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Cheese Concentrates Market to Reach US$ 2,979.7 Million by 2033 with 5% CAGR | FMI Projection

Cheese Concentrates Market1 — Cheese Concentrates Market

The global cheese concentrates market is set to be valued at US$ 1858 million in 2023 and is projected to grow at a CAGR of 5% during the forecast period. The market is expected to reach a valuation of US$ 2979.7 million by 2033. Demand for cheese concentrates is anticipated to showcase year-on-year (Y-o-Y) growth of 7.8% in 2022.

Cheese Concentrates is a cost effective substitute for natural cheese. Cheese concentrates have the flavor strength up to 15 to 20 times than that of the standard cheese. As a result it can be used in the preparation of many food products as low as 0.2%. Cheese Concentrates has a maximum shelf life from 6 to 12 months. Cheese concentrate has a wide range of food application. Cheese concentrates are famously used in the preparation of Cheese sauces and ready meals. In processed cheese, Cheese Concentrates can be used to replace mature cheese partially or fully. Cheese concentrates is being used as flavoring agent in the production of salad dressings, dips and in snack sectors as well.

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Cheese Concentrate Market: Regional Outlook:

The global Cheese Concentrate market has been categorized into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. According to International Market Bureau, United States is the leading country in the global sauces and dressings market. The consumption rate for these product have gone up post-recession period since American consumers turned to packaged food products owing to the busy lifestyle adopted. Moreover, the consumption rate of bakery product is high in the European regions specifically in UK, Germany, France and major parts of Eastern Europe. Taking in account to the fact cheese concentrate being used as the prime ingredient for these products consumed , the value sales for North America and Europe is being anticipated to be higher for Cheese Concentrate market.

Cheese Concentrate Market: Demand Driver:

The global Fat free product market is expected to grow at faster rate in the coming years owing to the rising awareness of its health benefits. Cheese Concentrate being used in the production of fat free product, will witness its growth in terms of value and volume sales globally. Owing to rising number of diet conscious consumers, there will be rise in demand for Cheese Concentrate oriented products especially in regions like North America and Asia Pacific. Moreover there is a trend of rise in preferences for Mexican food especially in Asia Pacific and North American regions. As result, cheese concentrate will witness rise in demand especially from the food processing industry for the same.

ADM, a global leader in alternative protein and nutrition products and solutions, and Benson Hill, Inc., a food tech company unlocking the natural genetic diversity of plants, strategically partnered to rule inventive soy ingredients that will assist meet the swiftly increasing demand for plant-based proteins. The partnership will assist a variety of plant-based food and beverage markets to meet savory, sweet, and dairy customer needs.

Some of the key players in the cheese concentrate market are:

Archer Daniels Midland Company
Ingredion Incorporated
Adare Food Ingredients Pvt Ltd
Dale Farm Ltd
C.P. Ingredients Ltd
Land O’ Lakes Inc.
Dairy Farmers of America, Inc.
First Choice Ingredients (DSM)
Butter Buds Inc.
GoBia Ltd
Puramio India Pvt Ltd
Jeneil Bioproducts GmbH
Others

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Key Segments of the Cheese Concentrate Market

By Product:

Mozzarella Cheese
Cheddar Cheese
Parmesan Cheese
Swiss Cheese
Goat Cheese
Blue Cheese
Others

By Form:

Powder
Paste / Spread
Chunk
Grated
Others

By Buyer:

Commercial Bakers
Artisan Bakers
Retail Buyers
Food Service Providers

By Application:

Bakery & Confectionery
Processed Cheese
Sauces, Dressings, Dips & Condiments
Dairy & Desserts
Snacks & Savory Items
Ready Meal Production
Others

By Sales Channel:

B2B / HoReCa
B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats

By Region:

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

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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 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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Instant Tea Premix Market Poised to Reach US$ 2,893.4 Million by 2034 with 4.1% CAGR – Growing Demand for Portable Tea Solutions

The food and beverage analysts at Future Market Insights came to a valuation of US$ 1,943.50 million by 2024 to be gained by the market. A surge in tea culture will further propel the instant tea premix market size to a US$ 2,893.4 million valuation by 2034.

Tea, and that too, portable tea, has to be everyone’s favorite. Ginger, cardamom, lemon, masala, or plain, consumers are rapidly gravitating towards instant tea premixes. This trend has aided the demand for these premixes to gain a 4.1% CAGR from 2024 to 2034.

Increasing interest of consumers in health-benefitting, low-calorie RTD (ready-to-drink) beverages is expected to provide an impetus to growth of the instant tea premixes market. In the coming years, the rise in demand for slimming tea and herbal tea is expected to fuel new trends in the instant tea premixes market.

Furthermore, leading players are also focusing on introducing instant tea premixes with no added sugar by discovering natural sweeteners that can satiate consumers’ need for health-benefitting properties of their products.

