Diphenyl Sulfone Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2022-2028

Diphenyl sulfone is an organic compound containing sulfur. Diphenyl sulfone is a white powder which is soluble in organic solvents and used as a high temperature solvent. The diphenyl sulfone high temperature solvents are used in the manufacturing of polymers in the polymer and plastic industry. The diphenyl sulfone is used in a many end use industries such as chemical, pharmaceutical, agrochemical, polymer and plastic and paper and pulp. Depending on the grade, diphenyl sulfone is categorized as paper grade and polymer grade.The paper grade diphenyl sulfone is used as a sensitizer in the thermal paper coatings as well as in the manufacturing of 3,3 diamino diphenyl sulfone. Polymer grade diphenyl sulfone is used as a solvent in the manufacturing of poly ether, ether ketone engineering plastics.The diphenyl sulfone is also used as a raw material in the manufacturing of diphenyl sulfone -3 sulfonic acid, a flame retardant.

The diphenyl sulfone of paper grade is used as a replacement of bisphenol-A in the paper and pulp industry. In Agrochemical industry, diphenyl sulfone is used as an intermediated for manufacturing pesticides.     

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Market Dynamics

The growing crop production is expected to create a demand for the agrochemicals in coming years, which in turn is expected to drive the sales of diphenyl sulfone. The growth of chemical industry is expected to boost the sales of diphenyl sulfone in near future owing to the application of diphenyl sulfone in bulk quantities as an intermediate in polymers and chemicals undergoing organic synthesis. The growing demand for the pharmaceutical products owing to the increasing health consciousness among the people is expected to drive the demand of diphenyl sulfone. The growth of paper and pulp industry is also expected to help in the growth of diphenyl sulfone market in coming years. Replacement of bisphenol-A by diphenyl sulfone in the paper and pulp industry is add in the growth of the diphenyl sulfone sales in near future.The rising demand for the polymers and plastics in the developing regions is expected to upsurge the demand of diphenyl sulfone in the polymer and plastic industry.

Non economical prices of diphenyl sulfone are expected to retard the sales of diphenyl sulfone in coming years

Regional Outlook

South East Asia and Pacific region is expected to provide a lucrative opportunity for the growth of the diphenyl sulfone market in coming years. The growth of chemical, pharmaceutical, agrochemical and polymer and plastic industry in China and India owing to the economical labor and raw material cost is expected to drive the sales of diphenyl sulfone in the region. North Americas region has witnessed a moderate growth in the paper and pulp, chemical and pharmaceutical industries in recent past. The agrochemical industry in the region is growing at high rate owing to the increasing demand form the growing crop production. The growth of these industries in North America is expected to create a platform for the growth of diphenyl sulfone in the region.

The Europe region has a strategic location in terms of geography that allows it easy access to the growing markets like Middle East and Africa, Asia and Latin America owing to which the chemical industry in the region is booming. The growth of chemical industry in Europe region is expected to boost the sales of diphenyl sulfone. The Middle East and Africa region has reported a decent growth in the chemical and polymer industry in recent years, wherein demand from the well-established oil and gas industry is a key factor responsible for the growth. The growth of chemical industry in Middle East and Africa is thus expected to boost the sales of diphenyl sulfone in coming years

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List of Participants

The participants involved in the diphenyl sulfone market are listed below:

  • Vapi Product Industries Pvt Ltd.
  • Arti Industries Limited
  • The Dharamsi Morarji Chemical Co., Ltd
  • Stratechem Pvt Ltd
  • Suzhou Yunfeng Polymer Materials Co., Ltd
  • Atul Ltd
  • Flying-Chem Corp
  • Arichem LLC
  • Jinan Great Chemical Industry Co., Ltd

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

Regional analysis includes:              

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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

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Market Segmentation

The diphenyl sulfone market is segmented on the following basis:

Diphenyl sulfone market by grade:

  • Polymer
  • Paper

Diphenyl sulfone market by type:

  • Solvent
  • Raw Material

Diphenyl sulfone market by end use industry:

  • Polymer and Plastic
  • Agrochemical
  • Chemical
  • Paper and Pulp
  • Pharmaceutical

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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, 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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Heart Failure Testing Market Overview & Analysis with the Key Players: Abbott Laboratories, Response Biomedical, F. Hoffmann-La Roche AG, Trinity Biotech plc.- Forecast to 2022-2029

Nowadays, cardiovascular diseases become common disease affected the older population. Cardiovascular diseases such as heart attack and heart failure are the common cause of mortality and growing at a rapid rate with time as lifestyle changes. According to NHS Foundation, more than 26 Mn population worldwide have heart failure in 2015. Heart failure is a condition due to which the heart can’t able to pump blood properly. Researcher and manufacturer are focusing on developing effective and efficient diagnostic methods and devices to earlier diagnostic of heart failure. Most prominently diagnostic preferences available for heart failure diagnostics are electrocardiogram and blood tests. Electrocardiogram is the most commonly used method for heart failure testing.

Heart Failure Testing Market: Drivers and Restraints-

Growing adoption of unhealthy lifestyles such as growing consumption tobacco and cigarette, unhealthy food, and growing body mass index boost up the growth of heart failure testing as an increasing number of cases of heart failure. Growing prevalence of diseases such as hypertension and diabetes are the most common factors favour the growth of the heart failure testing market. Growing prevalence of coronary artery diseases is another factor expected to propel the growth of the heart failure testing market.

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The growing number of ageing population and obesity rate is the major factor influencing the growth of the heart failure testing market. Technological advancement, the launch of the new product, growing research and development activities expected to boost up the growth of the heart failure testing market. The growing number of cardiovascular testing programs and awareness program for the general population boost up the growth of the heart failure testing market. Moreover, some factors such as low reimbursement rate for heart failure testing procedures expected to restrain the growth of heart failure testing market. As well as low awareness regarding the risk of heart failure in the population of low and middle-income countries expected to hamper the growth of the heart failure testing market.

Heart Failure Testing Market: Overview

Heart failure testing market is segmented into electrocardiogram and blood test by product type. B-type natriuretic peptide (BNP) and NT-proBNP are most commonly used biomarkers to determine heart failure. Rapid diagnostic testing and laboratory testing both can be performed for heart failure testing. Based on products type, heart failure testing market is segmented into instruments, reagent, and POC testing kits.

Heart Failure Testing Market: Region-wise Outlook

North America expected to dominate the heart failure testing market as increasing usage of new technogies for heart failure testing. Europe expected to contribute the second-highest revenue share in the heart failure testing as increasing regular testing for cardiovascular diseases and growing adoption cardiac biomarkers for the effective treatment option. Asia Pacific heart failure testing market expected to grow with higher pace as growing awareness campaigns for cardiac diseases, increasing electrocardiogram testing, and growing prevalence of heart failure. Asian countries such as India and China expected to grow with highest growth rate over the forecast period.

Heart Failure Testing Market: Key Market Participants

Example of some market players participants in global heart failure testing market find across the value chain are Abbott Laboratories, Response Biomedical, F. Hoffmann-La Roche AG, Trinity Biotech plc., Quidel Corporation, Siemens Healthcare GmbH, bioMérieux SA, GE Healthcare, Koninklijke Philips N.V., Schiller AG and others.

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

The report covers 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 (India, China ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Heart Failure Testing Market: Segmentation

On the basis of test type, heart failure testing market can be segmented as:

  • Electrocardiogram
  • Blood Test
  • B-type natriuretic peptide (BNP)
  • proBNP
  • NT-proBNP
  • Atrial Natriuretic Peptide
  • Others

On the basis of product type, heart failure testing market can be segmented as:

  • Instruments
  • Regents
  • POC Testing Kits

On the basis of end users, heart failure testing market can be segmented as:

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Diagnostic Imaging Centers
  • Cardiac Care Centers

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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

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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Teleradiology Market likely to surge at a vigorous 12.18% CAGR during the forecast period 2022-2032

[154 Pages Report] As per a study by ESOMAR-certified consulting firm Future Market Insights (FMI), the global teleradiology market is expected to surpass a valuation of US$ 5.15 Bn through 2021. Favored by the increasing number of medical imaging procedures such as computed tomography (CT) scans and X-ray scans, the sales of teleradiology are likely to surge at a vigorous 12.18% CAGR during the assessment period.

Report Attribute Details
Estimated Base Year Value (2021) US$ 7.3 Bn
Anticipated Forecast Value (2026) US$ 14.8 Bn
Projected Growth Rate (2022-2032) 15.3% CAGR

Rising prevalence of diseases such as cancer, arthritis, cellulitis, and osteomyelitis are facilitating the market growth. According to the National Institute of Cancer, around 1898,160 new incidences of cancer are estimated to be diagnosed in 2021, causing approximately 608,570 deaths in the U.S.

As teleradiology enables the transfer of radiological images to qualified radiologists for providing effective treatments, it plays a life-saving function for patients. Thus, with the increasing number of cancer cases and lack of availability of skilled radiologists in sub-urban and rural areas, the demand for teleradiology systems is likely to increase over the coming year.

The coronavirus outbreak has favored the teleradiology market by increasing demand for medical imaging procedures across the globe. As the use of teleradiology systems avoids in-person contacts for the exchange of hard imaging result copies, these systems are increasingly being adopted by hospitals, medical institutes, and clinics for sharing study observations and details information gathered, thereby, driving teleradiology sales.

Key Takeaways from FMI’s Teleradiology Market Study

Sales of teleradiology systems are expected to rise at 9.10% between 2020 and 2021.

  • The U.S. is estimated to dominate the North America teleradiology market owing to the presence of leading market players in the country.
  • China is likely to emerge as the prominent market in Asia Pacific due to the high prevalence of chronic diseases such as cancer and arthritis.
  • Based on modality, CT scans are anticipated to lead the segment, on the back of rising digitalization and technological advancements in the segment.
  • Owing to the surging demand for diagnostic imaging procedures due to the lack of qualified radiologists, ambulatory imaging centres (AICs) are expected to account for substantial revenue share.

“Key players in the market are integrating novel technologies such as artificial intelligence (AI), cloud-based solutions, and picture archiving and communication system (PACS) for developing innovative teleradiology solutions as they aim at capitalizing on the increasing demand of accurate diagnosis,” says the FMI’s analyst.

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Competitive Landscape

Teleradiology Solutions, Argus Radiology, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, and Telemedicine Clinic are the leading players operating in the teleradiology market as profiled by FMI.

The teleradiology market is highly fragmented owing to the presence of large number of market players. Leading player emphasizing on launching the new products and expanding their product portfolio to gain competitive edge over other player. Besides, this some of the players are adopting strategies such as strategic collaboration, merger, acquisition, and partnership with other industry players to strength their market footprint. For instance,

  • In February 2021, Medica Group, teleradiology provider headquartered in the U.K. announced entering in a joint venture partnership with MedX, a Canada-based pharmaceutical logistics and supply chain company. The strategy will help the Medica Group providing teleradiology reporting service in New Zealand, Australia, and Ireland
  • Recently Vital Radiology Services, an international teleradiology service provider company headquartered in India, announced entering into a partnership with one the largest medical imaging providers in the world, I-MED Radiology Network. This partnership will assist both the companies to bring innovation in the domain to a new level.

More Insights into the Teleradiology Market Report

In its latest report, FMI offers an unbiased analysis of the global teleradiology market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of modality (X-Ray scans, CT scans, MRI scans, ultrasound scans, nuclear scan, cardiac echo, mammography, and electromammography), and end user (hospitals, clinics, ambulatory surgical centres, and radiology centres), across U.S. and Other than U.S. (Latin America, Europe, Asia Pacific excluding Japan, Japan, and Rest of the World)

Teleradiology Market by Category

By Modality:

  • X-Ray Scans
  • CT Scans
  • MRI Scans
  • Ultrasound Scans
  • Nuclear Scan
  • Cardiac Echo
  • Mammography
  • Electromammography

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By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres
  • Radiology Centres

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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

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Aquaponics Market is anticipated to surge at a CAGR of 8.3% to reach USD 3.3 Bn by 2032

Newly released data from Aquaponics Market Analysis shows that global demand for aquaponics enjoyed year-on-year (YoY) growth of 8.0% in 2022 and is estimated to be USD 1.5 Bn in 2022 and is expected to witness a prominent growth rate of 8.3% to reach the value of USD 3.3 Bn by 2032.

According to FMI analysis, Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, Pentair Aquatic Eco-System, Inc.  Are identified as key Aquaponics brands.

Small-scale farming is expanding to include aquaponics, a crucial breakthrough. Farmers can successfully use aquaponics technology in a business model as a cost-cutting and revenue-generating technique, especially during the hot, humid summer months. Aquaponics is a closed-loop water-circulation system that combines fish aquaculture and vegetable cultivation. This not only saves a lot of water but also boosts crop productivity during periods of extreme drought.

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The aquaponics business is expected to develop due to its economic and ecological benefits. Because natural produce is devoid of pesticides and fertilisers, expenditures in aquaponic operations, particularly on a commercially huge scale, are expanding due to increased urban agriculture and growth in the market for organic food.

Furthermore, the increasing population and growing preference for off-seasoning fruits and veggies are increasing the consumption of aquaponics systems to nurture the plant sustainably and organically without using toxic pesticides. Because of the cost advantages of the aquaponic system, the industry will rise in the next years due to rising fish consumption.

Impact of Covid-19 on Global Aquaponics Market

The Coronavirus pandemic had an impact on every business throughout the globe. The pandemic seems to have had a significant impact on the aquaponic industry, as covid-19 has caused supply chain disruptions in agriculture and allied businesses.

Key Companies Profiled

  • Nelson & Pade Aquaponics
  • Practical Aquaponics
  • Aquaponics USA
  • The Aquaponic Source
  • Pentair Aquatic Eco-System, Inc.

Market Segments Covered In Aquaponics Market Analysis

By Type :

  • Media Filled Growbeds (MFG)
  • Nutrient Film Technique (NFT)
  • Deep Water Culture (DWC)
  • Others

By Component :

  • Bio Filter
  • Settling Basins
  • Fish tanks
  • Soil-free plant bed
  • Rearing Tanks
  • Aquaponic Produce
  • Others

By Equipment :

  • Pumps and Valves
  • Water Heaters
  • Fish Purge Systems
  • Aeration Systems
  • Water Quality Testing
  • Others

By Applications :

  • Fish
  • Herbs
  • Fruits
  • Vegetables

By End-User :

  • Commercial
  • Home Production
  • Research

Regions :

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

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Key Questions Answered in the Report

  • How much is the current worth of the aquaponics market?

Currently aquaponics market is worth more than USD 1.5 Bn.

  • At what CAGR is the market expected to grow?

Aquaponics market consumption is expected to grow at a CAGR of around 8.3% during the period 2022-2032.

  • What is the demand outlook forecast for the Aquaponics market?

The global Aquaponics market is forecasted to surpass USD 3.3 Bn by the end of 2032.

  • Who are the top 5 players operating in the market?

Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, Pentair Aquatic Eco-System, Inc. are expected to be the top players driving the market growth.

  • How are market players reacting to the new developments in the market?

Market players are focusing on new product launches, Aquaponics distribution channels, merger and acquisition strategies to remain a prominent player in the global market.

  • Which are the major countries driving demand for Aquaponics?

The U.S., Germany, U.K, are the major countries driving demand for Aquaponics.

  • At what rate will the U.S. Aquaponics market grow?

The U.S. aquaponics market is projected to grow at a CAGR of around 19% over the next ten years.

About FMI:

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

Contact Us:                                                      

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Positron Emission Tomography (PET) Scanners Market is expected to exhibit a CAGR of close to 5.1% over the forecast period (2021-2031).

[181 Pages Report] The global positron emission tomography (PET) scanners market was valued at over US$ 1.2 Bn in 2021 and is expected to exhibit a CAGR of close to 5.1% over the forecast period (2021-2031).

The concept of PET as a nuclear medicine imaging technology was established in early 1970s. Ever since the technology has evolved into routine clinical imaging modality, revolutionizing the process of diseases diagnosis and management into more effective fashion.

PET is a molecular imaging technology that detects the concentration and pharmacokinetics of radiotracer molecules that are labelled with radioisotopes. This helps to diagnose and determine the severity of a various diseases such as neurological disorders, cardiovascular disorders, cancer, gastrointestinal and various others.

Based on the operational and geometrical capabilities of PET scanners, the systems are classified as full ring PET systems and partial ring PET systems. Advancements in technological performance of these systems are always associated with higher cost, limiting its widespread utilization in clinical PET imaging.

Rising prevalence of chronic disorders such as cancer and cardiovascular disorders, coupled with greater awareness towards physical wellbeing and limitations of conventional PET scanner is spurring demand for effective diagnostic techniques, thereby augmenting growth of the market.

PET scanners have continued to improve image quality and performance over the last few years. Technological improvements such as managing dose, reduced imaging time and enhanced lesion detectability have increased PET’s functionality, thus making it easier to interpret and diagnose various life-threatening disorders.

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Key Takeaways:

  • By product, full-ring PET scanner is expected to hold over 86.2% of the total market share by 2031.
  • Sales in the oncology segment accounted for over 85.2% of market share in 2020, owing to the increasing incidence of chronic diseases and cancer.
  • Based on detector type, demand in the lutetium oxyorthosilicate (LSO) segment to held over 37.3% of market share in 2020.
  • Hospitals dominate end user segment with a share of around 34.9% in 2020 due to increasing patient inflow after COVID-19 outbreak.

“Ongoing technological advancements in PET scanners, copled with increasing applications in diagnostic centers and research institutes will propel the growth of the market in the forthcoming years” says a FMI analyst.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global positron emissions tomography (PET) scanners market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights into the positron emissions tomography (PET) scanners. The positron emissions tomography (PET) scanners market is segmented into five parts based on product type (full-ring PET scanners and partial-ring PET scanners), applications (oncology, cardiology and neurology), detector type (bismuth geranium oxide, lutetium oxyorthosilicate, gadolinium oxyorthosilicate, lutetium fine silicate, lutetium yttrium orthosilicate) and end users (hospitals, diagnostic centres, PET centres, and research institutes) across seven major regions.

Who is winning?

Acquisitions, mergers, expansion, and product launches are the key strategies adopted by manufacturers to increase consumer base in different geographies. For instance:

  • In January 2020, Koninklijke Philips N.V. introduced its advanced solutions called Vereos Digital PET/CT (world’s first and only fully digital, clinically proven, PET/CT solution), an AI-powered solutions for precision diagnosis at IRIA 2020.

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Key Market Segments Covered
By Product :

  • Full-ring PET scanner
  • Partial-ring PET scanner

By Application :

  • Oncology
  • Cardiology
  • Neurology
  • Others

By Detector Type :

  • Bismuth Germanium Oxide (BGO)
  • Lutetium Oxyorthosilicate (LSO)
  • Gadolinium Oxyorthosilicate (GSO)
  • Lutetium Fine Silicate (LFS)
  • Lutetium Yttrium Orthosilicate

By End User :

  • Hospitals
  • Diagnostic Centers
  • PET Centers
  • Research Institute

By Region :

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

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

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Texturized Vegetable Protein Market Size, Share, Future Roadmap, Technological Innovations & Growth Forecast To 2031

The rising awareness among consumers about a multitude of health benefits of plant-based sources of protein has been aiding the market for texturized vegetable protein. Future Market Insights (FMI) in a new study has forecast the market to reach US$ 1.03 Bn by the end of 2022. Growth forecasts continue to remain positive for the market, thanks to increasing number of vegetarian population worldwide.

Continuously increasing demand for food & beverage products which provide nutritional benefits with sensory taste is one of the major factor driving the demand for texturized vegetable protein. Due to increasing awareness regarding animal cruelty and environmental damages caused by excessive consumption of might the demand for texturized vegetable protein is expected to increase.

These protein sources also contain lower amount of saturated fat and cholesterol as compared to meat products hence are considered to have more health benefits. Among products available, the demand for soy protein is expected to be the highest. As per FMI, the soy protein segment is forecast to account for over 80% of the market through 2031.

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Key Takeaways from the Texturized Vegetable Protein Market Study

The North American texturized vegetable protein market leads in terms of market size and accounts for 30.1% of the global texturized vegetable protein market in 2021. The Soy Protein texturized vegetable protein market is expected to have a market share of 70.0% of the global texturized vegetable protein market in 2031. In the nature segment, Conventional holds 97.9 % of the texturized vegetable protein market.

In the end-user segment, Industry holds the maximum market share of 76.1% in 2021 of texturized vegetable protein market where Meat Analogues holds 42.8% globally in 2021. Soy protein has a major share by product type and is anticipated to grow significantly over the forecast period. North America have a large number of companies and thus, majority of companies are emphasizing on offering non-GMO products, which are processed through extrusion-based technology, with enhanced functional properties so that their product can comply with strict requirements of clean label products.

“Benefits of opting vegan proteins are now gaining popularity due to which many big companies are investing in the production and innovation of texturized vegetable protein. Several manufacturers are acquiring or merging with key companies to expand their product portfolio and increase their market share. E-commerce and online stores are easing entry barriers and distribution costs. These factors are expected to make competition fiercer within the market” said a lead analyst at FMI

Who is Winning?

The global population is increasing at a rapid rate and it is expected that the population will be around 9.5 Bn by 2050 from 7 Bn in 2017. The situation is set to put quite a strain on the food and supply of raw material, resulting in the need for alternate protein sources. Key players operating in the market are adopting various strategies, which include expansion of production capacity and launch of various products.

For Instance:

CHS Inc. provides Ultra-Soy, a texturized soy protein with an expectation to improve the customer experience for meat alternatives. The company acquired Legacy Foods in 2008 to makes its own brand of soy-based products and started offering Ultra-Soy in the texturized vegetable protein market. Roquette Frères expanded the production capacity of its pea protein-producing facility in Europe texturized vegetable protein market to increase the production.

The company launched a new vegan pea protein NUTRALYS T70S into the texturized vegetable protein market which is suitable for vegetarians as well as vegan applications. In 2018 Sotexpro SA,  launched Texta Pois 72/90 with 72% vegetable protein. In October 2015, Archer Daniels Midland acquire more stakes in Wilmar Int. Ltd. from 17.3% to 18% to expand its presence in Asia pacific market. Further company bought shares in Harvest Innovations, which offers pressed soy protein product and many more.

A few of the leading players operating in the texturized vegetable protein market are Archer Daniels Midland Company, CHS Inc., Roquette Frères, Beneo GmbH, Danisco A/S, Vestkron A/S, Cargill Inc., FUJI OIL CO., LTD., Puris Proteins, LLC., MGP Ingredients, Inc., Crown Soya Protein Group, Sotexpro SA, Wilmar International Ltd., Gushen Biotechnology Group Co., Ltd., Ingredion Inc.

Texturized Vegetable Protein Market Key Segments

Product Type

  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein

Nature

  • Organic
  • Conventional

Form

  • Chunks
  • Slice
  • Flakes
  • Granules

End Users

  • Household
  • Commercial
  • Industry
    • Food Industry
      • Bakery
      • Snacks
      • Ready Meals
      • Sports Nutrition
      • Clinical Nutrition
      • Baby Food
      • Meat Analogues
      • Others
    • Animal Feed

Distribution Channel

  • Direct
  • Indirect
    • Store Based
    • Hypermarket
    • Convenience St.
    • Traditional Store
    • Online Retails

Region

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

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Key Questions Answered in the Report

Q1. Which is the most lucrative market for texturized vegetable protein?

The U.S. currently leads the global market for texturized vegetable protein. Sales in U.S. will account for over 91.7% of total demand in North America.

Q2. Which is the top-selling product type of texturized vegetable protein?

Soy protein is highly sought-after among products available. Soy protein is expected to continue leading the market for texturized vegetable protein through 2031. Other than soy and pea, proteins such as faba bean, lentil, and corn are also available in the market.

Q3. Who is the leading end user of texturized vegetable protein?

Industrial sector remains the leading end user of texturized vegetable protein as application continues to rise in bakery, snacks, ready meals, sports nutrition, clinical nutrition, baby food, meat analogues and others.

Q4. Which form of texturized vegetable protein is more preferred?

Granules form is expected to hold maximum share in the market due to their increasing application in various food products such as cereals, snacks, and others.

Q5. Which are some of the leading companies offering texturized vegetable protein?

Some of the leading companies offering texturized vegetable protein are Archer Daniels Midland Company, CHS Inc., Roquette Frères, Beneo GmbH, Danisco A/S, Vestkron A/S, Cargill Inc., FUJI OIL CO., LTD., Puris Proteins, LLC., MGP Ingredients, Inc., Crown Soya Protein Group, Sotexpro SA, Wilmar International Ltd., Gushen Biotechnology Group Co., Ltd.,Ingredion Inc.

About FMI:

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

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Diamond-like Carbon Coatings market By End User, By Region, Industry Analysis and Forecast, 2022-2028

Diamond-like carbon coatings (DLC), an amorphous form of carbon with diamond bond is a nanocomposite coating that has unique properties of natural diamond low friction, high hardness, anti-reflectivity, and high corrosion resistance. Diamond-like carbon coatings can be deposited on nearly all alloys, metals, and also on non-metals, such as silicon, glass, ceramics, plastics, etc. Depending on the application, different formulations of diamond-like carbon coatings are used.

Furthermore, the application of diamond-like carbon coatings to a wide variety of mechanical parts is bound to produce economic benefits and outreach the dramatic improvement in performance and life. Moving ahead, diamond-like carbon coatings can be deposited using a number of diverse range of techniques. These techniques include chemical vapor deposition (CVD) and physical vapor deposition (PVD). Predominantly, diamond-like carbon coatings are deposited using a plasma-enhanced chemical vapor deposition (PECVD) process on an account of high deposition rates and low substrate temperatures. Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global diamond-like Carbon Coatings market.

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Global Diamond-like Carbon Coatings Market: Dynamics

Amid the growing awareness of environmental problems in recent years, diamond-like carbon coatings have been used to reduce the fuel consumption of automobiles by improving tribological properties, thereby, reducing friction loss. Besides diamond-like coatings are also used as a coating of cutting tools for aluminum alloys that have been widely used for automobile weight reduction. Various manufacturers provide diamond-like carbon coatings suitable for the customer needs by utilizing its equipment, systems, and expertise. In addition to the excellent mechanical properties offered by diamond-like carbon coatings, it also provides a good diffusion barrier to moisture and gases.

Additionally, as per RoHS guidelines, medical device manufacturers are adopting greener engineering technologies, such as diamond-like carbon coatings, as these are biocompatible and can be utilized in a wide range of temperatures range. Subsequently, an increase in demand for diamond-like carbon coatings are anticipated. Moreover, ongoing strength in manufacturing sector will drive the demand for cutting tool and consequently, supporting the growth of diamond-like carbon coatings market.

Global Diamond-like Carbon Coatings Market: Regional Outlook

The global outlook for diamond-like carbon coatings market seems to witness healthy growth prospects against the backdrop of growing expanding economies and substantial investments. Further, with the help of Make in India drive, India is poised to become the hub for hi-tech manufacturing and expected to enhance the use of diamond-like carbon coatings. SEAP has become one of the most attractive destinations for investments in the manufacturing sector.

With the growing utilization of diamond-like carbon coatings in machine tools, the market for diamond-like carbon coatings is expected to observe hefty signs of growth. Immortally, growing electronics industry due to growing use of consumer related products is foreseen to encourage the demand for diamond-like carbon coatings.North America incurs a lucrative opportunities for the manufacturing sector which ill likely to impact the diamond-like carbon coatings market,

Global Diamond-like Carbon Coatings Market: Key Participants

List of some of the prominent market participants in the global diamond-like carbon Coatings market discerned across the value chain include:

  • Morgan Advanced Materials plc
  • IBC Coatings Technologies, Inc.
  • Acree Technologies Incorporated
  • Wallwork Heat Treatment Ltd
  • Calico Coatings
  • HEF Group
  • Renishaw plc
  • OC Oerlikon
  • Miba AG
  • Nippon ITF Inc.

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

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Regional Diamond-like Carbon CoatingsMarket 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)

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

Global Diamond-like Carbon Coatings Market: Segments

The global diamond-like carbon coatings market can be segmented on the basis of end-use and region

On the basis of end-use, the global diamond-like carbon coatings market can be segmented as:

  • Aerospace
  • Textile
  • Automotive
  • Defense and Military
  • Cosmetics
  • Food & Beverage
  • Semi-conductor & Electronics
  • Machinery and Other Equipment
  • Pharmaceutical

On the basis of deposition technique, the global diamond-like carbon coatings market can be segmented as:

  • PVD Process
  • Sputtering
  • Ion Beam Deposition
  • Cathodic Arc
  • Pulsed Laser Deposition
  • Chemical Vapor Deposition (CVD)

Plasma-enhanced or Plasma Assisted Chemical Vapor Deposition (PECVD or PACVD)

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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.

Contact Us:

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Micronized Salt Market– Growth, Statistics, By Application, Production, Revenue & Forecast To 2032

Micronized salt market size was estimated at USD 2,671.4 Mn in 2022 and expected to reach USD 3,804.8 Mn in 2032, at a CAGR 3.6%.

Micronized salt’s growing appeal in the processed food industry is due to its consistency and purity. Micronized salt, regarded as an ideal taste enhancer, enhances the shelf life of vegetables and meat in addition to processed foods. The widespread usage of micronized salt in end-use applications such milk and dairy products, bakery and confectionery products, and drinks is likely to propel the worldwide micronized salt market to stable growth.

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In a new publication, Future Market Insights (FMI) projects that in terms of value, the global micronized salt market revenue will expand at a CAGR of 3.6% during the forecast period. In terms of revenue, the global micronized salt market accounted for US$ 2,319.0 Mn in 2022 and is anticipated to increase to reach US$ 3,305.8 Mn by 2032. A detailed competition assessment and revenue forecasts for a period of 10 years from 2022 to 2032 are elaborated with respect to each segment and sub-segment of the global micronized salt market.

The micronized salt market is segmented based on grade and application. By grade, the micronized salt market is segmented into purity 98% – 99.5% and purity above 99.5%. Among both of these segments, purity above 99.5% is expected to dominate in the global micronized salt market both in terms of value and volume during the forecast period. By application, the micronized salt market is segmented into bakery & confectionery products, meat, poultry & seafood, milk & dairy products, beverages, canned/preserved fruits & vegetables, prepared meals and others. Among all these segments, bakery & confectionery products is expected to account for the largest value share followed by the meat, poultry & seafood segment by 2028 end.

Key Segments Covered

By Grade:

  • Purity 98% – 99.5%
  • Purity Above 99.5%

By Application:

  • Bakery & Confectionery Products
  • Meat, Poultry & Sea Foods
  • Milk & Dairy Products
  • Beverages
  • Canned/Preserved Fruits & Vegetables
  • Prepared Meals
  • Other Applications

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa-MEA

However, the advent of salt substitutes, high costs of micronized salt, and abundance of alternatives such as high purity solar salt are posing challenges to the growth of the global micronized salt market.

Detailed profiles of some of the companies operating in the micronized salt market are included in the scope of the micronized salt market report to evaluate their long-term and short-term strategies, key offerings and recent developments in the micronized salt market. Micronized salt manufacturers include K+S Aktiengesellschaft, Ciech S.A.., Tata Chemicals Ltd., AkzoNobel N.V., INEOS Group Limited, Dominion Salt Limited, AB Hanson & Mohring, Cerebos Ltd, Kensalt Ltd., Cheetham Salt Limited, ACI Limited, WA Salt Group, Cerebos Ltd, Infosa, Nirma Limited, Zoutman NV, BGR International Ltd., China Salt Jintan Co., Ltd., Australian Saltworks and Suedwestdeutsche Salzwerke AG among others.

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Key Questions Answered by the Report

What is the size of the micronized salt market?

The micronized salt market is expected to hit a US$ 3.3 billion value by 2032. The growth rate for the micronized salt market is estimated at 3.6% CAGR between 2022 and 2032.

Which are the largest markets for micronized salt?

North America and Western Europe remain the dominant markets for micronized salts. Expansion of food and beverage processing activities in these regions are major influencers.

Which are the top companies in micronized salt market?

Suedwestdeutsche Salzwerke AG, K+S Aktiengesellschaft, Australian Saltworks, Ciech S.A., China Salt Jintan Co., Ltd., and Tata Chemicals Ltd. are among the leading market players in the global micronized salts market.

What are the uses of micronized salt?

Micronized salts are primarily used as a preservative and flavouring agent in the food and beverage industry, for longer shelf life, supported by high consistency and purity.

In which grades are micronized salt available?

Manufacturers produce micronized salts in two forms – 98 to 99.5% purity and above 99.5% purity. The demand and production of above 99.5% purity micronized salts is greater, aided by applications in processed food and beverage formulations.

What is the outlook of the Asian micronized salt market?

China and India are displaying high growth rates in terms of micronized salt consumption and demand through the forecast period with recent growth in the regional food and beverage industry.

How is the market for micronized salts expected to shape up in the near future?

With increased demand for low-sodium salt options and the rising production of processed and preserved meats, the demand for micronized salt is likely to remain strong. However, availability of alternatives such as high purity solar salt and high costs of micronized salt hurt market potential.

About FMI:

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

Contact Us:                                                      

Future Market Insights
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Protein Hydrolysate Ingredients Market High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2031

The protein hydrolysate ingredients market revenue totaled US$ 554.9 Mn in 2021, according to Future Market Insights (FMI). The overall protein hydrolysate ingredients market is expected to reach US$ 1.0 Bn by 2031, growing at a CAGR of 7.30% during 2021- 31.

FMI has identified Arla Food Ingredients, Kerry Group Plc, Glanbia PLC, Friesl and Campina N.V., and Hilmar Ingredients as key players in the protein hydrolysate ingredients market. They collectively account for more than 25% market share in 2021.

Growing popularity of sports nutrition as consumers are switching towards healthy lifestyle is fueling the demand for sports nutrition segment especially whey protein hydrolysate ingredients.

Increasing awareness among consumers about the health benefits of high protein content diets and supplements will create growth opportunities for the market. It also is expected to gain from growing emphasis on deriving protein hydrolysate ingredients from best protein source.

Increasing demand for versatile clinical nutrition with great taste will drive the market during the forecast period. Application in infant formula also will increase, especially in emerging economies and is predicted to boost the consumption of protein hydrolysate ingredients in coming years.

Protein hydrolysate ingredients infused infant formula products are increasingly occupying shelves spaces in convenient stores and supermarkets across the globe. With launch of a large number of new infant and toddler formula products, rising awareness regarding the early nutritional value in infant, and increasing consumer spending on baby’s health care products, the market is expected to grow at an accelerated pace in the coming years.

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Key Takeaways from FMI’s Protein Hydrolysate Ingredients Market Study

North America protein hydrolysate ingredients market is forecast to grow at 7.90% CAGR during the assessment period. Sales uptick can be attributed to high consumption of whey proteins and other protein ingredients and expansion of specialty food ingredient processing industries in the U.S. With increasing production of whey powder and growing demand for plant based protein alternatives in U.K and Germany, Europe protein hydrolysate ingredients market is predicted to expand at more than 6.90% CAGR through 2031. Asia Pacific is expected to offer lucrative opportunities for market growth, backed by rising penetration of large number of infant and toddler formula products in China and Vietnam. Japan and South Korea account for 5.3% and 5.1% of the global market share respectively in 2021. Growing consumer inclination towards healthy lifestyle and rise in number of health centers and gymnasiums are the key growth drivers in these countries.

“Introduction of snack bars and protein gels with enhanced functionality and taste shape up the protein hydrolysate ingredients market in the future. Rise in health conscious population will fuel the demand for organic labels, protein bars, complete whey milky beverages and powder shakes across the globe,” says the FMI analyst.

Competitive Landscape

Prominent players in the international protein hydrolysate ingredients market are Arla Food Ingredients, Kerry Group Plc, Glanbia PLC, FrieslandCampina N.V., and Hilmar Ingredients. These accounted for a cumulative share of approximately ~25-30%.

Leading market players are focusing towards expanding their product portfolio to consolidate their market position. For instance, Arla Foods announced its first organic ingredient MicelPure in August 2020, to cater the ever growing demand for natural protein ingredients. MicelPure is 87% native protein suitable for functional ingredient-based health foods. It is heat stable, contains minimum fat and lactose content.

In 2016, Arla Foods launched new whey protein hydrolysate specially designed for applications in gel, powder, milky beverage, and clear beverage. The enzymes will break down the whey protein and the ingredient will be absorbed by the body at a faster rate.

Emergences of new players have positively influenced the market growth through new product launches. In 2021, A new infant formula U.S. based start-up company, ByHeart reported the completion of its infant formula clinical trials and is on the way to become 4th fully integrated FDA-registered, U.S. based infant formula brand in the country.

Key Segments Covered In Protein Hydrolysate Ingredients Market Study:

By Ingredient Type:

  • Milk
  • Whey
  • Casein
  • Plant
  • Meat

By Product Form:

  • Powder
  • Liquid

By End Use:

  • Infant Formula
  • Clinical Nutrition
  • Sports Nutrition
  • Bakery & Confectionery
  • Sauces & Spreads
  • Others

By Regions:

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

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Key Questions Answered in the Report

  • What is protein hydrolysate ingredients market size?

Driven by rising consumption of protein hydrolysate ingredients in aged consumer nutrition supplements, the protein hydrolysate ingredients market size is forecast to reach US$ 554.90 Mn in 2021 with a CAGR of 7.30%.

  • At what rate did the protein hydrolysate ingredients market expand in the last five years?

Between 2016 and 2020, the protein hydrolysate ingredients sales grew at 5.30% CAGR.

  • What is the Demand Outlook for the protein hydrolysate ingredients Market?

Protein hydrolysate ingredients market will register a gradual rise in demand after a period of decelerating sales amid COVID-19 in 2020. As per FMI, the market will register a year-on-year growth of 6.80% between 2020 and 2021.

  • Who are the leading companies in protein hydrolysate ingredients market?

Arla Food Ingredients, Kerry Group Plc, Glanbia PLC, FrieslandCampina N.V., and Hilmar Ingredients are the top companies operating in the market.

  • What is the cumulative share of top companies in protein hydrolysate ingredients market?

Top players account for around 25% to 30% of the protein hydrolysate ingredients market in 2021.

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
https://www.futuremarketinsights.com

Macadamia Market is foreseen to expand at a CAGR of 7.5% over a 10-year projection period, 2022-2032

The global macadamia market size was valued at USD 1.53 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2032. Processed Macadamia accounted for USD 741.7 Mn in 2017.

Macadamia’s beneficial nutritional profile has been captivating consumer interest in recent years. With fostering consumption of dried fruits and nuts, the market for macadamia nuts also holds an optimistic growth outlook for the next few years. As indicated by a recent research report released by Future Market Insights, the global market for macadamia is foreseen to expand at a CAGR of 7.5% over a 10-year projection period, 2022-2032. However, high price point remains a longstanding barrier to widespread consumption, coupled with availability of a range of cheaper tree nut product alternatives.

Of the total global macadamia consumption, around 35% is being registered by the food processing industry that uses the nut as an innovative ingredient in ice creams and snacks. The research also highlights a slew of opportunities that exist in the food processing segment, which are expected to provide an impetus to market growth. Product innovation and boosting sales of processed food segments such as snacks and ice-cream have been identified to be among the most prominent factors pushing the performance of macadamia market, worldwide. The US$ 2.23 billion macadamia market is likely to witness a prominent drive by growing consumer preference for vegan food products, as depicted in Future Market Insights’ (FMI) recently released report, titled ‘Macadamia Market’: Global Industry Analysis 2013-2017 and Opportunity Assessment 2022-2032.’

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Spike in Consumption Rate to be Witnessed by Developing Economies in MEA & APEJ

North America has been the top producer as well as consumer of tree nut, followed by MEA and APEJ. While North America is presumed to remain one of the key markets for macadamia, MEA is believed to remain a dominant regional market – registering the highest consumption volume as well as value throughout the projection period. This growth is highly attributed to incredible opportunities for macadamia nut procedures in South African region. The global macadamia market is now a buyer negotiated space and with growing demand for size and quality, South Africa is believed to be a key market, eventually pushing the prospects for MEA. The demand and consumption of macadamia nuts in China is growing at a rapid pace, which is strongly influencing the market performance in Asia Pacific.

New Application Areas Debut, Creating Attractive Growth Prospects

Research findings indicate that consumption of nuts has been strongly associated with a relatively lower risk of obesity and metabolic syndrome, which will trigger a proliferating trend of increased consumption of tree nuts, including macadamia. Moreover, the Omega 7 oil content of macadamia nuts is likely to unlock new target end uses such as anti-aging cosmetics. European and Asian economies are expected to raise substantial demand for macadamia-based cosmetic products in near future.

New Product Launches & Impactful Product Promotion to be the Key to Market Expansion

A majority of manufacturers are targeting new markets for expansion, as suggested by the research. While acquisition of prominent regional players is expected to be a key to regional footprint expansion, enhancement of brand portfolio and strengthening of distribution network will also remain among the prominent strategies adopted by leading players in the market. Product promotion and consumer awareness are foreseen to be the top-of-mind priorities for manufacturers.

In addition, companies are also striving to enter key international markets through mergers. Several players are enhancing their production capacity to cater to rapidly growing demand for macadamia products. As key participants in the global macadamia market concentrate more on novel product development and innovative product launches, online (social media) marketing is expected to be on the priority for key manufacturing companies in macadamia market.

The market has been segmented as below :

By Nature :

  • Organic
  • Conventional

By Form :

  • Raw
  • Processed
  • Oil

By End Use :

  • Residential
  • Commercial
  • Industrial
  • Food Industry
    • Confectionery
    • Bakery
    • Dairy
    • Snacks
    • Others
  • Cosmetic and Personal Care

By Distribution Channel :

  • Direct
  • Indirect

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Key Questions Answered in the Report

  • How much is the Macadamia market current worth?

Currently the Macadamia market is worth more than USD 1.3 Bn.

  • At what CAGR is the market expected to grow?

Macadamia consumption is expected to grow at a CAGR of around 11.2% during the period 2022-2032.

  • How was the performance in the last five years?

In terms of revenue, Macadamia market grew at a CAGR of around 10.3% during 2017-2021

  • What are the key trends boosting Macadamia sales?

Consistent Demand for Dried fruits & Nuts, Macadamia nuts as a substitute for meat products, are driving the demand for macadamia market.

  • How are market players reacting to the new developments in the market?

Market players are opting for key developments in the Macadamia market, Advances and new techniques have helped the macadamia nut sector.

  • Who are the major players in Macadamia Market?

Some of the major companies present in the market are Marquis Macadamias, Golden Macadamias, Mauna Loa Macadamia Nut Corp, Buderim Group, Kenya Nut Company, Nambucca Macnuts, Ivory Macadamias, Eastern Produce, Hamakua Macadamia Nut Company

About FMI:

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

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
https://www.futuremarketinsights.com