Market Research Blog

In 2023, the global casein market was worth US$ 2.7 billion. The market is predicted to increase at a CAGR of 6.3% from 2023 to 2033, reaching a value of US$ 4.9 billion by 2033.

Increasing industrial adoption of casein is driving casein market expansion over the forecast period. The growing relevance of protein in the diet is expected to boost casein market growth.

The growing global demand for protein-enriched foods is expected to drive casein market growth. This is due to increased awareness of the benefits of protein, such as weight loss and muscle gain.

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Caseins are also becoming more popular in general nutrition due to their great ability to release amino acids gradually. Rising global cheese demand is expected to accelerate the expansion of the casein markets.

Price Hikes for Raw Materials May Hamper Market Growth

Consumer preferences for plant-based protein over dairy-based protein are likely to limit the market growth of caseins.  Another key restraining factor for the casein market is the variable supply of the product around the world, which is expected to further impede market expansion for casein.

Increasing manufacturing costs and raw material prices for the production of casein are expected to impede market expansion for casein during the forecast period.

Asia Pacific is Projected to Offer the Largest Casein Market Opportunity

The casein market is being driven by rising disposable incomes and increased consumer health consciousness. The market may benefit from the expansion of big firms in important emerging economies. In the Asia Pacific region, India and China give significant growth potential for the industry’s leading producers.

The two countries’ rising populations are assisting industry expansion in the Asia Pacific area, particularly in the pharmaceutical and food & beverage sectors. The Asia Pacific region’s robust expansion is projected to have a beneficial impact on the global casein market.

The increasing number of R&D activities conducted by corporations and expanding developments in the industry are projected to move the industry forward.

Key Takeaways

• Through 2033, the flavouring agent market is expected to grow at a function-type CAGR of 6.2%.
• In terms of end use over the forecast period, the market segment for food processing has the highest CAGR of 6.1%.
• By 2033, the United States market for casein may have climbed by 5.2% CAGR, reaching US$ 1.5 Bn.
• The United Kingdom market may have expanded at 5.5% CAGR by 2033, reaching US$ 228.5 Mn.
• China market might have developed at a 7.3% CAGR by 2033, expected to reach US$ 421.2 billion.
• Japanese market for casein is predicted to grow at a 5.7% CAGR by 2033, reaching US$ 355.8 billion.
• South Korean market for casein is expected to expand at a 6.7% CAGR by 2033, reaching US$ 198.5 billion.

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Competitive Landscape

Acquisitions and partnerships and collaborations were among the inorganic growth tactics observed in the market. With the increasing demand for casein in global market, market players are expected to benefit from attractive growth prospects in the future.

Nestlé, Danone, Arla Foods, Groupe Lactalis, Friesland Campina, Fonterra, and Westland Milk Products are among the market’s significant participants.

Recent Developments

• Fonterra

The firm opened its new dairy ingredient plant in Heerenveen, the Netherlands, in February 2015. This new facility will manufacture whey and lactose specialty ingredients for use in paediatric, maternity, and sports nutrition products.

• Saputo

In May 2015, the company bought Lion-Dairy & Drinks Pty Ltd.’s daily cheese business in Australia. Warrnambool Cheese and Butter Factory Company Holdings Limited, the company’s Australian affiliate, made the purchase (WCB). This acquisition will assist WCB in expanding its foothold in the Australian cheese products market.

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Given Below are the Casein Market Segments

By Derivatives Type:

• Sodium Caseinate
• Calcium Caseinate
• Potassium Caseinate

By End-Use:

• Food
• Yogurt
• Cheese Processing
• Ready-to-eat Meals
• Dairy Products
• Coffee Whiteners
• Confectionary
• Sauce & Seasoning
• Meat Processing (Sausage)
• Meat Products
• Beverage
• Pharmaceuticals
• Infant Nutrition
• Clinical Nutrition
• Sports Nutrition
• Personal Care
• Skin Care
• Hair Care
• Cosmetics
• Agriculture/Animal Feed/Poultry
• Other Industries

By Function Types:

• Texturizing Agent
• Flavoring Agent
• Coating Agent
• Binding Agent
• Emulsifying Agent
• Heat Stabilizing Agent

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Read More TOC

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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According to Future Market Insights (FMI), the spice oils and oleoresins market may reach an overall valuation that is expected to surpass US$ 1,674.40 million in 2023. The market is expected to record a CAGR of 7.9% between 2023 and 2033. By 2033, the market is estimated to reach a valuation of US$ 3,567.2 million.

Significant Aspects Driving the Growth of the Market:

• Oleoresins are used to create aromas, fragrances, and various cosmetic items. They are ideal for creating hair loss lotion, cologne, perfumes, and other cosmetics due to their consistency, texture, and fragrances.
• They have multiple uses as they are considered anti-inflammatory, antioxidant, and used for treating cancer. Hence they are utilized in the pharmaceutical sector as a component of medications, medicinal soaps, and other products. Thus, these factors are expected to drive the growth of the market for cosmetics and medicines.
• Analgesic properties of chili oleoresins help in the reduction of free radicals in the body thus making them useful in medicinal applications. Over the course of the projection period, the market is projected to be driven by all these important aspects.
• The expanding consumption of organic foods and beverages has raised the need for organic spices, such as natural spice oils, oleoresins products, etc. The spice oils market and the oleoresins market are expected to experience significant growth in the coming years.
• Sales of plant-based snacks, dips, spreads, sauces, creamers, cheese, and other foods and beverages are rising as consumers prefer the taste of spice oil as well as they are also interested in clean-label and vegan products. Thus, creating multiple prospects for the market.

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Key Takeaways from Market Study

• The spice oils and oleoresins market is expected to reach an overall valuation of US$ 1,674.40 million in 2023.

• The spice oil and oleoresin market in Germany is expected to record a CAGR of 7%
• The spice oil and oleoresin market in China is expected to reach a valuation of US$ 567.18 million by 2033. The market is expected to record a CAGR of 7% over the forecast period.
• The spice oil and oleoresin market in Spain is expected to record a CAGR of 5.4%

Competitive Landscape:

Companies look for inorganic growth strategies, such as alliances, global expansion, and mergers and acquisitions, in order to maintain a competitive position in the market. Major players in the global spice oil and oleoresin market are concentrating on launching cutting-edge goods that meet the needs of consumers in order to increase their operational presence in various regions of the world.

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Some of the Key Players in the Spice Oil and Oleoresin are:

• Young Living Essential Oils Ltd.
• Reckitt Benckiser Group Plc (RB)
• Symrise AG
• Givaduan AG
• Greenleaf Extractions Pvt. Ltd.
• Indian Spice Oil Industries
• Synthite Industries Ltd.
• Universal Oleoresins Pvt. Ltd.

Recent Developments:

• The well-known Dutch oil company Ultra International B.V. operates in important regions and has offices in Singapore, the United States, Australia, India, and the Middle East. The company uses medicinal plants including eucalyptus, coriander, cumin, and cloves to create various kinds of oils.
• A well-known producer of essential oils, DoTERRA International LLC, entered the South American market in September 2019. The company produced therapeutic essential oils using oleoresin. This innovation has made the best medicinal oils that are easily accessible to customers in South America.

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Key Segments

Product Type:

• Spice Oils
• Oleoresins

Distribution Channel:

• B2B/Direct
• B2C/Indirect

Nature:

• Organic
• Conventional

Application:

• Food & Beverages
• Bakery & Confectionery
• Beverages
• Dressings & Condiments
• Sauces, Spreads & Soups
• Cosmetics and Personal Care
• Skin Care
• Hair Care
• Toiletries.
• Aromatherapy
• Pharmaceuticals
• Household
• Dietary Supplements
• Foodservice
• Industrial

Region:

• North America (United States & Canada)
• Latin America (Mexico, Brazil, Peru, Argentina & Rest of Latin America)
• Europe (EU-4, BENELUX, Nordic Countries, Russia, Poland & Rest of Europe)
• South Asia (India, Thailand, Indonesia, Malaysia, and Rest of South Asia)
• East Asia (China, Japan & South Korea)
• Oceania (Australia & New Zealand)
• Middle East & Africa (GCC, Northern Africa, South Africa & Rest of MEA)

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The yellow pea protein market is predicted to capture a valuation of US$ 3.3 billion in 2023 and is projected to rise to US$ 11.5 billion by 2033. As per the FMI report, the market is likely to register a CAGR of 14.4% during the forecast period.

