Market Research Blog

In the present year 2023, the global vegan fish sauce market size is valued at US$ 598.6 Mn as per the survey conducted by the FMI. Further, the market is expected to register a CAGR of % between 2023 and 2033 as per the market analysis by experts. Ultimately the total sales of vegan fish sauce in the international market are projected to reach US$ 146.5 Mn by 2033.

Nowadays, animal slaughter and its negative impact on the environment are getting more broadly acknowledged by citizens of all major economies. So adoption of any type of meat replacement as well as alternative condiments is projected to drive the sales of vegan fish sauce in the contemporary market.

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Furthermore, greater acceptance of vegan goods among millennial has also aided in market expansion. To entice prospective customers and deliver unique experiences to their consumers, many kinds and variations of vegan fish sauce are released by the market competitors recently.

Key Takeaways from the Vegan Fish Sauce Market Study

• Through the sales of vegan fish sauce throughout the preceding year 2022, the United States market generated revenue to be worth roughly US$ 17.8 Mn. According to the market study report, the US market accounts for about 28.5% of total vegan fish sauce sales worldwide.
• Germany is the next most important market for vegan fish sauce, accounting for almost 16.5% of total sales. It is also the main market inside the European Union for vegan fish sauce substitutes, with an annual revenue of 10.3 Mn in 2022.
• In contrast, the Uk is the fastest developing nation when it comes to embracing the vegan version of fish sauce, with a 9.9% annual growth rate through 2033. This remarkable growth rate is expected to increase the UK’s vegan fish sauce market share from US$ 5.7 Mn in 2023 to US$ 16 Mn by 2033.
• Japan seems to be the primary marketplace in the Asia Pacific region for the cultivation and distribution of a variety of plant-based protein food items. According to the market survey data for 2022, the overall sales of vegan fish sauce in Japan reached a staggering 3.2 Mn.
• Surprisingly, India is the better-performing country in terms of the increasing popularity of all forms of plant-based protein alternatives. According to the market analysis, the Indian market for fish sauce vegan alternatives is expected to develop at a CAGR of 8.9% through 2033.

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• Lately, Australia has become well-known among international market participants for incorporating a variety of plant-based protein alternatives into their daily diets. It earned total earnings of US$ 1.7 Mn in 2022, accounting for around 2.8% of the said global market.
• Depending on the many technologies for the production of vegan fish sauce utilized by suppliers today, the traditional method is the dominant sector, accounting for over 45.6% of the total production.

Competitive Landscape for the Vegan Fish Sauce Market Players

Follow Your Heart, Primal Kitchens, Sir Kingstons, The Vegan Mayo Co., Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Ripple Foods Inc, Vegenaise., Impossible Foods Inc., Eat Just, Inc., Beyond Meat, Inc., Amy’s Kitchen, Tofutti Brands Inc., and Earth’s Own Food Company Inc. are some of the major players in the global vegan fish sauce market.

Although there is tremendous leeway in the vegan fish sauce market for plant-based protein and condiment producers, many lack the essential manufacturing capacity to capitalize on this market potential. For instance, Target, which is a US retail giant, confirmed the establishment of its new subsidiary called ‘Good & Gather Plant-Based’ in May 2021. Under this brand, the business intends to introduce 30 new plant-based protein food products and condiments.

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Key Segments

By Source:

• Soy
• Almond
• Wheat
• Others

By Distribution Channel:

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Platforms
• Others

By End User:

• Packaged Food Industries
• Hotels and Restaurants
• Retail Food Shops
• Domestic Consumers
• Others

The horse corral panels market is predicted to be worth US$ 283 million in 2023, and rise to US$ 488 million by 2033. Demand is expected to increase at a CAGR of 5.6% over the course of the projected period.

More need for horse safety, more opportunities to ride horses, and increased interest in recreational activities are driving the market for horse corral panels. Horse corral panels have grown in favor among owners and trainers due to their ability to safely confine and separate horses from one another.

The market has benefited from the advent of several new materials, including plastic and aluminum, which have increased the panels’ robustness and affordability. The key growth factors of horse corral panels include the expansion of the commercial sector and a strong demand for long-lasting fence options.

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Horse corral panels are in high demand in the commercial sector due to their many applications as fencing, containment, and training tools. Due to the rise in horse ownership and the acceptance of equine sports, horse corral panels are becoming more widely used in the commercial sector. The introduction of innovative materials and designs is expected to further fuel the market share.

Key Takeaways

• In 2022, the US rules the horse corral panels market, with a share of 28.8%.
• The market for horse corral panels increased at a 5% CAGR between 2016 and 2022, citing FMI’s study.
• The expansion in China is anticipated to expand at an adequate CAGR of 4.5% by 2033. China’s market is likely to generate a share of US$ 42.8 million by 2033.
• Japan’s market share for horse corral panels is 4.8% in 2022 due to the growing poultry sector.
• Between 2023 and 2033, the horse corral panels market is likely to increase in India at 6.6% CAGR, respectively.
• The expansion in the UK is anticipated to expand at an adequate CAGR of 6% by 2033. The UK’s market is expected to generate a share of US$ 44.6 million by 2033.
• Germany’s market share for horse corral panels is 15.7%, with the worth of US$ 42.8 million in 2022.
• According to the American Veterinary Medical Association, there were 64% fewer horse-related injuries and fatalities between 2009 and 2018.
• While there were 63 percent fewer non-fatal incidents involving horses, there were 67 percent fewer fatal accidents involving horses.

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Key Strategies by Horse Corral Panels Manufacturers

Companies competing for customers in the industry are offering cutting-edge products, such as panels with greater strength and durability, customized designs, and contemporary materials. Businesses are also significantly increasing their investments in R&D to keep ahead of the competition.

Recent Developments:

• HorseGuard offers a range of horse corral panels and accessories. Their panels have a surface that won’t corrode and a sturdy galvanized steel frame. With the range of included accessories, one may customize the corral to suit their needs by adding gates, panels, and feeders.
• A line of galvanized steel horse corral panels has just been revealed by Behlen, a renowned manufacturer of steel building products.
• Gallagher is the top manufacturer of horse corral panels. From lightweight, portable panels to strong, long-lasting fencing solutions, they provide it all. They offer a wide variety of sizes and styles to meet the needs of any horse owner.

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Key segments

By Size:

• Width
  • 5-10 Ft
  • 11-15 Ft
  • 16-20 Ft

• Height
  • 40-50 Inch
  • Above 50 inch

By Number of Panels:

• 2
• 3
• 4
• 5
• 6
• More Than 6

By Material:

• Metal
• Steel
• Iron

By Region:

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

Frequently Asked Questions

• How Much is the Horse Corral Panels Market Worth?
• What is the Demand Outlook for the Horse Corral Panels Market?
• What is the Historical Horse Corral Panels Market Share?
• What is the North America Horse Corral Panels Market Outlook?
• Which is the UK Horse Corral Panels Market Outlook?

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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By 2033, molasses market share is expected to increase from US$ 11952.75 million to US$ 23512.86 million. This is anticipated to increase molasses’ market share and result in a CAGR of 7.0% between 2023 and 2033.

Molasses, a thick syrup by-product of sugarcane or sugar beet juice extraction, is gaining popularity in various food and beverage applications. The increasing demand for natural sweeteners and the rising health consciousness among consumers are the primary drivers for the growth of the molasses market.

Molasses has several health benefits that make it an attractive alternative to other sweeteners. It is rich in vitamins, minerals, and antioxidants, including iron, calcium, magnesium, and vitamins B6 and B12. It is also a good source of energy and has a low glycemic index, making it a suitable sweetener for diabetics.

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The food and beverage industry is the largest end-user of molasses, with applications in the production of baked goods, sauces, condiments, and confectionery. The increasing demand for natural sweeteners and the desire to avoid high fructose corn syrup and artificial sweeteners are driving the demand for molasses in the food and beverage industry.

The use of molasses in animal feed and pet food is also increasing. Molasses is a valuable source of energy and nutrients for livestock and pets, and is also used to improve the palatability of feed. The growing demand for animal feed and pet food is expected to drive the growth of the molasses market in the animal feed and pet food industries.

In addition, molasses is also used as a raw material in the production of biofuels. The increasing demand for biofuels and the need for renewable energy sources are driving the demand for molasses in the biofuel industry. The use of molasses in the production of ethanol and other biofuels is expected to increase in the coming years, driving the growth of the molasses market.

Geographically, the molasses market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific is the largest market for molasses, with a significant presence of sugarcane and sugar beet producers in countries such as India, China, and Australia. The increasing demand for natural sweeteners and the growing food and beverage industry in the region are driving the growth of the molasses market in Asia Pacific.

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In North America, the United States is the largest market for molasses, driven by the increasing demand for natural sweeteners and the growth of the food and beverage industry. Europe is also a significant market for molasses, with a large presence of sugar beet producers in countries such as France and Germany. The increasing demand for natural sweeteners and the growth of the food and beverage industry in the region are driving the growth of the molasses market in Europe.

In South America, countries such as Brazil and Argentina are major producers of molasses, driven by the large sugarcane industry in the region. The increasing demand for natural sweeteners and the growth of the food and beverage industry in the region are driving the growth of the molasses market in South America.

Molasses Market Segmentation by Category

By Source:

• Sugarcane
• Sugar beet

By Type:

• Regular Molasses
• Blackstrap Molasses

By Nature:

• Organic
• Conventional By End Use:
• Industrial o Food and Beverages o   Biofuel

o    Animal Feed

• Commercial
• Household

By Sales Channel:

• Direct Sales
• Indirect Sales
• Modern Trade
• Convenience Stores
• Online Stores By Region:
• North America
• Latin America
• Europe
• The Middle East and Africa
• East Asia

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 sheep shearing equipment market was valued at US$ 755.8 Mn in 2022. The market is expected to develop from US$ 780 Mn in 2023 to US$ 1,069 Mn by 2033, registering a CAGR of 3.2% over the forecast period.

Shearing machinery is used on farms to cut or remove wool from sheep’s bodies. The exceptional qualities of this equipment have increased demand. The need for sheep shearing equipment is growing since regular shearing is necessary to keep animals clean. Sheep have a range of problems if they go for a long time without being sheared.

An increasing population and greater urbanization are two factors contributing to the expansion of the wool industry. As a result, sheep shearing equipment adoption has grown. Knitting technology advancements throughout the years have had a significant impact on the wool industry.

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One of the major reasons propelling the market for sheep shearing equipment is the rising textile industry. The robust growth of the textile sector is driving up the need for sheep shearing equipment. The increased demand for fine and premium wool in the textile sector is predicted to favor the advancement of the global market for sheep shearing equipment.

The substantial development of the animal farming industry is another factor boosting the market’s potential. The market is therefore being driven ahead by the rapid rate of technology and the rising need for the mechanization of sheep shearing processes.

The goal of manufacturers is to reduce the present price of equipment, thus they continue to give great emphasis to R&D projects and improvements in shearing equipment production. To increase sales of sheep shearing equipment, manufacturers are focusing on expanding their product line as well.

The market for sheep shearing equipment is predicted to be dominated by North America. The North American market is anticipated to be opened up by powerful market players operating in the region.

KEY TAKEAWAYS

• The market for sheep shearing equipment in the United Kingdom is anticipated to grow at a CAGR of 3.4% through 2033.
• The US dominated the sheep shearing equipment market in 2022 holding a 30.5% share of the global market.
• With a CAGR of 3.8% over the forecast period, India is predicted to grow rapidly in the market for sheep shearing equipment by 2033.
• The sheep shearing equipment market in China is expected to grow at a CAGR of 2.6% over the forecast period.
• Germany accounted for 16.1% of the global sheep shearing equipment market in 2022.

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COMPETITIVE LANDSCAPE

The top manufacturers of the sheep shearing equipment market are Horner Shearing, Welsh Shearing Equipment, Lister Shearing Equipment Limited, NATIONAL MEDITEK, Albert Kerbl GmbH, Heiniger, Tulsan, Sheep Shears Pro, BIHOO, Pet & Livestock HQ and others.

These companies have used a variety of tactics to strengthen their position in the worldwide sheep shearing equipment market. They have used both organic and inorganic development techniques, such as the launch of new goods, purchases, corporate expansions, and partnerships, to increase their clientele and revenue.

RECENT DEVELOPMENT

In November 2020, Aesculap Suhl GmbH is replaced by Albert Kerbl GmbH in the clipping machine industry. The business of “clippers and hair-cutting machines for small and big animals” will be transferred from Aesculap Suhl GmbH to Aesculap Schermaschinen GmbH, a recently established division of Albert Kerbl GmbH.

Sheep Shearing Eqyuipment Market Segmentation

By Product Type:

• Electric
• Hand Sheep Shears

By Material:

• Aluminum
• Metal
• Plastic
• Stainless Steel

By Region:

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

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Frequently Asked Questions

• What is the Size of the Global Sheep Shearing Equipment Market in 2023?
• What is the Expected Growth Rate of the Global Sheep Shearing Equipment Market?
• What is the Projected Size of the Global Sheep Shearing Equipment Market in 2033?
• Which is the Leading Region in the Global Sheep Shearing Equipment Market?
• Which Region is Witnessing the Fastest Growth in the Sheep Shearing Equipment Market?

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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According to Future Market Insights, the global home brew boiler market size is expected to be valued at US$ 986.2 Mn in 2023. Furthermore, overall home brew boiler sales are slated to rise at 5.4% CAGR between 2023 and 2033, totaling a market valuation of US$ 1,668.7 Mn by 2033.

Growing popularity of homebrewing globally coupled with increasing consumption of beer due to its numerous health benefits is a key factor driving demand for home brew boilers in the market.

Home brewing is a process of making beer, wine, or other alcoholic drinks at home. For this process, several home beer brewing machines are employed and one such equipment is home brew boiler.

Home brew boilers are essential equipment that provides the heat necessary to produce beer and other alcoholic beverages at home. They make homebrewing process quick and efficient, thereby allowing users to improve overall productivity. Besides this, they help with sterilization and sanitation as well.

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Home brew boilers are being increasingly used to make small or large batches of beer across households. However, they can also be used for other purposes such as brewing tea or coffee.

Rising popularity of home beer brewing and increasing demand for craft and draught beer worldwide are expected to boost the global home brew boiler market during the forecast period.

Home brewers are increasingly looking for ways to improve the quality of their products. This has led to a demand for better quality home brew boilers. As a result, leading home brew boiler manufacturers are continuously innovating to introduce new homebrewing equipment. This will aid in the expansion of the global home brew boiler market during the forecast period.

Key Takeaways:

• By technology, electric home brew boiler system segment dominates the global market.
• Based on capacity, the 1 gallon kit segment holds the largest share of the worldwide home brew boiler industry.
• Germany currently holds around 23.8% share in the global market for home brew boilers.
• The U.S. accounts for 34.6% market share of the global home brew boiler market.
• The U.K. home brew boiler market is expected to grow at a CAGR of 6.5% during the forecast period.
• Home brew boiler demand in China is expected to increase at 6.2% CAGR between 2023 and 2033. China
• India’s home brew boiler market is likely to grow at 5.9% CAGR between 2023 and 2033.

“Rising popularity of homebrewing across the world is a major force behind the expansion of the global home brew boiler industry and the trend is likely to continue during the forecast period,” says a lead FMI analyst.

Who is Winning?

Leading home brew boilers manufacturers are Bosch, Box Brew Kits, Craft a Brew, Northern Brewers, and Shandong Zunhuang Brewing Equipment Co. Ltd. New product launches with enhanced features, establishment of new facilities, partnerships, and acquisitions are some of the few strategies employed by market participants to gain a competitive edge in the global home brew boiler market.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of Home Brew Boiler presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.

The study provides valuable insight on the Home Brew Boiler market based on technology (electric system and gas fired system), application (wine, beer, and others), capacity (1 gallon kit, 1-10 gallon kit, and above 10 gallon kit).

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The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill 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.

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Home Brew Boiler Industry by Category

By Technology:

• Electric System
• Gas Fired System

By Application:

• Wine
• Beer
• Others
  • Cider
  • Kombucha

By Capacity:

• 1 Gallon Kit
• 1-10 Gallon Kit
• Above 10 Gallon Kit

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Oceania
• MEA

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 chilled processed food market net worth is estimated to be around US$ 803 Bn in 2023. The overall market is anticipated to register a CAGR of 3.5% from 2023 to 2033, as per the market analysis report for this period. This report on the chilled processed food market predicts the overall valuation of the market up to US$ 1,133 Bn by the year 2033.

Chilled processed food simplifies preparation and allows for high-speed cooking, which is a key cause for promoting the expansion of this product in the present market. Furthermore, rising disposable incomes of consumers have resulted in increased demand for all types of chilled processed ham and fresh, chilled chicken, contributing considerably to the market’s rapid rise.

Also, chilled processed meals satisfy customers by preserving the required food quality and standards. These are some noteworthy element that is projected to provide new market potential for the global chilled processed food industry.

Increased government support and initiatives for food processing industries in agricultural countries are likely to augment the growth. Moreover, increased foreign direct investment in India is expected to encourage its chilled processed food industry in the coming days.

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Key Takeaways from the Chilled Processed Food Market Study

• Until the year 2022, the United States held the highest share of up to one-third of the overall global sales. Soaring need for handy sources of food items that can be consumed while traveling has aided the country’s prominence over these years.
• China is the leading market for the production and sales of chilled food products in the Asia Pacific region
• Chilled processed meat and its derivatives constitute the largest segment of the market based on food type.
• Contrarily, chilled-prepared meals are the fastest-growing segment in current years.
• Supermarkets or hypermarkets are the most preferred distribution channel for the sales of chilled processed food items.
• In the last few years, the online distribution channel segment is emerging as the fastest-growing mode. The growth rate pegged for this market segment by the report is at about 5.5% for the forecast years.

Competitive Landscape for the Chilled Processed Food Market

ALDI Einkauf GmbH & Co. OHG, Grupo Bimbo, S.A.B. de C.V., Hormel Food Corporation, Mondelez International, New Covent Garden Soup Company Limited, General Mills, Inc., PepsiCo, The Kraft Heinz Company, Nestlé SA, The Kellogg Company, Unilever, Calbee, Intersnack Group GmbH & Co. KG, Conagra Brands, Inc., and ITC Limited are some of the major players in the global chilled processed food market.

The global, as well as regional chilled processed food markets, are extremely diversified and competitive. Presently, most participants are competing in terms of quality, cost, delivery, and new flavours.

For example, Land O’Frost announced a brand re-design and three new flavours for its Bistro Favourites meat brand in April 2021. It is one of the best-selling brands of pre-sliced non-processed deli meats in the United States and a manufacturer of specialty processed meats. The company decided to take this step following a 40% increase in consumer sales over the year 2020

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Other Recent Developments in the Chilled Processed Food Industry

• Sweet Earth Foods, which is a plant-based and organic developer, officially confirmed the debut of its two brand-new food items in July 2021. One is boil-and-eat breakfast or brunch bowls and the other is fully prepared deli slices.
• After a year of research and development, a new plant-based meat company started its introduction in the United States market in April 2021. Plant-based cold cuts, sausages, and pâtés made with banana, and golden linseed are among the items available from the brand.

Key Segments

By Food Type:

• Ready Meal
• Processed Meat
• Processed Fish or Sea food
• Processed Vegetables & Potatoes
• Bakery Products
• Pizza, Soup, & Noodles
• Others

By Distribution Channel:

• Supermarkets or Hypermarkets
• Convenience Stores
• Online Retailing
• Others

By Region:

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

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Frequently Asked Questions

• What is the Growth Outlook of the Chilled Processed Food Market?
• The global chilled processed food market is to grow at 3.5% during the forecast period.
• What is the projected Value of Chilled Processed Food Market By 2033?
• What was the Historical Size of the Chilled Processed Food Market?
• Which Country is the Dominant Share Holder in the Chilled Processed Food Market?
• Which Country has the Highest Growth Potential in the Chilled Processed Food Market?

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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Over the forecast period, the market for canned fruits is anticipated to grow at a moderate rate of 1.9% CAGR. In 2023, the canned fruits market is expected to be worth US$ 9.95 Bn. Demand for canned fruits is anticipated to peak at US$ 12.01 billion by 2033.

Market growth in the next years is expected to be led by the rising demand for nutritious and quick or ready-to-eat food options in both developed and developing economies as a result of busy lifestyles and rising family income. Market leaders are investing in digitalization, and new product launches to increase their product selections for international consumers. Case in point: in May of this year, Del Monte Foods announced the introduction of their high-end Gold Range. Canned pineapple chunks and canned pineapple slices are joining the lineup.

The seasonal change in fruit prices and production can affect the final price of canned fruits, which is expected to slow the demand for canned fruits. A further factor expected to slow the canned fruits market expansion is the rising preference for unprocessed and fresh foods.

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Conventional canned fruits are expected to maintain a sizable part of the international demand for canned fruits. It is expected that conventional canned fruit production is likely to increase due to the low cost of conventional fruits in comparison to organic fruits and the abundant availability of conventional fruits. Nonetheless, the market for organic canned fruits is expected to expand at a rapid rate in the next years as a result of rising consumer preference for organic and natural products because of the many health benefits associated with them.

It is anticipated that the cut fruit sub-segment will represent a sizable portion of the international market. Canned fruit slices, half, and cubes are likely to see increased demand due to the rising need for convenient and healthful snack options. The market share held by supermarkets and hypermarkets is projected to be particularly high. Product sales from these businesses are expected to increase as a result of the growing reliance customers have on them as a result of the many services they provide, including freebies, home delivery, discounts, and many more.

Key Takeaways

• The 1.2% CAGR forecast for the worldwide canned pineapples market is driven by demand in the United States, Canada, Japan, China, and Europe. The total size of these regional marketplaces is estimated at US$ 1.4 Bn.
• During the analysed period, Latin America will grow at a CAGR of 3.1%.
• The report projects that the market for canned peaches, one of the segments analyzed, will grow at a CAGR of 3.3% and reach $3 Bn by the end of the assessment period.
• Due to the ongoing recovery from the pandemic, the forecast for the canned mixed fruit market segment is being revised downward to a CAGR of 1.9% over the next seven years.

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Competitive Landscape

Each organization has consistently placed a premium on ensuring the security of its food supply. Consequently, leading companies in the global canned fruits market adhere to this by only selling products of the highest possible quality, safety, and freshness to their customers. Furthermore, the introduction of many high-tech machines, such as custom-designed pitting & processing lines, new optical laser and color sorters, on-site freezing & frozen storage, and high-speed packaging lines, has made fruit processing more convenient and easier.

Del Monte Foods, The Kraft Heinz Company, Conagra Foods, Rhodes Food Group, Dole Food Company, Kangfa Foods, Seneca Foods, CHB Group, Gulong Food, Tropical Food Industries, and Others are all major competitors in the global canned fruits market.

Key Segments in the Canned Fruits Market

Nature:

• Organic
• Conventional

Form:

• Whole Fruit
• Cut Fruit

Distribution Channel:

• Supermarkets/Hypermarkets
• Online Retail Stores
• Specialty Stores
• Others

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Region:

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

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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 flavors for pharmaceutical and healthcare applications market was worth more than US$ 1.2 billion in 2023 and is estimated to expand at a CAGR of 5.5% from 2023 to 2033 due to the increasing incidence of medical problems worldwide.

Growing consumer awareness of the significance of physical well-being and fitness is cruising customer engagement in the consumption of nutritional supplements to boost immune function, resulting in greater product demand. Enhanced minerals and vitamin deficiency among the global population as a result of a dearth of consumption of nutrient-rich foods are likely to increase demand for flavors from dietary supplements.

The growing working-woman population and rising awareness about child nutritional requirements will drive flavor demand for infant nutrition compositions. Increasing clean label prerequisites are raising the significance of plant-based ingredients in pharmaceutical formulations, which is expected to expand market statistics during the forecast timeframe. The high demand for flavored infant formula and nutrients to augment food intake among kids is increasing the deployment of various flavors in infant nutrition, which is expected to enhance the business strategy in the APAC region over the next several decades.

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Key Takeaways from Market Study

• By end use, dietary supplements are expected to witness significant growth, with revenue exceeding US$ 745 Million by 2033.
• The omega fatty acid segment is anticipated to expand at a CAGR of more than 7.1% through 2033.
• The European healthcare product flavors market is expected to exceed USD 335 million by 2033, with a CAGR of more than 5.2%.
• Asia Pacific flavors market for the pharmaceutical and healthcare industry is anticipated to rise at a CAGR of more than 5.7% CAGR.
• COVID-19 has contributed to the expansion of the flavors market for pharmaceutical and healthcare applications with a CAGR of 4%

“Increased vitamin and mineral deficiency among the world population as a result of a dearth of usage of nutrient-rich foods is likely to raise demand for flavors from food additives. Rising urbanization, rising disposable incomes, and greater consumer awareness of wellness issues may stimulate consumers to integrate dietary supplements into their daily diet, thereby bolstering the product landscape” says an analyst at Future Market Insights.

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Market Competition

Keva Flavours, Gold Coast Ingredients, International Flavours & Fragrances (IFF), Symrise AG, Prinova Nagasa Group, Mane SA, Firmenich, Taste Master Flavors, Wild Flavors & Specialty Ingredients, Quest Nutra Pharma, Concept Flavors & Fragrances, Carmi Flavors & Fragrances, and Sapphire Flavors & Fragrances, among others are some of the major players in the flavors market for pharmaceutical & healthcare applications.

• Beta Heart, a new product from Herbalife Nutrition, was launched in January 2020. The product is particularly created to maintain blood cholesterol levels stable. Beta Heart, a vanilla-flavored product, is obtainable in a 15-gram sachet.
• Firmenich, the world’s biggest private fragrance and flavor company, is delighted to announce dragon fruit as its 2023 Flavor of the Year, recognizing consumers’ desire for exciting new additives and bold, adventurous flavor creation.
• Symrise AG took a further major leap forward to endorse manufacturers in October 2021 with the SymProBiomeTM platform. It encourages a deeper understanding of the fragile ecosystems that classify us as humans. Modern consumers desire products that are in tune with their bodies, harmonizing with their natural microbiomes and assisting them in looking and feeling better.

More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the global flavors for pharmaceutical & healthcare applications market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of end use (OTC drugs, dietary supplements, therapeutic nutrition and healthcare nutrition) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Segments Profiled in the Flavors Market for Pharmaceutical & Healthcare Applications Industry Survey

By End Use:

• OTC Drugs
• Dietary Supplements
  • Vitamins & Minerals
  • Proteins & Amino Acids
  • Dietary Fibers
  • Omega Fatty Acids
  • Botanicals
• Therapeutic Nutrition
• Healthcare Nutrition
  • Infant Nutrition
  • Sports Nutrition
  • Clinical Malnutrition
  • Others

By Region:

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

About the Food & Beverage at Future Market Insights 

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

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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Revenue from narcolepsy treatment, globally is projected to stand at a valuation of US$ 6.67 Bn, registering an annual growth rate of 5.7 percent, from 2022-2028. Future Market Insights (FMI), in its newly published market intelligence outlook, highlights substantial demand for narcolepsy treatment in North America. Narcolepsy treatment landscape in Europe, will witness significant revenue growth given the rising affinity toward adoption of prescription treatments and adherence to the same on a long term basis.

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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 9-years.

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Future Market Insights,
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Future Market Insights offers an exhaustive evaluation of the sustained release excipients landscape in a new research outlook

A recently released global market intelligence outlook on sustained release excipients forecasts the revenue through sustained release excipients to surpass a million dollar value by this year’s end, of which just-under 1/3^rd share belongs to North America.

As a growing number of existing international patents are expiring and the prevalence of orthopedic disorders is increasing on the flipside, drug formulations and thereby sustained release excipients are constantly witnessing an impressive manufacturing outlook.

Research identifies the largest revenue shareholding categories in sustained release excipients marketplace on the basis of product type, end user, and route of administration.

• Polymer is currently the largest product type category worth US$ 300 Mn, whereas gelatin represents the most opportunistic one.
• While oral route of administration remains highly sought after, injectable is presumed to gradually take over.
• Biopharmaceutical companies and CMOs pose fierce competition to pharmaceutical companies – the dominant end user of sustained release excipients.

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Click here (Preview) for an insightful view of sustained release excipients marketplace.

“The top five players leading the competition in global sustained release excipients landscape account for a collective revenue share of over 50%, whereas a number of relatively small companies represent the rest. A majority of competitors have a limited offering portfolio and significantly depend on product differentiation for an edge in niche treatment areas,” explains a senior research analyst. “Product innovation and market expansion have been the top developmental strategies of companies so far, which are now complemented with strategic partnerships,” the analyst adds further.

Multi-level Partnerships – The Key to Delivering Top Notch Excipient Formulations

FMI underlines the critical role of strategic collaborations – between formulators of sustained release excipients and stakeholders across the value chain – in shaping growth of brands as well as the entire sustained release excipients ecosystem.

While partnerships are expected to prominently focus on spotting the key challenges facing manufacturers, continued education about functionality, variability, and consistency of sustained release excipients is also be an important objective. Drug product manufacturers working in tandem with formulators of sustained release excipients is helping companies deliver best-in-class solutions addressing the most prominent pull factors associated with sustained release excipients.

To best grasp real-time market needs, sustained release excipient formulators are most likely to strengthen interaction with end-use customers. This move offers a dual advantage as a developmental strategy – by helping manufacturers precisely understand and address the challenges facing pharmaceutical markets and stimulating development of new excipient formulations that tap into evolving needs.

A recent deal (2017) involving the combination of The Dow Chemical Company-DuPont-FMC (Health & Nutrition) has been a classic example of collaborative operation, involving channel partners as well as customers.

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Additional Questions Answered

Some of the additional questions addressed in this report on sustained release excipients market-

• What is the revenue potential of the sustained release excipients market across regions of North America and Europe?
• Who are the key competitors and what are their portfolios in sustained release excipients market?
• What are major challenges influencing the growth of sustained release excipients market?
• How intervention from regulatory authority is shaping the sustained release excipients market growth?

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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