Market Research Blog – Page 835 – New Product Development

Tissue Cultured Date Palm Market Agricultural Advancements Driving Industry Growth

In a recently revised version, trends suggest worth USD 4,836.68 million for the tissue cultured date palm market in 2024. As these trends gain significance and become mainstream, sales of tissue cultured date palms garner the potential to aim for a valuation and acquire USD 11,298.42 million by 2034. This indicates a robust CAGR of 8.90% from 2024 to 2034.

These are ardently promoted as a natural sweetener, healthy snack option, superfood, and exceptional baby food ingredient, and date palms envisage widespread adoption. Fitness fanatic consumers progressively employ tissue cultured date palms as a brown or white sugar substitute that bolsters their need for a natural sweetener in assorted packaged products.

Tissue cultured date palm is adopted as a sweetener and renders an antioxidant position and an opulent supplement description. The ascending adoption of these date palms as a preferable solution to traditional sugar augments the tissue cultured date palm market growth.

The ignorance among farmers about the potential and merits of tissue cultured date palms hinders tissue cultured date palm market growth. Education and outreach campaigns are effective in surmounting the hurdle. The underdeveloped facilities, specifically in regions with confined amenities or remote areas, present a roadblock in setting up and strengthening tissue culture provisions.

Tissue Cultured Date Palm Market:

Attributes	Tissue Cultured Date Palm Market
Value-based CAGR (2024 to 2034)	8.90%
Growth Factor	Modernizing date palm cultivation processes through government funding and initiatives encourages sales of tissue cultured date palms. The bolstering knowledge of the advantages of date palms grown in tissue culture for sustainable farming spurs the adoption of tissue cultured date palms.
Market Trend	Using tissue culture technologies to multiply premium date palm varieties quickly escalates the tissue cultured date palm market growth. Blending tissue-cultured date palms for ecological and commercial advantages into agroforestry and landscape strategies amplifies the demand for tissue cultured date palms.
Market Restraint	Worries about the adaptability and performance of tissue-cultured date palms in outdoor environments inhibit development of tissue cultured date palms. Long approval procedures and regulatory obstacles for date palm cultivars developed from tissue culture restrict the tissue cultured date palm demand.

Regional Outlook

The demand for infection-resistant and productive date palm varieties endures the growth of the tissue cultured date palm industry in the arid regions of North America. The innovation in the technology of tissue culture procedures and genetic engineering bolsters modification and amplifies tissue culture date palm market expansion in North America.

Rigid rules on importing date palms curb the disease spread and spur the sales for tissue cultured date palm in Europe. Burgeoning consciousness surrounding the benefits of tissue cultured date palms in retaining biodiversity and conserving natural habitats ushers tissue cultured date palm market growth in Europe.

Urbanization and evolving disposable income in the Asia Pacific thrust the demand for tissue cultured date palms. Government strategies nurture sustainable agriculture practices and cater to the growth of the tissue cultured date palm sector in Asia Pacific.

Key Takeaways

The medjool segment in the variety category to grab a significant share of 28.50% in 2024.
In the nature category, the female inflorescences segment to acquire a market share of 67.50% in 2024.
Japan’s tissue culture date palm market to imply expansion at a CAGR of 7.30% through 2034.
From 2024 to 2034, the India tissue cultured date palm market to progress at a CAGR of 6.90%.
China’s tissue culture date palm market to exhibit an upsurge at a CAGR of 6.60% between 2024 and 2034.
The United States tissue cultured date palm industry to reflect expansion between 2024 and 2034 at a CAGR of 5.20%.
Sales of tissue cultured date palm in Germany to record a CAGR of 4.60% through 2034.

Competitive Landscape

The dominant tissue cultured date palm vendors emphasize introducing new varieties of the tissue cultured date palm to diversify their consumer base. Tissue cultured date palm producers are chipping in money for research and development to strengthen their portfolio. Manufacturers of tissue cultured date palms participate in mergers, acquisitions, and joint ventures to reinforce their geographical footprint and manufacturing capacity, serving as an avenue for market expansion.

Prominent Tissue Cultured Date Palm Vendors

Plant Cell Technology
Atul Ltd
Kutch Crop Services Pvt. Ltd.
Phoenix Agrotech LLC
Zemach Tissue Culture Ltd
Devku Nursery
D.P.D. Ltd. (Date Palm Developments)
EFC Plants
Al Wathba Marionnet LLC
Ace Date Palm Tissue Culture Laboratory (ADPTL)
Others

Latest Developments

Far Eastern New Century Corporation proclaimed the acquisition of Phoenix Technologies International LLC in Ohio in June 2019, with a yearly capacity of 36,000 tons.
Ayana Bio, the plant cell technology firm making green bioactive for consumer items, based in the United States declared the debut of its Plant Cell Advantage ingredient portfolio in October 2023.

Market Segmentation

By Nature:

Female Inflorescences
Male Inflorescences

By Variety:

Barhi
Medjool
Deglet Noor
Elite Varieties of Kutch
Male Barhi
Others

By Sales Channel:

B2B / HoReCa
B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food and Drink Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats

By Application:

Food and Beverage Industry
Personal Care Industry
Pharmaceutical Industry
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.

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Native Whey Protein Market Poised for Expansion, Projected to Grow from USD 15.3 Billion in 2024 to USD 28.7 Billion by 2034 | Future Market Insights, Inc.

The worldwide native whey protein market size is estimated to total USD 15.3 billion in 2024 and USD 28.7 billion by 2034. Over the next decade, global native whey protein demand will likely increase at a CAGR of 6.5%.

Several factors are expected to boost the growth of the native whey protein market during the forecast period. One such factor is the rising consumer awareness about the importance of being healthy and how beneficial native whey protein is for muscle recovery, weight maintenance, and overall well-being.

High adoption of native whey protein in food and beverage products, dietary supplements, infant nutrition, and other applications is set to boost sales growth. Similarly, growing food fortification trend will likely create growth prospects for companies.

Native whey protein is becoming more and more popular throughout the world because of its benefits and promotions, which social media influencers, celebrities, or athletes are doing. Innovative marketing strategies employed by key native whey protein companies are expected to boost the market during the next ten years.

As consumers are becoming more educated about nutrition, they are recognizing the superior benefits of native whey protein over other protein sources. Scientific studies are highlighting its superior protein quality, muscle growth support, and health benefits which is building more trust amongst consumers.

Key Takeaways from the Native Whey Protein Report:

The global native whey protein market is expected to reach a valuation of USD 28.7 billion by 2034.
Global demand for native whey protein is likely to soar at 6.5% CAGR over the forecast period.
Europe is projected to hold a dominant value share of 32.7% by 2034.
India is estimated to witness a value CAGR of 8.7% during the projection period.

“The native whey protein industry continues to experience significant growth driven by increasing health consciousness and the demand for high-quality, clean label protein sources. Consumers value its superior nutritional benefits, minimal processing, and versatile applications in food and beverages. The market benefits from continuous product innovation, particularly in convenient formats like ready-to-drink beverages and protein bars. “– says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Ingredia SA, Lactalis Ingredients, Reflex Nutrition, Glanbia PLC (Optimum Nutrition), MILEI GmbH, Fonterra, Friesiandcampina, Arla Foods, Carbery, Agropur Inc, Titan Biotech, Leprino Foods are key native whey protein manufacturers listed in the report.

Key companies are focusing on research and development, sustainable sourcing, and new formulations. They are also looking to employ environment-friendly practices and get product certifications to satisfy the increasing demand for natural and sustainable ingredients.

For instance,

In 2023, Arla Foods Ingredients made significant investments in upgrading its Argentine facilities, allowing it to fulfill the rising demand for premium whey ingredients throughout Latin America as well as globally.

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Country-wise Insights

Countries	CAGR 2024 to 2034
United States Native Whey Protein Market	6.9%
Germany Native Whey Protein Market	4.4%
United Kingdom Native Whey Protein Market	5.2%
China Native Whey Protein Market	8%
India Native Whey Protein Market	8.7%

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global native whey protein market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the native whey protein market based on form (concentrate form and isolate form), application (food & beverages (sports nutrition, senior nutrition, clinical nutrition, infant nutrition, nutritional beverages, nutrition bars, protein fortified foodstuffs, whipped toppings and cultured dairy, dietary supplements, protein bars, protein powders (ready to mix), meal replacement powders, RTD beverages, acid beverages, gels, medical nutrition, lactose intolerant products, bakery, salad dressings, dairy, extruded and texturized products) and pharmaceuticals) across various regions.

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Sodium Malate Market Applications Across Food and Beverage Industries

According to estimates, sodium malate sales worldwide are expected to reach USD 611 million by 2023. In a detailed industry analysis, the global sodium malate market is projected to record a CAGR of 4.0% and reach USD 898.6 million by 2033.

To meet the increasing demand for beverage consumption, prominent market competitors are developing products containing hydroxybutyrate dioic acid and disodium salt. Fruit juices, distilled spirits, and smoothies are among the key drivers of market growth among young people worldwide.

Due to an increase in health consciousness and a desire for low-calorie drinks, several firms are developing innovative brands. This has led to an increase in the use of sodium malate in soft drinks. Furthermore, the market has been driven by an increase in demand for sodium malate in cosmetics.

Stringent government regulations regarding the use of sodium malate as a humectant in cosmetics are boosting the market growth. In the food industry, sodium malate is used as a food additive that enhances flavors as well as regulates pH levels, leading to a further increase in the overall market development of sodium malate between 2023 and 2033.

“The increase in sodium malate uses, particularly monosodium malate, as food additives in a variety of food products such as bakery and confectionery, flavored soft drinks, and meat products are propelling the market growth.” – says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The sodium malate market is expected to record a CAGR of 4.0% over the forecast period.
It is estimated that the sodium malate market in the Asia Pacific may remain strong during the forecast period.
The monosodium malate segment accounted for the highest product share of the sodium malate market with a CAGR of 3.8%.
The food and beverage segment has the highest revenue share in 2023 and is expected to rise at a CAGR of 3.9% between 2023 and 2033.
It is expected that the market in the United States demonstrates a high level of growth by the year 2033.

Competitive Landscape:

Leading players in the market focus on a variety of market consolidation activities, including mergers, acquisitions, supply distribution partnerships, and product launches. In order to stay ahead of the curve, manufacturers must expand their market footprint and offer solutions to their customers. A variety of end users can now choose from a wide range of customized solutions offered by leading manufacturers.

Several prominent companies dominate this market, including Sigma-Aldrich Corporation, Avantor Inc., Dr.Paul Lohmann Gmbh KG, Carbosynth Ltd, Tokyo Chemical Industry Co Ltd, BOC Sciences, MP Biomedicals LLC, Muby Chemicals, Penta Manufacturing Company, and others.

Recent Developments:

Febreze, a brand of domestic odor eliminators made by Procter & Gamble, homes can be kept fresh with air-care products. These products contain sodium malate and sodium citrate as active components. Fabreze’s Air Effects is a distinctive air spray that eliminates odors and freshens the air with its unique scent.
A line of lipsticks by Armani Beauty dubbed Beauty’s Lip Maestro contained diisostearyl malate, a safer alternative to sodium malate. Diisostearyl malate is a type of ester that prevents water loss and provides a smooth and creamy texture, making it an ideal ingredient for lip products.

Market Segmentation by Category

By Product:

Monosodium Malate
Disodium Malate

By End Use:

Cosmetic & Personal Care
Food & Beverage
Animal Feed
Others

By Region:

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

About Future Market Insights (FMI)

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.

Modified Starch Market Evolution Functional Innovations and Industry Growth

The global market for modified starch is expected to reach USD 21,806.2 million by 2034, with a projected CAGR of 4.7%. In 2024, the market size of modified starch is valued at USD 13,780.3 million according to estimates.

The modified starch market is anticipated to experience a respectable increase over the next years due to the rising demand for processed foods. Modified starch helps extend the shelf life of food goods and provides functional qualities, including texture, flavor, and thickness in processed foods.

Demand from Food, Textile, Papermaking, and Cosmetic Industries is Booming

Modified starch is utilized in many different industries, including food, textiles, paper production, cosmetics, and personal care, due to its numerous advantages. The cosmetic and personal care industries use modified starch, a versatile ingredient.

The demand for natural cosmetics has grown over the past few years, and producers are creating new cosmetics employing natural elements such as modified starch. This results in the escalation of the modified starch market adoption trends.

Competitive Landscape

The competitive environment of the modified starch market is characterized by fierce competition among leading companies vying for market domination. Cargill, Archer Daniels Midland Company (ADM), and Ingredion Incorporated have positioned themselves as key players by using their worldwide reach, diverse product portfolios, and strong distribution networks.

These organizations use mergers, acquisitions, and partnerships to enhance their market positions and expand their technological capabilities.

Recent Developments

In February 2024, Ingredion Incorporated announced the introduction of Novation Indulge 2940 starch as a new addition to its line of clean-label texturizers. It is the first non-GMO functional native corn starch that provides texture for gelling and co-texturizing popular dairy and alternative dairy products and desserts.
In June 2023, Loryma launched a clean label, “E number free” adhesion starch. According to German company Loryma, their natural adhesion starch extracted from wheat and with a clean label is just as effective as modified starches found in traditional products, offering “optimum adhesion properties for all types of substrate coatings.”

Key Players in the Modified Starch Market

Cargill
Archer Daniels Midland Company
Ingredion Incorporated
Tate & Lyle PLC
Roquette Frères
Grain Processing Corporation
Avebe
Emsland Group
AGRANA Beteiligungs-AG
Global Bio-Chem Technology Group Company Limited

Modified Starch Market Segmentation

By Source:

Maize/ Corn
Wheat
Potato
Tapioca
Rice

By Product Type:

Acetylated Starch
Physically Modified Starch
Enzyme Modified Starch
- Anionic Starch
- Cationic Starch
- Dextrin
- Oxidized Starch
- Thinned Starch
- Pre-Gelatinized Starch
- Others

By Application:

Food and Beverage
- Bakery Products
- Dairy Products
- Meat & Poultry
- Convenience Food
- Others
Animal Feed
Cosmetic and Personal Care
Papermaking
Textile
Pharmaceuticals
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan

About Future Market Insights (FMI)

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.

Clean Label Flour Market Responding to Consumer Demand for Transparency

According to a recent report by Future Market Insights, the clean label flour market is poised to grow at an average CAGR of 7.0% throughout the forecast period. The market is projected to reach USD 3.7 billion by 2023 and is expected to surpass USD 5.9 billion by 2033.

Wheat is likely to continue to be the most popular clean label flour source among a wide spectrum of end consumers. Rice, on the other hand, is predicted to gain traction in the forecast years, with strong demand in Europe, North America, South Asia, and Oceania.

Wheat demand is mostly due to lower costs and increased customer awareness. Wheat has long been a popular substitute for white flour, and this trend is likely to continue in the future years.

The amount of clean label products on retail shelves has exploded in recent years Clean label flour is a critical component with widespread use in bakery items, packaged meals, confectionery, sauces and dressings, and other uses, all of which are driving market expansion.

Key Takeaways from Market Study

Clean label flour consumption accounts for around 15-20% of global clean label ingredients consumption, with Europe and North America being the topmost customers and matured markets for ready-to-eat meals, snacks, and others.

Due to sophisticated production capabilities, a large market, and an increasing number of health-conscious consumers, Europe is expected to lead the clean label flour market throughout the forecast period.

Clean label wheat consumption is predicted to grow significantly in Asian Pacific countries like India and China. Customers’ choices are increasingly influenced by their health concerns, as seen by a growing preference for healthier food products as a result of rising obesity and heart disease rates.

“The ‘clean label’ trend is largely driven by millennials. They account for around a quarter of the population and are expected to have trillion-dollar spending power. To stay up with millennials, foodservice companies might stress ongoing trends to innovate healthier foods. Foodservice businesses have responded to rising health awareness among millennials by developing healthier items. As a result, the usage of clean label ingredients is projected to increase, resulting in the rise of the clean label flour market.” says a Future Market Insights analyst.

Competitive Landscape

The global clean label flour market is highly competitive and mainly dominated by the top 10 players. Players are continuously evolving in this market to launch better products than their competitors.

The key players operating in the clean label flour market are increasing their presence in the global market through mergers, acquisitions, and alliances with local or medium-scale companies in the clean label flour industry. Further, these players are launching new products in the market to cater to the changing demands of consumers.

Investments in research and development are carried out by almost all the key players, as evolving consumer demand remains a primary driving force for the clean label flour market.

Market Developments

Cargill has created a highly soluble rice flour that can take the place of maltodextrin in a variety of applications and provide formulators with a clean label option.
A nutrient-dense hydrocolloid made from non-GMO red seaweed, SEAFLOURTM, has been introduced in the United States, according to IFF. For companies looking to capitalize on rising consumer demand for clean label products, SEAFLOURTM is the perfect natural stabilizer.
In 2021, Hinrichs Trading Company (HTC) was purchased by Ardent Mills to diversify the company’s flour offerings and launch new products.

Key Players

Ardent Mills
Ingredion Incorporated
Arrowhead Mills
Groupe Limagrain
Codrico Rotterdam B.V.
Siemer Specialty Ingredients
Kerry Group
Cargill, Inc.
Grain Craft, Inc.
Hodgson Mill
Wheat Montana Farms

Key Segments

Product:

Wheat
Corn
Rice
Coconut
Rye
Others

Application:

Bakery Products
Pasta and Noodles
Baby Foods
Soups
Sauces
Gravies

End User:

Food Industry
HoReCa / Foodservice
Retail Sales

Sales Channel:

Direct Sales/B2B
Indirect Sales/B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mass Grocery Retailers
- Food and Drink Specialty Stores
Online Retailing

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Rest of MEA

About Future Market Insights (FMI)

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.

Oral Clinical Nutrition Supplement Market Innovations for Patient Health and Wellness

Oral Clinical Nutrition Supplement Market1

By 2033, the global oral clinical nutrition supplement market is projected to reach USD 19,613.1 million, up from USD 10,788.70 million in 2023. This represents a positive market trajectory with a forecasted CAGR of 6.2% throughout the period.

The growing focus on maintaining a strong immune system has boosted the demand for oral clinical nutrition supplements. The market is expected to expand significantly in the coming years, driven by the supplements’ effectiveness in addressing malnutrition. These products are particularly beneficial for patients with chronic illnesses or those suffering from nutritional deficiencies. Additionally, individuals who struggle to consume regular meals due to a diminished sense of taste from prolonged infections may find oral clinical nutrition supplements helpful.

To attract a broader consumer base, many manufacturers are introducing new flavors. This innovation is likely to be a key driver of growth in the oral clinical nutrition supplement market.

The oral clinical nutrition supplements market is expected to grow due to several key factors, including the rising demand for health foods, the increasing number of young people, and a growing preference for diverse oral clinical nutrition supplements among the general population.

Key Takeaways from Market Study

The oral clinical nutrition supplement market is expected to record a CAGR of 6.2% over the forecast period.
It is estimated that the oral clinical nutrition supplement market in North America may remain strong during the forecast period.
The launch of oral clinical nutrition formulas in liquid form may continue aiding growth in the form segment with a CAGR of 7.2%
Flavored oral clinical nutrition supplements are likely to hold a market share of 70%.
It is expected that the market in the United States may demonstrate a high level of growth by 2033.
Prescription-based channels are likely to be responsible for more than 90% of sales of oral clinical nutrition supplements.

Competitive Landscape

Leading players in the market focus on a variety of market consolidation activities, including mergers, acquisitions, supply distribution partnerships, and product launches. In order to be successful, manufacturers must expand their market footprint and offer solutions to their customers. A variety of end users can now choose from a wide range of customized solutions offered by leading manufacturers.

Some of the key players in the oral clinical nutrition supplement market are:

NUTRICIÓN MÉDICA SL
Meiji Holdings Co., Ltd.
Medtrition Inc.
Baxter International Inc.
B. Braun Melsungen AG.
Fresenius Kabi AG
Mead Johnson & Company, LLC
Otsuka Holdings Co., Ltd.
Abbott Laboratories
Danone Nutricia
Victus, Inc.
Cambrooke Therapeutics, Inc.
GlaxoSmithKline plc
Nestlé S.A.
Kate Farms, Inc.
Perrigo Company plc
Sichuan Kelun Pharmaceutical Co., Ltd.
AYMES International Ltd.
Pfizer Inc.
Medifood GmbH
Nature’s Bounty Inc.

Recent Development

The key players are mainly focusing on strategies that may help them increase their market share and gain a competitive advantage.

For instance:

PediaSure Harvest and Ensure Harvest products were relaunched in September 2021 with organic ingredients and plant-based protein. Nutritional supplements can be used to meet the daily nutritional needs of individuals or as a sole source of nutrition.
Persona, a company that offers personalized vitamins, was acquired by Nestlé Health Science in August 2019. As a result of this acquisition, the company would be able to expand its personalized nutrition business.
In Feb 2019, Matok V’Kal launched its stamina boost-up spray which contains no caffeine and only six calories
In Apr 2019, PRO-DIP introduced its oral clinical nutritional supplement a revolutionary pouch that provides energy and nutrition in small, semi-permeable sachets.
In Apr 2018, Abbott introduced Ensure Max which is a nutritional drink with high-quality proteins and a very low amount of sugar.

Oral Clinical Nutrition Supplement Market Segmentation by Category

Product Type:

Standard Formula
Specialized Formula

Indication:

General Well-being
Renal Disorders
Hepatic Disorders
Oncology Nutrition
Diabetes
Dysphagia
IBD & GI Tract Disorders
Neurological Disorders
Respiratory Orders
Others

Form:

Liquid
Semi-solid
Powder

End User:

Adult
Geriatric
Pediatric

Flavor:

Regular
Flavored
- Chocolate
- Vanilla
- Strawberry
- Apple
- Mixed Berries
- Orange
- Nut Flavours

Channel:

Prescription-based
Over-the-Counter
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies

By Region:

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

About Future Market Insights (FMI)

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.

Global Automotive Performance Accessories Market Set for Accelerated Growth Amid Rising Demand for Vehicle Customization and Enhanced Performance | FMI Reports

According to a comprehensive report by Future Market Insights, global sales of Automotive Performance Accessories reached USD 297.8 million in 2018. Year-over-year growth was recorded at 3.5% in 2022, with revenue anticipated to reach USD 352.9 million in 2023. Looking forward, the global Automotive Performance Accessories market is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2033, reaching an estimated USD 546.4 million by the end of 2033.

The global Automotive Performance Accessories Market is expected to witness substantial growth through the forecast period from 2023 to 2033. Fueled by increasing consumer interest in vehicle customization and performance upgrades, the market for automotive performance accessories is expanding rapidly. With enthusiasts and regular drivers alike seeking ways to enhance their vehicle’s power, efficiency, and aesthetics, demand for accessories such as performance exhaust systems, suspension upgrades, and turbochargers is on the rise.

The growing popularity of high-performance vehicles, combined with advancements in aftermarket accessories, has opened new avenues for market players. Additionally, the rising trend of motorsports and competitive events, as well as a strong demand for premium accessories in electric and hybrid vehicles, further bolster market growth. This growth is particularly pronounced in regions where automobile culture is robust, as well as in emerging markets where consumer interest in performance upgrades is on the rise.

In-Depth Market Analysis: A Complete Report

Key Takeaways:

Steady Market Growth: The global Automotive Performance Accessories Market is poised for robust growth, driven by increased interest in vehicle personalization and performance enhancement.
Wide Range of Products: Accessories such as exhaust systems, air intakes, suspension kits, and performance chips are seeing a surge in demand across consumer segments.
Tech-Driven Upgrades: Technological advancements in accessory design and materials have improved product efficiency and durability, attracting more customers to performance upgrades.
Electrification Opportunities: As electric and hybrid vehicles gain traction, demand for performance accessories compatible with these models is also rising.

Key Market Drivers:

Rising Popularity of Vehicle Customization: Consumers are increasingly interested in tailoring their vehicles to reflect personal style and improve performance, driving demand for a wide array of performance accessories.
Advancements in Aftermarket Accessories: Modern accessories now offer greater durability, efficiency, and design customization, which enhances their appeal to a broad range of vehicle owners.
Growth of Motorsports and Enthusiast Community: The global growth in motorsports and car enthusiast communities has created a strong demand for high-performance aftermarket accessories.
Electric and Hybrid Vehicle Integration: As electric and hybrid vehicles become more popular, there is a rising demand for performance accessories that cater to these unique vehicle types, creating new opportunities in the market.

Key Players in the Automotive Performance Accessories Industry

Tenneco Inc.
Brembo
Continental AG
BorgWarner Inc.
Mahle GmbH
Hyundai Mobis
Donaldson Company Inc.
Mitsubishi Heavy Industries, Ltd
ZF Friedrichshafen AG
Honeywell International Inc.
EXEDY Corporation
Denso Corporation
Holley Performance Products
AISIN SEIKI Co., Ltd.
Hitachi Astemo, Ltd.
Robert Bosch GmbH
The NGK Spark Plug Co., Ltd.
Cummins Inc.
Valeo
TREMEC

Key Developments in the Automotive Performance Accessories Market:

In 2021, Lippert Components acquires Kaspar Ranch Hand Equipment, a firm that pioneered the heavy-duty truck accessory industry by being one of the first to develop and engineer specialized equipment specifically fitted to the owners’ vehicles.
In 2023, Rivian Automotive has chosen Tenneco to deliver suspension and anti-vibration performance materials solutions.
In 2023, Continental AG creates a brake caliper that minimizes brake dust. The new Green Caliper’s lower wear rate allows Continental to make the setup more compact and employ smaller and thinner pads. Furthermore, the brake is 5 kg lighter on each corner, which improves range while also contributing to better handling due to the decreased unsprung weight.

Segmentation Analysis of the Automotive Performance Accessories Market

By Product Type:

Exhaust Systems
- Headers
- Mufflers
- Oxygen Sensors
- Exhaust Pipes
Suspension Parts
- Suspension Bushing
- Sway Bars
- Shock Absorbers
Brakes
- Brake Pads
- Brake Rotors
- Brake Caliper
- Brake Lines
- Brake Master Cylinders
- Vacuum Pumps
Fuel Air & Intake Systems
- Air Filters
- MAF Sensor
- Intake Manifold
- Throttle Bodies
- Fuel Filters
- Spark Plugs
- Fuel Injectors
- Fuel Pumps
Transmission Parts
- Clutch Pressure Plates
- Flywheels
- Torque Converters
- Clutch Linkage
Power Adders
- Turbochargers
- Intercoolers
- Nitrous Oxide Systems
- Superchargers

By Vehicle Type:

Passenger Cars
- - Compact
  - Mid-Size
  - SUV
  - Luxury
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

First Fit
Aftermarket

By Region:

North America
Latin America
Eastern Europe
Western Europe
East Asia
South Asia & Pacific
The 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 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.
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Thin Insulation Market to Grow as Demand for Energy-Efficient, Space-Saving Insulation Solutions Surges Across Industries | FMI Reports

The thin insulation market is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2033, reaching a market value of USD 2.3 billion by 2023. By the end of 2033, the market is expected to reach USD 4 billion.

The global Thin Insulation Market is poised for steady growth from 2023 to 2033, driven by a surge in demand for energy-efficient solutions that minimize heat loss while saving space. Thin insulation materials, which offer high thermal performance with minimal thickness, are gaining popularity in sectors ranging from construction to automotive, electronics, and aerospace. These insulation solutions are especially valuable in applications where space is limited but high insulation values are required.

The shift towards sustainable construction practices and energy conservation has intensified the need for innovative insulation solutions that can improve energy efficiency in buildings. Thin insulation technology has become a preferred choice, thanks to its capability to reduce energy loss, minimize material usage, and comply with stringent building codes. Additionally, advancements in materials, such as aerogels and vacuum-insulated panels (VIPs), are driving further innovation and adoption in this market.

In-Depth Market Analysis: A Complete Report

Key Takeaways:

Growing Focus on Energy Efficiency: Thin insulation solutions play a crucial role in reducing heat transfer, lowering energy costs, and increasing overall energy efficiency.
Space Optimization: Thin insulation is highly preferred in sectors where space is limited, such as automotive, aerospace, and urban building designs.
Advancements in Material Technology: Innovative materials like aerogels and vacuum-insulated panels (VIPs) offer superior insulation properties, bolstering their adoption across industries.
Rising Demand Across Multiple Industries: From construction and automotive to consumer electronics, the thin insulation market is gaining traction due to its versatile applications and high-performance characteristics.

Key Market Drivers:

Stringent Building Codes and Energy Regulations: Increasing regulations around energy efficiency and sustainable building practices are driving the adoption of advanced thin insulation solutions that meet or exceed regulatory standards.
Growth in High-Density Urban Construction: With space constraints in urban construction, there’s a high demand for insulation solutions that provide effective thermal control without occupying significant space.
Increase in High-Performance and Lightweight Materials: The need for lightweight, high-performance insulation in sectors like automotive and aerospace is accelerating the demand for thin insulation materials that reduce weight and improve fuel efficiency.
Expanding Applications in Consumer Electronics: Thin insulation is increasingly used in electronic devices to manage heat dissipation, enhance device safety, and improve performance, particularly in smaller, more compact designs.

Key Players Profiled in the Global Market

Dow
Armacell
Johns Manville
BASF SE
Cabot Corporation

Key Developments

Rich-E-Board, a 1′′ thick vacuum insulation, was introduced by R-50 Systems, LLC in August 2018. It is a green, sustainable, ultra-thin insulation solution with better insulating capabilities than other solutions. It is also lowering the cost of building modifications and structural retrofits while increasing usable area for living and business.
Blueshift International Materials, Inc. introduced AeroZero, a 50-micron-thickness material, in September 2015. AeroZero is a polymer aerogel that allows for lightweight, high-performing goods with great insulation and RF capabilities. The market size of thin insulation is to hit US$ 4 billion by 2033.

Key Segmentations

By Type:

Foams
Vacuum Insulation Panels
Sheets & Films
Coatings
Others

By End-Use:

Building & Construction
Automotive
Aerospace
Oil & Gas
Others

By Region:

North America
Europe
Asia Pacific
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Windscreen Adhesives Market to Expand Amid Growing Demand for Safety and Durability in Automotive Glass | FMI Reports

The global windscreen adhesives market is projected to reach a value of USD 2.8 billion in 2023, with expectations to exceed USD 5.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period. Market growth is driven by the rise in vehicle production across both emerging and developed countries, along with a heightened focus on lightweight and fuel-efficient vehicles. However, adhesive performance may decline over time due to exposure to environmental factors such as sunlight and fluctuating temperatures.

The global Windscreen Adhesives Market is projected to witness significant growth from 2023 to 2033, driven by the rising demand for durable, high-strength adhesives that enhance vehicle safety and structural integrity. As automotive safety standards increase, manufacturers are increasingly focusing on windscreen adhesives that not only secure the glass but also contribute to the overall strength of the vehicle, particularly during collisions.

Windscreen adhesives have become an essential component in modern vehicles, as they ensure a watertight and impact-resistant bond that supports passenger safety. The shift towards electric and lightweight vehicles, which require advanced adhesive solutions for structural stability, further fuels the demand for high-performance windscreen adhesives. Additionally, rising consumer awareness regarding automotive safety and increasing vehicle production across regions are key factors driving the market’s expansion.

In-Depth Market Analysis: A Complete Report

Key Takeaways:

Enhanced Safety and Structural Integrity: Advanced windscreen adhesives provide greater vehicle rigidity and enhance passenger safety, particularly in the event of accidents.
Demand Driven by Electric and Lightweight Vehicles: The shift to lightweight materials in electric and fuel-efficient vehicles necessitates high-performance adhesive solutions.
Growing Automotive Production: As global vehicle production rises, demand for quality windscreen adhesives is also expected to increase to meet manufacturers’ standards for safety and durability.
Increasing Emphasis on Sustainability: Eco-friendly adhesive solutions are gaining traction in response to global sustainability efforts and automotive manufacturers’ environmental goals.

Key Market Drivers:

Rising Safety Standards and Regulations: Increasing automotive safety regulations worldwide require high-strength adhesives that reinforce the structural integrity of vehicles, making quality windscreen adhesives essential.
Innovation in Adhesive Technologies: New adhesive formulations that offer faster curing times, greater durability, and higher impact resistance are gaining popularity in the market.
Growth in the Electric Vehicle (EV) Market: EV manufacturers are focusing on lightweight construction, and advanced adhesives play a vital role in maintaining stability without adding weight.
Rising Demand for Replacement and Aftermarket Services: Growing demand for replacement windscreen adhesives, driven by the increased frequency of vehicle repairs and replacements, supports market growth.

Key Players in the Windscreen Adhesives Industry

Henkel Adhesive Technologies.
DOW Inc.
3M
H.B Fuller
WEICON
Panacol
Parson Adhesives India Private Limited.
Marston-Domsel
Master Bond inc.
Krafft
Permatex

Key Developments in the Windscreen Adhesives Market:

Acelity Inc., a manufacturer of medical equipment, will be acquired by 3M Co. for around $4.3 billion, marking the company’s largest purchase to date as new CEO Mike Roman pursues a more aggressive strategy for growing the struggling business.
China’s Shanghai on June 19, 2023 A multinational materials science business called Dow (NYSE: DOW) has disclosed a partnership with Procter & Gamble China (P&G China) to create air capsule e-commerce packaging. The air capsule seeks to give an effective and efficient solution to protect items while minimising superfluous packaging in e-commerce and facilitating recycling. It is made possible by P&G China’s innovation and Dow’s materials.

Segmentation Analysis of the Windscreen Adhesives Market

By Adhesive Type:

Urathane
Polyurathane
Silyl modified Polymer
Modified silane Polymer

By Curing Method:

UV Curing
Heat Curing
Moisture Curing
Microwave Curing

By Application Method:

Brushing
Flowing
Spraying

By End Use Industry:

Automobile
Aerospace

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & pacific
The 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Mid-Lift Axle Market to Surge as Demand for Fuel Efficiency and Load Optimization in Heavy-Duty Vehicles Increases | FMI Reports

The global mid-lift axle market is estimated to reach a value of USD 2,818.0 million in 2023, with expectations to exceed USD 4,813.6 million by 2033, growing at a compound annual growth rate (CAGR) of 5.5% over the forecast period. The market’s expansion is largely driven by rising industrialization in both emerging and established economies, alongside increased activity in the transportation sector and a boost in recreational sports activities. Mid-lift axles are increasingly popular due to their ability to enhance load distribution and fuel efficiency in commercial and recreational vehicles, supporting the growth trajectory.

The global Mid-Lift Axle Market is projected to experience substantial growth from 2023 to 2033, driven by increasing demands for fuel-efficient solutions and optimized load distribution in heavy-duty trucks and trailers. Mid-lift axles, which can be raised or lowered based on load requirements, provide greater operational flexibility, fuel savings, and reduced tire wear, making them ideal for commercial fleets and logistics companies.

As the transportation and logistics sectors expand globally, the need for efficient and adaptable load-bearing solutions is fueling the demand for mid-lift axles. Additionally, growing regulations for emissions and fuel efficiency are prompting fleet operators to adopt vehicles equipped with mid-lift axles, which allow trucks to minimize rolling resistance and reduce fuel consumption when carrying lighter loads. With advancements in axle technology and greater emphasis on sustainability, the mid-lift axle market is expected to see significant growth in the years to come.

In-Depth Market Analysis: A Complete Report

Key Takeaways:

Growing Demand for Fuel Efficiency: Mid-lift axles offer fuel savings by reducing rolling resistance when the axle is lifted, making them increasingly popular for fleet operators looking to cut costs.
Enhanced Load Flexibility: The ability to raise or lower the axle based on load requirements supports improved weight distribution and operational efficiency in heavy-duty vehicles.
Increasing Use in Logistics and Transportation: As the logistics and transportation industries grow, so does the demand for solutions like mid-lift axles that enhance efficiency and reduce wear and tear.
Technological Advancements: Innovations in axle technology are enabling smoother operation and enhanced durability, contributing to the market’s expansion.

Key Market Drivers:

Rising Fuel Costs and Focus on Cost Efficiency: With fuel prices fluctuating, fleet operators are seeking ways to reduce operational costs. Mid-lift axles contribute to fuel efficiency by allowing trucks to minimize rolling resistance when not fully loaded.
Stringent Emissions Regulations: Governments are enforcing stricter emissions standards, prompting the adoption of technologies like mid-lift axles that can help reduce fuel consumption and emissions, aligning with environmental sustainability goals.
Expanding Logistics and E-commerce Sectors: The growth of e-commerce and just-in-time delivery models is driving demand for heavy-duty vehicles equipped with mid-lift axles to ensure efficient and cost-effective operations.
Increased Focus on Vehicle Longevity: Mid-lift axles help reduce tire wear and minimize strain on vehicle components, leading to longer-lasting trucks and lower maintenance costs, making them an attractive option for fleet operators.

Key Players in the Mid-Lift Axle Industry

Fox Racing Shox
King Shocks
WP Suspension
Tokico
Bilstein
KYB
Monroe
Hagglunds
Rancho
Duro Line
Race Tech
Fabtech
Heidts
Quality Control Suspension
Performance Products Inc.

Key Developments in the Mid-Lift Axle Market:

In 2020, BorgWarner, a leading supplier of powertrain systems, and Mahindra & Mahindra, a major manufacturer of off-road vehicles, have formed a joint venture to develop and manufacture mid lift axles for off-road vehicles.
In 2021, Meritor, a leading supplier of commercial vehicle components, and Beiben Gear, a leading manufacturer of gears and gearboxes, have formed a joint venture to develop and manufacture mid lift axles for commercial vehicles

Segmentation Analysis of the Mid-Lift Axle Market

By System Type:

Mechanical Mid-Lift Axle
Air Suspension Mid-Lift Axle

By Capacity:

Light Duty Mid-Lift Axle
Medium Duty Mid-Lift Axle
Heavy Duty Mid-Lift Axle

By Vehicle Type:

LCV
HCV
Off Road Vehicles

By Industry Application:

Recreational
Agriculture
Construction
Transportation and Logistics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
The 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: