Market Research Blog – Page 444 – New Product Development

Vegan Supplements Industry on Course to Hit USD 17.7 Billion by 2034

The global vegan supplements market is witnessing substantial growth, with its valuation estimated to be around USD 9.1 billion in 2024 and projected to expand to USD 17.7 billion by 2034. This represents a strong compound annual growth rate (CAGR) of 6.9% from 2024 to 2034. The surge in demand for plant-based alternatives, driven by growing consumer awareness around health, sustainability, and ethical considerations, is fueling this expansion. As more consumers embrace plant-based lifestyles, the market for vegan supplements is gaining traction, offering a wide range of products, including protein powders, vitamins, minerals, and other plant-derived nutritional supplements.

Key ingredients such as turmeric, beetroot, and Ayurvedic components like ashwagandha, shatavari, and amla are increasingly sought after due to their myriad health benefits. In addition, botanical ingredients such as ginseng, moringa, spirulina, and maca root are becoming more desirable for their nutritional and adaptogenic properties. As consumers continue to seek natural, plant-based solutions for better health, these ingredients play a crucial role in shaping the market landscape, catering to a growing demand for vegan and organic wellness solutions.

Key Takeaways:

Growing Market Size: The vegan supplements industry is projected to expand from USD 9.1 billion in 2024 to USD 17.7 billion by 2034, at a CAGR of 6.9%.
Health-Conscious Consumers: Increased awareness of the health benefits of plant-based ingredients, including their ability to enhance overall wellness and prevent chronic diseases, is a primary driver of market growth.
Shift Toward Sustainable Choices: With environmental concerns on the rise, consumers are prioritizing products that align with their values, including sustainability and cruelty-free sourcing.
Popular Plant-Based Ingredients: Ingredients like turmeric, ashwagandha, spirulina, and maca root are gaining popularity for their proven health benefits, contributing to the expansion of the vegan supplements industry.

Growth Drivers in the Vegan Supplements Industry:

The rise of plant-based lifestyles is undoubtedly one of the primary growth drivers for the vegan supplements industry. More people are adopting vegan diets, whether for health, environmental, or ethical reasons. With increasing awareness around issues such as climate change, deforestation, and animal welfare, consumers are actively seeking products that reflect their values. This shift has led to a surge in demand for plant-based alternatives across various industries, including the supplement sector. As a result, vegan supplements are becoming a staple for individuals seeking to enhance their overall health while maintaining a sustainable lifestyle.

Moreover, the growing trend of preventive healthcare is accelerating the adoption of plant-based supplements. Consumers are becoming more health-conscious, focusing on nutritional supplements that support immunity, energy, mental health, and physical performance. Popular plant-based ingredients like turmeric, known for its anti-inflammatory properties, and ashwagandha, which is believed to reduce stress, are gaining recognition for their holistic health benefits. This focus on holistic well-being is expanding the scope of vegan supplements, with consumers seeking natural solutions to address specific health concerns, further driving market growth.

Key Industry Challenges:

While the vegan supplements industry is experiencing impressive growth, it faces some challenges. One of the primary obstacles is the need for better regulation and quality control. With the increasing demand for vegan products, the market has seen a rise in subpar supplements and misleading claims. This lack of regulation can lead to consumer distrust and potentially harm brand credibility.

Additionally, sourcing high-quality plant-based ingredients remains a challenge, as there is a need for consistent and reliable supply chains to meet growing demand. Factors like climate change, supply chain disruptions, and fluctuations in raw material costs can affect the availability of essential ingredients, impacting product production and pricing. The industry must adapt to these challenges by strengthening sourcing practices and focusing on sustainability to maintain consumer trust and long-term growth.

Key Industry Highlights:

Rising Popularity of Ayurvedic and Botanicals: Plant-based ingredients such as ashwagandha, turmeric, spirulina, and moringa are becoming highly sought after for their proven health benefits, contributing to the rise in vegan supplement sales.
Innovative Product Offerings: Companies are increasingly offering a wide range of vegan supplements that cater to different health needs, including protein powders, immunity-boosting formulas, and mental health supplements.
Vegan Certification & Transparency: As demand for vegan and cruelty-free products rises, companies are emphasizing transparency in ingredient sourcing and manufacturing processes, ensuring products meet rigorous vegan standards.

“As the demand for sustainable and health-conscious products continues to rise, the vegan supplements market is poised for long-term success. The industry’s growth is indicative of a larger global shift towards plant-based lifestyles, with consumers increasingly choosing products that align with their health and environmental values. However, as the market evolves, the industry must focus on overcoming challenges related to regulation, sourcing, and quality assurance. By maintaining transparency, promoting innovative solutions, and ensuring sustainable practices, the vegan supplements market can continue its upward trajectory in the years to come.”, says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Country-wise Insights

The following table shows the estimated growth rates of the top three territories. USA, Germany and India are few attractive countries to look upon.

Countries	CAGR 2024 to 2034
USA	5.0%
Germany	6.4%
India	7.1%

Global Vegan Supplements Sales Analysis (2019–2023) and Demand Forecast (2024–2034)

The global vegan supplements market experienced strong growth between 2019 and 2023, driven by increasing consumer awareness of plant-based health products and sustainability concerns. By 2024, a survey showed that 21% of individuals worldwide had incorporated vegan supplements into their daily routines, highlighting the growing adoption of these products.

During this period, the market saw significant product innovations, with formats like gummies and oral melts gaining popularity alongside traditional pills and capsules. Key ingredients such as ashwagandha, turmeric, and Vitamin B12 saw rising demand, particularly in Europe and Asia, fueling market expansion.

Looking ahead, the demand for vegan supplements is expected to continue growing from 2024 to 2034, with projected half-yearly CAGR values of up to 7.6%. This growth is expected to be particularly strong in Asia, where women’s health supplements are gaining traction in countries like India, China, and Japan.

In Europe and the Americas, the consumer base is also expanding, with 34% of women in European metro areas and 38% in Asia and the USA turning to vegan supplements for stress relief, hormonal balance, and beauty benefits. With the continued rise of online sales and innovative product formats, the global vegan supplements market is set for sustained growth over the next decade.

Access the full report for detailed market trends. https://www.futuremarketinsights.com/reports/vegan-supplements-market

Leading Brands

Garden of Life
Vega
Sunwarrior
Deva Nutrition
Nutiva
MegaFood
Now Foods
MyProtein (UK)
Bulk Powders (UK)
Vivo Life (UK)
The Protein Works (UK)
Pulsin (UK)
Veganz (Germany)
Pure Encapsulations (Switzerland)
VegePRO (Thailand)
Olena (India)
Healthworks (India)
Plant Origins (Singapore)
OmVed Gardens (India)
Ayush Herbs (India)
Evolve Vegan Protein
Orgain
KOS
Ritual

Key Segments of the Report

By Ingredient Type:

As per Ingredient type, the industry has been categorized into Vitamins & Minerals Supplements, Iron Supplements, Omega 3 Supplements, Herbal Supplements, Protein and Amino Acid Supplements, Prebiotic Supplements & Probiotic Supplements and Botanical Supplements.

By Form:

As per form, the industry has been categorized into Tablets, Gummies, Chews, Softgels, Powder and Liquid Others (Lollipops, hard boiled candies)

By Customer Orientation Type:

This segment is further categorized into Men, Women, Senior citizens and Kids & Toddlers.

By Sales Channel:

This segment is further categorized into Hypermarkets/Supermarkets, Convenience Stores, Drug Stores and Pharmacies, Health and Wellness Stores, Other Retailers and Online Retailing.

By Health Concern:

As per Health Concern, the industry has been categorized into Weight Management, General Well-being, Immune Health, Bone & Joint Health, Heart Health, Digestive Health, Hair, Skin, and Nail Health and Muscle Building & Fitness.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Mango Puree Market Valued at USD 3.56 Billion by 2034 with a Robust 7% CAGR Growth | FMI

The mango puree market is predicted to be valued at US$ 1.8 billion by 2024. The market valuation is estimated to be US$ 3.56 billion by 2034, projected at a CAGR of 7%.

The market for mango puree is expanding as customer demand for natural and healthful food products rises. Smoothies, drinks, desserts, sauces, etc., are using mango puree, which is densely becoming popular as an ingredient due to its flavor and nutritional value.

Dangers and difficulties are some of the major reasons the market faces. The effect of weather variations and climate change has become hazardous for mango production. Adverse weather conditions like hurricanes, floods, and droughts majorly impact the production of mango crops, which causes shortages and price volatility in the market.

Besides challenges, the market also sees potentialities with every passing day. Convenience food and beverage sales are growing worldwide. Ready-to-use food ingredients like mango puree are in high demand due to changing lifestyles and rising urbanization. Manufacturers can profit from this trend by providing value-added products and creating packaging formats that meet changing consumer tastes.

Key Takeaways from the Market Study

Under source type, the organic mango puree is accounted to hold a market share of 65.2% in 2024.
Germany is expected to register at a CAGR of 8.1% by 2034.
India registers significant growth, projected at a CAGR of 9.1% by 2034.
Based on end user, the beverage segment is accounted to hold a market share of 35.3% in 2024.

“The rise in consumer preference for natural and healthy food choices is one significant driver for the mango puree market,” Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

Important competitors in the mango puree market are present like Del Monte Foods, ITC Limited, and Kiril Mischeff. Such market players provide a large selection of mango puree products that suit different needs in food and drink.

Strong competition strengthens innovation and boosts industry standards, giving consumers access to a wide range of premium mango puree options.

Some of the key developments are:

In 2021, Kiril Mischeff, unveiled novel package designs for its line of mango puree goods. The developments were made to extend product shelf life, preserve freshness, and meet changing customer and food industry demands.
In 2021, ITC Limited introduced a high-end line of mango puree products under its well-known brand name. ITC Limited launched premium mango puree made from particular mango types using its agriculture and food processing knowledge.

Key Segments

By Source:

Organic
Conventional

By End Use:

Infant Food
Beverage
Bakery and Snacks
Ice Cream and Yoghurt
Dressings and Sauces

By Region:

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

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Casein Peptone Industry Predicted to Grow at 4.2% CAGR Through 2033

According to Future Market Insights, the global Casein Peptone Market is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2033, reaching a valuation of USD 395.6 million in 2023 and expected to hit USD 595.7 million by 2033.

The market is also driven by trends such as the increasing popularity of plant-based diets, leading to a growing demand for alternative protein sources like casein. To capitalize on the market’s potential, stakeholders must navigate the competitive landscape, regulatory environments, and consumer preferences. Additionally, advancements in production technologies and the development of sustainable sourcing practices are key factors shaping the future of the casein peptone industry.

To satisfy the rapidly growing microbiology industry, start-up biotechnology manufacturers and suppliers have entered the peptone industry

The rapid advancement of the biotech industry drives the growth of the worldwide peptone market. To meet the truly expanding market of lifestyle media, new producers and suppliers have ventured into the peptone industry.

Furthermore, creative improvements in the peptone and culture medium are expected to aid the peptone industry. Nevertheless, expensive workroom creation and maintenance costs, as well as a shortage of specialists and experts, stymie industry growth.

Excellent Manufacturing Practices (GMP) demand the pharmaceutical industry to routinely check the sterility of their manufacturing procedures, particularly in cases of aseptic arrangements. Bio Merieux presented two dried out peptone media for the discovery of microorganisms. The media is permitted to prevent the transmission of Transmissible Spongiform Encephalopathies.

Providers should investigate labs or groups that disperse peptones in dried or living structures. Soya, a high-energy starch, is an example of a non-meat peptone. Many studies necessitate the use of distinct peptones in varied fixes to provide the optimal supplement level for improvement, growth, and exact investigation results.

The expansion of the biotechnology industry has heightened interest in peptones. Peptone manufacturers and suppliers have increased in order to meet end-user demand. Furthermore, the biopharmaceutical industry’s growing emphasis on producing cells that are synthetically defined has increased the want for peptones and their improvement with the more substantial assurance of arrangements.

Key Points from the Casein Peptone Market

· The market is expected to surpass USD 595.7 million by 2033.

· Rising disposable incomes, an increasing population, increased awareness of the beneficial characteristics of peptone, a burgeoning pharmaceuticals sector, and rising demand for GMO-free peptones are likely to boost market expansion.

· Casein peptone industry is expected to grow at a CAGR of 4.2% during the forecast period 2023 to 2033.

· East Asia dominated the casein peptone market.

Key Development in the Casein Peptone Market

February 2022 – Thermo Fisher Scientific will expand its bioprocessing manufacturing location in Millersburg, Pennsylvania. The expansion is part of a US$650 million investment by the corporation to provide reliable, scalable, and flexible bioprocessing production for essential commodities.
October 2021 – Merck KGa and Siemens will work to increase digital machine-to-machine (M2M) trust in industrial value chains.
February 2020 – Neogen Corporation bought Abtek Biologicals Ltd. with the intention of expanding its present portfolio. The acquisition was expected to accelerate Neogen’s global microbiology business growth.
November 2021 – Biotecnica will debut a new line of reduced endotoxin EndoLow peptones that do not require ultrafiltration. EndoLow Peptones are next-generation peptones designed for the manufacture of pharmaceuticals, vaccines, and diagnostics.
April 2021 – FrieslandCampina Ingredients introduced a new range, featuring Excellion Calcium Caseinate S, to aid in the creation of softer protein bars. Nutri Whey 800F, Nutri Whey Isolate, Biotis GOS, and Excellion EM9, as well as the new Excellion Textpro, were also introduced. The portfolio was created as a critical solution to the hardening issue that many formulators are currently facing.
August 2020 – Arla Foods Ingredients introduced the first organic micellar casein isolate to address manufacturers’ demand for organic, natural, and functional protein products. MicelPure, a novel micellar casein isolate, has at least 87% natural protein. It is appropriate for food, functional health foods, and active nutrition applications because it is low in lactose and fat, heat-stable, and flavourless.

Explore the full report for expert analysis. https://www.futuremarketinsights.com/reports/casein-peptone-market

Key Segments

Application:

Diagnostic Media Production
Industrial Fermentation
Biomass Production
Enzyme Production
Vaccine Production
Others

Region:

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

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Organic Oats Market to Reach USD 520.5 Million by 2033, Growing at a 6.4% CAGR | FMI

The organic oats market is predicted to double in value from US$ 281.0 million in 2023 to US$ 520.5 million by 2033, with a 6.4% CAGR.

As more people demand healthy food products, there is a great growth opportunity in the market. But there are many challenges in organic oats market as organic oats are typically more expensive than non-organic oats.

Market Opportunities

Nowadays people are becoming more health conscious so there is more demand for healthy foods and organic oats is one of the best healthy food. Organic oats are versatile ingredients used in many foods and beverage products like snacks and baked products so as the demand for this product grows, the demand for organic oats will also grow.

People are also demanding sustainable food products so it is also one of the key factors in the growth of organic oats market. There is also demand for plant-based diet products so there is much possibility for organic oats market to grow.

Key Takeaways

The organic oats sector has been witnessing a stable growing pace, with a CAGR of 6.4% from 2023 to 2033. This denotes a favourable trend and predicts a healthy future for the industry.
Projections indicate the global organic oats industry will likely develop and achieve a US $520.5 million revenue by 2033. This indicates a growing need for organic oats and the exciting possibilities that lay ahead in the sector.
In 2022, the United States appeared as the predecessor in the organic oats market, collecting a large market of 24.6%. This emphasises the dominating position and substantial presence of the United States in the sector.
Germany showed a substantial increase in the global organic oats market in 2022, gaining a market value of 9.6%. This suggests an increasing interest and greater engagement of corporations in Germany’s organic oats industry.
Japan showed a strong increase in the organic oats market in 2022, obtaining a high market value of 3.3%. This emphasises Japan’s rising market potential and appealing prospects for organic oats.
India became a key participant in the organic oats market in 2022, gaining a remarkable market value of 7.9%. This illustrates India’s active engagement and influence within the sector.

Competitors Winning Strategies
Competitors in organic oats market are working on many strategies, like they are making new products and giving a variety of options for customers to choose what product they want. They are making new flavours also to get different and better tastes in their products.

They are marketing their products online as they get a wider range of customers and advertising on e-commerce platforms to get new customers. They are making attractive packaging for their products and highlighting the product’s benefits to attract customers.

Recent Developments:

Nature’s Path, a major organic food brand, recently revealed the debut of a new range of organic oat-based goods, includes oat milk, oat yogurt, and oat granola.
General Mills, another significant participant in the organic food sector, has developed a new range of naturally grown oats with its Cheerios brand.
Hain Celestial Group has purchased Oatly, a Swedish firm recognised for its well-known range of organic oat milk items.

Market Segmentation for Organic Oats

By Application:

Bakery Products
Breakfast Cereals
Savory & Snacks
Others (Cosmetics, Animal Feed, and others)

By Product Type:

Rolled Oats
Steel Cut Oats
Oats Bran
Oats Flour

By Distribution Channel:

Supermarket/ Hypermarket
Online Retail
Convenience Stores
Others (Small Retail Formats)

Regions:

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

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Fish Meal Market Set to Reach USD 8.7 Billion by 2034, Growing at a 4.4% CAGR | FMI

The global fishmeal market is estimated to be valued at US$ 8325.6 million in 2024. It will likely exhibit a CAGR of 5.2% during the forecast period, totaling US$ 13,874.3 million by the end of 2034.

Demand is anticipated to remain high for powdered fishmeal during the assessment period, owing to its benefits like better convenience and versatility. The target segment will likely account for a revenue share of 31.5% in 2024.

Multiple factors are expected to drive growth of the fishmeal market during the next ten years. These include:

Rapid population growth, along with rising demand for protein-rich diets
Booming aquaculture industry
Rising demand for high-quality, nutritious animal feeds and aquafeeds
Expanding usage of fishmeal in fertilizers
Increasing demand for premium aquaculture products like salmon and shrimp

Fishmeal has become an ideal source of protein and nutrients in aquaculture, poultry, and livestock diets. It is widely used in animal feeds due to its high nutritional content, thereby fueling its demand globally.

The expansion of aquaculture industry, particularly in Asian nations, is creating significant demand for high-quality protein sources, including fishmeal in aquafeeds. This will continue to provide impetus for the growth of the fishmeal market.

There is a rising demand for fish and seafood globally amid shifting consumer preferences for healthier food products. This, in turn, is expected to fuel sales of fishmeal as it is increasingly used as a primary ingredient in aquafeeds.

Fishmeal is also gaining wider popularity in fertilizer production due to presence of protein and other essential micronutrients. This will further boost the target market during the assessment period.

Escalating focus of farmers to provide high-nutritional feeds to their animals to cope with rising meat and dairy product demand is expected to fuel fishmeal sales. Thus, a steady CAGR has been predicted for the target market during the forecast period.

Key Takeaways from the Fishmeal Market Report:

The global fishmeal industry is projected to total US$ 13,874.3 million by 2034.
Based on form, the powdered fish meal segment is set to account for a prominent value share of 5% in 2024.
Based on application, the animal feed segment is expected to hold a market share of 9% in 2024.
The United States market is anticipated to total US$ 2,024.4 million by 2034.
Fishmeal demand in Japan is forecast to grow at 7% CAGR through 2034.
China is poised to register a CAGR of 6% between 2024 and 2034.

“Rising consumption of meat and other animal products is expected to create significant demand for animal feed additives. This, in turn, will likely foster growth of the fishmeal industry during the assessment period,” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Leading fishmeal manufacturers listed in the report include Triplenine Group A/S, Oceana Group Limited S.A., Empresas Copec S.A., Pesquera Hayduk S.A., Ff Skagen A/S, Pesquera Diamante S.A., and Austevoll Seafood ASA, among others. Many of these companies are riding high on the increasing demand for alternative protein categories. These companies are expanding product portfolios and employing strategies like partnerships, advertising, mergers, acquisitions, and agreements to stay ahead of the competition.

Recent Development:

In 2022, FMC and Cargill partnered to create and market fresh aquaculture nutrition products.

Fish Meal Market Research by Application, Nature, and Other Categories

By Nature:

Organic
Conventional

By Application:

Animal Feed
Aqua Feed
Poultry
Pharmaceuticals
Dietary Supplement
Fertilizers

By Source:

Crustaceans
Crabs
Lobsters
Crayfish
Shrimps
Prawns
Krill
Woodlice
Barnacles
Cyprinids
Tuna
Tilapia
Swordfish
Salmons
Milkfish
Catfish
Trout
Marine Fish
Eels
Molluscs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Global Organic Lamb Market to Reach USD 6.34 Billion by 2032, Growing at a 5.5% CAGR | FMI

As per the report published by FMI, the global organic lamb market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is USD 3.71 Billion in 2022. The market value of organic lamb is anticipated to reach a high of USD 6.34 Billion by the year 2032. A historical CAGR of 2.7% has been recorded during 2021.

There has been a remarkable increase in the consumption of organic lamb due to their richness in vitamins, minerals, and proteins, making them highly nutritious. This trend is driven by rapid changes in consumer lifestyles and the growing working population, which increasingly favors convenient food products.

It is anticipated FMI that demand from young people and developing nations, which is surpassing supply, is predicted to drive a significant CAGR increase in the organic lamb market.

Additionally, as countries have opened their borders in this era of globalization, the interdependency of nations has risen upon each other. As a result, people in today’s world have much more means of earning a living and leading happy life. However, several factors are most likely to limit the growth of the organic lamb market during the forecast period. Lab-grown meat, pressure from animal welfare organizations, high prices, hampered rearing and strict government regulations are projected to curb the growth in the upcoming years.

Key Takeaways from Market Study

Sales of organic lamb products in the US surpassed $2 billion in 2022. As a result of health-conscious consumers, the market for organic and natural lamb foods is expanding.
As of 2011, there were 2.3 million acres of pasture and grassland that met organic criteria in the United States, and there were 3.1 million acres of farmland.
Australia and New Zealand will likely be bitter rivals. Despite this, the market is likely to continue being modest.
The biggest market for lamb and organic lamb in New Zealand right now is China.
Europe accounted for 40% of the total organic lamb market share during the base year.
By the end of 2032, it is expected that the processed lamb market would have grown by 66 BPS, the volume will exceed 45,000 MT, and value will be close to US$ 200 million.

Competitive Landscape

Several significant participants in the production of organic lamb are focusing on business growth and broadening their geographic reach in order to strengthen their positions in the organic lamb sector globally. Increasing production capacity and improving quality are two more strategies employed by large companies to get a competitive edge in the organic lamb industry.

Thomas Food International, Arcadian Organic & Natural Meat, Mallow Farm & Cottage, Colin & Sally’s Organic Lamb & Beef, Elliott Agriculture, Tulip Ltd, and Good Earth Farms are some of the key players in the market.

Recent Developments

On May 28, 2020, Australia-based recognized meat processing company “Thomas Food International” announced that the company has acquired 50% of ownership interest in Victoria, Australia-based company “Frew International”, a company that deals in sheep meat. The financials of the transaction were kept undisclosed. Moreover, the companies have publicized that they will continue to operate autonomously.
On October 15, 2019, Colorado, United States-based food company “Pilgrim’s Pride Corporation” announced that it has successfully acquired the United Kingdom-based meat company “Tulip Ltd.” Pilgrim has made a payment of $354 (all in cash) in order to bring the acquisition to a close. The transaction has reinforced Pilgrim’s UK-specific portfolio.

Key Segments in the Organic Lamb Market

By Product Type, Organic Lamb Market is Segmented as:

Raw Lamb
Processed Lamb

By Sales, Organic Lamb Market is Segmented as:

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Stores
- E-Retailers
- Specialty Stores
- Others

By End Use, Organic Lamb Market is Segmented as:

Household
Food Industry
- Soups
- Frozen Snacks
- Ready Meals
- Others (Bakery, Mea)

By Region, Organic Lamb Market is Segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Organic Cheese Market Set to Thrive with a Promising 7.1% CAGR Amid Rising Global Cheese Consumption Trends

Global cheese consumption is on the rise, fueled by an expanding variety of cheese options and increasing demand for organic dairy products. As a result, the organic cheese market is poised for significant growth, with a promising CAGR of 7.1%. With over half of the world’s cheese production originating from the European Union, and countries like the United States and New Zealand exhibiting high demand, the market value is forecasted to surge from a modest US$ 8,452.30 million in 2024 to an impressive US$ 16,832.50 million by 2034, ushering in a wave of savory indulgence.

The experts at FMI have revealed that there is an unprecedented surge in the demand for organic cheese owing to its diversity of taste and health benefits, coupled with benefits like strengthening bones and teeth. Additionally, the manufacturers in the organic cheese market are keeping a tap on consumer preferences and innovating the product range as per the need of the consumers, and further expanding the market.

FMI has analyzed that natural cheeses are not permitted to contain certain ingredients, even if organic cheese is prepared using the same methods as regular cheese. Organic cheese is produced using the same techniques as regular cheese. It is challenging because of the use of things like genetically modified organisms (GMO) or chemicals like colorants, flavor enhancers, or stabilizers.

Key Takeaways from the Market Study

Concerns about the use of antibiotics and hormones, animal health, and the environmental implications of farming are causing consumers in the United States to switch from conventional to organic cheese.
The growing socioeconomic level and altered consumer behavior in China are the main causes of the increase in the consumption of organic cheese.
Australian processed cheese sales are predicted to decline by 4%, while organic unprocessed cheese sales will increase by 2%. Within the cheese sector
The market for continental organic cheese is anticipated to be impacted by increased exposure to novel and foreign dietary options.
Online firms are concentrating on millennial consumers while modern commerce works on stocking more varieties of organic cheese in order to keep a solid market share.

“Demand for organic cheese will rise as a result of the growing desire of a sizable portion of the population to follow a healthy diet coupled with tremendous growth opportunities for manufacturers due to the rising plethora of applications in the coming years.” says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

A number of organic cheese firms are concentrating on enhancing and expanding their core business through the launch of additional products in order to keep up with conventional cheese sales. Two other areas in which producers are concentrating their efforts are the addition of new flavors to cream cheese and the creation of organic cheese snack packs.

Customers are increasingly favoring organic items, especially among millennials who are concerned about their health and the environment. They make moral choices regarding what they eat and drink as well as other matters like waste, packaging, and energy.

White Wave Foods Company, Eden Foods, Inc., The Lactalis Group, The Kroger Co., Organic Vallet, and Purity Foods Inc. are some of the key players in the organic cheese market.

Recent Developments

In August 2020, Glanbia finished obtaining Foodarom (Germany). The obtaining reinforced Glanbia’s capacity in the space of flavors and nourishing arrangements.
In 2020, Land O’Lakes fostered a natural cheese powder formed utilizing various sorts of cheeses like American, Parmesan, Blue, and Swiss cheese.

Organic Cheese Market by Segments

By Product Type, the Organic Cheese Market is Segmented as:

Cheddar
Hard Continental
Soft Continental
Territorials Ex.Blue
Others

By Distribution Channel, Organic Cheese Market is Segmented as:

Speciality Stores
Modern Trade
Convenience Stores
Traditional Grocery Stores
Online store
Other Distribution Channel

By Form, Organic Cheese Market is Segmented as:

Cubes & Blocks
Slices
Spreadable
Other Forms

By Region, Organic Cheese Market is Segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Rising Scope and Demand for Foundation Repair Services Driven by Climate Change and Infrastructure Challenges

The foundation repair services market is on track for substantial growth, with an estimated market value of USD 2,726.2 million in 2023 and expected to reach USD 3,500 million by 2033. This represents a steady compound annual growth rate (CAGR) of 2.5% during the forecast period. The growth is primarily driven by increased incidences of natural disasters, aging infrastructure, rapid urbanization, and rising awareness among homeowners regarding the importance of foundation integrity.

Key Drivers of Market Growth

Natural Disasters and Climate Change:
The increasing frequency of natural disasters, such as floods, hurricanes, and earthquakes, is a significant driver for the foundation repair services market. As climate change intensifies, these extreme weather events are causing more frequent foundation damage, necessitating professional repair services to restore stability to buildings and infrastructure.
Aging Infrastructure:
In many developed countries, aging infrastructure is leading to deteriorating foundations, contributing to structural instability and settlement issues. As buildings and structures age, they require more frequent foundation repairs, creating a robust demand for these services in both residential and commercial sectors.
Growth in Real Estate Industry:
The expansion of the real estate sector is also playing a pivotal role in the growth of the foundation repair market. As urbanization accelerates and new construction projects emerge, the need for specialized foundation repair services increases, particularly in areas where construction may disrupt existing foundation stability.
Increased Awareness Among Property Owners:
Rising awareness among homeowners and property owners about the importance of maintaining foundation integrity is contributing to market growth. Proactive detection and early intervention in foundation problems are helping to prevent larger, more costly repairs down the road, thus fueling demand for services.

Regional Insights

United States:
In the U.S., the foundation repair services market is experiencing significant growth, driven by rising disposable income, increased construction activity, and the adoption of stringent building safety regulations. These factors are encouraging investment in foundation repairs across residential and commercial properties.
Japan:
Japan’s vulnerability to natural disasters, especially in coastal cities like Osaka, Kobe, and Tokyo, is driving the demand for foundation repair services. Frequent seismic activity and other natural events are expected to propel the market forward, with companies focusing on providing regular maintenance and repair solutions to ensure building stability.
India:
India faces an increasing number of man-made disasters, such as industrial accidents and urban flooding, which are escalating the demand for foundation repair services. As the country continues its rapid industrialization, the need for resilient infrastructure and foundation repair services is anticipated to rise significantly.

Market Segmentation

Service Types:
The foundation repair services market is segmented by service type, including settlement repair, wall repair, chimney repair, floor slab repair, and others. The wall repair segment holds the largest market share due to the direct impact foundation failure has on a building’s walls, leading to cracks and instability.
End-User Segments:
The market is divided into residential and commercial segments. The residential sector is expected to dominate, accounting for over three-quarters of the global market share. Increased urbanization, coupled with a higher incidence of foundation issues in older homes, will drive continued demand in this segment.

Key Players in the Market

BASIC FOUNDATION REPAIR
Foundation Repair Services, Inc.
Connecticut Basement Systems
Eric’s Concrete & Masonry Services Ltd.
Dwyer Companies
Supportworks, Inc.
SOS Foundation Repair
GROUNDWORK
MASTER SERVICE COMPANIES
RAM JACK SYSTEMS DISTRIBUTION
ADVANCED FOUNDATION REPAIR
BDRY
Siemens Healthineers
Maryland Building Industry Association
ARIZONA FOUNDATION SOLUTIONS

Product Portfolio

Connecticut Basement System’s product portfolio includes basement waterproofing systems, foundation repair solutions, crawl space encapsulation, and sump pump installations. They offer innovative products designed to address moisture issues, structural stability, and overall basement and crawl space health.
Eric’s Concrete & Masonry Services Ltd.’s product portfolio encompasses a wide range of concrete and masonry services, including foundation repair, concrete pouring, paving, retaining walls, and decorative concrete applications. They provide reliable and high-quality solutions for residential, commercial, and industrial projects, ensuring durability and aesthetic appeal.

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Market Segmentation

By Service Type:

Settlement Repair
Wall Repair
Chimney Repair
Floor Slab Repair
Others

By End-User:

Residential
Commercial

By Region:

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

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Pre-Book Airport Transfer Market Poised for Significant Growth, Projected to Surge at a 19.3% CAGR by 2034

The global pre-book airport transfer market is set to experience impressive growth, with a projected compound annual growth rate (CAGR) of 19.3% from 2024 to 2034. The market, valued at USD 11,244.2 million in 2024, is expected to reach USD 65,664.6 million by 2034, driven by rising travel demand, technological advancements, and evolving consumer preferences for seamless, secure transportation.

Key Market Drivers

Recovery of Global Travel: After a steep decline in 2020, international travel has rebounded significantly, with global tourist arrivals approaching 90% of pre-pandemic levels in 2023. The resurgence of tourism, fueled by a growing number of low-cost airline options and a broader desire for accessible travel, is propelling the demand for pre-booked airport transfers.
Shift in Consumer Preferences: More travelers, particularly millennials and Gen Z, are opting for pre-booked transfers over traditional transport options. These services offer better convenience, affordability, and reliability. Factors such as increasing fuel and vehicle costs, traffic congestion, and limited parking availability at airports have made pre-booked airport transfers an attractive option for many.
Technological Advancements: The integration of AI, mobile apps, and online booking systems is enhancing the user experience, making booking transfers quicker, easier, and more reliable. The industry’s growth is also supported by real-time tracking, notifications, and seamless communication between service providers and passengers.

Regional Insights

United States: The U.S. pre-book airport transfer market is projected to grow at a 10.3% CAGR through 2034, driven by business travel and tourism.
India: India’s pre-book airport transfer market is expected to expand at a 19.7% CAGR, surpassing China, fueled by growing tourism and rising consumer demand.
China: China’s pre-book airport transfer market is projected to grow at an 18.4% CAGR, driven by increasing travel activity and urbanization.
Australia: Australia’s pre-book airport transfer market is forecasted to grow at a rapid 27.3% CAGR, boosted by a strong tourism sector and rising traveler preferences for convenience.
Germany: Germany’s pre-book airport transfer market is expected to grow at a 15.3% CAGR, driven by increasing international travel and corporate demand.

Category-wise Insights

Independent Travelers: Independent travelers are expected to account for 34.2% of the market in 2024, with a preference for private, secure, and customizable pre-booked airport transfers for a comfortable and personalized experience.
Private Transportation: The private transportation category is projected to dominate with a 45.3% market share in 2024, as travelers increasingly opt for direct, non-stop rides offering enhanced comfort, privacy, and convenience.

Competitive Landscape

An analysis of the pre-booked airport transfer services market reveals that companies primarily compete on the quality and variety of services they offer. Service providers are capitalizing on the growing demand for affordable yet comfortable transportation by offering pre-booked airport transfer options that cater to individual preferences.

Key players in the industry are leveraging the latest technologies and developing innovative products and services based on evolving consumer behaviors. The integration of advanced technology has become a critical factor in the competitive landscape, with companies vying to enhance their offerings. To extend their reach, many competitors are forming strategic partnerships with travel agencies, airlines, hotels, mobility platforms, and digital payment providers.

Travel agencies play a pivotal role in promoting pre-booked airport transfer services, with many new entrants, particularly in the luxury travel sector, seeking to replicate high-end travel experiences through premium features in their vehicles.

Industry Updates

Air Canada launched a pilot project in February 2024 in the Hamilton and Waterloo Region. This initiative is going to enable travelers to check in at local airports before being transported to Toronto Pearson Airport in the “luxury” comfort of a bus.
In March 2023, Uber unveiled a series of new features designed to streamline airport travel for both riders and drivers in anticipation of the bustling summer travel period in India. These features include the ability to ‘reserve’ rides up to 90 days in advance. The ridesharing giant has been focused on enhancing the airport transit process, having already established dedicated pick-up and parking areas at all important airports nationwide.
In February 2023, Transferz, a Dutch startup dedicated to providing travelers and travel brands with sustainable and dependable transport solutions, successfully secured USD 7 million. The company is now gearing up to launch its international expansion initiatives.

Leading Brands

SuperShuttle International Company
Lyft, Inc.
Uber Technologies, Inc.
Keys Shuttle
AAA Conch Limo. LLC
A&M Rentals
Avis Company
The Hertz Corporation
Greyhound Lines, Inc.
Alamo Enterprise
Avis Budget Group

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Key Segments of Market Report

By Traveler Type:

Based on traveler type, the industry is bifurcated into independent traveler and group traveler.

By Transportation Type:

In terms of transportation type, the industry is divided into private transportation and public transportation. The private transportation segment is further categorized into taxis and shuttles, car rentals, ride shares, and others. The public transportation segment is further divided into inter-city shuttles, inter-terminal shuttles and others.

By Age Group:

Depending on age group, the industry is categorized into 23-25 years, 26-45 years, 45-60 years, and more than 60 years.

By Purpose/Tourist Type:

Based on purpose/tourist type, the industry is branched into business, leisure, visit friends/relatives, education, conventions, religious, and health treatment.

By Booking Channel:

In terms of booking type, the industry is trifurcated into phone booking, online booking, and in-person booking.

By Region:

Pre-book airport transfer services market regional analysis is conducted across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

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Exploring the Surge in Special Interest Travel: Trends, Growth Drivers, and Emerging Opportunities

The global special interest tourism market is poised for dramatic growth, with a projected increase from USD 4,781.14 billion in 2024 to an estimated USD 18,843.69 billion by 2034. This surge, representing a Compound Annual Growth Rate (CAGR) of 14.70%, is driven by a growing consumer preference for experiential and personalized travel, as more tourists seek unique, authentic experiences that align with their personal interests.

The demand for special interest tourism (SIT) is being fueled by changing consumer behavior, with travelers increasingly prioritizing experiences over traditional sightseeing. This trend, further accelerated by the COVID-19 pandemic, has led individuals to discover the value of exploring new activities, locations, and cultural experiences beyond the ordinary.

As tourism adapts to new consumer demands, the market is also witnessing significant regional shifts. Countries like China, India, and the United States are emerging as key players, each contributing to the surge in demand for specialized tourism services.

Global Growth Drivers

Experiential Travel: The rise of experiential tourism, where travelers prioritize authentic, hands-on experiences, is a significant factor in the market’s expansion. Tourists are seeking activities and destinations that allow for deeper cultural engagement, sustainability, and a personal connection to the places they visit.
Social Media Influence: Platforms such as Instagram and TikTok are reshaping tourism, showcasing destinations and experiences that may have previously been unknown to a wider audience. This has created a demand for niche and often exclusive travel offerings.
Younger Demographics: Millennials and Gen Z, who favor experiences over material goods, are driving growth in the special interest tourism market. These groups are keen on customizable travel experiences, from wellness retreats and sports tourism to agro-tourism and dark tourism.
Post-Pandemic Travel Trends: The COVID-19 pandemic changed how people approach travel, with remote working and digital nomadism making special interest tourism more accessible. Tourists are no longer bound by traditional vacation schedules, allowing for extended stays in unique destinations.

Regional Insights

Asia-Pacific: The region is expected to witness the highest growth, driven by rapidly developing tourism infrastructure in China and India. Both countries are set to experience impressive CAGRs of 16.00% and 17.40%, respectively, through 2034. The rise of sustainable tourism in India and wedding tourism in China are major contributors to the region’s expanding market share.
North America: With a projected CAGR of 5.20% in the U.S. and 8.00% in Canada, North America remains a strong market for special interest tourism, particularly sports tourism and recreation. Despite economic challenges, the U.S. remains one of the most popular destinations for international tourists, while Canada benefits from its rich natural landscapes and cultural experiences.
Europe: Europe’s special interest tourism market is benefiting from an increase in medical and wellness tourism. Germany, a leading medical tourism destination, and the United Kingdom, which has seen growing demand for wellness travel, are expected to experience steady but slower growth with CAGRs of 3.10% and 3.50%, respectively, through 2034.

Opportunities for Market Players

As the demand for special interest tourism rises, opportunities abound for market players to tap into niche sectors:

Wellness Tourism: Offering retreats focused on health, relaxation, and mindfulness is becoming increasingly popular.
Cultural and Heritage Tourism: Travelers are eager to explore their ancestral roots and learn more about diverse cultures.
Agro-Tourism: Opportunities are growing in agro-tourism, with experiences such as farm stays, vineyard tours, and rural experiences gaining traction.
Sports and Adventure Tourism: From mountain biking in the Alps to surfing in Hawaii, there is an increasing desire for adventure-driven experiences.

Key Trends in Special Interest Tourism

Sustainability: Environmentally-conscious travelers are increasingly drawn to destinations that prioritize conservation and responsible tourism practices.
Dark Tourism: Sites related to historical tragedies, such as war memorials and concentration camps, are attracting growing interest from tourists seeking to explore darker parts of history.
Culinary Tourism: Food and beverage experiences are becoming key components of travel itineraries, with tourists exploring new destinations to taste regional and traditional cuisines.

Competitive Landscape

Special interest tourism companies are adopting a variety of strategies to stay ahead in the competitive landscape. Many focus on offering niche experiences, such as wellness tourism, ecotourism, and adventure travel, to attract specific customer segments. Others emphasize sustainability, aligning with the growing demand from environmentally conscious travelers. Additionally, some players are leveraging technology to create personalized itineraries and deliver seamless booking experiences, catering to the preferences of different demographics.

Recent Developments

In January 2024, MakeMyTrip, a big online travel company in India, launched the ‘Beaches of India’ campaign to showcase the many beautiful coastal spots in the country.
In May 2023, Red Sea Global, the Red Sea and Amaala mega-project developer joined hands together and introduced a first-hand company called Akun to boost sports tourism in Saudi Arabia.
In September 2022, The United Nations Environmental Programme (UNEP) and United Kingdom-based charity Reef-World Foundation jointly announced the Green Fins Hub. It is an online platform that aims to provide sustainable marine tourism a significant lift.

Key Special Interest Tourism Market Players

The Cultural Travel Company
Audley Travel
Trafalgar
Myths and Mountains
Global Medical Treatments
Carlson Wagonlit Travel
National Geographic Expeditions
Flight Centre Travel group
The Priceline Group
BrightSpark
EF Educational Tours
Wendy Wu Tours UK
ACIS Educational Company
Intrepid Travel

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Key Segments Profiled in the Special Interest Tourism Market Survey

By Purpose:

Activity
Educational
Discovery
Hobbies
Challenge
Relaxation
Health & Therapy
Day Tours

By Activity:

Environmental
- Ecotourism
- Nature-Based Tourism
- Wildlife Tourism
- Others
Adventure
- Backpacking
- Mountaineering
- Whitewater Rafting
- Cycling
- Others
Sport
- Golf
- Tennis
- Sailing
- Soccer
- Cycling
- Kayaking
- Scuba Diving
- Others

By Tourist Type:

Domestic
International

By Traveler Type:

Individual
Couple
Group
Professional

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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