Market Research Blog

The Passenger Car Seat Market is expected to reach a value of USD 43.6 billion in 2024 and is projected to grow to USD 50.4 billion by 2034. During the forecast period from 2024 to 2034, the market is anticipated to expand at a CAGR of 1.5%.

The global passenger car seat market is poised for significant growth in the coming years, driven by increasing demand for advanced features that enhance comfort, safety, and aesthetics. With the growing consumer preference for personalized and ergonomic seating solutions, along with heightened attention to vehicle safety standards, automakers are innovating to meet these evolving demands. The market’s expansion is also influenced by technological advancements in seat materials, designs, and smart features that contribute to both driving comfort and overall vehicle performance.

As electric vehicles (EVs) and autonomous vehicles (AVs) gain traction, the need for optimized seating solutions that cater to these futuristic cars is expected to further drive market growth. Moreover, regulatory pressures regarding crash safety and comfort will continue to spur innovation and demand for high-quality seats in passenger cars worldwide.

Exhaustive Market Report: A Complete Study

Key Drivers of the Passenger Car Seat Market

• Increasing Demand for Comfort and Ergonomics: As consumers become more conscious of comfort and long-distance driving experiences, the demand for ergonomically designed seats with features such as adjustable lumbar support, memory foam, and heating/cooling functions is on the rise.
• Rising Adoption of Advanced Safety Features: The increasing importance of vehicle safety standards and crash test ratings is influencing the design of passenger car seats. Features like side airbags, seat belt technology, and smart sensors are being integrated into modern seating systems to enhance protection in the event of a collision.
• Technological Innovations in Seat Materials: Advances in lightweight and durable materials such as memory foam, carbon fiber, and biodegradable composites are improving seat durability while maintaining comfort. These innovations contribute to reduced vehicle weight and improved fuel efficiency, particularly in electric and hybrid vehicles.
• Growth in Electric and Autonomous Vehicles: The rise of electric and autonomous vehicles is creating new opportunities for the passenger car seat market. As car designs evolve, so too must seating configurations, with increased emphasis on modular designs, adjustable seating, and multifunctional features tailored for future vehicle types.
• Customization and Luxury Features: Consumer interest in personalized seating experiences, including adjustable seat bases, premium upholstery, and heating/cooling functions, is boosting demand in the luxury vehicle segment. As automotive brands compete to offer higher-end seating options, the premium market for seats continues to expand.
• Regulatory Mandates and Crash Safety Standards: Stringent regulations aimed at improving passenger safety are shaping the market. Mandatory safety features such as seat belt pre-tensioners, airbags, and energy-absorbing materials are being incorporated into seating systems to comply with global safety standards.

Key Takeaways from the Passenger Car Seat Market

• Expansion of the Global Market: The passenger car seat market is set to expand rapidly, driven by demand for more comfortable, safe, and technology-integrated seating systems. Innovations in materials and design will play a significant role in shaping the future of the industry.
• Customization is Key: The market is witnessing a trend toward increased seat customization, catering to consumer preferences for more personalized driving experiences. This trend is particularly noticeable in the luxury vehicle segment, where premium seating options are a key differentiator.
• Emphasis on Sustainability: As sustainability becomes a priority, automakers are incorporating eco-friendly materials into seat manufacturing, aligning with consumer demand for environmentally responsible products.
• Safety Standards Remain a Priority: Stringent safety regulations and a growing focus on occupant protection continue to drive demand for seats with integrated safety features such as side airbags and advanced belt systems.
• Technological Integration: The integration of technologies like memory foam, massage functions, heated/cooled seats, and automated adjustments is expected to enhance the appeal of car seats, particularly in higher-end segments and autonomous vehicles.
• Shift Towards Electric and Autonomous Vehicles: The growing penetration of EVs and the anticipated rise in AVs will influence the design and functionality of passenger car seats. Seats will need to be adaptable to new vehicle architectures and innovative cabin layouts.

Competitive Landscape
The competitive landscape of the passenger car seat market is characterized by intense competition among key players striving to maintain and expand their market share globally. Passenger car seats, as one of the integral components of automotive interiors, play a crucial role in shaping the overall driving experience, comfort, and safety for vehicle occupants.Adient plc; Faurecia (Groupe PSA); Lear Corporation; Aisin Corporation (Toyota Motor Corporation); Magna International, Inc.; TS TECH Co., Ltd.; Johnson Controls International PLC; NHK Spring Co., Ltd; TACHI-S CO., LTD.; Gentherm Incorporated

Recent Development

In 2023, Faurecia unveiled its latest innovation, the skin light panel, designed to revolutionize interior front seat solutions. The innovative panel reduces the weight of front seating, consequently creating extra space for rear passengers.
Crafted from a single piece of 3D sculpted mono material polymer, the skin light panel seamlessly envelops the rear of the front seats, offering an alternative to conventional grained or wrapped materials.

Segmentation Analysis of the Passenger Car Seat Market

By Seat Type:

• Bucket
• Split/Bench

By Technology:

• Powered Seats
• Standard Seats
• Heated Seats
• Powered, Heated and Memory Seats
• Powered, Heated and Ventilated Seats
• Powered, Heated, and Memory Seats
• Powered, Heated, and Memory Seats
• Powered, Heated, Ventilated, Massage, and Memory Seats

By Trim Material:

• Synthetic Leather
• Genuine Leather
• Fabric and Foam

By Component Type:

• Seat Belt
• Seat Frame and Structure
• Armrest
• Pneumatic System
• Seat Headrest
• Side/Curtain Airbag
• Seat Headrest
• Seat Recliner and Height Adjuster
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• 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 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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As of 2022, the worldwide sales of lactose market was worth US$ 2,312.5 million. The market is anticipated to expand at a CAGR of 6% from 2023 to 2033, reaching a total of approximately US$ 4,169.8 million by 2033 due to the ongoing consumer movement towards lactose products.

This kind of sugar in lactose may benefit diabetics due to its low glycemic index. Lactose makes it easier for the gut flora to be balanced. It encourages the growth of the beneficial gut bacteria lactobacilli and bifidobacteria. Furthermore, it guards against potentially hazardous microorganisms that cause intestinal infections. Thus, these advantages are anticipated to increase the demand for lactose in the upcoming years.

The market’s growth is mostly a result of the rapidly rising demand for lactose in several industries all over the world. As of 2022, for instance, the demand from customers for lactose has increased significantly over the previous 10 years, and the industry as a whole has expanded along with it, particularly in North America as well as Europe. The anticipated total production, with a growing trend, is 510 000 tonnes. Another notable factor that is predicted to have a considerable impact on the lactose market’s growth over the course of the forecast time frame is the pharmaceutical industry’s quick expansion.

It provides the body with a consistent supply of energy because of its sluggish hydrolysis. Additionally, it encourages the formation of beneficial bacteria like bifidobacteria as well as lactobacilli, which helps to a healthy intestinal ecology and the digestion of minerals like magnesium, calcium, and zinc. Because of these improvements, revenues increased over the anticipated period.

Key Takeaways from the Market Study

• Global lactose market is expected to be valued at US$ 2,921 million by 2023
• From 2018 to 2022, the market demand expanded at a CAGR of 3.3%
• North America is expected to hold the highest market share, with the United States accounting for 32% of revenue
• By end-use type, the pharmaceuticals segment is expected to constitute a 46% market share in 2023.
• On the basis of derivative type, the lactulose segment is expected a 26% share in 2023.
• From 2023 to 2033, lactose market services are expected to flourish at a CAGR of 6%.

“Owing to the varied benefits of lactose and the demand for powder milk for infant powder is accelerating the demand in the global lactose market.” remarks an FMI analyst.

Competitive Landscape

The key players in this market include BASF SE, Davisco Foods International Inc., Armor Pharma, Hilmar Ingredients, Hoogwegt Group B.V., Kerry Group Plc., Lactose India Limited, Merck & Co. KgAa, Milei GmbH and Ba’emek Advanced Technologies Ltd. among others.

Recent Developments:

• The B2B powdered cheese company and its related assets are being purchased by Kerry Group plc from Kraft Heinz for US$ 107.5 million. Kerry anticipates growing its client base, manufacturing capacity, and scale in the snacking market as a consequence of this transaction.
• The first-ever electric milk truck in New Zealand, the Milk-E, has been welcomed by Fonterra Co-operative Group Limited. One of several initiatives helping the Co-op’s aspirations to become a sustainability leader via fleet decarbonization is Fonterra’s Milk-E program.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global lactose market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the lactose market, the market is segmented on the basis of lactose market by form (granule and powder), by end use (food and beverage, pharmaceutical and animal feed), by derivative type (lactose monohydrate, galactose, lactulose, lactitol, other), and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube

In 2023, demand for vegan marshmallows are expected to have a net market share worth of $74.6 Mn, but by 2033, it is predicted to rise to over US$ 172.6 Mn. The growing vegan population around the world is driving demand for vegan marshmallows to grow by 9.8% between 2023 and 2033. Concerns about animal welfare will also contribute to a rise in demand for vegan marshmallows.

As a response to the growing demand for clean-label certifications across prominent regions, plant-based marshmallow manufacturers are introducing vegan marshmallows with unique flavour combinations. In the coming years, the global vegan marshmallow market is expected to grow due to the rising consumption of vegan food products.

The growth of the vegan marshmallow market worldwide is attributed to the fact that marshmallows are vegan and can serve as excellent substitutes for milk-based desserts. As environmental concerns over meat consumption gain prominence, consumers are increasingly turning to flexitarian diets.

Key Takeaways from the Vegan Marshmallows Market Study

• Global vegan marshmallows market to grow at a CAGR of 9.8%.8% between 2023 and 2033
• Peppermint and vanilla are the most popular flavors
• North America remains the dominant vegan marshmallows market.
• A market size of US$ 6 million is expected for vegan marshmallows in the United Kingdom in 2023, exceeding its market share by 11.4%.

Competitive Landscape for the Vegan Marshmallows Market

In response to the growing demand for clean-label certifications across prominent regions, leading vegan product manufacturers are flooding regional markets with innovative flavors, driving the global vegan marshmallows market.

Plant-based marshmallow manufacturers are introducing vegan marshmallows with creative flavour combinations in response to the increasing demand for clean-label certifications across prominent regions. Due to the rising consumption of vegan food products, the global vegan marshmallow market is expected to grow in the coming years.

Freedom Confectionery, Chicago Vegan Foods, Mr. Mallo Group, The Naked Marshmallow Co., Ananda Foods Ltd., and The Marshmallowist the market is growing and establishing a strong global presence.

Recent Developments in the Vegan Marshmallows Market

• In April 2020, Media Sauce Ltd.’s vegan marshmallow specialist Freedom Confectionery will launch the first-to-market concept, vegan marshmallow bars dipped in vegan chocolate.
• In February 2020, PEEPS, a brand name for “Just Born, Inc.” introduced flavored candies made with marshmallows in a collaboration with Kellogg’s, a U.S. company.
• In September 2020, Freedom Confectionery introduced the vegan marshmallow bar Mallow Out, which is coated in vegan chocolate. A twin-pack format featuring vanilla and strawberry mallows is also on the way. Pusheen the Cat has teamed up with the company to manufacture chocolate-coated gummies.
• Mallo Group was able to increase revenue and growth by expanding its product portfolio to include sugar-free, vegan, bio, Kosher, and Halal products through its acquisition of Belgian confectionery giant Mellow Party in 2017.
• In February 2016, a variety of sour marshmallow clouds were introduced by Bonds confectionery including strawberry, lemon, cherry cola, and more.
• The U.S. version of Stuffed Puffs LLC’s chocolate-stuffed marshmallow launched in April 2020.

Vegan Marshmallows Market Segmentation by Category

By Ingredient:

• Vanilla
• Pumpkin
• Peppermint
• Chocolate
• Others

By Distribution Channel:

• Hypermarkets/Supermarkets
• Convenience Store
• Drug Stores & Pharmacies
• Health & Wellness Stores
• Online Retailing
• Other Retailers

By Region:

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

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube

The vegan protein bars market is expected to reach US$ 757.5 million by 2023. According to Future Market Insights’ estimates, the market is likely to generate US$ 3.965.7 million between 2023 and 2033, representing a compound annual growth rate of 18%.

The popularity of vegetarian and plant-based diets has increased over the past decade. Several factors have influenced these dietary changes, including concerns for animal welfare, environmental sustainability, and personal health. A growing number of consumers are turning to plant-based options, which is driving the demand for vegan protein bars.

Consumers are increasingly seeking nutritious and functional foods, which has led to substantial growth in the health and wellness industry. For those looking to maintain an active lifestyle or support their fitness goals, vegan protein bars can provide a convenient and healthy snack option.

Sustainable food choices are becoming more popular among consumers, who are becoming aware of how their food choices impact the environment. Protein bars made from plant-based ingredients usually have a lower carbon footprint than those made from animal proteins. Customers who are environmentally conscious may be attracted to this eco-friendly aspect of the product.

Key Takeaways from the Market Study

• Based on the report, the vegan protein bars market exhibited a positive growth trajectory of 3.1% between 2018 and 2022.
• The growing awareness about the benefits of soy has been a catalyst for the growth of soy-based vegan protein bars in the market. It is estimated that the market will possess a market share of 34.70% during the forecast period.
• In the coming years, vegan protein bars are expected to capture 23.5% of the market share in the United States.
• Health and wellness have experienced a significant growth rate in recent years, with a market share expected to reach 25.10% by 2033.
• Over the period of 2023 to 2033, the Indian market is estimated to hold a market share of 17.4%.
• According to forecasts, German vegan protein bars will hold 14.5% of the market share.
• Conventional vegan protein bars is expected to hold 87.70% of the market share

Competitive Landscape

Globally, national and international companies primarily produce vegan protein bars. Manufacturers of food and beverages offer a wide selection of protein bars to satisfy consumers’ diverse tastes and appetites. The company offers vegan protein bars, organics, and natural food products to meet the needs of vegan food manufacturers. As well as producing vegan protein bars, producers run smaller operations and export many products.

• In May 2023, Beyond vegan shakes, Malaysian brand Metier Food tantalises with new dairy-free protein bars and tempeh chips. Heal Breakfast Protein Bars are among the new products offered by Metier Food’s flagship Heal Nutrition brand. Chocolate Crunch and Fruity Raspberry protein bars are dairy-free and lactose-free.
• In July 2023, MadeGood introduced Blueberry, Chocolate Chip, and Cinnamon Bun MadeGood Mornings Soft Baked Oat Bars, the company’s first breakfast product. They are all vegan and gluten-free, free of common allergens, and made from organic and non-GMO ingredients.

Know More about What the vegan protein bars Market Report Covers

Future Market Insights offers an unbiased analysis of the global vegan protein bars market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the vegan protein bars market, the market is segmented based on nature, flavor, ingredient, and distribution channel industry type across seven major regions.

Vegan Protein Bars Market Segmentation

By Nature:

• Organic
• Conventional

By Flavor:

• Chocolate-Vanilla
• Chocolate-Caramel
• Peanut Butter
• Cherry Cashew
• Fruit & Nut
• Hazelnuts
• Others

By Ingredient Type:

• Soy
• Pea
• Nuts
• Hemp
• Others

By Distribution Channel:

• Convenience Stores
• Hypermarkets/Supermarkets
• Traditional Grocery Stores
• Drug Stores & Pharmacies
• Health & Wellness Stores
• Online Retailing

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• Middle East & 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube

The plant-based cheese market is predicted to be valued at US$ 3,068 million in 2024. The market for plant-based cheese is expected to grow at a compound annual growth rate (CAGR) of 12.2% between 2024 and 2034 to reach a value of US$ 9,658 million. This expansion is due to consumers seeking cruelty-free, environmentally friendly, and sustainably produced substitutes for conventional dairy products. It also reflects a trend toward a plant-based diet, as seen by the various product offers, exquisite flavor, and health-conscious consumer base.

It is projected that shifting consumption habits, increased interest in plant-based dairy products, a surplus of capital, and expanding acceptance of Western lifestyles drive the plant-based cheese industry. The food service industry has also made a substantial contribution to the growth of the vegan cheese industry by labeling its goods with vegan cheese and serving vegan cheese-based appetizers. People who are allergic to dairy products or lactose intolerant are increasingly choosing plant-based cheese.

Concerns about animal welfare, the growth in vegans, and the adoption of plant-based goods by those who are allergic to dairy all contribute to the global trend of replacing dairy products with plant-based alternatives.

Vegan cheese has a lower fat content than dairy cheese but offers equivalent vitamins, proteins, and carbohydrates. Eating vegan cuisine has been shown to improve health. The millennial is creating creative ways to use artisanal vegan cheese, which is becoming increasingly common in fast food, hotels, cafés, and restaurants to serve a huge crowd.

The rise in popularity of plant-based diets and veganism is causing rapid changes in the food business. With the increasing availability of vegan cheese, ‘clean’ labeling is becoming increasingly popular. It comprises plant-based starch and oil (derived from nuts), cheese replacements, and fermented cheese. The global plant-based cheese market is expected to grow significantly due to consumers’ increasing adoption of health-conscious dietary habits.

As people become more aware of the benefits of plant-based diets, there is a growing demand for cheese alternatives made from plant-based ingredients. This trend is likely to continue in the coming years, driven by factors such as rising awareness about the environmental impact of animal agriculture and concerns about animal welfare. As a result, the plant-based cheese market is poised for strong growth, offering new opportunities for manufacturers and suppliers in the food industry.

“Demand for plant-based cheese substitutes is rising due to growing benefits and awareness of plant-based diets. Concerns about animal welfare and the negative environmental effects of animal agriculture are fueling the trend of consuming vegan products. Consequently, the market for plant-based cheese is anticipated to rise rapidly, presenting novel prospects for food industry suppliers and manufacturers.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Plant-based Cheese Market 

• The soy milk-based cheese segment is set to capture a significant 38.2% share of the plant-based cheese industry in 2024.
• The B2C distribution channel is projected to dominate with an 83.8% market share in 2024.
• The United States plant-based cheese industry is expected to experience a CAGR of 8.2% through 2034.
• Germany plant-based cheese market is expected to demonstrate a remarkable CAGR of 10.2% through 2034.
• The United Kingdom plant-based cheese industry is anticipated to see a CAGR of 8.7% through 2034.
• India plant-based cheese industry showcases a healthy CAGR of 8.4% through 2034.
• China plant-based cheese market is expected to display an average CAGR of 3.3% through 2034.

Competitive Landscape

The market for plant-based cheese is extremely competitive, with businesses striving for supremacy through various tactics like pricing plans, advertising campaigns, research and development, and the creation of new products. The fragmented vegan cheese market heavily emphasizes competitive forces and strategic decision-making. Competitors substantially engage in research and development to provide cutting-edge, cruelty-free dairy products to keep ahead.

Organizations strive to enhance their market share and operational efficiency by forming strategic alliances, partnerships, and collaborations. Manufacturers of plant-based dairy products employ a range of marketing strategies, such as collaborations and the introduction of new products, to grow their clientele and get a competitive advantage. Companies may preserve their leadership positions in the industry and remain ahead of their peers by continuously inventing and creating novel ways to interact with their target consumer base.

Recent Developments in the Plant-based Cheese Market

• In January 2024, South Korean food technology company Armored Fresh developed a range of plant-based almond products that replicate the taste and texture of dairy cheese while providing essential nutrients and high protein content, potentially revolutionizing the food industry.
• In January 2024, The American company The Laughing Cow launched a new range of plant-based spreadable cheese products in response to the growing demand for dairy-free alternatives. These innovative spreads give consumers a guilt-free option for snacking and spreading their favorite foods.

Key Segments

By Source:

• Oat Milk
• Rice Milk
• Corn Milk
• Soy-Milk
• Pea Milk
• Almond Milk
• Coconut Milk
• Cashew Milk
• Flax Milk
• Hemp Milk
• Other

By Distribution Channel:

• B2B
  • Hotels
  • Restaurants
  • Cafes
• B2C
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Mom and Pop Stores
  • Discount Stores
  • Food & Drink Specialty Stores
  • Independent Small Groceries
  • Online Retail
  • Others

By Region:

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube

As per the latest market research conducted by FMI, the global plant-based tuna market is expected to record a CAGR of 17% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 284 million. By 2033, the valuation is anticipated to reach USD 1,320.6 million.

Increasing public awareness of the harmful health impacts of consuming animal products and ethical concerns surrounding animal agriculture is contributing to a gradual mainstream adoption of veganism and plant-based diets. The market is expanding more rapidly than anticipated during the projected term as a result of this. Moreover, market leaders are introducing unique products to fulfill the needs of consumers globally. These products contain ingredients with many health benefits and have a tuna-like flavor and texture.

Key Takeaways:

• The plant-based tuna market is anticipated to reach a valuation of US$ 284 million in 2023.
• The plant-based tuna market is predicted to record a CAGR of 17% through 2033.
• The plant-based tuna market is expected to expand, particularly as the flexitarian population increases.
• The plant-based tuna market is expected to surpass 1,320.6 million by 2033.
• The plant-based tuna market recorded a CAGR of 4% from 2018 to 2022.
• The United States plant-based tuna market recorded a CAGR of 27.1% in 2022
• The plant-based tuna market in China recorded a CAGR of 16.7% in 2022
• The plant-based tuna market in India recorded a CAGR of 14.3% in 2022
• The plant-based tuna market in Japan recorded a CAGR of 1.1% in 2022

Competitive Background:

The key players operating in the plant-based tuna market are investing in mergers and acquisitions to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the plant-based tuna market. As a result, market participants are likely to have a better overall revenue share in the global plant-based tuna market.

Developments in the Market:

• Atlantic Natural Foods, a leading brand, offers a unique combination of flavor and texture in its products which is the outcome of the company’s growing research and development investments.
• Nestlé declared the launching of Vuna, a plant-based tuna, in August 2020 as its most inventive product to date. The company’s first product which isn’t seafood was initially intended to launch in Switzerland.
• Gathered Foods, one of the well-known manufacturers of plant-based seafood, entered the restaurant industry by collaborating with Vegetarian Grill. Then Vegetarian Grill announced that a special and limited-edition tuna melt available from October 2020 menu list.

Significant Players in the Market:

• Good Catch
• Ocean Hugger Foods
• Sophie’s Kitchen
• New Wave Foods
• Gardein, Beyond Meat
• Prime Roots
• Atlantic Natural Foods
• Nestlé S.A
• Avant Meats

Key Segments

Format:

• Refrigerated
• Frozen
• Others

Source:

• Soy-based Protein
• Wheat-based Protein
• Pea-based Protein
• Canola-based Protein
• Fava Bean-based Protein
• Potato-based Protein
• Rice-based Protein
• Lentil-based Protein
• Flax-based Protein
• Chia-based Protein
• Corn-based Protein

Distribution Channel:

• Retail
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Stores
• Online Retail
• HoReCa (Food Service Sector)

Regional Outlook:

• North America – United States, Canada
• Latin America – Mexico, Brazil, Rest of Latin America
• Europe – EU-4, United Kingdom., BENELUX, Nordics, Russia, Poland Rest of Europe
• The Middle East and Africa – GCC Countries, Türkiye, Northern Africa, South Africa, Rest of MEA
• East Asia – China, Japan, South Korea
• South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
• Oceania – Australia, New Zealand

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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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The avocado oil market had a value of USD 287.2 million in 2022, and by 2033, it was projected to have grown to USD 975 million, with a CAGR of 5.9%. Since avocado oil’s nutrient composition boasts a higher content of healthy fatty acids, the health-conscious population, especially those who are struggling with weight issues, becomes the dominant avocado oil customer base. Marketers promote avocado oil as an instant, healthier alternative to other frying and salad dressing oils, as well as to olive oil.

FMI evaluates the growth rates and future expansion potential of the global market every six months, considering both demographic and innovative factors that are influenced by macroeconomic and industry-specific trends.

The global rise in lifestyle-related diseases, such as cardiovascular issues, has spurred increased research into the health benefits of avocado oil. This versatile oil is used in various sectors, including cosmetics, healthcare, and personal care.

Its growing significance in the medical field is attributed to its numerous benefits, including promoting weight loss, enhancing digestion, improving heart health, and being a rich source of vitamin E. These factors are expected to drive the continued growth of the global avocado oil market.

Declining demand for fatty oils owing to potential health hazards is fostering popularity of healthy oils, thereby favoring avocado oil sales.

The drawbacks of olive oil, such as the unpleasant flavor and odor it imparts to food, also lead customers to choose alternative delectable and nutritious oils, like avocado oil, which is a major driver in the expansion of the avocado oil industry. Changes in consumer purchasing habits, such as the initial recognition of the nutritious makeup of a food item and a preference for natural and healthy components, have a significant role in pushing forth the demand for avocado oil in the coming years.

It is now more crucial than ever for the public to be aware of health dangers and take proper precautions. Scientists and medical professionals have also looked into natural treatments and solutions for such chronic illnesses. This has expedited the study of the substance due to the health benefits associated with using avocado oil. There are several uses for avocado oil, particularly in cosmetics, personal care products, and medicine.

It has gained recognition in therapeutic applications due to its many advantages, including weight loss, enhanced heart health, better digestion, accelerated wound healing, radiant skin, and detoxification. Throughout the projected period, avocado oil consumption is probably going to increase, driving the worldwide avocado oil market.

Key Takeaways are:

• The global avocado oil market saw sales expand significantly between 2018 and 2022, with a CAGR of 4.1%.
• The extra-virgin oil market is projected to represent 44.5% of the global avocado oil market in 2023.
• The food and beverage industry gained a 51.5% market share of the avocado oil market worldwide in 2022.
• The avocado oil market in North America accounted for more than 30% of the worldwide market in 2022.
• The North American market share for avocado oil in the United States was 67.9% in 2022.

“The high-income growth rate in industrialized nations, along with the rapid pace of urbanization and the increase of the upper middle class, is the main driver behind the rising usage of avocado fruit oil in several sectors,” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the Avocado Oil Market are:

• Spectrum Organics Products, LLC
• Bella Vado Inc.
• The Village Press
• La Tourangelle, Inc.
• Proteco Gold Pty Ltd.
• Sesajal S.A de C.V.
• Grupo Industrial Batellero
• Grove Avocado Oil
• Cibaria International
• Olivado USA

Leading manufacturers of avocado oil are zealously pursuing marketing methods such new product innovations, collaborations, technological breakthroughs, R&D activities, investments, and even acquisitions to enhance their worldwide exposure.

• The French company Laboratoires Expanscience introduced a new organic, emollient, and nutritious avocado fruit oil in 2021. It was made by cold pressing entire, previously dried avocados.
• New York-based company Glow Recipe announced the release of Avocado Ceramide Recovery Serum in 2021. This lotion can improve the skin’s moisture barrier as well as improve the complexion. Ceramides along with avocado fruit oil are the two components worth mentioning since they both provide comfort and TLC. Both Sephora.com and the brand’s website offer the product for sale.

Key Segmentation:

By Type:

• Extra Virgin Oil
• Virgin Oil
• Pure/Refined Oil
• Blend

By Application:

• Food and Beverages
• Pharmaceuticals and Medicinal Formulations
• Personal Care and Cosmetics
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and the Pacific
• East Asia,
• 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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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The global hydroponics market size is anticipated to grow at a CAGR of 13.7% over the projected period, according to a Future Market Insights analysis. The hydroponics sector is anticipated to be worth USD 12,644 million in 2023. By 2033, FMI anticipated that the hydroponics market could increase to USD 45,623 million.

Hydroponics is an advanced crop production method that enables plant growth in a soilless environment using nutrient-rich solutions. This technique is increasingly popular for growing crops without relying on pesticides or artificial ripening agents. Hydroponics offers several advantages, including improved nutrient management, faster crop yields, and the prevention of soil-borne diseases. As a result, the demand for hydroponic crops is expected to grow significantly in the coming years.

With the global population rapidly increasing—by approximately 200,000 people per day—the demand for food is rising sharply. Meanwhile, the availability of arable land is shrinking due to factors like insect infestations, natural disasters such as droughts and floods, and rising production costs. This has led to a surge in global investment in commercial hydroponic systems.

Being a form of space-efficient food production that even those without access to land in urban areas and rural areas may adopt, hydroponics offers a workable approach to achieving food security. Owing to rising concerns about environmental deterioration brought on by greenhouse effects, hydroponic farming has become more significant. Also, there has been a progressive rise in the need for hydroponic farming to fulfill the mushrooming demand for fruits and vegetables as agricultural infrastructures have evolved and improved.

Since it involves less water, labor, and land, producing food without the use of pesticides or other crop protection agents is very profitable. The growing demand for fruits and vegetables grown without pesticides is another factor boosting the market for hydroponic systems. It is becoming more and more typical for plants to move mechanically. There are likely to be more inventive chances for the sector to flourish as concerns about food supply and security grow.

Hydroponic farming has been progressively growing to increase vegetable output and fulfill the demand that is mushrooming as a result of the growth and development of agricultural infrastructures. Hydroponic farming has become more crucial due to growing worries about environmental deterioration brought on by greenhouse effects.

Hydroponic farming is anticipated to evolve as a result of rising investments in cutting-edge agricultural technology and innovation trends. Since hydroponic farming requires 95% less water than conventional farming, the business is expanding. With the use of this technology, crops may be produced in cities in several vertical and horizontal layers without the need for soil.

In line with the rising appeal of hydroponics throughout the world, businesses and experts are working to boost the effectiveness of the hydroponics system to boost both the quantity and quality of the output. Several companies make significant investments in research and development to obtain cutting-edge technologies that boost output and inspire various cultivars. Strong partnerships with academic institutions and research facilities support the growth of the hydroponics business.

Given the widespread adoption of hydroponics in nations like China, Australia, South Korea, and others, Asia Pacific had the lion’s share of the hydroponics market in 2022. With the proliferation of urban hydroponic farms, FMI anticipated that the market in China and India could grow considerably over the forecast period.

KEY TAKEAWAYS

• The market in the United States has grown significantly in 2022 holding a 19.3% share of the global market.
• The market in China is expected to grow at a CAGR of 8% over the forecast period.
• The market in the United Kingdom is anticipated to grow at a CAGR of 7.5% through 2033.
• With a CAGR of 13.4% over the forecast period, India is predicted to grow rapidly in the market.
• Germany accounted for 9.9% of the global market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the hydroponics market are Emerald Harvest, Argus Control Systems Limited, Hydroponic Systems International, Emirates Hydroponics Farms, Advanced Nutrients (Canada), Freight Farms, Inc., Green Sense Farms Holdings, Inc., Signify Holding B.V., Terra Tech Corp, and others.

These companies have used a variety of strategies to get a solid advantage over their rivals. They have grown their number of new clients and prosperity by putting both organic and inorganic operational strategies into practice, such as the introduction of innovative goods, acquisitions, mergers, corporate modernization, and collaborations.

RECENT DEVELOPMENTS

• In October 2022, GrowGeneration Corp. (GRWG) established its first hydroponic store in Virginia, a 9,000-square-foot location in Richmond. To take advantage of the growing hydroponics market, GRWG intends to increase the number of its stores in the region.
• In July 2022, with a $40 million investment, Bustanica unveiled the leading hydroponic farm in the world. Emirates Crop One, a partnership between Crop One, and Emirates Flight Catering (EKFC), opened its first vertical farm at the site.

Hydroponics Market Segmentation

By Product Type:

• Aggregate Systems
• Liquid Systems

By Equipment:

• HVAC
• Irrigation Systems
• Control Systems
• LED grow Lights
• Material Handing
• Others

By Input:

• Nutrients
• Rockwool

By Crop Type:

• Tomato
• Lettuce and Leafy Vegetables
• Pepper
• Cucumber
• Microgreens
• Herbs
• Fruits
• 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube

The food flavor enhancer market is appetizing for growth, poised to reach a value of USD 16.25 billion by 2033. This market presents a delicious opportunity to capitalize on the rising consumer demand for convenience foods and a desire for bolder, more exciting flavors. Food flavor enhancers play a critical role in elevating taste profiles and masking undesirable ones, making them a valuable tool for food and beverage manufacturers.

The global food flavor enhancers market has been witnessing significant growth, driven by changing consumer preferences and the rising demand for enhanced taste and aroma in food products. Flavor enhancers are substances that amplify the flavor profile of food without significantly contributing to their nutritional value. Common types include monosodium glutamate (MSG), hydrolyzed vegetable proteins, yeast extracts, and natural flavoring agents. These enhancers are widely used across various applications, including processed foods, snacks, beverages, and convenience meals.

A major driver of this market is the growing popularity of convenience and ready-to-eat foods, especially in urban areas with busy lifestyles. Additionally, the increasing demand for plant-based and clean-label products has prompted manufacturers to focus on natural flavor enhancers. Innovation in flavor technology and the integration of health-conscious formulations are key trends shaping the industry. However, concerns over the health impacts of synthetic enhancers, such as MSG, and regulatory restrictions may pose challenges.

Demand for Flavorful Enhancements on the Rise

Consumers are increasingly seeking convenient and flavorful food options. This trend is driving the demand for food flavor enhancers, offering a multitude of benefits:

• Natural Appeal: The rising health consciousness of consumers is fueling the demand for natural flavor enhancers derived from botanical sources, spices, and fruits. This shift aligns with the clean-label movement, where consumers prioritize recognizable and natural ingredients.

• Functional Food Frenzy: The popularity of functional foods, enriched with health benefits, is creating exciting opportunities for innovative flavor enhancer applications. Manufacturers can leverage natural enhancers to create healthier and tastier functional food options.

• Global Palate Craving Variety: There’s a growing interest in exploring diverse global cuisines, with their unique blends of spices and flavors. Food flavor enhancers allow manufacturers to cater to this adventurous consumer palate by creating innovative flavor profiles.

• Low-Fat, Low-Sodium Solutions: Food flavor enhancers can help manufacturers create low-fat and low-sodium food options that still deliver a satisfying taste experience. This caters to the growing health-conscious demographic seeking healthier dietary choices.

The demand for natural and organic food flavor enhancers has increased as people become more conscious of eating healthy foods and leading healthy lifestyles. The FSSAI (Food Safety and Standards Authority of India) and the U.S. Food & Drug Administration have both implemented strict rules, which has increased demand for safe flavor enhancers.

Growing Factors Expanding Market Horizons

Beyond core demand trends, additional elements are creating an enticing investment landscape in the food flavor enhancer market:

• Innovation is the Spice of Life: Market leaders are constantly developing new flavor enhancer formulations, catering to specific dietary needs and taste preferences. This focus on innovation ensures the market stays ahead of the curve.

• Plant-Based Boom: The burgeoning plant-based food market presents a significant opportunity for natural flavor enhancers. Manufacturers can utilize plant extracts and vegetable powders to create vegan-friendly flavor profiles.

• Pet Food Flavor Frenzy: The growing pet humanization trend is extending to pet food as well. With pet owners seeking premium and flavorful food options for their furry companions, the demand for pet food flavor enhancers is expected to rise.

• Focus on Sweet Success: The beverage industry, particularly sports drinks and functional beverages, is increasingly utilizing flavor enhancers to create appealing taste profiles alongside desired functionality.

Key Takeaways

• In 2022, the United States accounted for 7.1% share in the food flavor enhancer market.
• The food flavor enhancer market was significantly expanding, with a size of US$ 8,400 million in 2022.
• Market shows amazing opportunities due to the diversity in flavors, and expects a growth rate of 1.04x between 2022 and 2023.
• The market in China is anticipated to expand at an adequate CAGR of 4.8% by 2033.
• In 2022, Germany accounted for 4.8% CAGR in the food flavor enhancer market.
• In 2022, Australia accounted for 2.9% CAGR in the food flavor enhancer market.
• By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 6%.
• Based on the end use, the food service/HoReCa is likely to lead the market and continue to lead the market.
• Based on source, the plant-based segment continues to dominate the sector during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

Companies are creating unique flavors, preferably manufactured from ingredients with clean labels that come from natural sources. To keep up with changing consumer preferences and needs, these businesses continually spend in research and development initiatives to create novel flavor enhancers.

Recent Developments

• 2020 saw the arrival of Givaudan’s new Tastepoint line of natural flavors, which features a range of flavors such as fruit, dairy, savory, sweet, and beverage flavors.
• Firmenich purchased Senomyx, a US-based business that specializes in creating and marketing flavor compounds, in 2019.
• Tate & Lyle PLC expanded its operations in Thailand’s tapioca-based industry in February 2021, when it fully bought 85% of Chaodee Modified Starch Co. Ltd. The program gives the business the ability to meet consumer demand for clean-label foods. This also denotes the company’s growth in the Asia Pacific region.

Key Players

• Koninklijke DSM N.V.
• B&G Foods Inc.
• Sensient Technologies Corporation
• Cargill Inc.
• Givaudan S.A.
• Ajinomoto Group
• Archer Daniels Midland Company
• Kerry Group
• A&B Ingredients
• International Flavors and Fragrances
• Bell Flavors & Fragrances
• Scelta Mushrooms B.V.
• DPO International Sdn. Bhd.
• Penta Manufacturing Company

Key Segment

By Form:

• Powder
• Liquid

By Product Type:

• Glutamates
• Hydrolyzed Vegetable Protein
• Yeast Extract
• Others (Meat Extract, Plant Extract)

By Source:

• Plant-based
• Yeast
• Seaweed
• Synthetic

By End Use:

• Soups and Sauces
• Meat and Seafood
• Ready Meals/Prepared Foods
• Dairy Products
• Snacks, Savouries, and Seasonings
• Beverages
• Bakery and Confectionery
• Foodservice/HoReCa
• Household/Retail
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• Southeast Asia & Rest of APAC
• 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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube

As per the latest market research conducted by FMI, the global phosphatidylserine market is expected to record a CAGR of 5.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 178.19 million. By 2033, the valuation is anticipated to reach USD 298.1 million.

The phosphatidylserine market is witnessing significant growth, driven by the rising awareness of its cognitive health benefits and expanding applications in dietary supplements, functional foods, and pharmaceuticals. Phosphatidylserine, a phospholipid commonly found in cell membranes, is recognized for supporting brain health, improving memory, and reducing symptoms of age-related cognitive decline. This natural compound is increasingly sought after by health-conscious consumers, particularly in regions with aging populations, such as North America and Europe.

Key factors influencing the market include the growing adoption of preventive healthcare, increasing demand for nootropic products, and a shift toward plant-based sources of phosphatidylserine, such as soy and sunflower. Furthermore, advancements in extraction and manufacturing processes have made phosphatidylserine more accessible and affordable, further boosting market growth. Emerging markets in Asia-Pacific and Latin America are also presenting lucrative opportunities due to rising disposable incomes and a growing focus on mental health.

Market Overview: Phosphatidylserine Gaining Traction

Phosphatidylserine is a naturally occurring phospholipid present in the human brain. It plays a crucial role in cognitive function and memory. The market for phosphatidylserine is witnessing increasing demand due to its growing applications in various sectors:

• Dietary Supplements: A significant portion of the market is driven by the use of phosphatidylserine in dietary supplements, particularly for promoting cognitive health and memory function in aging populations.
• Functional Foods: The rising trend of functional foods fortified with health-enhancing ingredients is creating opportunities for phosphatidylserine. Food and beverage manufacturers are incorporating phosphatidylserine to enhance the nutritional value of their products.
• Medical Foods: Phosphatidylserine holds promise for its potential benefits in managing neurological conditions like Alzheimer’s disease and dementia. Growing research in this area is expected to fuel demand in the pharmaceutical industry.
• Cosmetics: While currently a niche application, the use of phosphatidylserine in cosmetics is anticipated to grow as research delves into its potential benefits for skin health.

Several factors are propelling the growth of the phosphatidylserine market:

• Rising Health Consciousness: Consumers are increasingly focusing on preventive healthcare and natural solutions for maintaining cognitive health. This trend is driving demand for functional foods and dietary supplements containing phosphatidylserine.
• Aging Population: The global population is aging rapidly, with a growing number of individuals reaching ages where cognitive decline becomes a concern. This demographic shift is creating a larger target market for phosphatidylserine products.
• Growing Awareness of Cognitive Decline: Public awareness of conditions like Alzheimer’s disease and dementia is on the rise. This, coupled with the limited treatment options available, is leading individuals to explore alternative solutions like phosphatidylserine supplementation.
• Shift Towards Plant-based Products: The growing consumer preference for plant-based products is influencing the phosphatidylserine market. Manufacturers are increasingly sourcing phosphatidylserine from plant sources like soybeans to cater to this demand.

Development in the Market:

• NZMP milk phospholipid 70 was introduced in 2021 by the New Zealand-based Corporation Fonterra Co-Operative Group Ltd under the trade name NZMP. This phospholipid ingredient is suitable for many food and beverage products, such as nutritional bars, ready-to-mix health powders, and supplement sachets. It is specially formulated for the behavioral therapy and mental function under stress issues that have been magnified during the pandemic period.

Key Takeaways:

• The phosphatidylserine market is anticipated to reach a valuation of US$ 178.19 million in 2023.
• The low adoption rate of dietary supplements and functional foods in many emerging economies may restrain the market to some extent.
• The phosphatidylserine market recorded a CAGR of 9% from 2018 to 2022.
• The market in China is expected to record a CAGR of 6.7% over the forecast period.
• The phosphatidylserine market is expected to surpass US$ 298.1 million by 2033.
• Phosphatidylserine is in high demand because of its benefits for cognitive function. Its application in the food and pharmaceutical industries is expected to increase phosphatidylserine’s market share, thus this primary factor is expected to drive the
• The phosphatidylserine market is predicted to record a CAGR of 3% through 2033
• The market in the United Kingdom is expected to record a CAGR of 5.8% over the forecast period.
• The phosphatidylserine market reached a valuation of US$ 169.48 million in 2022
• The market in the United States is expected to record a CAGR of 5.6% over the forecast period.

Competitive Background:

The key players operating in the phosphatidylserine market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the phosphatidylserine market. As a result, market participants are likely to have a better overall revenue share in the global phosphatidylserine market.

Significant Key Players in the Phosphatidylserine Market Include:

• Lonza AG
• Enzymotec Ltd
• Lipogen Products Ltd.
• Doosan Corporation
• Novastell
• Nagase ChemteX Corporation
• Bontac Bio-engineering (Shenzhen) Co. Ltd.
• ECA Healthcare, Inc.
• Lipoid GmbH
• Chemi Nutra LLC
• Others

Global Phosphatidylserine Market: Segmentation

By Form:

• Powder
• Liquid

By End Use:

• Functional Foods
• Dietary Supplements & Nutraceuticals
• Cosmetics & Personal Care

By Grade:

• Food Grade
• Pharmaceutical Grade

By Nature:

• Organic
• Conventional

By Source:

• Plant Source
  • Soybean
  • Sunflower
  • Others (Cabbage etc.)
• Animal-derived

By Region:

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

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact FMI:
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
LinkedIn| Twitter| Blogs | YouTube