Market Research Blog – Page 10032 – New Product Development

Herbal ingredients has created a potential for the Abyssinian oil market-FMI

The growing era of a healthy lifestyle is attributed to causing an increasing demand for naturally derived products be it cosmetics or food. The development of the modern lifestyle and technology has surged the demand for the essential oil market. Essential oils are usually derived from the process of distillation and have been used since the historic period due to its medicinal benefits. Essential oils have a distinctive aroma which helps in providing an upliftment to the human sensory system. The evolution in the market is responsible for the development of consumer-specific products.

Different types of essential oils are available such as: Peppermint oil, Tea Tree oil, Abyssinian oil, Lavender oil, Frankincense oil, among others. Abyssinian oil derived from the crambe Abyssinian plant is a multi-tasking essential oil working as a miracle for the cosmetics industry. Over the years there has been a shift of customer preference form natural to organic beauty products especially in the U.S. and European countries. This reason is attributed to causing an increasing demand for the Abyssinian oil.

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Growing Demand for Cosmetics and Personal Care Products is Driving Abyssinian oil Market

With the growing economies and the considerable rise in the disposable income, there has been a significant increase in the demand for beauty products. Rising demand for the natural and herbal ingredients has created a potential opportunity for the Abyssinian oil market. Abyssinian oil has a unique molecular structure with a combination of a high amount of C22 fatty acids. Abyssinian oil contains an abundant amount of both linoleic and linoleic acids. The omega 6 fatty acid present in Abyssinian oil makes it helpful for skin regeneration while the omega 3 fatty acid is an anti-inflammatory skin conditioning component.

Abyssinian oil acts as an effective moisturizing agent for promoting a smooth, supple skin and aids in the removal of wrinkles. Abyssinian oil is clinically proven to be more effective than argon oil. Abyssinia oil has a fast rate of penetration into the hair and skin making it suitable for all hair and skin types. All these factors are responsible for causing an increasing demand in the Abyssinian oil market over the forecast period.

Global Abyssinian oil Market: Market Participants

Some of the market participants operating in the global Abyssinian oil market identified across the value chain include Beauty Kitchen, Orchidée Naturals, Klorane, Conscious Skincare, Samana Naturals, Elementis plc, Clariant, Nirvana Natural, APIVITA, Kerastase among other Abyssinian oil producers.

Opportunities for Participants in the Abyssinian oil Market

The growing consumer inclination towards the natural products is the reason for driving the Abyssinian oil market. The key manufacturers of Abyssinian oil are taking more interest in the development of natural and bio-based products to keep up with the pace of the Abyssinian oil market.

The manufacturers need to understand the consumer preferences and come up with new products utilizing Abyssinian oil as an ingredient. Moreover, the key participants should emphasize on increasing the consumer awareness regarding Abyssinian oil by demonstrating its advantages over the other essential oils. Over the years the cosmetics industry has witnessed a significant growth wherein the demand for anti-aging products is very high. Abyssinian oil has proven to be useful for aiding aging signs.

Therefore, the manufacturers should aim at the regions seeking for anti-aging products and also promote Abyssinian oil in the regions with developing growth rate of the cosmetics industry. The emerging players should grab the strategies offered by the key players and come up with new product offerings to strengthen their presence in the Abyssinian oil market.

Brief Approach to Research

The company follows a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the types, forms, ingredients, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges, and trends
Detailed value chain analysis of the market
The cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market

The research report presents a comprehensive assessment of the 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 geographies, application, and industry.

The report covers exhaust analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern 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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Global Abyssinian oil Market: Segmentation

On the basis of Nature, the global Abyssinian oil market has been segmented as-

Organic
Conventional

On the basis of End-Use, the global Abyssinian oil market has been segmented as-

Cosmetics and Personal care
Skin Care
Hair Care
Personal Hygiene
Others

On the basis of Application, the global Abyssinian oil market has been segmented as-

Moisturizing agent
Conditioning agent
Emollient

On the basis of the sales channel, the global Abyssinian oil market has been segmented as-

B2B
B2C
Supermarket/Hypermarket
Convenience stores
Specialty stores
E-retail

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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Small Molecule API Market is expected to rise at a yearly growth rate of 5.0% Y-o-Y to US$ 216.97 Billion in 2032

Increasing demand of high potency drugs and increasing cases of chronic diseases are expected to boost small molecule active pharmaceutical ingredient (API) Market. In a study, Future Market Insights (FMI) has forecast the small molecule API market to exhibit 5% CAGR between 2021 and 2031. According to the report, although in-house manufacturing is currently leading the market, the trend towards outsourcing in the pharmaceutical industry makes outsourced production more lucrative. The outsource segment is therefore likely to account for 50% of production in the market during the forecast period.

A small molecule drug can enter cells easily because it has a low molecular weight. Once inside the cells, it can affect other molecules, such as proteins, and may cause cancer cells to die. Increasing research on small molecule APIs and novel Biologics APIs will boost the market growth. High potency drug market is a growing pharmaceutical segment. Increasing prevalence of cancer and other chronic diseases owe to the need of oncology drugs and antibody drug conjugates.

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The oncology market is growing enormously. High potency drugs constitute significantly to the new drugs that are under development. Small molecule demand still dominates the API market, however new biological entity demand is also growing rapidly growing healthcare expenditure is resulting in new molecule discovery, the evaluation of various molecules for possible disease treatment, and the adoption of an innovative approach to these studies.

As increasing prevalence of chronic disorders like cardiovascular diseases, diabetes, cancer and infectious diseases, and increasing research on small molecule APIs will boost the market growth. Besides this, government funding to API manufacturing units is also increase in developing countries like India, Israel, and China. In May 2020, AstraZeneca recovered the global rights to brazikumab from Allergan. Small molecule monoclonal antibody is developed for Crohn’s Disease and Ulcerative Colitis and adds to their growing presence in Immunology

Coronavirus pandemic has changed the public medical care needs and spending however this is viewed as transient effect on the Small Molecule API market. The immense COVID-19 patient pool attracted spotlight on the treatment of these patients, in turn increasing the demand for small molecule API.

Key Takeaways from Small Molecule API Market Study

As a result of increasing healthcare spending and favorable reimbursement policies, the U.S. accounts for over 87% of North America small molecule API market
Rising focus on health and wellness will enable the U.K. exhibit a little below 4% y-o-y growth in 2021
Germany will account for maximum sales in Europe. Besides this, the demand from France too is expected to rise
Increasing investment in research and development within pharmaceutical will drive sales in China

“The market is highly competitive, compelling the key players to aim at strategic partnerships. Some of the leading players have been focusing on strategic collaborations to expand their footprint and portfolio” says the FMI Analyst

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The use of external resources (people, equipment and/or expertise) to facilitate the preparation of Active Pharmaceutical Ingredient (API) or advanced intermediates has become a common practice for most pharmaceutical development organizations. In early development the reasons to seek external support for the manufacture of API was attributed to a number of factors, including a lack of sufficient internal capacity, a need to source unique technical expertise or a desire to achieve overall cost reductions.

For organizations which have no internal GMP manufacturing capabilities whatsoever (e.g. biotech companies), outsourcing is, of course, a necessity. However, companies which have some level of internal manufacturing capacity may have options to use outsourcing to their strategic advantage. This outsourcing capability has increase the source of generating more revenue for new emerging companies. For fast growth of industry they follow outsourcing strategies.

In addition, key players in the Small Molecule API market are keenly focusing on carrying out strategic activities such as advance technology for manufacturing, acquisitions, in order to create a strong position into the market is leading into vigorous developments which is helping the market to grow at a considerable rate.

For Instance, In January 2020, Novartis acquisition of operations of Aspen in Japan. This acquisition strengthened Sandoz’s position in world market of off-patent medicines and generic drugs manufacturing.

Key Participant Insights

Various manufacturers are undergoing partnerships, collaborations, acquisitions and distribution agreements to improve their market footprint.

For Instance, in December 2020, Pfizer Inc. and PostEra announced a strategic partnership with the goal of accelerating small molecule drug discovery by developing a platform technology based on generative chemistry.

Also, in January 2020, Merck announced its strategic collaboration for oncology platform with Taiho Pharmaceutical Co, Ltd. And Taiho Pharmaceutical Co, Ltd to expand its focus on small molecule inhibitors for cancer research.

Key players in the Small Molecule API market are focusing on developing novel drugs due to its demand across various therapeutic area. Some of the key players are , Hoffmann-La Roche Ltd, Albany Molecular Research Inc., AstraZeneca, Merck & Co, Inc., BASF SE, Teva Pharmaceutical Industries Ltd., Sanofi S.A., Pfizer Inc., Nanjing King-Friend Biochemical Pharmaceutical Co., Ltd., Novartis AG, Bristol-Myers Squibb, Boehringer Ingelheim GmbH, GlaxoSmithKline PLC, GILEAD Science Inc.,

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global Small Molecule API market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on Small Molecule API market on basis of Molecule by (Standard API, High Potency API), By Production (In-House, Out Source),Application (Clinical, Commercial), Therapeutic Area (Cardiovascular Diseases, Respiratory Disorders, Infectious Diseases, Metabolic Disorders, Oncology, Immunology, Neurology, Urology, Dermatology , Ophthalmology , General Health, Others) across seven major regions.

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Small Molecule API Market by Category Molecule Type

Standard API
HPAPI

Production

Captive/In-House
Out Source

Application

Clinical
Commercial

Therapeutic Area

Cardiovascular Diseases
Respiratory Disorders
Infectious Diseases
Metabolic Disorders
Oncology
Immunology
Neurology
Urology
Dermatology
Ophthalmology
General Health
Others

Region

North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa (MEA)
Oceania

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Obesity Management Market is projected to reach US$ 1.3 Billion by 2031

Globally, more than 1 billion individuals are overweight or obese and the numbers continue rising. This high prevalence of obesity will drive demand for obesity management products and services in the long term.

According to the World Health Organization (WHO), approximately 1.9 billion adults were overweight and 650 million adults were obese. Whereas 38.3 million children under 5 years of age were either overweight or obese in 2019. One in three adults in North America is obese. In the U.S., 80 million adults and 12.7 million children suffer from obesity.

Obesity is a prominent community health problem in many parts of the world. It is associated with numerous health disorders including gallbladder disease, heart disease, diabetes, stroke, hypertension, and fatty liver disease in addition to some cancers. According to a recent Future Market Insights (FMI) report, the market is set to surpass US$ 1.2 Bn by the end of the forecast period in 2031, with a CAGR of over 5%.

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Furthermore, there has been an increase in the per capita healthcare expenditure, especially in developed countries, with better reimbursement policies. People are now inclined towards out-of-pocket expenditure healthcare. Personal health, grooming, and concerns over social discrimination are leading people to take obesity management consultations.

However, the unprecedented pandemic crisis has had a significant impact on the obesity management market due to a slump of patient footfall in hospitals and clinics. Preference is now being given to the treatment of COVID-19 patients, limiting resources for anti-obesity consultations and related drugs or surgeries.

Also, there has been a halt in clinical trials for weight management drugs. However, with the availability and commencement of the COVID-19 vaccination, the clinical trials are resuming and are anticipated to pick up pace during the forecast period. Also, the adoption of telehealth and in developing countries is likely to bode well for the future of the market in the long term.

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Key Takeaways from Obesity Management Market Study

Bupropion and Naltrexone will reflect register faster growth at a CAGR of 8.4%, owing to an increase in the preference for combination therapy in weight management.
Gastric sleeve surgery will account for over 40% of the market throughout the forecast period owing to benefits of simplicity and time-efficiency.
The U.S. will lead the North America market with a share of over 64% in 2021, driven by continuing diet and lifestyle issues prevalent in the country.
Germany followed by Russia are leading markets in Europe, reflecting CAGR of over 6% through the end of 2031, driven by improvements in public health programs.
Japan dominates the East Asia market, accounting for 49% value share in 2021, with government awareness programs contributing to growth.

“The rapidly increasing obesity cases and the resultant chronic diseases have triggered concern among patients and healthcare professionals. The COVI-19 crisis has alarmed people, as overweight people are at higher risk of acquiring SARS-COV2. This consciousness may help in encouraging obesity management uptake through 2021 and beyond,” says the FMI analyst.

Key Participant Insights

Prominent players in the Obesity Management Market are focusing on collaborations, mergers & acquisitions for global expansion and enhanced opportunities focused on emerging economies thereby, enhancing their market presence.

The key market players covered by FMI include GlaxoSmithKline Plc., VIVUS, Inc., Novo Nordisk A/S, Currax Pharmaceuticals LLC, Cheplapharm Arzneimittel GmbH, Bausch Health Companies Inc., and Takeda Pharmaceuticals, Inc.

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Obesity Management Market by Category

By Drug Type:

Bupropion and Naltrexone
Orlistat
Lorcaserin
Phentermine and Topiramate
Liraglutide

By Surgery Type:

Gastric Bypass Surgery
Adjustable Gastric Banding Surgery
Gastric Sleeve Surgery
Duodenal Switch Surgery
Others

By Distribution Channel:

Hospitals Pharmacies
Retail Pharmacies
E-commerce

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Endovenous Laser Therapy Market is anticipated to reach US$ 811.0 Million by 2031

[151 Pages Report] According to a recent study by Future Market Insights (FMI), the global endovenous laser therapy market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 378.3 Mn in 2021 to over US$ 811.1 Mn by 2031. This reflects a cumulative CAGR of around 7.9% over the forecast period (2022-2031).

Rise in number of varicose veins cases, availability of technologically advanced laser therapy, shift towards minimally invasive procedures and increasing product launches are the primary factors responsible for the growth of the market during the forecast period.

Varicose veins are more common in pregnant women, partially because the baby puts more pressure on the veins and partly because hormones generated during pregnancy relax vein walls. Varicose veins can develop as a result of damage to a deep leg vein. Over the projected period, rising instances of varicose veins are expected to drive revenue growth in the endovenous laser systems market.

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Another factor that is having a positive impact on endovenous laser therapy is the rapid change in lifestyle with no physical activity and labour across the globe, as well as the rise in the elderly population, both of which are anticipated to contribute to the global market’s growth over the forecast period. The market is also expected to develop due to the quick and effective technique as well as the growing demand for endovenous laser therapy.Moreover, growing prevalence of obesity worldwide is driving growth of the endovenous laser therapy market. Obesity leads to problems related to blood circulation which leads to varicose veins.

Medical device manufacturers operating in the endovenous laser therapy market are focusing on providing user friendly devices to the end users to minimize chances of manual errors. In addition, continuous launch of new and improved products and increasing investment in research and development by the manufacturers in endovenous laser therapy devices would lead to growth of global market over the forecast period.

