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Polyurea Coatings Market Revenue, Opportunity, Forecast and Value Chain 2019 – 2029

Future Market Insights offers vital insights concerning to the global polyurea coatings market, and delivers exclusive information through structured market research. The report titled, ‘Polyurea Coatings Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029’, estimates the market and forecasts the forthcoming market scenario on the basis of type, isocynate type, application, and region. The global polyurea coatings market was valued nearly US$ 600 Mn in terms of value at the end of 2018, and is expected to surpass US$ 1,500 Mn by the end of the forecast period, registering a CAGR of over 9.0%.

The global polyurea coatings market  is segmented on the basis its type into pure polyurea and hybrid polyurea. On the basis of type, the hybrid polyurea segment is a prominent segment in the global polyurea coatings market, as it has a lower price range and also various application areas. However, the pure polyurea coatings segment is projected to witness healthy growth during the forecast period. Rising environmental concerns towards the risks associated with VOC content coatings, and shifting trend towards the adoption of advanced as well as eco-friendly coating technologies to drive the demand for polyurea coatings.

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Rapid Industrial Growth to Propel the Polyurea Coatings Market

Polyurea coatings are primarily used for waterproofing and corrosion-protection purposes. Polyurea coatings are used for the waterproofing of roofs, walls, and floors in the building & construction industry. Polyurea coatings are also used as bridge coatings for corrosion protection as well as waterproofing. Therefore, the growing building and construction industry and increasing infrastructural development, especially in developing nations, are expected to drive the growth of the polyurea coatings market.

Polyurea coatings are used as pipeline coatings, tank coatings, and also for coating machinery & equipment in various industries such as chemicals, oil & gas, mining, water supply & treatment, etc. Hence, rapid industrialization across the globe will positively influence the polyurea coatings market. Increasing environmental awareness pertaining to VOC emissions will act as prime driving factor for the polyurea coatings market. Growing automotive production will elevate the demand for polyurea coatings, as they are used as anti-scratch and anti-corrosive coatings. Growing urban population, rising GDP growth of developing countries, and increased consumer spending are expected to indirectly drive the growth of the polyurea coatings market.

Polyurea coatings cure quickly and are highly reactive. The application of polyurea coatings on wet surfaces may cause poor adhesion on the surface. Thus, the surface requires adequate amount of drying time before the application of a polyurea coating. Moreover, the cost of application of polyurea coatings is much higher, owing to the cost of the spraying equipment. The handling of such equipment requires skilled labourers and technicians. The aforementioned factors might hamper the growth of the polyurea coatings market.

South Asia’s Market for Polyurea Coatings to Witness Lucrative Growth Prospects

From a regional perspective, Europe and North America are prominent markets for polyurea coatings, due to the increasing demand for advanced and eco-friendly coatings because of stringent environmental regulations pertaining to VOC emissions. Increasing government initiatives for the adoption of advanced coating technologies due to rising environmental awareness in regions such as East Asia and South Asia are expected to drive the demand for polyurea coatings in South Asia and East Asia. South Asia is estimated to grow at a CAGR of over 11%.

During the latter half of the forecast period, East Asia is expected to surpass Europe in terms of market value. Also, regions such as Latin America are anticipated to witness substantial growth during the forecast period, due to the growth in building & construction activities and automotive production. Also, the markets in regions such Oceania and the Middle East & Africa are expected to experience healthy growth during the forecast period.

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Polyurea Coatings Market: Competition Landscape

Some of the players stated in the study of the global polyurea coatings market are BASF SE, Huntsman Corporation, Teknos Groups, DowDuPont Inc., Versaflex Incorporated, Sherwin Williams Company, Pidilite Industries Ltd., Covestro AG, PPG Industry Inc., and Rhino Linings Corporation, among others.

Oil and Gas Valves Market Revenue, Opportunity, Forecast and Value Chain 2019 – 2029

Future Market Insights’ (FMI) market study titled, ‘Oil & Gas Valves Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029′, analyses the global oil & gas valves market, and provides an in-depth analysis on the forecast period of 2019-2029. Also, the oil & gas market research report assesses the prominent forecasting factors that are projected to further augment the growth of the Oil & Gas Valves Market on a global level as well as regional level. Further, the report offers the key industry dynamics affecting the global oil & gas valves market across its supply chain and value chain.

In 2014, the global oil & gas valves market was pegged at approximately US$ 10 Bn. The global oil & gas valves market is estimated to be valued at over US$ 11 Bn by the end of the year 2019. The oil & gas valves market is projected to grow at a CAGR of more than 3% during the forecast period of 2019-2029, and reach a value of nearly US$ 16 Bn by the end of 2029.

Downstream Applications Contributing a Major Share to Oil & Gas Valves Market

By product type, the global oil & gas valves market has been segregated into gates, globes, balls, butterflies, checks, PRVs, and others. The gate type of oil & gas valves are estimated to continue recording a high market value share throughout the projected period, while recording a high CAGR simultaneously.

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With respect to the different sizes of oil & gas valves, the oil & gas valves market has been segmented into 0.25 to 8 inches, 8 to 20 inches, and above 20 inches. By the end of the year 2029, the 0.25 to 8 inch-sized oil & gas valves segment is estimated to hold more than half of the global oil & gas valves market share.

With regards to application, the global oil & gas valves market has been segregated into upstream, midstream, and downstream applications. The downstream applications of oil & gas valves are estimated to contribute the most to the market size of the global oil & gas valves market.

Rising Energy Need and Multiple Oil and Gas Projects in Pipeline Accelerate Market Growth in Developing Countries

Among all the regional markets, the oil & gas valves market in North America is estimated to account for over one-fourth of the global oil & gas valves market share throughout the forecast period, due to continuous advancements in the North American oil & gas and shale industry. With a booming oil & gas industry in the Western Africa and Northern African countries, the oil & gas valves market in the Middle East & Africa is estimated to record the second-largest market share throughout the forecast period. The oil & gas valves market in China, India, and Brazil are estimated to be emerging markets due to the growing energy needs, new oil & gas projects, improved economic conditions, and continuous industrialization and urbanization in these countries.

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The oil & gas industry is extremely competitive, due to the high presence of established market players. This, in turn, makes the oil & gas valves market fairly fragmented. Leading market players in the oil & gas valves market are very well-established across all the regional markets. Some of the key vendors in the global oil & gas valves market are Emerson Electric Co., CIRCOR International Inc., Schlumberger Limited, PARKER HANNIFIN CORP, Weir Group Plc., Metso Corporation, and BHGE (BAKER HUGHES, a GE Company), among others. Key vendors in the oil & gas valves market must focus on investing in research and development-related projects, particularly in emerging markets such as China, Brazil, and India.

Wood Pallets Market : Trends, and Opportunity Analysis by Future Market Insights

Future Market Insights (FMI), in its latest publication, outlines the future trajectory of molded wood pallets market for the period, 2019-2029. According to the study, global sales of molded wood pallets reached 435 million units in 2018, and are estimated to record a Y-o-Y growth of approximately 3% in 2019. Molded wood pallet manufacturers’ capabilities have been put to test in recent times, as notable trends such as pallet pooling continue to flourish among end-users.

As wood waste takes up a considerable amount of landfill space, manufacturing molded wood pallets became an effective solution to waste utilization and a perfect fit for companies going green. In addition to weighing 35% lighter, molded wood pallets are nestable which helps optimize space and reduce the cost of retrieval by more than half when compared to conventional pallets.

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The study finds that the molded wood pallets market is anticipated to grow at a volume CAGR of approximately 3% through 2029. One of the key growth drivers is manufacturers’ efforts to use significant amount of wood waste as raw materials that would otherwise end up in landfills. Further, adoption of environmentally responsible manufacturing process that consumes less energy, helps take a step closer towards sustainability goals for many industries. However, molded wood pallets are designed for limited reuse and are not reparable. Manufacturers are thus paying attention on potential methods to assist in avoiding landfills when the products have exceeded their useful life.

Although full-sized molded wood pallets continue to witness robust sales with approximately 60% revenue share in the market, manufacturers are working on increasing the production of half-sized pallets that enhance efficiency and reduce costs for shippers of smaller loads. The study opines that small-scale companies will benefit from half-sized pallets, as the use of recycled full-sized pallets burdens them with more pallet space and weight than necessary. Moreover, half-sized, nestable molded wood pallets are likely to account for relatively large share of the market players’ bottom lines in the future.

According to the study, opportunities abound for market stakeholders in logistic & transportation sector, on account of increasing industrial activities along with rapid proliferation of trade agreements among various countries. Recognizing the recent developments in manufacturing and construction industries, manufacturers are likely to explore newer opportunities, with ‘sustainability’ at the forefront of attracting attention. Aligning with evolving end users’ trends and upgrades in regulatory norms also remains an important focus area of the manufacturers.

Growth prospects of the molded wood pallets market, as identified by the FMI’s study, are high in EU5. Higher concentration of players in the region and their efforts to push sales and distribution through online channels are emerging as a strategic move. Further, Asia Pacific, particularly eastern region, is expected to represent higher incremental opportunities, backed by hefty investments in industrial sectors in recent years, which has primarily influenced the adoption of pallets.

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The FMI report further offers a comprehensive analysis of competitive landscape in molded wood pallets market. Although the market shows a high level of consolidation with a handful of key players accounting for prominent shares, there are less number of manufacturers as compared to the conventional pallets providers. Sensing a wide window of opportunity for new entrants, key players are inclining towards diversifying their product portfolio and leveraging opportunities in the untapped markets.

Titanium-Free Food Color Alternatives Market size in terms of volume and value 2019 – 2029

Titanium-Free Food Color Alternatives Market – Introduction

The growing trend for natural and organic food color is resulting in shift from titanium dioxide, a synthetic ingredient, towards titanium-free food color alternatives and extracting food colors from alternative natural sources. Natural food color sources include astaxanthin, beta carotene, annatto, and anthocyanin. Other ingredients that can be used as an alternative to titanium are silica dioxide and calcium phosphate in food colors.

Increasing consumer preference for food products free from synthetic colors is resulting in the growing demand for titanium-free food color alternatives. Reformulation of food products by food companies is rising to replace synthetic colors with natural colors. This is leading towards the development of titanium dioxide alternatives. Moreover, considering widespread food-related use of titanium dioxide, there is a growing pressure to review sustainability of studies supporting risk assessment of titanium dioxide particles as food additives.

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Titanium-Free Food Color Alternatives Market-Notable Highlights

  • With EFSA’s re-evaluation of titanium oxide as a food additive, companies are focusing on developing alternatives. For instance, in 2018, BIOGRUND developed AquaPolish® to replace titanium dioxide, while providing white film coating for oral solid dosage.
  • In 2018, Sepifilm White TF was introduced as titanium dioxide free white film coating agent for food supplements in form of tablets. The product was developed to meet growing demand for titanium-free food color alternatives from manufacturers and consumers of food supplements.

Titanium-Free Food Color Alternatives Market Dynamics

Growing Demand for Natural and Organic Food Products from Consumers

Titanium dioxide is the most common additive in food products to provide color and texture. However, growing trend for consumption of natural and organic food products is resulting in manufacturers using titanium-free food color alternatives such as silica dioxide, calcium phosphate, and rice starch. In recent years, there has been a significant increase in the requests from consumer groups for titanium-free alternatives in food products.

Manufacturers are also developing new products as titanium-free food color alternatives. For instance, Sensient Food Colors launched Avalanche™ natural white opacifier as titanium dioxide alternative. Another company Norevo also launched Quick White to replace titanium dioxide to produce light colored dragees.

Even though titanium dioxide is believed to have no toxicity, increasing number of studies are suggesting possibility of safety concerns, with need for further research. For instance, titanium dioxide is undergoing re-evaluation for human consumption in Europe, while it is already banned in Germany.

Possibility of Adverse Health Effects of Titanium Dioxide Driving Demand for Titanium-free Food Color Alternatives

The effects of titanium dioxide are unproven in humans, however, they raise serious concerns as possibility that titanium dioxide may not be safe for human consumption. Researchers suggest that in the form of nanoparticle, titanium dioxide may pose risk as it passes into liver, lungs or intestine. Moreover, children are highly exposed to titanium dioxide as they consume more gums, candies, and sweet desserts. The researchers out of the University of Nebraska have found in animal study a significant accumulation of nanoparticles in brain, this has raised concerns about titanium dioxide color as it is the most common nanomaterial used globally. With more studies confirming the possibility of adverse effects on health owing to the consumption of titanium dioxide, the safety of present use in food products is still under question.

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As of 2019, France has placed a ban on titanium dioxide, under which no food product in France can contain titanium dioxide. Many sweet manufacturers in France have stopped using titanium dioxide in their products. As more companies are eliminating titanium dioxide, testing is likely to become the part for monitoring quantity of titanium dioxide in food products worldwide.  

Utilisation of Titanium Dioxide as Coloring Agent to Make Food Products Look More Appealing

Titanium dioxide is still being used on a large scale as coloring agent in various food products such as candies, gums, donuts, and other confectionery items. Moreover, titanium dioxide is more effective and efficient white colorant in food products as compared to others, this has emerged as one of the challenges in titanium-free food color alternatives market.

Moreover, titanium dioxide generally recognized as safe by the US Food and Drug Administration (FDA) and European Food Safety Authority (EFSA) is also influencing the use of titanium dioxide as coloring agent in food products. In 2018, owing to the request by European Commission, EFSA confirmed that data on titanium dioxide also known as colourant E171 in food showed no health concerns for consumers. With adverse reaction of titanium dioxide are still unproven in human, its application in food products is still visible.

Mucopolysaccharidosis (MPS) Treatment Market will register a CAGR of 6% through 2029

A market study presented by FMI’ Mucopolysaccharidosis Treatment Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029,’ explains the significant factors influencing the current market structure.

According to research, the mucopolysaccharidosis treatment is still emerging, and different geographies have implemented standard treatment options for the condition. However, there is no universally accepted treatment pattern for mucopolysaccharidosis. Mucopolysaccharidosis falls under rare diseases, which is a complex, diverse, constantly evolving field, and there is a significant shortage of medical and scientific data related to it. Mucopolysaccharidosis treatment and diagnosis involves complex managing requirements, which include long-term care, rehabilitation support, and a continuous treatment plan.

mucopolysaccharidosis_treatment_market_snapshot

Research Activities Uplift Stem Cell Therapy Application in MPS Treatment

In the present scenario, the drugs that are considered for mucopolysaccharidosis treatment, such as aldurazyme, naglazyme, vimizim, elaprase, mepsevii and hunterase, are the only regulated and recommended drugs present in the market. These drugs fall under enzyme replacement therapies, however, with present research initiatives for stem cell therapies, the latter is considered a prominent mucopolysaccharidosis treatment. Clinical research shows that stem cell transplantation covers a large area that is not covered with the more frequently recommended practice of enzyme replacement therapies, which changes the current market structure for mucopolysaccharidosis treatment, prioritising the latter.

Stem cell therapy is a therapeutic option for mucopolysaccharidosis patients suffering from a severe phenotype, as research shows the method can preserve neurocognition or can even help break the progressive neurodegeneration. The method is provided with strict selection criteria, which is followed by maintained regulations. Research shows that stem cell therapy as a treatment option is gaining popularity among healthcare professionals for mucopolysaccharidosis treatment, which can be attributed to the relation of its better reach towards a normal health condition for the patient.

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Enzyme Replacement Therapy Remains Lucrative for Market Investors

As per further assessments of the mucopolysaccharidosis treatment market, it has been difficult to collect epidemiological data pertaining to rare diseases, especially mucopolysaccharidosis treatment, which is likely to impede the actual estimation of the economic burden associated with the condition. The cost estimation for each mucopolysaccharidosis treatment type is affecting and, in turn, creating a more vulnerable situation for the businesses and disrupting research & development activities for each company.

Enzyme replacement therapy is the most attractive segment for investors, however, the unavailability of reimbursement plans and precise treatment plans is encouraging most patient in developing regions to opt for symptomatic treatments instead of enzyme replacement therapy, which is still considered to be the standard mucopolysaccharidosis treatment.

Key Players Focus on Clinical Research of Treatment Models

The report segments the mucopolysaccharidosis treatment market into seven regions to elaborate on the regional trends pertaining to the treatment plan. Major players are focusing on increasing their market share in the Asia Pacific market through strategic collaborations with regional research institutes. There is a lack of awareness about rare diseases among the general public as well as in medical healthcare facilities in several emerging economies. According to a survey and industry report, it takes patients in the US an average of 7.6 years and patients in the UK an average of 5.6 years to actually receive a proper diagnosis. Moreover, it involves a team of healthcare professionals to actually get the right mucopolysaccharidosis treatment and diagnosis pattern for reported cases.

Manufacturers are in the process of introducing a considerable number of mucopolysaccharidosis treatment options, which are currently under clinical trials. An estimated 160 and above clinical trials are being performed for mucopolysaccharidosis treatment. Thus, ensuring that the manufacturers take this mucopolysaccharidosis treatment market to be lucrative and potential rich in terms of revenue. Medical research institutes play an important role in this particular market. They are expected to be the bridge between treatment plans and economical solutions for manufacturers, thus leaving an explicable and lucrative model for mucopolysaccharidosis treatment.

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The mucopolysaccharidosis treatment market includes companies such as BioMarin Takeda Pharmaceutical Company Limited, Sanofi S.A., and Ultragenyx Pharmaceutical Inc. BioMarin accounts for a significant value share in the present mucopolysaccharidosis treatment market. The currently existing promising drug types are expected to face competition from emerging candidates. In addition the mucopolysaccharidosis treatment products of other companies, such as Sangamo Therapeutics, Inc., REGENXBIO Inc., Sarepta Therapeutics, Abeona Therapeutics, Inc., and others, are also in the pipeline.

Plant Based Food Colors Market size in terms of volume and value 2019 – 2029

Plant Based Food Colors Market- Introduction

Plant based food colors are made using plant-based materials using natural ingredients such as beetroot, carrot, and kale. Producers are incorporating plant-based colors in their food products as consumers are focusing on including natural and organic food products to maintain overall health. Manufacturers in the plant based food colors market are constantly focusing on new plant sources to produce vibrant colors and meet the growing demand for new color shades in the food and beverages industry.

Manufacturers are using various plant based materials to produce food colors that are visualy appealing. In recent years, shades of purple in food products have gained immense popularity. This is accelerating the use of sweet potatoes, purple carrots, and yams as the source for shades of purple in various food products. Meanwhile, with increasing number of consumers shifting to a vegan and vegetarian diet, the use of plant based food colors has increased in food processing industry.

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Plant Based Food Colors Market- Notable Highlights

Some of the leading players in the plant based food colors market are  Archer Daniels Midland Company, D.D. Williamson & Co. Inc., Sensient Technology Corporation, Doehler Group, Chr. Hansen A/S, FMC Corporation, NATUREX Group, and Kalsec Inc. Notable developments in competitive landscape of plant based food colors market include,

  • Naturex has developed spirulina-based food color to meet the demand for natural green and blue shades in bakery and confectionery industry. Spirulina is a blue-green alga, grown in aquatic farms, known for vibrant color, high nutrient and ant-oxidant properties.
  • ColorKitchen has expanded into food coloring consultation with rise in number of food producers and chefs seeking to incorporate plant-based colors in their products.
  • Perennial has launched a plant-based, ready-to-drink beverage targeting older consumers. The product is free from artificial colors, sweeteners, gluten, with no cholesterol and lactose.

Plant Based Food Colors Market Dynamics

Rising Demand for Clean Label Products Driving Plant Based Food Colors Market Growth

Growing demand for clean label products from customers is one of the significant reasons for the growth of plant based food colors. Owing to the evolving dietary pattern and focus of consumer towards healthy lifestyle is enforcing manufacturers to use plant-based food color instead of synthetic food colors.

Processed food and beverage producers are focusing on using natural, plant-based and non-GMO color products as consumers consistently look for ways to eat and drink healthier. Many companies in the food industry are also launching new food products with plant-based food colors with consumers purchasing snacks made using plant based colors. Moreover, growing popularity of colorful food among millennials, food producers are looking for competitive edge by using new plant based color shades in their products.

Sweet Potato Gaining Popularity in Plant Based Food Color Market

Sweet potato varieties range in color from red, brown, purple, orange, yellow, and white, thus gaining popularity in the plant based food color market. A new variety of sweet potato has emerged as an alternative to carmine and other artificial and synthetic colors while offering natural and vibrant red color for various food products.

Hansen sweet potato™ has been developed using traditional method. With selective breeding for over 10 years, Hansen sweet potato, a highly pigmented vegetable offering bright red color similar to the color provided by carmine. Another variety, Okinawan sweet potato also known as purple sweet potato with presence of high anthocyanin content is finding wide application in food products as plant based food colors.

Production and Shelf-life of Plant Based Food Color to Remain Longstanding Challenge

Production and shelf-life are the two biggest challenges in plant based food colors market. One of the primary reasons for synthetic and artificial food colors is the low cost of production as compared to natural and plant based food colors. Moreover, artificial food colors can be produced on a large scale as there is no need for harvesting and processing, unlike plant based food colors.

Moreover, artificial food colors have long shelf-life as compared to the plant based food colors. Although plant based food colors may work well with certain perishable food items, artificial food colors have proved to work best for packaged food products and last long. Other factor hampering the growth of plant based food colors is the limitation in terms of the options available and reaction or change occurring when mixed with various food products. Moreover, deriving from natural and plant sources, plant based food colors are more expensive than synthetic colors.

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Plant Based Food Colors Market Segmentation

Based on the product, plant based food colors market is segmented into

  • Carotenoid
  • Anthocyanin
  • Chlorophyll
  • Paprika Extract
  • Spirulina Extract

Based on application, the plant based food colors market is segmented into

  • Confectionary and Bakery Products
  • Beverages
  • Packaged Food/Frozen Products
  • Dairy Food Products
  • Others

Dairy-Free RTD Coffee Products Market Revenue, Opportunity, Forecast and Value Chain 2019 – 2029

Dairy-Free RTD Coffee Products Market- An Overview

Ready-to-drink (RTD) category remains a popular category in the food and beverages landscape, as products offered in this category favor both indulgence and convenience. The demand for ready-to-drink beverages has increased exponentially, notably driven by the trend of ‘on-the-go’ nutrition and growing interest in health and wellness space.

The RTD beverages market is teeming with a lot of varieties, such as high protein, non-GMO, organic, dairy-free, and gluten free. After a decade of activities centered upon interactive packaging and innovative marketing in the ready-to-drink coffee market, the focus has now shifted toward making product changes at the grass-root level. The manufacturers of RTD coffee are now rolling out exclusive dairy-free RTD coffee products in response to the growing demand for dairy-free alternatives, which, in turn, will appeal to the consumers seeking healthy indulgence.

Dairy-Free RTD Coffee Products Market- Novel Developments

Key players operating in the dairy-free RTD coffee products market are channelizing their efforts toward new product launches offering the desired taste and functionalities. Product differentiation remains the key to increased recall value of a product in the dairy-free RTD coffee products market space, thereby resulting in repeated sales.

  • In 2019, Danone S.A.- a multinational food-products corporation- added a new variety of dairy-free RTD coffee product to its existing portfolio of ‘Stok Cold Brew’. The company launched two exclusive dairy-free creamed coffees named ‘Stok Oatmilk Latte’ and ‘Stok Almondmilk Mocha’ for offering their customers with smooth and coffee-forward experiences with bountiful health benefits.

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  • In 2018, Alpro- a Belgian-based producer of non-GMO and soya-based food & drink products, launched an exclusive range of dairy-free RTD chilled coffee products named ‘Alpro Caffè’. Alpro Caffè has been made available in one litre cartons and in two distinct flavours: coffee & hazelnut and coffee & soya caramel. These product launches are a part of the company’s strategy of winning profits via distinguishable offerings.

Dairy-Free RTD Coffee Products Market- Dynamics

Dairy-Free RTD Coffee Products Market- Swelling Demand for Dairy-Free Beverages to Boost Growth Potential of Market Players

The demand for dairy-free beverages is on an upswing and this growth in demand is unlikely to slow down anytime soon. Consumers’ demand for dairy-free alternatives is also a consequence of rapid gravitation toward health & wellness. Consumers, apart from delightful indulgence, are also seeking functional attributes favoring health, thereby bringing dairy-free RTD coffee products to the fore.

In response to the aforementioned, manufacturers in the dairy-free RTD coffee products market are focusing on offering value-driven indulgence to their consumers, which, in turn, will lead to high profitability. However, brands can’t consider taste as an afterthought as it holds the highest value in a consumer’s checklist. Health benefits are being highly sought-after by consumers in the dairy-free RTD coffee products, but without budging over aspects such as texture or flavour. Such demands have resulted in increased R&D efforts in the dairy-free RTD coffee products for adding health-favoring benefits to products without compromising on textural and flavour aspects.

Dairy-Free RTD Coffee Products Market- Flavour & Ingredient Innovations Remain a Key to Enhanced Consumer Engagement

Flavor innovation will continue to be a key manufacturing trend in the dairy-free RTD coffee products market. It is highly imperative for the companies in the dairy-free RTD coffee products market to come up with unique products offering distinctive savory experiences with value-added features. In the dairy-free RTD coffee products market, manufacturers are increasingly investing in flavour innovations to make their products stand out of the market shelves.

With consumers showing strong engagement in multiple flavour categories, manufacturers are taking ingredient and flavor innovations to the next level by incorporating popular varieties, such as cashew milk and almond milk. Manufacturers are using dates, chia seeds, and many other products for offering exclusive flavour experiences to their consumers to linger on. Such innovations will continue to decide the fate of key players in the dairy-free RTD coffee products market in terms of consolidation.

Dairy-Free RTD Coffee Products Market- Consumer Inclination toward ‘Better-for-You’ Products to Uphold Growth

Consumers’ willingness to spend on ‘better-for-you’ alternatives is a key aspect supporting growth of dairy-free RTD coffee products market. Growing demand for functional food & beverage formulations with wholesome features and an all-natural feel is likely to create new revenue-making opportunities for market players of dairy-free RTD coffee products market in the future. Moreover, the ubiquitous trend of beverage blurring, wherein concoctions are created by mixing two or more beverage categories, is gaining momentum in the ready-to-drink beverages space. This, in turn, is likely to create new possibilities for growth of dairy-free RTD coffee products market in the future.

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Dairy-Free RTD Coffee Products Market- Segmentation

By flavour, the dairy-free RTD coffee products market is segmented into

  • Flavoured
  • Non-Flavoured

By packaging, the dairy-free RTD coffee products market is segmented into

  • Cans
  • Bottles (Glass & Pet)
  • Others

By Sales Channel, the dairy-free RTD coffee products market is segmented into

  • Convenience stores
  • Mass merchandisers
  • Supermarkets/hypermarkets
  • Food Service Establishments

Fiber Supplements Market Revenue, Opportunity, Forecast and Value Chain 2019 – 2029

Fiber is a type of carbohydrate that helps to keep the digestive systems healthy. There are numerous fiber supplements available in the industry in various forms, such as tablets, capsules, and powders. Fiber provides a wide range of health benefits, such as it lowers cholesterol, and keeps blood sugar steady. Short-term relief from bowel irregularity and constipation are some primary factors that are driving the adoption of fiber supplements. Dietary fiber supplements are also witnessing traction for weight management, as they help people feel satiate for longer.

Fiber Supplements Market – Notable Developments

Some of the leading players operating in the global fiber supplements market are NOW Foods, Walgreens, SPECIES, Citrucel, BarnDad Innovative Nutrition, Robinson Pharma, Inc., Myogenix, Optimum Nutrition, Garden Of Life, Benefiber, Twinlab, Renew Life Formulas, Inc., and Metamucil

Notable developments in the competitive landscape of fiber supplements market include:

  • In 2018, the Fiber Choice® line of chewable prebiotic fiber gummies and tablets was awarded the #1 share of gastroenterologist (GE) recommendations nationwide, over four times greater than that for the nearest branded competitor.
  • Caret Pharma, a subsidiary of Caret Group has acquired FiberChoice, a leading line of fiber supplements. With this acquisition, Caret Pharma aims to expand its medical food category.
  • As consumers are in pursuit of supplements that deliver optimum fiber and protein, Atkins brand has launched Atkins Plus Protein & Fiber shakes in two varieties, Creamy Milk Chocolate and Creamy Vanilla.

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Growing Awareness about Health Benefits of Dietary Fiber Supplements Fuelling Adoption

A significant transition in lifestyle and dietary habits of people is driving traction for fiber-rich supplements. Research on the health benefits of adequate fiber supplements has had positive conclusions. As per the European Food Safety Authority, fiber-rich products can enhance weight management. Meanwhile, the World Cancer Research Fund (WCRF) estimates that roughly 45% of bowel cancer can be prevented with the consumption of proper fiber-rich diet and physical activity. Burgeoning studies showing a wide range of health benefits of dietary fibers are fuelling demand for soluble as well as insoluble fiber supplements.

Fiber Supplement Manufacturers Adopting Smart Marketing Strategies to Drive Sales

Fiber has a unique taste and thus, it requires proper masking for a product to appeal consumers. Consequently, nutraceutical companies are increasingly experimenting with various fibers to develop fiber supplements that taste good. Several companies provide taste-free, sugar-free fiber supplements, which the consumers can use as per their convenience. For instance, Benefiber powder is a leading fiber supplement that completely dissolves in beverages. Moreover it’s tasteless, which means consumers can add this fiber supplement to any beverage. This growing adoption of in-trend ingredients in variants is likely to drive growth in fiber supplements market.

Heavy Regulations from FDA Confining Growth in Fiber Supplements Market   

Stringent FDA regulations are posing a significant barrier to entry of fiber supplements in the market, as product testing and approval can be a costly and lengthy process. Additionally, compliance with prevailing regulations at the manufacturing stage can drive production costs to excessive levels for all but the well-capitalized companies. Furthermore, the increasing number of adulterated and misbranded products coupled with mislabeling claims and other scandals have hampered consumer confidence in dietary supplements. These factors are likely to limit the growth in fiber supplements market.

Favorable Initiatives & Recommendations Driving Adoption of Fiber Supplements

As per the World Gastroenterology Organization, dietary fiber intake recommendations vary across different parts of the world. Most of the guidelines recommend consumption of >20g/day. However, actual dietary fiber consumption is below recommended levels across many countries. Fiber consumption in many countries, including the US and Europe is far below the recommended level by regulatory bodies. This is leading to long-term implications for public health, such as gastrointestinal disorders, rising cases of type 2 diabetes, heart diseases, stroke, and obesity. Fiber supplements allow people to boost the amount of fiber in their diets if they are not getting it in adequately from their diet. The growing fiber intake recommendations by government coupled with the increasing consumption of fiber-deficient diets, are prompting consumers to adopt fiber supplements.

Growing Gluten-Free Intolerance Creating Lucrative Opportunities in Fiber Supplements Market

Gluten-free is a rapidly growing food intolerance segment that continues to show significant potential in the future market worldwide. Amid the changing consumer preference for gluten-free products, fiber supplements companies are increasingly focusing on providing high-fiber and gluten-free variants. For instance, Psyllium husk, which is commonly found in many fiber supplements, is a naturally gluten-free ingredient that has been helping its brand to comply with the altering preferences. Konsyl is also a gluten-free variant, just like most of Metamucil products. Furthermore, Citrucel makes the safest gluten-free choice among the purely soluble fiber supplements.

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Fiber Supplements Market – Segmentation

Based on type, the global fiber supplements market is segmented into:

  • Capsule
  • Powder
  • Chewable
  • Tablets

Based on application, the global fiber supplements market is segmented into:

  • Blood Cholesterol Reduction
  • Gastrointestinal Health
  • Weight Management

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