Kidney Disease Market Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Application
The global kidney disease market is expected to witness significant growth during the forecast period. As per the reports of the CDC, it is expected that more than 37 million people in the U.S. suffer from CKD, whereas globally, more than 500 million people are affected. An increasing number of patients suffering from kidney failure is projected to drive the market.
Data Bridge Market Research analyses a growth rate in the global kidney disease market in the forecast period 2022-2029. The expected CAGR of the global kidney disease market tends to be around 5.50% in the mentioned forecast period. The market was valued at USD 96.72 billion in 2021, and it would grow up to USD 148.43 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Kidney disease damages the nephron, unable for the kidney to function to remove the waste product from the body. The disease can cause other severe problems such as hypertension, kidney failure, brain aneurysm, and chronic pain. Other symptoms include blood in urine, kidney stones, urinary tract or kidney infections, and back or side pain. It may develop over many years and lead to end-stage kidney (or renal) disease (ESRD). It has become a massive public health issue.
Key players operating in the global kidney disease market include:
Pfizer Inc (U.S.)
AstraZeneca (U.K.)
Bristol-Myers Squibb Company (U.S.)
Allergan,Inc (Ireland)
Dr. Reddy's Laboratories Ltd (India)
Endo International plc (Ireland)
Teva Pharmaceutical Industries Ltd (Israel)
Sun Pharmaceutical Industries Ltd (India)
Global Kidney Disease Market Dynamics
Drivers
Increased Incidence of Kidney Diseases
The rising incidence of chronic kidney disease globally is majorly responsible for boosting the growth of the global renal drugs market. According to the National Kidney Foundation records, nearly 10% of the global population is affected by chronic kidney disease (CKD). As per WHO facts 2019, about 1.13 billion people worldwide have hypertension. In 2014–2016, diabetes and hypertension were responsible for around 75% of kidney failure. Thus, it boosts market growth.
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Technological Advancements
There have been many advances concerning diagnostic and treatment procedures that are boosting the market growth. For instance, in April 2020, FMCNA established the National Intensive Renal Care Reserve, which comprised devices that can deliver CRRT, IHD, and SLED/PIRRT. Any such conditions that cause reduced kidney function lead to chronic kidney disease (CKD), which may develop over a period and lead to end-stage renal kidney disease where the kidney can no longer function independently.
Opportunities
Increased Demands For Blood Tests
Among the major tests, the foremost test for the diagnosis of kidney disease includes a blood test, which helps understand how well the kidneys work. It measures levels of a waste product called creatinine in the blood. Furthermore, the demand for these tests is projected to increase as the incidence of CKD is high and growing in many parts of the world. The global incidence of end-stage renal disease (ESRD) is high and growing at a significant rate. Thus, it creates more opportunities for market growth.
Increasing Demand for Hospitals
The presence of a large number of hospitals in the U.S., combined with a well-developed healthcare infrastructure, is another factor contributing to market growth. For instance, as per the American Hospital Association, there were around 208 federal government hospitals, 6,090 community hospitals, and 625 nonfederal psychiatric hospitals in the U.S. Major increase in the number of hospital admissions for acute kidney disease is boosting the demand for dialysis as well as transplant, thereby boosting the market growth.
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Hydrolyzed Whey: Redefining the Protein Landscape
The Demand for Hydrolyzed Whey Protein Market is set to grow at a robust 5.6% CAGR, valued at $8175.5 million by 2033, driven by fitness trends, increased health awareness, and expanded use in various industries like cosmetics and baking.
The Demand for Hydrolyzed Whey Protein Market is predicted to develop at a 5.6% CAGR from 2023 to 2033, exceeding the lower 2.3% CAGR witnessed between 2018 and 2022. The market value is anticipated to rise from US$ 4749.7 million in 2023 to US$ 8175.5 million by 2033.
Fitness facilities, retail accessibility, and health consciousness are the market drivers for hydrolyzed whey protein.
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Key Takeaways
India’s hydrolyzed whey protein industry is estimated to thrive at a CAGR of 4.5% by 2033, owing to rising health consciousness and increased demand for fitness supplements.
The hydrolyzed whey protein sector in the United Kingdom is expected to expand at a 3.3% CAGR by 2033, owing to a growing emphasis on sports nutrition and an ever-increasing preference for protein-rich dietary supplements.
The market for hydrolyzed whey protein in China is predicted to expand rapidly, with a CAGR of 5.4% by 2033, thanks to factors such as a rising fitness culture, rising disposable incomes, and more excellent consumer knowledge of the advantages of protein supplements.
The gradual transition to healthy lifestyles and a rising emphasis on sports and fitness activities are likely to propel Australia’s hydrolyzed whey protein market to modest growth at a CAGR of 0.9% by 2033.
The market for hydrolyzed whey protein in Japan is expected to expand at a CAGR of 3.4% by 2033 due to an aging population increasingly looking for protein supplements to preserve muscular health and general well-being.
Competitive Landscape
Companies always work to create new hydrolyzed whey protein products with superior formulas, improved taste profiles, and increased nutritional advantages, which play a significant role in the competitive environment. Companies also spend money on research and development to look at how hydrolyzed whey protein might be used in a variety of fields, including nutritional supplements, baby nutrition, and sports nutrition.
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Recent Developments
Innovating new products and broadening its product offering have been top priorities for Glanbia. Advanced hydrolyzed whey protein products that are tailored to the needs of athletes and fitness buffs have been introduced. These goods are made to offer quick-absorbing protein with improved bioavailability, which helps with muscle repair and development.
In April 2019, Saputo Inc. acquired the United Kingdom-based dairy products business Dairy Crest Group P.L.C. The former completed the transaction to
Key Segments Profiled in the Hydrolyzed Whey Protein Market
By Product Form:
Capsulated
Powdered
By Application:
Dietary Supplements
Food & Beverages
Pharmaceuticals
Personal Care
By Sales Channel:
Direct Sales
Indirect Sales
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Nutty Elixirs: Exploring the Almond Drink Craze
The Almond Drink Market valued at $4538 million in 2022, is projected to hit $7489 million by 2032, showcasing a steady 6.5% CAGR. Almond drinks, favored for their creamy texture and lactose-free nature, cater to lactose intolerant individuals and vegans, contributing to their rising popularity, notably brands like Almond Breeze and Silk Pure Almond. Their widespread adoption has significantly boosted sales, establishing almond drinks as a leading global milk substitute.
The global market for almond drinks was valued at US$ 4538 million in 2022. It is projected that the market would grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2032, or around US$ 7489 million. Moving forward, these two crucial factors will contribute to the increased demand in almond drinks.
Almond cocktails are made with ground almonds, which have a nutty flavour and creamy texture.Almond drinks are a great option for those who are lactose intolerant or avoid dairy products, especially vegans, as they don't contain lactose. The two most widely consumed almond drinks worldwide are Silk Pure Almond from White Wave Food and Almond Breeze from Blue Diamond. Since almond milk is the most popular milk alternative in the world, sales of almond drinks have increased dramatically.
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Dietary restrictions may also be playing a vital role in the rise of almond drinks in the recent past, as the drinks lacks high amount of lactose as compared with traditional milk and milk-based products. Almond drinks are rich in protein and is calcium fortified drinks. Almond drinks are contains low calories which helps in reducing the risk of heart disease.
Almond drinks consists high amount of lipids, proteins and fibers which makes it a healthy drink and is mostly consumed by people that are lactose intolerant and others. Almond drinks also contains essential nutrients such as vitamin B6 and C, riboflavin, etc.
Global Almond Drink Market: Key Players
Some of the key players identified across the value chain of the global almond drink market include Fuerst Day Lawson, The Pressery, THE LUZ ALMOND COMPANY PTY LTD, Alpro, Provamel, MALK Organics, DREAM, Nutriops S,L, NATURA FOODS, Rude Health, Blue Diamond Growers are among others.
The companies are expected to expand their business by enhancing their product portfolio in global almond drink market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global almond drink market till 2025.
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Regional analysis for Almond drink Market includes:
North America
Latin America
Europe
Asia Pacific & Japan
The Middle East and Africa
Global Almond Drink: Market Segmentation
The global almond drink market is segmented on the basis of form, flavor, distribution channel, application and region.
Almond drink market is segmented on the basis of form
plain unsweetened form
plain sweetened form
Almond drink market is segmented on the basis of flavor
chocolate
vanilla
Almond drink market is segmented on the basis of distribution channel
online stores
supermarket/hypermarket
retail stores
others
Almond drink market is segmented on the basis of application
cheese
desserts
snacks
beverages
cold-pressed milks
others
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