Market Research Blog – Page 1020 – New Product Development

Gluten-Free Flours Industry to Reach USD 9.66 Billion by 2034, Sustaining a 3.8% CAGR | Future Market Insights, Inc.

Gluten-Free Flours Industry

According to a Future Market Insights (FMI), with a steady compound annual growth rate (CAGR) of 3.8% expected from 2024 to 2034, the gluten free flours market is anticipated to expand further, reaching a size of USD 9,657.5 Million by the end of 2034. This growth reflects increasing consumer demand for gluten-free alternatives driven by health consciousness and dietary trends.

Gluten-free flours have become increasingly popular due to the rising awareness of gluten-related disorders such as celiac disease and gluten sensitivity. These flours, derived from non-wheat sources like rice, almond, coconut, and chickpeas, provide alternatives for those avoiding gluten in their diets.

The diversity of gluten-free flour options allows for versatility in cooking and baking, catering to a wide range of dietary needs. As consumers become more health-conscious, gluten-free flours are also appealing to those seeking perceived benefits like improved digestion and overall wellness.

The growth of the gluten-free flour market is driven by several factors, including increased diagnosis of celiac disease, growing consumer demand for healthier and specialized food products, and the expanding availability of gluten-free options in mainstream supermarkets and online platforms.

Additionally, the rise of the gluten-free trend among non-celiac individuals, fueled by endorsements from celebrities and influencers, has further bolstered market growth. Innovations in product development, such as enhancing taste and texture to mimic traditional wheat-based flours, are also contributing to the market’s expansion.

The gluten-free flours market is experiencing significant growth, driven by rising health awareness and the increasing prevalence of gluten intolerance and celiac disease. Consumers are seeking healthier, plant-based alternatives, boosting demand for flours like almond, coconut, rice, and quinoa.

The market is also expanding due to the growing popularity of gluten-free diets among non-celiac individuals, who perceive these products as healthier. Innovations in product offerings, better texture, and improved nutritional content are further propelling market growth, with strong demand observed in North America and Europe.

Key Takeaways:

Gluten-Free Flours sales in Japan to expand at a CAGR of 4.1% from 2024 to 2034.
USA Gluten-Free Flours market to grow steadily at a CAGR of 3.5% during forecast period 2024 to 2034.
Gluten-Free Flours industry in China to grow at a pace of 4.7% CAGR from 2024 to 2034.
Bread & Bakery Products application is projected to grow with a forecast CAGR of 4.1% from 2024 to 2034.
Oat Flour gaining a projected value share of 28.4% in 2034 with a value of USD 2,742.7 Million owing to a forecast CAGR of 4.6%.

“Quinoa and amaranth are gaining popularity in the gluten-free flour market for their nutritional benefits and rich flavors. The rise of plant-based diets is boosting demand for flours like almonds and chickpeas. Ready-to-use blends are becoming popular for their convenience, with companies innovating to meet consumer preferences for health, sustainability, and simplicity.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Analysis:

The global gluten-free flours market is evolving rapidly as companies strategize to capitalize on the increasing demand for healthier food options. Mergers and acquisitions have become key instruments for these firms to expand into emerging sectors and strengthen their competitive position. Larger corporations are able to quickly diversify their portfolios by acquiring smaller, niche companies that are agile in adapting to market trends.

Browse More Detailed Competitive Analysis: https://www.futuremarketinsights.com/reports/gluten-free-flours-market

Leading Companies in Gluten-Free Flours Industry:

Agrana Beteiligungs-AG
Sunopta Inc.
Cargill, Incorporated
The Scoular Company
Enjoy Life Foods LLC
Parrish and Heimbecker
Archer Daniels Midland Company
Hain Celestial Group Inc.
General Mills, Inc.
Associated British Foods Plc.
The Hain Celestial Group Inc.
Limagrain
Others

Gluten-Free Flours Market Segmentation Analysis:

By Type:

Amaranth Flour
Corn Flour
Maize Flour
Oat Flour
Coconut Flour
Bean Flour

By Source:

Cereals
Legumes

By End Use Application:

Bread & Bakery Products
Soups & Sauces
Ready-to-eat Products
HoReCa, and Other Channels

By Distribution Channel:

Pharmacies/Drugstores
Health & Beauty stores
Hypermarket/Supermarket
Direct Selling
Online

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Compressors and Vacuum Pumps Market Projected to Reach USD 57.8 Billion by 2033, Driven by Industrial Expansion and Technological Advancements

The global market for compressors and vacuum pumps is projected to reach USD 37.6 billion in 2023, driven by the growing expansion of the industrial sector. This market is expected to grow to USD 57.8 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033.

The surge in demand for compressors and vacuum pumps is particularly evident in developing economies, where industries such as manufacturing, oil and gas, and chemicals are on the rise. Additionally, increased investments in infrastructure projects—including construction, power generation, and transportation—are contributing to this demand.

Ongoing innovation in compressor and vacuum pump technologies is leading to the creation of more energy-efficient and eco-friendly solutions. Stricter environmental regulations concerning emissions and energy efficiency are driving the adoption of advanced compressors and vacuum pumps. Companies are focusing on designing products that meet these regulations and minimize their environmental impact. Furthermore, the rising trend of industrial automation and the implementation of smart manufacturing techniques are increasing the demand for advanced compressed air and vacuum systems, which are essential for automated production processes.Bottom of Form

Key Takeaways:

From 2018 to 2022, the compressor and vacuum pumps market demand expanded at a CAGR of 5.4%.
Based on the product type, the positive displacement compressor segment accounts for a CAGR of 4.2%.
By application, the Industrial segment is expected to expand at a CAGR of 4.0% during the forecast period.
North America to emerge as a promising market for compressor and vacuum pumps, capturing a CAGR of 4.3%.
The compressor and vacuum pumps industry in the United Kingdom is predicted to reach USD 2.3 billion by 2033.
Compressor and vacuum pumps market in South Korea is predicted to achieve a market revenue of USD 3 billion by 2033.

Asia Pacific to be an opportunistic compressor and vacuum pump market, expected to capture a CAGR of 4.3% during the forecast period.

Competitive Landscape:

Atlas Copco AB; Bauer Compressors Inc., Ariel Corporation; Baker Hughes Company; Aerzener Maschinenfabrik GmbH; are some of the prominent players in the compressor and vacuum pumps market.

Siemens is a leading player in the compressors and vacuum pumps market, offering a wide range of solutions for different applications. The company focuses on providing energy-efficient compressors and vacuum pumps that comply with environmental regulations. Siemens has also integrated IoT technology into its products, enabling remote monitoring and predictive maintenance capabilities. The company aims to provide sustainable and reliable solutions for industrial processes.
Pfeiffer Vacuum specializes in high-performance vacuum solutions. The company offers a comprehensive range of vacuum pumps, including rotary vane, diaphragm, and turbomolecular pumps. Pfeiffer Vacuum has focused on developing advanced vacuum technology for various industries, including semiconductor, analytical, and research applications. They continuously invest in R&D to offer innovative and reliable vacuum solutions.

Market Segmentation:

By Product Type:

Positive Displacement Compressors
Dynamic Compressors
Rotary
Liquid Ring
Diaphragm
Others

By Application:

Industrial
Commercial
Residential

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Report Preview: https://www.futuremarketinsights.com/reports/compressors-and-vacuum-pumps-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Animal Feed Market on Track to Hit USD 929 Billion by 2033, Driven by Innovations in Sustainable Nutrition | Data by Future Market Insights, Inc.

Animal Feed Market

According to Future Market Insights (FMI), the global animal feed industry is set to be valued at USD 530.0 billion in 2023. It is anticipated to reach USD 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGR of 7.3%.

The Increasing world population has boosted the demand for animal protein. Demand for the production of livestock and poultry has surged as more individuals move into the middle class and adopt diets high in meat & dairy products. A greater amount of animal feed is needed to meet this demand.

The Rising demand for animal feed is partly a result of economic growth in emerging markets. Populations of nations such as China, India, and Brazil are demanding more varied meals as a result of the rising industrialization and urbanization of those nations. As a result, people are eating more meat, which has increased the need for animal feed.

Growth in demand for animal feed has been significantly influenced by the expansion of aquaculture. In order to address the rising global demand for seafood, fish farming has gained immense popularity.

For fish to develop effectively, feed must be nutrient-rich. The Need for specialized feeds made for various species increases as aquaculture develops.

Research & developments in animal nutrition have shown the advantages of tailored diets for livestock and poultry. In order to enhance animal health, growth rates, and product quality, farmers and producers are beginning to realize how crucial it is to provide balanced & high-quality feed. Due to this awareness, feed formulations are becoming more complex, and demand for specialty feed products is rising.

Global demand for animal feed is on the rise, in part due to the ongoing expansion of the pet food sector. Demand for premium pet food has soared as more people acquire pets and cherish them as beloved family members.

A sizable market has been generated for specialty pet food formulations that meet distinct dietary requirements of multiple animal species, including dogs, cats, and exotic pets. Demand for components used in animal feed is increased by the sector’s heavy reliance on it.

High-performance animal breeds that need specialized diets have emerged as a result of improvements in livestock genetics and breeding methods. These genetically enhanced animals have special nutritional needs to sustain their development, output, and general well-being.

To address the unique nutritional requirements of these animals, there is a growing demand for customized and specialized animal feed formulations. This trend is especially noticeable in the poultry and dairy sectors, where maximizing production and performance is highly valued.

Key Takeaways from this Market Report:

The global animal feed industry elevated at a CAGR of 6.1% from 2018 to 2022.
The United States animal feed industry is projected to witness a considerable CAGR of 6.3% in the next ten years.
China animal feed industry is anticipated to reach a valuation of US$ 101.6 billion by 2033.
The United Kingdom animal feed industry is likely to register a CAGR of 5.4% from 2023 to 2033.
By source, the plant-based segment is projected to hold the most prominent animal feed market share in 2033.

“Through a variety of factors, the retail sector is vital in driving up demand for animal feed. Retail businesses might directly affect consumer choices by providing an extensive selection of animal-based goods. It is hence expected to open the door to new opportunities” – says a lead analyst at Future Market Insights (FMI).

Who is winning?

Leading companies are placing a strong emphasis on quality assurance in the global animal feed industry. They are doing this by putting strict testing and quality control procedures into place at every stage of the manufacturing process.

They are further gaining certificates such as good manufacturing practices (GMP) or quality certifications for the production of organic or non-GMO feed. The credibility and confidence of customers can be increased with this tactic.

Brands might additionally distinguish their animal feed products by providing distinctive formulas, specialist ingredients, or particular advantages catered to certain animal species. They can differentiate themselves in the market and satisfy particular needs thanks to this tactic.

In order to address the rising demand for ecologically friendly products, numerous animal feed companies might implement sustainable and eco-friendly procedures. They can use less waste, water, and energy while obtaining materials from sustainable agriculture.

For instance,

Evonik declared its intention to release an improved version of Biolys in May 2023. It would be a reliable source of lysine for animal feed. Clients will be able to more efficiently meet the essential amino acid L-lysine needs of their animals.

Get More Valuable Insights into this Market Report:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global animal feed industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the animal feed industry based on species (poultry (commercial), backyard poultry, ruminants, swine, equine), form (wet/moist food, dry kibble, semi-moist food, frozen, and freeze-dried food), source (plant-based, animal-based, micro-organisms), sales channel (direct sales, indirect sales, modern trade, animal feed stores, veterinary clinics, online retailers), and regions.

Purchase Now to Access Comprehensive Segmented Information, Identify Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/17499

Key Companies Profiled are:

DSM N.V
BASF SE
Parry Nutraceutical
Fuji Chemical Industries Co
Divi’s Laboratories
Piveg, Inc
Fenchem Biotek Ltd.
Alga technologies
Cyanotech Corporation
Zhejiang NHU Co., Ltd.

Market Outlook by Categorization:

By Species:

Poultry (Commercial)
Backyard Poultry
Ruminants (Cattle, Sheep, Goats)
Swine
Equine

By Form:

Wet/Moist Food
Dry Kibble
Semi-moist Food
Frozen
Freeze-dried Food

By Source:

Plant-based
Animal-based
Micro-organisms

By Sales Channel:

Direct Sales
Indirect Sales
Modern Trade
Animal Feed Stores
Veterinary Clinics
Online Retailers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

About the Food & Beverage Division at Future Market Insights (FMI):

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 Billion+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Freshwater Microalgae Market to Reach USD 1.6 Billion by 2033, Growing at 9.3% CAGR | Data by Future Market Insights, Inc.

According to Future Market Insights (FMI), the worldwide freshwater microalgae market is valued at USD 658.7 million in 2023. It is anticipated to cross a valuation of USD 1,605.0 million by the end of 2033.

Over the next decade (2023 to 2033), global freshwater microalgae demand is likely to increase at a CAGR of 9.3%. Sales are expected to remain particularly high for Spirulina spp. due to its high nutritional content.

The rising usage of freshwater microalgae across food & beverage, pet food, and healthcare sectors is a prominent factor expected to boost the global market.

The demand for freshwater microalgae and products derived from microalgae is influenced by shifting consumer trends and preferences. This includes a growing preference for plant-based foods and the rising popularity of functional foods.

Today, consumers are showing a keen interest in plant-based and environmentally friendly alternatives in food, beverages, and personal care products. This is prompting companies to use freshwater microalgae in their products which will continue to boost the market.

Market expansion is further sparked by consumer awareness of the advantages microalgae have for the environment and their health.

Microalgae are rich sources of protein, fatty acids, and bioactive compounds. Hence, they provide various potential health benefits which are fueling their sales.

Growing usage of microalgae as ingredients in the production of pharmaceutical, aquaculture, and nutraceutical products will boost the global freshwater microalgae industry.

The government’s expanding efforts to standardize freshwater microalgae cultivation will act as a catalyst triggering the freshwater microalgae market growth.

Key Takeaways from this Report:

The global freshwater microalgae market is expected to reach a valuation of US$ 1,605.0 million by 2033.
Global demand for freshwater microalgae is likely to soar at 9.3% CAGR over the forecast period.
By strain type, spirulina Spp. segment is projected to thrive at a robust pace through 2033.
Based on end-use applications, the food & beverage segment holds a significant share of the global market.
Europe is expected to retain its dominance in the global market with a value share of 33.7% by 2033.
North America is projected to hold around 24.1% share of the global market by 2033.
The United States freshwater microalgae market value is projected to reach US$ 338.2 million by 2033.
Freshwater microalgae demand in China market is set to rise at 7.4% CAGR through 2033.

“The market for freshwater microalgae is expanding as a result of rising interest in environmentally friendly, plant-based food sources as well as growing public awareness. Its expansion is having an effect on the world by giving the food, cosmetics, pharmaceutical, and biofuel sectors a nourishing and adaptable ingredient. It also helps to sequester carbon,” – says a lead analyst at Future Market Insights (FMI).

Who is Winning?

Allmicroalgae, Cyanotech Corporation, Earthrise Nutritionals, Ecoduna, Fermentalg, Fujifilm Corporation, Heliae Development, LLC, Lyxia Corporation, Martek Biosciences (a division of DSM), Nutress B.V, EID Parry (Parry Nutraceuticals), Pond Technologies are key freshwater microalgae companies listed in the report.

These players are focusing on launching new products to expand their portfolios. They also employ strategies such as facility expansions, mergers, advertisements, partnerships, acquisitions, and agreements to stay relevant in the market. For instance,

In 2019, ‘Spirulina Pacifica’, a new freshwater microalgae product was introduced by Cyanotech Corporation.

Get More Valuable Insights:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global freshwater microalgae market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the freshwater microalgae market based on strain type (Chlorella Spp., Spirulina Spp., Nannochloropsis, Dunaliella, Haematococcus Spp., Scenedesmus Spp., Euglena Spp., Tetraselmis spp.) and end-use application (food & beverage sector, health & medical sector, animal feed sector, biofuel production, cosmetics & personal care sector, fertilizers sector, and pet food Sector) across various regions.

Don’t hesitate, buy now and gain the competitive edge you deserve: https://www.futuremarketinsights.com/checkout/17474

Key Segmentation:

By Strain Type:

Chlorella spp.
Spirulina spp.
Nannochloropsis
Dunaliella
Haematococcus Spp.
Scenedesmus spp.
Euglena spp.
Tetraselmis spp.

By End Use Application:

Food & Beverage Sector
Health & Medical Sector
Animal Feed Sector
Biofuel Production
Cosmetics & Personal Care Sector
Fertilizers Sector
Pet Food Sector

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Xanthan Gum Market in the U.S. Poised for 6.7% CAGR Growth, Signaling a Strong Future | Future Market Insights, Inc.

Xanthan Gum Market

The Growing Demand for Minimally Processed Ingredients Propels the Xanthan Gum Market, Forecasted to Reach USD 1,754.8 Million by 2033.

The xanthan gum market is poised for remarkable growth during the forecast period 2023 to 2033, with a projected CAGR of 6.6%. This industry is set to expand significantly, driven by the escalating demand for minimally processed ingredients across various sectors.

In the baking industry, the usage of additives has witnessed a substantial surge, leading to increased adoption of xanthan gum. This versatile ingredient is employed to modify the rheology and texture of aqueous solutions, offering flexibility and enhancing product quality.

Being water-soluble and comprised of high molecular weight polysaccharides, xanthan gum serves several crucial functions in food systems. It helps form gel structures, increase viscosity, form a protective film, inhibit syneresis, control crystallization, encapsulate flavours, and improve texture. Consequently, the applications of xanthan gum span multiple sectors, and it is a vital ingredient in various industries.

Xanthan gum offers several label-friendly claims and certifications, such as organic and non-GMO/GE and vegetarian and vegan options. It has also been observed that it provides shelf-life stability, improves viscosity, and offers consistent functionality.

These features of xanthan gum provide manufacturers with opportunities to increase sales in the xanthan gum market by offering products with extended shelf life and attractive labeling claims.

Western European companies are investing more in advancements in the xanthan gum technology to enhance their production capacity. Thus, technological advancements in xanthan gum production are a key driving factor for the xanthan gum industry in Western Europe.

Manufacturers are also implementing advanced technologies to produce high-quality products that cater to consumers’ evolving preferences. These advanced technologies protect food and beverage products against deterioration and challenging transits.

Key Takeaways from this Xanthan Gum Market Report:

The global xanthan gum industry is expected to reach a market value of USD 1,754.8 million with a CAGR of 6.6% by 2033.
North America is anticipated to have the highest value share of 27.0 % by 2023 in the global xanthan gum industry.
In East Asia, China is projected to reach a market valuation of USD 171.9 million by 2033, which projects opportunities for manufacturers to increase their production capacity.
India is estimated to register a growth rate of 6.6% during the forecast period.
As per FMI analysis, the food segment is estimated to grow with a leading CAGR of 6.4% to reach a market value of USD 1,120.0 million by 2033.
The powdered form of xanthan gum is estimated to hold a global market share of 84.2% and a market value of USD 202.8 million by 2033.

“The xanthan gum market is expected to expand due to rising consumer demand for natural and sustainable products and rapid processing technology advancements. Introduction of novel xanthan derivatives and formulations like non-GMO or vegan are expected to continue fuelling market growth through 2033,“ – says a lead analyst at Future Market Insights (FMI).

Top Companies in the Xanthan Gum Market.

Cargill Inc
Fufeng Group
Gum Technology Corporation
CP Kelco
Meihua Group
ADM
Jungbunzlauer Suisse AG
E.I. Numerous DuPont
Hebei Xinhe Biochemical
Qingdao Unionchem Co. Ltd
Akshar International
Vasundhara Gums and Chemicals
Deosen Biochemical
Vanderbilt Minerals, LLC

These companies are expanding their product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the xanthan gum industry.

For instance,

In 2020, Fufeng Group, a China-based company that produces and sells amino acids, starch, and related products, announced a joint venture with CP Kelco to produce and market xanthan gum in Asia.
In 2019, Deosen Biochemical Ltd. announced the expansion of its xanthan gum production capacity by 15,000 metric tons per year at its plant in China.
In 2018, CP Kelco, a leading global producer of specialty hydrocolloid solutions, completed the acquisition of the carrageenan plant in Brazil from DuPont Nutrition & Health.

Get More Valuable Insights:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global xanthan gum industry presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

the study incorporates compelling insights on the xanthan gum market based on form (gel and powder), and end-use (food, cosmetics & personal care, animal feed, pharmaceuticals, and dietary supplements) across several regions.

Get Ahead with Detailed Market Intelligence: Buy Now to Access Segment-specific Information, Uncover Key Trends, Drivers, and Challenges https://www.futuremarketinsights.com/checkout/17471

Market Segmentation by Category:

By Form:

Powder
Gel

By End Use:

Food
Salad Dressing
Meat & Meat Products
Bakery Products
Beverages
Prepared/Ready-teat Food
Frozen Food
Dairy Products
Confectionery
Snacks
Cosmetics & Personal Care
Skincare Products (Creams & Lotions)
Hair Care Products (Shampoo)
Oral Care Products
Toiletries
Animal Feed
Pet Food
Liquid Milk Replacers
Feed
Pharmaceuticals
Dietary Supplements

By Region:

North America
Europe
Latin America
South Asia
East Asia
Oceania
Middle East & Africa

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Seismic Protection Devices Market Projected to Reach USD 2,220.8 Million by 2033, Driven by Smart Technologies and Sustainable Solutions

According to Future Market Insights (FMI), the global seismic protection devices market is expected to reach USD 1,525.4 million in 2023, with projections exceeding USD 2,220.8 million by 2033. The market is anticipated to grow at a CAGR of approximately 3.8% during the assessment period from 2023 to 2033.

There is a growing trend toward integrating smart technologies and the Internet of Things (IoT) within the seismic protection devices market. Manufacturers are increasingly providing users with features such as real-time monitoring, data analysis, and remote control, enhancing the effectiveness and efficiency of earthquake protection systems.

The development and use of innovative materials in earthquake protection systems are gaining significant attention. Materials like shape memory alloys, fiber-reinforced composites, and high-performance damping materials are proving to offer superior performance, durability, and flexibility compared to traditional materials.

The need for retrofitting seismic protection systems into existing structures is becoming increasingly important. Many infrastructures in various countries require upgrades to withstand seismic events. Retrofitting enhances the resilience of these buildings without necessitating complete reconstruction.

Proactive and resilient infrastructure planning that incorporates earthquake protection from the outset of design and construction is also gaining popularity. This approach involves integrating seismic safety measures into the building process.

Suppliers are now providing complementary support, including architectural design, construction, and urban planning, to better address client needs and maintain their customer base.

Additionally, structural health monitoring systems are being integrated with seismic protection devices to provide real-time data on the structural integrity of buildings and infrastructure. This integration enhances safety and reliability, facilitates predictive maintenance, and allows for early problem detection.

Environmental and sustainability concerns are increasingly important in the seismic protection device industry. There is a sustained demand for eco-friendly and energy-efficient solutions that minimize environmental impact without compromising performance or safety.

Key Takeaways:

The top 2 regions in the global seismic protection device market generated a steady share of around 57.3% in 2022.
The global seismic protection device industry is projected to witness a CAGR of 3.8% in the evaluation period from 2023 to 2033.
Based on product type, the dampers segment is anticipated to remain at the forefront through 2033 and cross US$ 1345.3 million in the same year.
Key seismic protection device industry participants account for about 50% to 55% of the total share.
By application, the commercial segment is projected to hold a significant share of around 35% in 2023.

Competitive Landscape:

Building strong customer relationships and providing excellent customer service are crucial factors for success in the industry. Companies that offer comprehensive support, including engineering expertise, project management, and maintenance services, can differentiate themselves from competitors. Strong customer relationships and a reputation for reliability and responsiveness can lead to repeat business and referrals.

The competitive landscape varies across regions. Companies with a strong presence in seismically active regions such as Japan, the United States, and New Zealand, might have a competitive advantage.

It is mainly due to their proximity and experience in addressing local seismic challenges. Local regulations and building codes also influence the competitive dynamics within specific regions.

Key Segments:

By Product Type:

Dampers
- Fluid Dampers
- Silicon/Friction Dampers
- Steel Hysteresis Dampers (SHD)
Seismic Joints
- Flexible Joints
- Expansion Joints
Isolators
- Base Plate Isolator
- Elastomeric Isolators
  - Natural Rubber (NRB)
  - Lead Rubber (LRB)
  - Tin Rubber (TRB)
  - High Damping (HDR)
  - Screw Down Non-return Globe Valves (SDNR)
Slider
- ESL
- SL
- CSL
- SLR

By Application:

Industrial
- Exploration and Refineries
- Aviation
- Power Generation
- Others
Commercial
- Hotels
- Data Storage Centers
- Healthcare Institute
- Fire Response
- Offices
Infrastructure
- Bridges
- Residential High-Rise Building
- Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Russia & Belarus
Balkan & Baltic Countries
Central Asia
South Asia and the Pacific
East Asia
Middle East & Africa

Report Preview: https://www.futuremarketinsights.com/reports/seismic-protection-device-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

CO2 Enhanced Oil Recovery Market Set to Exceed USD 7 Billion by 2033, Driven by 4.2% CAGR and Innovations in Carbon Capture Technology

The CO2 Enhanced Oil Recovery (EOR) market is projected to exceed USD 4.6 billion by 2023 and surpass USD 7 billion by 2033, with demand expected to grow at a CAGR of 4.2% during the period from 2023 to 2033.

Several key factors have contributed to the rising demand for CO2 EOR in recent years. This technique, which involves injecting carbon dioxide into oil reservoirs to extract additional oil, has gained traction for its ability to tackle various challenges within the oil and gas industry.

As conventional oil reserves decline globally, the industry is increasingly seeking advanced methods to recover remaining oil. CO2 EOR offers an attractive solution by maximizing output from existing reservoirs, facilitating the extraction of previously inaccessible or uneconomical resources, and extending the lifespan of mature oil fields.

Furthermore, CO2 EOR can enhance energy security in countries that heavily depend on oil imports. By optimizing domestic oil production, this method can reduce reliance on foreign sources and promote energy independence.

Additionally, CO2 EOR contributes to efforts aimed at reducing greenhouse gas emissions by providing an effective means for carbon capture and storage. The process involves capturing CO2 from industrial sources, such as power plants, and injecting it into oil reservoirs. This dual approach not only mitigates emissions but also sequesters CO2 underground.

Advancements in drilling and reservoir engineering technologies, including horizontal drilling and hydraulic fracturing, are expected to enhance the effectiveness and viability of CO2 EOR. These innovations improve access to reservoirs and optimize CO2 injection, resulting in higher oil recovery rates. Consequently, CO2 EOR is becoming economically viable for a broader range of oilfields.

Oil and gas companies, governments, and investors are increasingly acknowledging the economic potential of CO2 EOR, which promises both enhanced oil recovery and substantial financial returns. Additionally, some governments may implement regulatory frameworks or financial incentives to promote CO2 EOR adoption, further establishing it as a viable solution for oil production and carbon management.

Key Takeaways from CO2 EOR Market Report:

The United States CO2 EOR industry is expected to witness a CAGR of 2% from 2023 to 2033.
China CO2 EOR industry is likely to create an absolute dollar opportunity worth USD 522.7 million in the evaluation period.
Based on application, the conventional oil fields segment is predicted to record a CAGR of 1% in the projection period.
In terms of source, the natural CO2 segment is estimated to register more than 0% CAGR in the review period.
Japan CO2 EOR market is expected to create an incremental opportunity of USD 449.8 million from 2023 to 2033.

Competitive Landscape

Vendors of CO2 EOR are concentrating on ongoing technological developments to improve the effectiveness and efficiency of their operations. To advance drilling methods, reservoir modeling, and carbon capture technology, they are spending money on research & development. These businesses can provide better solutions and keep a competitive edge by continuing to be at the forefront of innovation.

A few additional businesses are looking for collaboration and alliances with influential actors such as oil & gas producers, suppliers of carbon capture equipment, and research institutions. They can access new markets, share knowledge, and create projects that are advantageous to both parties by utilizing resources and experience. Collaboration would also make it possible to split costs and risks, further enhancing their competitive advantages.

Start-up businesses involved in CO2 EOR might actively look for partnerships with carbon emitters such as factories or power stations. They might try to establish a steady and reliable flow of CO2 for injection. These cooperative efforts would help integrate carbon capture and storage with better oil recovery activities and guarantee a steady source of carbon dioxide.

Leading Key Players:

BP PLC
Chevron Corporation
ConocoPhillips Company
Denbury Resources Inc.
Exxon Mobil Corporation

CO2 EOR Market Outlook by Category

By Application:

Conventional Oil Fields
Unconventional Oil and Gas Reservoirs
Mature or Declining Oil Fields

By Source:

Natural CO2
Anthropogenic (Man-made) CO2
Captured CO2

By Region:

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

Report Preview: https://www.futuremarketinsights.com/reports/co2-eor-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Cold Plasma Market, Expected to Reach USD 9,380.9 Million by 2033

Future Market Insights (FMI), a leading market intelligence and consulting firm, has unveiled a promising forecast for the global cold plasma market. According to FMI’s latest report, the market is expected to reach an impressive valuation of USD 2,469.5 million by the end of 2023, reflecting the growing adoption of cold plasma technology across diverse industries.

Looking ahead, FMI projects that the cold plasma market will continue to expand at a remarkable Compound Annual Growth Rate (CAGR) of 14.3%, reaching a staggering USD 9,380.9 million by 2033. This accelerated growth underscores the increasing recognition of cold plasma as a revolutionary technology, offering sustainable and efficient applications across healthcare, electronics manufacturing, and other critical sectors.

“Cold plasma technology is increasingly recognized as a transformative force across industries,” said a Future Market Insights. “The projected growth reflects its pivotal role in driving efficiencies, fostering innovation, and addressing sustainability concerns.”

Cold plasma has gained significant attention due to its eco-friendly properties, high sterilization efficiency, and ability to enhance material properties while preserving their integrity. As industries shift towards advanced solutions that promote sustainability, cold plasma is emerging as a frontrunner, meeting the growing demand for greener technologies and operational efficiencies.

Key drivers of this market growth include continuous investments in research and development, alongside strategic collaborations aimed at advancing the technological capabilities of cold plasma. As industries continue to evolve and prioritize sustainability, cold plasma is poised to play a critical role in shaping the future of healthcare, manufacturing, and other key sectors.

Regional Trends and Market Projections:

United States: Expected to remain the leading market, with a projected value of USD 2809.5 million by 2033.
Canada: Exhibits the highest projected growth rate at 15.9%, reaching a market size of USD 386.8 million by 2033.
China: Demonstrates strong growth with a projected market size of USD 628.1 million by 2033, reflecting a CAGR of 15.8%.
Europe: Markets like Germany and the United Kingdom also show promising growth, with CAGRs exceeding 13%.

Rising Demand for Market Data: Our Full Report Offers Deep Insights and Trend Analysis!

Industry Collaborations and Product Launches:

Several industry collaborations and product launches are set to stimulate market shares of prominent vendors:

Electronics & Photonic Innovation Center (EPIC): In 2019, EPIC significantly enhanced its operational capacity by acquiring HPT-200 plasma treatment systems from Henniker Plasma, bolstering the electronics and photonics industry.
Plasmatreat: In 2020, Plasmatreat collaborated with the Bavarian Red Cross to deploy a prototype cleaning station for disinfecting protective clothing for COVID-19 healthcare workers. This station is undergoing clinical testing at the University Hospital of the Technical University of Munich.

Key Players Profiled in the Cold Plasma Market Report:

Nordson Corporation
Europlasma NV
Plasmatreat GmBh
Terraplasma Medical GmBh
Henniker Plasma
US Medical Innovations
Molecular Plasma Group
Nordson Corporation
Adtech Plasma Technology Co Ltd.
Smith & Nephew plc.
Thierry Corporation

Key Market Segmentation:

Regime Type: Low-pressure, Atmospheric pressure
Application: Wound Healing, Cancer Treatment, Blood Coagulation, Dentistry, Packaging Decontamination, Food Surface Decontamination, Wastewater Treatment, Seed Germination
Technology: Remote Treatment, Direct Treatment, Electrode Contact
End-user: Medical Industry, Textile Industry, Electrical & Electronic Industry, Food & Agriculture Industry
Region: North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia, Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Inflow Control Devices Market to Reach USD 827.4 Million by 2033, Driven by 6.5% CAGR and Innovations in Reservoir Management

Future Market Insights, an ESOMAR Certified Market Research and Consulting Firm, has published an in-depth report on the Inflow Control Devices (ICD) Market, providing valuable insights and detailed analysis. The report thoroughly examines key market drivers, market size, and forecasts for inflow control devices, along with detailed segmentations of revenue and shipments and projections up to 2033. It also covers major industry players, market distribution, competitive landscape, and regional insights.

The global inflow control devices market is projected to witness significant growth, reaching a valuation of USD 827.4 million by 2033, driven by a steady CAGR of 6.5% from 2023 to 2033. The market is expected to be valued at USD 441.9 million in 2023.

As oil and gas fields around the world become more complex and mature, the need for advanced reservoir management techniques has intensified. Inflow control devices have emerged as essential tools for optimizing production and enhancing recovery rates by managing fluid flow within reservoirs. Consequently, ICDs are increasingly recognized as crucial for maximizing reservoir performance.

Key Takeaways:

Digitalization and Automation Trend:
- Adoption of digitalization and automation is on the rise in the oil & gas sector.
- This trend aims to increase operational efficiency.
Decentralization and Distributed Energy:
- Decentralization and the shift toward distributed energy systems are driving demand for inflow control devices.
- These devices are essential for managing diverse energy sources effectively.
Renewable Energy Focus:
- Increasing emphasis on renewable energy sources and energy transition is creating new opportunities for inflow control solutions.
- Inflow control devices are finding applications in the renewable energy sector.
IoT and AI Integration:
- The integration of Internet of Things (IoT) and artificial intelligence (AI) technologies is opening new possibilities in oil and gas processing.
- These technologies enable coordinated processes and data-driven decision-making.
Advanced Analytics and Data Insights:
- Adoption of advanced analytics and data-driven decision-making is expected to provide precise insights into operational processes.
- This approach enhances efficiency and increases the demand for inflow control devices in the industry.

Competitive Landscape:

In the competitive landscape of inflow control device (ICD) manufacturing, companies are strategically responding to the increasing demand for their products. To maintain their competitive edge in the market, these manufacturers are actively investing in research and development efforts to drive innovation and enhance the quality of their offerings.

A primary focus of these endeavors is the development of advanced designs, materials, and technologies aimed at improving the overall performance, reliability, and efficiency of ICDs. Manufacturers are consistently pushing the boundaries by exploring new features such as integrated sensors, data analytics capabilities, and adaptive flow control mechanisms. These innovations are geared towards providing more intelligent and effective solutions for reservoir management, reflecting the industry’s commitment to staying at the forefront of technological advancements.

List of Key Players:

Anton Oilfield Services
Baker Hughes Company
China Oilfield Services
Halliburton
MiddleEast Oilfield Services

Inflow Control Devices Market Outlook by Category

By Type:

Autonomous Inflow Control Devices (AICD)
Passive Inflow Control Devices (PICD)
Active Inflow Control Devices (AICD)

By Application:

Onshore
Offshore

By Region:

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

Report Preview: https://www.futuremarketinsights.com/reports/inflow-control-devices-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Patient Lateral Transfer Market Poised to Surpass USD 2 Billion by 2030, Driven by Growing Focus on Caregiver Safety

The global patient lateral transfer market is witnessing unprecedented growth, with recent projections forecasting a Compound Annual Growth Rate (CAGR) of 9.2% through 2030. The market, which was valued at USD 995.8 million in 2022, is expected to exceed USD 2 billion by the end of the decade, reflecting the increasing importance of innovative patient handling solutions in the healthcare sector.

This remarkable growth is largely attributed to the rising awareness surrounding musculoskeletal injuries sustained by caregivers during manual patient handling. Healthcare facilities worldwide are increasingly prioritizing advanced patient lateral transfer equipment to address these concerns, which currently account for a notable 28.8% share of the global patient positioning accessories market.

A Focus on Safety and Efficiency:

The growing demand for solutions that protect both patients and caregivers is reshaping healthcare practices. As manual handling-related injuries among healthcare workers continue to rise, hospitals and clinics are adopting ergonomic patient lateral transfer technologies. These technologies enhance the safety of patient transfers, reduce injury risks for healthcare workers, and improve overall operational efficiency in patient care settings.

Commenting on this trend, an expert from FMI stated, “The escalating demand for patient safety and caregiver well-being has propelled the adoption of patient lateral transfer solutions. As healthcare facilities prioritize ergonomic solutions to enhance operational efficiency and reduce injury risks, the patient lateral transfer market is poised for remarkable growth.”

A Broader Shift Towards Innovation:

The surge in demand for patient lateral transfer equipment signals a broader industry shift towards more advanced, efficient healthcare solutions. As healthcare providers across the globe seek to optimize patient handling practices, the adoption of these technologies continues to accelerate. This shift not only enhances patient care but also reduces the physical strain on caregivers, ensuring a safer working environment.

Future Prospects: A New Era of Patient Care:

With the patient lateral transfer market on a dynamic growth trajectory, the future of patient care is set to reach new heights. By improving safety and efficiency, these innovative solutions are poised to deliver better outcomes for both patients and healthcare providers, reinforcing the critical role of technology in modern healthcare practices.

As the market evolves, stakeholders are encouraged to stay informed of these transformative developments, which promise to shape the future of patient handling and care on a global scale.

Key Takeaways: Patient Lateral Transfer Market by 2022 to 2030

The global patient lateral transfer market is expected to grow significantly, with estimates ranging from a CAGR of 9.2% by 2030. This translates to a market size exceeding USD 2 billion by the end of the decade.
Rising awareness of patient safety and the need to reduce caregiver injuries from manual transfers are key drivers of this growth.
Air-assisted transfer devices are expected to remain the dominant product segment due to their efficiency and ease of use.
The Asia-Pacific region is projected to witness the fastest growth due to factors like increasing healthcare infrastructure development and growing adoption of advanced medical technologies.
An aging population and rising healthcare expenditure globally are also contributing to the market expansion.

Increased Market Attention: Delve into Detailed Trends and Analysis with Our Report!

Competitive Landscape:

In the realm of patient lateral transfer, numerous prominent contenders vie for dominance alongside both international giants and well-established local enterprises. Leading firms in this sector continually innovate, introducing novel products and technologies to vie with established offerings, while also engaging in acquisitions and partnerships with other industry frontrunners.

The Centers for Medicare and Medicaid Services (CMS) have initiated measures to encourage healthcare providers who demonstrate cost-saving in hospitalizations. CMS is championing the inclusion of nursing homes and home healthcare in this initiative, recognizing their ability to deliver superior care at more affordable rates compared to hospitalization expenses.

Key Companies Profiled:

McAuley Medical, Inc.
Patient Positioning Systems LLC
HoverTech International
Stryker Corporation (Sage Products LLC)
Getinge AB (ArjoHuntleigh)
EZ Way
Airpal, Inc.
Arjo
Medline Industries
Haines Medical Australia
Sizewise
Prism Medical

Key Segments of Patient Lateral Transfer Industry Survey:

Patient Lateral Transfer Market by Product:

Air-assisted Transfer Devices
Slide Sheets
Transfer Accessories

Patient Lateral Transfer Market by Usage:

Single Patient Use
Reusable

Patient Lateral Transfer Market by End Use:

Hospitals
Clinics
Ambulatory Surgical Centres

Patient Lateral Transfer Market by Region:

North America Patient Lateral Transfer Market
Latin America Patient Lateral Transfer Market
Europe Patient Lateral Transfer Market
East Asia Patient Lateral Transfer Market
South Asia & Pacific Patient Lateral Transfer Market
Middle East & Africa (MEA) Patient Lateral Transfer Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: