Market Research Blog – Page 13307 – New Product Development

Intraosseous Infusion Devices Market is expected to reach US$ 7.9 Billion by 2031

According to a recent study by Future Market Insights (FMI), the global intraosseous (IO) infusion devices is expected to witness high growth during the forecast period. The market is expected to grow from US$ 3.5 Bn in 2020 to over US$ 7.9 Bn by 2031. It will therefore register CAGR of around 7.6% over the forecast period (2021-2031).

The increasing number of emergency cases has been propelling the market growth. These cases include strokes, seizures, burns, sudden breathing difficulty, and other health concerns where the use of intraosseous infusion devices is of immense need. Intraosseous infusion devices come into practice when intravenous entry points are unavailable and so treatment is provided through an entry point on the bone marrow.

Intravenous fluid and drug administration is a prime choice in the normal medical procedure as they are comparatively economic and less painful than intraosseous infusion. However, demand for intraosseous infusion is expected to increase on the back of the rise in the need for rapid and high volume infusions during an emergency.

The recent articles posted by CDC in September 2021, states that heart diseases are the leading cause of death which means 659,000 people in the United States die due to heart diseases. This is due to lifestyle changes, cardiac arrest and cardiovascular surgery which are getting common globally with an incidence rate of around 0.7 to 2.9%.

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Defibrillation is the primary resort for cardiac arrest for resuscitation on the failure of which titrated adrenaline is administered through the sternum using an intraosseous infusion device. The rising prevalence of cardiovascular disorder is expected to fuel the demand for IO infusion device market

Healthcare companies are constantly collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients. Thus, delivering high quality care together with advanced technologies, which will further drive the overall market in the forecast period.

June 1, 2020, Becton, Dickinson and Company, acquired acquisition of Straub Medical AG which develops and sells medical atherectomy and thrombectomy devices that treat peripheral arterial disease (PAD) and venous disease. This helped BD explore advancing technologies driving the market.

Currently, the COVID-19 pandemic has changed the opinions and many companies and Governments are indulging themselves in investing in the intraosseous infusion market. This change has driven the market to the next level. In addition, COVID-19 has been a great aperture in exploring one’s business into healthcare. Government is funding companies in improving healthcare infrastructure.

To increase revenue share, the hospitals are focusing on increasing investment in research and development. It is thus, expected for market players to enjoy the lucrative growth of the investing in intraosseous infusion market in the forecast period.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and help companies to sustain the increasing competitive pressure.

Key Takeaways from Intraosseous Infusion Devices Market Study

By product, EZ-IO holds the maximum share of 21.4% in the market in 2021, expanding at 7.6% CAGR during the forecast period.
By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
By technology, the automatic segment will account for more than 50% of the market share in 2021.
By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.
By region, North America holds the largest share of 26.6% of the global intraosseous infusion devices market in 2021.

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies. The key market players covered by FMI include Pyng medical Corp., Cook Medical Incorporated, PerSys Medical, Aero Healthcare, Teleflex, Inc., and Becton Dickinson and Co.

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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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Manometry System Market registered positive growth at 5.4% CAGR, reaching a valuation of US$ 279.6 Million by 2031

Sales of global manometry systems are expected to reach US$ 157.3 Mn in 2020. As per Future Market Insights, revenues for manometry systems are expected to reach US$ 279.6 Mn, expanding at a 5.4% CAGR over the forecast period (2021-2031).

Rise in number of people aged 65 years and older is expected to be the major factor boosting the growth of the manometry system market. In 2018, According to the U.S. Census Board people older than 65 years represent around 13% of the total population; this percentage is expected to reach 20% by 2031.

Rising cases of constipation, fecal incontinence, anorectal pain, pelvic floor dyssynergia and hirschsprung’s among older population is increasing the adoption of manometry systems. Demand for these systems helps evaluate patients and provides many useful data regarding anorectal function and indicates the prognosis of treatment, particularly in the management of sphincter injuries.

Rising demand for non-invasive equipment is driving the demand for manometry system. These systems are non-invasive diagnostic procedure that can detect pressures and sensation in the anus and rectum. With this, they indicate whether the patient’s pelvic function is normal without incision into the body or removal of tissue and has low risks, and complications.

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Further, rising government initiatives and funding supporting the development of product is boosting the demand for manometry system market. Initiatives undertaken by government to enable and boost the ecosystem for the indigenous medical device industry is also stimulating market growth.

Key Takeaways from Manometry System Market Study

By product, system sheath & catheters is expected to account for the largest share of 55.0% in 2021.
In terms of portability, stand-alone system will hold for the largest share of 55.4% in 2021 on the back of its enhanced sensitivity to provide accurate diagnosis of condition
By end user, hospitals accounted for the largest share of 37.9% in 2021 owing to the rising demand for hospital stay that is short-term and increasing number of gastrointestinal processes.
North America is expected to hold largest share of 38.9% in 2021 with the U.S. leading the market during the forecast period.

Who is Winning?

Some of the leading manufacturers of manometry system market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

Several joint ventures, agreements, and loan licensing procedures have influenced the market. The government of developing economies has taken several reforms to develop the market by regulating it to bring out more transparency and by allowing foreign investments in the industry.

New Product launches & approvals have emerged as key growth strategy adopted by the leading players in the manometry system market. Followed by this, acquisition was the second most key strategy adopted by the industry players. By adopting these strategies, it helped the company to expand their regional presence as well as product offerings.

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Cold Laser Therapy Market is poised to expand at a CAGR of 4.4% between 2021 and 2031

According to a recent study by Future Market Insights (FMI), the cold laser therapy market is expected to witness high growth during the forecast period. Sales of cold laser therapy are set to reach US$ 165.4 Mn by 2031. This reflects a CAGR of around 4.4% over the forecast period (2021-2031).

Increasing awareness about various benefits of cold laser therapy is encouraging the adoption of cold laser or low-level laser therapy devices. Application of cold laser therapy in pain relief, treatment of musculoskeletal conditions, and nerve regeneration is increasing the sales in the market. These devices are increasingly installed in home care settings to offer relief from pain or inflammation to patients.

Due to increasing penetration of social media, people of all age groups are becoming overtly anxious about improving their appearance. Hence, the cold laser therapy market is rapidly growing owing to the growing interest in surgically improving appearance.

According to the World Health Organization (WHO), the global population of those above 65 years of age is expected to increase from nearly 1.0 billion in 2018 to around 2.1 billion by 2050 across the world.

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With increasing demand from elder population as their skin is more prone to wrinkles, fine lines, flaccid skin, and other conditions, demand for cosmetic procedures is expected to surge.

Emerging nations such as India, China, Brazil, Russia, Mexico, and South Africa are offering ample of growth opportunities for cold laser therapy devices market. One of the major factor for increased growth is rising prevalence of chronic diseases in the countries.

Exhibiting high demand for cold laser therapy to treat chronic pains, developing nations are likely to emerge as hotspot for cold laser therapy devices manufacturers.

Increasing research and development activities for innovation of novel technology and implementation of favorable reimbursement schemes in most developed countries is another factor fueling sales.

As per the report, key manufacturers are strengthening their supply chains particularly in regions such as Asia Pacific, Latin America and Middle East & Africa. Agreements, partnerships, and collaborations have emerged as key growth strategies adopted by leading players to expand their regional expansion and product portfolio.

For instance, in September, 2019, MedShift announced the 5-Year Strategic collaboration with BTL Aesthetics. The partnership will boost the presence of Emsculpt® device, the first and only technology to non-invasively harness high-intensity electromagnetic energy to firm muscle for a more toned figure.

Key Takeaways from Cold Laser Therapy Market Study

In terms of product, continuous laser devices will account for the largest market share in 2021.
Single wavelength technology will hold the lion’s share in cold laser therapy market. The segment will account for more than 65% of total market share in 2021.
Application of cold laser therapy devices in dermatology will generate highest revenue. As per FMI, the application is expected to account for more than 35% of value share in 2021.
Specialty clinics are expected to be the primary end-users on the back on increasing demand for cold laser therapy for cosmetic procedures. The segment will contribute over 42% of market revenue in 2021.
North America is expected to account for dominant 40.0% in the global market in 2021, with the U.S. spearheading growth in the region.

Some of the leading manufacturers of cold laser therapy market are focusing on product launches, collaborations, and expansion strategies to enhance their market presence.

The key market players profiled by FMI include Apira Science Inc., BioLight Technologies LLC, B-Cure laser Australia, Erchonia Corporation, Theralase Inc., THOR Photomedicine Ltd, DJO Global, Inc., BTL, Spectro Analytic Irradia AB, Photomedex.

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Citrus Powder Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2029

According to a new study by FMI, sales of citrus powder is expected to reach ~US$ 6 Bn in 2019, primarily influenced by the recent reforms coming into fore in the global food sector. In recent years, increasing focus towards cleaning and sanitization has been compelling manufacturers to identify and leverage white spaces in the application of citrus powder, especially in personal hygiene products. Moreover, the consumer proclivity for using chemical-free products with natural ingredients will continue to provide a fillip to sales of citrus powder in 2019 and beyond.

As demand for ‘natural ingredients’ and ‘clean labels’ continue to gain prominence, citrus powder manufacturers are continuously exploring untapped potential of products. FMI’s study finds that significant growth of F&B and cosmetics industry will continue to work to the advantage of the market players.

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The idea of adding citrus powder to different food and beverages products is helping consumers to discover and identify new and refreshing flavors. Apart, from the taste, many consumers are using citrus powder for its nutritional and health benefits. Moreover, the addition of citrus powder to salads, chicken and soups has been a common practice being followed by East Asian consumers for its flavor enhancing and medicinal properties. It further helps elevate the nutritional property of food.

Citrus powder has been garnering significant traction as a viable ingredient in dietary supplements, as it is enriched with vitamin C, phosphorus, minerals and various other health boosting nutrition. Studies have also shown that citrus powder help support heart health, prevent kidney stones, and in weight management.

Opportunities Abound for Market Players in Developing Countries

Being the largest exporters of citrus fruits, the citrus powder market in countries such as Spain, South Africa, China, the U.S. and Mexico has reached its maturity.

According to FMI study, growth opportunities for the citrus powder market players are picking pace in South Asia and Oceania, owing to profound growth of end-use industries including food & beverages, cosmetics & personal care, and others. A sprung in the number of working population, greater awareness of natural ingredients, rapid inclination towards personal grooming, and increased disposable income are further likely to aid in the expansion of citrus powder market in developing countries in South Asia.

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FMI’s business intelligence also underlines groundbreaking insights into the competitive scenario of citrus powder market along with highlights of the manufacturers’ differential strategies. Key players in the citrus powder market will continue to align with global sustainability drive by including ‘organic’ offerings in their existing portfolios, which is likely to help them enhance customer confidence. For instance, LemonConcentrate S.L. – a world class company that belongs to the fruit concentrate sector, – is facing the growing competition of their peers by opening an organic way of farming along with the conventional one. The company is also introducing recyclable packaging materials and providing versatile packaging on the basis of different quantities of citrus powder. Significant improvements in packaging is further likely to increase the shelf life of citrus powder, which has been a major concern among the manufacturers.

In May 2019, Givaudan SA, the world’s largest company in flavor and fragrance industries has expanded their business by acquiring Golden Frog Company which is a Vietnamese flavor company, to increase its regional and local presence. Following the acquisition, the company introduced a range exciting flavors, and the result is likely to lead to expanded customer base.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Citrus Oil Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2029

According to a new study by FMI, sales of citrus oil is expected to reach ~ US$ 3500 Mn in 2019. Growing prevalence of aromatherapy has led to an upsurge in personal care products for both men and women in recent years. Aromatherapy is the use of aromatic substances for relaxation, rejuvenation, and in the treatment of certain minor physical conditions. Practitioners of this method consider that the aroma of natural, organic, and therapeutic oils can have several beneficial effects on the body. Citrus oils can be used in various ways such as in massage, bathing, shower, inhalation, perfume, and others. A recently published report reveals that the global market of citrus oil is projected to reflect a steady CAGR growth over the predicted period, 2019 – 2028.

The citrus oil market will witness a promising growth in the foreseeable future, as consumer awareness regarding the functional properties of citrus oils continue to gain momentum, according to the FMI analyst. In addition, high adoption of natural ingredients in the food and homecare industries is expected to boost the demand for citrus oils in the years ahead.

Increasing consumer preference for plant-derived and natural products is a significant driver for the growth of the global citrus oil market. In addition, organic citrus oils are likely to offer better profit margins, as they are priced higher when compared to conventional variants.

As per the International Trade Centre (ITC) publications, organic bergamot orange oil (cold-pressed and sourced from Italy) was over 2.6X costlier than conventional bergamot oil (2014–2015).

Organic and natural formulations have been on a consistently increasing trend since the past decade, and the trend is expected to continue over the forecast period. As per the USDA, over 75% of the grocery stores carried organic products in the year 2013.

The organic character of food and beverage products and therapeutic oils depends on the way key ingredients such as citrus oils are cultivated. For instance, citrus fruits are considered inorganic if fertilizers and pesticides have been used during cultivation.

Factors Fueling the Global Citrus Oil Market Growth

Citrus oil production is a labor-intensive process as sizeable amount of raw materials (fruit/fruit peel) are required to produce minute quantities of oil. This is a major concern as the expenses involved with flavouring agents such as citrus oils, affect the end-product prices. Therefore, the production advantages offered in developing regions, in terms of low costs and favorable climate, are an important driver for the growth of the market.

The importance and scale of imports from developing regions can be gauged by the fact that the New Zealand Institute for Crop and Food research has considered the low cost of production in developing regions as a major threat to the growth of the domestic market.

Due to such production advantages and high presence of oil in the glands of citrus fruits, citrus oils are relatively cheaper than other essential oils. Moreover, in the view of their widespread availability and ease of cultivation, lemon and orange oils are particularly cheaper.

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Owing to the long shelf life of citrus oils, small product size (usually available in small 10/15 ml vials) and the fragmented nature of the market, online platforms are a particularly strong distribution channel for citrus oils. These, especially offer significant benefits to small-scale manufacturers, who might face various challenges such as exorbitant marketing costs. Online platforms reduce distribution costs considerable, and are highly effective in garnering consumer attention.

This study by FMI offers insights into the Citrus Oil market for the forecast period 2019 and 2028. The citrus oil market is projected to record a CAGR of ~ 4% between 2019 and 2028.

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Measurement Technology in Downstream Processing Market is expected to reach US$ 7.2 Billion by 2028

According to the forecast presented in the report, valuation of the global measurement technology in downstream processing market is anticipated to increase from an estimated US$ 3,772.4 Mn in 2022 to about US$ 6,827.9 Mn by the end of the forecast period in 2028. This reflects a CAGR of 6.1% in terms of value during the period of study.

The global demand for advanced sensor technology has been on a steady rise over the last few years, owing to a growing need for biopharmaceuticals brought about by a rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease. Increased demand for biopharmaceuticals has necessitated the manufacturing of sensor products and this is likely to positively impact revenue growth of the global measurement technology in downstream processing market. Future Market Insights presents a comprehensive forecast of the global market for measurement technology in downstream processing in a new report titled “Measurement Technology in Downstream Processing Market: Global Industry Analysis (2017 – 2021) & Opportunity Assessment (2022 – 2028).” Besides a historical market valuation for the period 2017 to 2021 and detailed revenue projections for the period 2022 to 2028, the report also provides useful information on the key market dynamics – growth drivers, revenue inhibitors, current and predicted market trends, as well as opportunities for manufacturers – with an objective to provide the report audience with pertinent qualitative and quantitative insights on the market.

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Sensors Dominant Product Type in the Global Measurement Technology in Downstream Processing Market

The global measurement technology in downstream processing market is segmented on the basis of product type into Sensors, Transmitters and Controllers, Sensor Housings, Cables and Connectors, and Buffers and Standard Reagents. Sensors are the widely adopted product type with an increased market share throughout the forecast period. Conductivity sensors and cell density sensors are two of the fastest growing sensor types. In 2022, the market volume of the sensors segment was pegged at 4,165.4 (‘000 units) and this is expected to increase to 8,094.9 (‘000 units) by 2028 end.

Single Use to Remain the Most Preferred Modality in the Global Measurement Technology in Downstream Processing Market

On the basis of modality, the global market is segmented into Single Use and Reusable. The single use segment is the fastest growing modality type with a CAGR of 6.9%.

Biopharmaceutical Companies the Fastest Growing End Users of Measurement Technology in Downstream Processing

The global market for measurement technology in downstream processing is segmented based on end user into Biopharmaceutical Companies, Food & Beverage Companies, Contract Manufacturing Organisations, Contract Research Organisations, Academic and Research Institutes, and Others. Biopharmaceutical companies are the largest end users of measurement technology in downstream processing, and this segment is slated to register a CAGR of 7.2% during the forecast period – the highest among all the end user segments of the global market. Food & beverage companies are the second largest end users of measurement technology in downstream processing, and this segment is expected to reach a market valuation of US$ 2,273.2 Mn by 2027 end.

Western Europe Largest Regional Market for Measurement Technology in Downstream Processing

The report studies the performance of the global measurement technology in downstream processing market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. The Western Europe regional market is the largest in terms of revenue, with an estimated market valuation to the tune of US$ 2,677.1 Mn by the end of 2027. However, the Asia Pacific Excluding Japan measurement technology in downstream processing market is projected to witness the fastest growth rate of 8.3% between 2017 and 2027.

70% of the Global Measurement Technology in Downstream Processing Market Comprises Tier 3 Players

The report profiles some of the tier players operating in the global market such as Applikon Biotechnology, Inc., Broadley-James Corporation, Endress+Hauser AG, Thermo Fisher Scientific, Hamilton Company, Mettler-Toledo International, Inc., PendoTECH, PreSens Precision Sensing GmbH, and Sartorius AG. Just about 8% of the global market is represented by Tier 1 players.

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Cardiac Biomarker Diagnostic Test Kits Market is projected to expand at 5.1% CAGR over the forecast period 2022 to 2028

According to the latest market report published by the company titled ‘Global Cardiac Biomarker Diagnostic Test Kits: Global Industry Analysis 2013–2021 and Opportunity Assessment, 2021–2028’, the global cardiac biomarker diagnostic test kits market is projected to expand at a CAGR of 5.1% during the forecast period 2021–2028 and reach US$ 2,540.8 Mn by the end of 2028.

Global Cardiac Biomarker Diagnostic Test Kits Market: Dynamics

Chest pain is a common emergency department (ED) presentation accounting for 8–10 million visits per year in the U.S. The increasing number of patient visits in the emergency department is expected to create growth opportunities for the cardiac biomarker diagnostic test kits market. Obesity has become a global health challenge in the past few decades, with every sixth person being obese. According to the WHO, the number of obese population around the globe has doubled in the last two decades.

The growing obese population, which is at a high risk of developing cardiovascular diseases, is expected to consequently increase the demand for cardiac biomarker diagnostic test kits. Moreover, the leading manufacturers of cardiac biomarker diagnostic test kits are focusing on collaborating with universities and associations to develop and expand their product portfolio. On the other hand, less availability of novel cardiac biomarker diagnostic test kits due to tedious approval procedures is expected to hamper the growth of the cardiac biomarker diagnostic test kits market over the next decade.

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Global Cardiac Biomarker Diagnostic Test Kits Market: Forecast

The global cardiac biomarker diagnostic test kits market is segmented on the basis of product type, indication, end users and regions. On the basis of product type, the cardiac biomarker diagnostic test kits market has been segmented into Brain Natriuretic Peptide (BNPs) Test Kits, Creatine Kinase MB (CK-MB) Test Kits, Troponin (I&T) Tests Kits, Myoglobin Test Kits and other test kits.

By product type, the BNP test kits segment dominated the global cardiac biomarker diagnostic test kits market with market value of US$ 682.9 Mn in 2017, and is expected to be the most lucrative segment throughout the forecast period. The BNP test kits segment in the global cardiac biomarker diagnostic test kits market is also projected to be the fast-growing segment, and to grow at CAGR of 6.8% over 2021–2028.

On the basis of indication, the cardiac biomarker diagnostic test kits market is segmented into Angina Pectoris, Acute Myocardial Infarction, Congestive Heart Failure, and others. By indication, the Angina Pectoris is expected to be the most lucrative segment in the cardiac biomarker diagnostic test kits market, and is estimated to account 45.2% value share in 2018 and to account for 41.4% value share by 2028 end, growing at a CAGR of 3.6%. The congestive heart failure segment by indication is expected to be the fast-growing segment in the cardiac biomarker diagnostic test kits market. The congestive heart failure segment is projected to grow at a CAGR of 6.7% over the forecast period to reach a market value of US$ 357.8 Mn by 2028.

On the basis of end users, the cardiac biomarker diagnostic test kits market has been segmented into hospitals, diagnostic laboratories, outpatient clinics, academic and research institutes. The diagnostic laboratories segment is expected to dominate the global cardiac biomarker diagnostic test kits market in 2018 as a large number of patients visit diagnostic laboratories for the diagnosis of cardiovascular disease. Revenue from the diagnostic laboratories segment is expected to increase at a CAGR of 5.9% over 2021–2028, to reach US$ 997.4 Mn by 2028.

On the basis of region, the cardiac biomarker diagnostic test kits market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, China, Japan and Middle East & Africa. North America dominated the global cardiac biomarker diagnostic test kits market with maximum value share in 2017. Chest pain is a common emergency department (ED) presentation in the region accounting for 8–10 million visits per year in the U.S., among which 20% of patients are diagnosed with the help of cardiac biomarker diagnostic test kits for cardiovascular diseases.

One-third share of the cardiac biomarker diagnostic test kits market by value is accounted by the U.S. due to increasing prevalence of cardiovascular diseases and rising adoption of cardiac biomarker diagnostic test kits. APECJ is expected to be the fast-growing regional markets for cardiac biomarker diagnostic test kits due to increasing number of obese population and expansion strategies followed by the key manufacturers in the region. Latin America and MEA are expected to witness sluggish growth in the global cardiac biomarker diagnostic test kits market due to low awareness regarding the benefits of cardiac biomarker diagnostic test kits for the diagnosis of cardiovascular diseases.

Global Cardiac Biomarker Diagnostic Test Kits Market: Competitive Landscape

Examples of some of the key players operating in the global cardiac biomarker diagnostic test kits market are Abbott Laboratories, Danaher Corporation, Bio-Rad Laboratories, Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd., Siemens AG, bioMérieux SA, Randox Laboratories Ltd. The global cardiac biomarker diagnostic test kits market is highly fragmented, with top six players, estimated to account for approximately 75% market share.

Abbott Laboratories accounted maximum share of the global cardiac biomarker diagnostic test kits market in 2017, due to the acquisition of Alere Inc., which has helped the company to expand its product portfolio. Acquisition is the key strategy followed by all the leading manufacturers of cardiac biomarker diagnostic test kits market to expand their business. The companies of cardiac biomarker diagnostic test kits market are focusing on acquiring local manufacturers to expand their product portfolio and also to increase their market share.

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Anti-Scratch Film Market : Worldwide Industry Analysis and New Market Opportunities Explored By 2032

Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Anti-Scratch Film market. The report offers detailed insights on the Anti-Scratch Film market through an extensive analysis of key growth drivers, latest trends, potential challenges, and revenue growth prospects based on historical data.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Anti-Scratch Film market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

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Crucial information and forecast statistics covered in the Anti-Scratch Film market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Anti-Scratch Film Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Anti-Scratch Film market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Anti-Scratch Film market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Anti-Scratch Film market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Anti-Scratch Film Market: Segmentation

Valuable information covered in the FMI’s Anti-Scratch Film market report has been segregated into key segments and sub-segments.

Product Type:

Shrink Film
Stretch Film

Material:

Polyethylene
Linear Low-Density Polyethylene (LLDPE)
Low-Density Polyethylene (LDPE)
High-Density Polyethylene (HDPE)
Polyester
Polypropylene
Biaxial Oriented Polypropylene (BOPP)
Bast Polypropylene (CPP)
Others (Metallized Film and Coated Film)

Thickness:

Less than 20 Micron
20 to 25 Micron
26 TO 30 Micron
More than 30 Micron

Application:

Glass
Panels
Frames
Handles
Doors
Vehicle
Flooring

End Use:

Food and Beverages
Automotive
Electric and Electronics
Pharmaceutical and Health Care
Cosmetics and Personal Care
Others (Construction and Real Estate)

Anti-Scratch Film Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Anti-Scratch Film market. Competitive information detailed in the Anti-Scratch Film market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Anti-Scratch Film market report.

