Benelux Power Tools Market Segment Has Been Projected To Expand At A CAGR Of 4.4% Over The Forecast Period By 2031 End

Power tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 – a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016.

Over the forecast period, it is anticipated that the Benelux power tool market will grow at a healthy CAGR of 3.9% in terms of value and 2.2% in terms of volume (2016–2026). Several factors are responsible for the market’s growth, and FMI provides thorough insights into each of them in this report.

On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

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Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

On the basis of end use, the Benelux power tools market has been segmented into industrial power tools and household power tools. In terms of value, the industrial power tools segment has been projected to expand at a CAGR of 4.4% over the forecast period to account for 57.9% value share by 2026 end.

By mode of operation, the market has been segmented into electric power tools, pneumatic power tools and other power tools (including IC engine, steam driven and natural power source driven power tools). The electric power tools segment is expected to create significant growth opportunity over the forecast period.

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Key Players:

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

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South Africa Centrifugal Pumps Market Is Projected To Expand At A CAGR Of Around 5% Through 2031

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, at a CAGR of 4.6%, from an estimated USD 24.3 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for centrifugal pumps in the agricultural sector are the key factors driving the growth of the centrifugal pump market.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries.

Key Takeaways from Centrifugal Pump Market Study

  • Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
  • Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
  • The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
  • The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
  • Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Centrifugal Pump Market Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

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Find More Valuable Insights in Centrifugal Pump Market

The research report analyzes demand for centrifugal pump. The global centrifugal pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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Middle East Conveyor Belts Market, Lightweight Segment Is Projected To Exhibit The Highest CAGR Of 5.0% Over The Forecast Period By 2031 End

Conveyor belts are primarily employed for carrying objects from one point to another. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.

The material to be transported is placed on the belt and is carried to the end point on the belt. The two main industrial classes of belt conveyors are general material handling and bulk material handling. General material handling are those used to move boxes along inside a factory while bulk material handling are used to transport large volumes of resources and agricultural materials such as grain, salt, coal, ore and sand.

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Market Segmentation

On the basis of product type, Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts. Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belts. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period.

On the basis of application, Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry; among these, mining segment has been estimated to account for value share of 22.9% in 2015.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight; among these, medium-weight segment has been estimated to account for value share of 49% in 2015, which is projected to increase to 49.5% by 2026. In Middle East conveyor belts market, lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Key Players

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding, Ziligen A.S., Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which include conveyor belt manufacturing, service and maintenance.

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North America Commercial Refrigeration Equipment Industry Holds A Dominant Market Share Of 28.5%

As indicated by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration devices will progress at a moderate CAGR over 2022 – 2029. Sustainable and electricity-efficient refrigeration structures are set to emerge as a norm throughout the end-use industries, which ought to compel manufacturers to boom their investments in R&D and product innovations.

With sales of commercial refrigeration equipment enjoying Y-o-Y growth of 3.9% in 2022, the market is expected to be worth US$ 51.8 Bn by the end of the year. The global commercial refrigeration equipment market is anticipated to reach a valuation of US$ 68.3 Bn by 2028 while progressing at a CAGR of 4% (2022-2028).

Leveraging power-green technologies to offer low global warming capacity (GWP) merchandise with wealthy functionalities will be the price tag to capturing vast marketplace proportion ultimately.

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Witnessing an uptick of 3.4% over 2021, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 51 Bn by 2022 end. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick service restaurants (QSRs), at a global level.

The demand for NH3/CO2 cascade systems is also slated to go up gradually due to the advantages they offer for food processing and low-temperature distribution facilities. These benefits include low operating costs (as they use less energy per ton of refrigeration compared to other systems), lower capital and compliance costs, optimal food quality, and increased throughput.

COMMERCIAL REFRIGERATION EQUIPMENT MARKET KEY TAKEAWAYS

  • Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment.
  • North America and Europe would collectively account for over half of the market value share by 2029 end.
  • The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players.
  • The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely impact the market growth.
  • The higher average unit cost of freezers & refrigerators allude lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2021.
  • Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2022, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

Chinese Players Striving to Win Home Market​

In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continue to contribute to the development of the commercial refrigeration equipment market.

The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.

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Competition Trends

In 2021, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted into price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

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Global Water Softening Systems Market Estimates And Forecast By End Of 2031 | FMI

As per ESOMAR-certified consulting firm Future Market Insights (FMI) recent market survey, the global water softening systems market is anticipated to expand at a robust 6.5% CAGR between 2021 and 2031, surpassing a market valuation of US$ 10.82 Bn in 2021.

Product innovations in systems associated with high efficacy, technological advancements, and durability, as well as growing global concerns about water contamination, are key trends shaping the water softening systems market.

Increased adoption of water softening systems due to high mineral content in water will drive sales in developed countries such as the United States, the United Kingdom, Germany, and Italy. The presence of key market participants will also boost market growth during the forecast period.

Rising water quality awareness and government-led initiatives such as smart cities, combined with non-governmental initiatives promoting water sanitation and public health, will drive demand in emerging markets such as India, China, South Korea, and Brazil.

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Application will continue increasing in the residential sector. FMI sees impressive prospects for non-electric water softening systems sales across households. Government policies adopted towards making clean water available for all will continue aiding sales growth in this segment.

“Conscious efforts to spread water quality awareness led by government and non-profit organizations, along with product innovations in water softening systems aimed at providing better efficacy and enhanced performance will augment market growth in the upcoming decade,” says the FMI analyst.

Key Takeaways from Water Softening Systems Market Survey

  • Based on design, twin-cylinder water softening systems will dominate the market.
  • Residential sector will experience increased adoption of water softening systems throughout the assessment period.
  • The U.S. will continue dominating the market due to the high concentration of market players.
  • Sales outlook in the U.K. is projected to be positive with increasing applications of water softening systems in households.
  • India will emerge as a lucrative market for sales of water softening systems, owing to growing awareness regarding water quality in the country.

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Competitive Landscape

EcoWater Systems LLC, Culligan International Company, Kinetico Incorporated, Hydroflux, Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Qingdao Haier Co., Ltd., Atlas Filtri, Watts Water Technologies Inc., Feedwater Limited and Canature Health Technology Group Co Ltd. are among the top manufactures in water softening systems market, as profiled by FMI.

To manufacturers of water softening systems account for approximately 1/5th of the total sales of water softening systems. Lucrative strategies adopted by key players include new product launches, site expansions, mergers, acquisitions, and collaborations. For instance

  • In May 2021, Culligan International was acquired by BDT Capital Partners, LLC, entering its next phase of growth by accelerating consumer strategy and extend its international footprint by innovating products with digital growth initiatives.
  • In April 2021, Watts Water Technologies launches a new brand ‘Lync’ to provide solutions that address growing concerns in commercial buildings regarding water quality and preventing risks of infections from water-borne pathogens, while ensuring reliability and durability in the long run.

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More Insights on the Water Softening Systems Market

In its latest report, FMI offers an unbiased analysis of the global water softening systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of operation type (electric and non-electric), application type (residential, industrial and commercial), design (mono cylinder, twin-cylinder, multi-cylinder), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Water Softening Systems Market by Category

By Operation Type: 

  • Electric
  • Non-Electric

By Application Type:

  • Residential
    • Salt-based
    • Salt-free
  • Industrial
  • Commercial

By Design:

  • Mono Cylinder
  • Twin Cylinder
  • Multi-Cylinder

By Region: 

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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Sales Of Telecom Tower Power Systems Market Is Expected To Increase At 6.7% CAGR By End 2031

The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future.

Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future.

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Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing demand for mass production has increased the importance of process automation. The market is shifting toward Industry 4.0 standards, resulting in the promotion and widespread adoption of new manufacturing technologies.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

  • Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
  • The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
  • The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
  • The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
  • Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

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Telecom Tower Power System Market by Category

By Product Type:

  • Outdoor Telecom Power System
  • Indoor Telecom Power System

By Power Source:

  • Diesel Generator
  • Diesel Generator + Battery
  • Renewable Energy
    • Solar
    • Wind Turbine
    • Biomass

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Horse Riding Equipment Market  Analysis’ Weaknesses And Prospects by 2030 | FMI

Future Market Insights (FMI) provides insights into the Horse Riding Equipment market’s the analysis’s shortcomings and future opportunities. The growth trend of the world market for horse riding equipment is shown. Untapped potential and market share held by several industrial categories are shown by the research. The study offers a thorough examination of the competitive environment, key development factors, and opportunities for the global horse riding equipment market.

The report contains significant numerical and figurative data. It explores the elements that influence growth in both mature and developing economies. It thoroughly examines the competitive situation in order to arm players with the knowledge they need to manoeuvre around any barriers.

Consumer goods have improved over the past ten years as digitalization has spread around the world. Companies are adapting their go-to-market strategies and capabilities in response to the shift in customer preference toward online markets.

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Industry players are adapting to the “digital era” and placing more and more dependence on internet platforms to draw in customers. Through a variety of digital channels, e-penetration commerce’s into the consumer goods market has brought about some very amazing transformations. The market report analysis provides in-depth perspectives on the situation as it stands.

Understanding the Impact of Covid-19 on Global Horse Riding Equipment Market

The current COVID-19 outbreak has had a negative impact on a number of sectors in the consumer goods sector. The market is anticipated to benefit from the industry’s use of artificial intelligence and big data science.

Consumers are engaging in social distance as a result of government regulations. As a result, businesses in the horse riding equipment sector had to adapt to a new standard of conducting business online. Furthermore, the supply chain interruptions and limitations on mobility have given the participants in the e-market tremendous development potential.

The FMI study includes a fascinating chapter on the initial effects of the COVID-19 on the market for horse riding equipment. This enables both established and up-and-coming essential firms to comprehend the market environment and support them in overcoming difficulties throughout the crisis.

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Horse Riding Equipment Market: Segmentation

By Product

  • Helmets
  • Vests
  • Stirrups
  • Saddle
  • Halters
  • Bridles
  • Accessories
  • Others

By Price Range

  • Mass
  • Premium

 By Material Type

  •  Wooden
  • Metal
  • Plastic
  • Leather
  • Others

By Equipment Type

  • Equine Equipment
  • Rider Equipment

By Consumer Orientation

  • Male
  • Female
  • Kids

By End-user

  • Amateurs
  • Professionals

By Sales Channel

  • Hypermarket/Supermarket
  • Independent Sports Outlet
  • Sports Retail Chain
  • Franchised Sports Outlet
  • Direct-to-Customer Online Channel
  • Direct-to-Customer Institutional Channel
  • Modern Trade Channels
  • Third Party Online Channels

Key players covered in the report include:

  • Dainese
  • Georg Kieffer Sattlerwarenfabrik GmbH
  • Decathlon
  • Cavallo GmbH
  • Antares Sellier
  • Fabtron Inc.
  • Mountain Horse
  • HKM Sports Equipment.

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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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Anti-microbial Wipes Market are expected to reach a valuation of US$ 21.6 Bn by the end of 2030 | Future Market Insights

The global antimicrobial wipes market size is currently valued at around US$ 9 Bn and is anticipated to progress at a high CAGR of 11% through 2032. As a result, worldwide sales of antimicrobial wipes are expected to reach a market valuation of US$ 21.6 Bn by the end of 2030.

Antimicrobial wipes have acquired major traction over the past few years, attributed to the growing awareness about maintaining personal hygiene. The prevalence of various infectious diseases has been a primary growth motivator in this respect. Sales have especially surged in the wake of the COVID-19 pandemic when personal hygiene maintenance is most crucial.

Burgeoning sales are primarily underpinned by everyday usage of the wipes to clean one’s face, nose and hands as a reassuring practice of eliminating any micro-organisms present on the skin. Across both households and healthcare sectors, their usage has catapulted massively in the past few months.

Going by these aforementioned projections, the global antimicrobial wipes market shall surpass US$ 7 Bn by 2020-end.

“Production of alcohol-based anti-microbial wipes has gained immense traction due to the pandemic. This trend shall continue even in the post-pandemic scenario, with consumers becoming hygiene conscious,” says an FMI analyst.

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Key Takeaways from FMI’s Anti-Microbial Wipes Market Report

  • Global anti-microbial wipes market shall expand at a 10% CAGR from 2020-2030
  • Demand from healthcare and household sectors shall generate greater sales of anti-microbial wipes
  • Online retail sales shall gain massive traction due to imposition of social distancing measures, preventing consumers from visiting retail outlets to purchase them
  • Scented wipes are becoming highly common due to consumers’ sensory experiences
  • Surface disinfectant wipes are gaining higher ground due to frequent need for cleaning exposed surfaces
  • South Asia to emerge as a significant revenue ecosystem for anti-microbial wipes market

Anti-Microbial Wipes Market- Key Trends

  • Favorable market conditions in the form of reduced price volatility and low capital investment shall bode well for anti-microbial wipes manufacturers
  • Swelling hygiene concerns amid the COVID-19 pandemic shall push up sales of disinfectant-imbued anti-microbial wipes
  • Adoption of biodegradable formulations shall spike research in developing sustainable wipes in the future

Anti-Microbial Wipes Market- Region-wise Analysis

  • United States and Europe to be market leaders due to higher incidence of infectious diseases
  • Effective distribution networks motivate market players to establish business in these regions
  • South Asia to emerge the fastest growing region, maximum demand being generated from the Indian sub-continent

Anti-Microbial Wipes Market- Competitive Landscape

Prominent players in the anti-microbial wipes market are investing in product development by incorporating sustainable and environmentally friendly ingredients. For instance, in 2019, Edgewell Personal Care doled out wet anti-bacterial hand wipes containing Benzalkonium Chloride which effectively helps kill bacteria on the skin surface.

That same year, Japanese pharmaceutical company Eisai introduced the ETAK antimicrobial wipes (wet) at the global level. It is projected that the COVID-19 pandemic will push manufacturers to continuously innovate and launch hygiene friendly products. This is because the habit of maintaining personal hygiene shall persist even in the post-pandemic era.

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Anti-Microbial Wipes Market Taxonomy

Product Type

  • Skincare Wipes
  • Surface Disinfectant Wipes

End-User

  • Hospitals/Healthcare Centers
  • Offices/Commercial
  • Food Services
  • Food Processing Industry
  • Manufacturing & Industrial
  • Schools & Universities
  • Hospitality
  • Grocery, Convenience Stores and Retail
  • Individual
  • Household

Nature

  • Scented
  • Unscented

Sales Channel

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Discount Stores
  • Multi-Brand Stores
  • Online Retail Stores
  • Independent Departmental Stores
  • Other Sales Channel

Region/Country

  • North America
    • U.S
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of LATAM
  • Europe
    • EU-5
    • Rest of Europe

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  • South Asia & Pacific
    • India
    • Malaysia
    • Thailand
    • Indonesia
    • Australia
    • New Zealand
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East & Africa
    • GCC
    • South Africa
    • Northern Africa
    • Rest of MEA

Get Valuable Insights into Antimicrobial Wipes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global antimicrobial wipes market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the antimicrobial wipes market based on the product type (skincare wipes, and surface disinfectant wipes), end user (hospitals/healthcare centers, offices/commercial, food service, food processing, manufacturing & industrial, schools & universities, hospitality, grocery, convenience stores and retail, individuals, and household), nature (scented, unscented), sales channel (hypermarkets/supermarkets, specialty stores, discount stores, multi-brand stores, online retail sales, independent departmental stores, and other sales channel) across all major regions.

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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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Pet Care Market to rise at a CAGR of 6.1% between 2022 and 2031 | FMI

The global pet care market to rise at a CAGR of ~6.1% between 2022 and 2031. Pet owners are now more cautious when choosing food options for their pets as a result of growing public awareness regarding the substances used in pet food products. The health advantages of using natural and organic components in pet care products are known to pet owners.

The demand for organic and natural formulations has benefited from this. Pet owners favour goods that offer a balanced nutritional profile for animals while being devoid of artificial colours and preservatives.

According to a research by the Association for Pet Obesity Prevention, 55 percent of dogs and cats in the United States are thought to be fat. The possibility to offer value-added products with high-quality ingredients and diet research is enormous given the increased customer interest in luxury goods.

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Product introductions with high-quality ingredients that provide value enhance the market for pet care products, which promotes long-term growth prospects. Companies in the market are increasing their selections to include natural and organic products in order to capitalise on this widespread trend.

For instance, the Kroger Co. offers natural food products for pets with proteins and essential nutrients. Besides, GMO (genetically organism free) food products are also available for pets in the market.

The rise in the number of pet owners and the growing awareness of veterinary health and investments into animal health organizations are swiftly boosting the prospects of manufacturers through the upcoming decade.

Key Takeaways from the Pet Care Market Study

  • Pet food is expected to hold a noteworthy revenue share of over 65% of all product sales. The growth is attributed to the demand for premium, natural, and organic ingredients.
  • Pet care for dogs is expected to contribute revenue share of 35.1% in 2021. The role of dogs as companions and the resulting humanization drives associated sales.
  • The U.S. leads the North America market accounting for 90% value share by 2031 owing to higher purchasing power.
  • The U.K. accounts for more than 25% of the Europe market with concerns over pet health and investments into product innovation.
  • China and South Korea are considered high growth markets for pet care in East Asia, reflecting a CAGR of over 14% with the penetration of key players with premium products.

“Growing acceptance of technologically advanced automated pet care products, and increasing expenditure driven by trends of pet humanization will influence the revenue generation opportunities in the pet care market through 2031,” says an FMI analyst.

Impact of COVID-19 on the Market

A downturn in the economy has been brought on by the new coronavirus outbreak due to disruptions in business operations across a number of industries. One of the areas most severely impacted by this crisis is the retail business. For the players, a brief hurdle is the overall reduction in discretionary spending.

Due to the temporary closure of numerous daycare centres and pet hotels, the overall revenue of the pet care business has temporarily decreased. Due to this circumstance, players are increasingly concentrating on increasing their internet penetration, since doing so gives them the chance to instantly reach a larger consumer base while spending the least amount of money possible.

Who is Winning?

Major players present in the pet care market are focusing on aggressive promotional strategies, advertisements, and new product launches have driven sales growth of pet care products and services globally.

Some of the leading players in the industry are Procter & Gamble Co., JM Smucker Co, Nestlé Purina Pet Care Co, Monge & C. Spa, Hill’s Pet Nutrition SNC, Royal Canin SAS, Affinity Petcare France SA, Champion Pet Foods LP, Cargill, C & D Foods, Aller Petfood, Bob Martin, Blue Buffalo Co. Ltd., Cambrian Pet Foods Ltd., Crosswind Industries Inc., and Crown Pet Foods Ltd., among others.

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Key Segments of Pet Care Industry Survey

Pet Care Market by Service:

  • Pet Care Products
    • Pet Food
    • Pet Healthcare
    • Fashion, Toys, and Accessories
  • Pet Care Professional Services
    • Day Care
    • Grooming Boarding
    • Pet Breeding and Training
  • Pet Care Value Added Services
    • Insurance
    • Veterinary Care
    • Pharmacies
    • Adoption and Charity
  • Pet Care Crisis Relief Services

Pet Care Market by Pet Type:

  • Dogs
  • Cats
  • Birds
  • Fish and Reptiles
  • Small Pets
  • Horses & Other Livestock

Pet Care Market by Service Channel:

  • Modern Trade
  • Convenience Stores
  • Care Services Centres
  • Veterinary Clinics
  • Online Retails
  • Support Care Centres
  • Pet Specialty Stores

Pet Care Market by Region:

  • North America Pet Care Market
  • Latin America Pet Care Market
  • Europe Pet Care Market
  • East Asia Pet Care Market
  • South Asia & Pacific Pet Care Market
  • Middle East & Africa (MEA) Pet Care 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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Nutricosmetics Market is expected to grow at CAGR of 8.28% by 2030 | FMI

Nutricosmetics market is expected to grow at CAGR of 8.28% by the end of forecast period 2022-2030 according to FMI.

Sales of smart locks are expected to see a boost in the growth owing to innovative product launches according to a recent report published by Future Market Insights (FMI). These new launches are focusing on including the product in the diet of the consumers easier and more attractive than before.

The market is expected to grow at CAGR of 8.28% by the end of forecast period 2022-2030 according to FMI.

Companies are coming together and getting into partnerships in order to provide innovative products which appeal to the consumer. Additionally, innovations in the functionality of the products is another key focus for manufacturers and consumers alike.

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The role of nutrition is much clearer than before and people are becoming more aware of the products and its contents making an impact on their bodies. Thus more consumers are looking for products with nontoxic, natural and organic ingredients and scientific evidence to take care of their bodies.

For instance, a popular skin care brand by the name Ceramiracle has come up with an innovative approach for its products. The company owns a café which offers a variety of custom blended organic teas, rich in antioxidants and collagen boosting compounds.

Key Takeaways

  • Companies are focusing on premium products as penetration and accessibility is higher compared to mass products.
  • Physical channels of sales such as specialty stores, departmental stores, and other convenience stores for the highest value share in the nutricosmetics market.
  • Online sales are expected to expand at the highest CAGR during over the forecast period.
  • North America is expected to hold the largest value share in the global nutricosmetics market.
  • Demand for mid-range nutritcosmetics is forecast to be higher
  • While hair and nail care segment dominates in terms primary function, multi-functional nutricosmetics will surpass in the near future

“Players in the global nutricosmetics market are focusing on creating awareness about the benefits of their products to the masses, along with bringing affordable and accessible products in order to explore the market potential,” says an FMI analyst.

COIVD-19 Impact

Recent outbreak of Covid 19 pandemic has disrupted life in more than one way. The lockdowns implemented by governments across the world to curb the spread of the disease further has impacted supply chains, production and every other aspect of business. It has brought challenges to the entire global business community.

Nutricosmetics industry is also impacted by the imposing of lockdown worldwide. Production is hampered as transport is disrupted resulting in lack of raw materials. Also, consumers are vary of spending on things that are not absolutely essential for survival.

As the things are getting back on track, the industry is expected to get back to normal within a short time.

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Who is winning?

Companies in the global nutricosmetics market are focusing on new product launches with innovative functionalities to appeal to the consumers. Also, in order to expand their footprint, companies are targeting regions in East and South Asia where the consumer is getting health conscious and also the disposable income is increasing.

For instance, single product with multiple benefits was launched by Amway when it came up with their protein powder. They marketed the product in such a way that it hit the multiple sections of consumers who were looking for weight loss, skin care, radiance and glow, weight management and many other benefits.

Some of the key players operating in the Nutricosmetics market are

  • Pfizer Inc.
  • Herbalife Nutrition Ltd.
  • Amway Corporation
  • Phyto Botanical Power
  • Viviscal Limited
  • Ivy Bears
  • Vitabiotics Ltd.
  • MartiDerm
  • Shiseido Co. Ltd.
  • H&H Group
  • Origo Cosmecuticals Pvt. Ltd

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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