Respiratory Trainer Market In-depth Analysis by Trends, Dynamics, Drivers, Challenges and Growth Factors by 2026

Respiratory trainer is commonly known as breathe exerciser is a device that aims to improve function of the respiratory muscles through specific exercises. This device increases the amount one can breathe in and delivers a high mixture of oxygen and air. Respiratory trainer strengthen the muscles of those who suffer from asthma, bronchitis, emphysema and Chronic Obstructive Pulmonary Disease. There are variety of respiratory trainers are available in the market which include Ultrabreathe, Powerbreathe, PowerLung, and Expand-A-Lung.

Respiratory trainer- Usage

To give daily workout to the lung, one should inhale through respiratory trainer for a few minutes twice a day in a simple breathing pattern. Respiratory trainer works on the principle of resistance. As patient inhale, the resistance created which makes the muscles work harder and the harder they work the stronger and more durable they become. As the breathing power improves, lung exerciser can be gradually adjusted to provide more resistance with just the twist of a knob. These days’ doctors are also prescribing respiratory trainer for post-surgery patients to increase their lung power. Respiratory trainers are now also used to increase sports performance.

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Respiratory trainer- Benefits

Respiratory trainers are compact, convenient and safe. They improve cardio-pulmonary status of the patient, enhancing the overall fitness and wellbeing. Respiratory trainers are best lung exercisers that improve oxygenation of blood and reduce fat levels by burning calories. These trainers are good for athletes which boost their performance. Respiratory trainers also help in achieving optimum lung capacity and restoring disrupted breathing patterns. It also increases circulation of hormones in the blood which increase the blood blow to the heart, brain and lungs. Now-a-day doctors prescribed respiratory trainer post-surgery, especially after bypass surgery to restore and maintains lung capacity. The most important advantage of respiratory trainer is it can be used by anyone. Considering the ever increasing pollution, even healthy person can use respiratory trainer to strengthen the lungs.

Respiratory trainer- Trends

Presently, respiratory trainer market is driven by rising incidence of respiratory disorder. The World Health Organisation (WHO) estimates 235 million people worldwide suffer from asthma. Besides, technological advancement such as low perfusion and motion tolerant in pulse oximeter, increasing government expenditure, growing patient awareness about various respiratory diseases and rise in demand for better healthcare services is also driven the growth of respiratory trainer market. Some of the common factors that affect the rate of respiration are age, internal temperature, disease such as Chronic Obstructive Pulmonary Disease and angina is creating robust development in respiratory trainers’ market. However, critical regulatory compliance procedures inhibit the growth of the respiratory trainer market.

Respiratory trainer- Region

North America dominates the global respiratory trainer market due to technological advancement and increasing incidence of respiratory cases, rising popularity of portable devices and growing demand for home health care devices such as respiratory trainer. For instance, The American Lung Association states that Chronic Obstructive Pulmonary Disease is the third leading cause of death in the US. While, according to the American Academy of Allergy Asthma and Immunology, asthma is estimated to grow by more than 100 million by 2025. Asia-Pacific is the fastest emerging market for global respiratory trainer market because of rising number of patients with respiratory diseases.

Respiratory trainer- Forecast

The respiratory trainer market in Asia Pacific offers large opportunities and is projected to expand at the highest CAGR in the next few years. This growth is mainly due to factors such as untapped opportunities, improving health care infrastructure, and increasing awareness about the available diagnostic procedure. Improving health care scenario, rising prevalence of respiratory diseases, and growing investments by market players are the major factors fuelling the growth of global respiratory trainer market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Respiratory Trainer Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Polyethersulfone (PES) Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Polyethersulfone (PES) belongs to the family of thermoplastics polymers which is further classified as sulfone plastic. Polyethersulfone polymers are stable at high temperature and exhibit high toughness. Ability to be high hydrolyzed makes polyethersulfone to finds its applications in medical industry and ability to resist heat makes PES to find its application in Military uses. Polyethersulfone when reinforced with the glass fibers makes the composite to have high strength and Young’s Modulus in comparison to the composite without polyethersulfone reinforcement. In electronics industry Polyethersulfone is used as a dielectric capacitor.

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PESU Polyethersulfone membranes are membrane polymers which are used in pharmaceutical and biotechnology industries.  Polyethersulfone are stable polymers having broad temperature and pH range. Polyethersulfone membrane scan also be used to remove Clostridia, Salmonella, Mycoplasma reduction, Yeasts and Mammalian cells from liquids. Advantages of using Polyethersulfone are they generate low smoke, exhibit excellent electrical properties at elevated temperatures, transparent, have excellent chemical resistance and are easily machined.

Polyethersulfone (PES) Market: Dynamics

Growing demand for high performance engineering plastics across various industries such as Construction industries, aviation industries and automotive industries is expected to drive the Global demand of Polyethersulfone during the forecast period.

Increasing applications of polyethersulfone in dental and medical sector is expected to further drive the consumption. Superior properties such as high thermal resistance and chemical resistance over polyamides and polycarbonates i.e. (thermoplastics) is expected to cause the growth in consumption of Polyethersulfone.

Growing filtration needs in sanitary and food & beverages industry is expected to raise the demand for membranes which in turn is expected to gear up the consumption of Polyethersulfone during the forecast period

High cost of Polyethersulfone compared to other plastics available in market and high cost involved in processing is expected to pose the restraint in the growth of Polyethersulfone market.

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Polyethersulfone (PES) Market: Regional Outlook

North America is expected to witness the significant growth in Polyethersulfone market. Due to high growth in automotive industries and medical industries coupled with High per capita consumption is expected to boost the demand of Polyethersulfone during the forecast period

Emerging economies such as China and India and Indonesia in Asia Pacific are expected to witness the substantial growth in Polyethersulfone market. This can be attributed to the increasing expenditure of individuals in Healthcare coupled with growing industries such as automotive, food & beverages and Aerospace etc are expected to accelerate the demand of Polyethersulfone (PES) during the forecast period of time.

Europe and Middle east & Africa (EMEA) region is expected to witness the growth in Polyethersulfone market due to the presence of growing automotive manufactures in region and increasing expenditure in military sector is expected to spur the Europe Polyethersulfone (PES) market

Latin America is expected to witness the stable growth in Polyethersulfone market which can be attributed to the stable growth in end use industries where Polyethersulfone is used such as Automotive, Medical, Military and Aerospace etc.

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Polyethersulfone (PES) Market: Market Participants

Examples of some of the market participants in the Polyethersulfone (PES) market are:

  • BASF SE
  • Jiangmen Youju New Materials Co., Ltd
  • Solvay SA
  • Solvay Specialty Polymers USA
  • Sumitomo Chemical Company
  • Evonik Industries AG
  • Infinity LTL Engineered Compounds
  • SABIC Innovative Plastics US LLC
  • Westlake Plastics Company
  • Centroplast Engineering Plastics GmbH
  • du Pont de Nemours and Company

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Hot And Cold Therapy Market Research Report 2021-2026: Industry Trends, Regional Wise Outlook, Growth Projections and Opportunities

Hot therapy which is also known as thermotherapy is the use of heat in therapy. While cold therapy is the immediate first aid particularly used in sports injuries. Hot therapy is performed to get rid of pain by using various techniques such as hot cloth, whirlpool baths, heating pad, ultrasound, and hot water bottle. On the other hand, cold therapy commonly known as cryotherapy is performed by applying an ice or gel pack. Both the therapies are no addictive and non-invasive pain relief therapies for muscles and joint pain.

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Hot and cold therapy- Usage

Heat can supply two types of warmth, dry and a moist one. The moist one penetrates well, while dry heat may dry the skin. However, the common purpose of both the types is to improve the flexibility of tendons and ligaments, reduce muscle spasms and alleviate pain. Instead of applying directly on skin, in hot therapy it is advised to use thin towel to wrap the hot devices. Cold therapy is usually used for 24 to 48 hours after an injury. Typically used to get relief from bruises, bumps, sprains that may occur in sports or lifting, cold therapy should not be used on injured areas more than 20 minutes. Just like hot therapy, cold therapy should also be performed by wrapping up the ice packs in thin towel.

Hot and cold therapy- Benefits

Joint pain can be cured by both hot and cold therapy. Lower back muscle strain which generally result from strain and over-exertion can be cured with hot therapy. Blood vessels are opened due to heat that increases blood flow, oxygen supply and nutrients. It also reduces pain in joints and relax sore muscles, ligaments and tendons. Providing superficial heat to the body improves flexibility of tendons and ligaments, reduce muscle, spams and ease pain. Cold therapy is not only beneficial for reducing pains but the therapy is also useful in reducing swelling. Intermittent compression acts as a pump for the limbs. The ‘on’ and ‘off’ effect allows blood flow to return to the heart much quicker and therefore oxygenate, returning to the injury site with oxygen to aid the healing process.

Hot and cold therapy- Trends

Rise in spinal cord injuries is proving beneficial to the sales of hot and cold therapies packs. Besides, consumers these days giving preference to the non-surgical pain management options which is creating robust development in hot and cold therapy market worldwide. Herbal hot and cold therapy packs are witnessing strong demand globally. Popularity of cold water therapy to burn fats increasing the sale of cold therapy packs. Increasing elderly population which is vulnerable to pain and injury is driving the growth of hot and cold therapy market globally.

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Hot and cold therapy- Segment

In terms of product, the hot and cold therapy packs market can be divided into dry and moist hot and cold packs or compresses, gel packs, and instant electric hot/cold packs. These are used to manage various conditions including back/spinal problems, neck problems, joint problems, arthritis, neuropathic pain, and surgery. Increasing incidence of lifestyle related disorders is one of the major drivers of the hot and cold therapy packs market. Moreover, increasing inclination toward home care products and growing online marketing of such products is expected to boost the market during the forecast period. Advancements in product technology such as cold/hot wrap fused with knee braces or back support belts are also expected to increase demand in the near future

Hot and cold therapy- Regions

North America region represents the largest market of hot and cold therapy worldwide, followed by Europe. Economic growth, increased standard of living, rising awareness about public and personal healthcare and rising aging population in Asia Pacific regions also fuelling the demand for hot and cold therapy packs. The shift towards home-based healthcare in North America and Europe regions is also creating lucrative market for hot and cold therapy packs.

Hot and cold therapy- Forecast

Growth in chronic and restricting illness is prime driver which will dominate hot and cold therapy market in future. Increasing number of neurological injuries and sports injuries will also create an attractive market for hot and cold therapy packs. Development in manufacturing technologies and online vending will also facilitate the growth of this market. The future growth of hot and cold therapy market will be determined by the need for safer pain management modalities as against pharmaceuticals.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

Key players in the hot and cold therapy packs market include 3M Company, Breg, Inc., Cardinal Health, Inc., Carex Health Brands, Halyard Health, Medline Industries, Inc., Medtronic plc, and Pfizer, Inc.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Hot And Cold Therapy Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Hirschsprung Disease Treatment Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Hirschsprung disease is a condition in which certain nerve fibers are absent in the segment of the bowel results in partial or full blockage of a stool which further leads to severe infection and damage to the colon. The condition is present at the newborn period and later in infancy and childhood as a result of missing nerve cells in the muscles of the baby’s colon, and children are prone to a severe intestinal infection called enterocolitis which can be a life threatening.

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Mortality from enterocolitis or surgical complications in infancy is 25-30%. Hirschsprung disease is a common cause of chronic constipation. Hirschsprung’s disease is associated with certain inherited conditions, such as Down syndrome and other abnormalities present at birth, such as congenital heart disease. Hirschsprung’s disease occurs once in every 5,000 live births and is about four times more common in males than females.Hirschsprung disease affects all races; however, it is roughly three times more common among Asian-Americans.

The main signs and symptoms of Hirschsprung disease are constipation or intestinal obstruction, usually appearing shortly after birth. Most often, an infant or a child with Hirschsprung disease will have other symptoms, including growth failure, swelling of the abdomen, unexplained fever, or vomiting. However, Hirschsprung disease can be treated, depending on the bowel condition and its severity and based on the patient’s symptoms and medical history; this is expected to reflect positive growth in the global Hirschsprung disease treatmentmarket.

Hirschsprung Disease Treatment Market: Drivers and Restraints

Technology advancements in healthcare related to research and development of new therapies and drugs are now curing life-threatening diseases and giving promising results. Increasing the prevalence rate of such diseases with increasing number of diagnosed infants with Hirschsprung Disease across the globe are driving the Hirschsprung Disease Treatment market. However, some of the restraints also are there that hamper the Hirschsprung Disease Treatmentmarket growth such factor are the lack of definitive treatment options & misdiagnosis of the diseaseand limited access to healthcare services in various countries.

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Hirschsprung Disease Treatment Market: Overview

Continuous investment by government in clinical research to get the new ways to prevent, detect, or treat disease. Researchers also use clinical trials to look at other aspects of care, such as improving the quality of life for people with chronic illnesses.The National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) and other components of the National Institutes of Health (NIH) conduct and support research into such diseases and conditions. This is expected to drive the growth of Hirschsprung Disease Treatmentmarket during the forecast period.  Prognosis of Hirschsprung Disease with the help of diagnostic tests at regular intervals is also expected to propel the Hirschsprung Disease Treatment market.

Hirschsprung Disease Treatment Market: Region-wise Outlook

Based on geography, Hirschsprung Disease Treatment market has been segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle East & Africa. North America is relied upon to represent tremendous commitment under Hirschsprung Disease Treatment by income era due to well-developed diagnosis and treatment centers with affordability to health care facilities. Stimulated advancement in old technology and increasing awareness about disorders through government in Europe exhibits the rise of the Hirschsprung Disease Treatmentmarket. China, India are also relied upon to show high development rate, because of increases in research centers and adoption of these procedures in clinical practice with improved clinical outcomes that would push the Hirschsprung Disease Treatment market growth.

Hirschsprung Disease Treatment Market: Key Market Participants

Some of the major key players of Hirschsprung Disease Treatment market constitute: Pfizer, Sanofi, Bayer Healthcare, Johnson and Johnson Merck & Co., Novartis AG, Bristol-Myers Squibb, Astellas Pharma, Inc., Eli Lilly and Company, Abbott, Panacea Biotech Ltd. Cipla Ltd., GlaxoSmithKline  Dr. Reddy’s Laboratories Ltd,  and Baxter International.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Asia Pacific Tomato Seed Oil Market To Increase Rapidly | Emerging Industries, Challenges And Threats Faced By Key Vendors And Global Business Outlook Till 2031

As per the latest analysis by FMI, the tomato seed oil market in Asia Pacific is projected to total US$ 52.8 million in 2021. Growing application of tomato seed oil across various industries such as food and beverage, animal feed, and cosmetics is facilitating its sales in Asia Pacific. Driven by this, the Asia Pacific market is estimated to reach US$ 106.4 million by 2031.

Demand for tomato seed oil increased at a CAGR of 5.9% between 2016 and 2020. Consumer preference for natural ingredients in their food & beverage products and growing trend of veganism amongst millennials are projected to push sales in the market at a CAGR of 7.3% over the forecast period 2021-2031

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Tomato seed oil is extensively used in the production of cosmetic and personal care products such as anti-aging serums, body butter, sunscreens, and fairness cream due to its high linoleic acid, lecithin, antioxidants, and natural ultraviolet (UV) protection attributes.

Expansion of cosmetics and personal care industries in countries such as India, China, Japan, and South Korea will therefore create remunerable opportunities for sales of tomato seed oil in Asia Pacific.

Unrefined tomato seed oil is projected to emerge as the most preferred form in the market. Sale of unrefined tomato seed oil is likely to accelerate on account of its nutritional value and low concentration of chemicals. As per FMI, demand for unrefined tomato seed oil is anticipated to accounts for nearly 76.6% of the sales in the region by 2021.

“Rising demand for clean-label ingredients within food and cosmetics industries will increase tomato seed oil demand. The market also will gain from green initiatives adopted by food producers to cater the rising demand for plant-based ingredients,” says the FMI analyst.

Key Takeaways from Tomato Seed Oil Market Analysis

  • China is anticipated to emerge as a dominant market in East Asia, accounting for nearly 22.9% of the total regional sales over the assessment period.
  • Sales of tomato seed oil in South Korea are estimated to total US$ 11.1 million, growing at a robust CAGR of 8.7% through 2031.
  • The market in Japan is projected to account for more than 11.6% of the sales in Asia Pacific, expanding at a CAGR of 6.2% during 2021-2031.
  • India is forecast to contribute over 16.6% of the overall revenue share in Asia Pacific, exhibiting sales growth at an impressive CAGR of 10.5% between 2021 and 2031.
  • Among the nature verticals, the conventional tomato seed oil is expected to lead the segment, accounting for more than 78.8% of the total sales through 2031.

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Key Drivers

  • Growing application of tomato seed oil in the production of essential oils and surging use in aromatherapy owing to its high antioxidant properties are driving the market.
  • Rising penetration of e-commerce platforms and increasing availability of tomato seed oil-based products across direct and indirect sales channels are expected to facilitate the growth of the market.

Key Restraints

  • Limited shelf life of tomato seed oil due to high sensitivity to unfavorable temperature, air exposure, and the sunlight is hampering the market growth.
  • High cost of tomato seed oil, availability of substitutes are the factors hindering the market sales.

Competitive Landscape

As per FMI, top 5 companies operating in the tomato seed oil market are estimated to account for nearly 75% of the revenue share in 2021. Leading manufacturers are focusing on upscaling their digital marketing capabilities to expand their consumer base. Some of the players are engaging in agreement and strategic collaboration with other industries to increase their market share. For instance,

·  Botanic innovation, a U.S.-based producer of organic and conventional seed oils, announced adding tomato seed oil to its product portfolio. The company stated that they use NatureFresh Cold-press system to offers high quality and sustainable seed oils.

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

  • AG Industries
  • AGS Organics
  • O&3
  • Puroma
  • Kazima Perfumers (est.2010)
  • SVA Organics
  • Haekels
  • EOC (Essential Oils Company)
  • Natures Natural India
  • Aramacs
  • Natural Sourcing LLC
  • Escentials of Australia
  • Sheiling Laboratories
  • PRZ Herbals Care
  • Rakesh Sandal Industries
  • Others

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More Valuable Insights on Tomato Seed Oil Market

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

By Form:

  • Refined
  • Unrefined

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct sales
  • Indirect Sales
    • Grocery Retailers
    • Hypermarket/Supermarket
    • Convenience Stores
    • Wholesalers
    • Food and drink Specialty
    • Health and Wellness Stores
    • Online Retailer
    • Other Retail Format

By End-Use:

  • Food Service
  • Food and Beverages
    • Bakery
    • Confectionary
    • Dressing and Condiments
    • Sauces and Spreads
    • Ready Meals
    • Beverage Processing
    • Others
  • Cosmetic Industry
    • Skin Care
    • Lip Care
    • Hair Care
    • Cosmetic
    • Aromatherapy
  • Industrial
  • Animal Feed
  • Dietary Supplements

By Packaging:

  • Aseptic
  • Pouches
  • Bottles
  • Jerry Cans
  • Tin Plate Containers

By Countries:

  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Singapore
  • Rest Of Asia

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Key Questions Covered in the Report

  • The report offers insight into Asia Pacific tomato seed oil market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for Asia Pacific tomato seed oil market between 2021 and 2031
  • Asia Pacific tomato seed oil market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Asia Pacific tomato seed oil market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

 

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.

SOC-as-a-Service Market tremendous growth, opportunity, trends with key players

uture Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global SOC-as-a-Service Market: Global Industry Analysis, Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.

As per a recent analysis by Future Market Insights (FMI), the global SOC-as-a-Service market is projected to total US$ 1.08 Bn in 2021. Expanding at 24.3% CAGR, total revenue is anticipated to reach US$ 9.5 Bn by 2031.

Rising incidence of data breach and cyber-attacks in small, medium, and large scale enterprises across the globe is spurring the demand for effective SOC-as-a-Service solutions. Prevalence of remote work culture due to worldwide lockdown restrictions is resulting in high risk for cybercrimes and phishing.

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Competitive Landscape

Companies operating in the SOC-as-a-Service market are aiming at product innovation and strategic partnerships with other manufacturers to expand their product portfolios to  address the demand from an expanding customer pool. Fos instance:

  • In December 2020, Alert Logic, Inc. launched automated response solution for Amazon Web Services (AWS) environments. Alert Logic MDR SOAR delivers pre-built and customized playbooks ensure security teams to protect organizations from threats.
  • In December 2019, Fortinet, Inc. acquired CyberSponse. This acquisition helps the company to improve security orchestration, automation, and response addition to Fortier. Also it empowers security operations teams to achieve higher efficiencies and accelerate incident response.

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Segmentation

The SOC-as-a-Service market is segmented into application, form, end use industry, source and geography.

Based on Service Type:

  • Prevention Service
  • Detection Service
  • Incident Response Service
  • Others

Based on Application:

  • Network Security
  • Endpoint Security
  • Application Security
  • Others

Based on Industry:

  • BFSI
  • Healthcare
  • Government and Public Sector
  • IT and Telecom
  • Retail
  • Manufacturing
  • Others

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Queries Solved

  • What is the size of the overall SOC-as-a-Service Market in the Technology Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the SOC-as-a-Service Market in the Technology Industry, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the SOC-as-a-Service Market in the Technology Industry?
  • What is the SOC-as-a-Service Market in the Technology Industry size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in SOC-as-a-Service Market in the Technology Industry?
  • What are the recent trends in SOC-as-a-Service Market in the Technology Industry? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the SOC-as-a-Service Market in the growth of the Technology Industry?
  • What are the key market trends impacting the growth of the SOC-as-a-Service Market in the Technology Industry?

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Reasons to Buy the report

  • We provide authentic and detailed analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts.This ensures that the data collected is from highly reliable sources.

Wetting Agent Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Given the increasing commercial value of wetting agent in various industries, manufacturers are finding the need to not just bring innovation in new products but also extend their geographical reach for business expansion and development.

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Introduction of New Products to Strengthen Capabilities of Fulfilling Changing Needs

Need for better wetting performance and quicker wetting has become a major requirement for customers. Moreover, the increasing demand for odorless surfactants has been fueling innovations in the wetting agent market. With the transforming needs of the consumers, the wetting agent providers are finding the need to increasingly transform their product offerings to ensure that they can improve the way they customer’s needs are taken care of. For instance, the globally recognized chemical company, SABIC added the innovative non-iconic surfactant to its leading portfolio of fluid products. The product is an effective detergent, emulsifier, and wetting agent finding considerable application in home care and the textile industry.

Furthermore, the wetting agent is also being used as a base in new products providing key prospects for the manufacturers in the wetting agent market. For instance, the Profounda, Inc. launched its new lubricating drops, which are the wetting agent based nasal moisturizers. Such differentiating wetting agent applications are expected to offer greater avenues of expansion for wetting agent manufacturers.

The application of wetting agent in agricultural sector is expected to gain greater traction in the coming years. New technology and formulations are expected to provide wider scope for the wetting agent companies. The need for efficient and good-quality crop production is amongst the key requirements for which advanced products are being introduced. For instance, the recently introduced Soax Advanced wetting agent, by Oasis Grower Solutions, is a liquid surfactant that is well-formulated to assure the uniformity in the ratio of air and water throughout the overall root zone. This wetting agent reduces spot drying occurrence, prevents formation of water sockets, and enhances the capacity of holding water. Such applications are expected to drive the demand for wetting agent across various end-use industries.

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Leading Economies to Illustrate Production Opportunities for the Future

While the market is analyzed for key regions, owing to the increasing production facilities in regions such as Europe and North America, the production of wetting agent in these regions can see effective opportunities owing to major players in the wetting agent market finding production scope in these regions.

Evonik Industries AG, another wetting agent market player has been showcasing significant growth in the chemical sector which could strengthen its hold in the wetting agent market too. The new production facility such as the ones in North America and Germany for its other chemical offerings are expected to offer new future opportunities for the company in those regions.

Major manufacturers Showcasing Considerable Developments: Steady Future Opportunities Could be Expected

The key player in the wetting agent market include ALASIA Chemicals, Hexion Inc., AkzoNobel N.V., The DOW Chemical Company, Evonik Industries AG, BASF SE, Arkema SA, Harmony Additive Pvt. Ltd, Huntsman Corporation, Mani Agro Chemicals, Ashland Inc., and BYK-Chemie GmbH. Investment and expansion strategies have been a key aspect for the companies as they modify their business models to cater to the transforming and fluctuating market. Companies are seen investing in flourishing segments and regions to ensure fruitful business growth.

  • Huntsman Corporation, a wetting agent provider was seen expanding its business in Saud Arabia, with a Diglycolamine agent joint venture with Zamil Group. Their diglycolamine agent can help produce amine salts, surfactants, wetting agent and others. Such joint ventures are expected to enhance the company’s contribution in the wetting agent market with steps taken towards improving their offerings to the consumers in the market.
  • New product development strategy has been a major factor that supports the wetting agent manufacturers to gain a competitive edge in the market. For instance, the BASF launched their new wetting agent Bascal HP 100 that is designed for overcoming the challenges occurred in multi-effect distillation (MED) desalination plants.
  • The Dow Chemical Company has also been illustrating tremendous growth with nearly 10 percent increase in organic sales and the company has stated a considerable performance from all domains which explains a steady future for the company’s wetting agent market contribution.

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Classification of Wetting Agent Market to Determine the Promising Segments

The wetting agent market is segmented based on the type of product and application to obtain a clearer understanding of the market in terms of its subdivisions.

  • On the basis of the type of product the wetting agent market is segmented into solvent, water, and powder based.
  • Based on the application of wetting agent the market is sub-divided into architecture, agriculture, cosmetics, industrial, automotive and others.

