Market Research Blog – Page 11705 – New Product Development

Dairy Products Packaging Market Is Expected to Witness Significant Growth of US$ 43.6 Bn By the Year 2030

The global dairy products packaging market is likely to progress at a CAGR of 4.5% between 2022 and 2030, reaching US$ 43.6 Bn by the year 2030.

In its latest report, Future Market Insights has estimated steady growth in the dairy product packaging market for the period of assessment between the years 2022 and 2030. Widespread milk consumption on a global scale, applications of dairy products in the food and beverage sector, and strict food safety regulations are aiding growth.

The growing awareness about the importance of packaging in the dairy industry to minimize the risk of adulteration and contamination is a key driver. Also, logistics and transport requirements and roles in boosting shelf-life is positively influencing growth prospects.

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Demand for smaller-portion packaging options coupled with higher disposable incomes and standards of living have significantly bolstered demand. Research into eco-friendly packaging solutions are likely to benefit the industry in the long-term.

Key Takeaways of the Dairy Products Packaging Market Report

Flexible packaging formats are expected to display fast growth on the back of logistics benefits provided to dairy producers, particularly in developing economies.
Paper and paperboard materials are likely to reflect high demand with applications in Tetra Pak formats and benefits of printing substrate.
Packaging for milk will remain the key revenue contributor in the industry, owing to higher consumption by a health-conscious consumer base.
North America is a the leading market aided by a massive milk production sector, and high consumption of cheese, yogurt, and flavored milk products.

Covid-19 Impact Analysis

The covid-19 pandemic has had adverse effect on the global dairy product packaging market. Widespread lockdown restrictions have hurt supply chains in the dairy industry, which has resulted in large-scale wastage of milk resources in many parts of the world. This in turn has hurt short-term demand for packaging.

Also, the food service industry has faced severe restrictions, cutting into the demand for dairy products, consequently affecting the dairy product packaging industry. Furthermore, the demand for dairy-based desserts, yogurt, and ice-cream has fallen sharply during the pandemic, limiting packaging supply chains. The recovery of the market will be gradual as concerns over the economic ramifications of the pandemic remain uncertain.

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Who is Winning?

Leading players in the dairy product packaging market include but are not limited to Mondi Group, WestRock Company, CKS Packaging, Sealed Air Corporation, Nampak Ltd., Saint-Gobain S.A., Ahlstrom, Airlite Plastics, Saudi Basic Industries Corporation, ELOPAK, Rexam, and Clondalkin Group Holdings.

Market leaders are largely focused on investments into product research, especially in exploring the new materials with objective of functionality, and sustainability. Adoption of eco-friendly materials and formats, and efforts towards aesthetics will remain important for market players through the assessment period.

In November 2020, Greiner unveiled its range of packaging for dairy products made from recycled PET. Norway-based dairy producer TINE has launched sustainable packaging solutions to cut annual plastic consumption by 700 tons, with a research initiative on fiber-based solutions. M&S has unveiled its Innovation Hub to research on plastic-free packaging materials, for varied commodities including dairy products.

Further Insights on the Dairy Products Packaging Market

In a new report by Future Market Insights, readers are provided with a comprehensive, and unbiased analysis of the global dairy products packaging market, including historical data for the years 2015 – 2019 and forecast data between 2020 and 2030.

Information has been provided on the basis of type (bags & wraps, bottles, cans, cartons & boxes, cups, films & wraps, pouches, tubes, and others), application (milk, cheese, frozen products, yogurt, cream, butter and ghee, ice-cream, cultured products, and others), material (glass, metal, paperboard & paper, plastic, and others), and distribution channels (e-commerce, specialty retailers, supermarkets & hypermarkets, and others) across six key regions.

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Key Segments Covered in Dairy Products Packaging Industry Research

By Type :

Bags and Wraps
Bottles
Cans
Cartons & Boxes
Cups
Films & Wraps
Pouches
Tubes
Others

By Application :

Milk
Cheese
Frozen Products
Yogurt
Cream
Butter and Ghee
Ice-cream
Cultured Products
Others

By Material :

Glass
Metal
Paperboard & Paper
Plastic
Others

By Distribution Channel :

E-Commerce
Specialty Retailers
Supermarkets & Hypermarkets
Others

By Region :

North America Dairy Products Packaging Market
Latin America Dairy Products Packaging Market
Europe Dairy Products Packaging Market
East Asia Dairy Products Packaging Market
South Asia Dairy Products Packaging Market
Oceania Dairy Products Packaging Market
Middle East & Africa (MEA) Dairy Products Packaging Market

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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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Male Colour Cosmetics Market is Anticipated to Increase at a very high CAGR of 13.9% During 2022 – 2029

The market for male colour cosmetics is presently estimated to be worth roughly US$ 15.42 billion, and by 2029, it is expected to grow at a very high CAGR of 13.9 percent to reach US$ 38.41 billion.

Approximately 4% to 8% of the worldwide cosmetics market is currently occupied by male colour cosmetics. Men are using cosmetics more frequently than women do, which is boosting demand in the global market for male colour cosmetics.

Male Colour Cosmetics Market Size (2022)	US$ 15.42 Bn
Revenue Forecast (2029)	US$ 38.41 Bn
Global Market Growth Rate (2022-2029)	13.9% CAGR
Face Products Market Share	40.7%

Globally, rising internet penetration and adoption of e-commerce are the factors expected to fuel the revenue growth of global male colour cosmetics market, owing to growing number of customers using digital technology for mobile transactions and purchasing various products through online platform.

In order to capitalize on millennial that are tech-savvy, companies in male colour cosmetics market are engaged with consumers through the use of social media and other digital avenues to advertise their products and increase the market share via online sales revenue.

Increasing online sales and use of e-commerce for selling FMCG products in North America, East Asia, and South Asia has led to surge the growth of B2C business in the consumer goods sector. Over the years, consumers’ behaviour has drastically changed and are more inclined towards researching about products online and purchasing various products such as men lips sticks, men foundation creams, and other products through e-commerce.

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Key Takeaways from the Male Colour Cosmetics Market Study

According to the report, key market players are likely to focus on the product penetration Latin America and South Asia. Manufacturers of male colour cosmetics are shifting their focus toward natural and organic ingredient in the products. Increasing awareness coupled with look conscious behaviours of men with regard to men’s colour cosmetics is one of the major reasons for men to opt for natural and organic products. To target this untapped group, companies are developing novel products with natural ingredients, which in turn is expected to boost the demand for male colour cosmetics in the near future. Moreover, product advertisement related to customer sentiments is the key strategy adopted by male colour cosmetics companies.
The Latin America is forecasted to witness high growth rates due to increasing company’s penetration in the region and increasing product awareness among men in the region. Strengthening sales channels in the Latin America and Middle East & Africa is anticipated to create significant expansion opportunities for players in the global male colour cosmetics market.
E-commerce sales channel is estimated to generate high revenue in the forecasted years for the male colour cosmetics market owing to increasing internet usage among consumers.

Celebrity Endorsement to Inspire Consumer’s Buying Behaviour

An emerging trend in the male colour cosmetics market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same. For instance, David Beckham & L’Oréal has entered into a partnership for male product promotion under the brand ‘HOUSE 99’. The brand is engaged in offering Natural Bronzing Effect Moisturising Gel.

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Who is winning?

Some of the key players operating in the male colour cosmetics market are as L’oreal, War Paint, Koh Gen Do, Calven Klein, 4VOO, Glossier Inc., Guerlain, Hourglass, Formen Inc., Mens MakeUp, Menaji Worldwide LLC, Chanel and others

Several leading market players are engaged in partnership with other stakeholders to increase their product offering across the world. Moreover, companies are engaged in product innovation, launches, and advertisement on social networks to promote their products.

In 2018, Chanel launched its first make-up line for men, ‘Boy De Chanel’. The product launch comprises of an eyebrow pencil, a foundation and other products.

Key Segments of Male Colour Cosmetics Industry Survey

Male Colour Cosmetics Market by Product:

Lip Products
Face Products
- BB Creams
- CC Creams
- Concealers
- Blotting Powders
- Beard Colour Sticks/Pens
- Face Foundations
Eye Products
- Under Eye Concealers
- Kohl
- Eyeliners
- Eyebrow Pencils
Other Products

Male Colour Cosmetics Market by End User:

Individual Products
Commercial Products

Male Colour Cosmetics Market by Nature:

Natural/Organic Colour Cosmetics
Synthetic Colour Cosmetics

Male Colour Cosmetics Market by Price Range:

Premium Colour Cosmetics
Mass Colour Cosmetics

Male Colour Cosmetics Market by Sales Channel:

Hypermarkets/Supermarkets
Speciality Stores
Drug Stores
Online Retail
Department Stores
Beauty Stores
Multi-brand Stores
Direct Sales

Male Colour Cosmetics Market by Region:

North America Male Colour Cosmetics Market
Latin America Male Colour Cosmetics Market
Europe Male Colour Cosmetics Market
East Asia Male Colour Cosmetics Market
South Asia & Pacific Male Colour Cosmetics Market
Middle East & Africa (MEA) Male Colour Cosmetics Market

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Meat Speciation Testing Market Huge Demand in COVID-19: Regional Outlook, Key Companies Profile, CAGR and Forecast to 2027

Meat speciation testing can be defined as identification of animal species which is performed for a range of reasons – ethnic, economic, and safety.

There is a wide range of products by which meat speciation testing is done, such as qualitative PCR analysis techniques, ELISA (enzyme linked immunosorbent assay) and others, these methods are used to identify the animal species in cooked & raw products across various food products & feed matrices.

As the number of consumers consuming meat is rising globally, the scandals of mislabeling of meat products are rising which is anticipated to boost the Meat Speciation Testing market in future. Meat speciation testing is executed for cooked and raw meat products.

Meat speciation testing systems verify the product labels and confirm the meat & meat products authenticity, which ensures the product safety to consumers.

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Global Meat Speciation Testing Market: Segmentation

Meat Speciation testing market can be segmented on the basis of species, technology, form, and regions. Based on the species, the meat speciation market is segmented into a cow (Bos taurus), swine (Sus scrofa), chicken (Gallus gallus), horse (Equus caballus), sheep (Ovis aries) and others. Others include rabbit, goat, and turkey.

The Pig (swine) segment is projected to grow during the forecast period among all the segments among species in meat speciation market as the increase in a number of adulteration of swine meat with chicken meat and horse meat has controlled to a desire for increased quality control for meat products.

The detection of species in pig (swine) meat products is necessary to protect the consumers from fraud and to respect the consumer’s religious beliefs & cultural preferences. According to the technology, the meat speciation testing market is segmented in PCR, ELISA (enzyme linked immunosorbent assay) and others molecular diagnostic test (LC-MS/MS).

Among the technology, PCR segment covers the largest market share in 2015 and is anticipated to rise at the highest CAGR over the forecast period as it provides quick results and helps the decision-making process for product recalls related to stakeholders. There is a significant growth in ELISA (enzyme-linked immunosorbent assay).

On the basis of form, Meat Speciation Testing market is segmented into raw, cooked and processed. Among the forms, the raw form covers the maximum share of the market and is the fastest growing segment in the future due to domestic consumption of meat in raw form is very high.

Global Meat Speciation Testing Market: Regional Outlook

On the basis of the geographical market segment, the meat speciation testing market is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.

In regional segments, Europe is presently the market leader in terms of revenue in the global meat speciation testing market. As increasing of stringent food laws, consumer awareness, and an upsurge in meat trade are the reasons which are driving the meat speciation testing market in Europe.

Asia Pacific region is expected to hold market dominance over the forecast period in meat speciation market as the GDP of the region is stable and increasing health awareness consumers and numerous laws is implemented by countries in the region. Food safety standards are getting rigorous year-on-year as to certify safer quantity of food to persons in foreign & local countries.

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Global Meat Speciation Testing Market: Drivers & Restraints

The global Meat Speciation Testing market is expected to witness sustained growth over the forecast period. The growth of Meat Speciation Testing market is driven by its growing in a number of food fraud cases and increasing infection among consumers, compliance with labeling laws, religious beliefs and strict rules & regulations and buyer demand for certified foodstuffs.

Lack of technology & infrastructure, lack of food control systems and resources in developing countries are the major restraint for the Meat Speciation Testing is market are affecting the profit margins of Meat Speciation Testing market.

Global Meat Speciation Testing Market: Key Players

Some of the players operating in the global Meat Speciation Testing market include Scientific Analysis Laboratories, Eurofins Scientific SE, ALS Limited, VWR International LLC, Neogen Corporation, Geneius Laboratories Ltd., LGC Science Group Ltd, International Laboratory Services Ltd., Genetic ID NA, Inc, AB Sciex LLC and few other regional players of meat speciation testing market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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Wine Barrel Market to Expand at Over 4.8% CAGR during the forecast period 2022 – 2029

The wine barrels market is estimated to value at US$ 4.1 billion in 2022 and is projected to reach US$ 5.7 billion by 2029, at a CAGR of 4.8% during the forecast period. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered brands are assisting consumers in finding unknown wine and beverage alcohol products as well as locally generated flavors to create a remarkable growth of the wine barrel market.

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The global wine barrel market will register a healthy CAGR during the forecast period, 2019–2029. The demand for wine barrel continues to rise on broader accessibility, owing to rising consumption of wine and related products due to health benefits as these help enhance mental health and heart condition and protect against formation of cancer cells in human body.

Key Takeaways — Wine Barrel Market Study

Since the last decade, the wine barrel market has become fruitful in Europe, especially in France, Germany, and Italy, due to strong sales of spirit and wine barrel in the U.S. market.
The USA is still prominent in the wine market, with the latest figures showing the country with substantial wine consumption of ~33 million hectoliters.
Highly expensive French oak wine barrels and stainless steel wine barrel are alternatives that limit market growth for wine barrels.
The stable demand for oak wood wine barrel is projected to suffer from an increase in stringent regulations against cutting of trees and frequent forest fires.
In spite of the high cost of French oak wine barrel, the demand for the same is expected to increase at a CAGR of ~5% during the forecast period.
As compared to developing economies, the sales of the wine barrel are anticipated to be higher in countries of North America and Western Europe.

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Emergence of Stainless Steel Barrels and Tanks as Alternative

Over the last few years, stainless steel wine barrels are precisely design and develop by manufacturers to meet the need of winemakers in all stages of development, fermentation, maturation, and storage of wine. The actual duration in the usage of oak wine barrel by winemakers is three to five years. Once the functional properties of the barrel reduces, winemakers have to dispose used barrels. However, stainless steel barrels are portable, durable, reusable, easy to clean, and maintain.

From the profitability point of view, winemaking is getting costlier day by day. Therefore, wineries are aging their wine in stainless steel barrels and tanks progressively. When the less oaky wines are needed, winemakers use oak wine barrel alternatives in the form of chips, powder, and blocks. Stainless steel is considered as sustainable alternatives to wine barrel as it is one of the world’s most widely recycled material.

Lactic Acid Esters Of Mono And Diglycerides Of Fatty Acids Market Set for Rapid Expansion during Forecast Period 2022-2027

Lactic acid esters of mono- and diglycerides of fatty acids Market are also known by the synonyms such as lactic acid esters of mono- and diglycerides of fatty acids and lactoglycerides of fatty acids. The compound has waxy solid consistency with white to pale yellow color.

Lactic acid esters of mono- and diglycerides of fatty acids have wide applications in food industry such as interior texture and volume enhancer in bakery products, fluidity enhancer in chocolate products, consistency enhancer in milk and milk creams, enhances stability and mousse formation in high oils, pastry and cakes airing, cream mixtures and whipped creams enhancer. The North America lactic acid esters of mono- and diglycerides of fatty acids market accounts for relatively high revenue share, followed by Western Europe lactic acid esters of mono- and diglycerides of fatty acids market.

Global Lactic Acid Esters of Mono- and Diglycerides of Fatty Acids Market: Dynamics

The macroeconomic factors making a positive impact on the global lactic acid esters of mono and diglycerides of fatty acids market include growing health consciousness of consumers, increasing population, changing consumer lifestyle, and rapid rate of urbanization. Microeconomic factors factor driving the global lactic acid esters of mono- and diglycerides of fatty acids market include growing industry such as food and beverages, personal care, and pharmaceutical across the globe.

The company manufacturing lactic acid esters of mono- and diglycerides of fatty acids products has a significant opportunity in regions such as North America, Europe, and Asia Pacific, attributed to high demand for personal care products across the regions over the forecast period. Companies have a significant opportunity in the global lactic acid esters of mono- and diglycerides of fatty acids market through collaboration with end-users i.e. food and pharmaceutical product manufacturers.

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Global Lactic Acid Esters of Mono- and Diglycerides of Fatty Acids Market: Regional Overview

By geographies, the global lactic acid esters of mono- and diglycerides of fatty acids market is segmented into seven regions — North America, Western Europe, Asia-Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, North America dominates the global lactic acid esters of mono- and diglycerides of fatty acids market in terms of value, owing to a significant revenue share in bakery product market.

Western Europe is followed by North America in the global lactic acid esters of mono- and diglycerides of fatty acids market, attributed to rapidly rising demand for emulsifier in pharmaceutical industry. The APEJ is expected to account for relatively high volume share in the global lactic acid esters of mono- and diglycerides of fatty acids market, owing to rapidly changing the lifestyle of the consumer and growing personal care market across the region.

Eastern Europe and Japan also accounts for significant value share in the global lactic acid esters of mono- and diglycerides of fatty acids market.

Latin America and Middle East Africa is expected to have a moderate opportunity for the lactic acid esters of mono- and diglycerides of fatty acids market, owing to growing economy and relatively low-value share in the global market.

Overall, the outlook for the global lactic acid esters of mono- and diglycerides of fatty acids market will have a positive growth over the forecast period.

