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Human Machine Interface Market Size Share Growth Analysis Report to 2027

The organisations under different verticals are in constant search of methods in order to maximize the efficiency of the systems without compromising the quality. By implementation of human machine interface the organisations can significantly improve efficiency and improve the business value and safety of their industrial systems.

With the emergence of internet of things (IoT) the way we interact with machines is changing drastically. In the world of interconnectivity IoT is trending as many organisations are adopting this technology ranging from industrial products to retail products.

But in order to operate these devices Human Machine Interfaces (HMIs) are need to be more sophisticated. Human Machine Interfaces (HMI) includes software and hardware which allows human being to interact with the machine. The adoption of human machine interface software systems offer flexibility and reliability and enhance efficiency of the business process.

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Global Human Machine Interface Market driver

The increase in demand for mobile Human machine interface products is a major driving factor for human machine interface market. Many of the advanced panel based human-machine interfaces are primarily used in oil & gas, energy and power sector and chemical industries.

Enterprises are using industries human machine interface to streamline their business process and to provide more visibility across all the department.

Rise in adoption of the embedded human machine interface solutions in process industry is also a major driver for the human machine interface market, where embedded platforms enhance interaction between machines and human being to provide easy accessibility in order to gain more process visibility.

Adoption of human machine interface in automotive, aerospace and defence industries is growing as they need these technologies for monitoring and controlling their services which is one of the major driver for Human machine interface market.

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Global Human Machine Interface Market Overview

Majority of the Human Machine Interface market is dominated by North America due to adoption of advanced IT practices by large number of organisations.

The Asia pacific region is expected to witness a significant market share during the forecast period due to increasing usage of IOT technologies.

Global Human Machine Interface Market Key Market Players

Some of the key players in Global Human Machine Interface Market include, Schneider electric, ABB Ltd., General Electric Co., Rockwell Automation Inc., Siemens AG, Mitsubishi Electric, Emersion Electric, Honeywell International Inc., Atmel Corporation and Yokogawa Electric Corporation.

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Regional analysis for global Human Machine Interface Market includes development of these technologies in the following regions

North America
- US
- Canada
Latin America
- Argentina
- Mexico
- Brazil
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
Eastern Europe
- Poland
- Russia
Asia Pacific
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
Japan
The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA

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

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

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

Global Human Machine Interface Market: Segmentation

Global Human Machine Interface market is segmented based on the component, by vertical, by region.

On the basis of the component Global Human Machine Interface market is segmented to

Hardware
Software

On the basis of the vertical Global Human Machine Interface market is segmented to

media and entertainment sector
BFSI
healthcare sector
transportation
public sector
manufacturing sector
retail sector
IT & Telecom sector
energy & utilities
others

On the basis of the region Global Human Machine Interface market is segmented to

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East and Africa (MEA)

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Sales in New Zealand Sustainable Tourism Market are Projected to Increase at 16.3% CAGR from 2022 to 2032

The New Zealand sustainable tourism market is estimated to reach a valuation of US$ 8.1 million in 2022. The total sales in New Zealand sustainable tourism market are projected to increase at a 16.3% CAGR during the forecast period (2022-2032).

Rising focus of government towards achieving sustainability along with introduction of various initiatives and programs is a key factor driving growth in the New Zealand sustainable tourism market.

By 2025, the New Zealand Tourism Sustainability Commitment hopes to have every tourism firm in the country committed to sustainability. Sustainability encompasses not just environmental, but also social, economic, and giving visitors good experiences.

New Zealand has some of the most beautiful landscapes and natural settings in the world. The uniqueness of the nature and environment attracts more people to New Zealand to experience the natural beauty of the country.

“Since travellers want better and eco-friendly travel experiences, New Zealand with its mountains, landscape, and natural beauty has become an ideal sustainable tourism destination.” Says the FMI analyst

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Key takeaways

Based on tourism type, eco-tourism segment is likely to outpace other segments over the assessment period.
By tour type, the package travelers are estimated to account for the largest revenue share of New Zealand sustainable tourism market by 2032.
Based on booking channel, the online booking channel remains most preferred by tourists.
By age group, 26-35 age group segment will continue to hold the highest share in the New Zealand sustainable tourism market during the forecast period.
In terms of tourist type, domestic tourist segment will be the most remunerative in the market during the forthcoming decade.

Who is Winning?

Leading companies providing New Zealand sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in New Zealand, and launching new offers.

Some of the key players include Aroha Tours, Flying Kiwi, Tuatara Tours, Pure Trails, Air New Zealand, Tourism New Zealand, Active Adventure, Bush, and Beach, New Zealand Encounters and Travel Ltd, Hiking New Zealand, Zealandier Tours, Guest New Zealand, Queenstown, Haka tourism group.

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New Zealand Sustainable Tourism Market by Category

By Tourism Type, New Zealand Sustainable Tourism Market is segmented as:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel, New Zealand Sustainable Tourism Market is segmented as:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type, New Zealand Sustainable Tourism Market is segmented as:

Domestic
International

By Tour Type, New Zealand Sustainable Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation, New Zealand Sustainable Tourism Market is segmented as:

Men
Women

By Age Group, New Zealand Sustainable Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Sales in the UAE Faith Based Tourism are Projected to Increase at 12.7% CAGR from 2022 to 2032

The UAE faith based tourism market size is projected to reach a valuation of US$ 290 Mn in 2022. Sales in the UAE faith based tourism market are projected to increase at 12.7% CAGR from 2022 to 2032.

The UAE has one of the most prosperous religious tourism industries in the Gulf. It is also considered to be the Arab world’s largest source of tourists. Emergence of Halal tourism, a subcategory of tourism meant for Muslim families who abide by the rules of Islam is anticipated to bode well for the UAE faith based tourism market in the next decade.

Various tour companies are gaining new opportunities owing to the advent of Halal tourism and are thus designing unique travel packages, following every guideline of Halal. They are also striving to attract more visitors by providing novel facilities in accordance with the religious beliefs of Muslim tourists.

Besides, the UAE government is investing huge sums in the development of new spiritual places for people of all religions. It is a significant factor that is boosting religious pilgrimage tourism in the UAE.

Also, government agencies in the country are taking various initiatives to promote and protect its legacy and culture. The Department of Culture and Tourist, Abu Dhabi, for instance, aims to regulate, promote, develop, and advertise Abu Dhabi’s tourism business.

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Key Takeaways: UAE Faith Based Tourism Market

By booking channel, the online booking segment is leading the market and is estimated to generate ~36% of the UAE faith based tourism market share.
By age group, the 46-55 years segment is anticipated to remain at the forefront in the UAE faith based tourism market through 2032.
Based on tourist type, the international segment is estimated to hold the lion’s share over the forecast period.
By tourism type, the religious and heritage tours segment is likely to generate ~9.0% of market share during the assessment period (2022-2032).
In terms of tour type, the package travelers segment is projected to account for the highest share in the UAE faith based tourism market by 2032.

“Ongoing development of online booking platforms by travel agents and companies to help tourists gain in-depth knowledge about a particular attraction before traveling is expected to boost the UAE faith based tourism market,” says a FMI analyst.

Competitive Landscape: UAE Faith Based Tourism Market

Leading faith based tourism service providers based in the UAE are focusing on adopting various organic and inorganic strategies, including customized tour packages, airfare discounts, and online booking platforms to attract more travelers.

Some of the key players in the UAE faith based tourism market are Saifco Travel & Tourism L.L.C, Trav Trips Travel and Tourism LLC, Arooha Tours & Travel Dubai, Sky King Travel and Tourism L.L.C, ATS Travel, Regal Dubai Travel Agency, Rayna Tours and Travel, Rayna Tours, Seaman Tours, Orient Travel & Tourism Agency LLC, Jashna Tourism L.L.C, Pinoy Tourism and Travel, Dubai Private Tours, Rezbook Travel Agency, and Al Shahad Travel among others.

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UAE Faith Based Tourism Market Outlook by Category

By Tourism Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tours
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Consumer Orientation:

Men
Women
Children

By Tour Type:

Independent Travelers
Tour Groups
Package Travelers

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U.S. Faith Based Tourism Market are Projected to Increase at 9.2% CAGR from 2022 to 2032

The U.S. faith based tourism market size is estimated to reach a valuation of US$ 1,001 Mn in 2022. Sales in the U.S. faith based tourism market are projected to increase at 9.2% CAGR from 2022 to 2032.

The religious sector has drawn a large number of people to sites of attraction such as shrines and home places of deities since time immemorial. With the passage of time, the concept has evolved to spiritual tourism, in which, visiting religious believers are treated as tourists as they are looking for ways to market their visit as a vacation in addition to fulfilling their religious purpose.

Faith based tourism is expected to broaden the travel industry in the U.S. The Roman Catholic Church has effectively implemented pilgrimage traditions in the country, thereby establishing a variety of pilgrimage locations complete with sacred relics of martyrs, miracles & healing stories, Marian apparitions, and patron saints.

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Key Takeaways: U.S. Faith Based Tourism Market

By booking channel, the online booking segment is expected to generate a significant share of 45% in the U.S. faith based tourism market.
In terms of age group, the 46-55 years’ segment is anticipated to hold the lion’s share through 2032.
By tourist type, the domestic segment is likely to remain at the forefront in terms of share during the forecast period.
In terms of tour type, the package travelers segment is anticipated to generate the largest share of the U.S. faith based tourism industry.
Based on tourism type, the religious and heritage tours segment is expected to dominate the U.S. faith based tourism market.

“High demand for more authentic experiences among tourists such as immersing themselves in spiritual and cultural traditions associated with a religion or pilgrimage site would drive the faith based tourism market in the U.S.,” says a FMI analyst.

Competitive Landscape: U.S. Faith Based Tourism Market

Leading companies in the U.S. faith based tourism market are focusing on robust promotional strategies such as advertisements, as well as new package launches to generate high sales.

Leading companies in the U.S. faith based tourism industry include Expedia Group, Booking Holdings, American Express Global Business Travel, BCD Travel, CWT, Flight Centre, Travel Leaders Group, American Express, Direct Travel, Corporate Travel Management North America, Fareportal, American Automobile Association, Travel and Transport, Frosch, and Omega World Travel among others.

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U.S. Faith Based Tourism Market Outlook by Category

By Tourism Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tours
Others

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Consumer Orientation:

Men
Women
Children

By Tour Type:

Independent Travelers
Tour Groups
Package Travelers

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France Medical Tourism Market to Reach at US$ 4592 Mn in 2022 | FMI

The France medical tourism market size is anticipated to reach a valuation of US$ 4,592 Mn in 2022. Sales are projected to increase at a CAGR of 8.5% through 2032.

Over the years, medical tourism in France has been rising due to presence of highly developed medical facilities and technologies. Patients opt for tretaments due to the fact that many medical procedures or operations are expensive and are not easily available in their native places.

Availability of advanced bariatric surgery, dental treatment, and high-quality cosmetic operations is creating conducive environment for the market players in France. The nation, which had previously prohibited medical travel, revived the industry in 2015 by transforming up to 40 facilities, including the American Hospital of Paris and Gustave Roussy Cancer Center, into world-class referral centers for patients from outside.

Some of the important factors that have contributed to the expansion of the medical tourism business are decreased airfare, rising incomes in developing countries, and rising need for high-quality healthcare. The companies engaged in the area will profit from this, together with the French government’s goal of promoting the medical tourism industry.

“France medical tourism business will benefit from the improved healthcare infrastructure, effectiveness, comfort, and personalized care.” – Says an FMI analyst.

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Key Takeaways:

By treatment type, demand will remain high for orthopedic and cancer treatments in France tourism market during the forecast period.
Based on services, the therpeautics services segment will be most remunerative in the France medical tourism market through 2032.
By tour type, packaged traveller segment is likley to hold the largest revenue share of the France medical tourism market in 2032.
In terms of age group, 46 and 55 category is most likely to travel to France for medical tourism treatments over the assessment
Online booking remains the most preferrd booking channel by medical tourists.

Who is Winning?

Leading companies in the French medical tourism market are attempting to increase their revenue by providing all-inclusive packages to VIP clients. In addition to striving to further increase their presence, they are concentrated on expanding their service reach by bringing more healthcare institutions under their tent.

Major players present in the France medical tourism market include The Hernia Institute Paris, Medifrance Solution, France Medical Access, Dr. Parisescu., FAME Santé, Ribau & Garner, France Surgery, Medical Concierge France, SAM Medical France, Sonio, Ludocare, Charles.co, Axomove, Dynveo, MEDTECH, SILVER ECONOMY, Groupe Médical Santé, DIXI medical, Int’Air Medical, PrimaX Imagerie Médicale are among others.

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France Medical Tourism Market by Category

By Treatment Type:

Dental Treatment
Cosmetic Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Neurological Treatment
Cancer Treatment
Fertility Treatment
Others

By Services:

Wellness Services
Therapeutic Services

By Tour Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women
Children

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

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Indonesia Sustainable Tourism Market is Estimated to Total US$ 10.2 Mn in 2022 | FMI

The Indonesia sustainable tourism market size is estimated to total US$ 10.2 Mn in 2022. Demand is slated to surge at a a 27.3% CAGR over the assessment period, in comparison to the CAGR of 21.4% registered between 2017 to 2021.

The Indonesia sustainable tourism industry is following various promotional activities such as direct marketing, discounts, offering free giveaways, and hosting events activities to promote their services. As the majority of potential customers are millennials who prefer social media to search and discover travel packages, companies are investing in advertisement on social media channels to improve sales.

Aside from that, the country’s service sector is gradually aiming for the contactless/online payment trend. When contactless transactions are allowed, customers save time by not trying to sort through cash or enter their PIN. The introduction of mobile payments has also made carrying a wallet out-of-date. Travel agencies and cash counters at tourist locations are offering cashless payment methods to offer convenience to tourists.

“Rising focus on sustainable development across remote locations in Indonesia, along with government-backed initiatives to support eco-friendly practices in the tourism sector will continue fueling the growth in the market,” says an FMI analyst.

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Key takeaways

26-35 age group segment will continue to hold the highest share in market.
The domestic tourist segment will remain highly lucrative in the tourist type category
In terms of tour type, the package tours segment is estimated to account for a dominant share in the market.
Based on booking type, demand in the online segment will remain high through 2032.

Competition Landscape

Leading companies operating in the Indonesia sustainable tourism market are focusing on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in Indonesia, and new offers to improve sales.

Leading companies providing sustainable tourism in Indonesia are Altai Travel, Travelxism Sustainable Tour, Sumatra Eco Travel Bukit Lawang- Tours & Trek, Javaindo Ecotourism Tour & Service, Exo Travel Indonesia, Happy Trails! Asia-Indonesi, Azimuth Adventure Travel Lt, Satguru Indonesia-Travel Management Compan, K.B.A Tur (PT. Karang Bali Asli Tur, Delokal- Travel Like loca, Authentic Indonesi, Trijaya Travel: Sumatra Tour & Travel Agent Meda, Destinazones, Wild Sumatra Tours and others.

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Indonesia Sustainable Tourism Market by Category

Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

Booking Channel:

Phone Booking
Online Booking
In-Person Booking

Tourism Type:

Domestic
International

By Tourist Type, Indonesia Sustainable Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

Consumer Orientation, Indonesia Sustainable Tourism Market is segmented as:

Men
Women

By Age Group, Indonesia Sustainable Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Italy Faith Based Tourism Market is Approximately ~2%-6% in 2032 | FMI

The Italy faith based tourism market size is set to be valued at US$ 72 Mn in 2022. It is projected to exhibit growth at a CAGR of 9.8% from 2022 to 2032.

Italy is known for its incredibly rich and diverse religious tourism industry. Spiritual experiences are one attraction that appeals to both believers and non-believers. They frequently seek out meaningful encounters and value the opportunity to share religious and spiritual encounters with other like-minded visitors.

Due to its unrivalled cultural history, which includes museums, theatres, archaeological sites, historical towns, industrial sites, music, and food, Italy is a well-known cultural tourist destination.

Key Takeaways: Italy Faith Based Tourism Market

The Italy faith based tourism market exhibited growth at a CAGR of 5% in the historical period from 2017 to 2021.
By tourist type, the international segment is anticipated to grow at a CAGR of 0% throughout the forecast period.
In terms of booking channel, the online booking segment is likely to showcase growth at a CAGR of 0% during the forecast period (2022-2032).
Based on tour type, the package travelers segment is set to dominate the market by generating the highest share.
By age group, the 36-45 years segment is estimated to lead the Italy faith based tourism market by accounting for the lion’s share.

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“Pilgrimages and visits to the Marian shrine have increased significantly in recent years in Italy. Increasing number of new religious attractions, including religious-themed festivals and activities, is expected to boost the market,” says a FMI Analyst.

Competitive Landscape: Italy Faith Based Tourism Market

Leading faith-based tourism firms in Italy are focusing on adopting various promotional strategies to attract more customers. They are also promoting well-known spiritual tourist attractions across Italy through social media platforms.

Major players present in the Italy faith based tourism market are Italy Travel Company, Hello Florence Tours Travel Srl, Venice Italy Travel, Luxury Rome Tour, Smart Trip, Show Me Italy, Real Italy Travel, LivTours, Argiletum, Italy Customized Srl, Miles&Miles Tours of Rome and Italy, Milan Visitor Center- Zani Viaggi, Michelangelo International Travel, Caf Tour & Travel, Cedars Travel, Through Eternity Tours, and Rome Travels among others.

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Italy Culinary Tourism Market Outlook by Category

By Activity Type:

Culinary Trials
Cooking Classes
Restaurants
Food Festivals
Others

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women
Children

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Acrylonitrile Market | Worldwide Industry Analysis and New Market Opportunities Explored By 2031

According to the latest research conducted, the demand for Acrylonitrile is anticipated to grow with a compelling growth rate of about 3.5% to 5.0% in between the coming assessment period of 2021-2031.

Ammonia, propylene and propane are used as a raw material for the production of acrylonitrile. It is used in many industries for the production of variety of polymers and thermoplastics. Some major uses include acrylic fibres, nitrile rubber, ABS and others.

The increasing demand for acrylic fibres manufactured from acrylonitrile is expected to drive the market over the forecast period. It is also one of the primary raw materials in the production of plastics and composites, which is further anticipated to propel its global demand.

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What is Driving Demand for Acrylonitrile

Major factors driving the market are the growing demand from construction industry and automotive industry. The extensive usage of acrylonitrile in the building sector for headliners, interior grills, centre consoles, and other applications is one of the primary drivers driving the market’s growth.

The construction industry’s rapid rise has fueled the market demand. It is also used in the automotive industry to make critical components such as seatbelts, instrument panels, dashboards, and other such items.

Growth of Textile and Automotive Industry Increases the Demand of Acrylonitrile

The growing textile and apparel industry in emerging economies of the Asia-Pacific region, due to rising urbanization and increasing affordability is anticipated to drive the market for acrylic fibre over the forecast period.

Acrylic fibres are used extensively in the textile and packaging industries. They possess high resistance to laundry bleach, ultraviolet degradation, and microbiological attack, along with an aesthetic appeal.

These fibres are also light in weight and have a comfort feel the softness, making them a great choice for clothing. People’s lifestyles have changed dramatically as a result of rapid urbanisation. As cities grow, so does the demand for transportation.

APAC Market Outlook

Due to the rapid expansion of the automotive and construction industries in the region’s growing countries, the Asia-Pacific region accounts for a large portion of the worldwide acrylonitrile market.

In China and India, high demand for electrical and electronics, household appliances, gadgets, and autos is boosting market growth. The top importers in the region are China, India, and Korea. China is also a major manufacturer of the chemical.

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Who are the Key Manufacturers and Suppliers

Some of the leading manufacturers and suppliers include

Formosa Plastics Corp.
Mitsubishi Chemical Corporation
Sumitomo Chemical Company Ltd
Sinopec Group
Asahi Kasei
INEOS
Ascend Performance Material
Taekwang Industrial Co. Ltd
ShanghaiSECCOPetrochemical Company Limited and many others.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered

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About Us

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

Contact Us

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Germany Culinary Tourism Market Will to US$ 48,199 Mn in 2022 | FMI

The Germany culinary tourism market size is anticipated to reach a valuation of US$ 48,199Mn in 2022, with sales growing at a 12.4% CAGR through 2032.

Online platforms and social media platforms are being used by the leading German culinary tourism players to promote the cuisine heritage of Germany. The wine making and tasting package available within culinary packages is appealing international tourists.

The government is also financing local and small restaurants/hotels/ cafes to promote the culinary tourism market. They are also promoting new entrepreneurs. Thanks to this, restaurant and cafes owners are more motivated to provide local delicacies made from the local ingredients found in particular locations in Germany.

“Rising government-backed initiatives to promote local cafes and eateries in Germany, along with growing interest in exploring the culinary heritage of the country among international travellers will continue pushing sales in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

Based on activities, the restaurant segment will account for a dominant share in the market over the assessment period.
Online bookings are expected to contribute a the most to the Germany culinary tourism market.
The influx of international tourists in Germany will remain high.
Individuals in the 35-45 age bracket are most interested in taking German culinary tours.

Competition Landscape

Leading players in the Germany culinary tourism market are focusing on promotional strategies to improve sales. They are also collaborating with local restaurants, bars, and eateries to gain a competitive edge in the market.

Key players in the Germany culinary tourism market include Fork & Walk Tours Munich, VOC – Vereinte Ostdeutsche Compagnie GmbH, Withlocals, Travelxsite, Discover Bohemia Tours, Fat Tire Tours Berlin, Henry Heidelberg Tours, A Friend in Berlin, Räucherspeziatlitäten Pfau, Wie schmeckt meine Stadt, Opatrip.com Germany, Travelxsite, Essence of Berlin, Tripaneer and Goway Travel among others.

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The Germany Culinary Tourism Market By Category

By Activity Type:

Culinary Trials
Cooking Classes
Restaurants
Food Festivals
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Package Traveler
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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https://figma-bosnia.tribe.so/post/hong-kong-tourism-market-size-share-forecasts-analysis-company-profiles-com–6316e8bab8b30fb4d529eed1

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Ester Gums Market | Current Scenario Trends, Comprehensive Analysis & Regional Forecast to 2031

According to the latest research, the demand for Ester Gums is anticipated to grow with a compelling growth rate of about 6.0% to 8.0% in between the coming assessment period of 2021-2031. Ester gums used in many applications like food, beverages, cosmetics, paints, inks and many others.

Ester Gums, also known as Glycerol Esters of Wood Rosin, is used in chewing gum and ice cream as a thickening agent and emulsification stabilizer. Fruit and citrus flavoured sodas, lemonades, chewing gum, fruit coatings, and confectionery inks all contain the glycerol ester of wood rosin.

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What is Driving Demand for Ester Gums?

Ester gum is an important additive in the food and beverage industry, and there is a growing need for it all over the world. The need for ester is ultimately driven by demand from fruit and energy drinks.

Another factor to drive the market growth is rising demand for ester gums from the food and beverage industries around the world. Furthermore, the increasing use of different types of ester gums as an emulsifier and stabilisers in different beverages such as energy drinks and also in end –use industries like paints and coatings, inks is a factor that is expected to fuel market growth in the near future.

Citrus fruit flavouring oils, such as those produced from lemons and oranges, do not mix well with carbonated water or natural fruit juices. Even after mixing, these extracted flavouring oils would just float on top of the beverage if put directly into carbonated water.

The ester gum is essential for perfectly blending the flavouring oils with carbonated water. The non-alcoholic beverage sector is being driven by a growing focus on health and wellness, which is projected to enhance the ester gum market in the coming years.

Growth of Paints & Inks industry and Food & Beverage Industry Boost the Market and Increasing demand of Ester Gums.

One of the important segments for using the ester gums is in the field of paints & inks. Ester gums are a resin modification that can be utilised in adhesives, modifiers, and protective coatings where little odour is required.

Glycerol Esters of Wood Ester Gum Rosin is an emulsifier that thickens foods like chewing gum and ice cream. Ester gum is an odourless, yellow resin with homogeneous flakes that is utilised as a clouding agent in the beverage industry for aromatized, non-alcoholic beverages, as well as a raw material for chewing gum production.

Especially in citrus-flavoured soft drinks, ester gum is utilised as a natural alternative to brominated vegetable oil. Hence, food & beverage industry also plays a vital role to drive the market of ester gums,

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APAC Market Outlook Demand

One of the largest markets for ester gum is Asia-Pacific, with China accounting for the majority of regional sales. During the projected period, the region is also expected to have a strong growth rate.

The demand is being boosted by an increase in demand from several end-user industries, particularly the Paints, Inks, and Coatings and Cosmetics Markets. Chewing gum, beverages, as well as cosmetics and personal care goods, are in high demand in China.

With expansion into second and third-tier markets, China’s domestic cosmetics and personal care business has also showed an upward trend.

India is also a major market for ester gum demand in paints and adhesives manufacturing sector. The construction industry’s strong growth in the country has been a primary driver of this expansion. Another driving factor for the ester gum market is the growing demand for environmentally friendly goods for cosmetic applications.

Europe Market Outlook

Europe is one of the major market for the cosmetic industry. Europe is a potential market for new innovations and launches in the beauty and personal care market due to consumer behaviour toward maintaining a high quality of life.

Furthermore, the rising demand for natural ingredients and a growing consumer base concerned with raw-material composition, particularly in European regions, are viewed as opportunities for higher brand penetration by key players in the beauty and personal care products market. All these factors help to driven the market of ester gums in the forecast period.

The European functional beverage market is being fueled by the growing number of health-conscious consumers and their need for products containing health-based ingredients.

Who are the Key Manufacturers and Suppliers?

Some of the leading manufacturers and suppliers include

Jubilant
Arakawa Chemical Industries ltd
Foreverest Resources
Mangalam Organics Limited
Eastman Chemical Company.
PT. INDOPICRI.
Foshan Baolin Chemical Industry Co.Ltd.
DRT
Shree Resins and many others.

Significant growth of cosmetics industry and food & beverages industry in countries such as China and India drive the industrial sector market in the Asian-pacific region.

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

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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By Segments

By Type:

Glycerol Esters of Wood Rosin (GEWR)
Glycerol Esters of Gum Rosin (GEGR)
Polymerized Rosins of Glycerol Esters(PRGE)
Penta Ester Gum
Others

By Application:

Paints & Coatings
Food & Beverage
Chewing Gum
Cosmetics
Adhesives

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