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Market Competition

As per the Future Market Insights instant tea premix market forecast, market players employ various tactics to boost revenue. They are investing in research and development to create new flavors and formulas that cater to a wide range of consumer preferences for instant tea premix flavors. Companies use conventional retail channels and e commerce platforms to extend their distribution networks and reach a wider range of consumers.

Leading instant tea premix brands are concentrating their branding and marketing efforts to set themselves apart from the competition and foster consumer loyalty. This will help boost sales and profitability in the market.

The key players in this market include:

Keurig Green Mountain Inc.
Ito En Ltd.
Suntory Beverage & Food Ltd.
The Republic of Tea Inc.
Starbucks Corp.
Ajinomoto General Foods Inc.
The Coca Cola Company
Vending Updates India Pvt. Ltd.
Dunkin Brands Group Inc.
PepsiCo Inc.
Monster Beverage Company
C. B. Shah & Co. (Tweak)
Wagh Bakri Tea Group
Girnar Food & Beverages Pvt. Ltd.
Unilever (Lipton)

Key Developments

In 2023, ‘Honest Tea’ is the first tea beverage Coca Cola India hashas launched into the ready to drink market.
Honest, a division of the Coca Cola Company, owns the brand.
The product’s organic green tea will come from the Makaibari Tea Estate of Luxmi Tea Co Private Ltd, a company in West Bengal, India.
The launch aimed to provide customers with more beverage alternatives, which would be available in mango and lemon tulsi varieties.

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Factors Influencing Growth of the Instant Tea Premixes Market

Evolution in Standardization and Quality Evaluation of Instant Tea Premixes

Consumers are turning to instant tea premixes for the convenience of consumption and the health-benefitting potential of instant herbal tea. Thereby, leading players in the instant tea premixes market as well as researchers and regulatory bodies are introducing efficient ways of standardizing the formulation of such products commercially available in the market.

Increasing consciousness about consumers’ health and wellness is encouraging market players to sync with the standards of formulation and sensory attributes of instant tea premixes. Ongoing advancements in standardization and evaluation methods are expected to influence emerging trends in the instant tea premixes market, in the coming years.

Instant Tea Premixes Becoming an Integral Part of Consumers’ Travel Essentials

Owing to the ease and convenience of consumption offered by instant tea premixes, consumers are resorting to this option when the need for convenient food products such as on-the-go breakfast products is heightened. Growing consumer preference for a homelike cup of tea while travelling is expected to contribute to the increasing demand for instant tea premix.

As instant tea premixes are becoming the modern travel essentials for consumers, especially among young adult consumers, leading market players are introducing interesting formats and packaging with small serving sizes to benefit from this trend. Sachet packaging and the other forms packaging such as sachet-in-a-cup is expected to emerge as one of the newest growth prospects in the instant tea premixes market, the rise of which is mainly attributed to this trend.

The research report presents a comprehensive assessment of the instant tea premixes market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The instant tea premixes market is broadly segmented according to the product type, nature, sugar content, flavor, sales channel and region.

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Key Segments Profiled in the Instant Tea Premix Market

By Type:

No Sugar
With Sugar

By Nature:

Organic
Conventional

By Flavor:

Cardamom
Ginger
Masala
Lemon
Plain

By Sales Channel:

Hypermarkets/Supermarket
Convenience Store
Drug Stores
Specialty Stores
Traditional Grocery Store
Online Stores

By Region:

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

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Nutraceuticals Market Set to Surpass US$ 703 Billion by 2033 with 5.3% CAGR – Growing Health Awareness and Demand for Specific Health Solutions

The global nutraceuticals market value is likely to jump from US$ 418,080 million in 2023 to US$ 703,122.075 million by 2033. This anticipated growth is expected to be driven by a steady CAGR of 5.3% in nutraceutical sales over the next decade.

The nutraceutical sales are set to keep growing. People like them because they are easy to store, can do many good things at once, and people are learning more about them. The popularity of nutraceutical products is going up fast. People are learning more about how nutraceuticals and their supplements can be good for their health. They help with health problems like obesity, heart disease, cancer, high cholesterol, arthritis, and diabetes.

Key Highlights

Dietary health is a primary focus of the nutraceuticals market, with products targeting specific health conditions and dietary needs.
The global market is also witnessing a surge in demand for halal nutraceuticals & vaccines.
More than 90% of the global nutraceuticals market is attributed to developed nations, including the United States, Europe, and Japan.
The United States has been a leader in the global nutraceuticals market and is projected to maintain its dominance. Its strong pharmaceutical and dietary supplement industry and high demand for functional foods and beverages support this domination.
Nutraceutical companies are expanding their presence in traditional retail channels and the growing e-commerce sector.

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More people are living in cities, spending money on health stuff, and dealing with heart, chronic, and obesity problems. This is why the nutraceuticals market is growing rapidly. Functional foods have omega fatty acids that help individuals keep a healthy weight and improve blood circulation.

