Pre-mixed/RTD Alcoholic Drink Market Set to Reach US$ 56.6 Billion by 2034, Fueled by Convenience and Innovative Flavors

Pre-mixed/RTD Alcoholic Drink Market
Pre-mixed/RTD Alcoholic Drink Market

The pre-mixed/RTD alcohol drink market is expected to be valued at US$ 35,321.40 million in 2024. The market is expected to progress at a moderate rate over the forecast period, with a CAGR of 4.8%. By 2034, the value of the market is forecast to be worth US$ 56,652.70 million.

A significant shift in consumer lifestyle and growing demand for beverage options are moving manufacturers toward an innovative approach. In addition to the taste, the effort required to mix and make traditional drinks to one’s liking is also influencing the consumers’ decision. In steps, pre-mixed/RTD alcoholic drinks reduce the burden of making drinks on the part of consumers and afford a more convenient drinking experience.

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Ready-to-drink alcoholic beverages make available to consumers a bevy of options. Variants like low-calorie and low-alcohol concentration drinks make sure the market’s consumer base is wide. Experimentation with varied flavors and textures is also helping premixed alcoholic drinks expand their consumer base. However, a rigid bias for traditional drinks among consumers is likely to hinder market growth.

The rise in socializing and weekend drinking culture, cocktail culture has also emerged as people are looking to mix it up when it comes to their alcohol intake. Pre-mixed cocktails provide a readymade solution to consumers, not having to head out to bars or make the cocktail at home. Thus, pre-mixed popular cocktails like margaritas represent a significant opportunity for the market,”– Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Pre-mixed/RTD Alcohol Drink Market

  • The pre-mixed/RTD alcohol drink market is anticipated to be US$ 35,321.40 million in value in 2024.
  • Spirit-based beverages are the popular form of pre-mixed alcoholic drinks. For 2024, spirit-based premixed drinks are expected to contribute to 42.0% of the market share.
  • Pre-mixed/RTD alcohol drinks are predominantly sold through stores. Store-based selling is expected to account for a 67.8% share of the market in 2024.
  • Germany is one of the promising countries in the market. The CAGR for Germany over the forecast period is anticipated to be 11.8%.
  • India is poised to be a lucrative Asian country for the pre-mixed drinks market. For the 2024 to 2034 period, the CAGR for India is pegged at 9.8%.
  • The market is expected to register a CAGR of 8.3% in the United States over the forecast period.

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Competition Analysis of the Pre-mixed/RTD Alcohol Drink Market

Players in the non-alcoholic ready-to-drink beverages sector are vying for market share, often through partnering with reputable alcohol brands. Extensive testing and research are being conducted to develop innovative products that ensure the market players stay caught up in the dynamic industry landscape. Some of the prominent companies in the market include Diageo plc., Asahi Breweries, Ltd., Suntory Holdings Limited, and Halewood International Limited.

Recent Developments in the Pre-mixed/RTD Alcohol Drink Market

  • In December 2023, Coca-Cola made its entry into the Indian pre-mixed/RTD alcoholic drinks market with the launch of Lemon-Dou.
  • In October 2023, Diageo added the Ketel One vodka espresso martini, the Ketel One vodka cosmopolitan, and the Tanqueray gin negroni to its range of premixed cocktails.

Key Companies in the Pre-mixed/RTD Alcoholic Drink Market

  • Diageo plc.
  • Asahi Breweries, Ltd.
  • Suntory Holdings Limited
  • Halewood International Limited
  • The Brown-Forman Corporation
  • Bacardi Limited
  • Mike’s Hard Lemonade Co.
  • Pernod Ricard SA.
  • Anheuser-Busch InBev SA/NV

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Key Segmentations For Pre-mixed/RTD Alcoholic Drink Market:

By Product Type:

  • High Strength Premix
  • Malt Based
  • Spirit Based
  • Wine Based
  • Hard seltzer
  • Other Alcoholic RTDs

By Distribution Channel:

  • Store Based
  • Mass Merchandisers
  • Online Retail
  • Bars, Pubs, and Clubs
  • Fine Dining Restaurants
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and 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
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Exploring the Growth Trajectory of the Snow Boots Market, Projected to Secure a Steady CAGR of 3.1% by 2033

Snow Boots Market
Snow Boots Market

The snow boots market is expected to be worth around US$ 1.8 billion in 2023 and is anticipated to grow to US$ 2.4 billion by 2033. Over the forecast period, the market is set to achieve a compound annual growth rate (CAGR) of 3.1%.

Factors Influencing the Market Growth:

  • Climate Change Impact: The rising demand for snow boots in regions experiencing increased snowfall due to climate changes is a significant driver propelling market growth.
  • Waterproof Features: Increasing consumer awareness about the importance of waterproof snow boots is creating new market opportunities as buyers prioritize protection from moisture and snow.
  • Enhanced Quality: Manufacturers are enhancing the quality of snow boots to enable users to navigate snowy terrain with ease and safety, further driving market expansion.
  • Stylish Designs: The introduction of stylish and visually appealing fur snow boots by manufacturers is attracting consumers and creating avenues for market growth by catering to fashion-conscious buyers.
  • Technological Advancements: The integration of advanced automation technology in the footwear industry is increasing the production capacity of snow boots, leading to significant revenue growth in the market.

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The key players are increasing sales volume through distribution channels, including online retailers, multi-brand stores, specialty stores and supermarkets. Moreover, the growing disposable income, latest trends, new product launches and changing lifestyles are advancing the market size. The popularity of outdoor activities such as ice skating, trekking and others bolsters market opportunities.

How Does the United States lead the Global Market?

The United States is leading the global market size by registering a CAGR of 2.7%, capturing a valuation of US$ 486.3 million through 2033. The increasing consumer awareness to protect their feet from travelling in snowy areas is fueling the market growth. The growing popularity of waterproof snow boots and the production of standardized leather snow boots are the factors increasing the market share further.

Key Takeaways:

  • The snow boots market is expected to have a valuation of US$ 2.4 billion by 2033.
  • With a CAGR of 3.1%, the global market is increasing during the forecast period
  • The market in the United States is anticipated to expand at a CAGR of 2.7% through 2033
  • With a CAGR of 2.6%, the United Kingdom snow boots market significantly uplifts during the forecast period.
  • Japan market is expected to secure a CAGR of 4.2% over the forecast period.
  • China market is capturing a CAGR of 3.7% by 2033.

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Who is winning?

The number of present vendors in the global market consolidates the market. These vendors focus on consumers’ requirements and launch new innovative products that satisfy their needs. The key players adopt advanced machine technology to increase production and maximize profits. The prominent players boost the market through marketing methodologies, including mergers, partnerships, collaborations, acquisitions and product launches.

 Key Players Operating in the Market are:

  • Adidas AG
  • Asics Corporation
  • Bata Limited
  • Columbia Sportswear Company
  • Crocs, Inc.
  • DC Shoe Company
  • Deckers Outdoor Corporation
  • Deichmann SE
  • Honeywell International Inc.
  • Jack Wolfskin GmbH & Co
  • Kamik Company
  • Michael Kors Holdings Ltd.
  • New Balance Athletics, Inc.
  • Nike, Inc.
  • Polartec, LLC
  • Puma SE
  • Skechers U.S.A., Inc.
  • The Aldo Group, Inc.
  • VF Corporation
  • Wolverine World Wide, Inc.
  • Baffin
  • Santana Canada
  • Hackberry Inc.
  • The Timberla Company
  • W-D Apparel Company, LLC.
  • Others

Recent Developments in the Global Snow Boots Market:

In March 2020, Tata International Ltd announced its clothing and footwear sales fell by 67.4%, equipped with stores and shops.

In 2021, the luxury brand Canada Goose announced the expansion of its portfolio by launching its new winter boots. The company enhance its business through customer base products through several marketing strategies.

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Snow Boots Market by Category

By Product Type:

  • Outdoor Snow Boot
  • Sports Snow Boot

By Demographic:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Sport Stores
  • Specialty Stores
  • Multi-brand Stores
  • Independent Small Retailers
  • Online Retailers
  • Other Sales Channels

By Region:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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
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Vegan Collagen Market Set to Surge to US$ 357.7 Million by 2034, Fueled by Growing Demand for Ethical and Sustainable Beauty & Health Products

Vegan Collagen Market
Vegan Collagen Market

According to Future Market Insights (FMI) analysis, the Global Vegan Collagen Market is expected to reach US$ 150.1 million in 2024. The market is projected to expand at a CAGR of 9.1%, reaching US$ 357.7 million by 2034.

A primary driver of the vegan collagen market is the growing inclination of consumers toward functional and naturally produced components. Vegan collagen is becoming increasingly popular as people seek ethical and ecological options. This is especially applicable in the health and cosmetic market.

The development of several forms of vegan collagen, including plant-based collagen peptides and fermentation techniques, has further propelled the market’s expansion. Multiple industries are incorporating vegan collagen into their products and services to gain traction.

Vegan collagen products are becoming popular as consumers seek plant-based collagen substitutes rather than animal collagen. The market also benefits from the increased awareness and adoption of vegan & cruelty-free lifestyles.

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Applications of vegan collagen have grown over time in several industries, including food, pharmaceuticals, nutraceuticals, cosmetics, personal care, and more. In the food sector, it is used in functional food and dietary supplements to enhance the body’s nutritional deficiency and skin health.

With the increasing demand for vegan collagen in cosmetic goods, the cosmetic market makes a substantial contribution to the market’s growth. The market provides a range of product types to meet the needs of different industries and consumers, such as liquid solutions, serums, gummies, capsules, and powders. The market offers growth opportunities for international expansion in unexplored markets and the development of innovative plant-based collagen sources.

Key Takeaways from the Report-

  • The global vegan collagen market is expected to reach a valuation of US$ 357.7 million by 2034.
  • The market is expected to surge at a CAGR of 9.1% over the forecast period.
  • The powder form is estimated to hold a market share of 75.4% in 2024.
  • Germany is estimated to have a value CAGR of 10.2% during the forecast period.
  • Japan is projected to surge at a CAGR of 7.5% through 2034.

“The global vegan collagen market is driven by increasing consumer preference for functional and naturally sourced ingredients in cosmetic & health supplement products. Developing several forms of vegan collagen and growing awareness & adoption of vegan and cruelty-free lifestyles are set to further fuel the market.” – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

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Competitive Landscape: Leading Players and Recent Developments in Vegan Collagen Market

Following are the leading players operating in the market. Companies are improving the quality of their products and access to wider market by pursuing acquisitions and mergers. This is because pooling resources, experience, and clientele can open doors to fresh talent, manufacturing sites, distribution channels, and technology.

  • Revive Collagen
  • Golde
  • Pai Skincare
  • Unived
  • SMPNutra
  • Olena Health
  • OZiva
  • SENIORITY.IN
  • Rejuvenated
  • Raw Beauty Lab
  • NUTRICORE BIOSCIENCES PVT. LTD
  • HealthKart
  • Your Super
  • PlantFusion
  • Nutricore Biosciences Private Limited
  • Other Players

Launching new products can assist market players in staying competitive and accommodating the changing demands of their customer base. This allows leading companies to increase their market share while attracting new customers and retaining their existing base.

For instance, 

  • In 2022, Revive Collagen launched the world’s first clinically proven liquid vegan collagen supplement, which is claimed to mimic human type 1 collagen.
  • In 2023, Geltor introduced NuColl™, a new vegan alternative to animal-derived collagen for global hair care applications designed to improve hair smoothness, frizz, and volume control.

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Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.

The study provides compelling insights into based vegan collagen market segment based on source (fruits, vegetables, algae and others), form (powder and liquid), application (nutraceuticals, pharmaceuticals, food industry and cosmetics), and region

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
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A2 Ice Cream Market Projected to Reach US$ 360 Million by 2034, Fueled by Growing Demand for Digestive Health-Conscious

A2 Ice Cream Market
A2 Ice Cream Market

Future Market Insights (FMI) thorough analysis of the global market for A2 ice cream shows that it is set to reach a valuation of US$ 180.0 million in 2024. The market is projected to expand at a CAGR of 7.2%, attaining a valuation of US$ 360.0 million by 2034.

Demand for A2 Ice Cream Market

Factors, including rising demand for healthier ice cream, are set to influence the A2 ice cream market. As more individuals become conscious of lactose intolerance, a common condition where they have difficulty digesting lactose, they seek alternatives. Consequently, A2 ice cream is considered a suitable option for individuals with lactose intolerance, thereby driving demand.

Consumers are seeking unique and indulgent flavor experiences, and A2 ice cream manufacturers are responding by offering a wide range of innovative flavors and combinations. This includes exotic fruit flavors, gourmet ingredients, and collaborations with renowned chefs & brands.

Advancements in distribution and delivery play a vital role in shaping the A2 ice cream market, with online ordering and delivery services becoming integral. Consumers can now access a variety of A2 ice cream products more conveniently. Sustainability is another key focus as companies strive to adopt eco-friendly packaging solutions to reduce their environmental impact.

The A2 ice cream market is expected to rise through the forecast period due to increasing consumer demand for healthier and easier-to-digest dairy alternatives. The market is further driven by factors such as rising health consciousness, growing lactose intolerance, and product advancements in the industry.

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“The market is growing as a result of increasing consumer demand for organic goods and rising awareness of animal welfare. The dairy market’s continuous research & development efforts are expected to propel the A2 ice cream market’s growth trajectory and present profitable prospects for industry participants in the forecast period,” says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.)

Key Takeaways from the Report

  • The global A2 ice cream market is expected to reach a valuation of US$ 360.0 million in 2034.
  • The global market is projected to surge at a CAGR of 7.2% over the forecast period.
  • The United States is projected to attain a market valuation of US$ 138.6 million by 2034.
  • The chocolate flavor segment is estimated to hold a market share of 38.0% in 2024.
  • Japan is estimated to rise at a CAGR of 7.0% during the forecast period.

Competitive Landscape

The a2 Milk Company, Braum’s Inc., Alec’s Ice Cream, GoDesi Milk, Re: THINK, and Miller’s Bio Farm are the leading players operating in the market. Companies are improving the quality of their products to access a wider market by pursuing acquisitions and mergers. This is because pooling resources, experience, and clientele can open doors to fresh talent, manufacturing sites, distribution channels, and technology. Key players are introducing new products in the market to remain competitive and adapt to the shifting needs of their clientele.

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Leading Manufacturer of A2 Ice Cream:

  • The a2 Milk Company
  • Braum’s Inc.
  • Alec’s Ice Cream
  • GoDesi Milk
  • Re:THINK
  • Miller’s Bio Farm
  • UNITED FARMERS CREAMERY
  • APPLEBY FARMS ICE CREAM
  • MOO-ville Creamery
  • THAYUMANAVAR A2 DAIRY FARMS PVT LTD
  • Amos Miller Organic Farm
  • Highland Farms
  • PEI ORGANIC FOODS LLP

For instance, 

  • In 2023, Alec’s Ice Cream extended its distribution reach to more retailers, including Sprouts Farmers Markets and Natural Grocers, giving the company a place in the freezer aisle at more than 1,000 retailers.
  • In 2020, Re: THINK Ice Cream launched lactose-free ice cream with A2 dairy and collagen, catering to consumers who are averse to dairy but still want the traditional dairy ice cream experience.

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Get More Valuable Insights

Future Market Insights (FMI) brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. The global A2 ice cream market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights into the A2 ice cream market segment based on flavor (vanilla, fruit flavor [strawberry, mango, orange], chocolate, maple, latte), packaging (cups, cones, tubs, and others), distribution channel (hypermarket/supermarket, convenience stores, departmental stores, wholesale stores, specialty health and wellness stores, independent retailers, specialty stores, pharmacies and drugstores and online retailers), and region

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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Crab Meat Market Set to Reach US$ 1.5 Billion by 2033, Driven by Increasing Seafood Consumption and Growing Awareness of Nutritional Benefits

Crab Meat Market
Crab Meat Market

The global crab meat market is worth US$ 879.2 as of now and expected to reach US$ 1.52 Billion by 2033 at a CAGR of 4.7% between 2023 and 2033.

Versatility in culinary applications is one of the major factors driving crab meat market. Plus, intake of crab meat assures that intake of fats is lower as compared to its counterparts. Specialty and premium crab meat varieties are keeping the cash registers ringing for crab meat market and the scenario is expected to remain unchanged even in the forecast period.

The ready-to-use crab meat products are adding more value to crab meat market as they save on downtime. It has been observed that value-added products do have longer shelf lives; thereby doling out abysmal wastage and bolstering health benefits.

The trending global dishes are also incorporating crab meat to drive more customers. Lump crab meat is witnessing a higher demand as its succulent, white pieces render its desirable for home cooks as well as professionals.

Frozen crab meat is creating ripples as it could be stored for long; that too, while maintaining the freshness. Frozen crab meat could reach even the areas where fresh crabs are unavailable. Quick-freezing methods do aid in preservation of natural flavors, nutrients, and textures of crabs while keeping cells almost intact through formation of ice crystals.

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Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Crab Meat market’. It has its team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“Growing awareness about the fact that crab meat is a rich source of protein apart from being a low-fat source, the global crab meat market is likely to grow irresistibly in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Crab Meat Market

  • North America holds the largest market share with the US witnessing a growing focus on diet being health-conscious. It is also leading in growing interest in crab meat (a lean protein option) owing to nutritional benefits like low-fat content. It has been reported that crab meat has a discrete, sweet flavor; thereby rendering it a broadly desired ingredient in diverse cuisines. The dishes including crab meat are Maryland-style crab cakes, regional specialties like Louisiana-style combo. It’s a known fact that American cuisine is ethnic. Addition of crab meat is, indeed, a cherry to the icing.
  • Europe holds the second-largest market share with the UK leading from the front. This could be credited to an ever-increasing demand for crab meat all across the region. Also, coastal regions like Norway, Sweden, Denmark, and likewise are known for incorporation of fresh crabs into local cuisine. Eurogroup for Animals states that consumption of fish and seafood is ~24.35 Kg. Besides, tourists do prefer coastal destinations all across Southern Europe when it’s summer herein.

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Competitive Crab Meat

  • Handy Seafood, in May 2023, did announce the year’s local soft crab campaign at Crisfield (Maryland).
  • Shiok Meats, in September 2021, made an entry into the very first lab-grown crab flesh at Kebaya during tasting session.
  • The other players in crab meat market include Philips Foods Inc., Blue Star Foods Corp., Handy International Inc., Red Chamber Co., Ltd., Trans-Ocean Products Inc., Crown Prince, Inc., Chicken of the Sea International, East Coast Seafood Group, Thai Union Group PCL, Nissui Group, and likewise. They are engaged in various modes of expansion like mergers, acquisitions, new product launch, partnerships, joint ventures, and likewise to strengthen their foothold in crab meat market.

What does the Report say?

  • The research study is based on product type (lump crab meat, claw crab meat, and backfin crab meat), form (fresh crab meat, pasteurized/canned crab meat, and frozen crab meat), and sales channel (foodservice (HoReCa), and retail (supermarkets, hypermarkets, convenience stores, specialty seafood stores, and online retailers)).
  • With consumption of seafood on the rise, the global crab meat market is bound to grow irrevocably in the forecast period.

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Crab Meat Market Outlook by Category

By Product Type:

  • Lump Crab Meat
  • Claw Crab Meat
  • Backfin Crab Meat

By Form:

  • Fresh Crab Meat
  • Pasteurized/Canned Crab Meat
  • Frozen Crab Meat

By Sales Channel:

  • Foodservice (HoReCa)
  • Retail
    • Supermarkets
    • Hypermarkets
    • Convenience Stores
    • Specialty Seafood Stores
    • Online Retailers

By Region:

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

Explore FMI’s Extensive Coverage in the Food and Beverages Domain:

Canned Meat Market Outlook: The overall demand for canned meat is slated to grow at a robust CAGR of 6.8% between 2023 and 2033, totaling a valuation of around US$ 25,405.5 million by 2033.

Electric Meat Saw Market Size: The market value is projected to increase from US$ 2,194.9 Mn in 2022 to US$ 3,784.9 Mn by 2032.

Processed Meat Market Share: The global processed meat market is expected to be valued at US$ 349.5 billion in 2023.

Meat Substitutes Market Analysis: Global demand for meat substitutes is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 67.9 billion in 2033.

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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Rosmarinic Acid Market Poised to Reach US$ 309.56 Million by 2033, Driven by Increasing Demand in Food, Beverage, and Pharmaceutical Sectors

Rosmarinic Acid Market
Rosmarinic Acid Market

According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at US$ 130.0 million in 2023. It is further poised to thrive at a CAGR of 9.1% during the forecast period 2023 to 2033. By 2033, total market size is projected to reach US$ 309.56 million.

The rosmarinic acid market is experiencing lucrative growth globally. This is due to rising applications across diverse sectors.

Rosmarinic acid is a natural polyphenolic compound, found in herbs such as rosemary, basil, and sage. It offers antioxidant properties and several potential health benefits.

The demand for rosmarinic acid in the food & beverages sector is growing rapidly due to its application in food as a natural additive for preservation and flavor enhancement. Similarly,  in the pharmaceutical sector, rosmarinic acid is used for treating inflammatory conditions such as arthritis, eczema, psoriasis, gastritis, and colitis.

With increasing consumer interest in natural ingredients with potential health benefits, the rosmarinic acid industry is expected to witness sustained growth across multiple sectors including food, healthcare, and personal care.

Rosmarinic acid’s antioxidant properties make it a choice for skincare formulations. It can help combat oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin also due to its antioxidant and anti-inflammatory properties.

Rosmarinic acid has beneficial effects on conditions such as allergies, inflammation-related diseases, and skin disorders. As a result, it is being widely used in dietary supplements or incorporated into pharmaceutical formulations.

Rosmarinic acid has also shown promising outcomes as a feed additive in promoting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in livestock. Hence, it is being increasingly used in animal feed applications which in turn is set to boost the market.

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Key Takeaways from the Rosmarinic Acid Market Report:

  • The global rosmarinic acid market is expected to reach a market valuation of US$ 129.2 million by the end of 2033.
  • By application, food & beverages segment is predicted to reach a valuation of US$ 22.6 million in 2023.
  • The United States rosmarinic acid industry is projected to attain a valuation of US$ 102.4 million by 2033.
  • China market is anticipated to reach a valuation of US$ 17.2 million by 2033.
  • Rosmarinic acid demand in India is estimated to rise at a CAGR of 10.4% during the prediction period.

“The rosmarinic acid industry is witnessing lucrative growth, driven by its versatile applications in food, pharmaceuticals, cosmetics, and agriculture. Increasing consumer demand for natural ingredients and their potential health benefits further contributes to the market’s expansion.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Naturex (part of Givaudan), Kalsec Inc., Nutra Green Biotechnology Co., Ltd., Layn Natural Ingredients Corp., Hunan E.K Herb Co., Ltd, Monteloeder, Kingherbs Limited, Hunan Nutramax Inc., Changsha Vigorous-Tech Co., Ltd., Shaanxi Yi An Biological Technology Co., Ltd, Blue California, and others are the few leading players operating in the market.

Investments in research & development, acquisitions, and mergers are beneficial strategies for companies in terms of improving their product quality and expanding their market reach. This is because combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.

Similarly, launching new products can help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their market share. For instance,

  • In 2020, Blue California and biotech developer Conagen commercialized Rosavel®, a next-generation natural preservation solution with 98% high-purity rosmarinic acid.

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Get More Valuable Insights

FMI has released an objective assessment of the global rosmarinic acid industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

Rosmarinic Acid Market by Category

By Product Type:

  • >96% Purity
  • <=97% Purity

By Form:

  • Powder
  • Liquid

By Application:

  • Food and Beverage
  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics & Personal Care
  • Animal Feed

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Fish Waste Management Market to Reach US$ 7.2 Million by 2033, Driven by Increasing Demand for Sustainable Practices

Fish Waste Management Market
Fish Waste Management Market

FMI’s analysis reveals that the global fish waste management market is currently valued at US$ 5,412.0 million in 2023 and is expected to grow significantly, reaching a market valuation of US$ 7,234.0 million by 2033, exhibiting a CAGR of 2.9% during the forecast period. The industry for fish waste management will increase as a result of growing awareness of environmental sustainability, the need to utilize waste resources, and the increasing demand for alternative products and processes in various industries. During the forecast period, demand for fish waste management will also be driven by efficient waste management and circular economy practices

The market is anticipated to grow over the next ten years because of creative promotional strategies used by major fish waste processors while utilization of fish by-products in eco-friendly ways.

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Fish waste processors are using advanced technologies to convert fish waste into renewable energy sources such as biogas and biofuels.

Processors are finding ways to convert waste into valuable products such as oils, collagen, and fishmeal to be used in various industries.

Efficient fish waste management reduces the risk of ecological disruption by preventing waste accumulation in aquatic ecosystems. Treating fish waste correctly helps to safeguard marine and freshwater ecosystems, preserving biodiversity and maintaining the delicate aquatic habitat balance.

Processors of fish waste are partnering with other industries and organizations to improve waste management practices. This involves waste collection contracts with aquaculture farms, collaboration with research institutes to create innovative technology, and involvement with government authorities to ensure waste management regulations are followed.

Key Takeaways from the Fish waste management Report:

  • The global fish waste management market is anticipated to be worth US$7,234.0 million by 2033.
  • Global demand for fish waste management is likely to soar at 2.9% CAGR over the forecast period.
  • Based on the source, the fish segment is anticipated to reach a valuation of US$ 2488.5 million by 2033.
  • Based on the end-use industry, the fertilizers segment is anticipated to reach a valuation of US$ 1924.2 million by 2033.
  • The United States fish waste management market is projected to reach a valuation of US$ 1794.03 million by 2033.
  • During the forecast period, it is expected that the German market will grow in value at a CAGR of 7.2%.

“The fish waste management industry is concentrated on the effective utilization and ethical disposal of fish waste produced by the fishing and processing sectors. It includes multiple strategies that promote sustainability, resource efficiency, and environmental protection, such as recycling, repurposing, and processing fish waste into useful products” – says a lead analyst at Future Market Insights (FMI)

Who is Winning?

Scanbio, SAMPI, Biomax Technologies Pvt. Ltd, Sorbwater, Blue Ocean Technology, Scottish Sea Farms, Vinh Hoan Corporation, Nam Viet, Vietnam Food, and Sancho Pancho are key fish waste management manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

  • In 2022, Vietnamese pangasius producer Sao Mai Group successfully processed fish fat into high-value products like cooking oil, margarine, and, shortening.
  • Biomax Technologies Pte Ltd has developed Biomax Rapid Thermophilic Digestion Technology, a process of converting organic waste from fish farms and fish processing plants into fertilizer in 24 hours.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global fish waste management market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the fish waste management market based on source (fish surimi, meat surimi), and end use (food industry, pharmaceutical industry, animal Feed, pet food, food service, retail) across various regions.

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Fish waste management Market by Category

By Source:

  • Fish
  • Shrimp
  • Squid

By End-Use Industry:

  • Fish Meal and Fish Oil Industry
  • Animal Feed
  • Pet Food
  • Organic fertilizers
  • Energy Generation
  • Cosmetics
  • Pharmaceuticals

By Region:

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

About Future Market Insights (FMI)

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

 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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Global Oral Solid Dosage Formulation Industry Poised to Boom at 6.4% CAGR, Reaching US$ 1.0 Billion by 2032

Oral Solid Dosage Formulation Industry
Oral Solid Dosage Formulation Industry

The global oral solid dosage pharmaceutical formulation industry is on track for a stellar performance, with a projected Compound Annual Growth Rate (CAGR) of 6.4% from 2022 to 2032. This translates to a market value reaching a staggering US$ 1.0 billion by 2032, compared to an estimated US$ 555.3 million in 2022.

This significant growth trajectory underscores the increasing importance of oral solid dosage formulations within the pharmaceutical industry. A recent industry survey further emphasizes this point, revealing that the tablets market sector, a key player in the oral solid dosage segment, held a dominant market share exceeding 53.1% in 2021.

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Additionally, findings from a Future Market Insights analysis indicated that oral solid dosage pharmaceutical formulations accounted for 1.4% of the US$ 40.0 billion global pharmaceutical drug delivery market in 2021. The analysis projects an 8.1% increase in sales of solid dosage pharmaceutical formulations between 2012 and 2021, indicating a strong growth trend. The increasing use of these formulations and better patient compliance are responsible for this growth.

The increasing popularity of oral solid doses can be attributed to their emerging role as a cornerstone in the treatment of numerous chronic conditions. Their significant sales have been driven by their affordability and convenient availability in hospital and retail pharmacies around the world

Key Takeaways Of Global Oral Solid Dosage Formulation Industry:

  • Since several research institutions and organizations are engaged in the drug discovery process, there is a massive amount of oral solid drugs in the process of approval with improved efficacy. Once these products are approved, the manufacturers are expected to be benefitted from generating profitable sales. Therefore, a positive impact due to the surging number of drug pipelines can be witnessed in the oral solid dosage pharmaceutical formulation market during the forecast period.
  • There is an overall surge witnessed in the demand for oral solid dosage drugs and vaccines for the treatment of various diseases and infections has also increased worldwide. Hence, prominent players in the market are working on developing drug manufacturing capacities of their own in low and medium-economy regions to capitalize on low production costs and availability of cost-effective raw materials.
  • Various firms practice the primary process of oral solid dosage pharmaceutical formulation. This is because the solid form of the drug is known to be the easiest and simplest way of administering a drug in order to have just the appropriate dose for various acute and chronic infections.
  • Such dosage forms offer advantages including chemical durability, stable transport, and safe packaging with low production costs. On the basis of region, Asia Pacific is expected to dominate the growth in the oral solid dosage pharmaceutical formulation market.
  • Tablets and capsules are utilized in pharmaceuticals to efficiently treat several disease conditions. In comparison to other pharmacological forms, these are cost-efficient and easy to manufacture. They offer several advantages such as easy transport and packaging and superior chemical and physical stability. Dominant market players are partnering with small and medium-sized manufacturers to produce low-cost and top-notch generic drugs maintained at a low cost of production in developing nations.

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Competitive Landscape:

In the oral solid dosage pharmaceutical formulation market, dominant market players are adopting strategies such as mergers & acquisitions, and advanced product launches by gaining approvals. They are also collaborating with hospital and retail pharmacies to gain a competitive edge in the market.

Key Companies are AstraZeneca Plc., Bristol-Myers Squibb Company, Eli Lilly and Company, Gilead Sciences, Merck & Co. Inc, Novartis AG, Pfizer Inc., AbbVie Inc., Boehringer Ingelheim GmbH, F. Hoffman-La-Roche Ltd., Johnson & Johnson, Biogen Inc., Bayer AG, Teva Pharmaceuticals, Amgen Inc., Takeda Pharmaceutical Company Ltd., Otsuka Pharmaceutical Co., Ltd., Shire Plc., Celgene Corporation, Astellas Pharma Inc.

More Insights into the Oral Solid Dosage Pharmaceutical Formulation Market:

The U.S. is expected to dominate the North American oral solid dosage pharmaceutical formulation market by accounting for a total market share of about 93.6% in 2021. Demand in the market is anticipated to grow due to the rising number of oral solid drug approvals in the country.

China is the second largest market in the East Asian region, as it accounted for around 51.4% of the total oral solid dosage pharmaceutical formulation market in 2021. Due to efficient drug production, key companies in China are offering medicines at cost-effective prices.

Germany is yet another market leading the European region as it is expected to grow at a CAGR of 6.7% during the forecast period. The growth of the oral solid dosage pharmaceutical formulation market is rising due to the prevalence of chronic diseases and heart diseases in Germany is aiding the demand for oral solid dosage forms.

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Key Global Oral Solid Dosage Formulation Industry Segments:

By Dosage Form:

  • Tablets
    • Conventional/Immediate Release
    • Modified Release
    • Chewable Tablets
    • Effervescent Tablets
  • Capsules
    • Hard Gelatin Capsules
    • Soft Gelatin Capsules
    • Others
  • Powders & Granules
  • Lozenges & Pastilles
  • Gummies

By Drug Release Mechanism:

  • Immediate Release
  • Delayed Release
  • Controlled Release

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies
  • Hypermarkets/Supermarkets

By Region:

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

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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.

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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Unveiling Potential: Europium Market Surges Towards US$ 385 Million by 2032 with a CAGR 5.5%

The global europium market is anticipated to create an absolute dollar opportunity over the forecast period by registering a robust CAGR of 5.5% throughout the forecast period from 2022 to 2032. The global market was valued at US$ 225 Million by 2022 to surpass a valuation of US$ 385 Million by the end of 2032. Various technical developments in the field of earth metal nanocrystals are predicted to upsurge the global demand for the europium market across the assessment period.

Europium is known as a rare earth metal that oxidizes readily in the presence of air and water. In addition to that, it is generally present in oxide form and comprises various applications in automobiles, catalysts, consumer electronics, flat panel displays, metallurgy, and fluorescent lamps and as a dopant of glass in lasers and optoelectronic devices.

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The rising demand for flat panel displays and LEDs along with swelling civil infrastructure are some of the major growth drivers for the fueling up of the global europium market. In addition to that, the surge in the espousal of europium for newer end-use applications, and developing economies such as China, India, and others are anticipated to create a plethora of growth opportunities for the global europium market.

Key Takeaways

  • Europium nano-crystals are actively being used in LEDs as an effective phosphor that efficiently emits a massive range of the spectrum. Furthermore, the significant shift from traditional lighting to solid-state lighting systems in displays is expected to fuel the market for flat panel displays and LEDs. The surging demand for Europium is anticipated to propel simultaneously throughout the assessment period.
  • Europium non-crystals are actively being utilized throughout the LEDs market as a phosphor that emits a wide range of the spectrum. The shift from traditional lighting to solid-state lighting systems in displays is expected to fuel the market for flat-panel displays and LEDs. Thereby, the demand for Europium is expected to grow simultaneously throughout the forecast period.
  • The rapidly-growing consumer electronics industry across the globe, due to factors such as enhanced internet connectivity, technological advancements, and growing consumer expenditure on premium electronics, is likely to have significant impacts on the overall industry growth.
  • Some of the factors expected to hamper the growth of the global europium market comprise supply issues and lack of refining. Furthermore, alloying and fabricating technologies are also some other restraining factors.
  • Attributing to several factors such as limited supply, lack of refining, alloying, fabricating technologies, and ongoing recession in the rare earth industry, the stock price has been extremely unpredictable. Europium production is principally dependent on the production of other earth elements since they exist along with those metals. This trend has a direct trend on the price of the product.
  • The rapidly growing demand for smartphones, wearables, gears, and smart televisions in developing economies worldwide is likely to propel the consumer electronics industry, which, in turn, is anticipated to benefit the demand for the product over the forecast years.

Competitive Landscape

Some of the key participants present in the global europium market are focusing on research and development to get an edge over the global market.

More Insights into the Europium Market

Growing demand for flat panel displays and LEDs in the Asia Pacific market is expected to drive the market. Asia Pacific region was the largest consumer of europium and its derivative products.

China contributes the highest to the consumption of this metal owing to its increasing population, improved living standards, and disposable income. Growing demand from Japan, Korea, and China for consumer electronics is fueling the market in this region. China is the largest manufacturer of europium and its derivatives.

However, export restrictions and increasing local demand have been causing supply issues. The Asia Pacific is followed by North America owing to demand from LEDs and consumer electronics industries. Decreased exports from China caused the development of new exploration and production sites in this region to fulfill the demand.

Europium is used in manufacturing superconducting materials. With the discovery of high-temperature superconductors (HTS) in the late eighties, the vision of using these materials in effective and advanced technological applications became very prominent in the European region.

Europe was the largest region in the superconductors market in 2020. Owing to the increasing demand for energy in the region, the demand for europium is rising rapidly. Researchers are working incessantly to increase the efficiency and potency of energy appliances like wind turbines, thereby adding more value to the sales revenue of the europium market.

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Key Companies Profiled

  • Avalon Rare Metals Inc.
  • Molycorp
  • Lynas
  • Minmetals Corporation
  • Baotou Steel Rare-Earth
  • Xiamen Tungsten
  • Great Western Minerals Group Ltd.

Key Segments Covered in the Europium Market Research Report

By Application:

  • Permanent Magnets
  • Catalysts
  • Glass Polishing
  • Phosphors
  • Ceramics
  • Metal Alloys
  • Glass Additives
  • Others

By End Use:

  • Consumer Electronics
  • Lighting
  • Semiconductors
  • Automotive
  • Healthcare
  • Nuclear Labs
  • Metallurgy
  • Anti-Counterfeiting
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

About Future Market Insights (FMI)

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

Contact Us:      

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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Wine Cooler Market: Likely to Advance at a CAGR of 6% by 2033 – Exploring Growth Opportunities in the Industry

Wine Cooler Market
Wine Cooler Market

The wine cooler market is projected to achieve a value of US$ 2,790.1 million by 2023, with sales expected to rise to US$ 4,996.6 million by 2033. Over the period from 2023 to 2033, the adoption of wine coolers is anticipated to progress at a Compound Annual Growth Rate (CAGR) of 6%.

  • Wine Collecting as an Investment: The emerging trend of using wine collecting as a form of investment is driving the demand for advanced wine coolers. Enthusiasts seek units that provide optimal storage conditions to protect and enhance the value of their curated collections over time.
  • Integration of Data-Driven Technology: The infusion of data-driven technology into wine coolers is a significant driver of market growth. Smart wine coolers equipped with sensors, real-time monitoring capabilities, and AI algorithms ensure precise temperature and humidity control, thereby preserving the integrity of wines. Additionally, these smart features provide connoisseurs with valuable insights into their collections.
  • Demand for Modern Living Spaces: The growing trend of seamless home entertainment and emphasis on interior aesthetics is fueling the demand for wine coolers that complement contemporary living spaces. Consumers seek sleek and stylish designs that seamlessly integrate into their home decor, enhancing both functionality and aesthetics.

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Key Takeaways of Wine Cooler Market Study

  • Food & beverages industry continues to generate substantial demand for wine coolers, with hospitality closing in.
  • Europe and North America collectively occupy approximately 66% of revenue share.
  • Consumers in developing countries will account for greater consumption of wine coolers through 2029.
  • Eco-friendly products will gain traction through the forecast period owing to increased government incentives and consumer preferences.

Heightened Per Capita Consumption of Wine Sustaining Growth of Wine Cooler Market

Rising per capita consumption of wine amongst millennials is driving the growth of wine cooler market. Burgeoning hospitality industry in developing countries is soaring the demand for wine coolers.

Greater predilection of consumers towards enhanced product visibility and easy maneuverability is a significant growth contributor. Rising inclination towards energy-efficient wine coolers is fuelling the market growth. However, sales of new commercial wine coolers are restricted by demand for pre-used Wine Freeze. Most wine coolers are not equipped with door storage or adjustable shelves thereby limiting its functionality.

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Key Players Are:

  • Allavino Company
  • Climadiff
  • AGA Marvel
  • LG Electronics Inc.
  • General Electric Company
  • Robert Bosch GmbH
  • Siemens AG
  • Viking Range LLC
  • Haier Group Corporation

Innovation and Strategic Collaboration to Remain Pivotal for Industry Leaders

Global wine cooler market is a fragmented landscape. FMI’s comprehensive study on wine cooler market features prominent market players including, but are not limiting to, Robert Bosch GmbH, Siemens AG, Viking Range, LLC, and Haier Group Corporation. Market leaders have escalated R&D activities to launch innovative wine coolers for stronger market foothold.

Wine coolers equipped with features such as multiple temperature zones, touchscreen panels, customized control settings for humidity and temperature have already infiltrated the market. Moreover, leading players continue to opt for strategic collaborations to foster their market presence.

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Wine Cooler Market: Segmentation
The global wine cooler market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Installation

  • Built-in
  • Countertop
  • Freestanding

End-use Industry

  • Commercial
  • Residential

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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
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