Market Research Blog – Page 10438 – New Product Development

Probiotic Fermented Milk Market Consumer Insights, Key Updates, Investment Feasibility Matrix with Regional Parent Market-2027

Probiotic fermented milk products helps in maintaining overall health of the individual along with improving gut function and immunity of the body. Probiotic fermented milk products consists of typical probiotics including lactic acid bacteria such as Bifidobacterium, Lactobacillus acidophilus, and Lactobacillus casei.

These probiotic strains are widely used in fermented milk-based products such as kefir, yogurt, and cheese. These type of probiotic fermented milk-based products are beneficial for many digestive and gastrointestinal conditions.

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Fermented dairy-based products consists of active bacterial cultures which are one of the common sources of probiotics present in the products. Probiotic fermented milk-based products contains specific strains of live bacteria that has potential health effects. Health benefits associated with probiotic fermented milk is gaining popularity in health conscious consumers.

Market Regional Outlook

On the basis of regions, the Probiotic fermented milk market has been segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. Probiotic fermented milk market have significant share in North America and Europe as a result of increasing number of health conscious consumers.

Asia Pacific is expected to grow in forecast period as a result of increasing awareness of healthy, nutritious probiotic fermented milk products. Demand for probiotic fermented milk products in global market is increasing as a result of its application in multiple industries.

Market Segmentation

The global probiotic fermented milk market is segmented on the basis of product type, application, and region. The global probiotic fermented milk market is segmented on the basis of product type such as yogurt, kefir, cheese, and others. Probiotic fermented milk market is growing due to its yogurt product which covers maximum market for probiotic fermented milk as compared to other milk products.

Kefir milk is fermented milk product made with kefir grains has many health benefits which is becoming popular in many health conscious consumers which is in turn increasing global demand for probiotic fermented milk-based products. The global probiotic fermented milk market is segmented on the basis of application in industries such as dairy, cosmetics, and beverages industries.

In cosmetic industry probiotic fermented milk is used in anti-aging creams and lotions.

Market Drivers and Trends

The driving factors for probiotic fermented milk market are increasing demand for probiotic fermented milk in cosmetic products, dairy products and beverages. Rising consumer awareness regarding usage of probiotic fermented milk-based products in day-today life helps in enhancing the nutritional content of the food is one of the major driving factor for the market globally.

Increasing demand probiotic fermented milk in cosmetic industry is also one of the key driving factor for global probiotic fermented milk market. Varieties of flavorings and taste enhancers are added to these probiotic fermented milk products which is making it popular in children in turn driving the global probiotic fermented milk market. Hence, the global probiotic fermented milk market is expected to observe robust growth over the forecast period.

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Probiotic fermented milk Market Key Players

Some of the key players in the Probiotic fermented milk market include

Danone, Nestlé S.A.
Valio Ltd., Friesland Campina
Danisco A/S, Lifeway Foods, Inc.
Bio-K Plus International Inc.
General Mills, Inc.
Morinaga Milk Industry Co., Ltd.
Mother Dairy Fruit & Vegetable Pvt Ltd.

The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global fermented ingredients market till 2027.

Regional analysis for Probiotic Fermented Milk Market includes

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific (excluding Japan)
- 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

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 5-years.

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Cottonseed Oil Market Trends, Key Updates with Upcoming Opportunities for Major Players-2028

The Cottonseed Oil Market is valued at US$ 4 Billion in 2021. The market is likely to grow at a CAGR of 3.2% through 2028, reaching US$ 5 Billion.

Registering decent consumption in retail and industrial sectors, cottonseed oil is gradually gaining ground in the food service provider segment as well. However, according to a new Future Market Insights’ study, the global revenue through cottonseed oil sales will continue to expand at a passive rate.

Towards the end of 2022, the global cottonseed oil sales are likely to cross the valuation of US$ 4 Bn and a majority of it will come from the sales observed in the Asia Pacific region, as reported by the FMI analyst.

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At a mere below-3% year on year revenue growth estimated for 2019 and ahead, the global cottonseed oil landscape reflects a sluggish growth outlook at a global level. The report based on the cottonseed oil market analysis discusses in detail the top two pull factors associated with the declining growth rate of cottonseed oil market revenue.

Gossypol Content of Cottonseed Oil Accounts for the Demand on Lower Side

Although the demand for edible oils, especially cold-pressed variants, is observing a steady upsurge across the globe, cottonseed oil remains an exception. The report cites ample presence of a compound – gossypol – in cottonseed as the key factor responsible for the restricted consumption of cottonseed products, including cottonseed oil.

“While constantly ongoing research is likely to result in lowering the toxicity levels of gossypol content in cottonseed, the overall growth of the demand for cottonseed and derived products such as cottonseed oil remains passive worldwide,” adds the analyst further.

Another strong factor restraining the sales of cottonseed oil is its neutral taste and indistinct flavor, unlike that of other edible oil competitors – as indicated by the FMI report.

Market segmentation

Global Cottonseed Oil Market Segmentation on the Basis of Nature

Organic
Conventional

Global Cottonseed Oil Market Segmentation on the Basis of Raw Material

Genetically Modified Cotton
Non-genetically Modified Cotton

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Global Cottonseed Oil Market Segmentation on the Basis of Distribution Channel

Industrial
- Food Processing Industry
  - Bakery & Confectionery
  - Sauces, Spreads, & Dressings
  - Shortenings/Margarine
  - Others
- Cosmetics & Personal Care
- Others
Food Service Providers
Retail/Households

Global Cottonseed Oil Market Segmentation on the Basis of Packaging

Bulk
Retail
- Pouches
- Cans
- Tins

Global Cottonseed Oil Market Segmentation on the Basis of Distribution Channel

Direct/B2B
Indirect/B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Traditional Groceries
- Online Retail

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China’s Lead Sustains APEJ’s Top Consumer Position in Cottonseed Oil Landscape

Asia Pacific (excluding Japan), the largest cottonseed producer and exporter – and the potential goldmine for leading F&B manufacturers, processors, packagers, and import-export stakeholders – offers a heap of business opportunities increasing the likelihood for businesses to thrive in this regional market. India and China currently hold an almost equal revenue share in the APEJ market for cottonseed oil; however, according to the report, China is witnessing moderate yearly growth in revenue and thus will reflect higher incremental opportunity in the market, in coming years. At present, China accounts for more than 40% share of APEJ’s revenue, closely trailed by India.

Regional and Local Market Players Hold Important Positions in Cottonseed Oil Market

The global landscape of cottonseed oil is characterized by the active presence of a large number of MNCs as well as regional players, of which the former account for around 50% market value share whereas the latter make up for nearly 30% share of the total market value.

The report closely examines significant players in the cottonseed oil market such as Cargill, Incorporated, Archer-Daniels-Midland Company, Wilmar International Ltd, The Nisshin OilliO Group, Ltd, Bunge Limited, and Louis Dreyfus Company B.V. Moreover, the competition tracking involves some of the important regional and local level companies, including Gabani Industries Ltd., Asha Cotton Industries, PYCO Industries, Inc., and Matangi Cotton Industries.

Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

About FMI

Whole Grain & High Fiber Foods Market Forecast, Key Updates with Profitability by Market Segments & Key Facts – 2032

The sales of whole grain & high fiber is estimated to be valued at US$ 50,872.6 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 105,379.4 Mn by 2032, rising at a CAGR of 7.6% for 2022-32.

Over the past couple of years, consumer preferences and eating patterns have changed. The change in diet is influenced by a range of factors such as higher Internet penetration, rise in awareness about the consumption of healthy food products, rise in concerns over obesity rates, evolving technological factors, food production, etc. Consumers have been taking care and steps regarding the type of food that they consumer on a regular basis.

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Consumers’ rising awareness about the close association between food and health has been turning out to be one of the most important social developments in the recent past. Various factors such as busy lifestyles adopted by consumers, rise in the obese population, and consumption of unhealthy food have been driving the consumers to shift to healthy diets.

Consumers take into account the type of food that they consumer on a day-to-day basis. As a result, products such as whole grain & high fiber foods have been gaining traction over the past couple of years among their target customers. Whole grain & high fiber foods are those products that have been processed into finished products sourced from whole grains or high fiber sources such as seeds & nuts.

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These whole grain and high fiber foods contain minimum 51% of whole grains or 10-15% of dietary fiber. These include products such as bakery, breakfast cereals, pastas, and savory snacks. Whole Grain & high fiber foods can also be sourced from multiple whole grain sources. Only finished and packaged products have been considered in the market for whole grain & high fiber foods, and the volume is based on the weight of the entire finished product.

The importance of whole grain & high fiber foods in the bakery segment has been enduring, owing to the rise in the number of diet conscious consumers. Whole grain & high fiber foods have a wide range of applications in the production of various bakery products such as breads, cakes & pastries, baking ingredients & mixes, and other bakery frozen products.

Segments Covered in Whole Grain & High Fiber Foods Market AnalysisBakery Products:

Breads
Cakes & Pastries
Baking Ingredients & Mixes
Frozen Products

Breakfast Cereals:

Flakes
Muesli & Granola

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Crisps & Crackers:

Snack Bars:

Pastas & Noodles:

Flavour:

Fruit
Nuts
Honey
Chocolate
Vanilla
Others

Source:

Maize
Wheat
Brown Rice
Oats
Rye
Barley
Quinoa
Mult-grain
Others

Packaging Format:

Bags & Couches
Folding Cartons
Trays & Containers
Cans

Nature:

Organic
Conventional

Distribution Channel:

Direct
Indirect
- Hypermarket/Supermarket
- Discount Stores
- Convenience Store
- Specialty Stores
- Online Retailers
- Others

Region:

North America
Latin America
Europe
Japan
APEJ
MEA

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About FMI

Phospholipase Enzyme Market Innovation and Expansion, Key Updates of Major Manufacturers & Key Findings -2032

The phospholipase enzyme market is estimated to be US$ 224 Bn in the year 2021 and is expected to grow at a Compound annual growth rate (CAGR) of 6.15% that would take the value of the Phospholipase enzyme market to US$ 432 Bn for the forecast period of 2022 to 2032.

Due to the increase in the demand for good quality convenient food like ready to eat or ready to cook due to dynamic and healthy lifestyle, higher shelf life, natural and healthy option for preservatives is likely to drive the phospholipase market. With the beneficial properties and advancement in technology, the phospholipase enzyme is expected to cause a revolution in the medicine and pharmaceutical industry.

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Cheese is a popular food item all across the world. However, with increasing health-awareness among consumers, the preference for low-fat cheese is growing. Thus, manufacturers are looking for appropriate ingredients that will help them develop low-fat cheese. Phospholipase enzyme is a suitable option as it reduces the phospholipid content and enables the formation of low-fat cheese.

Also, the increasing per capita consumption of cheese makes it necessary for the manufacturers to increase the yield and quality of cheese to fulfill the requirements of the consumers. Thus, the demand for phospholipase is estimated to increase as it helps in the hydrolysis of phospholipids and improves the yield of cheese. It also aids in reducing the environmental impact of cheese production.

Increasing Applications in Bakery and Vegetable Oil Processing Boosting the Phospholipase Enzyme Market Growth

Various advantages offered by phospholipase enzyme are increasing its demand in the food and beverages industry. Phospholipase enzyme is used in the preparation of cheese as it improves yield and enhances flavour. It is also used in various bakery products to improve their shelf life, maintain moisture, and enhance the texture. The increasing demand for convenience and the healthy snacking trend are anticipated to increase the demand for bakery products, which is further estimated to have a positive impact on the phospholipase enzyme market.

The demand for vegetable oil is expected to rise due to the increasing population all across the world, which serves as one of the major drivers for the growth of the phospholipase enzyme market. Phospholipase enzyme is used in vegetable oil processing.

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Enzymatic degumming is a trending process used to obtain high-quality vegetable oil. Phospholipase enzyme is used for the degumming of vegetable oil, as it hydrolyzes the phospholipids present in the oil and helps to obtain good quality vegetable oil without the use of chemical degumming method. The use of phospholipase enzyme enables the manufacturers to develop low-fat vegetable oil and attract health-conscious customers. This, further increases its applications in various industries. Thus, the demand for phospholipase enzyme is estimated to increase.

Increasing Preference as a ‘Nutritional Value Preservative’ in Processed Foods Driving Revenues

Since the last few years, concerns about health and environment are rising among consumers. People are opting for natural products that do not cause any harm to health as well as the environment. Using chemical processing methods not only harms the environment, but also degrades the nutritional value of the product. Thus, the use of enzymes serves as an excellent option for the processing of the products. Also, end-use industries majorly focus on providing innovative products that are aligned with consumer requirements. It becomes necessary to maintain the nutritional value, as well as quality of the products to attract consumers. Thus, phospholipase enzyme is a suitable option, which helps to preserve the nutritional content and improves the quality of the finished product.

The demand for phospholipase enzyme is anticipated to increase in North America and Europe regions. The trend of clean-label and organic products is estimated to drive the growth of the phospholipase enzyme market in these regions. The phospholipase enzyme market is expected to grow at a medium pace in South Asia and East Asia regions. The rapidly growing population, increasing industrialization, and urbanization are some of the factors that are estimated to propel the phospholipase enzyme market growth in South Asia and East Asia regions.

Manufacturers of food and beverages, nutraceuticals, household care, and cosmetics are trying to establish themselves in emerging economies such as India and China, due to high population, availability of large labour pool, and economic feasibility. This further creates an opportunity for the manufacturers of phospholipase enzyme to improve their marketing strategies and increase their sales in South Asia and East Asia regions.

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Segmentation Covered in Phospholipase Market Analysis

Based on product type:

phospholipase A1
phospholipase A2
phospholipase D
phospholipase B
phospholipase C

Based on source:

animal
microbial
botanical
Data Mining

Based on Region:

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

Key Questions Answered in the Report

How much is the Phospholipase Enzyme consumer market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Phospholipase Enzyme sales?
How are market players reacting to the new developments in the market?
How much share do the top 5 companies hold?
Which are the major countries driving demand for Phospholipase Enzyme?
Who are the major players in the Phospholipase Enzyme consumer Market?

About FMI

Food Thickening Agents Market: Key Updates, Corporate Strategy, Share, Important Changes Report-2032

The global food thickeners agents market size is estimated to be USD 2.6 Bn in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 3.8% from 2022 to 2032 and reach a valuation of USD 3.8 Bn by 2032 end.

Health Benefits Pushing Adoption of Food Thickening Agents

Food thickening agents are commonly used for texture and consistency enhancement, without compromising on taste or savory. Moreover, health benefits associated with food thickening agents is also driving the overall sales. Thickens agents such as gums and starches are used a fat replacers, fibre bearing ingredients gums naturally resist digestion whereas starches act as primary energy sources, and the ability to replace high-carb ingredients by reducing the overall calorie content of the food are some key reasons behind enhanced consumption of food thickening agents.

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Consumer inclination towards plant-based food thickening agents is estimated to grow, especially among vegans, in the coming years. Economically priced starch offering high stability and viscosity will make it the fastest growing product segment through 2028.

Application in bakery and confectionary coupled with rising demand for gluten-free bakery products is projected to dominate the global consumption of food thickening agents. The ability of thickening agents to increase the viscosity without altering other taste aspects of the food and beverages and providing an improved mouth feel has made it immensely popular among food manufacturers.

Multiple Functionalities of Food Thickening Agents to Provide Product Innovation Opportunities for Manufacturers

Incidences of medical conditions such as difficulty in swallowing or dysphagia, has led to a greater adoption of food thickening agents as it helps in slowing down the transit of fluids and food, providing more coordination time for the swallowing process.

Additionally, cases of dysphagia in infants has created opportunities for food thickening agents manufacturers to come up with innovative baby food, addressing the concern pertaining to rising back of food in the oesophagus, among infants. Since, food thickening agents are also used as stabilizers, providing a longer shelf life to processed food, manufacturers of pet food see this an opportunity to come up with canned food for dogs and cats. Listed in Annex of the Council Directive of Europe, Cassia Gum is considered safe for canned pet foods.

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Key Segments Covered

Global Food Thickening Agents Market – By Source

Plant
- Guar Gum
- Gum Arabic
- Locust Bean Gum
- Pectin
- Starches
- Other Plant Sources
Seaweed
- Carrageenan
- Agar
- Alginate
Microbial
- Gellan Gum
- Curdlan
- Xanthan Gum
Animal (Gelatin)
Synthetic
- Carboxy Methyl Cellulose
- Methyl Cellulose

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Global Food Thickening Agents Market – By Application

Bakery & Confectionery
Meat & Poultry
Sauces & Dressings
Beverages
Dairy Products
Other Applications

Global Food Thickening Agents Market – By Region

North America
Western Europe
Eastern Europe
Latin America
Asia Pacific excluding Japan
Japan
Middle East & Africa

Frequently Asked Questions

How much is the food thickening agents market current worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What is boosting food thickening agent’s sales?
How are market players reacting to the new developments in the market?
How much share does the top 5 companies hold?
Which are the major countries driving demand for food thickening agents?
Who are the major players in food thickening agents market?
What outlook does North America provide?
At what rate will the U.S. food thickening agents market grow?

About FMI

Phycocyanin Market Growth Ratio Report with Key Updates, Macro and Micro Economic Indicators &Consumer Insights-2031

Phycocyanin possess anti-inflammatory, anti-oxidants, and hypolipidemic properties due to which it is in high demand in the cosmetics industry. Future Market Insights (FMI) in a study has forecast the global phycocyanin market to reach US$ 136.5 Mn in 2021. Phycocyanin consists of antioxidants such as Beta-carotene and Vitamin A, C and E in large quantities, which are helpful in providing skin nourishment. Increasing awareness regarding various health benefits of phycocyanin besides its anti-cancer properties will fuel its use in cosmetics products.

This is because consumers nowadays are likelier to choose treatment that doesn’t require consumption of medicines. The demand for more natural ways of preventing chronic ailments will bode well for the market. Cosmetics made from phycocyanin witnesses a high demand in the due to their wide use in spa, cosmetics such as American ginseng extracts and herbal treatment.

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Lately, manufacturers have started producing cosmetic products from phycocyanin that are capable for improving cutin degeneration and also has properties of skin nourishment and preventing from ultraviolet irradiations. Further, there is also growing market in the areas of skin whitening, anti-aging and pigmentation reducing products.

Despite rising demand from cosmetics industry, the food and beverages sector will continue dominating the market through the forecast period. The rising demand for food containing natural colors and in general aversion towards artificial ingredients and additives will strengthen phycocyanin presence in the food sector. FMI has projected the food and beverages industry to account for nearly 85% of the overall market in 2021.

Key Takeaways from the Phycocyanin Market Study

The global phycocyanin market is set to 7.1% Y-o-Y growth in 2021, driven by increasing application across diverse industries The U.S. remain an attractive market, accounting for over 82% of phycocyanin sold in North America in 2021 Demand from U.K. will rise considerably. The U.K. market for phycocyanin is expected to register 7% Y-o-Y growth in 2021 Germany and France will emerge as other attractive markets in Western Europe China and India will emerge as lucrative pockets in Asia Pacific excluding Japan Japan market will record 5.7% Y-o-Y growth in 2021 in terms of value

“In order to gain competitive advantage, market players have been focusing on research and development initiatives. This is especially common among new entrants intending to seal their position with the launch of innovative products in the market,” said a lead FMI analyst.

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Who is winning?

Several top manufacturers of phycocyanin are concentrating on providing phycocyanin at an optimum price, owing to their increasing demand among consumers. Different companies have implemented integrated production approach to delivering cost-effective products in the market to escalate their industry footprints and to upsurge their production capacity. Prominent players of phycocyanin are endowing in research and development to produce organic, non-GMO products from phycocyanin.

A few of the leading players operating in the Phycocyanin market are:

Chr. Hansen Holding A/S
Cyanotech Corp
DDW Inc.
DIC Corporation
Dongtai City Spirulina Bio-Engineering Co., Ltd.
Fuqing King Dnarmsa Spirulina Co., Ltd.
GNT Holding B.V.
Sensient Technologies Corp.
Parry Nutraceuticals Limited
Döhler GmbH
Naturex S.A.
Naturalin Bio-Resources Co., Ltd
Far East Bio-Tec Co., Ltd.
Fraken Biochem Co., Ltd. and other players

About FMI

Insights Engine Market is Expected to Expand at a CAGR of 16.4% by 2027 – Exclusive Report by Future Market Insights, Inc.

Insights Engine Market Expected to be Worth US$ 860 Mn by 2027 and register a strong growth of 19.7% in its CAGR. An Insights Engine is a platform that uses relevance ways to discover, organize, and analyse data to enable current or synthesized knowledge to be delivered proactively or interactively.

Insights engine platforms help enterprises generate an evidence-based understanding of customer needs by providing the necessary capability to engage with content and extract insights without manipulating it at the source.

Future Market Insights, in the report ‘Insights Engine Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’, expects the global insights engine market to push past a value of US$ 860 million by 2027.

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Vertical – Focus on IT & Telecom and Retail & Consumer Goods in Insights Engine Market

The verticals to keep an eye out for in the insights engine market are IT & Telecom and Retail & Consumer Goods. Retail & Consumer good vendors are adopting insights engine platforms to gain an in-depth understanding of customer needs and predict search queries to improve result relevancy. Insights engine platforms are also being tested and implemented in various IT & Telecom companies to allow them to gauge customer usage patterns. It becomes possible to extract maximum customer revenue by way of insights engine platforms. The retail & consumer goods vertical is slightly larger than the IT & Telecom vertical at the end of the forecast period.

Component – Services Component to Grow Rapidly in Insights Engine Market

In 2017, the software component is roughly thrice the size of services in the insights engine market. Nonetheless, the services component is on track to witness an exponential CAGR of 20.6% from 2017 to 2027, making it a lucrative opportunity that cannot be ignored in the insights engine market. Almost all providers offer timely software updates to their insights engine platforms as it is absolutely critical. However, the update occasionally raises compatibility issues with legacy systems that the client may be using. The issues are typically related to customization and functionality and could constraint growth of the insights engine market.

Deployment – SaaS Tails On-Premise Deployment in Insights Engine Market

On-premise deployment is considerably larger than SaaS deployment segment in the insights engine market and is likely to retain its pole position through the next decade. The on-premise deployment segment is poised to have a value of just under half a billion in the insights engine market by end 2027. The market attractiveness index of the on-premise deployment segment is 5.0 and companies would be advised to focus their attention on this highly lucrative segment in the insights engine market.

Region – North America Highly Influential in the Insights Engine Market

North America had the largest contribution in 2017 and is projected to gain a massive 610 BPS by the end of the forecast, at the expense of all other regions in the global insights engine market. North American enterprises are seeking to harness the potential of machine learning and AI capabilities for customer feedback, sales support, and marketing activities and companies in the insights engine market now offer their products at a highly competitive price. This allows businesses there to opt for updated search solutions, growing the overall insights engine market.

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Competition Dashboard in the Insights Engine Market

The companies profiled in the report are Funnelback, IntraFind Inc., Coveo Solutions Inc., Sinequa, Microsoft Corporation, Attivio, Mindbreeze GmbH, Dassault Systèmes, Smartlogic, IBM Corporation, Microfocus, Lucidworks, Expert System, IHS Markit Ltd, and Market Logic.

Takeaways

Insights engine platform vendors would do well to expand their business in North America by entering into agreements with small and medium-scale enterprises. Insights engine platforms could further enter into partnerships with cloud service providers and launch new solutions as online shopping is on the verge of a boom.

Insights Engine Market Taxonomy

Vertical:

IT and Telecom
BFSI
Retail and Consumer Goods
Healthcare & Life Sciences
Manufacturing
Media & Entertainment
Transportation & Logistics
Travel & Hospitality
Others

Component:

Software
Services

Deployment:

On-premise
SaaS

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Non-Agriculture Smart Irrigation Controllers Market are Expected to Reach ~US$ 963.0 Mn, at 12.8% CAGR by the end of 2031

As per the non-agriculture smart irrigation controllers’ industry examination by Future Market Insights (FMI), the interest enrolled in the market will increment at a CAGR of 12.8% from 2021-2031.

The report likewise estimates that the market will outperform a valuation of ~US$ 287.6 Mn toward the finish of 2021. Non-agriculture smart irrigation controllers can be checked and overseen from far off area by means of gadgets, for example, smartphones, PCs or through smart collaborators sent in a family. Thus, use of these smart irrigation controllers is expanding in private area.

Interest for non-agriculture smart irrigation controllers market is expanding because of cost-viability and limited water squander. These controllers additionally offers better long haul scene wellbeing, web of things (IoT)- based biological system for smart irrigation, and smart warnings if there should arise an occurrence of irregularities.

Further, better capacity and benefits of non-agriculture smart irrigation regulator items over customary controllers are is establishing helpful climate for the interest in the market.

These smart irrigation controllers additionally give better item plan and advancement, customization administration, rebuilding of the inventory network for higher productivity. This is supposed to offer gradual learning experiences for the central members.

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Governments initiatives for supporting water conservation is increasing the adoption of smart irrigation systems. Also, factors such as the need for efficient irrigation systems, development of smart cities, and reduced cost of sensors and controllers used in smart irrigation systems are expected to propel the demand for smart irrigation products.

Key Takeaways

By type, the standalone irrigation controllers segment is anticipated to account for the leading share in the global demand for non-agriculture smart irrigation controllers market during the forecast period.
The smart irrigation sprinkler controllers segment is estimated to grow at a robust CAGR of 15.4% through 2031.
By application, the adoption of non-agriculture smart irrigation controllers in industrial segment is anticipated to increase at a CAGR of 13.9% between 2021 & 2031.
India is expected to witness growth at a CAGR of around 22.0% through 2031.
In Japan, sales are expected to increase at a CAGR of ~17.3% over the next ten years.

Innovation in Communication Methods to Have a Positive Impact on Market

Connected technologies are becoming an integral part of smart deployments, and manufacturers are increasingly trying to integrate smartphone control functionality into their systems.

Most of the smart home-based irrigation controllers are integrating functionalities that can enable them to communicate through smart home systems via voice, using smart assistant devices such as Amazon Alexa.

For instance, in March, 2018, Rain Bird launched Alexa-enabled controllers. Users are able to control their irrigation systems using the voice-activated personal assistant

There is continuous advancement in communication technologies which is creating potential opportunities for the non-agriculture smart irrigation controller market. It helps growers or residential users to access their irrigation systems remotely.

Advanced wireless sensors offer convenience, mobility, etc. and radio frequency technology in irrigation systems provides connectivity with wireless signal communication systems. These aforementioned factors are expected to provide an impetus to the demand in the market.

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More Valuable Insights on Non-Agriculture Smart Irrigation Controllers Market

Future Market Insight’s report on the non-agriculture smart irrigation controllers industry research is segmented into three major sections – type (plug-in irrigation controllers, standalone irrigation controllers, smart irrigation sprinkler controllers), application (industrial, commercial, residential), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the non-agriculture smart irrigation controllers demand outlook.

Non-Agriculture Smart Irrigation Controllers Industry Outlook by Category

By Type:

Plug-in Irrigation Controllers
Standalone Irrigation Controllers
Smart Irrigation Sprinkler Controllers

By Application:

Industrial
Commercial
Residential

By Region:

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

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Service Bureau Market is Estimated to Register a Strong CAGR of 6.7% by 2027 – Exclusive Report by Future Market Insights, Inc.

Future Market Insights offers an in-depth forecast of the global service bureau market in a new publication titled ‘Service Bureau Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017-2027).’ Through this publication, Future Market Insights presents a comprehensive analysis of the global service bureau market for a 10 year assessment period from 2017 to 2027.

Future Market Insights forecasts income from the global service bureau market to increase from US$ 50,690.6 Mn in 2017 to US$ 97,042.4 Mn by 2027 end, representing a CAGR of 6.7% in terms of value from 2017 to 2027. This increasing revenue growth can be attributed to the continuous launch of unique services in the global market.

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North America to lead the global service bureau market in terms of value share

Of all the regional service bureau markets, North America is anticipated to be the largest, with an estimated market revenue to the tune of about US$ 33 Bn by the end of the forecast period in 2027. The North America service bureau market is estimated to witness a CAGR of 8.0% in terms of value during the forecast period. An increasing digitalisation of documents across North America is the main factor driving regional market revenue growth.

Western Europe is the second largest market with market revenue projected at around US$ 16 Bn by the end of 2027. The APEJ service bureau market stands at third place with an estimated revenue of about US$ 13 Bn by 2027 end. APEJ is a major market for service bureaus owing to the rapid adoption of such solutions for business automation processes across the region.

Differentiating Strategies of Key Players

New innovations in products is expected to remain as the main strategy for key players in this market to increase their sales growth
Long-term contracts with business partners helps increase business revenue and new innovation strategy enabling service bureau solution vendors to reach new potential customers in emerging markets

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Future Market Insights Recommendations

Evaluation of managed service concepts is helping users focus on their business rather than focussing on document storage and safety
Increasing service bureau concept in various developing countries is creating opportunities for scanning and printing hardware providers for maintaining an effective value chain
Service bureaus can focus on expanding their businesses across countries such as India and Australia, where the governments are offering investment opportunities and where setting up business is less costly
Service bureau services are expected to witness substantially high demand due to the presence of large corporations that are working to gain opportunities to enter in the competitive market

Global Service Bureau Market: Segmentation & Forecast

The global service bureau market is segmented on the basis of Services into Document Scanning, Photocopying, Others (Printing & Fax); on the basis of End User into Government, Education, BFSI, Healthcare, Law Firms, Others (Retail & Telecommunication); and on the basis of Region into North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA.

By Services, the Document Scanning segment is expected to dominate the global service bureau market over the forecast period, estimated to be valued at about US$ 19 Bn by the end of 2017.
On the basis of End User, the Government segment is projected to be the most attractive in the global service bureau market during the forecast period, registering a CAGR of 5.6% during the forecast period. The BFSI segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a CAGR of 6% in terms of value during the forecast period.
Among the Regional markets, North America is expected to dominate the global service bureau market, with an estimated market revenue to the tune of about US$ 15 Bn by the end of 2017. The market in North America is anticipated to exhibit high market attractiveness index over the forecast period.

Global Service Bureau Market: Vendor Landscape

The report features company profiles of some of the key players operating in the global service bureau market such as :

Iron Mountain Incorporated
Hyland Software
Rhenus Office Systems GmbH
Kofax
OSG Record Management

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Market Taxonomy

By Services:

Document Scanning
Photocopying
Others (Printing & Fax)

By End User:

Government
Education
BFSI
Healthcare
Law Firms
Others (Retail & Telecommunication)

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

About Us

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Electronic Trial Master File (eTMF) Market is Supported by a High CAGR of 14.0% by 2027 | Report by Future Market Insights, Inc.

According to the research report on global electronic trial master file (eTMF) market, it is expected to show exponential growth during the period of forecast, 2017-2027. The global market had witnessed high growth since the period 2012-2016 and this trend is likely to enhance in the coming years, till 2027. The global electronic trial master file (eTMF) market is estimated to reach a value more than US$ 190 Mn by the end of the assessment year from an estimate of US$ 51.7 Mn in 2017.

Future Market Insights has analysed numerous aspects of the electronic trial master file (eTMF) market and has included actionable insights in a systematic manner in its new research publication titled “Electronic Trial Master File (eTMF) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The extensive research study on eTMF market portrays various facets of the global market such as trends, opportunities, value chain analysis, competitive landscape, drivers, restraints and regional research along with key recommendations that can be viewed by the reader to achieve his/her strategic objectives in the long run.

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The research study also covers future market projections with respect to value for a period of ten years starting from 2017 till 2027. The comprehensive analysis of each segment and sub-segment of the global market portrays a real-time picture of the global market scenario.

Global Electronic Trial Master File (eTMF) Market: Segmental Highlights

In this research study, global electronic trial master file (eTMF) market is segmented by component, by deployment, by end user, by functionality and by region.

By component, software segment is expected to lead the market in terms of value and is estimated to reach US$ 130.7 Mn by the end of the assessment year. The services segment in this category is projected to grow at the highest pace during 2017-2027
By deployment, the cloud segment is highly lucrative and is adopted on a large scale. It is projected to grow at the fastest CAGR of 16.4% throughout the forecast period and is estimated to reach a noteworthy valuation by the end of the assessment year
By end user, the Contract Research Organization (CRO) segment is anticipated to grow at a higher pace in the coming years to register a CAGR of 15.6% during the period of assessment
By functionality, clinical operations segment is poised to dominate the market in terms of value and is estimated to reach a higher valuation of about US$ 970 Mn by the end of the assessment period. The auditing segment is projected to grow at a faster pace than other segments in the coming years
By region, Asia Pacific excluding Japan (APEJ) is expected to show higher growth pace in the eTMF market whereas North America is likely to lead the market with a value a bit less than US$ 130 Mn by 2027 end

Asia Pacific excluding Japan to show high potential for growth in the electronic trial master file market

Several key players are focusing on the Asia Pacific excluding Japan (APEJ) region in order to tap the emerging economies in this region. The main advantage of this region is its high potential for growth as compared to matured economies. Several end use industries are showing interest in this region owing to which the supply side players are focusing their attention on APEJ to gain business expansion.

Electronic trial master file (eTMF) market in Asia Pacific excluding Japan (APEJ) region is expected to grow at the highest pace in the coming years to register a stellar CAGR of 17.6% and is estimated to reach a valuation of about US$ 18 Mn by the end of the period of assessment, thus becoming the third largest region in the eTMF market after Western Europe.

Global Electronic Trial Master File (eTMF) Market: Competitive Scenario

The research study includes a dedicated chapter on competitive scenario which deals with various key players involved in the eTMF market. Analysis on aspects such as SWOT analysis, geographical reach, strategies, product portfolio, expansion plans, mergers and acquisitions, key developments, distribution channel analysis etc., of the key players have been covered in this study. Companies like Veeva Systems, Medidata Solutions, Inc.,MasterControl, Inc.,Data Reduction Systems Corporation,Transperfect Global Inc., Aurea, Inc.,Phlexglobal Ltd., Arivis AG,Wingspan Technology Inc., and Montrium Inc.,are profiled in this section.

Market Segmentation

The research report on global electronic trial master file (eTMF) market includes weighted market segmentation that covers functionality, component, deployment mode, end user and region.

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By Component

Software
Services

By Deployment

On Premise
Cloud

By End User

Sponsors
CRO
Others

By Functionality

Clinical Operations
Records Management
Auditing
IT Operations

By Region

North America
Western Europe
Eastern Europe
APEJ
Japan
Latin America
MEA

About Us

Contact:

Future Market Insights Inc.  
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA  
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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