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Tamarind Extract Market overview by recent opportunities, growth size, regional analysis and forecasts to 2030: FMI

Tamarind extract is an essential food additive with a distinctive flavor. It is used in a variety of food products to improve taste and flavor.

The beverage industry employs the services of tamarind in juice production due to its coolant property.

Tamarind has many health befitting features ranging from antifungal to antimicrobial to antioxidant then antiseptic.

Tamarind is used in the cosmetic industry to produce skin hydrating and bleaching agents, which are necessities in every household.

The growing demand for healthy food products among consumers is the key factor fueling tamarind extract worldwide.

Health-related issues such as common cold, conjunctivitis, indigestion, and others are diseases that tamarind fights.

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Tamarind extract is also helpful in blood purification. The antioxidant property of tamarind is a significant growth driver for the global market as research has shown it’s essential in combating cancer and the strengthening of the immune system.

Furthermore, the growing demand for natural ingredients is estimated to create a surge in demand for the tamarind extract market during the forecast period due to the ever-increasing awareness regarding the negative impact of artificial or synthetic product

Tamarind Extract Market Growth Driven by Growing Population Size of Health Conscious Consumers

Over the years, there has been an enormous demand for tamarind extract due to the burgeoning demand for natural food products or ingredients with impressive health benefits.

Tamarind is used in several industries such as the food and beverage, cosmetic and personal care product, and pharmaceuticals.

The pharmaceutical industry applies tamarind extract in its production due to the health benefits it offers to consumers.

Tamarind is a rich source of fiber, vitamin C, and some other nutrients. It’s used in boosting the immune system and the prevention of cancer.

With the rising awareness among consumers regarding the food safety property offered possessed by tamarind, the market is expected to grow exponentially during the forecast period as demand is expected to increase.

Chemical preservatives like lactic acid, benzoic acid, and ethanoic acid are substituted by tamarind due to consumers’ preference for natural preservatives ahead of synthetic ones.

Increasing the application of tamarind extract in the various end-user sector is expected to drive the industry forward over the forecast period.

The cosmetic industry uses tamarind to produce skin and hair treatment products because of its antifungal and antimicrobial properties.

Alcoholic beverages like vodka, wine, and whiskey contain tamarind extract because of flavor it imparts in food and beverages.

Tamarind Extract Market Restraint

Tamarind extract market is expected to witness a decline as governments’ stringent regulation is a strong force anticipated to hamper the industry’s growth during the forecast period.

Tamarind Extract Market: Region-wise Analysis

The global tamarind extract market in the Asia Pacific is expected to grow faster due to the rising per capita consumption of natural products in the region.

Thailand and Indonesia top the chart as countries with the highest per capita consumption of tamarind. These countries are significant exporters of tamarind since their land is fertile for cultivation.

Latin America is expected to grow significantly during the forecast period due to the growing demand for tamarind from the cosmetic and personal care products industry.

Europe and other regions are expected to register moderate growth over the forecast period.

Tamarid Extract Market: Competitive Landscape

The global tamarind extract market is competitive with few major players operating in it. Leading players in the industry are merging with local players to expand their products to regions where they are absent. Key players such as

Magma Foods
Kanegrade Limited
Shimla Hills
MoonLite
Xi’an Victory Biochemical Technology Co., Ltd.
Abc International
Baaeco V Food Ltd.
Jadli Foods (India) Pvt. Ltd.
Abdullabhai Abdul Kader
Revata Food Products Pvt Ltd

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.

Tamarind Extract Market Segment Analysis

The global tamarind extract market can be segmented on the following basis:

By Form

Powder
Paste

By End Use

Cosmetic
Food and Beverage
Pharmaceutical
Household

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By Distribution Channel

Supermarket/Hypermarket
Specialty Stores
Commerce
Grocery Stores
Direct

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Disposable Bed Sheets Market is Rising Due to Growing Trend of Visiting Spa and Salons

The Disposable bed sheets are specially designed to provide comfort and infection control. The construction of disposable bed sheets reduce cross-contamination risks that come from laundering linen. Moreover, demand for hypoallergenic and eco-friendly disposable bed sheets in hospitals and nursing homes are accelerating the global sales of disposable bed sheets.

The rising prevalence of health diseases have increased across the world in recent past. Preventing disease from spreading has become the biggest challenge for health facilities. Moreover, rising consumer awareness on hygiene has pushed the market for such product which can prevent the diseases spreading. Thus, companies have come up with such innovative product such as disposable bed sheets.

Disposable bed sheets are market hold a major market share in developed economies such as North America, Europe, Oceania etc. Growing sanitary products awareness and availability of disposable bed sheets on online platform also driving the market forward in Asia Pacific such as East and South Asia.

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China, India are the primary country to drive the disposable bed sheets market in Asia Pacific region owing to increasing number and investment into healthcare facilitie

Disposable Bed Sheets Market: Market Dynamics

Over the last few years, consumers have given hygiene as their top priority. At present, continuously development of technologies and innovation is making it easy for the manufacturers to produce new products in consumer sanitary category such as disposable bed sheets. The use of disposable bed sheets has become an economical choice for consumers around the world.

The growing trend of visiting spa and salons have also more popular in recent past. Male are also seen to become a part of this trend. Thus, the use of disposable bed sheets in spa and salons has become more essential as consumer choose spa and salons over hygiene criteria. Technological innovation in manufacturing sector has helped the companies to innovate or produce new products or features in disposable bed sheets.

For instance, in 2018, Peel Away Labs, developed a multi-layered disposable bed sheets which consist of several layers and can use by pilled away the upper layer. The multi-layered disposable bed sheets are considered 32% softer than traditional bed sheets.

According to Lou Leibhaber, former Chief Operating Officer at Lehigh Valley Hospital and Health Network stated, two nurses take around 15 minutes to change a bed sheet while patient is on bed. In contrast, using multi-layered disposable bed sheets can reduce the work time from 15 minutes to 1 minute and one nurse is sufficient to do the job.

As a recent trend, it has been observed that the increasing use of disposable bed sheets are emerging in home for quick and one time usage and protection from incontinence and spills. Eco-friendly disposable bed sheets are on rise and are emerging in the market. The growing trend of using ecofriendly product has pushed the manufacturers to come up with ecofriendly disposable bed sheets.

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Disposable Bed Sheets Market: Regional Outlook

The disposable bed sheets are gaining traction owing to high demand in hospitals, nursing homes, clinics and salon & spa. The need for disposable bed sheets are primarily derived from developed countries such as North America and Europe. Growing number of hospitals in developed regions are expected to drive the sales of disposable bed sheets.

Moreover, hygiene conscious consumers also fuel the usage of disposable bed sheets in salon & spa which is expected to further drive the demand for disposable bed sheets in developed region. East Asia and South Asia is expected to grow at a significant pace during the forecast owing to increasing number of healthcare facilities in the region.

Moreover, growing medical tourism in China, India have also pushed the Asia Pacific sanitary market which in result, drive the disposable bed sheets in East Asia and South Asia. Oceania is expected to boost the disposable bed sheets market owing to higher demand in healthcare facilities. Advance healthcare infrastructure and growing hygiene awareness among consumers have fueled the usage for disposable bed sheets in the region.

Latin America is also expected to gain a significant market share while Middle East and Africa (MEA) is expected to grow slower than other regions due to slower development of healthcare facilities as compared to other regions.

Disposable Bed Sheets Market: Key Players

The global disposable bed sheets market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on innovation and new product development. Some of the key players in disposable bed sheets market are Medline Industries, Inc., 3M Healthcare, BM plus spol. s r.o., Medisafe, Jaipur – Jackson Care, EconoGroup, Beaucare DermeandCo. and others.

Disposable Bed Sheets Market: Market Segmentation

The disposable bed sheets market is segmented into different categories based on the product type, nature, price, application, sales channel and region.

Based on product type, the disposable bed sheets market is segmented into:

Waterproof
Oilproof
Non-Woven

Based on nature, the disposable bed sheets market is segmented into:

Eco-friendly disposable bed sheets
Regular disposable bed sheets

Based on price, the disposable bed sheets market is segmented into:

High
Economy/Mid-Range

Based on application, the disposable bed sheets market is segmented into:

Home
Salon & Spa
Hospital
Other

Based on sales channel, the disposable bed sheets market is segmented into:

Direct Sales
Supermarkets/Hypermarkets
Pharmacies & Drug Stores
Specialty Outlets
Independent Small Stores
Beauty Specialist Stores
E-Retailers
Other Sales Channel

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Jewelry Organizer Market is Growing Due to Rising E-Commerce Penetration Globally Stimulating the Growth

The jewelry organizer is used to keep jewelry easily available. It helps to store bracelet, necklace, rings and other products in one place. It is gaining more traction to increase shelf life and shine of the costly jewelry from dust, debris and other harmful factors.

Shopkeepers are having more preference for jewelry organizer to increase anti-theft protection to the luxurious jewelry products.

Therefore, key players are manufacturing jewelry organizer with digital code locks and manual key locks. Moreover, jewelry organizer gives an excellent presentation of the jewelry which further increases its demand in multiple.

It increases the astatic looks of the jewelry. Jewelry organizer is available in various shapes, sizes and patterns. Among these, flat jewelry organizers are highly preferred in the stores as it occupies less space and easily accommodates the crowded closets.

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On the backdrop of rising demand for luxury jewelry, jewelry organizer market is expected to take a giant leap over the forecast period. The most obvious features of jewelry organizer such as convenience, ease of handling, portable, little efforts, less messy and finer work, more demand for jewelry organizer is witnessed among women.

All these factors bring plenty of opportunities for jewelry organizer manufacturing companies and distributors to enter the global market and capture untapped regions.

Additionally, rising e-commerce penetration globally stimulating the growth of jewelry organizer market, as these online platforms allow retails as well as consumers to sell or buy many products at once and thus, in turn, reduces overall lead time.

Therefore, it is anticipated that the growth of jewelry organizer market is expected to increase in multiples during the forecast period.

Jewelry Organizer Market: Dynamics

Consumer inclination towards luxurious and artistic/antique jewelry products across the continents is the prime factor for accelerating the jewelry organizer market growth up to a great extent. Moreover, some of the jewelry manufacturing industries are considering these organizers as a promotional tool for boosting sales and creating brand image.

This further drives the global jewelry organizer market significantly. Urbanization and increasing awareness about the storage of personal belongings are further giving thrust to bolster demand for jewelry organizer in various countries.

As per the changing living standards and market trend, shopkeepers are having more demand for eye-catchy jewelry organizer which easily gain the attention of the buyers.

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The innovative designs and colours in jewelry organizer are further creating more opportunities for the growth of jewelry organizer market.

The key trend adopted by the players to provide more convenient and handy jewelry organizer to the customers such as smooth finished jewelry organizer, magnetic closures, and safety provision in the boxes further projected to create exponential opportunities for the jewelry organizer market.

However, consistently increasing prices of the jewelry organizer might restrain the market growth up to a certain extent. Additionally, amide COVID 19 pandemic, people are spending more on life-essential products compared to luxury products and jewelry.

Owing to fluctuating economic conditions of many countries, the growth of jewelry organizer market is expected to decline slightly in 2020-2021.

Jewelry Organizer Market: Regional Outlook

The demand for jewelry organizer market is further analyzed based on geography. The market is categorized into Europe, East & South Asia, North America, MEA, Oceania, and Latin America.

It is witnessed that, the people in North America and Europe are spending more on luxurious jewelry products which propel more demand for jewelry organizer.

North America and Europe jewelry organizer markets seem to be a mature market and anticipated to hold prominent market shares during the forecast period. Furthermore, in South and East Asia, striking adoption of jewelry organizer and adequate presence of prominent manufacturers in the regions is bolstering the demand for jewelry organizer.

The key players in the jewelry organizer are increasing their footprints in Latin America and Middle East & Africa as these regions provide opportunities owing to increasing disposable income and more inclination towards maintaining the good lifestyle to some extent. Oceania market is expected to expand with a moderate growth rate during the forecast period.

Jewelry Organizer Market: Key Players

Several regional and unorganized players are expected to contribute to the jewelry organizer market, particularly in the North America and Asia Pacific regions. Thus, the market seems to be very much fragmented and is anticipated to be highly competitive.

Some of the leading manufactures in the jewelry organizer market are listed below:

Ellis James Designs
MISSLO
Kendal
Jack Cube
mDesign
LANGRIA
Vlando
MCKENNA
Umbra

Regional Analysis Includes

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

Jewelry Organizer Market: Segmentation

By Basis of Product Type:

Boxes
Bags and Pouches
Trays
Stands
Armoire
Others (Wallet, Clutches, Rolls, etc.)

By Basis of Material:

Paper and Cardboard
Plastic
Wooden
Others (Steel, Marble, etc.)

By Basis of Sales Channel:

Direct
Indirect
Supermarkets/Hypermarkets
Retail Stores
Others (Online Platform, etc.)

By Basis of Mounting:

Wall mounted
Hanging
Rotating shelf
Others

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Field Service Management Market Size | COVID-19 Impact Analysis | Forecast to 2032

The global field service management market is expected to secure USD 10.3 Bn in 2032 while recording a CAGR of 11. 1% during the forecast period from 2022 to 2032.

Attributes	Details
Global Field Service Management Market (2022-2032)	11.1%
Global Field Service Management Market (2032)	USD 10.3 Bn
Global Field Service Management Market Attraction	Growth of the market can be attributed to the evolution of technology and the rapid penetration of smartphones.

The market is projected at USD 3.2 Bn and 3.6 Bn in 2021 and 2022 respectively. Expansion of the market is credited to the increasing demand for real-time visibility and the fast adoption of automation and digitalization in the field.

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Increasing initiatives to offer improved customer services, lessen labor costs, and offer better productivity is predicted to play a salient role in driving the market during the assessment period. Moreover, the growing integration of AI, AR, and VR in the field services sector is predicted to boost the industry significantly. Regionally, the U.S market is expected to lead the global market during the forecast period. The country is projected at a growth rate of 10.9% by 2032.

The market in China is likely to garner USD 764.6 Mn and record a CAGR of 10.9% during the assessment period. On the contrary, the rising number of cyberattacks is a serious concern, which is projected to inhibit market growth in the assessment period. Besides, the growing adoption of BYOD policies has encouraged cyberattacks, which is a serious concern to the market since it limits market growth.

Key Takeaways from the Market Study

The global field service management market to expand at a CAGR of 11.1%
The global field service management market to hold a value of USD 10.3 Bn
The solution segment to record an 11.1% growth rate
The on-premise segment to witness a 10.9% expansion rate
The market in the US to secure USD 3.6 Bn in 2032
The market in the U.K to record a CAGR of 10.1% during the forecast period

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“Rapid adoption of automation and digitalization is expected to propel adoption of field service management solutions across a wide range of end use industries,” remarks an FMI analyst.

Competitive Landscape

Players in the global field service management service adopt various strategies to enhance their reach in the global market. Key players in the global field service management market include SERVICEMAX, ORACLE, SALESFORCE, MICROSOFT, INFOR, among others. Key developments among the players are:

In 2019, SalesForce Inc., a US-based cloud software company acquired ClickSoftware Technologies for USD 1.35 Bn. With this acquisition, Salesforce Inc. enhanced the expansion of its Service Cloud software and improved its Field Service Lighting (FSL).
In March 2021, IFS AB rolled out IFS Cloud to help businesses in orchestrating customers, people, and assets to deliver end-to-end capabilities. Customers can integrate human capital management, enterprise resource planning, and asset management to provide improved field services.

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Facial Recognition Market Business overview, Upcoming Trends, Growth, Analysis and Forecast – 2032

According to a recent study done by FMI, the  Facial Recognition Market  is expected to reach US$ 22.5 billion by 2032, up from US$ 5.2 billion in 2022, expanding at a high CAGR of 15.7%. This study explains that increase in government investments in emerging technologies of CCTV cameras in most public places to minimize criminal activities and terrorist attacks and to enhance public safety boosts the facial recognition market growth.

Attributes	Details
Facial Recognition Market CAGR (2022 – 2032)	15.7%
Facial Recognition Market (2022)	US$ 5.2 Bn
Facial Recognition Market (2032)	US$ 22.5 Bn

Factors such as the rise in demand for face detection systems to enhance safety and security, and increase in applications in physical security and intelligent signage are expected to propel the growth of the global facial recognition market during the forecast period. Further, the report opines that the technological advancements such as 3D recognition systems and cloud-based solutions are anticipated to augment the market growth in the coming years.

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Key Takeaways from the Market Study

Global Facial Recognition market to be valued at US$ 5.2 Bn by 2022-end By Component, Software Tools Segment expanded at a CAGR of 16.8% until 2021 Law Enforcement application ruled the Facial Recognition market with a CAGR of 16.7% until 2021. China to account for the highest value share of US$ 1.6 Bn of global market demand for Facial Recognition market in 2032

Competitive Landscape

Players in the global Facial Recognition market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In March 2022, Aware, a biometrics software and services company, partnered with MIRACL to expand its cloud-based biometric authentication technology. The partnership is a through mutual reseller arrangement whereby each company can both sell each other’s products and integrate them within their own product lines, quickly bringing to market password-free login paradigms delivering superior security and simplicity for users.  In March 2022, SALTO’s acquisition of Cognitec Systems initiates strong partnership of business synergy and innovation. This acquisition is expected to meet market requests for adding face recognition and artificial intelligence technologies to the company’s renowned electronic access control and ticketing solutions. In addition, both companies appreciate a similar innovative work environment and corporate culture.

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More Insights on the Facial Recognition Market

Future Market Insights offers an unbiased analysis of the global facial recognition market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the facial recognition market, the market is segmented on the basis of component type, application, and vertical across five major regions.

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Antioxidants Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2022-2032 | Aland (Jiagsu) Nutraceutical Co. Ltd, BASF SE, Cargill Incorporated

The food antioxidants market is anticipated to increase at a CAGR of 9.2% from USD 2,100 Mn in the year 2022 to USD 5,063Mn by 2032 globally. It is expected to generate about 52.4 KT in 2022 and 68.1 KT in 2025, with a CAGR of 5.4% throughout that time.

Health benefits of consuming antioxidants have been witnessing an uptick in terms of awareness of consumers towards them. With every passing year, more consumers are being informed about the benefits of consuming antioxidants through food and beverages. Changing diet patterns of consumers and a significant rise in global meat consumption has further surged the demand for antioxidants. Some of the key advantages of consuming antioxidants include:

Counteracting the effects of free radicals produced naturally in our bodies
Different antioxidants can benefit different parts of the body; from eyes and heart to prostate and urinary tract
Protecting skin from photo-oxidation of UV rays
Supporting the immunity system by protecting cellular DNA and cell membranes from mutation

An exclusive research study by Future Market Insights projects that factors as such are observed to be the key drivers for the growth of the global antioxidants market. Their health benefits will drive their demand in the assessment period, 2022-2032, as the report projects a steady expansion of the global antioxidants market through 2020. During this forecast period, the report expects that increasing intake of antioxidants in optimizing one’s health and improving memory abilities will also serve as a proponent in driving the sales of products containing antioxidants.

Key Companies in the Global Antioxidants Market

According to the report, companies namely, Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreco N.V., and Vitablend Nederland B.V. are observed to remain active in the expansion of the global antioxidants market through 2020. A majority of these producers will be striving the balance the negative effects of antioxidants consumption by boosting the health-benefitting properties of their products.

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Recent Trends in Food Applications of Antioxidants

Key trends that will be influencing the use of antioxidants in the food and beverage industry have been analyzed in the report. They include:

Scientific developments in antioxidant action on lipids
Use of antioxidants as an antimicrobial agent
Hormone research studies proving the key role of antioxidants in protecting the membranes of tissues and cells
Growing use of emulsified oils in production of food products
Rising adoption of in-situ extraction
Increasing consumption of uncomminuted food such as roasted beef
Surging demand for pre-cooked frozen fast foods and freeze-dried foods, among others

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Global Antioxidants Market: Segmental Analysis and Regional Insights

The report projects that the demand for antioxidants will be greatly influenced by the changing undercurrents of the food and beverage industry. An extensive value chain analysis and opportunities assessment has been provided in the report to extend the reader’s knowledge on untapped growth potential of the global antioxidants market.

The global market for antioxidants has been segmented on the basis of type of antioxidants and region. With respect to the product-type, the demand for natural antioxidants over synthetic antioxidants is anticipated to remain significantly high through 2020. The report also projects that natural antioxidants will register the fastest revenue growth throughout the forecast period. On the basis of geographies, the global antioxidants market has been further segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is anticipated to represent the largest market for antioxidants. Robust growth in food & beverage industry, coupled with high meat consumption, will be driving the demand for antioxidants in the US and Canada. The APAC antioxidants market is also anticipated to remain lucrative for manufacturers through 2032.

The report covers exhaustive analysis on:

How much is the Antioxidant consumer market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Antioxidant sales?
How are market players reacting to the new developments in the market?
How much share do the top 3 companies hold?
Which are the major countries driving demand for Antioxidants?
Who are the major players in the Antioxidant Consumer Market?
At what rate will the U.S. Antioxidant consumer market grow?

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Flatware Market – Rising Popularity of Stainless Steel Flatware Due to the Associated Health Benefits

The flatware industry has evolved over the years as it not only enhances the dining experience but also the aesthetics of the kitchen. Being an indispensable part of tableware, the demand of flatware is anticipated to remain sound in the global flatware market, which is anticipated to record steady growth over the year to come.

Factors such as changing lifestyle, increased willingness to spend luxury flatware, robust growth of the hospitality sector along with rising product visibility across multi-retail outlets and online platforms are underpinning the flatware market growth.

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Flatware Market – Key Trends

Leading manufacturers in the global flatware market are witnessing the rising popularity of stainless steel flatware due to the associated health benefits. Manufacturers are focusing on offering the best every day and luxury flatware set, designed as per the preferences of the consumers. For instance, Cambridge Silversmiths have launched Julie satin flatware all-purpose lightweight flatware that has a classic silhouette with clean lines.

Sales of flatware are also substantially influenced by consumer’s preference towards European or American Style flatware. Traditional ways of shopping and price difference in local retail outlets and online platforms are substantially driving the flatware market growth. An extensive range of flatware has mushroomed on online stores in recent years.

Growing internet penetration in rural areas, quicker and trusted delivery by several online portals, and replacement possibilities are further driving the segment. Additionally, millennials and Gen Zers cohort with hectic schedules opt to purchase online instead of offline because of easy access and doorstep delivery.

Flatware Market – Growth Restraints

The environmental threat on account of inappropriate disposal of plastics is a major concern for the government and several agencies. This is estimated to arise as the most prominent market constraint. Additionally, increasing raw material costs might hinder market growth over the assessment period.

COVID-19 Impact on Flatware Market

COVID-19 pandemic has led towards nation-wide lockdowns and the shutdown of the majority of retail stores across nations affected sales of flatware. The crisis, however, has escalated sales of flatware via e-commerce distribution channels.

Regional or local players who were yet to enter the online ecosystem are facing the forceful switch to e-commerce distribution channels. Sales through e-commerce channels will help to keep the flatware industry afloat as consumers are increasingly avoiding in-store purchases. Such factors are projected to bring the flatware market back on track in the coming months.

Flatware Market – Region-wise Analysis

Europe is anticipated to gain market prominence in the global market due to its higher adoption, particularly in Western European nations such as France, Italy, and Germany. Over the years to come, the regional growth is projected to be fueled by the unsaturated Eastern European region. Additionally, increased usage of a different kind of flatware is boosting sales in the region.

Asian regions are anticipated to witness rapid growth due to increased implementation of cutlery in nations such as China, which accounts for the majority of the market share in the region. North America will be the second biggest region in the global flatware market in terms of market share due to the rising spending power of consumers.

Flatware Market – Competitive Analysis

Some of the prominent companies identified in the global flatware market are John Boos & Co., BergHOFF, Picnic Time, Inc., KYOCERA International, Inc. Melange, and Picnic at Ascot. The market is moreover fueled by design innovation, joint ventures, and mergers and acquisitions. For instance,

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Italian Flatware maker Merpa took over Punto Soave an artisan-based tabletop manufacturer. The acquisition will help the company to upgrade its design by using Punto Soave’s proficiency in wood, glass, porcelain, and ceramic, and not limiting itself to PVD and metal.

WNA (Waddington North America) launched Reflections Renew, an assembling of silver-look knives, forks, and spoons with PCR (post-consumer resin). The manufacturer is producing metalized plastic cutlery with 20% recycled PS. Arbor Investments acquired Steelite International a manufacturer of melamine, flatware, glassware, dinnerware, buffet ware, and accessories. The acquisition will help accelerate growth through an increase in market presence.

Global Flatware Market: Key Players (this is an indicative list – full list of key players available upon request)

Big Tree Furniture & Industries, Inc.
WorldKitchen, LLC
Ginsu
Zwilling J.A.
Henckels
Hampton Forge
KitchenAid
Safavieh LLC

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, 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, Turkey, Northern Africa, South Africa)

Flatware Market – Market Segmentation

By Product Type

Plastic
Stainless Steel
Silver
Gold

By Distribution Channel

Online
Offline

By Application

Public Consumption Restaurant
High-end Restaurant

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Latest Updated Report of Food Preservatives Market 2022-2032 SWOT Analysis, Industry Trends, Analysis by FMI

Future Market Insights (FMI) delivers key insights on the global food preservatives market in its latest Research report titled “Food Preservatives Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020“. The global food preservatives market is anticipated to expand at a CAGR of 3.5% in terms of value during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report.

On the basis of application, the market has been categorized into bakery, beverages, dairy and milk products, meat and poultry and sea food, and others. The meat, poultry and sea food segment has dominated the food preservatives market over the years, since these food products are an integral part of human food habits. Manufacturers use food preservatives in these products to: extend shelf life, meet the continuous demand and increase production of processed food. The meat, poultry and sea food segment is expected to dominate the food preservatives market in the coming years, though the market is expected to fall from share of 27.9% in 2013 to 27.3% in 2020 in value terms. The food preservatives market used in other products, such as oil and fat, jams and syrup among others, is expected to expand at a CAGR of 4.1% in value terms from 2014 to 2020.

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Growth of the global food preservatives market is majorly driven by increasing demand for food products with extended shelf life. In addition, widening distribution channels and increasing demand for natural and organic food are some of the other factors contributing towards the market growth. High demand for processed foods and increasing awareness about food safety is driving the global food preservatives market currently. Synthetic is presently the fastest growing segment of the global food preservatives market. Healthy eating trends and preferences for quality food are fuelling the demand for food preservatives globally.

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This report covers drivers, restraints and opportunities that are driving each segment and respective sub-segments of the market, and offers analysis and insights about the potential of the food preservatives market in specific regions. By region, the global food preservatives market was dominated by North America, which held the largest value share of 36.5% of the food preservatives market in 2013, and the region is expected to maintain its dominance in the coming years as well. Currently, manufacturers use preservatives during food processing to prevent spoilage during transportation and to increase the shelf life of foods. The market is witnessing growth due to changing eating patterns and busy lifestyles. Asia Pacific is currently the second largest market for food preservatives after North America. Food preservatives are used for various purposes, including chelating agents and anti-spoilage. In addition, food preservatives are also used as shelf life enhancers, antioxidants and antimicrobials, and enzyme attackers. Increasing demand and trade of food products worldwide is fuelling the Asia Pacific food preservatives market currently. Increasing demand for bakery products, beverages, meat and dairy products is creating a positive impact on the food preservatives market. Changing lifestyles and food patterns are also driving the Asian food preservatives market currently.

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Key competitors covered in the report are BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen A/S, Corbion N.V., DuPont, JEY’S F.I. Inc, Kerry Group, Koninklijke DSM N.V and The Archer Daniels Midland Company. These companies are focusing on developing new products and improving the quality of their existing products through research and development activities. The manufacturers are also focusing on geographical expansion in order to gain a competitive advantage.

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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Hiking Backpacks Market is Anticipated to Witness Checkered Growth

The hiking backpacks are specially designed for various applications such as comfortable day hikes or short overnight trips. The hiking backpacks mainly used for outdoor recreational activities such as camping, hiking, and trekking.

The increasing demand for sporting activities and the younger population, particularly millennials drive the market for hiking backpacks.

Also, hiking backpacks made of aluminum or other durable materials to equally distribute load on shoulders and hips, and making them easy to carry for several hours. The hiking backpacks offer various benefits such as ultralight, good back ventilation, and easy to reach water bottles inside pockets, nearly waterproof, among others.

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Impact of COVID-19 Pandemic Outbreak on Hiking Backpacks Market

The clothing, backpacks, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide.

The expected decline in the global sales of clothing, backpack, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India.

Owing to the spreading of COVID-19 virus in all the regions are shutting down all the tourist places, trekking, and sports activity and different verticals demand-side challenges for the hiking backpacks, it registering a declining growth of -2.5% as compared to original forecast 6% in 2019.

However, it is expected to the COVID-19 pandemic situation gets controlled during Q3-Q4, 2020, the market return to annual growth in 2021 up to 6% as the growing trend of adventure tourism, and increasing consumer participate in hiking activities.

Hiking Backpacks Market: Drivers and Challenges

The growing need for hiking backpacks for the increasing popularity of outdoor recreational activities, comfortable to transport, which drives the hiking backpacks market.

The hiking backpacks offer different features such as a lightweight, customizable, affordable, and good pocket organization. The reliability of such features driving the growth of the hiking backpacks market.

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Moreover, the rising demand for hiking backpacks for increasing participation in outdoor activities is propelling the demand for hiking backpacks market. Hiking backpacks are also used for trekking and other adventure purposes.

The growing consumer attraction towards various outdoor sports and different adventure is boosting the demand for hiking backpacks market.

Challenges

However, average weather protection and one mesh hip-belt pocket lack durability are witnessed challenging the growth of the hiking backpacks market.

Restricted demand for the product across various countries, owing to the additional cost and size of the hiking backpacks required across various industry verticals in the respective countries, is another factor hindering the growth of the global hiking backpacks market.

Hiking Backpacks Market: Competition Landscape

Cosmus Bags Private Limited
AMG Group
Deuter Sport GmbH
Osprey Packs, Inc.
Wildcraft

Hiking Backpacks Market: Regional overview

By geography, the hiking backpacks market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA (the Middle East & Africa).

Among these regions, North America, & Europe have held comparatively higher market shares in the global hiking backpacks market due to the presence of hiking backpacks manufacturers and strong end-use industry verticals demanding the hiking backpacks in this regions.

The growing consumer attraction towards different treks across the South Asia & Pacific region will create new growth opportunities for the players in the hiking backpacks market.

The hiking backpacks market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The hiking backpacks market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

Hiking Backpacks Market Segments
Hiking Backpacks Market Dynamics
Hiking Backpacks Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Technology
Value Chain of the Market
Hiking Backpacks Market Drivers and Restraints

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, Italy, U.K, Spain, France, BENELUX, & Russia)
East Asia (China, South Korea, & Japan)
South Asia & Pacific (India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, Turkey, South Africa)

Hiking Backpacks Market: Segmentation

The hiking backpacks market has been segmented on the basis of type, distribution channel, application and region.

On the Basis of Distribution Channel

Specialty stores
Retail stores
Online

On the Basis of Type

Day Packs
Backpacking Packs
Travel Bags

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Travel Accessories Market is Growing Due to Increasing Disposable and Per Capita Income

The global Travel accessories industry is ever changing where the old ones go obsolete as the new trend or fashion enters the market. Travel accessories are utilized for tourism, personal, and also for business travels.

Travel accessories/goods include travel bags, travel outfits, business cases, electronic accessories, personal leather goods, toiletries, food box, travel pillow and blanket and locks amongst which travel bags holds the prominent share in the market.

Some of the travel accessories can also be seasonal. Travel Bags can be further classified as luggage bags, sport bags, backpacks and others. Backpack is expected witness highest CAGR as compared to other types of bags.

Nowadays, travel agencies assists consumers to choose between travel accessories. The overall travel accessories market is expected to grow at high rate in the coming decade, given the increasing discretionary income and growing international travel.

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Global Travel Accessories Market: Dynamics

Increasing disposable and per capita income in most of the developing countries is the key factor driving the tourism industry and thereby the travel accessories market.

Moreover, increasing trend amongst the millennial about travelling to maintain mental and physical health is further expected to push the market in upcoming future. Increasing number of business travellers at regional and international level is anticipated to bolster the market.

Various countries are promoting tourism while others are promoting international business due to which the international travellers increase and this is projected to impact the travel accessories market positively With increasing demand and changing trends in travel accessories, price of travel accessories is moving north which may act as a restraint to the market.

COVID-19 Impact on Travel Accessories Market:

The tourism industry is impacted utmost by the rapid outbreak of coronavirus (COVID-19) related health crisis. The pandemic continues to expand and affect the world. The potential impacts of COVID-19, including delays in the production lines, supply chain disruption, lockdowns has restricted the consumer to travel across the region or country.

In most of the countries the tourist places have been closed to decrease the spread of the disease. Business travelling is also impacted to significant extent due to COVID-19.

The travel accessories market has fallen to show negative growth due to ongoing pandemic; however, the market is expected to robust in upcoming future with demand expected to pick up again by first quarter of 2021.

Global Travel Accessories Market: Regional Outlook

Asia-Pacific region is expected to dominate the global travel accessories market and is projected to continue its dominance over forecast period owing to increasing consumer spending in countries such as China and India. Japan and ASEAN region also have the significant consumption of travel accessories.

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U.S. is largest aviation market while China is projected to be the largest aviation market in future. With growth in aviation industry, the demand for travel accessories is also expected to increase. Most of the European countries have high budget for travel and tourism as compared to other regions and also promotes tourism activities.

Global Travel Accessories Market: Market Participants

Distribution channel plays a key role for the sales of travel accessories. Key players’ focuses on online distribution channel as the adoption of online services is at high rate. The manufacturers also tie-up with travel agencies for long term supply.

The prominent players in the market also focuses on delivering compact lightweight accessories with enhanced performance to attract large customer base.

Some key players involved in the Travel Accessories market include:

ACE Luggage Co. Ltd
ExOfficio, Magellan’s
MCM Worldwide
Nike Inc.
TravelSmith Outfitters
VIP Industries Ltd.
SINOX COMPANY LTD.

The research report presents a comprehensive assessment of the Travel Accessories 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 Travel Accessories market segments such as product type, intensity and end-use industry.

The report covers exhaustive analysis on

Travel Accessories Market Segments
Travel Accessories Market Dynamics
Travel Accessories Market Size
Travel Accessories Market Volume Sales
Travel Accessories Market Adoption Rate
Travel Accessories Market Current Trends/Issues/Challenges
Travel Accessories Market Competition & Companies involved
Travel Accessories Market Value Chain

Regional analysis includes

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

The market 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 factors on Travel Accessories market segments and geographies.

Global Travel Accessories Market: Segmentation

Globally, the Travel Accessories market can be segmented on the basis of product type, and distribution channel

By Product Type

Travel Bags
Travel Outfits
Business Cases
Electronic Accessories
Personal Leather Goods
Toiletries
Food box
Travel Pillow and Blanket
Locks
Others

By Distribution Channel

Supermarkets/Hypermarkets
Specialty Stores
Factory Outlets
Online Channels
Multi-brand Outlets

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