Global Clinical Research Organization Market to witness a new Price, reaching USD 139.56 Billion by 2033 at a CAGR of 8.4%

The global clinical research organization market is worth USD 62.43 Billion as of now and is expected to reach USD 139.56 Billion by the year 2033 at a CAGR of 8.4% between 2023 and 2033.

The aspects of clinical research organization include organizations and companies rendering clinical research services to biotechnology, pharmaceutical, and medical device companies.

The biotech and pharmaceutical companies generally outsource clinical research activities to the contract research organizations (CROs) for leveraging their specialized infrastructure, expertise, and resources. This lets them emphasize on their core competencies like marketing and drug discovery, that too, while relying in entirety on clinical trials getting executed.

Clinical research organizations can provide various specialized services to carry out clinical studies in the field as targeted medicines and personalized medicines turn popular. This does cover identifying biomarkers, personalized trial planning, and patient screening. The organizations having expertise in such fields are capable of providing biotech/pharma firms with specialized assistance and services for real-time research and also virtual studies; which could shorten expenses and duration of trials. It could be spanning digital health technology and telemedicine in the clinical trials for raising study compliance, offering ongoing monitoring, and increasing patients’ participation.

The present scenario is such that they can provide various specialized services in machine learning and data analytics owing to increased availability of the real-time data.

At the same time, non-uniformity in regulations on the part of various governments is expected to restrain the clinical research organization market going forward. Also, multicenter trials at a larger scale could be difficult to finance as there could be lack of funding herein. As such, researchers, sponsors, and clinical research organizations should be on the same page. Is this co-ordination doesn’t happen, clinical trials could take a backseat.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Clinical Research Organization Market’. It has its team of analysts and consultants to deploy a 360-degree approach in its primary, secondary, and tertiary modes of research.

“With increase in frequency of monetary transactions and commercial activities linked with outsourcing research studies and clinical trials, the global clinical research organization market is expected to grow remarkably in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Clinical Research Organization Market:

  • North America holds the largest market share due to the US being subject to various drug development efforts by pharmaceutical and biotech firms. The businesses are actually turning more toward CROs for help; inclusive of access to programs and facilities for existing patients, customized protocol design, lower costs, and higher trial completion rates.
  • The Asia-Pacific is expected to witness growth at the fastest rate in the clinical research organization market due to increase in geriatric population followed by steps taken by the government to fastrack regulatory approval procedure for new therapies and pharmaceuticals. The Indian government is also encouraging clinical research by streamlining secure regulatory approvals.

Competitive Analysis:

  • Labcorp, in July 2022, tabled a test called BfL (neurofilament light chain) blood test to help in identifying and confirming neurodegenerative diseases such as Alzheimer’s disease, multiple sclerosis, Parkinson’s disease, and likewise.
  • Charles River, in January 2020, did announce scientific agreement with Takeda Pharmaceutical Company Ltd. for focusing on drug discovery in 4 core therapeutic areas worked upon by Takeda. They are inclusive of neuroscience, gastroenterology, oncology, and rare diseases.

Increased Market Insight Demand: Get Thorough Analysis and Trends in Our Complete Report!

What does the Report encompass?

  • The research study is based on service (drug discovery services, pre-clinical services, clinical services, and post-approval services) by production (outsourced and in-house), by indication (oncology, CNS, cardiovascular diseases, metabolic disorders, immunology, respiratory, musculoskeletal disorders, haematological disorders, and likewise), and by end-user (pharmaceutical & biotechnology companies, medical device companies, governments & private firms, academic institutions, and likewise).
  • With growing demand for cost-effective and efficient drug development processes, the global clinical research organization market is expected to grow on notable grounds in the forecast period.

Key Companies Profiled:

Charles River Laboratories; Laboratory Corporation of America Holdings; IQVIA Inc; Parexel International Corporation; ICON plc.; Medpace, Syneos Health; CTI Clinical Trial and Consulting Services; Neuroservices Alliance; QPS Neuropharmacology; MD Biosciences; EphyX Neuroscience

Key Segments Covered in Clinical Research Organization Industry Research:

By Service:

  • Drug discovery Services
  • Pre-clinical Services
  • Clinical Services
  • Post Approval Services

By Production:

  • In-house
  • Outsourced

By Indication:

  • Oncology
  • CNS
  • Cardiovascular Diseases
  • Metabolic Disorders
  • Immunology
  • Respiratory
  • Musculoskeletal Disorders
  • Hematological Disorders
  • Other

By End User:

  • Pharmaceutical & Biotechnology Companies
  • Medical Device Companies
  • Governments & Private Firms
  • Academic Institutions
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Flavour Capsule Cigarette Market Expected to Hit USD 26.9 Billion by 2033 – Industry Outlook

Flavour Capsule Cigarette Industry

The Flavour Capsule Cigarette Market has experienced significant growth in recent years, fueled by the evolving preferences of smokers worldwide. These innovative cigarettes feature a unique design that allows users to customize their smoking experience by releasing a burst of flavor with a simple click.

The adoption of Heated Tobacco Products (HTPs) is gaining momentum due to their potential for reduced harm, positioning them as a rapidly growing product category. This technology, which heats tobacco without combustion, minimizes the release of nicotine and other harmful chemicals, driving its appeal. The introduction of flavored capsule cigarettes, which contain nicotine levels ranging from 19% to 23%—higher than traditional cigarettes—has further boosted demand for HTPs.

Research reveals that nicotine accounts for a substantial portion (57-83%) of cigarette emissions. In contrast, HTPs emit up to 62% fewer toxicants than conventional cigarettes. Studies also suggest that smoking HTPs does not exacerbate endothelial dysfunction, oxidative stress, or inflammation, contributing to the positive market growth for flavored cigarette capsules.