Food & beverage manufacturers are developing nutrition supplements by increasing the adoption of yellow pea protein, such as energy drinks and smoothies. The rising consumer demand for vegan, high-fiber, clean-label, and non-toxic food products is surging market growth. In addition, growing awareness related to health and rising cardiovascular diseases is rapidly increasing yellow pea protein nutrition.

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Increasing disposable income, urbanization, population, and changing eating habits fuel market opportunities. Manufacturers are developing food & beverage products by adopting advanced technology and adding natural ingredients. In addition to that, it enhanced the shelf-life of food and improved quality by adding vegan ingredients surging the product demand globally. Growing consumer demand for food items such as plant-based milk, vegan burger, milkshakes, and supplements drive the yellow pea protein market.

Social media influencers, athletes, and famous personalities promote top companies’ brands to make people aware customers of healthy diets. The yellow pea protein is the better alternative source that reduces weight and cholesterol and promotes a healthy heart. However, people cannot maintain their healthy lifestyles due to hectic lifestyles. Therefore, plant-based protein producers develop packed supplements to provide proper healthy nutrition to their consumers.

High Cost of Yellow Pea Protein Limits the Market Growth

The market is promoting a healthy lifestyle by increasing the production of plant-based products. However, key manufacturers faced certain roadblocks that declined the market growth, which included the increasing cost of yellow pea protein supplements and Isolates restraining the market growth.

The low availability of plant-based raw materials and alternate substitutes limits the market growth. Moreover, a few consumers suffer from lactose intolerance hinders the market.

Key Takeaways:

• The yellow pea protein market is expected to have a valuation of US$ 11.5 billion by 2033.
• With a CAGR of 14.4%, the global market is increasing during the forecast period.
• The market in the United States is anticipated to capture a CAGR of 8.9% through 2033.
• With a CAGR of 11.6%, the United Kingdom yellow pea protein market significantly uplifts during the forecast period.
• German market is expected to secure a CAGR of 9.8% over the forecast period.
• China market is capturing a CAGR of 13.2% by 2033.

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Who is Winning?

The key players play a vital role in the global market by capturing maximum revenue by investing their amount in research and development activities. In addition, these players are focusing on developing better quality products per consumers’ requirements.

The prominent players innovate plant-based products to promote a healthy lifestyle by adopting several marketing methodologies. Marketing strategies adopted by these players are collaborations, mergers, partnerships, product launches, and acquisitions.

Other Prominent Players in the Market are:

• Cargill Inc.
• DuPont de Nemours, Inc.
• The Scoular Company
• Axiom Foods, Inc.
• Glanbia Ple
• Roquette Frères
• Kerry Group PLC
• Bata Food
• Shandong ianyan Group
• The Green Lab LLC
• Puris Proteins LLC
• Burcon NutraScience Corporation
• Cosucra Groupe Warcoing S.A.

Recent Developments in the Market are:

• In 2018, Axiom Foods announced its new distributor Univar Solutions, to supply goods & services of plant-based ingredients.
• In 2021, Puris Proteins LLC announced a newly launched plant for manufacturing yellow pea protein to upsurge its business in the United States.
• In February 2018, DuPont de Nemours Inc announced its launch of BAIC (Bay Area Innovation Center) to upsurge agricultural biotechnology and technological development.

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Yellow Pea Protein Market by Category

By Product Type:

• Protein Concentrates
• Protein Isolates
• Textured Protein
• Hydrolyzed Protein

Processing Type:

• Dry Processing
• Wet Processing

End Use:

• Food Processing
  • Meat Alternatives
  • Bakery Products
  • Confectionery
  • Snacks & Cereals
  • Meat-based Products
  • Functional Beverages
  • Others
• Animal Feed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition
• Cosmetic & Personal Care

By Region:

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

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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The lupin protein market is expected to grow at a CAGR of 4.9% during the period 2023-2033. The market is expected to hit a valuation of US$ 159.7 million by 2033. As of 2023, the market is valued at US$ 98.8 million.

The presence of amino acids makes the lupin protein one of the healthiest consumables. Apart from that, being a rich source of protein also makes it quite popular amongst health-conscious people. Moreover, these are rich in fiber as well, which makes them a popular ingredient amongst those who are into weight loss.

