User Experience Set to Define the Future of Automotive Multifunction Switches

In the automotive design sphere, interiors were playing a second fiddle, while enhanced aesthetic features resided in the metal sheet of the exterior. However, the game has been radically changing, in recent years, with the rise of connected mobility and autonomous vehicles. The revolution of automotive interiors is underway in current models filled with advanced features, technologies, and materials, and multifunction switches are no exception.

While the industry has for a long time been based on increasing volumes and reducing prices, OEMs as well as component suppliers including switch manufacturers are facing a myriad of challenges – in the light of reducing emissions and weight along with electrification and digitization drive towards connected cars. In the current scenario, where the volume won’t steadily grow, switch manufacturers are leveraging and tracking new technologies to differentiate their products and align with emerging trends of enhanced in-car ambience.

Smart Switches over Basic Interior Controls – The Shift is Underway

In the era of unprecedented change, the saleability of a car is likely to depend on how well it is integrated with consumers’ digital lifestyle. As the car becomes an extension of personal space and overall digital experience, automotive multifunction switches will have a key role to play, thereby compelling manufacturers to redefine their line of designs and products. Technological innovations such as smart seating, paddle shifts, and stop/start functions will require multifunction switches for instant and enhanced control, but they will be smart switches – undreamed of a few years ago. Apart from basic interior controls, smart switches will be required for particular characteristics such as high reliability and self-failure detection. As consumer expect the same experience as they get from smartphones and tablets, automotive manufacturers are pinning their hopes on human-machine interface technologies, which may result in further changes in the multifunction switches.

Rapid emergence of infotainment trend in auto vehicles has also led to the development of innovative multifunctional switches for steering wheels as well as display units. Touch sensitive switches or touch control buttons, which react precisely to horizontal and vertical movement of fingers, are making significant progress in the automotive interiors, allowing drivers to control all relevant vehicle functions while both hands stay on the steering wheel. Moreover, infotainment in cars is becoming as important as the car performance, which is likely to offer the opportunity for cross-market solutions from the consumer electronic sector.

Autonomous Vehicles Call for More Control Functions

Following the announcement of ban on the sales of petrol and diesel engine cars by 2040, the sales of electric vehicles and autonomous cars are likely to ramp up in the years to come. However, the car of the future is still in flux, in terms accident-free features and efficiency of battery-powered engines. The move towards self-driving will further need to integrate more control functions within a vehicle. As it will not be possible to rely on one-size-fits-all solutions for diverse set of requirements, automotive multifunction switch and other component manufacturers will need to come up with innovative strategies.

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Focus on Improving the Safety in Manufacturing Facilities Expected to Boost the Growth of the Calibrators Market

Future Market Insights recently published a market research study that offers valuable insights related to the growth prospects of the global calibrators market over the forecast period, 2019-2029. The report covers critical information about the various factors that are likely to influence the overall dynamics of the market including, the current & predicted trends, growth opportunities, market drivers, challenges, and restraints. According to the report, the market value of the global calibrators market is predicted to touch ~US$ 800 million in 2019 and expected to reach a market value of ~US$ 1,200 million by the end of 2029 expanding at a compounded annual growth rate (CAGR) of ~ 4% over the forecast period, 2019-2029.

A number of factors are expected to play a key role in driving the growth of the calibrators market including, focus on enhancing the overall performance of power plants, boosting efficiency within power plants, improving safety, productivity, and profitability. Furthermore, regional and global calibration standards require calibration of electrical equipment – a factor that is playing an imperative role in boosting the sales of the calibrators market worldwide.

Adoption of new-age calibration processes to enhance plant performance on the rise

The demand for state-of-the-art calibration equipment has witnessed significant growth in recent years from multiple industrial sectors. In addition, measuring the various parameters including electric current or force is highly critical to ensure the safety of products.  The calibration of different manufacturing equipment is a critical part of a manufacturing process as it plays an imperative role in improving the overall output of machines, promote workplace safety, and increase profitability. In addition, several regional and global calibration standards require regular calibration of electrical equipment. Hence, the demand for advanced calibrators is expected to witness considerable growth in the upcoming years.

North America expected to remain a prominent region

According to an analyst at Future Market Insights, “The calibrator market in North America is expected to account for over 25% of the market share over the forecast period owing to rampant growth in industrialization and urbanization. “ Further, advances in technology in the region coupled with the presence of established market players is a major factor that is expected to boost the overall prospects of the calibrators market in North America. According to the report, Europe is likely to remain the second-largest regional market in terms of market value owing to stringent regulations that mandate the calibration of electrical equipment. 

Calibrators Market: Vendor Analysis The report offers significant insights related to the major market players operating within the current landscape of the calibrators market. In addition, the report includes intricate details including the company profiles, growth strategies, marketing strategies, sales footprint, product offerings, market position and more of top-tier companies in the global market. Some of the leading market players in the calibrators market are, AMETEK INC, Beamex Oy Ab, OMEGA Engineering Inc., Yokogawa Test & Measurement Corporation, ABB, and more

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Growing Demand for Food Protection and Safety to Propel the Growth of the Agriculture Packaging Market: FMI Study

Future Market Insights, in its recently published market research report, offers valuable insights related to the overall prospects of the global agriculture packaging market during the forecast period, 2018-2028. The report provides a thorough and full-proof analysis of the leading factors that are forecasted to influence the overall market dynamics in the upcoming years such as the evolving trends, market drivers, growth opportunities, restraints, and more.

According to the report, the market value of the global agriculture packaging market was ~US$ 2,072 million in 2017 and the market is expected to grow at a compounded annual growth rate (CAGR) of ~5.3% over the forecast period, 2018-2028. Further, the report offers intricate information related to the market scenario in various geographies including North America, Latin America, Europe, Asia-Pacific excluding Japan, Middle East, and Africa, and Japan along with relevant tables and figures.

The report throws light on some of the major factors that are expected to drive the growth of the market over the forecast period including, the rising demand for fresh agricultural products, consumer demand for sustainable packaging solutions, focus on food protection, emergence of agriculture packaging or labelling as a marketing tool, and advent of various types of agriculture packaging solutions including, fiberboard, clamshell packaging, stretch film, flexible intermediate bulk containers, and more.

Manufacturers focus on improving food protection to gain a competitive advantage

In the current scenario, manufacturers operating in the agriculture packaging market are concentrating their efforts to minimize food waste, enhance food protection by adopting effective packaging solutions, focus on the development of sustainable packaging alternatives in accord with consumer demands, and increase research and development activities to gain a competitive edge in the market. Further, market players are likely to focus on improving the shelf life of food products by utilizing the most proficient and environment-friendly packaging materials.

Growing demand from the agrochemicals sector is expected over the forecast period which in turn is expected to provide a significant impetus to the growth of the agriculture packaging market in the upcoming years.

Segmentation of the agriculture packaging market

The market study on the agriculture packaging market published by Future Market Insights throws bifurcates the market based on different parameters including product type, barrier type, application, region, and material type among. Further on the basis of the type of products, the market is segregated into silo bags, clamshells, bags/bins, trays, bulk containers, and bottles among others. In addition, on the basis of the material type, the market is segmented into paper board, jute, glass, and plastic among others. The report provides accurate and precise analysis of the various market segments which offer a thorough analysis of the market share, size, revenue growth, and more for each market segment.

Agriculture packaging market: Vendor Insights

The report offers valuable information related to the major companies operating in the global agriculture packaging market such as the recent developments, growth strategies, pricing strategies, expansion strategies, and more. Some of the leading market players in the agriculture packaging market are, Proampac LLC, Berry Global, Inc., Time Technoplast Ltd., Tetra Pak International S.A., Smurfit Kappa, DS Smith Plc, and more.

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Sorbitan Esters Market to Reach US$1300 Mn by 2029-End

Sorbitan Esters are the products made from esterification reaction which includes fatty acid and polyol. Both can be obtained from plant-based as well as from animal based-source. Plant-based sources such as seaweeds, fruits, and vegetables, etc. Sorbitan Esters combines six substances in which, one is a diester, four are monoesters and the remaining are trimester. Most of them are in liquid form, but it can be found in solid and semisolid/paste form as well. Sorbitan esters are used in different industries for a different purpose. It is utilized in food and beverage, cosmetic and personal care, pharmaceuticals, lubricant and wax, animal feed and textile industry. This multiple application of sorbitan esters in different industry result in its high demand in the forecasted period and work as one of the driving factors for the sorbitan esters market.

Overview of the Global Sorbitan Esters Market

According to the recent study published by Future Market Insights, the global sorbitan esters market will record a lucrative growth during the forecast period 2019-2029. Due to the expansion of the cosmetic and personal care industry around the worldwide which generates high demand for sorbitan esters as an ingredient in cosmetic products. Also, the increasing trend of plant-based ingredients in food & beverages and the cosmetic & personal care industry resulted in high demand for plant-based sorbitan Esters and led to drive its market in the forecasted period. The report includes key insights about the market based on the information about the latest activities by the leading suppliers, manufacturers, and distributors in the global sorbitan esters market. Along with that it also includes drivers, restraints, ongoing trends and opportunity for the market players. Global sorbitan esters market.

Segmentation of the Global Sorbitan Esters Market

The global sorbitan esters market has been segmented on a different base, such as on the basis of form, grades, product type, end-use, and regions. In which on the basis of form is further sub-segmented as Liquid, Solid/Powder, and Semisolid/Paste. The liquid segment holds the major share in the present sorbitan market, but it is not the growing segment in the forecasted period. Therefore, semisolid/paste shows the high growth in the forecasted period owing to the increasing use of sorbitan esters paste in different industries as an ingredient. On the basis of end-use, the sorbitan ester market is segmented as cosmetic and personal care, food and beverage, pharmaceutical, lubricant and waxes, industrial, and textile industry. Among which the food and beverage industry captured the largest share in the global sorbitan ester market, where the textile industry shows the highest growth in the coming years.

Regional Outlook of the Global Sorbitan Esters Market Market

The global sorbitan esters Market is divided into seven regions, such as North America, Europe, Latin America, East Asia, South Asia Middle East & Africa, and Oceania. Among all these regions Europe and North America hold the major share in the sorbitan esters market, owing to the high demand for personal care products from the consumers and increasing expenditure on pharmaceuticals by the consumers. Where South Asia and the Middle East & Africa shows positive growth in the coming years due to the increasing demand for food emulsifier and other food additives in the region.

Competitive Outlook of the Global Sorbitan Esters Market Some of the leading market players in global sorbitan ester market are Merck KGaA, Oleon NV, E. I. du Pont de Nemours and Company (Danisco), Ivanhoe Industries, Inc., LEUNA-Tenside GmbH, Vantage Specialty Chemicals, Inc., Sabo S.p.A., SEPPIC ( Air Liquide), Ethox Chemicals, LLC., Mosselman s.a., UNION DERIVAN, S.A., Avatar Corporation, Lonza AG, Penta Manufacturing Company, LASENOR EMUL, S.L. Increasing applications of sorbitan esters in different industries is likely to open an ideal window of opportunities for manufacturers in the sorbitan ester market. Also with the help of imperative information about drivers, restraints, and trends in the global sorbitan ester market, the market study published by Future Market Insights provides helpful information to manufacturers and distributors.

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Wine Cooler Market to Reach ~US$ 4 Bn by 2029-End

Significance of wine serving temperature has played a vital role in launching of multiple wine cooling gadgets across the world. Moreover, continuous innovation in wine cooling gadgets is a key trend followed by manufactures over the last decades.  Instant cooling of wine is a need faced by customers around the globe whether is residential segment or commercial segment. The wine coolers market is witnessing a significant growth in terms of volume due to increasing number of clubs, bars, and pubs globally and increasing consumption of wine by residential areas. In present scenario, consumers are inclining towards high-price segments that provide better-quality of products such as wine coolers. Wine is a big business in California. It is the world’s fourth leading producer of wine after France, Italy and Spain. Thus, the wine cooler market in USA is expected to hold a significant share in the global market. Moreover, Italy is the largest and most diversified wine-producing country in the world owing to its favorable climate, the varieties of grape available in the country and its geographical characteristics, which makes it the ideal place for the production of high-quality wines. Thus, the charm of wine and the significance of its preservation have inspired various manufacturers to develop a wide range of wine coolers with advanced technological design masterpieces.

Overview of the Global Wine Cooler Market

According to the recent study published by FMI projects that the global wine cooler market will record a steady growth during the forecast period 2019-2029. The report includes critical market insights based on the crucial information about the latest activities by the leading suppliers, manufacturers, and distributors in the global wine cooler market. The market study published by FMI provides the most requisite data about the factors that can make a significant impact on the growth of the global wine cooler market. Leading players, stakeholders, and new entrants in the market can plan right business strategies and follow a correct decision-making process.

Segmentation of the Global Wine Cooler Market

This section of the market report provides a thorough information about drivers, opportunities, as well as restraints that are impacting the growth prospects of the global wine cooler market. The crucial information provided in this section can help market players in taking well-informed decisions and planning business strategies. The report contains a detailed analysis of the effects of macroeconomic factors associated with the leading manufacturers and distributors on the growth of the market.

In the last section of the report, readers and market players can find critical information about major market players and notable developments in the global wine cooler market. The concluding section discusses company overview, major collaborations, mergers, and company sizes, which provides readers with the most imperative insights.

Competitive Outlook of the Global Wine Cooler Market

Leading manufacturers in the market are focusing product innovation and celebrity endorsement. Moreover, new product launch and addition of features are helping companies to witness a significant growth in the global wines cooler market.

For instance, in 2016, Smeg UK Ltd. introduced two new wine coolers with integrated & under counter versions equipped with novel cooling technology. The undercounter installation type wine cooler has an impressive 38-bottle capacity with two separate compartments. These two wine coolers are easily controlled by touchscreen technology. The two interior compartments are controlled separately and can be set at different temperatures, which insures that different types of wines can be stored in the ideal environment.

On other hand, customer demand and purchasing pattern plays an important role. The key players are focusing on the millennials. At present, nearly all millennials are aged 21 years and above, thus, they are developing their drinking habits and overall attitudes. The amount of wine that they drink is above conventional standards. In addition, they want to explore a larger variety of grapes from different regions as well as the different methods that are used for the production of wine. According to an independent study by Florida House Experience, a drug and alcohol rehab center, millennials drink almost half of all wine available in the U.S. The study also stated that around half of all millennial women prefer wine more than any other alcoholic drink

With the help of imperative information about drivers, restraints, and trends in the global wine cooler market, the market study published by FMI provides helpful information to manufacturers and distributors.

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Reasonable Sustainable Fuel Products Accomplishing Thrust in Industrial Sector in the Biomass Pellets Market Globally

In the previous years, biomass pellets have seen a noteworthy climb in need from various sectors. Biomass pellets could be utilized proficiently in coal-fired boilers when co-fired with coal. This lessens carbon outflows from manufacturing plants. Henceforth, biomass pellets are increasing huge ubiquity among industrialists who are attempting to chop down their carbon outflows and achieve sustainable advancement.

Market players in the worldwide market for biomass pellets are effectively taking part in the worldwide trading of biomass pellets. This is helping them achieve abroad markets where the need is relatively higher. The volumes of export-import are likely to increment further over the approaching years at a high development rate. This expansion will be significantly determined by the developing selection of biofuels amid sectors that have made the important need for biomass pellets.

Europe is a standout consumer among other regions of the market for biomass pellets. On the other hand, different regions such as East Asia, South Asia and North America amid others, are anticipated to expand at higher paces in the approaching years.

Expanding government subsidies and policies advancing and supporting the use of renewable fuels, for example, biomass pellets against fossil-based fuels from biofuels is likely to make the important need for biomass pellets all over geographies. For example, in North America, the BTU Act (Biomass Thermal Utilization Act) of 2019 goes for promoting and recognizing the economic and environmental advantages of biomass-inferred energy sources and fuels. This action gives 15% to 30% credit to clean wood heating systems for residential and business applications.

Foremost Driving Aspects of the Biomass Pellets Market

  • Surplus accessibility of biomass feedstock to boost the market growth

As a consequence of over the top forestry and agricultural exercises, there is a surplus measure of biomass accessibility as forest waste and agricultural residue, amid others. Moreover, most countries over the globe are agriculture relied on. This guarantees the accessibility of feedstock for biomass pellet creation, and henceforth, goes about as a noteworthy driving component for the worldwide market for biomass pellets.

  • Developing need for biomass pellets in coal-based boilers as fuel for co-firing

Biomass pellets are accounted for to be an effective energy source which can be utilized along with coal for heating applications, amid others. Most sectors which have introduced coal-based boilers are slanting towards the utilization of biomass pellets to co-fire with coal for heating so as to diminish their carbon impression and decrease the expense of consumption on costlier fossil-based energy fuels.

  • Expanding need for renewable sources of energy to generate the need

The IRENA (International Renewable Energy Agency) of the SE4All (Sustainable Energy for All) activity means to practically twofold the share of renewable sources of energy in the worldwide energy sector before the finish of 2030. To accomplish this, it built up a worldwide renewable energy roadmap known as REmap 2030. Such activities are anticipated to make the remarkable need for renewable sources of energy, for example, biomass pellets, in the approaching years

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Growing Adoption of Robots across Various Industries to Propel the Growth of the Cyber-security in Robotics Market: FMI Study

Future Market Insights recently published a market study that offers critical information related to the growth trajectory of the cyber-security in robotics market during the assessment period, 2019-2029. The report throws light on the various factors that are projected to impact the dynamics of the market including the trends, growth opportunities, challenges, and more. As per the report, the market value of the cyber security in robotics market was ~US$ 2.6 billion in 2019 and the market is expected to grow at a compounded annual growth rate (CAGR) of ~11% over the considered forecast period, 2019-2029.

Some of the prominent factors that are likely to accelerate market growth in the upcoming years include, advancements in technology, exponential rise in the demand for cloud security in robotics, improved adoption of disruptive technologies including machine learning and artificial intelligence (AI) in the cyber defense space, robust data protection framework for information security, and more. In addition, increase in the overall spending towards product innovation and development of cutting-edge cyber-security software is expected to generate significant demand for cyber-security in robotics in the upcoming years. Moreover, companies active in the current market landscape are focusing on the development of advanced security solutions including, encryption, authentication, secured communication, denial of service protection and more.

Notable growth in the number of cyber-attacks to propel demand for cyber-security in robotics

The adoption of robots in various industrial verticals including, military, manufacturing, automated vehicles, and medical among others has witnessed a remarkable growth in the last few years. However, although robots play a key role in enhancing productivity, mitigate human error, and improving the overall output, they are vulnerable to cyber-attacks and require an efficient cyber security solution to combat the same. The nature of the cyber-attacks could vary based on the type of a robot and often require different solutions. In the current scenario, there is a considerable growth in the number of ransomware attacks on industrial robots and Man-in-the-Middle attack on medical robots that lead to significant loss in data, revenue, and more. Thus, owing to a significant rise in the aforementioned cases, there is an exponential rise in the demand for advanced cyber security solutions including, denial of service protection solution and authentication solutions – a major trend expected to boost the growth of the cyber-security in robotics market in the upcoming years.

North America projected to offer significant opportunities

According to an analyst at Future Market Insights, “The adoption of robots in North America over the last five years has increased at a blazing pace in comparison to the other regions of the world. Further, the demand for industrial Internet of Things (IoT) in North America is further expected to boost the demand for cyber security solutions over the next few years. “Moreover, advancements in technology, growing innovations, and presence of established cyber-security players in North America are other factors that are playing an imperative role in the development of the cyber-security in robotics market in North America.

Cyber Security in Robotics Market: Vendor Insights The presented market study by Future Market Insights offers valuable insights related to the major players operating in the cyber security in robotics market including, the company profiles, sales footprint, growth strategies, product offerings, and more. The leading market players in the market are, McAfee, TUV Rheinland, Aujas Cyber security, Trojan Horse Security, Beyond Security, NTT Data, Alias Robotics, and more.

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Global Automotive Bioplastics Market Getting Popular as Fuel Prices are Set to Surge

The demand for the use of bioplastic materials in the automotive industry as a way of reducing dependency on fossil fuels has led to a steady growth in recent years and was valued at over ~US$ 521 Mn in 2019. This is expected to remain the same, with the market thriving at a healthy pace of about 11% during the forecast period between 2019 and 2029. This growth can also be attributed to the increased demand globally to shift away from petroleum based materials from developed countries in North America and Europe in particular.

Popularity of Electric Vehicles to Spur Growth

There has been an increasing preference in recent years coming from consumer inclination for electric vehicles on the back of environmental awareness growing about the negative impact of fossil fuels. With people opting for electric cars in Europe and North America, there have also been incentives offered by governments such as reduced prices have also furthered the adoption of electric cars, and a  growing interest in plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV). This has subsequently contributed to the growing demand for the use of bioplastic materials in the automotive industry, in recent years for both interior and exterior components.

Regional Markets within the Global Scenario

The global push for sustainability has had an unprecedented impact on manufacturing across industries globally, including the larger automotive industry. The automotive bioplastics market’s stakeholders are increasingly looking into materials that align with these goals of reduction of carbon emission and reliance on fossil fuels. This is particularly significant in the regional markets in North America and Europe, where there has been steady growth in the use of Bioplastics in the making of vehicles. This is due to the high investments in research and development into the use of Bioplastics, in comparison to other regions in the global landscape.

The use of Bioplastics has extended to beyond the automotive industry to find applications and users in several end-use industries including packaging. There is also increasing interest coming from other developed countries in the Asian market, especially Japan, which has become a front runner in the area when it comes to adoption of Bioplastics in general and automotive industry in particular.

Overview of the Market

The overall global automotive bioplastics market is considered to be largely fragmented with several established and newer companies occupying the landscape. These players are investing heavily in research & development and product innovation that reduces the weight of vehicles, contributing indirectly to the fuel efficiency and reduced fuel consumption. This comes on the back of governments and regulatory authorities globally pushing for lighter vehicles to achieve and improve better fuel efficiency. This trend has also led both manufacturers and OEMs to focus on specific application of newer materials like bioplastics over conventional materials which not only significantly reduce the weight of the vehicle but also have other technological benefits in comparison to other materials

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The onset of Innovative and Improved Tennis Gear Expected to Propel the Growth of the Tennis Equipment Market: FMI Study

Future Market Insights recently published a market research report that offers valuable insights related to the overall prospects of the global tennis equipment market. The report includes an in-depth analysis of the various factors that are estimated to influence the overall dynamics of the market including the trends, growth opportunities, challenges, restraints, and more. According to the presented study, the projected market size of the tennis equipment worldwide was ~US$ 8 billion and the market is projected to grow at a compounded annual growth rate of ~3% over the forecast period, 2019-2029.

Some of the leading factors that are likely to contribute towards the market growth include a growing number of female tennis players in various age-segments, the surge in the number of overall tennis playing population worldwide, the influence of top-tier tennis players, enhanced broadcasting and coverage of tennis tournaments, and more. Further, manufacturers operating in the tennis equipment market are focusing on developing innovative tennis equipment that will play a significant role in improving the overall performance of tennis players in the years to come.

Cutting-edge technologies set to redefine tennis footwear

In the last decade, apart from emerging as a viable career option, the sports sector presents a flurry of alternative business opportunities owing to its strong links with the tourism and education sector. In addition, growing awareness related to the health benefits of participating in sports activities has propelled the growth of the number of tennis players worldwide. Thus, as sports is solidifying its place within their lifestyle, consumer demand for comfortable and durable tennis footwear has witnessed considerable growth. Thus, anticipating the evolving consumer trends, manufacturers operating in the sports equipment market are aligning their operations to develop improved, well-cushioned and lightweight shoes. Moreover, the adoption of 3D printing technology to produce sports equipment offers manufacturers the freedom to customize their products according to consumer requirements.

South and East Asia expected to present significant opportunities for market players

The influence of professional tennis among the Asian population, especially the youth is playing a major role in increasing the demand for cutting-edge tennis equipment in the region. Further, the economic growth of several countries in Asia including China and India are likely to put forward a range of lucrative opportunities for market players. In addition, the development of sports infrastructure, the advent of modern training facilities, and continual government support to promote sports are some of the factors that are forecasted to create an array of opportunities for market players operating within the tennis equipment market. In addition, a notable growth in the number of individuals pursuing tennis professionally is set to fuel the demand for tennis equipment in the upcoming years.

Tennis equipment market: Vendor Insights The report offers significant insights related to the major companies operating in the global tennis equipment markets such as company profile, product offering analysis, sales footprint, and more. Some of the leading market players in the tennis equipment market are, Head N.V., Amer Sports Corporation, Dunlop Sports Co., Ltd., Oliver Sports & Squash GmbH, Babolat, Yonex Co., Ltd., and more.

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Fructose Sales to Grow as a Natural Sweetener; Corn Remains the Most-preferred Source: FMI Study

The global food industry is on the hunt for a suitable, natural, and healthy alternative to sugar, as consumers continue to spurn unhealthy food products with high sugar content, and fructose is emerging as one of the most popular natural sugar substitute in the landscape. With the increasing demand for fructose in various food products and beverages, its global sales are likely to surpass US$ 7 billion by 2019, finds a recent study published by Future Market Insights (FMI). The study assesses importance macro and microeconomic factors that are instrumental in upcoming developments in the fructose market.

The study finds that the growing demand for fructose is mainly attributed by health-conscious consumers showing proclivity for food products with low sugar and natural ingredients. In addition, the study also projects that, among various sources of fructose such as corn and sugarcane, corn accounts for nearly three-fourth revenue share of the global fructose market. Its low manufacturing costs is one of the most important advantages of using corn as a primary raw material in the production of fructose, which is ultimately opening new opportunities for small and medium-sized businesses in the fructose market, opines the FMI study.

Half the Fructose Sales Accounted by the Beverage Industry; High Fructose Corn Syrup High in Demand

The FMI study projects that the sales of fructose in the beverage industry will account for nearly half the share of the global sales, and the demand for high fructose corn syrup will continue to increasein the coming years. The United States Food and Drug Administration (FDA) approved high fructose corn syrup to be safe as a food ingredient, which has contributed to the rise in its consumption in the beverage industry. Furthermore, syrups being more convenient to mix in liquids, their consumption in various types of beverages and carbonated drinks has remain significantly high, projects the FMI study. The study also finds that the sales of high fructose corn syrup accounted for approximately two-third share of the global fructose market in 2018, and its demand is likely to remain high in the coming years. Manufacturers are adopting innovative technologies in the manufacturing of fructose in the form of high fructose corn syrup to ensure mercury-free processing, which will further improve its sales potential. While the demand remains significantly high in the beverage industry, the consumption of fructose will grow in other food products such as bakery and dairy products, which collectively account for around one-third revenue share of the market, opines the FMI study.

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