Feed Premix Market to reach a value of USD 11.5 Bn by 2032-FMI

Feed premix is a mixture of some certain complex compounds such as minerals, vitamins, and amino acid in animal feeds so as to rapidly enhance their growth and development within a short period. Feed premix contains both the micro and macro nutrients. Macronutrients are those nutrients needed in large quantity (such as carbohydrates, and fat) while micronutrients are those nutrients needed in small quantity (such as vitamins, amino acids, and minerals). Both nutrients are required for the development of an animal.

However, the mirconutrient is the most essential but usually absent in animal feeds. Therefore, the need for production of feed premix arose. Farmers are hastening the growth of their livestock by feeding with feed premix and this will raise their income thereby increasing the demand for feed premix in the global market.With the increase in demand for livestock, farmers are shifting towards the provision of superior quality feed that can enhance their livestock growth.

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Feed Premix Market Driven by Consumers’ Demand for High Value Animal Protein

The rise in demand for livestock protein products such as milk, meat, and others are pressurizing livestock farmers to feed their animals with top quality feed products to increase productivity and the quality of output. Consumers around the world are now conscious about the quality of food products they consume, especially the animal protein products; thus, there is a need for a high level of transparency in the supply of livestock products.

Feed Premix Market Restraint

The lack of awareness among livestock farmers regarding the benefits of feeding livestock with feed premix is a factor restraining the feed premix market and this is projected to continue if means are not provided to ensure livestock farmer are aware.

Furthermore, the rise in cost of feed ingredients coupled with government stringent regulatory framework are factors projected to hamper the growth of the industry over the forecast period. The government of several countries have placed a ban on the use of antibiotics, and this is obviously a threat to the global feed premix market.

Feed Premix Market: Region-wise Analysis

The Asia Pacific region is the largest market for the feed premix due to the rise in number of aquatic and poultry animal farm within the region. The rise in disposable income and increasing population size within the region are driving forces expected to fuel the growth of the global feed premix market over the foreseeable period. With the rising commercialization of livestock farming in countries like India and China is estimated to raise the demand for feed premix products. Also, the growing trend of meat consumption within the Asia Pacific has foster the rise in the production of feed premix.

North America is the second largest market for feed prefix market after generating USD 2.41Billion of the market total revenue in 2018. The shift toward the use of advanced technologies by livestock farmers is a driving factor expected to drive the industry forward over the forecast period. Also, the South America region is projected to witness a moderate growth over the forecast period with Brazil acting as the growth driver for the region. According to FAO, Brazil housed the largest cattle population in 2017 with an headcount of over 330 million.

Feed Premix Market: Competitive Landscape

  • Cargill Incorporated
  • Archer Daniels Midland Company (ADM)
  • Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG)
  • BASF SE
  • Land O’Lakes, Inc.
  • Godrej Agrovet
  • Koninklijke DSM N.V.
  • others.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Feed Premix Market Segment Analysis

The global feed premix market can be segmented on the following basis:

By Ingredient Type

  • Antibiotics
  • Vitamins
  • Amino Acids
  • Minerals
  • Antioxidants
  • Others

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By Animal Type

  • Ruminant Feed
  • Swine Feed
  • Poultry Feed
  • Acquaculture Feed
  • Other Animal Feed

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CoQ10 Gummies Market value projected to increase is from USD 3,500.0 Mn by 2032-FMI

CoQ10 (Coenzyme Q10) is a chemical compound or a molecule that occurs naturally in most of the aerobic organisms such as bacteria, humans, and other mammals. CoQ10 is also known as Ubiquinone or Vitamin-Q10 and acts as a nutrient compound for energy generation in the human cell. CoQ10 plays a significant role as an antioxidant, energy provider, digestive, and immunity booster. 
Although most consumers obtain adequate amounts of CoQ10 through a balanced diet, supplementation would be required for consumers especially with particular heart conditions, brain disorders, diabetes, and muscular dystrophy. Hence, increasing age and medical conditions are associated with dropping levels of CoQ10 in the body. Therefore, CoQ10 has been made available as a supplement in different forms such as soft gel capsules, hard shell capsules, oral sprays, tablets, and gummies. CoQ10 gummies are nothing but single vitamin gummies that are designed to taste and feel similar to a chewable gummy candy.

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The CoQ10 gummies are available in various fruit flavours, shapes, and colours, making them a very popular option among the other forms of CoQ10 supplements. In addition to this, manufacturers are coming up gummies made out of plant-based ingredients (most of CoQ10 supplements are prepared from animal sources) to cater to the vegan consumers. Other factors such as marketing strategies, organic trends, label claims, and fitness trends are expected to play an important role in the growth of global CoQ10 gummies market.

Trend of Vitamin Gummies to Bolster the Growth of CoQ10 Gummies Market

Vitamin Gummies are vitamin-enriched dietary supplements that are soft, small, and chewable specifically designed to taste and feel like gummy candies. Owing to its visual appearance, soft texture, and fruity taste, the vitamin gummies were produced to attract the children and the elderly that refrain from consuming the traditional pills.

This tells that vitamin gummies are more appetizing than traditional pills as they are fun-to-eat, convenient, and at the same time provide all the necessary nutrients required by the body. Single vitamin gummies such as CoQ10 gummies are available in the market in delicious flavours for adults (CoQ10 supplements are not recommended for children) of different age groups and sex.

