Cling Film Sales to Surpass US$ 1 Bn Mark in 2019, Increasing Preference for Bio-based Alternatives to Shape Future: FMI

Food, healthcare, and FMCG industries have been the predominant end users of cling films, which continue to drive cling film sales at a healthy rate. With increasing demand for convenient and flexible packaging solutions across industries, the market for cling films will exhibit promising growth in the near future.

A new Future Market Insights (FMI) study projects a CAGR of over 5% for the global cling film market during the forecast period, 2019 – 2029. While global sales of cling films are set to exceed the US$ 1 Bn mark by 2019 end, the report states that demand will be majorly driven by its durability and cost competitiveness.

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Key Takeaways – Cling Film Market Study

  • Preferred for its high durability, cling film also has excellent tear-resistant capability. Cling film has thus become a standard household product that keeps a variety of products fresh and protected.
  • Increasing preference for transparent product packaging would continue to fuel adoption of cling films across industries.
  • Significant consumption of cling film is projected in the consumer goods industry.
  • Poly vinyl chloride (PVC) and polyethylene (PE) will continue to gain preference over other material counterparts in cling film market.
  • Non-recyclable attributes of cling film remain the most prominent barriers limiting its adoption.
  • Growing availability of bio-based alternatives to cling film will pose a significant threat to the growth of cling film market.

Innovations Centered Around Bio-based Alternative Solutions

Recently, some companies are manufacturing sustainable alternatives of cling film. One of the leading manufacturers of cling film, FKuR Kunststoff GmbH, developed a new biodegradable cling film. The company is developing bioplastic compounds without starch derivatives and are moisture-resistant. They offer a significant advantage as compared to other commercial starch-based plastics.

Bee’s wrap is also emerging as a sustainable alternative to cling film. As it is a plant-based muslin fabric material, coated in jojoba oil, beeswax, and tree resin, it can be used for packaging of a wide array of products, including ceramics, snacks, and half-used fruits. Besides this, it is naturally flexible, water resistant, and impermeable, which helps maintain the freshness of packaged products.

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Know More About the Report

Future Market Insights, in its new offering, brings to fore a neutral analysis of the global cling film market, presenting historical demand data (2014 – 2018) and forecast statistics for the period 2019 – 2029. The study reveals compelling understandings on the cling film market on the basis of material (PE, BOPP, PVC, and PVDC), thickness (up to 9 microns, 9 to 12 microns, and above 12 microns), end-use (food, healthcare, consumer goods, industrial and others), and distribution channel (direct and indirect) across seven major regions.

For in-depth actionable insights on how the growth of cling film market will unfold over the period of upcoming decade, write to the analyst at press@futuremarketinsights.com

About Packaging division of FMI 

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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 London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take 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 track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Growth Factors Market to Grow by ~US$ 1 billion between 2019 and 2029: PMR Study

Growth factors have gain immense importance in the field of stem cell biology with ongoing research about theirs efficacy in various medical treatments. Today, recombinant growth factors have become an integral part of cell proliferation and development processes. The awareness about the effectiveness of cell culture in a wide range of medical treatments and applications is increasing rapidly, and this will further bolster research & development activities in the growth factors landscape in the coming years.

A recent study published by Persistence Market Research (PMR) assesses the macro and microeconomic growth parameters of the growth factors market in the past five years, to predict how the market will grow in the coming decade. The study finds that the global market for growth factors grew at an impressive rate though 2014-2018, and with an upsurge in research activities in development of more effective growth factors, the market is likely to reach around US$ 2.5 billion by 2029.

According to the PMR study, the demand for growth factors is mainly concentrated in the cell culture landscape as the adoption of various types of growth factors is increasing dramatically in applications in stem-cell biology for research & development activities based on cell culture. Taking this into consideration, leading players in the growth factors market are focusing on introducing growth factors with high purity, better biological activity, and proven compatibility, in order to offer high-quality proteins for improving stability in cell culture conditions. The adoption of various types of cytokine growth factors such as interleukins, Epidermal Growth Factors (EGFs), Fibroblast Derived Growth Factors (FGFs), and Tumor Necrosis Factors (TNFs) is likely to increase significantly in cell culture R&D activities in the coming years.

Versatile Medical Applications Create New Opportunities; South and East Asia Remain Top Markets

The PMR study finds that the growing adoption of growth factors in a wide range of medical applications is not only fostering the growth of the market but also shaping the future trends in this landscape. The demand is mainly concentrated in the field of oncology, as the alarming rise in the prevalence of cancer is triggering R&D activities in the field. The combination of oncogenes and growth factor families is emerging as one of the most popular catalysts in cancer research as it helps to understand carcinogenesis, creating new opportunities for research in chemotherapy.

Furthermore, the applications of growth factors are increasing for expediting wound healing in surgical procedures, which is ultimately resulting in growth factors gaining critical importance in the wound management landscape. Thereby, the PMR study projects that future research possibilities with recombinant growth factors in the wound healing process is expected shape emerging trends in the growth factors market in the coming years.

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The PMR study also finds that foraying into the industrial areas in South and East Asian countries can help stakeholders to capitalize on the lucrative growth opportunities in these regions. Increasing growth of the pharmaceuticals industry and the healthcare sectors in these regions will continue to create new avenues of growth for stakeholders, opines the PMR study.

Rising Expansion of Industries Drives the Need for Garbage Collection Trucks

Accelerating rate of industrial expansion and inept processes of waste handling are intensifying the concern apropos waste management among various worldwide bodies. According to the World Bank, about 2 Bn tons of solid waste was generated in 2016, which is further estimated to surpass the 3 Bn mark by the next three decades. The fact seems to be indubitable realizing the growing rate of demographics and urbanization.

Citing the demanding situation, governments across the globe are increasing investments substantially to assure the effective operation of wastewater treatment and solid waste management setups. Garbage collection trucks are paramount in such treatment and management plants, and with the inclusion of recycling facilities, the vehicles are becoming a vital component of solid waste treatment. Countries including, China, and India, are centering their focus on upgrading infrastructure, and waste management initiatives under the Five-Year Plan and Swaccha Bharat respectively.

Persistent Market Research, in its recent business intelligence report, reveals the nitty-gritty of the global garbage collection trucks market. As per the study, the global garbage collection trucks market sold ~62, 000 units in 2018, and is anticipated to progress at a steady CAGR of ~4% over the foreseeable timeframe, reaching ~US$ 7 Bn. Rising industrial projects in tandem with massive waste generation across the globe are the prime drivers for an enhanced business footprint.

Garbage Collection Trucks Find Purpose in Municipal Waste Management

The World Bank reports suggest that the waste generation footprint in 2016 reached about 0.74 kilograms a day, which is set to increase with an upsurge in industrialization and urbanization. Individuals residing in developing countries are highly subject to the impacts of inefficient methods of solid waste management, particularly in low-income countries where a majority of municipal wastes is disposed in unregulated dumps or burnt openly.

Recycling methods are an essential aspect of the techniques to decrease the degradation and conservation of natural resources. As such, garbage collection trucks become necessary for proper management of municipal solid wastes to avoid adverse environmental, and health effects.

Automatic Garbage Collection Trucks – An Ideal Refuse Collection Vehicle

The US classification of trucks categorizes garbage collection trucks under the class 8 category – heavy trucks. In the US, heavy trucks contribute to a third of automobile discharge and fuel consumption. Consequently, the regulatory bodies are mandating the employment of automatic garbage collection trucks in a bid to restore sustainability.

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Manufacturers are relying on technological advancements to enhance the performance of garbage collection trucks for achieving fuel efficacy. In a bid to improve the efficiency of the existing garbage collection trucks, innovators are developing lightweight versions with better refuse collection capacity. In addition, market players are introducing advanced features, such as extended working hours, and reduced downtime.

Scanning the Future of Functional Brain Imaging Market: Newer Technologies to Offer Greater Opportunities

In recent years, the healthcare industry has been moving towards a more tailored, value-based, and patient-centric approach by providing personalized solutions for the patients. Significant advances and innovations in biomedical imaging, functional brain imaging in particular, are playing key roles in such approach, as they addresses the current needs for specific prevention, therapy response  monitoring, treatment, and image-guided surgery, if necessary.

In the current scenario, rising incidence of neurological disorders such as Alzheimer’s disease, dementia, and epilepsy, especially among rapidly growing geriatric population, has led to a surge in the demand for functional brain imaging. In addition, rapid penetration of disruptive technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) have given medical equipment companies to claim their place at the forefront of innovation. Moreover, medical imaging including functional brain imaging is likely to benefit the most from these technologies, as they generate large sets of digitized data which can be subjected to advanced analytics.

As per a new business intelligence report published by Persistence Market Research (PMR), the global functional brain imaging systems market – which took a huge step forward with the introduction of function magnetic resonance imaging (fMRI) – is projected to record a CAGR of ~7% during the period, 2019-2029.

Broader Trends Pushing Innovations in Functional Brain Imaging Systems

The combination PET (positron emission tomography) and MRI has been garnering significant traction as a viable hybrid brain imaging technique. This is particularly resulting from improved spatial resolution, wider availability of MRI scanners outside of hospitals, and the ability to gather information on the brain’s response to individual stimuli. Further, in order to align with ever-evolving trends and the urgency to provide real-time results, manufacturers have been focusing on developed durable, miniaturized, and portable versions of functional brain imaging systems.

In the view of growing preference for non-invasive brain sensing along with real-time imaging and monitoring, the use of functional near-infrared spectroscopy (fNIRS) in cognitive neuroscience is likely to gather pace in the coming years. High portability and sophisticated aspects of fNIRS have also made it suitable for range of patient pool, from newborns to elderly demographic. Innovations have been further forthcoming with the emergence of 3D visualization, virtual reality, and image-guided intervention.

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North America Leads Gains, East Asia Presents Newer Opportunities

North America continues to remain at the forefront of the functional brain imaging systems market, with strong presence of market players, skilled professionals, advanced healthcare systems, and favorable reimbursement policies. On the other hand, market consolidation in developed as well as developing nations in East Asia is likely to remain a key to gaining distinct competitive edge, as the governments in the region are heavily investing in the development of healthcare industry amid the rise in healthcare expenditure per capita.

Fruit Infused Water Market is expected to reach ~ US$ 21 Bn by the end of 2029

Consumers’ propensity towards functional beverages in lieu of carbonated and soda-containing drinks is magnifying the presence of niche innovations, including fruit-infused water. With the trend of ‘health is wealth’ mushrooming among the global demographic, particularly the millennial, fruit- infused water resonates well with the growing trend. As such, producers in the food & beverage industry are coming up with new line-ups by pairing two or more fruits, including apple, mango, orange, pineapple, strawberry, watermelon, berry, and citrus.

With the fruit flavors labeled as organic, fruit-infused water has been granted regulatory approval for public consumption by governing bodies, such as the United States Department of Agriculture (USDA) Organic. The market of fruit-infused water is at a nascent stage, yet the buzzword of ‘health & wellness’ is set to push demand.

According to a new business intelligence report by Persistence Market Research, the fruit-infused water market witnessed sales of ~2 Bn liters equating to a value of US$ 10 Bn in 2018 and is expected to progress at a healthy CAGR of ~6% over the stipulated timeframe. The demand for low-calorie consumables is facing an uplift, deepening the penetration of fruit-infused water into the beverages sector. In addition, consumers are increasingly turning to detox drinks in light of weight-loss and cleansing properties – a factor sustaining the sales of fruit-infused water in upcoming years.

Citrus-Infused Water Leads the Pack Following Surplus Health Benefits

With tangy flavor, and abundant nutritional values, demand for citrus-infused water is likely to observe an uptick. Insufficient production of stomach acid leads to improper digestion of food, thereby resulting in inflammation. Infusing citrus fruits, such as lemons, into water eliminates the problem of improper digestion. Citrus-infused water aids in battling with kidney stones. The acids present in lemons support in avoiding calcium from turning into crystals.

A majority of individuals are not able to fulfil the daily requirement of water intake, increasing the risk of dehydration. Sipping on citrus-infused water is an ideal way to begin the day, while drinking throughout the day aids in keeping the consumers hydrated. Free radicals – a byproduct of usual metabolism – is connected to aging and chronic illnesses. Citrus-infused water, owing to the abundance of antioxidants, promote proper functioning of the body, and protect the cells from free radical damage occurring due to chemical, or pollution exposure.

Metal Cans Replace Plastic Bottles Amidst Stringent Government Regulations

Consumers prefer canned water and in the HoReCa (Hotels, Restaurants, and Cafes) sector, as well as while traveling. Carrying canned water proves to be a better choice for consumers instead of going for supplied water while enjoying a trip, resulting in increased demand and consumption of canned water. Combined with the health and wellness trend, canned water in fruit flavors is observing huge traction. 

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In addition, concerns regarding rising ecological degradation are promoting stringent environmental regulations, compelling manufacturers to substitute plastic with eco-friendly alternatives, including metals. As such, producers of fruit-infused water are turning to metal cans for packaging their offerings in a bid to achieve sustainability, and competitiveness.

Freeze and Thaw Systems Market is forecasted to reach ~ US$ 550 Bn by the end of 2029: PMR Research

Cryopreservation is a paramount organ of the manufacturing method following efficient storage and transportation of cell therapies, provided the cell sustainability is maintained. Biopharmaceutical and medical spaces encompass products lyophilized within highly articulated manufacturing, resulting in the rise of freeze and thaw systems for acquisition and conveyance. Despite being in a nascent stage, the demand for freeze and thaw systems is likely to snowball in the upcoming years, especially for products deprived of freeze-drying.

The biopharmaceutical space is supposed to react accordingly to the rapid demand-supply of materials, as well as keep intermediary states of materials for a certain time period between the procedure steps. As a consequence, a feasible technique of storing and transporting delicate items becomes par for the course, promoting the advancement and application of freeze and thaw systems. With regenerative medicine turning into reality in the past decade, cells are categorized under medicinal products, leading to the emergence of improved supervision over freezing and thawing technique.

Persistent Market Research, according to its new business intelligence study, suggests that the adoption of freeze and thaw systems clicked ~3650 units in 2018, equating to revenues worth US$ 253.5 Mn and the market is envisioned to progress at a promising CAGR of ~7% over the foreseeable period 2019-2029. The growing need for appropriate management of delicate and deterioration-materials at pharmaceutical & biotechnology firms, and academic & research settings guides the market of freeze and thaw systems to a steady growth trail.

Rising Chronic Disorders Alongwith Innovative Therapies Drives the Demand for Freeze and Thaw Systems in Academic & Research Institutes

Academic & research institutes are walking the extra mile to bring forth new innovations to cater to the increasing demand for advanced treatments, drugs, and medication. As such, the construction of clinical trial setups witnesses an uplift. In addition, freeze and thaw systems facilitate research and development, where the technique occurs with a minimum amount of product.

Surging health-related problems in tandem with the need to recognize solutions to confront and tackle various chronic illnesses are creating space for new-age drugs, and treatments. Consequently, the necessity for suitable and secured storage and transportation of cell-based entities, and hormonal drugs intensifies, encouraging the growth of freeze and thaw systems market in the further time period.

Biopharmaceutical Companies Embrace Disposable Freeze and Thaw Systems Following Greater Capacity and Effective Freeze and Thaw Capabilities

In recent years, disposable freeze and thaw systems have been garnering significant traction, particularly in the biopharmaceutical domains. Disposable freeze and thaw systems offer umpteen advantages, including capacity akin to a 100L bag-in-box vessel. The bags of disposable freeze and thaw systems are stuffed with starting materials of larger raw materials as compared to those comprising stainless steel.

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The presence of heat exchange plates provides fast-paced freezing of the disposable freeze and thaw system bags, offering optimum thermal transmission, and shielding of the bags. In addition, a temperature sensor, placed at the centerline of the vessel, allows monitoring the advancement of freezing in disposable freeze and thaw systems.

Uncertainty Regarding Seasonal Influenza and Varied Patient Response Boost the Manufacturing of Flu Vaccines

Onset of novel technologies is enabling healthcare professionals to prevent infectious diseases with early intervention rather than treat patients after getting infected. However, in the present landscape, myriads of diseases persist to impact the human health, despite decades of innovative ventures. The pitfall of prevention and cure of influenza virus remains a pain point in the healthcare bracket, including service providers, and drug companies. Detection of the nature of influenza outbreaks becomes paramount for healthcare providers, as well as patients to act promptly for influenza prevention.

Although vaccines have eliminated various infectious diseases, such as smallpox, polio, and measles, the flu vaccines remain an exception due to varied effectiveness – person to person, and time to time. Infants display good response to flu vaccines, while elderly with fragile immune systems are subject to complications post flu vaccination. In addition, consumers across the globe are bombarded with timely reminders to receive vaccination from flu every year.

As per the new business intelligence report by Persistence Market Research, the flu vaccines market value reached ~US$ 1.3 Bn in 2018 and is expected to grow at a CAGR of ~7% during the stipulated period 2019-2027. The progress is majorly driven by prominence of seasonal influenza among the demographic in low- and mid-income countries (LMIC). On the contrary, the uncertain nature of the seasonal flu tends to sustain the supply-demand gap. Further, strictly hygienic manufacturing processes of flu vaccines require a significant time period due to numerous formalities – purification, quality analysis, safety controls, and packaging and regulatory approvals.

Quadrivalent Flu Vaccines – A Curb for Both Types of Influenza Virus

While trivalent vaccines protect against two influenza A types and a single B lineage, the quadrivalent vaccines protect against all the four strains of influenza virus. As such, quadrivalent flu vaccines offers enhanced prevention sans apparent increase in undesirable reactions. Quadrivalent flu vaccines are highly suitable for infants and geriatrics younger than 65 years and have been regulatory approvals to include newly chosen flu strains.

Cell-based flu vaccines (QIVc) produce better influenza-related results versus standard egg-based vaccine (QIVe) options in seasons characterized by egg-adapted changes. QIVc proves to be more efficient against QIVe in preventing influenza-like infections in individuals aging four years and above. Further, cell-based flu vaccines has been issued marketing approval by the European Commission for vaccination of individuals aging nine years and above.

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Sales of Flu Vaccines High in North America following Surging Incidents of Influenza

According to healthcare officials, about 7 Mn Americans have been affected by a strain of flu virus. Almost half of the demographic consulted a doctor, while 70, 000 – 84, 000 individuals have been admitted into the hospitals for influenza related infections. Further, the peak flu season in the US is December through February. Influenza is ranked among the top ten leading causes of mortality in Canada, where the infection results in above 12, 000 hospitalizations, and about 3, 500 mortalities.

Government Support Crucial in Shaping Technical Textiles Market in Fast Developing Asian Countries

Momentous growth of construction industry is subsequently pushing demand for functional textiles. With sales of heat & fire resistant, protective & insulating, chemical & stain resistant, and highly durable fabrics climbing at a pace, technical textiles market is expected to witness healthy growth in the near future. In 2018, global technical textiles market recorded revenues worth US$ 174 Bn, as indicated by a recent report of Future Market Insights (FMI).

Growth of textiles industry has been phenomenal in developing countries such as BRIC, particularly India. This growth continues to efficiently cater to both export and domestic markets. Considering the support from government and investments by stakeholders in this sector, the technical textiles market in India should shape up rapidly in the near future.

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Key Takeaways – Technical Textiles Market Study

  • Technical textiles are rapidly emerging as a substitute for conventional fabrics, and non-fiber materials such as metals.
  • In developed regions such as Europe and North America, textile manufacturers have been shifting from the manufacture of commodity goods to technical products such as technical textiles.
  • Growing infrastructural development activities in developing countries worldwide, especially in BRIC countries, is expected to drive the demand for Buildtex – a technical textile that is more durable and effective as compared to conventional textile materials.
  • Indutech, driven by robust industrial production, would be a prominent application area of technical textiles.
  • Governments in various countries such as Germany and India have been supporting growth of the technical textiles industry through various initiatives such as providing taxation benefits on import of technology, and training assistance over operations and marketing.
  • As environmental sustainability has become a global concern, demand for technical textiles for applications such as erosion protection, waste treatment/recycling, and water treatment is likely to ascend in the near future.

Acquisitions to be on Priority

The highly fragmented competitive landscape of technical textiles market is operated by a large number of local and international brands. The report provides essential insights about prominent leaders in the global technical textiles market. Some key players in the market include Low and Boar PLC, Ahlstrom Corporation., E.I. du Pont de Nemours and Company, and 3M Company. Market leaders are directing their investments to strategic acquisitions and new launches. Milliken & Companyrecently acquired New York-based Springfield LLC, a manufacturer of technical, performance, and flame resistant (FR) fabrics for safety apparel, fire service, military, and occupational markets. They are further expected to focus on solidifying brand positioning in lucrative markets such as Asia Pacific, Eastern Europe, and North America. Product innovation continues to be a constant to stand out.

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For additional insights on the exhaustive analysis of a myriad push and pull factors likely to be shaping the global technical textiles market over the next few years, write to the analyst at press@futuremarketinsights.com

About Chemicals & Materials division of FMI 

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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 London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take 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 track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Dairy Alternatives Market Set for Robust Growth, Striking Sales Growth Projected for Shelf-stable Products: FMI

Predominantly driven by considerably high prevalence of lactose intolerance, dairy alternatives continue to witness healthy sales at a global level. Once a niche sector in food industry, dairy alternatives currently represent a US$ 16 Bn market and will possibly witness a strong CAGR during the period of projection, 2019 – 2029.

Key Takeaways – Dairy Alternatives Market Study

  • There is a wide variety of dairy alternatives manufactured from different sources such as soy, oats, almond, coconut, hemp, and flax. Dairy alternatives are offered in flavored and unflavored variants. This diverse range of options is expected to boost expansion of the market.
  • The consumption of unflavored or regular dairy alternatives is higher than that of the flavored variety. However, in the forecast period, the demand for flavored dairy alternatives is anticipated to increase.
  • Organic dairy alternatives are gaining traction, especially in developed countries. Organic food consumption is the highest in the U.S., followed by European Union which accounted for retail sales of 45.2 billion and 34.3 billion respectively, in the year 2017.
  • Shelf storage of dairy products poses as a big challenge for stakeholders due to fear of spoilage. Dairy alternatives manufacturers launched shelf-stable products with a higher shelf life, which made storage of dairy alternatives economical and easier. This is anticipated to boost sales.  
  • Among retail outlets, specialty stores account for the highest share in sales of dairy alternatives.

Despite a great deal of opposition from dairy manufacturers, dairy alternatives market is expected to double in the forecast years. Nutrition, taste, easy availability of dairy alternatives, and consumer-centric approach are expected to contribute to this significant growth.

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Millennials to Create Opportunity

The main consumers of dairy alternatives are millennials. Millennials show more concern towards animal welfare than any other generation as per consumer survey in 2018 by Comax Flavors, a flavor technology company for food and beverages. Additionally, as per the survey, health benefits are the main reason for which millennials consume dairy alternatives.

To retain and capture interest of millennials in an increasingly intense landscape, manufacturers are increasing their efforts in research and development. Almost all the companies in the dairy alternatives market, which are operating at a global level, are growing at exponential rates in terms of sale. Innovative ingredient and flavour combinations are responsible for the projected high growth rate of the dairy alternatives market.

The ongoing better-for-you and clean label trend is boosting market growth. Though the growth of dairy alternatives market is not expected to decline for the next 10-15 years, constant efforts in innovation and development of effective marketing strategies are a prerequisite for growth in future.

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Know More About Dairy Alternatives Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global dairy alternatives market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the dairy alternatives market based on the source (soy, almond, rice, coconut, oats, and others), product type (flavoured and unflavoured), nature (organic and conventional), and distribution channel (direct and indirect) across seven major regions.

For additional insights, write to the analyst at press@futuremarketinsights.com

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 all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed 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 FMI

Future Market Insights (FMI) is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace, with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure that our clients prepare for the evolving needs of their consumers.

Color Cosmetic Market to Reach ~US$ 92 Bn by 2029-End

In present scenario, the demand of the quality cosmetics products is increasing at a significant rate due to increasing number of working individuals across the globe. In the personal care market, product availability and retail shelf space plays a critical role in creating demand for the product. Increasing consumer demand for green products is resulting in manufacturers to shift from niche distribution channels to mainstream mass retailers. Moreover the trend of increasing product penetration in the color cosmetic market through e-commerce sales channel is a major factor driving color cosmetic market growth around the globe. Furthermore, the growth of the color cosmetics market is expected to be fueled in the forecast period, in terms of volume because of higher adoption of smartphones and also increasing penetration of the internet in various untapped markets across the globe.

This expected growth is attributed to easy availability of a wide range of products and ability of customers to compare prices of various products available in the market during an online search or through social networking platforms. On other hand the shift in the trend of consumer’s inclination to buy clean label personal care and cosmetic products. Is positively influencing the growth of the color cosmetics market. This shift in the trend is because of the increasing end-users awareness towards organic and natural cosmetics products. Consumers are increasingly opting for greener products owing to the presence of toxic ingredients in chemical or synthetic products. Growing trend of working women to spend more on their personal appearance is another major factor fueling revenue growth of the global color cosmetic market.

Overview of the Global Color Cosmetic Market

According to the recent study published by FMI projects that the global color cosmetic 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 Color Cosmetic 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 color cosmetic 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 Color Cosmetic 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 color cosmetic 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 color cosmetic 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 Color Cosmetic Market

The key players in the color cosmetics market are involved in technological developments and the development of new products in color cosmetics which have resulted in rising demand for customization and convenience. The key factors trending the global color cosmetic market are high demand for natural and organic cosmetic products, usage of multifunctional makeup, efficient distribution channels, high demand for high-end color cosmetic products especially in developed economies, increasing preference for environment friendly cosmetic products, and high innovation in color cosmetic products. On other hand, players in the color cosmetics market are involved in promotion and advertisement through various media including television, magazines, social media, etc. which is further expected to fuel the growth of the color cosmetic market players across the globe. With the help of imperative information about drivers, restraints, and trends in the global color cosmetic market, the market study published by FMI provides helpful information to manufacturers and distributors

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