Furthermore, an increase in the adoption of veganism and vegetarianism has led to increased consumption of plant-based products. Consequently, people have started adopting lupin protein products in order to make up for protein deficiency. This is might surge the demand for lupin protein products during the forecast period.

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Over the past few years, the demand for clean-label products has sky-rocketed. This is owing to the rising consumer awareness regarding consuming genuine products. Lupine protein products generally come with clean labels, which represents a huge scope for the market.

Apart from that, the adoption of lupin protein products ensures that not much environmental degradation is done. In the first place, it eliminates the cases pertaining to animal slaughter for fulfilling nutritional requirements, which leads to carbon emissions. Secondly, the lupin seeds can be grown on fairly fertile soil. All these factors indicate that not much amount needs to be invested.

Of late, there has been an increasing demand for gluten-free products, which can be attributed to the side effects associated with gluten consumption. Lupin protein products have proved to be healthy alternatives for gluten products, which showcases a myriad of opportunities for the market.

However, there have been a few cases of side effects that have been linked to the consumption of lupin products. This might hamper the market growth during the forecast period.

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Thus, the FMI researchers are of the view that, “the ability to provide requisite levels of protein and fiber, coupled with the increase in the number of vegans and vegetarians, and a plenty of other factors are expected to surge the lupine protein market share during the forecast period.”

Key Takeaways:

• The lupin protein market is projected to grow at a CAGR of 4.9% during the forecast period.
• The market is valued at US$ 98.8 million in 2023.
• The market is expected to reach a valuation of US$ 159.7 million by 2033.
• As per the regional analysis, Europe is expected to be the largest market during the forecast period.
• USA lupin protein market is expected to advance at a CAGR of 6.5%.
• UK market is projected to grow at a CAGR of 2.6%.
• China market is anticipated to surge at a CAGR of 6.4%.
• Japan lupin protein market is projected to grow at a CAGR of 3.6%.
• South Korea market is expected to grow at a CAGR of 4.9%.
• Based on product type, the protein isolates segment is expected to hold the largest market share, and is anticipated to grow at a CAGR of 4.6%.
• Based on nature, the conventional segment is projected to hold the largest market share, and is expected to grow at a CAGR of 4.2%.

Competitive Landscape

The key players operating in the market are investing massive amounts in the technological upgradation. The intention is to scale up the production at a time when the demand for lupine protein-based products is surging. Apart from that, there are also massive investments being made on the R&D aspect of the business.

In October 2022, Barentz International acquired Viachem, which is a specialty distributor of life science ingredients and speciality chemicals.

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Lupin Protein Market Segmentation

By Product Type:

• Protein Isolates,
• Protein Concentrates,
• Flour,
• Other Product Types

By Nature:

• Organic,
• Conventional

By End Use:

• Food Processing (Bakery & Confectionary, Dairy Replacements, Functional Foods, Infant Foods, Meat Alternatives, Other Food Applications),
• Animal Feed (Cattle, Poultry, Swine, Pet Food, Aquafeed),
• Nutraceuticals,
• Sports Nutrition,
• Infant Nutrition

By Processing Type:

• Dry Processing,
• Wet Processing

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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.

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
Browse Other Reports: https://www.futuremarketinsights.com/reports
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The Global Lentil Protein Market is expected to reach a market valuation of USD 123.4 Mn by the year 2032, accelerating with a CAGR of 4.9% by 2022 to 2032. Lentil Protein Isolate sales are likely to account for ~28% of the demand in the Global Lentil Protein Market, valued at USD 191.2 Mn in 2032.

New opportunities for lentil protein-based food products have arisen due to an increase in demand for allergen-free ingredients, supported by both environmental and nutritional concerns.

The global demand for plant-based protein in formulated foods is growing significantly and the trend is unlikely to settle down in the near future. Therefore, as a result of changing consumer preference the sales of allergen-free nutrition products will continue increasing across the globe.

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These reasons include personal health, animal welfare, and environmental concerns. There has been a 600% rise in individuals recognizing themselves as vegan in the U.S., which indicates veganism is rising rapidly in the country. An increasing number of consumers are opting for a vegetarian or vegan diet to follow healthy lifestyles.

Consumers are becoming more conscious about their food habits, which is compelling food producers to include plant-based ingredients to appeal to the health-conscious consumers across the world. Targeting vegetarian or vegan consumers has become a popular trend, which is resulting in increased production of plant-based lentil protein.

Protein fortification helps in improving the nutritive profile of everyday food products giving them high-protein label. Consumer preference for protein-rich products is rising because of the increasing incidence of lifestyle-related diseases and weight management. This will augur well for the market, creating scope for its expansion.

Bakery and snack products containing vegetable protein is gaining popularity across the globe. Therefore, some of the key players in these sectors are increasing the use of lentil protein to increase the nutritional properties of bakery and snack products.

FMI’s report provides an exhaustive overview of the lentil protein market. It covers prevailing trends, growth drivers, opportunities, and potential restraints. The effect of numerous strategies adopted by the key players is studied as well in detail in the report.

It includes in-depth insights into the lentil protein market. Some of these are:

The estimated value of the lentil protein market was at US$ 84.2 Mn in 2020. The rising awareness regarding health and wellness and animal well-being is Enabling growth in the market The sale of ready to cook food products is rising as millennials find it is easy and convenient to cook. The use of lentil protein is rising in ready to eat products to offer better quality and nutritive profile to consumers The North America market is expected to dominate the lentil protein market and anticipated to grow with CAGR ~7% in the forecast period Due to the COVID-19 pandemic, the consumption of animal-based products is decreasing and plant-based products are rising which will enable growth in the lentil protein market

“Rising awareness regarding health and wellness has impelled consumer to opt for gluten-free, non-GMO, organic and natural food products. This has in turn improved scope for application of lentil protein across food companies,” said a lead analyst at FMI.

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Increasing Consumer Interest in Gluten-Free Food Products Driving the Lentil Protein Market

Lentil is gaining more traction, particularly because lentil-derived ingredients are considered good alternatives for grain-based flour and are often used in gluten-free products.

Avoiding gluttonous food is one of the most well-known dietary trends in the U.S. More than 100 million people in the U.S. consume gluten-free products, most of these individuals do not even have celiac disease.

As a result of increasing awareness regarding the benefits of gluten-free food, consumers are likely to showcase higher demand for products containing plant-based ingredient. This will bode well for the lentil protein market.

Who is Winning?

Some of the key players operating in the lentil protein market are Archer Daniels Midland Company, Cargill Inc., Parabel USA Inc., AGT Food and Ingredients, Biorefinery Solutions, Ingredion Inc., BI Nutraceuticals, Inc., Vestkorn Milling AS, Henry Broch Foods, AMCO Proteins, GEMEF Industries, and other players.

Key players are focusing on expanding product offerings and production capacity of plant-based protein ingredients by a joint venture, acquisition, and mergers.

In March 2020, ADM expanded its production of non-GMO soy protein concentrate in the Netherlands. The aim behind the production expansion was to strengthen the production capacity of plant-based ingredients In January 2018, Cargill entered into a joint venture with PURIS. The Cargill invested US$ 25 Mn to add substantial capacity at the Turtle Lake, Wis. production facility. The aim behind the joint venture was to expand the geographical presence and product portfolio of protein ingredients.

Key Segment

By Product Type

• Protein Isolates
• Protein Concentrates
• Flour
• Other Product Types

By Nature?

• Organic
• Conventional

By End Use

• Food Processing
  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacements
  • Infant Foods
  • Other Food Applications
• Animal Feed
  • Livestock
    • Cattle
    • Swine
    • Poultry
  • Pet Food
  • Aquafeed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition

By Processing Type

• Dry Processing
• Wet Processing

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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Lentil Protein Market Outlook & Key Findings

• Future Market Insights (FMI) forecasts the global lentil protein market to expand at a CAGR of 4.9% over the forecast period (2022-2032)
• Application of lentil protein is rising among food, sports nutrition, nutraceutical, and infant formula products
• Dry processing accounts for more than 65% of the market in 2020, owing to its myriad applications over wet processing
• As of 2020, lentil protein isolates hold over 45% volume share against other product types

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.

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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Veterinary Glucometers Market is expected to expand at a 5.1% CAGR through 2032. The worldwide veterinary glucometers market is presently valued at US$ 336.2 Million in 2022 and is expected to exceed US$ 579.4 Million by 2032.

