Market Research Blog – Page 10694 – New Product Development

Erythritol Market Profitability on Key Findings & Study on List of Raw Material Suppliers with Key Inisghts-2032

The worldwide erythritol market is supposed to be esteemed at US$ 210.3 Million out of 2022. The rising frequency of heftiness and constant illnesses like Diabetes goes about as the essential development drivers of the worldwide market interest. The general interest for erythritol is projected to develop at a CAGR of 7.4% somewhere in the range of 2022 and 2032, adding up to around 429.8 Million by 2032.

Erythritol is a sugar alcohol, also known as a sweetener used in place of sugar in the food and beverage industry, to enhance the taste of food items. It’s an alternative to sugar and widely used in food processing because of the low-calorie content contained. About 10% of the global sugar economy is held by the use of high intensify sweeteners, of which erythritol is an example. Erythritol can be obtained from the fermentation of carbohydrates or through the reduction of sugar with the aid of hydrogen.

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Unlike sucrose, erythritol ensures better digestive tolerance, which gives it an edge over sucrose in the global market. Besides, erythritol does not cause tooth decay; neither does it aggravate weight-related diseases like diabetes and obesity. Its easily digested and produces calorie as low as zero kcal/g. These properties are the growth drivers of the erythritol market.

Erythritol Market Restraint

The erythritol market growth is projected to be hampered by the ease in availability of substitutes. Also, increasing awareness regarding the adverse effect of sweeteners is a strong force expected to restrain the growth of the erythritol market. For instance, health problems such as weight gain, tooth decay, and poor nutrition are possible health-related issues associated with the overconsumption of natural sweeteners. This might pose a threat to the erythritol market.

Erythritol Market Driven by Growing Consumers’ Demand for Healthy Products

The growing population size of health-conscious consumers is increasing as consumers are now watchful of the food products they consume. Reports have shown that the food consumed by humans often determines the quality of their health. Most foods consumed these days have a relationship with life-threatening diseases like diabetes, cardiovascular diseases, obesity, and many more.

For instance, overconsumption of sugar or high-calorie food products causes diabetes or a high sugar level, which is dangerous to consumers’ health. If diabetes is not adequately maintained, it could lead to the death of consumers. Also, the ease with the digestion of erythritol speaks for it globally as consumers, especially adults, find it hard to digest high-calorie food products.

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Moreover, the rising demand for natural and high-quality ingredients in the cosmetics industry is another growth driver that fuels the industry’s growth. Erythritol plays a crucial role in skincare products as it enhances moisture retention. Moreover, erythritol is used to produce anti-aging serums and night creams due to its effective performance against wrinkle formation. These attributes are among the strong forces expected to facilitate the industry’s growth over the forecast period.

Erythritol Market: Region-wise Analysis

Geographically, North America is expected to be the largest market for the global erythritol market due to the rise in demand for natural and low-calorie products in the region. The United States is the main contributor in North America in terms of market revenue and volume. Europe is the second-largest market since there is an increasing demand for natural ingredients from the cosmetic industry. However, the Asia Pacific is slated to be the fastest-growing market owing to the growing population of health-conscious consumers and consumers’ shift towards the consumption of low-calorie food and beverage products. The global erythritol market is projected to register a CAGR of over 6.5% over the forecast period in the Asia Pacific region.

Erythritol Market: Competitive Landscape

Foodchem International Corporation
Cargill Inc.
Incorporated
JUNGBUNZLAUER SUISSE AG
Shandong Sanyuan Biotechnology Co., Ltd

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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 Erythritol Market Segment Analysis

The global erythritol market can be segmented on the following basis:

By Form

Powder
Granular

By Application

Beverage
Pharmaceuticals
Cosmetics
Bakery and Confectionery
Dairy
Others

About FMI

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

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Dried Spices Market Report Including Analysis and Key Findings, Study on Value Chain & Profit Margin Analysis till 2032

The dried spices market has arrived at a CAGR of 4.6% during the conjecture time frame. The market is projected at US$ 5,763.5 million of every 2022, and is probably going to be esteemed at US$ 9,036.5 million by 2032.

Dried spices are responsible for developing the aroma and taste related to the cuisine and convenience food products. Therefore, they are an integral part of any food products. A wide range of dried spices includes pepper, paprika, allspice, capsicum, cardamom, cloves, coriander, turmeric, cumin, caraway, nutmeg, ginger, cinnamon, mace, juniper berries, fennel seeds, saffron, fenugreek, anise seeds, etc. The global dried spices market is expected to grow at a significant growth rate, attributed to growing food and beverages industry across the globe.

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Dried Spices Market: Growth Dynamics

Dried spices are prominence utilized in different food and refreshments. Aside from this, these spices are progressively utilized in the assembling of conspiracy items including snacks, sauces, soups, canned items, and others. Consequently, developing interest for this multitude of items is affecting emphatically on the development of the worldwide dried spices market.

Dried spices are building up forward movement of different organizations working in the drug business. One of the critical purposes behind this situation is assorted restorative upsides of dried spices. Subsequently, merchants from the worldwide dried spices market are acquiring awesome interest valuable open doors from drug industry. Aside from this, developing pattern of foods and rising ubiquity of prepared to-utilize spices combinations are invigorating the development of the worldwide dried spices market.

Growing cuisine trend and high popularity for ready-to-use spice mixtures such as oregano are expected to bolster the dried spices market in developed as well as developing economy. Macroeconomic factors affecting the global dried spices market include increasing population, globalization, climatic condition, etc.

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Global Dried Spices Market: Regional Overview

Overall, the outlook for the global dried spices market is positive over the forecast period, attributed to varying medicinal benefits of spices, demographics & globalization, increasing trend of diverse cultural cuisine, increasing consumption of processed foods.

On the basis of geography, the global dried spices market is fragmented into seven regions namely, North America, Western Europe, Asia Pacific excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Among the regions, combining both Western Europe and Eastern Europe dominates the global dried spices market in terms of revenue contribution owing to the relatively high demand for dried spices from the food & beverages and pharmaceutical industries.

Europe rank at the second position in terms of volume in global dried spices market. Europe is followed by Asia Pacific in the global dried spices market in terms of value whereas, rank at a top position in terms of volume in the market over the forecast period owing to developed standard of living which enable consumers to spend more on food products and increasing population in developing countries including India and China.

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Global Dried Spices Market: Key Players

Some of the players identified in the global dried spices market include DS Group, The Kraft Heinz Company, Ajinomoto Co. Inc., Knorr Foods Co., Ltd., Nestle S.A., McCormick & Company, Bart Ingredients Company Ltd., Baria Pepper, MDH Pvt. Ltd., and Everest Spices company.

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, type of product and applications.

Global Dried Spices Market: Segmentation

The global dried spices market is segmented on the basis of product type, distribution channel, end-use, and region. On the basis of product type, mixed and individual spices segment is expected to dominate the global dried spices market over the forecast period, owing to relatively high demand for the segment among all other segments in household as well as commercial and industrial segment.

Online channel segment is expected to expand at a significant growth rate over the forecast period on the basis of distribution channel for household and food service application. Among the end-use segments, industrial segment is expected to account for around half of the overall dried spices market.

The retail segment is followed by industrial segment and is expected to expand at a significant growth rate over the forecast period in global dried spices market. Catering segment is expected to account for relatively low revenue share of 10-20% in the global dried spices market.

Based on the product type, the global dried spices market is segmented into:

Mixed and Individual Spices
Pepper
Paprika
Allspice (Pimento)
Capsicum
Cardamom
Cloves
Coriander
Turmeric
Cumin
Caraway
Nutmeg
Ginger
Cinnamon

Others (Mace, Juniper Berries, Fennel Seeds, Saffron, Fenugreek, Anise seeds, etc.)

Dried Herbs
Oregano
Thyme
Parsley
Marjoram
Bay Leaves
Mint
Savoury
Others (Rosemary, Basil, Dill, Tarragon, Sage, etc.)
Salt & Salt Substitutes
Others

Based on the distribution channel, the global dried spices market is segmented into:

Hypermarket/ Supermarket
Grocery Stores
Online Channel
Others

Based on the end-use, the global dried spices market is segmented into:

Retail
Industrial
Catering

Based on the source, the global dried spices market is segmented into:

Natural
Organic

Based on the product form, the global dried spices market is segmented into:

Powder
Whole Dried Spice

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Corn Silage Market In-depth Report Key Findings, Strategy Overview with Opportunity Map Analysis-2032

Corn Silage is a common ingredient in the diet of dairy and beef cattle. Corn Silage is a carrier of nutrients required by the cattle. It is being used extensively among ruminants because of its high energy content and easy digestibility. Corn Silage that is harvested late and that has brown and dead leaves makes a good quality of silage. Besides this, the corn crop that is damaged due to drought or high temperatures can also be used for silage.

India, which is the largest producer and consumer of milk, producing 186 million tons of milk and consuming 77.7 million tons, is also one of the largest exporters of milk. For such countries, a large portion of the economy relies on milk production, consumption, and export, and therefore is very essential to keep the quality and nutrient value of the product intact.

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Corn Silage helps the milking cattle to gain those nutrient content. Listed factors are expected to boost the corn silage market growth over the forecast period.

