Plant Based Ice-Creams Market Growth, Statistics, By Application, Production, Revenue & Forecast To 2031

Sales of plant-based ice cream will increase steadily between 2021 and 2031 at a CAGR of 9.3%. The value of the plant-based ice cream market is anticipated to cross US$ 1,492.5 Mn in 2021, driven by the rising popularity of veganism.

Future Market Insights’ recent report on the global market for plant-based ice creams reveals that the rising prevalence of lactose intolerance is creating a vast consumer base for such non-dairy products. The increasing population of lactose-intolerant consumers is observed to be the driving force for the growing consumption of plant-based ice-creams.

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Moreover, the higher protein content in plant-based ice creams is making them healthier options among ice creams. Producers of plant-based ice creams are focusing on improving the taste of these ice creams as consumers are demanding a wide variety of flavors.

The following highlights from the report will elucidate the growth of the global plant-based ice cream market during the forecast period, 2021-2031. According to the report, towards the end of 2027, the global consumption of plant-based ice creams will reach 500 thousand tonnes, reflecting an estimated value of US$ 2.45 Bn.

Growth of the global plant-based ice creams market will be marginally lower than its revenue growth as the market is expected to reflect a volume CAGR of 9.1% and a value CAGR of 9.3% over the forecast period.

Demand for cups or tubs of plant-based ice-creams, on the other hand, will rise as global sales recorded in this product segment will contribute to nearly 30% of global market value by the end of 2031.

In 2021 and beyond, the global demand for plant-based ice-creams in single-flavour form will be slightly lower than that of blends as the latter form of plant-based ice-cream will dominate with a global revenue share of 51% and above.

The report predicts that fruits, dry fruits (nuts) and beans will be prominent flavours of plant-based ice-creams. By 2031, nearly 140 thousand tonnes of        plant-based ice-creams are expected to be consumed across the globe.

Majority of plant-based ice-creams produced in the world will be sourced from soy milk. Through 2031, plant-based ice-creams sourced from soy milk are predicted to register above 10% CAGR in terms of revenue.

Global revenues accounted by direct sales of plant-based ice-creams will be gaining traction throughout the forecast period, registering a value CAGR of 10%. On the other hand, indirect sales channels for plant-based ice-creams are dominating the market with nearly 60% value share, albeit, their global revenue contribution is expected to incur a considerable decline by 2031-end.

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By the end of 2031, North America and Western Europe are expected to dominate the global plant-based ice-creams market as these regions will individually attribute to an estimated 34% of global revenues.

The Asia-Pacific excluding Japan (APEJ) region is also accounting for a considerable share in global revenues, however, consumption of plant-based ice-creams is expected to lose traction in the APEJ market towards the latter half of the forecast period.

The report also profiles prominent players in the global plant-based ice-cream market, which include Ben & Jerry’s Homemade Inc., Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE (Danone), Oatly AB, Jollyum Co., The Booja-Booja Co., LITTLE BABYS ICE CREAM LLC, Klein’s Ice Cream Inc., and Frankie & Jo’s. Other key players in the market are observed to be Happy cow ltd., Tofutti, Breyers, Dream, Nadamoo, ARCTIC ZERO, Inc., Snowflake Luxury Gelato, Wink Frozen Desserts, Nobó ltd., Imuraya Group Co. Ltd.

Market Taxonomy

By Form:

  • Singles
  • Blends

By Product Type:

  • Bars
  • Cones
  • Cups/Tubs
  • Others

By Flavor:

  • Fruits
    • Strawberry
    • Banana
    • Orange
    • Raspberry
    • Pomegranate
    • Lemon
    • Others
  • Nuts
    • Coconut
    • Almond
    • Hazelnut
    • Others
  • Herbs
    • Cinnamon
    • Mint
    • Peppermint
    • Others
  • Beans
    • Vanilla
    • Chocolate
    • Coffee
    • Others

By Source:

  • Soy Milk
  • Coconut Milk
  • Almond Milk
  • Cashew Milk
  • Others

By Sales Channel:

  • Direct Sales
  • Indirect Sales
  • Hyper/Supermarket
  • Franchise Outlet
  • Online
  • Other Retail Formats

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Frequently Asked Questions

  • How much is the plant-based ice cream market worth?
  • What was the last 5 year market CAGR of plant-based ice cream?
  • What is the market share of top 5 players in plant-based ice creams market ?
  • Which countries are key exporters of plant-based ice creams market ?
  • What is the North America Market Outlook?
  • At what percentage will plant-based ice cream market o register growth in Europe?
  • Which countries are key producers of plant-based ice cream?
  • What is driving demand of plant-based ice cream market?
  • What are the key trends in the plant-based ice cream market?
  • What are the key statistics for plant-based ice cream market in Japan and South Korea?