Many people have become aware of herbal products and natural foods lately. They prefer these over foods with chemicals. This trend is especially strong in North America and Europe. In these two regions, people are willing to spend more on natural products.

There are also new types of nutraceuticals like gummies, jellies, and soft gels coming into the market. Preference for these variants is growing because they come in various shapes, sizes, flavors, and strengths. Kids are also getting into these kinds of nutraceuticals, which is making the market develop.

New technology in the nutraceutical industry is making people want these products more. They are utilizing contemporary technologies like AI to give people personalized advice based on their diet and health. Consequently, AI is going to be really important for the nutraceutical industry to grow all around the world during the forecast period.

“In the Nutraceuticals Market, probiotics play a transformative role in enhancing mental and physical health. These beneficial microorganisms are reshaping the industry by promoting better digestion, immune support, and improved overall well-being through nutraceutical products.” Says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.

Key Takeaways from the Nutraceuticals Market:

In 2022, the United States asserted its dominance in the nutraceuticals industry, boasting a commanding 23.4% global market share, underpinned by its robust research and development capabilities.
The nutraceuticals industry in the United Kingdom is poised for substantial growth, with a projected CAGR of 7.8% through 2033, driven by increasing consumer awareness of health and wellness.
Japan’s 2.4% share of the nutraceuticals industry in 2022 was bolstered by its reputation for producing high-quality and innovative health and wellness products.
India’s rapid development in the nutraceuticals industry, with a CAGR of 4.4% over the forecast period, is driven by a growing trend towards natural and organic products.
Germany’s significant 12.9% share of the global nutraceuticals industry in 2022 can be attributed to its reputation for high-quality manufacturing standards
China’s anticipated rise in the nutraceuticals industry, with a projected CAGR of 6.5% over the forecast period, is propelled by a surge in demand for dietary supplements.

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Key Players and Strategies for Success in the Nutraceuticals Market

In recent years, the nutraceuticals industry has emerged as a dynamic and rapidly expanding sector within the global market. In this dynamic landscape, key players employ multiple strategies to meet the evolving needs of consumers and establish their foothold in an increasingly competitive market. Here are key points about key players and strategies for success in the nutraceuticals market:

Invest in research to develop innovative and effective nutraceutical products.
Create strong branding and marketing campaigns to stand out in a competitive market.
Stay up-to-date with regulations and ensure products meet compliance standards.
Collaborate with healthcare professionals, fitness influencers, or retail chains to expand distribution.
Stay adaptable to changing consumer preferences and health trends in the market.

Recent Developments the Nutraceuticals Market

In June 2022, Kellogg’s Special K introduced new Protein Snack Bars. These bars have 6 grams of protein and only 90 calories. They come in sweet berry vanilla and rich chocolaty brownie sundae flavors.

In April 2021, Nestlé NIDO 3+ unveiled a better recipe designed specifically for kids aged three to five. This new and improved recipe has just the right amount of Vitamin A, Zinc, and Iron, the nutrients young children need.

Key Companies Profiled in the Nutraceuticals Market

General Mills Inc.
The Natures Bounty Co. (NBTY)
Amway Enterprises
Herbalife International, Inc.
Royal DSM NV
Pepsi Co.
Yakult Honsha Co., Ltd.
Groupe Danone
Bayer AG
BASF SE
Abbott Laboratories
Chobani LLC

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Nutraceuticals Market by Category

By Product Type:

Functional Foods
- Probiotics fortified foods
- Omega fatty acid fortified foods
- Branded Iodized salt
- Branded Flours
Functional Beverages
- Energy Drinks
- Sports Drinks
- Fortified Juices
- Fortified Dairy Beverages
- Others Functional Beverages
Dietary Supplements
- Protein Supplements
- Vitamins and Minerals
- Herbal Supplements
- Other Dietary Supplements

By Form:

Soft-Gels
Capsules
Liquids
Tablets
Powder & Granules

By Sales Channel:

On Direct Sales/B2B
Indirect Sales/B2C
- Health & Beauty Store
- Pharmacies/Drugstores
- Modern Trade Channel
- Online Retailing

By Region:

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

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Multi Nutritional Supplement Market Projected to Reach US$ 310 Billion by 2032 with 5.9% CAGR – Growing Health Consciousness and Demand for Diverse Nutrients

Multi Nutritional Supplement Market is forecasted to register a 6.8% CAGR during the forecast period (2022-2032) and is projected to reach US$ 1.9 Billion by 2032

With the increasing growth of the health & wellness trend and consumers’ awareness about the necessity of adding diverse nutrients to diets, the demand for multi-nutritional supplements, as well as dietary supplements, has increased significantly in the past few years. Over-the-counter dietary supplements and multi-nutritional supplements are becoming a big business with a mounting number of consumers relying on these nutraceuticals for satisfying their daily dietary needs.

