Market Research Blog – Page 11431 – New Product Development

Electric Massagers Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

Global Electric Massagers demand is anticipated to be valued at US$ 8 Billion in 2022, forecast to grow at a CAGR of 7.18%to be valued at US$ 16 Billion from 2022 to 2032.

Nowadays, health activities are gaining popularity, with the primary emphasis on self-help and alternative health practices owing to rise in the busy schedule and changing lifestyle worldwide.

Massage therapy is one such approach which is proliferating rapidly. This form of treatment includes hands-on techniques to improve blood circulation, reduce stress, relieve anxiety, promote muscle relaxation, and various other health benefits.

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Electric massagers are one such product that applies vibration to the surface of the skin as a means of alleviating pains and strains as well as stimulating relaxation.

Electric massagers help to minimize the aches and pains on neck, shoulder, joints, back, and other parts of the body. In the market, the majority of electric massagers tend to be either battery operated or wired to improve the overall performance of the product. Now, consumers are using electric massagers on a daily basis, or after work & sports activities as relaxation therapy.

Reasons for Covering Electric Massagers Market Title

The rise in a number of spas, growing popularity of leisure, beauty, and health activities, speedily accelerating miniaturization of electronic devices are the factors influencing the growth of the electric massagers market in the near future. Additionally, expanding advanced technology, frequently launch of novel products, and increasing consumer awareness of the benefits of electric massagers coupled with rapidly growing use for handheld electronic devices are some other factors fueling the growth of the electric massagers market during the forecast period.

However, availability of non-electric massagers and adverse effects associated with electric massagers such as shock, possible stroke, and worsening effect may hamper the electric massagers’ market growth in the near future. Also, some consumers perceive electric massagers are as a luxury product to promote relaxation or to treat a specific injury are some of the factors which may hinder to the growth of electric massagers market.

Global Electric Massagers Market: Key Players

Some of the key players operating in the global electric massagers market are Panasonic Corporation, MedMassager, Joicom Corporation, Shenzhen Relcare Electronics, LURACO Technologies Corporation, Dr. Physio, Omron Corporation, Medisana GmbH, and others.

Growing demand for electronic products that combines aromatherapy and heat to promote relaxation coupled with a rise in the potential application of electric massagers for treating nervous irritability, other stress-related problems such as insomnia and headaches are some of the leading factors driving the growth of the global electric massagers market.

Moreover, consumers in the developing countries are now becoming more exposed to the concept of leisure therapy as well as treating their symptoms of pains and strains as an alternative to the medicines is attributed to the growth of electric massagers market during the forecast period.

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Opportunities for Global Electric Massagers Market Participants

Nowadays, people are more concerned about their health and adopting various products to prevent health issues before they arise. They are also focusing on preventing their health without visiting the doctor and are making use of multiple massagers and other natural remedies.

People now are getting aware of the various health benefits associated with electric massagers physically as well as mentally and are giving themselves their massage treatments are some of the factors providing opportunities for prominent players dealing in electric massagers market over the forecast period.

Moreover, companies in the electric massagers market are using the digital platform to cater the product to untapped market globally, rapidly growing e-commerce along with the rising in demand for customized products is the primary factor accelerating the growth of the electric massagers market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, end-user, and sales channel.

The study is a source of reliable data on:

Electric Massagers Market segments and sub-segments
Electric Massagers Market trends and dynamics
Supply and demand
Electric Massagers Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Global Electric Massagers: Market Segmentation

On the basis of product type, the global electric massagers market has been segmented as –

Back & Body Massagers
Leg & Foot Massagers
Neck & Shoulder Massagers
Head Massagers
Others

On the basis of end-user, the global electric massagers market has been segmented as –

Residential
Commercial

On the basis of sales channel, the global electric massagers market has been segmented as –

Store-Based Retailing
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Independent Stores
Online Retailer

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in Electric Massagers market dynamics
Electric Massagers Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Electric Massagers Market shares and strategies of key players
Emerging niche segments and regional Electric Massagers markets
An objective assessment of the trajectory of the Electric Massagers market
Recommendations to companies for strengthening their foothold in the Electric Massagers market

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

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Automatic Dishwashing Products Market 2022-2032| Country Level Analysis, Current Trade Size And Future Prospective

The automatic dishwashing products market is anticipated to increase at a high CAGR of 4.9% (2022-2032), reaching a value of about US$ 2.6 Bn by 2032 – FMI. In-depth vendor selection process and analysis, as well as a comprehensive competition landscape and market growth forecast, are provided in these research studies.

The study also includes a competitive analysis of the market, which includes current growth drivers, market size, astute opinions, relevant data, and industry-validated market data forecasts through 2032.