The research report on wetting agent market illustrates an extensive evaluation of the entire market. It includes the facts and historical data, meaningful insights, and industry-validated and statistically-backed data providing a better understanding of the wetting agent market. The report includes projections with the help of adequate set of assumptions and methodologies. The research report on wetting agent market provides evaluations and data based on regions, market segments, technology, and applications.

The report includes thorough analysis on:

  • Segments of wetting agent market
  • Wetting agent Market- Influencing Factors
  • Size of the wetting agent Market
  • Demand & Supply
  • Recent Challenges and Trends in the wetting agent market
  • Major Wetting agent Companies
  • Technology
  • Value Chain

Evaluation of Regions includes

  • North America Market of Wetting agent (U.S., Canada)
  • Latin America Wetting agent Market (Brazil, Mexico, and Rest of Latin America)
  • Western Europe Market of Wetting agent (Italy, Germany, France, U.K, Nordic countries, Spain, Netherlands, Belgium, Luxembourg and Rest of Western Europe)
  • Eastern Europe Market of Wetting agent (Russia Poland, and Rest of Eastern Europe)
  • Asia Pacific Wetting agent Market (China, ASEAN, India, Australia & New Zealand)
  • Japan Wetting agent Market
  • Middle East and Africa Market of Wetting agent (South Africa, GCC, and Rest of MEA)

The wetting agent market report is a synopsis of primary data gained by assessing the market in a qualitative and quantitative way. This data is acquired by the research analysts, industry experts and participants across the value chain. The in-depth evaluation of the parent market trends, macro-economic indicators, factors governing the market, and segment-wise market attractiveness are all included in the report. The wetting agent market study also traces the impact of the various factors on the regions and market segments.

NVMe Over Fiber Channel Market Growth Set to Surge Significantly During 2021 – 2031

As per the latest survey conducted by FMI, the global NVMe over the fiber channel market is predicted to top US$ 30.36 billion in 2020. In response to the increasing adoption of non-volatile memory express (NVMe) over fiber channels by data centers, telecom service providers, and enterprises, the market is estimated to surpass US$ 255.64 billion by the end of 2031.

Historically, the market registered growth at 20.8% from 2016 to 2020. It is expected to register growth at an accelerated pace as end users exhibit higher inclination for the solid-state drive (SSD), as it offers better encryption and faster data transfer speed than traditional SSDs, which is in turn, spurring the sales of NVMe devices. As per FMI, the market is expected to grow at a CAGR of 23.7% during 2021-2031.

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Rising integration of advanced technologies such as the internet of things, machine learning, and cloud computing across organizations has increased the overall volume of data created, captured, consumed, and copied across the world.

Steered by the staggering volume of data generated across enterprises, the demand for efficient data processing technologies and optimized storage solutions such as NVMe is predicted to increase significantly. Driven by this, the sales of NVMe over the fiber channel are expected to increase by year-on-year growth of 22% in 2021.

In terms of enterprise size, the small and medium-sized enterprises (SMEs) segment is anticipated to register the fastest growth, expanding at a CAGR of 24.9% over the forecast period. This can be attributed to the increasing number of small and medium-size data processing and networking companies, especially, across North America and Asia Pacific.

“Rapidly changing computing dynamics for developers of laptops, computers, and tablets along with increasing demand for secured intellectual data storage devices across IT & telecom and banking, financial services and insurance industries are expected to accelerate the market growth in the coming year,” says the FMI analyst.

Key Takeaways from the NVMe over Fiber Channel Market Analysis

  • Sales for NVMe over fiber channel in the U.S. is expected to total US$ 5.19 billion in 2021, rising at a CAGR of massive CAGR of 21.8% between 2021 and 2031.
  • The market in China is estimated to reach US$ 2,211.7 million, surging at a staggering CAGR of 25.3% through 2031.
  • Germany is projected to emerge as the most lucrative market in Europe, reaching a valuation of US$ 17.5 billion by the end of 2031.
  • Japan and South Korea markets are forecast to account for 33.5% and 25.2% of the value share, respectively, in East Asia by 2021.
  • Based on end user, the data center vendor is anticipated to lead the segment, accounting for nearly 37.4% of the overall sales in 2021.

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Key Drivers

  • Increasing adoption of NVMe for big data analytics, blockchain, and artificial intelligence (AI) across data-driven organizations owing to its lower latency and faster data movement is driving the market growth.
  • Growing data generation, spurred by the rising smartphone penetration and growing number of internet users across the world is expected to propel the demand for NVMe over fiber channels.

Key Restraints

  • High cost of NVMe devices compared to traditional ones is hampering the growth of the market.
  • Lack of compatibility of NVMe in smartphones and computers & laptops with older motherboards is hindering the market growth.

Competitive Landscape

Leading companies in the market are Intel Corporation, Samsung Electronics Co., Ltd., Western Digital Corporation, Dell EMC, Hewlett Packard Enterprise, and IBM, are the top NVMe over fiber channel vendors.  These players are anticipated to account for more than 60% of the total sales in the landscape.

Leading players are extensively investing in research and development activities for the optimization of novel devices and technologies. Besides this, some of the key companies are focusing of new product launching to expand their product portfolio. For instance,

  • In 2020, Intel Corporation, an American multinational corporation and technology company, announced investing US$ 13.6 billion in the research and development initiatives for optimization of the process technology, advancement in 5G technology, and PC and data-centric businesses.
  • In February 2018, Intel Corporation announced launching its two new products, Intel SSD DC P4510 Series and P4511 Series. The products launch is aimed to assist the company in expanding its product portfolio in data center applications.