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Consumers are becoming aware of the importance of antioxidants, vitamins, and other nutrients, and it is directly influencing the sales of multi-nutritional supplements. In addition, with the increasing global prevalence of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes, consumers are likely to depend on external nutritional supply to meet their dietary needs. The increasing dependency of consumers on multi-nutritional supplements for weight loss and obesity management will further bolster their demand in the coming years.

Consumers are preferring to consume multi-nutritional supplements instead of resorting to two or more two dietary supplements to get the essential nutrients. This is expected to support the growth of the multi-nutritional supplements market in the coming years. Leading players in multi-nutritional supplements are introducing products with health-benefiting ingredients such as vitamin D ingredients, vitamin C ingredients, and natural antioxidants.

Multi-nutritional Supplements Market – Competitive Landscape

Key stakeholders in the multi-nutritional supplements market Amway, Nature’s Bounty, Inc., Rexall Sundown, Inc., Puritan’s Pride, Inc., Osteo Bi-Flex, among the many others. Some of the notable developments in the competitive landscape of the multi-nutritional supplements market include:

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Ever-growing Demand for Nutrition Supplements among Elderly Consumers

The consumption of multi-nutritional supplements is expected to remain significantly high across the geriatric population. A 2017 survey including 3,500 American adults aged 60 and older was published in The Journal of Nutrition, and it found that almost three-fourth of the participants consumed a daily multi-nutritional supplement (either individual vitamin or mineral or a multivitamin supplement), more than half of the participants said that they take one or two supplements, and more than one-fourth of the participants take four or more supplements.

The Rise of Multi-nutritional Supplement Subscription Services Bring in New Trends

While the multi-nutritional supplements market is witnessing incremental growth worldwide, consumers’ need to maintain adherence to their nutritional program is triggering the rise of new market trends. A mounting number of leading players, as well as new entrants in the multi-nutritional supplements market, are introducing supplement subscription services integrated with advanced technologies to offer consumers more convenience at maintaining their daily nutritional intake.

Introducing subscription services that can offer more personalised recommendations about sustainable and high-quality multi-nutritional supplements is expected to emerge as a winning strategy for stakeholders in the coming future.

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Cold-Pressed Oil Market Set to Reach US$ 38,426.4 Million by 2034 with 5.10% CAGR – Rising Demand for Healthy Oils

The global cold-pressed oil market share is projected to reach a valuation of US$ 37.3 Billion by 2032 with a CAGR of 4.8% during 2022-2032. Due to a greater understanding of health and well-being, consumers’ eating habits and nutritional patterns have changed. The demand for cold-pressed oil is rising, as a result, it is anticipated to lead to an increase in sales of cold-pressed oil in the market throughout the forecasted period.

Furthermore, consumers are willing to pay a greater premium for nutritious components and products. The cold-pressed oil market size is being positively impacted by the healthy eating categories’ rapid expansion relative to the decadent ones.

The Cold-Pressed Oil market is experiencing remarkable growth as consumers increasingly prioritize natural and healthy oils in their diets. With the cold-pressing process retaining the nutritional integrity of oils, such as olive, coconut, and sunflower, their popularity is surging. Rising awareness of the benefits of cold-pressed oils fuels the market’s expansion in the food and cosmetic industries.

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Consumers are urging food companies to increase the transparency of their products, going past ingredients, free-from status, and nutritional levels. Due to this, the sales of cold-pressed oil are likely to rise by end-users.

Thus, with increasing demand for cold-pressed oil, several food product manufacturers are using ingredients to increase the overall quality and nutritional level of their final product which is anticipated to boost the cold-pressed oil market size.

In addition to this, demand for cold-pressed oil along with demand for functional food products is also significantly increasing around the globe. This growing demand is leveraging the growth of cold-pressed oil, fortified edible oil and seed oils over the forecast period.

Key Takeaways from Market Study

The cold-pressed oil market growth is expected to expand at a CAGR of 5.2% and 7.4% in Latin America and the Middle East & Africa, respectively through 2032.
Among the type segment, palm oil is dominating the cold-pressed oil market trends holding more than 18% share in 2022 and it is expected to grow with a CAGR of 2.8% over the forecast period.
Among the application segment, the food industry is dominating the cold-pressed oil market size holding more than 50% share in 2022 and it is expected to grow with significant CAGR of 3.6% over the forecast period.
The B2B is dominating the distribution channel segment holding around 70% share in 2022 and it is expected to grow with CAGR of 3.6% which is likely to rise the sales of cold-pressed oil during the forecast period.

Competitive Landscape

The key players involved in the cold–pressed oil market statistics to strengthen their research and development activities to increase the yield and improve extraction technology which is offering significant growth opportunities for the overall cold–pressed oil market trends.

In addition to this, understanding the growing demand for cold–pressed oil several key players in the oil market are entering the cold – pressed oil market by introducing their cold-pressed oil range of products.

