Rx to OTC Switch Market was valued at US$ 33 Bn in 2020 and is predicted to expand at a CAGR of over 5% during forecast period (2021–2031)

Rx-to-OTC switches refer to the transition from proven prescription drugs to nonprescription, OTC status. According to a report by Future Market Insights (FMI), the global Rx-to-OTC switches market was valued at US$ 33 Bn in 2020 and is predicted to expand at a CAGR of over 5% during the forecast period (2021–2031).

Scientifically, it is a rigorous and highly regulated process that allows consumers to purchase OTC access to a growing range of medicines. For a medicine to be granted under OTC status, it must comply with the regulatory standards associated with its efficacy, have a wide safety margin, and bolster labelling to ensure proper usage of the product.

The increasing prevalence of diseases with common self-treatable symptoms, such as cold and flu, headaches, allergies, and others has fuelled the demand for OTC drugs. Thus, growing sales of nonprescription drugs have pushed pharmaceutical companies to focus on Rx to OTC switches to meet customer needs thereby gaining high revenue in the market.

It was observed in 2020, Rx-to-OTC activity was driven by growing regulatory approvals and increased OTC sales. The COVID-19 outbreak has restricted patients to visit hospitals and clinics suffering from common illnesses. Consequently, delays in prescribed medication have shifted the customer preference towards the OTC drug consumption. As a result, the COVID 19 outbreak bolstered the demand for OTC products, which in turn has supported the adoption of Rx-to-OTC switches.

The Food and Drug Administration (FDA) introduced the non-prescription safe use regulatory expansion (NSURE) panel in 2013 that has supported a new wave of Rx-to-OTC switches, with a focus on creating conditions for switches in new therapeutic classes.

The introduction of the panel aimed to promote switches which had gained consumer attention, which in turn has aided the demand for the OTC drugs in the market.

rx to otc switches market sector region wise plc position and notable trends, 2021

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Key Takeaways from Rx-to-OTC Switches Market Study

  • Allergy and respiratory drugs are anticipated to gain a revenue share of more than 25% with a CAGR of 5.7% owing to the rising prevalence of lifestyle-based ailments.
  • Retail pharmacies are anticipated to grow at a CAGR of 5.1% over the forecast period owing to the rise of e-commerce and the procurement of cost-effective medicines.
  • The  U.K. holds the lead in Europe, holding a share of over 33% owing to the implementation of favorable government policies.
  • The U.S. will account for over 77% of the North America market by 2031, supported by a matured healthcare and pharmaceutical sector and favorable reimbursement policies.
  • China is the largest and fastest growing market in East Asia estimated to account for close to 49% of the global market, owing to the country’s large-scale pharmaceutical requirements.

 “Increasing global prevalence of allergies and common illnesses such as flu, coupled with rising awareness for self-medication practices, are driving the growth of the global Rx-to-OTC switches market,” says the FMI analyst.

Who is Winning?

Rx to OTC switches have led the pharmaceutical companies to shift focus from patients to consumers in terms of end users. In addition to strategic collaborations, acquisitions, expansion, product launches, agreements and research sponsorships are the key strategies adopted by manufacturers to expand their research and development (R&D) capabilities increasing sales in wider geographical base to strengthen product portfolios in the Rx-to-OTC switches market.

For instance, in January 2021, Boehringer Ingelheim entered into a collaborative agreement with Google Quantum AI (Google), focusing on researching and implementing cutting-edge use cases for quantum computing in pharmaceutical research and development (R&D).

Rx to OTC Switch Market by Category

Drug Category

  • Allergy and Respiratory
  • Fungal Infections & Other Infections
  • Overactive Bladder
  • Oral Contraceptives
  • Gastrointestinal Drugs
  • Hair Loss Treatments
  • Smoking Cessation
  • Analgesic, Inflammation And Pain Management
  • Others (Lice, Acne, Weight Loss, And Laxative)

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Distribution Channel

  • Retail Pharmacies
  • Hospital Pharmacies
  • Drug Stores
  • Online Pharmacies

Region

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

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Oligonucleotide API Market Comprehensive Analysis, Share, Challenges, Business Opportunities to 2030

According to FMI – an ESOMAR-certified market research firm, the global oligonucleotide API market is estimated to reach US$ 3 Bn in 2020, and witness a CAGR of 11% through 2030.

According to FMI’s analysis, as of now, 100+ oligonucleotide APIs are in the clinical trials’ phase, and regulatory approval is on the cards. Post-approval, the demand for production capacity will witness an exponentiation, thereby driving the oligonucleotide API market through 2030.

Oligonucleotides are being looked upon as the subsequent large group of therapeutics following biologics and molecules. This could be attributed to the assurance on their part to develop drugs at lower costs.

Apart from immune therapy, microbial and cardiovascular infections, and cancer, oligonucleotide APIs are being tried out to treat neurological disorders like Alzheimer’s as well. However, factors like regulatory complexities and timely delivery of oligonucleotides (amidst Covid-19) are acting as restraints.

