Pea Protein Ingredients Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis by 2031

Future Market Insights (FMI), Dubai: Sales in the global pea protein ingredients market are poised to total US$ 1.25 Bn in 2021, opines FMI. Increasing demand for pea protein ingredients for bakery & snacks, beverages, and other food products will increase the sales in the market.

With growing trend of veganism across the U.S., India, the U.K. and Germany, consumption of plant-based protein products have surged over the past few years. On account of this, the market is predicted to surpass US$ 2.5 Bn by 2031-end.

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Historically, the market grew at a healthy 6.4% CAGR between 2016 and 2020. Increasing awareness regarding the benefits of pea protein ingredients has accelerated the sales. As it is rich in lysine and iron, consumers are increasing the consumption to reduce the risk of bone related diseases such as arthritis and others.

Apart from health benefits, sales of pea protein ingredients are expected to increase as a result of high demand among vegans. Also, the rising prevalence of cardiovascular diseases will result in higher sales of pea protein ingredients as consumers show higher inclination for healthy diet. Besides this, the demand for plant-based protein in sports nutrition will improve the sales in the pea protein ingredients market.

High prevalence of food allergies associated with meat products also is favoring the sales of pea protein ingredients. According to the National Institute of Allergy and Infectious Diseases, 12. 2 million people have food allergy, with around 8% of children and 2% of adults allergic to sea-food and meat products.

In response to this, manufacturers have increased their research and development activities to develop new product lines for pea protein ingredients. On the back of aforementioned factors, the pea protein ingredients market is poised to expand at 7.2% CAGR between 2021 and 2031.

“Growing consumer preference for natural and organic food products and increasing concerns pertaining to animal welfare are expected to boost the market. In order to cater to surging requirements, manufacturers are introducing new products, which augmenting sales in the market,” says a FMI analyst.

Key Takeaways from Pea Protein Ingredients Market Study

  • North America is expected to account for over 79.2% of pea protein ingredients sales, with the U.S. dominating the market on the back of rising consumption of clean label food products
  • The U.K. pea protein ingredients market will account for 14% of market share in 2021
  • China’s pea protein market will surpass US$ 64.3 Mn in 2021 on the back of growing demand for sustainable and affordable vegan protein products
  • In terms of product, isolate pea proteins are expected to hold the lion’s share owing to their high-quality nutrition and growing adoption among lactose-intolerant people
  • Sales of pea protein ingredients in bakery sector are expected to surge at 9.9% CAGR through 2021.

Key Drivers

  • Growing demand for plant-based products and increasing trend for vegan lifestyle will accelerate the growth in the market.
  • Absence of allergen properties in pea-protein ingredients as compared to other conventional plant-based proteins is expected to improve the adoption
  • Declining consumption of meat products due to intolerance of animal protein is likely to boost the market

Key Restraints

  • High cost of extraction and processing pea protein ingredients is anticipated to create the challenge for market players
  • Lack of processing outputs in emerging and low-income economies resulting in limited supply to hamper the sales.

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Competitive Landscape

Leading players in the pea protein ingredients market are focusing on introducing new product lines in response to surging demand for clean label and non-GMO plant-based ingredients.

Also, some of the players are extensively investing in research and development activities to introduce new products in the market. Meanwhile, other players are collaborating with food manufacturers and end-users to expand their customer base. For instance:

  • In October 2021, Ingredion Inc., unveiled its Prista Line of pulse-based ingredient solutions. The line includes Homecraft Prista P 101 pea flour, Vitessence® Prista P 155 pea protein concentrate, and Vitessence Prista P 360 faba bean protein concentrate for plant-protein-based applications including instant and ready-to-eat (RTE) products.
  • In 2021, Ulrick & Shirt launched a new range of clean label, organic functional starches, and proteins.
  • In January 2020, Beyond Meat, a leader in plant-based meat, announced a multi-year pea protein supply agreement with Roquette, a leader in plant-based ingredients and a pioneer of plant proteins.

Some of the key players operating in the market profiled by FMI are:

  • A&B Ingredients Inc.
  • Nutri Pea Ltd.
  • Archer Daniels Midland Company
  • Kerry Group PLC.
  • Cargill Incorporated
  • The Scoular Company
  • Axiom Foods, Inc.
  • Batory Foods
  • PLT Health Solutions
  • Prinova Group LLC
  • Burcon Nutrascience
  • Cosucra Groupe Warcoing
  • Glanbia Plc.
  • Roquette Frerès SA
  • AGT Food & Ingredients, Inc.
  • World Food Processing L.L.C.
  • Yantai T. Full Biotech Co. Ltd.
  • Suzhou Wanshen Flour Products Co. Ltd.
  • Shandong Jindu Talin Foods Co. Ltd.
  • Others.

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More Valuable Insights on Pea Protein Ingredients Market

FMI, in its new report, offers an in-depth study of the global pea protein ingredients market, highlighting the growth prospects of the market through 2021 and beyond. The survey reveals demand outlook of pea protein ingredients market with detailed segmentation:

By Product Type:

  • Isolates
  • Concentrates
  • Textured

By Application:

  • Bakery & Snacks
  • Dietary Supplements
  • Beverages
  • Meat Analogs/Substitutes
  • Others

By Form:

  • Powder
  • Liquid
  • Others

Key Questions Covered in the Report

  • The report offers insight into pea protein ingredients market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for pea protein ingredients market between 2021 and 2031
  • Pea protein ingredients market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Pea protein ingredients market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Ethylene Glycol Market Value to Grow by Almost US$ 27.13 Billion during Forecast Period of 2022-2032

The world market size for ethylene glycol is expected to reach a valuation of USD 16,187.2 Million in 2022. during the forecast period of 2022 to 2032. The ethylene glycol market is forecast to thrive at a CAGR of 5.3% which is forecast to be worth 27,130.3 million USD.

What is Driving Demand for Ethylene Glycol 

Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology, increased popularity of bio-based ethylene glycol, and rising demand from the textile industry are projected to fuel market expansion throughout the forecast period. 

Rapid growth in the textile and PET resin products industries is expected to boost the consumption during the forecast period.  

The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of Polyethylene Terephthalate (PET) in a variety of consumer goods products, including as food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period. 

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Growth of automotive sector to boost the market and increase demand of Ethylene Glycol 

It is widely used as an antifreeze in automobile engines. Because it has a lower freezing point than water, it is used to keep an automobile radiator cool throughout the winter.  Globally, the number of vehicles on the road is increasing and is expected to grow at a CAGR of 4.5 percent.  

Growing vehicle production and sales volumes are to responsible for the increase in vehicle on-road volumes. Coolants and antifreeze will be in high demand due to the increased number of vehicles on the road.  The demand for MEG will be fuelled by an increase in coolants and antifreeze usage. 

Many end use industries depend on the use of ethylene glycol as a feedstock. It’s mostly used to make PET bottle resins, polyester fibre, and films. Fibre is the most common application of MEG. 

Due to the usage of MEG in the production of PET and polyester fibres, it is widely used in the textile and apparel industries, as well as garment manufacturing, home furnishings, carpets, and rugs. Hence the market is expanding due to the high potential for polyester applications in the textile industry. 

APAC Market Outlook 

Asia- Pacific dominated the worldwide ethylene glycols market and it is also predicted to be the fastest-growing market because of the increased demand and consumption of MEG, the majority of producers are expanding their production capacity in Asia through both organic and inorganic expansion techniques. 

Plastic manufacturing, chemicals, and textiles are among the end-user industries that are rapidly expanding in the region. The increasing demand for MEG in polyester and PET applications in the textile and packaging end-user sectors makes China the largest ethylene glycol market. China is also projected to see capacity increases for PET resin in addition to fiber application. 

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Who are the Key Manufacturers and Suppliers 

Some of the leading manufacturers and suppliers include:

  • Exxon Mobil Corp.
  • Dow Chemical
  • SABIC
  • Sinopec
  • Shell Chemical
  • Reliance Industries ltd.
  • Huntsman Chemical Corporation
  • LOTTE Chemical Corp.
  • Kuwait Petroleum Corporation
  • LyondellBasell Industries
  • Formosa Plastics Corporation

Major players in the worldwide market are increasing their regional presence and company operations through organic and inorganic growth methods such as joint ventures, mergers and acquisitions, expansion, collaborations, new product launches, strategic alliances, and R&D. 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. 

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Key Segments covered in the Ethylene Glycol Market Survey

By Derivative Type:

  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylene Glycol (TEG)

By Application:

  • Polyester Fibres
  • PET
  • Antifreeze and Coolants
  • Films
  • Others

By End Use Industry:

  • Textiles
  • Automotive
  • Packaging
  • Others

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Europe and North America Demand Outlook 

The increased production and sale of passenger vehicles in Germany, France, and the United Kingdom is expected to drive ethylene glycol consumption in automotive applications, boosting the market in these countries.  North America, owing to the presence of leading automotive players and the growing PET resin sector will lead to significant demand for this product in the North America market over the projection period. 

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Grass Fed Beef Market Study For 2022 To 2031 Providing Information on Key Players, Growth Drivers and Industry Challenges

As per the latest study by FMI, the global grass fed beef market is poised to top US$ 11.6 Bn in 2021. Increasing demand for premium quality beef across hotels, restaurants, and cafés is favoring the market growth.

In response to this, the market is expected to reach US$ 17.9 Bn, growing at a CAGR of 4.4% during the forecast period from 2021 to 2031.

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Over the last few years, barbequing meat has emerged as a popular trend worldwide, especially across western countries. According to the Quick-Service and Fast Casual Restaurant (QSR) magazine, nearly 95% of the population in the U.S. enjoy barbequed (BBQ) dishes such as steak, ribs, and others.

Beef being the most preferred meat for BBQ owing to its meaty flavor, sales of grass fed beef are anticipated to rise at 3.7% CAGR in terms of volume through 2031.

With rising inclination towards the consumption of high quality food products, consumers are increasingly opting for products with quality assurance certifications and labeling. As grass fed beef is healthier and more nutritious than conventional beef products and is considered a rich source of vitamin B6 & B3, selenium, carnosine & creatine, and zinc, it is gaining immense popularity among meat lovers.

As per FMI, the foodservice sector is projected to emerge as the most lucrative end-use segment in the global market. Increasing demand for sauces, glaze, marinades, baked products, and others made using premium quality meat across hotels and restaurants is driving the segment growth.

“Key players are emphasizing on obtaining food quality certificates such as Kosher, Halal, and Beef Quality Assurance (BQA) to capitalize on the rising demand for premium quality food products. This is expected to bode well for the market growth,” says the FMI analyst.

Key Takeaways from the Grass Fed Beef Market Study

  • Sales in North America are expected to rise at a CAGR of 3.3% through 2031, owing to the rising trend of consuming BBQ meat in the U.S.
  • Favored by the surging demand for premium quality meat in the U.K. and Germany, the market in Europe is anticipated to grow at a CAGR of 3.8% over the assessment period.
  • New Zealand, being one of the leading producers and exporters of grass fed beef in the world, is forecast to account for a significant revenue share in the Oceania market.
  • On the basis of the format, frozen grass fed beef is projected to emerge as a dominant segment during the forecast period.
  • In terms of form, processed meat is estimated to outpace raw meat, owing to rising demand for meat from specific parts such as chop meat, loin meat, and others

Key Drivers

  • Growing consumption of ready-to-eat meals and rising demand for convenient packaged food products is expected to push the sales of processed grass fed beef.
  • Increasing demand for frozen meat for exporting beef products overseas, owing to its ability to stay fresh during transportation is spurring the sales across the frozen meat format segment.

Key Restraints

  • High cost of grass fed beef meat compared to conventional beef meat is hampering the growth in the market.

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Competitive Landscape

Top players in the global market include JBS Foods, Tyson Foods, Australian Agricultural Company Limited, Hormel Foods Corporation, Cargill, Inc., and Conagra Brands, Inc, as per FMI.

These companies are projected to account for nearly 30% to 50% of global revenue share through 2031.

Leading players are emphasizing on promoting sales of grass fed beef by providing information about the safety and health benefit of the product. Besides this, some of the manufacturers are actively participating in collaborations, mergers, acquisitions, and agreements with regional players to expand their production capacity and facilities.

For instance:

  • In January 2020, WH Group and JBS, a Brazilian red meat processing company, announced signing a Memorandum of Understanding (MoU) to supply beef and other meat products in China. The latter company has invested around US$ 17.08 million for the acquisition and construction of the plant in the Chinese market.
  • In September 2017, Verde Farms, a meat processing company, announced launching new Grass-Fed beef and Never Ever product lines. The company will offer pasture-raised meats sourced from cattle that were not treated with antibiotics or growth hormones and fed in feedlots.

Some of the key players operating in the market profiled by FMI are:

  • JBS Foods ® (Brand – Grass Run Farms)
  • Tyson Foods
  • Australian Agricultural Company Limited
  • Hormel Foods Corporation
  • Cargill, Inc.
  • ANZCO Foods
  • Conagra Brands, Inc.
  • Creekstone Farms Premium Beef, LLC
  • Sysco Corporation
  • Others

More Valuable Insights on Grass Fed Beef Market

FMI, in its new report, provides a detailed analysis of the global grass fed beef market, forecasting statistics through 2021 and beyond. The survey reveals growth prospects on in grass fed beef market along with detailed segmentation:

By Form:

  • Raw Meat
  • Processed Meat
    • Fresh Processed
      • Cured
      • Smoked
      • Restructured
      • Slices
      • Chop meat
      • Steak cuts
      • Cuts
      • Patties
      • Sausages
      • Nuggets
      • Meatloaf
    • Dried
    • Others (Fermented, Pickled, etc.)

By Format:

  • Chilled
  • Frozen
  • Shelf Stable

By End-Use:

  • Food Processing Industry
  • Foodservice (Hotels, Restaurants, Cafés
    • Sauces, Dressings and Glazes
    • Snacks
    • Baked Products
    • Ready Meals
    • Processed Meat Products &Marinades
    • Seasoning
    • Instant Noodle/Pasta
    • Soups, Stocks and Bouillon
    • Others (Pie Gravies, etc.)
  • Institutional
  • Household (Retail)

By Distribution Channel:

  • Direct Sales/B2B
  • Indirect Sales/B2C
    • Hypermarkets/ Supermarkets
      • Specialty Meat Outlets
      • Groceries/Mass Retailers
      • Wholesale Club Stores
      • Butcher Shops
      • Ranch
    • Online Retailing

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Key Questions Covered in the Report

  • The report offers insight into grass fed beef market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for grass fed beef market between 2021 and 2031
  • Grass fed beef market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Grass fed beef market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Unit No: 1602-006

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Plot No: JLT-PH2-X2A

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Spirulina Extracts Market Key Methods, Historical Analysis, Application, Technology, Trends And Opportunities by 2032

The spirulina extracts market is valued at US$ 42 million as on 2021. The valuation as on 2022 is US$ 48.13 million. The market is projected to grow at a CAGR of 14.6% during the forecast period. The expected valuation of spirulina extracts market by 2032 is US$ 188.05 million.

The cosmetics manufacturers are increasing the usage of spirulina extracts as these contain anti-wrinkle, anti-acne, and moisturizer properties. This is expected to surge the demand for spirulina extracts during the forecast period. Moreover, the spirulina extracts are gradually replacing the additives and artificial flavors. Furthermore, these are being increasingly employed in dietary supplements because of their number of health benefits.

Even the health experts have recommended the intake of spirulina extracts in prescribed quantities as these are rich source of Vitamin B, polysaccharides, selenium, zinc, and phycocyanin. These as well are expected to increase the sales of spirulina extracts during the forecast period.

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Additionally, there is an increase in the number of vegan and vegetarian population. Many vegetarians do not prefer consuming eggs as well. This would certainly surge the usage of spirulina extracts as these extracts are a rich source of different kinds of nutrients, which can hardly be fulfilled by any other fruits or vegetables.

Thus, from the research conducted by FMI, it can be inferred that Continuous innovation in spirulina extracts-based food, coupled with an increase in health consciousness among consumers, and lots of other factors are expected to drive the spirulina extracts market.

Key Takeaways:   

  • Spirulina extracts market valuation as on 2021 was US$ 42 million.
  • Spirulina extracts market value as on 2022 was US$ 48.13 million.
  • The expected spirulina extracts market size as on 2032 was US$ 188.05 million.
  • The spirulina extracts market is anticipated to grow at a CAGR of 14.6% during the forecast period.
  • Based on the nature, the conventional spirulina extracts had the largest market share of 80.3% in 2021.
  • Based on the application, the candy/confectionary segment had the largest market share of 24.8% in 2021.
  • Based on the region, North America is the largest spirulina extracts market.
  • Asia Pacific expected to be the fastest growing market.
  • USA spirulina extracts market is expected to be valued at around US$ 60 million by 2032.
  • Japan market expected to grow at an anticipated CAGR of 15.1% during the forecast period.
  • Germany spirulina extracts market expected to grow at a CAGR of 12.6% during the forecast period.
  • China market expected to grow at a CAGR of 16.7% during the forecast period.
  • India market expected to grow at a CAGR of 16% during the forecast period.

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Competitive Scenario

With mergers and acquisitions happening at a rapid pace, the key players are looking at ways to expand their presence across the globe. Additionally, the key players are also looking to diversify their product portfolio by venturing into other sectors here spirulina extracts can be used.

Some of the recent developments are:

  • In June 2022, Aller Aqua appointed Hendrik Sorensen as the new sales manager for D-A-CH.
  • In August 2022, DIC and FPCO begin collaborating to deploy the world’s first Dissolution and separation recycling technology for the closed-loop recycling of plastic food trays.

Key Companies Profiled

  • Ideal Natural Extract,
  • Sensient Colours LLC.
  • Greenjeeva
  • Algene Biotech
  • Aller Aqua
  • BASF
  • Chr. Hansen A/S,
  • Cyanotech Corporation
  • Zhejiang Binmei Biotechnology Co., Ltd
  • C.B.N. Spirulina Canada Co., Ltd,
  • DDW – the Color House,
  • DIC Corporation- Earthrise Nutritionals,
  • Dohler Group,
  • Fiorio Colori S.p.A,
  • FMC Corporation
  • Hydro Linea Biotech,
  • Naturex SA,
  • Royal DSM,
  • Sensient Technologies Corporation
  • Solazyme
  • Japan Algae Co., Ltd.

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Frequently Asked Questions

  • What is the Expected CAGR of the Spirulina Extracts Market during the Forecast Period?
  • What is the Expected Spirulina Extracts Market Size in 2032?
  • What is the Valuation of Spirulina Extracts Market as on 2022?
  • Which Region is the Largest Spirulina Extracts Market?
  • What are the Main Factors Driving the Spirulina Extracts Market?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Aromatherapy Market to Exhibit Opulent CAGR of 8.1% From 2022 to 2032 Attributing to its Increasingly Popular Among Wellness Professionals

The global aromatherapy market is predicted to grow with a positive outlook by exhibiting growth at a CAGR of 8.1% over the projection period from 2022 to 2032. The global market is expected to be valued at around US$ 5.9 Billion in 2022 with a total estimation of around US$ 12.9 Billion by 2032.

Aromatherapy is used for a variety of health-related advantages which is one of the predominant reasons to drive the industry growth over the assessment period.  According to the historical analysis by Future Market Insights, the global aromatherapy market witnessed a significant surge at a registered CAGR of 6.5% from 2016 to 2021.

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Aromatherapy is known as a holistic therapeutic alternative or a supplementary treatment that uses aromatic ingredients such as essential oils derived from plants. Aromatherapy is known as a medication with essential oils which helps in boosting the health of the body, mind, and spirit. It improves both physical and mental well-being.

The aromatherapy sector is anticipated to predicted to surge immensely in the future attributed to its wide array of uses and low side effects. As more people become aware of the benefits of essential oils, the market will grow, particularly among patients suffering from skin disorders and acne.

Consumer choice for aromatherapy was immensely influenced by the Covid-19 pandemic. Due to surging scientific evidence supporting the numerous benefits bestowed by aromatherapy and topical essential oil therapies for pain relief in disorders such as dysmenorrhea, the market is expected to exhibit significant growth traction in the anticipated years.

There are several hospital-based aromatherapy programs rapidly being built in developed nations, which is another major driver projected to support aromatherapy market expansion.

Key Takeaways

  • Several wellness professionals including spa therapists, aroma therapists, massage therapists, and gym trainers, prefer single and blended essential oils for the treatment of insomnia, anxiety, pain, agitation, stress, and other conditions because essential oils provide the desired therapeutic effects with minimal or no side effects. This is due to the fact that these treatments may be conducted without the use of medicines.
  • One of the crucial driving factors propelling the growth of the global aromatherapy industry is known to be its strong distribution network. Various essential oil markers are working on negotiating distribution arrangements with large retail corporations to make their goods available, which will result in greater penetration of aromatherapy treatments and products.
  • Aromatherapies are rapidly being preferred these days attributing their properties for relaxation is likely to contribute to the aromatherapy market’s revenue development. The development of inhalation aromatherapy for the treatment of sleep issues such as insomnia is significant market advancement.

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Competitive Landscape

Dominant aromatherapy product manufacturers are employing multi-level marketing tactics in order to enhance product distribution and they are also considering hiring a large number of independent distributors. This has resulted in increased accessibility and affordability of aromatherapy goods are likely to stimulate global demand for essential oils and aromatherapy diffuser products.

An extensive marketing network of distributors is expected to benefit both global and local market participants. In addition to that, firms are providing their aromatherapy goods online, which are projected to assist the aromatherapy market’s growth.

Key Companies Profiled

  • doTERRA
  • International Flavors & Fragrances Inc.
  • Symrise
  • Edens Garden
  • Young Living Essential Oils
  • Rocky Mountain Oil
  • Mountain Rose Herbs
  • Plant Therapy Inc.
  • Thann-Oryza Co. Ltd.
  • Isagenix International LLC

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Key Segments Covered in the Aromatherapy Industry Analysis

Aromatherapy Market by Product:

  • Aromatherapy Consumables
    • Essential Oils
      • Floral
      • Citrus
      • Herbaceous
      • Spicy
      • Woodsy
      • Earthy
      • Camphorous
      • Others
    • Blended Oils
    • Carrier Oils
  • Aromatherapy Equipment
    • Nebulizing Diffusers
    • Ultrasonic Diffusers
    • Evaporative Diffusers
    • Heat Diffusers

Aromatherapy Market by Application:

  • Relaxation
  • Insomnia
  • Pain Management
  • Scar Management
  • Skin & Hair Care
  • Cold & Cough
  • Others

Aromatherapy Market by Mode of Delivery:

  • Topical Application
  • Direct Inhalation
  • Aerial Diffusion

Aromatherapy Market by Distribution Channel:

  • Aromatherapy Products Sold at Retail Shops
  • Aromatherapy Products Sold through Online Channels
  • Direct Distribution of Aromatherapy Products

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Sphingolipids Market Growth Accelerating with the Increasing Demand for Sphingolipids from Various End-Use Industries Such as Skin Care, Hair Care: Future Market Insights

As per Future Market Insights’ latest industry analysis, the valuation for the global sphingolipids market was around US$ 564.0 Mn in 2021 and is projected to exhibit a CAGR growth of close to 5.1% over the forecast period, with an estimated valuation of US$ 991.8 Mn in 2032.

The global market for sphingolipid products is expanding rapidly as a result of rapid molecular and biological customization in the sphingolipid components/ formulations and the increasing prevalence of cardiovascular diseases worldwide coupled with an elderly population.  During the forecast period, the market is anticipated to be driven by an increase in the use of natural, synthetic, and semi-synthetic sphingolipids and monomers in the creation of various pharmaceutical formulations.

As the sphingolipids market is not reaching its potential as per the asked demand, due to unexplored benefits of sphingolipids in the healthcare sector, and the side effects of the consumption of sphingolipids inappropriately, the companies are introducing novel sphingolipids components/formulations with minimal side effects at reasonable costs.

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This factor might significantly improve the adoption and consumption of pharmaceutical sphingolipids. The rising product launches and approvals are expected to contribute to the market growth over the forecast period too.

Key Takeaways from Market Study

  • Sphingomyelin is the leading segment as a product and holds approximately 0% market share in 2021, due to its anti-cancer, bacteriostatic, and cholesterol-lowering characteristics.
  • Synthetic sphingolipids are the leading segment by source, and held about 4% market share in 2021, owing to their potential as therapeutic prospects for treating a range of medical problems.
  • Conventional lipid-based drug delivery systems (LBDDS) is the leading segment in terms of application holding about 9% of the market share, as compared to traditional tablets or powder-filled capsules, as they can improve bioavailability and reduce dissolving rate-limited absorption because of their pharmacological composition in a solubilized condition.
  • Semi-solid form of sphingolipids is the leading form as of 2021, withholding about 3% of the global market share, owing to the property of reduced adverse side effects when a high drug load is applied to the area where the medication is actually required.
  • Pharmaceutical companies are the leading end users of the global market as of 2021, withholding about 5% of the market share, because of increased outsourcing, innovative modalities, and creative patient outreach tactics.
  • By region, North America is leading in the global sphingolipids market and is expected to continue to do so with a projected CAGR of 4% during the forecasted years.

“Rising initiatives to promote health benefits of sphingolipids products, as well as the increasing ongoing research and development in modifying novel sphingolipids formulations is set to propel the market of sphingolipids across the globe,” says an analyst of Future Market Insights.

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Market Competition

Companies are actively working to increase their market share in this industry by forming strategic agreements to diversify their respective service offerings and sphingolipid production capacities.

  • In January 2022, Pfizer and Acuitas Therapeutics reached an agreement on Lipid Nanoparticle Delivery System for mRNA vaccines and therapeutics.
  • June 2022: To support customers’ scientific research, CD Bioparticles, enlarged its lipid system portfolio and introduced a number of Sphingolipids products. With the addition of Phosphosphingolipids, Ceramides, Sphingolipid Metabolism, Sphingosines, Glycosphingolipids, Phytosphingosine, and Sphingomyelin, researchers now have more options to choose from and employ in lipid system applications.

Key Companies Profiled

  • Merck KGaA
  • CordenPharma International
  • Lipoid GmbH
  • LARODAN AB
  • Croda International Plc.
  • Biosynth, Santa Cruz Biotechnology, Inc.
  • Creative Enzymes
  • CD Bioparticles
  • Cayman Chemical Company
  • Biosolve BV

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Key Segments Covered In Sphingolipids Industry Research

By Product:

  • Ceramide
  • Sphingomyelin
  • Glucosylceramide (GlcCer)
  • Lactosylceramide (LacCer)
  • Ganglioside GM3
  • Other

By Source:

  • Synthetic
  • Semi-synthetic
  • Natural

By Application:

  • Conventional Lipid-based Drug Delivery Systems (LBDDS)
  • Self-Emulsifying Drug Delivery Systems (SEDDS)
  • Self-Microemulsifying Drug Delivery Systems (SMEDDS)
  • Liposomes
  • Solid Lipid Nanoparticles
  • Nanostructured Lipid Carriers
  • Others

By Form:

  • Liquid
  • Semi-solid
  • Solid

By End User:

  • Pharmaceutical Companies
  • Biopharmaceutical Companies
  • Academics and Research Institutes
  • Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global surface plasmon resonance market is estimated to be valued at US$ 910.4 Mn in 2022 and is expected to reach US$ 1807.7 Mn by 2032

Surface plasmon resonance market growth is anticipated, rising from US$ 910.4 million in 2022 to US$ 1807.7 million in 2032. The market is expected to grow at a CAGR of 7.1% over the course of the forecast period, according to FMI.

Increasing adoption of label-free detection techniques over labelled detection techniques is due to their cost-effective nature. Additionally, the availability of versatile products coupled with surface plasmon resonance to enhance the specificity of tests is an important factor that will bolster the demand for surface plasmon resonance.

Imaging systems help in increasing throughput at a remarkable speed and with precise motion and consistency in report generation. Furthermore, the introduction of multifunctional products for improved outcomes is also expected to drive the growth of the surface plasmon resonance market over the forecast period.

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 “Increasing application of surface plasmon resonance in the field of drug discovery and medical imaging is contributing to the growth of the surface plasmon resonance market. Development of new technologies coupled with surface plasmon resonance, such as nanoparticle surface plasmon resonance and microfluidics, is playing an important role in the overall growth of the global surface plasmon resonance market.”

Key Takeaways of Surface Plasmon Resonance Market Study

  • The market share of imaging systems is evaluated to grow at a significant rate by the end of 2029, as these are the ideal solution for the analysis of label-free and multiplexed biomolecules.
  • Sales of surface plasmon resonance are envisaged to be higher in North America. Increasing adoption of imaging systems and biosensors in life science R&D is anticipated to boost the growth of the surface plasmon resonance market in the region.
  • Innovation while developing imaging software used in surface plasmon resonance for the analysis of kinetic parameters of biomolecular interactions is a key aspect for increasing the reproducibility of results. Companies are investing in R&D initiatives to introduce superior imaging devices with enhanced magnification, to observe the smallest deflection in the refractive index, thus aiding the growth of the surface plasmon resonance market.

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Adoption of Label-free Detection Technique for Analysis of Biomolecules

Detection of biological analytes through their physical properties is difficult. As a result, researchers rely on the addition of some sort of label to one or more of the analytes that need to be studied. Inclusion of this label for increasing specificity and accuracy has increased the cost of reagents and assays. To reduce assay cost and complexity while providing more qualitative information through labelled detection, adoption of the label-free detection technique such as surface plasmon resonance has increased, and is expected to fuel the growth of the global surface plasmon resonance market during the forecast period.

The label-free detection technique simplifies the procedure by reducing the time and effort required for the development of the assay. Thus, increasing adoption of label-free detection techniques over labelled detection is expected to boost the growth of the global surface plasmon resonance market.

Want more insights?

The surface plasmon resonance market report, a new study by Future Market Insights, opines on the evolution of the global surface plasmon resonance market from 2014–2018, and presents demand projections for 2019–2029, on the basis of product type (imaging systems, sensor systems, and reagents), application (drug delivery, material science, and biosensors), and end user (academic and research institutes, food and beverage industry, biopharmaceutical companies, CROs, and others), across seven prominent regions.

Key players

  • GE Healthcare
  • AMETEK.Inc.
  • Horiba

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Surface Plasmon Resonance Market By Category

By Product:

  • Imaging System
  • Sensor System
  • Reagents

By Application:

  • Drug Discovery
  • Material Science
  • Biosensors

By End User:

  • Academic & Research Institutes
  • Food & Beverage Industry
  • Biopharmaceutical Companies
  • CROs

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Rising Pediatric and Geriatric Patient Preference for Softgel Capsules is expected to Drive Market Growth: Get Insights FMI

As per Future Market Insights’ latest industry analysis, the valuation for the global softgel capsules market was around US$ 1.7 Bn in 2021, and is projected to exhibit growth at a CAGR of close to 6.0% over the forecast period.

Recent years have seen a significant increase in interest in the oral delivery of medications with low water solubility due to the development of soft gelatin capsules (SGCs) delivery systems. This can be explained by the surge of low-solubility medications in the pipeline and the difficulties in creating bioavailable and consistent dose forms.

These drugs are encapsulated inside SGCs, which is a method employed to transport the active constituents to the systemic circulation, to overcome some formulation constraints. SGCs feature great dose accuracy and homogeneity, as well as higher consistency in manufacturing and product stability.

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This is crucial for drugs that are susceptible to oxidative and hydrolytic breakdown. The expanding cosmetics industry’s desire for soft gel capsules to supply cosmeceuticals in the form of capsules drives the growth of the worldwide soft gel capsules market.

The rising consumption of supplements in capsule form increases demand for soft gel capsules, propelling the global soft gel capsules market. The pharmaceutical industry’s use of soft gel capsules is also aided by improvements to the capsules’ outer shell and compatibility with the ingredients inside, which have become two of the market’s main growth drivers.

Owed to the aforementioned factors, the global softgel capsules market is set to reach an estimated valuation of US$ 3.1 Bn in 2032.

Key Takeaways from Market Study

  • Gelatin softgel capsules are the leading segment as product, and hold approximately 3% market share in 2021, owing to their property of increased bioavailability, and greater absorption.
  • Type-A gelatin (pork skin) segment is set to lead in terms of raw material for softgel capsules with a projected market share of around 5% by 2032, owing to the high availability of porcine sources of raw material globally.
  • By application, health supplements are leading in the global softgel capsules market, and are expected to continue to do so with a projected CAGR of 5% during the forecasted years, as they are easy to swallow and disintegrate quickly.
  • By end users, CMOs hold a dominant market share of 2% in the global market in 2021, owed to the lowered cost of production, and higher output.
  • Oral softgels are leading the market as route of administration, holding a share of around 7% in 2021, owed to higher patient preference.
  • North America is considered as the leading region with a global share of 7% in 2021, owed to the large number of available distributors for softgel capsules in the region.

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“Rising prevalence of chronic diseases is promoting the adoption of softgel capsules with greater bioavailability, enhanced absorption, and a long shelf-life,” says an analyst of Future Market Insights.

Market Competition

The market for softgel capsules is fragmented, and there exists a number of contract manufacturing players within the market sphere. Key players promote market expansion through novel product launch activities along with acquisitions and collaborations.

  • The delayed/enteric release softgel OptiGel® DR by Catalent was introduced in October 2020 for applications in pharmaceutical and nutraceutical applications.
  • Sirio Pharma Company Limited announced in July 2022 that Sirio will purchase 80% of Best Pharmaceuticals, a contract manufacturer of nutraceuticals and dietary supplements.

Key Companies Profiled

  • Aenova Group GmbH
  • Fuji Capsule Co., Ltd
  • Sirio Pharma Company Limited
  • Catalent, Inc
  • EuroCaps Ltd
  • Guangdong Yichao Biological Co., Ltd.
  • Elnova Pharma
  • Captek Softgel International Inc
  • Hunan Er-Kang Pharmaceutical Co., Ltd
  • Soft Gel Technologies Inc.

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Key Market Segments Covered in Softgel Capsules Industry Research

By Product:

  • Gelatin Softgel Capsules
  • Vegetarian Softgel Capsules

By Raw Material:

  • Type-A Gelatin (Pork Skin)
  • Type-B Gelatin (Animal Bones & Skin)
  • Fish Bone Gelatin
  • Cellulose Derivatives
  • Starch Material

By Application:

  • Antacid & Antiflatulent Preparations
  • Antianemic Preparations Hematinic Preparations)
  • Anti-inflammatory Drugs
  • Antibiotic & Antibacterial Drugs
  • Cough & Cold Preparations
  • Cardiovascular Therapy Drugs
  • Health Supplements
  • Vitamin & Dietary Supplements
  • Other Therapeutic Applications

By End User:

  • In-house Manufacturing
    • Pharmaceutical Companies
    • Nutraceutical Companies
    • Cosmeceutical Companies
  • Contract Manufacturing Organizations

By Route of Administration:

  • Oral Softgels
  • Suppositories
  • Pessaries
  • Twist off Softgels
  • Others

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Sodium Caseinate Market Value to Grow by Almost US$ 7.41 Billion During 2031 | Says FMI Analyst

According to the latest research from Future Market Insights (FMI), the worldwide sales of sodium caseinate market will increase ~5% year-over-year to reach ~270 thousand tons in 2022, up from ~258 thousand tons in 2021.

FMI analysts forecast the sodium caseinate market to grow at a value CAGR of ~4.6% through to 2029, driven by greater demand for functional or fortified foods along with the shift of high-protein trend from niche to mainstream.

The analyst finds that the sheer volume of bakery consumption in recent years has largely contributed the increased sales of different types of protein, thereby potentially raising the demand for sodium caseinate. Offering whipping and aeration stability to food emulsions, sodium caseinate has garnered significant traction as a viable emulsifier or food additive in various sectors of F&B industry.

However, the launch of animal-free emulsifiers in line with emerging trends of veganism and increasing awareness regarding the impact of food production, especially for animal-based products, on environment will represent a potential threat for the market players.

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Sales of Food Grade Sodium Caseinate to Ramp up in 2021

According to the FMI analyst, the consumption of food grade sodium caseinate, especially for dairy, frozen foods, and bakery & confectionery products, continue to influence the growth strategies of the market players, as the category accounted for three-fourth share of the market in 2018.

To tap into opportunities in different end-use industries, ranging from cosmetics to chemical, manufacturers are focused on increasing the production of industrial grade sodium caseinate, which is likely to represent ~5% increase in sales in 2022.

“Sodium caseinate worth ~US$ 480 million were sold as food additive in 2021, while its application as emulsifier is likely to result in increased market share in the foreseeable future,” said the FMI analyst.

“As today’s consumers move towards highly nutrient products which support weight management and counteract the risk of obesity and other lifestyle diseases, F&B manufacturers are increasingly demanding for sodium caseinate as an ideal fat free stabilizer for wide range of products.”

Key Companies Profiled

  • Israel Chemicals Ltd
  • AGROCOMPLEX Sp. z o.o.
  • Lactoprot Deutschland Gmbh
  • Erie Foods International Inc.
  • Charotar Casein Company
  • AMCO Proteins
  • Avani Food Products
  • Fonterra Co-operative Group
  • Ningxia Yimei Biotechnology Co., Ltd.
  • Gansu Hua’an Biotechnology Group

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F&B Industry to Unlock New Profit Pools for Market Vendors

The global food industry no longer looks like its former self, as increased incomes, preferential shifts towards health and wellness, and structural shift towards urban living have brought significant transformation in recent years, according to the FMI analyst.

In 2021, the consumption of sodium caseinate by F&B industry accounted for ~70% sales, while the application in pharmaceuticals and cosmetics is likely to witness a quantum leap in growth in 2022 and beyond. Considering the nature and excellent properties of the product including high degree of emulsification, viscosity-enhancing, and foaming and gas retention, manufacturers are exploring the application of sodium caseinate in chemical and other industrial products.

Sodium Caseinate Market by Category

By Product Grade:

  • Food Grade
  • Industrial Grade

By Application:

  • Food Additives
  • Emulsifiers
  • Free Fat Stabilizers
  • Others

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetics
  • Chemicals
  • Other Industrial

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East Asia to Take Centre Stage in Sodium Caseinate Market

The FMI analyst forecasts that Europe and East Asia are neck and neck to acquire the leading position in sodium caseinate market. Rising consumer interest in the benefits of high quality ingredients in various food products is likely to offer greater opportunities for market players in East Asia.

In 2021, the East Asia market for sodium caseinate market accounted for ~26% revenue to share, and is expected to record ~6% y-o-y growth in 2022. In the global scenario, the sodium caseinate market shows a high level of fragmentation, with a number of global players collectively accounting for 20-25% share.

The emergence of large number of local consumers catering to domestic end users has resulted into contracted profit margins of the international players. Establishing strong relationship to distribution channel partners and strengthening manufacturing facilities continue to key focal points of the manufactures.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Industrial Oxygen Market to Achieve A High CAGR Of 7.9% During Forecast Period by 2031 | Says FMI Analyst

Finds Future Market Insights (FMI) in a recent research study. As per the study, the industrial oxygen market is anticipated to witness a growth rate of 7.9% during the coming assessment period. Growth in the steel industry is expected to boost the demand for industrial oxygen, as commercial oxygen is used in the production of materials such as stainless steel.

Growing demand for oxygen from various industries, including metal fabrication and welding, aerospace and automotive, chemical, metallurgy, construction and steel industries, and the healthcare sector are anticipated to boost the demand of industrial oxygen in the coming decade.

Expansion of construction and automotive sectors is expected to indirectly boost the demand of industrial oxygen in the coming years. The growing aerospace industry is also expected to bolster the demand for commercial oxygen in the near future, as liquid oxygen is used as fuel.

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Moreover, the growing healthcare sector also has boosted the consumption of industrial oxygen. During the pandemic, the demand for oxygen witnessed a sudden surge owing to the increasing number of COVID-19 patients all over the globe in the year 2020 and 2021. These factors will prove crucial for continued growth of the global industrial oxygen market.

The market is further anticipated to reach a value of US$ 129.77 Bn by the end of the forecast period. With the growing demand for metals, from the construction and automotive sector, the demand for industrial oxygen is also expected to witness substantial growth, since oxygen is used in the production of steel and alloys.

Key Takeaways from Industrial Oxygen Market Study

  • Liquefied oxygen will witness significant growth in demand from aerospace, healthcare, construction, and steel industries. It will hold around 55% of the global value share.
  • Growing demand for oxygen for application in chemical processing is also anticipated to bolster sales, accounting for over US$ 8.3 Bn in 2021.
  • The North America market is dominated by the U.S., accounting for over 84% of the regional market, driven by relatively higher levels of industrial investment.
  • Germany and France hold the lead in Europe, with a valuation of over US$ 2.5 Bn and 2.3 Bn in 2021.
  • Driven by developments in the industrial and infrastructure sector, China is expected to remain a key market, accounting for more than 65% of the East Asia value share.

“The healthcare sector has been exhibiting demand for oxygen amid COVID-19 outbreak owing to the critical requirement of oxygen supply for the surging number of covid-19 patients, resulting is supply shortages in many markets,” said a lead analyst at FMI.

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Industrial Oxygen Market by Category

By Product Type:

  • Compressed Oxygen Gas
  • Liquefied Oxygen
  • Oxygen Gas Mixture

By End Use:

  • Automotive & Aerospace
  • Chemical Processing
  • Energy
  • Construction & Metallurgy
  • Medical & Healthcare
  • Food & Beverages
  • Welding & Metal Fabrication
  • Others

Who is Winning?

Leading players in the industrial oxygen market are focusing on strategic expansions by bolstering production capacity, opening new plants in emerging economies, in addition to collaborations and partnerships to provide high quality products and to increase market presence. These companies are also focusing on strengthening of their product portfolio and developing stronger distribution partnerships.

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Key manufacturers in the industrial oxygen market include but are not limited to Matheson Tri-Gas Inc, Air Products and Chemicals, Inc. Noble Gas Solutions, Air Liquide, LINDE plc, Gulf Cryo, SOL Spa, Messer Group GmbH, Showa Denko K.K., Air Water Inc., Ellenbarrie Industrial Gases Ltd., Taiyo Nippon Sanso Corporation, KOATSU GAS KOGYO CO., LTD., Yingde Gases Group Co., Ltd., Daesung Group, INOX Air Products Private Limited, International Industrial Gases Limited, Axcel Gases, ECHO Gases Pvt. Ltd., Premier Cryogenics Ltd., Bhuruka Gases Limited, Seva Gases Private Limited and Piramala Gases.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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