Cowboy Boots Market is expected to grow at 6.9% CAGR over 2022-2032

The global cowboy boots market is set to witness an impressive growth rate of 6.9% over the forecasted years of 2022 to 2032. The cowboy boots market size is anticipated to reach a valuation of around US$ 462.8 Million by the end of year 2032 by increasing from the current valuation of US$ 237.5 Million in 2022.

Current fashion preferences among young people worldwide as Western culture becomes more prevalent can be regarded as the major factor for the acceptance of cowboy boots as a trending product.  With the development of telecommunication and transportation technologies, cultural barriers are rapidly dissolving, and supply of cowboy boots are already witnessed all over the world.

Demand for cowboy boots has increased as a result of an increase in specialized and franchised shoe stores, as well as partnerships between shoe manufacturers and other retail chains. In the upcoming years, the cowboy boots sector is expected to benefit from a variety of rising trends in a number of different regions other than USA. The global cowboy boots market may also be impacted by product developments made by new market participants, such as alligator boots that is a redesign of an existing model.

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Rising income and the shift in general fashion sense of youths is also regarded to be one of the prominent factors for the development of cowboy boots market in Asia Pacific and Eastern European countries.

Key Takeaways from Cowboy Boots Market Study

  • The overall growth of the global cowboy boots market is estimated to be around US$ 225 Million over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 6.9%.
  • The year-on-year growth of the overall market during the years covering 2016 to 2021 was figured out to be slightly lower, that is 6.3%, than that is predicted for the coming years.
  • Western boots are the most attractive segment for the cowboy boots market players having a demand of up to 35% of the total.
  • According to the application, Women cowboy boots segment is growing at a faster rate than the men’s cowboy boots segment as per the new market research report.
  • North America captures the largest market share of the target market that is nearly 30% as per the cowboy boots market survey report released by FMI.
  • European region or countries together contributed for almost 13% of the overall market sales achieved in the year 2022.
  • Asia Pacific is the fastest growing market with respect to demand for cowboy boots by the younger generation.

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Competitive Landscape for the Cowboy Boots Market

Some of the well-known packaging market players are Ariat, Stetson, Wolverine, Rocky, Justin Boots, Laredo, Lucchese, Old Gringo, Roper, and Tony Lama among others.

Businesses dealing in cowboy boots also compete on a range of other factors, such as new product releases, pricing, materials selection, and promotional efforts, to gain a competitive edge over their rivals in the marketplace. Often, renowned cowboy boots market players use social media and online marketing to let customers know when new products are launched that helps them to gain much demand in a very short period of time. E-commerce websites have seen significant growth in past couple of years and is one of the favored channels for the cowboy boots market’s key participants in present time. 

Recent Developments in the Global Cowboy Boots Market:

  • Givenchy, Céline, and sometimes even Chanel embraced the look for their fall/winter 2022 shoe ideas, pairing them with skirts, tweed suits, and embroidered items to lend the traditional cowboy boots a fresh look and new life in the global market.

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Cowboy Boots Market by Segmentation 

By Type:

  • Western Boots
  • Work Boots
  • Riding Boots
  • Walking Boots

By Application:

  • Men
  • Women

By Region:

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

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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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Plant Based Ice-Creams Market May See a Big Move | FMI

Significant health benefits and rapid adoption as a key ingredient for preparing infant formula, adult dietary and nutritional products is fueling the demand for essential fatty acids such as omega-3 and 6 across the globe. A recent study conducted by Future Market Insights (FMI) has revealed that the global market for essential fatty acids is set to witness an impressive CAGR of 9.5% in terms of revenue over the forecast period (2017-2027). During this ten years of the forecast, the dynamics of the market will be shaped by factors such as government policies and regulations, incessantly rising demand and improvement in supply chain management of essential fatty acids.

Future Market Insights’ report titled “Essential Fatty Acids Market: Global Industry Analysis and Opportunity Assessment, 2017-2027” currently values the market at over US$ 4072 Mn and anticipates it to reach US$ 10 Bn towards the end of 2027. While favourable government policies will keep encouraging higher productions of essential fatty acids, the demand for such products will also surge upwards on account of their increasing application in processed and convenience food. Considering the growing awareness amongst consumers about the health benefits of essential fatty acids based food products, use of such product in ready-to-eat or packaged food is expected to grow over the years to come.

As per the report, omega-3 fatty acids are the most popular type of essential fatty acids, which is found in abundance in aquatic beings such fish, shellfish, krill as well as in algae and few genetically engineered plant species. Companies that are based in regions such as Latin America, Japan and the Middle East and Africa (MEA) have a better access to good quality marine based raw materials, enabling them to produce the best quality essential fatty acids. BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke DSM NV, Enzymotec Ltd., Croda International Plc, Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, Cargill, Incorporated are some of the leading market participants profiled in the FMI report.

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Key Highlights of the Report Include:

  • By 2027-end, the global production of omega-3 essential fatty acids is expected to reach a whopping 417,518 metric tons.
  • Around 97,384 metric tons of essential fatty acids is expected to be used for manufacturing of dietary supplements by the end of 2017.
  • On the basis of source, marine animals will continue to be a key source of essential fatty acids throughout the assessment period. In 2016, essential fatty acids extracted from marine source accounted for nearly 64.4% value share of the market.
  • In terms of value, essential fatty acids in the form of oil accounted for over 50% market share in 2016 end, followed by powdered essential fatty acids. In addition, close to 309,702 metric tons of oil-based essential fatty acids is expected produced by end of the forecast period.

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Among regions, Western Europe continues to be the global leader in terms of consumption of essential fatty acids. In 2017 and beyond, Western Europe will remain as one of the key destinations for market players. Meanwhile, North America will represent the largest market for essential fatty acid, as the region accounts for a relatively higher share in terms of production.

By Product

  • Omega-3 Fatty Acid
    • ALA
    • DHA
    • EPA
  • Omega-6 Fatty Acid
    • LA
    • ARA
  • Omega-7 Fatty Acid
  • Omega-9 Fatty Acid

By Application

  • Dietary Supplement
  • Infant Formula
  • Pharmaceutical
  • Food and Beverages
  • Animal Food and Feed
  • Cosmetics

By Source

  • Marine
    • Algal and Fungus Oil
    • Fish Oil
    • Krill Oil
  • Plant
    • Chia Seed Oil
    • Flax Seed Oil
    • Others
  • Dairy Products

By Form

  • Oil
  • Syrup
  • Powder
  • Others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Eco Flooring Market is set to grow at a CAGR of ~3.4% from 2022 to 2032

The global eco flooring market is estimated to expand at a CAGR of over ~3.4% throughout the forecast period of 2022-2032. It is set to be valued at US$ 117.9 Bn by the end of 2032. Eco-friendly flooring is produced with a sense of moral obligation to the environment from renewable resources sourced from managed forests. These require less energy to produce, use, and dispose of the wood, and carbon dioxide emissions are kept to a minimum.

Such flooring is highly sought-after in the North America and Europe markets. Demand for eco-friendly flooring products like wood, bamboo, and glass tiles has significantly increased as a result of growing awareness about global warming and other environmental factors.

As per the National Oceanic and Atmospheric Administration (NOAA), 2021 was the sixth-warmest year on record. The surface temperature in the same year 0.84 °Celsius warmer than the twentieth-century average of 13.9 °C and 1.04 ˚C warmer than the pre-industrial period. Thus, governments of various countries are conducting awareness programs to educate the masses about global warming prevention.

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Furthermore, firms are nowadays selling high-quality eco flooring products in a number of sizes. They are also embracing different patterns of eco flooring products based on the needs of customers, which would improve the interior of home. Also, these products are considered to be very safe as they are mainly manufactured from natural raw materials.

In November 2021, for instance, LL Flooring, launched its exclusive Duravana hybrid resilient flooring. It is an entirely new category, eco-friendly, and a stylish flooring that blends the best characteristics of conventional flooring with innovative technologies to develop premium performance floors. Similar product launches by renowned companies are anticipated to bode well for the market.

However, eco flooring has a small market and is at the nascent stage in emerging and underdeveloped countries. One of the factors limiting expansion of the eco flooring market is lack of public awareness about such environmentally friendly flooring options. Availability of duplicate and cost-effective substitute products in the market is also expected to hamper growth.

Key Takeaways from the Eco Flooring Market Study

  • In terms of material type, wood is expected to remain at the forefront by generating the largest market share in the evaluation period.
  • By end use, the non-residential category is projected to lead the market owing to increasing construction of new commercial buildings such as hospitals and offices.
  • Among distribution channels, the online segment is likely to dominate the global market with the availability of multiple brands and cost-effective options.
  • The U.S. eco flooring market is predicted to grow at a CAGR of 2.5% in the next decade.
  • India eco flooring market is anticipated to expand at a CAGR of 3.4% in the forecast period.

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“Prominent players in the global eco flooring market have increased their research & development activities and are focusing on adding new environmentally friendly products to their portfolios. Some of the other companies are aiming to increase their customer base and expand their global footprint by engaging in mergers & acquisitions,” says a FMI analyst.

Competitive Landscape

Leading producers of eco flooring products are concentrating on various promotional strategies. They are offering their products to several builders, creating innovative advertisements, and launching new products to boost sales globally.

Armstrong World Industries, Inc., Gerflor Group, Mannington Mills Inc., BerryAlloc, Mohawk Industries, AHF Products, Beaulieu International Group, Nature Home Holding Company Limited, Provenza Floors Inc., and Somerset Hardwood Flooring among others are some of the significant companies in the eco flooring industry.

Get More Valuable Insights on Eco Flooring Market

Future Market Insights’ latest offering, which analyses the global eco flooring market objectively, presents historical demand data (from 2017 to 2021) and forecast for the years 2022 to 2032. The study provides insightful information on the eco flooring market based on the types of materials used (cork, wood, bamboo, linoleum, glass tiles, concreate, wool carpet, rubber and leather) end uses (residential and non-residential), price range (economy, mid-range, and premium), distribution channel (online and offline), and regions.

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About Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the consumer product industry, the team is happy to help with every business intelligence research and consulting requirement.

Eco Flooring Market Outlook by Category

By Material Type:

  • Cork
  • Wood
  • Bamboo
  • Linoleum
  • Glass Tiles
  • Concreate
  • Wool Carpet
  • Rubber
  • Leather

By End Use:

  • Residential
  • Non-Residential

By Price Range:

  • Economy
  • Mid –range
  • Premium

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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.

Contact:

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Food Certification Market: Reliable Market Size and Share Forecasts up to 2031 | AsureQuality Limited, Bureau Veritas

The food certification market will register healthy growth in 2021 with worldwide revenues projected to increase by 10.30% year over year. Future Market Insights (FMI) has forecast the food certification market to reach US$ 8.4 billion in 2021 backed by the rising demand for food certified products.

Food certifications demand is on the rise due to the increasing consumption of meat based products. Increased consumption have compelled the governing bodies to impose stricter norms for security and quality of food products. This, in turn, have spurred the growth of food certification market.

Rising per capita income and rapid economic growth in developing countries like India and China are driving the food industry. This coupled with increasing penetration of retail food chains and services will positively influence the market growth over the forecast period.

Food producers are increasingly offering certified products to gain the consumers trust. With rising awareness for food transparency and clean-label movement gaining momentum, impressive growth is on the cards.

As per FMI, Asia Pacific food certification market is expected to expand at the highest level due to the ever increasing demand for certified and halal-certified food products, especially in India.

Alongside this, key player are adopting winning strategies such as mergers and acquisition to generate lucrative revenues. This will also positively affect the market. According to the report, rising awareness about certified food products will propel the market growth in the upcoming decade.

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Key Takeaways from FMI’s Food Certification Market Study

  • Increasing consumption of processed food across the globe has spurred growth in the market. In terms of application, the meat segment will hold lion’s share in the global food certification market.
  • ISO 22000 and free-from certification type, collectively, are anticipated to dominate the market.
  • India is likely to emerge as a lucrative market due to the advent of multi-domestic food services and growing demand for halal food products.
  • Growing cases of foodborne diseases in the U.S are likely to spur the growth, bolstering the demand of food certification in the country.
  • China, Japan, and South Korea are expected to witness positive growth backed by the rising need for meat processed food certification.
  • Muslim countries in the Middle East will spur the market growth owing to the increased demand of kosher and halal certified food products.

“Key players are capitalizing on increasing demand for clean-label certification and halal food. Strong distribution networks with food supply chain will create lucrative opportunities for the key players,” says the FMI analyst.

Who is Winning?

Major players include Intertek Group PLC, Llyod’s Register Group Limited, AsureQuality Limited, Bureau Veritas, DEKRA SE, DNV GL, Eurofins Scientific, SGS SA, TÜV SÜD, and Underwriters Laboratories Inc.

Mergers and acquisition remains popular strategy adopted by key players to maintain their strong foothold in the industry. Top players including Intertek Group, SGS SA, Bureau Veritas SA, Eurofins Scientific, and ALS Limited account for nearly 45% of global market share.

Strong manufacturing facilities coupled with strong distribution networks will aid the revenue generation for these market players.

For instance, in September 2020, leading player Intertek Group PLC announced the partnership with Roquette to launch a new audit program for safer food supply chain through their audit practices.

In the same month, ALS announced the expansion of its company’s testing and certification services through including its new food laboratory under the American Association for Laboratory Accreditation (A2LA) satellite program.

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Get Valuable Insights on the Food Certification Market

By Type:

  • BRC Food
  • IFS Food
  • ISO 22000
  • FSSC 22000
  • HACCP
  • Global GAP
  • Organic
  • Kosher
  • Halal
  • Others

By Application Type:

  • Bakery & Confectionery
  • Dairy Products
  • Processed & Packaged Food
  • Infant Food
  • Alcoholic & Non-alcoholic Beverages
  • Functional Food
  • Meat & Poultry Products
  • Seafood

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Docking Station Market is Projected to Expand Steadily at a CAGR 6.4% Value, During the Forecast Period 2022-2032

The docking station market is expected to grow at a value of 6.4% CAGR, according to Future Market Insights. In 2021, this market was predicted to have a global valuation of US$ 1,402 Million, and is expected to reach a sum of US$ 2800 Mn by 2032. A docking station is a type of electrical equipment used to connect portable computers or other electronic devices to other devices. It is widely used in a range of devices such as laptops, hard drives, mobile phones, and so on.

The docking station is built specifically for a model of product due to the presence of several types of connectors in the device. It has multiple slots for storage devices, mobile phone charging, and peripheral devices like printers and displays. Because of their less difficult wiring systems and innovative technology, consumers all over the world favor them.

The growing popularity of the Bring-Your-Own-Device (BYOD) workplace environment, which aims to reduce costs while increasing flexibility and efficiency, can be attributed to the industry’s growth. Furthermore, the rising demand for quicker data transmission is driving up demand for the aforementioned computing devices.

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People all over the world are increasingly turning to digital media for a number of purposes because it saves time and enables them to access information from any location, at any time. The increasing reliance on the digital economy will drive up demand for docking stations in the coming years.

However, bluetooth technological advancements, such as the introduction of mesh networking, may stymie the industry’s growth. Furthermore, the global brand awareness afforded by bluetooth technology is expected to assist the development of richer solutions with a shorter time to market, hence negatively impacting demand in the global market.

The North American market would be the most volatile market during the forecast period. The increased interest in e-sports among millennials and young people in the region is driving up demand for docking stations. These consumer trends are likely to drive up demand for PCs, laptops, and cellphones, as well as docking stations. Because of the quickly expanding IT sector in nations such as Canada and the United States, the widespread use of docking systems has expedited the regional market’s rapid expansion.

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Key Takeaways from the Market Study

  • In 2022, the global docking station market is estimated to have a global market size of US$ 1505.5 Mn.
  • By product, the laptops segment is expected to gain a 72% market share in 2022.
  • By connectivity, the wired segment is projected to acquire a global market valuation of 71.5% in 2022.
  • By distribution channel, the online segment will acquire 58.2% share in 2022.
  • The North American market for docking stations will expand with a market share of 37.8% in 2022.
  • The APAC docking station market is expected to grow with a 4.5% CAGR during the forecast period.
  • The European region is projected to grow with a 5.9% CAGR during 2022-2032.

Competitive Landscape

The leading companies in the sector compete aggressively, as several of them are top technology manufacturers and also deal in docking stations. These companies have a huge client base due to the availability of strong and comprehensive distribution networks to service both regional and international consumers. Because the majority of major firms have a global presence, they have a large impact on the market. Major corporations are striving to increase their global market presence by creating partnerships with existing distributors in new markets.

  • Lenovo provides a wide range of docking stations designed specifically for its Thinkpad line. Customers can benefit from improved interoperability on both USB-C and ThunderboltTM-enabled laptops thanks to Intel® ThunderboltTM technology embedded into these docking stations. They can boost productivity by connecting to several 4K panels with a single-cable docking solution for 40 Gbps high-speed data (max). The single cable can also be used to charge ThinkPad laptops (65W) and ThinkPad Mobile Workstation computers (170W).
  • In January 2022, ASUS introduced the Two 4K USB-C Dock, a brand-new and ultra-compact 5-in-1 docking station featuring dual 4K display outputs, 10 Gbps transfers over USB-C® and USB Type-A, 100-watt Power Delivery passthrough, and Gigabit Ethernet. The Dual 4K USB-C Dock, built as a successor to the well-known ASUS Mini Dock, provides improved battery life, more advanced display outputs, and quicker data transfer speeds, allowing busy modern professionals to connect and get to work quickly and easily.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global docking station market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

the study reveals essential insights on the basis of product (laptops, smartphones and tablets, others), of connectivity (wired and wireless), of distribution channel (online, offline) and region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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Essential Fatty Acids Market to reach US$ 10 Bn towards the end of 2027 | FMI

Significant health benefits and rapid adoption as a key ingredient for preparing infant formula, adult dietary and nutritional products is fueling the demand for essential fatty acids such as omega-3 and 6 across the globe. A recent study conducted by Future Market Insights (FMI) has revealed that the global market for essential fatty acids is set to witness an impressive CAGR of 9.5% in terms of revenue over the forecast period (2017-2027). During this ten years of the forecast, the dynamics of the market will be shaped by factors such as government policies and regulations, incessantly rising demand and improvement in supply chain management of essential fatty acids.

Future Market Insights’ report titled “Essential Fatty Acids Market: Global Industry Analysis and Opportunity Assessment, 2017-2027” currently values the market at over US$ 4072 Mn and anticipates it to reach US$ 10 Bn towards the end of 2027. While favourable government policies will keep encouraging higher productions of essential fatty acids, the demand for such products will also surge upwards on account of their increasing application in processed and convenience food. Considering the growing awareness amongst consumers about the health benefits of essential fatty acids based food products, use of such product in ready-to-eat or packaged food is expected to grow over the years to come.

As per the report, omega-3 fatty acids are the most popular type of essential fatty acids, which is found in abundance in aquatic beings such fish, shellfish, krill as well as in algae and few genetically engineered plant species. Companies that are based in regions such as Latin America, Japan and the Middle East and Africa (MEA) have a better access to good quality marine based raw materials, enabling them to produce the best quality essential fatty acids. BASF SE, FMC Corporation, The Dow Chemical Company, Koninklijke DSM NV, Enzymotec Ltd., Croda International Plc, Omega Protein Corporation, Aker BioMarine AS, Polaris Nutritional Lipids, Cargill, Incorporated are some of the leading market participants profiled in the FMI report.

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Key Highlights of the Report Include:

  • By 2027-end, the global production of omega-3 essential fatty acids is expected to reach a whopping 417,518 metric tons.
  • Around 97,384 metric tons of essential fatty acids is expected to be used for manufacturing of dietary supplements by the end of 2017.
  • On the basis of source, marine animals will continue to be a key source of essential fatty acids throughout the assessment period. In 2016, essential fatty acids extracted from marine source accounted for nearly 64.4% value share of the market.
  • In terms of value, essential fatty acids in the form of oil accounted for over 50% market share in 2016 end, followed by powdered essential fatty acids. In addition, close to 309,702 metric tons of oil-based essential fatty acids is expected produced by end of the forecast period.

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Among regions, Western Europe continues to be the global leader in terms of consumption of essential fatty acids. In 2017 and beyond, Western Europe will remain as one of the key destinations for market players. Meanwhile, North America will represent the largest market for essential fatty acid, as the region accounts for a relatively higher share in terms of production.

By Product

  • Omega-3 Fatty Acid
    • ALA
    • DHA
    • EPA
  • Omega-6 Fatty Acid
    • LA
    • ARA
  • Omega-7 Fatty Acid
  • Omega-9 Fatty Acid

By Application

  • Dietary Supplement
  • Infant Formula
  • Pharmaceutical
  • Food and Beverages
  • Animal Food and Feed
  • Cosmetics

By Source

  • Marine
    • Algal and Fungus Oil
    • Fish Oil
    • Krill Oil
  • Plant
    • Chia Seed Oil
    • Flax Seed Oil
    • Others
  • Dairy Products

By Form

  • Oil
  • Syrup
  • Powder
  • Others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Future Market Insights (FMI)

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

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Pet Water Dispenser Market is Projected to Reach US$ 258.4 Million by 2032

As per a recent market analysis by Future Market Insights (FMI), the pet water dispenser market is poised to reach a valuation of US$ 151.2 Mn in 2022. Sales are projected to increase at a 5.5% CAGR, with the market size reaching US$ 258.4 Mn by 2032.

Manufacturers are continuously flourishing towards developing innovative pet water dispensers which can be controlled using a smartphone or any Bluetooth device. Beijing Kitten & Puppy Technology Co. has designed the Pet X smart pet water dispenser. They applied the simplest animal behavior psychology in their product.

The smart pet X water dispenser allows access to the (IoT) and has a voice control feature as well, water frequency can be automatically controlled and can be switched off and on day and night using the Bluetooth device. The introduction of such smart pet water dispensers will create opportunities for growth in the market.

In general, a pet water dispenser benefits the pets and the pet owners in many ways— freshness, convenience, and improved health of pets. These are the major factors that are fuelling the demand for a pet water dispenser in the market.

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Key Takeaways:

  • Based on pet type, sales of water dispensers for dogs is will continue gaining traction.
  • In terms of sales channel, the E-commerce/online stores segment is anticipated to account for a dominant share in the market.
  • The U.S. will continue dominating the pet water dispenser market over the forecast period.
  • Demand for pet water dispensers in India is slated to increase at a considerable pace over the assessment period.

Competitive Landscape

Leading manufacturers of pet water dispenser products are focused on aggressive promotional strategies, advertisements, and new product launches to gain a competitive edge in the market.

Petmate, Radio Systems Corporation, Rolf C. Hagen Inc., Doggy Man, Coastal Pet, Critter Concepts, Gex Corporation, Torus Pet, Van Ness, K and H Pet Products, CatH2O, MOOREdoll, Pioneer Pet, and Petkit are some of the prominent players operating in the market.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet water dispenser market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032.

The study divulges compelling insights on the pet water dispenser market based on Material Type (Plastic, Wooden, Glass, Steel, Metal, and Others), By Animal Type (Dogs, Cats, Birds, and Others) Price Range (Mass, and Premium), By Sales Channel (Hypermarkets/Supermarket, Pet Specialty Stores, Multi-Brand Stores, Pet Care Stores, Online Retailers, and Other Sales Channel), & region.

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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.

Contact:

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Oral Antiseptics Market Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2028

The global oral antiseptics market is slated to be valued at US$ 2.47 Bn in 2022. Sales of oral antiseptics are predicted to increase at a CAGR of 4.7% from 2022 to 2028 and reach a valuation of US$ 3.24 Bn by 2028.

Escalating use of oral antiseptics and mouthwash, growing availability of new as well as niche products in the oral antiseptics category, and diverse price range will remain the key push factors propelling revenue growth of the oral antiseptics market.

Increasing recommendations from general dental practitioners, solo and group practitioners, and dental research laboratories, strongly backed by effective marketing strategies adopted by regional and global brands is contributing heavily to steady expansion of oral antiseptics market

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Three out of 10 Europeans prefer oral antiseptics over mouthwash. While Europe has been providing the largest consumer base to oral antiseptics market players, increasing per capita consumption has been projected for the East Asian and North American consumer base.

A majority of sales of oral antiseptics, i.e. over 42%, is concentrated in supermarkets/hypermarkets. However, FMI foresees a progressing demand scenario developing in the drug stores category in coming years.

Herbal oral antiseptics to rise on the back of chemical-based products

Cetylpyridinium chloride-based oral antiseptics, the bestseller over the years, will maintain a dominant value share in the market. While almost 75% of the total sales is accounted by Cetylpyridinium chloride-based oral antiseptics, a negligible share is currently contributed by the herbal segment. However, herbals are likely to emerge attractive in the long run.

In line with the concerns related to possible discomfort and side effects of strong oral antiseptics that typically include alcohol and a few other chemical components, herbal products are launched in oral antiseptics market as a milder and safer alternative to chemical-based oral antiseptics.

FMI opines that alcohol-free, organic, and Ayurvedic products will particularly witness strong demand in the herbal oral antiseptics category. Relatively low competitiveness of the herbal segment operated by a lesser number of players is expected to create scope of growth for oral antiseptics market.

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A visibly rising trend of strategic collaborations between major brands in oral antiseptics space is translating into an expanded consumer base of collaborating entities. The report further states that mergers and acquisitions are not only limited to industry giants but also involve a large number of regional players that are potential acquisitions candidates for MNCs.

This according to the report will result in a more consolidated competition landscape in the global oral antiseptics market.

Within the course of past two years, Henry Schein Inc. has accomplished eight acquisition deals traversing multiple verticals in the dental healthcare realm.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Psoriatic Arthritis (PsA) Treatment Market Segmentation, Size, Share, Trends, Size, Share, Regional Analysis by Key Players

The Psoriatic Arthritis (PsA) Treatment Market is expected to register 7.1% CAGR between 2022 and 2028, up from 6.7% CAGR recorded during 2013-2021, predicts Future Market Insights. Sales in the global Psoriatic Arthritis (PsA) Treatment Market are slated to top US$ 10.3 Bn in 2022. Expanding at a healthy 7.1% CAGR, the market size is projected to total US$ 15.6 Bn by 2028.

Nearly 70% of the psoriasis patient population is prone to psoriatic arthritis, and up to 20% of arthritis patients are susceptible to acquire psoriasis, according to the recent findings of the Arthritis Foundation.

Industry Behemoths Cover More than 55% Market Value Share

In a fairly consolidated global landscape of psoriatic arthritis treatment market, more than 55% share of the total revenue is accounted by industry giants such as Novartis AG and AbbVie Inc. that include biologics in their core portfolio. While market leaders are maintaining focus on FDA approvals and clinical trials, research also points to the increasing importance of diverse pricing strategies.

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Moreover, prominent players in psoriatic arthritis treatment market are likely to augment investments in R&D of biosimilars, biologics, and TNF (tumor necrosis factor) inhibitors to target regional markets. A number of leading drug manufacturers are also maintaining sizable investments in DMARDs that are scheduled for market entry in next few years. This is perceived as a strong factor improving growth prospects of psoriatic arthritis treatment market, according to the report.

Besides all these, strategic acquisitions, partnerships, and collaborations will remain the preferred expansion strategies adopted by a majority of prominent operators in psoriatic arthritis treatment landscape,” says a senior research analyst at the company.

Demand for Biologics & DMARDs Gaining Momentum

Research-driven understanding of the pathophysiology of psoriatic arthritis is fueling the introduction of innovative therapies in psoriatic arthritis treatment market, triggering innovations among the market participants – thereby supporting the growth of psoriatic arthritis treatment market. Targeted biological therapy has been demonstrating a decent success rate in terms of inducing temporary pain relief resultant of psoriatic arthritis, and thus continues to represent an attractive position in the psoriatic arthritis treatment market.

The report says that the demand for biologics accounts for more than 55% share of the global market revenue, whereas DMARDs demand makes up for more than 3/4th of the total market value. Although a majority of psoriatic arthritis patients opt for injectable as a preferred route of administration of psoriatic arthritis treatment, increasing introduction of innovative oral drugs is uplifting the popularity of orally administered psoriatic arthritis treatment.

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Development of novel oral treatments for psoriatic arthritis is likely to favor the growth of North America’s market. Growing availability of combination therapies and relatively economical biosimilar antibody therapeutics are identified to be the primary boosters for the growth of Europe’s market. Collectively, North America and Europe account for over 60% share in the global value of psoriatic arthritis treatment market. The report indicates that the psoriatic arthritis market in Asia Pacific is likely to display high growth potential in the course of next few years.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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Advanced Wound Management Market Insight, Share, Competitive Analysis, Regional Forecast To 2031

With increasing incidence of chronic wounds globally, Future Market Insights (FMI) projects the advanced wound management market to exceed US$ 6.5 Bn between 2021-2031.

In 2020, the unprecedented COVID-19 outbreak dampened sales in the advanced wound management market. However, with recovery of research and development initiatives focusing on solutions for optimal wound care, demand in the advanced wound management market will rise at a steady pace during the assessment period.

Incorporation of biomaterials such as alginates and silver in topical wound healing treatments will further drive sales. These developments are encouraging key market players to innovate effective advanced wound healing solutions.

Product developments in advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on cards. Apart from these products, emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in counties including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management market.

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Key Takeaways from the Advanced Wound Management Market Analysis

  • Advanced wound dressing is anticipated to dominate the product segment.
  • Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
  • Hospitals, followed by clinics are expected to account for maximum market sales.
  • The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
  • The U.K. will emerge as a lucrative market with rapid product developments by leading players.
  • China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
  • Advanced wound management market in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4th of the market share.

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Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

  • In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
  • In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

LinkedIn| Twitter| Blogs