For instance, the brand Smarty Pants manufacture CoQ10 gummies for men and women whereas other brand named Ultamins manufacture gummies for men above fifty. On the other hand, multivitamin gummies account for a higher share in the market and hence many multivitamin gummy brands such as Vitafusion, Ultamins, and Smarty Pants, include CoQ10 in them as an ingredient. Higher adoption rate of vitamin gummies and rapid growth of multivitamin supplements in the developed economies is indirectly going to boost the growth of CoQ10 gummies market.

Rise in Demand for CoQ10 Gummies Owing to its Numerous Health Benefits and Label Claims

Studies conducted on people with heart failure show that CoQ10 consumption lessened serious complications, lessened frequent hospitalization and reduced the risk of dying from heart problems. This is because CoQ10 helps in achieving optimum energy levels, improves heart function, and reduces oxidative damage. Several studies have also shown that CoQ10 protects the eggs and sperm from oxidative damage, thereby also helping in boosting fertility. The antioxidant also provides protection to the skin from UV rays, thereby reducing the risk of skin cancer.

The CoQ10 not only helps in reducing headache and treating migraines but also helps in preventing them. It helps in improving exercise performance and also treats statin-associated muscle symptoms such as muscle cramp, muscle weakness, muscle tiredness, and muscle pain. Studies have also shown that CoQ10 improves insulin sensitivity and regulate blood sugar levels, thereby proving to be a good supplement for treating obesity and type 2 diabetes.

Increasing competition in the market is causing the CoQ10 gummy manufacturers to come up with label claims that claim the products to be free from GMO, dairy, artificial colouring, artificial flavouring, and artificial preservatives and thus claim to be vegan and organic. Owing to its nutritional benefits and label claims the CoQ10 gummies market depicts a positive growth trajectory.

Global CoQ10 Gummies: Key Players

Some of the key players manufacturing CoQ10 Gummies are as follows –

  • Nordic Naturals
  • Vitafusion
  • Nature’s Bounty Co.
  • Nature Made
  • Jamieson
  • Weber Naturals.

Opportunities for Global CoQ10 Gummies Market Participants:

Increase in sales and promotion on online retail platforms is expected to create opportunities for advancements for emerging players. Market players should also consider increasing their profitability in overseas sales. Developing regions of South Asia and East Asia showcase a promising opportunity for growth of new players.

North America heavily dominates the CoQ10 gummies market as many of the key market players belong to the region itself. Almost all the CoQ10 gummy brands provide a bottle/jar type packaging. As stand-up pouches continue to gain favour with consumers worldwide, the market players should consider such types of packaging to reduce costs and grow the business.

COVID-19 Impact:

During such crisis, the consumers are turning towards packaged and healthy foods that can be stored for longer periods. The consumers are opting for immunity improving supplements as a precautionary measure to tackle this deadly disease. Due to this behaviour of consumers, the COVID-19 pandemic is expected to have a short lasting impact on the global CoQ10 gummies market.

The CoQ10 gummies market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the CoQ10 Gummies market, including but not limited to: regional markets, nature, premix type, product type, and nature

The Report Covers Exhaustive Analysis on:

  • CoQ10 gummies market segment
  • CoQ10 gummies market dynamics
  • CoQ10 gummies market size
  • CoQ10 gummies supply and demand
  • Current trends/issues/challenges pertaining to CoQ10 gummies market
  • Competition landscape and emerging market participants in CoQ10 gummies market
  • Technology related to production/processing of CoQ10 gummies
  • Value chain analysis of the CoQ10 gummies market

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

The CoQ10 gummies market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the CoQ10 gummies market report projects the attractiveness of each major segment over the forecast period.

Report Highlights:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the CoQ10 gummies market
  • Recommendations to companies for strengthening their foothold in the CoQ10 gummies market
Request Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-11777Global CoQ10 Gummies: Market Segmentation

Based on Source, CoQ10 Gummies can be segmented as:-

  • Plant-Based
  • Animal-Based

Based on Customer Orientation, CoQ10 Gummies can be segmented as:-

  • Men
  • Women

Based on Sales-Channel, CoQ10 Gummies can be segmented as:-

  • Direct Sales
  • Hypermarket/Supermarket
  • Convenience Stores
  • Departmental Stores
  • Specialty Stores
  • Drug Stores / Pharmacies
  • Online Retailers

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Cissus Quadrangularis Market Is a CAGR of 4% to 5% during the forecast period 2022-2032

Cissus quadrangularis, also known as hadjod is a traditional medicine that is used to improve bone and joint health. Cissus quadrangularis is a perennial plant which belongs to the grape family. Cissus quadrangularis was traditionally used for treating feminine disorders or for the treatment of bones. Cissus quadrangularis is used as a dietary supplement as it provides health benefits such as improves bone and cartilage health, supports weight loss, boosts immunity, supports wound healing, etc.Increase in Occurrence of Osteoporosis and Diabetes Boosts the Demand for Cissus Quadrangularis.

The increase in the occurrence of bone diseases is anticipated to increase the demand for Cissus Quadrangularis. Osteoporosis is a common bone disease which is affecting millions of people all across the globe. Cissus quadrangularis has been used for a very long period for the treatment of osteoporosis, osteoarthritis, and rheumatoid arthritis. Cissus quadrangualris enhances the healing of fractured bones improves cartilage regeneration and provides several other advantages that help to improve bone health. Cissus quadrangularis. Thus, the increase in the prevalence of bone diseases is estimated to boost the sales of Cissus Quadrangularis.

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The rise in the occurrence of obesity and diabetes is anticipated to serve as one of the major drivers for the increase in the demand of Cissus Quadrangularis. The worldwide prevalence of obesity and diabetes is increasing at a very high rate. In 2016, around 13% of the global adult population was obese. The obesity and overweight further increase the risk of cardiovascular diseases and musculoskeletal disorders.  As the consumers are getting knowledge about the diseases and their further consequences, they are trying to take early measures to avoid the diseases. The consumer inclination towards the use of dietary supplements is increasing all across the world. Therefore, the increase in the sales of dietary supplements is expected to have a positive impact on the Cissus Quadrangularis market.

According to the World Health Organization, cardiovascular diseases are the number one cause of death. In 2016, approximately 17.9 million people died due to cardiovascular diseases. The rise in the prevalence of cardiovascular diseases and the increase in awareness has brought about a change in the lifestyle and eating habits. The consumers prefer the use of dietary supplements to fulfill the nutritional needs and to maintain a healthy lifestyle. Cissus quadrangularis is used as a dietary supplement which helps to lower the bad cholesterol levels and improves heart health. Therefore, as the occurrence of cardiovascular diseases increases, the consumer inclination towards the use of dietary supplements which improve heart health will increase, and thus, is anticipated to increase the sales of Cissus Quadrangularis.

Cissus Quadrangularis Market: Regional Analysis

The prevalence of osteoporosis and diabetes is anticipated to increase at a high rate in the Asia Pacific region. India and China are estimated to have the highest number of people that are diagnosed with diabetes. As consumer awareness is increasing, the preference for healthy products is also increasing. The increase in disposable income and influence of western culture are the drivers for the changing lifestyle of the people living in the Asia Pacific region. Therefore, an increase in the occurrence of diabetes and osteoporosis is anticipated to increase the demand for dietary supplements. Thus, the increase in the demand for dietary supplements is estimated to have a positive impact on the Cissus Quadrangularis market.

Cissus Quadrangularis Market: Key Participants

Some of the market participants in the Cissus Quadrangularis market are:

  • VitaJing Ltd.
  • Ramsun Rasayanics
  • Bulk Nutrients
  • Rajvi Enterprise
  • Herbo Nutra
  • Double Wood LLC

The research report presents a comprehensive assessment of the Cissus Quadrangularis market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product form, grade, end-use, and sales channel.

The report covers exhaustive analysis on:

  • Cissus Quadrangularis Market Segments
  • Market Dynamics
  • Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Cissus Quadrangularis market
  • Competition Landscape and Emerging Market Participants in Cissus Quadrangularis market
  • Technology related to Production/Processing of Croscarmellose Sodium
  • Value Chain Analysis of the Cissus Quadrangularis market

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Cissus Quadrangularis Market Segmentation

The Cissus Quadrangularis market can be segmented on the basis of product form, grade, end-use, and sales channel:

On the basis of the product form, the Cissus Quadrangularis can be segmented as:

  • Powder
  • Capsule

On the basis of the grade, the Cissus Quadrangularis can be segmented as:

  • Food Grade
  • Pharmaceutical Grade
  • Others

On the basis of end-use, the Cissus Quadrangularis market can be segmented as:

  • Dietary Supplement Industry
  • Food Industry
  • Pharmaceutical Industry
  • Others (e.g. Nutraceutical industry etc.)

On the basis of the sales channel, the Cissus Quadrangularis market can be segmented as:

  • Direct Sales/B2B
  • Indirect Sales/B2C
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retailers

Report Highlights:

  • Detailed overview of parent market
  • Changing dynamics of the Cissus Quadrangularis market in the industry
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments in the Cissus Quadrangularis market
  • Competitive landscape of the Cissus Quadrangularis market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Cissus Quadrangularis market performance
  • Must-have information for Cissus Quadrangularis market players to sustain and enhance their market footprint

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Demand for Plastic Bathtub will Witness Growth Due to the Rapidly Changing Lifestyles

The plastic bathtub market is set to witness steady growth during 2021-2031, with a CAGR of around 4.3%.

Demand for plastic bathtubs will witness growth due to the rapidly changing lifestyles of the individual and the growing demand of customers to install premium products in their residential area.

Further, the heavy influence from the western culture leads to the customer giving their bathrooms a modern look, therefore, such reasons are projected to grow the plastic bathtub sales.

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Plastic Bathtub Market Forecast and CAGR

According to the latest research by Future Market Insights, the plastic bathtub market is set to witness steady growth during 2021-2031, with a CAGR of around 4.3%.

What is Driving Demand for Plastic Bathtub Market

One of the major factors driving the growth of the plastic bathtub industry includes the rise in housing construction with the development in rural areas and increasing demand for premium plumbing fixtures.

Demand for plastic bathtubs will witness growth due to the rapidly changing lifestyles of the individual and the growing demand of customers to install premium products in their residential area.

Further, the heavy influence from the western culture leads to the customer giving their bathrooms a modern look, therefore, such reasons are projected to grow the plastic bathtub sales.

Further, the plastic bathtubs serve the purpose of relaxing the mind and body of the consumers, maybe after a physical workout or stressful day.

Additionally, a plastic bathtub allows an individual to submerge their body in cold or warm water to refresh their minds or relax the muscles respectively.

Also, plastic bathtubs turn out to be an effective option for patients suffering from arthritis, as it allows them to inflate their body and experience hydrostatic pressure blocking the gravity force on them in order to help get rid of joints pain, therefore, growing the demand for medical reasons available at home are projected to grow the sales.

Innovating and Expanding Product Portfolio Likely to Augment Plastic Bathtub Sales

Bathtub business manufacturers and players are focusing and widening their business portfolios by focusing on innovation in order to supply customers with satisfying and comforting items. Plastic bathtubs that can be mounted with a fixed surface include various innovations like the introduction of Bluetooth speakers, cup holders, lights, temperature control features, jacuzzi tubs, etc., which are likely to raise the demand and sales of the plastic bathtub.

In addition, the innovation in the use of the material has enabled the customer to purchase portable plastic bathtubs. These bathtubs come with electrical motors that can pull and blow air within 2-4 minutes and provide the customer with personal space to relax. Tubble, an Amsterdam-based company provides these portable plastic bathtubs an alternative option to other expensive bathtubs, therefore, expanding the product portfolio and creating new opportunities for the plastic bathtub industry to grow.

COVID-19 Impact on Plastic Bathtub Market

The sudden outbreak of COVID-19 had affected all the industries due to the shortfall of demand and supply and the plastic bathtub industry was no different.

Further, the regulations implemented by regional governments restricting the movement of individuals lead to the shutdown of shopping malls, commercial areas, waterparks, etc., reducing the demand and sales for plastic bathtub.

The offline segment was heavily impacted due to the restriction in movements of individuals and changing preferences of customers towards digital platforms due to the availability of various discounts, quality ensuring, and extra services added. Further, the manufacturers tend to regain the sales volume by focusing on reshaping the distribution channels and innovating the products, therefore, growing the plastic bathtub industry.

U.S. and Canada Plastic Bathtub Market Outlook

Region-wise, North America had dominated the global plastic bathtub industry. However, the spread of the virus had impacted the demand in the market, therefore, affecting the sales.

But, the changing lifestyle patterns, growing demands for innovative and premium products for personal use are projected to lead the region with the highest sales of the plastic bathtub.

Especially, portable bathtub have a tremendous opportunity in the U.S. and Canada. Additionally, with the resuming of the construction industry in the countries, the plastic bathtub business is projected to recover in the forecast period 2021-2031. The presence of favorable government, a growing number of investments in innovation of products, and emerging players in the segment are some of the factors attributing to the growth of plastic bathtub.

Europe Demand Outlook for Plastic Bathtub Market

Europe regions consist of various factors that can help many of the developing countries to conduct business due to the presence of various ports allowing the exchange of raw materials for the production of items.

However, the countries of Europe were heavily impacted due to the spread of the virus, and also, many regulations implemented by governments had stopped the movement of products affecting the production capacity, therefore, placing boundaries for the growth rate of sales of the plastic bathtub.

Further, the manufacturers and players focus upon providing products to the customers according to their needs and in order to do so, they adopt certain strategies that help them to fuel the market share, profitability, grow the competitiveness for the other players. Such factors and the implementation of innovative strategies are likely to grow the plastic bathtub industry in the forecast period.

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Who are the Key Manufacturers and Suppliers of Plastic Bathtubs

Some of the leading manufacturers and suppliers of plastic bathtubs include

  • Homefilos,
  • KOBIA Bathtub Manufacturer,
  • Korra Bath Ware Co., Ltd.,
  • Xuancheng GreenGoods Enterprise Co., Ltd.,
  • Taizhou Hanxi Trade Co., Ltd.,
  • Asia Billion Innovation Technology Limited,
  • HSIL Limited, OVE Decors,
  • TOTO LTD.,
  • Villeroy & Boch, Roca Sanitario S.A.,
  • Foshan Deltar Building Material Co., and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Plastic Bathtub Market Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Product Type:

  • Floor Mounted
  • Free-standing
  • Wall-mounted
  • Others

By End Use:

  • Residential
  • Commercial

By Distribution Channel:

  • Wholesalers/ Distributors
  • Specialty Stores
  • Department Stors
  • Online Retailers
  • Others

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Defoamers Market to Achieve A High CAGR of 4.0% During Forecast Period 2021-2031

Increasing demand from the pulp and paper and wastewater industries is expected to contribute strongly towards the expansion of the defoamers market, finds Future Market Insights (FMI) in a recent study. According to the report, the market is estimated to reach a value of US$ 1,920.0 Mn by the end of 2031, exhibiting a CAGR of 4.0% during the forecast period.

As per FMI, silicone defoamers will account for more than one third of market value share in 2021 and is expected to continue its dominance through the assessment period. However, the market experienced a considerable decline in 2020 owing to the weak economic situation created in the wake of the covid-19 pandemic.

A defoamer is a chemical additive, also known as anti-foaming agent that helps reduce foam formation and also prevents the formation of excess foam in industrial process liquids. Defoamers are widely used in diverse industry verticals for various applications including pulp & paper, paints & coatings, water & wastewater treatment industry, food processing, chemical formulation, textiles and among others.

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Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions.

Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021.

Key Takeaways of Defoamers Market Study

  • Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
  • Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
  • China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
  • Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
  • The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.

Market Landscape: Competitive Overview

The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.

Key market participants include BASF SE, Dow Chemical Company, Evonik Industries, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.

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Defoamers Market by category

Product Type:

  • Powder
  • Silicone  Defoamers
  • Oil Defoamers
  • Emulsion Defoamers
  • Polymer Defoamers

By Medium of Dispersion:

  • Aqueous Systems
  • Non-Aqueous/ Solvent

Application Type:

  • Chemical Formulation
  • Textiles
  • Construction Materials (cement, mortar, grouts etc.)
  • Paints & Coatings
  • Pulp & Paper
  • Food Processing
  • Pharmaceuticals
  • Household & Personal Care
  • Water and Wastewater treatment

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

Want to Know More?

Future Market Insights has published a market research report on the Defoamers market that contains global and Indian industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Defoamers market through three different segments- product type, end use and region. The Defoamers market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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Men’s Watch Market is Set to Witness Steady Growth During the Forecast Period

The growing demand for wristwatches by men because it is something that can need to keep men accountabley also, watch can build confidence of men same as their proper dress.

Also, new watch launches by key players like Rolex, Sonata, Titan and fossil are assumed to give a positive impact on the watch market growth during the forecast period.

What is Driving Demand for Men’s Watch?

The trend of smartwatches among men is drivings the market growth. Correspondingly, many prominent key players in the market such as Timex and Casio are investing in the research and development sector for introducing smartwatches with a more efficient battery and excellent performance.

Also, many players are engaged in innovation to introduce varieties of attractive watches for users at affordable prices. Innovation and new launches by players offers the customers to choose the watch according to their budget and also encourage other players to invest in this sector which is driving the market in progressive manner.

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Factors that Likely to Augment Men’s Watch Sales

There are multiple factors that are affecting the demand for watches. The main factor is growing awareness regarding health among men all around the globe.

There are many players who are rigorously working in the research and developement field to introduce smartwatches in the market. For instance, Samsung launched a smartwatch that keeps the record of the user’s physical activity and also monitors their heartbeat and the blood pressure. Such features are the major contributing factors to the augmented volume of sales of smartwatches.

This has resulted in the raised customer spending on health care gadgets, which has further lead the market growth of smartwatches.  The smartwatch has multiple features like walk tracking, analyze heartbeat rate, connect with smartphones and so many other advanced applications which fuels the sales of men’s smartwatches.

Impact of COVID-19 on Men’s Watch Market

Due to the COVID-19 pandemic, the economic cycle of the world had disturbed. The closure of shops and specialty stores had adverse impact on the market growth.

Moreover, the buying behavior of customers have changed from conventional stores to online retail platforms as they are offering numerous benefits such as virtual tryouts, several discounts, coupons, and vast product portfolio offering. Even after taking the vaccine, somewhere people are scared about another wave of COVID-19, which restricts them to spend not much on unessential things.

While on the other side, during the COVID-19 pandemic many players upgrade their service and smartly work in the research sector and introduced a smartwatch that can detect the symptoms of coronavirus in men.

For instance, Apple introduced the Apple Watch Series 6 in September 2020, in this smartwatch a sensor is installed which display the approximate value of the blood oxygen and pulse rate. This advanced feature alerts the user if he is suffering from any respiratory problems like covid-19 or influenza. This has raised the demand for smartwatches during the pandemic and also encourages other players to launch advanced smart devices to attract more customers in the market.

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US and Canada Men’s Watch Market Outlook

The people of the United States and Canada are technologically outstanding and have a higher mission for strong advancements with a vision to make life simpler. Millennial consumer in the region are more aware of the smart technology and the demand for smartwatches for the men are getting stronger in these regions.

For expanding the product portfolio of smartwatches in the region, many prominent players like Fossil and Apple are continuously launching smartwatches at different price ranges. This also helps the player to strengthen their presence in the regional market.

Also, the increasing awareness about self-grooming, and good looking among men is the reason for demand boost in the regional market. Players are principally engaged to gain traction with millennial men and providing them with the best quality of watch. This product portfolio expansion by the company gains a competitive advantage in the US market.

Europe Demand Outlook for Men’s Watch

Awareness regarding health and fitness among the men of Europe is continuously rising because of the high obesity ratio. According to BMI, 53% and 73% of men in France and Croatia are suffering the problem of being overweight respectively. Therefore, the market for fitness gadgets such as fitness watch is rising in the European countries.

The popularity of fitness watches is more among men who are fitness-oriented. Because this watch help in recording the physical activity like cycling, swimming laps, daily steps, sleeping pattern, pulse rate, and blood pressure. These advanced features encourage men to buy a smartwatch for accessing their regular activities including calories intake. Furthermore, the rising disposable income of men is enabling them to buy such smart watches which also meet their requirements and desires.

Who are the Key Manufacturers and Suppliers of Men’s Watch?

Some of the leading manufacturers and suppliers of male watches include

  • The Swatch Group Ltd
  • Apple Inc.
  • BESPOKE UNIT, LLC.
  • Rolex
  • NEOBIAO
  • realme.
  • Compagnie Financière Richemont SA
  • Titan Company Limited
  • PATEK PHILIPPE SA
  • Xiaomi Global Community
  • LVMH
  • SAMSUNG, FOSSIL GROUP, INC.
  • CITIZEN WATCH CO., LTD
  • CASIO COMPUTER CO., LTD.
  • Ethos Watch Boutiques.
  • Folli Follie Online., and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Product Types:

  • Mechanical
  • Quartz
  • Smart

By Price:

  • Under US$200
  • US$200-US$300
  • US$300-US$400
  • US$400- US$500
  • US$500 & above

By Distribution Channels:

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Online retailing
  • Others

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Functional Films Market: Top trends driving the industry to reach US$ 47.17 Mn

According to a report conducted by Future Market Insights (FMI), expanding applications in various sectors, particularly the printing and packaging industries, would boost the functional films market between 2021 and 2031. Functional films are becoming increasingly popular in a variety of industries as they include technologies to increase the functional performance of items on which functional films operate as a substrate or a barrier.

The market is gaining traction as the packaging and plastic sectors expand. Their use in the automobile industry is also growing. Automotive displays, car interiors, transmission systems, and illumination all use functional films. BOPP films are the “go-to” solutions in the packaging industry for lamination and flexible packaging.

According to FMI, the functional films industry would be worth US$ 47.17 billion by 2031. The demand for optical and coating films is extremely high. Coatings films are predicted to be the most dominant, with an 8.7% CAGR during the projection period.

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Key Takeaways of Functional Films Market Study

  • Application across various industries will continue driving functional films market at .2% CAGR through 2031
  • The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
  • After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
  • Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
  • Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector.  Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

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Prominent Drivers

  • Growing demand for plastic films in the medical industry is expected to drive the functional films demand
  • Increasing application of functional films in automotive, packaging, and solar cells industry is sustaining the demand for functional films
  • Easy availability of raw materials and low prices of films will continue to improve the growth

Key Restraints

  • Stringent environmental and governmental regulations will likely limit the growth of functional films
  • Challenges in plastic recycling and volatile prices of raw material might hamper the demand

Competitive Landscape

Future Market Insights has listed some of the prominent market players for the global functional films market which includes Toppan Printing co. Ltd., 3M, Dai Nippon Printing Co. Ltd., Toyo Ink SC Holdings Co Ltd., Gunze Ltd., Toray Industries Inc., SABIC, Panasonic Corporation, Covestro AG, Mondi PLC, Innovia Films, DuPont Films, Saint Gobain and Polifilm GmbH. According to FMI, with the market being hghly competitive, product positioning and collaborations remains core strategies for leading payers.

  • For instance, in September 2020, Dunmore announced the launch of a new polyester based scratch resistant antimicrobial film product. This Dun-Shield film offers scratch resistant features, with durable surface and longer shelf life.
  • Also, in March 2020, Imaflex Corporation, announced the clearance of its next generation crop protection film, ADVASEAL which is a time-saving and cost effective alternative for soil disinfection.
  • Furthermore, in October 2020, Protection Pro, by Madico announced the launch of new antimicrobial screen protection film called Microbe-X.

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Functional Films Market by Segments

Product Type

  • Optical film
  • Coating film
  • Adhesive film
  • Conductive film
  • Reflection Films

End-use Industry

  • Automotive
  • Food & Medical Packaging
  • Renewable
  • Printing & Packaging
  • Other Industrial

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

About Future Market Insights (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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Fly Trap Market is Driven by Rising Occurrence of Contagious Flies-Related Disorders and Improved User Awareness

The flying trap market is set to witness steady growth during 2021-2031. The availability of lightweight and portable insect trap device used to trap flying bugs and other insects.

People like to prefer flying trap for its toxic-free nature and insects are killed with UV lights, a 360-degree rotating fan and a strong vacuum. This device is majorly used in hospitality, tour and travel, food and beverages, vegetable market and the agricultural sector. All these sectors provide momentum to this insect trap market.

What is Driving Demand for Fly Trap?

The key drivers of flying trap firms are the rising occurrence of contagious flies-related disorders and improved user awareness. Apart from these, characteristics such as enhanced portability and reduced size, as well as the option of a USB chargeable or battery-operated machine, keep the product on the market and attract additional clients.

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The environment is becoming more feasible for the growth of many insect species due to increased global warming, rapid extinction of many insects due to deforestation and climate change, and improper waste disposal. Insect growth is predicted to be exponential in the projection period, resulting in an increase in demand for insect trap.

Also, insects like mosquitoes spread deadly diseases like malaria, yellow fever, dengue, and multiple viral diseases, which in turn are causing numerous deaths all around the globe. As per the reports of WHO, malaria is prevalent in 91 nations while 40% of the world population is at risk. 435,000 people died in 2018 solely from malaria.

Vector-borne is human illnesses caused by viruses, parasites and bacteria that are transmitted through vectors which are mostly insects. Every year there are approx. 700,000 deaths from diseases like malaria, schistosomiasis, dengue, Japanese encephalitis etc. Also, diseases like typhoid, cholera and trachoma are transmit by the flies. Thus, the trade for flying trap is highly driven by the rise in the number of cases of diseases caused by various insects include mosquitoes and flies.

Insect repellent has become essential luggage for activities such as camping, trekking, and overseas tourism as health awareness has grown. Many people prefer flying trap because they are more effective and lighter than other options.

Factors that Likely to Augment Fly Trap Sales

There are multiple factors affecting the demand for the product. First and foremost, many flying trap manufactured by Stingmon , Flies Be Gone, RESCUE and other players are chemical and smoke-free unlike the traditional fly repellents like coils and liquid-based repellents. Many insect trap uses electricity to kill the insects. Using electricity avoids any kind of environmental pollution and is non-toxic, odorless, and safe for families and children.

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Secondly, the many players like KATCHY launched trap emits UV light which not only attracts flies to it but also disinfects the nearby space of any harmful microorganisms. Moreover, it is available in multiple sizes and hence every customer can find the product best suited as per their need.

The large size insect trap are already popular among customers and are used in most of the hospitals, hotels, schools, fruits market, offices, sweet shop, etc. However, they are not much popular among household uses. For household purposes, compact, portable, and chargeable models are used.

Furthermore, sticky insect trap are more popular among farmers and owner of nursey. Because crop sticky insect traps are the effective and smart way to remove flying insects and are more suitable for catching and eliminating fruit flies, whiteflies, fungi, miner flies, mosquitoes, aphids and other flying bugs. Also, this sticky pads are waterproof and UV resistant. User not need to remove it until it is fully covered with the insects.

Impact of COVID-19 on Fly Trap Market

Due to the covid-19 pandemic, the world is facing unprecedented world health, economic and global emergency. The demand for insect’s trap is increased during the pandemic because there is a fear in people regarding the virus, everyone takes precautions.

Even after taking the vaccine, somewhere people are scared about another wave of COVID-19, which is allowing them to use such trap in their places. This raises the seals of the insects trap in the market.

US and Canada Fly Trap Market Outlook

Citizens of the US and Canada are among the most health-conscious people in the world. On the other hand, foreign tourism is also increasing in both countries. Many tourists from the US and Canada make it a point to take all precautionary measures before travelling to any place.

The bug trap device is taking place in one of such measures due to its effectiveness and portability. Also, it does not contain any poisonous or harmful chemicals, so it can pass through airport security without any problems.

Large size traps are also popular in the US since almost every non-residential building are mandated to take measures for the prevention of the growth of flies in compliance with Center of Disease Control (CDC) guidelines.

Many customers of liquid-based mosquito repellents reported several health problems like itching in the eyes, breathing problem and headache on daily usage. Therefore, there is a good opportunity for the players to expand their penetration in the US and Canada area and generate more revenue.

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Europe Demand Outlook for Fly Trap

Europe is the house to the most popular campsites in the world. People from all around the world travel to Europe to engage in activities like camping and trekking.

Many players are using this as an opportunity by bringing in customized insect trap specifically made for the purpose of camping. Many customizations such as lamp shaped zappers which are easy to carry and work as light too are becoming popular among campers.

As per the regulations of, European Commission all the ingredients used to make commercial insecticides or biocides shall be authorized by the commission to ensure that the products do not harm humans or the environment in any way.

Due to this, there are very few players selling liquid or smoke-based insect repellents and the business is wide open for players manufacturing electric insect trap, since it is eco-friendly and does not release any chemical substances or toxins harming humans or the surrounding environment.

Key Segments

By Application:

  • Residential
  • Commercial

By Distributor :

  • Online Retailers
  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Direct Sales
  • Others

By Price Range:

  • Under US$30
  • US$30-US$60
  • US$60-US$90
  • US$90 & above

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Who are the Key Manufacturers and Suppliers of Fly Trap?

Some of the leading manufacturers and suppliers of fly guard include

  • Katchy Bug
  • Ecotrap Guard
  • Woodstream Corporation.
  • SEWANTAUSA
  • Havahart(R)
  • Asahi Industry Co., Ltd
  • Weihai Saifeide Plastic And Chemical Industry Co.,Ltd
  • DAINIHON JOCHUGIKU Co.,Ltd.
  • Xiamen Consolidates Manufacture
  • Trading Co. Ltd
  • Sterling International, Inc.

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Natural Taste Enhancers and Modifiers Market have emerged as an excellent clean-label-FMI

Hence, the research and development are one of the most focused aspects of the natural taste enhancers and modifiers market. Natural taste enhancers and modifiers are ingredients derived from natural sources that enhance the savoury aspects of food. In a competition-driven flavour industry, natural taste enhancers and modifiers play the role of not only flavouring agents but also of bulking agents. Their role becomes more important when these ingredients have to meet the criteria for thermostability, cost-effectiveness and maintain the shelf-life aspects during the manufacturing process.

Natural taste enhancers and modifiers are also used to improve the palatability of medical food, which otherwise lacks savoury characteristics. Amongst the health conscious demo graph, the demand for clean-label ingredients, obesity, and other health issues are the major factors propelling the market growth for natural taste enhancers and modifiers.

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Consumer demand for ‘kitchen-cupboard’ ingredients has led to the development of natural taste enhancers and modifiers

The need for natural taste enhancers and modifiers can be studied through multiple facets of the health trends in the food industry. Some of the key trends include demand for low-sodium diet, low-fat diet, and sugar-free diet, clean-label ingredients and meat alternatives.

These are the major factors propelling the growth for the natural taste enhancers and modifiers market. Apart from these factors, the development and prominence of umami-like flavours, which impart a meaty flavour, is also one of the major factor propelling the growth of natural taste enhancers and modifiers market. Monosodium glutamate (MSG) is one of the most commonly used flavour enhancers in the food industry. But since it is a synthetically derived ingredient, the market has been retarded due to the negative reviews from consumers. Natural taste enhancers and modifiers have emerged as an excellent clean-label replacement ingredient for MSG.

The natural taste enhancers and modifiers are in the growth phase and must overcome hurdles mainly in the area of manufacturing processes. The most challenging aspects are that natural taste enhancers and modifiers may affect other characteristics of the product such as alter the texture profiles of the finished product. In developed regions, affordability of these manufacturing technologies is also low, stunting the growth of the natural taste enhancers and modifiers market.

Natural taste enhancers and modifiers Market: Regional Analysis

Due to more demand in the developed regions for natural taste enhancers and modifiers, the production also remains concentrated in these regions. The trend is slowly picking up in developing regions, however, the market is still in the introductory phase. Innovation and technology are at its peak in the Japanese natural taste enhancers and modifiers market. In a country like India, popular products containing MSG are facing a backlash over the safety of the consumable. Such negative speculation around chemical ingredients is definitely a gain for the natural taste enhancers and modifiers market in the developing region.

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Global Natural taste enhancers and modifiers Market: Segmentation:

The global natural taste enhancers and modifiers market is segmented on the basis of function, source and end use.

On the basis of function, the natural taste enhancers and modifiers market is segmented into-

  • Sweetness Enhancers
  • Mouthfeel enhancers
  • Meat Enhancers
  • Others

On the basis of source, the natural taste enhancers and modifiers market is segmented into-

  • Plant-based
  • Microbial

On the basis of end use, the natural taste enhancers and modifiers market is segmented into-

  • Infant Nutrition
  • Sports Nutrition
  • Clinical Nutrition
  • Dairy Products
  • Meat Processing
  • Bakery
  • Confectionery
  • Beverages
  • Premixes
  • Others

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Dimethylolpropionic Acid (DMPA) Market– Global Industry Analysis and Deeper Insights | FMI

Dimethylolpropionic acid is a crystalline compound that is increasingly gaining traction for its extensive use in the development of aqueous urethane dispersions, which are ideal for high gloss waterborne coating offerings with superior flexibility and free-flow characteristics. Dimethylolpropionic acid is also used in powder coatings as a modification agent in epoxy polyester compounds for improving flow properties, higher levels of gloss, and better impact resistance. Furthermore, DMPA is also used in the development of urethane elastomers for multi-substrate applications.

The growing global demand for electrodeposition coatings particularly, arising from the metals production and processing sector is expected to positively influence market growth. Electro-deposition allows for low-cost production of coatings, while maintaining high performance standards, improving the functional properties of the material. Dimethylolpropionic acid is also widely used in electric appliances such as HVAC systems. Consequently, the use of associated coatings will drive growth over the forecast period.

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What are the Leading Challenges Faced by Dimethylolpropionic Acid Manufacturers?

On one hand, the niche applications of DMPA have set up very positive expectations for the future of the market. However, manufacturers are expected to face a number of challenges in the near future to consolidate production and distribution operations.

The easy availability of numerous substitutes for DMPA including TME, TMP and DMBA, at relatively lower cost has emerged as a major threat to the growth of the global DMPA market. DMBA which is a tertiary carboxylic acid group and two reactive hydroxyl groups, is similar to DMPA in chemical characteristics.

In recent years, the rising penetration of DMBA in polyurethane dispersion applications has bolstered at adoption at a faster rate as compared to DMPA. This will continue to negatively impact demand for DMPA, which has resulted in some DMPA manufacturers around the world to shut down select operations. Research into widening the scope of applications in addition to strategic pricing will play key roles in the development of the market.

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Dimethylolpropionic Acid Market – Competitive Landscape

Leading manufacturers in the moderately consolidated dimethylolpropionic acid market are focused increasingly on research and development efforts aimed towards portfolio expansion objectives, in addition to extensive efforts towards seeking strategic acquisitions and collaborations in the industry.

In September 2019, CPS Performance Materials announced the acquisition of GEO Specialty Chemicals, which will allow the company to expand its market portfolio, and special chemicals for personal care and nutrition applications.

In April 2021, CD Bioparticles introduced a series of dendrimers, including DMPA-G1-TMP-Azide, DMPA-G1-TMP-Acetylene, DMPA-G1-TMP-NHBOC, and DMPA-G1-TMP-Carboxyl for applications in coatings, theranostics adhesives, biosensors, and optics.

Waters™ leading chromatography data software (CDS), Empower™, with the introduction of Metrohm Ion Chromatograph, for applications in universal software platform, aimed towards faster sample turnaround.

Future Market Insights has also analyzed the following players in the dimethylolpropionic acid market in its detailed report*:

• Geo Specialty Chemicals Inc.
• Perstorp Specialty Chemicals AB
• Henan Tianfu Chemical Co. Ltd.
• Jiangxi Nancheng Hongdu Chemical Technology Development Co. Ltd.
• Shenzhen Vtolo Chemicals Co., Ltd.

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Dimethylolpropionic Acid (DMPA) Market Key Segments

Product Type
• Polyurethane dispersion
• Resins
• Powder Coating
• Electrodeposition Coatings

Application
• Adhesive
• Glass fiber sizing
• Automotive Topcoat
• Wood Finishing

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