Increasing Demand for Corn Silage due to Associated Health Beneficial Factors

Countries like India, European Union, and the United States are the largest producers of milk and therefore has a large number of cattle to feed. To produce high nutrient content milk, the cattle need high content feed and forage. It is very important for these economies and manufacturers to maintain the good quality and nutrient content of milk in the highly competitive market.

As awareness of nutrient content of ingredients is increasing among consumers, producers are also very attentive and are careful of the feed of their cattle. And, for maintaining the nutritious value of the milk demand of Corn Silage is increasing.

Corn Silage once prepared can be stored with the shelf life of around two years with more nutrition value than other fodder. Many countries are facing severe drought conditions due to climate change and hence there uneven production of fodder for cattle around the world.

Owing to the benefits and better choice for reducing the gap between demand and supply and enhancing the economy Ministry of Agriculture and Farmers Welfare, Government of India in the 5th edition of India Maize Summit, 2018 announced PPP (Public-Private Partnership) opportunities for establishing maize-based silage units. This step has opened many investment opportunities in the corn silage market, indicating the need and demand of Corn Silage in the global market.

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Key Players of Corn Silage

United Agro Feeds
BF Global Trading Pty Ltd
Krishna Multicomm Private Limited
Lakkavaram Silage Fodder Pvt. Ltd.
Qadir Exports
Explore Enterprise,
Ambica Enterprise
Bac Quang Trading Investment JSO
Gralimex Import Export Joint Stock Company
Palaya Eco Natural Farm Corporation
Pt. Arkananta Lestari Energina
AMT InternationalHang Xanh International Co. Ltd.
Nong Trai Xanh

Innovations and Development in Global Corn Silage Market

As of now, there is no major supplier for Corn Silage as corn farmers directly sell it to cow-keeper as feed. This can also cause inconsistent feed with uneven distribution of nutrients. Manufacturers have identified this as an opportunity to supply Corn Silage as a feed for milking and beef cows to provide them with essential nutrients.

Manufacturers are aiming at producing high-quality silage which is fermented, high moisture content. This helps in reducing the volume of feed hence lessening the cost to store feed and restore all the essential nutrients required by cattle and sheep.

Manufacturers are acquiring state-of-the-art technology for 100% computerization and procedure control mechanism for keeping up the consistent quality and nutrition value throughout all the batches of silage. These technologies are partnered up with government institutions for striving up the dairy market and countries economy.

The Report Covers Exhaustive Analysis on

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

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Corn Silage: Market Segmentation

Based on End Use:

Milking Cattle
Beef Cattle

Based on Type:

Brown Mid-Rib
Conventional Field Corn
Leafy

Based on Nutrients:

Net energy for lactation (NEL)
Rumen degradable protein (RDP)
Rumen undegradable protein (RUP)
Effective neutral detergent fiber (eNDF)

About FMI

Duckweed Market Exhaustive Analysis on Various Key Findings & In-depth Study on Previous Insights with Top Key Players-2032

Global Duckweed Market Size reached a valuation of USD 68.7 million in 2022. Expansion of nutritional value and wide range of applications are expected to be the main growth drivers of the market. Total Sales of Duckweed are expected to increase at a strong CAGR of from 10 .6%between 2022 and 2032 with a total of US$ 188.2 million by the end of 2032.

Duckweed is a species of plant with small round leaves floating on the surface of the water. It has a high growth in nutrient-rich water and is commonly present in garden ponds.

Since duckweed is a plant based platform and it does not support the growth of bacteria, viruses or prions, so it provides a high degree of safety from product contamination relative to the animal based platform. Duckweed is also edible by humans and other animal species such as chickens and pigs.

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Duckweed Market Drivers and Trends:

One of the biggest driver for Duckweed market is its use in animal feed industry, aquaculture, as well as emerging food product for humans. It is a high protein food with protein percentage ranges from 25%-45%, which is considered better than that from Soybean meal with 36% protein content. Under suitable conditions it grows more than double in 36 hours making it ideal for quick reproduction to cater to potential demand.

Duckweed grows on the surface of water covering the entire area which prevents sunlight and oxygen supply on one hand, and simultaneously saves excess water from evaporation. Duckweed also acts as a cost effective renewable energy since it’s a bio fuel and so is very useful for industries. Some of the key properties include food product, animal and aquatic feed, waste water treatment, fertilizers, medicinal properties, mosquito repellent, removal of heavy metals from water among others. Duckweed tends to become an alternative to industrial corns and other similar food items, as it is used as a food for ruminants.

Duckweed Market Segmentation:

The duckweed market is segmented on the basis of form, end use, application, and product type.

On the basis of form, the duckweed market is segmented into powder, oil, and paste. On the basis of end use, the duckweed market is segmented into the household, HoReCa, Food and beverages, Aquaculture industry, the pharmaceutical industry, and other industries.

On the basis of application, the duckweed market is segmented into food, animal and aquatic feed, dietary/health supplement, biofertilizer, biofuel, water treatment, etc. On the basis of product type, the duckweed market is segmented into little duckweed (Lemna minor), Thick duckweed (Lemna Gibbs), Cross duckweed (Lemna Priscila) and Great duckweed (Lemna polyuria). Each of these types possesses different biological features which further decide the usage of the type.

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Duckweed Market Regional Outlook:

The regional segment for the market of duckweed is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. Duckweed is native to most of the regions of Africa, Asia, North America and Europe, and so its usage in these regions is on the peak. There is heavy usage of duckweed in Asia Pacific, it has been mainly used for animal feeding and human consumption.

In developed regions, duckweed is utilized for wastewater treatment, as it is a cheaper technique than traditional. Countries such as the US are pursuing their scientific researches to determine if duckweed can be used as a source of economic, clean renewable energy and thus trying to lift duckweed market.

Duckweed Market Key Players:

Some of the key player in the Duckweed market includes Parabel, Green Orchid Nursery & Garden Center, Australlian Aquatic Solutions, etc.

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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The report covers exhaust analysis on:

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

Regional analysis includes:

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

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

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance

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Traditional Toys and Games Market size is projected to grow at 4% CAGR during forecast period by 2032

The global traditional toys and games market are slated to reach US$ 90 Bn in 2021, expanding at a 4% CAGR over the forecast period 2021-2031.

The demand for traditional toys and games gained traction as countries imposed lockdown to contain the COVID-19 outbreak. While supply-chain disruptions continued posing threat, some of the top traditional toys and games brands shifted their focus to online sales channels. Against this backdrop, FMI has forecast the traditional toys and games market to grow by 2% year-over-year between 2020 and 2021.

Surging demand for educational toys and games for toddlers is expected to augment growth of the traditional toys and games market. Educational toys are ideal for toddlers as they can help in stimulating the cognitive ability of children and improve their decision-making process.

Rising awareness regarding the significance of educational toys in children’s school curriculum will continue providing tailwinds to sales of traditional toys and games over the forecast period.

In addition to this, growing trend of collecting action figures, toys, figurines, puzzles, and theme-based construction game sets among millennials is expected to augment growth of the market. To capitalize on this trend, manufacturers are investing in licensing and branding with premium franchises to launch such collectibles.

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Key Takeaways:

Sales of construction games are expected to continue gaining traction over the assessment period.
Based on material, plastic traditional toys and games will continue dominating the market.
Demand for traditional toys and games for children under the 3-4 years age group is expected to gain momentum.
In terms of sales channels, online retail is expected to account for a dominant share of the global traditional toys and games market.
The U.S. is anticipated to dominate the North America toys and games market due to growing demand for licensed toys and games among millennials.
The U.K. will continue exhibiting high demand for traditional toys and games owing to growing popularity of technology-enabled toys.
China will emerge as a lucrative traditional toys and games market due to the expansion of ecommerce and wide availability of products in the country.
Japan and South Korea are expected to account for 35% and 21% of the total traditional toys and games market share over the forecast period.

Competitive Landscape

Dream International Limited, Hasbro, Inc., Jakks Pacific Inc., Mattel, Inc., Lego A/S, BANDAI NAMCO Holdings Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Tomy Co., Ltd., Playmates Toys Limited, Games Workshop Group PLC, Kids Ii Inc., Madame Alexander Doll Company LLC, Mega Brands Inc., Melissa & Doug Inc., Funskool (India) Limited, Funko LLC, K’NEX Brands, L.P., Ravensburger AG, and MGA Entertainment, Inc. are among the leading players operating in the global traditional toys and games market.

As per FMI, top 5 players operating in the traditional toys and games market are anticipated to hold 10-15% of the total market share in 2021.

Leading players operating in the traditional toys and games market are aiming at product portfolio expansion by launching innovative products in the market. Apart from this, players are investing in licensing and branding of toys and games to gain a competitive edge in the market. For instance:

In July 2021, LeapFrog Enterprises Inc., a global leader in innovative educational toys, launched its new collection of learning toys that feature curriculum-based content and important foundational skills.
In October 2021, Spin Master Corp., launched the first collection as the global toy licensee for Riot Games’ ‘League of Legends’, the most-played PC game in the world.

More Insights into the Traditional Toys and Games Market Report

FMI, in its new offering, provides an unbiased analysis of the traditional toys and games market presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the demand for traditional toys and games based on product type (games/puzzles, infants/toddlers/preschool toys, plush, outdoor & sports toys, model vehicles, dolls, construction sets, arts and crafts, remote control toys, educational toys, dress up and role play and ride on vehicles), material (plastic, textile, metal, and wood), and age group (0-18 months, 19-36 months, 3-4 years, 5-8 years, 8-10 years, and 11-14 years) and sales channel (hyper/supermarket, online, franchised outlets, departmental stores, and others (discounters, variety stores) across seven regions.