Emerging Trends in the veterinary glucometers market suggest the growing cases of animal diabetes along with glucometers efficiency, which is specially used for dogs and cats, is anticipated to boost the demand for veterinary glucometers through 2032. New portable devices by key players are establishing new standards and manufacturing trends for the market.

Expanding veterinary glucometer market size is attributed to its easy-to-use glucose test in practice in the field or at home. It is based on biosensors and auto-code technology. These veterinary glucometers have an additional bell or whistle and have the ability to upload readings in an electronic format after performing the test. These are some of the primary factors boosting the demand for veterinary glucometers.

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What are the Major Drivers and Restraints of the Veterinary Glucometers Market?

The global market of veterinary glucometers is expected to be driven by advancements in technology. The market is expected to grow by some factors such as clients expecting a higher level of care and nominally invasive procedures for their pets which propositionally boost the sales of veterinary glucometers.

Based on animal type, it is the major segment of the veterinary glucometer market which includes companion animals such as dogs and cats. The other segment of the veterinary glucometers market is based on end-users which includes veterinary hospitals, veterinary clinics, and home care settings.

Veterinary Glucometers Market is Boosted by Rising Pet Obesity Rates

Obesity is the main risk factor for developing diabetes. The main element influencing the adoption of veterinary glucometers is thought to be the rise in the number of obese dogs. Approximately 35% of pets, according to statistics from the American Veterinary Medical Association, are obese or overweight. Diabetes and liver disease are two conditions that can develop in overweight animals. If untreated, these disorders could be lethal. Therefore, during the projection period, key players are likely to witness a considerable increase in sales of veterinary glucometers due to the rising incidence of obese pet populations that are at a greater risk of getting diabetes.

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Additionally, increased awareness of animal health presents a profitable opportunity for the manufacturers in the veterinary glucometers market. In addition, factors like an increase in the prevalence of diabetes in animals and a rise in the demand for livestock products also contribute to the veterinary glucometers market growth. However, the veterinary glucometers market growth is constrained by the absence of veterinary infrastructure facilities in poor countries.

Animal Blood Glucose Meters are devices used to measure the blood glucose levels of animals. These devices work in a similar way to human glucometers, using a small amount of blood to determine the glucose concentration in the blood.

Regional Analysis

What is the North America Growth Outlook for the Veterinary Glucometers Market?

North America is expected to lead the market with better healthcare facilities and growing advancing technology in the region. North American market holds a significant share in the veterinary glucometers market with 42% of the global market share. The rising demand for veterinary glucometers is mainly rising in the North American region due to the changing lifestyle of pets and animals, especially native lifestyle being the biggest problem.

How is Europe Performing in the Veterinary Glucometers Market?

With a global market share of 33%, the European veterinary glucometers market grows at a steady CAGR for veterinary glucometers. The second largest market is held by Europe market followed by Asia pacific due to increasing awareness for veterinary diseases. The veterinary glucometers market in this region is anticipated to be one of the fastest growing markets due to a large number of animal populations and rising diseases amongst animals due to inactive lifestyles and poor management.

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Recent mergers and product launches

• Pro zinc (protamine zinc recombinant human insulin) was introduced by Boehringer Ingelheim International GmbH in August 2020 as a daily single-dose medication for dogs with diabetes.
• In August 2019, Zoetis said that partner firms Merck Animal Health and Purina continue to support its Diabetes Pet Care Alliance initiative.
• Nova Biomedical introduced Ketone/Glucose Meter known as Nova Vet under its Nova biomedical section that measures blood beta-hydroxybutyrate (BHB) that gives the results in just 10 seconds. These fuels the sales of veterinary glucometers.
• TaiDoc Technology Corporation has added new modern vet glucose monitoring machines that have a reaction time of 5 seconds with a memory of 400 sets. These fuels the sales of veterinary glucometers.

Key players

• Nova Biomedical
• TaiDoc Technology Corporation
• BioNote Inc
• Woodley Equipment Company Ltd
• i-SENS. Inc.
• MED TRUST
• UltiMed, Inc.
• Biotest Medical Corp

Key segments

By Animal Type:

• Dogs
• Cats

By End User:

• Veterinary Hospitals
• Veterinary Clinics
• Homecare Settings

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