Market Research Blog – Page 13292 – New Product Development

Pea Grits Market 2022 | Present Scenario and Growth Prospects 2028

Growing health consciousness towards consumption nutritious diet has fuelled the demand for pea grits across the globe, over the years. Pea grits are the coarse grounded particles of peas which are consumed as a meal. Pea grits are the native cereal meal which is commonly consumed in the southern regions of North America. Over the years, pea grits are consumed in various forms across the world due to tremendous development in food processing and food servicing industries. Pea grits are sourced from both yellow and green peas with reference to regional availability. As a traditional food, pea grits are popularly consumed as one of the staple breakfast in the American and western countries which has created a demand for pea grits. Not only in households, but pea grits are also consumed as one of tasty succulent in restaurants and hotels in a variety of cuisines. Due to its easy binding ability, pea grits are taken along with seafood such as prawns and blackened shrimps. Pea grits are also used as a flavor enhancer in sauces and sausages such as pesto. In the European cuisines, pea grits are taken along with pork, bacon, chicken, and others to experience the variant flavors. Bound to the growing consumption of pea grits in various sectors and regions it is anticipated that, the global pea grits market would remain positive during the forecast period.

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Pea Grits as a Source of Vegan Protein

The pea grits are not only used in food processing and food servicing industries, but also used in poultry feeds as well. Due to the presence of higher protein concentration, pea grits are used as one of the key ingredients in bird foods. The demand and preference for protein-rich ingredients such as pea grits is increasing, owing to growing consumer awareness regarding health benefits offered by natural ingredients, as well as concerns regarding a source of ingredient and quality. Demand for vegan proteins and natural ingredients is on the rise which resulted in the incorporation of vegan proteins such as pea grits in savories in recent years. As an instant, delicious and protein-rich cereal breakfast, it can be anticipated that, pig grits have growing demand among the consumers and food processors across the world in the future.

Pea grits Market: Key Players

Some of the key players in the global pea grits market include Best Cooking Pulses, Inc. etc.

Opportunities for Market Participants:

As flavoring and binding agent pea grits have escalating demand among the consumers, it is expected that there will be stronger revenue generation for the market participants of global pea grits. In addition, pea grits are being used as a key ingredient in nutrition-dense poultry feeds which has growing demands every year. Increasing number of continental restaurants and food processing industries also drives the demand for pea grits across the world. Bound to these factors, it is anticipated that there will be higher returns for the industrialists and manufacturers of pea grits in the future.

Global Pea grits: A Regional outlook

Pea grits are highly produced and consumed in North America, as a traditional breakfast cereal. Increased demand for nutritious and instant breakfast accounts for its high consumption. In North America, pea grits are consumed in higher frequencies as a staple breakfast. In the regions of Latin America, the pea grits are utilized as a porridge in recent years. In the region of Europe, pea grits are commonly used in most of the continental dishes which are served with seafood. Pea grits are widely utilized in savories and other processed foods in the Asia Pacific due to increased restaurants and other food services. In the region of the Middle East and Africa, pea grits are being used as healthy snacks in minimal quantities as it is not well established, however, pea grits have spurring demand among the consumers and food industrialists. It is expected that the global pea grits market would proliferate in terms of value and volume in the future.

Brief Approach to Research

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

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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
Market Drivers and Restraints

Global Pea Grits Market: Market Segmentation

On the basis of product type, the global pea grits market has been segmented as:

Green Pea Grits
Yellow Pea Grits

On the basis of end use, the global pea grits market has been segmented as:

Food Processing
Poultry Feeds
Food Services
Households
Others

On the basis of flavor, the global pea grits market has been segmented as:

Sweet
Savory

On the basis of the distribution channel, the global pea grits market has been segmented as-

B2B
B2C
Hypermarkets/Supermarkets
Convenience Stores
Specialty Retail Stores
e-Commerce
Other Retail Formats

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Global Pea grits Flour Report Highlights:

A detailed overview of the parent market
Changing market dynamics in the pea grits flour market
In-depth market segmentation of pea grits flour
Historical, current and projected market size of pea grits flour in terms of volume and value
Recent industry trends and developments of pea grits flour
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on pea grits flour market performance
Must-have information for market players to sustain and enhance their market footprint

Clary Sage Oil Market 2022 Development Status, Competition Analysis, Type and Application 2028

Clary Sage Oil is extracted from the clary sage herb, also known by the name Salvia Sclarea, a plant native to the northern Mediterranean Basin and traditionally found in France, Syria, and Italy. Today, these plants containing large lavender colored leaves are found across the globe, mostly in European regions as well as Russia, England, and U.S. The clary sage oil is derived from the bud and leaves of the plant through steam distillation method. The herb clary sage gets its name from a Latin word meaning clear and has been used during the Middle Ages for improving vision and cleaning eyes. Further, the clary sage oil is also given the name ‘muscatel oil’ owing to its applications as a flavoring agent in muscatel wine traditionally. The clary sage oil compromises of several essential components such as geraniol, sclareol, neryl acetate, terpineol, and others. The clary sage oil offers several health and medicinal benefits owing to its properties as an antidepressant, antibacterial, anti-inflammatory, deodorant, astringent, and more. These properties of the clary sage oil offer a wide range of health benefits such as relieving insomnia, combating infections and bacteria attacks, relieving anxiety, and several others. The clary sage oil is also a good ingredient in cosmetic industry accounting for its action to regulate the production of oil in the skin thus, balancing out oily and dry skin and in turn providing a youthful and radiant look. In addition, the aroma and health benefits offered by the clary sage oil makes it an ideal oil in aromatherapy.

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Clary Sage Oil gaining widespread popularity across the globe owing to its significant medicinal properties

The clary oil is gaining widespread popularity on the backdrop of its manifold advantages offered by it. Some of the properties of clary sage oil which are primarily driving its market are its potential use in curing several health issues, insomnia, for reducing anxiety, relieving stress and allergies, and in cosmetics. Moreover, the clary sage oil also eliminates bad odors and used in perfumes and as house refreshers. The growing awareness among common consumers regarding the health benefits of consuming clary sage oil is by far the leading driver in favor of the global clary sage oil market. The market for clary sage oil is also expected to continue being augmented by strengthening research and development efforts towards the introduction of new products consisting these oils with greater functionality and the incorporation of newer blends suitable for various applications. Globally, the clary sage oil and aromatherapy market are estimated to escalate at a higher growth rate due to the high awareness about the healing properties of these essential oils and oils used for aromatherapy, on a global level.

The restraints of clary sage oil market are relatively few, however are potential to affect the market and include the weak penetration in the market owing to the lack of awareness amongst the population regarding the product and selection of potential alternatives. Also, a few cases have been reported owing to the side-effects of clary sage oil, however are not medically proven yet.

Global Clary Sage Oil Market: Key Participants:

Some of the market participants in the global Clary Sage Oil market identified across the value chain include Indian essential Oils, The Essential Oil Company, Biolandes, Bontoux S.A., Augustus Oils Ltd, M&U International LLC, Avoca Inc., Lluch Essence S.L., Lansdowne Chemicals, and TAYTONN PTE LTD among others.

Opportunities for Participants in the Clary Sage Oil Market:

There are widespread opportunities for players to grow in the clary sage oil market owing to no significant market participant and growing demand and popularity among consumers for products supplementing health and nutrition. Further, the applications of clary sage oil and aromatherapy is increasing in the medical field, thereby increasing its demand all around the globe. Rising consumer experimentation for unconventional health problems aiding therapies is supporting the growth of the clary sage oil and aromatherapy market and thus, giving opportunities to the companies in the market. The European countries have been top exporters as well as manufacturers of the clary sage oil market followed by North America. Furthermore, Asia will remain as a potential market attributing to the growing economies of India and China. The great potential in the clary sage oil market can be attributed to its diverse uses.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Shifting industry dynamics
In-depth market segmentation
Historical, current, and projected industry size and recent industry trends
Key competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Competitive landscape of the market, including detailed profiles of the top players in this market

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, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Global Clary Sage Oil Market: Market Segmentation:

On the basis of type, the global clary sage oil market has been segmented as:

Pure Clary Sage Oil
Compound Clary Sage Oil

On the basis of Applications, the global clary sage oil market has been segmented as:

Cosmetics
Healthcare
Aromatherapy
Food and Beverages
Others

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Savoury Seasoning Market 2022 | Scope of Current and Future Industry 2028

Consumers have a growing preference for strongly flavored foods. Seasoning is an integral part of cuisine as it is responsible for adding aroma and taste to the food. The seasoning used chiefly in snacks or other savoury products to enhance the flavor of food are referred as savoury seasoning. The savoury seasonings include herbs, spices and seasoning salt which add-ons the nutritive, aromatic and taste profile of the food. Attributable to globalization combined with developing impact of western nations, the savoury seasoning market has grown significantly. Global savoury seasoning market is growing immensely due to the rising number of consumers considering seasoning to supplement their meals with better palates. Another motivation for the growth of savoury seasoning market is the preference of consumers for homemade seasonings due to the curative nature associated with them.

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The growing processed and ready-to-eat food products opens the way for savoury seasoning

The demand for the savoury seasoning is anticipated to increase over the forecast year owing to increasing consumption of processed and ready-to-eat meals. The demanding work culture in cities mostly results in increased work time, which makes it difficult for consumers to spend time cooking food at home. Hectic lifestyles have forced consumers to opt for ready-to-eat meals or other processed food items. These processed food and ready-to-eat meals use savoury seasoning to provide consumers with delicious, affordable, and flavorful food thus making savoury seasoning popular among consumers. The second driver for the growing demand for savoury seasoning is improving consumers standard of living and increasing per capita consumer spending, which has resulted in consumers opting for better quality food products both regarding nutrition and taste resulting in growing market for savoury seasoning. The third driver fuelling the growth of savoury seasoning is increasing the demand for snacks, soups, spreads, dressings, and other cuisines which have seasoning as one of the prominent ingredients to enhance the taste.

Global Savoury Seasoning market: Market Participants

The key market participants identified across the value chain of the global Savoury Seasoning market are: Firmenich SA, Frutarom Ltd., Takasago International Corporation, WILD Flavours and Specialty Ingredients Inc., Symrise AG, Givaudan Flavours Corporation, Kerry Group plc. and International Flavours & Fragrances Inc

In October 2017, Sensient Technologies Corporation launched value-added taste modulations sourced from Natural Origins botanicals collection includes herbs such as hop, basil and sage, spices such as cardamom, saffron and pink pepper.

Opportunities for Savoury Seasoning market:

The demand for savoury seasoning is expected to witness a profit making market in regions like Western Europe and the Asia Pacific owing to the increasing use of traditional seasoning and spices in popular cuisines to enhance the flavor and aroma of the food. The developing regions like Middle East and Asia Pacific will prove to be good market for the savoury seasoning due to increasing market for processed and ready-to-eat food and increasing per capita disposable income of the consumers in these regions.

Key Data Points Covered in the Report –

Some of the key data points covered in our report on include:

An overview of the Savoury Seasoning market, including background and evolution
Macroeconomic factors affecting the Savoury Seasoning market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the Savoury Seasoning market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major participants in Savoury Seasoning market
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the Savoury Seasoning market, including detailed profiles of the top players in this market

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7827

The report covers exhaust 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)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Savoury Seasoning market: Market Segmentation

On the basis of nature, the Global Savoury Seasoning market has been segmented as:

Organic
Conventional

On the basis of product type, the Global Savoury Seasoning market has been segmented as:

Savoury seasoning salt and salt alternative
Savoury seasoning herb
Savoury seasoning spices
Savoury seasoning blends (mixed)

On the basis of application, the Global Savoury Seasoning market has been segmented as:

Processed foods and ready-to-eat meal
Chilled
Ambient
Frozen
Snacks
Meat and Seafood
Spreads, seasonings, and dressing
Soups and sauces
Others

On the basis of end user, the Global Savoury Seasoning market has been segmented as:

Retail/Household
Food Service Provider
Food Manufacturer

On the basis of distribution channel, the Global Savoury Seasoning market has been segmented as:

B2B
B2C
Hypermarkets/Supermarkets
Convenience Stores
Small Groceries
Specialty Stores
Online Retail

On the basis of region, the Global Savoury Seasoning market has been segmented as:

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
The Middle East & Africa

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Crystal Malt Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028

Crystal malt is a category of malt made from specialty grains and is used to incorporate and manipulate the flavour and colour of any brew. Crystal malt is a conventional British colour malt next to chocolate, amber, brown, and black malts, and is used to provide the desired colour to any beer and other beverages. Crystal malts are valued conferring to their colour depth, which is usually expressed in degrees Lovibond (°L). Crystal malts range from 20° L to around 200° L with the most common crystals in the range of 30° to 40°. Crystal malt is prepared from steeped and germinated barley grains. The germinated grains are then stewed followed by a process called as kilning. Addition of crystal malt is a common way to add a sweet essence to beer. The saccharinity of crystal malt has distinctive caramel tone, and thus the crystal malts are occasionally called as caramel malts. Crystal malt sweetness is the main characteristic of numerous styles of beer.

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Beer Breweries to Remain Major Consumers of Crystal Malt:

The key driver for the growth of crystal malt market is the use of crystal malt in the beer industry, which is growing at a rapid rate. The beer is one of the most popular beverage among consumers, and hence brewers are coming up with various innovations and ingredients to modify and innovate the beer offering. The crystal malt is used to provide colour and flavour to the beer; hence its demand is anticipated to increase over the forecast year. The unique caramel-like flavour and sweet taste, along with intense colour, makes crystal malt a popular choice for manufacturers of beer. Besides, the crystal malt is widely used in other beverages and food products, especially baked goods and confectionery, to imbibe flavour and colour to them. Hence, with an increase in the market for food and beverages, the market for crystal malt will also witness a profitable growth. The increasing use of organic crystal malt in the production of breweries is further fuelling the growth of the crystal malt market.

Global Crystal Malt market: Market Participants

The key market participants identified across the value chain of the global Crystal Malt market are: Cargill, Inc., Minch Malt Ltd, Simpsons Malt, Great Western Malting, Crisp Malting Group Ltd, BSG CraftBrewing, Proximity Malt, among others.

Opportunities for Crystal Malt market:

Europe and North America are expected to dominate the market for crystal malt with their substantial production of brewery and malt products. The total malt export of Europe accounts for approximately 60% of the global malted barley. The Asia Pacific region is anticipated to account for a momentous share of the global crystal malt market during the forecast period. The per capita beer consumption, upsurge in population, growing local breweries, increasing awareness of craft beers, purchasing power of population, and speedy growth in malting technologies are leading to the growth in prospects in the Asia Pacific region for crystal malt.

Key Data Points Covered in the Report –

Some of the key data points covered in our report on include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major participants in market
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7825

The report covers exhaust 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)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Crystal Malt market: Market Segmentation

On the basis of nature, the Global Crystal Malt market has been segmented as:

Organic Crystal Malt
Conventional Crystal Malt

On the basis of source, the Global Crystal Malt market has been segmented as:

Barley
Rye
Wheat

On the basis of end use, the Global Crystal Malt market has been segmented as:

Beer Breweries
Beverages
Alcoholic
Non-alcoholic
Bakery and Confectionery

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Woodworking Machines Market 2022 Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

Woodworking machines are largely adopted in countries, such as the U.S., China and Germany to deliver highly precise and quality products as per customer needs. These machines largely help manufacturers reduce wastage of wood and thereby, improve their profitability margin. Moreover, the increasing focus of customers to replace old furniture to rehabilitate their office and house is expected to drive growth of the global woodworking machines market. Additionally, the shifting focus of furniture manufactured using conventional tools to furniture manufactured using automatic machines is further projected to escalate the demand of woodworking machines in near future.

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Based on operating principle, mechanical woodworking machines are expected to dominate the market. However, electric machines are anticipated to witness significant growth in near future, owing to increasing preference of smart machines in countries, such as the U.S., Europe and India. Based on end use industry, the furniture industry is expected to dominate the segment in terms of revenue, owing to the high adoption of automated machines to deliver high quality products to customers. However, the construction industry is expected to witness high growth in the near future, owing to increasing demand of these machines from the construction industry. The global woodworking machines market is expected to grow during the forecast period.

Woodworking Machine Market: Drivers

Increasing demand for wooden furniture and engineered wood is expected to drive the growth of global woodworking machines during the forecast period. Rise in residential and commercial buildings, clubbed with the increasing preference of occupants towards the aesthetic look of their buildings is further anticipated to fuel growth of the woodworking machines market. Additionally, increasing preference towards automation of manufacturing units to improve productivity and enhance overall efficiency is further expected to escalate the demand for woodworking machines in the near future.

Woodworking Machine Market: Restraints

One of the major factors restricting growth of the global woodworking machines market is lack of skilled labor. High initial cost of the machines, coupled with maintenance expenditure is anticipated to hamper growth of the woodworking machines market. Moreover, impact of BREXIT on the timber industry is expected to challenge the overall growth of the global woodworking machines market.

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Woodworking Machine Market: Segmentation

The global woodworking machine market can be segmented on the basis of operating principle, product type, and end-use industry. On the basis of operating principle, the global woodworking machines market can be segmented into mechanical and electric. On the basis of product type, the market can be further segmented into thickness planer, grinding machines, chain/chisel mortise, routers, and others (saw, drills, etc.). On the basis of end-use industry, the market can be segmented into construction industry and furniture industry.

Woodworking Machine Market: Regional Outlook

Based on regions, North America is expected to dominate the global woodworking machines market, owing to increasing automation of manufacturing units in this region. Latin America and Europe are projected to witness significant growth during the forecast period. Asia Pacific, led by China and India is anticipated to be a promising revenue generating region, owing to increasing construction projects in this region, coupled with increasing adoption of advanced machines. Middle East & Africa is expected to witness moderate growth during the forecast period, due to the limited adoption of woodworking machines in this region.

Woodworking Machine Market: Market Participants

Examples of some of the prominent market participants identified in the global woodworking machine market:

Biesse Group
Durr
IMA-Schelling
SCM Group
KTCC Woodworking Machinery
Woodworking Machine – Oliver Machinery
Holytek Industrial Corporation
WEINIG Group
Cantek America
Gongyou Group

The global woodworking machines market is highly fragmented due to the presence of large number of regional and global players. Regional players choose quality service and competitive pricing as their winning strategy over global players. In response to this, global players are largely involved in merger & acquisition and partnership activities in order to enhance their profitability margin and market share.

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.

For any queries linked with the report, ask an analyst
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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 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.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Modular belt drive Market: Global Industry Trend Analysis and Forecast to 2017 – 2027

Modular belt drives are becoming a common sight in myriad production environments, complemented by their multifunctional attributes and relative durability. The requirement of end-users for scalability in production lines has led the introduction of versatile modular belt drives that enable diffusion of static electricity build-up, improvement in heat resistance, prevention of freezing, and convenience in friction management.The global modular belt drive market is majorly driven by the modular belt manufacturing companies. These companies due to wide industrial applications in food, beverage, pharmaceuticals, and logistics favors the overall market of modular belt drive. Belt drives are simple and economical to use and do not need any parallel shafts. It facilitates the user to avoid jam or any overload of the products over the belt. Modular belt drive helps to increase plant efficiency and reduce manufacturing costs incurred due to plant downtime.

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Staying agile in a restless, dynamic market has grown more crucial than ever for the equipment & machinery manufacturers, with changes in technology necessitating existing production lines to adopt speedy turnaround times. As the dependency of modern manufacturing on flexible production systems increases, the adoption of advanced conveyor systems and modular belt drives is gaining robust momentum abreast surging pressure in the material handling environment.

Modular Belt Drive Market – Notable Developments

Key players operating in the modular belt drive market include Dunlop Btl Ltd., Abb Automation Products GmbH, Bode Belting GmbH, Habasit AG (Habasit Group), Scan Belt A/S, Central Conveyor Limited, and Martin Sprocket & Gear, Inc. Companies in the modular belt drive market are focusing on the provision of solutions such as in-line accumulation and systems integration.

WorkSmart has recently introduced two modular belt drives, namely, the Friction Flow and the Flexi Flow, which can be mounted between the workstations and transport line track sections. These belt drive complement flexibility in in paced line and return track operations. A fractional horsepower of 90 v DC or 120v AC reduction gear motor supplies the motive power to these modular belt drives of WorkSmart.
Heat and Control introduced its new modular belt drive system SwitchBack^TM that enables in-line accumulation of poultry, frozen meat, delicate snacks, and various other food products. This modular belt drive deprives the need for preventative maintenance, reduces product breakage, and saves floor space. This modular belt drive also prevents build-up of product coatings and seasonings and eliminates the mid-shift cleaning downtime.

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Modular Belt Drive Market – Dynamics

Growing Popularity as a Strategic Tool to Favor Gains

Achieving scalable and versatile configurations in the production flow has been facilitated by modular belt drive deployments, meanwhile reducing the downtime linked with adjustments, reconfigurations and repairs that affect the bottom line. Modular belt drives continue to gain popularity as strategic tools in production environments, with their potential to enhance the process flow in most of the heavy- as well as light-duty applications.

Modular belt drive manufacturers have been gradually making smaller changes in accessories and configurations, for a holistic probe into the hidden value of modular belt drive in optimising cost-savings and productivity. The flexibility of truly modular belt drives in terms of portability has significantly complemented their adoption in recent years. As the emphasis on maximum uptime continue to spiral up in production and processing facilities, development of low-maintenance modular belt drives that promote indexing, reversing and cutting power is one of the key strategies among players in the modular belt drive market.

Introduction of Intelligent Systems to Complement Demand

Modern designs of modular belt drives feature intelligent control systems that keep track of the belt-side load even as monitoring the operational status. Such advances in modular belt drives, such as the integration of smart systems that facilitate optimisation of operational procedures via dynamic simulations are expected to favor growth of the modular belt drive market. Key players in the modular belt drive market have also introduced automated modular belt drives that apply motion control for delivering programmable positioning, even at low resolutions.

Demand for more compact, efficient and economical positioning methods of the modular belt drive has gained a robust emphasis in the production and processing industries, given the concerns of time and floor space. Virtual prototyping of the modular belt drives is fast becoming a reality, with growing number of the dynamic simulation packages introduced by key vendors in the modular belt drive market. OEMs can now select from a range of automated modular belt drive.

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Customisation, Shorter Turnarounds & Competitive Pricing – Key Stakeholder Strategies

Modular belt drives continue to witness adoption as the building blocks to cater needs of changing product flows, in turn complementing lean manufacturing – a key winning imperative for companies operating in the modular belt drive market. Development of modular belt drive, which enables changing shape, is composed of interlocking units, and is self-contained to be configured for meeting alterations in production flow, is one of the primary focus areas of the manufacturers.

Companies in the modular belt drive market are focusing on the supply side dynamics in the value chain through shorter turnarounds and competitive pricing. Key companies are developing modular belt drives to provide for high-performance requirements, such as in washing or dewatering processes. Varying perceptions of unique flexibility among the modular belt drive manufacturers has meant that the development of modular belt drives that precisely fit end-use requirements is made highly convenient. This has further deprived the requirement for new conveyor systems for every change at the application-end, improving uptime and saving costs for end-users.

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 of the global modular belt drive market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with modular belt drive market attractiveness as per segments. The report also maps the qualitative impact of various factors on modular belt drive market segments and geographies.

Modular Belt Drive Market – Segmentation

The modular belt drive market segmented on the basis of belt drives, position of the drive, modular belts, size, design, material, end-use industries, and region.

The modular belt drive market is segmented on the basis of belt drives into

Light drives
Medium drives
Large drives

The modular belt drive market is segmented on the basis of position into

Front end
Center
Rare end
Below
Side

The modular belt drive market is segmented on the basis of modular belt types into

Straight belt
Radius
Spiral

The modular belt drive market is segmented on the basis of size into

Nominal pitch
Micro pitch

The modular belt drive market is segmented on the basis of design into

Closed hinge design
Open hinge design
Dynamic open hinge design

The modular belt drive market is segmented on the basis of material into

Polypropylene
Polyethylene
Poly-oxy-methylene (Acetal)
Polyamide (nylon)

The modular belt drive market is segmented on the basis of end-use industries into

Food processing
Beverages
Can making
Automobile/tire manufacturing
Packaging

Report Highlights:

A detailed overview of parent market
Changing modular belt drive market dynamics in the industry
In-depth modular belt drive market segmentation
Historical, current, and projected modular belt drive market size regarding volume and value
Recent industry trends and developments in modular belt drive market
Competitive landscape of the modular belt drive market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on modular belt drive market performance
Must-have information for modular belt drive market players to sustain and enhance their market footprint

Global Pre-Insulated Pipe Market to grow at nearly 5.8 % during 2021-2031

Global pre-insulated pipe sales are set to be valued at US$ 5,470.5 Mn in 2021, with a stable long-term projection, according to the latest market study from Future Market Insights, ESOMAR-certified research, and consulting firm. The report estimates the global pre-insulated pipes market to grow at nearly 5.8 % during 2021-2031. The report offers analysis in 20+ high-growth countries, providing detailed insights on pre-insulated pipes configurations and applications that are likely to evolve in the coming decade.

Demand for pre-insulated pipes grew moderately during 2020, affected by the COVID-19 pandemic and also influenced by developments in the end-use sector of district heating & cooling, oil & gas, among others. However, considering the possibility of economic stimulus in many countries, the long-term outlook on the market remains positive.

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Key Takeaways

District heating and cooling system applications will witness higher demand owing to a growing transition away from conventional electric HVAC insulation.
Polymer composite materials are projected to hold major market share on the back of UV and corrosion-resistant characteristics.
The U.S. will expand at a steady rate, driven by investments into construction projects and oil exports.
Germany will reflect a strong rise, displaying a 5.8% CAGR through 2031.
GCC countries are a high potential market driven by a lucrative and matured oil and gas sector.
Government investments towards smart city programs are driving notable demand for pre-insulated pipes in India.

“Frequent advancements in pre-insulated pipes configurations and adoption of district heating and cooling systems in recent years has provided impetus to sales and revenue. Increasing demand from suppliers and from end-use industries are propelling growth. The use of polymer materials in pre-insulated pipes is gaining prominence in district heating and cooling systems for efficient transfer of hot and chilled water for commercial and residential applications. The requirement of the modern energy systems is witnessing a steady rise which bolsters sales prospects for pre-insulated pipes as well,” says the FMI analyst.

R&D Collaborations with Local Players Gain Ground

The pre-insulated pipes market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of district heating and cooling that meet the requirements of consumers. Collaboration with local players and developing new technology in the form of smart grid and advanced pre-insulated pipe offerings is a prime strategy expected to gain traction in the forecast period.

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Pre-Insulated Pipes Market

By Material Type

Metal & Alloys
Polymers

By Pipe Configuration

Single Pipe
Twin Pipe

By Installation

Below Ground
Above Ground

By End-User

District Heating and Cooling
Oil & Gas
Chemical
Pharmaceutical
Others

By Region

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

Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Georg Fischer AG, Uponor Corporation, Watts Water Technologies, LOGSTOR A/S, Brugg Group Ag, Polypipe Group PLC, Vital Energi Utilities Limited, Perma-Pipe International Holdings Inc., Elips – Empower Logstor, KE KELIT, etc.

Flexenergy supplied 50 meters of 90mm pre-insulated polybutylene pipe and 100 meters of 75mm pipe in a contract with James House in York for heating and hot water applications in July 2020.
GF Piping Systems announced the acquisition of a 49% 2017 stake in Canada-based piping system manufacturer Urecon Ltd., with a goal of complete acquisition which was completed in 2019.
Empower-Logstor Insulated Pipes Systems announced the opening of the UAEs largest pre-insulated pipe production facility for a valuation of US$ 25 million. Logstor also won a contract to supply 20 kilometers of pre-insulated pipes for Al Jaber Construction.

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Valuable Insights into Pre-Insulated Pipe Market

Future Market Insights, in its new report, presents an unbiased analysis of the pre-insulated pipe market, covering historical demand data from 2016-2020 and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on the pre-insulated pipe market based on material type, has been classified into metals & alloys, and polymers. The phospholipid is also classified based on pipe configuration, installation, end-user, and region. Regionally, the phospholipid market covers North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA.

Precision Gearbox Machinery Market to Reach a Valuation of US$ 6.69 Bn, Fostered by Technological Advancement in Manufacturing Sector 

The global precision gearbox machinery system industry is poised to increase at a steady CAGR of 5.8%, reaching US$ 8.95 Bn by 2032 from US$ 5 Bn in 2021.

“The use of precision gearbox machinery in robotic operations and experiments is significant, giving a push to the market and making it more adaptable for the next generation industry.”

Attributes	Details
Precision Gearbox Machinery Market CAGR (2022 – 2032)	5.8%
Precision Gearbox Machinery Market (2026)	US$ 6.69 Bn
Precision gearbox machinery Market Attraction	Rise in demand of advanced agricultural machineries backed by automated functions and increasing acceptance of industrial robotics in South America to boost market potential.

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Many businesses are working on employing robotics to automate the assembly line. Precision gears with high torque and little noise are used by these robots for accurate picking and positioning of things. Precision gearboxes enable maintenance-free construction, high load capacity, and compact design robots, according to market players.

The adoption of precision gearbox machinery will rise as the demand for automating the manufacturing process grows in order to enhance productivity and eliminate errors and delays. Precision gearbox machinery with customized features is gaining popularity in the industry to meet application-specific needs.

Moreover, the temporary shutdown of industrial units during the lockdown period, the COVID-19 pandemic, had a significant influence on the precision gearbox machinery industry in the first half of 2020.

During the second half of 2020, the market saw a jump in product sales, owing to the digitization of manufacturing processes in numerous industries. This has resulted in a major increase in demand for precision gearbox machinery, which aids in the design of automobile transmission systems.

Manufacturers are fully integrated and involved in the distribution and supply of their products. As a result, the manufacturers are able to increase their market share and strengthen their market position. Furthermore, manufacturers prefer a consultative approach to deliver the best solutions and satisfy the particular needs of their customers.

On account of the factors stated above, the precision gearbox machinery market size is expected to rise to US$ 2.4 Bn by 2026.

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Key Takeaways

The increasing agriculture sector is expected to propel the India precision gearbox grinding machinery market to 9% growth through 2028.

The spike in demand for advanced packaging equipment used in pharmaceutical manufacturing is expected to push the planetary precision gearbox machinery market in the United States to grow at a rate of roughly 6% until 2028.

In 2020, the robotics application category dominated the market, accounting for over 19.0% of total revenue.
In 2020, Asia Pacific dominated the precision gearbox market, accounting for 64.0% of total revenue. The increased use of robotics and automation technology, as well as modern material handling equipment, in numerous industries such as cement, metallurgy, and machine tools, has contributed to this expansion.

Competitive Landscape 

DANOBAT S. Coop, DMG MORI AKTIENGESELLSCHAFT, DVS Technology Group, EMAG GmbH & Co. KG, Gleason Corporation, Lagun Engineering, Liebherr-International Deutschland GmbH, Matrix Precision Co., Ltd., Nidec Corporation, Reishauer AG, Samputensili Cutting Tools S.r.l., J.G. WEISSER S.r.l., and Starrag Group Holding AG are some of the major key players in the market

Industry leaders are concentrating their efforts on research and development in order to introduce innovative precision gearbox machinery and expand their product offerings.

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Precision gearbox machinery manufacturers are concentrating on providing customized goods and services for a variety of industries, including robotics, packaging, automobiles, and material handling, among others.

To suit end user expectations, key industry participants invest extensively in product innovation and customized products. The launch of a tiny and miniature-sized exact lineup of gearboxes used in robotics and motion control industrial applications is the result of continuous design research and development.
  Key industry players are likely to maintain their market position by releasing new items and therefore growing their product portfolio. The industry participants’ positions are likely to be strengthened by product launches with sophisticated features and tailored product offers.

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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Industrial Safety Footwear Market is expected to rise at 6.3% CAGR : FMI

According to an analysis by Future Market Insights (FMI), the industrial safety footwear market is expected to be valued at US$ 18.99 Mn in 2032, with a 6.3% CAGR during the forecast period.

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Rapid industrialization, combined with expanding end-user sectors such as construction, mining, food, pharmaceuticals, and oil & gas, as well as rising government measures to improve worker safety, will drive the industrial safety footwear market forward.

Furthermore, over the projection period, exceptional training programs in conjunction with new severe safety regulations will improve the safety equipment device.

As technology advances and the improvement of existing safety rules and standards, the worldwide industrial safety footwear market is booming. BSI, ILO, and OSHA are just a few of the national agencies following a set of safety recommendations. According to the agencies, employers must offer certified safety gear to their employees during working hours.

Moreover, due to the COVID-19 pandemic, throughout the lockdown time, customers delayed or postponed spending on non-essential products and services, such as footwear, apparel, and home appliances, resulting in a decrease in demand for footwear. In addition, temporary shutdowns of manufacturing units and the closure of manufacturing industries also affected demand for industrial safety footwear.

However, after gaining a better grasp of the problem, the government has enacted several regulations to prevent duplication and maintain product quality. As a result, safety products must pass a rigorous quality check without jeopardizing the safety criteria. For example, the American National Standards Institute (ANSI) develops and oversees industry safety footwear standards, assisting in removing the aforementioned impediment.

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There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality.

Key Takeaways:

With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020.
In 2027, the construction industry’s industrial safety footwear market is estimated to exceed USD 4.95 billion.
By 2027, the North American market is estimated to reach USD 5.40 billion, with a CAGR of over 6% during the forecast period. In North America, manufacturing is the fastest expanding application segment for industrial safety footwear.
Over the forecast period, the rising adoption of health and safety standards to prevent workplace fatalities is predicted to boost the demand for safety footwear.