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

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Probiotic Supplements Market Size, Share, Future Road-map, Technological Innovations & Growth Forecast To 2033

According to comprehensive research by Future Market Insights (FMI), the global probiotic supplements market is slated to be valued at US$ 7,078.1 million. Between 2023 and 2033, an impressive 13.0% CAGR is likely to propel the market. This is anticipated to raise the market’s value to US$ 23,977.9 million in 2033.

In recent years, the popularity of probiotic supplements has skyrocketed around the world. This is owing to the rising awareness of the health advantages that probiotics have to offer, particularly for the digestive system.

Probiotics or ‘good’ bacteria occur naturally in the guts of humans and animals. Their activity allows the digestive system to function at its best and keep the body ticking. However, probiotic levels may dwindle in the gut due to infections and medications, and when they do, the ‘bad’ bacteria take over and wreaks havoc.

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Probiotic supplements are helpful in restoring the much-needed balance between ‘good’ and ‘bad’ bacteria. These supplements typically contain common probiotics such as lactobacillus and Bifidobacterium, which can relieve symptoms of diarrhea and a wide range of digestive issues. Certain probiotic supplements are also helpful in treating particular skin conditions.

In countries such as the United States, the United Kingdom, and India, probiotics supplements sales have been on the rise. FMI anticipates this trend to continue not only across these countries, but also in other parts of the world.

Probiotic supplements companies have been incredibly proactive in their efforts to showcase their products along with their benefits in front of target audiences. They are increasingly leveraging the power of social media and the burgeoning penetration of various sales channels to make audiences curious.

In the long run, players’ efforts are set to spur demand for probiotic supplements and drive market acceleration. However, the market has certain challenges to contend with as well. The most prominent among them is the fact that research on probiotics is still limited.

While they undoubtedly can improve particular medical issues, not much is known regarding their safety aspects. Several players have also come under fire from experts and prominent health organizations for making bold claims and failing to deliver.

Key Takeaways from the Probiotic Supplements Market Study

  • Between 2018 and 2022, the market for probiotic supplements progressed at a CAGR of 0%.
  • The market for probiotic supplements is anticipated to reach US$ 23,977.9 million by 2033.
  • The market is likely to register a valuation of US$ 7,078.1 million in 2023.
  • The United Kingdom market is projected to grow at a steady CAGR of 1% from 2023 to 2033.
  • In terms of bacteria, the lactobacillus segment is estimated to account for a dominant share of 0% of the global market in 2023.
  • Based on distribution channel, the pharmacy stores segment is dominant and has a significant market share of 1% of the global market.

“Players in the global market for probiotic supplements are also focusing on developing prebiotics and postbiotics. Both prebiotics and postbiotics are aimed at maintaining proper probiotic levels for extended periods. Several companies are also combining prebiotics and probiotics in products known as synbiotics.”-Says an FMI Analyst

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Who is Winning?

Facility expansions are seen as the most effective ways of catering to the increasing worldwide demand for probiotics. Between 2023 and 2033, FMI also anticipates companies to collaborate and make the most of social media to increase brand awareness.

Leading players in the market right now include Goerlic Pharma, Church & Dwight Co.Inc., BioGaia AB., The Clorox Company, DR. WILLMAR SCWABE GROUP, DuPont de Nemours, Inc., i-Health, Probi AB., Inc., Jarrow Formulas, Sanofi., Lifeway Foods, Inc., NOVA Probiotics, PharmaCare Laboratories, Natural Factors, Inc., and Total Nutrition, Inc.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global probiotics supplements market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the electric air fresheners market based on bacteria (lactobacillus, streptococcus, bifidobacterium), form (tablets, capsules, liquid, powder premixes, gummies/chewable, lozenges, liquid & gels), end user (women, seniors, kids), distribution channel (hypermarket/supermarket, specialty stores, e-commerce, pharmacy stores), and function (immunity & digestive health, urogenital health, vaginal health, urinary tract infections, pregnancy, weight management) across seven regions.

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

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South Korea Intellectual Property Market to Hit US$ 4,657.2 Million by 2032: Says Future Market Insights

According to the South Korea Intellectual property (IP) market analysis by Future Market Insights (FMI), demand in the market will increase at an impressive CAGR of 17.8% from 2022 to 2032. The market valuation will reach nearly US$ 4.7 Billion by 2032.

The report states that the market is expected to reach a valuation of US$ 0.9 Billion in 2022. Increasing adoption of IP in the digital economy and growth of new business models are anticipated to drive the market in the forthcoming years.

Adoption of IP in emerging nations encourages research and development, thereby uplifting of ideas and innovations to foster fast implementation of new technologies and economic development of the country. Domestic firms in emerging economies rely heavily on trademark protection, which will spur demand.

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Legislative measures, evidence gathering procedures and with its introduction of k-discovery that will create opportunities for growth in the market. Many universities and large organizations have established offices for Intellectual Asset Management (IAM), which is also offered as a service by consulting and law firms for protection of the IP.

Large enterprises are investing in IP for the protection of products. This enables organizations to enjoy benefits such as venture capital funding, license sales and using their trade secrets for revenue and creation of valuable IP assets.