Oligonucleotide API Market Comprehensive Analysis, Share, Challenges, Business Opportunities to 2030 1

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Key Takeaways from Oligonucleotide API Marker Study

  • Antisense Oligonucleotides APIs are anticipated to reach US$ 4 Bn by 2030.
  • North America and Europe collectively accounted for more than 47% of revenue share in 2019 while Asia Pacific is expected to grow at the fastest rate in the forecast period.
  • Increase in use of antisense oligonucleotide APIs (especially post approval from US FDA in 2016) to boost the market in the forecast period

New Product Launches: Key Indicators to Oligonucleotide APIs Market

FMI has analyzed players such as Akcea Therapeutics, Biogen, Sarepta Therapeutics, Jazz Pharmaceuticals, Inc., Alnylam Pharmaceuticals, Inc., and Dynavax Technologies in this report. According to the analysis, these players are consolidating their positions through new product launches.

For instance –

  • In Mar 2020, Dynavax entered into collaboration with Clover Biopharmaceuticals for developing a vaccine candidate to combat Covid-19. Clover is into advanced evaluation of its Covid-19 S-Trimer, protein-based coronavirus vaccine candidate and Dynavax has its technical expertise along with proprietary toll-like receptor 9 (TLR9) agonist adjuvant, CpG 1018 for executing this.
  • Alnylam Pharmaceuticals, Inc., in 2018, launched Givlaari and Onpattro at the commercial level.

“Inorganic mode of growth coupled with broad therapeutic applications in gene therapy is expected to bolster the oligonucleotide API market” says the FMI analyst.

Gene Therapy and Oligonucleotide APIs

Synthetic oligonucleotides are being used in gene therapy for inactivating genes that help in propagating the disease. Antisense oligonucleotide APIs are used for disrupting the faulty gene’s transcription.

Also, siRNA could be used for signaling the cell to disrupt faulty mRNA’s translation. Along these lines, Pharmamar, in Jan 2020, signed an agreement with Jazz Pharmaceuticals for selling the API for “lurbinectedin”, one of the late-phase treatments for SCLC (small cell lung cancer) so that the latter could commercialize it.

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The study provides compelling insights on Oligonucleotide API market on basis of API type in detail cover every aspects of the market such as Antisense Oligonucleotides API, Short Interfering RNA (siRNA) API, Phosphorodiamidate Morpholino Oligonucleotides (PMO) API, MiRNA API, Aptamers API, CpG Oligonucleotides API  and Others (ON Conjugates (NP), ShRNA, etc.), Marketing Status (Marketed, Clinical Trials (Clinical Phases)), and end users (Pharmaceutical Companies  and Biotechnology Companies)) across seven major regions.

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Assessment

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Market Background

4.1. Macro-Economic Factors

4.1.1. Global GDP Growth Outlook

4.1.2. Global Healthcare Outlook

4.2. Forecast Factors – Relevance & Impact

4.2.1. Research and Developmental Activities

4.2.2. Product Formulation Advancement

4.2.3. Key Players Historical Growth

4.2.4. Market Consolidation Activities

4.2.5. Growing Investment by Key Players in Product Development

4.3. Current COVID19 Statistics and Probable Future Impact

4.3.1. Current GDP Projection and Probable Impact

4.3.2. Current Economic Projection as compared to 2008 financial analysis

4.3.3. COVID19 and Impact Analysis

4.3.4. 2020 Market Scenario

4.3.5. Recovery Scenario – Short term, Midterm and Long Term Impact

4.4. Market Dynamics

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Opportunities

  1. Market Context

5.1. Product USPs/ Features

5.2. Product Adoption / Usage Analysis

5.3. Regulatory Scenario

5.4. Opportunity Analysis For The Products Under Late Stage Clinical Trial

5.5. Revenue Breakdown by Region by Approved Market Products

5.6. Supply-Chain Analysis

5.7. Value Chain Analysis

The post Oligonucleotide API Market Comprehensive Analysis, Share, Challenges, Business Opportunities to 2030 first appeared on Market Research Blog.

Frozen Pizza Market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31

According to Future Market Insights, the frozen pizza market size is forecast to reach US$ 18.32 Bn in 2021. The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.

Frozen foods emerged among the fastest-growing grocery categories amid COVID-19. Large sized frozen pizzas sales are expected to account for more than 50% of the global value share, through 2031.

The COVID-19 crisis forced people to eat at home more often, resulting in a spike in frozen pizza sales. The industry is expected to continue to grow in the coming decade, influenced by companies’ knowledge about consumer preference in terms of variety and pricing of frozen pizzas, coupled with how frequently consumers are likely to buy them.

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Additionally, consumers desire food items that are easier to transport while having a longer shelf life. Fast-paced lifestyles have influenced consumers to seek ready-to-eat foods. Consumers are willing to pay a premium price for products obtained from organic and authentic sources. Producers of frozen pizza are consequently pushed to provide detailed information through labels.

Consumers are hesitant to buy frozen products owing to concerns over processed ingredients. By providing accurate information about the additives used in FDA-approved frozen foods, manufacturers can gain consumer confidence and long-term brand loyalty.

Key Takeaways from the Frozen Pizza Market Study:

  • The U.S. is a leader in the frozen pizza market, accounting for 80.9% of the North America market in 2021, supported by favourable consumer purchase patterns.
  • Italy holds the lead in the Europe market with a share of nearly 16%, owing to growing consumption as a staple food.
  • Brazil accounts for over 32% of the Latin America market in 2021, aided by favorable changes in consumer cuisine preferences.
  • Thin crust pizza accounts for a market share of 63.3% in 2021, owing to the preference for low-calorie products.
  • Meat toppings are anticipated to witness lucrative growth with a CAGR of 6.8%, supported by a relatively large meat-eating consumer base.

“The top frozen pizza market players have a well-defined product classification system. Manufacturers are concentrating their research and development (R&D) efforts on generating products that mimic freshly prepared pizza with superior nutrition to boost their revenue streams, creating a conducive environment for growth through the end of 2031,” said a lead analyst at FMI.

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Competitive Landscape

Frozen pizza manufacturers are working on development of offerings that mimic freshly prepared pizza with lower calorie and fat content. In addition, manufacturers are focused on R&D to meet consumer demands in established and emerging markets.

While focusing on online retailing amid the pandemic, consumers are choosing from a wide range of products. Producers are promoting internet commerce to expand distribution in previously untapped markets.

Some of the leading companies offering frozen pizza include Frozen Specialties Inc., Nestle S.A., Jubilant Foodworks Limited, Oetker GmbH, Convenio, Foods Pvt. Ltd, Daiya Foods Inc., Giovanni’s frozen pizza, Monte Pizza Crust B.V, General Mills Inc, McCain Foods Ltd, Dr., Connies Pizza, Conagra Brands, Inc. and others.

Get Valuable Insights into Frozen Pizza Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the frozen pizza market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the frozen pizza market based on crust type (thin crust, thick crust and stuffed crust), by toppings (cheese, meat, fruits & vegetables and others), by sales channel (store based retailing and online retail) and by size type (small, medium and large) across seven major regions.

Scope of Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for Value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered Crust Type, Toppings, Sales channel, End-Use, Size type and Region
Key Companies Profiled Frozen Specialties Inc.Jubilant Foodworks LimitedConvenio Foods Pvt. LtdGiovanni’s Frozen PizzaMonte Pizza Crust B.VGeneral Mills IncNestle S.A.McCain Foods LtdDr. Oetker GmbHDaiya Foods Inc.Connies PizzaConagra Brands, Inc.Others
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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Key Questions Answered in the Report

  • What is the current valuation of the frozen pizza market?
    The frozen pizza market is projected to surpass a valuation of US$ 18.3 Bn by 2021 end.
  • At what rate did the frozen pizza market expand in the last 5 years?
    The frozen pizza market exhibited steady growth at a CAGR of 4.8% in the last five years from 2016 to 2020.
  • What is the frozen pizza market demand outlook?
    The frozen pizza market is expected to register steady growth amid the COVID-19 pandemic in 2020. The market will register a CAGR of 6% between 2021 and 2031.
  • What are the key trends prevailing in the frozen pizza market?
    Leading frozen pizza manufacturers are focusing on product launches and flavor options. Also, there is a growing focus on nutrition and health including low fat and low-calorie options in the country.

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Calcium Supplements Market: Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029

Calcium Supplements – Beyond Maintaining Bone Health

A holistic approach to health and wellness among today’s consumers has been propelling solutions that address problems ranging from nutritional deficiencies to lifestyle diseases. An exceptional increase in number of population on a specific diet and the quest for ways to simply improve their nutrition are spurring a wave of innovation in food & beverage, pharmaceuticals, and nutraceuticals and related industries. In recent years, the convergence of these industries has led to more focus on health promoting diet which include the consumption of a wide range of dietary supplements.

Calcium supplements in particular are garnering significant traction as a viable option for optimal bone health. With increasing awareness of science behind adequate calcium in the body and its potential benefits in proper functioning of the heart, muscles, and nerves, calcium supplements are set to witness increased demand in years ahead. This is according to Future Market Insights’ Calcium Supplements Market Report that explores increasing use of vitamins and minerals to supplement the general food intake and its impact on the market growth.

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Big Gains Underpinned by Personalized Nutrition

As baby boomers age and prevalence of bone disorders such as osteoporosis increases among aging men and women, their nutritional needs come into question. The body requires more nutritional support through multi-nutritional supplements as well as older adult health supplements, as it ages. In recent years, demand for calcium supplements is gaining a boost, backed by published studies showing the association of low calcium intake with low bone mass and high fracture rates. While the calcium supplements market is easily quantified with the new ‘healthy life’ movement, it is expected to benefit further from emerging trend of ‘personalized’ nutrition. In addition to playing a key role in minimizing the impact of poor dietary habits, personalized nutrition lowers the risk of nutrient deficiencies while preventing a buildup of excess minerals in the body.

Previous studies have suggested that excess use of calcium supplements may increase the risk of cardiovascular diseases and kidney stones, especially in women. In addition, new data from the Women’s Health Initiative and the United States Preventive Services Task Forces has been inconsistent to support that calcium supplements do not increase the risk of these diseases. This scenario sets the stage of future innovations in the personalized nutrition space, especially for calcium supplements.

Calcium Supplements Market Yet to Reveal its Potential in Low-income Countries

Growth prospects of calcium supplements market continue to remain high in North America and Europe, due to greater awareness of balanced nutrition among consumers and strong presence of market players in these regions. In low-income settings, access to calcium supplements or food with calcium is at its worst. People with limited incomes exclusively rely for survival on affordable staple foods such as rice, wheat and maize, containing negligible amount of calcium. Government investments in nutritional interventions at a population level to address health inequities occasioned by relatively low access to calcium are thus expected to be a key factor promoting growth of the calcium supplements market in low-income countries, especially in Middle East & Africa.

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Liquid Calcium Supplements Capture Significant Share

Today, consumers are not only looking for nutritious food or supplements that can be accessed with ease, but are also seeking convenience and consistency. Liquid calcium supplements are therefore witnessing higher innovations and investments as compared to pills and capsules. As greater absorption of liquid calcium supplements eases the transition to bloodstream, manufacturers are specifically focused on this category. Calcium pills and capsules, on the other hand, are large in size and harder to swallow, which are expected to pose as a potential threat to their demand. In terms of product, calcium carbonate and calcium citrate continue to account for major share of manufacturers’ bottom lines. It is imperative to note that calcium carbonate requires acid generated in the stomach for absorption, and therefore, it is taken with meals, while citrate does not require meals for absorption.

Calcium supplements also account for large share in total sales of bone & teeth supplements, on the back of consumers increasingly focusing on taking preventive measures to overcome conditions such as osteoporosis and bone fractures. Moreover, rising awareness regarding the importance of preventive measures related to health along with government initiatives to reduce economic burden on healthcare systems is projected to remain instrumental to the growth of the calcium supplements market.

Calcium Supplements Market Players Set to Align with Newer Consumer Trends

The calcium supplements market is projected to record a steady growth by the next decade, with key players such as Citracal, NutraLab Canada, P.S. Health Care, Integrative Therapeutics, Swisse, Black Mores, Osteoform, Caltrate, Chambio, and Coral LLC being neck and neck to acquire a strong position. In an attempt to tap diverse demographic, these manufacturers are focusing on introducing new flavored calcium supplements that help fulfill consumer preferences for good taste, and ultimately determine their buying decision. Manufacturers are also targeted towards using natural flavours and natural colours to capitalize on rapidly increasing demand for natural ingredients in both food products and supplements. Furthermore, the trend of convenience is reflected on the emergence of calcium soft chew which quickly and easily dissolves – suitable for consumers of all age groups.

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In recent years, as a high-profile vegetarian and vegan dietary movement continues to find stronger voice in food, pharmaceutical, and nutraceuticals, key players in calcium supplements market are hard pressed to innovate their products. While the jury is still out on risks of calcium supplements, increase consumer awareness on how effective dietary supplementation can assist in supporting health will continue to remain a key growth influencer of the market.

The report covers exhaustive analysis on:

  • Calcium Supplements Market Segments
  • Market Dynamics
  • Calcium Supplements Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges pertaining to calcium supplements market
  • Competition Landscape and Emerging Market Participants in Calcium Supplements Market
  • Technology related to Production/Processing of Calcium Supplements
  • Value Chain Analysis of the Calcium Supplements market

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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 calcium supplements market segments and geographies.

Hemp Seed Oil Market size is anticipated to reach US$ 336.1 Mn at an impressive 18.5% CAGR by the end of 2030

The global hemp seed oil market size is anticipated to reach US$ 336.1 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will rise at an impressive 18.5% CAGR between 2020 and 2030. According to the report, the rising demand for sustainable products will drive growth in the market. The report offers a holistic market overview intended to help stakeholders get a better look and the prevailing trends and opportunities. Besides examining investment feasibility across key segments, the study also analyses threats to the market.

Hemp seed oil has started gaining traction recently owing to approvals by regulatory bodies for human consumption. This, coupled with its health benefits of hemp seed oil, has led to the higher demand in the market. CBD oil is more preferred as compared to the hemp seed oil, but economic pricing makes the latter more attractive for use in industrial applications.

It includes in-depth insights into the hemp seed oil market. Some of these are:

  • The estimated value of the market was at US$ 61.6 Mn in 2020.
  • Region wise, the East and South Asia emerged as a key markets for hemp seed oil.
  • North America and Europe will continue leading the global market for hemp seed oil.
  • Food & beverage segment is expected to remain dominant in terms of application.
  • Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.

“Increasing use of hemp seed oil as active ingredient in various products is expected to bolster growth of hemp seed oil market. Health-conscious consumers are looking for botanicals and botanical ingredients that offer several health benefits compared to products containing synthetic ingredients. Hemp seed oil is naturally extracted from hemp seeds and is considered suitable for application in various food products, which is aiding the market’s expansion,” said a lead analyst at FMI.

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Increasing Demand for Baked and Ready-to-Eat Products due to COVID-19 Outbreak will Support Growth

The demand for salads, soup, and baked foods is increasing as consumers are looking for healthier diet options. This is one of the key factors driving the market for hemp seed oil. Due to the sudden outbreak and unrestrained spread of COVID-19, consumers have become more vigilant about their food consumptions. Even their purchase decisions are influenced by the need of healthiness and wellbeing. Such fluctuating consumer preferences with changing trends are likely to reshape the overall hemp seed oil market.

Hemp seed oil has rich content of nutrients and essential fatty acids. It has vast application in food and beverage industry. For instance hemp seed oil is used in making of sauces, dessert toppings, salad oil. Owing to its numerous benefits for heart and brain health it is popularly used as cooking oil. The growing trend for organic products is further paving way for expansion of hemp seed oil market. Further wide application in cosmetics and personal care products is also bolstering market demand for hemp seed oil.

Who is winning?

Some of the key players operating in the hemp seed oil market are Hemp oil Canada, Agropro, Maverik Oils, Nutiva Inc., Canopy Growth Corporation , Connolis, NP Nutra, 13 Seeds Hemp Farm, Eco fiber Limitged, Elixinol Global Limited, BOHECO.

Due to the increasing competition, manufacturers are focusing on expanding their product portfolio and filtering their process of extraction. Some of the major players like Canopy Growth, Hemp oil Canada, Ecofiber, Nutiva and others operate globally and manage their marketing activities such as promotion, product design, branding, packaging, pricing, and market research at a global scale. This helps them in developing the distribution network for goods and services in overseas markets, thus allowing these enterprises to earn higher profits.

Furthermore, manufacturers and suppliers of hemp seed oil target their customers based on their age, region, medical condition, spending power, dietary habits, and lifestyle. This is helping manufacturers and suppliers to position their products and is driving the hemp seed oil market. In addition to this, the common strategy adopted by market players includes acquisition and merging and they intend to expand their regional footprint through partnerships.

Get Valuable Insights into Hemp seed oil Market

Future Market Insights, in its new report, presents an unbiased analysis of the global hemp seed oil market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of nature, the market can be segmented into organic and conventional. Based on grade, the market can be classified into food grade and pharmaceutical grade. On the basis of extraction process market is segmented as cold pressed hemp seed oil and refined hemp seed oil. By the end use, market is classified as food & beverages, nutraceuticals, cosmetics & personal care, pharmaceuticals and industrial products. Regionally, the market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

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Market Outlook& Key Findings

  • Hemp seed oil market is anticipated to grow at nearly 19.5% in 2020 owing to rising awareness about its health benefits
  • New product launch by key players, especially in the sanitizer segment will aid the expansion of the market. For instance, recently SinglePoint Inc. launched a hand sanitizer Klen, which is infused with hemp seed oil
  • Key manufacturers are likely to invest in hemp seed oil as the market presents impressive growth opportunities backed by increasing applications of hemp seed oil
  • The inclusion of hemp seed oil in vegan products is further boosting its demand
  • Changes in the regulatory framework legalizing the use of hemp seed oil for human consumption is likely to create growth opportunities for market players

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Global Plywood Market Size Is Estimated To Be Valued At US$ 80.5 Bn In 2022, And Register A CAGR Of 6.1% To Reach A Valuation Of US$ 115 Bn By 2028

Global infrastructural development has reached newer heights in the last few years, with massive constructions – both residential and commercial – mushrooming across both Tier 1 and Tier 2 cities across the world. This has led to impressive growth of the global building and construction industry and as a consequence positively impacted revenues of ancillary industries. Plywood is an inherent component of the construction industry – being widely used in manufacturing readymade and customised furniture.

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“Growth in global consumption of plywood is pegged to increase at a decadal rate of 4.6% to reach 164,402 cubic meters by the end of 2022. This growth is attributable to the continuous demand from end-use industries especially the furniture production industry.” — Future Market Insights

Future Market Insights (FMI) throws light on some of the key factors boosting revenues in the global market for plywood. Plywood finds increasing use across diverse applications ranging from furniture, flooring, and packaging of high-value goods. This is anticipated to boost sales of plywood in the global market, according to Future Market Insights forecasts. A growth in residential and commercial spaces across the world has further boosted the demand for readymade and aesthetically designed furniture, incorporating extensive use of plywood. With people opting for designer furniture, the demand for plywood from the furniture industry is already peaking and this is anticipated to augment revenues in the global plywood market.

Besides, there is an increasing global phenomena promoting the use of wood and wood based products in the construction of both residential as well as commercial buildings. This trend is being supported by laws enforced at the administrative level. For instance, Japan’s “Act for Promotion of Use of Wood Products in Public Buildings, 2010” seeks to encourage the use of plywood in the construction sector. Global construction projects focusing on wooden skyscrapers such as the Oakwood Timber Tower are also expected to positively impact demand for plywood in the coming years.

Wood and wood based products such as plywood are eco-friendly in nature, encouraging the plantation of trees to meet the rising demand. Plywood and other ancillary wood products contribute to environmental protection. This is another factor acting in favour of the plywood market.

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This study by FMI on the plywood market further identifies the growing importance of plywood in the global packaging industry as a key demand driver. “Plywood has enhanced mechanical strength besides being lightweight in nature. Plywood is also reusable and helps save on costs. This makes plywood the best packaging option for various types of products. With the current ban on plastic for product packaging, plywood is being increasingly adopted as a highly effective raw material to package different types of goods. This is expected to boost revenues in the global plywood market.”

Lucrative Opportunities Lie in the African Timberlands for both Existing Players and New Market Entrants

The presence of vast expanses of land in Africa coupled with the overall low costs of maintenance and production in the region make Africa a very attractive choice for the growth of forestry and the manufacturing of wood products, particularly plywood. Manufacturers in the global plywood market are looking at lucrative growth prospects in the African continent, given the region’s huge natural timberlands and mature plantations. Harvesting of plywood in the African forests is both cost-effective and environment friendly. This is boosting the setting up of backward integrated units manufacturing plywood, hence creating highly lucrative opportunities for players in the global plywood market.

Massive growth of the global construction industry has resulted in the pumping in of huge infrastructure investments by both private sector and public sector enterprises. This is likely to broaden the horizon for regional manufacturers of plywood with endless possibilities for revenue growth.

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Adoption of Plywood in Digital Printing Trending the Global Market

Plywood is increasingly finding application as a substrate in high-scale inkjet printing projects. Plywood is used as an alternative to aluminium and plastic sheets owing to its non-reflective nature. Digitally printed plywood serves as an excellent substitute for several outdoor applications such as fence and road signs, as it is highly durable. This is the latest trend dotting the global plywood landscape, pushing revenues in the global market.

Food Sorting Machines Market is expected to expand at a promising CAGR during 2015-2025

Automation is becoming more of a requirement than an option in the food processing industry. The rigorous quality and cost controls required in the food industry is making it more critical. Production of high grade food requires capable and efficient inspection and sorting systems, in the operations and production line. The food is sorted by color, size, shape, specific gravity prior to inspection and other criteria depending upon the raw material and application.

Global interest is increasing towards the quality of food consumed along with the stringent legislations on product quality and operating procedures. In the food industry, the product specification is extremely important, and is one of those area where new developments are crossing the boundaries. The food industry is under immense pressure of meeting the demands of growing world population.

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The global population is becoming urbanized and there is heavy industrialization seen in the emerging economies. This leads to an upward trend towards convenience foods that are healthy, nutritious and easy to prepare. Food security is an emerging challenge for policy makers and companies in the food supply chain. Over the period food production will be under threat from climate change, competing land uses, erosion and diminishing supplies of clean water.

One of the solutions to this dilemma is increased efficiency and waste reduction in the food supply chain. Food sorting machines offer increase in efficiency by selectively filtering out the undesired materials from the main food.

The main purpose is separation of foreign seeds and bodies, such as unhealthy or spotted grains. The insertion of optical sorter into strategic positions of the milling process facilitates and optimizes the whole cleaning process. Worldwide the optical sorters are being used in the food industry. Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100%  inspection on full production volume. Since manual sorting is subjective and inconsistent, its not preferred.

Optical sorting helps to improve the product quality, increase yields, maximize throughput while reducing labor costs. Since few years the trend is of integration of the traditional mechanical cleaning process with optical sorting machines.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on disposal of food waste, changing consumption patterns and smaller households are few of the probable factors restraining the growth of the food sorting machines market.

Food Sorting Machines Market: Overview 

Though food sorting machines is a new technology for emerging economies like India, but in the developed economies like North America and Europe the same technology is in use for years.

With growing global population and increasing pressure on food industry to meet the customer demands, the acceptance of food sorting machines is gaining popularity. The global food sorting machines market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Food Sorting Machines Market: Region-wise Outlook

The global food sorting machines market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global food sorting machines market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global food sorting machines market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global food sorting machines market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Food Sorting Machines Market: Key Players

Some of the key market participants in global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, Satake USA Inc.

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 categories such as market segments, geographies, types and applications.

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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)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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.

Food Sorting Machines Market: Segmentation

The global food sorting machines market is broadly classified on the basis of product type, technology and geographies.

Based on product type, the global food sorting machines market is segmented into:

  • Channel Sorters
  • Freefall Sorters
  • Belt Sorters
  • ADR Systems

Based on technology, the global food sorting machines market is segmented into:

  • Laser
  • Camera
  • LED
  • X-ray

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At a CAGR of 6% | Surface Plasmon Resonance Market Size 2021 | Industry Analysis By Regions, Share, Revenue, Prominent Players, Development Strategy, Business Prospect And Forecast To 2029

The surface plasmon resonance spr systems market is expected to expand at CAGR of 6% in terms of value through the forecast period (2019-2029). Adoption of label-free technologies and label-free detection techniques contribute in reducing the effort and time required for assay development.

“Detection of nanoparticles in biological analytes is not easy but inclusion of labels to enhance specificity and accuracy will present correct qualitative information, states the FMI Analyst.

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Surface Plasmon Resonance Market– Important Highlights

  • North America exhibits lucrative opportunities while Asia Pacific region will witness maximum growth in the upcoming years.
  • On the basis of type, image systems is likely to surpass US$ 500 million through 2029.
  • Biopharmaceuticals companies will account for more than half market share in terms of value.
  • Drug discovery will continue to retain its popularity in the applications segment.

Surface Plasmon Resonance Market – Driving Factors

  • Use is largely noticed in food and beverage sectors to examine quality and to ensure a better nutritional profile.
  • Owing to the increasing investment in biotechnology and widening presence of key players has also helped the market in witnessing steady growth.
  • Complete consistency in regard with report generation is achieved which boosts the market growth.

Global Surface Plasmon Resonance (SPR) Market: Drivers and Trends

One of the key trends that can be seen in the surface plasmon resonance Market is the growing adoption of microfluidics techniques for lowering the consumption of reagents. Another friend that is influencing the market is the introduction of advanced imaging software for the analysis of surface plasmon resonance. In the US, there are extensive Investments carried out consistently for the research and development of surface plasmon resonance system. This would also have the market to grow in the region.

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Surface Plasmon Resonance Market – Key Restraints

  • Increased assay costs remains a key deterrent for the market.
  • Inaccurate information due to failure in operation hinders the growth prospects.

 Expected Impact on Market by Coronavirus Outbreak

Global influence of COVID-19 require proper studying of bimolecular particles and virus-host interaction and SPR technology allows researchers to extract data in real time. This technology reveals interaction between protein molecules and biological molecules. The pandemic has driven these processes in order to launch effective vaccines. USA has currently increased R&D investments by 20% on pharmaceuticals industry while Europe drug discovery market is expected to grow at 8.22% CAGR through 2029.

SURFACE PLASMON RESONANCE MARKET TAXONOMY

The global surface plasmon resonance market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product Type

  • Imaging Systems
  • Sensor Systems
  • Reagents

Application

  • Drug Discovery
  • Material Science
  • Biosensors

End User

  • Academic & Research Institutes
  • Food & Beverage Industry
  • Biopharmaceutical Companies
  • CROs

Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Competition Landscape

Key Players are operating on the basis of market shares, strategies and product offerings, Key players in the market include Horiba, Ltd, General Electric Co., Ametek, Inc., and Biosensing Instrument Inc. These players are working on biosensor technologies to enhance sales opportunities in the market.

For instance, Horiba Ltd. is planning to collaborate with Shimadzu for development and sales of LC-Raman Measuring Instruments. Shimadzu’s liquid chromatographs will combine with Horiba’s spectrometers for accurate medical information.

Biosensing Instrument Inc. has introduced the first SPR Microscopy system which is available commercially for interactions research. This move has redefined the use of SPR technology nad provides kinetic studies with single instrument.

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More on the Report

The report presents macro as well as micro economic factors with segmentation on the basis of product type (imaging, sensors, and reagent), application (drug discovery, material science, biosensors) end-user (academics, research, pharmaceuticals, food and beverage etc.) and in-depth region wise analysis (North America, Latin America, Western Europe, Asia).

Behavioural Health Market is projected to expand at 3.4% CAGR over the forecast period of 2022-2028, and is expected to be valued at US$ 156.3 Bn by 2028 end

Future Market Insights (FMI) offers a 10-year forecast on the global behavioural health market. The primary objective of the report is to offer updates and information related to market opportunities in the global behavioural health market.

Report Description

In terms of revenue, the global behavioural health market is expected to register a CAGR of 3.4% during the forecast period of 2018–2028. The primary objective of the report is to offer insights on the market dynamics that can influence the growth of the global behavioural health market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global behavioural health market are presented in the report.

Global demand for behavioural health services is increasing as a result of rising number of mental illnesses and substance abuse disorder cases. Merger & acquisition activity among service providers, stabilization of inpatient treatment centers, recovery and support services, adoption of new treatment techniques are expected to spur the demand of behavioural health market. Increase in global healthcare expenditure, adoption of behavioural health care services, insurance policies for mental health are expected to boost the market growth.

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Revenue from the behavioural health market in North America is expected to grow at highest rate due to increasing awareness and improved mental health care system. To understand and assess opportunities in this market, the report offers market forecast on the basis of service type, disorder type and regions. The report provides analysis on the global behavioural health market in terms of market value (US$ Mn).

The report begins with market definition, followed by definitions of different disorder type. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of global behavioural health market. Opportunity analysis provided in the section allows client to better equip their clients with crystal clear decision making insights.

Subsequent section of the report provides analysis of market on the basis of regions, and presents forecast in terms of value for the next 10 years. On the basis of regions, the global behavioural health market is segmented into:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • Italy
    • France
    • Spain
    • UK
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific Excluding Japan
    • India
    • China
    • ASEAN
    • Australia & New Zealand
    • Rest of APEJ
  • Japan
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Next section provides competitive edge for global behavioural health market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the behavioural health market. Competition landscape section provides dashboard view of the activities of major players in the global behavioural health market. Company profile section provides information on key offerings of each player in global behavioural health market, their direct & indirect presence, revenue, key developments and strategies and SWOT analysis. Key players included in this report are  Acadia Healthcare Co., Inc., Universal Health Services, Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Services Inc., Behavioral Health Network Inc., North Range Behavioral Health, Strategic Behavioral Health, LLC, Seton Healthcare Family (Ascension Health), Ocean Mental Health Services Inc..

The next section analyses market on the basis of service type and presents forecast in terms of value (US$ Mn) for the next 10 years. Service type included in the report are:

  • Outpatient Counselling
  • Intensive Case Management
  • Home-based Treatment Services
  • Inpatient Hospital Treatment
  • Emergency Mental Health Service
  • Others

The next section analyses the market on the basis of disorder type and presents forecast in terms of value (US$ Mn) for the next 10 years. On the basis of disorder type, the global behavioural health market is categorized into:

  • Anxiety Disorder
  • ADHD
  • Bipolar Disorders
  • Depression
  • Eating Disorder
  • Post-traumatic Stress Disorder(PSTD)
  • Substance Abuse Disorder
  • Others

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In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the global behavioural health market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from sales and delivery perspective for services offered by behavioural health market. To understand key segments in terms of their growth and performance in the global behavioural health market, Future Market Insights has developed a market attractiveness index. The resulting index would help providers to identify existing market opportunities.

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Mammalian Transient Protein Expression Market – The mammalian transient protein expression market has reflected steady growth on the back of growing demand from the biomedicine sector. Efforts into vaccine development continue to create possibilities for new opportunities.

In Vitro Fertilization Banking Services Market – According to the Centers for Disease Control and Prevention (CDC), about 10% of women in the United States between ages 15 to 44 years have infertility while the rate of male infertility is 4.5-6% in North America.

Cryopreservation for In-vitro Fertilization (IVF) Market – According to analysis by Future Market Insights (FMI), cryopreservation for IVF market surpassed a valuation of US$ 339 million in 2019. The market is set to reflect an impressive 10.2% CAGR through 2030.

About FMI       

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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The Policosanol Market Is Expected To Surpass US$ 282 Mn In 2021

The policosanol market is growing at a significant rate owing to increasing benefits derived from policosanol in the nutraceutical industry. According to a study by Future Market Insights (FMI), the overall valuation of the market is expected to surpass US$ 282 Mn in 2021. Growth will remain positive, especially as industries realize the clinical utilities of policosanols.

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The presence of antioxidant properties in policosanol has resulted in its inclusion in the treatment of degenerative diseases like cardio-vascular disease and diabetes. Therefore, increasing health conscious among consumers is fuelling the demand for policosanol products.

Along with nutraceutical properties, policosanols have proven beneficial in acne treatments, skin repairing that makes it even more used ingredient worldwide. Several dermatologist and dieticians around the globe consider policosanol as a key compound, which is easily available in plants such as sugarcane, wheat, and rice.Policosanols are very useful for acne prone skin as these ensure that pores are clear of oil as it acts as an anti- seborrheic agent.

Other skin benefits of using policosanol products are it reduces ageing process and helps in skin tightening. Escalating demand for policosanols in cosmetic and personal healthcare products is a major factor driving the policosanols market growth during the forecast period.

Consumer areeven suggested to make policosanol a part of their dietary intake. Policosanol at extraction stage is a potent source of active enzymes, minerals, vitamins, and proteins. Therefore, increasing health consciousness among consumers is fuelling the demand. According to the report, dietary supplements segment will emerge as a key application, accounting for over 30% of sales in the market in 2021.

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Key Takeaways from Policosanols Market Study

  • Increasing focus on health and wellness will drive sales, enabling the policosanol market exhibit 5.9% CAGR between 2021 and 2031
  • The U.S holds over 80% share in the North America policosanol market, thanks to increasing use of policosanol as a key ingredient in pharmaceuticals and nutraceutical formulation
  • The U.K. will emerge as a chief market, exhibiting steady y-o-y growth at 2.2% in 2021
  • Increasing focus on health and wellness will drive sales in France and Germany
  • East Asia remains a chief market, driven by increasing demand from China and South Korea

“Diverse applications will continue supporting the expansion of policosanols market. Steered by ongoing trends, manufacturers are likely to focus on product launches to be able to offer products that suit consumer requirements,” said a lead analyst at FMI.

Application in Cosmetic Industry Will Boost Growth

Consumers have become conscious about their skin and are looking for natural products especially for skincare and hair care. Cosmetics and skin care industry has seen tremendous surge in the use of policosanol moisturizer products as it provides various skin benefits such as tissue repair, elasticity, and depigmentation, thus making the skin look healthy and radiant.

Use of Policosanol in Animal Feed is Fueling the Demand

Policosanols aremostly used in specialized feeding applications with monogastric animals, such as in milk replacers. The use of policosanol in pet foods as well as livestock feed has shown animprovement in the animals’ overall health. Manufacturers have great scope of business as in animal feed industry and animal feeders are demanding plant derived products as  more effective in terms of nutrition.

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Who is winning?

Some of the key players operating in the Policosanols market areAmbePhytoextracts, Marcor- An Azelis Company, Douglas Laboratories, Now, Garuda International, Inc, Hainan Zhongxin Chemical, Hainan Zhongxin Chemical, Herblink Biotech Corporation, HuzhouShengmaBiochem Co. Ltd.Key players are adopting strategies like new product development, acquisition, sustainable partnership with distributors etc. for policosanols market.

  • In 2019, Garuda International, Inccompanyhas launched upgraded version of LesstanoL® Sugar Cane Wax Policosanol / Octacosanol. It is a ingredient which can used in many types of formulation of dietary supplement tablets or capsules.
  • In 2019 ZOI Research, The company launched its Certified-Organic version  ZOI Research, Cholesterol Support, 90 Vegetarian Capsules. To ensure lipid metabolism for cholesterol level management.
  • In 2020 India Glycols Ltd., The company launches various Phytochemicals / nutraceuticals as Ennature Biopharma is in the business of manufacturing natural active pharmaceutical ingredients (APIs), standardized botanical extracts and spice extracts for the beverage, dietary supplement, functional food, pharmaceutical and cosmeceutical industries.
  • In 2019 Mediplus, The company launched policosanols tablets . It is a packet of 60 tablets that is formulated using advance techniques in New Zealand. It not only support healthy cholesterol levels but also enhances stamina.
  • In 2020 Cyvex Nutrition, Inc., The company launched new tablets called as Swanson Ultra Policosanols supplements.These supplements are among the best sellers in 2020. It helps in maintaining a good cardiovascular health. As policosanols help in combating health issues.