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Traditional Toys and Games Market by Category

By Product Type:

Games/Puzzles
Infants/Toddlers/Preschool Toys
Plush
Outdoor & Sports Toys
Model Vehicles
Dolls
Construction sets
Art and Crafts
Remote control toys
Educational toys
Dress up and role play
Ride on vehicles

By Material:

Plastic
Textile
Metal
Wood

By Age Group:

0-18 months
19-36 months
3-4 years
5-8 years
8-10 years
11-14 years

By Sales Channel:

Hyper/Super market
Online
Franchised Outlets
Departmental Stores
Others (Discounters, variety stores)

Region:

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

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Composite IBCs System Market Are Pushing Forward to Meet the Needs of the Global IBC Sector

The Composite IBCs System Market is projected to reach a valuation of US$ 12,082.2 Million in 2032 & likely to surge vigorous 4.7% CAGR during 2022 – 2032

Growing need for a non-erroneous means of cross border transportation has led to the demand for composite IBC. Not only this, containerization has also led to significantly low costs for the shipping industry. Composite IBCs are lightweight as well as space saving containers due to which they are highly preferred by the end use customers.

Composite IBCs ensure non spillage of the packaged product and ensure safe transit as compared to their traditional counterparts. Budding cross trade activities across the globe has also led to increasing demand for composite IBCs. The global composite IBC market is expected to expand at a healthy CAGR attributed to high demand from the industrial chemicals end use segment.

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Global Composite IBCs Market: Dynamics

Large petroleum oil production and exports propels the need for bulk container packaging. Shipping costs have significantly reduced for the end users, as the number of labour personnel required for the loading and unloading process has also significantly reduced due to composite IBCs.

Composite IBCs are non-corrosive in nature which makes them ideal for the transportation of almost all types of products, thus catering to a large base of end users which further spurs the demand of the global composite IBC market. Growing preference for the flexible intermediate bulk container is a major factor restraining the growth of the global composite IBC market.

Moreover, escalation in the raw material prices has led to significantly high cost of composite IBCs, thus hampering the market growth. Use of composite IBCs for dry bulk shipping is likely to create new opportunities of growth for the global composite IBC market. Use of bio based raw materials for the production of composite IBC is a key trend prevailing in the global composite IBC market.

Global Composite IBCs Market: Segmentation

The global composite IBC market is segmented on the basis of material type, end use, technology, capacity, and region. On the basis of material type, the global composite IBC market is segmented into plastics, aluminium, carbon steel, and galvanized iron. Plastic accounts for a major market share in the global composite IBC market.

On the basis of end use, the global composite IBC market is segmented into Industrial chemicals, paints, inks & dyes, food & beverages, building & construction, and pharmaceuticals. Industrial chemicals is the major end user of composite IBC for the safe transportation of hazardous chemicals. On the basis of technology, the global composite IBC market is segmented into aseptic and non-aseptic technology.

On the basis of capacity, the global composite IBC market is segmented into 180-250 gallons, 250-300 gallons, 300-350 gallons, and above 350 gallons.

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Global Composite IBCs Market: Regional Outlook

On the basis of geography, the global Composite IBC market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is currently leading the global composite IBC market due to high exports and imports in the region. Asia Pacific is expected to gain rapid traction during the forecast period due to rapid industrialization and rising cross border activities in the region.

The European composite IBC market is expected to witness moderate growth during the forecast period due to hampered cross border trade in certain regions attributed to strict government regulations. Middle East & Africa composite IBC market is expected to grow due to burgeoning demand from the building & construction end use industry. Latin America composite IBC market is anticipated to witness sluggish growth during the forecast period.

Global Composite IBCs Market

Key Players

Some of the key players operating in the global composite IBC market are Greif Inc., Snyder Industries, Inc., Hoover Ferguson Group, Inc., Time Technoplast Ltd., Mauser Group B.V., Composite Containers, LLC, and Pacific Container Systems.

The report covers exhaustive analysis on

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

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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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Europe & Asia Pacific Herbal Beauty Products Market is Expected to Reach at US$ 2,571.2 Mn by 2026

Future Market Insights (FMI) delivers key insights on the Europe & Asia Pacific herbal beauty products market in its upcoming outlook titled, “Europe & Asia Pacific Herbal Beauty Products Market: Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of value, it is expected that the Europe & Asia Pacific herbal beauty products market will register a CAGR of 3.7% during the forecast period due to various factors, on which FMI offers vital insights in detail.