For Instance

In September 2020, Dabur which is one of India’s prominent natural health care companies entered the edible oil segment by introducing their cold-pressed mustard oil.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global cold-pressed oils market key trends & opportunities, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on application (food industry, agriculture, cosmetics and personal care industry), type (cottonseed oil, rapeseed oil, palm oil, peanut oil, coconut oil, olive oil, palm kernel oil, soybean oil, sunflower seed oil) and sales channel (B2B, B2C (hypermarkets/supermarkets, convenience stores, speciality stores, retail store, online retail) across seven major regions of the world.

Cold-Pressed Oil Market by Category

By Application :

Food Industry
Cosmetics and Personal Care Industry
Agriculture

By Type :

Peanut Oil
Coconut Oil
Rapeseed Oil
Cottonseed Oil
Soybean Oil
Olive Oil
Palm Oil
Sunflower Seed Oil
Palm Kernel Oil

By Distribution Channel :

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Retail Stores
- Online Retail

By Region :

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

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Mullein Leaf Demand to Reach US$ 4,781.6 Million by 2032 with 3.5% CAGR – Pharmaceutical Industry’s Demand for Herbal Products

Global mullein leaf market demand is anticipated to be valued at US$ 3,285.5 Million in 2022, forecast to grow at a CAGR of 3.5% to be valued at US$ 4,781.6 Million from 2022 to 2032. Growth is attributed to increased demand for herbal products, especially across the pharmaceutical industries.

Mullein leaf ash was reportedly used as a hair wash to darken hair in ancient Roman times. Mullein leaf is currently extensively used as an oil and ointment, or as a herbal tea. A biennial plant of the Scrophulariaceae family, mullein produces hairy mullein leaves. Native to northern Africa, central and western Asia, and Europe, mullein comes in more than 200 varieties that are found all over the world.

Mullein leaf, a weed with plentiful benefits as an herb

Mullein leaf is available in loose as well as in powder format and further processed to produce leaf extract and also tincture. Mullein leaf works well in treating various problems like cough, earaches, cold, flu, fever, sore throat, allergies, asthma, diarrhea, migraines, and joint pain.

Mullein leaf tea is consumed to aid in sleep. Otherwise, mullein leaf can also be applied to the skin for burns, hemorrhoids, bruises, wounds, and skin infection. Mullein leaf is considered to be an effective demulcent, diuretic, antiviral, antifungal, antitumor, anti-inflammatory, anti-spasmodic, and antibacterial.

Mullein leaf has a bitter taste to it and has been used as a flavoring agent in alcoholic beverages. Other application of mullein leaf includes fertilizer industry due to a chemical called as rotenone it contains.

Common mullein, is proved to be invasive outside its native region and has found to be a noxious weed in Colorado and Hawaii. As the cattle and other animals avoid grazing on it can lead to widespread of the plant.

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Global Mullein leaf market: Key players

Bio-Botanica Inc., Penn Herb Co. Ltd., Nature’s Answer, Starwest Botanicals Inc., Baar Products, Inc., Mountain Rose Herbs, Alvita, Solaray, Lucky Mojo Curio co., Payne Mountain Farms, Swanson Vitamins are some of the key players in the global Mullein leaf market.

Global Mullein leaf market: Key developments

Aadvantics Pharmaceuticals Inc., a California-based company granted US patent in 2014 for the herbal product consisting of the combination of five different herbs that can be used to prevent or treat cough. The composition contains extracts of thyme leaf, mullein leaf, cocoa, wild cherry bark, and Boswellia Serrata.

Bio-Botanica Inc. introduced Mullein Leaf Zea Botanicals product line which is a liquid blend of mullein leaf extract and Zemea for the use as a personal care and cosmetic product. Zemea is a bio-based product by DuPont Tate & Lyle Bio Products.

Mullein leaf and leaf extract have GRAS status by the FDA as there are no serious side-effects recorded so far. However, many of the mullein leaf and leaf extract sold by the manufacturers under the category of herbal medicines lack FDA approval for the said treatment by the manufacturer.

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Global Mullein leaf market: Opportunity

Mullein plant is considered as a noxious weed by some of the states of the US such as Colorado and Hawaii as these areas are not native region for the plant. This leads to stringent rules and regulation by the government on the cultivators and manufacturer of the mullein leaf.

This might affect the market of mullein leaf these regions. Since the plant is not noxious in Europe and Asia, the native region of the plant, there is opportunity for mullein leaf in these markets.

Key Data Points Covered in the Mullein leaf Report

An overview of the global Mullein leaf market, including background and advancement.
Macroeconomic factors affecting the Mullein leaf market and its potential.
Market dynamics, such as drivers, challenges, and trends.
Detailed value chain analysis of the Mullein leaf market.
The cost structure of and segments covered in the study.
In-depth pricing analysis, by crucial Mullein leaf segments, regions, and by major market participants.
Analysis of supply and demand the Mullein leaf, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
Analysis of the market structure, including a tier-wise categorization of key market participants of Mullein leaf market.
Competitive landscape of the market, including detailed profiles of the top players in the Mullein leaf market.