Flavour capsule cigarettes consist of a small capsule embedded in the filter, which holds a concentrated liquid flavoring. Smokers can choose to activate the capsule by squeezing it, resulting in the release of a burst of flavor that infuses the tobacco smoke. This added customization has garnered attention and popularity among smokers looking for a more diverse and enjoyable smoking experience.

The growth of the market is being driven by factors such as increased demand due to rising disposable income, lifestyle shifts, and the availability of a wide range of flavored cigarettes including menthol, clove, chocolate fruit flavor, spearmint, mint, and more. Customers now have the freedom to choose flavors based on their personal preferences, leading to the expansion of the market. Key market players are offering these products at affordable rates and continuously innovating, making it convenient for customers to purchase and enjoy these flavors, resulting in greater satisfaction and enjoyment.

Future Market Insights expects the global flavour capsule cigarette market to reach US$ 9,654 million by 2023-end. From 2023 to 2033, the market is most likely to expand at a CAGR of 11% to be valued at US$ 26,903.3 million.

The increasing investments from key players in both developed and underdeveloped nations, along with the production of a wider variety of cigarette types is further driving the demand for flavoured capsule cigarette. Significant portions of company investments are dedicated to research and development. Additionally, intensified advertising efforts have led to a surge in overall sales of flavored capsule cigarettes, with reports indicating that advertising has influenced approximately 50% of the increased sales.

The adoption of heated tobacco products technology by manufacturers, aimed at reducing emissions of carbon monoxide (CO), hydrogen cyanide (HCN), and other pollutants, coupled with the millennial preference for a variety of flavored capsules, is expected to propel the growth of the cigarette flavor capsules industry in the forecast period.

Key Takeaways

  • The United States flavour capsule cigarette market is expected to grow with a CAGR of 4% during the forecast period.
  • The market in China is expected to grow with a CAGR of 4.5% during the forecast period.
  • By price range, the economic segment is projected to grow with an impressive CAGR of 15.4% during the forecast period.
  • The market in India is expected to grow with a CAGR of 7.2% throughout the forecast period.

“The production of a wide variety of cigarette types by manufacturers and increasing millennial preference for flavored cigarette is expected to fuel the market growth during the forecast period,” comments an FMI analyst.

Competitive Landscape

  • Benson & Hedge
  • Bohem Café
  • Camel Double
  • Chesterfield
  • Craven a Click
  • Davidoff
  • Dunhill
  • Esse
  • Fortune Tribal
  • Harmony
  • Hallywood
  • Imperial Tobacco (Winston)
  • Insignia
  • ITC (Gold Flake)
  • Kent
  • L&M
  • Lucky Strike
  • Marlboro
  • Pall Mall

Some recent developments in the market are:

Prominent market players are implementing organic growth strategies such as acquisitions, mergers, partnerships, and collaborations to strengthen their product portfolios. This concerted effort is anticipated to drive the growth of the global flavor capsule cigarette market.

  • Poda Lifestyle and Wellness Ltd. introduced a patent-protected Heat-Not-Burn system for capsule cigarettes in June 2021. This innovative system aims to eliminate the cleaning requirement for smokers.
  • Republic Technologies introduced two flavor fusion cards in January 2021, designed for use with their Swan cigarette filters brand, catering to self-rolled cigarette smokers.
  • In March 2020, JTI expanded its product line in the United Kingdom by introducing new and unique flavor blends, replacing their previous menthol capsule cigarettes.
  • Marlboro introduced Marlboro Kretek Mint in January 2020, a distinct blend of Indonesian clove and menthol flavors that offers a unique taste experience.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global flavour capsule cigarette market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the flavour capsule cigarette market, the market is segmented on the basis of flavour, product type, price range, distribution channel and region.

Key Segmentation:

By Flavour:

  • Menthol Flavoured
  • Clove Flavoured
  • Fruit Flavoured
  • Others

By Product Type:

  • Single Capsule
  • Double Capsule

By Price Range:

  • Economic
  • Premium

By Distribution Channel:

  • Direct Sales
  • Retail Sales
    • Modern Trade
    • Specialty Stores
    • Convenience Stores
    • Online Retailing

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Fusion Beverage Market to Reach USD 11.6 Billion by 2034 with Steady 6.0% CAGR Growth

Picture background

The fusion beverage market is slated to have a valuation of USD 7,233.60 million in 2024. Consumers are in favor of flavor and are thus interested in variety when it comes to their drinks. Fusion beverages are hitting the sweet spot for consumers.

The Fusion Beverage Market is experiencing rapid growth as consumers seek innovative and healthier alternatives to traditional drinks. This market encompasses a variety of beverages that blend different ingredients, including fruit juices, teas, herbs, and functional ingredients, often with added health benefits such as probiotics, vitamins, or adaptogens. The increasing demand for natural, functional, and plant-based products is driving the popularity of fusion beverages, as they cater to health-conscious consumers and the growing wellness trend.

In addition to the health benefits, fusion beverages also cater to evolving taste preferences. Consumers are looking for unique flavor combinations and new experiences, leading to the development of exotic flavors and cross-category products that combine elements from multiple beverage sectors. The rise of ready-to-drink fusion beverages, particularly among millennials and Gen Z, is shaping the market landscape. Manufacturers are also incorporating eco-friendly packaging and sustainability practices to appeal to environmentally aware consumers, further fueling the market’s expansion.

The fusion beverage industry is slated to progress at a CAGR of 6.0% through 2034. Consensus surrounding the benefits of functional food is leading functional fusion drinks’ popularity to spike. Trends of sustainable packaging are also invoked to positively impact the market over the projected period.