Consumer preference for clean label beauty care products is shifting significantly due to increasing awareness regarding the benefits of herbal and natural ingredients. Consumers are increasingly opting for greener products owing to presence of toxic ingredients in synthetic cosmetic products, which are known to cause various adverse effects. Moreover, consumers are currently more informed regarding the benefits of using herbal products through promotions, advertisements and activities on various social media platforms.

Herbal skin care products improve skin texture, tone and appearance owing to presence of nutrients required to enrich overall skin health. Increasing consumer demand for eco-friendly personal care products has prompted companies to enter into the herbal and natural personal care products market and develop new and advanced products. Manufacturers are continuously launching herbal personal care products with remedial properties and long-term benefits, which is resulting in addressing existing consumer requirements and aiding in expanding customer base.

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Segmentation analysis

On the basis of end-use, the Europe & Asia Pacific herbal beauty products market is segmented into male and female. Female segment is estimated to account for the largest share by 2016 end. Male segment is expected to account for substantial growth over the forecast period. Increasing inclination of male consumers towards personal grooming and outward appearance among is expected to support growth of the male segment over the forecast period.

Europe & Asia Pacific herbal beauty products market is also segmented on the basis of distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, online/direct selling, and beauty salons. Among all these segments, supermarket segment is expected to account for relatively higher value share during the forecast period. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.

As far as the types of herbal beauty products are concerned, Europe & Asia Pacific herbal beauty products market is segmented into skin care, hair care, oral care, and fragrance. Among all these segments, skin care type segment has been estimated to represent 45.7% value share in 2016 and expected to remain dominant over the forecast period.
Increasing acne issues owing to increasing humidity and pollution levels is expected to drive growth of the skin care type segment in the market during the forecast period. Skin care segment is sub-segmented into cream & lotion, cleanser & toner, facewash & scrub and others. Among these sub-segments, cream and lotion is expected to account for major value share over the forecast period.

Hair care segment is expected to occupy second largest position on the pie in terms of revenue contribution. The Hair care segment is sub-segmented into powder, hair oil, conditioner, shampoo, and others. The Oral care segment is likely to represent substantial growth over the forecast period. The segment is projected to represent 3.1% CAGR in terms of value growth by 2026 end.

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Regional analysis

This report discusses trends driving growth of each segment and offers analysis and insights of the potential of the Europe & Asia Pacific herbal beauty products market in specific region including Asia Pacific (APAC) and Europe. Markets in APAC are expected to record high growth rates in terms of value between 2016 and 2026. Japan has been estimated to be the largest consumer of herbal beauty products followed by China in 2015 across the APAC region.

Vendor insights

This report covers detailed profiles of key players in Europe & Asia Pacific herbal beauty products market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are Bio Veda Action Research Co., VLCC Personal Care Ltd., Surya Brasil, Dabur India Ltd., Himalaya Global Holdings Ltd., Lotus Herbals, Hemas Holdings Plc, Sheahnaz Herbals Inc., and Herballife International of America Inc.

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Halal Cosmetics Market Size is Estimated to be Valued at US$ 38,217 Mn in 2022

Countries such as the UAE, Indonesia, Kingdom of Saudi Arabia, Turkey, India and Malaysia are considered dominant markets for halal cosmetics. Future Market Insights (FMI) in a new study has predicted the demand for halal cosmetics to rise considerably in the coming years. It is expected to reach US$ 474.7 Mn by the end of 2021. As a continuing trend, halal cosmetics manufacturers are investing in the segment towards the expansion existing product portfolio and regional footprint.

Muslim population has emerged as a prominent consumer base, characterised by untapped product segments of cosmetics and rising per capita spending. This has prompted consumer and personal care product manufacturers to capitalize on the emerging latent opportunity. Companies are optimistic with regards to purchasing power of members of this population. It is more than likely that over the span of the next four to five years, they will be focusing on developing innovative products and designing market level strategies capitalize on existing opportuniti8es.

Increasingly, awareness of the use of porcine-based ingredients in cosmetics is causing a shift towards Halal-certified products, also among the non-Muslim population. Additionally, the use of swine placenta in cosmetics, including wrinkle creams and facemask, is a factor of grave concern among certain section of consumers.

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This change in consumer buying preference has encouraged the players in the market to stimulate innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period.

FMI in its latest study has forecasted the market to rise at a CAGR of 11.6% between 2021 and 2031. In terms of product type, the skincare segment will account for a notable share. An increasing number of consumers are gaining awareness regarding the use of impure ingredients in the cosmetic industry. Since skin care is a huge part of daily routine, consumers, men and women alike, are shifting towards halal skin care products

Key Takeaways from the Halal Cosmetics Market Study

Global halal cosmetics market is forecast to exhibit strong growth through forecast period. The market has been projected to register above 10% Y-o-Y growth in 2021
The U.S. will lead the market in North America, accounting for above 82% of the share in 2021
The U.K. will remain a strong market in Europe, exhibiting over 16% Y-o-Y growth in 2021
Germany and France will emerge as lucrative markets for halal cosmetic sales in Europe
Demand from Japan and South Korea will increase considerably over the forecast period

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COVID-19 Pandemic Causing Significant Disruptions

The current pandemic outbreak has posed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the specular shift from discretionary spending to essential goods has further negatively impacted the market growth. Another major change in consumer buying behaviour is witnessed in the form of a shift from store based retailing to online retailing facilitating a wider market reach. The budding companies in the industry have faced major logistical issues restraining the profit generation. However the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities for established as well as the newly mushrooming companies.

Who is winning?

A few of the key players in the halal cosmetics market are Iba Cosmetics, Martha Tilaar Group, Clara International, Kao Corporation, Andalou Naturals, Ivy Beauty Corporation Sdn Bhd, Nature’s Dream, Prolab Cosmetics, Inglot Cosmetics, One Pure, and Talent Cosmetics, among others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage over other players operating in the market. Innovative product portfolio establishment and expansion of portfolio is the most adopted strategy by the leading players.

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Halal Cosmetics Market Key Segments

By Product Type

Skin Care
- Creams & Lotions
- Face Cleanser
- Others
Hair Care
- Shampoo
- Conditioner
- Hair Oil
- Others
Makeup
- Facial Products
- Eye Products
- Lip Products
- Nail Products
Body Care
- Soaps
- Shower Gels
- Lotions
- Others
Fragrance

By End User

Men
Women
Unisex

By Sales Channel

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Multi-brand Stores
Online Retailing
Other Sales Channel

By Region

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

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Modular Robotics Market Report Perspective with Study of Leading Players 2032

Modular robots are referred to as re-configurable robots, as they are capable of changing their configuration according to the environmental conditions. Modular robotic systems are composed of many independent, autonomous, and programmable modules that are physically connected to each other. During the forecast period, the modular robots market is expected to grow at a robust CAGR of 18%. The modular robots industry is expected to be worth $9.11 billion in 2022 and reach $47.68 billion by 2032.

The modularity in the robotic system grants flexibility to a single robot and allows it to perform multiple tasks. The modular robotic system is equipped with a modular gripper that is capable of grasping a fragile object using distributed sensing actuation.
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With the several functional advantages such as morphologically adaptive nature, potentially robust, and self-repair, modular robotics systems are gaining traction in the market. Owing to the increasing demand for modular robotics in the electronics and automotive industry, various manufacturers are focusing on developing a specific product that has high efficiency in these industries.

The modular robotics manufacturers are engaged in research & development activities for improving the structure and design of the modular robotics systems. Modular robotics are mainly used in critical applications such as space exploration, accessing dangerous area, search & rescue, accessing tight spaces, an inspection of tubes & bridges.

Modular Robotics Market: Dynamics

An increase in productivity, a decrease in rejection rate and scalability of operations are key benefits that propel the adoption of modular robotics in various industries including the automotive industry, chemical industry across the globe. Modular robots are flexible, versatile, and easily configurable. This factor is resulting in prominent demand generation for modular robotics over the few years. Lattice-based modules are widely used in end-use industries than that of chain-based modules, as they are capable of connecting more than two modules simultaneously.

Modular robots are expected to create significant opportunities in the electronics industry with the ability to improve the efficiency of the fabrication process and integrity of the production process. The cost of skilled labor is increasing at a significant rate even in low-cost carrier countries such as China and India. Owing to the increasing labor costs, the payback for modular robotics and industrial automation is gaining more traction in the market.

The cost of appropriate solution development for specific use is substantially high in modular robotics, which makes it difficult from adhering to budget constraints for most of the small & mid-size organizations. Also, factors such as high maintenance costs, lack of awareness will stagnant the growth of the global modular robotics market.

Modular Robotics: Regional Market Outlook

In the Asia Pacific, increasing the adoption of robots in the electronics and automotive industries is estimated to create lucrative growth opportunities in the modular robotics market. In the Asia Pacific, East Asia is stipulated to be an attractive region for the modular robotics market owing to the increasing factory automation rate. China is expected to show lucrative growth opportunities in the market due to heavy investment in industrial automation. North America is expected to show a significant share in the modular robotics market due to the high adoption rate of autonomous and advanced robots across the region. Regions including Middle East Africa and Latin America are predicted to have healthy growth in the global modular robotics market.

Modular Robotics: Market Key Players

Examples of some of the market participants identified in the global modular robotics market are:

ABB Ltd.
FANUC Corporation
Mitsubishi Electric Corporation
Yaskawa Robotics
Kawasaki Heavy Industries, Ltd.
Aurotek Corporation
Universal Robots
DENSO
A.C.M.I. spa
CMA Robotics Spa
Rethink Robotics GmbH

The Modular Robotics research report presents a comprehensive assessment of the Modular Robotics 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 Modular Robotics research report provides analysis and information according to market segments, such as geographies, application, and industry.

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The Modular Robotics report covers exhaustive analysis on:

Modular Robotics Market Segments
Modular Robotics Market Dynamics
Modular Robotics Market Size
Modular Robotics Supply & Demand
Current Trends/Issues/Challenges in the Modular Robotics market
Competition & Companies involved in the Modular Robotics market
Modular Robotics Technology
Value Chain of the Modular Robotics market

Modular Robotics 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 global 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 Modular Robotics 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.

Modular Robotics: Market Segmentation

On the basis of product type, the global modular robotics market can be segmented into the following,

SCARA Modular Robots
Articulated Modular Robots
Cartesian Modular Robots
Parallel Modular Robots

On the basis of hardware design, the global modular robotics market can be segmented into the following,

Chain-based
Lattice-based
Strut-based

On the basis of configuration, the global modular robotics market can be segmented into the following,

Auto-Configuration
Manual Configuration

On the basis of end use industry, the global modular robotics market can be segmented into the following,

Automotive
Electronics & Electrical
Chemical
Food & Beverages
Pharmaceuticals

Modular Robotics Report Highlights:

Detailed overview of parent market of the Modular Robotics market
Changing Modular Robotics 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 in Modular Robotics
Modular Robotics market competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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About Future Market Insights (FMI)

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

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ASEAN Organic Cosmetics Market Size is Anticipated to be US$ 13.07 Billion through 2032

The ASEAN organic cosmetics market for organic cosmetics stood at an overall valuation of US$40 billion in the year 2015. Over the course of the given forecast period of 2016 to 20224, the market is supposed to reach a total valuation on US$66 billion. This growth of the ASEAN market for organic cosmetics is expected to be driven by a strong CAGR of 10.0% over the same period of forecast. The number of reasons driving the overall growth of the ASEAN organic cosmetics market and the detailed information on it is provided by the latest report by Future Market Insights titled, “Organic Cosmetics Market: ASEAN Industry Analysis and Opportunity Assessment, 2014-2024”

Increasing awareness about the possible side effects of synthetic cosmetics in projected to be a primary driving factor for the development of the global organic cosmetics market. Positive approach towards the organic cosmetics, easy availability of a broad range of organic cosmetics, and increasing spending power of the people of middle class in ASEAN are some of the other vital reasons driving the overall growth of the market for organic cosmetics. Keeping an account of these factors, the market for organic cosmetics in ASEAN is projected to grow with the help of a steady CAGR of 9% till the years 2020 and is estimated to generate revenue of about US$4.4 billion.

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However, there are some factors that are negatively impacting the overall growth of the ASEAN market for organic cosmetics market. One of the key impeding factors for slowing down the market growth of organic cosmetics is the high cost of these products. In addition to this, the shelf life of these organic cosmetics is very limited and there is a clear lack of standardized certification for these products. These factors are also expected to hamper the market growth of ASEAN market for organic cosmetics products and may slow it down to reach its full potential. There is a dire need for setting up strict and rigorous standards for certification, so that only the products with reliable and genuine brands will be able to introduce themselves in the global market for organic cosmetics.

Depending on the type of product, the ASEAN organic cosmetics market can be segmented in terms of make up, toiletries, fragrances, hair care, and skin care. Among these mentioned segments, the organic products for hair care are held the highest share in the ASEAN market in 2015 in terms of revenue generated. The organic hair care cosmetics products segment was valued at US$780 million in the year 2015. The overall demand for the organic hair care products is expected to clock nearly US$1.24 billion by the fall of year 2020.

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The second highest revenue generating product was found to be the skin care products. In terms of revenue generated, the segment accounted US$671 million in the year 2015. This segment for organic skin care products is expected to grow with the help of a steady CAGR of 9.7% over the course of the given forecast period and is estimated to reach an overall market valuation of US$1 billion during the same time. The segments of toiletries and organic fragrances are also projected to grow with strong CAGRS over the course of the given period of forecast.

From a regional point of view the ASEAN market for organic cosmetics can be segmented into six key regions such as Malaysia, Indonesia, Thailand, Vietnam, Philippines, and Singapore. In ASEAN organic cosmetics product market, Thailand, Indonesia, and Philippines are the three biggest markets in terms of revenue generation. Thailand market for organic cosmetics.

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Some of the key companies in the ASEAN market for organic cosmetics include names such as Weleda Inc., W.S. Badges Company Inc., and Groupe L’OCCITANE among others.

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on the basis of distribution channel: