Natural Flavors Market Should Expect A Tremendous Growth Over The Forecast Period-FMI

Natural flavors are organic-based raw materials often used in the processing of food. They act as ingredients to enhance the taste of food products. For a substance to be listed as a natural flavor, it must be obtained from either plant or animal source; therefore, it must be organic. Natural flavors are usually derived from ingredients such as meat, seafood, eggs, dairy products, poultry, vegetable, fruits, bark, bud, root, and other organic sources through distillation or fermentation. These ingredients function is to add flavor rather than nutrients to foods.

The rise in demand for natural ingredients, increasing health concern, disregard towards the consumption of chemical or artificial food products are factors fueling the growth of the global natural flavors market in the food and beverage industry.

Natural Flavors Market Growth Driven by Consumers’ Growing Demand for Natural Products

With the rise in awareness regarding the adverse effect of consuming artificial or synthetic ingredients, the natural flavors market should expect a tremendous growth over the forecast period. Consumers are conscious about their health and are willing to spend on healthy food products.

Also, the rise in demand for clean label products is another factor to watch out for as it is projected to boost the market significantly during the forecast period and aftermath

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Growing Disposable Income

The rise in disposable income and the high population size of consumers is a strong force fueling the growth of the natural flavor market globally. Developing nations like India, China, and Japan are currently witnessing an upsurge in their economies, and this has facilitated the rise in the disposable income of individuals within the nations.

Food and Beverage Industry in Steady Demand for Natural Flavor

The food and beverage industry finds natural flavors as an essential product essential for the enhancement of taste and quality of foods and beverages produced from the industry. Natural flavors are a composition of a variety of organic compounds that are volatile in nature capable of enhancing the taste and quality of food. The rise in consumer demand for natural ingredients is a crucial factor in fueling the growth of the industry.

Natural Flavors Market Restraint

The global natural flavors market is not without its challenges. Some of the forces expected to impact the market negatively include the high cost of production and instability of natural flavor. The cost of obtaining the raw materials required for the production of natural flavors is threatening the growth of the natural flavors market globally. Consumers might be forced to shun the natural flavors market owing to the high cost of natural products.

Natural Flavor Market: Region-wise Analysis

Europe remains the largest market for the natural flavor market, with the United Kingdom acting as a driver. The region will remain in dominance even after the forecast period owing to the rise in demand for organic ingredients within the UK and other European countries like Germany and France.

The Asia Pacific region will record a double-digit CAGR over the forecast period. And this is due to the rise in demand for natural flavor in countries like China, India, and others. With the increase in demand for organic products, North America is projected to witness significant growth within the forecast period.

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Natural Flavor Market: Competitive Landscape

The natural flavor market is highly consolidated. Some of the key characteristics of the market are the introduction of clean label and organic flavor ranges, and the merging of major players with local players to extend market to places where there is little or no recognition.Some of the major players in the global natural flavor market are:

  • Kerry Group
  • Givaudan
  • Firmenich
  • Sensient Technologies Corporation
  • Symrise AG

Frutarom Industries to understand their influence on the overall market. Other key players listed in the report are

  • Hasegawa Co.
  • International Flavors & Fragrance Inc.
  • Wild Flavors Inc
  • Huabao International
  • Takasago International Corp

Region-wise Analysis

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

Report Highlights

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

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

Global Natural Flavor Market Segment Analysis

The global natural flavor market can be segmented on the following basis:

By Type

  • Natural Flavor
  • Synthetic Flavor
  • Natural Identical Flavoring

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By Application

  • Dairy
  • Bakery
  • Snack
  • Confectionery
  • Beverage
  • Others

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Young Consumers Rather Than Going For Low-Alcohol Wines Prefer Premix Bottled Cocktails -FMI

Premix Bottled cocktails are premixed, ready-to-drink cocktail beverages sold in glass bottles. Introduced in the 2010s, this is a fresh concept that took off with the millennials showing interest in the premix bottled cocktails that sort of resembled the likes of bottled soft drinks in their younger days.

The only difference is that it is sugar water with alcohol content, thereby packing an extra punch in the drink. Premix bottled cocktails are available in malt-based, wine-based, spirit-based, and other types of bases. The flavours available in the premix bottled cocktails range from fruit flavours, caffeine flavours, traditional flavours (such as Mojito and Bloody Mary), and other flavours.

Compared to the minimal but steady growth of the global cocktail market, the premix bottled cocktail segment is rapidly capturing the consumers, indicating growing interests and popularity in the beverage market and a compounded annual growth rate of more than 4.5% that of the cocktail market over the forecast period.

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Growing Demand from Millennial and Women to Stoke the Market’s Growth

Developed countries like the U.K. and Germany are showing responsible drinking trends largely, owing to health consciousness among consumers. Though most of the consumers have been identified to be over the age of 45, trend is quite notable among the young as well.

The young consumers rather than going for low-alcohol wines prefer premix bottled cocktails that not only offers great taste but is also aromatic and appealing to the eye. Such drinks are apt for on the go consumption and saves the hassle of creating cocktails while hosting a house party.

A study found that women’s bodies are affected differently by alcohol than men’s bodies. There have been rising cases of women suffering from alcohol and double the cirrhosis death when compared to men. Adult women’s visits to hospitals for overdosing on alcohol also are rising sharply.

This phenomenon is largely observed in the Western world and to put the risky drinking patterns into check, women have started opting for premixed bottled cocktails that contains less alcohol percentage. Also, women are more likely to yield to their sweet tooth, hence they have a close affinity towards cocktails.

Global Premix Bottled Cocktails: Key Players

Some of the key players manufacturing premix bottled cocktails are as follows –

  • Hub Punch
  • Courage+Stone
  • Campari Bottled Negroni
  • Crafthouse Cocktails
  • Watershed Distillery
  • Hochstadter’s Slow & Low
  • Empower
  • Belmonti Bellinis
  • Austin Cocktails
  • Wandering Barman
  • Siponey
  • Amor y Amargo
  • Drnxmyth

Opportunities for Global Premix Bottled Cocktails Market Participants

Though North America holds the largest market share in the premix bottled cocktails market, the European market is forecasted to grow at a striking rate owing to the preference of bottled packaging for beverages.  The European nations such as the U.K., Germany, France, and many others account for approximately 90% of bottled packaging while the rest is covered by canned beverages.

Restaurants and bars in the city of London have keeping and delivering premix bottle cocktails to recover from the losses incurred during the COVID-19 pandemic. Few of the premix bottled cocktail brands are entirely made in France. Others regions such as South Asia, East Asia, and Australia are expected to quickly follow suit while the regions of Latin America and MEA will gradually embrace the market.

COVID-19 Impact

As a matter of fact, the trend of premix bottled cocktails market grew exponentially in the wake of COVID-19 pandemic. The consumers unable to visit restaurants and bars due to lockdowns and precautionary measures imposed by the government, opted for the online retail options of ordering premix bottled cocktails at their doorstep.

This created a huge impact on the online business of selling premix bottle cocktails for many manufacturers to which other players ramped up their marketing efforts in the online segment. The already trending market thus gained more popularity and will continue to do so post the COVID-19 pandemic.

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

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By doing so, the research report serves as a repository of analysis and information for every facet of the premix bottled cocktails market, including but not limited to: regional markets, primary ingredient, additive ingredient, bottle size, alcohol content, and sales channel.

The Report Covers Exhaustive Analysis on

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

Regional Analysis Includes

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

The premix bottled cocktails market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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

Global Premix Bottled Cocktails: Market Segmentation

Primary Ingredient:

  • Malt-based
  • Wine-based
  • Spirit-based
  • Others

Additive Ingredient :

  • Alcoholic
  • Non-alcoholic

Bottle Size:

  • Less than 250 ml
  • 250-350 ml
  • More than 350 ml

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Alcohol Content:

  • Less than 5%
  • 5-8%
  • More than 8%

Sales Channel:

  • Liquor Store
  • Hypermarket/Supermarket
  • Convenience Store
  • Online Retail
  • Others

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

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Gamification in Education Market New Technological Development Projecting Massive Growth till 2031

The Gamification in Education market is projected to record more than 30% growth rate during the forecast period and expected to reach US$ 2 Bn by 2031. Gamification is about transforming the classroom environment and regular activities into a game. In other words, gamification of learning is an educational approach to motivate students to learn by using video game design and game elements in learning environments.

The goal is to maximize enjoyment and engagement through capturing the interest of learners and inspiring them to continue learning. According to the study by Traci Sitzmann, the game becomes the most powerful teaching tool, it increasing the performance and improving skill development by a 20%. Thus, rise in adoption of gamification tools in educations system is expected to drive the market growth in coming years.

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What is Driving Demand for Gamification in Education?

Gamification has been largely used in the education and learning sector for many years. This technology is a developing approach for increasing learners’ motivation and engagement by incorporating game design elements in educational environments.

This technology is becoming increasingly used in educational settings for a number of reasons it ‘makes the hard stuff more fun’, that helps students get motivated and make them more engaged with the subject matter.

Gamification in learning involves using game-based elements such as point scoring, peer competition, team work, score tables to drive engagement, help students adapt new information and test their knowledge. It can apply to school-based subjects, and is also used widely in self-teaching apps and courses, showing that the effects of gamification does not depend on age of students.

Thus, the rise in adoption of Gamification technology in education is drive the market growth.

Growing Number of Mobile Learning Applications would Propel the Market Growth

The education sector has witnessed a drastic change due to new advanced technologies including smartphones and mobile learning applications. The rise in number of mobile learning applications, the growing technological advancements, and the ease of internet access help in providing a personalized learning experience for learners of all types.

Gamification, incorporating gaming elements into non-gaming contexts, is not the new innovation but still in hot demand, while the popularity of mobile learning is inevitable given the technological shift toward untethered devices such as smartphones and tablets.

Using mobile applications and advanced communication tools help students develop their skills by means of using the digital environment. Mobile learning applications is gaining pop

ularity as it is accepted to be an effective technique of delivering lessons and acquiring knowledge as its main strengths are anytime and anyplace. The rise in adoption of mobile learning applications is expected to drive the market growth.

US Demand Outlook for Gamification in Education

The entire education industry in the U.S. is growing extremely rapidly, and the predictions concerning market growth are encouragingly positive. The country have access to an entire spectrum of tech—through the smartphones, through their desktop computer, or other interactive devices. Due to the advanced digital literacy in the country, organizations are continuously adopting and deploying eLearning for their employees.

More than 60 percent high school students in the U.S. leverage only smartphones to search for study and training material. The increasing adoption of cloud-based authoring tools and learning platforms in U.S., along with presence of existing technological infrastructures available in the country make it easier for organizations to leverage the tools and network speeds they have on hand to deliver eLearning modules.

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China Demand Outlook for Gamification in Education

There are currently around 1.367 billion people living in China today, of which only 100 million users are actually participating in eLearning opportunities. That means only eight percent of China’s population has access to and participates in eLearning. Still, with 700 million Internet users, the room for growth is huge.

Comparing the numbers for population versus eLearning participants identifies a gap which could be easily closed using prepackaged eLearning, better workforce training, and even the freedom for social networking as part of the learning process. Hence, Chinese government are focusing are investing more on eLearning solutions which would drive the market growth in coming years.

Who are the Key Gamification in Education Vendors?

Some of the leading vendors offering gamification in education products include

  • Microsoft
  • MPS Interactive Systems
  • Bunchball
  • NIIT Ltd
  • D2L Corporation
  • Cognizant
  • Fundamentor
  • Top Hat

Key Segments

By Solution:

  • Gamification Software
    • Cloud-Based
    • On-Premises
  • Services
    • Professional Services
    • Managed Services

By End User:

  • K-12
  • Corporate Training
  • Universities

By Region:

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

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Isopropyl Myristate Market | Companies Outlook, Growth Prospects and Key Opportunities by 2027

Isopropyl myristate is among the commonly used fatty acid ester and is isopropyl ester of tetradecanoic acid. Isopropyl myristate is categorized mainly employed as synthetic oil and is produced by reaction of isopropyl alcohol and myristic acid.

Isopropyl myristate is among the foremost available substitutes for natural oil in the cosmetics industry. Isopropyl myristate is also used as solvent in several trans-dermal pharmaceutical products and pharmaceuticals creams.

Major end user industries for isopropyl myristate include personal care, pharmaceuticals, food and lubricants among several others. Personal care is the largest application segment for isopropyl myristate and the trend is anticipated to continue for a foreseeable future. Isopropyl myristate is also used as a pesticide free product for killing lice.

Isopropyl myristate helps in enhancing skin penetration properties of products owing to which, pharmaceutical is anticipated to be the fastest growing application segment for isopropyl myristate. Other applications of isopropyl myristate include solvents, plasticizer and bio diesel among others.

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Low production cost as compared to other available substitute is among the foremost driver for demand of isopropyl myristate. Moreover the apparatus employed in the production of isopropyl myristate can be used for production of several other products.

Therefore low capital investment is among the major growth drivers for isopropyl myristate market. Isopropyl myristate is employed in several pharmaceutical products primarily creams. Therefore, high growth in pharmaceutical industry across the globe is a major factor fuelling demand for isopropyl myristate.

Increasing disposable income leading to surge in demand for personal care products including oil and other skin products is anticipated to drive isopropyl myristate market growth during the forecast period.

Isopropyl myristate is used in combination with several other products including petroleum products. Isopropyl myristate is easily penetrated into the skin whereas the petrochemicals get clogged in pores leading to a decline in supply of oxygen to the skin resulting in several skin related issues.

Isopropyl myristate when in contact with diethanolamine leads to production of carcinogenic compounds. Therefore intensive care has to be taken while using isopropyl myristate based products which has been a major restraint for isopropyl myristate market growth. Increasing research and development for increasing the application scope of isopropyl myristate is expected to offer huge growth opportunity in the market.

North America followed by Europe has been dominating the global isopropyl myristate market. Increasing demand for bio based products in North America and Europe is anticipated to restraint market growth for isopropyl myristate in the regions.

Demand for isopropyl myristate in North America and Europe is anticipated to grow at a sluggish rate during the forecast period. Asia Pacific is anticipated to be the fastest growing region for isopropyl myristate market during the forecast period.

High GDP growth and increasing disposable income in the emerging economies of India and China leading to high growth in major end user industries including personal care and pharmaceuticals is expected to drive demand for isopropyl myristate in the region.

Isopropyl myristate is a highly fragmented market and is dominated by regional players. The market is characterized by high degree of competition and major players compete by price differentiation thus increasing price sensitivity.

Major players in the isopropyl myristate market include ABITEC Corporation, Sumitomo Chemical Co. Ltd., Archer Daniels Midland Company, Croda International Plc, Akzo Nobel N.V, Evonik Goldschmidt GmbH, Subhash Chemical Industries and Sasol Limited among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Regional analysis includes:

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

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

About Future Market Insights (FMI)

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

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Demand For Sports Nutrition Products Is Expected To Play A Crucial Role In Promoting The Use Of Postbiotic Supplements Market -FMI

Postbiotics supplements are by-products of the fermentation cycle in the intestine performed by probiotics. In other words, postbiotics supplements are developed as the probiotics feed on prebiotics. They are essentially the “waste” of probiotics. Waste goods does not sound like it will be really good for us. Ironically enough, they are in reality responsible for many essential health-boosting roles in our intestines.

They are simply the product of the presence and survival of microorganisms that reside in our intestines, but they may also be introduced directly via therapeutic processes. Functional foods that contain health-promoting ingredients such as vitamins, phenolic lipids, minerals, proteins, carbohydrates and bioactive components (prebiotics, probiotics, synbiotics and postbiotics) have gained greater significance from producers and consumers.

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Postbiotics supplements have been described as a possible feed additive for use in monogastric animals such as poultry and swine to boost safety and growth efficiency. Postbiotics supplements may be regarded as a promising alternative to live probiotic microbes. Along with this, the postbiotic supplements are also used in functional foods and the pharmaceutical industry for nutritional benefits, disease prevention and therapeutic purposes.

Increasing Health Awareness among Consumers Creating Positive Scenario for Postbiotic Supplements:

A robust, naturally diverse population of intestinal bacteria (i.e., a balanced microbiome) can make all the postbiotics supplements a body needs. These therapies work better when combined with changes in lifestyle, particularly eating a healthier diet, minimizing the intake of toxins or unnecessary medicines, and stress control.

Postbiotics supplements can be an elegant and safe method for improving health, as postbiotics supplements have fewer storage and shelf life challenges compared with viable probiotics. Increasing demand for sports nutrition products is expected to play a crucial role in promoting the use of postbiotic supplements in the North American and European countries, due to the increasing importance of active lifestyle along with increased awareness of the benefits of intake of postbiotic supplements.

One of the main driving factors is also the optimistic attitude towards the sports nutrition industry. Increasing the number of global sporting events, athletes are encouraged to focus on physical strength by increasing their immunity. Postbiotic supplements provide important nutrients required for a healthy body to lead a healthier life. It is anticipated that increasing customer understanding of maintaining good gut health coupled with high prevalence of digestive health issues would drive demand for postbiotic supplements over the forecast period. Increasing recognition of the value of healthy diet in countries such as China and India is expected.

Global Postbiotic supplements market: Market Participants

The key market participants identified across the value chain of the global Postbiotic supplements market are:

  • ADM
  • Chambio Co., Ltd.
  • Sabinsa cosmetics
  • INLIFE Healthcare
  • Ohhira Probiotics
  • Billion Cheers

In 2109, Sabinsa released Lactosporin, a Novel Probiotic Metabolite for hair and skin. It is a postbiotic drug with a strong antioxidant activity and 50 percent free radical scavenging inhibition. The drug also has a significant anti-inflammatory and dose-dependent activity against collagenase.

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Opportunities for Postbiotic supplements market:

Consumers are increasingly becoming aware of the role a healthy digestive system plays in promoting overall wellbeing. Evolving research areas are leading manufacturers to develop new products that address broader customer demands. Nevertheless, growing NPD operation has sparked questions on the market about transparency and efficiency. Research now focuses on and investigates the microbiota, attempting to identify indicators in the hopes of preventing or diagnosing health issues and diseases.

When probiotics were metabolized, postbiotics were developed and those cultures were thought to have been absorbed into the intestinal tract. Postbiotics may be a clever alternative to using whole bacteria in a probiotic form. Postbiotics have entered marketable applications in the field of personal care, which has given market players the ability to expand their product portfolio. Postbiotics are anticipated by professionals as “the metabolic by-products or bacterial products of gut microbes that have biological processes in our bodies” and are an exciting new area for research and development.

Brief Approach to Research Postbiotic supplements Market:

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

Postbiotic supplements market: Market Segmentation

On the basis of Form, the Global Postbiotic supplements market has been segmented as:

  • Powder
  • Capsules
  • Tablets
  • Liquids
  • Others

On the basis of type, the Global Postbiotic supplements market has been segmented as:

  • Short-chain fatty acids
  • Lipopolysaccharides
  • Muramly dipeptide
  • Indole, derived from tryptophan
  • Teichoic acid
  • Lactocepin
  • P40 molecule

On the basis of Distribution Channel, the Global Postbiotic supplements market has been segmented as:

  • Online Retail
  • Supermarkets/Hypermarkets
  • Drug Stores
  • Retail stores
  • Convenience Store
  • Others

On the basis of region, the Global Postbiotic supplements market has been segmented as:

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

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Report Highlights:

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

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Smart Shelves Market Comprehensive Research Study and Strong Growth in Future 2031

Smart shelves are electronically connected shelves that are used for tracking inventory in retail outlets. Smart shelves use combination of digital displays, RFID tags, and sensors for providing detailed information about the product, cross-selling suggestions, and marketing and smart shelves also provide retailers valuable insights about customer shopping patterns and preferences.

Smart Shelves Market Forecast and CAGR

According to latest research, Metal Air Batteries market is estimated to reach around 10 Bn in 2031 with an expected CAGR of 25%. Technological advancement and increasing customer customization & personalization is driving the sales of smart shelves in forecast period.

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What is Driving Demand for Smart Shelves?

The advent of electronic labels are likely to eliminate the use of paper and will ease out the process of changing the prices in the entire store in minutes. Most of the supermarkets are starting to adopt smart shelves with digital displays as more and more retailers are making use of advanced technologies to replace paper labels.

For instance, Kroger, an American retail company, has now started using EDGE, a cloud-based display solution. The software displays advertisements, prices, coupons, videos, and nutritional data. This is estimated to significantly boost the sales over the forecast period.

Moreover, this technology enable retailers to check inventory levels and know when a product is out of stock. Smart shelf technology can also alert retailers to the theft of goods, thus minimizing the loss and maximizing the profits.

Also, key benefits such as correct product positioning, low stock alerts, real-time shelf tags update, real-time stock information, customized product information, optimized store performance, and enhanced customer service are likely to flourish the demand in the near future.

How are RFID Technology and IoT Sensors Contributing towards the Market Potential?

A radio frequency identification reader (RFID) uses radio waves for identifying the products and provide information about them. It usually contains a tag which comprises of a reader, microchip, and an antenna to receive and transmit data. RFID tags on products combined with robotic checkouts helps to automatically scan the products and make shopping faster.

RFID technology help retailers track and manage inventories in supermarkets. RFID tags may also alert store owners/associates if in case someone has mistakenly placed items on a wrong shelf or when the shelves are empty and need restocking.

Additionally, Internet of things (IoT) sensors are used for controlling temperature. It can check temperatures in cases and freezers to ensure whether they are appropriate before any fluctuation makes all the frozen food turn bad or ruins all the ice cream.

Moreover, the IoT technology help supermarkets comprehend which items are mostly bought by customers can affect the way stores displays their products. The technology is also capable of collecting data and data is provided to the associates for analysis.

APAC Smart Shelves Market Outlook

The demand for smart devices such as RFID tags & labels, smart shelves, mobile computers, POS terminals, signal-receiving devices, customer service appliances include shopping guide robots and self-service terminals are increasing in the retail industry in the region. These smart devices are used to track and identify items and control of inventory applications.

Retailers are using smart shelves to upgrade and check inventory levels over its stores across the globe. These factors responsible for an impact on the inventory accuracy reportedly updated to 98%. Moreover, smart devices offer different features for smart retail, such as improve operational efficiency, increase store quality, and enhanced end-user consumption experiences.

These features creating potential growth opportunities for the smart shelves vendors in the region.

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Europe Demand Outlook for Smart Shelves

The retail industry in Europe is witnessing high growth in last few years. This growth is attributable to the existence of key players such as Pricer, SES Imagotag, Opticon Sensors, and Cicor. High penetration of electronic shelf labels in the regional retail business, especially in the countries such as France, Italy, Belgium, Germany, and other European countries, is likely to drive the growth of smart shelves in the region.

Several factors such as the requirement for highly interactive retail environment and advanced and fast retail processes in Europe are contributing towards the growth of smart shelves market.

Who are the Key Manufacturers and Suppliers of Smart Shelves?

Some of the leading manufacturers and suppliers include

  • Happiest minds
  • Avery Dennison
  • Huawei Technologies Co. Ltd
  • PCCW Solutions
  • Intel
  • Honeywell International Inc.
  • NXP Semiconductor
  • Samsung Electronics
  • E-Ink Holdings

Key Segments of Smart Shelves Market

By Component:

  • Hardware
    • RFID Tags and Readers
    • Electronic Shelf Labels (ESL)
    • IoT Sensors
    • Cameras
  • Smart Shelves Software
  • Service
    • Integration & Deployment
    • Consulting
    • Support & Maintenance

By Application:

  • Inventory Management
  • Pricing Management
  • Content Management
  • Planogram Management

By End-user:

  • Departmental Stores
  • Supermarkets
  • Specialty Stores
  • Others

By Region:

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

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Industrial Agitators Market Future Scenarios, Growth and Analytical Insights – 2027

The Industrial Agitators Market is predicted to expand at an impressive CAGR of 8.6% to attain a net worth of US$ 2.15 Bn in 2022 and US$ 3.24 Bn by the end of 2027.

“Agitators are used across a host of end-user industries, such as pharmaceutical and biotech, food and beverages, oil and gas, coatings and paints, adhesives and sealants, and brewing and distillation, given its maximum operational reliability for any mixing task—ranging from homogenization and suspending to dispersing and gassing. In addition, the demand is projected to remain high among small and medium-sized businesses (SMBs)”, Senior Analyst, FMI

APAC Continues to Reflect Potential Installation Opportunities

Regionally, demand for industrial agitators is expected to remain concentrated in North America given the consolidated presence of manufacturers, the trend is likely to be followed closely in the emerging markets of APEJ. Expanding manufacturing sector combined with a visible shift towards efficient production capacities from conventional utilization capacities, will drive up industrial agitators sales in Asia Pacific, in the coming years.

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Substantial Demand Noted in Pharma Mixing Processes

Although in terms of value, the chemicals industry is projected to exhibit maximum demand for industrial agitators, pharmaceutical industry is also likely to witness significant industrial agitators demand for keeping the medicine-making clean and sanitary. The industrial agitators used in pharmaceutical industrial are specifically equipped with efficient mixing and dispersing technology while offering uniform distribution of substances and product stability. Moreover, advanced mixing solution offered by industrial agitators during biotechnological production, active pharmaceutical ingredient synthesis production, and hydrogenation of intermediates will supplement to higher sales demand of industrial agitators.

The food and beverages industry is also expected to showcase notable demand for industrial agitators given the stringency in regulations centered around sanitary food-grade mixing applications for ensuring quality of food products. For the manufacturers, such diverse application landscape is likely to bring along product differentiation and customization opportunities, suited to specific industry.

Top-entry Industrial Agitators Gets the Top Spot

Accounting for approximately 70 percent market share, top-entry industrial agitators will dominate the overall adoption landscape, specifically in the chemicals industry. Advantages such as fast mixing, high energy efficiency, zero in-tank maintenance, and adjustable speed and power will make top-entry industrial agitators the most cost-effective mixers. Manufacturers are increasingly offering customized top-entry industrial tank agitator solutions to meet the unique liquid characteristics for mixing processes in various tanks including, plastic tank, FRP tank, and those made of stainless steel.

On the other hand, side entry industrial agitators will also gain prominence, arising from the shortcomings of top-entry industrial agitators such as need for a large support structure and a higher initial capital cost. Side entry industrial agitators tend to yield homogeneity with lesser capital during acceptable blend durations apart from effectively blending low viscosity liquids.

The global market for industrial agitators showcases a relatively fragmented landscape, specifically in terms of raw material supply scenario.The global industrial agitators market may remain affected arising from fragmented supply base with varying degree of supplier capabilities, intricate pricing and discounting structure, and low profit margins.

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Key Segments of Industrial Agitators Industry Survey

Industrial Agitators Market by Type:

  • Top Entry Industrial Agitators
  • Side Entry Industrial Agitators
  • Bottom Entry Industrial Agitators

Industrial Agitators Market by Model:

  • Large Tank Agitators
  • Drum Agitators
  • Portable Agitators
  • Tote Agitators

Industrial Agitators Market by End User:

  • Industrial Agitators for Chemicals
  • Industrial Agitators for Pharmaceuticals
  • Industrial Agitators for Food and Beverages
  • Industrial Agitators for Paper and Pulp
  • Industrial Agitators for Waste and Wastewater Treatment
  • Industrial Agitators for Oil, Gas and Petrochemicals

Industrial Agitators Market by Region:

  • North America Industrial Agitators Market
  • Latin America Industrial Agitators Market
  • Europe Industrial Agitators Market
  • East Asia Industrial Agitators Market
  • South Asia & Pacific Industrial Agitators Market
  • Middle East & Africa (MEA) Industrial Agitators Market

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Disaster Recovery-as-a-Service Market Set to Witness an Uptick Size USD 75.22 Billion to 2030 : Future Market Insights, Inc.

The Disaster Recovery-as-a-Service Market is currently valued at USD 75.22 Bn in the year 2030, likely to surge at a vigorous 24.8% CAGR during the examination period 2022 – 2030.

With the rising cases of cyber-crime in recent years, the demand for the disaster recovery-as-a-service (DRaaS) market is surging exponentially. Steered by the rapid penetration of the internet and increasing digitization, a staggering volume of data is generated on a daily basis. This also has led to surging threats, especially the risk of cyber-attacks.

The disaster recovery-as-a-service market is gaining traction due to its flexibility and cost-effectiveness. Deployed over the cloud, DRaaS can store and compute data instantly and hence it is used widely to speed up various enterprises’ functionalities.

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Despite facing a few constraints due to the COVID-19 pandemics, such as closed manufacturing units, travel constraints, nonoperational working units, and others, the market is expected to keep growing over the forecast period.

Due to having several advantages over conventional services, such as no space constraints, fast recovery time, and others, the DRaaS market demand is projected to escalate further in the coming years.

As the global market competition is expected to increase further, the key market players such as Amazon Web Services, Axcient, Citrix, IBM, Microsoft, Sunguard, and others are approaching strategic ways to excel.

Some of the key takeaways from the report are highlighted below-

  • The extensive flexibility of the DRaaS market, is catering to the market growth
  • As DRaaS market is capable of providing cost-effective solutions, it is gaining rapid popularity across the world
  • Advancement of digitization is projected to further market growth during the upcoming years
  • Managed service provider segment among service providers is expected to forecast growth at a higher rate among forecast period. Managed service providers offer DRaaS solutions that are designed to duce the burden of data protection and data security among organizations
  • Public cloud segment is expected to dominate in terms of deployment. By the end of 2020, it is expected to account for over 49% of the global market

COVID-19 Impact Analysis on Disaster Recovery as-a-Service Market

With COVID-19 tightening its noose around the world, organizations are compelled to incorporate work from home policies to ensure safety of their employees. To ensure hassle free operations even while employees work remotely, these organizations are offering various cloud-based solutions and VPN to enable easy access to information.

Business continuity and disaster recovery plans are tested by challenges such as travel restrictions, and remote working. According to survey by Mercer Business only 17% of organizations had a business continuity plan and are ready for impact of COVID-19 and 51% had no business continuity plan. Consequently, the adoption of DRaaS solutions is likely to surge by 27% to 29% between 2019 and 2020.

Who is Winning

As the global DRaaS market growth is accelerating rapidly, the key market players such as Amazon Web Services, Axcient, Citrix, IBM, Microsoft, NTT Communication, and others are adopting various strategies and increasing their investment towards technological advancements to gain competitive edge.

For instance, Sunguard has launched their advanced disaster recovery (DR) program which provides complete business resilience across cloud and physician IT. They have also brought their self-service along with application recovery, fully operational computing systems, and network capability.

IBM has launched their Resiliency DRaaS in order to enable rapid and reliable recovery of business-critical applications, and data within minutes on an outage. In the Forrester Wave™ report Q2 2019, IBM named leader in DRaaS.

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More Valuable Insights on Disaster Recovery as-a-service Market

In the latest report by Future Market Insights, we offer a thorough, unbiased analysis of the global disaster recovery as-a-service market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030.

Disaster Recovery-as-a-Service Industry Survey

Disaster Recovery-as-a-Service Market by Service Type:

  • Recovery & Backup Services
  • Data Protection Services
  • Real-time Replication Services
  • Professional Services
  • Managed Services

Disaster Recovery-as-a-Service Market by Service Provider:

  • Cloud Service Providers
  • Telecommunication Service Providers
  • Managed Service Providers

Disaster Recovery-as-a-Service Market by Deployment:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Disaster Recovery-as-a-Service Market by Enterprise Size:

  • Small- and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Disaster Recovery-as-a-Service Market by Industry:

  • BFSI
  • IT & Telecommunication
  • Retail & Consumer Goods
  • Government
  • Healthcare
  • Media & Entertainment

Disaster Recovery-as-a-Service Market by Region:

  • North America Disaster Recovery-as-a-Service Market
  • Latin America Disaster Recovery-as-a-Service Market
  • Europe Disaster Recovery-as-a-Service Market
  • East Asia Disaster Recovery-as-a-Service Market
  • South Asia & Pacific Disaster Recovery-as-a-Service Market
  • Middle East & Africa (MEA) Disaster Recovery-as-a-Service Market

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Encoder Market to Receive Overwhelming Hike USD 3.95 Billion in Revenues by 2030 – Future Market Insights, Inc.

The Encoder Market is expected to witness moderate growth, registering a 7.7% CAGR during the forecast period (2022 – 2030). The Market is projected to reach US$ 2.17 Bn in 2022 and US$ 3.95 Bn by 2030.

Key Takeaways of Encoder Market Study

  • The optical sensing encoders segment is expected to witness a notable growth rate, owing to increasing demand for enhanced resolution and accuracy for optical technologies
  • South Asia & Pacific is expected to create lucrative growth opportunities for players in the encoder market, attributed to the rapid growth of the automobile and manufacturing industry in the region
  • The market concentration in the global market is consolidated, over half of the market share is expected to hold by the top 10-12 manufacturers
  • Key players in the market are focusing on acquisitions to complement their product portfolio to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end-users to improve direct customer relations

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Encoder Market Landscape

The global encoder market is highly competitive due to presence of a large number of medium- and large-sized encoder manufacturers and service providers.

Tier-I participants in the encoder market are estimated to hold around 45%-55% of the market share. Product development and innovation is the key strategy of encoder manufacturers in the encoder market to increase their market presence and enhance end user experience.

For instance, June 2020, FRABA B.V. introduced an inexpensive and flexible alternative for safety-critical motion control systems. It provides various application for new safety-ready encoders range from heavy construction equipment and mobile machines.

This report provides valuable insights at the company level, focusing on product innovation in the encoder market, along with business and marketing strategies of emerging market players.

Some market players included in the report are OMRON Corporation, Baumer Electric AG, Schneider Electric, Panasonic Corporation, Renishaw plc, Honeywell International, Inc., Rockwell Automation, Inc., and amongst others.

Impact of COVID-19 Pandemic Outbreak on Encoder Market

The worldwide spread of COVID-19 pandemic in Q1, 2020 has impacted the production of encoder products such as linear encoders, and rotary encoders and has also disrupted the encoder products industry and supply chain during the lockdowns. The majority of the end-use industries manufacturing facilities have been shut down for the preventive measures against the COVID-19 epidemic.

Moreover, in 2020, the production is expected to witness a slowdown, and the majority of manufacturers are expected to maintain the inventory level.

Before COVID-19, the global market for encoder was anticipated to increase at 7.5%-8% market growth in 2019, whereas post-COVID-19 scenario, the market for encoder is projected to declining growth of -1.5% as compared to original forecast 2019.

The COVID-19 crisis is expected to add to an uncertain long term impact on the global market. The global encoder market is expected to witness rebound from the first to the second quarter of 2021.

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Future Outlook for Encoder Market

Encoder products are used in different industries applications such as automotive, consumer electronics, aerospace & defense, healthcare & medical devices, industrial and among others.

Increasing usage of the encoder in industrial applications due to the adoption of upcoming technologies such as automation, robotics, and smart manufacturing is expected to offer lucrative growth opportunities in the encoder market.

A major growth driver of the global encoder market is the increasing number of orders placed for advanced and expanding applications, along with transition of traditional and manual controls to state-of-art automation.

More Valuable Insights on Encoder Market Report

Future Market Insights offers an unbiased analysis of the global encoder market, providing historical data for 2015-2019 and forecast statistics from 2022-2030.

Encoder Industry Survey Segmentation

Encoder Market by Type:

  • Linear Encoders
  • Rotary Encoders

Encoder Market by Position Signal:

  • Absolute Encoders
  • Incremental Encoders

Encoder Market by Sensing Technology:

  • Optical Sensing Encoders
  • Magnetic Sensing Encoders
  • Capacitive Encoders
  • Inductive Encoders

Encoder Market by Application:

  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Healthcare & Medical Devices
  • Industrial
  • Others

Encoder Market by Region:

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

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Mechanical Seals Market – Global Revenue Growth Expectations in the Near Future

Increase in production of shale gas in developing and developed countries is a major factor driving the growth of the market. New oil and gas exploration activities, coupled with extensive investments in refineries and pipelines is escalating the growth of the global mechanical seals market. Moreover, introduction of new technologies is also a major element boosting the overall growth of the global mechanical seals market.

Global Mechanical Seals Market: Restraints

Introduction of alternate methods of sealing leakages like mechanical packaging eats into the revenue share of the mechanical seals market. Furthermore, use of electronic seals in automated manufacturing units can also impede growth during the forecast period 2016-2026.

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Global Mechanical Seals Market: Region-wise Outlook

The highest growth is expected to be witnessed in the Americas due to increase in adoption of mechanical seals to ensure precise and prefect sealing of pipelines. Demand for mechanical seals is anticipated to remain stable in Middle East & Africa.

Asia Pacific excluding Japan (APEJ) is expected to offer growth opportunities to key players during the forecast period.

Global Mechanical Seals Market: Key Players

The major players involved in the manufacturing of mechanical seals are AW Chesterton Company, EagleBurgmann India Private Limited, Flowserve Corporation, Flex-a-seal, John Crane Group, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken AB, Freudenberg Sealing Technologies GmBH and Co. KG., Dana Corporation, Telleborg Industries and others.

About Mechanical Seals

Mechanical seals are those leakage control devices which are deployed on rotating equipment like mixers and pumps to avoid the leakage of liquid and gases from escaping into the environment. Mechanical seals ensure that the medium stays in the system circuit, protecting it from external contaminations reducing environmental emissions.

Mechanical seals also helps in stopping leakage in systems that contain pressure. Before mechanical seals, mechanical packaging was used; however, it wasn’t as effective as seals are.

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Mechanical seals often consume energy since the frictional properties of the seal has a huge impact on the amount of power consumed by the machinery on which it is used. The four major classes of mechanical seals are traditional contact seals, cooled and lubricated seals, dry seals, and gas lubricated seals.

Only a flat and smooth finish on mechanical seals is eligible to prevent leakage to its full efficiency. Mechanical seals are usually made by using carbon and silicon carbide but mostly carbon is used in the manufacturing of mechanical seals because of its self-lubricating properties. The two principle components of a mechanical seal are the stationary arm and the rotatory arm.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved

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

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Global Mechanical Seals Market: Segmentation

The global mechanical seals market can be segmented on the basis of types, end use and geography.
On the basis of types, the global mechanical seals market can be segmented into
  • O-ring seals
  • lip seals
  • rotary seals
On the basis of end use industry, the global mechanical seals market can be segmented into
  • oil and gas industry
  • general industry
  • chemical industry
  • water industry
  • power industry
  • others.
On the basis of region, the global mechanical seals market can be segmented into
  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East and Africa (MEA)

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