By the time 2034 rolls around, the fresh beverage market’s value is forecasted to hit US$ 11,573.80 million. Both alcoholic and non-alcoholic fusion drinks are penned in to add considerable value to the market. Mocktails are especially growing in popularity and are expected to be a significant avenue for growth. Tea and coffee-infused fusion beverages are also capturing consumers’ attention.

However, some factors slow down the growth of the market. The growing consensus regarding the ill effects of carbonated drinks on health serves to limit the growth of the market. Having to cope with the regulations regarding various ingredients used as raw material as well as packaging mandated by authorities also slows down the pace of production.

“The younger generation numbers among the prominent consumer base for fusion beverages. Thirsty for fresh textures, flavors, and more, the younger generation’s fascination with fusion food and beverages is growing. Thus, the fusain beverage market stands to benefit from appealing to younger consumers with an ever-increasing array of products.,” says an analyst at FMI.

Key Takeaways from the Fusion Beverage Market

  • The fusion beverage market is expected to be US$ 7,233.60 million in size in 2024.
  • Carbonated drinks are the top product type in the market. Carbonated drinks are expected to account for 36.7% of the market share in 2024.
  • Off-trade is the predominant distribution channel. For 2024, off-trade distribution is anticipated to account for 73.4% of the market share.
  • India is expected to be a promising country in terms of progress in the market. The country is forecasted to have a CAGR of 6.4% from 2024 to 2034 in the market.
  • China and Japan are poised to be lucrative countries for the market. For the forecast period, the CAGR for China and Japan is predicted to be 5.4% and 5.9% respectively.
  • The market is expected to progress at a CAGR of 4.5% in the United States.

Competition Analysis of the Fusion Beverage Market

The fusion beverage market is fragmented in nature, with companies of all scales having the scope to thrive. Several startups proliferate in the market, and they are seeking funding to expand their scope. Some of the prominent companies in the market include ZICO Beverages, Pepsico, Lucozade, and Coca-Cola.

Recent Developments in the Fusion Beverage Market

  • In June 2023, Canadian brand Tim Hortons’ summer range of fusion drinks was launched.
  • In 2022, the United Kingdom brand Rico 69 went into business.

Key Segments

By Product Type:

  • Fused coffee and tea
  • Carbonated Drinks
  • Fusion alcoholic Beverage
  • Fruit Juice
  • Energy and Sports Drinks
  • Others

By Distribution Channel:

  • Off-Trade
    • Grocers
    • Hypermarkets
    • Discounters
    • Online stores
    • Highly specialized retailers
    • Alcohol, confectionery, and Off-license stores
    • Supermarkets
    • Petrol stations
  • On-Trade
    • Bars, Pubs, and cafeterias
    • Restaurants
    • Hotels and resorts
    • Temporary retail points, mass events
    • Clubs, discos

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Egg White Powder Market to Achieve 11% CAGR by 2033, According to FMI

Egg White Powder Market

The global egg white powder market is predicted to register a robust CAGR of 11% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from USD 1,768 million in 2023 to USD 5,071.5 million by 2033 end.

By 2033, East Asia and North America are projected to together capture half of the global egg white powder market share. North America, with its robust egg and egg-based product sector, is expected to remain a key regional market for egg white powder producers.

The food & beverage and dietary supplement sectors are anticipated to remain major investment areas for egg white powder manufacturers. These industries have experienced substantial growth in recent years, driven by a rising global awareness of healthy living and the demand for nutritious food options.

The egg white powder industry is poised to witness heightened growth in the forecast period. Many people are including products containing egg white powder in their diet as egg white powder has a high level of biological value and consists of many minerals and vitamins. Additionally, egg white powder is usually utilized as an alternative to protein-rich food items owing to its prolonged shelf life in comparison to fresh eggs. The extensive application spectrum of egg white powder in bakery products, dietary supplements, ice creams, meat products, and others are the important factors increasing the sales of the product.

The thriving nutraceuticals and dietary supplement industry is projected to drive the egg white powder industry forward. Egg white powder is widely used as a dietary supplement for its bioavailability and lactose-free content. Additionally, this powder contains low fat and carbohydrate content, which helps in robust muscle recovery post its consumption.

Egg white powder is also used in nutraceuticals, owing to its functional and nutritional benefits. The flourishing dietary supplements and nutraceuticals industry is anticipated to elevate the consumption of egg white powder as an essential nutritional and dietary supplement. For example, in June 2021, according to a news published by the Food Safety and Standards Authority of India (FSSAI), the sales of the India nutraceutical market are expected to reach USD 18 billion by 2025.

Top Highlights from the FMI’s Analysis of the Egg White Powder Market:

  • On the basis of market share, the United States is estimated to position itself at the top of the industry by attaining the maximum share of 2% in the global market. The dense presence of key players in the country is expected to support the country’s dominance at a global level.
  • In the Asia Pacific region, Japan is expected to be a prominent shareholder of 1% in the forecast period. Growing health consciousness; and awareness of health benefits associated with egg white powder are fundamental aspects that are propelling the country’s growth.
  • In the Europe region, Germany is expected to account for 2.9% percent of the market share. New launches and variants of the product gain huge acceptance in countries of Europe like Germany, which is bolstering the sales of egg white powder for better results in its different applications.

New Developments as Observed by FMI

  • Designer Protein, a company based in the United States, in October 2018, introduced Totally Egg Protein Powder. The company states that this is the first-ever protein powder that consists of important nutrients from the whole egg.
  • Srinivasa Group, in July 2017, partnered with Hy-line International to extend its poultry footprint and also commence its chicken and egg-powder products manufacturing plants in Andhra Pradesh and Telangana, India.

Key Players in the Market

  • Merck KGaA
  • HiMedia Laboratories Pvt. Ltd.
  • Kewpie Corporation
  • NOW Health Group, Inc.
  • Taiyo Kagaku Co. Ltd.
  • Avangardco
  • Sanovo
  • IGRECA
  • JW Nutritional, LLC
  • Rembrandt Foods
  • Rose Acre Farms
  • Others

Key Segments

By End Use:

  • Food Processing
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Dietary Supplements
  • Beverage Processing
  • Retail

By Grade:

  • Food Grade
  • Technical Grade

By Sales Channel:

  • B2B
  • B2C
    • Store-based Retail
      • Modern Trade
      • Convenience Stores
      • Specialty Sports Stores
      • Online Retail
      • Other Sales Channels
    • Online Retail

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Myelodysplastic Syndrome Treatment Market to Surpass USD 5,614.1 million by 2032 Amid Rising Demand for Advanced Therapies | FMI

The global myelodysplastic syndrome treatment market is poised for robust growth, registering a compound annual growth rate (CAGR) of 5.9% over the next decade. Valued at USD 2,990.8 million in 2022, the market is projected to reach an impressive USD 5,614.1 million by 2032, driven by advancements in drug development and increasing disease prevalence.

Rising Adoption of Advanced MDS Therapies:

New drug combinations and innovative therapies with reduced side effects are propelling the adoption of MDS treatments worldwide. Among the leading medications shaping market trends are hypomethylating agents such as azacitidine (Vidaza) and decitabine (Dacogen), which remain highly effective in managing MDS symptoms.

In the U.S. alone, MDS cases are reported at a rate of 4.8 per 100,000 people annually, highlighting the urgent need for effective treatment options. Furthermore, as global life expectancy rises, so does the prevalence of MDS, driving market demand.

Enhanced Diagnostic Techniques Boost Treatment Demand:

Innovative diagnostic methods play a crucial role in identifying MDS early, enabling timely treatment. Techniques such as:

  • Blood count and peripheral blood smear tests
  • Microscopic examinations
  • Flow cytometry and immunotherapy
  • Cytogenetics, FISH (Fluorescence In Situ Hybridization), and PCR (Polymerase Chain Reaction)

These advancements aid in precise detection and classification of MDS, fueling the market’s growth trajectory.

The increasing incidence of MDS, coupled with a growing geriatric population, is anticipated to create sustained demand for advanced treatment solutions. With continued research into novel drug formulations and diagnostic tools, the global MDS treatment market is positioned to play a pivotal role in improving patient outcomes.

Key Takeaways: Global Myelodysplastic Syndrome Treatment Market

  • Market Growth and Value:
    • The market is expected to grow at a CAGR of 5.9% from 2022 to 2032.
    • Valued at USD 2,990.8 million in 2022, it is projected to reach USD 5,614.1 million by 2032.
    • Growth is driven by advancements in drug development and the rising prevalence of myelodysplastic syndrome (MDS).
  • Regional Insights:
    • North America:
      • Held a 34.6% market share in 2022.
      • Growth is fueled by rising healthcare costs, increased end-user demand, and public awareness campaigns.
      • The U.S. market is expected to expand further due to growing awareness of MDS among Americans.
    • Europe:
      • Accounted for a 31.1% market share in 2022.
      • Growth is supported by governmental initiatives for MDS diagnosis and treatment.
      • Example: The European LeukemiaNet WP8 program updates guidelines for standardized diagnostic, prognostic, and therapeutic procedures.
      • Pharmaceutical companies are actively working on highly effective therapies, further driving market growth.
  • Market Drivers:
    • Public Awareness and Initiatives: Non-profit organizations and major players are launching campaigns to educate about MDS and support healthcare professionals.
    • Pharmaceutical Innovation: Increased focus on developing effective treatments for MDS.

The global myelodysplastic syndrome treatment market is set to witness significant advancements, underpinned by strong regional efforts, innovative therapies, and growing public awareness.

Growing Market Interest: Explore Comprehensive Insights and Trends with Our Detailed Report!

Competition Landscape:

The global myelodysplastic syndrome (MDS) treatment market features prominent players such as Celgene Corporation, Otsuka Holdings Co., Ltd., Sandoz, Inc., Dr. Reddy’s Laboratories, Inc., Accord Healthcare Ltd., Mylan N.V., Pfizer, Inc., and others.

The market’s growth is being driven by the strategic initiatives of key players, including product launches, acquisitions, and collaborative partnerships. These efforts are shaping emerging trends in the MDS treatment landscape.

Recent notable developments in the MDS treatment market include:

  • Pevonedistat, an investigational drug developed by Takeda Pharmaceutical Company, received FDA Breakthrough Therapy Designation for treating patients with higher-risk MDS.
  • Gilead Sciences, Inc. announced a definitive agreement to acquire Forty-Seven, Inc. for $95.50 per share in cash. This acquisition highlights the potential of Forty-Seven’s lead investigational product candidate, Magrolimab.

Key Segments Profiled in the Myelodysplastic Syndrome Treatment Market Survey:

By Type:

  • Refractory cytopenia with unilineage dysplasia (RCUD)
  • Refractory anemia with ringed sideroblasts (RARS)
  • Refractory cytopenia with multilineage dysplasia (RCMD)
  • Refractory anemia with excess blasts-1 (RAEB-1)
  • Refractory anemia with excess blasts-2 (RAEB-2)
  • Myelodysplastic syndrome, unclassified (MDS-U)
  • Myelodysplastic syndrome associated with isolated del(5q)

By Treatment:

  • Chemotherapy
  • Immunotherapy
  • Stem cell transplantation / bone marrow transplantation
  • Growth Factors

By Patient Group:

  • Above 50 years
  • Below 50 years

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Fish Protein Concentrate Market Aiming for USD 240.3 Million by 2033

Picture background

The fish protein concentrate market is witnessing substantial growth, driven by the increasing demand for high-quality protein sources, especially in the functional food and dietary supplement sectors. FPC offers several advantages, including improved digestibility, low-fat content, and high protein content, making it an ideal choice for athletes, fitness enthusiasts, and individuals seeking a nutritious diet.

The global fish protein concentrate market is to hit USD 240.3 million in 2033, up from an assessed USD 122.5 million in 2023, at a CAGR of 6.9% from 2023 to 2033.

The growing health consciousness and the rise in exercise goals have led to an increase in protein consumption among consumers. This trend has fueled the demand for fish protein concentrate, as it becomes a preferred choice due to its fat-reducing properties. These proteins are gaining popularity in the food industry as alternatives to meat and water.

Additionally, the use of fish protein concentrate in personal care and beauty products has surged, driven by its high collagen content, which helps tighten skin and slow down the aging process. The expanding application of fish protein concentrate in cosmetics and personal care is a major driver of market growth.

The escalating intake of fish protein powder to satisfy diet needs and nutrition is predicted to spur more innovation in the business. The increased downward pricing pressure is projected to level the playing field in the near future, as the fish protein concentrate market prepares to bring in new fish protein concentrate manufacturers to capitalize on untouched opportunities.

Fish Protein Concentrate Demand is Booming Owing to the Accelerating Intake of High-Protein Diets

Consumer acceptance of high-protein food products is what drives the market. Food producers are shifting their focus to creating foods with high nutritional value. The most advantageous and in-demand nutrient among the others is protein.

The useful qualities of fish protein concentrate meet the requirement for high protein content in food products and provide protection from protein deficit. The global market may benefit from the rising fish protein concentrate demand for sports nutrition.

One of the principal elements restricting the global fish protein powder market is the availability of replacements for fish protein powder protein. The global fish protein concentrate market is facing some significant challenges as a result of the exponentially growing trend toward plant-based foods.

Regional Outlook of the Global Market

Due to an increase in the consumption of high-protein diets in the region, North America is leading the global fish protein powder market by having the foremost value share. Nonetheless, the highly developed food and beverage industries in Europe and North America are a crucial factor in their considerable value share in the fish protein concentrate market.

Due to rising food consumption and the growing non-vegetarian population, South and East Asia are showing a quick development in the global fish protein concentrate end-users market.

Key Takeaways

  • From 2023 to 2033, the type C section in the type category may develop at a CAGR of 6.8%.
  • Between 2023 and 2033, the Monosodium Malate segment in the form category is to rise at a CAGR of 6.9%.
  • From 2023 to 2033, the end-use category’s Food and Beverage section may blossom at a CAGR of 7.2%.
  • By 2033, the United States fish protein concentrate market is to advance at a CAGR of 7.1% and reach US$112.6 million.
  • By 2033, the market in the United Kingdom may have secured a CAGR of 7.1% and be worth $5.9 million.
  • By 2033, Germany market may have expanded at a CAGR of 7.1% and be valued at US$19.22 million.
  • China fish protein concentrate market is to develop at a CAGR of 7.6% and reach US$ 25.9 million by 2033.
  • Spain market is to develop at a CAGR of 7.0% and reach US$ 10.33 million by 2033.

Potential Market Prospects for Fish Protein Concentrate 

The majorities of fish protein concentrate manufacturers concentrate on joint ventures, stable distribution of partnerships, and targeted international acquisitions, which have resulted in a much-consolidated picture for the global market.

The growth of the global market depends on research and innovation significantly. Key breakthroughs in fish output over the past few years have been a result of significant advances in fish capture, storage, and transportation.

Few of the leading manufacturers operating in the fish protein concentrate market are Colpex Internacional S.A.C, Pacific Bio Products, Ingredients Inc., Advance International, Inc., Omega Protein Corporation, Mukka Proteins Limited, NutriFish 1000, Apelsa Guadalajara, Danone, TRIDENT SEAFOODS., New Alliance Dye Chem Pvt. Ltd., Triplenine Group and among others.

Large Economic Strategy Innovations

  • Janatha Fish Meal & Oil Products has gained ISO 22000:2005, Ecocert (NPOP, NOP, EC), Halal, and European Union approval.
  • Incontech PTE Ltd. launched a tri-peptide collagen supplement in the form of jelly packets in Singapore in August 2019 to provide consumers with simple and efficient products. It may help the corporation increase its consumer base throughout Asia Pacific.
  • To extend its product line, New Alliance Dye Chem Pvt. Ltd. has been focusing on research and development.

Access the full report for detailed market trends. https://www.futuremarketinsights.com/reports/fish-protein-concentrate-market

Key Segments

By Type:

  • Type A
  • Type B
  • Type C

By Form:

  • Powder
  • Liquid

By End-Use:

  • Food & Beverages
  • Sports Nutrition & Dietary Supplement
  • Cosmetic & Personal Care
  • Pharmaceuticals
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Taurine Market Projected to Grow at 7.2% CAGR from 2023 to 2033, Industry Data Shows

Picture background

The taurine market is anticipated to be worth USD 415.0 million in 2023 and USD 815.4 million by 2033. During the projection period, taurine sales are anticipated to experience a strong CAGR of 7.2%.

Taurine, known as the wonder molecule, is increasingly being used in products such as energy drinks, dietary supplements, and others. It has made a name for itself in the global market due to its use on both animals and humans.

Energy drinks are becoming increasingly popular around the world. Taurine is found in energy drinks and is used to increase physical activity and bodybuilding. Red Bull is a well-known energy drink containing Taurine. It is widespread in both developed and developing countries.

Growth in international sporting events has compelled sportsmen to concentrate on preserving their physical fitness, which is anticipated to spur growth in the approaching years.

However, excessive use of taurine as a supplement can cause health problems, limiting the taurine market’s growth. Increased research and development and new product launches are expected to drive the taurine market forward in the near future.

Key Takeaways from the Taurine Market

  • The taurine market in the United States is expanding at a rate of 6.9% as a result of important product launches, increased research activity, and a high concentration of manufacturers or market players, in the country.
  • With a revenue share of US$ 40 million, the United Kingdom has contributed a sizeable share of the global market. The growing online sales channel and expansion of sports nutrition are proliferating market growth.
  • Food-grade taurine tops the segment showcasing a growth of 5.6%. Taurine in food acts as an emulsifier and flavor enhancer in processed foods. Taurine is widely used in the production of packaged cereal, baby products, bakery items, and other items due to its properties. The growing demand for processed and packaged foods is driving up global demand for taurine.
  • Currently, China holds a commanding growth rate of 7.9% in the Asia Pacific region. China is a leading producer of taurine, with more than 40 manufacturers in the country contributing to the world’s prominent production of the market product. Several manufacturers are outsourcing Taurine production to China and looking for low-cost suppliers in this country.
  • Due to rising public awareness of fitness and well-being, the dietary supplements industry is expected to develop at the strongest pace of 11.5%. An increase in sporting events and activities is likely to expand market reach.

Competitive Landscape

Companies in the taurine market are attempting to increase taurine production capacity. Companies such as Qianjiang Yongan Pharmaceutical Co., Ltd. have an annual production capacity of 58,000 MT of taurine and are planning to expand production and storage capacity. Concurrently, the company is strengthening its supply chain to support this increase in volume.

Latest Developments

  • Manufacturers including Qianjiang Yongan Pharmaceutical Co., Ltd., Songzhou Hu, and Vitaworks Ip, Llc are working on a novel taurine production process for the global market. Manufacturers strive to develop sustainable production processes, use less raw materials, and waste less. Manufacturers such as Kyowa Hakko Bio Co., Ltd. have developed a fermentation-based taurine production process because it creates a more controlled environment for several production factors and taurine extraction.
  • Mimi’s Rock Corp. announced in February 2022 that its supplements brand, Dr. Tobias, is extending the range of products it offers by adding digestive enzymes, prebiotics, and probiotics to support gut health.

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

Key Segments Covered in the Taurine Market Report

By Grade:

  • Food Grade
  • Feed Grade
  • Pharmaceuticals Grade
  • Others

End-use Application:

  • Food
    • Dairy Products
    • Infant
    • Bakery Products
    • Cereal Products
  • Beverage
    • Energy Drinks
    • Caffeinated Drinks
    • Soft & Carbonated Drinks
  • Animal Feed
    • Aquaculture Feed
    • Poultry Feed
  • Pet Food
    • Cat Food
    • Dog Food
  • Pet Supplements
    • Cat Supplements
    • Dog Supplements
  • Dietary Supplements
  • Cosmetics & Personal Care
    • Skin Care Products
    • Hair Care Products
    • Toiletries
  • Agriculture
  • Pharmaceuticals

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Food Acidulants Market Growth Opportunities and Trends Forecast to 2033

Food Acidulants Market
Food Acidulants Market

The food acidulants market is valued at US$ 2.6 billion in 2023 and is estimated to reach a value of US$ 4.5 billion by 2033, registering a CAGR of 5.4% during the forecast period.

The rising disposable income and growing demand for clean-label products and processed food are increasing the market share. Furthermore, the demand for food acidulants is fueled by the growing food industry, government initiative plans and emerging economies. In addition, the food and beverage manufacturers are fueling the market size by increasing the production of food acidulants during the forecast period.

One of the major factors helping to boost the food acidulants market size is the growing demand for healthy nutrition, citric beverage and preserved food among consumers. Moreover, the growing adoption of food acidulants by manufacturers is enhancing the taste of jellies, jams, cakes and pastries.

Adopting fumaric acid in several beverages to provide acidic flavor surges with the global market expansion.

Increasing demand for beverages among consumers all around the region is contributing to maximum revenue. Hence, the manufacturers are introducing several unique products to attract consumers and are increasing market trends during the forecast period. Moreover, the adoption of citric acid for desserts, syrups and exotic beverages is enhancing the market share. An increase in the trends of ready-to-eat food leads to the growing demand for food acidulants in the food sector.

The bakery and confectionery records a CAGR of 5.2% in the food acidulants market. The growing demand for cakes and pastries among children increases the demand for bakery and confectionery. Increasing demand for packed food and enhanced food shelf life drives the market expansion.

Powder Category is the most Sought-after in Foam Segment

The powder category leads the food acidulants market by occupying a CAGR of 5.6% during the forecast period. There is a growing demand for powder foam due to its better storage, ease of use and transport. The increasing consumer preferences are bolstering the demand for powder-form food acidulants.

Growing demand for nutritional diets for animals results in the increasing adoption of powder foam. The powder foam recorded a CAGR of 4.3% in its historical period from 2017 to 2022.

Key Takeaways:

  • The food acidulants marketvaluation is expected at US$ 4.5 Bn by 2033.
  • The global market is likely to increase during the forecast period witnessing a CAGR of 5.4%.
  • The market in the United States is anticipated to grow at a CAGR of 3.8% through 2033.
  • With a CAGR of 6.0%, the Indian market will significantly uplif during the forecast period.
  • The UK market is expected to grow at a CAGR of 4.5% over the forecast period.

Who is winning?

The market is growing at a moderate pace due to the number of prominent leaders in the global market. The growing local and international companies are advancing the business with the global players. These players are strengthening their companies through unique and innovative product launches.

The growing technological advancement, research activities and adopting market strategies by prominent players are the major factors anticipated to fuel the market expansion during the forecast period.

In 2021, a US-based Company, KPS Capital Partners, acquired Tate & Lyle to expand their business in North America and Latin America.

Food Acidulants Market by Category

By Type:

  • Acetic Acid
  • Fumaric Acid
  • Citric Acid
  • Phosphoric Acid
  • Lactic Acid
  • Malic Acid
  • Tartaric Acid

By Foam:

  • Liquid
  • Powder

By Function:

  • Flavor Enhancer
  • Microbial Control
  • pH Control
  • Preservative
  • Others

By Application:

  • Bakery and Confectionery
  • Beverages
  • Dairy Food
  • Animal Nutrition

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Vegan Protein Powder Market Outlook: A Comprehensive Analysis to 2033

Vegan Protein Powder Market
Vegan Protein Powder Market

According to Future Market Insight, the Global Vegan Protein Powder Market will reach US$ 9.07 billion by 2033, registering a CAGR of 7.4%. This anticipated growth signifies a remarkable upsurge from its projected worth of US$ 4.63 billion in 2023.

There has been a significant increase in people adopting vegan and vegetarian diets worldwide. Ethical considerations, environmental concerns, and personal health benefits motivate individuals to embrace plant-based lifestyles. As a result, the demand for plant-based protein powders has skyrocketed. Plant-based protein powders offer a convenient and accessible source of Protein without relying on animal-derived ingredients.

The increasing desire for protein supplements to enhance well-being and promote good health greatly contributes to expanding the vegan protein supplement market. The fast-paced nature of modern lifestyles and busy schedules have led to a higher demand for convenient protein sources. Moreover, vegan protein powders offer a suitable alternative for individuals who are lactose intolerant or have other dietary restrictions.

Given their high amino acid content, protein powder supplements are also gaining popularity among fitness enthusiasts seeking muscle development. Vegan protein powders have recently gained considerable popularity among athletes and fitness enthusiasts. These powders are derived from plant-based sources such as peas, rice, hemp, soy, and other legumes. They offer a convenient and effective way to increase protein intake, which is crucial for muscle repair and growth.

The increasing popularity of plant-based milk alternatives has significantly contributed to the rising demand for vegan protein powders. Soy milk, almond milk, and pea milk are widely consumed as substitutes for dairy milk and have gained popularity. Plant-based milk alternatives are often perceived as healthier than dairy milk due to their lower saturated fat content and potential health benefits associated with the plant-based ingredients.

Soy protein isolate is a high-quality, easily digestible protein with a neutral flavor. Pea protein powders are another good source of plant-based Protein. They don’t contain gluten and have minimal carbs. These factors make these alternative protein powders a popular choice among vegan consumers.

Vegan protein powders have expanded their reach through various distribution channels. They are readily available in health food stores, supermarkets, online platforms, and specialized vegan stores. E-commerce has created opportunities for established brands and emerging start-ups to reach a wider customer base. Online platforms offer convenient access to a variety of vegan protein powders, facilitating ease of purchase for consumers. This increased accessibility has significantly boosted the Market. It has made vegan protein powders easily accessible to a wider range of consumers.

The vegan protein powder market has seen successful marketing campaigns and endorsements by influential individuals. Celebrities, athletes, and fitness influencers have endorsed vegan protein powders. These endorsements have raised awareness and highlighted the benefits of vegan protein powders. They have managed to attract the interest of a broader range of viewers. Marketing efforts have played a pivotal role in promoting the growth of the vegan protein powder market.

Manufacturers continuously innovate to improve vegan protein powders’ taste, texture, and nutritional profiles. They are also introducing new flavors and incorporating additional functional ingredients, such as probiotics and superfoods, to enhance the overall health benefits.

In response to the growing demand for personalized nutrition, certain companies in the vegan protein powder market have started offering products tailored to the individual’s specific needs. This personalization considers factors such as age, gender, and fitness goals to provide a more customized and targeted protein supplement.

Key Takeaways from the Vegan Protein Powder Market

  • The United States held a 17.2% share of the global vegan protein powder industry in 2022.
  • India is expected to have strong growth in the vegan protein powder industry, with a CAGR of 4.7% during the projected period.
  • In 2022, Japan had a 4.8% share of the vegan protein powder industry globally.
  • China’s vegan protein powder industry is expected to flourish speedily, registering a CAGR of 10.2% over the forecast period.
  • Germany accounted for 6.2% of the global vegan protein powder industry in 2022.

Competitive Landscape in the Vegan Protein Powder Market

Key players are actively expanding their product portfolios, focusing on research and development to improve taste and texture and investing in sustainable sourcing practices. They also employ innovative marketing strategies to reach a broader consumer base and capitalize on the growing demand for plant-based protein options. Additionally, these companies are forging strategic partnerships with retailers and health-conscious influencers to increase brand visibility and establish themselves as leaders in the rapidly growing vegan protein powder industry.

Recent Developments by Key Players

In June 2023, Synthite introduced two exciting new products to the Market. One of them is Just Plants, a plant-based dairy alternative, and the other is Protein, a plant-based protein drink powder.

In August 2021, Ascent, a rapidly growing sports nutrition company in the United States, unveiled a new range of organic plant-based protein powders to promote muscle health and enhance athletic performance.

Top Companies in Vegan Protein Power Market

  1. Archer Daniels Midland Company
  2. AGT Food and Ingredients
  3. Cargill Inc.
  4. A&B Ingredients
  5. Ingredion Incorporated

Vegan Protein Powder Market Segmentation

By Source:

  • Soy
  • Wheat
  • Pea
  • Others

By Flavors:

  • Unflavored
  • Chocolate
  • Vanilla
  • Strawberry
  • Blueberry
  • Others

By Application:

  • Food Processing
  • Nutritional Products
  • Animal Feed
  • Household (Retail)
  • Others

By Distribution Channel:

  • Direct Sales
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Pharmacy & Drug Stores
  • Online Stores
  • Others

By Regional Outlook:

  • North America (United States, Canada)
  • Latin America (Brazil, Mexico, Peru, Argentina, Chile, Rest of LATAM)
  • Europe (EU-4, United Kingdom, BENELUX, Nordics, Eastern Europe, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia, Rest of South Asia & Oceania)
  • Middle East & Africa (GCC Countries, Northern Africa, South Africa, Turkey, Rest of MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Herbs and Spices Market Insights: Exploring Regional Growth and Future Demand by 2034

Herbs and Spices Market
Herbs and Spices Market

The global herbs and spices market share is estimated to be US$ 171,563.1 million in 2024 increasing from US$ 167,874.1 million in 2019. FMI expects the global herbs and spices industry to grow at a 3.6% CAGR through 2033 to reach US$ 244,124.7 million by 2034.

The use of herbs and spices in convenient meals is growing because of their rich aroma taste and many health advantages., as consumers are now aware of the negative effects of artificial chemicals, they are gravitating toward foods and drinks that include real herbs and spices.

The sales of herbs and spices are being driven by the shifting preferences of consumers toward low-sugar food items and an increased curiosity about unique flavors. The need for herbs and spices has been fueled by a rise in the use of processed food items like sauces, dressings, and condiments.

The market is likely to witness considerable growth in sales of herbs and spices in the powder and granule form. The direct sales channel is expected to account for over 50% of the market share for herbs and spices, and it is anticipated to continue growing steadily during the forecast year.

Key Takeaways from the Herb and Spice Market Study Report

  • The herb and spice industry in the United States is anticipated to register the most lucrative CAGR of 5.9% through the forecast years.
  • In Europe, Germany is expected to witness the most promising CAGR of 4.2% in sales of herbs and spices through 2034.
  • Demand for herbs and spices is projected to increase at a rate of 4% per year till 2034 in China.
  • India is likely to hold the most lucrative market for herbs and spices in Asia thriving with a CAGR of 4.3% between 2024 and 2034.

Competitive Landscape for the Herb and Spice Market Players

The overall market is highly diversified and competitive owing to the presence of several market players at different levels. Key participants in the herbs and spices industry have extended their distribution networks, broadened their product offerings, and boosted production capacity as a result of acquiring small and medium-sized businesses.

“Quick-serve restaurants are anticipated to play a crucial role in the market growth of herbs and spices in the coming days. QSRs frequently employ dried herbs in their preparation and include sachets of dried herbs for customers to add to their dishes.” – says a lead analyst at FMI

Recent Developments by the Herb and Spice Industry Participants

In November 2022, Spice Story, an ethnic food company, expanded into the offline market by partnering with Jayanti Herbs and Spice. Spice Story was a direct-to-consumer business with 1200 physical storefronts with plans to open 15000 outlets by March 2023. The firm is expected to benefit from Jayanti Herbs & Spice’s 23,000-strong distribution network of contemporary, multi-brand retail locations, including national and regional chains.

In November 2022, Bart Ingredients introduced a variety of 19 herb and spice refill cartons into Morrisons. The cardboard boxes, which included items like smoked paprika, pink Himalayan salt, bay leaves, and black peppercorns, were delivered to 422 of the retailer’s locations. According to Bart Ingredients, these boxes are “92% lighter” than conventional glass jars and help to cut down on transportation-related emissions.

Key Players Profiled in the Herb and Spice Market Report

  • Givaudan S.A
  • Kerry Group Plc.
  • Ajinomoto Co., Inc.
  • Firmenich SA
  • Takasago International Corporation
  • Olam International
  • Archer Daniels Midland Company
  • Robertet SA
  • Sensient Technologies Corporation
  • Kalsec Inc.
  • McCormick & Company, Inc.
  • Symrise AG
  • Frutarom Industries Ltd
  • Synthite Industries Ltd
  • International Taste Solutions Ltd.

Key Segments Covered by Herb and Spice Industry Survey Report

By Product Type:

  • Herbs
  • Spices
  • Paprika (Hot Pepper)
  • Cumin

By End Use:

  • Food
    • Sauces, Dressings, and Condiments
    • Bakery and Confectionery
      • Bread/Cakes
      • Biscuits
      • Snacks
      • Candies
      • Other Baked Goods
    • Dairy Products
      • Flavored Milk
      • Cheese or Cheese Products
      • Butter Ice Creams
      • Other Dairy Products
    • Snacks & Savory Products
    • Processed Food
    • Soups
    • Flavored or Infused Oils
    • Other Foods
  • Beverage
  • Food Service
  • Retail Sales

By Form:

  • Powder & Granules
  • Flakes
  • Paste
  • Whole or Fresh

By Sales channel:

  • Direct Sales
  • Indirect Sales
    • Store-based Retailing
    • Online Retail

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube