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 Probiotic Gummies Market Growth & Trends

The global probiotic gummies market is expected to reach USD 1.97 billion by 2030, exhibiting a CAGR of 14.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global probiotic gummies market is driven by increasing consumer awareness about gut health and the benefits of probiotics, a growing prevalence of digestive disorders, and a rising preference for convenient and tasty supplement forms.

Increased interest in overall wellness and the role of gut health in immunity, mental health, and metabolic functions are spurring demand. For instance, the COVID-19 pandemic underscored the importance of immune health, leading consumers to seek out products like probiotic gummies that support the immune system. Brands like Olly and SmartyPants capitalize on this trend by offering easy-to-consume and appealingly flavored probiotics. Additionally, the clean label movement, emphasizing non-GMO, organic, and vegan options, further drives market growth, with products like Garden of Life's Dr. Formulated Probiotics Gummies gaining popularity for their natural ingredients.

Significant opportunities in the probiotic gummies market arise from the increasing acceptance of functional foods and dietary supplements, particularly in emerging markets across Asia Pacific and Latin America. Rapid urbanization and a growing middle class with higher disposable incomes in these regions present a substantial customer base eager for health and wellness products.

The competitive landscape of the probiotic gummies market features a diverse mix of established dietary supplement brands, pharmaceutical companies, and innovative startups. Major players like Olly, SmartyPants, and Nature's Way lead the market with extensive distribution networks and strong brand loyalty. These companies leverage their expertise to offer a wide range of probiotic gummies targeting various demographics and health concerns.

Manufacturers are expanding their probiotic gummy offerings by including a wider variety of probiotic strains beyond the traditional Lactobacillus and Bifidobacterium. This diversification allows for targeting specific health needs more effectively. For instance, gummies now contain strains like Saccharomyces boulardii, known for its benefits in managing diarrhea and gut infections.

In addition, these ingredients help improve sleep quality, reduce oxidative stress, and boost the production of melatonin, which is crucial for regulating sleep. The multiple benefits offered by these gummies have compelled manufacturers to launch these supplements.

Nowadays, nutritional supplement providers are increasingly forming partnerships to develop integrated versions of supplements that combine the benefits of probiotics. These collaborations address diverse human needs and enhance the overall effectiveness of these nutritional supplements. In October 2023, UK-based Clasado Biosciences and U.S.-based ingredient distributor Stratum Nutrition partnered to launch a probiotic-postbiotic gummy supplement in the SupplySide West trade show in Las Vegas, U.S. The gummy includes LBiome, a Lactobacillus LB postbiotic ingredient from Stratum and Clasado’s Bimuno galactooligosaccharide (GOS) prebiotic ingredient.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/probiotic-gummies-market-report

Probiotic Gummies Market Report Highlights

• In 2023, digestive support probiotic gummies captured 65.5% of the global market revenue, driven by increasing consumer awareness of the link between gut health and overall wellness.
• The probiotic gummies segment for kids is expected to grow at a CAGR of 16.5% from 2024 to 2030, fueled by the appeal of their sweet taste and the variety of flavors, shapes, and colors available.
• Sales of probiotic gummies through online channels are anticipated to grow at a CAGR of 17.4% from 2024 to 2030, due to the wide selection of brands available on e-commerce platforms.
• The probiotic gummies market in the Asia Pacific region is forecasted to grow at a CAGR of 16.3% from 2024 to 2030, driven by increasing awareness of probiotics' health benefits, particularly in countries like China, Japan, and India.

Regional Insights

The probiotic gummies market of North America accounted for a share of 36.6% of the global revenue in 2023. The market's growth is fueled by the escalating understanding of dietary supplements and the consequent surge in spending on health and wellness products. The appeal of probiotic gummies is on the rise because of their convenience and enjoyable flavor, particularly favored by adults who encounter challenges with swallowing pills or dislike the taste of conventional supplements. Furthermore, producers are progressively customizing gummy supplements to cater to distinct demographic groups or tackle specific health issues.

U.S. Probiotic Gummies Market Trends

The U.S. probiotic gummies market is projected to register a significant CAGR from 2024 to 2030. With a heightened focus on overall wellness, consumers are increasingly seeking products that support digestive health, immunity, and nutrient absorption. The convenience of gummies, which are easier to consume than pills or capsules, appeals to both adults and Pregnant Women. For example, brands like Olly and SmartyPants have capitalized on this trend by offering a variety of probiotic gummies that are marketed for their health benefits and enjoyable flavors.

Probiotic Gummies Market Segmentation

Grand View Research has segmented the probiotic gummies market based on application, end use, distribution channel, and region.

Probiotic Gummies Application Outlook (Revenue, USD Million, 2018 - 2030)

• Digestive Support
• Immune Support

Probiotic Gummies End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Adults
• Men
• Women
• Pregnant Women
• Geriatric
• Kids

Probiotic Gummies Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline
• Hypermarkets/Supermarkets
• Pharmacies
• Specialty Stores
• Practitioner
• Others
• Online

Probiotic Gummies Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players in the Probiotic Gummies Market

• Culturelle
• Florastor
• Nature's Bounty
• SmartyPants Vitamins
• Church & Dwight Co., Inc. (Vita Fusion)
• Garden of Life
• NatureWise
• Now Foods
• The Procter & Gamble Company (Align)
• Nature Made (Pharmavite)

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/probiotic-gummies-market-report

 Probiotic Gummies Market Growth & Trends

The global probiotic gummies market is expected to reach USD 1.97 billion by 2030, exhibiting a CAGR of 14.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global probiotic gummies market is driven by increasing consumer awareness about gut health and the benefits of probiotics, a growing prevalence of digestive disorders, and a rising preference for convenient and tasty supplement forms.

Increased interest in overall wellness and the role of gut health in immunity, mental health, and metabolic functions are spurring demand. For instance, the COVID-19 pandemic underscored the importance of immune health, leading consumers to seek out products like probiotic gummies that support the immune system. Brands like Olly and SmartyPants capitalize on this trend by offering easy-to-consume and appealingly flavored probiotics. Additionally, the clean label movement, emphasizing non-GMO, organic, and vegan options, further drives market growth, with products like Garden of Life's Dr. Formulated Probiotics Gummies gaining popularity for their natural ingredients.

Significant opportunities in the probiotic gummies market arise from the increasing acceptance of functional foods and dietary supplements, particularly in emerging markets across Asia Pacific and Latin America. Rapid urbanization and a growing middle class with higher disposable incomes in these regions present a substantial customer base eager for health and wellness products.

The competitive landscape of the probiotic gummies market features a diverse mix of established dietary supplement brands, pharmaceutical companies, and innovative startups. Major players like Olly, SmartyPants, and Nature's Way lead the market with extensive distribution networks and strong brand loyalty. These companies leverage their expertise to offer a wide range of probiotic gummies targeting various demographics and health concerns.

Manufacturers are expanding their probiotic gummy offerings by including a wider variety of probiotic strains beyond the traditional Lactobacillus and Bifidobacterium. This diversification allows for targeting specific health needs more effectively. For instance, gummies now contain strains like Saccharomyces boulardii, known for its benefits in managing diarrhea and gut infections.

In addition, these ingredients help improve sleep quality, reduce oxidative stress, and boost the production of melatonin, which is crucial for regulating sleep. The multiple benefits offered by these gummies have compelled manufacturers to launch these supplements.

Nowadays, nutritional supplement providers are increasingly forming partnerships to develop integrated versions of supplements that combine the benefits of probiotics. These collaborations address diverse human needs and enhance the overall effectiveness of these nutritional supplements. In October 2023, UK-based Clasado Biosciences and U.S.-based ingredient distributor Stratum Nutrition partnered to launch a probiotic-postbiotic gummy supplement in the SupplySide West trade show in Las Vegas, U.S. The gummy includes LBiome, a Lactobacillus LB postbiotic ingredient from Stratum and Clasado’s Bimuno galactooligosaccharide (GOS) prebiotic ingredient.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/probiotic-gummies-market-report

Probiotic Gummies Market Report Highlights

• In 2023, digestive support probiotic gummies captured 65.5% of the global market revenue, driven by increasing consumer awareness of the link between gut health and overall wellness.
• The probiotic gummies segment for kids is expected to grow at a CAGR of 16.5% from 2024 to 2030, fueled by the appeal of their sweet taste and the variety of flavors, shapes, and colors available.
• Sales of probiotic gummies through online channels are anticipated to grow at a CAGR of 17.4% from 2024 to 2030, due to the wide selection of brands available on e-commerce platforms.
• The probiotic gummies market in the Asia Pacific region is forecasted to grow at a CAGR of 16.3% from 2024 to 2030, driven by increasing awareness of probiotics' health benefits, particularly in countries like China, Japan, and India.

Regional Insights

The probiotic gummies market of North America accounted for a share of 36.6% of the global revenue in 2023. The market's growth is fueled by the escalating understanding of dietary supplements and the consequent surge in spending on health and wellness products. The appeal of probiotic gummies is on the rise because of their convenience and enjoyable flavor, particularly favored by adults who encounter challenges with swallowing pills or dislike the taste of conventional supplements. Furthermore, producers are progressively customizing gummy supplements to cater to distinct demographic groups or tackle specific health issues.

U.S. Probiotic Gummies Market Trends

The U.S. probiotic gummies market is projected to register a significant CAGR from 2024 to 2030. With a heightened focus on overall wellness, consumers are increasingly seeking products that support digestive health, immunity, and nutrient absorption. The convenience of gummies, which are easier to consume than pills or capsules, appeals to both adults and Pregnant Women. For example, brands like Olly and SmartyPants have capitalized on this trend by offering a variety of probiotic gummies that are marketed for their health benefits and enjoyable flavors.

Probiotic Gummies Market Segmentation

Grand View Research has segmented the probiotic gummies market based on application, end use, distribution channel, and region.

Probiotic Gummies Application Outlook (Revenue, USD Million, 2018 - 2030)

• Digestive Support
• Immune Support

Probiotic Gummies End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Adults
• Men
• Women
• Pregnant Women
• Geriatric
• Kids

Probiotic Gummies Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline
• Hypermarkets/Supermarkets
• Pharmacies
• Specialty Stores
• Practitioner
• Others
• Online

Probiotic Gummies Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players in the Probiotic Gummies Market

• Culturelle
• Florastor
• Nature's Bounty
• SmartyPants Vitamins
• Church & Dwight Co., Inc. (Vita Fusion)
• Garden of Life
• NatureWise
• Now Foods
• The Procter & Gamble Company (Align)
• Nature Made (Pharmavite)

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/probiotic-gummies-market-report

Plus-size Clothing Market Growth & Trends

The global plus-size clothing market size is anticipated to reach USD 412.39 billion by 2030 and is projected to grow at a CAGR of 4.1% from 2024 to 2030, according to a new report by Grand View % from Research, Inc. The market has experienced a notable surge in popularity over the past few years, driven by increased consumer demand for more inclusive fashion options. This trend has been particularly evident since 2022, with numerous initiatives and strategic shifts by major brands to better cater to the plus-size demographic.

In August 2021, Old Navy launched its BODEQUALITY campaign, integrating plus-size clothing into its standard collections in-store and online. This initiative eliminated separate plus-size sections, offering all sizes together to promote inclusivity. By 2022, Old Navy reported positive feedback and increased sales, demonstrating the market's appetite for more inclusive offerings.

The surge in the global market can be attributed to several economic and social factors. As disposable incomes rise globally, consumers have greater spending power, and there is a growing willingness to invest in fashion that reflects their personal style and body type. In addition, the rise of social media and the influence of body-positive movements have empowered plus-size consumers to demand better representation and more diverse clothing options.

Social media has played a crucial role in transforming the plus-size fashion landscape. Platforms like Instagram, TikTok, and YouTube have given a voice to plus-size influencers who challenge traditional beauty standards and promote body positivity. Influencers such as Tess Holliday, Gabi Gregg, and Nadia Aboulhosn have amassed large followings and have collaborated with brands to create collections that cater specifically to plus-size consumers.

These influencers not only advocate for better fashion options but also educate their followers on issues related to self-esteem, health, and body acceptance. Their impact is evident in the way brands approach their marketing campaigns, featuring more diverse body types and promoting messages of inclusivity and empowerment.

The sportswear segment has also seen growth in plus-size options. Brands like Nike, Adidas, and Fabletics have introduced extended sizes in their athletic wear lines, recognizing the need for inclusive fitness apparel. This expansion not only addresses a gap in the market but also promotes the idea that fitness and health are accessible to all body types.

As consumers become more environmentally conscious, the demand for sustainable plus-size fashion has increased. Brands like Reformation and Girlfriend Collective are leading the way by offering stylish, eco-friendly plus-size clothing. These brands use recycled materials and ethical production practices, appealing to consumers who prioritize sustainability.

Despite the progress made, the plus-size fashion market still faces several challenges. One of the primary issues is the lack of standardization in sizing. Plus-size clothing sizes can vary significantly between brands, making it difficult for consumers to find consistent fits. This inconsistency often leads to frustration and high return rates, which can be costly for both consumers and retailers.

To address this issue, some brands are investing in technology to offer better fit solutions. For example, True Fit is a technology company that uses data to help consumers find the right size across different brands. By integrating such technologies, retailers can enhance the shopping experience for plus-size consumers and reduce the likelihood of returns.

As brands increasingly recognize the value of inclusivity, the market will likely see further expansion in size ranges, improved fit technologies, and more diverse marketing campaigns. Moreover, the push for sustainability and ethical production practices will continue to shape the industry, offering plus-size consumers not only more options but also better choices.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/plus-size-clothing-market-report

Plus-size Clothing Market Report Highlights

• With the increase in remote work and more casual office settings, consumers are looking for versatile pieces that combine comfort and fashion
• Parents are seeking stylish, comfortable, and age-appropriate options for their plus-size children. Target's Cat & Jack line includes extended sizes for children, ensuring a comfortable fit for everyone
• Eloquii and Simply Be are brands that cater specifically to plus-size women, offering a wide array of clothing options from casual to formal wear. These brands focus on providing stylish and high-quality clothing that meets the needs of women across different life stages
• The Chinese market is witnessing a growing demand for plus-size clothing, with e-commerce platforms like Taobao and Tmall offering a variety of options. International brands like H&M and Zara have also introduced plus-size ranges to cater to this market

Plus-size Clothing Market Segmentation

Grand View Research has segmented the global plus-size clothing market report based on type, distribution channel, and region:

Plus-size Clothing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Casual
• Sportswear
• Inner Wear
• Ethnic Wear
• Formal
• Night Wear
• Others

Plus-size Clothing Gender Outlook (Revenue, USD Million, 2018 - 2030)

• Women
• Men
• Children

Plus-size Clothing Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Below 15
• 16 to 59
• 60 & Above

Plus-size Clothing Pricing Outlook (Revenue, USD Million, 2018 - 2030)

• Mass
• Premium
• Luxury

Plus-size Clothing Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America (CSA)
• Middle East & Africa (MEA)

List of Key Players of the Plus-size Clothing Market

• MANGO
• Hennes & Mauritz AB
• F21 IPCo, LLC
• Nike, Inc.
• adidas America, Inc.
• Puma SE
• Lane Bryant
• RALPH LAUREN MEDIA LLC
• ASOS
• Ashley Stewart

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/plus-size-clothing-market-report

Plus-size Clothing Market Growth & Trends

The global plus-size clothing market size is anticipated to reach USD 412.39 billion by 2030 and is projected to grow at a CAGR of 4.1% from 2024 to 2030, according to a new report by Grand View % from Research, Inc. The market has experienced a notable surge in popularity over the past few years, driven by increased consumer demand for more inclusive fashion options. This trend has been particularly evident since 2022, with numerous initiatives and strategic shifts by major brands to better cater to the plus-size demographic.

In August 2021, Old Navy launched its BODEQUALITY campaign, integrating plus-size clothing into its standard collections in-store and online. This initiative eliminated separate plus-size sections, offering all sizes together to promote inclusivity. By 2022, Old Navy reported positive feedback and increased sales, demonstrating the market's appetite for more inclusive offerings.

The surge in the global market can be attributed to several economic and social factors. As disposable incomes rise globally, consumers have greater spending power, and there is a growing willingness to invest in fashion that reflects their personal style and body type. In addition, the rise of social media and the influence of body-positive movements have empowered plus-size consumers to demand better representation and more diverse clothing options.

Social media has played a crucial role in transforming the plus-size fashion landscape. Platforms like Instagram, TikTok, and YouTube have given a voice to plus-size influencers who challenge traditional beauty standards and promote body positivity. Influencers such as Tess Holliday, Gabi Gregg, and Nadia Aboulhosn have amassed large followings and have collaborated with brands to create collections that cater specifically to plus-size consumers.

These influencers not only advocate for better fashion options but also educate their followers on issues related to self-esteem, health, and body acceptance. Their impact is evident in the way brands approach their marketing campaigns, featuring more diverse body types and promoting messages of inclusivity and empowerment.

The sportswear segment has also seen growth in plus-size options. Brands like Nike, Adidas, and Fabletics have introduced extended sizes in their athletic wear lines, recognizing the need for inclusive fitness apparel. This expansion not only addresses a gap in the market but also promotes the idea that fitness and health are accessible to all body types.

As consumers become more environmentally conscious, the demand for sustainable plus-size fashion has increased. Brands like Reformation and Girlfriend Collective are leading the way by offering stylish, eco-friendly plus-size clothing. These brands use recycled materials and ethical production practices, appealing to consumers who prioritize sustainability.

Despite the progress made, the plus-size fashion market still faces several challenges. One of the primary issues is the lack of standardization in sizing. Plus-size clothing sizes can vary significantly between brands, making it difficult for consumers to find consistent fits. This inconsistency often leads to frustration and high return rates, which can be costly for both consumers and retailers.

To address this issue, some brands are investing in technology to offer better fit solutions. For example, True Fit is a technology company that uses data to help consumers find the right size across different brands. By integrating such technologies, retailers can enhance the shopping experience for plus-size consumers and reduce the likelihood of returns.

As brands increasingly recognize the value of inclusivity, the market will likely see further expansion in size ranges, improved fit technologies, and more diverse marketing campaigns. Moreover, the push for sustainability and ethical production practices will continue to shape the industry, offering plus-size consumers not only more options but also better choices.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/plus-size-clothing-market-report

Plus-size Clothing Market Report Highlights

• With the increase in remote work and more casual office settings, consumers are looking for versatile pieces that combine comfort and fashion
• Parents are seeking stylish, comfortable, and age-appropriate options for their plus-size children. Target's Cat & Jack line includes extended sizes for children, ensuring a comfortable fit for everyone
• Eloquii and Simply Be are brands that cater specifically to plus-size women, offering a wide array of clothing options from casual to formal wear. These brands focus on providing stylish and high-quality clothing that meets the needs of women across different life stages
• The Chinese market is witnessing a growing demand for plus-size clothing, with e-commerce platforms like Taobao and Tmall offering a variety of options. International brands like H&M and Zara have also introduced plus-size ranges to cater to this market

Plus-size Clothing Market Segmentation

Grand View Research has segmented the global plus-size clothing market report based on type, distribution channel, and region:

Plus-size Clothing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Casual
• Sportswear
• Inner Wear
• Ethnic Wear
• Formal
• Night Wear
• Others

Plus-size Clothing Gender Outlook (Revenue, USD Million, 2018 - 2030)

• Women
• Men
• Children

Plus-size Clothing Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Below 15
• 16 to 59
• 60 & Above

Plus-size Clothing Pricing Outlook (Revenue, USD Million, 2018 - 2030)

• Mass
• Premium
• Luxury

Plus-size Clothing Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America (CSA)
• Middle East & Africa (MEA)

List of Key Players of the Plus-size Clothing Market

• MANGO
• Hennes & Mauritz AB
• F21 IPCo, LLC
• Nike, Inc.
• adidas America, Inc.
• Puma SE
• Lane Bryant
• RALPH LAUREN MEDIA LLC
• ASOS
• Ashley Stewart

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/plus-size-clothing-market-report

 Vegan Omega-3 Supplements Market Growth & Trends

The global vegan omega-3 supplements market is expected to reach USD 2.98 billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is mainly driven by driven by a confluence of health, environmental, and ethical factors. One of the primary drivers is the increasing awareness of the health benefits associated with omega-3 fatty acids, which include improved cardiovascular health, enhanced cognitive function, and anti-inflammatory properties.

Consumers are becoming more health-conscious and are actively seeking plant-based alternatives to traditional fish oil supplements. For example, algae-based omega-3 supplements are gaining popularity as they provide a sustainable and vegan-friendly source of essential fatty acids, particularly EPA and DHA. Environmental concerns also play a crucial role; overfishing and the ecological impact of fish oil production have prompted a shift towards more sustainable sources.

The appeal of vegan omega-3 supplements is further enhanced by the introduction of innovative delivery systems, such as pectin-based softgels. These advancements address concerns regarding gelatin-derived capsules and provide a more attractive option for consumers seeking vegan-friendly supplements. As the market evolves, manufacturers and suppliers have the opportunity to capitalize on the growing demand by offering high-quality, sustainable, and effective vegan omega-3 supplements to meet the needs of a diverse consumer base.

The competitive landscape of the vegan omega-3 supplement market is characterized by a mix of established nutraceutical companies and emerging startups, all vying for a share of this rapidly growing segment. Major players like Barlean's Organic Liquid, LLC, i-Health, Inc., Source Naturals, Inc., NUTRU, Nordic Naturals, Calgee, and NOW Foods,  have established a strong presence by leveraging their expertise in plant-based formulations and sustainable sourcing.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/vegan-omega-3-supplements-market-report

Vegan Omega-3 Supplements Market Report Highlights

• Algae-based vegan omega-3 supplements held a 75.4% market share of global revenues in 2023, driven by increased awareness of the purity and sustainability of algal oil.
• The market is projected to grow at a CAGR of 9.6% from 2024 to 2030. Manufacturers are expanding their product lines to include alternative forms, such as powder, to cater to diverse consumer preferences.
• Cardiovascular vegan omega-3 supplements accounted for 37.0% of global revenues in 2023. These supplements are commonly used for promoting cardiovascular health, offering significant benefits for maintaining heart function and reducing the risk of heart-related issues.
• The market in North America held a 37.1% share of global revenue in 2023, driven primarily by a growing consumer preference for plant-based alternatives and the increasing adoption of vegan and vegetarian lifestyles.

Regional Insights

The market in North America accounted for a share of 37.1% of the global revenue in 2023. The market is primarily driven by a growing consumer preference for plant-based alternatives, in line with the increasing adoption of vegan and vegetarian lifestyles. As more individuals seek sustainable and ethical products, the demand for vegan omega-3 supplements has surged. For example, the rise of plant-based diets among millennials and Gen Z has led to a greater interest in vegan supplements, prompting the industry to expand its product offerings.

U.S. Vegan Omega-3 Supplements Market Trends

The market in the U.S. is projected to grow at a CAGR of 8.8% from 2024 to 2030. The growth of the market is mainly attributed to the increasing consumer awareness of the health benefits associated with omega-3 fatty acids and the shift towards plant-based diets. As more Americans focus on incorporating healthier and sustainable dietary choices into their lifestyles, the demand for vegan omega-3 supplements continues to rise. As per research conducted by Nuseed Nutritional US Inc. in October 2021, 64% of vitamin and mineral supplement consumers preferred plant-based or vegan omega-3 supplements.

Vegan Omega-3 Supplements Market Segmentation

Grand View Research has segmented the global vegan omega-3 supplements market based on source, form, functionality, end-use, distribution channel, and region.

Vegan Omega-3 Supplements Source Outlook (Revenue, USD Million, 2018 - 2030)

• Algae
• Flaxseed
• Chia Seeds
• Others

Vegan Omega-3 Supplements Form Outlook (Revenue, USD Million, 2018 - 2030)

• Capsules
• Liquid
• Powder
• Others

Vegan Omega-3 Supplements Functionality Outlook (Revenue, USD Million, 2018 - 2030)

• Cardiovascular Health
• Brain, Nervous System & Mental Health
• Eye Diseases
• Diabetes
• Others

Vegan Omega-3 Supplements End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

Vegan Omega-3 Supplements Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• OTC
• Prescribed

Vegan Omega-3 Supplements Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players in the Vegan Omega-3 Supplements Market

• Barlean's Organic Liquid, LLC
• i-Health, Inc.
• Source Naturals, Inc.
• NUTRU
• Nordic Naturals
• Calgee
• NOW Foods
• Sunwarrior LLC
• Nomolotus, LLC (Truvani)
• Doctor’s Best

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/vegan-omega-3-supplements-market-report

Vitamin C Serum Market Growth & Trends 

The global vitamin C serum market size is expected to reach USD 2.10 billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Facial serums have surged in popularity due to their high concentration of active ingredients, allowing them to effectively target specific skin concerns like dark spots, dullness, and wrinkles. Vitamin C serums are favored for their brightening and antioxidant properties, which help to even skin tone, boost radiance, and protect against environmental damage. The lightweight, fast-absorbing formulas of serums make them suitable for layering, enhancing the overall skincare routine, and delivering visible results.

Vitamin C serums have risen in popularity due to their well-documented benefits and extensive research backing them up. Dermatologists highlight vitamin C's ability to combat free radicals, pollution, and skin damage while preventing pigmentation and sun damage. Esteemed skincare experts like Caroline Hirons and Dr. Emma Craythorne endorse its effectiveness. The increasing consumer interest is reflected in rising search volumes and purchase intent, with brands like The Body Shop and The Ordinary capitalizing on this trend through targeted advertising and optimized product pages. This surge is driven by vitamin C's proven efficacy and growing consumer awareness.

The rise in skincare interest among tweens and younger teenagers has significantly contributed to the demand for vitamin C serums. Influenced by social media trends, celebrity routines, and viral content on platforms like TikTok, this demographic is increasingly adopting comprehensive skincare routines, including cleansers, toners, and serums. In addition to Gen Z, the U.S. Census Bureau projects that by 2025, 22% of the population will be under the age of 18 already buys cosmetics, 69% of people wear color cosmetics, and 68% follow a skincare routine. Vitamin C serums, known for their brightening and anti-aging properties, are particularly popular. As Gen Alpha's image consciousness grows, their skincare habits are driving demand for effective, well-researched products like vitamin C serums, further expanding the market.

Sustainability in vitamin C serums is increasingly prioritized today, with brands adopting eco-friendly packaging solutions. Opaque bottles protect the photosensitive and unstable vitamin C from light and air, preventing degradation. Airless pumps further preserve product integrity by eliminating contamination risks and ensuring minimal product waste. In addition, aluminum bottles are favored for their protection against UV, humidity, and temperature variations and for being easily recyclable. These measures reflect a growing commitment to both product efficacy and environmental responsibility.

The demand for luxury skincare is rising as affluent consumers increasingly seek exclusive, high-quality products. Brands like La Mer and La Prairie cater to this trend, offering premium formulations and rare ingredients. The allure of unique, artisanal items, often marketed with compelling storytelling and exceptional customer service, appeals to luxury shoppers. This shift is further fueled by the desire for status symbols and unique beauty experiences, elevating luxury skincare's prominence in the market.

Medik8’s Super C Ferulic Serum, priced at USD 74, which was launched in January 2024, is a potent luxury skincare solution featuring 30% ethylated L-ascorbic acid (vitamin C), ferulic acid, and vitamin E. This powerful combination targets advanced sun aging signs, such as uneven skin tone, fine lines, and age spots. The serum is clinically proven to improve skin texture and brightness within seven days due to its high potency and balanced formulation. Enhanced with turmeric root extract, it offers additional luminosity and even skin tone, making it a standout in luxury skincare.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/vitamin-c-serum-market-report

Vitamin C Serum Market Report Highlights

• Vitamin C serums with 10%-20% concentration accounted for most of the market share in 2023. Their ideal ratio of safety to potency accounts for this. To minimize the risk of irritation associated with greater concentrations, this range offers optimal effectiveness in addressing skincare conditions like hyperpigmentation and aging
• Demand for luxury vitamin C serums is set to expand rapidly from 2024 to 2030. Luxury skincare products are becoming increasingly common due to middle-class and high-net-worth consumers' increased willingness to spend on high-end cosmetics. Tatcha and other brands leverage their successful marketing methods to drive demand and attraction in the premium cosmetics industry by providing excellent ingredients, creative packaging, and individualized customer engagement through social media
• Sales of vitamin C serum through hypermarkets and supermarkets accounted for most of the market share in 2023. Supermarkets and hypermarkets are gradually becoming trusted beauty retail spaces by offering an extensive range of skincare and cosmetics products. These establishments prioritize visual merchandising and categorization to create an appealing beauty shopping experience
• The Asia Pacific market is expected to grow rapidly from 2024 to 2030. The Asia Pacific skincare market is expanding due to growing consumer demand for prestige and mass-market beauty products, fueled by a growing middle class, increased accessibility to products, and societal emphasis on beauty

Vitamin C Serum Market Segmentation

Grand View Research has segmented the global vitamin C serum market based on concentration, type, distribution channel, and region:

Vitamin C Serum Concentration Outlook (Revenue, USD Billion, 2018 – 2030­)

• Below 10%
• 10% to 20%
• 20% and Above

Vitamin C Serum Type Outlook (Revenue, USD Billion, 2018 – 2030­)

• Mass
• Premium
• Luxury

Vitamin C Serum Distribution Channel Outlook (Revenue, USD Billion, 2018 – 2030­)

• Hypermarkets & Supermarkets
• Specialty Stores
• Pharmacies & Drugstores
• Online
• Others

Vitamin C Serum Regional Outlook (Revenue, USD Billion, 2018 – 2030­)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players in Vitamin C Serum Market

• L'Oréal S.A.
• Galderma S.A. 
• Amorepacific Group Inc.
• KOSÉ Corporation
• Clarins Inc.
• Unilever plc
• Shiseido Company Limited
• Beiersdorf AG 
• Estée Lauder Companies Inc.
• Procter & Gamble Co.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/vitamin-c-serum-market-report  

Specialty Fats And Oils Market Growth & Trends

The global specialty fats and oils market size is expected to reach USD 23.78 Billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.4% from 2024 to 2030. The specialty fats and oils market is experiencing significant growth due to an increasing demand for processed foods and convenience products among consumers worldwide. This trend is particularly prevalent in urban areas, where busy lifestyles and rising disposable incomes steer consumers towards ready-to-eat and packaged foods. Specialty fats and oils, offering tailored functionalities, flavors, and nutritional profiles, are integral to developing and enhancing these food products. Moreover, the versatility of these fats and oils makes them suitable for a wide range of applications, from baking and frying to confectionery and dairy products, further propelling their demand in the food processing industry.

In addition to the food sector, the demand in the personal care and cosmetics industry is bolstering the specialty fats and oils market. These ingredients are highly valued for their emollient properties, stability, and ability to act as carriers for other components, which makes them essential in the formulation of skincare, haircare, and cosmetic products. The growing consumer awareness of natural and organic ingredients, coupled with a willingness to spend on high-quality personal care products, contributes significantly to this market expansion.

Furthermore, advancements in technology and innovation in the extraction, processing, and application of specialty fats and oils play a crucial role. Manufacturers are continuously seeking new methods to improve their products' functionality, health benefits, and sustainability, responding to the evolving demands of consumers and regulatory bodies. The development of non-hydrogenated, trans-fat-free, and low-saturated fat products illustrates the industry's adaptation to health-conscious trends. Environmental concerns and the sustainable sourcing of raw materials influence market dynamics, with a pronounced shift towards more eco-friendly and ethically produced specialty fats and oils. This combination of technological, consumer, and environmental factors is shaping the growth and future direction of the specialty fats and oils market.

The expanding food industry and ongoing product innovations significantly propel the specialty fats and oils market. As food manufacturers strive to meet evolving consumer demands for taste, texture, and nutritional value, they increasingly turn to specialty fats and oils as crucial ingredients. These components allow for the creation of novel food products with improved functionality, stability, and sensory attributes. From enhancing the mouthfeel of low-fat products to extending shelf life and providing specific melting profiles for confectionery, specialty fats and oils enable food companies to differentiate their offerings in a competitive marketplace. This constant push for innovation drives research and development efforts, leading to the introduction of new specialty fat and oil formulations tailored to specific applications, further expanding the market's potential and encouraging growth across various food categories. In August 2023, AAK, a provider of plant-based fats & oil, introduced Cebes choco 15, a patented blend that can enhance the cocoa flavor in baked goods by incorporating up to 15% cocoa ingredients.

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Specialty Fats And Oils Market Report Highlights

• Based on product type, specialty oils possess segment held a revenue share of 72.3% in 2023, due to the rising popularity of plant-based diets and the growing awareness of their health benefits, such as omega-3 fatty acids. Furthermore, the expanding applications of specialty oils in cosmetics, pharmaceuticals, and biofuels contribute significantly to market growth, driven by their functional properties and sustainability advantages.
• On the other hand, specialty fats segment is expected to witness a CAGR of 7.5% during 2024 to 2030, owing to its versatility in enhancing texture, stability, and nutritional profiles of food products, meeting consumer preferences for healthier alternatives. Additionally, their increasing use in confectionery, bakery, and dairy industries to improve product quality and shelf life further boosts market growth.
• In terms of application, confectionery possesses segment a share of 54.5% in 2023. The demand for specialty fats and oils in the bakery and confectionery industry is driven by their ability to enhance product texture, mouthfeel, and shelf life. Additionally, consumer preferences for healthier alternatives and the versatility of specialty fats and oils to meet specific dietary and functional requirements further stimulate market growth in this sector.
• Europe held a market share of 21.6% in 2023, owing to the growing demand for high-quality, healthier alternatives to conventional fats and oils, along with the burgeoning food industry needing specialized fats for various applications. Moreover, stringent EU regulations on food safety and sustainability are pushing manufacturers towards sustainable sourcing and production practices, further fueling the market growth.
• Asia-Pacific is expected to grow at a CAGR 8.0% during 2024 to 2030, due the rising demand for processed foods and the growing confectionery and bakery industries. Additionally, increased health awareness and the shift towards healthier dietary fats contribute to market growth in this region.

Regional Insights

In 2023, the specialty fats and oils market in North America captured a revenue share of 23.9%, owing to the increasing consumer demand for healthier alternatives in food products, such as low-trans-fat and non-GMO options. Additionally, technological advancements in processing methods and growing applications in industries like confectionery and bakery also contribute to market growth.

U.S. Specialty Fats And Oils Market Trends

The specialty fats and oils market in the U.S. accounted for a notable revenue share in 2023. In the U.S., factors driving the market include the rising popularity of plant-based diets and the consequent demand for plant-derived oils like coconut and avocado oil. Moreover, innovations in the cosmetics and personal care industry, where specialty fats and oils are used as key ingredients, contribute significantly to market expansion.

Specialty Fats And Oils Market Segmentation

Grand View Research has segmented the specialty fats and oils market report based on product type, application, and region:

Specialty Fats And Oils Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Specialty Oils
• Specialty Fats

Specialty Fats And Oils Application Outlook (Revenue, USD Million, 2018 - 2030)

• Confectionery
• Dairy

Specialty Fats And Oils Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players of Specialty Fats And Oils Market

• Bunge Limited
• Wilmar International Limited
• Golden Agri-Resources Ltd
• Kuala Lumpur Kepong Berhad
• Sime Darby Plantation Sdn Bhd
• Cargill
• Liberty Oil Mills Ltd.
• Henry Lamotte Oils GmbH
• Savola Group
• IOI Corporation

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/specialty-fats-oils-market-report

Avocado Oil Spray Market Growth & Trends

The global avocado oil spray market size is expected to reach USD 524.9 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.6% from 2024 to 2030. The industry is anticipated to witness significant demand in future. Avocado oil’s rich nutritional profile, including monounsaturated fats and antioxidants, makes it a popular choice among health-conscious individuals. Its high smoke point and versatility in culinary applications have further boosted its appeal. As consumers shift towards organic and natural products, avocado oil spray has positioned itself as a premium, health-forward option in the cooking oil market.

Consumer behavior is a key factor propelling the avocado oil spray industry. Modern consumers are more informed about the health impacts of their dietary choices and actively seek products that offer both health benefits and convenience. The preference for non-GMO, preservative-free, and sustainably sourced products has pushed manufacturers to adhere to high standards. The convenience of spray application, which ensures even coating and reduces waste, resonates well with busy, health-conscious consumers.

The ongoing trend towards plant-based diets has heightened interest in plant-derived oils. Secondly, the multifunctional use of avocado oil, both in cooking and skincare, broadens its consumer base. Also, strategic marketing campaigns and endorsements by chefs and influencers have significantly boosted product visibility. Lastly, the growth of the e-commerce sector has made it easier for consumers to access and purchase these premium products.

Innovative formulations and packaging solutions are also propelling the avocado oil spray market forward. Brands are experimenting with exotic plant extracts and unique blends to differentiate their offerings and cater to diverse skin types and concerns. Eco-friendly packaging is another area of focus, with many companies adopting recyclable and biodegradable materials to reduce their environmental footprint. These innovations not only enhance the product’s appeal but also demonstrate a commitment to sustainability, resonating with eco-conscious consumers and further driving market growth.

This growth is also attributed to the rising global trend of health and wellness, which prioritizes clean and nutritious food ingredients. Innovations in packaging, such as eco-friendly spray bottles, and expanding product lines to include flavored options are expected to drive market expansion. In addition, increased consumer spending power and the popularity of international cuisines contribute to market growth.

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Avocado Oil Spray Market Report Highlights

• Conventional avocado oil spray accounted for the majority of the market share in 2023. It offers a convenient cooking solution with a high smoke point and neutral taste, appealing to both home cooks and professional chefs alike
• Demand for cold-pressed avocado oil spray is set to expand rapidly from 2024 to 2030. Cold-pressed extraction involves minimal heat, preserving the oil's beneficial compounds like vitamins and antioxidants. This method appeals to health-conscious consumers seeking oils with minimal processing and maximum nutritional benefits
• Sales of avocado oil spray through hypermarkets and supermarkets accounted for the majority of the market share in 2023. With major chains such as Walmart serving millions of customers daily across thousands of stores worldwide, these retail giants offer unmatched accessibility and availability of products such as avocado oil spray
• The Asia Pacific avocado oil spray market is expected to grow rapidly from 2024 to 2030. There is an increasing awareness of healthy lifestyles and the growing popularity of international cuisines in the region. Its lightweight, non-greasy texture appeals to consumers seeking healthier alternatives to traditional oils

Avocado Oil Spray Market Segmentation

Grand View Research has segmented the Avocado Oil Spray market on the basis of nature, type, distribution channel, and region

Avocado Oil Spray Nature Outlook (Revenue, USD Million, 2018 - 2030)

• Conventional
• Organic

Avocado Oil Spray Type Outlook (Revenue, USD Million, 2018 - 2030)

• Refined
• Cold-Pressed

Avocado Oil Spray Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hypermarkets & Supermarkets
• Convenience Stores
• Online
• Others

Avocado Oil Spray Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players in the Avocado Oil Spray Market

• La Tourangelle
• Chosen Foods LLC
• BetterBody Foods
• POMPEIAN
• BJ's Wholesale Club 
• Amazon Fresh
• Primal Kitchen
• Mantova Fine Italian Food
• Simply Nature
• ConAgra Foods

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/avocado-oil-spray-market-report

The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period.

Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable material. Automotive applications of the product include fuel tanks, trim, gaskets, suspension systems, and bodies of the buses.

Characteristics of diverse stainless steel materials depending upon the application make them advantageous and preferable when compared to other materials. This is a major reason for their growing demand. For example, if we compare steel and aluminum since they are often considered alternatives in many applications, steel is preferable over aluminum because of its low cost, strength, and less likely to damp, bent, or warp.

Numerous applications have propelled the demand for stainless steel during these years and by enlargement in the end-use industries, the need for these materials is expected to increase further at a rapid rate. As a result, the production of the commodity is carried out on a large scale where iron ore is the key raw material. This ore is mined from the earth’s crust.

The increasing demand together with certain disadvantages, associated with conventional production processes such as the negative environmental effect of iron ore mining, has compelled vendors to opt for an alternative step, which is recycling. The phenomenal property of stainless steel can be recycled frequently without having any impact on the quality eventually promoting the stainless steel scrap industry.

Stainless steel scrap recycling has various benefits economically and environmental. Every ton of recycled steel saves 1.5 tons of iron ore, and 0.5 tons of coal, and reduces water consumption by 40.0%. In addition, carbon dioxide emissions are reduced by 50-60%. As a result, the advantages of metal recycling along with increasing demand for stainless steel in end-use applications are propelling the growth of the stainless steel market.

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Stainless Steel Market Report Highlights

• In terms of revenue, the Asia Pacific was the largest region in 2023 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2023 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
• The 300 series segment held the largest share of over 59.0% in 2023. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
• Flat products accounted for a revenue share of more than 73% in 2023 and is likely to dominate the market over the forecast period. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
• Building & construction application segment is likely to observe a lucrative growth of 7.6% during the forecast period on account of massive investment in infrastructure and housing sectors by the countries such as the U.S., China, and India
• The competitive rivalry within the industry is projected to increase with rising mergers & acquisitions, capacity expansion, in addition to network distribution

Stainless Steel Market Segmentation

Grand View Research has segmented the global stainless steel market on the basis of on grade, product, application, and region:

Stainless Steel Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• 200 Series
• 300 Series
• 400 Series
• Duplex Series
• Others

Stainless Steel Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Flat
• Long

Stainless Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Mechanical Engineering & Heavy Industries
• Electronic Appliances
• Food Manufacturing
• Others

Stainless Steel Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

List of Key Players in the Stainless Steel Market

• Acerinox S.A.
• Aperam Stainless
• ArcelorMittal
• Baosteel Group
• Jindal Stainless
• Nippon Steel Corporation
• Outokumpu
• POSCO
• ThyssenKrupp Stainless GmbH
• Yieh United Steel Corp.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/stainless-steel-market

Neurovascular Devices Market Growth & Trends

The global neurovascular devices market size is anticipated to reach USD 4.53 billion by 2030, registering a CAGR of 6.01% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of neurological illnesses such as stroke, brain aneurysm, and cerebral artery stenosis is driving growth of the neurovascular devices market. According to the World Stroke Organization (WSO), in 2022, there will be more than 12.2 million new strokes per year.

One in every four adults above the age of 25 will suffer a stroke throughout their lifetime. In addition, nearly 7.6 million new ischemic strokes occur each year. Around 62.0% of all incident strokes worldwide are ischemic strokes, with more than 1.2 million new subarachnoid hemorrhages occurring each year. As a result, the figures show that there is a significant demand for the neurovascular devices, which is driving neurovascular device market expansion.

The rising prevalence of brain aneurysms in both developed and developing countries is driving the introduction of technologically advanced products to the market. Some significant therapeutic techniques for an intracranial aneurysm include surgical clipping, endovascular coiling, and flow diverters. Market participants are constantly working to introduce technologically advanced products to the market.

For instance, in September 2021, Medtronic plc. announced the CE Mark clearance of its radial artery access portfolio, which comprises the Rist 079 Access Radial Guide Catheter and the Access Rist Radial Selective Catheter. Furthermore, in March 2022, Micro Port Scientific Company announced that its Hyper flex Balloon Catheter has received registration approval from the Japan Pharmaceuticals and Medical Devices Agency (PMDA).

Reduced postoperative discomfort and faster recovery are the factors expanding use of the minimally invasive operations and fueling R&D in this field. Endovascular coiling is a minimally invasive surgery that is frequently suggested by the clinicians for the treatment of cerebral aneurysms. Hydro Coils (MicroVention, Tustin, California, USA) have permitted the treatment of more complex aneurysmal structures with reduced recurrence rates as compared to bare-platinum coils. As a result, increased demand for the minimally invasive procedures is supporting neurovascular device market expansion.

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Neurovascular Devices Market Report Highlights

• In 2022, cerebral embolization and aneurysm coiling devices dominated the neurovascular devices market with a market share of 34.79%. As the prevalence of cerebral artery stenosis rises, major players are introducing more technologically advanced products
• Based on therapeutic application, stroke segment dominated the market in 2022 with a market share of 57.10% due to the increasing prevalence of stroke, globally. The increasing frequency of strokes around the world has resulted in a significant demand for the management of these cases, necessitating the intensive use of neurovascular devices
• Among size, 0.021" held a majority market share of 27.26% in the year 2022. This is due to 0.021” size products are preferred over others owing to superior flow rates and embolic compatibility
• Among end use, hospitals held a majority market share of 70.97% in the year 2022. Increasing number of patients being admitted to the hospitals due to the surgeries, therapies, and treatments is expected to favor the neurovascular device market. Thus, subsequent increase in number of patients across the globe, launch of technologically advanced products, and favorable reimbursement policies are leading to a growing demand for the hospital treatments
• North America led the market with the maximum revenue share of 26.44% in 2022. Rising demand for the minimally invasive surgeries, and increasing government initiative for improving healthcare infrastructures are among the key factors driving the market growth. In addition, technological advancement and innovation of new noninvasive techniques will create lucrative opportunities for the segment

Regional Insights

North America dominated the neurovascular devices market with the share of 26.44% in 2022 owing to the presence of key manufacturers such as Penumbra, Inc., Stryker Corporation, Johnson & Johnson, and Merit medical systems, Inc. in the region. In February 2023, Phenox Inc. stated that their pRESET Thrombectomy Device has been cleared by the FDA for use in the treatment of acute ischemic stroke. The product pRESET, which has been marketed in Europe for more than  a decade, has now been approved for use in the U.S. Furthermore, rising prevalence of neurological disorders, and increasing demand for the minimally invasive surgical procedures are driving the neurovascular devices market growth in this region.

Neurovascular Devices Market Segmentation

Grand View Research has segmented the global neurovascular devices market based on the device, therapeutic application, size, end use, and regions:

Neurovascular Devices Device Outlook (Revenue USD Million; Volume Unit; 2018 - 2030)

• Cerebral Embolization and Aneurysm Coiling Devices
• Cerebral Angioplasty and Stenting Systems
• Neurothrombectomy Devices
• Support Devices
• Trans Radial Access Devices

Neurovascular Devices Therapeutic Application Outlook (Revenue USD Million; 2018 - 2030)

• Stroke
• Cerebral Artery
• Cerebral Aneurysm
• Others

Neurovascular Devices Size (in Inches) Outlook (Revenue USD Million; 2018 - 2030)

• 0.027"
• 0.021"
• 0.071"
• 0.017"
• 0.019"
• 0.013"
• 0.058"
• 0.068"
• Others

Neurovascular Devices End Use Outlook (Revenue USD Million; 2018 - 2030)

• Hospitals
• Specialty Clinics
• Others

Neurovascular Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players In Neurovascular Devices Market

• Medtronic
• Johnson and Johnson Services Inc.
• Penumbra, Inc.
• Micro port Scientific Corporation
• Stryker
• Microvention Inc. (Terumo Corporation)
• Codman Neuro (Integra Life sciences)

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/neurovascular-devices-market