Global Steel Pipe Market 2022: Region-wise outlook and Comprehensive Forecast to 2027 : Study

Pipes are a prominent and integral part of every human being’s everyday life, which include transporting water, oil & gas, sewage & sanitation, etc. Steel pipes are one of the types used in the pipe industry for both industrial and housing purposes. Steel pipes are categorised as carbon steel pipes, stainless steel pipes and others. These pipes are mostly used in water supply and sewage systems due to their durability and low cost.

Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent oxidation and corrosion, which makes it a widely used material nowadays. One more category is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed-loop.

Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent oxidation and corrosion, which makes it a widely used material nowadays. One more category is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed-loop.

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Global Steel Pipe MarketRegion-wise outlook

The Asia Pacific is estimated to have a major share in the global steel pipe market. China has many manufacturers in the steel pipe industry, which makes it a dominating player in the Asia Pacific market. The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent as prominent regional markets.

Moreover, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr Donald Trump also signed a memo for new steel pipelines with the use of U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years. Latin America has sluggish growth in the global steel pipe industry market. The Middle East and Africa are estimated to show sustainable growth due to rising oil and gas industries.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The 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 an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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By Segmentation:

The global steel pipe market can be segmented based on material type and application:

Based on the material type, the global steel pipe market is segmented as:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel

Based on the application, the global steel pipe market is segmented as:

  • Automotive industry
  • Construction and mining
  • Textile Machinery
  • Chemicals
  • Pharmaceuticals
  • Energy industries
  • Refinery Petrochemicals
  • Oil and Gas Processing
  • Water treatment facilities

For any queries linked with the report, ask an analyst:https://www.futuremarketinsights.com/ask-question/rep-gb-4941

Global Steel Pipe MarketDrivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand for steel pipes.

Global Steel Pipe MarketRestraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

Market Participants

Examples of some of the participants of the global steel pipe market are:

  • Arcelor Mittal
  • American Cast Iron Pipe Company
  • Baosteel Group corporation
  • Evraz Plcevraz plc
  • Anhui Tianda Oil Pipe Company Limited
  • Hyundai Steel Company
  • JFE Holdings Corporation
  • Zekelman Industries
  • Arabian Pipes Company
  • Nippon Steel & Sumitomo metal corporation
  • TMK Group
  • United States Steel
  • VALLOUREC
  • Steel Authority of India (SAIL)
  • Tata Iron and Steel,
  • Jindal Vijaynagar Steel (JVSL),
  • Essar Steel and Ispat Industries

Report Highlights:

  • Detailed overview of the 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.

Global Steel Pipe Market 2022: Region-wise outlook and Comprehensive Forecast to 2027 : FMI

Pipes are a prominent and integral part of every human being’s everyday life, which include transporting water, oil & gas, sewage & sanitation, etc. Steel pipes are one of the types used in the pipe industry for both industrial and housing purposes. Steel pipes are categorised as carbon steel pipes, stainless steel pipes and others.

These pipes are mostly used in water supply and sewage systems due to their durability and low cost. Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent oxidation and corrosion, which makes it a widely used material nowadays. One more category is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed-loop.

Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent oxidation and corrosion, which makes it a widely used material nowadays. One more category is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed-loop.

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Global Steel Pipe MarketRegion-wise outlook

The Asia Pacific is estimated to have a major share in the global steel pipe market. China has many manufacturers in the steel pipe industry, which makes it a dominating player in the Asia Pacific market. The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent as prominent regional markets.

Moreover, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr Donald Trump also signed a memo for new steel pipelines with the use of U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years. Latin America has sluggish growth in the global steel pipe industry market. The Middle East and Africa are estimated to show sustainable growth due to rising oil and gas industries.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The 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 an 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.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-4941

By Segmentation:

The global steel pipe market can be segmented based on material type and application:

Based on the material type, the global steel pipe market is segmented as:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel

Based on the application, the global steel pipe market is segmented as:

  • Automotive industry
  • Construction and mining
  • Textile Machinery
  • Chemicals
  • Pharmaceuticals
  • Energy industries
  • Refinery Petrochemicals
  • Oil and Gas Processing
  • Water treatment facilities

For any queries linked with the report, ask an analyst:https://www.futuremarketinsights.com/ask-question/rep-gb-4941

Global Steel Pipe MarketDrivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand for steel pipes.

Global Steel Pipe MarketRestraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

Market Participants

Examples of some of the participants of the global steel pipe market are:

  • Arcelor Mittal
  • American Cast Iron Pipe Company
  • Baosteel Group corporation
  • Evraz Plcevraz plc
  • Anhui Tianda Oil Pipe Company Limited
  • Hyundai Steel Company
  • JFE Holdings Corporation
  • Zekelman Industries
  • Arabian Pipes Company
  • Nippon Steel & Sumitomo metal corporation
  • TMK Group
  • United States Steel
  • VALLOUREC
  • Steel Authority of India (SAIL)
  • Tata Iron and Steel,
  • Jindal Vijaynagar Steel (JVSL),
  • Essar Steel and Ispat Industries

Report Highlights:

  • Detailed overview of the 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.

APOL1 Mediated Kidney Disease Market Research with Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis and Challenges, Forecast to 2022-2030

The current treatment options are limited and they are effective only against the symptoms of APOL1 medicated kidney diseases such as inflammations, high fluid volume, and hypertension. Because of this, there is an urgency of novel and targeted therapeutics which can target to reduce APOL1 protein level in the body. Excess APOL1 causes nephropathic conditions and ultimately kidney failure in people having APOL1 mediated disorder.

According to a latest report published by Future Market Insights (FMI), the global APOL1 mediated kidney disease market was valued at US$ 3.0 Bn in 2020 and is anticipated to witness a steady CAGR of over 4% during the forecast period (2020-2030).

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Currently, the leading clinical stage biopharmaceutical developers are focusing on development of next generation targeted therapeutics against APOL1 medicated kidney diseases, specifically chronic kidney diseases. The promising yet unmet opportunities for APOL1 medicated kidney diseases are attracting established and new biopharmaceuticals to dive in the targeted therapeutic based approach. This trend is expected to offer competitive-edge and exclusive monopoly in the global market in the future.

For instance, in 2018, AstraZeneca closed a $330 million licensing agreement for two pipeline antisense therapies of Ionis Pharmaceuticals, Inc. a U. S. based clinical stage Innovator Company engaged in the advanced research of rare diseases. One of licensed therapeutic is investigational novel antisense drug (AZD2373) to treat original cause of the APOL1 mediated chronic kidney diseases. AZD2373 is currently under clinical phase I and is looking a promising candidate for the future APOL1 mediated kidney diseases landscape.

Key Takeaways from APOL1 Mediated kidney Diseases Market Study

  • Chronic kidney diseases account for more than 95% of all the APOL1 mediated diseases. Increasing prevalence of hypertension associated kidney diseases will increase treatment needs over the forecast period
  • North America accounts for over 3/4th of the global market. High prevalence of the disease among people with African American ancestry makes North America the leader in this market
  • Pipeline drugs under development are targeted to be launched in the U.S., catapulting it as a highly lucrative pocket
  • Key players are focusing on extensive research and development for targeted therapy towards APOL1
  • The COVID-19 outbreak did not have any impact on the APOl1 mediated treatment market. All patients with indications like end stage kidney disorders were attended amidst COVID-19 due to the severity of kidney disease

“Increasing research and development for discovery of underlying cause of APOL1 mediated kidney disease and its targeted therapy will propel the market growth in the future,” says FMI analyst

Who is winning?

Collaboration is the key strategy amongst market players. Companies research on APOL1 therapies are strengthening their chances of successful clinical trials by collaborating with prominent pharma players. Increasing investments in drug discovery is expected to favor the growth the global market over the forecast period

  • For instance, Ionis Pharma has collaborated with AstraZeneca for developing its molecule which is currently under clinical trial phase 1.

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 2015-2030. The global APOL1 mediated kidney disease 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 on APOL1 mediated kidney disease (Symptomatic Treatment) market on basis of indication (Chronic Kidney Disease and End Stage Kidney Disease) across North America, Europe and Middle East and Africa and APOL1 mediated kidney disease (Pipeline Therapeutics) market on basis of indication (Chronic Kidney Disease and End Stage Kidney Disease) across North America (U.S.)

Ask for the complete TOC of this Report: https://www.futuremarketinsights.com/reports/apol-1-mediated-kidney-disease-market/table-of-content

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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

Assembly Automation Systems Market Overview : Global Industry Analysis for 2018 – 2028

Assembly Automation Systems Market: Market Overview:Competition in the manufacturing sector is driving the need for meeting customer requirements, improving agile responses, and enhancing flexible manufacturing capability which is, in turn, acting as triggers for increasing demand for assembly automation systems. The growing demand for cost minimization, productivity, and optimum allocation of resources have contributed towards continuous research for the analysis and modelling of manufacturing systems. Furthermore, assembly operations in automated systems play an important role in manufacturing through performing a sequence of operations to combine multiple components into a single entity.

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Assembly automation system refers to the use of automated and mechanized devices which are designed to perform a fixed sequence of assembly steps in an assembly line or cell. Transfer line or transfer machine term is used to describe the cases where machining operations such as milling, drilling, and similar rotating cutter processes perform at particular workstations. Although, assembly automation systems are considered expensive to implement and create, the capital investment for them is not as high as transfer lines due to the assembly automation system’s relatively smaller size and therefore cost reduction in the system.

Moreover, the assembly systems are classified according to the physical arrangement either in-line machine – single station assembly, carousel assembly system, or dial-type assembly machine. Multiple operations, long product life, stable product design, and high product demand, are the major conditions determining the use of automated production lines.

Other benefits of the assembly process from automation systems are labour savings, handling multiple tasks to meet manufacturing requirements, consistency of output & throughput, greater profitability through higher production rate, and better reliability.

Increasing demand for meeting customer’s requirements and higher production rates may augment the growth of the market

The competitive working environment across the automotive, 3C industry, among others, has now forced the companies to automate their assembly processes for production enhancement. Furthermore, new technical improvements along with technical solutions may bring the company to hold a significant position in the market enabling them to set the quality standards and price levels in the market. The work of the designers or the manufacturing company may help in product success through its performance, costs, and reliability. Therefore, the requirement of flexible and agile manufacturing capability may bring a competitive advantage for the manufacturing companies to minimize lead times and elaborate manufacturing processes.

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Assembly Automation Systems Market: Regional Market Outlook:

The global assembly automation systems market is segmented into the following regions – North America, Latin America, Western Europe, Eastern Europe, China, Japan, South East Asia (SEA) and Pacific, and Middle East & Africa. North America is estimated to dominate the global market owing to high awareness among manufacturing companies to enhance their production output and manufacture high-quality products. Furthermore, Western Europe is anticipated to account for a significant share in the market due to the hub of the automotive industry in Germany and awareness among end-users to imply advanced technology systems for high-quality products within a specific period. Asia Pacific is expected to witness a significant share in the assembly automation systems market owing to growing awareness for advanced products to meet customers’ requirements across China, India, and ASEAN countries.

Assembly Automation Systems Market: Key Development

Some of the market participants in the global assembly automation systems market are:

  • In 2017, SCHUNK Electronic Solutions introduced SAR-1700 and SAR-1300-Mono-Smart, the two depanelling machines providing large installations for separating large entire long panels or PCBs
  • In 2017, ABB and Kawasaki announced their collaboration for robot automation cooperation and sharing knowledge and promoting benefits of collaborative robots

Assembly Automation Systems Market: Key Market Participants

Some of the market participants in the global assembly automation systems market are:

  • ABB
  • Rockwell Automation, Inc.
  • FANUC
  • RNA Automation Limited
  • NuTec Tooling Systems, Inc.
  • Kuka
  • Yaskawa
  • Bastian Solutions
  • Velomat
  • ATS Automation
  • ABCO Automation, Inc.
  • ThyssenKrupp
  • Hirata
  • Hanwha
  • Eclipse Automation Inc.
  • Koops Inc.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate the data covered in this report. A detailed market understanding and assessment of the nature, product type of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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Assembly Automation Systems Market: Product Definition and Segmentation:

The use of assembly automation systems occurs where an automated production line has multiple workstations and transfers parts from one station to another along the fixed production line through a work handling system. Furthermore, assembly automation systems help to pass from one workstation to another utilizing a mechanized work transport system till it gets to the final workstation.

The global assembly automation systems market is segmented based on product type and application. Based on product type, the global assembly automation systems market can be segmented into:

  • Robot Automation Equipment
  • Central Control System
  • Other Automation Equipment

Based on end-use industry, the global assembly automation systems market can be segmented into:

  • Automotive
  • 3C Industry
  • Others

Key Data Points Covered in the Report

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

  • An overview of the Assembly Automation Systems market, including background and evolution
  • Macroeconomic factors affecting the Assembly Automation Systems market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Technology Roadmap involved from inception period to present date
  • Detailed value chain analysis of the Assembly Automation Systems market
  • The cost structure of the products and segments covered in the global Assembly Automation Systems market
  • In-depth pricing analysis, by key product segments, regions and by major Assembly Automation Systems market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global Assembly Automation Systems market
  • Analysis of the global Assembly Automation Systems market structure, including a tier-wise categorization of key Assembly Automation Systems market participants
  • Competitive landscape of the market, including detailed profiles of top players in the Assembly Automation Systems market

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 centres 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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DNA Polymerase Market Analysis By Product Type: Prokaryotic DNA Polymerase, Eukaryotic DNA Polymerase, Forecast to 2022-2031

A growing number of drug patent expirations and the interest in generic biologics has gained significantly from developments in the DNA polymerase market. Rising demand for improvements in healthcare diagnostics are expected to remain key influencer in market growth. According to Future Market Insights, a new study has forecast the DNA polymerase market to exhibit a CAGR of approximately 6.5% during the forecast period from 2021 to 2031.

Major manufacturers in the DNA polymerase market are increasingly focused on investing in research and development efforts to widen the scope of applications in the sector. In addition, strategic acquisitions and collaborations to share expertise, leveraging biopharmaceuticals and contract manufacturing companies will find ground in the industry.

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In terms of end users, molecular diagnostics companies are likely to remain primary contributors to the market accounting for more than 30% of the global market share. Furthermore, academic and research institutes will display a relatively faster rate of growth, driven by investments into R&D for accuracy in diagnostics, genome research, DNA cloning, and potential applications in cancer research.

Increasing R&D activities is a key factor positively influencing the development and use of high-fidelity DNA polymerase. Increasing incidences of cancer, concerns over uncontrolled genetic mutations, increasing awareness on neurological disorders, and potential for treating chronic diseases create lucrative opportunities in the DNA polymerase market. Also, the growing importance being given to personalized medicine will provide impetus to market players through the coming decade.

On the other hand, DNA polymerase market players are expected to face a number of challenges during the forecast period. For instance, shortage of adequately skilled professionals is a restraining factor affecting the market. Lack of information and awareness associated to DNA polymerase also affects sales prospects. Also, a shortage of funding by governments in the sector are restraining market growth. These factors are especially true in developing countries with restricted access to capital and infrastructure.

Key Takeaways from DNA Polymerase Market Study

  • The global DNA polymerase market is projected to grow at approximately 6.5% CAGR through the projection period.
  • Molecular diagnostic applications will account for major market, with impetus from the covid-19 pandemic.
  • The U.S. will hold the lead in North America accounting for more than 50% of the global valuation.
  • China will reflect high growth potential accounting for a CAGR of over 7.5%, owing to rising healthcare spending.
  • UK will reflect high demand in Europe supported by the rise of contract research and manufacturing organizations in biopharmaceuticals.

“The introduction of numerous government initiatives and rising levels of government funding efforts for R&D activities, are key factors that are expected to bolster the growth of high-fidelity DNA polymerase offerings. Furthermore, the increasing occurrence of genetic disease, is also one of the major factors supporting growth in the market through the assessment period,” said an FMI analyst.

Who is Winning?

The global DNA polymerase market is set to widen its scope of expansion through the assessment period, driven by a higher rate of adoption in molecular diagnostics, bioprocessing, cancer research and development of generic biologics in the biopharmaceutical sector. A shortage of adequately skilled professionals and lack of awareness has restrained revenue in the industry.

Some of the more prominent players in the DNA polymerase market include but are not limited to Thermo Fisher Scientific Inc., Hoffmann-La Roche AG, Merck KGaA, Qiagen N.V., Agilent Technologies Inc., Takara Bio Inc., Genescript, Illumina Inc., New England Biolabs, Inc., Bioline, and Promega Corporation.

Want More Insights?

Future Market Insights provides an exhaustive report in terms of forecast on global, regional, and country levels, with actionable insights on the latest industry trends in key segments from 2016 to 2031. The DNA polymerase market is segmented in detail to encompass all aspects, providing readers with a complete market intelligence report approach. The study provides details on the basis of product type (prokaryotic and eukaryotic), and end use (molecular diagnostics companies, diagnostic laboratories, academic and research institutes, biopharmaceutical companies, and hospitals), across seven major regions.

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About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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​United Arab Emirates
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Website: https://www.futuremarketinsights.com

Dehydrated Vegetables Market to Witness Huge Growth by 2031

The rising adoption of ready to eat food products with longer shelf life is increasing the space allotted to dehydrated vegetables across retail shelves. The advent of drying technologies has made it possible to manufacture dehydrated vegetables in less time while retaining the original nutrient value in vegetables. This has been fueling the demand in the dehydrated vegetables market.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for dehydrated vegetables Market. The report tracks the global sales of dehydrated vegetables market in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the dehydrated vegetables industry in general, and dehydrated vegetables in particular.

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What is the Future Outlook for Dehydrated Vegetables Market in Comparison to Historical Pattern?

In past few years companies are motivated to produce dehydrated vegetables which have certain accreditations, claims, and labeling. The right product labeling goes a long way in cementing brand trust in the minds of consumers and the global clean label movement is one-way in which food and beverages (F&B) manufacturers can build this trust. Regulations across certain countries mandate clean label packaging with clear information on ingredients, sourcing, and processing methods to create more transparency across the food chain. Hence companies are focusing on building positive image about their products in the market.

  • For instance, All Van Drunen Farms’ facilities are certified Kosher by the Orthodox Union, Organic approved by Quality Assurance International, HACCP compliant, GMP, FDA, and USDA compliant, and BRC Inspected as per GFSI
  • Rosun Dehydration Pvt Ltd, a subsidiary of Rosun Groups, various certifications under its belt, i.e. HACCP, Kosher, USDA, Pro-Cert.

According to FMI, dehydrated vegetables market have grown at 4.8 % CAGR between 2016 and 2020.

The surplus demand for healthy food products among the consumers has been creating lucrative growth opportunities. In order to cater to the increasing demand for natural and healthy food ingredients, food manufacturers are emphasizing to include dehydrated vegetables in their product line.

Dehydrated vegetables retain 100% of the nutrition content of fresh vegetables while it only takes half of the space, which offers manufacturers with better convenience to transport food items from one place to another. Apart from convenience in transportation, dehydrated vegetables are rich in nutrients and dietary fiber content which have been helping the market gain traction.

FMI has forecast the market to exhibit 8.3% CAGR between 2021 and 2031 steered by increasing launches within the category.

What is the Scope for Dehydrated Vegetables in Processed Food Industry?

The challenging work environment in urban centers results in amplified work time, making it more difficult for customers to spend time at home for cooking food. Hectic lifestyle is compelling consumers to opt for packaged and ready-to-eat meals. Dehydrated vegetables help customers enjoy tasty foods that consume less time to prepare. Meanwhile dehydrated vegetables are available in a wide range of varieties, which has been presenting increasing choices to consumers.

Consumers are seeking out reasonably priced, convenient and tasty food products that will suit their fast-paced lifestyle, thus providing abundant growth opportunities for dehydrated vegetable products manufacturers.

Market Segmentation

Product Type

  • Carrot
  • Onions
  • Potatoes
  • Broccoli
  • Beans
  • Peas
  • Cabbage
  • Mushrooms
  • Tomatoes

Form

  • Minced & Chopped
  • Powder & Granules
  • Flakes
  • Slice & Cubes
  • Others

Nature

  • Organic
  • Conventional

End Use

  • Food Manufacturers
    • Snacks & Savory Products
    • Infant Foods
    • Soups
    • Salads, Dressings & Sauces
    • Others
  • Food Service
  • Retail

Drying Method

  • Air Drying
  • Spray Drying
  • Freeze Drying
  • Drum Drying
  • Vacuum Drying
  • Others

Distribution Channel

  • Direct
  • Indirect
    • Store Based Retailing
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Traditional Grocery Retailers
    • Food & Drink Specialty Stores
    • Online Retail

Region

  • North America
  • Latin America
  • Europe
  • MEA
  • East Asia
  • South Asia
  • Oceania
  • India
  • China
  • Singapore

Some of the leading companies operating in dehydrated vegetables market are:

  • Fresno Cooperative Raisin Growers Inc.,
  • Olam International,
  • Dole Food Company,
  • Naturex S.A.,
  • Symrise AG,
  • Mercer Foods, LLC.
  • Chengde Shenli Food Co., Ltd.,
  • Vkc Nuts Private Limited,
  • Viva Bella Orchards Inc.
  • Kiantama,
  • Sun-Maid Growers Of California,
  • Sunshine Raisin Corporation,
  • Traina Dried Vegetable Inc.,
  • Lion Raisins Inc.,
  • Jab Dried Fruit Products (Pty) Ltd
  • Bergin Fruit Company Inc.
  • Traina Dried Fruit Inc.,
  • Greek Dried Fruits S.A.,
  • Montagu Dried Fruit And Nuts (Pty) Ltd,
  • Sun Valley Raisins Inc. A California Corporation,
  • Raisin Champion International,
  • Geobres Nemean Currants and Sultana Raisins S.A.,
  • Ningxia Yuxiang Bio Food Engineering Co., Ltd.,
  • Montagu Dried Vegetable And Nuts (Pty) Ltd,
  • Chengde Shenli Food Co., Ltd.

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Key Questions Answered in the Report

Q1. Which is most lucrative market for dehydrated vegetables?

Q2. Which type of dehydrated vegetables used widely?

Q3. Which Drying Method is Widely Preferred for Dehydrated Vegetables?

Q4. Which are some of the leading companies offering dehydrated vegetables Market?

Q5. Which Industry Exhibits Highest Demand for Dehydrated Vegetables?

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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Functional Food Ingredients Market Growth, Restrains and Opportunities 2022-2032

“The APAC functional food ingredients market is estimated to be valued at USD 4,138.7 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 8,141.5 Mn by 2032, rising at a CAGR of 7% for 2022-32.”

 

The APAC functional food ingredients market is estimated to be valued at USD 4,138.7 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 8,141.5 Mn by 2032, rising at a CAGR of 7% for 2022-32.

Functional food ingredients have special abilities to add extra benefits to any food product, in the form of disease prevention or health promotion and are intended to provide benefits in terms of physiological effects and mitigate the risk of chronic diseases in addition to basic nutritional functions. They resemble conventional foods and can be taken as part of a regular diet.

In line with increasing incorporation into a variety of fortified F&B products such as fresh produce, packaged foods, dairy products, and functional beverages, functional food ingredients continue to solidify their position in the industry. Ascending sales of healthy or functional drinks is particularly benefiting the growth of functional food ingredients market in Asia Pacific (APAC). Set to surpass the value of US$ 3.5 Bn by 2019 end, APAC functional food ingredients market will witness a robust CAGR during 2019 – 2029.

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Functional food ingredients market is estimated to account for 9.5% of the overall food ingredients market which is inferred to be valued at USD 43.5 Bn in the year 2022. 

The digestive system is responsible for the absorption of vitamins and minerals from food and nutritional supplements. Therefore, maintaining the health of the digestive system plays a significant role in ensuring optimum nutrient intake, and in preventing deficiencies. Furthermore, immune cells are also concentrated in the gut region, and the presence of healthy microbiota is necessary for the body.

Know More About Report Inclusions

Future Market Insights, in its new offering, provides an unbiased analysis of the global functional food ingredients market, presenting functional food ingredients historical demand data (2014 – 2018), and functional food ingredients forecast statistics for the period of 2019 – 2029. The study divulges compelling insights on the functional food ingredients market based on ingredient type (minerals, vitamins, probiotics, prebiotic & dietary fiber, proteins, carotenoids, and omega-3 fatty acids), based on application (beverages, dairy & products, and bakery & confectionery).

Functional Food Ingredients Market Structure Analysis

  • The functional food ingredients market is a fragmented market, and key players hold small shares in the market. This is a result of the different types of functional food ingredients manufactured by separate manufacturers. However, key players in the functional food ingredients market have a wide global presence.
  • Established players in the APAC functional food ingredients market are expanding their production facilities, and are focusing on product innovation, which creates an intensely competitive landscape.

Market Segments Covered in APAC Functional Food Ingredients Industry Analysis

By Ingredient Type:

  • Vitamins
  • Minerals
  • Prebiotic & Dietary Fibers
  • Probiotics
  • Carotenoids
  • Proteins
  • Omega-3 Fatty Acids

By Application:

  • Beverages
  • Dairy and Dairy-based Products
  • Bakery and Confectionary

By Country:

  • China
  • India
  • Japan
  • ASEAN
  • Australia and New Zealand
  • South Korea
  • Rest of APAC

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Key Questions Answered in the Report

What is the current market value of APAC functional food ingredients?

Currently APAC functional food ingredients market is worth more than USD 3,867.9 Mn.

What is the anticipated CAGR of the APAC functional food ingredients market in the forecast period?

APAC functional food ingredients market is expected to grow at a CAGR of around 7% during the period 2022-2032

What is the APAC functional food ingredients market outlook over the forecast period?

APAC functional food ingredients market is anticipated to reach a valuation of USD 8,141.5 Mn by 2032.

Who are the key manufacturers in the APAC functional food ingredients market?

Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Arla Foods Ingredients Group P/S, E. I. DuPont De Nemours and Company, Kerry Group PLC, Corbion N.V, Tate & Lyle PLC, are the prominent players in the market.

Which are the countries contributing in the expansion of APAC functional food ingredients market?

The China, Japan, Australia and New Zealand are the major countries driving demand for APAC functional food ingredients.

What are the most common type of APAC functional food ingredients in the market?

The most common type of APAC functional food ingredients are vitamins, minerals, prebiotics, probiotics, etc.

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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Future Market Insights
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Floral Flavour Market Estimated To Experience A Hike in Growth Global Industry Size, Growth, Segments, Revenue, Manufacturers

“floral flavour market is poised for a CAGR of over 7%, as projected by a new Future Market Insights (FMI) study.”

 

Surpassing global market revenues of US$ 850 Mn in 2019, sales of floral flavours will see momentous growth over the course of following years. During 2019 – 2027, global floral flavour market is poised for a CAGR of over 7%, as projected by a new Future Market Insights (FMI) study.

The floral flavour market is anticipated to grow at a moderate pace during the forecast period. As per the data found by our analysts, the increasing proclivity of consumers towards purchasing clean-label goods is likely to lead to an uptick in the demand for the naturally-sourced ingredients that floral flavours are.

Consumers are showing an aversion towards artificial flavourings while resonating with colour-enhancing and flavour-inducing natural and organic floral flavour. As a result, the demand for these flavours is likely to grow during the forecast period. Owing to this demand, the focus of manufacturers is on the development of floral products that are free from chemicals as well as artificial flavourings.

Consumers are showing interest in unconventional and authentic flavours in their food and beverage products offering unique mouthfeel. The number of products containing floral flavours has increased multifold from 2015-2018, as they account for a sensorial effect and deliver novel and interesting taste experiences to consumers.

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Key Takeaways – Floral Flavour Market Study

  • Consumers seek products that have their roots in a pre-industrialized food system that is centered around whole, natural, and unrefined ingredients. Floral flavours match the growing consumer’s interests in authenticity of their products. Thus, floral flavours are witnessing a surge in demand.
  • In 2019, Firmenich SA, a privately-owned flavour and fragrance company, declared hibiscus as the Flavour of the Year, based on the increasing appeal of usage of hibiscus in food and drinks. Hibiscus is gaining traction in the flora flavour industry due to its appealing attributes, like the pleasant aroma coupled with a touch of tangy profile.
  • Besides, the hibiscus-based floral flavour is gaining popularity in applications such as beer, yogurt, chocolates, and tea, especially in the United States, Mexico, Brazil, and Denmark, with growth also taking place in Italy and Spain.
  • Beverages sector contributes more than half of the total floral flavour market share. Floral flavours are appearing in revitalizing, healthy product launches. Lavender, rose, jasmine, elderflower, and hibiscus flavours are witnessing significant demand, predominantly for use in soft drinks.
  • Frequent new launches in the alcoholic beverages category are progressively featuring floral flavours to gain greater consumer traction and achieve marketing differentiation.
  • Europe and North America will be significant in the global floral flavours market over the forecast period. The demand for floral flavours has especially impacted the European flavour industry.

Consumers are increasingly looking for healthier, authentic, and natural-tasting infused beverages, fusion drinks, and floral-infused RTD coffee. Thus, new entrants seeking to establish their position in the floral flavours market must focus their efforts on the beverage industry.

Botanicals Trending Floral Flavour Space

New floral flavours are emerging to witness increasing demand from the food and beverage industry. With an increasing assortment of floral flavoured mixers and edible flowers, food and beverage manufacturers are experimenting with amalgamation of floral flavours to eventually create unique recipes. The increase witnessed in manufacturers’ investments into floral flavours is indicative of the fact that the botanical flavour trend is here to stay in the long run.

Europe Remains Important Market for Investors

European markets are rapidly witnessing new product launches featuring infused floral flavours in vast products ranging from chocolates, snacks, yogurts, beverages, and many more. In the United Kingdom, Rowntree released fruit and flower-infused pastilles, whereas, in Germany, Alpro launched orange blossom-flavoured apricot soy yogurt. Fermè, an Italian fruit supplier company, launched vegan cheese with fermented cashews preparation, infused with flowers and herbs in the U.K.

Manufacturers Augmenting R&D Investments to Develop Application-specific Flavours

Key players operating in the flavour industry are investing more in research and development activities to upscale their floral flavour production capacity and to provide consumers with unique blends of floral flavours. Flavour manufacturers are strengthening their partnership with end-user industries to meet the growing demand for innovation in food and drink offerings.

  • In April 2016, Givaudan S.A., a leading flavour manufacturing company in Switzerland invested US$ 126Mn to open an innovation center in Switzerland.
  • In July 2016, Takasago International Corporation invested towards a new development center for flavours and fragrances in Mexico, to enhance its product portfolio and presence in Latin America.

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Know More About What the Report Covers

Future Market Insights, in its new offering, provides an unbiased analysis of the global floral flavours market, presenting historical demand data (2016-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the floral flavours market based on the raw material (hibiscus, lavender, neroli/orange flower, rose, elderflower, jasmine, cherry blossom, chamomile, and violette), end-use (food- dairy, bakery, confectionaries, snacks, fats and oils, and beverages- alcoholic beverages and non-alcoholic beverages), and product type (natural, organic, and artificial) across seven major regions.

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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United Arab Emirates
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Malt Extract Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2026

“The Europe malt extract market is valued at US$ 9.8 Bn in 2021. The market is likely to grow at a CAGR of 5.6% through 2026, reaching US$ 12.9 Bn by 2026. ”

 

The Europe malt extract market is valued at US$ 9.8 Bn in 2021. The market is likely to grow at a CAGR of 5.6% through 2026, reaching US$ 12.9 Bn by 2026.

In 2021, beverages segment is the most lucrative, accounting for nearly US$ 4.79 Bn from the global share. By 2026-end, this segment will reach US$ 6.41Bn.

Growing demand of gluten free bakery products leads to upliftment of malt extract market.

Rising consumer awareness about the high nutritive value of diastatic malt extract will continue to drive the growth of Europe malt extract market Increasing health awareness and rising consumer demand for traditional foods will also influence demand. However, non-availability of substitutes and shortage of malt owing to increasing usage in breweries can impede demand. These insights are according to a new research report by Future Market Insights.

In 2017, the Europe malt extract market is estimated to be valued at a little over US$ 7,900 Mn and is expected to reach more than US$ 12,900 Mn by the end of 2026, registering a CAGR of 5.6% over the forecast period. The market is estimated to represent incremental dollar opportunity of US$ 5,411.5 Mn between 2016 and 2026.

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Diastatic malt extract is derived from sprouted grains and is used as a substitute product replacing sugar and honey needed to feed yeast in bakery products. Another important feature of diastatic malt is that it can also reduce the need for additional artificial sugar in bakery products and thus can be labelled as sugar-free. Also, as diastatic malt is rich in vitamins and enzymes, it increases the nutritional value of baked products and also helps in extending the shelf life of baked products.

The key trends influencing the Europe malt extract market include,

  • Increasing preference for gluten-free bakery products: Concerns about rising obesity levels is prompting consumers in Europe to opt for gluten-free bakery products. Gluten-free malt extract is used as a colouring and sweetening agent in a variety of products. Owing to this, it is expected that demand for malt extracts will witness steady growth during the period 2016-2026.
  • Government regulation on additive-free products: The industry-wide focus on additive-free products has led to increased demand for malt extracts, as these reduce the need of adding synthetic flavours, resulting in extended shelf life of products.
  • Marketing aligned with ‘health and wellness’: Manufacturers are focusing on selling the ‘health and wellness’ attributes of malt extracts, by creating relevant marketing campaigns.
  • Preference for sugar-free label products: Non-diastatic malt extracts naturally convert to sugar, reducing the need for addition of sugar. Owing to these factors, demand for malt extracts is expected to witness an increase during 2016-2026.

A Highly Fragmented Market 

Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorporated – account for over 28% volume share of the Europe malt extract market. The Europe malt extract market remains quite fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging players are focusing on increasing their production capacity and acquisition of niche players to boost their market position.

The Europe malt extract market was valued at US$ 7.53 billion in 2016. Future Market Insights projects it to grow at 5.6% CAGR during the forecast period 2016-2026, reaching US$ 12.94 billion in revenues.

Barley Remains the Largest Source 

Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share of the market in 2016. In 2016, this segment was valued at US$ 5.63 billion; in terms of volume, demand for barley was worth nearly 9 million tonnes in 2016. Wheat remained the second largest source, followed by rice and rye.

Dry Malt Extracts Continue to Witness Higher Demand

Malt extracts are available in dry and liquid form, with the former accounting for bulk of demand. Demand for dry malt extracts will continue to remain higher than liquid variants throughout the forecast period. While dry malt extract volume is projected to grow at 4.6% CAGR, demand for liquid malt extracts will grow at 3.9% CAGR.

Standard Outsells Speciality 

Future Market Insights has also segmented the Europe malt extract market on the basis of product type into standard and specialty. The standard segment accounted for over 77% revenue share of the market in 2016; this is expected to decrease to 76% by the end of forecast period.

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Beverages Largest Application Segment 

Beverages continue to remain the largest application segment of malt extracts. This segment held 48% revenue share of the market in 2016. Bakery and confectionary remain the other key application segments.

Western Europe Accounts for Bulk of the Demand 

Demand for malt extracts is concentrated in Western Europe, owing to the presence of a large number of manufacturers. Future Market Insights projects Western Europe to remain the dominant region for malt extracts during the forecast period.

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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Asparagus Market 2022 In-Depth Analysis of Industry Share, Size, Growth Outlook up to 2027

“Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn.”

 

Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn. Rising awareness among consumers regarding benefits of consuming asparagus is expected to instrument the growth in global consumption. By helping consumers boost their immunity, enhance brain function, and at certain extent, fight cancer, asparagus will continue to be an essential vegetable rich in nutrients.

Asparagus is actively sought by major companies as a key ingredient in soups on account of its nutritive properties and palatable taste. Asparagus is widely predicted to become the primary choice in the soup manufacturing industry as many companies already make soup with asparagus and this is only expected to grow in the future.

In terms of production, China is expected to remain the world’s largest asparagus producer throughout the forecast period, 2017-2027. In 2014, China recorded production of half a million metric tonnes of asparagus. China’s contribution to the asparagus market in Asia-Pacific will remain significant. However, brimming demand for asparagus makes Western Europe the largest market, procuring over 40% share of global revenues. North America is also expected to be at the forefront of expansion of the global asparagus market, recording consumption of nearly 2 million MT of asparagus by 2016-end.

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Key Segments Covered

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan

By Type

  • Fresh
  • Canned
  • Frozen

By Colour

  • White
  • Green

In spite of ample production and growing awareness regarding benefits of asparagus, the market is poised to grow at a moderate place. In terms of volume, the market is projected to showcase a 2.2% CAGR, while global asparagus revenues are projected to soar sluggishly at 3.1% CAGR during the forecast period. The report, titled “Asparagus Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” has identifies key restraints for the growth of global asparagus sales, which include:

  • Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves, through traditional village bazaars and roadside outlets. Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but at a moderate extent.
  • High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus. Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is expected to result in lower uptake among some sections of consumers in the world.

Leading manufacturers of asparagus include: Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, ILIOS – The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

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Additional Highlights from the Report –

  • By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally, raking in US$ 27.7 Bn revenues
  • Towards the end of 2027, over three-fourth of global revenues will be accounted by sales of fresh asparagus
  • Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period, registering revenue growth at 3.3% CAGR

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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