Microbial Lipase Market Boosting the Growth Worldwide: Market Dynamics and Trends, Efficiencies Forecast 2032

The microbial lipase market is estimated to be USD 535.0 Million in 2022. It is projected to reach USD 990.2 Million by 2032, growing at a CAGR of 6.8% from 2022, in terms of value.

Lipases are very versatile microbial enzymes and have compelled the attention of several industrial processes. Lipases can be achieved from several sources, fungi, bacteria, other microbes, animals, and vegetables. Microbial Lipases held the largest market share of around 62% among the sources of lipases.

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Microbial lipase catalyzes the hydrolysis of long-chain triglycerides. The microbial sources of lipase enzymes are logically dynamic and proficient and also have an extensive range of industrial uses with the manufacturing of altered molecules.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the microbial lipase market. Some of these are:

  • The estimated value of the market was at US$ 510 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Microbial lipase industry is dominated Asia Pacific.
  • The emergence of leading global microbial lipase producers and the increase in the adoption of lipase enzymes are increasing demand for microbial lipases in the Asia Pacific area.
  • It is estimated that the powder type of microbial lipases dominates the market for microbial lipase, as consumers prefer.
  • Due to their numerous applications in a wide range of food processes, the demand for lipase, especially from microbial sources, is expected to show significant growth in the near future.
  • In terms of form, the liquid segment emerged dominant and is likely to continue leading the market through the course of the forecast period.

COVID-19 Outbreak will Impact Growth of the Market

The lockdown due to corona outbreak might severely impact the supply side of the microbial lipase market. It may also affect the production and distribution of their goods and services. After the lockdown is lifted, there is a quite possibility that there will be an increase in sales which will be met through existing inventories of the companies in the microbial market.

Growing population along with increasing economic standards has led to increased spending on food services. Like the aforementioned forecasts, however, the market could head to harsh waters.

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Who is Winning?

The key players operating in the global microbial lipase market are DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). There are some new developments in the industry that will generate specific opportunities for the microbial lipase manufacturers.

Furthermore, mergers and acquisitions continue to be a common strategy among market players. With strategic alliances companies plan to increase their global footprint.

MICROBIAL LIPASE MARKET TAXONOMY

The global Microbial Lipase market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Source :

  • Fungi
  • Bacteria
  • Yeast

By Form :

  • Liquid
  • Powder

By Application :

  • Cleaning Agents
  • Animal Feed
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Others

By Region :

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

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Lecithin Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2031

Soy and egg yolk are considered to be the most common sources of lecithin. Major soybean-producing countries such as the United States, India, Brazil, and others have plenty of raw materials for lecithin producers.

Varied end user industries are displaying increased demand for naturally-derived lecithin. Manufacturers are focused on broadening their product portfolio, and increasing their R&D spending to introduce new products. According to FMI’s analysis, the global Lecithin Market reached a size of over US$ 1.1 billion in 2021. The market is further projected to expand at a CAGR of 6.7% over the forecast period of 2021-2031.

The consumer understanding of healthier lifestyles, and the demand for convenience foods, functional foods, and beverages is driving the lecithin market. The industry is also expected to benefit from the increasing demand for organic food products. With customers looking for food choices that promote weight loss and resolve calorie concerns, the lecithin market in developing countries is expected to grow significantly.

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With emulsifier applications, lecithin prevents different interactions between fats and oils and other ingredients. Lecithin finds roles in boosting cardiac health, lowering cholesterol, and improving brain function pathways, among others. Further, choline derived from lecithin can help people with Alzheimer’s disease enhance their cognitive function.

Egg lecithin is widely used in the pharmaceutical and cosmetic industries. It is considered safe for use by the FDA. As a result, the widespread use of lecithin in the pharmaceutical industry would also fuel global demand for lecithin.

Lecithin has also proven to display a number of skincare benefits, including colour and texture of the skin. High levels of antioxidants and natural moisturiser characteristics drive incorporation in a variety of cosmetic products.

Key Takeaways from Lecithin Market Study

  • Soy-based lecithin will account for major market share owing to an abundance availability of soy as raw material
  • Food processing applications will reflect strong growth owing to scope of multiple processes in the sector
  • Lecithin demand to surge in America, enabling the U.S. account for over 75% of sales in 2021
  • The U.K. emerges as key lecithin market in Europe, exhibiting 3.7% y-o-y growth in 2021
  • Increasing focus on natural ingredients, especially in food, cosmetics, and pharmaceutical industries will fuel demand in Germany and France
  • China will emerge as a lucrative market in East Asia owing to high soy production and consumption

“Several manufacturers are responding to the growing demand for lecithin by developing new, high-quality products for a wider consumer demographic. Major players invest heavily in research and development efforts, resulting in the influx of new offerings in recent years, all of which have increased sales,” – said a lead analyst at FMI

Application of Lecithin in Pharmaceuticals Opens Niche Opportunities

The growing use of lecithin in pharmaceutical companies has created a huge market for associated products. The pharmaceutical industry is seeing a rise in the use of phospholipid, which is a key component of fractionated and highly purified lecithin.

It is valued for its use as a scientific excipient in the manufacture of pharmaceuticals. The natural phospholipid is favoured over synthetic alternatives owing to ease of use, low cost, and regulatory acceptance. Because of the nutritional benefits associated with lecithin, it is used in protein supplements and infant formulas.

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Who is winning?

Some of the key players operating in the Lecithin market are, Lecio Gmbh, Archer Daniels Midland Company, VAV Life science Pvt. Ltd., Sonic Biochem, American Chemie Inc., Americal Lecithin Company, Fishmer Lecithin, Lasenor Emul, Sodrugestvo Group, Kewpie Corporation and other players.

Strengthening partnerships in high growth regions and product innovation to meet evolving consumer demand for natural and plant-based ingredients in food products are factors boosting demand in the lecithin market.

Leading players in the lecithin market are focused largely on widening their product portfolios in addition to seeking strategic partnerships for regional production and distribution objectives by market leaders.

Get Valuable Insights into Lecithin Market

Future Market Insights, in its new report, presents an unbiased analysis of the Lecithin, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the Lecithin Market based on product type, has been classified into Fluid, De-oiled, Modified. Based on the source, the Lecithin market is segmented into Soy, Sunflower, Rapeseed, Egg and Others. In terms, the application has been classified Food, Pharmaceuticals, Cosmetics, Animal Feed, Nutraceuticals and Others. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

Lecithin Market by Category

Based on Product Type, the global lecithin market can be segmented as:

  • Fluid Lecithin
  • De-oiled Lecithin
  • Modified Lecithin

Based on Source, the global lecithin market can be segmented as:

  • Soy Lecithin
  • Sunflower Lecithin
  • Rapeseed Lecithin
  • Egg Lecithin
  • Others

Based on Application, the global lecithin market can be segmented as:

  • Food
  • Pharmaceuticals
  • Cosmetics
  • Animal Feed
  • Nutraceuticals
  • Others

Based on Region, the global lecithin market can be segmented as:

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

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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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Pharmaceutical Caps and Closures Market is projected to reach US$ 4 Billion by 2032

[434 Pages] According to Future Market Insights (FMI), the demand for pharmaceutical caps and closures is expected to rise considerably, enabling the market to surpass US$ 2.27 Bn in valuation by the end of 2021.

Continuous advancements in research and development for drug supplements is a key factor speeding up packaging innovations. Advanced technologies used in packaging primarily focus on ensuring stability of drugs during storage, shipment, and delivery.

In the coming years, the rising cases of chronic disease will support the expansion of the market. The role of smart packaging for medication is increasing to offer greater precision of administered medication, which directly affects patient compliance. This will influence the adoption of cost-effective yet advanced packaging solutions among manufacturers.

The pharmaceutical caps and closures market will therefore register adoption of digital manufacturing. This technology offers high quality caps and closure, with minimal time and cost requirements.

Focus on reducing product damage by user has encouraged inventors to introduce multi-dose delivery caps. The product’s user can remove fluid from the vial by interfacing a needle to the cap. The smart cap ensures that leftover fluid is clean.

In the past few years, environmental awareness among consumers has increased the need for sustainable packaging. In pharmaceutical packaging, the primary concern is product stability.

The demand for reducing the risk of cross contamination of product drives the use of biodegradable material in caps and closures. Also, waste product management is a key concern. Environmentally-friendly material produce lesser waste and are also recyclable.

Despite this, plastics remain the preferred material for manufacturing caps and closures. Plastic use in the market is expected to rise at 6.4% as producers aim for greater flexibility.

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Key Takeaways from Pharmaceutical caps and closures Services Market Study

  • Despite restricted growth amid COVID-19, the demand for pharmaceutical caps and closures is expected to rise at nearly 5% CAGR in 2021.
  • Increasing focus on light weight packaging is driving a transition towards resin-based packaging material.
  • The U.K. and Germany are leading markets in Europe, accounting for more than 26% and 17% of the Europe market respectively in 2021
  • The U.S. will account for a dominant share of 89% in the North America market through the forecast period.
  • China is the largest and fastest growing market in East Asia, exhibiting 8% CAGR through 2031.

“Increasing demand for smart and safe packaging solutions for pharmaceuticals, besides favorable reimbursement policies will offer lucrative growth opportunities for pharmaceutical caps and closure manufacturers through the assessment period in 2031,” says the FMI analyst.

Increase in Funding for Research Activities Offers Growth Opportunities

Leading manufacturers in the pharmaceutical caps and closures market are strengthening their market position through collaboration with various other organizations. Governments in developed and developing countries are actively taking initiatives to encourage research pharmaceutical packaging products.

For instance, Voltaren “No Mess” applicator from GSK Consumer Health was co-developed with Neopac and Nypro Healthcare.

Big drug producers are expected to benefit from the globalization of labor forces, that is, employment of skilled local labor at cheaper rates to derive larger cost savings. Furthermore, this will create room for research and development (R&D) investments.

As per data from EFPIA and PhRMA, annual pharmaceutical (R&D) expenditures increased at 2.5% p.a. in Europe as compared to 3.3% p.a. in the U.S. over the latest measurable period 2016-2020. This will also create opportunities for the expansion of the market.

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Who is winning?

The global market is set to expand due to the rising prevalence of chronic diseases. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

Some of the leading players in the pharmaceutical caps and closures market include but are not limited to Berry Global Inc., Amcor Plc, Aptar Inc., Closure Systems International Inc., O.Berk Company LLC, Bericap GmbH and Co KG, UNITED CAPS, CL Smith Company, Georg MENSHEN GmbH & Co. KG, WestRock Company, West Pharmaceutical Services Inc., Drug Plastics and Glass Co Inc., Gerresheimer AG, DWK Life Sciences GmbH, Parekhplast India Limited, and Parshva Exim Limited.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global pharmaceutical caps and closures market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the pharmaceutical caps and closures treatment market on basis of the main indication in detail, cover every aspect of the market such as product type, molecule type, application, and service provider across seven major regions.

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Phramacutical caps and Closures Services Market by Category

Product type

  • Screw Caps & Closure
  • Snap Caps & Closure
  • Push-Pull Caps & Closure
  • Stopper & Seals
  • Others

Functionality

  • Child Resistant
  • Tamper-evident

Material type

  • Plastic
  • Elastomer
  • Metal

Avalability

  • Prescription (Rx) Pharmaceuticals
  • “Over-the-Counter (OTC) Pharmaceuticals”

Drug Modality

  • Small Molecule (Synthetic Drugs)
  • Biopharmaceuticals

Therapeutic class

  • Anticancer Drugs
  • Anti-infective Drugs
  • Anti-viral Drugs
  • Anti-bacterial Drugs
  • Anti-fungal Drugs
  • Others
  • Cardiovascular Drugs
  • Anti-inflammatory Drugs
  • Analgesics Drugs
  • Anti-diabetics
  • Ophthalmic Drugs
  • Neurological Drugs
  • Others

End Users

  • Pharmaceutical & Biotechnology Companies
  • Contract Manufacturing  Organizations (CMO)
  • Contract Research Organizations (CRO)
  • Academic & Research Institutes

Region

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

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 9-years.

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Sterilants Market Key Players : Cantel Medical Corporation, Evonik Industries AG, 3M Company, Steris Plc.

Sterilants sales will continue rising as focus on maintaining a clean and hygienic environment increases to prevent the spread of infections. Future Market Insights in a new study has predicted the sterilants market to reach US$ 2.31 Bn by 2021. Sterilants are chemical agents that destroy (or irreversibly inactivate) bacteria, fungi, and viruses, including their spores. They are also known as sporicides or sterilizers.

The sterilants market is expected to grow significantly in terms of revenue over the forecast period owing to the rising incidence of infectious disease transmission and surging demand for compatible sterilants. Among products available, the demand for ethylene oxide (EtO) is expected to remain considerably high. It is expected to account for over one-fourth sales in the market.

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Demand for sterilants is poised to surge especially amid the COVID-19 outbreak. Consecutive waves of the pandemic has put hospitals and healthcare clinics under pressure to efficiently manage a rising footfall of patients. While the healthcare sector is pulling up the sleeves to contain the soaring number of cases infected with the virus, focus on maintaining a clean and hygienic environment is rising as well.

Healthcare organizations are adopting various policies to respond to the pandemic, one of them being increasing investment in sanitization and sterilants to prevent the risk of infection. Consequently, despite supply chain disruptions witnessed amid the crisis, the demand for sterilants will continue rising.

Key Takeaways from Sterilants Market Study

  • Global sterilants market is estimated to rise at a CAGR of 5.9% during the forecast period (2021-2031)
  • Presence of a sophisticated healthcare infrastructure and willingness to spend on health and hygiene will support sales in the U.S., which will account for 88% of the North America market in 2021
  • Despite ongoing restriction to contain pandemic, the U.K. market will continue rising. In 2021 it is expected to register 4.3% y-o-y growth
  • Expansion of the healthcare sector will creative conducive environment for growth in India
  • Rising disposable income and favorable insurance policies will support the expansion of sterilants market in China

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 “Competition in the sterilants market is rising. Consequently the existing market players are likelier to focus on expansion strategies besides product launches. Some of them are entering into strategic collaborations will other companies,” says the FMI Analyst.

Development of Effective and Compatible Sterilants to Meet the End Users’ Demand is A Key Strategy for Sterilants Market Players

The leading manufacturers are focusing on research and development to develop effective and compatible sterilants that can meet the end users’ demand. The current pandemic outbreak and the growing global demand for multifunctional sterilizing products have led the manufacturers to increase their research efforts and expand their product portfolio through innovative product launches. For instance, in 2020, in response to the pandemic situation of the coronavirus outbreak, Lanxess launched a high-level disinfectant named Rely+On Virkon.

Key Participant Insights

Some of the companies covered by FMI include 3M Company, Steris Plc., Cantel Medical Corporation, Evonik Industries AG, Arkema S.A., Thor Group, Metrex Research, LLC, Ecolab Inc., Solvay SA, LANXESS, Contec, Inc., OZU Corporation, Cetylite, Inc., Veltek Associates, Inc., Whiteley Corporation, Gul Biyoloji Laboratuvari, and others. These players are consolidating their positions through mergers, acquisitions and new product launches.  Besides this they are adopting various strategies to consolidate their market share.

For instance, in 2021, Steris Plc acquired Cantel, a global provider of infection prevention products and services primarily for endoscopy and dental customers, by entering into a definitive agreement through a U.S. subsidiary.

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Want More Insights?

Future Market Insights (FMI) brings a comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global sterilants market is segmented in detail to cover every aspect of the market and present a complete market intelligence report to the reader. The study provides compelling insights on the sterilants market on basis of product type such as ethylene oxide (EtO), glutaraldehyde, hydrogen peroxide gas plasma (HPGP), vaporized hydrogen peroxide, immersion and vapor phase peracetic acid and others. Based on form, sterilants are segmented into liquids and sprays. Based on end-users, the market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic laboratories, reference laboratories, rehabilitation centers, long-term care centers, critical care centers, pharmaceutical & biotechnology companies, academics and research institutes and homecare settings.

Sterilants Market by Category

Product

  • Ethylene Oxide (EtO)
  • Glutaraldehyde
  • Hydrogen Peroxide Gas Plasma (HPGP)
  • Vaporized Hydrogen Peroxide
  • Immersion and Vapor Phase Peracetic Acid
  • Others

Form

  • Liquid
  • Spray

End-user

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Reference Laboratories
  • Rehabilitation Centers
  • Long Term Care Centers
  • Critical Care Centers
  • Pharmaceutical & Biotechnology Companies
  • Academics and Research Institutes
  • Homecare Settings

About FMI:

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

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Nasal Spray Market be valued at more than US$ 3.21 Billion by 2030 | FMI

[250 Pages Report] Future Market Insights (FMI) has forecast positive outlook for the nasal spray market in a recent study. The rising cases of allergic rhinitis and the demand for better accuracy in drug delivery are identified as chief growth drivers. Growth is expected to remain bullish as various countries showcase high healthcare spending.

Nasal Spray Market is expected to expand at a moderate CAGR of over 6.1% over the next ten years, and be valued at more than US$ 3.21 Bn by 2030-end. As per product, the demand for nasal steroid spray will remain considerably high, accounting for the leading share in the market though the course of the forecast period.

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According to a study by the Research and Development (RAND) Review blog published in 2017, nearly 60% of Americans have at least one chronic health condition, which often results in accelerating healthcare spending each year. With the incidence of chronic ailments and resultant spending on healthcare projected to spur, nasal sprays market will have positive growth on cards.

As per the report, the market’s overall valuation is likely to surpass US$ 15 Bn by 2021. Growth will continue at a positive rate, thanks to recent approvals to nasal migraine and hormonal therapies.

Among products available, nasal steroid spray will prove exceptionally lucrative, accounting for over 42% of sales in the market. Besides their improving availability, potential to offer relief from nasal allergies and  hay fever will drive growth in the category

Key Players:

  • Astra Zeneca  Plc.
  • Cipla Ltd.
  • Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited)
  • Glaxosmithkline Plc.
  • Novartis International AG
  • Procter & Gamble
  • Sanofi S.A. (Sanofi-aventis LLC.)
  • Boehringer Ingelheim GmbH
  • AdvaCare Pharma
  • Bayer AG (Bayer Consumer Health
  • Covis Pharma S.a.r.l.
  • Nipro Corporation (NIPRO JMI Pharma Ltd.)
  • Viatris Inc. (Meda Pharmaceuticals Inc.)
  • Perrigo Company plc
  • AptarGroup, Inc.
  • Berry Global, Inc.
  • URSATEC GmbH
  • Gerresheimer AG
  • Bona
  • Avantor, VWR International, LLC
  • Spectrum Laboratory Products, Inc.  (Spectrum Pharmacy Products)
  • SKS Bottle & Packaging, Inc.
  • Coster Tecnologie Speciali S.p.A

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Key Takeaways from Nasal Spray Market Study   

  • Rising at above 6% CAGR between 2021 and 2031, nasal sprays market will report consistent surge in demand
  • The market in the U.S. is projected to a fast-growing one, accounting for more than 90% share in the North America market
  • Government spending on healthcare has created a conducive environment for growth in the U.K.
  • Germany will emerge as a leading market for nasal sprays sales in Europe backed by increasing healthcare spending and presence of leading manufacturers
  • Focus on health and wellness will continue rising in Japan and South Korea, driving nasal spray sales in East Asia

Government Initiatives toward Nasal Spray Consumption

Governmental support for ongoing clinical research, consumption of Nasal Spray, and restricting misuse have favoured growth in demand for Nasal Spray. For instance, there has been a call for rise in production capacity of budesonide nasal spray which shortens COVID19 recovery time.

Since, nasal sprays are also used for depression patients, the market is likely to grow highly.

Who is Winning?

Nasal spray manufacturers with patented drugs are successfully allocating their distribution rights to local companies that are operational in the pain management business. This strategy provides momentum to the growth of these companies’ business, owing to strong demand for generic drugs.

For instance, In November 2019, Sandoz announced that it has entered into a binding agreement for the planned acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited.

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Nasal Spray Market by Category

Product

  • Decongestant Sprays
  • Nasal Steroid Sprays
  • Nasal Antihistamine Sprays
  • Nasal Cromolyn Sodium Sprays
  • Nasal Anticholinergic Sprays
  • Nasal Triamcinolone Sprays

Formulation

  • Aqueous
  • Hydroalcoholic
  • Nonaqueous-Based Solution
  • Suspension
  • Emulsions
  • Dry Powder/Micro particles

Packaging

  • Pressurized Canisters
  • Pump Bottles

 Distribution Channel

  • Institutional Sales
    • Hospitals
    • Community Clinics
    • Specialty Clinics
    • Public Health Agencies
    • Veterinary Hospitals & Clinics
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Mail Order Pharmacy

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

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Dental Tourism Market is expected to reach a valuation of US$ 6.7 Billion in 2022

The global dental tourism market is primarily driven by increasing cases of dental defects and an increasing preference for cosmetic dentistry worldwide. Lower treatment price and better service in dental treatment abroad, long waiting times at home for dental treatment can stimulate the growth of the market in the near future. Dentist malpractice is likely to hold back the market during the forecast period.

The global dental tourism market is expected to reach a valuation of US$ 6.7 bn in 2022, with sales growth of a 13.6% CAGR during the forecast period. Rapid adoption of technologically advanced medical devices in emerging economies will drive the growth in the market, with the market size reaching € 24.3 bn by 2032.

Rising costs of health care and dental services in developed countries are forcing consumers to adopt dental tourism. This trend is driven by the lack of insurance coverage for major elective dental surgery procedures in several countries.

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In addition, treatment costs in countries such as India, Thailand and China are relatively lower than in the countries of North America and Europe. This reflects an increase in dental tourism from Europe and North America to emerging economies. Obtaining a medical visa for such procedures is comparatively faster and easier, thereby facilitating the flow of patients abroad for treatment.

Promotional strategies such as the launch of online campaigns showcasing cost-effective services from healthcare facilities are contributing to the growth of the market. Providing undivided attention to healthcare and providing affordable accommodation sparks consumer interest in adopting attractive medical-tourism packages, identifying both treatment and recreational choices.

With increasing lifestyle-related diseases and unhealthy dietary intake, the incidence of dental disease is increasing. High prevalence of diseases such as dental caries has led to a spike in dental restoration procedures. Thus, the increasing burden of dental abnormalities is propelling the interest in cosmetic dentistry, creating growth opportunities in the market.

“Increasing adoption of technologically advanced medical devices in emerging economies, along with increasing government-backed investment in the The development of healthcare infrastructure in these countries is expected to drive the market in the coming years,” said an FMI analyst.

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Key learning points:

  • On a services basis, revenue in the dental cosmetics segment will grow at a robust CAGR of 18.1% through 2032.
  • In terms of providers, the hospital chain segment is expected to account for 47.2% of the total market share by 2022.
  • India will emerge as a lucrative pocket, accounting for 53.9% of the dental tourism market share in South Asia by 2022.
  • What are some of the core competencies and differentiating competencies of new entrants and established players in the industry that we analyze?
  • What are some of the brand opportunities that are developing at a rapid pace?
  • What are the key competitive forces and elements of the external environment that determine the industry lifecycle stages of most organizations?
  • Why are some competitive strategies more popular than others among leaders in a particular market?
  • What customer-based brand value strategies have companies used in a particular industry or set of related industries in an industry?

Competition landscape

With the advancement in cosmetic dentistry, market players are striving to offer these services at affordable prices to gain a competitive advantage. They also invest in mergers, acquisitions and collaborations to expand their global presence. Other strategies include product and service promotions on social media and online channels, as well as partnerships with hospital chains.

Key Market Segments Covered in Dental Tourism Industry Research

By Tourist Type:

  • Domestic
  • International

By Dental Treatment Services:

  • Cosmetic dentistry services
  • Pediatric dental services
  • Periodontal treatments
  • Orthodontic services
  • Diagnostic and preventative dental services
  • Others

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By Traveller Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

By Age Group:

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

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Consumer Orientation:

  • Men
  • Women
  • Children

About FMI:

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

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Digestive Enzyme Supplements Market 2022 Assessment and Key Insights Analyzed Till 2032

The digestive enzymes market was valued at approximately USD 900 million in 2022, and it is expected to reach USD 1,600 million by 2032, registering a CAGR of 5% over the forecast period, 2022-2032.  According to the report, surging demand for dietary supplements among consumers in light of health concerns and awareness towards nutraceuticals is anticipated to aid in market expansion over the forecast period. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

Newly released data for Digestive Enzyme Supplement Market Analysis shows that global demand of overall Digestive Enzyme supplement market enjoyed year-on-year (YoY) growth of 5% in 2021.

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Revenues in the animal origin segment of the Digestive Enzyme Supplements Market grew a robust 4% year over year in 2021. Demand of animal origin segment increased 4% between 2020 and 2021, giving the combined Digestive Enzyme Supplements markets year-over-year growth of 5% in 2021, according to the FMI report titled

Some Important Points are:

  • The estimated value of the market was at US$ 1022 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • The market in North America is expected to dominate the global digestive enzymes supplements market.
  • Countries and world capital have been brought under tight lockdown due to Covid-19 outbreak, putting a complete halt to the large industrial chains. Investors worry that the virus ‘global spread will affect the global economy and demand even more.
  • The market in Asia-Pacific is expected to account for second-highest revenue share in market.
  • Key players are likely to focus on product innovations to stay relevant in developed markets.

Animal Origin Segment Captured the Largest Market Share in Origin

The animal origin sub-segment holds the largest market share in the origin segment and is expected to follow the same trend over the forecast period. The major factors that are responsible for the growth of the segment include the efficiency of these animal-derived enzymes in various diseases or conditions, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer. However, ethical issues associated with animal origin products in some consumers are expected to hamper the segment growth. In addition to this, the allergies and sensitivity of consumers to these animal origin products are also expected to hamper their market growth. The microbial enzyme, on the other hand, is expected to witness the fastest growth rate over the forecast period. This growth rate of the microbial origin products can be attributed to factors, such as low production cost and high enzymatic activity.

Who is Winning?

Some of the leading players operating in the digestive enzyme supplements market are Allergan PLC, Johnson & Johnson Inc., Amway Corporation, AbbVie Inc., and Biotics Research Corporation, among others.

The increasing innovation and rise in investment for various public and private organizations are expected to intensify the industry rivalry across the globe. The industry is highly competitive in nature owing to low product differentiation in the market. Large numbers of market players are present in the U.S. and Canada.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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Segmentation Analysis of Global Digestive Enzyme Supplements Market

The Global Digestive Enzyme Supplements Market can be segmented on the basis of Origin, Type, Application, and Geography.

By origin :

  • Animal
  • Plant
  • Microbial

By way of application :

  • Additional supplements
  • Medical & infant nutrition
  • Sports nutrition

By enzyme type :

  • Carbohydrase
  • Protease
  • Lipase
  • Other Enzyme Types

By Region :

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

Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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About Us

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Ethoxyquin Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2030

Future Market Insights (FMI) forecasts the ethoxyquin market to exhibit 3.5% CAGR between 2022 and 2030. Despite an overall positive outlook, FMI fears stunted growth amid ban imposed on ethoxyquin use in the EU.

Nonetheless, growth is expected to remain steady in North America, backed by FDA approval on ethoxyquin (EQ) use in specified limit. FMI offers an executive-level blueprint of the global ethoxyquin market in its latest report.

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It covers the factors market players could capitalize on to enjoy sustainable growth through the course of the forecast period. According to FMI, the market’s valuation stood at US$ 230 Mn in 2019.

The continued application of ethoxyquin in animal and fish feed stands as the chief market driver. As a preservative, it has proven high level of efficacy in preventing lipid peroxidation. Ethoxyquin is not intended for human consumption, however, it might be carried ahead by poultry or farmed fish.

FMI offers insights into some of the prevailing market trends. These include:

  • Until 2011 ethoxyquin was used as a pesticide, however, the market now mostly capitalizes on its antioxidant properties
  • Ethoxyquin is a registered antioxidant that can be used for controlling scald or browning in apples and pears
  • Fishmeal and aquaculture sectors outside the EU continue to use ethoxyquin to prevent fishmeal from lipid oxidation
  • In some countries, ethoxyquin is used to preserve color in rosemary and chili
  • Unprecedented COVID-19 outbreak may put a dent in growth prospects as fisheries struggle to keep up their operations amid lockdown orders
  • Pessimistic approaches, banning the use of ethoxyquin in the EU may push market players to scavenge for opportunities in East and South Asia

Market Players Invest in Researches Highlighting Potential Effects of Ethoxyquin as an Effective Preservative

Ethoxyquin is primarily used as antioxidant in canned pet food and in animal feed. It is a synthetic ingredient used as a preservative to prevent oxidative degradation in fat-soluble vitamins in animal feed.

It is also widely used in the fishmeal industry to prevent lipid oxidation in fish. Being highly unsaturated, fish oil has the tendency of autoxidizing. This could decrease their energy and nutritional value. Stabilizing polyunsaturated fatty acids and omega-6 present in fishmeal using ethoxyquin helps in preserving their fatty acid characteristics during storage and transportation.

Despite being as ubiquitous to the fishmeal and aquaculture sector as food stabilizers are to the food and beverages industry, claims suggesting their negative impact on human health are inhibiting the market’s trajectory. For instance, new regulations implemented in the EU bans the use of ethoxyquin in feed.

To counter this, several leading companies are investing in research and development to cite how ethoxyquin can prove to be a helpful and inexpensive preservative. Such initiatives might spur growth in the market in the coming years.

“In response to recent studies, several leading pet food manufacturers have voluntarily limited EQ concentration in pet foods to prevent possible side effects. Additionally, several companies are developing natural alternative to synthetic preservatives, which could hamper the market’s expansion to an extent,” revealed a lead analyst at FMI

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Who is Winning?

FMI profiles some of the leading companies operating in the market. These include Shanghai Fuda Fine Material Co. Ltd., Merck KGaA., Mitsui & Co. Ltd., Skystone Feed Co. Ltd., Kemin Industries Inc., Industrial Técnica Pecuaria S.A., Impextraco N.V., among others.

FMI observes immense focus on research and development to cite the benefits of EQ. Owing to the recent launches of natural alternatives, most leading companies are looking to strengthen their foothold via strategic collaborations.

ETHOXYQUIN MARKET TAXONOMY

The global Ethoxyquin Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Ethxyquin-95 Oil
  • Ethxyquin-66 Powder
  • Ethxyquin-33 Powder

Application

  • Pesticides
  • Pet Food Preservatives
  • Poultry Industry
  • Aquaculture Industry
  • Spice Color Preservatives
  • Industrial Application

Region

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

Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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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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Corn wet milling services market Scope of Current and Future Industry 2030

The global corn wet milling services market size is likely to expand considerably between 2020 and 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.6% CAGR during the course of the aforementioned forecast tenure. According to the report, the rising demand for multi-functionary corn will stoke growth in the market. The report offers in-depth insights into factors impacting the market’s growth trajectory. It therefore includes information on key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the refined forecasts on market.

The global corn wet milling services market was valued at above US$ 72 Bn in 2020. Rising at above 5% CAGR, the market is on path of a steady expansion between 2020 and 2030. Regionally, North America is expected dominate the market. However during the forecast period, Asia Pacific is likely to rise at a higher pace. In terms of application, the industrial sector will emerge as a key demand generator.

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Industrial, food and feed sectors are exhibiting high demand for multi-functionary corns. This is a chief driver of the corn wet milling services market. Studies reveal that there is a steady demand for dent corn for its high fructose value. As a result corn syrup derived from dent corns is in high demand in the food and beverages sector.

It includes in-depth insights into the corn wet milling services market. Some of these are:

  • The estimated value of the market was at US$ 72.1 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America emerged as a key market for corn wet milling.
  • Europe and Asia Pacific will remain steady as key markets for corn wet milling.
  • In terms of source, the market can be split between dent corn and waxy corn. Of these, dent corn segment likely holds the dominant share in the overall market.
  • On the basis of application, the industrial segment is forecast to show high growth over the coming years.

“While North America currently dominates the global market, Asia Pacific is projected to emerge as one of the most lucrative regions in the future. The increasing consumption of corn wet milling services products across diverse industries will drive the market in Asia Pacific,” said a lead analyst at FMI.

Rising Industrial Applications Bolster Growth Opportunities

Products derived from corn wet milling finds application across diverse industries, which FMI touts as a key factor enabling growth in the market. Studies reveal, pharmaceuticals, personal care, paper and textile are among key industries exhibiting demand for these products. Industrial corn starch is very useful in paper and textile industry since it is used for sizing, adhesion, and coating. Besides these, it is used in oil and gas drilling, mining, production of construction material and water filtration. Among household items, starch is used in cleaners, trash bags, batteries and matches. In the personal care and healthcare industries it is used as a key ingredient that goes into deodorants, medicines, hair styling products, cosmetics and cough drops. Numerous applications of products obtained from corn wet milling services across diverse industries will guarantee steady growth for the market, through the course of the forecast period.

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Market Segmentation

Source

  • Dent corn
  • Waxy corn

End Products

  • Starch
  • Sweetener
  • Ethanol
  • Corn gluten meal & gluten feed
  • Others (corn oil, proteins, corn germ meal, and steep liquor)

Application

  • Food
  • Feed
  • Industrial

Region

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

Who is Winning?

Some of the leading players operating in the corn wet milling services market are Tate & Lyle PLC, Archer Daniels Midland Company, Agrana Beteiligungs-AG, Cargill, Incorporated, Bunge Limited, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated, China Agri-Industries Holding Limited, The Roquette Freres, Grain Processing Corporation among others.

As a result of increasing competition, corn wet milling services companies are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Corn Wet Milling Services Market

Future Market Insights, in its new report, presents an unbiased analysis of the global corn wet milling services market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of source the

Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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About Us

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

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Residue Testing Market Expectations & Growth Trends Highlighted Until 2029

The global residue testing market will show a steady growth at a CAGR of 6.9% between 2020 and 2030. According to the report, the rising demand for contaminant-free packaged food and specialized diet will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

The global residual testing market was valued at US$ 3.5 Bn in 2019. The market is forecast to rise at a CAGR of 6.9% between 2019 and 2030. Regionally, Europe held the largest share in the global market. However during the forecast period, East and South Asia are expected to report growth at a higher CAGR. In terms of application, the market can be classified into feed and pet food, agricultural crops and food and beverages. Of these, the food and beverages industry accounted for the largest share in the global market.

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It includes in-depth insights into the residue testing market. Some of these are:

  • The estimated value of the market was at US$ 3.5 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, Europe emerged as a key market for residue testing.
  • However, the market in Asia Pacific is expected to rise at a higher rate of growth.
  • Among application-based segments, food and beverages industry is currently leading the market.
  • Key players are likely to focus on research and development and technological advancements to stay strong in the market.

As consumers grow increasingly concerned about their health and wellbeing, the demand for specialist diets will increase. In addition to this, the food and beverages sector has witnessed a remarkable spike in the demand for packages foods in the last couple of years. Urbanization and busy lifestyle have been key influencers of consumers’ eating habits, and also have paved the way for expansion of the food industry. This is expected to have a positive impact on the residue testing market.

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Stringent Regulations Imposed to Ascertain Food Safety will Drive Growth

Stringent food and safety regulations imposed to curb food contamination and ensure better food safety will drive the residue testing market. In addition to this, food processing industries are using advanced technologies to cohere to food safety policies. This will have a positive impact on the overall market. For instance, chromatography is one of the most used techniques to test presence of any residue in food. Besides this, the food industry is now using various technologies to find contaminants in food which could be allergens, toxins, pathogens, pesticides, heavy metals and any other residue.

Several countries have these regulations implemented to regulate the use of harmful pesticides, for instance, in Europe and North America the use of pesticides is highly regulated. These regions therefore lucrative growth opportunities for the residue testing market.

Who is Winning?

Some of the leading players operating in the residue testing market are Microbac Laboratories, Inc., EUROLAB, Centers for Disease Control and Prevention (CDC), AsureQuality Laboratories, VICAM LP, Neogen Corporation, IDEXX Laboratories Inc., Charm Sciences Inc., Bureau Veritas S.A., Intertek Group plc., Silliker Inc., Eurofins Scientific, ALS Limited among others.

As a result of increasing competition, leading are focusing on advanced technologies and research and development activities. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Residue Testing Market

Future Market Insights, in its new report, presents an unbiased analysis of the global residue testing market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be classified into pesticide residues, toxins, heavy metals, food allergens and others. Based on technology, the market can be segmented into chromatography, spectroscopy, immunoassay and others. On the basis of application, the market covers feed and pet food, agricultural crops and food and beverages. Regionally, the key segments of the market are North America, Latin America, Europe, Japan, APEJ, Oceania, and the 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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