Regional analysis of the Mullein leaf market includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
Eastern Europe (Poland, Russia, Ukraine, Rest of Eastern Europe)
Japan
Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the Mullein leaf market.

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Mullein leaf market segmentation

Mullein leaf market segmentation on the basis of type:

Wild
Cultivated

Mullein leaf market segmentation on the basis of nature:

Organic
Conventional

Mullein leaf market segmentation on the basis of end use:

Beverages
Pharmaceutical
Herbal supplement
Dyeing
Cosmetics
Fertilizer

Mullein leaf market segmentation on the basis of packaging:

Bottle
Pouch

Mullein leaf starch market segmentation on the basis of distribution channel:

Wholesale
Online retailer
Supermarket
Specialty stores

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Rice Milk Market to Reach US$ 1.3 Billion by 2033 with 6% CAGR – Antioxidant Benefits and Cholesterol Reduction Driving Demand

The rice milk market is registering a valuation of US$ 0.639 billion in 2023 and is projected to reach US$ 1.3 billion by 2033. The market is capturing a CAGR of 6% during the forecast period.

How is the Popularity of Rice Milk Growing Among Consumers?

The popularity of rice milk is rapidly growing among consumers due to several factors, including:

Plant-based Trend: The increasing demand for plant-based and vegan trends is advancing the global market. The demand for rice milk is growing due to lactose intolerance and rising allergies to milk.
Digestive Benefits: Adopting rice milk among consumers improves the digestion system with its natural ingredients. It is one of the suitable alternatives for the stomach as compared to milk.
Allergen-free: Rice milk is made up of natural and organic flavor ingredients. It is sustainable without allergens such as soy, lactose, and nuts.
Mild Flavor: The demand for rice milk is rising due to its sweet, mild, natural flavor. Rice milk is a standalone beverage with versatile ingredients.
Nutritional Profile: Rice milk is lower in fat than other milk. It provides better nutrition, vitamins and minerals, and essential nutrients such as vitamins B and D.
Sustainable Option: The demand for rice milk is increasing due to its sustainability and lower greenhouse gas emissions than dairy milk, such as cow’s milk.
Variety: Rice milk is popular plant-based and is available in oat, soy, and almond milk varieties.

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Key Takeaways:

The rice milk market is predicted to register a CAGR of 6% with a valuation of US$ 1.3 billion in 2033.
In the historical period, the market secured a CAGR of 2.4% between 2018 and 2022.
India is estimated to lead the global market by securing a CAGR of 7.8% by 2033.
Based on end use, the food & beverages sector is estimated to register a share of 21.5% during the forecast period.
The market is anticipated to capture a valuation of US$ 0.639 billion in 2023.

How Key Players Are helping surge the Global Market?

Key players focus on developing sustainable, lactose-free rice milk to expand the global market. These key players are adopting marketing tactics, including collaborations, mergers, acquisitions, product launches, and agreements.

Key players are launching new products in the global market with exotic flavors and organic ingredients additions. A few of the prominent players in the market are as follows:

Dream Plant-based: The company offers dairy-free alternatives to their customers with a clean label and eco-friendly sourcing.
Vitasoy: The company provides soy-based products to their customers with the high-quality and wide availability of beverages.
Earth’s Own: This company provides plant-based and vegan beverages to its consumers. They are promoting their brand with distribution channels.

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Recent Developments in the Global Market:

In 2022, Ebro Foods announced its newly launched rice milk product with 100% organic ingredients. They offer non-toxic, artificial sugar-free rice milk containing 16% of rice content.
In 2021, Linda McCartney launched its plant-based rice milk with different types of varieties, including organic rice and organic soya.

Market Categorization:

By Distribution Channel:

Supermarket & Hypermarket
Online Retails
Others

By Form:

Powder
Liquid

By Source:

Organic
Conventional

By End Use:

Food & Beverages
Nutraceuticals & Baby Food
Personal Care
Pharmaceuticals
Others

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Ready-to-Use Therapeutic Food Market to Reach US$ 743.4 Million by 2033 with 6% CAGR – Rising Malnutrition Cases Drive Demand

As per the global ready-to-use therapeutic market analysis report by FMI, the market valuation is expected to be around US$ 429 million in 2023. By the end of this forecast period, the global sales of ready-to-use therapeutic food are anticipated by FMI to generate revenues of around US$ 743.4 million.

Undernutrition is responsible for around 45% of fatalities among the Under 5 children group as a result of rising rates of malnutrition throughout the world. The rising concern of international communities to combat the menace by available options is what boosts the demand for ready-to-use therapeutic food internationally. Earlier, the American Journal of Clinical Nutrition published that 96% of kids who received RUTF treatment were visibly nourished within a year.

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Interestingly enough, the impact of the Covid-19 pandemic was drastic across the developing and underdeveloped worlds that benefitted the market after a short while. It was apprehended that severely malnourished children were at a dangerously high risk of contracting the novel coronavirus due to weakened immunity. So considerable efforts were made for the provisioning of ready-to-eat therapeutic foods boosting its sales in the global market.

However, higher costs and the absence of sufficient market channels are projected to impede the growth of RTE therapeutic food products throughout the forecast period. Many producers of RTD therapeutic products do not adhere to WHO’s food product preparation standards, resulting in microbial contamination.

Key Takeaways from the Ready-to-use Therapeutic Food Market Study Report

Based on market survey reports, the sales of ready-to-use therapeutic foods were dominated by the United States, with a revenue share of 23.5% in 2022.
Likewise, Germany is a leading contributor of RTD therapeutic products in the UNICEF programs and held a market share of 14.5% in 2022.
Contrastingly, Asia Pacific countries are performing well these days and have increased their ready-to-eat therapeutic food production capacity to compete globally. While the market for this commodity in China is projected to grow at 4.5% through 2033 India is expected to advance at a 6.5% growth rate.
Increasing sales of the drinkable therapeutic food segment is likely to fuel the expansion of the ready-to-use therapeutic food industry through the forecast years. Over the forecast years, a staggering double-digit CAGR is predicted for the drinkable therapeutic foods segment.

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Competitive Landscape for the Ready-to-use Therapeutic Food Market Players

Nuflower Foods, GC Rieber Compact AS, Valid Nutrition, InnoFaso Corp., Edesia Inc., Nutrivita Foods Ltd., Diva Nutritional Products, Insta Products Ltd., Mana Nutritive Aid Product Inc., Meds & Food for Kids Inc., Samil Industrial Co., Tabatchnick Fine Foods Inc., Amul India Inc., Hilina Enriched Foods PLC, and Société de Transformation Alimentaire among others are some key players in the global ready-to-use therapeutic food market.

Throughout the forecast period, the overall market is expected to remain consolidated due to the presence of a few key players globally. Market growth is anticipated to accelerate due to an increase in collaborations in the regional markets for the production of RUTF at a higher quantity.

For example, the Federal Government of Nigeria signed an MOU with UNICEF in May 2018 to acquire and supply RUTF in the country in huge quantities. The cooperation aimed to act as a parallel contribution to the acquisition and delivery of the goods throughout the state’s six affected zones.

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SIndustry Key Segment

By Type:

Solid Therapeutic Food
- Power or Blend Form
- Biscuits or Bar Form
Paste Therapeutic Food
Drinkable Therapeutic Food
Other Ready-to-use Therapeutic Foods

By End User:

United National International Children’s Emergency Fund (UNICEF)
World Food Program (WFP)
Government Organizations
Non-governmental Organizations (NGOs)
Other End Users

By Region:

North America (United States, & Canada)
Latin America (Brazil, Mexico & Rest of Latin America)
Europe (France, Germany, Spain, United Kingdom Italy, BENELUX, Nordics, Russia, Poland & Rest of Europe)
Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand, and the Rest of APAC)
The Middle East & Africa (GCC, North Africa, Tanzania, Ethiopia, Nigeria, Malawi, Kenya, South Africa & Rest of MEA)

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Online Shopping Surge: Impact of E-commerce Platforms on the Expanding Bag Market Landscape

The bag market is estimated to be worth US$ 34.1 billion in 2023 and is projected to be valued at US$ 50.3 billion in 2033. between 2023 and 2033, the industry is expected to register a growth rate of 3.9%. Bags are one of the most cost-effective packaging solutions available. They are economical to produce, lightweight, and efficient for containing and transporting a wide range of goods. This cost-effectiveness makes them attractive to businesses, driving the market demand.

The surge in online shopping has revolutionized the bag market, reshaping its landscape and driving significant growth. E-commerce platforms offer consumers unparalleled convenience and accessibility to a wide array of bag options, ranging from handbags to backpacks and tote bags. This accessibility has not only expanded the market but also empowered consumers to find bags that align with their specific needs and preferences. As a result, the bag market continues to thrive, propelled by the transformative impact of e-commerce on consumer behavior and shopping habits.

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Key Takeaways

In 2022, the bag market was valued at US$ 34.1 billion.
Based on material type, the plastic segment is expected to account for a share of 71.8% in 2023.
Based on end users, retail and consumer segments account for a market share of 56.4%
Global bag demand in China is predicted to account for a CAGR of 5.7% through 2033.
Bags in the United States is expected to account for a CAGR of 2.5% between 2023 and 2033.
Japan is projected to expand by a value CAGR of 2.9% between 2023 and 2033.
By 2033, the bag market in India is anticipated to record a CAGR of 6.4% during the forecast period.

“The bag design and technology advancements are a major trend expected to augment the market growth. The increasing demand for customizable packaging is a major factor accelerating the market growth.” says an FMI analyst.

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Competitive Landscape

Market actors have reshaped the product in such a way that consumers are drawn to acquire bags. The key players in the plastic bags industry are concentrating on providing lighter-weight and more environmentally friendly bags.

Some of the market’s major companies are Berry Global, Mondi Group, Ampac Holdings, LLC, International Plastics Inc., BioBag International AS, Smurfit Kappa, WestRock Company, Billerudkorsnas, Huhtamaki Oyj., Fischer Bag Company.

Mondi Group Inc. has announced ambitions to expand its paper-based MailerBAG line in order to replace plastic packaging in e-commerce with a recyclable solution created from socially sourced renewable materials.
Coveris Holdings has announced the acquisition of Norwich-based flexible packaging production and trading company Four 04 Packaging. The company hopes to specialize in biodegradable bags for fresh food and vegetables as a result of this acquisition.

Valuable Insights Available

Future Market Insights offers an unbiased global bag market analysis, providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.

To understand opportunities in the bags market, the market is segmented based on Material Type (Plastic, Paper, Textile) By Product Type (T-shirt bags, Gusseted Bags, Lay Flat Bags, Garbage/Refuse/Trash Bags, Woven Bags, Other Bags) by End-User (Retail and Consumer, Institutional Services, Industrial End Use, Household) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, the Middle East, and Africa).

About the Packaging Division at Future Market Insights

The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective of providing authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Bag Market by Category

By Material Type:

Plastic
Paper
Textile

By Product Type:

T-Shirt Bags
Gusseted Bags
Lay Flat Bags
Garbage/Refuse/Trash Bags
Woven Bags
Other Bags

By End User:

Retail & Consumer
Grocery Products
Food & Beverage
Clothing & Apparel
Others
Institutional Services
Hospitality
Healthcare
Others
Industrial End Use
Household

By Region:

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

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Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Unidirectional Tapes Market is Expected to Reach at a US$ 1010 Million by 2034 | FMI

Over the projected period, the global unidirectional tape (UD) market is anticipated to experience significant growth, with a compound annual growth rate (CAGR) of 12.3%. This surge is forecasted to elevate the market value from US$ 316 million in 2024 to a substantial US$ 1010 million by 2034.

With an increase in the production of electric and hybrid vehicles, the use of automotive adhesive tapes for attaching components in interiors could increase. Additionally, the industry is anticipated to profit from the manufacturers’ growing sensitivity toward automotive aesthetics.

Increased use of unidirectional tapes as a substitute for metals in cars to reduce their overall weight by about 40% is the main factor for market growth. Through the forecast years, sales are also projected to be driven by the fast-rising need for lightweight components in the automotive and aerospace sectors. Additionally, the trend of switching to electric vehicles is anticipated to include the use of lightweight components may probably benefit the industry.

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Key Takeaways from the Unidirectional Tapes Market Study Report

Based on geographical regions, North America held a global market share of 22.3% in the year 2022. With a 20.5% sales share in 2022, The United States led the global market and is expected to continue its dominant position through 2033.
The total sales of unidirectional tapes in the whole of Europe accounted for 20.8% of the revenue achieved by the market in 2022 globally. Germany is the leading end-user country for unidirectional tapes in Europe which contributed to 3.9% of the revenue share that year.
In Asia Pacific region, Japan held a significant market for unidirectional tape producers with a global market share of 5.3% in 2022. Contrastingly, China is observed to be growing at a notable rate in consumption of unidirectional taps and could register a 9.2% CAGR through 2033.
FMI awards an astounding annual growth of nearly 9.7% for sales of unidirectional tapes in India over the years between 2023 and 2033. Moreover, it is anticipated that the region’s strongly growing aerospace and car manufacturing sectors might help drive up product demand.

Competitive Landscape for the Unidirectional Tapes Market Players

Cytec Solvay, SABIC, Teijin, Evonik, Toray, Celanese, Barrday, Avient, Polystrand, SGL, and Hexcel are some of the prominent players in the global market. Due to the high concentration of industries in North America and Europe, product acceptance is noticeably low in other areas, which restricts market growth.

The United States and other nations in Europe, particularly Germany, the United Kingdom, Belgium, and the Netherlands, dominate the global market consolidation. However, with the emergence of some new competitors who are mostly focused on strengthening their online sales channels, the market is somewhat competitive nowadays.

The fine manufacture of unidirectional tapes is anticipated to be shaped by ongoing research and development in the design and strength of composite materials. To acquire a competitive edge and penetrate new regional markets, several businesses are also increasing their manufacturing capacity. For instance,

Toray Advanced Composites said in May 2021 that it is going to increase its capacity for producing thermoplastic composite materials. The company aims to further the development of its ‘Cetex’ brand of reinforced thermoplastic composite laminates and unidirectional tapes through this expansion.

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