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Global licorice candy market is projected to grow at a CAGR of ~5.7% between 2020 and 2030. Future Market Insights (FMI) has projected the sales of licorice candy to surge in sync with natural food category. The market is expected to gain an edge with the medical community becoming more absorbent with the holistic benefits of licorice. Spurred by these factors, FMI projects the licorice candy market to surpass US$ 250 Mn by the end of 2020.

These candies are available in different colors and attractive shapes, which are intended to attract consumers. Besides its colorful appearance and interesting shapes, licorice candies are known to ease pain of ulcers. They also help in improving resistance to stress. Awareness regarding a plethora of health benefits of licorice candy will fuel its demand in the near future.

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With focus on preventive healthcare rising, healthcare products will be more frequently launched. FMI expects this trend to create favorable growth opportunities for the market.

Key Takeaways from the Licorice Candy Market Study

• The rising focus on making confectionery items healthier will aid growth in the licorice candy market. In addition to this, attractive packaging of candies will remain a key growth enabler
• Demand from restaurants and hotels is expected to rise at a higher rate, yet household consumption will account for dominant share
•  The increasing demand for the sugar-free candy is creating lucrative growth prospects

Rising Demand for Sugar Confectionery Products to Propel Growth

The demand for licorice candies is expected to rise on account of the expansion of the bakery and confectionery segment. Licorice candies are highly preferred by baby boomers and millennial. With the key players offering licorice candy in a wide range of flavors such as strawberry, raspberry and others, a demand uptick is most likely.

Licorice candies are often made from ingredients that have anti –diabetic effect. These ingredients can help in reducing blood sugar, besides possessing anti-inflammatory properties. To make their products more attractive to younger generation, there is immense focus on innovative packing among market players. Spurred by these factors, the licorice candy market will exhibit sustainable growth in the coming years.

“Licorice candy market is gaining traction due to the increasing demand for confectionery goods. In addition to this, rising demand from schools and institutions, restaurant, hotels and other segments, besides household consumption will create favorable opportunities for growth” says an FMI analyst

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Who is winning?

Some of the key players in the licorice candy market are The Old Time Candy Company, Kookaburra Liquorice, Red Vines and Gimbal’s Fine Candy and the emerging competitors are Darrell Lea, AirHeads, Kenny’s Candy Company, Inc., Candy Crate Inc., Switzer’s Authentic American Licorice Company, Sweet Gourmet, The Hershey Company, Candy, Kenny’s Candy, RJ’s Licorice and others.

The key manufactures are focusing on the acquisition of local businesses to expand their footprint and product offering. Besides this, acquisition often allows them to gain competitive advantage.

Some of the recent examples of their expansion strategies are:

• In December 2019, Jelly Candy acquired the most reputed brand “Scottie Dogs licorice” of Gimbal’s jelly bean Gimbal Brothers, LLC to build its portfolio of confectionery and snack brand.
• In 2018, The Old Time Candy Company offered licorice candies with different candy gifts such as “ subscription boxes”, “ personalized candy  bar wrappers” “ corporate gifts and others.

Market Segmentation

The global licorice candy market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

• Original Black Licorice
• Fruit Flavored Candy
• Apple
• Anise
• Grape
• Cinnamon
• Grape
• Strawberry
• Others

By Application

• Restaurants and Hotels
• Schools and Institutions
• Recreational and Sports Centers
• Household Consumption
• Others

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Packaging

• Cans
• Jars
• Bottles
• Others

Sales Channel

• Direct Sales
• Indirect Sales
• Modern Trade
• Convenience Store
• Departmental Store
• Online Retailers
• Traditional Grocery Store
• Other Channels

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Licorice Candy Market Outlook & Key Findings

• Future Market Insights (FMI) projects the global licorice candies market to surpass US$ 250 Mn by 2020 end
• While traditional licorice lovers are likely to exhibit demand for red and black varieties, newer users desire innovations in flavors, size, and texture
• Clean label licorice candies are likely to sweep the market. Citing this, FMI projects the licorice candy market to rise at 5.7% CAGR between 2020 and 2030
• Better acceptance to holistic benefits of licorice candies from medical community and its prescription will give considerable impetus
• FMI expects entry of established and large F&B companies in the market over the span for next three years

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8 years.

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The global deodorization systems market size is expected to reach US$ 5.2 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 3.4% CAGR between 2020 and 2030. According to the report, the market is anticipated to grow in the forecast period owing to improvements in the quality of deodorization system coupled with the increasing demand of the deodorizers from oil industries.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Some of the players operating in the global deodorization systems market include Desmet Ballestra (Belgium), Gianazza International S.p.A. (Italy), Crown Iron Works (US), DVC Process Technologists Pvt. Ltd. (India), Alfa Laval AB (Sweden), Zhengzhou Sunshine Machinery Co. Inc. (China), and Gianazza International S.p.A. (Italy). The manufacturers are highly focused on taking development and marketing strategy to boost this market’s growth.

During the forecast period, the chemical refining segment is expected to hold the largest share in the deodorization systems market as it is a fairly efficient method of reducing the fatty acid content in crude oil with higher boiling point.

This process is used to treat high free fatty acid content in the oil. Chemical refining is performed to extract the fatty acids from the crude oil that are then neutralized using caustic soda. It results in batch settling or centrifugal separators separating the sodium soaps. Then, the neutral oils are bleached and deodorised.

It includes in-depth insights into the deodorization systems market. Some of these are:

• The estimated value of the market was at US$ 3.7 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia Pacific accounts for the largest share in the global deodorization systems market due to the high industrial growth potential and industry favorable policies.
• The growth in manufacturing sector and upcoming demand for hybridization of algal oils with regular oils is likely to showcase growth opportunities for the deodorization system market during the forecast period.
• In the near future, the continuous segment will account for maximum share in the global demand for deodorization systems.
• Rising equipment exports and increased demand for edible oil are some of the main factors that will increase the growth of this market in the near future.

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Variation in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

As the coronavirus outbreak continues to develop, now is the time for food and beverage companies to consider response actions to help mitigate their risk and prepare for how they will deal with the fallout from the coronavirus. An effective plan should include establishing an interdisciplinary crisis response team to identify, assess and manage the risk presented. The team should include personnel from purchasing, operations, quality, regulatory, finance and legal. Coronavirus outbreak had a considerable impact on consumption pattern of buyers. This will invariably impact growth forecasts for the market.

Who is Winning?

Some of the players functioning in the global deodorization systems market include Desmet Ballestra (Belgium), Gianazza International S.p.A. (Italy), Crown Iron Works (US), DVC Process Technologists Pvt. Ltd. (India), Alfa Laval AB (Sweden), Zhengzhou Sunshine Machinery Co. Inc. (China), and Gianazza International S.p.A. (Italy). The manufacturers are highly focused on implementing creation and marketing strategy to stimulate this market’s growth.

Besides that, mergers and acquisitions continue to be a common strategy among market players. With strategic partnerships, corporations plan to extend their regional footprint.

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DEODORIZATION SYSTEMS MARKET TAXONOMY

The global Deodorization Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Component

• Pumps
• Towers
• Coolers
• Oil & Management Systems
• Tanks

Technology

• Thin Film
• Packed Column

Refining Method

• Physical Refining
• Chemical Refining

Edible Oil

• Soybean Oil
• Olive Oil
• Peanut Oil
• Canola Oil
• Sunflower Oil
• Palm Kernel Oil
• Cottonseed Oil
• Coconut Oil
• Palm Oil

Operation

• Batch Deodorization Systems
• Semi- Continuous System
• Continuous Deodorization Systems

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

KEY RESEARCH FINDINGS

• Deodorization systems help in refining edible oils and fats. It’s a multi-step process which includes oil desecration, heating and cooling, deodorization-de acidification, and vapour scrubbing systems
• Coconut oil, palm oil, olive oil, mustard seed oil, peanut oil, soybean oil, and sunflower are some of the oil which can be refined by deodorization process
• Key factors contributing to the growth of the global deodorization systems market are growing environmental issues, rising industrialization, increasing market awareness and the inclination of producers towards cost-effectiveness
• The chemical processing industry is expected to account for the leading share in the global deodorisation systems market
• Among edible oil types, palm oil accounted for higher share the global deodorization systems market.
• The Asia Pacific market is expected to rise at the highest CAGR due to the remarkable expansion of the food and beverage and industry in countries such as India, China, Indonesia, Vietnam, South Korea, Thailand and Malaysia.

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The global Blockchain in agriculture market size is expected to reach US$ 2068.5 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 41.00% CAGR between 2019 and 2029. According to the report, increasing cases of food contamination and food scams in the agricultural sector giving rise to growth of transparent supply chain methods; this factor is expected to act as a driver for the market growth.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations. According to the FAO, about one-third of the food produced worldwide is wasted each year, which calls for a need to estimate and control the real supply and demand of food items so that they reach the poor. These problems can be tackled easily and efficiently using the blockchain network.

It includes in-depth insights into the blockchain in agriculture market. Some of these are:

• The estimated value of the market was at US$ 66.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia Pacific is a leading producer of farm products and foodstuffs. Which means the risk of food contamination and fraud in the supply chain in this area is higher.
• The majority of Asia-Pacific countries export their food products to other nations. For example, most Asian countries export fruits and vegetables to European countries, as the highest food traceability requirements in this area are being witnessed.
• During the forecast era, the application and solution provider segment is expected to rise to the highest CAGR.
• The hacking and piracy of information available on blockchain networks is likely to curb business growth.
• In terms of provider, the middleware provider segment is forecast to remain dominant through the course of the report’s forecast period.

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Production and Distribution Impacted Due to COVID-19 Outbreak

A preliminary picture of the aftermath emerges with the global pandemic of COVID-19 causing an ongoing crisis, of late. Stay-at-home orders and full lockdowns that initially resulted in a sudden increase in the blockchain consumer footprints on the agricultural sector, culminating in many logistical challenges and then a normal sales drop. Market scenes of growth, distribution, sales, and import-export are thus largely hampered. The novel coronavirus epidemic has undoubtedly led to a slump in sales, not because of the scanty stock but because of the disconcerted production and distribution chains.

Who is Winning?

The key players in the global blockchain in agriculture market include BM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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BLOCKCHAIN IN AGRICULTURE MARKET TAXONOMY

The global Blockchain in Agriculture market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Provider

• Application and solution provider
• Middleware provider
• Infrastructure and protocol provider

Application

• Product traceability,  tracking, and  visibility
• Payment and settlement
• Smart contracts
• Governance, risk and compliance management

Organization size

• Large enterprises
• Small and medium-sized (SMEs) enterprises

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

BLOCKCHAIN IN AGRICULTURE MARKET – KEY RESEARCH FINDINGS

• The blockchain in agriculture market will surge at a remakable CAGR of 41.0% between 2019 and 2029.
• The large enterprises segment dominated the blockchain in agriculture market.
• The product traceability, tracking, and visibility segment held the largest share, and it is expected to remain dominant through the forecast period owing to factors such as an increase in investments for food safety and transparency along the supply chain and consumer demands for the knowledge of the provenance of food products.
• North America accounts for the largest share of the global blockchain in the agricultural market owing to the presence of major companies such as IBM and Microsoft in the U.S.
• Increasing investment from various stakeholders and government to support exploration and adoption of new technologies is expected to drive the blockchain in India’s agricultural market.

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The global powder induction and dispersion systems market size is expected to reach US$ 3210.1 Mn by the end of 2029. According to the report, market is expected to expand rapidly in the target market in the coming years due to rapid industrialization, which in turn increases demand for powder induction and dispersion, supports revenue growth for powder induction and dispersion. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Powder induction and dispersion system is a highly efficient and versatile powder system that helps remove the formation of dust which may contaminate food products. This therefore makes the environment around the machine clean and safe  hence saving money by reducing the loss of power. Preferably these systems are used for processing nutrients of all kinds.

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As COVID-19 spreads around the world, the powder induction and dispersion systems market will continue to experience disruption. In addition, evidence of global supply chain issues can be seen as year-to-date imports. The supply of these goods will suffer as demand is likely to drop in response to the curbs implemented to contain the spread of the virus.

Shutdowns Due to COVID-19 Outbreak will Negatively Impact Growth

Coronavirus outbreak has resulted in sharp decline in consumer demand which in turn, will adversely affect the powder induction and dispersion systems market. Manufacturers expected to get hit the worst. The manufacturers are also expected to sustain or grow sales in the coming months. Lower shopping activity as a result of shutdowns is anticipated to negatively affect demand. Difficulty in obtaining goods or needing to source them from countries with higher production costs can dampen demand for wholesalers of this market.

It includes in-depth insights into the powder induction and dispersion systems market. Some of these are:

• The estimated value of the market was at US$ 1890 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia-Pacific powder induction and dispersion systems market is estimated to grow at a healthy pace.
• China and India are expected to hold considerable share in terms of revenue in the Asia-Pacific market over the forecast period.
• In-line mixing type is projected to witness the fastest growth during the forecast period owing to the availability of aftermarket solutions.
• Increasing use of conventional power induction technology in different industries restrains this market development.
• Growing demand for powder induction and dispersion systems in various applications coupled with the presence of manufacturers in countries in the region are some of the factors anticipated for fuel growth in the Asia Pacific market for powder induction and dispersion system market.

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Who is Winning?

Some of the major players operating in global powder induction and dispersion systems market are Admix Inc., Axiflow Technologies, Charles Ross & Son Company, Hayward Gordon Group, IDEX Corporation, IKA Werke GmbH, John Bean Technologies Ltd., Joshua Greaves & Sons Ltd., Noritake Co. Ltd., Silverson Machines Inc., SPX Flow and Ystral GmbH.

Major industries are estimated to be government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences. These industries have an established base resulting in stable market demand. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

POWDER INDUCTION AND DISPERSION SYSTEMS MARKET TAXONOMY

The global Powder Induction and Dispersion Systems market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Application

• Food & beverages
• Pharmaceuticals
• Cosmetic and personal care products
• Chemicals

Type of Mixing

• In-tank mixing
• Inline mixing

Process

• Continuous
• Batch

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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POWDER INDUCTION AND DISPERSION SYSTEMS MARKET – KEY RESEARCH FINDINGS

• The global market is expected to reach US$ 3210.1 Mn by the end of 2029.
• The continuous processing segment is projected to account for a largest share in the market in terms of revenue in the coming years.
• The in-line segment based on the mixing method is projected to exhibit the highest growth over the forecast period.
• The pharmaceuticals segment is expected to lead the market, based on application.
• Recent developments and advancements in material and device dispersion techniques are projected to create lucrative growth opportunities over the forecast period.
• North America is estimated to have the largest share over the forecast period, while the Asia Pacific market is expected to expand at the highest CAGR.

About FMI

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Extensive restrictive measures set up by governments around the world to combat the global coronavirus outbreak are creating logistical challenges for the bottled water processing sector. While this is creating new bottlenecks in the sector, consumers continue to prefer stockpiling of essential commodities. This remains the key factor sustaining demand for bottled water even during the global COVID-19 crisis.

Global bottled water processing market has been projected to reach the valuation of over US$ 392 Bn between 2019 and 2029, as indicated by a new Future Market Insights (FMI) report. Bottled water processing activities will remain strong amid the pandemic, as a lack of adequate clean drinking water continues to be a critical problem across several economies.

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“A key factor driving growth of the global bottled water processing market is the rising demand for high-quality water from consumers with health concerns during the pandemic. Further, attractive packaging and product launches offered by leading players are likely to aid growth in the market,” says the FMI analyst.

Key Takeaways of Bottled Water Processing Market Study

• Sales of still water will continue to hold the lead for drinking water applications, while demand for sparkling water is witnessing a higher growth rate.
• Demand for PET bottle packaging is set to remain significant owing to lower costs and durability.
• Reverse osmosis applications will hold pole position, while ultrafiltration will gain ground as a lucrative application area during the forecast period.
• Asia Pacific will hold a major share of the global bottled water processing market, driven by rapid population growth and extensive contamination of drinking water resources in the region.

Bottled Water Processing Market – Key Growth Factors

• High consumption of bottled water and tech advances in processing equipment are the primary factors sustaining growth through the forecast period.
• Changes in government policies towards water resources drive the market growth through the forecast period.
• Rising awareness among consumers on water and wastewater treatment procedures and importance of essential resources support demand.
• New flavored product launches for millennial consumer demographics will support the market growth through 2029.

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Explore the full bottled water processing market report with 112 illustrative figures, 128 data tables and table of contents.

Bottled Water Processing Market – Key Restraints

• High capital requirements for the development of new production facilities hinder market growth.
• Environmental concerns of associated with the production of bottled water, and pollution from plastic bottle waste is having a negative impact on the market.

Impact of COVID-19 on Bottled Water Processing Market

While the COVID-19 virus continues to spread rapidly, the global demand for bottled water is anticipated to stay high. In addition, the growth in demand is also supported by government initiatives to provide populations in remote locations with essential commodities under the lockdown period. The outbreak is expected to generate bottlenecks owing to supply chain disruptions.

The demand for bottled water is unlikely to go down during the pandemic, sustaining sales in the market. Stockpiling activities by consumers would create temporary shortages of bottled water but creating lucrative opportunities in the near future.

Competitive Landscape of Bottled Water Processing Market

Some of the major companies profiled in this FMI report include, but are not limited to, Axeon Water Technologies, Pall Corporation, NorlandInternational Inc., Dow Chemical Co., Seychelles Environmental Technologies Inc., Velocity Equipment Solutions Inc., General Electric, and Liquid Packaging Solutions Inc. Players in bottled water processing market are leveraging consumer concerns about chemical pollutants, and the lack of legislation for the protection of safe drinking water around the world.

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BOTTLED WATER PROCESSING EQUIPMENT MARKET TAXONOMY

The global Bottled Water Processing market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Equipment

• Filter
• Bottle washer
• Filler & capper
• Blow molder
• Shrink wrapper

Technology

• RO
• UF
• MF
• Chlorination
• Washing
• Filling

Application

• Flavored water
• Mineral water
• Still water
• Spring water

About FMI

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The global proanthocyanidins market size is expected to reach US$ 372.41 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.4% CAGR between 2020 and 2030. According to the report, the increased incidence and prevalence of lifestyle-related diseases like diabetes and cardiovascular disorders have strengthened the need for proanthocyanidins supplements.

The increasing demand for anti-cancer food products in populations around the world also drives the industry for foodstuffs rich in proanthocyanidins. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Proanthocyanidins are reduced tannins with several pharmacological functions. They are considered as phytochemicals that have defence and offense molecules that offer several health benefits. The proanthocyanidins have several health beneficial properties that are antioxidant, antidiabetic, anticancer, antimicrobial, and neuroprotective.

Due to this they have a multitude of uses in pharmaceuticals and nutraceutical industries. The food processing waste and agricultural wastes contain huge proanthocyanidins amount that can be a viable source for functional ingredients and dietary supplements.

It includes in-depth insights into the proanthocyanidins market. Some of these are:

• The estimated value of the market was at US$ 200 Mn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• North America has experienced a significant rise in the percentage of ageing population which has increased the consumption of healthy food, and growing demand for pharmaceuticals are the major factors driving the market growth in the region.
•  United States holds major share in the region owing to substantial increase in the demand for proanthocyanidins as dietary supplements.
• The rising incidence and prevalence of lifestyle related diseases such as diabetes and cardiovascular conditions has been bolstering the demand for supplements containing proanthocyanidins.
• In terms of source, the type A segment will hold the larger percentage of share in the market. It is also expected to show impressive growth over the forecast period.

Despite Rising Prevalence for Dietary Supplements, Change in Buying Pattern Due to COVID-19 Outbreak will Impact Growth

Due to increase in lifestyle-related diseases, people are opting for healthier lifestyle and food. Proanthocyanidins protect and reduce the oxidative damage caused by free radicals in the body; it also helps in preventing heart-related diseases as many studies have shown that proanthocyanidins reduce blood pressure and improve fat metabolism, moreover, some studies claim proanthocyanidins to have anti-cancer and antitumor activity.

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Aversion behaviour of consumers due to COVID-19 outbreak may exacerbate effect on proanthocyanidins consumption. The supply chains are getting disrupted, blockages to transport routes particularly obstructive for the proanthocyanidins supply chains and may also result in increased levels of loss and wastage. On the other hand, panic buying has sparked demand for services to strengthen the supply chain. This has created opportunities for manufacturers.

Who is Winning?

Some of the major players operating in Proanthocyanidins market includes NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific and others.

High investments by players operating in the market on developing proanthocyanidin products that cater to various applications such as healthcare, skincare etc., are anticipated to drive the market growth in the coming years. Efforts of manufacturers to back nutritional benefit claims through in-vitro studies prove as a strong underpinning to the demand for proanthocyanidins as dietary supplements. Moreover, players operating in the market are investing in R&D to develop products with enhanced benefits fuelling proanthocyanidins market growth.

Proanthocyanidins Market Taxonomy

The global Proanthocyanidins Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Application

• Food & Beverages
• Dietary supplements
• Personal Care & Cosmetics

Source

• Pine Bark
• Grape Seed
• Berries

Distribution Channel

• Drug and pharmacy store
• Convenience stores
• Modern Trade
• Online retail

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Region

• North America
• Latin America
• Europe
• Asia
• Oceania
• MEA

PROANTHOCYANIDINS MARKET – KEY RESEARCH FINDINGS

• The global proanthocyanidins market will expand at a CAGR of 6.4% over 2020-2030.
• The market has noticeable demand from the food industry.
• Grapes seed remains the preferred source; Cranberry to gain gradual traction.
• North America is the market front-runners for the proanthocyanidins

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global membrane filtration systems market size is expected to reach US$ 23.3 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.9% CAGR between 2020 and 2030.

According to the report, the rapidly growing dairy industry, stringent regulations for water safety & filtration, and rising demand for premium alcoholic drinks products are some factors driving the growth in the membrane filtration systems market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Key Research Findings

• Asia Pacific is a crucial market. The market is empowered mainly by increasing use of membrane filtration systems at water treatment plants across this region
• Membrane filtration systems market will gain in response to the expansion of the bio-based pharmaceutical market
• Membrane filtration systems are commonly used for wastewater purification and for sterilization, concentration processes and separation in food & beverage sectors
• China accounts for the largest share in the Asia Pacific market
• Population growth in China has spurred the need for purification technologies to ensure the availability of healthy drinking water and hygienic food and dairy products

It includes in-depth insights into the membrane filtration systems market. Some of these are:

• The estimated value of the market was at US$ 14.5 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• By application, the water & wastewater segment is projected to account for the largest share in the market.
• During the forecast period, the segment of tubular systems in the membrane filtration systems market for food and beverages is projected to show faster growth.
• Asia Pacific is estimated to dominate the market.
• Increasing strict government regulations for water safety and filtration are major factors expected to drive growth of the global membrane filtration systems market.
• However, the high flow rates used in cross-flow feed can damage shear sensitive materials is expected to restrain growth of the global membrane filtration systems market. In addition, high equipment cost may hamper the market growth to a certain extent.
• In terms of membrane material, polymeric and ceramic are two key segments in the market.

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“The increase in demand for dairy products, government support for membrane filtration systems technology in water purification, the growth in the purchasing power of the middle-class community for quality goods and the increase in the consumption of functional food are some of the important factors that are projected to drive demand for membrane filtration systems technology in Asia Pacific,”said a lead analyst at FMI.

Despite Focus on Healthy Diet, Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

Coronavirus outbreak had a considerable impact on the consumption pattern of buyers. The focus on health and hygiene products and the rise in demand for healthy organic food is indicative of key shifts in consumer behaviour. This will invariably impact growth forecasts for the market. However, top companies in the membrane filtration systems market expect supply chain and cash flow disruptions to remain the biggest hurdles even in the post lockdown situation. Following the coronavirus outbreak, companies operating in this market are under pressure to deliver products to the market in time. These developments could have a significant impact on the market.

Who is Winning?

The leading players in the membrane filtration systems market include Porvair Filtration Group, Pentair Plc., Prominent GmbH, SPX Flow, Inc., Veolia, Koch Membrane Systems Inc, 3M Company, Pall Corporation, GEA Group AG, Alfa Laval AB, Suez Water Technologies and Solutions and DowDuPont. These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen their presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.

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Application

• Water & Wastewater
• Food & Beverages

Module Design

• Spiral Wound
• Tubular Systems
• Plate & Frame
• Hollow Fiber

Membrane material

• Polymeric
• Ceramic

Technique

• Reverse Osmosis(RO)
• Ultra filtration (UF)
• Microfiltration(MF)
• Nano filtration(NF)

Region

• North America
• Latin America
• Europe
• Asia
• Oceania
• MEA

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Brewery Equipment market analysis by Future Market Insights shows that global sales of brewery equipment experienced a year-on-year (YOY) growth of 4.8% in 2021 to total sales of USD 18.5 Bn. The global brewery equipment market will surge at a rate of 5.2% in the forecast period to surpass USD 30.7 Bn in revenue in 2032.

The growing popularity of beer crops is expected to propel global demand for brewery equipment over the forecast period. The shift from traditional beer to craft beer has led to a rise in the number of micro-breweries and pubs all over the world, which in turn fuels the demand for brewery equipment.

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Europe has seen a great shift towards low-alcohol or non-alcoholic beer due to health benefits having an impact on the brewery equipment market in the region.

Rising demand for artisanal craft beer is a crucial driver for the global brewery equipment market growth. Stiff competition from global producers and top players providing cost-effective brewery equipment is a challenge for players operating in the local markets.

It includes in-depth insights into the brewery equipment market. Some of these are:

• The estimated value of the market was at US$ 18 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• In North America, rise in consumption of beer and increase in beer processing have propelled the usage of brewery equipment.
• In Europe, continuous demand for beer is leading to the expansion of breweries by brewers, thus driving demand for brewery equipment.
• In Asia Pacific, governments of different states are relaxing the rules for setting up breweries, which is likely to help drive the market during the forecast period.
• South America is also estimated to be an attractive region of the market in the near future.

Who is Winning?

Major players operating in the global brewery equipment market include GEA Group AG, Deutsche Beverage Technology, Krones AG, Lehui Craft, Della Toffola Spa., Prospero Equipment Corporation, Brewbilt Manufacturing LLC, JV Northwest, Inc., Ximo Beer Brewing Equipment, Meura, Meto Brewery Equipment, Inc., ZiemannHolvrieka GmbH, Smart Machine Technologies, Inc, Caspary GmbH, Quality Tank Solutions, Craft Kettle Brewing Equipment, Blichmann Engineering, LLC, and Criveller Group.

In order to gain competitive edge over other manufacturers, these players focus on investing in R&D to innovate and produce wide range of products which are energy efficient and environment friendly.

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Consumption Pattern May Change Due to COVID-19 Outbreak will Impact Growth

With interest rates dropping to record lows due to coronavirus outbreak, borrowing costs would be small, but the performance of government attempts to invest heavily on infrastructure will be partly dependent on their current financial status.

Growing population and increasing economic expectations have led to increased spending on foodservices. The pattern of consumption across nations, however, has changed in a short time since coronavirus ravaged the globe. Therefore their food preferences include a host of balanced, plant-based snacks. It would have an invariable effect on business growth forecasts.

Brewery Equipment Market Taxonomy

The global Brewery Equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

• Fermentation equipment
• Brew house equipment
• Carbonation
• Control & Monitoring
• Filling & Packaging
• Mashing equipment
• Milling equipment
• Filtration system
• Fittings & Valves system

Material Type

• Brass
• Copper
• Aluminum
• Stainless steel
• Mild steel

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Mode of Operation

• Automatic
• Manual
• Semi automatic

Application

• Macro brewery
• Micro brewery
• Brewpub
• Farm brewery
• Regional breweries

Region

• North America
• Latin America
• Europe
• Asia
• Oceania
• MEA

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Unit No: 1602-006
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Bulk terminals Market  play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources. Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably. Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons.

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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