holdings S.A., B&G Foods, Inc., International Flavors & Fragrances, Inc., McCormick & Company, Inc., Kerry Group PLC, Colgin, Inc., MSK Ingredients Limited, PS Seasoning, Baumer Foods, Aminola, Sacchetto SpA, and Others

Get Valuable Insights into Liquid Smoke Market

FMI, in its new offering, provides an unbiased analysis of the liquid smoke market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for liquid smoke based on Smoke Type (Hickory, Mesquite, Applewood), Application (Beverages, Bakery, Meat & Seafood, Dairy, Pet Food), Distribution Channel (Supermarkets, Convenience Store, Departmental Store, Modern Trade, Food Chain Services, Online Stores, Food & Liquid Store) across several regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Liquid Smoke Industry by Category

By Smoke Type:

  • Hickory
  • Mesquite
  • Applewood
  • Others

By Application:

  • Bakeries
  • Beverages
  • Dairy
  • Meat and Sea Food
  • Pet Food
  • Others

By Distribution Channel:

  • Supermarkets
  • Departmental Store
  • Modern Trade
  • Food Chain Services
  • Online Stores
  • Food and Liquid Store
  • Others

By Region, Liquid Smoke Market is Segmented as:

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

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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