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Scratch-Resistant Glass Market Poised for Explosive Growth: From US$ 2.8 Billion to US$ 7 Billion by 2034

The scratch-resistant glass market is expected to be valued at US$ 2.8 billion in 2024. The market’s progress is projected to be invigorating from 2024 to 2034, with a CAGR of 9.7%, compared to 2.5% in 2023. By 2034, the market value is forecasted to reach US$ 7 billion.

With the increasing popularity of advanced and expensive smartphones and other mobile devices, consumers are becoming more concerned about safeguarding their investments. To protect their phone screens from scratches and other types of damage, scratch-resistant glass has become a popular choice among consumers.

The trend toward larger screens has also contributed to the demand for scratch-resistant glass. As screens have grown bigger, they have become more vulnerable to damage, creating a need for products that can protect them from scratches and other types of damage.

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Consumer demand has led to the adoption of scratch-resistant glass in other industries, such as the automotive industry, where it is being used in windshields and windows to prevent damage from road hazards. As a result, there is a rising need for durable and long-lasting products in a wide range of industries, including eyewear and industrial applications. With the advancement of technology and the increasing reliance on electronic devices, the demand for scratch-resistant glass is expected to continue to grow in the future.

The production of scratch-resistant glass is quite expensive due to the intricate manufacturing process involved. This results in relatively higher prices for scratch-resistant glass products, which may make them less attractive to budget-conscious consumers. Furthermore, during the anticipated period, the market for scratch-resistant glass is expected to face tough competition from alternative materials such as plastic and polycarbonate.

“The rising demand for high-quality materials is reshaping the scratch-resistant glass market, especially in the electronics industry, where screens need protection against scratches and cracks. This type of glass is increasingly sought-after due to its ability to safeguard devices from damage, translating to enhanced durability and longer lifespans. This trend indicates a significant shift towards prioritizing longevity and performance, driving further growth in the scratch-resistant glass sector,” says an analyst at FMI.

Key Takeaways from the Scratch-resistant Glass Market

The scratch-resistant glass market is estimated to register a CAGR of 9.7%, with a valuation reaching US$ 7 billion by 2034.
Chemically strengthened glass is anticipated to dominate the market by registering a 9.5% market CAGR from 2024 to 2034.
With a 9.3% market CAGR, smartphones and tablets are likely to drive the market from 2024 to 2034.

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Competitive Landscape

In the scratch-resistant glass sector, there is a broad spectrum of players offering a variety of solutions. Some companies present coatings or films that can be applied to surfaces, enhancing scratch resistance. On the flip side, others concentrate on creating innovative materials with inherent scratch-resistant properties. Additionally, there are specialized companies that excel in providing repair services for scratched surfaces. The market is dynamic, swiftly evolving, and expanding, with frequent introductions of new innovations and advancements.

Recent Developments in the Scratch-resistant Glass Market

In 2021, Corning Incorporated unveiled a fresh range of its tough, scratch-resistant glass composite products, namely Corning Gorilla Glass with DX and Corning Gorilla Glass with DX+.
In 2022, the latest addition to AvanStrate Inc.’s (ASI) product portfolio is the AvanRhino Cover Glass. It is designed with exceptional ability to withstand drops and scratches and can be used in various devices such as smartphones, laptops, tablets, and automobile monitors.
In 2023, PGT Innovations made Diamond Glass the standard glass in its WinDoor product portfolio. Diamond Glass is a type of laminated glass that is ultra-lightweight and features Corning Architectural Technical Glass. This glass is up to 45% lighter than traditional laminated glass and more than three times more resistant to scratches.

Top Key Players

Saint-Gobain S.A.
Corning Incorporated
Asahi Glass Co., Ltd.
Nippon Electric Glass Co., Ltd.
Schott AG
Guardian Industries
Kyocera Corporation
Murata Manufacturing Co., Ltd.
Rubicon Technology
Crystalwise Technology Inc.

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Scratch-resistant Glass Market Segmentation

By Product:

Chemically Strengthened Glass
Sapphire Glass

By Application Type:

Smartphones & Tablets
Automotive
Interior Architecture
Electronics
Others

By Region:

North America
Latin America
East Asia
South Asia
Europe
Oceania
MEA

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:

Nandini Singh Sawlani

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
Website: https://www.futuremarketinsights.com
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Krill Oil Market Set to Skyrocket to US$ 2.7 Billion by 2033: Investors Eye Lucrative Growth Opportunities in Functional Foods and Supplements Sector

The krill oil market valuation is US$ 997.4 Mn in 2023 and is rising to US$ 2.7 Bn by 2033. Sales of krill oil are anticipated to grow at a CAGR of 10.5% during the forecast period.

Krill oil is becoming increasingly popular in the food sector as a means to deliver healthful gourmet ingredients while also improving food quality. Consumers are more aware than ever of their dietary habits and overall health. The market will expand during the forecast period as krill oil’s use as an oil substitute expands.

During the projected period, increased demand for functional foods, healthy diets, and supplements will drive market growth. The availability of enriched products, as well as changing lifestyles, are driving up demand for krill oil.

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How does Krill Oil help to Improve Patient’s Health?

Patients prefer krill oil to control their high blood pressure and cholesterol levels, which is likely to boost market potential throughout the forecast period. Krill oil is increasingly being used to preserve the health of the growing senior population and chronic illness sufferers.

Adoption of krill oil decreases inflammation and increases good fats in patients, resulting in increased market growth during the predicted period. Patients are increasingly turning to krill oil to alleviate joint and arthritic pain and improve their overall health.

Top Countries Influencing the Market:

In India, expanding eating habits, healthy diet foods, and increased demand for nutrient-rich meals are driving the demand for krill oil. Gym trainers are boosting their use of krill oil capsules to supplement their daily nutrient diets, propelling the Indian market forward. Current manufacturers and R&D activity increase market opportunities.

Key Takeaways

The krill oil market in the United States is anticipated to grow at a CAGR of 10% through 2033.
With a CAGR of 11.1%, the United Kingdom’s krill oil marketsignificantly uplifts during the forecast period.
The krill oil market in China is expected to grow at a CAGR of 14.4% over the forecast period.
With a CAGR of 14.0% throughout the research period, the Indian krill oil market increases speedily.
The German market is anticipated to grow at a CAGR of 9.4% during the forecast period.

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Who is Winning?

Prominent companies are uplifting their market share by innovating new products. These companies provide a healthy substitute oil that prevents chronic disease, high heart rates, and inflammation.

A few of key players in the market are:

Neptune Biotech
Aker BioMarine AS
Alpha B&H Co.
Fuji Chemicals
Krill Canada
Rimfrost AS
Norwegian Fish Oil AS
Quingdao Kangjing Marine Biotechnology Co. Ltd.
Xi’an Prius biological engineering Co. Ltd.
Nutrifynn Caps Inc.
Others

Recent Developments in the Market:

In Nov 2020, Aker BioMarine announced its newly launched product Lysoveta- a delivery-based platform. The platform is LPC-bound DHA & EPA sourced from krill.
In Jan 2018, Aker BioMarine- the krill oil leader, acquired Enzymotec to enhance its business goals.

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Krill Oil Market by Category

By Foam:

Liquid
Capsules
Soft Gel

By End Use:

Dietary Supplements
Functional Food and Beverages
Pharmaceuticals
Pet Food and Animal Feed
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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
Website: https://www.futuremarketinsights.com
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Bio Vanillin Market Surges to US$ 380.7 Million by 2033 on Back of Rising Demand in Food, Fragrance, and Nutraceutical Sectors

The global bio vanillin market is anticipated to reach a valuation of US$ 191.3 million in 2023, driven by increasing demand from pharmaceuticals and food & beverage industries. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.6% between 2023 and 2033, and reaching a total valuation of approximately US$ 380.7 million by 2033.

One of the major factors contributing to the growth of the bio vanillin market is the growing adoption of plant-based and vegan diets, which has led to an increased need for natural flavoring agents in these products. Bio vanillin, derived from plant sources, is seen as a suitable option for enhancing the taste of plant-based and vegan foods, including dairy alternatives, plant-based protein products, and non-dairy desserts.

Bio vanillin is also used in the fragrance and perfume industry as a key component in creating sweet and aromatic scents. Bio vanillin is expected to witness increased demand, as the fragrance industry expands and seeks natural fragrance ingredients.

The incorporation of bio vanillin into functional foods and nutraceuticals is gaining traction. Bio vanillin can be used to improve the taste and palatability of products that offer health benefits, such as fortified beverages, dietary supplements, and wellness products.

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Key Market Trends and Highlights

Bio vanillin manufacturers are offering customized solutions to meet the specific flavor and aroma needs of food and beverage companies, which allows for more tailored and unique product offerings.
The rise in plant-based and vegan diets has driven the demand for natural flavorings like bio vanillin. It is used to enhance the taste of plant-based alternatives, including dairy-free ice creams, plant-based cheeses, and non-dairy beverages.
In the United States, the demand for bio vanillin is being driven by the increasing popularity of plant-based milk alternatives, such as almond milk and soy milk. Bio vanillin is often used to enhance the taste of these milk alternatives, which are often perceived as having a less desirable flavor than dairy milk.
In India, the demand for bio vanillin is being driven by the increasing population of vegetarians. According to a study (2021) by the Vegetarian Times, there are over 400 million vegetarians in India.

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Key Takeaways from the Market Study

Global bio vanillin market was valued at US$ 178.1 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 7.3%.
China is expected to hold a dominant CAGR of 12.1% through 2033.
By application, pharmaceuticals & food & beverage segments to constitute CAGR of 7.1% and 7.0% respectively, through 2033.
From 2023 to 2033, bio vanillin market is expected to flourish at a CAGR of 7.6%.
By 2033, the market value of bio vanillin is expected to reach US$ 380.7 million.

Ongoing research into enhanced extraction techniques from natural resources like vanilla beans, is a major factor that is expected to propel the growth of the bio vanillin market in the near future,- Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Prominent players in the bio vanillin market are Evolva Holding, Firmenich SA, Solvay, De Monchy Aromatics, Advanced Biotech, Givaudan, Omega Ingredients Limited, Takasago International Corporation, Suzhou Function Group Co Ltd., and Apple Flavor & Fragrance Group Co., among others.

Recent Developments

In 2022, Firmenich announced plans to invest EUR 100 million in a new bio vanillin plant in France.
In 2021, Evolva Holding SA announced that it had received a $20 million investment from Mitsui & Co. to support the commercialization of its bio vanillin.
In 2021, Symrise AG announced that it had entered into a joint venture with BioAmber Inc. to produce bio vanillin from plant-based feedstock.
In the same year, Kemin Industries, Inc. announced that it had launched a new bio vanillin product that is made from sugarcane.

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Segmentation Analysis of the Bio Vanillin Market

By Application:

Food & Beverages
- Ice Cream
- Bakery and Confectionery
- Chocolate
- Other foods
Pharmaceuticals
Fragrances
Cosmetics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia

About Future Market Insights (FMI)

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

Contact Us:
Nandini Singh Sawlani
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Meat Alternative Market Surges at 28.8% CAGR by 2034, Investors Eye Lucrative Opportunities in Sustainable Food Solutions

The global meat alternative market is estimated to reach a valuation of US$ 18.8 billion in 2024. The market is projected to reach a value of US$ 299 billion by 2034, expanding at a CAGR of 28.8% over the assessment period.

Consumption Analysis of Meat Alternatives

Rise in the number of global vegan/vegetarian population
Surge in the demand for meat alternatives from the sports nutrition industry
Rising concerns regarding the ever-growing obese population spur the demand for meat alternatives that are fewer in calories
Substituting lupines with soybeans in tempeh production
Aggressive marketing efforts to make plant-based foods mainstream
Major food processing industries are investing in meat alternatives to capture the emerging segment of health-conscious and ethical consumers
Going forward, plant-based meat sales are likely to account for a significant part of demand in the global market for meat alternatives

This period is marked by staggering growth of 28.8% CAGR, driven by robust FDIs by foreign companies in emerging countries with expansive availability of sources and raw materials to develop alternatives to meat.

Sales of meat mimicry products are ascending at a rapid speed, as consumers are becoming aware of the health risks posed by eating certain meats in excessive quantities. Along with this, people are becoming aware about the different healthy and sustainable foods that are available in the marketplace and can effectively replace meat in consistency, taste, and flavor. Thus, making this transition quite smooth.

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The growing number of vegans and flexitarians is another vital factor that is predicted to fuel the market growth. Additionally, government bodies across numerous countries are endorsing the consumption of meat alternatives, owing to the health benefits offered by these products.

Market players are making their contribution by introducing new varieties of meat alternatives to meet the growing demand for healthy and tasty products that replace the role of meat in a dish and provide a similar high protein nutritional value.

“Key players are competing on price and eCommerce accessibility to increase their product sales. Additionally, to capture the hesitant consumers, players are experimenting to develop unique flavors influenced by local cuisines,” says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways from the Meat Alternative Market Study

Increasing vegan population tracked in various countries, such as the United States and the United Kingdom, is driving the market for meat alternatives.
The market in the United States is expected to grow at a CAGR of 10.3% over the forecast period.
The market in the United Kingdom is anticipated to expand at a CAGR of 8.1% through 2034.
Augmented demand for plant-based protein foods, predominantly in the United States, France, Germany, and the United Kingdom.
Based on the Source, the tofu is expected to account for a market share of 14.2% in 2024.

Competitive Landscape

Several top market players are concentrating on providing meat alternatives at a competitive price by lowering their production costs. Prominent players of meat alternatives are investing in research and development activities to produce organic, non-GMO products from meat alternative. Various hotel chains and restaurants are also partnering directly with manufacturers or growers of meat alternatives for sourcing of high-quality products to be used in their dishes.

Meat alternative manufacturers such as Impossible Foods, Benson Hill, Meati, Beyond Meat, Good Catch, Motif FoodWorks, Good Dot, Nature’s Fynd, Evo Foods, Mister Veg, Greenest, Vezley, Wakao, and Imagine Meats, among others, are employing multiple marketing strategies such as geographical expansion, new product launches, partnerships and collaboration, and merger and acquisitions to identify the interest of potential buyers and create a larger customer base.

Key Companies in the Meat Alternative Market

Beyond Meat
Amy’s Kitchen
MorningStar Farms
Tofurky
Field Roast
VBites
Maple Leaf Foods
Kellogg
Pinnacle Foods

Recent Developments in the Meat Alternative Market

In August 2023, Shelf-stable plant-based products are introduced by Nestlé. The soy-based Maggi faux-meat items are “certified as vegan.” The line includes the first plant-based minced beef from the company that is shelf-stable. SKUs that blend vegan “mincemeat” with spice for tacos, empanadas, spaghetti bolognese, and lentil soup are among Nestlé’s new offerings.
In September 2023, Vertera ProBite, a plant-based meat substitute, is released by Novozymes. Vertera ProBite is a new product from biosolutions business Novozymes designed for producers of meat substitutes. The product’s formulation was intended to improve plant-based goods’ texture. The liquid product Vertera ProBite is likely to have advantages like straightforward labelling and convenience of use.
In November 2023, new mushroom-based meat substitutes are released by Meati. Meati, a company that makes meat substitutes using its mushroom component, has released four new goods. Italian-Seasoned Cutlet, Garlic & Black Pepper Steak, Crispy Bites, and Spicy Crispy Cutlet are the latest offerings.
Kuleana, a San Francisco start-up, has combined plants and biotechnology to develop sushi-grade food. In 2021, TIME Magazine featured Kuleana’s plant-based Tuna as one of the best creations that are free from harmful substances found in fish.
In May 2021, Unilever partnered with the food tech company ENOUGH to develop new plant-based meat products, starting in the United Kingdom. The technology involves a unique zero-waste fermentation process to grow a high-quality protein. The raw materials include wheat and corn, which eventually produce mycoprotein, a complete food ingredient containing all essential amino acids.

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Key Market Segmentation

By Type:

Patties
Hotdogs
Sausages
Meatballs
Others

By Nature:

Organic
Conventional

By Source Type:

Seitan or Wheat gluten
Tofu
Quorn
Risofu
Tempeh
Algae/ Mycoprotein
Insects
Textured Vegetable Protein
Fermented proteins
Fish Protein
Cultured or ‘clean’ meat
Others (Yaso, Nato and Miso)

By Application:

Frozen Food
Bakeries
Pet Food
Supplements
Others

By Distribution Channel:

Supermarkets
Departmental Store
Modern Trade
Food Chain Services
Online Stores
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Commercial Griddles and Flat Top Grill Market worth US$ 2.7 billion Value by 2033

The global demand for commercial griddles & flat-top grills is projected to increase at a CAGR of 4% during the forecast period between 2023 and 2033, reaching a total of US$ 2.7 billion in 2033, according to a report from Future Market Insights (FMI). Growth in sales and profits increased at a CAGR of 10% between 2018 and 2022. Increasing food service demand and growing consumer preferences for convenience foods are expected to drive the growth of the commercial griddle & flat-top grill market. This market is also expected to grow due to the growing trend of outdoor dining.

An increasing number of food service establishments are investing in commercial griddles and flat-top grills to prepare food efficiently in the coming years. Additionally, the emergence of multi-cuisine restaurants will increase the demand for commercial griddles and flat-top grills, since they are suitable for preparing a diverse range of foods. Due to the growing foodservice market, home cooking trends, and new innovative products that are available to meet the growing demand, commercial griddles, and flat-top grills have become increasingly popular. Increasing numbers of restaurants and households are looking for high-quality and efficient cooking solutions in the future, which will drive market growth.

Foodservice consumers are increasingly demanding convenience and variety, which is driving growth in the commercial griddle and flat-top grill market. A surge in demand for innovative products, like electric flat-top grills and griddles, along with a significant increase in their use in the future, will also lead to a surge in demand for these products. As the hospitality industry continues to grow, commercial griddles & flat-top grills are expected to continue to be in high demand in the future, due to both increased consumer demand for convenient cooking solutions and growth in the hospitality industry demand for griddles & flat-top grills. Technology advancements like automatic griddles and flat-top grills are also expected to drive market growth.

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Key Takeaways from the Market Study

Global market for commercial griddles & flat top grills was valued at US$ 1.9 billion in 2022
By end-user, full-service restaurants will account for 55% of commercial griddles & flat top grills usage in 2023
By distribution channel, specialty stores account for over 1/5^th of all commercial griddles & flat top grills sales
North America is expected to be a significant growth hotspot, with an expected CAGR of 4.8%
Asia-Pacific is expected to hold a credible revenue share in the market, amounting to 35%

Competitive Landscape

With product line expansions, acquisitions, and mergers imminent, several companies are expected to prioritize research and innovation. Key players in Welbilt Inc., The Middleby Corporation., Fujimak Corp., SIMCO Group, The Vollrath Co., Avantco Equipment, AB Electrolux, Standex International Corp., Equipex, Blaze Grills, Americarange, Secura.

In February 2023, Traeger Inc., the leader in wood-pellet grill technology, announced the launch of the new Flatrock Grill, which expands its outdoor cooking experience. Adaptable to any cooking method and a variety of cooking practices, the Flatrock Grill is the newest standard in the expanding griddle cookware category, bringing new flavor possibilities to customers with premium, innovative designs.
An Asian fusion restaurant, Flat Top Grill, will open in December at 2795 Katy Freeway, in Houston’s Lower Heights District. The Lower Heights District (located between Studemont and Sawyer) will be the first location outside the Midwest for Gulf Coast Commercial Group’s brand.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global commercial griddles & flat top grill market, presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of griddle type (single-sided griddle, a built-in unit, part of a range or cooking center, freestanding unit, double-sided griddle), top plate type (flat, ribbed mixed), plate material (chrome steel, aluminum, ceramic glass), by distribution channel (offline stores, hypermarkets/supermarkets, convenience store, specialty store, online retail stores) and by end-user (full-service restaurants, quick service restaurants, food trucks, cafeteria, bars, and clubs) and regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).

Water Treatment Chemical Market to Boom: US$ 38.6 Billion in 2024, Reaching US$ 58 Billion by 2034

According to Future Market Insights, the water treatment chemical market is expected to reach a valuation of US$ 38.6 billion in 2024. The market is projected to reach US$ 58 billion by 2034, registering a CAGR of 4.2%. This represents a significant growth opportunity for the industry, which plays a crucial role in treating and purifying water for industrial and domestic applications.

The demand for clean water and increasing awareness of water pollution drive market growth. Industrialization, technological advancements, and strict environmental laws in emerging nations also drive the development of the water treatment chemical market.

Population growth and industrial water demand drive the global market for water treatment chemicals. As water reuse and recycling become more important, industries recognize the importance of water. The rise in awareness of the negative effects of water pollution has increased the demand for water treatment chemicals. This demand for innovative solutions to protect water purity and ecosystems drives significant global market growth.

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Advancements in water treatment techniques are driving the global expansion of the water treatment chemicals market, addressing pollution and water scarcity concerns. Industrialization also contributes to the demand for efficient water purification and treatment solutions, as water is crucial for various industrial processes. The need for effective solutions further underscores the importance of the industry.

The water treatment chemical industry is experiencing a surge in demand, especially in emerging economies, due to increasing awareness of waterborne diseases and the need for improved water quality. The industry has evolved to meet these demands, driven by population growth, industrialization, pollution awareness, and technological progress, shaping the future trajectory of the water treatment chemical market.

“The water treatment chemical industry is anticipated to undergo changes in the forthcoming decade to fulfill the growing global need for safe and clean water. Innovation in water treatment techniques is likely to be fueled by technological breakthroughs, creating more effective and long-lasting solutions. Furthermore, industry participants are expected to be compelled to embrace greener practices due to regulatory pressures and rising environmental concerns, encouraging a shift towards eco-friendly water treatment chemicals and procedures.” says an Analyst at Future Market Insights (FMI).

Key Takeaways from the Water Treatment Chemical Market

The United States water treatment chemical industry is projected to experience a CAGR of 4.5% through 2034.
Japan’s water treatment chemical industry is expected to demonstrate a moderate CAGR of 5.6% through 2034.
The United Kingdom’s water treatment chemical market is anticipated to see a CAGR of 5.2% through 2034.
The South Korea water treatment chemical industry showcases a significant CAGR of 6.1% through 2034.
The China water treatment chemical industry is expected to display a favorable CAGR of 4.9% through 2034.

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Competitive Landscape of the Water Treatment Chemical Market

Innovations and strategic initiatives are transforming the global water treatment chemical sector. Innovations in materials, manufacturing techniques, and water treatment chemistry are pioneered by research and development centers inside water cleansing corporations.

Technological advancements are accelerated by cooperative relationships between government agencies, academic institutions, and industry participants. With their knowledge of large-scale hydro disinfection projects, pH adjusters and stabilizer technology, and water purification technologies, BASF SE, Ecolab Inc., and Solenis LLC are leading the industry. Their combined influence propels water treatment chemical solutions’ innovation, efficiency, and scalability. These qualities are all essential for the sector’s advancement toward broad acceptance and the switch to green hydropower generation.

The demand for water treatment chemicals is increased globally by these producers, promoting innovation, market expansion, and technical developments in the coming decade.

Recent Developments in the Water Treatment Chemical Market

LG Chem Ltd. intends to invest US$ 94.5 million in August 2023 to quadruple its South Korean output capacity for water treatment materials. The company plans to build a desalination plant that processes 1.6 billion tons of water annually.
Siemens Energy acquired water and wastewater treatment technologies, intellectual property, copyrights, trade secrets, and research and development properties from Lummus Technologies in May 2023.

Key Companies in the Water Treatment Chemical Market

BASF SE
Ecolab Inc.
Solenis LLC
Akzo Nobel N.V.
Kemira OYJ
Suez SA
Dow Inc.
Lonza Group AG
Snf Floerger Group
Kurita Water Industries Ltd.
LG Chem Ltd.

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Key Segmentation of the Water Treatment Chemical Market

By Type:

Corrosion inhibitors
Scale inhibitors
Biocides & disinfectants
Coagulants & flocculants
Chelating agents
Anti-foaming agents
pH adjusters and stabilizers
Others

By End-Use Industry:

Residential
Commercial
Industrial

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Hydroponics Market Set to US$ 45,623 Million by 2033, Investors Eyeing Rapid Growth and Sustainable Agriculture Opportunities

The global hydroponics market size is anticipated to grow at a CAGR of 7% over the projected period, according to a Future Market Insights analysis. The hydroponics sector is anticipated to be worth US$ 2.78 billion in 2023. By 2033, FMI anticipated that the hydroponics market could increase to US$ 5.70 billion.

The robust growth in the hydroponics market from 2018 to 2022 is driven by the industry’s ability to address emerging challenges in traditional agriculture. The market’s impressive CAGR of 11.5% signifies a rapid adoption of hydroponic techniques, attracting farmers and investors alike.

The hydroponic vegetable market is witnessing a surge in demand, driven by health-conscious consumers, and is expected to contribute significantly to the overall market growth. This period witnessed heightened awareness among growers regarding resource-efficient farming, with hydroponics providing an effective solution. The market’s expansion from US$ 7,227.3 million to US$ 11,466 million underscores the increasing recognition of hydroponics as a viable and lucrative agricultural method.

The long-term projection of the hydroponics market to reach US$ 45,623 million by 2033 emphasizes the industry’s transformative potential. This substantial growth is underpinned by a paradigm shift in global agriculture, with hydroponics emerging as a cornerstone of future farming.

Factors contributing to this sustained growth include heightened environmental concerns, the need for food security, and advancements in hydroponic technology. As the market evolves, it is poised to play a pivotal role in ensuring efficient and sustainable food production on a global scale.

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The world’s population is growing quickly, raising the need for food by nearly 200,000 people per day. As crops are lost due to insect infestations, natural calamities like droughts and floods, and pest infestations, the amount of arable land is also reducing globally, and production costs are rising. As a result, commercial hydroponics systems are receiving significant financial investment around the globe.

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

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

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

KEY TAKEAWAYS

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

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COMPETITIVE LANDSCAPE

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

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

RECENT DEVELOPMENTS

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

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Hydroponics Market Segmentation

By Product Type:

Aggregate Systems
Liquid Systems

By Equipment:

HVAC
Irrigation Systems
Control Systems
LED grow Lights
Material Handing
Others

By Input:

Nutrients
Rockwool

By Crop Type:

Tomato
Lettuce and Leafy Vegetables
Pepper
Cucumber
Microgreens
Herbs
Fruits
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

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T: +1-845-579-5705
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Lactose-Free Dairy Market Projected to Reach US$ 23,983.50 Million by 2034, Driven by Rising Health Consciousness and Global Lactose Intolerance Trends

The global lactose free dairy products market Report, FMI analysts has assessed that the sales of lactose free dairy products are going to be valued US$ 13,874.30 million in 2024.

Recent purchasing habits of consumers indicate that they are prioritizing their health now more than ever before. Taking the cue, manufacturers are rolling out lactose free dairy products with additional nutritional content. Surging uptake of lactose free dairy products at a 5.6% CAGR, is expected to generate market revenue of US$ 23,983.50 million by 2034.

Key Insights:

Global Impact: Lactose intolerance, a prevalent condition affecting millions, drives consumers to avoid dairy products due to digestion difficulties. With a substantial global market opportunity, lactose-free dairy products cater to the needs of lactose-intolerant individuals.
Regional Dynamics: Common in East Asia, with over 90% of adults affected in some populations, lactose intolerance creates a robust growth platform for lactose-free dairy products worldwide.
Market Growth: Lactose-free dairy products present a growth opportunity, allowing lactose-intolerant consumers to enjoy dairy-based food items in desired quantities.

“Lactose free dairy product faces stiff competition from other plant-based food products, which has slowed down the growth potential of the market,” says Nandini Roy Choudhury, Client Partner at Future Market Insights

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Market Segmentation:

Product Type Dominance: Lactose-free milk emerges as a major market segment, anticipated to hold a significant share over the forecast period.
Regional Thrust: The North American market for lactose-free dairy products is poised for a lucrative growth rate of 5.8% during the forecast period.
Organic Preference: Organic lactose-free dairy products are expected to secure a market share of over 40%, reflecting consumer preferences for organic and health-conscious choices.
Form Factor Impact: Liquid forms of lactose-free dairy products are projected to capture a sizable portion of the market share during the forecast period.

Market Dynamics:

Growing Consumer Base: The market addresses the needs of lactose-intolerant consumers, providing an avenue to incorporate dairy into their diets.
Health-Conscious Choices: With lactose-free organic products gaining prominence, consumers lean towards healthier and sustainable dairy alternatives.
Regional Foothold: North America stands out as a key region, experiencing robust growth in the lactose-free dairy products market

Leading Companies Profiled in Lactose Free Dairy Products Market are:

Green Valley Creamery
McNeil Nutritionals
Valio International
Alpro
Arla Foods Amba
Cabot Creamery Corporation
Saputo Dairy rProducts
The Danone Company
Smith Dairy Products
Hiland Dairy Foods

News Update Regarding Latest Product Launches by Industry Participants

In October 2022, Swees Plant Based Foods Co., which is a Thai-based dairy-free cheese startup, announced that it will be commencing production in the first-ever vegan cheese factory. The company has plans to export its products outside of Thailand.
In December 2023, Life Health Foods (India) Pvt. Ltd. launched So Good oat caramel flavoured beverage in India in the dairy-free and plant-based Segment. The latest brand delivers a versatile and healthy drink, developed domestically from oats. It has a distinct caramel flavor that is happily consumed by kids. It is also a rewarding choice for health-conscious consumers as it is a rich source of calcium.

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Lactose Free Dairy Products Market by Category

By Product Type:

Milk
Condensed Milk
Milk Powder
Yogurt
Ice cream
Cheese
Other Products

By Form:

Liquid
Semi-solid
Powder

By Nature:

Organic
Conventional

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

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

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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.

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Solid Sulphur Market Poised for Strong Growth: Fertilizer Demand and Chemical Industry Boom to Drive US$ 5.4 Billion by 2034

In 2024, the solid sulphur market is anticipated to reach a value of US$ 3.8 billion. Over the following decade, from 2024 to 2034, substantial growth is expected, with a projected CAGR of 3.7%. Comparatively, the CAGR recorded from 2019 to 2023 stood at 5.6%. By 2034, the market is forecasted to surge to a value of US$ 5.4 billion.

The demand for sulphur-based fertilizers is increasing. Sulphur is an essential nutrient for plant growth, and sulphur-based fertilizers are commonly used to improve crop yields. As the global population continues to grow, the demand for food is also increasing, which drives the demand for sulphur-based fertilizers. This trend is expected to persist in the coming years, further propelling the growth of the solid sulphur market.

The growth of the chemical and petrochemical industries is another factor contributing to the demand for sulphur. Sulphur serves as a raw material in the production of a wide range of chemicals, including sulfuric acid, essential for fertilizer production, and other chemicals utilized in construction, automotive, and electronics industries. With the global economy’s expansion, the demand for chemicals and petrochemicals is also projected to rise, further fueling the growth of the solid sulphur market.

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The rising demand for sulphur in animal feed production is also a significant driver for the growth of the solid sulphur market. Sulphur is an essential nutrient for livestock, commonly added to animal feed as a supplement. As the global demand for meat and dairy products continues to increase, the demand for sulphur in animal feed is also expected to rise, contributing further to the growth of the solid sulphur market.

“The market is expected to continue growing in the coming years, driven by a combination of factors. These factors include the increasing demand for sulphur-based fertilizers, the growth of the chemical and petrochemical industries, and the rising demand for sulphur in animal feed production,“ says an analyst at FMI.

Key Takeaways from the Solid Sulphur Market

The solid sulphur market is estimated to register a CAGR of 3.7%, reaching a valuation of US$ 5.4 billion by 2034.
The Frasch manufacturing process is anticipated to dominate the market, registering a 3.5% market CAGR from 2024 to 2034.
With a projected 3.3% CAGR, the fertilizer segment is likely to take the market by storm from 2024 to 2034.

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Competitive Landscape

The solid sulphur industry is a dynamic and ever-changing market, with numerous players ranging from multinational corporations to small businesses. This industry offers a broad spectrum of products, such as countertops, sinks, and wall panels, among others. In addition to the existing players, there are also several new entrants who have entered the market and are striving to establish themselves in this highly competitive industry.

Recent Developments in the Solid Sulphur Market

In 2023, LANXESS, a specialty chemicals firm, effectively expanded its production capacity for environmentally friendly light-color sulphur carriers by several kilotons.
In 2020, to increase its oil production capacity from 3 to 4 million barrels per day, ADNOC (Abu Dhabi) has made significant investments. This expansion will also result in an increase in sulphur production from oil refineries.

Key Market Players

The Saudi Arabian Oil Company (Saudi Aramco)
Abu Dhabi National Oil Company (ADNOC)
Gazprom
Chemtrade
Oxbow Corporation
Valero Energy Corporation
Exxon Mobil Corporation
Marathon Petroleum Corporation
Tengizchevroil LLP
PVS Chemicals, Inc.

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Key Market Segmentation

By Manufacturing Process:

Frasch Process
Claus Process

By Application:

Fertilizer
Chemical processing
Metal processing
Rubber Processing
Others

By Region:

North America
Latin America
East Asia
South Asia
Europe
Oceania
MEA

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Fish Meal Market Set to Reach US$ 8,698.72 Million by 2034 with 4.4% CAGR Amid Booming Aquaculture Industry

The global fish meal market is estimated to be valued at US$ 5,633.51 million in 2024. It will likely exhibit a CAGR of 4.4% during the forecast period, totaling US$ 8,698.72 million by the end of 2034.

Demand is anticipated to remain high for powdered fish meal during the assessment period, owing to its benefits like better convenience and versatility.

Multiple factors are expected to drive the growth of the Fish Meal market during the next ten years. These include:

Rapid population growth, along with rising demand for protein-rich diets
Booming aquaculture industry
Rising demand for high-quality, nutritious animal feeds and aquafeeds
Expanding usage of Fish Meal in fertilizers
Increasing demand for premium aquaculture products like salmon and shrimp

Fish meat has become an ideal source of protein and nutrients in aquaculture, poultry, and livestock diets. It is widely used in animal feeds due to its high nutritional content, thereby fueling its demand globally.

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The expansion of the aquaculture industry, particularly in Asian nations, is creating significant demand for high-quality protein sources, including Fish Meal in aquafeeds. This will continue to provide the impetus for the growth of the fish meal market.

There is a rising demand for fish and seafood globally amid shifting consumer preferences for healthier food products. This, in turn, is expected to fuel sales of fish meal as it is increasingly used as a primary ingredient in aquafeeds.

Fish meal is also gaining wider popularity in fertilizer production due to the presence of protein and other essential micronutrients. This will further boost the target market during the assessment period.

The escalating focus of farmers to provide high-nutritional feeds to their animals to cope with rising meat and dairy product demand is expected to fuel fish meal sales. Thus, a steady CAGR has been predicted for the target market during the forecast period.

Key Takeaways from the Fish Meal Market Report:

The global fish meal industry is projected to total US$ 8,698.72 million by 2034.
Based on form, the crustaceans constitute the fish meal segment is set to account for a prominent value share of 19.50% in 2024.
Based on application, the Poultry segment is expected to hold a market share of 23.40% in 2024.
The United States market is anticipated to total US$ 2,024.4 million by 2034.
Fish meal demand in Japan is forecast to grow at 6.7% CAGR through 2034.
China is poised to register a CAGR of 5.6% between 2024 and 2034.

“Rising consumption of meat and other animal products is expected to create significant demand for animal feed additives. This, in turn, will likely foster the growth of the fish meal industry during the assessment period,” – – Nandini Roy Choudhury, Client Partner at Future Market Insights

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Leading fish meal manufacturers listed in the report include

Triplenine Group A/S
Pesquera Diamante S.A.
FF Skagen A/S
Biomega AS
Sarma Fish S.A.R.L
Aker BioMarine Antarctic AS
Omega Protein Corporation
Calysta, Inc.
Novus International Inc.
Alpha Atlantique
Oceana Group Limited S.A.
Empresas Copec S.A.
Others

Many of these companies are riding high on the increasing demand for alternative protein categories. These companies are expanding product portfolios and employing strategies like partnerships, advertising, mergers, acquisitions, and agreements to stay ahead of the competition.

Recent Development:

In 2022, FMC and Cargill partnered to create and market fresh aquaculture nutrition products.

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Fish Meal Market Research by Application, Nature, and Other Categories

By Nature:

Organic
Conventional

By Application:

Animal Feed
Aqua Feed
Poultry
Pharmaceuticals
Dietary Supplement
Fertilizers

By Source:

Crustaceans
Crabs
Lobsters
Crayfish
Shrimps
Prawns
Krill
Woodlice
Barnacles
Cyprinids
Tuna
Tilapia
Swordfish
Salmons
Milkfish
Catfish
Trout
Marine Fish
Eels
Molluscs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

About Future Market Insights (FMI)

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

Contact FMI:

Nandini Singh Sawlani
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube