Global Hydroxyzine Market Expected to Surge, Reaching USD 1430 Million by 2034

The global hydroxyzine market is set to witness substantial growth, with an estimated value of USD 829.9 million in 2024, projected to soar to USD 1430 million by 2034. This surge is attributed to the escalating demand driven by the rising prevalence of allergic diseases and anxiety disorders worldwide.

According to recent market analysis, the global demand for hydroxyzine is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 5.6% throughout the forecast period. This growth trajectory underscores the pressing need for effective treatments to address allergic reactions and anxiety-related ailments, further propelling the market forward.

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Tablets emerge as the preferred dosage form within the hydroxyzine market, capturing a significant value share of 38% in 2023. This preference can be attributed to the convenience, ease of use, and extended shelf life of tablets compared to other forms. As consumers seek convenient and reliable medication options, tablets continue to dominate the market landscape, driving substantial revenue growth.

The projected growth of the hydroxyzine market underscores the importance of pharmaceutical innovation and meeting evolving consumer needs. Manufacturers are expected to focus on product development and strategic collaborations to capitalize on emerging opportunities and address the growing demand for hydroxyzine globally.

Key Takeaways from the Market Report:

  • The global market is projected to reach USD 1430 million by 2034, registering a 5.6% CAGR.
  • Based on dosage form, the tablets segment is set to record a CAGR of 4% through 2034.
  • By indication type, the atopic contact dermatitis segment dominates the industry with a share of 42% in 2023.
  • China is estimated to record a CAGR of 3% between 2024 and 2034.
  • Sales in the United States are predicted to total USD 258.2 million by 2034.

“Escalating demand for antihistamines due to increasing incidence of allergic disease is anticipated to boost sales growth during the next decade,” says a lead Future Market Insights (FMI) analyst.

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Who is Winning?

The global industry is becoming highly competitive, with top players like Teva Pharmaceuticals, Pfizer, Inc., and GSK, plc accounting for significant shares. Leading players are heavily investing in research and development to enhance hydroxyzine formulations, explore new indications for the drug, and develop new delivery methods.

Companies are also implementing strategies like mergers, partnerships, acquisitions, and distribution agreements to stay ahead of the competition. Several players are also establishing new drug production facilities in attractive regions to expand their footprint and meet the growing demand for antihistamine medications.

Industry Update-

  • In April 2023, Israel-based Teva Pharmaceutical established a new research and development facility in Hungary to speed up production and get medicines to patients faster.

Leading Hydroxyzine Brands:

  • Teva Pharmaceuticals
  • Pfizer, Inc.
  • GSK, plc
  • Alliance Pharma PLC
  • Piramal Group (Piramal Healthcare UK Limited)
  • Impax Laboratories, Inc
  • Novartis AG
  • Shanghai Ruizheng Chemical Technology Co., Ltd
  • N&R Industries

Key Segments of the Market Report:

By Dosage Form:

In terms of dosage form, the industry has been categorized into tablets, capsules, injections, and syrup.

By Indication Type:

Based on indication type, the industry is segmented into histamine-mediated pruritus, urticaria, and atopic contact dermatitis.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Website: https://www.futuremarketinsights.com
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Global Cord Blood Product Market Projected to Reach USD 1,341.7 Million by 2034

The global cord blood product market is set to experience substantial growth over the coming decade, with market size expected to rise from USD 839.5 million in 2024 to a projected USD 1,341.7 million by 2034. This growth trajectory, representing a Compound Annual Growth Rate (CAGR) of 4.8%, underscores the increasing importance and adoption of cord blood products in medical treatments and research.

In 2023, sales of cord blood products reached USD 796.4 million, reflecting the growing demand for these life-saving products. The market is projected to see a year-on-year (Y-o-Y) growth rate of 5.4% in 2024, further emphasizing the sector’s robust expansion.

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The cord blood product market is experiencing significant growth as awareness about the therapeutic potential of cord blood stem cells increases globally. Cord blood, which is collected from the umbilical cord immediately after birth, is a rich source of hematopoietic stem cells that can be used in the treatment of various blood disorders, cancers, and genetic diseases. The market is projected to expand rapidly over the coming years, driven by advancements in stem cell research, an increasing number of approved clinical applications, and the growing adoption of cord blood banking services.

Cord blood products are utilized in regenerative medicine, offering a promising alternative to traditional bone marrow transplants. The rising incidence of conditions such as leukemia, lymphoma, and immune deficiencies, coupled with the increasing success rates of cord blood transplants, is propelling the demand for these products. Moreover, the market is witnessing an upsurge in the number of parents opting to store their newborns’ cord blood for potential future use, further driving the market’s growth.

Additionally, government initiatives and public awareness campaigns promoting the benefits of cord blood banking and its applications in treating life-threatening diseases are contributing to market expansion. The availability of advanced storage and preservation technologies is also enhancing the viability and shelf-life of cord blood products, making them more accessible and reliable for medical use.

Drivers and Opportunities:

The Cord Blood Product Market is driven by several key factors, including the increasing prevalence of hematological disorders and the growing recognition of cord blood as a valuable resource in regenerative medicine. The rise in government funding and support for stem cell research is also playing a critical role in market growth.

Opportunities in the market are expanding as technological advancements improve the efficiency and cost-effectiveness of cord blood collection, processing, and storage. The growing trend of public and private cord blood banking, along with the increasing number of clinical trials exploring new therapeutic uses of cord blood stem cells, is expected to create significant growth avenues for market players.

Moreover, as the healthcare infrastructure in emerging economies improves, the Cord Blood Product Market is likely to witness substantial growth in these regions. This expansion is further supported by collaborations between healthcare providers and cord blood banks to offer affordable and accessible storage options for families.

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Key Takeaways from Market Study:

  • The global cord blood product market is expanding, with sales expected to increase from USD 839.5 million in 2024 to USD 1,341.7 million by 2034, driven by a CAGR of 4.8%.
  • The market size in 2023 was USD 796.4 million, indicating a year-over-year growth of 5.4% in 2024.
  • The United States holds the largest market share, accounting for 25.1% in 2023 and projected to grow at a CAGR of 3.7% during the forecast period.
  • China and India are anticipated to experience significant growth, with projected CAGRs of 8.4% and 9.5%, respectively, from 2024 to 2034.
  • The Cord Blood Product Market is projected to witness robust growth, driven by the increasing adoption of cord blood banking and stem cell therapies.
  • Hematopoietic stem cells from cord blood are being increasingly used in the treatment of blood disorders, cancers, and genetic diseases.
  • Government initiatives and public awareness campaigns are playing a crucial role in promoting cord blood banking.
  • Technological advancements in cord blood processing and storage are enhancing the reliability and accessibility of cord blood products.
  • Emerging economies present significant growth opportunities for market expansion due to improving healthcare infrastructure and rising awareness.

Competition Outlook:

Leading cord blood product manufacturers are prioritizing acquisitions and recognition as they strive to develop new product lines and expand their global consumer base. These companies are focusing on partnerships, mergers, acquisitions, geographic expansion, and strategic collaborations to enhance their market presence.

By entering new markets and securing regulatory and marketing approvals, prominent manufacturers and emerging startups are broadening their operations. They are forging partnerships with international organizations and intensifying their research and development efforts to drive innovation and growth.

Companies are also expanding their global footprint through strategic partnerships and collaborations with healthcare providers and research institutions. By focusing on providing high-quality, cost-effective solutions, these companies are positioning themselves as leaders in the rapidly growing cord blood product market.

Recent Developments:

  • In 2023, MIMEDX, a company based in Georgia, entered into an exclusive distribution agreement with Gunze Medical Limited to market its EPIFIX product in Japan.
  • That same year, LifeCell International, headquartered in India, launched the ‘PrepaCyte-CB®’ technology, designed to enhance the yield of stem cells from cord blood.
  • Preety Maggo, an entrepreneur from India, established ‘Magic of Memories,’ a jewelry business specializing in creating custom pieces from breast milk, hair, umbilical cord parts, and blood.
  • In 2024, researchers from Vienna University of Technology achieved a breakthrough in lab-grown cartilage by developing a novel technique that integrates 3D printing with stem cell technology.

Leading Cord Blood Product Brands:

  • CORD BLOOD AMERICA, INC.
  • Cordlife Group Ltd.
  • CBR Systems, Inc.
  • Cryo-Cell International, Inc.
  • StemCyte, Inc.
  • ViaCord PerkinElmer (Revvity)
  • NeoStem, Inc.
  • CryoHoldco
  • LifeCell International Pvt. Ltd.
  • Esperite N.V.
  • Maze Cord Blood Laboratories
  • Vita34 AG
  • Cryo-Save AG
  • Cells4Life Group LLP
  • CariCord, Inc.

Key Segments of Market Report:

By Product Type:

As per product type, the industry has been categorized into cord blood-derived growth factors, cord blood cell therapy products, and cord blood units.

By Therapeutic Area:

The segment is categorized into oncology, hematology, immunology, metabolic disorders, and others.

By Storage Status:

Cord blood products with storage status of fresh cord blood products, frozen cord blood units, and cryopreserved cord blood products are described.

By Application:

A few of the leading applications include transplantation, regenerative medicine, and others.

By End-user:

Several end-users include hospitals, cord blood banks, academic and research institutes, and specialty clinics.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and Middle East and Africa.

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Pediatric Diabetes Therapeutic Market to Reach USD 2612.4 Million by 2034

According to a comprehensive report by Future Market Insights (FMI), the global pediatric diabetes therapeutic market is set to experience substantial growth, with estimates projecting a rise from USD 1,633.8 million in 2024 to USD 2,612.4 million by 2034. This represents a robust compound annual growth rate (CAGR) of 4.8% over the next decade.

Insulin remains a cornerstone in the management of pediatric diabetes, with various formulations designed to mimic natural insulin secretion effectively. CGM systems are becoming increasingly popular as they offer real-time blood sugar readings, enabling timely insulin dose adjustments that can help prevent hypoglycemic and hyperglycemic episodes in young patients.

The shift towards personalized medicine is gaining momentum, thanks to advancements in genetic testing and biomarker analysis. This innovative approach allows healthcare providers to tailor treatments based on individual patient characteristics, potentially optimizing treatment outcomes and minimizing adverse effects.

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Furthermore, the integration of digital health technologies into pediatric diabetes management is transforming the landscape. Smartphone apps, wearable devices, and telemedicine are enhancing remote monitoring and education for patients and caregivers alike. These new technologies are not only improving patient engagement and empowerment but also promoting better treatment adherence, leading to improved clinical outcomes and a more positive patient experience.

As the incidence of pediatric diabetes continues to rise—largely attributed to unhealthy dietary habits—there is an increasing demand for innovative solutions to enhance treatment outcomes. The healthcare industry is responding to this need, focusing on advancements in insulin therapy, glucose monitoring, personalized medicine, and digital health technologies.

Key Takeaways from the Market Study:

  • By diabetes, the type 1 diabetes segment is set to surge at a CAGR of 4.2% by 2034.
  • By route of administration, the parenteral administration segment accounted for a leading share of 48.4% in the market.
  • Distribution channels project the institutional sales segment projected to lead the market at a CAGR of 4.2% by 2034.
  • The United States is set to rise at 5.4% CAGR by 2034.
  • By country, China is projected to surge at 5.3% CAGR during the forecast period.

“Growing popularity of e-tail and e-commerce has led to the potential of online pharmacies as a promising segment for developing the pediatric diabetes therapeutic market. Governments and healthcare organizations worldwide are exploring biosimilars to improve affordability and patient accessibility,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

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Competitive Landscape:

Leading manufacturers are focusing on research and development of novel therapeutic options to broaden their product portfolio and reach a wide audience. Key companies are directed towards partnerships, collaborations, and alliances to enhance their research, development, and commercialization expertise.

For instance,

  • In March 2023, Sanofi, headquartered in France, acquired Provention Bio, a United States-based Biopharmaceutical Company.
  • In 2023, AstraZeneca, headquartered in the United Kingdom, received marketing authorization for Bydureon BCise in Europe.

Leading Pediatric Diabetes Therapeutic Brands:

  • Boehringer Ingelheim International GmbH
  • Eli Lilly and Company
  • Sanofi
  • Vertex Pharmaceuticals Incorporated
  • Novo Nordisk A/S
  • AstraZeneca
  • MannKind Corporation
  • Xeris Pharmaceuticals
  • Amphastar Pharmaceuticals, Inc.

Key Segments of Market Report:

By Diabetes:

In terms of diabetes, the category is divided into type 1 and type 2.

By Therapy:

The industry is segregated into drug therapy and insulin therapy. Drug therapy is further divided into biguanide and sodium-glucose co-transporter 2 (SGLT2) inhibitors. Insulin therapy is sub-segmented into rapid-acting insulin, short-acting insulin, intermediate-acting insulin, and long-acting insulin.

By Route of Administration:

The industry is segregated into oral administration, nasal administration, and parenteral administration. The parental administration segment is further trifurcated into subcutaneous, intramuscular, and intravenous.

By Distribution Channel:

A few of the important distribution channels include institutional sales, retail sales, and online pharmacy. Further, the institutional sales segment is branched into hospitals, specialty clinics, and others. Along with that, the retail sales segment is divided into retail pharmacies and drug stores.

By Region:

Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and the Middle East and Africa are covered.

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Veterinary Rapid Test Market Set to Skyrocket, Reaching Projected to Hit USD 2870 Million by 2034

According to the latest report by Future Market Insights (FMI), the global veterinary rapid test market is poised for remarkable growth, with estimations indicating a surge to USD 942.3 million in 2024 and an impressive climb to USD 2870 million by 2034. This forecast reflects a compelling compound annual growth rate (CAGR) of 11.8% over the next decade.

The driving force behind this exponential market expansion is the escalating prevalence of zoonotic diseases worldwide. Both developed and developing regions are grappling with the mounting burden of these diseases, underscoring the critical need for rapid and accurate diagnostic solutions. Veterinary rapid test kits have emerged as indispensable tools in combating these challenges, enabling prompt intervention and treatment.

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Intensified livestock farming is pushing the demand for veterinary rapid tests as densely packed environments heighten disease risks. These tests offer immediate results, enabling quick intervention to prevent disease spread, ensure animal welfare, and uphold food safety.

Technological advancements in biotechnology, nanotechnology, and digital health are set to fuel growth in the veterinary rapid test market. Furthermore, government incentives and environmental consciousness are projected to spur growth in terms of veterinary rapid test adoptions.

Key Takeaways from the Veterinary Rapid Test Market Report:

  • The veterinary rapid test market is set to reach a valuation of USD 2870 million by 2034.
  • The market is projected to surge at a CAGR of 11.8% by 2034.
  • China’s veterinary rapid test market is expected to grow at a CAGR of 12.6% by 2034.
  • The United States is projected to reach a valuation of USD 511.4 million in 2034.
  • Based on end-use, the veterinary hospital & clinic segment accounted for a market share of 65% in 2023.

“Regulatory requirements for veterinary diagnostics, including pregnancy test kits, are evolving, necessitating manufacturers to adhere to standards for product quality and safety. Digital solutions, such as smartphone apps and cloud-based platforms, are further enhancing data management and accessibility, augmenting growth.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

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Competitive Landscape:

Zoetis, IDEXX Laboratories, Inc., Virbac, Heska Corporation, Thermo Fisher Scientific, Inc., and Neogen Corporation are key veterinary rapid test manufacturers listed in the report. The market is dominated by global, regional, and local players offering diverse products for pet and livestock animal diagnosis.

Leading companies are investing in research and development and product innovation to remain competitive in the industry. Vendors are forming partnerships with pet care service providers and organizations to gain market traction and increase their presence.

For instance,

  • In 2023, Biostone Animal Health, a United States-based company, released AsurDxTM Leptospira Antibodies Kits.
  • In June 2023, Neogen Corporation, a United States-based company, launched My CatScan 2.0, an updated and improved version of the cat genetic screening test.

Leading Veterinary Rapid Test Brands:

  • Prometheus Bio Inc.
  • Fassisi GmbH
  • Biopanda Reagents Ltd.
  • Boster Biological Technology

Key Segments of Market Report:

By Product:

The industry includes two leading products, namely, rapid test kits and rapid test readers.

By Testing Category:

The leading testing categories are virology, parasitology, bacteriology, clinical chemistry, and others.

By Technology:

Prominent technologies in the industry include immunoassays and PCR.

By Animal Type:

In terms of animal type, the report is bifurcated into companion animals and production animals. To get a broad view of the sector, the companion animal category is further classified into dogs, cats, horses, and others, and production animals into cattle, poultry, swine, and others.

By End-user:

Key end-users in the industry are veterinary hospitals and clinics, home care settings, and others.

By Region:

Analysis of the target industry has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Asia Pacific Loop-mediated Isothermal Amplification (LAMP) Industry Valuation Set to Total USD 409.8 Million by 2034

As per Future Market Insights’ latest analysis, the Asia Pacific loop-mediated isothermal amplification (LAMP) industry value is set to total USD 237.3 million in 2024. Further, it will exhibit a CAGR of 5.7% during the next ten years, with total industry size reaching USD 409.8 million by 2034.

Several factors are propelling growth of LAMP industry in Asia Pacific. These include the increasing incidence of infectious diseases like malaria and dengue fever, the growing need for rapid diagnostics, and escalating awareness of the benefits of LAMP technology.

Demand for loop-mediated isothermal amplification is growing steadily across the Asia Pacific. Its advantages, like simplicity, accuracy, speed, and cost-effectiveness, make it a valuable tool for diagnostic and research purposes.

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The incidence of infectious diseases like tuberculosis, dengue fever, and malaria is increasing drastically, particularly in nations like India and China. This, in turn, is creating a need for efficient diagnostic solutions like LAMP.

Both healthcare professionals and the general population are becoming aware of the advantages of LAMP technology. This is also playing a key role in boosting the growth of loop-mediated isothermal amplification products in the Asia Pacific.

Escalating demand for point-of-care testing is also believed to positively impact the Asia Pacific industry. Similarly, growing interest in personalized medicine and precision healthcare are set to create growth opportunities for LAMP product manufacturers in the region.

Key Takeaways from the Report:

  • The Asia Pacific LAMP industry revenue is projected to total USD 409.8 million by 2034.
  • By product type, the reagents segment accounted for a value share of 3% in 2023.
  • By technology type, the microfluidic technology segment held a significant share of 8% in 2023.
  • By application, the disease diagnosis segment held 2% of the Asia Pacific industry in 2023.
  • East Asia dominated the LAMP industry with a value share of 1% in 2023.
  • India is poised to register a CAGR of 2% between 2024 and 2034.

“Growing incidence of infectious diseases and government initiatives to encourage the use of LAMP procedures are some prominent factors fueling growth of loop-mediated isothermal amplification (LAMP) industry in Asia Pacific,” says a lead analyst at Future Market Insights (FMI).

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Who is Winning?

Top players are constantly launching new LAMP instruments, kits, and reagents for different applications. They are also looking to employ inorganic strategies such as acquisition, collaboration, and partnerships to stay ahead of the competition.

For instance,

  • In May 2022, Meridian Bioscience, Inc. strengthened its isothermal amplification product portfolio by introducing two novel master mixes.

Key Companies Profiled:

  • Eiken Chemical Co., Ltd.
  • New England Biolabs
  • HUMAN
  • Meridian Bioscience, Inc.
  • Thermo Fisher Scientific
  • Mast Group Ltd
  • Merck KGaA
  • Bio Rad Laboratories Inc.
  • QIAGEN N.V
  • Optigene
  • NIPPON GENE CO., LTD
  • ZENOSTIC
  • Jena Bioscience GmbH
  • Excellgen, Inc
  • Hologic Inc. (Gen-Probe)
  • LGC Ltd.
  • Abbott Laboratories, Inc.
  • Yeasen Biotechnology (Shanghai) Co. Ltd.
  • highQu GmbH


Asia Pacific LAMP Industry Segmentation:

By Product Type:

The industry is segregated into instruments, kits, and reagents. To get a broader picture of the industry, instruments are further classified into incubation systems, turbidimeters, agarose gel electrophoresis, and fluorescence measuring systems. A detailed analysis of sub-segments of reagents has also been added to the report, based on DNA polymerase, primer mix, master mix, DNA polymerase and primer mix, and dyes.

By Technology:

The industry includes three key technologies, namely, microfluidic technology, modern microsystem technology, and advanced IR technology.

By Application:

Some of the leading applications include disease diagnosis, environmental inspection, food hygiene, animal husbandry, and fisheries. To get a clear picture of the diseases that can be diagnosed using LAMP, the segment is further divided into mycobacterium tuberculosis, SARS-CoV-2 (COVID-19), malaria, pneumonia, influenza, herpes, pertussis, and clostridium difficile infection.

By Purpose:

The two main purposes are clinical use and research purpose.

By End-user:

Leading end-users in the industry include hospital laboratories, academic & research institutes, pharmaceutical & biotechnology companies, diagnostic laboratories, food testing laboratories, and agricultural & environmental research institutes.

By Region:

Key countries of East Asia and South Asia & Pacific are covered.

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Barbiturate Drug Market Projected to Reach USD 675.0 Million by 2034

The global barbiturate drug market value is expected to rise from USD 492.8 million in 2024 to USD 675.0 million by 2034. This market is analyzed to surge ahead at a CAGR of 3.20% over the next decade.

Demand for barbiturate drugs is observing a steady increase due to their use in the treatment of epilepsy, insomnia, and anxiety. The surging geriatric population is another key factor responsible for the growth of the barbiturate drug market.

While the consumption of barbiturate drugs in countries with high-income holders continues to expand, countries consisting of low- and middle-income populations are also experiencing greater demand for barbiturate drugs.

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Growing awareness regarding the availability of different treatment options for insomnia is propelling the use of barbiturate drugs. Additionally, rising stress levels in society are creating an environment that is conducive for medication manufacturers, like barbiturate drug providers.

Increasing psychological disorders in society are expanding the scope of market players over the forecast period. Additionally, the growing presence of barbiturate drug companies, surging healthcare expenditure, and increasing availability of medication are propelling the use of barbiturate drugs.

Enhancements in barbiturate drug formulations are projected to enhance the market growth over the upcoming years. Surging cases of neurological disorders fuel demand for barbiturate drugs. Additionally, the introduction of novel drug delivery systems is offering a multitude of advantages across several facets of this market.

“Key players are screening opportunities for expansion in the emerging economies in the next ten years. These countries, especially those situated in Asia Pacific, have a high patient burden of epilepsy and insomnia, which is pushing the players to increase their stakes in these countries,” says an analyst of Future Market Insights.

Key Takeaways from the Barbiturate Drug Market Report:

  • The barbiturate drug market registered a revenue of USD 472.9 million in 2023, stretching at a CAGR of 5.20% in the historical period.
  • By drug type, the long-acting barbiturate is in line to expand at a CAGR of 3% over the forecast period.
  • Based on application, the epilepsy segment is anticipated to expand at a 2.8% CAGR in the next ten years.
  • The United States barbiturate drug market is expected to be valued as a leading market, gaining revenue of USD 120.1 million by 2034. The market is supposed to register a CAGR of 3.5% over the forecast period.
  • The Chinese market is projected to be valued at USD 106.8 million in 2034. During the forecast period, the market is forecast to expand at a 3.9% CAGR.

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New Developments that are Building the Barbiturate Drug Market:

  • Ethypharm, a key market player, agreed on a definitive contract to obtain Altan Pharma in June 2021. The latter is a specialty pharmaceutical company that produces, develops, and advertises injectables for use in hospitals. This acquisition is expected to facilitate the entry of Ethypharm into Spain.
  • Ethypharm made its presence felt on a larger scale via a fully established affiliate in Italy in April 2021.

Listed Below are Key players in the Barbiturate Pharmaceutical Industry:

  • Par Pharmaceutical
  • Samarth Life Science Pvt. Ltd
  • Ethypharm
  • Abbott
  • Others

Market Segmentation:

By Drug Type:

  • Long-acting Barbiturate
  • Short-acting Barbiturate
  • Ultra-short Acting Barbiturate
  • Combination Drugs

Different Applications of Barbiturate Drugs:

  • Insomnia
  • Epilepsy
  • Sedation
  • Other Applications

Various Distribution Channels Available for Barbiturate Drugs:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Indsutry Segregated According to Region as Follows:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Asthma Treatment Market is set to reach USD 46.0 Billion by 2034

According to Future Market Insights (FMI), the global asthma treatment market is poised for substantial growth, projected to hit USD 28.0 billion in 2024 and soar to USD 46.0 billion by 2034, with a Compound Annual Growth Rate (CAGR) of 5.1% by 2034.

The burgeoning prevalence of asthma worldwide, coupled with a heightened awareness of asthma medications and advancements in treatment options, is anticipated to propel market expansion. Factors such as air pollution, allergens, and lifestyle changes are contributing to the increased incidence of asthma, thereby bolstering market growth.

One of the key drivers of growth in the asthma treatment industry is the adoption of precision medicine, as demand for personalized asthma medications surges. Innovations such as mobile applications, smart inhalers, and wearable devices are revolutionizing tailored asthma therapy by enabling real-time monitoring of symptoms, medication adherence, and lung function.

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This precise data collection empowers healthcare practitioners to better understand each patient’s asthma management and tailor treatment solutions accordingly. Additionally, remote monitoring and telemedicine services are expected to enhance personalized treatment, particularly for patients in remote and underdeveloped areas.

Pharmaceutical companies and research organizations are heavily investing in developing new drugs and therapies to address the diverse needs of asthma patients worldwide. Public health initiatives and awareness campaigns are further catalyzing market development, with factors such as urbanization, industrialization, genetic susceptibility, and family history of asthma contributing to the escalating prevalence of the condition.

The global asthma treatment market is on a trajectory of robust growth, driven by factors ranging from technological innovations to environmental influences. As the industry continues to evolve, stakeholders are focused on addressing the evolving needs of asthma patients and advancing treatment options to improve patient outcomes worldwide.

Key Takeaways from the Asthma Treatment Market Report:

  • The asthma treatment market is set to reach a valuation of USD 46.0 billion by 2034.
  • The market is projected to surge at a CAGR of 5.1% by 2034.
  • China’s asthma treatment market is anticipated to grow at a CAGR of 5.9% by 2034.
  • The United States is projected to reach a valuation of USD 8.3 billion in 2034.
  • Based on product, the inhaler segment is set to rise at 4.8% CAGR by 2034.

“AI and machine learning algorithms are being developed to analyze large datasets and identify patterns in asthma management, assisting in optimizing treatment plans and personalizing therapy based on patient characteristics. AI-based tools also aid in the interpretation of diagnostic tests, facilitating faster and more accurate diagnosis, propelling the market.” – opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

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Competitive Landscape:

The market is competitive, with various providers vying for market share. Key factors include product efficiency, pricing, supply chain, and technological innovations.

Established pharmaceutical companies are directed toward research and development to maintain their market power, while emerging biotech companies innovate with targeted treatments. Market expansion relies on regulatory adherence, diagnostic research, strategic partnerships, and adapting to evolving consumer tastes.

For instance,

  • In July 2023, Teva Pharmaceuticals partnered with Alvotech, enabling Teva to commercialize new biosimilars in the United States and acquiring USD 40 million in convertible bonds to support Alvotech’s pipeline development.

Key Companies Profiled:

  • Teva Pharmaceutical Industries Ltd.
  • GSK plc
  • Merck & Co., Inc.
  • F. Hoffmann-La Roche Ltd.
  • AstraZeneca
  • Boehringer Ingelheim International GmbH
  • Sanofi.
  • Koninklijke Philips N.V.
  • BD
  • Covis Pharma

Asthma Treatment Market Segmentation by Category:

By Drug Class:

  • Anti-inflammatory
  • Bronchodilators
  • Combination Therapy

By Product:

  • Inhalers
    • Dry Powder
    • Metered Dose
    • Soft Mist
  • Nebulizers

By Route of Administration:

  • Oral
  • Inhaled
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Alexipharmic Drug Market Set to Reach USD 6.50 Billion by 2034

The escalating opioid crisis has intensified the need for effective alexipharmic drugs, leading to significant growth in the global market. Valued at an impressive USD 3.80 billion in 2024, the global alexipharmic drug market is projected to reach USD 6.50 billion by 2034, expanding at a compound annual growth rate (CAGR) of 5.40%.

The legalization of prescription opioids has unfortunately resulted in a surge in opioid abuse worldwide. According to recent reports, this increase in abuse has directly influenced the rising demand for alexipharmic drugs, which are crucial in counteracting the effects of opioid overdoses and poisonings.

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Governments worldwide have started taking positive steps to combat the opioid crisis. For instance, the United Kingdom government has launched a comprehensive strategy to tackle the opioid epidemic and reduce the stigma associated with drug addiction.  These steps will help to shape the future of the alexipharmic drug market, making it more accessible to those in need.

“Key players in the alexipharmic drug market are collaborating with government and non-government organizations to spread awareness regarding the use of these drugs in case of opioid over abuse. This has not only increased brand awareness but also highlighted the importance of responsible medication usage ”, opines an FMI analyst.

Key Takeaways from the Market Study:

  • The opioid overdose segment dominates the alexipharmic drug market with an expected share of 39% in 2024.
  • Based on the distribution channels, the hospital pharmacies segment leads the alexipharmic drug market with an anticipated share of 42% in 2024.
  • The market in South Korea is anticipated to grow at a CAGR of 8.00% through 2034.
  • The market in Japan is estimated to rise at a 7.10% CAGR through 2034.
  • The market in the United Kingdom has the potential to increase at a 6.70% CAGR through 2034.
  • The market in China is predicted to rise at a 6.30% CAGR through 2034.
  • The market in the United States is in line to grow at a CAGR of 5.70% through 2034.

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Competitive Landscape:

The alexipharmic drugs industry has numerous companies competing for global market dominance.

  • These companies have been operating in the pharmaceutical industry for a long time and have expanded their market reach beyond national borders.
  • The market has benefited from the growth of online medicine platforms, telemedicine, and last-mile delivery services in developed and developing countries.
  • Prominent companies in the market include Alkermes, Inc., B. Braun Melsungen AG, Bausch Health Companies Inc., Emergent BioSolutions, and Ethypharm S. A.

Recent Developments:

  • Novo Nordisk acquired Alkermes’s Irish plant in Athlone for $92.5m on December 14, 2023.
  • Rockwell Medical announced a 3-year co-promotional collaboration with B. Braun Medical on June 29, 2023.
  • Emergent BioSolutions expanded access to OTC naloxone on March 28, 2024, distributing 22 million doses.
  • Ethypharm acquired Altan Pharma on June 18, 2021, expanding into the Spanish market.
  • Emergent BioSolutions extended the shelf life of naloxone nasal spray on January 23, 2024, approved by FDA for OTC use in spring 2023.

Key Companies:

  • Alkermes, Inc.
  • B. Braun Melsungen AG
  • Bausch Health Companies Inc.
  • Emergent BioSolutions
  • Ethypharm S.A.

Key Segments of the Alexipharmic Drug Industry:

By Application:

  • Alcoholic Overdose
  • Opioid Overdose
  • Benzodiazepine Overdose
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Progesterone Market Set for Remarkable Growth: Projected to Reach USD 4.80 Billion by 2034

The global progesterone market is poised for significant expansion over the next decade, according to extensive research. Projected to grow at a healthy Compound Annual Growth Rate (CAGR) of 12.30% from 2024 to 2034, the market is anticipated to rise from its preliminary valuation of USD 1.50 billion in 2024 to an impressive USD 4.80 billion by 2034.

The surge in the progesterone market is driven by the increasing prevalence of critical health conditions such as breast cancer, AIDS, and amenorrhea. Progesterone’s pivotal role in treating these issues is a key factor contributing to the market’s upward trajectory. Researchers have highlighted the efficacy of progesterone, especially when combined with estradiol, in regulating various medical disorders, including human immunodeficiency virus (HIV).

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According to the World Health Organization reports in 2021, around 38.4 million people were infected with HIV. For breast cancer treatment, hormone therapy is constrained to cases that show the prevalence of receptors for progesterone and estrogen.

The progesterone and estrogen market envisions higher growth opportunities because of the surging investments and the research and development practices of private research establishments and government institutions to reveal better usages of hormone therapy. There are diverse ongoing investigations to evaluate the influence of progesterone in postmenopausal women.

The progesterone industry witnesses growth constraints because of the side effects encountered after its treatment. Some prevalent side effects are weight fluctuations, increased face and body hair, headache, persistent breast tenderness, and baldness. Though these symptoms do not seem grave, yet they can become serious if the progesterone treatment is not done in a disciplined and experienced environment.

Regional Outlook:

North America is slated to garner a considerable share of the progesterone market, because of the amplifying resilience of modern treatments. A catalyst to the growth is the foresighted approach of progesterone vendors, who are undertaking joint efforts to strengthen their research and development abilities. This strategy is in response to the escalating demand for progesterone, which is spurred by the high disease burden, such as rising cases of kidney, and breast cancer and a soaring population of menopausal women.

“The progesterone demand is slated to witness growth owing to spurring demand from health protection sectors worldwide. Factors like soaring consciousness of women’s health and development in pharmaceuticals strengthen progesterone market expansion.”, says an FMI analyst.

Key Takeaways:

  • The natural segment in the formulation category is set to grab a share of 62.00% in 2024.
  • In the route of administration category, the injectable segment is set to acquire a market share of 38.20% in 2024.
  • The United States progesterone industry implies augmentation at a CAGR of 12.60% between 2024 and 2034.
  • The United Kingdom progesterone market indicates a CAGR of 13.70% through 2034.
  • Chinese market infers a CAGR of 13.20% through 2034.
  • Japan’s sale of progesterone indicates a CAGR of 14.10% through 2034.
  • South Korean progesterone market reflects expansion between 2024 and 2034 at a CAGR of 14.70%.

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Competitive Landscape:

Prominent progesterone vendors are striving to dominate the market. The industry is set to experience a considerable upsurge in integrated progesterone companies and an amplified presence for regional brands, booming their market share. The progesterone providers adopt novel technologies, research and development, and expansions to augment their position.

Latest Evolutions:

  • In September 2022, the Scottish Medicines Consortium commenced the usage of BIJUVE (1mg Estradiol/100mg Progesterone) across the NHS. Theramex’s Bijuve® is the first body-identical hormone replacement therapy (HRT) signified for estrogen insufficiency traits in postmenopausal women.
  • In May 2023, the FDA sanctioned Veozah, a drug made to curb symptoms like flushing and sweating undergone by women with low estrogen levels.

Key Market Players:

  • Alkem Laboratories Ltd
  • Aquatic Group
  • Bionpharma Inc.
  • Cadila Pharmaceuticals
  • Cipla Inc.

Key Segments:

By Formulation:

  • Natural
  • Synthetic

By Route of Administration:

  • Injectable
  • Oral
  • Transdermal
  • Other

By Application:

  • Menopause
  • Contraception
  • Dysfunctional Uterine Bleeding
  • Hyperplastic Precursor Lesions
  • Endometrial Cancer
  • Other

By Drug Type:

  • Branded
  • Generic

By Type:

  • Prescription
  • OTC

By Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cat Food Market: Nutrition, Innovation, and Growth Ahead

Cat Food Market
Cat Food Market

The cat food market is forecast to expand at 3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 44,744 million in 2023.

The government’s influence on the cat food industry significantly impacts the regulation of available products in various countries. In response, companies are increasingly investing in cat food to cater to the specific dietary needs of felines.

Growing consumer interest in premium products for their pets is prompting firms to develop specialized lines. These premium offerings provide enhanced nutrition and improve the quality of life for pets, thereby driving market growth. As pet ownership rises, the trend of pet food premiumization is becoming more pronounced, indicating a positive market outlook in the coming years.

Additionally, the demand for cat food is climbing as more individuals choose to forgo having children, leading to a rise in pets as companions. The increase in dual-income households and older couples is also contributing to higher rates of cat adoption.

In response to ethical concerns among vegetarians and vegans, cat food manufacturers are pivoting toward vegan options. These companies are enhancing their production capabilities and diversifying their product lines to meet the evolving needs of pet owners.

The rise of e-commerce has made cat food more accessible, allowing consumers to shop without physical limitations. Customers can easily compare prices and assess product benefits from the comfort of their homes before making a purchase.

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Top Highlights from this Market:  

  • The United States cat food industry is projected to be more than 32% in 2023.
  • In the year 2022, the German cat food industry gained a market value of 10%.
  • The Japanese cat food industry is expected to gain more than 0.8% market share in the coming years.
  • The United Kingdom cat food industry is projected to expand at 7.5% CAGR over the forecast period.
  • The Chinese cat food industry is anticipated to expand at a CAGR of 6.7% over the forecast period.
  • The India cat food industry is expected to register a CAGR of 4.5% in the next ten years.
  • Based on nature, the conventional segment acquired a maximum market share of 75% in 2022.
  • Based on the source, the animal-derived segment gained 68.60% market share in 2022.
  • Under the product type category, the kibble/dry category formed 35% of the overall market.
  • Based on pet type, the kitten segment gained a 35% market share in 2022.

Key Players in the Market are Evanger’s Dog & Cat Food Company, Inc., Mars Incorporated, Purina, Hill’s Pet Nutrition, Affinity Petcare SA, Nutro Products Inc., Dave’s Pet Food, Boulder Dog Food Company, Rollover Pet Food Ltd., Real Pet Food Company Pty Ltd, Freshpet, Burgess Group PLC, Nature’s Variety, Fromm Family Foods LLC, JustFoodForDogs, The J.M. Smucker Company, Steve’s Real Food, Natures Goodness Pet Food, Party Animal, Inc.

Market Watch: Innovations in this Market

  • Mars Petcare obtained NomNomNow Inc. in January 2022. The latter is a D2C fresh pet food brand headquartered in Tennessee, United States that sells fresh food, supplements, and cat treats. Mars Petcare integrated the brand into its Royal Canin division.
  • Hill’s Pet Nutrition and Boulder-based company revealed in November 2021 an industry-first collaboration to create a substitute for one of Hill’s most popular meat proteins, especially to meet the cats’ dietary needs.
  • Beaphar procured Pet Food UK, a super-premium pet food firm, in December 2021. The company’s key brands are ‘Meowing Heads’ and ‘Barking Heads’ for cats and dogs, respectively. This acquisition has invigorated the firm’s extant product line and distribution channel.

Industry by Categorization:

By Nature:

  • Organic
  • Monoprotein
  • Conventional

By Source:

  • Animal Derived
    • Fish
    • Chicken
    • Duck
    • Beef
    • Pork
    • Venison/Game
    • Lamb
    • Turkey
  • Plant Derived
  • Insect Derived
    • Crickets
    • Mealworms
    • Black soldier flies

By Product Type:

  • Kibble/Dry
    • Extruded
    • Baked
    • Coated
  • Treats and Chews
    • Pastes
    • Cremes / Cream-Snacks
    • Crunchy snacks
    • Chew sticks
    • Tablets
    • Biscuits
    • Cat Milk / Milk snacks
  • Dehydrated Food
  • Freeze-dried Food
  • Freeze-dried Raw
  • Wet Food
  • Frozen
  • Raw Food
  • Powder

By Pet Type:

  • Kitten
  • Senior

By Packaging Type:

  • Pouches
  • Bags
  • Folding cartons
  • Tubs & Cups
  • Can
  • Bottles & jars

By Distribution Channel:

  • Store-based Retailing
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

About Future Market Insights (FMI)

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

Contact Us:

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