Competitive Landscape:

Manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.

Honeywell International, Inc, JAL Group France SAS, COFRA S.r.l, Rock Fall Ltd, Uvex Group, Anbu Safety Industrial Co., Ltd, Hillson Footwear Pvt. Ltd, Bata Industrials, and Williamson-Dickie Manufacturing Co. are all significant players in the industrial safety footwear market.

At a safety show in Dubai in February 2020, Rock Fall Ltd introduced new safety footwear designs from its firefighting, electrical hazard, and extreme heat protection boots. This release has the world’s first arc-rated electrical hazard boot. As a result, the company’s launch supports them in improving their portfolio and raising more revenue in the following years.
Major market competitors are working on lightweight composites to reduce the pain associated with typical PVC, such as heaviness and difficulties walking. In addition, expansion is one of the most common tactics businesses use to expand their global reach.

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Key Market Segments

By Material:

Leather
Rubber
Plastic
Waterproof

By Application:

Construction
Manufacturing
Oil & Gas
Chemicals
Transport
Mining
Food
Pharmaceuticals

By Product:

Shoes
Boots

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East & Africa

Electrical Digital Twin Market is Rising at a 12% CAGR; Innovative Technologies to Watch For

As per a new market research report on the electrical digital twin market published by Future Market Insights, the sales of electrical digital twin will advance at a CAGR of 12 percent from US$ 0.9 billion in 2021 to US$ 3.13 billion in 2032.

The increased acceptance of innovative technologies such as IoT and cloud for digital twin applications and attractive digital twin prospects in industries such as aerospace and defense, healthcare, and automotive and transportation are driving demand for electrical digital twin.

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The digital twin is being used in various industries, including automotive, construction, and manufacturing. In addition, firms in these industry verticals are continually leveraging digital twin systems and technologies to evaluate the performance of physical assets and highlight where changes and enhancements are needed to achieve beneficial outcomes.

This aspect is driving many businesses to embrace digital twin software, and it is expected to propel the industry forward in the following years.

Digital twin technologies are being increasingly adopted in various industries, including automotive, manufacturing, energy & utilities, and others, and this is expected to fuel market expansion in the coming years. In addition, the growing adoption of electrical digital twin technology by researchers and medical practitioners to create novel platforms that can enhance care delivery through better patient monitoring is projected to boost the market growth in the following years during the coronavirus crisis era.

Adoption of electrical digital twin necessitates significant investments, collaboration, and long-term willingness on the operator’s part. To maintain a digital twin, operators must develop the necessary technology infrastructure, such as robust IoT deployments and simulation platforms, and integrate data sources from various departments and IoT contextual systems. The extensive use of components of electrical digital twin by diverse stakeholders in the power sector is hampered by these considerations.

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Due to a shortage of experienced workers, significant initial investments are necessary for installation and significant maintenance costs, and this factor is restricting the market’s growth in the predicted years.

Key Takeaways

The increase in spending for the implementation of advanced digital technology to modernize old power generating and distribution infrastructure is propelling the development of the North American electrical digital twin market share.
The system digital twin type sub-segment accounted for the bulk of the worldwide customer base of all the components of digital twin and is expected to maintain its dominance during the forecast period. This dominance is mainly due to the widespread use of system digital twin by various industries, including automotive, manufacturing, oil & gas, energy & utilities, and other verticals, to uncover new revenue-generating potential by lowering costs and improving customer service.
Owing to cloud-based solutions offer numerous benefits, such as scalability, flexibility, cost-effectiveness, and low energy consumption, their adoption rate is growing at a remarkable pace across organizations. The cloud sector of the electrical digital twin market size is anticipated to advance at a healthy CAGR during the forecast period.
The primary electrical digital twin categories in the industry are digital gas and steam power plants, digital grid, wind farm, hydropower plants, and distributed energy resources.

“Increasing R&D efforts and technical advances are two significant market trends driving the expansion of the electrical digital twin business.”

Competitive Landscape

As per the global market study on the electrical digital twin market, the increase in investments for the implementation of advanced digital technology to modernize old power generating and distribution facilities is propelling the development of the North American market. In addition, improved R&D in the fields of cloud, big data analytics, IoT, and IIoT and rising demand for optimal and cost-effective innovations to enhance asset performance and optimize corporate operations are all contributing to regional market expansion.

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Electrical digital twin market key trends & opportunities put ANSYS, Inc., Cal-Tek Srl, GE Digital, Emerson Electric Co., Siemens AG, Cityzenith, International Business Machines Corporation, Wipro Limited, and Oracle Corp as follows: the key participants.

The active companies in this industry have chosen product development and new technology as their primary tactics. IBM, Microsoft, GE, and Siemens increase their R&D spending to develop new products and technology