The negative effects of free riding on innovation is one of the main reasons for protection of IPR and for the required funding from investors. Management of IP also serves organizations with the necessary economic benefits through legal rights to authors and inventors for the determining the way in which inventions and innovations are used.

“Growing concerns regarding copyright infringement, along with regulations and legislations determining the implementation of intellectual property rights in South Korea will augment the growth in the market over the forecast period,” says an FMI analyst. 

Key Takeaways: 

  • By solution, the intellectual property (IP) management software segment is anticipated to expand at a 21% CAGR through 2032.
  • By end user, sales in the law firms segment are forecast to increase at a CAGR of 19.4% between 2022 & 2032.
  • Total demand in the south Korea intellectual property market is slated to rise at an impressive 17.8% CAGR through 2032.

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Competition Landscape

Leading players operating in the South Korea intellectual property market are investing in technological advancements to improve the performance of solutions and software to gain a competitive edge. For instance:

  • In December 2019, Dennemeyer Group completed the acquisition of the Italian IP law firm De Simone & Partners. The acquisition will help company to expand their business in Italy.
  • Anaqua, provider of innovation and intellectual property management solutions announced the launch of a new innovative unit which aims to address needs of today’s global law firms. The firm is also investing in its leadership and law firm platforms, AQX Law Firm and PATTSY WAVE which highlights the anaqua’s commitment to firm as an essential part of the IP ecosystem and meets the needs of the market.

More Valuable Insights into South Korea Intellectual Property Market

Future Market Insight’s report on the South Korea intellectual property industry research is segmented into two major sections – solution {(intellectual property (IP) management software (cloud-based, on-premises), IP search and analysis software (web-based), intellectual property services (IP consulting and analytics, law firm services, IP maintenance, and others)}, and end user (corporations, government & academic, law firms, and others), to help readers understand and evaluate lucrative opportunities in the South Korea intellectual property demand outlook.

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South Korea Intellectual Property Outlook by Category

By Solution:

  • Intellectual Property (IP) Management Software
    • Cloud-based
    • On-Premises
  • IP Search and Analysis Software (Web-based)
  • Intellectual Property Services
    • IP Consulting and Analytics
    • Law Firm Services
    • IP Maintenance
    • Others

By End-user:

  • Corporations
  • Government & Academic
  • Law Firms
  • Others

About Us

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

Contact Us:

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Human Milk Oligosaccharides Market Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2032

The human milk oligosaccharides market is anticipated to expand at a CAGR of 22.7% during the anticipated time frame. According to projections, the market would be worth US$ 1,539.21Mn by 2032, up from US$ 199.0Mn in 2022.

According to WHO, the total world population is estimated to increase by approximately one billion in the next 10 years and will reach 9.5 billion by 2050. Incidentally, demand has been relatively higher than the supply of infant nutrition products. Meanwhile, sales of infant formula are also surging in some Asian countries such as China and India, promoting the consumption of HMOs alike.  Future Market Insights’ latest report reveals that the global human milk oligosaccharides market is set to surpass a valuation of US$ 76 Mn, registering a CAGR of 22.7% between 2022 and 2032.  This growth will be primarily orchestrated by the increasing application of HMO in infant nutrition products.

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In 2017 and beyond, the human milk oligosaccharides market in Europe is anticipated to witness significant revenue growth. Towards the end of 2027, Europe is anticipated to account for over 49% value share of the global market. Manufacturers in Europe are filing claims for regulatory approvals and product safety certifications in order to use HMO for preparing infant formulas. In North America, the HMO market is currently valued at over US$ 6 Mn and holds the second spot in terms of market size after Europe.

FMI’s report, titled “Human Milk Oligosaccharides Market Global Industry Analysis and Opportunity Assessment, 2017 – 2027” also cites that demand for HMO is gaining traction due to a positive perception of its prebiotic properties that help maintain a healthy immune system in infants. In addition, manufacturers are focusing on increasing their production capacities in order to enhance production of HMOs such as 2’-FL (2-fucosyllactose) that can be potentially used as an ingredient in functional food and beverages. zuChem Inc., Glycosyn LLC, Elicityl SA, Jennewein Biotechnologie GmbH, Glycom A/S, Dextra Laboratories Limited, Carbosynth Limited, Inbiose NV, ProZyme, Inc. are the leading companies operating in the global human milk oligosaccharides market.

Key Excerpts of the Report Include:

  • Among product type, fucosyllactose HMO currently accounts for the largest value share of the market followed by sialyllactose HMO. However, the latter is expected to register a faster growth rate in terms of the market value over the forecast period.
  • By 2017-end, US$ 5.5 Mn worth sialyllactose HMO is expected to be consumed globally.
  • Increasing demand for functional food and beverage products is projected to further facilitate the growth of global human milk oligosaccharides market over the next couple of years.

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Market Segmentation

By Product Type

  • Fucosyllactose
  • LNT & LNnT
  • Sialyllactose

By Region

  • North America
  • Europe
  • Asia Pacific

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Frequently Asked Questions

  • How big is the Human Milk Oligosaccharides Market?
  • At What Rate is Human Milk Oligosaccharides Market expected to rise?
  • What is the North America, Human Milk Oligosaccharides Market Outlook?
  • Which are the major countries driving demand for Human Milk Oligosaccharides Market?
  • At what rate will the China Human Milk Oligosaccharides Market grow?
  • At what rate will the Germany Human Milk Oligosaccharides Market grow?
  • At What Rate will, Human Milk Oligosaccharides Market Demand Grow in Europe?
  • Who are the top 5 players operating in the market?
  • At what rate will the Mexico Human Milk Oligosaccharides Market grow?
  • What is the outlook forecast for the Human Milk Oligosaccharides Market?

About Future Market Insights (FMI):

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

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Food Certification Market In-Depth Overview, Growth Factors, Regional Analysis And Forecasts Outlook by 2031

The food certification market will expand significantly, with an estimated US$ 8.4 billion in market value in 2021. Between 2021 and 2031, the market’s value will grow at an amazing CAGR of 10.8%.

Food certification demand is on the rise due to the increasing consumption of meat-based products. Increased consumption has compelled the governing bodies to impose stricter norms for the security and quality of food products. This, in turn, has spurred the growth of the food certification market.

Rising per capita income and rapid economic growth in developing countries like India and China are driving the food industry. This coupled with the increasing penetration of retail food chains and services will positively influence the market growth over the forecast period.

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Food producers are increasingly offering certified products to gain the consumer’s trust. With rising awareness for food transparency and the clean-label movement gaining momentum, impressive growth is on the cards.

As per FMI, the Asia Pacific food certification market is expected to expand at the highest level due to the ever-increasing demand for certified and halal-certified food products, especially in India.

Alongside this, key players are adopting winning strategies such as mergers and acquisitions to generate lucrative revenues. This will also positively affect the market. According to the report, rising awareness about certified food products will propel the market growth in the upcoming decade.

Key Takeaways from FMI’s Food Certification Market Study

  • Increasing consumption of processed food across the globe has spurred growth in the market. In terms of application, the meat segment will hold lion’s share in the global food certification market.
  • ISO 22000 and free-from certification type, collectively, are anticipated to dominate the market.
  • India is likely to emerge as a lucrative market due to the advent of multi-domestic food services and growing demand for halal food products.
  • Growing cases of foodborne diseases in the U.S are likely to spur the growth, bolstering the demand of food certification in the country.
  • China, Japan, and South Korea are expected to witness positive growth backed by the rising need for meat processed food certification.
  • Muslim countries in the Middle East will spur the market growth owing to the increased demand of kosher and halal certified food products.

“Key players are capitalizing on increasing demand for clean-label certification and halal food. Strong distribution networks with food supply chain will create lucrative opportunities for the key players,” says the FMI analyst.

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Who is Winning?

Major players include Intertek Group PLC, Llyod’s Register Group Limited, AsureQuality Limited, Bureau Veritas, DEKRA SE, DNV GL, Eurofins Scientific, SGS SA, TÜV SÜD, and Underwriters Laboratories Inc.

Mergers and acquisition remains popular strategy adopted by key players to maintain their strong foothold in the industry. Top players including Intertek Group, SGS SA, Bureau Veritas SA, Eurofins Scientific, and ALS Limited account for nearly 45% of global market share.

Strong manufacturing facilities coupled with strong distribution networks will aid the revenue generation for these market players.

For instance, in September 2020, leading player Intertek Group PLC announced the partnership with Roquette to launch a new audit program for safer food supply chain through their audit practices.

In the same month, ALS announced the expansion of its company’s testing and certification services through including its new food laboratory under the American Association for Laboratory Accreditation (A2LA) satellite program.

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Get Valuable Insights on the Food Certification Market

By Type:

  • BRC Food
  • IFS Food
  • ISO 22000
  • FSSC 22000
  • HACCP
  • Global GAP
  • Organic
  • Kosher
  • Halal
  • Others

By Application Type:

  • Bakery & Confectionery
  • Dairy Products
  • Processed & Packaged Food
  • Infant Food
  • Alcoholic & Non-alcoholic Beverages
  • Functional Food
  • Meat & Poultry Products
  • Seafood

About Future Market Insights (FMI):

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

Contact Us:

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Essential Fatty Acids Market Growth Factors, Applications, Regional Analysis, Key Players And Forecasts by 2032

The essential fatty acids market is anticipated to expand at a CAGR of 8.3% over the anticipated time frame. According to projections, the market would be worth US$ 10,250.0 Mn by 2032, up from US$ 4,620.0 Mn in 2022.

Significant health benefits and rapid adoption as key ingredient for preparing infant formula, adult dietary, and nutritional products are fueling the demand for essential fatty acids such as omega-3 and 6 across the globe. A recent study conducted by Future Market Insights (FMI) has revealed that the global market for essential fatty acids is set to witness an impressive CAGR of 8.3% in terms of revenue over the forecast period (2022-2032). During this ten-year forecast, the dynamics of the market will be shaped by factors such as government policies and regulations, incessantly rising demand, and improvement in supply chain management of essential fatty acids.

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While favorable government policies will keep encouraging higher production of essential fatty acids, the demand for such products will also surge upwards on account of their increasing application in processed and convenience food. Considering the growing awareness amongst consumers about the health benefits of essential fatty acids-based food products, the use of such products in ready-to-eat or packaged food is expected to grow over the years to come.

As per the report, omega-3 fatty acids are the most popular type of essential fatty acids, which is found in abundance in aquatic beings such fish, shellfish, krill as well as in algae and few genetically engineered plant species. Companies that are based in regions such as Latin America, Japan and the Middle East and Africa (MEA) have a better access to good quality marine based raw materials, enabling them to produce the best quality essential fatty acids. BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke DSM NV, Enzymotec Ltd., Croda International Plc, Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, Cargill, Incorporated are some of the leading market participants profiled in the FMI report.

Key Highlights of the Report Include:

  • By 2027-end, the global production of omega-3 essential fatty acids is expected to reach a whopping 417,518 metric tons.
  • Around 97,384 metric tons of essential fatty acids is expected to be used for manufacturing of dietary supplements by the end of 2017.
  • On the basis of source, marine animals will continue to be a key source of essential fatty acids throughout the assessment period. In 2016, essential fatty acids extracted from marine source accounted for nearly 64.4% value share of the market.
  • In terms of value, essential fatty acids in the form of oil accounted for over 50% market share in 2016 end, followed by powdered essential fatty acids. In addition, close to 309,702 metric tons of oil-based essential fatty acids is expected produced by end of the forecast period.

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Among regions, Western Europe continues to be the global leader in terms of consumption of essential fatty acids. In 2017 and beyond, Western Europe will remain as one of the key destinations for market players. Meanwhile, North America will represent the largest market for essential fatty acid, as the region accounts for a relatively higher share in terms of production.

By Product

  • Omega-3 Fatty Acid
    • ALA
    • DHA
    • EPA
  • Omega-6 Fatty Acid
    • LA
    • ARA
  • Omega-7 Fatty Acid
  • Omega-9 Fatty Acid

By Application

  • Dietary Supplement
  • Infant Formula
  • Pharmaceutical
  • Food and Beverages
  • Animal Food and Feed
  • Cosmetics

By Source

  • Marine
    • Algal and Fungus Oil
    • Fish Oil
    • Krill Oil
  • Plant
    • Chia Seed Oil
    • Flax Seed Oil
    • Others
  • Dairy Products

By Form

  • Oil
  • Syrup
  • Powder
  • Others

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Frequently Asked Questions

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  • At what rate will the Mexico Essential Fatty Acids Market grow?
  • What is the demand outlook forecast for the Essential Fatty Acids market?

About Future Market Insights (FMI):

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

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Veterinary Biologics Market is expected to reach US$ 18.2 billion by 2029 at a CAGR of 6.9 %

A recent market analysis by Future Market Insights (FMI) projects that the global Veterinary Biologics Market will be worth US$ 11.4 billion in 2022 and US$ 18.2 billion by 2029.

Pet health concerns are on the rise due to the growing trend of pet ownership around the world, which is driving up demand for veterinary biologics. The American Pet Products Association (APPA) estimates that 67% of American households now have a pet, a considerable increase of 56% since 1988. The most common use of prophylactic veterinary biologics, such as vaccinations, is prevention.

Increase in usage of prophylactic veterinary biologics is primarily attributed to growing awareness about better pet health management and risk of various diseases such as rabies. Recently, the World Health Organization (WHO) endorsed the use of veterinary biologics such as monoclonal antibodies over blood-derived rabies immunoglobulin. Such endorsements and quest for more safe & effective veterinary biologics have resulted in increased R&D spending.

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Key Takeaways of Veterinary Biologics Market Study

  • Owing to rapid adoption of vaccines as a prophylactic treatment for better herd immunity, the segment is expected to be a significant revenue generator.
  • Growing adoption of monoclonal antibodies for dermal disorder treatment in companion animals is anticipated to contribute to the dominance of the segment during the forecast period.
  • Rising prevalence of infectious diseases in livestock has boosted the demand for veterinary biologics. Livestock is expected to be a significant revenue generating segment by animal type, during the forecast period.
  • By distribution channel, the veterinary biologics market is dominated by veterinary clinics in terms of revenue, owing to direct customer contact for bulk orders.
  • Europe is anticipated to be the most lucrative region in terms of revenue, due to growing adoption of animals for commercial use. East Asia is expected to witness notable growth during the forecast period.

Mergers & Acquisitions Key Strategy of Veterinary Biologic Manufacturers

Manufacturers such as Boehringer Ingelheim International GmbH, Zoetis Inc., etc., are engaging in mergers & acquisitions with small and medium regional players in the veterinary biologics market in order to streamline their product offerings in respective regions with diverse product portfolios.

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More Valuable Insights on Veterinary Biologics Market

Future Market Insights brings a comprehensive research report on forecast revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each segment from 2014 to 2029. The global veterinary biologics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the veterinary biologics market on the basis of product type (vaccines, monoclonal antibodies, bacterial extracts, immunomodulators, and allergenic extracts), animal type (companion animals, livestock, and equine), and distribution channel (veterinary clinics, veterinary hospitals, veterinary research institutes, and retail pharmacies), across seven major regions.

Veterinary Biologics Market By Category

By Product

  • Vaccines
  • Attenuated Live Vaccines
  • Conjugate Vaccines
  • Inactivated Vaccines
  • Subunit Vaccines
  • Toxoid Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Bacterial Extracts
  • Monoclonal Antibody
  • Immunomodulatory
  • Cytokines
  • Others
  • Allergenic Extracts

By Animal

  • Companion Animals
  • Canine
  • Avian
  • Feline
  • Livestock
  • Aquatic
  • Bovine
  • Porcine
  • Ovine/Caprine
  • Poultry
  • Equine

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By Distribution Channel

  • Veterinary Clinics
  • Veterinary Hospitals
  • Veterinary Research Institutes
  • Retail Pharmacies

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, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 08-years.

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Demand Europe of Medical X-Ray Detectors Market is expected to register growth rate of 5.3% from 2022 to 2029

The global Medical X-Ray Detectors Market is expected to grow at a 5.7% CAGR from US$ 2.2 billion in 2022 to US$ 3.2 billion by 2029.

The medical devices industry is seeing an increase in the number of imaging and diagnostic tests performed each year, owing to a variety of factors such as a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through medical device market consolidation and mergers.

The rising prevalence of sports injuries, trauma, and cancer represents a sizable patient pool opting for diagnostic imaging tests each year, particularly in developing countries.

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According to the Centers for Disease Control and Prevention (CDC), approximately 80 million Computed Tomography (CT) tests were performed in the United States alone in 2015.

The increase in the number of patients undergoing CT and radiography tests around the world, as well as the number of tests performed each year, has resulted in a significant demand for digital radiography detectors such as a-Si detectors.

These factors have increased demand for a-Si X-ray flat panel detectors, thereby driving the medical X-ray detectors market forward.

Key Takeaways – Medical X-ray Detectors Market Study

  • Flat panel X-ray detectors are becoming increasingly popular in the global medical X-ray detectors market, owing to distinct advantages over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
  • Manufacturers’ introduction of new technology, such as the Veradius X-ray system, is expected to increase demand for thin flat detector devices and computed radiography (CR) detectors among end users.
  • Direct flat-panel medical X-ray detectors are expected to generate significant revenue because they have a higher technical advantage over indirect flat-panel medical X-ray detectors.
  • The growing use of digital X-ray systems for radiological imaging over retrofit X-ray systems indicates a high revenue potential for the medical X-ray detectors market.

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Cloud-based medical imaging and growing shift from analog to digital X-ray detectors are key growth opportunities for the medical X-ray detectors market.

The medical devices industry is seeing an increase in the number of imaging and diagnostic tests performed each year, owing to a variety of factors such as a greater emphasis on radiological diagnostic tests, an increase in the burden of chronic diseases, and the introduction of efficient X-ray devices through medical device market consolidation and mergers.

The rising prevalence of sports injuries, trauma, and cancer represents a sizable patient pool opting for diagnostic imaging tests each year, particularly in developing countries.

According to the Centers for Disease Control and Prevention (CDC), approximately 80 million Computed Tomography (CT) tests were performed in the United States alone in 2015.

Rise in number of patients undergoing CT and radiography tests globally and increase in number of tests performed each year have led to significant demand for digital radiography detectors such as a-Si detectors.

These factors have boosted the demand for a-Si X-ray flat panel detectors, directly fueling growth of the medical X-ray detectors market.

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Key Takeaways – Medical X-ray Detectors Market Study

  • Flat panel X-ray detectors are becoming increasingly popular in the global medical X-ray detectors market, owing to distinct advantages over computed radiography (CR), charged couple detectors (CCD), and analogue detectors (film based).
  • Manufacturers’ introduction of new technology, such as the Veradius X-ray system, is expected to increase demand for thin flat detector devices and computed radiography (CR) detectors among end users.
  • Direct flat-panel medical X-ray detectors are expected to generate significant revenue because they have a higher technical advantage over indirect flat-panel medical X-ray detectors.
  • The growing use of digital X-ray systems for radiological imaging over retrofit X-ray systems indicates a high revenue potential for the medical X-ray detectors market.

Strategic Acquisitions Remains Favored Competition Strategy

Leading players in the medical X-ray detectors market, including GE Healthcare, Canon, Philips, and Hitachi, are focusing on business expansion through partnerships, mergers, sales agreements, and acquisitions with local manufacturers in emerging economies.

These mergers and acquisitions are intended to reduce product development costs, streamline distribution channels, and strengthen market position.

Canon Inc. purchased Toshiba Corp.’s medical division in December 2016.

Canon Inc. entered the diagnostic imaging device market with the acquisition, leveraging Toshiba Medicals’ core diagnostic imaging strength.

Canon’s biomedical business would benefit from this acquisition.

Furthermore, key players are focusing on R&D and the launch of new products based on exclusive developmental technologies, with an emphasis on product differentiation.

In November 2017, at the Radiological Society of North America (RSNA) tradeshow. Carestream Health showcased a mobile X-ray system with carbon nanotube.

The system entered the medical X-ray detectors market in May 2018 and is compatible with every DRX a-Si detector device providers by Carestream Health.

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Know More About FMI’s Report on Medical X-ray Detectors Market

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2014 to 2029.

The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on medical X-ray detectors market on basis of product, panel size, modality, and end user.

MEDICAL X-RAY DETECTORS MARKET TAXONOMY

The global medical X-ray detectors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Indirect Flat-Panel Detectors
  • Direct Flat-Panel Detectors
  • Computed Radiography (CR) Detectors

Panel Size

  • Large-Area Flat-Panel Detectors
  • Small-Area Flat-Panel Detectors

Modality

  • Portable Detectors
  • Fixed Detectors

Module

  • Digital X-ray Systems
  • Retrofit X-ray Systems

End User

  • Hospitals
  • Diagnostic Centers

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 08-years.

Contact Us:

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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Lung Cancer Surgery Market | Ethicon Inc., Medtronic Plc., Germed USA Inc., Teleflex Incorporated | By 2029

The Lung Cancer Surgery Market is expected to reach US$ 1.98 Billion by the end of 2029, with sales revenue expected to grow at a 6.1% CAGR. Over 2 million new cases of lung cancer were registered globally by the end of 2021, as reported by the American Cancer Society, Inc. The global lung cancer surgery landscape currently represents a US$ 1 Billion market and will expand at a strong CAGR during the period of projection, 2022 to 2029. A new Future Market Insights (FMI) report states that the use of techniques that are minimally invasive, video assisted, and robot assisted is growing, which is shaping the future of lung cancer surgery market.

Robotic thoracic surgery would remain highly preferred over traditional surgical techniques, as it offers higher magnification, more precision, and eliminate the need for large-incision operations. Development of new surgical robots may cut down the cost of devices and increase shift towards robotic lung cancer surgery. Introduction of new imaging techniques for enhancing visualization, angled lenses for enhanced accessibility, and end staplers will continue to enhance the video-assisted lung cancer surgery procedure.

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Intuitive Surgical is the sole player in robotic lung cancer surgery market with its DaVinci system. Medtronic and Johnson & Johnson are developing surgical robots and are challenging the monopoly of Intuitive Surgical in lung cancer surgery market.

Key Takeaways – Lung Cancer Surgery Market Study

  • Introduction of powered and tissue-specific endoscopic stapling technology provides significant benefits to reduce cost, resource usage, improve clinical outcome compared to manual staplers.
    • In September 2022, Johnson & Johnson launched ECHELON CIRCULAR Powered Stapler for thoracic, colorectal, and gastric surgery.
    • In March 2016, Intuitive Surgical Inc. got U.S. FDA approval for its da Vinci Xi Endowrist Stapler 30 (30 mm) instruments and reloads.
  • Key market players are focusing on the development of new robot-assisted thoracic surgery system. Partnerships & collaborations with best in class surgical device and visualization technology developers are the strategic focus of manufacturers. For instance,
    • Medtronic partnered with Karl Stroz, a best in class endoscopic imaging devices manufacturer. In June 2022, Medtronic announced its upcoming robotic-assisted surgical platform including three-dimensional vision systems from Karl Stroz.
  • East Asia is expected to be the prominent region in the lung cancer surgery market during the forecast year. This is attributed to high prevalence of lung cancer in China & Japan increasing the demand for lung cancer surgery. According to the International Agency for Research on Cancer, from overall cancer patients in China and Japan, around 18.1% and 16.8% patients respectively were having lung cancer.

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Development in robotic thoracic surgery platforms and innovation in tissue-specific endoscopic stapling and vessel sealing techniques to reduce endoleak complications will further broaden the growth prospects of the lung cancer surgery market.

Product Portfolio Expansion to Increase Global Footprint

Manufacturers are adopting product portfolio expansion strategy to increase their footprint in the global lung cancer surgery market. Market players such as Pentax Medical, Olympus, Johnson & Johnson, Intuitive Surgical Inc. are continuously focusing on new product launches and regulatory approvals. For instance,

  • In July 2016, PENTAX Medical launched new DEFINA high-definition pulmonology endoscopy system for crystal clear imaging during surgical procedures.
  • In April 2018, Intuitive Surgical Inc. received U.S. FDA clearance for da Vinci Vessel Sealer Extend single-use, the fully wristed bipolar electrosurgical instrument for lung cancer surgery procedures such lobectomy, segmentectomy, and wedge resection.

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Key Companies Profiled

  • Asap Endoscopic Products
  • Ethicon Inc. (J & J)
  • Medtronic Plc.
  • Germed USA Inc.
  • Teleflex Incorporated
  • B. Braun Melsungen AG
  • Karl Storz
  • Richard Wolf
  • Olympus Medical Systems Corp
  • Intuitive Surgical Inc.
  • Ambu A/S
  • PENTAX Medical Company
  • FUJIFILM Holdings Corporation

Lung Cancer Surgery Market by Category by Product:

  • Thoracoscopes
  • Mediastinoscopes
  • Bronchoscopes
  • Robotic-Assisted Thoracic Surgery Systems
  • Surgical Staplers
  • Surgical Energy Instruments
    • Advanced Energy Instruments
      • Advanced Bipolar Instruments
      • Ultrasonic Instruments
    • Basic Energy Instruments
      • Bipolar Instruments
      • Monopolar Instruments

By Application:

  • Lobectomy
  • Segmentectomy
  • Wedge Resection
  • Pneumonectomy

By End-User:

  • Hospitals
  • Ambulatory Surgical Centers

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 08-years.

Contact Us:

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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Identity As A Service Market is Expected to Progress at a CAGR of 30.4% from 2022 to 2032 | Report by FMI

According to Future Market Insights’ new analysis, the identity as a service market is expected to increase from US$ 9.5 billion in 2023 to US$ 135.0 billion by 2033. The market is anticipated to grow at a 30.4% CAGR from 2023 to 2033.

Increasing Regulatory Compliances for User Data Protection to Fuel Market Growth

Countries around the world are enacting stringent restrictions on the use of customer data. The General Data Protection Regulation (GDPR), Personal Information Protection and Electronic Documents Act, California Consumer Privacy Act, Act on Personal Information Protection, and many others are among the regulations.

These policies are more concerned with implementing good and ethical procedures while using digitally generated data. As a result, this increases customer trust and improves the user experience. The expanding illegal practices of utilizing clients’ sensitive data for organizational growth have spurred the necessity for these restrictions to be implemented.

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These regulatory compliances are expected to be met by the strategically applied identity as a service. The system provides features for ensuring allowed and authenticated data access. As a result, it aids in the prevention of external data breaches as well as internal data misuse within the firm.

As of now, the penalties for data breaches are comparable to the risk of data protection. As a result, rising regulatory compliance globally is predicted to boost the identity as a service market share.

Key Takeaways

  • Growing regulatory demands and data protection legislation, increased demand for cloud-based security services and solutions, and increased use of IAM solutions for business facilitation are key factors driving the market expansion.
  • The identity as a Service market is expected to record a CAGR of 30.4% during the forecast period 2023 to 2033.
  • North America dominated the identity as a service market.

Key Developments

  • In June 2022, IBM improved its product, IBM Security Verify Governance V10.0.1 Fix Pack 1, to provide companies with a single platform for investigating, defining, and managing access risks. This solution employs business-centric rules, actions, and procedures to enable line-of-business managers, auditors, and risk managers to regulate the access and analyze regulatory compliance across company applications and services.
  • Microsoft Entra, a new solution, was announced in May 2022. Microsoft Entra Permissions Management is a solution designed to provide visibility of permissions to users and workload identities. It enables security teams to identify unused and excessive permissions more effectively, thereby enforcing the notion of least privilege and maintaining a top-down view of identities across all cloud services, including Microsoft Azure, Amazon Web Services, and Google Cloud Platform.
  • Ping Identity released a new product called PingOne DaVinci in February 2022. It is a vendor-neutral platform that enables enterprises to mix and coordinate identity services from several vendors. It includes over 100 pre-built connectors for various identity, IT, and automation services. It simplifies the development of digital user journeys across multiple apps and ecosystems by speeding up the integration and deployment of identity services.
  • Okta improved its product, Okta Workflows, in October 2021. Beyond Lifecycle Management capabilities, Okta Workflows has added features that serve a broader set of identity automation use cases, such as sophisticated security orchestration and DevOps. The new functionalities give customers the ability to accelerate innovation and automate identity procedures.

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Identity as a Service Market

By Access Type:

  • Single Sign-on
  • Multi-factor Authentication
  • Compliance Management
  • Directory Services
  • Others

By Enterprise Size:

  • Small & Medium Enterprises
  • Large Enterprises

By Deployment:

  • Public
  • Private
  • Hybrid

By Service Type:

  • On-site
  • In-house

By Application:

  • Document Verification
  • Authentication/identification
  • Screening

By Industry:

  • Government
  • Retail & Consumer Electronics
  • Transportation & Logistics
  • Media & Entertainment
  • IT & Telecommunication
  • BFSI
  • Energy & Utility
  • Healthcare
  • Automotive
  • Others

By Region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

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About Us

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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