Key Takeaways from Endovenous Laser Therapy Market Study

Endovenous laser systems held the maximum share of 92.0% in 2021 by component, expanding at a rapid rate owing to the rising number of varicose veins cases and increase in number of product launches with advanced features.
Ambulatory surgical centers showed maximum growth among all end users with a market share of 36.2% in 2021 owing to the rise in demand for outpatient surgeries. In countries such as the U.S., endovenous laser therapy for varicose veins is majorly performed in ambulatory surgical centers rather than hospitals in order avoid long-time waiting in big hospital settings, which is why the segment is developing at a rapid rate
North America held the largest share of 42.7% of the global endovenous laser therapy market by region in 2021 indicating the growth due to increase in prevalence of obesity and growing number of FDA approvals in North America.

“Growing prevalence of varicose veins, shift towards minimally invasive procedures, availability of novel laser treatment and increasing number of product launches Is Expected to Drive the Demand for Endovenous Laser Therapy over the Decade,” says the FMI Analyst

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Who is winning?

The key market players covered by FMI include AngioDynamics, Inc., Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medical system GmbH, LSO Medical, Wontech Co., Ltd., intros Medical Laser GmbH and Energist Ltd.

Some of the leading manufacturers of endovenous laser therapy market are focusing on product launch, approvals, collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

In January 2021, Syneron Medical Ltd. announced the availability of the Frax Pro™ system. The FDA-cleared and CE-marked, non-ablative fractional device is the first platform featuring dual-depth skin resurfacing with both Frax 1550™ and the novel Frax 1940™ applicators.
In July 2020, Wontech announced that ‘Picowon’, an alexandrite (755nm)-based pico laser, has obtained US Food and Drug Administration (FDA) approval for the first time in Asia and the second in the world.

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The study provides compelling insights on endovenous laser therapy segment based on product (Endovenous Laser Systems {Diode Lasers and YAG Lasers}, and Endovenous laser Fibers {Bare Tip Laser Fiber, Radial Tip Laser Fiber and Gold Tip Laser Fiber}), and end user (hospitals, ambulatory surgical centers and Specialized Clinics) across seven major regions.

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Endovenous laser therapy Market by Category By Product

Endovenous Laser Systems
- Diode Lasers
- Yag Lasers
Endovenous Laser Fibers
- Bare Tip Laser Fibers
- Radial Tip Laser Fiber
- Gold tip Laser Fiber

By End User

Hospitals
Ambulatory Surgical Centers
Specialized Clinics

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Bidens Pilosa Extract Market Holds a Forecasted Revenue of US$ 37.41 Billion in 2022

The Bidens Pilosa extract market is likely to strengthen its hold in the global market at a moderate CAGR of 12.8% during the forecast period.

The global market holds a forecasted revenue of US$ 37.41 billion in 2022 and is likely to surpass US$ 109.39 billion by the end of 2032.

29This Bidens Pilosa Extract market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Bidens Pilosa Extract market.

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Bidens Pilosa Extract Market Outlook

In the era of the beauty industry, consumers are now shifting their focus from the basic beauty concept to a broader idea of skin health. This shift is due to the growing popularity of the healthy living trend among people, which consumers are now increasingly replicate it in their daily beauty routines. Additionally, the consumer is willing to spend more for better functionality, prestige look, and high-performance beauty products.

Thus, they are seeking for multifunctional claims formulated with anti-aging agents, antioxidants, lightening whitening agents, etc. Also, provide excellent skincare benefits as well as save time and money. Therefore, companies in the cosmetic market are developing a series of products with innovative cosmetic ingredients such as bidens pilosa extract used as multiple ways on the skin.

Bidens pilosa is a flowering plant species found in various regions across the globe. Bidens pilosa extract is an easy-to-grow herb which is widely distributed worldwide. In some part of the world, bidens pilosa extract is used in the food whereas in other areas it is used for medical purposes.

In the personal care and cosmetic industry, bidens pilosa extract is used as humectants, skin conditioning agent, healing agents, anti-wrinkle agents, whitening agents, and for other purposes. Bidens pilosa extract also has an anti-acne effect similar to other retinol products, which help the skin appear more youthful and brighter.

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Reasons for Covering Bidens Pilosa Extract Market Title

Consumers are now more concern about their skin health and demanding for natural skincare products for protection and various other purposes. Therefore, consumers are paying more attention to the effectiveness of skincare products and inclining to use highly specialized skincare products attributed to the growth of the bidens pilosa extract market.

Also, indie and legacy brands are seeking for innovative ingredients to offer green formulations to meet the growing desire of health-consciousness consumers. Moreover, increasing adoption for anti-aging products among women and a rapidly growing aging population worldwide are some other factors fueling the growth of bidens pilosa extract market during the forecast period.

However, the high use of topical retinoids to treat skin problems and aging signs can induce local reactions is one such factor that may hamper the growth of the global bidens pilosa extract market. The increasing availability of plant-based retinoid such as bidens pilosa extract in over the counter skincare products.

Along with the significant investment by prominent players in research and development of natural products are predicted to create the substantial potential for bidens pilosa extract market in the near future.

Global Bidens Pilosa Extract Market: Regional Outlook

Bidens pilosa extract market is anticipated to register significant growth across all the regions during the forecast period. The bidens pilosa extract market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.

North America is expected to be the leading markets in the global bidens pilosa extract market followed by Europe owing to the high demand for natural products, consumer awareness and high per capita spending on cosmetics. South Asia and East Asia bidens pilosa extract market are expected to account healthy CAGR during the forecast period.

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This market growth is owing to the folkloric use of bidens pilosa extract for herbal medicine. MEA is likely to offer attractive opportunity in the global bidens pilosa extract market in the coming years attributed to the increasing use of herbal products in the region.

Global Bidens Pilosa Extract Market: Key Players

Some of the key players operating in the global bidens pilosa extract market are Chemyunion Company, Koei Kogyo Co., Ltd., Neora Colombia S.A.S., Bath Spa Skincare Company, Hunan Nutramax Inc., Xi’an DN Biology Co., Ltd., Xi’an Teng Yun Biotech Co., Ltd., Lisi (Xian) Bio-Tech Inc., Yangling Ciyuan Biotech Co., Ltd., and others.

Global Bidens Pilosa Extract Market: Key Developments

In 2017, Chemyunion Company introduced a new plant-based anti-aging ingredient ‘Revinage’- bidens pilosa extract, an alternative to traditional retinoid to treat aging skin. This bidens pilosa extract is used for the treatment of many common skin diseases such as rosacea, psoriasis, hyperpigmentation as well as reduce wrinkles and sign of aging.
In the bidens pilosa extract market, companies are also focused on various research and development activities to expand its existing product lines.

The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Banquet Carts and Heated Cabinets Market to Sustain Owing to Expertise of Quick Service and Fast Food Retail Giants

The banquet carts and heated cabinets are part of the food service industry. The primary function of these equipment is to store prepared food and transport/serve it to customers the moment they place the order.

Hence, the role of these equipment fit quite well in the quick service restaurants and fast food chains. The banquet carts and heated cabinets fall under the holding cabinet segment and are usually found in banquets and buffet themed restaurants.

The catering industry heavily relies on these equipment. Taking the ongoing conditions into account, the banquet carts and heated cabinets market is expected to project a stagnant growth rate over the forecast period.

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Banquet Carts and Heated Cabinets Market to Sustain Owing to Expertise of Quick Service and Fast Food Retail Giants

Most of the quick service restaurants and fast food outlets are franchises of world known organizations. The franchise system enforces strict food quality and safety regulations that ought to be followed by the employees. Though the food made is unhealthy in terms of nutritional content, consumers are well aware about their quality food services and safety measures.

Fast food giants such as McDonald’s, Subway, Starbucks, etc. assure precautionary measures while handling of food and beverages and thus, gives a reason for banquet carts and heated cabinets market to sustain over the forecast period.

Global Banquet Carts and Heated Cabinets: Key Players

Some of the key players manufacturing banquet carts and heated cabinets are as follows –

Alto-Shaam
ARIANEL BEVLES
BOURGEAT
CARTER-HOFFMANN
CRES COR
Enofrigo
Forbes Group Ltd
INFRICO
S.L.
NATTAY ENTERPRISE
Ozti
RETIGO
RM GASTRO
Roller Grill
Trautwein
True Food International
VULCAN
Williams Refrigeration
ZANUSSI PROFESSIONAL
Metro
Hatco
Turbo Air
Traulsen
True Refrigeration.

Opportunities for Global Banquet Carts and Heated Cabinets Market Participants

Europe region holds a dominant market share in the global banquet carts and heated cabinets market owing to a fairly functional food service industry. North America region ranks in second in terms of market share and displays keen interest in technology-enabled and multipurpose banquet carts and heated cabinets.

South Asia is expected to be the fastest growing markets over the forecast period. East Asia provides business opportunities to local market players whereas MEA and Oceania regions are open for all market players.

COVID-19 Impact

The hospitality and tourism industry have been badly hit by the coronavirus crisis and is projected to face a loss of nearly US$ 2.3 trillion for the current year, indicating a bad sign for the market players.

The COVID-19 situation has put loose restrictions on gatherings, functions, events, or any kind of banquets, giving tough time to the food service businesses. The quick service restaurants and fast food chains are now functional but they too have to deal with shortage of customers.

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The market is expected to face severe loss and eventually a slow recovery rate over the forecast period. The banquet carts and heated cabinets 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 banquet carts and heated cabinets market, including but not limited to: regional markets, product type, function, slide type, application, and motion.

The Report Covers Exhaustive Analysis on

Banquet carts and heated cabinets market segment
Banquet carts and heated cabinets market dynamics
Banquet carts and heated cabinets market size
Banquet carts and heated cabinets supply and demand
Current trends/issues/challenges pertaining to banquet carts and heated cabinets market
Competition landscape and emerging market participants in banquet carts and heated cabinets market
Technology related to production/processing of banquet carts and heated cabinets
Value chain analysis of the banquet carts and heated cabinets 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 banquet carts and heated cabinets 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.

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By doing so, the Banquet carts and heated cabinets market report projects the attractiveness of each major segment over the forecast period.

Banquet Carts and Heated Cabinets: Market Segmentation

By Product Type

Banquet Cart
Electric Banquet Cart (Enclosed)
Canned Fuel Banquet Cart (Enclosed)
Queen Mary Banquet Cart (Open)
Beverage Banquet Cart
Dish Caddies
Others (Versatile Banquet Cart, Mobile Cooking Cart)
Heated Cabinet
Insulated Heated Cabinet
Non-Insulated Heated Cabinet

By Based on Function

Heat & Humidity
Heat
Humidity
Transport Only
Food & Drinks
Kitchenware
Others (Cool, Heat & Cool)

By Slide Type

Adjustable Slides
Bottom Load Slides
Fixed Wire Slides
Lip Load Slides
Shelves
Universal Slides
None
Universal Wire Slides

By Application

Banquets
Fast Food Restaurant
Quick Service Restaurants
Catering
Others

By Motion

Movable (Castors)
Stationary (No Castors)

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Wheat Germ Oil market is projected to USD 1,016.6 Mn by 2032-FMI

Wheat germ oil is a fat-soluble natural oil that is extracted by cold pressing from the germ of wheat kernel which is amber to light brown in appearance with heavy odor and nutty flavor. Wheat germ oil contains around 25% of the stuff that is found in wheat grain such as vitamins, minerals and proteins. Wheat germ oil contains fatty acids such as linoleic acid (omega-3), palmitic acid, linoleic acid (omega-6), stearic fatty acids, and oleic acid which promotes cell generation and growth coupled with maintaining healthy immune system, nervous system and reproductive system.

Wheat germ oil contains omega-3 fatty acids that helps in reducing blood pressure and cholesterol levels. Wheat germ oil is a rich source of vitamin E which is also contains anti-oxidant, lecithin and proteins. Wheat germ oil is mostly used as a cooking oil which is strongly flavored, expensive and easily perishable. Wheat germ oil is also used internally as supplements such as soft gels. Wheat germ oil is used as an alternative to flaxseed oil or vegetable oil.

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Global Wheat Germ Oil: Market Segmentation

The global wheat germ oil market is segmented on the basis of applications and region. The wheat germ oil market is segmented on the basis of applications such as dietary supplements such as capsules and soft gels and cosmetics such as in skincare and hair-care products. Wheat germ oil is also used in food products such as edible oils, salads, pasta, germ-enriched bread, snack foods, cereals, and others. Wheat germ oil is also used in medical industries such as medicinal supplements. Hence, the global wheat germ oil market is expected to significantly increase the revenue contribution over the forecast period.

Global Wheat Germ Oil Market: Regional Outlook

Geographically, the global wheat germ oil industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global Wheat Germ Oil market followed by Europe. Increasing snacking industry and demand for convenient and on-go-option snack foods, has strengthened the growth of global Wheat Germ Oil market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Global Wheat Germ Oil Market: Growth Drivers

The global wheat germ oil market major driving factors are increasing demand of wheat germ oil in cosmetics industry for skincare products coupled with rising number of wheat germ oil based dietary supplements are expected to significantly increase the revenue contribution of the global wheat germ oil market over the forecast period. Many consumers are using wheat germ oil in cooking as it is easily available and affordable. Wheat germ oil is mainly used in medicinal supplements as it lowers blood pressure and cholesterol levels. Wheat germ oil contains essential fatty acids that are necessary for cell regeneration and helps in maintaining immune system of the body. Hence, the global Wheat Germ Oil market is expected to observe robust growth over the forecast period.

Global Wheat Germ Oil Market: Key Players

Some of the key players identified across the value chain of the global wheat germ oil market include CONNOILS LLC, General Nutrition Centers, Inc., Swanson Health Products, NOW® Foods, VIOBIN USA, Country Life, LLC, Inlife Pharma Pvt. Ltd., NutriPlex Formulas Inc, KUNHUA BIOLOGICAL TECHNOLOGY CO., LTD, Henan Ingredients Group Co.,Ltd, and GNLD International LTD. The companies are expected to expand their business by enhancing their product portfolio in global wheat germ oil market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global wheat germ oil market till 2026.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, and others)
Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Benelux, Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

The 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 analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

Wheat Germ Oil Market

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Report Highlights:

Detailed overview of 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

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Automotive Hardware Market Trends, Growth, Future Demand, Analysis and Forecast by 2029 – FMI

Escalating sales of commercial vehicles are identified to remain among the key factor bolstering sales of automotive hardware at a global level. The global automotive hardware market is projected to reach a market value in excess of US$ 100 Bn by 2029 end, with growth anticipated at a moderate CAGR during the forecast period (2019 – 2029). The rate of replacement of automotive hardware in heavy commercial vehicles (HCVs) has been on a higher side than passenger cars, which would drive automotive hardware sales in the following years, as suggested by a new Future Market Insights (FMI) study.

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Key Takeaways – Automotive Hardware Market Study

OEMs are majorly driving growth of the automotive hardware market.
High aftermarket fitment rate of automotive hardware and vehicle modification trend are also moderately contributing to the market growth.
As people are less brand-conscious at the time of replacement of majority of products such as door seals, mounting brackets, door straps, among others, independent players play key role in aftermarket replacement.
More than 40% of the revenue in automotive hardware market comes through sales of door latches and mounting brackets. High replacement rate of these products is fuelling market growth.

OEMs would remain the primary contributors to the global automotive hardware market. However, increasing rate of vehicle modification is also playing an important role, of late, in driving the aftermarket sales of automotive hardware.

Lucrative Growth Opportunities Abound in South East Asian Market

The demand for automotive hardware is expected to gain traction in South East Asia in the coming years, owing to higher automotive production. Increasing disposable income and growing middle class income group in this region are expected to fuel market growth. Countries including India, Indonesia, Thailand, and Malaysia to contribute to the growing market of automotive hardware in the region.

What Is Driving Competition in Automotive Hardware Market?

The global automotive hardware market is highly competitive, with the presence of large number of global and regional manufacturers. Key manufacturers such as Magna International Inc., Aisin Seiki Co Ltd, Mitsui Mining and Smelting Co Ltd, Nissin Kogyo Co Ltd, Dorman Products, and Gestamp Automocion account for very less share of the overall market. In the current scenario, Europe and East Asia are anticipated to account for more than half of the market value share of the global automotive hardware market, owing to higher automobile production in these regions.

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AUTOMOTIVE HARDWARE MARKET TAXONOMY

The global automotive hardware market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

Door Latches
Exterior Door Handles
Door Seals
Door Straps
Door Hinges
Mounting Brackets
Gas Springs
Fuel Flaps
Grab Handles
Shackles
Bonnet Support Rods
License Plates
Seat Belt Latches
Door Lock Buckles

Vehicle

Passenger Vehicles
- Compact Cars
- Mid-sized Cars
- Luxury Cars
- SUVs
Light Commercial Vehicles
Buses & Coaches
Trucks & Trailers

Sales Channel

OEM
Aftermarket

Region

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

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Extensometer Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2028

Extensometer was invented by Charles Houston in 1879. Houston later gave rights to Fairbanks & Ewing (a manufacturer of scales and testing machines). Traditionally, extensometers are the most convenient and widely used instruments for the measurement of strains in a material test specimen. These extensometers are based on contact techniques.

However, non-contacting optical techniques are becoming more important. An extensometer is an instrument used to check the changes in the dimension (especially length) of an object. Extensometers are useful for stress strain measurement and tensile tests. The extensometers are divided into two categories: contact and non-contact. In recent years, significant developments have happened in the area of noncontact extensometers – extensometers based on laser and video technology have been developed.

In the mining industry, extensometers are used to measure displacements on high/batters. Plotting time verses displacement enables engineers to determine if walls are failures about to happen. And for difficult failures, equipment such as lasers and radar scans are used, which allow three-dimensional and four-dimensional analysis. Some of the standards associated with extensometers are ASTM E83 Standard for classification and verification of Extensometers and ASTM D4403 standard for the extensometer used in rock.

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Extensometer Market: Dynamics

Increasing mining activity across various regions will spur the demand in the extensometer market. Mining industry contributes a healthy share to a country’s GDP. Even mining done on a small scale contributes a healthy share to the entire mineral production. However, various rules and regulations associated with extraction of minerals could hamper the growth of the extensometers market. Increasing scope of applications involving integrity test of materials such as metals, composites and polymers in construction, automotive and other industrial sectors are deemed to offer future growth opportunities for the Extensometers market.

Over the years, the mining industry has developed through a year-long process that has brought together more than hundreds of stakeholders from governments, private sector, non-governmental and international organizations. Moreover, growing urbanizations & industrialization, particularly in emerging economies, will lead to demand for commodities from metal and mining industries. People living in cities consume higher share of resources – their population is expected to get doubled in near future. Due to the aforementioned reasons, the demand for mining will increase, which in turn, will increase the demand in the extensometers market.

Extensometer Market: Trend/ Regional Outlook

North America and Europe have beenthe traditional markets adopting the extensometers in related uses since inception. These regions are expected to find a fair share of extensometers with an optimal growth rate. However, with the crux shift of manufacturing and construction sectors towards developing countries and emerging economic regions of South East Asia is projected to witness a significant growth over the forecast period

Extensometer Market: Market Participants

Examples of some of the market participants/vendors operating in the Extensometer market across the globe are:

Mechatronics
Tinuis Olsen
Illinois Tool Works Inc.
Zwick Roell
3R
EchoLAB
Shenzhen Wance Testing Machine
Reliant Technology
Volumec Mechanical Innovations
LIMESS Messtechnik und Software GmbH
Magtrol
Agisco s.r.l.

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Extensometer Market: Segmentation

Contact extensors measure extension accurately and are cost-effective. Though, clip-on extensometers need more physical involvement and, without maintenance, can present incorrect test results. Sensor arm extensometers provide high accuracy and ease of use owing to their entirely automatic operation, which includes the setting of variable gage lengths. Non contacts extensometers are required when the specimen is sensitive to knife edges or when the extensometer may get damaged in case of a test specimen failure. Next laser extensometers are used for materials where traditional clip on an extensometer or mass of clip affects the materials properties due to being physically attached to sample. Laser extensometers can be used for testing at sub-zero or elevated temperatures. A video extensometer is a device which is capable of performing stain/stress measurements of certain materials, by taking continuous images of the specimen during tests, using a digital video camera or frame grabber attached to a personal computer.

On the basis of type, the Extensometer market can be segmented into:

Contact
Clip On
Sensor Arm
Non-Contact
Laser
Video

On the basis of function, the Extensometer market can be segmented into:

Rod Extensometer (consist of anchor set at specified depths)
Magnet Extensometer (consists of series of magnet that are installed with an access pipe)
Tape Extensometer (monitor convergence in undergroundopenings, such as tunnel)
Sensors arm Extensometers
Others

On the basis of application, the Extensometer market can be segmented into:

Mining
Others

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

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Fungicide Active Ingredients Market is expected to grow at a CAGR of 3.5%-FMI

Fungicides are first found chemical compounds utilized by people to preserve the plants from infections and pollutions. This chemical compound reduces the fungal growth in crops and thus plays a significant role in protection of crops.

It has been observed that, diseases are the key source for damage of crop and plant that can be caused by number of organisms. Fungi is the topmost cause for infection of plants all across the globe.

Apart from this, other diseases that hamper the growth of crops include nematodes, bacteria and viruses. Fungicides have become a significant component for the management of plant diseases for agrarian crops.

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Fungicides are utilized both in agriculture as well as to kill fungal infections in animals. Fungicides are utilized as a formulated product comprising of an active ingredient and as well as inert ingredients that enhance the functioning of the product.

The global fungicide active ingredients market has grown at a rapid pace over the past few years and is anticipated to expand at a significant CAGR over the forecast period.

Global Fungicide Active Ingredients Market: Growth Drivers

Rising population leading to increase in food production which encourages the farmers to adopt optimum type fungicide for protection of crop in order to maximize the production and to minimize the risk related to crop infections. This is anticipated to expand the growth of global fungicide active ingredients market over the forecast period.

Apart from this, robust demand for fungicides in major applications such as vegetable and fruit crops and in ornamental and turf grass is also likely to foster the growth of worldwide fungicide active ingredients market from 2016-2026.

Expansion in population especially in developing countries such as India and China is expected to impel food related security concerns in the region which is likely to fuel the growth of global fungicide active ingredients market during the forecast period.

Global Fungicide Active Ingredients Market: Regional Outlook

Geographically, the Global Fungicide Active Ingredients industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.

Europe captured the maximum market share in the total revenue of global fungicide active ingredients market in 2015. Rising population along with increasing the education level in developing countries is anticipated to bolster the growth of Asia Pacific fungicide active ingredients market over the forecast period. Besides this, Latin American fungicide active ingredients market is also expected to observe robust growth during the next few years.

Global Fungicide Active Ingredients Market: Players

Some of the leading players identified across the value chain of the global Fungicide Active Ingredients market include BASF, Bayer Cropscience, DuPont, Dow AgroSciences, Syngenta and Monsanto.

In 2015, BASF marked the highest market share in terms of revenue in global fungicide active ingredients market. Most of players also function regional research and testing centers across all the geographic locations in order to keep the product market oriented as per the need.

The companies are entering into widening their product portfolio and focusing on merger and acquisition in order to gain the competitive edge in global fungicide active ingredients market. Significant investment in research and development activities is expected by the companies over the coming few years in order to maintain the dominance in global fungicide active ingredients market in future.

The Report covers exhaustive analysis on:

Fungicide Active Ingredients Market Segments
Fungicide Active Ingredients Market Dynamics
Historical Actual Market Size, 2012 – 2015 for Global Fungicide Active Ingredients Market
Fungicide Active Ingredients Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Fungicide Active Ingredients Market Current Trends/Issues/Challenges
Competition & Companies involved in Global Fungicide Active Ingredients Market
Technology
Value Chain
Global Fungicide Active Ingredients Market Drivers and Restraints

Regional analysis for Global Fungicide Active Ingredients Market includes

North America
- US & Canada
Latin America
- Brazil, Argentina & 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

Global Fungicide Active Ingredients: Market Segmentation

Global Fungicide Active Ingredients market is segmented on the basis of type of active ingredients such as

azoxystrobin
boscalid
chlorothalonil
cyazofamid
etridiazole (ethazole)
fenarimol
fludioxonil
fluoxastrobin
flutolanil
fosetyl-Al
iprodione
mancozeb
mefenoxam
metconazole
myclobutanil
PCNB (quintozene)
phosphites
polyoxin D zinc
propamocarb
propiconazole
pyraclostrobin
tebuconazole
thiophanate-methyl
triadimefon
trifloxystrobin
triticonazole
vinclozolin

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The global fungicide active ingredients can also be bifurcated on the basis of application in crops such as

cereals
grains
pulses
oilseeds
vegetables
fruits
others

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