Artificial Sweeteners Market Worth $2.8 Billion by 2032 – Exclusive Report by FMI

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the artificial sweetener market is expected to grow at a CAGR of 3% during the forecasted period 2022-2032 and is estimated to reach a market size of USD 2.8 Billion.

Due to the easy access to nearly infinite information, consumers are becoming more aware of their nutritional needs. As a result, consumers are more aware of the importance of making more healthy food and beverage choices. They are increasingly demanding more healthy, lower-calorie foods and beverages as their health concerns grow.

As people’s health conditions deteriorate, there is an increased demand for low-calorie food and beverage products to assist them in maintaining a healthy diet. Most health-conscious consumers prefer sugar substitutes because they contain fewer calories than regular sugar. Sugar substitute consumption contributes to the health benefits enjoyed by health-conscious consumers.

Sugar substitutes can help you lose weight and manage your diabetes. Because artificial sweeteners do not contain carbohydrates, they do not raise blood sugar levels. Sugar substitutes have almost no calories, whereas a teaspoon of sugar has about 16 calories. Stevia is a sugar substitute that is hundreds of times sweeter than sugar and has almost no calories.

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Key Takeaways from Market Study

  • Russia contributes around 20% to the European Artificial Sweetener market. The market in the country is mainly driven by the consumption of bakery and alcoholic beverages.
  • New tax regime introduced by the Government of the United Kingdom to reduce consumption of sugar-based products has increased the demand for artificial sweeteners.
  • In China the artificial sweetener market is expected to grow at a CAGR of 3.5%.
  • Rise in cases of diabetes in India increases the demand for artificial sweetener market and this demand is expected to grow in the forecasted year.
  • Artificial sweetener market in Australia is expanding at a faster rate and it mainly includes the beverage segment.

“The use of artificial sweeteners in processed foods such as candies, powdered drink mixes, jams and jellies, dairy products, baked goods, and other similar food and beverages to preserve flavor while making them healthier will drive the market growth,” says a Future Market Insights analyst.

Competitive Landscape

The global market for artificial sweeteners is fragmented, with numerous large and small regional players. Leading market players are focusing their efforts on developing innovative products and implementing strategies such as acquisitions and mergers to strengthen their position in the global market.

  • Roquette, BRAIN AG, and AnalytiCon Discovery announced in January 2021 that the R&D phase for the development of Brazzein, a protein sweetener naturally found in African berries Pentadiplandra brazzeana Baillon, had been completed successfully.
  • This high-intensity sweetener has a high sweetening potency while maintaining a sugar-free functionality and pleasant taste profile. Roquette and BRAIN will now move forward with the approval and industrial scale-up of the protein sweetener in the food and beverage sector as part of their newly agreed Joint Development Agreement (JDA). A contractual agreement for its approval and production has been signed by the partners.

Some prominent artificial sweetener manufacturers are utilizing advanced technologies to provide safe, affordable, and efficient artificial sweeteners. Whole Earth Sweetener, Ach Food, Madhava Sweeteners, Cargill Inc., Beijing Vitasweet Co. Ltd., Ajinomoto Co. Inc., Tate & Lyle PLC, McNeil Nutritionals are the market’s major players.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global artificial sweetener market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product :

  • Aspartame
  • Acesulfame k
  • Saccharin
  • Sucralose
  • Neotame

By End User :

  • Food and Beverages
  • Pharmaceuticals
  • Direct Sales
  • Other End Users

By Application :

  • Bakery Goods
  • Sweet Spreads
  • Confectionery and Chewing Gums
  • Beverages
  • Dairy Products
  • Other Applications

Region :

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

Airboats Market Competitor Analysis, Winning Strategies and Growth Drivers 2029

The Airboats are the type of watercrafts which are set in motion using a propeller installed behind the boat. This propellers are operated using either an aircraft engine or an automotive engine. These airboats are now used for end use sectors such as fishing, tourism, rescue operations, for defense and security, etc.

The airboats provide a decent speed on the water and are easy to maneuver due to their lightweight structure. These boats can be handled by one person and are very effective when driven over short distances. The use of airboats are primarily for the rescue operations, for the defense and military purpose like coast guards and is nowadays also implemented for fishing purpose. The airboats application can also be found in tourism industry which makes the airboats market, a market with significant customer base.

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Airboats: Dynamics

The recent development in the tourism industry, effective application of airboats in the fishing industry, use of airboats to maintain law and enforcement situations in the coastal areas are some of the crucial applications which are expected to improvise the improvements in the market on the global platform. The increased number of airboats in tourism industry can also feed the effective growth of the market in the coming years. The intensive sales of the airboats for the application in commercial purpose is also expected to boost the market in almost every region across the globe.

The increased trend of the airboats despite of the high cost is likely to boost the market of airboats. The significant development in the sales of the airboats will drive the market on a positive note. Also in the recent past, the intense sales of the airboats for the personnel use by the civilians is also going to provide a boom in the market. The effective application of airboats in the icy areas will also provide a wide and extensive customer base for the market.

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Airboats: Regional Overview

The market of Oceania is likely to surge with an impressive rate due to the powerful marine market in the region and massive costal area possessed by the prominent countries like Australia and New Zealand. The market of North America is likely to grow at a significant rate due to the considerable growth in the tourism industry and the increasing airboat tourist companies with lucrative packages in many states in the U.S. Latin America to have a stable growth in the market on the back of developments in the marine industry. The Europe is also anticipated to have a notable progress in the market of airboats over the forecast years. The powerful marine industry of ASEAN countries and the subtle costal area of India are going to sweep the market of South Asia. While the market of East Asia is also expected to proceed with a moderate growth rate over the foreseen period. The market of Middle East and Africa is unlikely to grow with a significant pace and is expected to grow with a slow pace over the years.

Airboats: Market Participants

  • Diamondback Airboats
  • PANTHER AIRBOATS
  • Floral City Airboat Company
  • American Airboat Corp.
  • Arctic Airboats  Ltd
  • CHRISTY HOVERCRAFT TM
  • Canadian Airboats
  • Hamant Boats
  • AirboatWest

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Airboats: Segmentation

On the basis of End use, airboats can be segmented as:

  • Military airboats
  • Rescue airboats
  • Tourist airboats
  • Hunting and fishing airboats
  • Personal airboats
  • Commercial airboats

On the basis of Engine used, airboats can be segmented as:

  • Aircraft engine airboats
  • Automotive engine airboats

On the basis of passenger capacity, airboats can be segmented as:

  • 1 to 3 seater airboats
  • 3 to 5 seater airboats
  • 5 to 8 seater airboats
  • 8  to 12 seater airboats
  • 12 to 18 seater airboats
  • 18 to 24 seater airboats

On the basis of sales channel, airboats can be segmented as:

  • OEM
  • Aftermarket

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Automotive Trailer Drawbar Market Key Players, Industry Overview, Applications and Analysis 2029

Automotive trailer drawbar is a mechanical component that acts as a coupling to connect a vehicle and its load carrying trailer. Axle and Load placement are crucial factors for the efficient towing of the goods where automotive trailer drawbar assist the trailer for efficient and stable running. There is wide Application of the Automotive Trailer Drawbar in the field of transportation, logistics, industrial and agriculture industry. Automotive trailer drawbar offers the stiffness to the chassis while carrying the load. Automotive trailer drawbar is majorly used in the commercial vehicles for towing the cargo.

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Automotive Trailer Drawbar Market: Segments

The Automotive Trailer Drawbar Market can be segmented on the basis of Design type, Vertical Load Carrying Capacity, sales channel, vehicle type, and region

On the basis of the design type, the Automotive Trailer Drawbar Market can be segmented as:

  • The straight drawbar
  • The Compound drawbar
  • The “A” frame drawbar

On the basis of the vertical load carrying capacity, the Automotive Trailer Drawbar Market can be segmented as:

  • Less than 4500 Kg
  • 4500 Kg – 7000 Kg
  • More than 7000 Kg

On the basis of the sales channel, the Automotive Trailer Drawbar Market can be segmented as:

  • Original Equipment Manufacturers (OEM’s)
  • Aftermarket

On the basis of the vehicle type, the Automotive Trailer Drawbar Market can be segmented as:

  • Passanger Cars
  • Commercial Vehicles
  • Light Commercial Vehicles (HCV)
  • Heavy Commercial Vehicles (LCV)

List of some of the prominent market participants in the Automotive Trailer Drawbar Market are as follows:

  • ALOIS KOBER GMBH
  • Nooteboom Trailers
  • Distag QCS (UK) Ltd
  • BPW Bergische Achsen
  • The Cartwright Group
  • Premier Manufacturing Company
  • Red Rock Manufacturing

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries:
 press@futuremarketinsights.com
Website:
 https://www.futuremarketinsights.com/

Organic Oats Market Overview, Cost Structure Analysis, Growth Opportunities And Forecast To 2027

A new research report by Future Market Insights titled “Organic Oats Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers the global market scenario of organic oats across regions such as North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The global organic oats market witnessed fast growth since 2012 but was small in valuation. The positive growth graph of the market is attributed to several aspects that are discussed below. The detailed pricing analysis and value chain assessment is also covered in this research report. The market is segmented in-depth to gain complete understanding of the global market. This research report is focussed on the applications of organic oats, various product types of organic oats and distribution channels to reach various customers. The study incudes historic data of the organic oats market along with the current market scenario. Based on trends and developments and the historic and current market data, future market evaluation has been carried out for a period of 10 years.

Global Organic Oats Market: Forecast

The global organic oats market is expected to reach a value of a little under US$ 370 Mn by the end of 2027 from a value of about US$ 198 Mn in 2017. It is projected to grow at a robust value CAGR of 6.4% throughout the period of forecast, 2017-2027.

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Global Organic Oats Market: Segmental Highlights

The global organic oats market is segmented by application, by product type, by distribution channel and by region.

  • By application, breakfast cereals is the largest segment. This segment is estimated to reach a high valuation of more than US$ 180 Mn by 2027 end and is expected to grow at the fastest pace in the coming years.
  • By region, Western Europe is the largest regional market. The organic oats market in Western Europe is likely to dominate the global market during the forecast period. The organic oats market in North America is projected to grow at the fastest pace to register a stellar value CAGR of 7.1% during the forecast period.
  • By product type, the rolled oats segment is expected to dominate the global market in the coming years. This segment is also the fastest growing segment and is poised to reflect a CAGR of 6.7%.
  • By distribution channel, the hypermarket/supermarket segment is estimated to reach a valuation of about US$ 236 Mn and is the largest distribution channel segment by value.

Global Organic Oats Market: Factors Influencing Growth

Growing demand for organic food, growing consumer confidence towards organic food, growing retail chains offering organic products, increasing market penetration of organic food, improved retail formats, increasing per capita disposable income, emergence of modern trade and online retail formats and higher preference for premium products is contributing to the growth of the global organic oats market. Aspects such as a highly competitive market, lack of marketing standardisation and fluctuating input costs are pulling down the growth of the global organic oats market.

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Global Organic Oats Market: Competitive Assessment

The research report on the global organic oats market covers competitive assessment that includes profiles of companies such as Nature’s Path, Grain Millers, Inc., The Hain Celestial Group, Inc., Quaker Oats Company, Nairn’s Oatcakes Limited, NOW Health Group, Inc., Bagrry’s India Ltd., General Mills Inc., Helsinki Mills Ltd., Unigrain Pty Ltd., Bob’s Red Mill Natural Foods, Inc., GrandyOats, Richardson International Limited, Blue Lake Milling Pty Ltd., Avena Foods Limited, Morning Foods Limited, Annex Holdings Pty Ltd., The Jordans & Ryvita Company Ltd., E. Flahavan and Sons Limited and Willow Creek Organic Grain Co. Inc.

About Food Market Division at FMI

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

Food Testing Market Gather Traction with Changing Government Regulations; ‘Clean Label’ Trend Promises New Opportunities

The surge in the demand for food testing is underpinned by a slew of factors, including the changing regulatory scenarios and consumers’ demand worldwide, along with continuous research and development for the launch of new and cost-effective tests.

Newly released data from Food Testing Services Market analysis by Future Market Insights shows that the global Food Testing Services Market size is estimated at USD 20 Billion. It is expected to grow at a CAGR of 8.5% for the forecasted year 2022-2032. It is also estimated that the market size will reach USD 30 Billion by 2032.

“Food testing market is likely to record a high growth rate, owing to consumer demand for safe and sound food products. With the climate change creating adverse effects on the food and food supply chain, requirement of food testing is becoming crucial, especially in developing economies,” says FMI report.

According to the report, the use of food testing for various purposes in the food and beverage industry is highly advanced in the developed nations such as, U.S., Canada, Germany, France, U.K., etc. However, rapid growth in food manufacturing industry in developing countries such as India, China, Brazil, and Vietnam is likely to serve as the primary growth factor for the global food testing market.

Food testing market is expected to witness rapid growth, on the account increased incidence of infection from food products, especially meat products. Pathogens such as bacteria, virus, and fungi are the main cause of such infection.

Opportunities Abound in Developing Countries

India and China, countries with the high GDP growth rate, home almost 38% of the world population, acting as the biggest markets for food testing in the future. These countries along with Brazil and Vietnam are the fastest growing economies in the world. Driven by the high rate of industrialization and urbanization, food manufacturing industry in these countries is developing at a high speed, creating surge in the export activities. U.S. and European countries are the countries with the maximum share in the food and beverage import globally. The rules and regulations set by the governments of the U.S. and the European Union are likely to reflect on the regulation scenario of the exporting countries and contribute to the growth of the food testing market.

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Gains Upheld by Rising Population and Growing Awareness of Food Safety

According to the UN data, global population is increasing at a rate of 1.07%, adding on an average 82 million people per year. By the year 2030, the global population is projected to reach 8.5 Bn, up from 7.6 Bn in 2018. This increasing population is resulting in the substantial growth in the food and beverage industry and food testing market, globally. With the global economic advancement, increase in smart cities and the use of social media platform has been observed, in the recent past. The increase in the use of social media is creating awareness amongst the consumers, and consequently demand for safe, authentic and tested food products is rising. Such trend has compelled food manufacturers to get their food tested in order to market them as a safe for human consumption – a key factor for the growth of the food testing market. Further, growing demand for food testing, especially for meat and poultry products will continue to influence growth strategies of the market players.

About Food Market Division at FMI

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

Aircraft Tire Market is expected to post impressive gains, expanding at a CAGR exceeding 6% throughout 2021 – 2031

ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global aircraft tire market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding 6% throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand.

The market posted steady growth in historical period, backed by the high demand of bias ply aircraft ties from military aviation industry. Consistent demand for narrowbody aircrafts backed by the high demand from defense and military sector across the U.S., India, China, and Germany bolstered the market growth.

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Competitive advantage of bias ply over radial ply in providing higher strength, stability and ground traction will continue to fuelling the demand for former over the forecast period. Besides this, a key trend gripping the aircraft tires landscape is the drive towards attaining sustainability in manufacturing of aircraft tires.

Surging adoption of high performance material such as Kevlar is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material to manufacture their products.

For instance, Bridgestone Corporation are using Kevlar in the manufacturing of its narrowbody military aircrafts, while another leading player Goodyear Tire and Rubber Company is conducting R&D activities to incorporate new innovation in the manufacturing of its bias ply aircraft tires.

Key Takeaways from FMI’s Aircraft Tire Market Study

  • In terms of ply type, bias ply aircraft tires are expected to remain dominant
  • Narrowbody aircraft tires are expected to witness higher growth backed by the high production of military aircrafts
  • Demand for aircraft tires to witness high growth across aftermarket segment
  • The U.S. is expected to be the most lucrative market across North America
  • China is anticipated to lead the Asia Pacific aircraft tire market, registering impressive growth through 2031
  • Germany and the U.K. are expected to lead Europe’s aircraft tire market over the forecast period

“Advanced technology and increasing investment in the research & development activities for developing fuel efficient and light weight aircraft is improving the demand of aircraft tires, creating impressive growth opportunities for key players,” says the FMI analyst. 

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Who is Winning?

Fierce competition within the market have led the key players to adopt numerous organic and inorganic strategies to maintain the lead. Product expansion, technological innovations, research & development activities, targeted mergers & acquisition are few of the strategies manufacturers rely upon among others.

Goodyear Tire & Rubber Company, one of the world’s largest tire company, in October 2020 announced KADEX Aero Supply as its aviation distributor, a Canadian aviation parts distributor company. Though this partnership, Goodyear aims to expand its footprints in Canada.

Dunlop Aircraft Tyres Limited (DATL), another prominent player, recently invested US4invested US$ 70.92 million in an aircraft tyre retreading factory in Karawang, West Java, Indonesia. Also, DATL has announced to start up a new aircraft tyre production plant in the same location to expand their customer base.

Some of the leading aircraft tire companies profiled by FMI include Bridgestone Corporation, Goodyear Tire & Rubber Company, Compagnie Générale des Établissements Michelin, Dunlop Aircraft Tyres Limited, and Polymer Enterprises Inc. among others.

Key Segments Covered

Aircraft Type

  • Small Widebody Aircraft
  • Medium/ Large Widebody Aircraft
  • Narrowbody Aircraft
  • Propeller Aircraft
  • Helicopter
  • Defense and Homeland Security Aircraft
  • Freighters

Ply Type

  • Bias Ply
  • Radial Ply

Sales Channel

  • OEM
  • Aftermarket

Region

  • North America (US and Canada)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
  • Asia Pacific (India, Malaysia, China, Japan, Australia, Thailand and South Korea and Rest of APAC)
  • Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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Key Points Covered in Aircraft Tire Market

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Aircraft Tire Market and How to Navigate
  • Recommendation on Key Winning Strategies

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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MENA Commercial Vehicles (Trucks) Market is projected to expand 3.4% CAGR between 2022 and 2027, will reach US$ 6.57 Mn by the end of 2022

A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 10 year assessment period from 2012 to 2027.

The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

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Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

  • The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
  • The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

  • The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
  • The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

Market Taxonomy

Class Type

  • Light Duty
    • Unto 2.5 T
    • 2.5 T – 4.5 T
    • 4.5 T – 6.5 T
  • Medium Duty
    • 6.5 T – 7.5 T
    • 7.5 T – 9 T
    • 9 T – 12 T
  • Heavy Duty
    • 2 T – 15 T
    • 15 T & Above

Region

  • Middle East
    • Saudi Arabia
    • Turkey
    • Rest of Middle East
  • North Africa

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MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

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Advanced Driver Assistance System (ADAS) Testing Equipment Market : As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/mena-commercial-vehicles-market
Press Release Source: https://www.futuremarketinsights.com/press-release/mena-commercial-vehicles-market

Sodium Malate Market is expected to observe a CAGR of 4% over 2022-2032 | FMI

Sodium malate has been gaining ground as a potentially effective cosmetic additive and functional ingredient, within the cosmetic and personal care industry.

Newly released data from Sodium Malate Market Analysis by Future Market Insights show that the global market size of Sodium malate is expected to reach USD 715 Million by 2032. The market is growing at a CAGR of 4% during the forecasted year 2022-2032.

“The market for sodium malate is booming, in parallel with the ever-changing consumer food habits. The increasing tendency to consume more and more processed food and decreasing trend of cooking a meal at home is increasing the demand for food additives and driving the global sodium malate market growth.” says FMI report.

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According to FAOSTAT data, the food and beverages industry generated approximately US$ 12.5 trillion of revenue, which summed up to 17% of world GDP, in 2013. Sodium malate is a sodium salt of malic acid and is used extensively in the food and beverages industry. Sodium malate is used predominantly as a food additive in food products such as bakery and confectionery, desserts, flavoured and soft drinks, meat products, etc. Sodium malate in the food and beverages industry functions as a flavouring agent, acidity regulator, and buffering agent.

Sales Continue to Benefit from Staggering Growth in Processed Food Products Sales

The food and beverages industry is flourishing, owing to the increased consumption of confectioneries and similar processed food products. With the advent of industrialization and increasing population, significantly in Asian countries, the bakery and confectionery industry is rapidly expanding in the region. This is increasing the demand for food additives and thus, driving the global market of sodium malate. According to the report, the food and beverage industry is expected to remain strong over the forecast period of 2019-2027.

According to the report, the increasing demand for cosmetics and personal care products is creating positive outlook in the global sodium malate market. Cosmetics and personal care industry is expected to account for ~30% of the market share by value. Sodium malate is used as a cosmetic additive, functioning as a skin conditioning agent and humectant. Sodium malate is also being used in the formulation of anti-aging, as well as lightening and whitening agents. Moreover, sodium malate is currently being researched for use as a pH adjuster in low concentration. The cosmetic industry has expanded and evolved rapidly over the last decade and is one of the major industries with high potential, which also brings promising potential for sodium malate. The cosmetic industry is well-established in developed markets such as North America, Europe, and Oceania, and is growing in other markets such as Asia and Middle East & Africa, presenting increased opportunity for sodium malate. Especially in developing nations such as India, Brazil, China, etc. the percentage of middle-class population is increasing at a rapid rate and increase in the income of middle-class population is observed. This increased demand for cosmetics and personal care products is expected to create promising market potential in the global sodium malate market.

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Flourishing F&B Sectors to Bolster Sodium Malate Demand for Processed Foods

The research analysis by FMI reveals that the sodium malate market has promising future and increased opportunity in the developing countries. According to UN data of 2018, more than half of the world population is residing in urban areas and is projected to add 2.5 Bn by 2050, which will be approximately 68% of the total world population. Out of this additional 2.5 Bn urban population, 90% will be contributed by Asia and Africa, owing to the high growth rate of the population.

Major industry players of food and beverages, cosmetics, and pharmaceutical industries are entering these low urbanized regions, eyeing the availability of workforce and ease of business. With an increase in urbanization and industrialization, accessibility of consumer goods such as bakery, confectionery, soft drinks, cosmetics, and personal care products is improving in developing nations, ultimately increasing the consumption of these products. Sodium malate used as a food additive, has increasing opportunities in developing nations.

According to the report, use of sodium malate in the animal feed industry is likely to drive the global market insignificantly. Sodium malate is available in feed and/or fodder grade in the industry. Sodium malate is used as a feed ingredient for technological purposes and is being researched for use in new products. Sodium malate is also used as an acidity regulator and flavouring agent for feed products. The increasing population is also resulting in increasing meat consumption, and in order to increase meat production, animal feed is supplemented with various feed ingredients.

Market Segments Covered in Sodium Malate Industry Analysis

Type

  • Monosodium Malate
  • Disodium Malate

Application

  • Food and Beverages
  • Personal Care
  • Cosmetics
  • Animal Feed

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • Middle East & Africa (MEA)
  • Oceania
  • Japan

 

Fructose Market to Garner USD 15,556.5 Mn in 2032 at 5.9% CAGR, Says FMI

The global fructose consumer market is expected to increase at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2032, from USD 8,267.2 million in 2022 to USD 15,556.5 million in 2032.

The expansion of the fructose consumer market is predicted to be aided by rising demand for sugar-free and low-calorie food products. Fructose is a primary flavor enhancer found in almost all foods and beverages. The fructose industry will benefit from an increase in the consumption of protein supplements, energy drinks, and skin creams.

Key Takeaways

  • The demand for low-sugar, low-calorie products is driving the fructose industry forward. Low-calorie and low-sugar foods are gaining popularity because they help people lose weight while still providing an excellent source of vitamins and minerals that are beneficial to their overall health.
  • To meet the required level of carbohydrate in the product, many sports nutrition products such as protein shakes, health drinks, and energy drinks contain fructose. Fructose is a popular ingredient since it is easy to digest, low in calories, and a healthier option for diabetics.
  • Fructose has a huge potential in the pharmaceutical sector; one of the most important components in cough syrup is fructose; fructose is also present in practically all therapeutic syrups and a few oral medicines. Pharmaceutical businesses commonly employ high fructose corn syrup as a flavoring component in their products.
  • Because fructose is a prominent ingredient in baby food and is easy for babies to digest, the fructose market has a lot of room for expansion.

“ The growing fructose market is attributed by the rising trend of fitness and health awareness coupled with rising diabetes cases and rising demand for low sugar and low-calorie food is expected to assist the growth. Rise in usage in various applications like medicinal syrups, baby food, and skincare products is going to increase the reach of fructose market,” says a lead analyst at Future Market Insights.

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Competitive landscape

Fructose is expected to witness a booming growth due to the rising trend of fitness and awareness towards health. With the increasing cases of diabetes, fructose is going to be a natural and healthy option of sweetener in day t day life of consumers. With huge demand as a flavoring agent in medical syrups, oral medication, and baby foods, the Fructose market is now looking to expand to the skin care sector with new technological advancements.

To deliver a better quality sports drink to consumers, companies like HIGH5 have put fructose in their energy drink 2:1 fructose. In comparison to glucose and sucrose, protein shakes and protein powder contain fructose for their beneficial characteristics. The trend to stay in shape, as well as aesthetic and health consciousness, has boosted the sports nutrition business, which is benefiting fructose consumers.

Fructose is a novel component that works as a humectant moisturizer and natural exfoliator in skin creams. It can be used to gently exfoliate the skin and draw moisture to the skin’s surface, giving it a moisturized and healthy appearance. Fructose is a desirable ingredient for skin lotions and moisturizers because of its ability to absorb and retain moisture. With technological advancement and demand for natural ingredients, the use of fructose in skincare applications is expected to rise to assist the growth of this segment.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an unbiased analysis of the global Fructose market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Source:

  • Sugarcane
  • Sugar beet
  • Corn
  • Others (Fruits and Vegetables)

By Product Type:

  • High Fructose Corn Syrup
    • High Fructose Corn Syrup 42
    • High Fructose Corn Syrup 55
    • High Fructose Corn Syrup 65
    • High Fructose Corn Syrup 90
  • Fructose Syrups
  • Fructose Solids

By Application:

  • Sports applications (Energy drink, Protein shake)
  • Dairy-based Products
    • Ice Cream
    • Milkshake
    • Frozen Desserts
    • Yoghurt
  • Beverages
    • Non-Alcoholic drinks
    • Alcoholic drinks
  • Baked Goods
    • Biscuits & Cookies
    • Cake, muffins and pastries
    • Bread
    • Others
  • Cosmetics & Personal Care
  • Medicinal syrups and baby foods
  • Others (Confectionery, Candies, Canned Food)

By Regions:

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

Compact Wheel Loaders Market is estimated to reach a valuation of US$ 6 Bn by 2030 | Caterpillar, Inc., Komatsu Ltd., Deere & Company, Doosan Corporation

Compact wheel loaders are utilized in several industries to load materials from one place to another. They are majorly used in the construction industry, where they are a stepping-stone between skid steer and large wheel loaders. In addition, compact wheel loaders are used in the agriculture, industrial, and utility sectors. Increasing preference towards electric compact wheel loaders to attain zero carbon emission is propelling the growth of the compact wheel loaders market. According to a new research report published by Future Market Insights (FMI), the compact wheel loaders market is estimated to reach a valuation of US$ 6 Bn by 2030.

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Key Takeaways of Compact Wheel Loaders Study

  1. Latin America, Oceania, and South Asia are estimated to grow at a significant pace, owing to ongoing construction activities and infrastructural investments in these regions.
  2. Several advantages such as better maneuverability, lifting abilities, and multiple attachments compatibility are broadening the adoption of compact track loaders.
  3. Construction activity is anticipated to remain the foremost application in the global market, and hold the dominating market share throughout the forecast period
  4. Key market players are focusing on launching new products driven by advanced technologies to gain a competitive advantage in the global compact wheel loaders market landscape.
  5. The ongoing global COVID-19 health crisis is estimated to negatively impact the overall construction equipment market, due to prolonged inactivity in the construction industry, interrupted fund flows for operations, and overall delays in construction project timelines.
  6. As a preventive measure against the COVID-19 crisis, a majority of manufacturers are prioritizing workforce safety and are shutting down most of their production plants for a limited time duration.
  7. In certain regions, the construction equipment industry is facing challenges of complying with strict standards. These standards require manufacturers to invest heavily in new technologies, thus shrinking their returns on investments (ROI).

“Realizing a gradual decline in worldwide demand, players are limiting the production of compact wheel loaders to avoid the overstocking of products. Market participants need to develop robust production strategies in order to reduce risks of opportunity loss to their companies.”

  • Base Year – 2019
  • Historical Period – 2015-2019
  • Forecast Period – 2020-2030
  • Market Value in 2019 – US$ 4.8 Bn
  • Segments Covered – Product, Application, and Region
  • Regions Covered – North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa
  • Growth Drivers
    • Investment upheaval in construction projects
    • Rising shift towards electric compact wheel loaders
    • Leading players are focusing on developing tech-advanced compact wheel loaders

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COMPACT WHEEL LOADERS MARKET TAXONOMY

The global compact wheel loaders market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.

Product

  • Compact Track Loaders
  • Skid Steer Loaders
  • Backhoe Loaders
  • Wheeled Loaders

Application

  • Construction
  • Agriculture & Forestry
  • Industrial
  • Utilities

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Compact Wheel Loaders Market: Competitive Landscape

The compact wheel loaders market is consolidated, owing to the presence of a limited number of manufacturers across the globe.  Caterpillar, Inc., Komatsu Ltd., Deere & Company, Doosan Corporation, and Volvo Construction Equipment are the leading players in the compact wheel loaders market. Top 5 players account for over 40% share in the global market. Introduction of technologically-advanced products while adhering to stricter environmental regulations is among the key strategies being adopted by prominent manufacturers, worldwide.

Rising Preference towards Electric Compact Wheel Loaders to Attain Zero Carbon Emission

Governments across the globe are enacting stringent regulations in an effort to reduce carbon footprint. Electric compact wheel loaders curb carbon emissions by around 30% as compared to conventional construction equipment, given their advanced engine technology.

Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/Compact-Wheel-Loaders-Market
Press Release Source: https://www.futuremarketinsights.com/press-release/Compact-Wheel-Loaders-Market