Vegan Cheese Market Strategic Assessment and Forecast Till 2028

The global vegan cheese market size was valued at US$ 2,148.7 Mn in 2019. It is forecast to exhibit at a CAGR of 8.6% between 2019 and 2028. Rising disposable income of consumers, coupled with their willingness to spend on premium products, will aid the expansion of the market, finds Future Market Insights in a report, titled “Global Vegan Cheese Market Analysis and Forecast, 2019–2028.” The report examines the factors influencing the market from a global as well as regional perspective. It discovers hidden opportunities for the leading market players. In addition to this, the report identifies the chief growth drivers, restraints, and opportunities.

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Some of the key takeaways from the report are:

  • The expansion of plant-based food industry will support the growth of the vegan cheese market. With the demand for plant-based alternative rising, the market is likely to report impressive growth through the course of the forecast period.
  • In terms of distribution channel, the vegan cheese market is broadly categorized into direct and indirect sales channels. Of these, the indirect sales segment holds dominant vegan cheese market share.
  • Among indirect sales segments, convenience store is likely to emerge as the most attractive segment.
  • Among product types available in the market, the demand for mozzarella vegan cheese is expected to remain high owing to its versatility of use in different recipes.
  • On the basis of source, the almond milk segment is forecast to witness highest growth.

“Leading players are focusing on expanding their geographic presence, besides launching novel products to gain competitive advantage. In addition to these, several companies are offering cost-effective products to woo their consumers.”

Rising Incidence of Lactose Intolerance to Fuel Demand for Vegan Cheese

A considerably large section of population around the world is lactose intolerant. People with lactose intolerance can rarely enjoy delicacies prepared with milk or milk-derived ingredients. It is due to this that the demand for vegan cheese is on a rise. Vegan cheese is a plant-based dairy alternative, particularly suitable for those suffering from lactose intolerance. Against this backdrop, an increasing number of hotels, restaurants, and cafes have started introducing vegan cheese in their menu to attract consumers who prefer vegan diets and those who are lactose intolerant.

Increasing Disposable Income of Consumers Supports their Purchase Decision

In the last couple of years, consumers’ willingness to spend on exotic and humane plant-based diet has greatly increased. In addition to this, a stable increase in the demand for novel food alternatives is noticed. They are motivated by various advertisements and campaigns to obtain essential nutrients from plant-based alternatives, and this decision is supported to an extent by their increasing disposable income.

Who is winning

Despite witnessing impressive growth opportunities, lack of awareness is a key factor limiting the market’s expansion in developing and underdeveloped regions. As a result of this, conventional dairy products continue to remain popular in several potentially lucrative markets. This is a chief factor restraining the market’s expansion.

Nonetheless, the market players are likely to overcome this challenge as they invest in marketing strategies besides innovating healthier and more cost-effective vegan cheese. Also, concerns pertaining to animal welfare is expected to tip scale in favour of veganism, in turn bolstering growth opportunities for the vegan cheese market.

Some of the leading players operating in the vegan cheese market are Daiya Foods, Inc., Follow Your Heart, Go Veggie, Parmela Creamery, Kinda Co., Bute Island Foods Ltd., Vtopian Artisan Cheeses, Kite Hill, Miyoko’s Kitchen, Vermont Farmstead, and Good Planet Foods.

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Get Valuable Insights into Vegan Cheese Market

Future Market Insights, in its new report, presents an unbiased analysis of the global vegan cheese market, covering historical demand data and forecast figures for the period between 2019 and 2028. The study divulges compelling insights into growth witnessed in the market. In terms of product type, the market can be segmented into mozzarella, parmesan, cheddar, cream cheese, ricotta, and others. On the basis of form, it can be classified into shreds, blocks and wedges, and slices. Based on source, the overall vegan cheese market share can be categorized into almond milk, coconut milk, cashew milk, soy milk, and others. In addition to these, food processing, food service/ HoReCa, and household/ retail are the key end-use segments studied in the report. Furthermore, the report bifurcates the market into organic and conventional in terms of nature. On the basis of sales channel, the market covers direct sales, indirect sales, and online retailers. Regional, the global market encompasses North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and the Middle East and Africa.

 

Sodium Silicate Market expected at a CAGR of ~ 3% & US$ 5.6 Bn during the forecast period 2019–2029

Global sodium silicate market will grow gradually at 3% CAGR between 2019 and 2029. Sodium Silicate products will witness an uptake in sales on the back of eco-friendly properties of the compound. Market players are innovating end-use applications that cater to the need for viable alternatives of conventional adhesives, binders, and cleaning agents.

Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

Sustainable Manufacturing Trends Propel Sodium Silicate Market

Silica manufacturing from sodium silicate will lead sodium silicate market share on the back of multiplying demand for silica products such as quartz, and precipitated silica. Other application types considered for the sodium silicate market study are detergents, catalysts, pulp & paper, elastomers, food & healthcare, and others. Increments in disposable income of millennial consumers is increasing awareness and emphasis on cleanliness and hygiene.

Rising environmental concerns impel a manufacturing shift among paper and pulp manufacturers to adopt eco-friendly raw materials. Similarly, water treatment and soil stabilization applications employ sodium silicate as a cleaning agent and pH stabilizer. Collectively, these factors will bolster demand for sodium silicate during the forecast.

sodium silicate market value share in key countries

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Key Takeaway of Sodium Silicate Market Study

  • Sodium Silicate market is valued at US$ 5.6 Bn in 2018 growing at a lackluster CAGR during the forecast period.
  • Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
  • Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.
sodium silicate market share analysis by region pr

Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

Sodium Silicate Market: Segmentation

The global sodium silicate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Application

  • Silica Manufacturing
  • Detergents
  • Catalysts
  • Pulp & paper
  • Elastomers
  • Food & healthcare
  • Others (coating, agriculture, etc.)

By Region

  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific

Pet Insurance Market expected at a CAGR of ~ 8.5% & US$ 15 Bn during the forecast period 2019–2029

The global pet insurance market size is expected to reach ~US$ 15 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~8.5% between 2019 and 2029. According to the report, the rising number of pet ownership, increase in awareness about pet insurance and associated health benefits of pet ownership will stoke growth in the market. 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 pet insurance market. Some of these are:

  • The estimated value of the market was at ~US$ 4 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the pet insurance market globally.
  • Latin America emerges as one of key markets owing to high pet ownership in the region.
  • Dogs and Cats segment hold the highest value share in pet insurance market.
  • ‘Accident & illness’ coverage option comes out as the most preferred type of pet insurance among pet owners
  • Key players are likely to focus on new service offerings to stay relevant in developed markets.
global pet insurance market regional analysis

Growth in Pet ownership and Selling Techniques of Companies to Create Opportunity for Expansion

Rise in number of companion animals, increase in awareness about pet insurance, growth in pet ownership propels the growth of the pet insurance market. The Pet health insurers offer different plan options or tiers with varying policy limits which also attracts pet owners towards pet insurance. However, high cost of pet insurance policies, lack of awareness among consumers, and government regulation limits the growth of the market. Marketing strategies adopted the insurance companies include online marketing, veterinary clinics, pet stores, shelters and animal support and rescue organizations or word of mouth referrals which also fuel the pet insurance market for further growth. Furthermore, largely untapped market with extremely low penetration rates is expected to provide numerous opportunities for the pet insurance market.

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Accident & Illness Policy Coverage Fuels Demand for Pet Insurance

Pet insurance which is becoming a norm of most of the developed countries. Pet insurance market is gaining traction by the accident & illness insurance policy as it provides both accident and illness coverage. Rapidly increasing consumer’s awareness on pet’s diseases, rising veterinary costs and marketing efforts of industry operators have caused consumer acceptance in the pet insurance market.

Who is Winning?

Some of the leading players operating in the pet insurance market are Figo Pet Insurance LLC., Embrace Pet Insurance Agency LLC, Hartville Group, Health for Pet, Hollard, Oneplan, Petfirst Healthcare LLC, Protectaplan, Petplan Limited, Trupanion, Inc., Nationwide Mutual Insurance Company., Anicom Holdings Inc, Pethealth Inc., Royal & Sun Alliance Insurance Company of Canada, Inc., Direct Line Insurance Group plc, Petsecure, Healthy Paws, 24PetWatch etc. As a result of increasing competition, companies are focusing on expanding their product portfolio. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • In March 2019, CareCredit, LLC, a healthcare financing company of Synchrony Financial, had acquired a Idaho based pet insurance company Pets Bestto to expand its current product/service offering
  • In Dec 2019, MetLife Inc. had acquired Jeffersonville-based company PetFirst to enter into pet insurance market

Market Segmentation

The global pet insurance market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Policy Type

  • Accident
  • Accident & Illness

End User

  • Dog
  • Cat
  • Horse
  • Exotic Pets
  • Others

Region

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

Ready to Drink Shake Market expected at a CAGR of ~ 6% & US$ 9 Bn during the forecast period 2019–2028

The estimated revenue generated from the global ready-to-drink shakes market is US$ 9 Bn in 2019, and is projected to reach US$ 16 Bn by 2028. The market is therefore projected to rise at a CAGR of ~6% between 2020 and 2028.

Globally, functional drinks are sought after for their high protein content and their demand is likely to rise steadily over the forecast period. A key factor resulting in increasing consumption of functional drinks is the increase in the consumer spending power, especially in developing nations. Ready-to-drink shakes which constitute a category of functional drinks are available in various flavours for retail sales in the global market. Some of these flavours are chocolate, banana, strawberry, among others. The global market of ready-to-drink shakes is analyzed on the basis of various flavours. These products are available for sale in different packaging forms, like bottles, tetra packs/cartons, and cans, which offers heightened convenience. Ready-to-drink shakes are meeting the current health and wellness demand in such a way that the drinks offer high protein amount with added specialty health ingredients.

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Key Takeaways from the Ready to Drink Shake Market Study

  • Obesity is one of the strong issues faced by countries such as the U.S., Canada, Australia, U.K., etc. Ready-to-drink shakes are consumed as a meal replacement to achieve the weight management by restricting the calorie intake.
  • Due to the increased prevalence of the diseases and subsequently rising trend of health and wellness, ready-to-drink shakes market is expected to witness positive growth over the forecast period.
  • Ready-to-drink shakes are being increasingly opted by fitness enthusiasts and athletes, since it allows avoiding the hassle of the mixing of protein powder in the liquid of choice and also the wait.
  • Although, ready-to-drink shakes promise excellent results for gym goers and fitness enthusiasts, the product is still in the introductory phase in developing economies and economies are in transition stage. Therefore, because of the premium nature of the product and its expensive price, the market penetration may get hindered in emerging countries.

Ready to Drink Shake Market

Easy Availability and Increasing Penetration of Manufacturers and Sellers of Ready-to-Drink Shakes to Positively Impact Growth

Due to the increase in the preference for e-commerce platforms for transaction and shopping, the market reach out of the ready-to-drink shakes is anticipated to increase in the developed and developing economies. The boom in the IT sector has led to the development of the various new and easy ways of the transactions and shopping across various domains. The food and beverage industry is also driven by the increased use of the e-commerce platforms, since consumers have top priority for convenience and ease of doing business. Likewise, e-commerce platforms have enthralled the potential buyers of ready-to-drink shakes due to the easy and increased availability of the products, even in remote areas. Ready-to-drink shakes sales across e-commerce platforms are anticipated to rise over the forecast period and likely to be one of the drivers of the market growth.

Who is winning?

Some of the key players operating in the Ready to Drink Shake market are Nestlé S.A, Starbucks Corporation, PepsiCo Inc., Monster beverage Co., Lotte Chilsung Beverage Co., The Coca-Cola Company, The J.M Smucker Company, Bolthouse Farms, Inc., Arla Foods amba, Atkin Nutritionals Inc. and others.

  • In 2017, Nestlé acquired an Oakland-based coffee roaster and retailer, ‘Blue Bottle Coffee, Inc.’, to expand its market in the region.
  • In 2017, Nestlé expanded its ready to drink product range in Asia Pacific, majorly in India, Thailand, and Nigeria, by offering healthy on the go beverages for younger people, which included sugar reduced Nesquik and Milo Activ Go.

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READY TO DRINK SHAKE MARKET TAXONOMY

The global ready to drink shake market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

  • Organic
  • Conventional

Packaging Type

  • Bottles
  • Tetra Packs/ Carton
  • Cans

Flavour

  • Chocolate
  • Banana
  • Strawberry
  • Vanilla
  • Others

Distribution Channel

  • Supermarket/Hypermarket
  • Online Retail
  • Specialty Stores
  • Convenience Stores
  • Other Retail Formats

Region

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East & Africa

Service Lifecycle Management Application Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2030

A new informative report titled as “2020 Analysis and Review of Service Lifecycle Management Application Market by Software Type – Cloud-based Software and Web-based Software for 2020 – 2030” provides estimations of the size of the market and share and size of key regional markets during the historical period of 2015 to 2020. The study provides projections of the opportunities and shares, both vis-à-vis value and volume (n units), of various segments in the Service Lifecycle Management Application market during the forecast period of 2021 to 2027. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, top key companies Ricoh Co. Ltd., Fuji Xerox Co., Ltd., Iron Mountain Incorporated, Max BPO, Symcor, Hewlett-Packard Co., Lexmark International Inc., Invensis Technologies Pvt. Ltd., Suma Soft Private Limited, Nimble Information Strategies Inc. and others and the competitive landscape of the Service Lifecycle Management Application market.

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The global service lifecycle management application market is anticipated to register a CAGR of 7.8% during the forecast period. The global service lifecycle management application market is estimated to be valued at US$ 1288.9 Mn by 2016 end and is expected to reach US$ 2730.8 Mn by 2026, projecting a CAGR of 7.8% between 2016 and 2026.

Impact of COVID-19 on Service Lifecycle Management Application Industry: The COVID-19 pandemic has brought to light some valuable experiences for businesses. Working remotely, through cloud-based platforms, has been an essential aspect of the pandemic to ensure business continuity. This is projected to result in soaring demand for cloud-based software in the global service lifestyle management application market.

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Market Segmented are as Follows:

By Service Based Model

  • Field Based Model
  • Depot Based Model
  • Dealer Based Model
  • Performance Based Model

By Solutions

  • Field Based Model
  • Depot Based Model
  • Dealer Based Model
  • Performance Based Model

By End-use Industry

  • Automotive & Transportation
  • Aerospace & Defense
  • Medical Equipment
  • High Technology
  • Telecommunications
  •  Industrial Machinery & Equipment

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2021-2030) of the following regions:

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

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Executive Education Program Market expected at a CAGR of ~ 11.2% & US$ 37.8 Bn during the forecast period 2021–2031

As per a detailed study by FMI, the global executive education program market is expected to surpass US$ 37.8 billion in 2021. Surging demand for professional courses and in-personal programs to up skill professionals is favoring the sales. On account of this, the market is expected to total US$ 109.6 billion by 2031, expanding at an impressive CAGR of 11.2% over the forecast period 2021-2031.

Rapid expansion of the corporate sector has resulted in intense competition among employees. This has bolstered the demand for executive education programs for acquiring new skillsets to tackle the dynamic challenges and keep up with dynamic changes in their respective fields. Driven by this, the sales of the executive education program are anticipated to register a year-on-year growth of 10% in 2021.

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The corporate sector and schools are increasingly focusing on offering flexible and online executive learning programs to capitalize on the rapidly changing working environment. For instance, The Wharton School offers over 45 live online courses, programs, and asynchronous certifications for immediate business impact. A multiplicity of such developments are anticipated to propel the demand for executive education programs at 4% between 2020 and 2021.

As per FMI, online learning is projected to emerge as the most preferred mode of learning, exhibiting sales growth at a staggering CAGR of 13.7% through 2031. Increasing adoption of online courses by employees and managers owing to its convenience is an attribute favoring the segment growth.

projected bps change in market share for key segments in global executive education program market 2021 2031

Key Takeaways from Executive Education Program Market Study

  • The U.S., home to some of the best and leading business schools, is estimated to account for more than 76.4% of the market share in North America through 2031.
  • The U.K. is projected to emerge as one of the leading markets in Europe, accounting for over 26.2% of the total sales in the region by 2031 end.
  • Australia is anticipated to dominate the Oceania market, accounting for more than 52% of the overall regional revenue share in 2021.
  • 1-week to 1-month duration courses is expected to remain highly sought-after, holding nearly 46.3% of the global demand through 2021.
  • On the basis of course type, finance & accounting courses are forecast to hold a notable revenue share, accounting for over 32.8% of sales in 2021.

Key Drivers

  • Increasing adoption of cutting-edge technology and rising penetration of e-commerce across numerous domains are compelling employees in the corporate and banking sector to upgrade their skills, which is in turn, driving the market.
  • Rising adoption of smartphones, growing internet penetration, integration of novel technologies in teaching patterns, and accessibility to global content are collectively facilitating the growth of the online learning segment.

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Key Restraints

  • Lack of self-motivation and unavailability of time amongst managers and senior-level executives are hampering the market growth.
  • High cost of individual and private courses is hindering the sales of executive education programs across individual and private learner segments.

Competitive Landscape

As per FMI, The Harvard Business School, Columbia University, MIT Sloan School of Management, Stanford Graduate School of Business, are leading companies in the executive education program market and are expected to cumulatively account for nearly 51.0 % of the global value share.

Key players are aiming at adopting strategies such as new product launch, strategic collaborations, agreements, and partnerships with other companies to expand their product portfolio for addressing the demand of an expanding pool of consumers. For instance,

  • In 2019, Stephen M. Ross School of Management, an educational institute based in the U.S., offers Executive MBA Program in two locations: Los Angeles and Ann Arbor. The institute received 5th ranked for its executive education by Financial Times in 2019.
  • In 2020, Harvard Business School announced introducing online programming, including both modules – short duration programs, such as Leading Difference for High Performance, and longer topic-focused programs, such as the General Management Program.

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Some of the key players operating in the market profiled by FMI are:

  • Harvard Business School
  • Columbia University
  • MIT Sloan School of Management
  • Stanford Graduate School of Business
  • Baruch College
  • Wharton School of Business
  • UCLA Anderson School of Business
  • Kellogg School of Management
  • Stephen M. Ross School of Management
  • The University of Chicago Booth School of Business
  • The University of Texas at Austin
  • Cornell SC Johnson
  • Rotman School of Management
  • Ted Rogers
  • UBC Sauder School of Business
  • Durham University – Business School

More Valuable Insights on Executive Education Program Market

FMI, in its new report, offers an unbiased analysis of the global executive education program market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in executive education program market with detailed segmentation:

By Program Type:

  • Customized Programs
  • Pre-designed Programs

By Leadership Level:

  • Business-Owners
  • Junior/ Entry-level Employees
  • Managers
  • Mid-level Employees
  • Senior Executives

By Type of Learner:

  • Group/ Small Team Learners
  • Individual/ Private Learners

By Mode of Learning:

  • In-Person Learning
  • Online Learning

By Duration:

  • Less than 1 Week
  • 1 Week to 1 Month
  • More than 1 Month

By Type of Courses:

  • Management & Leadership
  • Finance & Accounting
  • Strategic Leadership & Innovation
  • Marketing & Sales
  • Business Operations & Entrepreneurship
  • Others

By Industry Type:

  • Consumer Products & Retail
  • Energy & Transportation
  • Financial Services
  • Healthcare & Pharmaceuticals
  • Manufacturing & Industrials
  • Others
  • Professional Services
  • Technology & Communications

By Region:

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

Technical Textiles Market expected to reach US$ 183 Bn & ~ 4.60% CAGR through 2021-2031

Global technical textile demand continues to touch historic lows, but technical textiles are showing resilience, raising hopes of a quick recovery in 2021. An updated edition of the study by Future Market Insights (FMI) which also tracks the COVID-19 impact on the market offer insights on how demand will evolve during 2020-2030. Technical textiles have been among the rapid growth areas of the textile industry that are commonplace, from gym gear and sportswear to car seats and airbags. The global market for technical textiles, in particular, is receiving huge impetus from the unprecedented rise in demand for functional fabric for monitoring safety and operations in the industrial sector.

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The textiles industry is highly diversified, satiating a broad range of domains ranging from conventional handloom products to wool, cotton, and silk products and containing products that stretch through natural and artificial fiber, apparel, and yarn.

Technical textiles are poised to play a vital role in transforming the textile industry, owing to their diverse applications across several end-use sectors including, infrastructure, construction, automobile, aviation, healthcare, and defense.

Technical Textiles Market Size Study

  • Market to grow at healthy CAGR through 2030
  • Mobiltech accounts for leading revenue share
  • Governments in various regions to provide taxation incentives on import of technology, and training assistance over marketing and operations
  • Rising sustainable concerns to fuel demand for technical textiles in water treatment, and erosion protection in coming years
  • North America and Europe to offer lucrative growth prospects, given strong adoption of advanced technologies

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COVID-19 Impact on Technical Textiles Market

While the technical textiles market has been facing the rippling effects of the COVID-19 pandemic, the market growth is stimulated by the need to help deliver personal protective equipment (PPE) as various hard-hit countries are confronting an acute shortage of disposable PPE for front-line medical workers.

As the battle against the OCIVD-19 crisis persists, demand for necessary face coverings continues to soar. The opportunity to create an impact in the battle against the public-health crisis and to help in improving the safety of communities has offered a new meaning to businesses, and operations in the technical textiles market.

Case in point, Berry Global Group Inc. is delivering prominent healthcare and consumer brand firms across the world to manufacture products on a large scale to tackle the contagion of COVID-19.

In the US, the company has scaled up its capacity to provide maximum output on the ground of rising demand for healthcare products such as materials for face masks and hard surface disinfectant wipes.

Moreover, in Europe, the company is operating its meltblown lines round the clock to develop materials for face masks and other healthcare purposes including, materials leveraged in blood filtration.

Technical Textiles Market – Competition Intelligence

In a bid to maintain their competitiveness in the global landscape, leading manufacturers are entering into acquisitions of their peers.

  • Vitruvian Group has acquired Ahlstrom-Munksjö’s fiber-optic reinforcement business. This acquisition is likely to boost the company’s product portfolio
  • Freudenberg & Co. KG has taken over 100% shares of Low & Bonar PLC. With the latter’s innovative technology, the company is slated to further extend its technological expertise
  • In addition, Freudenberg & Co. KG has acquired 100% shares of Filc, which develops laminated materials and needle punch nonwoven textiles with a focus on the construction and automotive industries

Key Questions Answered in the Report

  • What is technical textiles’ market size?Driven by increasing demand for advanced and safe material, the technical textiles market size is forecast to reach US$ 183 Nn in 2021 with a CAGR of 4.6%.
  • At what rate did the technical textiles market expand in the last five years?Between 2016 and 2020, the technical textiles sales grew at 2.50% CAGR.
  • What are the key trends shaping the technical textiles market?Strategic mergers and acquisitions between market players to enter new markets and expansion of production facilities to cater to the rising demand are a few of the key trends shaping the technical textiles market.
  • Who are the key exporters of technical textiles across the globe?USA, China, and India are the leading exporters of technical textiles in the world.
  • What is the North American technical textiles market outlook?Demand registered in North America will continue rising, backed by increasing production and export of technical textiles from the U.S. and Canada, the North American market is anticipated to expand at 2.60% CAGR during the forecast period.
  • Who are the leading companies in the technical textiles market?Freudenberg & Co. KG, Milliken and Company, Arville, DuPont, and 3M are the top companies operating in the market.
  • What is the cumulative share of top companies in the technical textiles market?The cumulative market shares of top players operating in the technical textiles market are around 20% to 30% in 2021.

To Know More About Technical Textiles Market:

A new market research report published by Future Market Insights (FMI) on the global technical textiles market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the technical textiles market through three different segments – application, process type, and region. The technical textiles market report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of technical textiles and product adoption across several end-use industries.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analyses about the chemicals & materials industry. Coverage of the chemicals and materials 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’.

Fabric Softener Market 2018 Development Status, Competition Analysis, Type and Application 2028

Fabric Softener Market Outlook:

The global laundry products market is growing at a swift rate owing to the innovation of new products and rising awareness about the availability of these products. A wide variety of fabric care products are available in the market, which includes detergents, fabric softeners or enhancers, stain removers, bleach, and other fabric additives. Fabric softener is a popular household cleaning product that is used for the softening of clothes making them easier to iron by reducing wrinkles in your garments. Along with the basic functionality, the fabric softener also helps in reducing wear and tear of your garments, providing a refreshing fragrance, reducing the risk of germ build-up, shape retention etc. which aids in fuelling the demand fabric softener in the market. The fabric softener market is largely affected by factors such as increased purchasing power, convenience in usage, aggressive advertising by MNC companies and the increasing market penetration of washing machines and is expected to contribute to the growth in demand for fabric softener in the market. The introduction of eco-friendly products in the fabric softener market is anticipated to complement the growth of fabric softeners in the market. The market players of the fabric softener market are indulged in the introduction of innovative packaging style to attract large number of consumers leading to a hike in demand for fabric softeners in the market.

Increasing penetration of washing machines and rise in demand for multifunctional products is driving the Fabric softener:

The fabric softener market is governed by factors such as rising penetration of washing machines, innovation in packaging, the rising purchasing power of the consumer, developing FMCG industry etc. The rise in demand for multifunctional products which solve multiple purposes aids to rapid growth in demand for fabric softeners in the market. The versatile nature of fabric softener enables it to perform different operations at the same time such as prevention from damage to the color of the fabric, fast drying of clothes, anti-static behavior etc. contributes to the swift growth in demand for fabric softeners in the market. Over the past few years, the demand for environmentally friendly fabric softeners have become popular at a rapid rate owing to rise in awareness, coupled with an increase in environmental issues arising from petroleum-based products, encouraging the consumers to opt for eco-friendly fabric softeners which has led the supply side participants of the fabric softener market to develop eco-friendly fabric softeners. Over the years, consumer behavior has changed drastically and the consumers are more inclined towards searching about products over online platforms as well as purchasing products, such as fabric softeners and laundry care products, through e-commerce which has boosted the demand for fabric softeners in the market.

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Fabric Softener Market: Market Participants:

The key market participants identified across the value chain of the Fabric Softener market are Procter & Gamble, The Clorox Company, S. C. Johnson & Son., Reckitt Benckiser Group plc, Godrej Consumer Products Limited, Henkel AG & Co. KGaA, , The Unilever Group, Norfil Inc., Colgate-Palmolive Company and, Church & Dwight Co. are among others.

Opportunities for Fabric Softener Market participants:

Globally, the fabric softener market is rising at a swift rate owing to various reasons such as rising m-commerce, expanding digital marketing, rising concerns among the consumers regarding health and hygiene etc. The rising availability and penetration of washing machines coupled with an increase in purchasing power of consumers has been a major contributing factor for the growth in demand for fabric softener in the market. Increasing adoption of e-commerce for selling consumer products in the global fabric softener market has led to a surge in the growth of B2C businesses in the FMCG sector. Sensing lucrative growth opportunities in the fabric softener market new markets entrants are expected to enter this competitive landscape.

The Fabric Softener market on the basis of region has been segmented as:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Japan
  • APEJ
  • The Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, nature, product type, end-use & sales channel

The study is a source of reliable data on:

  • Fabric Softener Market segments and sub-segments
  • Fabric Softener Market trends and dynamics
  • Supply and demand
  • Fabric Softener Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Fabric Softener Market: Market Segmentation

On the basis of Nature, the Fabric Softener market has been segmented as:

  • Organic
  • Conventional

On the basis of Product Type, the Fabric Softener market has been segmented as:

  • Liquid
  • Sheets
  • Sprays
  • Tablets
  • Dryer Bars

On the basis of End Use, the Fabric Softener market has been segmented as:

  • Laundry Services
  • Textile Industry
  • Household
  • Hospitality Industry
  • Others

On the basis of Sales Channel, the Fabric Softener market has been segmented as:

  • Independent Retailers
  • Hypermarkets
  • Multi Brand Stores
  • Supermarkets
  • Specialty Retail Stores
  • Online Sales
  • Company Website
  • 3rd Party Online Sales

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in Fabric Softener market dynamics
  • Fabric Softener Market segmentation up to the second or third level
  • Historical, current, and projected size of the Fabric Softener market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Fabric Softener Market shares and strategies of key players
  • Emerging niche segments and regional Fabric Softener markets
  • An objective assessment of the trajectory of the Fabric Softener market
  • Recommendations to companies for strengthening their foothold in the Fabric Softener market

Cargo Bike Market expected to reach US$ 900 Mn & ~ 11.6% CAGR through 2021-2031

With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According to a recent report by Future Market Insights (FMI), the global cargo bike market is projected to expand at CAGR of around 11.6% over the forecast period 2021-2031.

Sustainable urban logistics development is becoming increasingly vital to keep up with quality-of-life parameters in urban centres, while solving two major problems—congestion and poor air quality. These factors are critical to sales of cargo bikes.

The usage of cargo bikes as a mode of transportation for urban freight flows has a favourable impact on these issues, compelling manufacturers to invest more in the manufacturing sector, thereby fuelling the demand for cargo bikes in the long term.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated cargo bikes. Moreover, the need for sustainable urban mobility and modern transportation is driving the transition from conventional fuel bikes to paddle assisted and battery assisted cargo bike for mode of transport.

FMI projects demand among courier and parcel services providers to rise at 11.8% over the assessment period. Focus on curbing carbon footprint by the industry will remain a chief growth driver. Cargo bikes are anticipated to have a positive influence on energy security and air quality.

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Cargo Bike Market Outlook 2016-2020 Compared to 2021-2031 Forecast

Driven by growing demand from courier and parcel service providers and personal transportation businesses, the cargo bikes market registered 9.8% CAGR during 2016-2020.

global cargo bike market key regions and products type mekko chart, 2021

Over the last few years, governments, primarily in developed countries, have increased their efforts to address a variety of transportation-related concerns and their environmental impact. Various groups are encouraging the use of cargo bikes as an environmentally beneficial urban logistics transportation option.

As city roads continue to face increasing levels of congestion, cargo bikes have emerged as an efficient and convenient mode of transportation for logistics firms. According to the Future Market Insights analysis, the market will expand at 11.6% CAGR between 2021 and 2031.

Key Takeaways from Cargo Bike Market Study

  • Three wheeled cargo bikes are anticipated to account for 423 Mn by the end of 2021, owing to courier delivery, personal transport, and warehouse transport applications.
  • US$ 3,501-6,000 price range segment sales accounted for US$ 414 Mn supported by availability of electric and conventional cargo bikes.
  • Germany leads the Europe market with a US$ 253.8 Mn sales figure in 2021 because of ease availability of raw material and government incentives.
  • The U.S. will hold around 92% of the North America market through 2031, supported by the presence of major logistics players in the country.
  • In 2021, the Brazil cargo bike market will rise at steady 6.1% CAGR, with investments into low cost logistics gaining ground in the country.

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Competitive Landscape

The global cargo bike market is highly competitive at regional, country, as well as global level, and highly fragmented in nature. Top companies operating in the market contribute notably to revenue generation. With compliance to governmental standards and regulations, these companies have a global brand presence.

Some of the key players included in the report are Accell Group N.V. (Carqon), Jinhua Jobo Technology Co., Ltd., BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Mobility Holdings, Ltd. (Tern Bicycles), Riese & Müller GmbH, Urban Arrow, Worksman Cycles, Yuba Electric Cargo Bikes, Rad Power Bikes Inc., and others.

Cargo Bike Market by Category

By Product Type:

  • Two Wheeled
  • Three Wheeled
  • Four Wheeled

By Propulsion:

  • Conventional
  • Electric

By Price:

  • Below US$ 1,500
  • US$ 1,500-3,500
  • US$ 3,501-6000
  • Above US$ 6,000

By Wheel Size:

  • Below 20″
  • 20″-24″
  • 26″
  • 27.5″
  • Others

By End Use:

  • Courier & Parcel Service Provider
  • Large Retail Supplier
  • Personal Transportation
  • Service Delivery
  • Waste, Municipal Services

By Region:

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

Gypsum Market expected at a CAGR of ~ 6.2% & US$ 4 Bn during the forecast period 2021–2031

The global gypsum market is estimated to expand at 6.2% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Domestic consumers of gypsum are expected to remain dominant end users. This can be attributed to expansion of key end-use industries such as the construction sector, especially in emerging economies.

Gypsum is a vital construction material and is used widely in Portland cement, building plaster, and several other construction products. The construction industry is a primary end user in the gypsum market and growth of the construction industry has a direct impact on the growth of the gypsum market.

In the construction industry, gypsum is used for several applications such as in the production of cement, plaster, drywall manufacturing, and others. Growth in construction industry is expected to elevate the consumption of gypsum over the forecast period.

Outbreak of novel corona virus has obstructed the global economy at various levels. With the consecutive waves of COVID-19 pandemic and stricter governmental regulations imposed to stop its further spread economy graph witnessed negative slope. Demand for gypsum was also impacted heavily by COVID-19 outbreak owing to disturbance in supply chain network and complete halt on production and construction activities.

2021-2031 Gypsum Market Outlook Compared to Growth Registered in 2016-2020

Demand for gypsum grew at 3.1% CAGR between 2016 and 2020. The outbreak of COVID-19 was unprecedented and it tightened its noose globally, faster than expected. Governments were therefore compelled to put COVID-19 response on war footing, which obstructed transport and human interaction.

Operations across various industries came to a standstill, which also hampered sales within the global gypsum market to a substantial extent. This is due to limitations in the movement and nationwide lockdowns, which hindered operations in the construction sector across several regions. This has in turn caused the demand for gypsum to plummet in 2020.

In the current scenario, consumption of gypsum is anticipated to grow at a CAGR of 5.8%. Expansion of the construction sector as operations recover post withdrawal of pandemic-induced restrictions is boosting the demand of gypsum, especially in India, China and GCC countries.

Gypsum is a versatile mineral owing to its wide range of applications. Superior property of calcium sulfate di-hydrate makes it useful for many applications. This also creates demand for gypsum in various forms including food additive, which is in making bread and dough, fire retardant in plastic products, source of calcium and sulfate to promote plant growth, and manufacturing of cements, mold materials and others. Such a wide range of applications provide stability to the demand graph of gypsum.

gypsum market

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Key Takeaways:

  • Global gypsum market is expected to reach a value over US$ 7 Bn by the end of the forecast period growing at a CAGR of 6.2% through 2031.
  • The cement industry is key consumer of gypsum owing to the increasing use of gypsum in the production of cement.
  • East Asia is expected remain dominant both in terms of production and consumption of gypsum owing to strong presence of end users in the region.
  • Rising disposable income of population is expected to elevate spending on interior decoration activities across the globe, which in turn is anticipated to be key factor bolstering the sales of gypsum in Interior decoration industry
  • China is the dominant producer of crude gypsum followed by the United States and other countries.
  • India exhibits huge growth potential in the gypsum market owing to rising government initiatives adopted to encourage infrastructure development, which are subsequently driving cement production.

Competitive Landscape

Key participants in the global gypsum market elaborated in the report includes Azko Nobel, Sherwin Williams Company, Asian Paints Ltd., Nippon Paints, Valspar Corporation, Jotun, BASF-SE, RPM International Inc., KANSAI Paints Co., Ltd. and Berger Paints.

Manufacturers involved in the production of gypsum are laying emphasis on expansion by establishing new plants that will help them to increase their production capacities and gain access to new distribution networks, which is expected to increase their customer base.

Moreover, several manufacturers are engaged in strengthening their product portfolio by strategic acquisition and mergers to attract maximum consumer base.

  • In line with this, in March 2020, Knauf AG announced plans for a second gypsum wallboard production line in Bukhara, Bukhara region. The plans also include an investment of US$ 2.4 Mn in an additional gypsum mixture line at its Bukharagips plant.
  • In August 2021, the company announced acquisition of Southwest Rock Products. This acquisition helps company to develop its construction product portfolio

Gypsum Market by Category

By Product Type:

  • Natural
  • Synthetic

By End Use:

  • Cement
  • Drywalls
  • Plaster
  • Soil Amendment
  • Gypsum Blocks
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asdia & Pacific
  • Midle East & Africa