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By the end of 2022, the market for gastrointestinal stents will be worth US$ 455.44 million. The market is anticipated to grow at a CAGR of 5.5% from 2023 to 2033 and is projected to reach a market value of about US$ 815.34 Million in that year.

As per the gastrointestinal stent market survey by Future Market Insights (FMI), the market is poised to attain a CAGR of 6% during the forecast period, i.e., 2022-2032.

The rising preference for minimally invasive (MI) surgical procedures is having a significant impact on the gastrointestinal stent market growth as in comparison to traditional open surgery procedures; stenting has a lower risk of gastrointestinal infection, less blood loss, and a shorter recovery period.

As per gastrointestinal stents market study, gastrointestinal stents market future trends are likely to be swayed by various technological advancements, such as the development of gastrointestinal biodegradable stents and nitinol material-based stents with a high degree of flexibility and kink-resistance can be considered as some of the major emerging trends in gastrointestinal stent market.

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Ongoing research and development activities in the business sector are also expected to sway the gastrointestinal stents adoption trends during the forecast period. For example, Brigham and Women’s Hospital and MIT researchers announced the development of a stretchable stent with pop-out needles for use in drug delivery in gastrointestinal systems and other tubular organs.

Sales of gastrointestinal stents are likely to surge owing to significant growth in healthcare infrastructure, favorable government policies, and extensive research and development (R&D) activities.

In most Asian countries, government reimbursement for endoscopic stenting procedures is limited or non-existent, one of the major reasons for patient and physician reluctance to use gastrointestinal stents, narrowing down the gastrointestinal stents market outlook.

Such a high cost and a lack of reimbursement in developing countries such as India are expected to limit patient adoption of gastrointestinal stent-related procedures.

Taking into account the factors mentioned above, the gastrointestinal market size is projected to reach US$ 600 Mn by 2026.

Key Takeaways:

• Due to the increasing prevalence of chronic liver disease and the increase in the number of surgical procedures for the treatment of biliary diseases, the biliary stents segment is likely to account for the largest gastrointestinal stents market share as per the product type.
• Based on material, self-expanding metal stents are expected to lead the market. The same can be credited to benefits such as ease of insertion, a lower possibility of dislodgment or migration, and longer patency.
• During the forecast period, the gastrointestinal cancers segment is anticipated to have the highest CAGR attributed to the increased prevalence and incidence, thereby positively impacting the gastrointestinal stents market trends.
• The hospitals and clinics segment will be at the forefront of the market, owing to many endoscopic retrograde cholangiopancreatographies (ERCP) and percutaneous transhepatic cholangiography (PTC) procedures performed in hospitals for various disease indications.

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“In terms of market share and revenue, North America is predicted to dominate the gastrointestinal/GI stent market and will maintain its dominance throughout the forecast period on account of a sophisticated level of healthcare facilities, a rising geriatric population, high incidence of gastrointestinal diseases, favorable reimbursement scenario, and presence of key market players such as C.R. Bard (US), and Becton, Boston Scientific Corporation (US), Dickinson and Company.” opines an FMI researcher.

Competitive Landscape:

Among the prominent players in the GI, stents market are Merit Medical Systems (US), Cantel Medical (US), Olympus Corporation (Japan), CONMED Corporation (US), Taewoong Medical (South Korea), Endo-Flex GmbH (Germany), Micro-Tech (Nanjing) Co., Ltd. (China), MI-Tech (South Korea), QualiMed (Germany), UK Medical (UK), Hobbs Medical Inc. (US), CITEC (China), BCM Corporation (South Korea), Leufen Medical GmbH (Germany) and Medorah Meditek Pvt. Ltd. (India).

The gastrointestinal stent market is moderately competitive, with numerous gastrointestinal stents market opportunities. In addition, the increasing prevalence of diseases associated with gastrointestinal tract stent placement is driving up demand for gastrointestinal stents.

As a result, several global corporations are implementing various strategies to reach out to emerging economies such as product launches, mergers, acquisitions, partnerships, collaborations, etc.

Some of the recent developments in the gastrointestinal stents market are:

• Cook Medical worked with Taewoong Medical to expand patient treatment options by distributing a variety of Taewoong’s stents in the United States. The Niti-STM Through the Scope (TTS) Esophageal Stent, the flagship product of the South Korean company’s Niti-S Self-Expandable line of the metal gastrointestinal stent, is included in this distribution collaboration.
• Olympus has proposed a couple of self-expanding metal stents (SEMS) to be used as palliative measures in patients with a short life expectancy or who have malignant colonic or duodenal obstruction.