Consumers are becoming more aware of the importance of staying healthy and hygienic. In addition to this, busy schedules and hectic lifestyles among individuals is driving the preference for convenient and cost-effective appliances for home-cleaning. As a result, the market for automatic dishwasher products will gain traction in the forthcoming years.

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In recent years, the preference for chemical-free and plant-based products has increased. Surging demand for natural products such as floral essences and essential oil fragrances will fuel the growth in the market over the forecast period. Seventh Generation, for example, is a popular brand of natural household products in the U.S., and it invests extensively in marketing and promoting its products.

Automatic Dishwashing Products Market: Competition Landscape

Unilever N.V., Blueland, Bombril, Reckitt Benckiser Group plc, Church & Dwight Co. Inc., SC Johnson & Son Inc., Clorox Company, Godrej Consumer Products Limited, Procter & Gamble Company, Colgate-Palmolive, Henkel, McBride, Kao Corporation

Automatic Dishwashing Products Market: Segmental Highlights

The Automatic Dishwashing Products market can be better understood by readers thanks to the segmentation chapter’s discussion of product/service kinds, available technologies, and application areas.

The research report also offers insightful details on recent trends that will probably determine how these market segments develop over the coming few years. An overview of the impact on demand throughout the predicted period is provided by the assessment of the market factors. You can find new, changing Trends, Drivers, Restraints, and Opportunities in the Study that were produced by focusing on market-related stakeholders.

The requirement of the hour is to understand how the product or services match the wants of the customer and what modifications would be necessary to make the product more appealing.

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We make sure the Study is Segmented with Appropriate Marketing & Sales Channels to Identify Potential Market Size by Revenue and Volume in order to Make Marketers Make Effective Strategies and Determine Why the Target Market Is Not Giving Attention.

Consumer preferences and innovation are always correlated with each other by demand-side analysis. We can apply best practises to utilise an underserved population by continuously understanding marketing effectiveness to determine the potential of advertising and marketing communications.

Analysis of the Top Market Players:

A key topic in any analysis of market research is competition. This research is being offered with the aid of a competitive analysis so that market participants can simply examine the key tactics used by the top companies in the Automatic Dishwashing Products market.

Market leaders and up-and-coming competitors are carefully examined, taking into account their market shares, production, revenue, sales growth, gross margins, product portfolios, and other crucial variables. This will aid players in learning the strategies of their most formidable market rivals

Research Methodology:

Both top-down and bottom-up approaches are used to estimate and validate the size of the Automatic Dishwashing Products Market and numerous other dependent submarkets in the overall market.

Secondary research has been used to identify the major market participants, and primary and secondary research has been used to calculate their market shares. All percentage share splits and breakdowns were determined using secondary sources and verified original sources.

Global Automatic Dishwashing Products Market by Category

By Product Type:

Detergent Gel.
Detergent Powder
Detergent Tablets

By Application:

Commercial
Residentia

By Sales Channel:

Hypermarkets/ Supermarkets
Convenience Stores
Modern trade
Wholesalers/Distributors
Online Retailers
Other Sales Channel

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Plant-based Pet Food Market Growing owing to Increase in Number of Pet Owners

Plant-based Pet Food Market Overview:

The market for plant-based pet food is anticipated to grow gradually, with a total value of US$23.82 billion in 2021. Sales of plant-based pet food are anticipated to grow at a 9.2% CAGR between 2021 and 2031, according to Future Market Insights (FMI). For the duration of the evaluation period, market growth is expected to continue to be positive overall.

Plant-based pet food contains no animal-derived raw materials, assuring that no animals have been harmed or abused in any way. The vegan movement, humanization of pets, and the growing number of vegan pet owners preferring a plant-based diet for their pets are contributing to the growth of the plant-based pet food business.

Spurred by aforementioned factors, the plant-based pet food market will account for 23.8% of sales in pet food market in 2021. Pet humanization has recently gained popularity in the mainstream media throughout the world. In the plant based pet food market, the change from pet ownership to pet parenting has been a critical and defining development, particularly in industrialized countries.

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Pets are now considered members of the family as a result of this pet humanization movement. Consumers’ willingness to spend more on healthy pet food is shaped by the developing attachment between pet owners and their pets. They are becoming more concerned of their pets’ health and are purchasing plant based pet food with high nutritional value for their pets’ benefit. Pet owners nowadays are looking for pet consumables that are locally made, natural, vegan or have unique health benefits, in addition to standard meal products.

“Some of the leading plant-based pet food brands have a well-defined product classification system. Manufacturers are focusing their research and development efforts on developing distinctive and nutrient-rich products, which will help them increase their revenue streams,” said a lead analyst at FMI

Additionally, the movement toward pet humanization has resulted in a rise in health consciousness. Coupled with this, the rise in pet food that is free of meat, sugar, grain, dye, and other chemical additives will result in high growth in the market. Driven by trends such as surging demand for vegan pet food, pet humanization, and premiumization, plant based pet food demand is predicted to increase in the coming years.

Key Market Dynamics:

Increasing demand for organic and high-quality ingredients has fuelled pet food expenditure. Consumption of plant-based pet food is thought to minimize allergies, skin concerns, improve bad breath, and maintain weight in pets. This is encouraging pet parents to pick plant-based pet food over other types of pet foods.

Vegetarian and plant-based diets have recently been introduced to the pet food market, offering a possible solution to the moral dilemma faced by vegetarians and vegans who live with omnivore and carnivorous dogs.

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Key Takeaways from the Plant Based Pet Food Market Study:

North America will account for 36.1% of the global plant-based pet food market in 2021. The U.S. is expected to spearhead growth in North America.
Kibbles come in a range of sizes and forms and are expected to remain the most popular sort of plant-based pet food. Kibbles are dried, cooled, and coated with a protective coating, and they account for 23.5% of the global market in 2021.
The store-based retailing sector accounted for 86.4% of the market share in 2021, and it is predicted to grow at a steady pace through the forecast period.
Bags accounted for 35.8% of the global plant-based pet food market in terms of packaging, as they are more cost-effective alternative to the cumbersome containers and jars that were previously used in packaging.

Competitive Analysis:

Some of the leading companies offering plant based pet food Market are Cannapple, Nature’s Recipe , Nature’s Diet, Wysong, Benevo, , Evanger’s Dog & Cat Food,My Aistra, Evolution Diet, Eco Dog and Cats, Dr.goodpet and others.

Plant-based pet food manufacturers strive to bring natural and healthy products to market in order to attract a big customer base. Manufacturers in both developed and developing economies are investing in R&D to meet expanding customer needs.

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Furthermore, as a result of the COVID-19 outbreak, manufacturers are focusing on online retailing to deliver a diverse range of items to customers via a variety of E-commerce websites. In the Covid-19 epidemic, producers are promoting online shopping to provide a wide choice of items to clients through a variety of E-commerce websites.

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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Stream Hosting Market 2022 Key Players, End User, Demand and Consumption by 2032

The global stream hosting market is expected to expand at a 14.8% CAGR, with the market valuation reaching US$ 4 Bn in 2022. As per the report, the global stream hosting market size will reach US$ 16 Bn by 2032.

The incorporation of advanced technologies in the digital media industry is anticipated to drive sales in the market. Additionally, growing need to increase the consumer base and optimize network bandwidth for live & on-demand streaming content will augment growth.

Online video continues to grow in popularity at the expense of traditional broadcast viewing. Viewers spend an average of six hours per week watching multiple types of internet videos, up 59 percent from 2016. Television viewing fell by 10% to roughly seven hours during the same time period the previous year.

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Individuals also appreciate internet streaming services for their ease, variety, flexibility, and cost-effectiveness. Unlike traditional TV viewers, video on-demand users are not limited in their content choices by geography.

Viewers have switched from traditional televisions to on-demand video streaming services due to the ability to watch videos on the go via mobile apps and high-speed network connectivity. These factors are projected to boost the growth in the stream hosting market in the forthcoming years.

Besides this, surging preference for cloud video hosting will create opportunities for growth in the market. Cloud video hosting reduces the need for infrastructure as compared to traditional video hosting.

Organizations are looking out for a more secure, reliable & scalable cloud video hosting platform as a result of rapid growth of video hosting & streaming platforms. Cloud services are cost-effective, hence sales of cloud video services are expected to gain traction.

Key Takeaways:

By content type, sales in the video stream segment are expected to grow at a 16.2% CAGR over the forecast period.
Based on platform, the smartphones/ tablets segment is projected to hold a dominant share of the market by 2032.
In terms of industry, the media & entertainment segment will remain most lucrative.
The U.S. is expected to account for nearly 82% of the North America market share in 2022.
Sales in the U.K. stream hosting market will grow by 4.7x over the assessment period.
Mexico will emerge as an attractive market, with sales growing at a 18.7% CAGR through 2032.

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Competition Landscape

Dacast Inc., Brightcove, Inc., Wistia, JW Player, Kaltura, Inc., Vimeo, Inc., DigitalOcean, LLC, IBM Watson Media, Vidyard, Facebook (Meta Inc.), Youtube (Google), SproutVideo, Cincopa, Muvi LLC, Twitch (Amazon), Hippo Video, StreamShark, Wowza Media Systems, LLC, and Primcast are some of the leading players operating in the market.

More Valuable Insights on Stream Hosting Market

Future Market Insight’s report on the stream hosting industry research is segmented into four major sections – content type (video stream, audio stream, and gaming stream), streaming type (live streaming and on-demand streaming), platform (smartphones/tablet, smart TV, gaming consoles, and laptops/PCs), industry (media & entertainment, gaming & sports, education, government, retail/ecommerce, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the stream hosting demand outlook.

Stream Hosting Market By Category

By Content Type:

Video Stream
Audio Stream
Gaming Stream

By Streaming Type:

Live Streaming
On-demand Streaming

By Platform:

Smartphones/Tablet
Smart TV
Gaming Consoles
Laptops/PCs

By Industry:

Media & Entertainment
Gaming & Sports
Education
Government
Retail/eCommerce
Others

By Region:

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

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Pea Protein Ingredients Market to Exhibit Growth Rate of 7.2% to 2031

In 2021, it is predicted that the pea protein ingredients market would generate US$ 1.25 billion in sales. According to Future Market Insights (FMI), the overall market value is anticipated to increase at a CAGR of 7.2% from 2021 to 2031, reaching US$ 2.5 billion.

Pea Protein Ingredients Market Overview:

Rising demand from various end-use industries such as bakery & snacks, beverages and others is expected to fuel pea protein ingredients market growth during the forecast period. Increasing preference for natural ingredients in food products also will continue pushing sales in the pea protein ingredients market.

Rising popularity of pea protein can be attributed to its high protein content, sustainability, availability, intriguing functionality, affordability, and hypoallergenic properties. Owing to these benefits, various food and beverage companies are incorporating pea protein ingredients in their products. This is expected to propel sales of pea protein ingredients in the forthcoming years.

Pea protein ingredients powders are just as easy to incorporate into shakes or smoothies as whey protein powders. They do not include any animal byproducts, making them fit for consumption for the vegan population. Pea protein ingredients supplements are easier to digest than traditional protein supplements as it solely contains plant-based proteins and amino acids like lysine and glutamine.

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Key Takeaways:

The U.S. is estimated to account for more than 79.0% of the North America pea protein ingredients market in 2021. China is estimated to account for nearly 43.3% of the East Asia pea protein ingredients market share in 2021. Germany will emerge as a lucrative market, holding 16.3% of the Europe market share in 2021. Sales of pea protein ingredients are anticipated to continue rising in the U.K., holding 14.0% of the Europe market share. Demand for protein ingredients in India is expected to rise at a 11.4% CAGR over the forecast period. Thailand pea protein market is projected to expand at a 9.4% CAGR in 2021.

Competitive Landscape

Some of the leading companies offering pea protein ingredients are A&B Ingredients Inc., Nutri Pea Ltd, Archer Daniels Midland Company, Kerry Group PLC., Cargill Incorporated, The Scoular Company, Axiom Foods, Inc., Batory Foods, PLT Health Solutions, Prinova Group LLC, and others.

Leading players operating in the global pea protein ingredients market are focusing on research and development to launch new products to cater to growing vegan consumers. Apart from this, players are investing in mergers, acquisitions and strategic collaborations to strengthen their presence in the pea protein ingredients market.

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Pea Protein Ingredients Market Key Segments:

By Product Type:

Isolates
Concentrates
Textured

By Application:

Bakery and Snacks
Dietary Supplements
Beverages
Meat Analogs/Substitutes
Others

By Form:

Powder
Liquid
Others

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Region:

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

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Building-Integrated Photovoltaics Market 2022 Development Status, Competition Analysis, Type and Application 2032

Building-integrated photovoltaics market is expected to grow at a 21% value CAGR during the forecast period 2022-2032, reaching US$ 134.31 Billion, as per a recently published study by Future Market Insights. The global market for building-integrated photovoltaics is expected to expand rapidly due to the rapid expansion of PV (photovoltaic) capacity in various countries and the growing demand for renewable energy.

From 2017 to 2021, the building-integrated photovoltaics industry grew at a CAGR of 14.5%. The green building movement and environmentally-conscious consumers are driving the demand for building-integrated photovoltaics. At the same time, governments of various countries encourage manufacturers to utilize these materials more.

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The demand for building-integrated photovoltaics is predicted to increase as aesthetically pleasing solar harvesting systems become more popular in North America. Furthermore, evolving Building-integrated Photovoltaics solar panel production technologies, as well as a high level of disposable income among consumers in the region, primarily the U.S. and Canada, are also likely to boost demand over the next decade.

Key Takeaways from the Market Study

In 2021, the market was estimated to have a global valuation of US$ 16.5 Billion.
In 2022, the market is estimated to have a global market size of US$ 19.97 Billion
The building-integrated photovoltaics market in Europe occupied a market share of 37.68% in 2021.
The crystalline silicon segment took over 72% of the global building-integrated photovoltaics market share.
Nearly 62% of building-integrated photovoltaics sales to be for roof applications
As of 2021, the industrial segment accounted for 40.5% of the global market.

Competitive Landscape

As a way to gain more market penetration and meet the changing needs of architects and construction contractors, Building-integrated Photovoltaics manufacturers have developed multiple joint ventures, partnerships, agreements, and collaborations.

In October 2021, Meyer Burger, a Swiss manufacturer of PV modules, began offering BIPV systems. Meyer Burger will offer rooftop solar power systems.
In 2021, Onyx Solar, a Spanish producer of BIPV solar systems, installed approximately 3,250 crystalline solar modules on the facade of Sterling Bank’s Nigerian headquarters.
In September 2021, China Southeast Space Frame Group (SSFG) and First PV formed a joint venture to install 950 MW of solar PV in China over the next five years.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Building-integrated Photovoltaics Market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of by Technology Type (Thin Film, Crystalline Silicon, Others), by Application Type (Roof, Wall, Glass, Facade, Others), by End-User (Industrial Building-integrated Photovoltaics, Residential Building-integrated Photovoltaics, Commercial Building-integrated Photovoltaics) and by Region (North-America, Europe, APAC, MEA, Central and South America) Forecast- 2022 to 2032.

Key Segments Covered In The Building-Integrated Photovoltaics Market Report

Building-integrated Photovoltaics Market by Technology:

Thin Film Building-integrated Photovoltaics
Crystalline Silicon Building-integrated Photovoltaics
Other Building-integrated Photovoltaics Technology

Building-integrated Photovoltaics Market by Application Type:

Building-integrated Photovoltaics for Roofs
Building-integrated Photovoltaics for Walls
Building-integrated Photovoltaics for Façades
Building-integrated Photovoltaics for Glass
Building-integrated Photovoltaics for Other Applications

Building-integrated Photovoltaics Market by End-User:

Industrial Building-integrated Photovoltaics
Residential Building-integrated Photovoltaics
Commercial Building-integrated Photovoltaics

Building-integrated Photovoltaics Market by Region:

North American Building-integrated Photovoltaics Market
Europe Building-integrated Photovoltaics Market
Asia Pacific Building-integrated Photovoltaics Market
Middle East & African Building-integrated Photovoltaics Market
Latin America Building-integrated Photovoltaics Market

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IoT Device Management Platform Market 2022 Development Status, Competition Analysis, Type and Application 2032

According to the IoT device management platform market analysis by Future Market Insights (FMI), the demand in the market will increase at a healthy CAGR of 24.4% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 4,463.5 Mn by the end of 2022. Sales are expected to be driven by factors such as the overall development of IoT network and systems, increasing concerns regarding network security, escalating need to track the health, etc. IoT device management systems allow organizations to collect and analyze data. It also functions as the bridge between the edge network and user’s downstream data servers and enterprise applications which is also anticipated to augment growth.

An IoT network and device management platform provides centralized management, uncomplicated provisioning, and real-time insights into all current device and integrations to support organizations stay on top of their deployment. IoT device management platform is integrated with a strongand accessible wireless solution, it permits users to easily broaden IoT network and solutions at the reduced cost and complexity thus, all these advantages offered by the IoT device management platform are contributing to the market growth.

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Wearable technology, like smart watches, have an enormous potential in the IoT space and for numerous businesses. Fitness and lifestyle-based businesses will mainly find this trend advantageous, considering the fact that various smart watches and wearable devices are combined with health and fitness tracking options.

Wearable IoT devices could be utilized to protect and monitor heart attacks, monitor EMG sensors for stroke patients, and monitor asthma. IoT device management platform offers features such as real time device tracking, secure connectivity and data collection, data integration across apps/devices, over the air software updates, and sensor data analytics for smart wearables. Thus, development of wearable IoT technology is increasing the demand for smart wearables.

Agriculture industry is one the major industries for adoption of IoT technologies for a wide scale of applications like smart irrigation, activating frost fans, automated feeding systems to tank and feed bin tracking, and other mechanized procedures. Predictive analytics feature offered by IoT device for smart farming is the major trend in the agriculture industry because its helps farmers to make plans concerning the production and storage of the crops, marketing approach, and risk management.

As per the report by Business Application Research Center (BARC), the adoption of IoT devices in the agriculture industry have reached US$ 75 million in the year 2020, growing at around 20% annually. Smart farming based on IoT technologies permits farmers to reduce waste and improve productivity ranging from the amount of fertilizers used to the number of journeys the farm vehicles have made, and enabling well organized usage of resources like electricity, water, etc.

Key Takeaways:

By solution, the IoT device management platform segment is anticipated to account for the leading share in the global demand for IoT device management platform in 2022.
By enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 26.0% through 2032.
By industry, the healthcare segment is anticipated to grow at a CAGR of 33.1% between 2022 & 2032.
Europe is expected to progress at the highest CAGR of around 33.0% followed by South Asia and Pacific in 2032.

The market in Japan is expected to progress at a CAGR of around 27.8% through 2032.
In India, sales are expected to grow at a CAGR of close 34.0% over the next ten years.

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More Valuable Insights on IoT Device Management Platform Market

Future Market Insight’s report on the IoT device management platform research is segmented into four major sections – solutions (IoT device management platform (cloud-based and on-premises) and services (professional services(consulting, integration and deployment, and support and maintenance), and managed services)), enterprise size (small and mid-sized enterprises (SMEs) and large enterprises), industry (manufacturing, IT and Telecom, energy and utilities, healthcare, government, retail, transport and logistics, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the IoT device management platform outlook.

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Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on software, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.

IoT Device Management Platform Outlook by Category

By Solution:

IoT Device Management Platform
- Cloud-based
- On-premise
Services
- Professional Services
  - Consulting
  - Integration and Deployment
  - Support & Maintenance
- Managed Services

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Manufacturing
IT and Telecom
Government
Healthcare
Transport and Logistics
Energy and Utilities
Retail
Others

By Region:

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

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Yellow Pea Protein Market Growth to Register CAGR of 6.1% to 2030

Yellow Pea Protein Market Overview:

Yellow pea protein is a supplement that is primarily extracted from yellow peas and is increasingly used across the food & beverages sector to increase protein content in shakes and smoothies. Over the past decade, new food trends have emerged at a consistent rate around the world, including veganism, free form, clean-label, and chemical-free.

As a result, the demand for yellow pea protein has witnessed steady growth and the trend is expected to gain further momentum during the forecast period. The health benefits associated with yellow pea protein is another major factor that has attracted considerable interest from food manufacturers.

Plant-based food products have gained fast-paced popularity over the course of the last decade due to which, the demand for plant-based proteins continues to move in the upward trajectory– an important factor that is likely to drive the expansion of the global yellow pea protein market during the assessment period. Some of the other factors that are likely to aid the growth of the market for yellow pea protein include its optimum shelf life, easy-to-add attribute, stable price, nutrients content, and sustainability, among others. At present, yellow pea protein is increasingly being used to manufacture protein shake powders, vegan burgers, plant-based milk, etc.

At the back of these factors, along with the entry of a number of food manufacturers that are pinning their hopes of the growth of plant-based and vegan products, the global yellow pea protein market is expected to attain a market value of ~US$ 3.1 Bn by the end of 2030.

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the yellow pea protein market. Some of these are:

The yellow pea protein market has shown significant growth in recent years. The market is valued at US$ 1,737.2 Mn in 2019. The market is expected to show a dip in 2020 sales owing to the COVID-19 crisis. Market is forecasted to show significant growth during the recovery period of the COVID-19 crisis. North America accounted for 33.5% of the global volume share in 2020 as the largest buyer.

Increasing demand for gluten-free products in the U.S., the sport nutrition industry’s robust growth are important factors that positively influence growth. Yellow pea protein processed by dry processing segment accounted for 68.2% of total revenue market share in 2020 and is expected to continue to lead over the forecast period. Major use of the form in the production of nutritional health supplements, bakery goods and meat products is expected to fuel the segment in the global market.

Yellow Pea Protein in Animal Nutrition Products:

Since the last decade, yellow pea protein is significantly used in place of wheat, beet pulp, soy, and corn fibers in pet foods. The yellow pea protein, which is used in pet food primarily, has bland that doesn’t affect the palatability of the pet food. According to PetfoodIndustry.com, “In pet foods, yellow pea protein is used as nutritionally functional fiber due to laxation effects associated with water holding capacity (Nearly 13ml water per gram of yellow pea protein) of the insoluble fiber”. Yellow pea protein is a filler that is added by inexpensive mass-markers in pet food products for various reasons.

However, none of that reason is related to providing appropriate nutrition for pets as it is relatively high in crude fiber and low in fat. Owing to these factors the yellow pea protein is an essential ingredient required for lowering the calorie amount for weight management among pets. In June 2019, FDA (Food and Drug Administration) stated that many ingredients used in pet foods such as grains and meats are considered safe and does not require pre-market approval.

Who is winning?

Yellow pea protein manufacturers market products for utilization in meat substitutes, nutritional supplements, snacks, and baked goods to the food and beverage industries. Many of the manufacturers formed strategic relationships with distributors to ensure distribution of yellow pea protein. Roquette America entered into a strategic alliance with World Food Processing to produce and sell their North American pea protein isolates. World Food Processing also participates in the processing and cultivation of several grains, one of the primary ones being yellow peas.

Roquette Frères is focusing on expanding its production units to fulfil the demand of protein products. In 2017, the company built a pea protein production unit in Canada to meet fast-growing demand for vegetable protein in food and pharmaceutical products in North America. The company focuses on producing various innovative pea protein products, frequently.

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Key Market Segmentation:

By Product Type

Protein Concentrates
Protein Isolates
Textured Protein
Hydrolyzed Protein

By Nature

Conventional
Organic

By End- Use

Food Processing
- Meat Alternatives
- Bakery Products
- Confectionery
- Snacks & Cereals
- Meat-Based Products
- Others
Animal Feed
- Livestock
  - Cattle
  - Swine
  - Poultry
- Pet Food
- Aqua feed
Nutraceuticals
Sports Nutrition
Infant Nutrition
Cosmetic & Personal Care

By Process Type

Dry Processing
Wet Processing

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By Regions

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Yellow pea Protein Market Outlook & Key Findings

Global yellow pea protein market to rise at a CAGR of 6.1% between 2020 and 2030
Organic yellow pea protein ingredients segment is expected to have CAGR 7.1% in the forecast period
The market for food processing segment is valued at US$ 861.4 Million in year 2020 which is expected to be valued at US$ 1,492.3 Mn by the end of 2030
Amongst yellow pea protein end use segment, the demand from food processing sector is estimated to lead market share with 50.4% share in 2020
In the processing type segment, wet processing is expected to grow at a CAGR 6.8%
North America is anticipated to have largest market share of yellow pea protein industry with a value share of 32.8% in the year 2020.

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Data Center Liquid Cooling Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2032

The global data center liquid cooling market is expected to rise at a CAGR of 19.4% to reach a valuation of US$ 12.7 Bn by 2032 from US$ 2.2 Bn in 2022.

GPUs aid in the acceleration of computational operations, which is a key component of modern AI infrastructure. Data center GPUs are built for large-scale projects and are used for deep learning technology implementations.

They may deliver enterprise-grade performance and are utilized for deep learning technology implementations. The increased use of GPUs has resulted in increased data centre liquid cooling consumption around the world.

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Due to the halts in data centre development projects during lockdowns, the pandemic had a moderate influence on the market in 2020, with the sector reporting a fall in demand for new data centre liquid cooling systems.

In 2021, the market grew steadily, owing to increased demand for online services and increased data capacity in numerous application fields.

The requirement for managed network services and remote working applications has risen recently, prompting businesses to invest in a variety of developing technologies and also increasing the demand for data center liquid cooling.

The current data center liquid cooling market trends indicate that the IT infrastructure has gotten more diverse in recent years. Operators and service providers of telecom data centres and services have the chance to develop new technology.

To ensure that all services are provided at high speed and correctly, telecom data centres make considerable use of fiber networks. For mobile services, content distribution, and cloud services, this necessitates high connectivity. As a result, there is a lot of use of density racks, which leads to a lot of demand for data centre liquid cooling systems.

As per the data center liquid cooling market study by FMI, large data centres are distinguished by their extensive use of processing power to meet the data centre needs of large corporations.

These data centres are distinguished by stringent operational cost limits and stronger demand for energy efficiency.

Currently, these data centres are seeing a lot of racks- and row-based cooling solutions, but immersion cooling technologies are expected to see a lot more acceptance because of the higher cooling requirements of high-density server racks.

The increased demand for energy-efficient cooling solutions, compact and noise-free solutions, lower operating costs, and improved overclocking capability are all major drivers driving the data center liquid cooling market’s growth.

Furthermore, advances in artificial intelligence, blockchain, and other emerging technologies, as well as high-density cooling, are projected to open up several prospects for data centre liquid cooling manufacturers.

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Key Market Trends
Germany’s demand for data centre liquid cooling is expected to climb 7.7 times by 2032, making it the fastest-growing sector in Europe.
The US data center liquid cooling market size is expected to reach a valuation of US$ 4.1 Bn by 2032.
Cold plates dominated the data centre liquid cooling market in terms of cooling type, with a market share of 33% in 2021. During the years 2022-2032, however, demand for direct liquid cooling is expected to grow at a 30 percent CAGR.
The large data centers in the data center liquid cooling market are projected to rise at a CAGR of 17.7% throughout the forecast period.

Competitive Landscape
The data center liquid cooling market’s major players include Aecorsis BV (Asperitas), Alfa Laval AB, Asetek A/S, Bitfury Group Limited (Allied Control Ltd.), Rittal GmbH & Co. KG, Black Box Corporation (AGC Networks Pvt Limited), Chilldyne Inc., CoollIT Systems Inc., DCX The Liquid Cooling Company, Green Revolution Cooling (GRC), Inc., IBM Corporation, Iceotope Technologies.

These thought leaders are concentrating on strategic partnerships in order to evaluate the potential of data centre liquid cooling systems and speed up the data center liquid cooling market adoption.

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Recent Developments
Liquid Stack will attend the Supercomputing ’21 Conference in St. Louis in November 2021. The business unveiled its first OCP open accelerator infrastructure (OAI) servers that are optimised two-phase liquid immersion-cooled.

Wiwynn’s sophisticated hardware, combined with Liquid Stack’s two-phase immersion cooling technology, provides unparalleled levels of processing power, efficiency, and space savings. Wiwynn’s optimised high-performance OAI servers with Habana Gaudi processors are shown in a 2-phase immersion-cooled Liquid Stack data tank in this integrated presentation.

Icetope Technologies Limited announced the release of a highly scalable, GPU-rich, and liquid-cooled solution for the deployment of HPC and AI workloads in colocation using Lenovo ThinkSystem SR670 servers in January 2021, which is projected to have a positive impact on the data center liquid cooling market growth.

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Global Lactoferrin Market Size to Surpass USD 332.2 Million by 2031

According to recently made public data from Future Market Insights, analysis of the lactoferrin market, the amount of lactoferrin consumed globally increased by 5.0% year over year (YoY) in 2021, reaching US$ 192.8 Million.

The overall demand for lactoferrin, which makes up 33% of the market for milk ingredients worldwide, is anticipated to increase at a 5.6% CAGR to reach US$ 332.2 Million in 2031.

Lactoferrin Market Overview:

Lactoferrin, Or lactotransferrin being a natural protein, derived from cow milk, which is also known as the main milk ingredient found in the breast milk protein, can be used as an alternative for lactose supplements.

Applications of lactoferrin on milk nutrition segment is poised among the leader for both growth-wise and share-wise, having antimicrobial characteristics which can protect the human body against numerous pathogens. Lactoferrin is also considered a cationic glycoprotein, being used as a nutritional ingredient in different food & beverage products, such as food supplements, non-alcoholic beverages, and sports nutrition products.

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Key Takeaways from the Lactoferrin Market Study:

Europe lactoferrin production is leading in terms of market share and accounts for 31.1% of the global lactoferrin market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
In the South Asia region, demand for lactoferrin is booming with a high CAGR worth 7.7%, as a result of high awareness of the product as a dietary supplement.
However, application in infant formulas holds the highest market share, worth 35.9% of the global share as of 2021, because of the huge demand for baby food supplements.

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Lactoferrin is an intact protein that consists of 696 basic (positively charged) amino acids with an abundant nutritional value. As a result, the US Food and Drug Administration (FDA) has identified lactoferrin, derived from cow milk, as a GRAS (Generally Recognised as Safe) ingredient for functional foods and sports nutrition supplements. The agency even gave the same definition to lactoferrin in 2014, which can be used in dairy products and infant formulas. Lactoferrin (LF), also known as lactotransferrin (LTF), is a multifunctional protein of the transferrin family. Administration of lactoferrin led to autopotentiated increased expression of the Lactotransferrin gene.

Competitive Analysis:

The future of lactoferrin adoption depends on the F&B companies, especially brands making baby foods and dietary supplements, who are motivated to comply with the food safety certification requirements and necessary environmental standards. As a result, more innovation across the value chain is required to increase the adoption rate of the product, driven by a new food revolution generated through consumer tastes and preferences while leveraging automation effectively.

Some of the leading companies offering lactoferrin are Vitalus Nutrition Inc., Glanbia plc, Milei Gmbh, NutriScience, Nestle SA, Pharming Group NV, Farbest Brands, Bega Cheese Group, Fonterra Co-operative Group Ltd and InVitria, and others.

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Key Market Segmentation:

By Form :

Powder
Liquid

By Application :

Sports Nutrition
Infant Formulas
Clinical Nutrition
Veterinary Nutrition
Personal Care
Food Nutrition
Others

By Region :

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

Key Questions Answered in the Report:

Worth how much sales of lactoferrin are expected in the current scenario?
What was the demand outlook for lactoferrin in the historical period?
What will be the next 10-year adoption rate of lactoferrin?
Who are the top 5 players navigating the production of lactoferrin?
What are the top 5 countries driving the consumption of lactoferrin?
At what rate is the lactoferrin shipment occurring in North America?

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