Leading players operating in the market profiled by FMI are:

  • Intel Corporation
  • Samsung Electronics Co., Ltd.
  • Western Digital Corporation
  • Dell EMC
  • Hewlett Packard Enterprise
  • IBM
  • Cisco Systems Inc.
  • Microchip Technology Inc.
  • Broadcom Inc.
  • Marvell Technology Group

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More Valuable Insights on NVMe over Fiber Channel Market

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

By Product:

  • NVMe All-Flash Storage Arrays
  • NVMe Switch Adapters
  • NVMe SSD
  • Others

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By End User:

  • Data Centers Vendors
  • Networking Vendors
  • Telecom Service Providers
  • Government
  • Enterprises
  • Others

By Region:

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

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Key Questions Covered in the Report

  • The report offers insight into NVMe over fiber channel market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for NVMe over fiber channel market between 2021 and 2031
  • NVMe over fiber channel market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • NVMe over fiber channel market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore FMI’s Extensive Coverage on Technology Domain

Glass Fiber Reinforced Plastic (GFRP) Composites Market : Glass fiber is a lightweight and durable fiber produced from very fine fibers of glass. As compared to carbon fibers, glass fibers exhibit low brittleness and the fibers of glass used for their production are more cost effective.

Staple Fibers Market : Staple fibers are all natural fibers except for the silk that are twisted together to form yarns. Staple fibers vary in length and available in a wide range of compositions. Staple fibers can be manufactured either from wool, raw cotton, flax or hemp. The most common raw material used for manufacturing staple fiber is wool and cotton.

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.

Magnetic Drive Pump Market to Witness Significant Incremental Opportunity during 2021-2031

As per Future Market Insights (FMI), the global magnetic drive pump market is projected to rise at a CAGR of 5.3%, totaling US$ 807.9 Mn in 2021. Despite stagnant sales amid the COVID-19 pandemic, the magnetic drive pumps market registered 4.4% year-on-year in 2021.

Rising awareness about the need to reduce process-fluid leakage in the chemical and municipal wastewater industries is boosting magnetic drive pumps sales. Among various casing materials, stainless steel is extensively used owing to its wide range of benefits such as the reduced initial expenditure required for installation of the pump and low operational cost with better quality. As per FMI, the stainless-steel segment will account for over 41.3% of the market share.

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The market will continue gaining from the increasing application of magnetic drive pumps in wastewater treatment. FMI also has estimated that among various applications, the water treatment segment accounts for 14.6% of the global market share.

Among various pump types, centrifugal pumps are gaining traction on the back of increasing demand from the Asia Pacific, which in turn pushing magnetic drive pumps sales. According to the study, centrifugal pumps are likely to retain their dominance, accounting for over 52.1% of global sales.

Growth prospects are likely to remain positive in China market on account of improving scope for application in the mining and construction industries. As per FMI, the China market is estimated to reach a valuation of US$ 125.5 Mn by the end of 2031. The U.K. also is emerging as a highly lucrative market driven by increasing demand for heavy machinery and equipment from the mining and construction industry.

“Increasing mining and construction projects across the globe is driving magnetic drive pumps’ demand. Leading market players are focusing on offering a slew of innovations to cater the specific needs of various industries,” said an FMI analyst

Key Takeaways from Magnetic Drive Pump Market Survey

  • China is estimated to emerge as one of the most lucrative pockets, accounting for over 39.2% of the East Asia market in 2021.
  • India is estimated to account for over 31.1% of sales in South Asia Pacific through the assessment period.
  • South Korea and Japan collectively are expected account for over 8% of the global market share between 2021 and 2031.
  • The Europe market is projected to grow by 5% in 2021.
  • The global magnetic drive pump market in Asia Pacific is projected to exhibit growth at 6.9% CAGR over the forecast period 2021-2031.

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Key Drivers

  • The increasing importance of water recycling is creating lucrative opportunities for magnetic drives sales across the globe.
  • The demand for remote operated pumps is expected to soar across industries, creating sales opportunities for magnetic drive pump market.

Key Restraints

  • Lack of skilled professionals in the field is hampering magnetic drive pumps sales.
  • Stringent regulatory policies imposed on mining and construction industries to curb the pollution and encourage investment in novel technologies might hamper growth in the long run.

Competitive Landscape

Magnetic drive pumps manufacturers are focusing on strategic partnerships and acquisitions to strengthen their market footprint globally. Also, they are investing in novel product launches to expand their product portfolio.

For instance, in 2020, Blackmer® a Dover company and a global leader in specialty pumps and reciprocating compressor technologies announced the launch of new MAGNES Series Sliding Vane Magnetic Drive Pumps.

In 2021, The Verder Group announced that it has acquired the Jabsco rotary lobe pump product line from Xylem Inc. This acquisition will further consolidate Verder’s position in hygienic pumps for food and beverage and pharmaceutical applications.

Some of the leading players operating in the magnetic drive pump market profiled by FMI are:

  • Ebara Corporation
  • Flowserve Corporation
  • Kirloskar Brothers Limited
  • ITT Goulds Pumps Inc.
  • Iwaki Co Ltd.
  • Klaus Union
  • March Manufacturing
  • Ruhrpumpen Inc.
  • Sundyne LLC
  • Xylem Inc.
  • PRECISION ENGINEERING CO.
  • Grosvenor Worldwide Private Limited
  • GCA Energy
  • Magnatex Pumps, Inc.
  • Grundfos
  • TEIKOKU ELECTRIC MFG. CO., LTD.
  • ELEPON E.C.A.P. Corporation
  • NIKKISO EIKO Co., Ltd.

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More Valuable Insights on Magnetic Drive Pump Market

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

By Pump Type:

By Flow Rate:

  • Up to 80 m3/hr
  • 81 – 200 m3/hr
  • 201 – 500 m3/hr
  • Above 501 m3/hr

By Casting Material:

  • Stainless Steel
  • Alloy
  • Engineering Plastic
    • PP
    • ETFE
    • PFA
    • CRETFE

By Application:

  • Mining
  • Chemical Manufacturing and Processing
  • Bio-Fuels and Refineries
  • Metal Plating and Finishing
  • Fume Scrubbing
  • Food Processing
  • Water Treatment
  • Surface Treatment
  • Desalination
  • Others

By Region:

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

Key Questions Covered in the Magnetic Drive Pump Market Report 

  • The market survey also highlights projected sales growth for magnetic drive pump market between 2021 and 2031
  • The report offers insight into magnetic drive pump demand outlook for forecast period 2021-2031.
  • Magnetic drive pump market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Magnetic drive pump market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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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.

Galactose Market Is Expected To Rise At A 5.6% CAGR, With The Market Valuation Projected To Reach Of US$ 45,112.9 Mn In 2031

As per a recent market analysis by Future Market Insights (FMI), demand for galactose is expected to rise at a 5.6% CAGR, with the market valuation projected to reach of US$ 45,112.9 Mn in 2031. Changes in consumers’ eating habits, along with increasing consumption of ready-to-eat meals due to hectic lifestyle and busy schedules are some trends driving sales of galactose in the food and beverage industry.

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Owing to high demand, manufactures operating in the packaged food sector are incorporating galactose as an alternative to chemically processed sugar. In addition to this, expansion of the vegan population, and high focus on wellness-based products will continue fueling sales of galactose over the forecast period.

Rising awareness regarding usage of artificial and synthetic sugar in food and beverages spurring demand for galactose. Consumption of synthetic sugar results in health disorders such as high blood pressure, excessive weight gain, and increased risk of heart related disorders. In response to this, manufacturers are investing in research and development activities to launch plant-derived galactose in the market.

In addition to this, increasing demand for galactose from the personal care industry is anticipated to bode well for the market. Galactose is an exfoliant, which removed dead cells, minimizes pores, and doesn’t increase sun exposure, making it a vital ingredient in skincare products. This trend is anticipated to continue over the forecast period, resulting in high demand for galactose.

“Increasing demand for ingredients derived from organic sources and transparency of ingredients list in food products will continue fueling sales of galactose over the forecast period,” says the FMI analyst.

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Key Takeaways:

  • Crystal type of galactose is estimated to hold over half of the market in 2031.
  • Based on product type, D-Galactose is expected to account for lion’s share of the total galactose sales in 2021.
  • In terms of source, plant-derived sugar is anticipated to command the galactose market share.
  • Sales of galactose in India are projected to rise at a robust 8.1% CAGR over the forecast period.
  • The U.S. is estimated to account for more than 81% of the North America market in 2021.

The U.K. is projected to dominate the Europe galactose market with a market share of 14.8% in 2021.

Galactose Application in Personal Care Industry Creating Opportunities for Market Growth

Galactose has many anti-inflammatory and probiotic properties. These properties make it ideal for inclusion in exfoliating and nourishing skincare products. Galactose belongs to the PHA family of chemical exfoliants, which is a new generation of well-known AHAs and BHAs.

PHAs mildly exfoliate the skin, making them suitable for usage on all skin types.

It can help minimise the appearance of dark spots and hyperpigmentation, and unlike other chemical acids like AHAs, it doesn’t increase sun exposure.  All these factors are leading to a higher application of galactose in the personal care industry.

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Competitive Landscape

Some of the leading companies offering galactose are Thermo Fisher Scientific Inc., Merck KGaA, Kyowa Hakko Kirin Co., Ltd., Kyowa Hakko Kirin Co., Ltd., Suven Life Sciences Ltd., Nacalai Tesque Inc., Cayman Chemical Company, Inc., Anhui HeGeng Biotech Engineering Co., LTD., Tereos Starch & Sweeteners s.a.s, Cambridge Isotope Laboratories, Inc., and others.

Key players operating in the global galactose market are focusing on reaching a large consumer base by targeting emerging countries such as China, India, and Brazil. As a part of their growth strategies, players are investing in research and development to launch innovative plant-derived galactose products. Besides this, mergers, acquisitions, and strategic collaborations are expected to aid market players in expanding their global footprint over the forecast period. For instance:

  • In March 2018, Kyowa Kirin Asia Pacific Pte. Ltd. announced the establishment of its Australian subsidiary, known as Kyowa Kirin Australia Pty. Ltd. With this establishment, the company aims to launch Kyowa Hakko Kirin’s products in the country.