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Key Segments

By Product:

• Biliary Stents
• Duodenal Stents
• Colonic Stents
• Pancreatic Stents
• Esophageal Stents

By Material:

• Self-Expanding Metal Stents
• Plastic Stents

By Application:

• Biliary Diseases
• Irritable Bowel Syndrome
• Gastrointestinal Cancers
• Colorectal Cancer
• Stomach Cancer
• Esophageal Cancer
• Pancreatic Cancer

By End User:

• Hospitals And Clinics
• Ambulatory Surgical Centers

More Trending Reports by Future Market Research: 

High Flow Nasal Cannula Market Size: [250 Pages] High flow nasal cannula sales are expected to grow at a CAGR of 11.6% between 2022 and 2030. The global high flow nasal cannula market is forecast to be worth US$ 17.7 Billion by 2030

Medical Mask Market Trends: [201 Pages Report] Global demand for medical masks is expected to rise at a yearly growth rate of 10.0% Y-o-Y to US$ 9.8 Billion in 2030

Dermal Fillers Market : Dermal Fillers Market is projected to exhibit 7.5% CAGR between 2023 and 2033. They are used to rejuvenate different facial areas associated with various functionalities. The rising demand for facelift or face line corrections in various emerging countries is enabling the market growth.

About 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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The global fiducial markers market is worth US$ 153.6 Million as of now and is expected to reach US$ 408.3 Million by the year 2033 at a CAGR of 10.3% between 2023 and 2033.

With growing awareness regarding targeted radiotherapy techniques like image-guided radiotherapy, stereotactic radiosurgery, and intensity-modulated radiotherapy, fiducial markers are expected to witness an explicit demand in the years to come. Herein, advanced navigation technology by SPiN System helps in locating the target of placing fiducial marker properly for resection or radiation.

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Radiotherapy has been recommended as palliative or parallel therapy with the other procedures of treatment for several types of cancers. For example – in breast cancer stage 1 and 2, majority of patients are prescribed radiotherapy and breast-conserving surgery sessions. Plus, social organizations and governments are continuously funding for research regarding cancer and fiducial markers.

Modality-wise, market constitutes ultrasound, CT/CBCT, X-Ray, and MRI; out of which CT/CBCT holds a sizable market share and the trend is expected to remain the same even in the forecast period. This could be attributed to exposure to low dose, ease of integration with radiotherapy equipment that exists, and CBCT’s orthogonal imaging features are the factors basically driving the fiducial markers market.

Ultrasound modality would be the major contributor to the revenue due to ability of providing real-time volumetric information along with organ tracking. It is widely used in treating liver, prostate, and breast cancer.

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MRI modality does provide precise and reliable details regarding soft tissues while treating complex cases like orthotopic prostate tumors. MRI-based LINAC system is also being increasingly adopted.

Beacon FNF from Medtronic plc comes across as a pre-loaded gold fiducial marker system reducing risk of complications commonly reported – like pneumothorax.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Fiducial Markers Market’. The team of analysts and consultants is there with its 360-degree view in primary, secondary, and tertiary modes of research.

“With various technological advancements being ushered for developing an advanced navigation system for appropriate product placement, the fiducial markers market is likely to grow on an altruistic note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Fiducial Markers Market

• North America holds the largest market share due to the US witnessing streamlined reimbursement policies along with public health programs. Plus, with advanced radiotherapy procedures and imaging modalities being increasingly adopted, the market is expected to flourish in the upcoming period.
• Europe holds the second-largest market share. It has been observed that more than 3.2 Million contract cancer every single year. The geriatric population is more into colorectal and breast cancer. Plus, numerous fiducial markers are being approved by CE. On these grounds, BioXmark, in March 2020, did receive CE approval. It was devised by Nanovi A/S.
• The Asia-Pacific is expected to witness growth at a rapid pace in the fiducial markers market in the forecast period. India and China are dominating the market. Along these lines, the government of China did relieve extra tax on 16 imported goods inclusive of medical LINAC systems.

Competitive Markers

• Stratpharma AG, in the year 2019, did expand the agreement with US-based CIVCO for distributing the latter’s radiotherapy solutions at the global level.
• IZI Medical Products, in 2019, did acquire IBA’s RadioMed division, which produces VISICOIL implantable fiducial markers.
• Nanovi A/S, in 2018, did secure US$ 2.23 Million from the existing investors for expanding business and introducing BioXmark in Europe.

What does the Report Cover?

• The research study is based on product (polymer based markers, metal based markers, pure gold markers, and liquid based markers), by modality (photon therapy, proton therapy, tomotherapy, and cyberknife), by disease site (head & neck, breast, lung, abdomen, prostate, kidney, and cervix or other gynaecologic organs), and by end-user (hospitals, cancer research institutes, and radiotherapy centers).
• With increase in incidences of breast, prostate, and lung cancer with growing adoption of radiotherapy for treating oncology, the global fiducial markers market is likely to witness persistence in the years to come.