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Key players covered in the report include:

3M
TEKRA, A Division of EIS, Inc.
POLYFILM AMERICA
Synpack
Specialty Polyfilms Pvt. Ltd.
Tesa SE
Intertape Polymer group
LINTEC Corporation
Nitto Denko Corporation
E.I. du Pont de Numours and Company
Scapa Group plc
Saint-Gobain Performance Plastics
ECHOtape

Important Questions Answered in the Anti-Scratch Film Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Anti-Scratch Film market been expanding during the forecast period?
How will the global Anti-Scratch Film market look like by the end of the forecast period?
What innovative strategies are adopted by Anti-Scratch Film market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Anti-Scratch Film market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Anti-Scratch Film market

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Flavour Capsule Cigarette Market Gain Impetus due to the Growing Demand over 2021-2031

Menthol cigarettes are linked to young people starting to smoke earlier and to an increased risk of addiction. According to a recent study conducted by Future Market Insights (FMI), 54% of all teens who smoke in the U.S. consume menthol cigarettes. FMI estimates the market to reach a valuation of US$ 26.7 Bn at a CAGR of over 11.5% through the end of the forecast period in 2031.

A 2016 study followed the link between menthol cigarette use and nicotine dependence in teenagers and discovered that those who smoked menthol cigarettes were more likely to get addicted to nicotine in comparison to those who didn’t.

The results of a cohort analysis using data from the American Legacy Longitudinal Tobacco Use Reduction project showed that starting with menthol cigarettes was linked to progressing to regular smoking, which resulted into frequent purchases from the smoker, boosting market prospects.

While most capsule technologies are used for hybrid (regular-to-menthol) or menthol-to-menthol spheres, exotic goods with regulatory permits, could point to previously unexplored opportunities. Various regulatory bodies and authorities have played a vital role in the growth or limitation of the flavour capsule cigarettes and will remain important for the foreseeable future.

Key Takeaways from the Flavour Capsule Cigarette Market Study

Menthol capsule cigarettes hold a substantial market share of more than 55% in 2021 with CAGR of 9.3%, owing to consumer preference on a global scale.
Single capsule products represent around 70% of the market in 2021, supported by lower costs and ease of production.
Chile is emerging as one of the most attractive markets, accounting for over US$ 814 Mn in 2021.
Japan is proving to a lucrative market, accounting for more than 41% of sales in East Asia in 2021.
Indonesia reflects high potential for growth, with a CAGR of 15.6% through the end of 2031.

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“Manufacturers operating in the flavour capsule cigarette market are aiming to reduce the health impacts of tobacco by offering consumers a wider choice of new products with a greater variety of flavours. Through this they also intend to increase sales and broaden customer access, which is likely to bolster sales in the market in the foreseeable future,” said a lead analyst at FMI

Flavour Capsule Cigarettes Pose Threat to Smoke-Free Goals

Smoke-free aims are jeopardised by flavoured capsule cigarettes. When these capsules are crushed, they impart a flavour (fruit, menthol or any other flavour) to the cigarette smoke inhaled. This form of cigarette allows users to tailor their smoking experience while reducing the harshness of conventional tobacco smoke.

Non-smokers who are susceptible to nicotine addiction find flavour capsules enticing and are likely make purchases. Tobacco firms have lately made emphasized on efforts to make the globe smoke-free. These statements, however, are at odds with their product advancements, which make smoked tobacco products more enticing to non-smokers.

Who is winning?

Some of the key manufactures of flavour capsule cigarettes are Camel Double, Chesterfield, Craven a Click, Dunhill, Esse, Fortune Tribal, Harmony, Hollywood, Imperial Tobacco (Winston), Insignia, ITC (Gold flake), Kent, L&M, Lucky Strike, Marlboro and Pall Mall.

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Companies are launching a variety of new products in order to attract customers and entice especially younger generations as they are more into trying new flavours to create gate experiences.

For instance, Japan Tobacco Inc. declared in 2018, introduction of two novel products from Winston named “Winston Compact Menthol Purple 5 Box” and “Winston Compact Menthol Purple One Box”.

Get Valuable Insights into Flavour Capsule Cigarette Market

Future Market Insights, in its new report, presents an unbiased analysis of the global flavour capsule cigarette market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study reveals persuasive insights into growth witnessed into the market. Based on flavour, the market is segmented into menthol flavoured, clove flavoured, fruits flavoured and others. Product type are segmented into two sections such as single capsule and double capsule. On the basis of price change, the market can be segmented into economy and premium. Based on distribution channel, the market can be segmented into direct sales and indirect sales. Regionally, the market study covers North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa (MEA).

Plant Based Fish Feed Market Scope of Current and Future Industry 2032

As per the recent report published by Future Market Insights (FMI), the global plant-based fish feed market revenues roughly equated US$ 6.8 Bn in 2021, which are likely to see a robust CAGR over the course of next decade. The market growth is likely to be driven by factors including, growing consumption of seafood worldwide, concerns over depleting aquatic species, sustainability, and rising prices of fishmeal and fish oil among others.

The report also opines that the innovative and cost-effective plant-based feeds derived from canola oil, soybean, corn, and wheat bran among others, will replace conventional feed such as fish meal and fish oil in the coming years.

The growing global demand for seafood in recent years has directly impacted the demand for plant-based fish feed. Further, as per the Food and Agriculture Association of the United Nations, the aquaculture industry accounts for more than 50% of the global edible seafood supply. Hence, the market players operating in the aquaculture sector need to find alternative feeds to meet the rising demand for seafood worldwide.

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Ever-rising Seafood Consumption Points to New Opportunities

The global seafood consumption has witnessed a remarkable growth in recent years. High seafood consumption in recent years has created lucrative opportunities in the plant-based fish feed market as aquaculture farmers pin their hopes on alternative feeds. In the current scenario, soybean and corn meals dominate the plant-based fish feed market in terms of market share and value and the trend is expected to continue through the forecast period.

Soybean and corn meals have illustrated strong potential in the last couple of years and are gaining tremendous popularity owing to enhanced digestibility, optimum protein content and omega-3 levels. According to the analyst, state-of-the-art soy products such as soybean protein concentrate (SPC) and fermented soy are likely to emerge as excellent fish feed alternatives in the coming years. Other crucial factor shaping the growing adoption of soybean and corn meals is its price. The aforementioned plant-based fish feed is cost-effective and also replicate the desired nutritional values required for fish.

Technological Advances Merging with Innovations

As the demand for plant-based fish feed is expected to surge in the next decade, existing players pin their hopes on innovation and R&D to consolidate a strong position in the market. Several companies worldwide are increasing investment in the adoption of new technologies to find cost-effective plant-based fish feed alternatives to meet the global edible seafood demand.

Currently, although the production of alternative feeds is at a nascent stage, major companies are relying on sourcing ingredients from these substitutes to develop customized aqua feed for different species based on their nutritional requirement. Investments for developing novel plant-based aqua feed are expected to rise as investors and stakeholders are eyeing the lucrative opportunities and high potential within the plant-based fish market especially in North America and Europe.

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Key Segment

By Product Type:

Soybean Meal
Cottonseed Meal
Corn Meal
Distillers Dried Grains with Soluble
Wheat Bran
Rice Bran
Other Product Types (Canola Meal, Sunflower Meal, etc.)

By Nature:

Organic
Conventional

By End-Use Application:

Commercial
Household

By Form:

Pellet
Powder
Granule
Flake

By Sales Channel:

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Stores
- Specialty Stores
- Online Retailers
- Other Sales Channels

By Region:

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

North America and East Asia to Witness Significant Growth

While North America, Europe, and East Asia currently represent the key regional markets for stakeholders in the plant-based fish feed market, the trend will further continue throughout the next decade. The report attributes this trend to growing investments in R&D activities in these regions.

FMI’s report suggests that the changing investment patterns in North America will influence market growth in the region during the forecast period. Further, apart from innovation, companies are eyeing inorganic growth strategies such as mergers and acquisitions to gain a stronger foothold in the market. However, East Asia has emerged as one of the most lucrative markets owing to the growing middle-class population and increasing disposable income in nations such as China, South Korea, Vietnam, and Japan.

About Food Market Division at FMI