Market Research Blog – Page 14058 – New Product Development

Flavored Syrups Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2029

The global flavored syrups market size is expected to reach US$ 79.2 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5% CAGR between 2019 and 2029. According to the report, consumers with a busy schedule are often inclined to choose a clothing product because of good taste and less consumption time is likely to drive the clothing market, thereby increasing demand for flavored syrups. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

Global Flavored Syrups Market: BPS Analysis

It includes in-depth insights into the flavored syrups market. Some of these are:

The estimated value of the market was at US$ 48.6 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
During the forecast period, the fruit-flavored syrup segment represented the largest share of the market for flavored syrups.
Strong growth in the Asia Pacific market led by India, Japan South Korea and China flavored syrup market.
Rising demand for convenience and ready-to-eat goods would also drive market growth.
The availability of syrups in powder form also serves as a demand catalyst for better preparation.

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“The increasing demand for processed foods and the comfort will boost the market. Furthermore, the market is likely to benefit from the rising application in various non-vegetarian recipes will stoke growth. With considerable changes in consumer taste and preferences, the market players can expect scales to tip in their favour in the coming years,” said a lead analyst at FMI.

flavor syrup market impact analysis by region pr

Downfall in Demand due to Lockdown Caused by COVID-19 will Impact Growth

Market growth in North America is largely due to the increasing demand from fast-food chains and restaurants in countries like the US, Canada and Mexico. In addition, demand for convenience and ready to eat food items is growing in the area due to the busy lifestyle and a higher standard of consumer living and purchasing power. Rising bakery and dairy consumption is further increasing demand on the global market for flavored syrup.

The spread of the novel COVID-19 coronavirus disease has significantly affected global markets. These are extremely unpredictable times, with countries all over the world experiencing the pandemic’s destabilizing consequences. In businesses and governments, decision-makers are struggling to grasp the emerging threats that we face and to decide what course of action needs to be taken. No organization is resistant to the health-crisis problems and there are understandable worries about the harm to the global economy. This latest pandemic obviously has serious consequences for the world.

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Who is Winning?

Few of the major competitors currently working in the global flavored syrups market are Sensient Technologies Corporation, Kerry Inc., SensoryEffects, Inc, Concord Foods, LLC, The Hershey Company, MONIN, Archer Daniels Midland Company, Starbucks Corporation, The J.M. Smucker Company, MANE, Stirling Flavors, LLC, Malabar Food Products., W.T. Lynch Foods Limited, Midwest Syrup Company, RIO Syrup Company, Inc. among others. The players use various strategies to increase their footprints in this industry, such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions and others.

Product launch and promotion of new products the media, promotions and advertising are widely adopted by companies to broaden their presence around the world, which further affects the size of the market. The players on the flavored syrup market are adopting the expansion strategy and investment in research and development to increase the consumer base and gain substantial market share worldwide, which also helps players to retain their brand identity globally.

Get Valuable Insights into Flavoured Syrups Market

Future Market Insights, in its new report, presents an unbiased analysis of the global flavored syrups market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. The global flavored syrups market based on application has been segmented into beverages, dairy & frozen desserts, confectionery, bakery, and others. On the basis of flavour-type, market can be segmented as sweet, savoury, sour, others. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

Calcium Propionate Market to Surge at 6.6% CAGR, Decline in Sales Due to Coronavirus Outbreak May Impact Growth, says FMI

The global calcium propionate market size is expected to reach US$ X 568.5 Mn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.6% CAGR between 2022 and 2032. According to the report, increasing demand for preserved foods is driving market development, as calcium propionate acts as a preservative. Additionally, the consumer demand is powered by relatively low cost of calcium propionate compared with other food preservatives. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the calcium propionate market. Some of these are:

Market value was valued at $US 300 Mn in 2022. The market is exhibited during the report’s forecast period to show a steady pace of growth.
The calcium propionate market in North America is expected to dominate over the forecasted period.
North America is the largest regional calcium propionate segment in the world, since bread consumption is enormous.
The dry segment is expected to dominate the market with the highest CAGR.
Increasing prices of acids and the shifting demand from preservative foods to the natural products are likely to impede the growth during the forecast era.

“The high demand for food products worldwide due to increasing per capita consumption, high demand for nutritious products and long shelf-life are the driving factors for the calcium propionate market. Growth strategies adopted by tier 1, 2 and 3 companies are likely to focus on these parameters to strengthen their foothold in the market,” said a lead analyst at FMI.

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Emergence of COVID-19 will Impact Growth

Calcium propionate is used in bread, baked fruit, processed meat and many other dairy products as a preservative. It functions as an antimicrobial agent such that microorganisms such as viruses, bacteria, algae, and fungi are destroyed. Consequently, its demand in the market is rising, thus triggering market growth. Calcium propionate is prescribed to animals as a food supplement. The ever-growing food preservative field is rising global consumer demand for calcium propionate.

The sector has been hit by reports of a global Covid-19 pandemic. The COVID-19 spread has rattled financial markets and contributed to national layoffs. There are major challenges to personal lives, like curfews (or curfew-like situations) for a great many people. Beyond the immediate tragedies of death and disease, an uncountable number of people around the world are taking hold of indirect effects by fear. Coronavirus outbreak had a major impact on consumers ‘consumption habits. They are unlikely to buy meat goods imposed around various nations amid lockdowns. That will have an inevitably effect on market growth forecasts.

Who is Winning?

The key market players in the calcium propionate market include Addcon GmbH, Niacet Corporation, Macco Organiques Inc., AB Mauri, Kemira, Perstorp Holdings AB, A.M. Food Chemicals Co. Ltd., Krishna Chemicals, and Impextraco NV. There is a high degree of competition among players operating in the global propionate calcium market. The industry is relatively competitive and dominated by major players. Participants in the industry are expected to invest in research and development to extend product lines and functionality.

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Get Valuable Insights into Calcium Propionate Market

Future Market Insights, in its new report, presents an unbiased analysis of the global calcium propionate market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. The calcium propionate market has been segmented based on application and region. In terms of application, the market has been divided into bakery, dairy, meat processing, animal feed, beverages, packaged food products, and others. On the basis of form, the market has been divided into dry and liquid. Based on region, the market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

About the Food & Beverage Division at Future Market Insights

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

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Animal Feed Ingredients Market Expected to Grow at a CAGR of 3% During 2022-2032

The global Animal Feed Ingredients market size is expected to reach US$ 282.9 Bn by the end of 2032. According to the report, growing awareness pertaining to dietary protein consumption supported by rise in economic standards has resulted in increasing meat & meat products demand, thereby driving animal feed ingredients market demand.

According to Future Market Insights (FMI), the global animal feed ingredients market recorded year-on-year (YoY) growth of 3.1% and is accounted for USD ~38.8 Bn in 2021. The market is expected to exhibit a CAGR of ~3.0% to reach the value of USD ~58.6 Bn in 2032. Increasing government initiatives to encourage agricultural businesses has supplemented investments in animal feed ingredients.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the Animal Feed Ingredients market. Some of these are:

The estimated value of the market was at US$ 155 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Asia Pacific emerged as the leading regional Animal Feed Ingredients market and accounted for significant share of the global demand.
North America is expected to witness steady growth on account of recovery of economic situation in the U.S.
Key players are likely to focus on product innovations to stay relevant in developed markets.

“Change in dietary patterns supported by growing importance of health management has promoted protein consumption in daily diets increasing meat products intake, thereby contributing towards Animal Feed Ingredients market growth,” said a lead analyst at FMI.

Despite Focus on Healthy Diet, Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth

Because of the significance of protein as a major constituent in biologically active compound in the body, protein rich products are highly commendable for poultry production and nutrition. It assists in body tissue synthesis for renovation and for faster development. Broilers typically need high dietary protein to drive product demand to optimize broiler efficiency and benefit.

These protein-rich poultry diets are highly digestible and devoid of less anti-nutritional factors (ANF’s) which help in early gut development and digestive physiology to improve performance and immunity when fed early to broiler chicks.

Protein-offered amino acid profile plays an important role in development, egg production, immunity, environmental adaptability and many other biological functions. These factors will propel Animal Feed Ingredients market demand.

Rising population along with growing economic standards has led to increase in food service spending. However, contrary to aforementioned predictions, the market may be heading towards tough waters. Coronavirus outbreak had a considerable impact on consumption pattern of buyers.

They are unlikely to purchase meat products amidst lockdown enforced across various nations. This will invariably impact growth forecasts for the market. For instance, lockdown enforced on meat and seafood markets across Asia Pacific will restrict the market’s expansion in the region.

Who is Winning?

Burcon NutriSciences, Alltech, Nutraferma LLC, ADM, Hamlet Proteins, Dupont, Calysta, Titan biotech, Koninklijke DSM, and Proliver are some of the key players functioning in the global Animal Feed Ingredients market. Market players are engaged in innovations, product launches, and partnerships, in order to expand their product portfolio, increase presence in other regions.

In February 2022, Catalysta has developed and commercialized FeedKind protein which is used as in organic systems for animal feed. It is safe sustainable non-animal protein source approved in sale for multiple countries as an alternative to wheat and soy protein. The product would help in catering demand for alternative protein sources.

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Get Valuable Insights into Animal Feed Ingredients Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Animal Feed Ingredients market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market.

On the basis of source, the animal protein ingredients market can be segmented into fish and meat. The meat segment is further sub-segmented on the basis of animal origin, that is, pork, beef, and poultry. The fish derived proteins are typically used in the dietary supplements and cosmetic industry.

On the basis of applications, the animal protein ingredients market can be segmented as feed industry, pet food industry, the pharmaceutical industry, dietary supplements and food industry. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

About the Food & Beverage Division at Future Market Insights

With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Food Market Division at FMI

Oxytocin Market to expand at a value CAGR worth 8.4% through 2030

ESOMAR certified consulting firm Future Market Insights (FMI) has recently published an exhaustive yet unbiased report on the global oxytocin market, highlighting the prominent parameters responsible for steering growth in the long-run. The study opines global oxytocin sales to grow at over 8% through 2030, with growing focus on preventing PPH incidences expected to drive demand.

While the frequency of childbirths is increasing, the number of complications faced by women are also compounding. The Center for Disease Control and Prevention estimates that over 50,000 women across the U.S endure life-threatening complications.

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Consequently, healthcare providers are incorporating solutions aimed at reducing trauma faced by patients which include numerous approaches. A common complication faced by women is postpartum hemorrhage, for which oxytocin treatment is a highly preferred option. A value CAGR exceeding 8% is projected for the market through 2030.

Key Takeaways

Postpartum hemorrhage (PPH) solutions to comprise nearly 90% of the revenue share in 2020 by product type
Hospital pharmacies remain key distribution channels, online pharmacies’ popularity to widen
Opportunities abound across the Middle East & Africa (MEA) owing to rising PPH incidence in Africa
Global oxytocin market is projected to reach US$ nearly US$ 165 Mn by 2030

“Government initiatives to promote women and children’s health are bolstering global efforts to improve maternity care across healthcare settings, thereby opening significant growth avenues for the global oxytocin market,” comments the FMI analyst.

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COVID-19 Impact Analysis

As the COVID-19 pandemic intensified, the global medical fraternity is facing immense challenges as resources are being redirected towards eradicating the deadly virus. Consequently, other treatment areas have been relegated to the backseat, including maternity care. This is a cause of concern amongst leading healthcare specialists.

Therefore, efforts are being made towards ensuring adequate and proper treatment to pregnant women across all regions. Furthermore, oxytocin has also been touted as an effective anti-viral agent, thus raising optimism that it could be effectively leveraged to promote drug or vaccine development.

The National Center for Biotechnology Information hypothesizes that oxytocin contains dipeptidyl peptidase-4 (DPP4) protease inhibitors could be effective against the existing novel coronavirus strain. It further propagates that enhancing endogenous oxytocin levels could increase viral resistance and improve health of vulnerable groups.

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Competitive Landscape

Prominent players in the global oxytocin market include Pfizer Inc., Novartis AG, Ferring B.V., Fresenius Kabi LLC, Hikma Pharmaceuticals PLC, Endo International Plc. (Par Sterile Products, LLC), Teva Pharmaceuticals Ltd., Mylan N.V., Wockhardt Ltd., Sun Pharmaceutical Industries Ltd. and Yuhan Corporation.

The market is highly fragmented, peppered with numerous regional and global level market players. These players largely concentrate on forging strategic collaborations with existing players, regional distributors, product launches and acquisitions. Most players are concentrating on offering anesthetic oxytocin solutions to reduce labor induced complications for C-section operations.

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Bread Improvers Market Estimated to Surpass $5.3 Billion Mark by 2032

The global bread improvers market size is expected to reach US$ 5.3 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.3% CAGR between 2022 and 2032. According to the report, the growing number of convenience food stores and fast-food chains worldwide has increased the use of other bread products. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the bread improvers market. Some of these are:

The estimated value of the market was at US$ 3.1 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
North America is predicted to symbolize the favorable market for bread improvers in terms of usage.
Rise in the usage of on-the-go breakfast meals owing to hectic lifestyles, increasing urbanization, and high disposable revenues amongst user will power the regional market development.
The breads segment is estimated to account for the major share in the bread improvers market, as bread is a staple food in the major countries in the European region.
Key players are likely to focus on product innovations to stay relevant in developed markets.

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Consumers to Shift towards Healthier Food Options, following Coronavirus Outbreak

Increased concerns about the consistency, flavor, and texture of products worldwide drive the global bread improvers market. Demand for bakery and breads has surged amidst panic caused due to coronavirus outbreak. As consumers empty retail shelves in hysteria of trying to stock up their personal pantries a hyper-demand for breads and bakery products was observed. This is however likely to be followed by a period of sluggish demand, as consumers remain indoors following lockdown enforced to contain the spread of virus.

Despite this, expansion of food & beverage industries is likely, which is expected to drive global bread, improvers market in the coming years. In addition, increasing demand among consumers around the world for ready-to-eat food items, will propel growth in the forecast period.

Who is Winning?

The major players included in the global bread improvers market forecast are Ireks GmbH, Fazer Group, Rood Ram, CSM Bakery Solutions, Pak Holding, Nutex N.V., National Bread Improvers, Riken Vitamin, Bakels Worldwide, Group Soufflet, E.I. Du PontDe Nemours and Company, Lesaffre, Corbion N.V., Associated British Foods PLC, Pfahnl Backmittel GmbH, and Lallemand Inc. Increasing investments in R&D is projected to boost the bread improvers market growth in a positive way during the forecast period. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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Get Valuable Insights into Clean Label Ingredients Market

By Product Type

Emulsifiers
Enzymes
Oxidizing Agents
Reducing Agents
Stabilizers
Others

By Form

Powder
Liquid
Others

By Type

Organic
Conventional

By Application

Breads
Cakes
Viennoiseries
Others

By Region

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

Sulfone Polymer Market set to rise at 5.0% CAGR during the forecast period between 2030

The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030. According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2020 and 2030.

Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics. Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

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COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide. For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2020 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

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For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

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Fishmeal And Fish Oil Market Expected to Grow at a CAGR of 6.7% During 2022-2032

The global fishmeal & fish oil market size is expected to reach US$ 6 Bn by the end of 2022. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.7% CAGR between 2019 and 2029. Fishmeal and fish oil is increasingly used in swine, poultry diets to improve the productivity in aquaculture. This is the key factor enabling growth in the market. The report presents an exhaustive overview of the global fishmeal and fish oil market, covering various factors enabling growth. The report also discusses in detail the factors creating obstructions to growth for the market.

“Asia Pacific will exhibit high demand for fishmeal and fish oil. India and China are likely to emerge as lucrative markets, however, spread of coronavirus may create obstacles to growth,” said a lead analyst at FMI.

Demand for fishmeal and fish oil is expected to grow at 6.0% CAGR, boosting the overall consumption to USD 12 Bn over the assessment period, from 2022 to 2032.

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It includes in-depth insights into the Fishmeal & Fish Oil market. Some of these are:

The estimated value of the market was at US$ 10.1 Bn in 2019. Through the course of the report’s forecast period, the market is likely to rise at a steady pace.
Regionally, North America has emerged as a key market for fishmeal & fish oil.
Europe and Asia also will exhibit considerably high demand through the forecast period.
Rising demand for healthy food will give impetus to the market
Key players are likely to focus on strategic collaborations. Their growth strategies are likely to push market’s growth

Despite Growing Popularity, Change In Consumer Preference Due To Coronavirus May Impact Growth

A commercially driven product, fish meal is obtained from bones of wild small marine fishes. Fish oil is a type of fatty oil obtained from fishes containing large amounts of unsaturated fatty acids. Fishmeal and fish oil have become highly popular due to their various application in aquaculture and pharmaceuticals industries.

Growing trend of trading fishmeal & fish oil, and increasing demand for quality fish worldwide are some of the major factors driving the global fishmeal & fish oil market. Moreover, increasing demand for aquaculture in export influences the supply of high-quality fishmeal & fish oil for animal feed.

Despite aforementioned factors, the recent outbreak of COVID-19 has had a considerable impact on the fishmeal and fish oil market. Evolving consumer preference due to the spread of the pandemic can affect the growth of the market negatively. Also lockdown enforced across various regions has impacted the supply-chain and delivery of products in global market. This could hamper the growth of the market to an extent.

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Who is Winning?

Some of the leading players operating in the Fishmeal & Fish Oil market FMC corporation, Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega Protein Corporation, Sürsan, The Scoular Company, GC Rieber Oils, Marvesa, Tasa, Orizon, Pioneer Fishing, Triplenine Group, Pesquera Exalmar S.A.A, Corpesca SA, FF Skagen A/S, Copeinca ASA, Colpex, Mukka Sea Food Industries Pvt. Ltd. In order to capture a larger market share, key market players are adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing and different product launches.

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Source:

Salmon & Trout
Marine Fish
Crustaceans
Tilapia
Carps
Others

Application:

Aquaculture & Aquatic Feeds
Land Animal Feeds and Livestock
Agriculture and Fertilizers
Pharmaceuticals
Dietary Supplements
Others

Region:

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

Middle East and Africa Bio-Stimulants Market to exhibit 7.8% CAGR between 2030

The demand for organic products and methods is rising in the Middle East and Africa (MEA) as countries within the region focus on improving agricultural yield. This is in turn is driving the Middle East and Africa bio-stimulants market, finds Future Market Insights (FMI) in a new study. Customers nowadays are increasingly aware about various negative effects of using chemically synthesized pesticides and fertilizers. This has been resulting in surging sales of organic stimulants.

Bio-stimulants are produced by combining various elements such as microorganisms, enzymes, seaweed extracts, plant hormones and amino acids and are intended to boost soil fertility and plant growth. They are naturally created hormones used in soil, seeds, vegetables, and fruits, besides other crops to help increase nutrient intake, antioxidant level, water retention, chlorophyll production and metabolism.

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Growing concerns regarding the environment also play a key role in the bio-stimulants market growth as these substances are used together with organic manure to increase fertility of the soil and improve plant habitat. They are being increasingly adopted due to their low ecological footprint and non-toxic properties.

Key Takeaways from The Bio-Stimulants Market Report

The MEA bio-stimulants market is expected to grow at a CAGR of 7.8% during the period of 2020-2030
The market is expected to reach a valuation of US$ 144.6 Mn by the end of the forecast period
Due to their efficiency in improving yield of high-value crops and the easy application process, the demand for biostimulants will be considerably high foliar application
Growing population along with increasing focus on sustainable farming is expected to increase drive the MEA biostimulants market
Humic substances are expected to remain highly sought after active ingredients due to their ability to modify root morphology and plant membrane activities.
Favorable government regulations and low labor costs have been creating lucrative prospects for growth in the MEA

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“Lack of arable land and surging population will continue fuelling demand for biostimulants in the Middle East and Africa. With governments actively encouraging the adoption of sustainable agricultural practices, the demand for biostimulants will continue rising in MEA,” said a lead analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic caused disruptions in several sectors including the bio-stimulants market. Implementation of lockdown in several countries caused a major slowdown in production. The restrictions on transport affected the shipment of raw materials, shutting down production of bio-stimulants.

With increasing awareness regarding health and safety, people are now shifting towards the use of organic products. This has increased demand for ecofriendly and sustainable agricultural products, increasing growth in the bio-stimulants market. The market is expected to bounce back and grow at a steady upward trajectory.

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Who Is Winning?

Manufacturers are focusing on developing bio-stimulants with improved efficiency and safety to increase application in the market. Players are also collaborating with various companies to create better versions of biostimulants. For instance, In March 2020, Syngenta and SICIT Group agreed on a 15 year contract to supply HICURE and ISABION bio-stimulants with the intention to propel the use of sustainable agriculture.

Some of the key players in the bio-stimulants market are Bayer CropScience, Platform Specialty Product Corporation, Biostadt India Limited, Koppert Biological Systems, Sapec Group, Valagro S.p.A., Syngenta AG, Lallemand, Marrone Bio Innovations, AlgaEnergy, Novozymes A/S, BASF SE, Biochimica S.p.A., UPL, Isagro S.p.A. and Italpollina S.p.A.

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Hydrazine Hydrate Market estimated to reflect a healthy 4.9% CAGR in the forecast period between 2030

According to a new report by Future Market Insights (FMI), hydrazine hydrate market surpassed US$ 426 million in revenues in 2019, and is projected to grow at a steady 4.9% CAGR through 2030. The latest study takes into account the impact of COVID-19 on hydrazine hydrate market.

According to the study, demand for hydrazine has witnessed a notable slump in 2020 owing to the ongoing covid-19 outbreak. Restrictions on manufacturing, automotive, and polyester industries, coupled with disruptions to raw material supply chains has limited growth of the industry for the short term.

As per the report, innovations in polymerization and agriculture chemicals, and new, cost-effective production methods, will support the market in the long term.

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Despite the upwards trajectory of the hydrazine hydrate market between 2020 and 2030, environmental and health concerns associated with the carcinogenic and toxic nature of hydrazine hydrate, and the resultant strict regulations on handling, storage, and use of the material is expected to limit the growth of the sector.

The study by FMI encompasses a wide-ranging overview of the market, with data on key dynamics of the hydrazine hydrate industry. Some of the prominent takeaways include:

The hydrazine hydrate market size was estimated at over 426 Mn in 2019, at over 157 thousand tons with growth diminishing moderately for the duration of the coronavirus outbreak, owing to lockdown restrictions and reduced demand for polymer foams and agrochemicals.
At over 60 thousand tons of hydrazine hydrate used in 2019, the polymerization and blowing agent application segment is expected to account for more than 37% of the market share over the forecast period.
Water treatment and pharmaceutical applications of hydrazine hydrate are unlikely to be affected by the covid-19 pandemic, reflecting over 4.5% CAGR during the crisis period.
With a production volume of over 66 thousand tons in 2019, East Asia will remain a leading market for hydrazine hydrate, supported by the presence of production facilities by international market leaders in China and Japan, and high volumes of production and exports. Also, South Asia and Pacific is expected to reflect relatively strong growth on the back of agrochemical demand from agrarian economies in the region.

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“Aside from conventional applications of hydrazine hydrate in polymer and agrochemical sectors, demand arising from the aerospace industry in recent years and larger investments into space exploration is likely to aid the prospects of the market over the projection period,” said a lead analyst from FMI.

Covid-19 Impact on Hydrazine Hydrate Market

The coronavirus pandemic has moderately affected the hydrazine hydrate market, with the demand for polymers and blowing agents slumping on a global scale. Also, restrictions on international trade and lockdown regulations on the operations of the chemicals industry is projected to limit short term demand in the market.

Further, foam manufacturers are being forced to shut down or limit production processes, for non-essential applications. However, demand for hydrazine hydrate in the pharmaceutical and water treatment segments are unlikely to be affected by the coronavirus crisis. Applications as pharma intermediates, and demand for potable water will help to partially mitigate any loses arising during this time.

These factors, compounded by a decrease in consumer spending has shrunken market size, made investors hesitant, and has hurt the average growth rate. However, the market is likely to reflect gradual recovery towards 2021, with relaxation of lockdown restrictions.

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Who is Winning?

In its latest report, Future Market Insights have provided an in-depth overview of the business strategies that have been observed in the hydrazine hydrate market. Major market players in the industry have largely invested their resources into research and development endeavors for the development of optimized production technologies. Strategic acquisitions and capacity expansions are gaining prominence in the hydrazine hydrate sector.

Hunan Zhuzhou Chemical Industry Group Co Ltd., Otsuka-MGC Chemical Company Inc., Tangshan Chenhong Industrial Co. Ltd., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co. Inc., Yibin Tianyuan Group Co. Ltd., LANXESS, and Japan FineChem Company are some of the more prominent players in the hydrazine hydrate market.

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Cold Plates Market set to grow by 5.2% CAGR by the end of the forecast period from year 2030

In response to the surging application of cooled liquid systems in-built with cold plates instead of forced air cooling systems, the cold plates market demand is rising rapidly. According to Future Market Insights (FMI), the global cold plates market is expected to grow by 5.2% CAGR during the forecast period from year 2020 to 2030.

The increase in focus on miniaturized electronics components are leading the cold plates market towards further growth across the globe.

Despite of being affected by the novel coronavirus outbreak due to shutting down of manufacturing units, crisis in raw materials and labors, decline in demand and others, the market holds strong potential to excel.

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As the cold plates market is expanding across the world creating huge scope for the market players, top companies such as BOYD Corporation, Telerex, Wieland Microcool, Cofan USA Inc., and others have started adopting strategic ways to utilize the opportunities.

The FMI report offers a detailed analysis of the global cold plates market, its growth, scopes and potential during the forecast period.

Some of the key takeaways from the report are highlighted below-

The global cold plates market is expected to grow by 5.2% CAGR during the forecast period from the year 2020 to 2030
Exclusive features of cold plates such as minimizing noise effects, reliability, adaptability to wide ranges of temperature and others are forecast to market growth
Introduction to highly efficient customized products is projected to steer cold plates market demand throughout the forecast period
Surge in miniaturized electronics components used in diverse range of products is expected to propel the lightweight and higher fin density cold plates market growth.
Growing inclination towards advanced liquid-cooled thermal solutions is anticipated to spur the market demand all over the world
High-powered electronics will sustain as the leading applications of the market
Region-wise North America, followed by Latin America and Europe will dominate the global market
Growth in semiconductor and electronics industry will cater to the market growth in the coming years

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“Surge in miniaturized electronics component and increasing inclination towards liquid-cooled thermal solutions is anticipated to propel the global cold plates market growth during the forecast period from the year 2020 to 2030.”- says an FMI analyst.

Surge in Liquid-Cooled Thermal Solutions Demand Driving Growth

The modern day technology needs smaller microprocessors to operate, which results in excessive power consumption, rising heat flux and other issues. Due to these cons the circuit designers need to develop more efficient system which are more expensive and less attractive in terms of usage flexibility.

As the requirement of liquid-cooled solutions have been increasing rapidly, various industries such as high power electronics developers, motor devices manufacturers, automotive components developers and others are opting for affordable options. As a result the demand for advanced cold plates is increasing worldwide.

New-age Technologies Aiding Expansion

The advancement in technologies coupled with the increase in light-weight and affordable equipment demand in various applications such as, lasers, military equipment, medical equipment and others are boosting the global market growth.

The modern-age cold plates are suitable to be used as light-weighted system components with high performing capability. As the cold plates help in achieving better coefficient of temperature expansion (CTE), it is widely preferred among the diverse end users.

Due to their high thermal conductivity and compact design, cold plates market demand is anticipating further surge in growth in the coming years.

Sluggish Growth Likely Due to COVID-19

The COVID-19 pandemic brought the cold plates market to a stand-still for some time. Restraining factors such as hampered supply chain management, nonoperational manufacturing units due to lock down and others have resulted in decline in the market growth during the current year.

As more people are getting inclined towards consuming more essential products, the global market is experiencing less demand for various cold plates applications such as, motor devices, wind turbines and others. In the other hand the increased demand for medical equipment has worked in favor of cold plates market.

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Despite of facing a few issues due to COVID-19, the cold plates market is anticipated to exhibit continuous growth during the forecast period from year 2020 to 2030.

Who is winning?

Due to the surging demand for cold plates from the various end-user industries such as high powered electronics equipment developers, medical equipment developers and others, the market is expected to experience acceleration in growth.

The key market players such as, Parker Hannifin Corporation, Columbia-Staver Limited, Wieland Microcool, BOYD Corporation, Cofan USA, Inc., and others have started taking innovative approaches to dominate the market.

For instance, the key market player BOYD Corporation has brought their new ranges of thermal solutions with special emphasis on liquid cold plates with the feature of removing heat from high heat load surfaces for cooling in a complete liquid system.

Parker Hannifin Corporation has launched their new set of thermal and power management products with the availability of diverse ranges of cold plates such as THERM-A_GAP HCS10 thermally conductive gap filler pads, CHO-THERM Thermally conductive electrical insulator pads and others.

Cofan USA, Inc. has released their exclusive thermal stimulation with the latest software to handle complex CFD stimulations and CAD modelling utilizing the best of the benefits of cold plates.

As the global market is anticipated to witness further growth in the coming years, the competitive market players are investing heavily to lead the market.

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