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Key Market Segments Covered in Fiducial Markers Industry Research

Product:

• Polymer Based Markers
• Metal Based Markers
• Pure Gold Markers
• Liquid Based Markers

Modality:

• Photon Therapy
• Proton Therapy
• Tomotherapy
• Cyberknife

Disease Site:

• Head & Neck
• Breast
• Lung
• Abdomen
• Prostate
• Kidney
• Cervix or other gynaecologic organs

End User:

• Hospitals
• Cancer Research Institutes
• Radiotherapy Centers

Explore Other Reports Links From Healthcare Market:

Spasticity Treatment Market Sales: According to Future Market Insights (FMI) analysis in a recent market survey, the global spasticity treatment market was valued at US$ 12.2 Billion in 2022 and is set to reach US$ 28.4 Billion by 2033.

Prurigo Nodularis Treatment Market Volume: The global prurigo nodularis treatment market is expected to attain a valuation of US$ 693.3 million in 2023 and is projected to reach US$ 930.9 million by 2033. The market is expected to rise at a CAGR of 3% from 2023 to 2033.

Venous Stents Market Demand: The global venous stents market held a valuation of US$ 921.4 Million in 2022, and it is anticipated to expand at a CAGR of 8.4% over the forecasted years.

About 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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[304 Pages Report] From 2023 to 2033, the market for physiotherapy equipment is anticipated to grow at a 6.5% CAGR. In 2023 and 2033, it is projected to generate valuations of $20,367.16 million and $38,134.8 million, respectively.

The increasing levels of physical inactivity is leading to various problems such as frozen joints, muscle degeneration, sprains and strains have compounded, necessitating the need for physiotherapy. Additionally, rising incidences of road and sports accidents is acting as a catalyst for increasing the number of physiotherapy procedures.

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Based on these trends, manufacturers are concentrating on introducing technologically advanced products and introducing them into the market at highly competitive prices. Additionally, specific nature of injuries is prompting them to dole out specific products. Majority of the players are scrambling to acquire a footing across emerging economies.

Physiotherapy Equipment Market Study- Key Findings

• Ultrasound physiotherapy equipment shall tower over others, attributed to rising demand for non-invasive surgeries
• Musculoskeletal devices shall pivot the market in terms of application throughout 2020-2030
• North American market accounts for over 2/5^th of the revenue
• East & South Asia remain lucrative, jointly capturing nearly 1/4^th of the revenue share

“Prevalence of co-morbidities amongst the geriatric population has made physiotherapy a top priority for them, prompting vendors to introduce technologically sophisticated equipment in order to provide the elderly major relief from the pain induced by various physical ailments,” infers the FMI analyst.

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Competitive Landscape

The global physiotherapy equipment market is characterized by the presence of several prominent players who are concentrating on introducing new products and acquisitions to carve a firm footing.

In June 2020, DJO Global introduced the DonJoy X-ROM Post-Op Knee Brace, incorporating an improvised user-friendly fastener which is easy to adjust and easy to apply. In 2019, the company launched the first fully sterile surgeon-controlled leg and retractor holder for Anterior Approach Hip Arthroplasty.

In 2017, U.S Physical Therapy Inc. successfully acquired a Houston-based local physical therapy practice at a purchase price of US$ 11.4 million, with the practice’s clinical owners retaining 30% of the stake. The acquisition was announced in 2016.

More Insights on the Physiotherapy Equipment Market

A recent market study published by FMI on the Physiotherapy Equipment market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of equipment type, application, end-user and region.

Based on equipment type, the market is segmented into cryotherapy, hydrotherapy, electrotherapy, continuous passive motion units, multi-exercise therapy unit, heat therapy, ultrasound physiotherapy and others. On the basis of application, the segments include neurological, musculoskeletal, cardiovascular & pulmonary and others. In terms of end-user, the market is divided into hospitals, rehabilitation centers and homecare settings. Regionally, the market is divided into North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania

Key Segment

Equipment Type

• Cryotherapy
• Hydrotherapy
• Electrotherapy
• Continuous Passive Motion Units
• Multi-exercise Therapy Unit
• Heat Therapy
• Ultrasound Physiotherapy
• Other Therapy Types

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Application

• Neurological
• Musculoskeletal
• Cardiovascular and Pulmonary
• Others

End-user

• Hospitals
• Rehabilitation Centers/Clinics
• Homecare Settings

Have a Look at Related Research Reports of the Healthcare Domain:

Injectable Drugs Market: is expected to reach US$ 531.8 Bn in 2022. Sales in the market will increase at a CAGR of 5.8%, reaching US$ 937.0 Bn by 2032.

Cardiac Biomarker Diagnostic Test Kits Market: is projected to expand at 5.1% CAGR over the forecast period, from 2022 to 2028.

Dermal Fillers Market : Dermal Fillers Market is projected to exhibit 7.5% CAGR between 2023 and 2033. They are used to rejuvenate different facial areas associated with various functionalities. The rising demand for facelift or face line corrections in various emerging countries is enabling the market growth.

About 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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The escalating burden of cardiac arrhythmias such as atrial fibrillation, atrial flutter, ventricular tachycardia, Wolff-Parkinson-White (WPW) syndrome and AV-nodal reentrant tachycardia (AVNRT) has been fuelling the demand of the electrophysiology devices and procedures. Future Market Insights in a new study has projected the reach a valuation of US$ 6.02 Bn by the end of 2021.

The increasing demand for minimally invasive, safer, and efficient electrophysiology therapies has transcended electrophysiology market growth. The latest electrophysiology catheters, devices and access devices offer advanced cardiac electromapping, ablations and diagnostic procedures. The next-generation electrophysiology devices offer minimal invasive interventions that offer short hospital stay period.

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The increasing adoption of the ablation catheterization for the management of the cardiac arrhythmias is escalated by the introduction of advanced, safer and efficient electrophysiology solutions by the key players. The minimally invasive nature of the incoming electrophysiology solutions is safer for patients with medical comorbidities.

The cardiac arrhythmia treatment regime is frequently combining these latest electrophysiology devices with several antiarrhythmic drugs such as procainamide, amiodarone, flecainide and others. The shift towards the increased adoption of the disposable catheters due to their affordability, sterility and safety has also rocketed the sales of the electrophysiology market. Manufacturers have eyed on the acquisitions, collaborations, product approvals and launching into various geographies to penetrate deep into the potential electrophysiology markets.

The COVID19 pandemic in the first few months of 2020 has imparted a negative impact on the electrophysiology market. The massive global lockdown, along with the shutting down of the economies such as China has halted the demand and supply activities. Seeing the massive influx of the COVID19 patients and the risk of hospital-acquired infections, several cardiology and electrophysiology committees jotted updated strategies and protocols of conduct to cut down on the number of electrophysiology procedures and to only perform the interventional procedures for the high priority cases.

Key Takeaways from Electrophysiology Market Study

• The global electrophysiology market is estimated to be US$ 7.84 Bn in 2020, exhibiting a CAGR of ~12.7 % during the forecast period (2020-2030)
• The U.S. will remain a highly lucrative market, accounting for over 95% of North America market in 2021, based on volume
• Demand from U.K. is poised to surge considerably. FMI forecasts it to exhibit 8.5% Y-o-Y growth in 2021
• Germany and France will emerge as other key markets for electrophysiology in the U.K.
• Demand from both Japan and South Korea is expected to increase at a considerable pace in the coming years

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Who is Winning?

The leading manufactures have eyed in the improvisation of the ablation procedures with the introduction of the latest contact-force sensing technology that offers high precision ablation, irrigated tip ablation catheters with controlled and target specific ablation and balloon catheters with more predictable and reproducible ablation.

Stereotaxis and Acutus Medical have introduced telerobotics in the cardiac ablation catheter surgeries that offer high precision ablation, real-time cardiac imaging and high-resolution cardiac mapping. Digital cloud technology has also been integrated into the electrophysiology devices that allows the interventionalist to remotely access the cardiac data.

For instance, J&J’s Biosense Webster launched a new cloud-based network, CARTONET platform that connects the field’s myriad devices to share the 3D image files into laptops, tablets, etc.

The global electrophysiology market is set to expand its scope in the forecast period, as a result of the rising prevalence of cardiac arrhythmias. In addition to this, the escalating demand for minimally invasive cardiac therapies, increasing adoption of the electrophysiology interventions, along with the incoming advanced technologies are propelling the growth of the market.

Electrophysiology Market: Segmentation

Product Type

• Electrophysiology Laboratory Devices
  • 3D Mapping Systems
  • Electrophysiology Recording Systems
  • Radiofrequency (RF) Ablation Systems
  • Intracardiac Echocardiography (Ice) Ultrasound Imaging Systems
  • Cardiac Stimulators
  • Others
• Electrophysiology Ablation Catheters
  • Cryoablation Electrophysiology Catheters
  • Radiofrequency (RF) Ablation Catheters
  • Irrigated Tip RF Ablation Catheters
  • Laser Ablation Catheters

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• Electrophysiology Diagnostic Catheters
  • Conventional Electrophysiology Diagnostic Catheters
  • Advanced Electrophysiology Diagnostic Catheters
  • Ultrasound Electrophysiology Diagnostic Catheters
• Access Devices

Indication

• Atrial Fibrillation
• Atrial Flutter
• Wolff-Parkinson-White Syndrome (WPW)
• Atrioventricular Nodal Reentry Tachycardia (AVNRT)
• Ventricular tachycardia (VT)
• Others

End-User

• Hospitals
• Cardiac Catheterization Laboratories
• Ambulatory Surgery Centers

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

Empty Capsules Market : The global sales of empty capsules are anticipated to reach US$ 2.3 Billion in 2023. The market is further expected to increase at 7.9% CAGR during the forecast period, totaling a valuation of US$ 4.9 Billion by 2033.

Dermal Fillers Market : Dermal Fillers Market is projected to exhibit 7.5% CAGR between 2023 and 2033. They are used to rejuvenate different facial areas associated with various functionalities. The rising demand for facelift or face line corrections in various emerging countries is enabling the market growth.

Canine Atopic Dermatitis Treatment Market Size: The global Canine Atopic Dermatitis Treatment Market is estimated to exceed US$ 2.37 Bn by the end of 2029.

About 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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New market research report on annatto food colors covers food and beverage industries utilizing annatto food colors around the globe, the annatto food colors market is anticipated to reach a market valuation of nearly USD 200 Mn by the year 2022, accelerating at a CAGR of 6.1% between 2022-2032.

The annatto food colors market for natural food ingredients and colourants has increased, which can be attributed to rising consumer demand for annatto food colors along with naturally-derived and safer food ingredients influences the annatto food colors market key trends and opportunities.

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Furthermore, natural food colourant dominant regions such as Asia Pacific and North America are expected to gain traction in the annatto food colors market future trends.

Annatto food color is also loaded with several pharmaceutical properties and is therefore widely used in cooking culinary practices. Annotto is derived from achiote shrubs that are found in most tropical countries like Brazil, Peru, Mexico, Ecuador, India, Sri Lanka, Kenya, Dominion Republic, Jamaica, and to a lesser extent in Turkey, Philippines, and Angola.

With the rising number of consumers shifting to a vegan lifestyle and vegetarian diet, the demand for annatto food colors has boomed in the food processing industry.

The enlarging health-consciousness among people during the pandemic has triggered people globally into looking for natural and plant-based food colors like annatto color shades on their plates.

Key Takeaways from Market Report

• The overall plant-based food colors market is expected to witness annatto food colors market growth at CAGRs of 6.5% and 6.1% in North America and Latin America, respectively, through 2032, while the annatto food colors market is anticipated to grow at a rate of 5.8% and 6% in these regions respectively.
• The European annatto food colors market is currently pegged at 1200 metric tons by volume and USD 35 mn by value. The demand for annatto food colors is about to grow at 5.9% CAGR between 2022 and 2032 in this region.

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• Although by application, the dairy industry holds command over the highest annatto food colors market share of 21%, the beverages segment is set to expand at a CAGR of 6.2%.
• In relation to synthetic colors like Azorubine, Allura Red, and others, annatto has lesser stability, which is a major restraining factor for annatto food colors market expansion. Another problem cutting the annatto food colors market adoption trends is the product’s higher cost when compared to its competitors.
• Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of annatto food colors across global annatto food colors market.

 “Annatto food color makers are advised to target the health and nutrition markets like dietary supplements industry. Manufacturers should also strive to achieve higher production volumes, to make plant-based food colors more affordable to food processing industries. As the tropical regions where the raw materials are found in abundance are not developed, larger companies would profit significantly by moving manufacturing units to these countries,” says a Future Market Insights analyst.

Competitive Landscape

Annatto food color producers are majorly focusing on aggressive marketing techniques and cost-cutting procedures in order to make annotta food colors affordable for the food processing industry. These manufacturers also participate in various collaborations with leading food brands around the world to increase the reach of their products.

Major annatto food colors market players are D.D. Williamson & Co. Inc., Sensient Technology Corporation, Chr. Hansen Holding A/S, Kalsec Inc, Fiorio Colori, FMC Corporation, WILD Flavors, Naturex S.A., and a few other regional players.

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About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

About FMI

Future Market Insights (ESOMAR certified 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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The global botanical ingredients market is set to witness growth at a CAGR of 7.3% and top a valuation of US$ 331.9 Billion by 2032.

The botanical ingredients manufacturers offer a plethora of opportunities for businesses. Due to the new clean label and sustainable product trends, it is an excellent position for both brands and formulators to advertise products based on botanical ingredients as a unique and innovative created item.

Demand for botanical extract is expected to grow significantly over the forecast period, owing to their numerous health benefits and potential to function as an alternative to contemporary medication.

Increased awareness of the advantages of herbal goods versus synthetic products, and rising demand from food and other uses, are all expected to improve botanical ingredients sales. Brands like Botanical Ingredients Ltd. are supplying products to the Australian food industry with 100% pure and organic botanical ingredients sourced from Australia and the EU.

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Botanical ingredients brands, such as Euroma, work on tasty concepts while manufacturing premium botanical ingredients using the best herbs and spices, from a complex seasoning to the most suitable pepper, or even a ready-to-use consumer product.

In the United States, a new generation of science-based and standardized functional botanical ingredients are developing from edible plants for use in cosmetics and dietary supplements.

Key Takeaways from Market Study

• The botanical ingredients market sales are worth US$ 164.1 Bn in 2022.
• The botanical ingredients market is expected to expand at a CAGR of 7.3% through 2032.
• Global botanical ingredients demand is projected to grow year-on-year (Y-o-Y) growth of 7.0% in 2022.
• The botanical ingredients market is growing, with a notable boost towards the production to reach USD 331.9 Bn by 2032.
• Organic and natural raw materials, sustainable product sourcing, and improved cleaner label products are the influencing factors among consumers, which is driving sales of botanical ingredients across global markets.
• Demand for botanical ingredients grew at 6.6% CAGR between 2017 and 2021.
• Herbs & spices segment, liquid plant extract segment, and commercial chain segment of botanical ingredients are in heavy demand from the food and beverages industry, carrying a notable botanical ingredients market share.

“Botanical ingredients can be a benefit to any food, beverages, cosmetics, or pharmaceutical formulation depending on the product application, as manufacturers now have a huge opportunity to meet consumer demand, highlighting botanical ingredients and using plant-based options, while brands need to pair exotic botanical ingredients with familiar formulations to create reassuring yet unique products that consumers will surely want to try,” says a Future Market Insights analyst.

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Competitive Landscape

Key Botanical Ingredients Brands are focusing on sustainable and organic product developments, while extending the product portfolio with extensive research procedures and several modifications to capture more botanical ingredients market share in the global arena and to further boost the industry growth.

Archer Daniels Midland Company, International Flavors & Fragrances, Inc, Koninklijke DSM NV, Martin Bauer Group, and Bell Flavors & Fragrances are expected to be the top players in the botanical ingredients market.

• Kerry, an Ireland-based ingredients company, announced the debut of a new line of ingredients called Botanicals Collection ZERO,’ which includes a broad selection of alcohol-free botanical extracts specifically intended for no- or low-alcohol beverages. There are 50 goods in total in the product portfolio, including origins such as rosebud, juniper, chocolate, elderflower, cinnamon, turmeric, and more.
• Layn Natural Ingredients announced an increase in botanical extracts in August 2021, including citrus, apple, ginger, GallaChinensis, green coffee bean, grape seed, magnolia bark, green tea, pu’erh tea, pomegranate, Sophora japonica, and rosemary, all of which are non-GMO project certified. The entire line is centered on polyphenol-rich botanical extracts that provide extraordinary functional benefits in sports nutrition, nutritional supplements, and the food and beverage industry.

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Future Market Insights, in its new report, offers an impartial analysis of the global botanical ingredients market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Botanical Ingredients Market by Category

By Ingredient:

• Herbs & Spices
• Vegetables & Fruits
• Flowers
• Leaves
• Seeds & Nuts
• Barks & berries
• Bulbs & Roots
• Others

By Form:

• Dried Plants
• Liquid Plant Extract
• Oleoresins
• Others

By End User:

• Commercial Chains
• Residential Uses

By Application:

• Food & Beverages
• Nutraceuticals & Dietary Supplements
• Pet Care Industry
• Pharmaceuticals
• Cosmetics and Personal Care
• Commercial HouseholdsOthers

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Future Market Insights (ESOMAR certified 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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The aqua feed additives market is estimated to surpass US$ 1.6 billion in 2022, and is predicted to reach US$ 2.7 billion by 2032, with a CAGR of 5.5 percent from 2022 to 2032.

Some of the key factors driving the rise of the aqua feed additives market share are growing worries about receiving the right vitamin and mineral additives for aquatic animals.

As individuals become more aware of premixes, the demand for aqua feed additives has increased. As a result of the increased demand for mineral-rich aqua feed additives, companies are seeing an increase in sales of aqua feed additives.

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Increased understanding of bioavailability in these compounds is another important driver of the aqua feed additives market size. As a result, aquafeed additives manufacturers are increasing production of direct mineral supplements to suit end-user demand.

The trade of fish and aquaculture products plays a significant role in expanding fish consumption and building a global market for aqua feed additives by connecting various worldwide suppliers and manufacturers.

As adaptive pathogens can be infected by a variety of stress factors, including poor nutritional status, sales of aqua feed additive are on the rise.

Antibiotics are also used to treat diseases such as red pest disease, which drives up demand for aqua feed additives around the world.

The growing demand for high-protein diets is presenting excellent growth opportunities for the aqua feed additives market, particularly in emerging economies like Brazil, India, and China, where per capita income is rapidly rising, resulting in increased sales of aqua feed additives.

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Key Takeaways from the Aqua Feed Additives Market Study:

• The US is estimated to account for more than 60% of the North American market in 2022, due to the rising in seafood consumption.

• The aqua feed additives market in the United States is predicted to grow at a CAGR of 2.6 percent from 2016 to 2032, reaching a market size of US$ 0.1 billion.
• Due to a considerable availability of raw materials and the presence of large-scale companies, Egypt has a strong demand for aqua feed additives.
• According to FMI, the aqua feed additives market in India is worth US$ 1.4 billion and is predicted to grow at a CAGR of 7.2 percent through 2032.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.”- Lead Analyst at FMI.

Competition Landscape of Aqua Feed Additives Market

Key players operating in the global aqua feed additives market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies in aqua feed additives market are Cargill, Inc., NK Ingredients Pte. Ltd., Beneo GmbH, Dibaq A.S., Nutreco N.V., Evonik Industries, Biomar A/S, Growel Feeds, Coppens International B.V., Aker Biomarine and others.

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Recent Developments in Aqua Feed Additives Market:

• ADM purchased Neovia (formerly known as InVivo NSA) (France) in January 2019 for USD 1.82 billion (Euro 1.54 billion). This acquisition would give ADM a strong foundation on which to build future expansion.
• In November 2018, Cargill invested USD 70 million in Thailand to provide new technologies to the country’s aquaculture and poultry industries.
• In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired company’s global brand, Trouw Nutrition, would be used to market the acquired company.

Get Valuable Insights into Aqua feed additives Market 

FMI, in its new offering, provides an unbiased analysis of aqua feed additives presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

The study divulges compelling insights on the demand for aqua feed additives based on additives type (amino acids, vitamins, minerals, antibiotics, acidifiers, binders, antioxidants, prebiotics, palatants, and others), by species type (crustaceans, catfish, salmonids, carp, tilapia, mollusks, and mullet), by ingredient (corn, soybean, fish oil, peas, sunflower seed, others) across five major regions.

About the Food & Beverage Division at Future Market Insights

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

About FMI

Future Market Insights (ESOMAR certified 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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The global allura red AC market is set to witness growth at a CAGR of 6.01% to reach a market valuation of USD 245 Million by 2032.

The demand for food colourants in the food and beverage industry is driving the global allura red AC market. The global allura red AC market is growing because of the rising demand for ice creams, sausages, candies, cold drinks, dairy goods, sugar confectionery, bakery items, flour confectionery, frozen products, and gelatine desserts, among other things.

Additionally, the sales of allura red AC are growing due to decreasing synthetic colour prices. Further, the accessibility with which raw materials may be obtained is a boon to the overall expansion of the allura red AC industry.

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The allura red AC market is dominated by the US and China, who together contribute to more than 35% of the market. As per the allura red AC market analysis, an increase in disposable income in regions such as the Asia Pacific, the Middle East, Latin America, and Africa has made it easier for customers to consume more ready-to-eat packaged food products propelling the usage of red food colorants.

The allura red AC market around the world is impelled by the highly growing demand for unique-looking food dishes, innovative altering tastes, and food appeal preferences. This trend has been pushed further due to the advent of social media engagement among the populations worldwide.

Stringent regulation, competition from natural food colorants, and misperceptions about allura red AC among consumers remain a key restraints to the allura red AC market.

In terms of the adoption of allura red AC products, China has the largest proportion of the global market. In the APEJ region, the allura red AC market is predicted to rise at a significant rate.

In European nations such as Denmark, Belgium, France, and Switzerland, the adoption of allura red AC is prohibited. The FDA has approved allura red AC for use in cosmetics, medicines, and food in the United States. Because of the scarcity of raw materials in MEA, the global adoption of allura red AC food colourants is lower than in other parts of the world.

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Key Takeaways from Market Study

• Allura red AC dyes exhibited a sale of about 18,000 metric tons in 2021 and the market assessment suggests that the demand for allura red AC colorants sector is expected to be at approximately 34,000 metric tons by 2032.
• In Europe, the Middle East, Africa, and India which is profiled as the EMEAI region, the demand for allura red AC food colors is expected to grow at 5.7% CAGR between 2022 and 2032.
• The North American allura red AC market is expected to register a 5.2% CAGR between the assessment period of 2022 and 2032. This is lower than the average food colors industry because of the rising inclination in the region towards natural food colors.
• The carbonated drinks, breakfast cereals, compound coatings, fruit fillings, and alcoholic drinks sub-are the leading food and beverage applications in the allura red AC market.
• The Seasonings industry for allura red AC consumptions has been ballooning in the recent past and there has been good traction from this industry for synthetic food colors. The seasonings’ consumption of allura red AC is expected to register a CAGR of 6.3%.

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“Companies dealing in Allura Red AC food colorants would gain significantly by targeting the subsegments like soups, sauces, and seasonings. Synthetic food colours are still the go-to choices for newer food processing units due to their affordability and accessibility. Exploring developing economies and establishing strategic alliances with global food and beverage brands would immensely help Allura Red AC food colorant brands,” says a Future Market Insights analyst.

Competitive Landscape

Allura red AC companies have been modifying the product to attract end-user industries and consumers. It is primarily available in granulated red, brown powder form but is also converted into an aluminum lake. Manufacturers are consistently looking to diversify allura red AC into various other convenient forms like gel and pastes.