Global Lactic Acid Esters of Mono- and Diglycerides of Fatty Acids Market: Key Players

Few players of lactic acid esters of mono- and diglycerides of fatty acids market include Ervesa, EcoChem, Parchem fine & specialty chemicals, Shanghai Hongying Trading Co., Ltd., Advanced Enzymes, Hangzhou Fuchun Food Additive Co., Ltd. and Anhui Herrman Impex Co., Ltd.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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Beard Oil Market is Projected to Reach US$ 1,475 Million by the end of 2029

By the end of 2029, the global Beard Oil market is anticipated to be worth US$ 1,475 million. According to Future Market Insights (FMI), between 2022 and 2029, the market would grow steadily at a CAGR of 5.6 percent.

According to the report, the primary drivers for the beard oil market are increased demand for personal care products among male consumers, active marketing by corporations, and rising indie brands. The research provides a thorough analysis of the market, including key growth drivers, restraints, opportunities, and current trends. It makes use of original research.

It includes in-depth insights into the Beard Oil market. Some of these are:

Europe is expected to dominate the global beard oil market due to high concentration of beauty & skincare manufacturers in the region.
The East Asia region is expected to grow at highest CAGR during the forecast
High demand for organic products is considered as key attributor to the global beard oil market growth.
FMI identified online retail as the most lucrative sales channel in the beard oil market throughout the forecast period.

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Preferential Shift towards Natural & Organic Products to Surge Market Growth

Governed by rising demand for personal care products, aggressive marketing by companies, and rising indie brands, the beard oil market is expected to grow. Manufacturers are focusing on developing novel products to ride on the new wave of consumer inclination towards natural and organic skincare products.

Manufacturers have also increased their focus on product ingredients and packaging. Increasing awareness about associated side effects with regard to beard oil such as skin reactions, itching, and burns, are factors expected to impede the beard oil market. Thereafter, growing consumer awareness and online product availability fuel the beard oil market for higher sales across the globe.

Who is Winning?

Some of the leading players operating in the Beard Oil market are Brickell men’s Product, Leven Rose, Mountaineer Brand, The American Beard Company, Prophet and Tools, The Gentleman’s, Viking Revolution, Honest Amish, ArtNaturals, Macho Bread Company, Dapper Ganger, Rosdon Group Ltd, Evolution GMBH, Fullight Tech, Alpha Vikings, Klapp Cosmetics GMBH, Vetyon, Rapid Beard, Texas Beard Company, Hongkong Guan Wei International etc.

As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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Get Valuable Insights into Beard Oil Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Beard Oil market, covering historical demand data and forecast figures for the period between 2019 and 2029.

The study divulges compelling insights on the Beard Oil market based on product type (organic, conventional), price range (high, mid-range, low), packaging (bottle, jar, other), sales channel (wholesaler/ distributor, hypermarket/ supermarket, specialty stores, exclusive stores, online stores, others), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

Tea-based Skin Care Products Market will Boost Sales at a Robust 8.7% CAGR During 2022 – 2032

The global tea-based skin care products market size is forecast to top US$ 536.4 Mn in 2022. Rising expenditure in natural personal care and beauty products across the globe will boost sales at a robust 8.7% CAGR, with the market valuation reaching US$ 1229.7 Mn in 2032.

The demand for plant based ingredients in the skin care industry is gaining attraction over the last few years. This is due to increase in consumer awareness for natural personal care products and the desire of manufacturers to replace conventional ingredients with natural variants.

Therefore, with increasing demand for natural cosmetics due to their long-term health benefits, the green tea-based skin care products are growing attaining popularity over the forecast period. Tea is produce from the Camellia sinensis plant- a small evergreen shrub native to East Asia region.

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Green tea has various essential elements such as polyphenols, tannins, protein, minerals, amino acids, carbohydrates, and others. Using green tea as an ingredient in skin care products provide various health benefits such as potent free radical scavengers, strong antioxidant herbs, acne management, dermatological benefits, and many more. Projected to rise at a CAGR of ~8.9% between 2019 and 2027, Future Market Insights foresees stable growth for the market.

Attribute	Details
Tea-based Skin Care Products Market Estimated Size 2022	US$ 536.4 Mn
Tea-based Skin Care Products Market Value-based CAGR (2022-2032)	~8.7%
Tea-based Skin Care Products Market Projected Size 2032	US$ 1229.7 Mn

Key Takeaways from the Tea-based Skin Care Products Market Study

According to the report, various prominent players are rapidly expanding their market footprint through various strategic partnership with major regional distributors and players. This is also intended to expand their product portfolio by adding new naturally derived skin care products. Currently key players are significantly investing in research and development activities to boost manufacturing capabilities and to have a competitive edge among their competitors.
Companies are incorporating green tea in their skin care products in extract form. Additionally, they are developing their own green tea extracts to ensure high quality, purity, concentration, and others.
The East Asia region is expected to retain its dominant position in the global tea-based skin care products market, due to high production of tea in the world and people in the region consider it as a remedy which was discovered thousands of years ago in China.
Among tea type, the green tea segment is expected to exhibit a comparatively higher CAGR in the global tea-based skin care products market in the near future, as it has high antioxidants benefits when applied topically. It also reduce oxidative stress and neutralise free radicals.

The rapidly growing trend of beauty supplements to enhance the radiance, smoothness of the skin, and reduce problems related to aging. Therefore, to boost the overall appearance consumers are including such products into their daily routine. Manufactures are also improving their formulas to introduce novel beauty supplements.

The tea is one of the excellent beauty improving ingredient used in supplements and skin care products which has a positive impact on the market. Consuming tea-based supplements in right amount provides various beauty benefits such as healing properties, skin disorder treatment, improving metabolism, and many more.

In skin care products the tea is used in various forms such as extract, camellia seed oil, leaf powder, and others. However, the effectiveness of tea as an ingredient is depend on many factors such as concentration level, tea quality, processing method, etc. This above mention factors is boosting the demand for tea-based skin care products market over the forecast period.

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Who is winning?

Some of the key players operating in the tea-based skin care products market are Laboratories du Palais Royal, AmorePacific Corporation, Organic Tea Cosmetics Holdings Co Ltd., Avon Products, Inc., L’Oréal S.A., Natura & Co., Unilever, Purity Cosmetics Inc., Schmidt’s Naturals, ArtNaturals, SkinYoga, The VLCC Group, ARTDECO cosmetic GmbH, Burt’s Bees, Inc., Korres Natural Products Company, Kendo Holdings Inc., Dr. Bronner’s, Avalon Natural Products, Inc., Elizabeth Arden, Inc., BCL SPA, and others.

Several prominent market players are entering into strategic partnership with various stakeholders to expand their product portfolio, market footprint, and enter into luxury business segment. Besides this, mergers and acquisitions often allows them to gain competitive advantage.

In June 2019, Unilever acquired Tatcha LLC to increase its product offering in skin care products based on a green tea ingredient.
In 2018, Innisfree established its first store in NYC’s Union Square, USA. This helped company to improve its customer base in North America through expanding product offering and attracting new customers through various innovative products and promotional strategies.

Tea-based Skin Care Products Market by Category

Product Type:

Creams & Lotions
Serums
Face Packs/Masks
Cleansers
Other Skincare Products

Tea Type:

Black Tea
Green Tea
Others

Skin Type:

Dry
Combination
Normal
Sensitive
Oily

Sales Channel:

Direct Selling
Specialty Outlets
Supermarkets/Hypermarkets
Convenience Stores
Beauty Stores
E-Retailers
Other Sales Channel

Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
Middle East & Africa

Triammonium Citrate Market Size, Share, Future Roadmap, Technological Innovations and Growth Forecast To 2027

Food additives are used to make flavours “sharper” as they acts as flavouring agents. Some common food additives include triammonium citrate, malicacid, fumaric acid, tartaric acid, etc.Triammonium citrate is a citrate salt in which all the three groups of carboxy are deprotonated and associated with the ammonium ions as the counter-cations.

it is an inorganic compound and a white crystalline powder with slight ammonia odour. It is used as an emulsifier and flavouring agent in oil and foods. Triammonium citrate isfreely soluble in water. Hence, it is also used in washing solutions. Since, it has a conjugate base of a weak acid, it can also works as a buffering agent.

Triammonium citrate is also used in blood banks for the preservation of blood in blood collection tubes. Also it is used as an antacid, prior to anaesthesia, to reduce the risk associated with caesarean section procedure.

Triammonium citrate also acts as a chelating agent for the metal ions and helps to break up the particles into the smaller pieces or encourages them to disperse

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Global Triammonium Citrate Market: Drivers and Restraints

Increasing demand of triammonium citrate in food and beverages industry due to increasing demand for emulsifiers and preservatives, is primarily driving the growth of global triammonium citrate market.

Furthermore, it is also used as an ingredient in ready to drink beverages and other commercial beverage mixtures, which is further fuelling the growth of global triammonium citrate market. Moreover, the increasing demand for triammonium citrate in bakery and confectionary products such as chocolates, etc. is also fuelling the growth of global triammonium citrate market.

Increasing uses of triammonium citrate in pharmaceuticals is also catalysing the growth of global triammonium citrate market as it functions as acidity regulator.

Moreover, the increasing demand for triammonium citrate in cosmetics products owing to emulsifiers is further fuelling the growth of global triammonium citrate market. Furthermore, the increasing awareness of consumers regarding the benefits and uses of triammonium citrate due to extensive research and developments by the companies is further driving the growth of global triammonium citrate market.

Although, the global triammonium citrate market is growing but some factors are limiting the growth of the market. In certain foods these additives are permitted to use in a specific limit, which can be a limiting factor to the global triammonium citrate market.

Global Triammonium Citrate Market: Region wise Outlook

The global triammonium citratemarket is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). ). The global triammonium citratemarket is increasing in developing countries such as India, etc. due to growing food and cosmetics industry.

Latin America is among the emerging clusters of the globe, which are anticipated to witness an above average CAGR over the forecast period. However, the global triammonium citratemarket is expected to witness a steady growth by the end of 2027.

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Global Triammonium Citrate Market: Key Players

Some of the prominent players in the global triammonium citratemarket are-

Nanjing MSN Chemical Pvt., Ltd.
Hefei joye import & export co., ltd.
Ningxiang xinyang chemical co., ltd.
Anhui jinao chemical co., ltd.
New Alliance Dye Chem Pvt., Ltd.
Jiangsu Kolod Food Ingredient Co., Ltd.
Wuhan Rison Trading Co., Ltd.
Jinan Boss Chemical Industry Co., Ltd.
LSD (shanghai) International Co., Ltd.
Shanghai Sychem Pharma Co., Ltd.
Xiamen Vast land Chemical Co., Ltd.
AVA Chemicals Pvt. Ltd.
Triveni Interchem Pvt. Ltd.
A & Z Food Additives Co., Ltd.
Advance chemical Sales Corporation
Eagle chemical works

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Global Triammonium Citrate Market: Segmentation

On the basis of product type, the global triammonium citratemarket is segmented into:-

Food grade
Pharmaceutical grade
Industrial grade

On the basis of applications, the global triammonium citratemarket is segmented into:-

Food Additives
Metal Salt Reducing Agent
Others

On the basis of functionality, the global triammonium citratemarket is segmented into:-

Emulsifier
Buffer
Acidity regulator

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Jerry Cans Market Is Set to Experience Revolutionary Growth by 2031

The jerry cans market is expected to surpass US$ 3.2 Bn by 2031, likely to Grow Moderately at 4.4% CAGR during the assessment period. Sustained consumption of petroleum and lubrication products by manufacturing and industrial sectors continues to drive demand for jerry cans at a global level.

Despite emergence of intermediate bulk containers (IBCs) as a cost-competitive and space-conserving alternative, the demand for jerry cans remains healthy owing to high adoption by food & beverages and chemical industries.

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Manufacturers are focusing on new innovative packaging to increase sales, which include refilling of gas in jerry cans. With advancements in shipping and logistics industries, manufacturers are providing gas knobs in jerry cans as a part of new innovative designs.

Furthermore, intercontinental trade of petroleum, oil, and lubricants is expected to remain positive in the next five years, thereby driving sales of jerry cans.

Key Takeaways — Jerry Cans Market Study

The food & beverages industry will remain the key end user of jerry cans, attributing to ascending demand for vegetable oil, juices, and milk.
Manufacturers are developing products to meet end users’ specific requirements such as their demand for premium grade jerry cans to sustain fuels at the desired temperature. These developments, on the backdrop of value creation such as cost efficiency, increased storage capacity, and sustainability of plastic jerry cans, allow customers to gauge substantial long-term benefits.
Plastic jerry cans account for over 85% of overall sales and would remain prominent in the global jerry cans market in next ten years. Metal jerry cans on the other side, will witness gradual demand.
Jerry can manufacturers are leveraging their in-house research, testing, and development capabilities to innovate products in the industrial chemical sector.

The industrial sector is expected to exhibit increasing usage of larger and higher-value containers such as customized jerry cans. Furthermore, the demand for jerry cans is anticipated to significantly heighten in years to come, as manufacturers as well as suppliers in the food & beverage products have been consistently focusing on raising their production bars.

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Manufacturers Eying Opportunities in Europe and South Asia

Over the past several years, the food & beverages industry has witnessed astonishing growth in regions such as European and South Asian countries. Leading jerry can manufacturers are targeting these regions to capture a prominent market share.

Countries such as India, France, and Germany are leading milk producers, which create enormous opportunities for jerry cans manufacturers to strengthen their business footprints in these regions.

Rising industrial manufacturing outputs also support the growth of jerry cans market. In 2021, the Grief Inc. announced the expansion of its CorrChoice sheet feeder network with the addition of new jerry cans facility.

More Valuable Insights on Jerry Cans Market

Future Market Insights, in its new offering, offers an unbiased analysis of the global jerry cans market, analysing historical demand from 2016–2021 and forecast statistics for 2022–2031.

The study unravels growth projections on the jerry cans market on the basis of material (plastic and metal), capacity (below 10 litres, 10–25 litres, and above 25 litres), and end use (food & beverages, agrochemicals, industrial chemicals, petroleum & lubricants, and others), across the seven major regions.

The food & beverages segment is further sub-segmented into vegetable oil, juices & milk, and others. The agrochemicals segment is further sub-segmented into fertilizers and pesticides. The industrial chemical segment is further sub-segmented into hazardous and non-hazardous, petroleum & lubricants, and others.

Driving Protection Gear Market is Predicted to expand at a healthy CAGR of 5.5% During 2022-2029

According to Future Market Insights (FMI), the driving protection gear market is expected to reach US$ 10.5 Bn by 2029 from UUS$ 7.7 Bn in 2022 In terms of revenue, the market is poised to increment at a CAGR of 5.5% during the forecast period 2022-2029.

Over the years, growing concerns regarding road safety, increasing demand for superbikes, and rising motorsports popularity across the world have influenced the demand for driving protection gears. High competition for protective apparel from the unorganized sectors is a threat to the market growth.

Notwithstanding, the surging rate of mishaps and accidents have prompted a strong need to improve driving safety. Subsequently, governments across the globe are mandating the use of protective equipment such as helmets, gloves, and clothes, especially while riding two wheelers.

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Online and Offline Distribution Channels to Promote Market Growth

FMI study finds that sales of driving protection gear through offline distribution channels will continue to influence growth strategies. However, sales via online channel is likely to grow at a CAGR of 5.1% through to 2029. Growing consumers’ preference for shopping online along with availability of wide range of products at reasonable prices is boosting sales of driving protection gears. Rapid penetration of e-commerce along with the manufacturers’ strong focus towards multi-channel strategy is further expected to influence the driving protection gear market growth.

Smart Helmet: The Next-Generation Gadget

A rise in the number of deaths on road due to accidents has potentially raised the demand for helmets. In order to resolve the issue, manufacturers are developing smart helmets embedded with Bluetooth and sensors that can detect the rider’s speed. These developments have increased the demand for helmets, creating a market size of US$ 2.2 Bn in 2018.

Across APAC, rise in the sales of premium motorbikes and superbikes has fueled the growth of the driving protection gear market. Besides, with an increase in the need for other protective gear, gloves and elbow protections are also expected to emerge as top selling products in the marketplace.

Europe’s Driving Protection Gear Market to Reach US$ 2.2 Bn by 2029

A rising number of electric vehicles, premium motorbikes, and sports cars in Europe are catapulting the driving protection gear market. France and Italy are projected to collectively generate higher revenue by the end of 2029, driven by increasing sales of premium bikes.

Nevertheless, East Asia and South Asia are indicating a strong increase in the demand for driving protection gears, due to rising production of two-wheelers in China and India. However, greater adoption of two wheelers in Middle East & Africa (MEA) and Latin America is expected to contribute to market growth.

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Key Players Prioritize Product Innovations
FMI opines that growth prospects for the driving protection gear are high in Europe. The high concentration of key players in France and Italy and their focus on increasing the production of smart protective gear is emerging a strategic move. Furthermore, the global driving protection gear market indicates a consolidated competition, with key players focusing on product innovation as their key strategy.

Key Segments of Driving Protection Gear Industry Survey

Driving Protection Gear Market by Product:

Helmets
Armors
Gloves
Knee Protection
Elbow Protection
Others

Driving Protection Gear Market by Material:

Leather Driving Protection Gear
Synthetic Driving Protection Gear
Natural Fiber Driving Protection Gear

Driving Protection Gear Market by Vehicle:

Driving Protection Gear for Two Wheelers
Driving Protection Gear for Four Wheelers

Driving Protection Gear Market by Consumer Group:

Driving Protection Gear for Men
Driving Protection Gear for Women

Driving Protection Gear Market by Distribution Channel:

Online Sales of Driving Protection Gear
Offline Sales of Driving Protection Gear

Driving Protection Gear Market by Region:

North America Driving Protection Gear Market
Latin America Driving Protection Gear Market
Europe Driving Protection Gear Market
East Asia Driving Protection Gear Market
South Asia & Pacific Driving Protection Gear Market
Middle East & Africa (MEA) Driving Protection Gear Market