Allura red AC manufacturers are also diversifying towards various other food industry applications like pet foods and edible cosmetics by the means of acquisition and collaboration.

Frequently Asked Questions

• How big is the Allura Red AC Food Colorant Market?
• How Much Does Pet food Industry Contribute to Allura Red AC Market?
• What is the Chinese Allura Red AC Market Outlook?
• At what rate will the market grow in Japan?

About FMI

Future Market Insights (ESOMAR certified 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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The global drinkable yogurt market is expected to reach a valuation of USD 50 Bn by the end of 2022, accelerating with a CAGR of 6.5% by 2022-2032, to reach a value of USD 94 Bn by 2032.

Yogurt is a dairy product that is formed by the fermentation of milk using bacteria known as Streptococcus thermophilus. Probiotics have represented itself as revolutionary trends in the food and beverage industry. Probiotics are a type of healthy bacteria that benefits the gut system. Probiotics products help in regulating the digestive system and decrease gas, diarrhea, constipation, bloating and several other health problems. Drinkable Yogurt is also high in probiotics.

Drinkable yogurt is a probiotics product so, this has great importance in gut health maintenance, and increasing the metabolism. Drinkable yogurt is a kind of processed spoonable yogurt, with added high and balanced nutrient value such as yogurt is a good source of protein, calcium, potassium, phosphorus, iodine, zinc, pantothenic acid-vitamin B5, vitamin B12, riboflavin-vitamin B2, and molybdenum as compare to spoonable yogurt. Nowadays, there is a trend of using drinkable yogurt at high priority as breakfast and meal in a developed country like the U.S.A in comparison to developing countries like India, China, Japan, etc.

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The Increase in Awareness Drives the Demand for Drinkable Yogurt Market

The increased frequency of overweight and obese people is anticipated to serve drinkable yogurt as one of the major drivers. Drinkable yogurt has been characterized under the Calcium and phosphorus enriched product help in bone strengthening, proteins and vitamins have a specific role in our body and molybdenum acts as toxicity removal from the body. Health awareness and diet consciousness among the people have driven the demand of the drinkable yogurt market.

The increase in awareness about health has brought a change in the perception of the consumers. According to the Agricultural Marketing Resource Center (AgMRC), yogurt production in 2017 totaled 4.5 billion pounds at 170 processing plants. The recognition of probiotics as health benefits has encouraged the higher consumption of yogurt and the incorporation of yogurt into many more food products. The consumers are trying to include drinkable yogurt in their diet to maintain a healthy lifestyle. The changing food consumption habits, busy lifestyle, increase in disposable income, increase in urbanization, an increase in health awareness among the people and diet following strategies are estimated to have a positive impact on the Drinkable Yogurt market. So, these above-mentioned factors are understood as the drivers of the drinkable yogurt market.

Drinkable Yogurt Market: Regional Analysis

The remarkable growth of the drinkable yogurt market in developed countries of North America has proven the leading revenue generating asset in the arena of food and beverage industries.  Growing healthcare awareness and diet consciousness program by the local government body in developing region like Asia-Pacific and African region has a great impact on healthy lives. So, it will bring the opportunity for a drinkable yogurt market on a large scale in such regions. Considering the Asian Pacific as a densely populated region and responsive public demand will also be one of the reasons for the increasing production as well as the consumption of drinkable yogurt market. The nutritional diet consciousness anticipates the growth of the drinkable yogurt market in the Asian-pacific region.

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Drinkable Yogurt Market: Key Participants

• Ultima Foods Inc,
• Chobani Inc.,
• NESTLÉ SA,
• General Mills,
• Danone Groupe SA,
• Kraft Foods Group Inc,
• Sodiaal S.A,
• Yakult Honsha Co. Ltd,
• Cocoberry Restaurants and Distributors Private Limited,
• Red Mango, LLC,
• Parag Milk Foods Limited processes,
• Kiwikiss, LLC,
• Gujarat Cooperative Milk Marketing Federation Ltd,
• Danone SA,
• Britannia Industries Ltd,
• Mother Dairy Fruit & Vegetable Pvt Ltd. (Mother Dairy Foods Processing Limited),
• DANA Dairy Group LTD

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Drinkable Yogurt Market by Category

By Category, Drinkable Yogurt Drinks Market is Segmented as:

• Dairy-based yogurt
• Non-dairy based yogurt

By Type, Drinkable Yogurt Drinks Market is Segmented as:

• Plain Yogurt
• Drinkable Yogurt

By Sales Channel, Drinkable Yogurt Market is Segmented as:

• Offline Sales Channel
• Supermarkets/Hypermarkets
• Departmental Stores
• Convenience Store
• Other Sales Channel
• Online Sales Channel
• Company Website
• E-commerce Platform

About FMI

Future Market Insights (ESOMAR certified 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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