Wine Barrel Market Size, Share, Future Road-map, Technological Innovations & Growth Forecast To 2021-2029

Worldwide sales of wine barrel are projected to reach the value of ~US$ 4 Bn by the end of 2019. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered brands are assisting consumers in finding unknown wine and beverage alcohol products as well as locally generated flavors to create a remarkable growth of the wine barrel market.

The wine barrel market is valued at US$ 4.41 Bn in 2021. It is set to grow at 5% CAGR through 2029.

The global wine barrel market will register a healthy CAGR during the forecast period, 2019 – 2029. The demand for wine barrel continues to rise on broader accessibility, owing to rising consumption of wine and related products due to health benefits as these help enhance mental health and heart condition and protect against formation of cancer cells in human body.

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Key Takeaways – Wine Barrel Market Study

  • Since the last decade, the wine barrel market has become fruitful in Europe, especially in France, Germany, and Italy, due to strong sales of spirit and wine barrel in the U.S. market.
  • The USA is still prominent in the wine market, with the latest figures showing the country with substantial wine consumption of ~33 million hectoliters.
  • Highly expensive French oak wine barrels and stainless steel wine barrel are alternatives that limit market growth for wine barrels.
  • The stable demand for oak wood wine barrel is projected to suffer from an increase in stringent regulations against cutting of trees and frequent forest fires.
  • In spite of the high cost of French oak wine barrel, the demand for the same is expected to increase at a CAGR of ~5% during the forecast period.
  • As compared to developing economies, the sales of the wine barrel are anticipated to be higher in countries of North America and Western Europe.

With superior alternatives cropping up in the market, manufacturers must focus on rebranding their products and position themselves ahead of competitors to capture a significant market share.

Emergence of Stainless Steel Barrels and Tanks as Alternative

Over the last few years, stainless steel wine barrels are precisely design and develop by manufacturers to meet the need of winemakers in all stages of development, fermentation, maturation, and storage of wine. The actual duration in the usage of oak wine barrel by winemakers is three to five years. Once the functional properties of the barrel reduces, winemakers have to dispose used barrels. However, stainless steel barrels are portable, durable, reusable, easy to clean, and maintain.

From the profitability point of view, winemaking is getting costlier day by day. Therefore, wineries are aging their wine in stainless steel barrels and tanks progressively. When the less oaky wines are needed, winemakers use oak wine barrel alternatives in the form of chips, powder, and blocks. Stainless steel is considered as sustainable alternatives to wine barrel as it is one of the world’s most widely recycled material.

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Wine Barrel Market: Segmentation

The global wine barrel market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.

Oak

  • French Oak
  • American Oak
  • Eastern European Oak

Toast Level

  • Light Toast
  • Medium Toast
  • Medium Plus Toast
  • Heavy Toast

Capacity

  • Barrique
  • Hogshead
  • Puncheon
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

Wet Wipes Market – Growth, Statistics, By Application, Production, Revenue & Forecast To 2031

According to a recent study by Future Market Insights (FMI), the sales of wet wipes are expected to top US$ 3.7 Bn in 2021, growing at a CAGR of over 7.6% during the forecast period (2021-2031).

Increasing health-care related issues and the rising prevalence of infectious diseases and skin-related problems have increased concerns among general population. As a result, awareness with regards to the adoption of personal care and hygiene practices is at all time high.

Regular usage of sanitizer, wet wipes, and tissues for cleanliness and maintaining proper hygiene has positively affected the wet wipes market. With various wet wipes options available in the market, catering to diverse purposes such as incontinence wet wipes- for urinary incontinence, sterile wound cleansing wet wipe- for cleaning wounds, and skin care wet wipe- for regular use; growth prospects for future remains optimistic.

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Traditionally, products such as soap, face wash, cleansing milk, and others which are already available in the market have been in use for personal hygiene for generations. But factors such as easy handling, convenience while travelling, achieving cleanliness of hand and face without using water have buoyed consumer inclination in favor of wet wipes.

Companies specializing in wet wipes have been focusing on developing more innovative products such as fragrance- filled wet wipes, environment-friendly, and biodegradable wet wipes and using wood pulp and cotton to avoid harmful effect on sensitive skin.

Government as well as private companies are involved in specialized marketing campaigns to address the need for wet wipes. Furthermore, mergers, acquisitions and collaboration are undertaken by companies to increase the product portfolio as well as reach. All these factors are expected to create demand for wet wipes.

Key takeaways from Wet wipes Market study

  • By product, incontinence wipes constitute the most lucrative segment in terms of revenue. The demand for incontinence wipes is expected to increase at a CAGR of over 7% 2021-2031.
  • By disposability, non-flushable wipes segment will hold a revenue share of around 75% in 2021 and is expected to follow the similar growth trend in the future.
  • By application, skin care wipes segment holds the largest share and will continue to dominate this segment in the forecast period.
  • In terms of end user, hospitals are leading the market and are expected to gain more than 25% of revenue share over the forecast period.
  • North America will dominate the global wet wipes market in terms of revenue in 2021, followed by Europe region.
  • India is dominating the South Asia wet wipes market, accounting for nearly 29% of global market share in 2021.
  • China holds leading position in East Asia and is expected to account for nearly 40% of market share.

“Steered by changing consumer preference, market players are rethinking sources of materials used for wet wipes manufacturing. Their focus is shifting towards more sustainable and biodegradable options to reduce the burden of wet wipes disposal on the environment. This will present attractive opportunities for growth of the market in the near future,” said a lead FMI analyst.

Who is winning?

Some of the leading manufacturers of wet wipes are focusing on innovative product launches, specialized marketing campaigns, mergers, acquisitions and partnership strategies, thereby enhancing their market presence.

  • In February 2018, Procter & Gamble Co. announced the acquisition of Snowberry, a New Zealand-based skincare company which specialized in natural ingredient products.
  • In August 2020, Kimberly-Clark’s brand Pull-Ups launched a product, New Leaf™. Pull-Ups® New Leaf™ is made with plant-based ingredients like sugarcane and fluff pulp, carefully selected and crafted to provide the high level of protection.
  • In February 2018, Stryker completed the acquisition of Entellus Medical, a medical technology company and strengthen Stryker’s personal care product portfolio.

The key market players covered by FMI include Essity Aktiebolag (publ), Kimberly-Clark, Procter & Gamble, Cardinal Health, Medtronic, Stryker, Coloplast, Hindustan Unilever Ltd., Medline Industries Inc., ConvaTec Inc., The Himalaya Drug Company, Domtar Corporation, Johnson & Johnson Private Limited, Hollister Incorporated and Godrej Consumer Products Limited.

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Key Points Covered in Wet Wipes Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Wet Wipes Market and How to Navigate
  • Recommendation on Key Winning Strategies

Global Cardiac Biomarker Diagnostic Test Kits Market Is Slated To Top US$ 1.8 Bn By The End Of 2022

According to the latest market report published by the company titled ‘Global Cardiac Biomarker Diagnostic Test Kits: Global Industry Analysis 2013–2021 and Opportunity Assessment, 2021–2028’, the global cardiac biomarker diagnostic test kits market is projected to expand at a CAGR of 5.1% during the forecast period 2021–2028 and reach US$ 2,540.8 Mn by the end of 2028.

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Global Cardiac Biomarker Diagnostic Test Kits Market: Dynamics

Chest pain is a common emergency department (ED) presentation accounting for 8–10 million visits per year in the U.S. The increasing number of patient visits in the emergency department is expected to create growth opportunities for the cardiac biomarker diagnostic test kits market. Obesity has become a global health challenge in the past few decades, with every sixth person being obese. According to the WHO, the number of obese population around the globe has doubled in the last two decades.

The growing obese population, which is at a high risk of developing cardiovascular diseases, is expected to consequently increase the demand for cardiac biomarker diagnostic test kits. Moreover, the leading manufacturers of cardiac biomarker diagnostic test kits are focusing on collaborating with universities and associations to develop and expand their product portfolio. On the other hand, less availability of novel cardiac biomarker diagnostic test kits due to tedious approval procedures is expected to hamper the growth of the cardiac biomarker diagnostic test kits market over the next decade.

Global Cardiac Biomarker Diagnostic Test Kits Market: Forecast

The global cardiac biomarker diagnostic test kits market is segmented on the basis of product type, indication, end users and regions. On the basis of product type, the cardiac biomarker diagnostic test kits market has been segmented into Brain Natriuretic Peptide (BNPs) Test Kits, Creatine Kinase MB (CK-MB) Test Kits, Troponin (I&T) Tests Kits, Myoglobin Test Kits and other test kits.

By product type, the BNP test kits segment dominated the global cardiac biomarker diagnostic test kits market with market value of US$ 682.9 Mn in 2017, and is expected to be the most lucrative segment throughout the forecast period. The BNP test kits segment in the global cardiac biomarker diagnostic test kits market is also projected to be the fast-growing segment, and to grow at CAGR of 6.8% over 2021–2028.

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On the basis of indication, the cardiac biomarker diagnostic test kits market is segmented into Angina Pectoris, Acute Myocardial Infarction, Congestive Heart Failure, and others. By indication, the Angina Pectoris is expected to be the most lucrative segment in the cardiac biomarker diagnostic test kits market, and is estimated to account 45.2% value share in 2018 and to account for 41.4% value share by 2028 end, growing at a CAGR of 3.6%. The congestive heart failure segment by indication is expected to be the fast-growing segment in the cardiac biomarker diagnostic test kits market. The congestive heart failure segment is projected to grow at a CAGR of 6.7% over the forecast period to reach a market value of US$ 357.8 Mn by 2028.

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On the basis of end users, the cardiac biomarker diagnostic test kits market has been segmented into hospitals, diagnostic laboratories, outpatient clinics, academic and research institutes. The diagnostic laboratories segment is expected to dominate the global cardiac biomarker diagnostic test kits market in 2018 as a large number of patients visit diagnostic laboratories for the diagnosis of cardiovascular disease. Revenue from the diagnostic laboratories segment is expected to increase at a CAGR of 5.9% over 2021–2028, to reach US$ 997.4 Mn by 2028.

On the basis of region, the cardiac biomarker diagnostic test kits market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, China, Japan and Middle East & Africa. North America dominated the global cardiac biomarker diagnostic test kits market with maximum value share in 2017. Chest pain is a common emergency department (ED) presentation in the region accounting for 8–10 million visits per year in the U.S., among which 20% of patients are diagnosed with the help of cardiac biomarker diagnostic test kits for cardiovascular diseases.

One-third share of the cardiac biomarker diagnostic test kits market by value is accounted by the U.S. due to increasing prevalence of cardiovascular diseases and rising adoption of cardiac biomarker diagnostic test kits. APECJ is expected to be the fast-growing regional markets for cardiac biomarker diagnostic test kits due to increasing number of obese population and expansion strategies followed by the key manufacturers in the region. Latin America and MEA are expected to witness sluggish growth in the global cardiac biomarker diagnostic test kits market due to low awareness regarding the benefits of cardiac biomarker diagnostic test kits for the diagnosis of cardiovascular diseases.

Cosmetology Market – Notable Developments, Potential Players & Worldwide Opportunities 2027

Cosmetology is the study of beauty, treatments and its applications. There are various branches of specialty in the cosmetology market, i.e. hairstyling, skin care, cosmetics, manicure/pedicure, and others. Cosmetology or Aesthetics is an inclusive term for specialties which focus on improving appearance through cosmetic procedures. Cosmetology market is primarily focused on the increasing demand by the end users, and lowering of pricing for implants and surgeries and high efficiency of the method.

Cosmetology market is driven by new product innovation and new technologies as end users focus on new methods of skin and hair enhancement, healthcare expenditure, rising disposable income, and the emergence of technologically superior products. In addition to this cosmetology market is growing due to the rising awareness among end users towards breast cancer, mastectomy, has also impacted the cosmetology market. However, as the cosmetology market progresses, there are associated risks such as the risk of failure, associated malfunctioning of the implants, high prices of the surgery, regulatory scenario to maintain the standards of the implants used and cosmetic implants. Cosmetology market is also facing significant challenges as the government does not grant reimbursements. Also, not many initiatives are taken by the government of incentives. A major drawback which cosmetology industry faces is that the insurance does not cover the costs of cosmetology procedures.

Cosmetology market has multiple opportunities such as the development of low-cost implants by major companies.

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Cosmetology Market: Region-wise Outlook

Based on geography, the cosmetology market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. At present, North America holds a leading position in the cosmetology market followed by Europe. The major driving factors which have driven the growth of the cosmetology market in these regions are continuously increasing demand from the end users for new methods of enhancements and continuous improvements in the cosmetology market. Following North America, European countries are also anticipated to show steady growth in the cosmetology market. In the next few years, Asia-Pacific would show remarkable growth in the cosmetology market as it is developing at a very rapid pace and has shown the emergence of many regional players. The factors which would fuel the growth of cosmetology market in Asia-Pacific are increasing awareness regarding various medical procedures, increase in the number of key players and rapid development in the healthcare infrastructure across the Asian countries. Cosmetology market would evolve at a rapid rate across the regions, however, North America would maintain its position in the overall cosmetology market.

Cosmetology Market: Key Players

In the past decade, the cosmetology market has witnessed a massive influx of well-established players which provide raw materials in the cosmetology market. Some of the top players operating in the cosmetology market are GC Aesthetics, Mentor Worldwide LLC, Sientra Inc., Zimmer Holdings Inc., 3M Health Care, Allergan, Inc., Implantech Associates Inc., Institut Straumann AG, Nobel Biocare Holding AG, Spectrum Designs Medical, and many others. Cosmetology market has the presence of many regional players which have a huge market share in emerging countries.

The report covers exhaust 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)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The 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.

Cosmetology Market: Segmentation

Cosmetology market can be segmented by various types of procedures offered for skin care:

  • Surgical
  • Non-Surgical

Cosmetology market has a broad scope due to the various applications of the procedures offered. By the different procedures we can segment the market into the following:

  • Hair transplant
  • Buttock Augmentation and Reduction
  • Breast Augmentation and Reduction
  • Cosmetic Reconstruction
  • Others

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth Polishing / Lapping Film 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.

Variable Data Printing Market Research Report 2022 – Global Forecast till 2030

The expansion of retail industry and increasing expenditure on labelling and tagging across all products is driving the variable data printing (VDP) market. Future Market Insights states that the healthcare and food and beverage sectors will remain exceptionally important to growing usage of variable data printing as consumers seek clear, detailed labelling.

The product labelling segment of the market will soar during the forecast period as end users often seek flexibility while printing labels. Customization of artwork, data, and content without hampering the mass printing process makes variable data printing a preferred choice. The global variable data printing market is anticipated to exhibit a CAGR of 12% during the forecast period of 2020-2030.

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Focus on RFID labels and tags will win players in the variable data printing market substantial profits. These labels are expected define smart, agile supply chains, catering to fast-changing retail trends for greater customer satisfaction. Moreover, providing RFID tags can resist adverse conditions such as moisture and high temperature and are less expensive compared to other substitutes, which will benefit the end users of RFID segment in the coming years, says an FMI analyst.

variable data printing market key regions and industry mekko chart

Key Takeaways of Variable Data Printing Market Study

  • North America is expected to hold a significant share in the global variable data printing market as adoption of RFID labels and creative labeling increases
  • Accelerated adoption of variable data printing in the food & beverage industry will propel growth of variable data printing by 13% during forecast period
  • Barcodes and QR code printing is expected to hold a significant share of 36% during forecast period in the global market as digital wallets become the new normal for making payments
  • Retail and CPG segment will exhibit a CAGR of 18.5% between 2020 and 2030 in South Asia & Pacific variable data printing market creating potential growth opportunities for vendors

COVID-19 Pandemic Impact Analysis

With the supply of only essential goods and restricted movement, the lockdown has had a massive impact on the global printing industry, bringing it to a near-standstill. Only a handful of companies have been able to continue operations with 20-25% staff, slowing operations and creating uncertainty of business.

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While manufacturing companies have been allowed to run at 50 percent capacity, most label printing companies are running at as low as 15-20% production capacity. In the past 5 years, the market for variable data printing has grown by almost 10% globally. However, the COVID-19 outbreak is expected to cause a shift these statistics as demand from non-essential items such as clothing and cosmetics is projected to drop.

On the other hand, analysts project that the demand for variable data printing will remain high in the pharmaceuticals and food & beverages sectors in Q2 2020, a trend that will continue through Q3 and Q4 2020. The indispensable need of products these sectors manufacturer, impeccable logistics built by e-commerce industry to make them available to end users, and smart tracking with RFID labelling could offset the losses the market is expected to suffer.

Restaurants Add to Food & Beverages Industry’s Contribution Variable Data Printing as Branding becomes Essential

The food & beverage segment will hold a lion’s share in the market as consumption of processed and packaged food increases amidst the pandemic. Growing demand for ready-to-eat food items, especially in South Asia & Pacific region is expected to boost the demand for variable data printing.

Emerging economies, such as India and ASEAN countries, have been observing a boost in its retail food industry, as well as in the adoption of on-the-go food consumption trends. As takeaways are slated to rise with restaurants discouraging dine-ins to avoid cross-contamination, packaging is expected to play a critical role for restaurants in building brands. Collectively, these factors are expected to help the market proceed at a significant pace during the forecast period.

More Valuable Insights on Variable Data Printing Market

Future Market Insights offers an unbiased analysis of the global variable data printing market, providing historical data for 2015-2019 and forecast statistics from 2020-2030. To understand opportunities in the variable data printing market, the market is segmented on the basis of component, application, and industry across major regions.

About Electronics, Semiconductors, and ICT Division at Future Market Insights

Expert analysis, strategic recommendations, and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients worldwide with their unique business intelligence needs. With a repository of 500+ reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on IT software, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry

Variable Data Printing Market: Segmentation

The global variable data printing market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Component

  • Variable Data Printing (VDP) Machine
  • Variable Data Printing (VDP) Software
  • Services
    • Personalized Printing Services
    • Support Services

Application

  • Barcodes/QR Code Labels Printing
  • Advertising Stickers Printing
  • Plastics Cards/PVC Printing
  • Product Labels Printing
  • Others

Industry

  • Retail & CPG
  • Pharmaceuticals
  • Electronics & Electricals
  • Food & Beverages
  • Logistics
  • Others

?Region

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

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Lemon Juice Concentrate Market Landscape Assessment By Type, Opportunities And Higher Growth Rate By 2028

Lemon juice concentrate is obtained by the extraction of the juice from lemons, following which the juice is further heated for some time to remove water, thus resulting in the formation of lemon juice concentrate. Lemon juice concentrate has several applications in the food and beverage industry. Lemon juice concentrate is used while preparing squashes, jams, juices, jellies, etc. Lemon juice concentrate is stored at very low temperature to preserve its nutritive value for a long duration.

Busy lifestyle and increase in awareness about the maintenance of health among consumers are some of the factors that are likely to drive the lemon juice concentrate market. Due to a busy lifestyle, consumers prefer to use food products that are highly nutritive and easy to consume, which has given rise to the trend of consuming juices. Moreover, food and beverage companies are developing a variety of flavours of juices and are looking for safe and nutritive food ingredients that can help enhance the quality of products. Lemon juice concentrate is easy to use, contains minerals, vitamins, etc., and provides a softer taste than lemon powder, due to which it can be used by the manufacturers of food and beverages, which is likely to boost the lemon juice concentrate market.

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Lemon juice concentrate is also available in powder form, owing to which it is easy to handle, store and transport. Some of the major concerns of the food and beverage industry are the quality of products, which is likely to change in case of alterations food ingredients. Hence, players in the food & beverage industry prefer to use food ingredients that have a long shelf-life, due to which lemon juice concentrate is in high demand in this industry.

The production of lemon juice concentrate depends upon the quality and availability of lemons, which is likely to get affected by changes in the weather, and this is likely to act as a major factor restraining the growth of the lemon juice concentrate market. For instance, in 2014, Argentina’s lemon harvest was badly affected due to frost, which affected the production of lemon juice concentrate in the country.

Global Lemon Juice Concentrate: Key Players

Some of the key players in the lemon juice concentrate market are Kiril Mischeff, Döhler, Cobell, CitroGlobe, Lemon Concentrate, SunOpta, Asia Farm F&B Pte Ltd., Prodalim Group and Vinayak Ingredients India Pvt. Ltd. Lemon juice concentrate is incorporated by The Coca-Cola Company in products such as Minute Maid Nimbu Fresh, etc. The company also prepares lemon juice from lemon juice concentrate, which is further incorporated its products, which include Lemonade, Pink Lemonade, Cherry Lemonade, Strawberry Lemonade, etc.

Global Lemon Juice Concentrate: Key Developments

In 2018, Red Bull launched a new line of drinks that have natural and complex flavours. The Ginger Ale drink contains ingredients from natural sources such as organic lemon juice concentrate.

Numerous companies are focusing on developing efficient extraction technology to enhance the nutritive value and the shelf life of lemon juice concentrate.

Opportunities for Lemon Juice Concentrate Participants:

As consumers are focusing on using food products that have nutritive, organic and non-GMO food ingredients, the usage of lemon juice concentrate is likely to increase in the food and beverages industry as it fulfils the consumer requirements, which is likely to boost the lemon juice concentrate market.

Argentina is a leading producer of lemon juice concentrate and has been exporting this product to the U.S., the Netherlands, Japan, and several other countries. Thus, the manufacturers of food ingredients have opportunities to establish their presence in the U.S., Japan, the Netherlands, etc.

Brief Approach to Research

The analysis is performed using a modelling-based approach and triangulation methodology to estimate the data covered in this report. A detailed understanding and assessment of the lemon juice concentrate market in terms of flavour, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated & synthesised at the global level to estimate the overall size of the lemon juice concentrate market.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the Lemon Juice Concentrate, including background and evolution
  • Macroeconomic factors affecting the Lemon Juice Concentrate and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the Lemon Juice Concentrate
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
  • Analysis of the Lemon Juice Concentrate structure, including a tier-wise categorization o key market participants
  • Competitive landscape of the Lemon Juice Concentrate, including detailed profiles of the top players in this market

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 an 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 Lemon Juice Concentrate segments and geographies.

Global Lemon Juice Concentrate: Segmentation:

Lemon juice concentrate segmentation on the basis of the form:

  • Liquid
  • Powder

Lemon juice concentrate segmentation on the basis of nature:

  • Organic
  • Conventional

Lemon juice concentrate segmentation on the basis of the end use:

  • Food industry
  • Baby foods
  • Confectioneries
  • Bakery products
  • Others
  • Beverages
  • Others (e.g. Nutraceuticals, etc.)

Lemon juice concentrate segmentation on the basis of the distribution channel:

  • Online retail
  • Supermarkets
  • Others (e.g. specialty stores, etc.)

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Report Highlights:

  • Detailed overview of parent market
  • Changing Lemon Juice Concentrate 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 Lemon Juice Concentrate performance
  • Must-have information for market players to sustain and enhance their market footprint

 

OTC (over-the-counter) pain medication market surpassed US$ 18 billion in 2018

The OTC (over-the-counter) pain medication market surpassed US$ 18 billion in 2018, with growth influenced by changing perceptions on generic pharmaceutical drugs, according to a recent study published by Future Market Insights (FMI). The study opines that market revenue will rev up at an improved rate of 3.7% to exceed US$ 19.3 billion in 2019. FMI analyzes various aspects of market growth influencing the OTC pain medication market.

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Many consumers are making a shift to generic drugs to reduce total spending on non-prescription or OTC pain medication. Various governing bodies, such as the United States Food and Drug Administration (FDA), have implemented stringent regulations and labeling rules to ensure the safety and effectiveness of OTC pain medications. Leading players in the OTC pain medication market are collaborating with generic drug-makers to capitalize on the trend of consumer inclination towards generic versions of branded OTC pain medications, finds FMI.

The FMI study features valuable and actionable insights obtained through thorough research on OTC pain medication market. Some of the insights mentioned in the study are,

  • Growing geriatric population and prevalence of chronic pain-related disorders among the elderly population is bolstering sales of OTC pain medications.
  • Over 20% of the adult population of the world is already suffering from pain-related disorders and new cased of pain-related problems are reported by over 10% of the global population, which is increasing significantly every years. This is providing an impetus to growth of the OTC pain medication market.
  • Increasing awareness about the side effects of pain killers, such as stomach ulcers and gastrointestinal problems, may hamper the OTC pain medication market growth.
  • Developed countries will dominate the OTC pain medications market with more than half the revenue share of the market. However, developing countries in Southeast Asia will witness fastest growth in the OTC pain medication market with rapidly developing pharmaceuticals and healthcare sector in the region.

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Acetaminophen Drugs Hold Majority Share in OTC Pain Medication Market

The FMI study thoroughly assesses growth of the OTC pain medication market based on various drug classes, such as Nonsteroidal anti-inflammatory drugs (NSAIDS), acetaminophen, and local anesthetics. The study finds that acetaminophens are among the most commonly purchased OTC pain medication, and this drug class holds 45% share in the revenues of OTC pain medication market. As acetaminophen is considered as a safer pain medication than other pain relievers, its demand will continue to remain high in the upcoming years, opines the FMI study.

The Consumer Healthcare Products Association (CHPA), an American trade association, recently published a study on the misuse of acetaminophen-based OTC combination products. The study found that a 28 percent decline was recorded in therapeutic misuse exposures involving acetaminophen-containing OTC combination products. The incidents of acetaminophen misuse decreased from 8,753 to 6,278 between 2007 and 2016, which is a substantial evidence for the safety and effectiveness of acetaminophen-containing OTC pain medications.

Thereby, the FMI study opines that the acetaminophen drugs will maintain a maximum share of over US$ 8.7 billion in the OTC pain medication market through 2019, and the trend will continue to persist in the coming future.

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Governments take Initiatives to Spread Awareness about Safe Use of OTC Pain Medications

Despite the increasing reliance on OTC pain medications, a large consumer group is still skeptical about their effectiveness and positive impacts on health. In order to help consumers to avoid incorrect use of OTC pain medications, many governing bodies including FDA have developed guidelines and tips for patients for choosing appropriate OTC pain medications. Consumers are becoming conscious about the drug fact labeling (DFL) requirements and other regulations vis-à-vis OTC pain medications, which is influencing major dynamics of the OTC pain medication market, projects the FMI study.

Mini Cranes Market 2022 | Present Scenario and Growth Prospects 2031

The growing demand compact cranes in various industries such as steel industry, oil & gas, automotive sector, construction, and others is anticipated to drive the mini crane market. Application in glass glazing activities will create growth opportunities. According to a study by Future Market Insights, the global mini crane market is expected to expand at a CAGR of 6.0% during the forecast period from 2021 to 2031.

Among various types of mini cranes sold, spider cranes will remain highly sought-after. Their application is forecast to increase in various industries due to their compact size and impressive maneuverability. Construction sector is anticipated to remain one of the key end users.  Nearly 65% of mini cranes sold in 2021, will concentrate in this sector.

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Mini cranes are considered ideal solutions for carrying materials during residential construction. It is their specialty to easily access edge of cliffs while navigating through courtyards, which bigger cranes cannot do. Within plants and factories, mini cranes are used for material lifting in places where bigger cranes cannot enter.

global mini cranes market key regions and product type mekko chart, 2021

While demand from various industries will continue rising, maximum users are likely to prefer rented mini cranes than directly owned ones. This is seen as an ideal solution for cost-saving while getting the job done. With expansion of industries forecast to continue, despite hitting a roadblock amid pandemic outbreak, sales of mini cranes are expected to surge in the near future.

Key Takeaways of Global Mini Crane Market Study

  • Mini cranes sales will continue rising, enabling the market to reach a valuation of US$ 408.1 Mn in 2021
  • Government stimulus towards construction activities is presenting growth opportunities in the U.S., which will account for over 68% of sales in North America
  • Recovering industrial activities is favoring sales in the U.K., which will account for over one-fourth sales in Europe
  • Germany and France will emerge as other key markets for sale within Europe
  • Presence of some of the leading companies will seal Japan’s dominance in East Asia

“Companies operating in the market are introducing advanced technologies to keep pace with evolving industries. Implementation of connected technologies is one such example that facilitated remote access and monitor. These developments are anticipated to create lucrative opportunities for growth in the future.” says an FMI Analyst.

Demand from various end-use sectors is projected to boost the mini crane sales. Japan, the U.K., and the U.S. are anticipated to remain some of the most lucrative markets around the world. In the coming years, demand is poised to surge as application in disaster management and electrical material handling increases.

However, owing to the pandemic impact in the year 2020, mini crane market witnessed a significant drop in sales due to disruption in the supply chain and decrease in demand. Nonetheless, with industrial activities recovering, albeit gradually, mini cranes sales will surge in response.

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Application across Diverse Sectors Fuelling Demand

The increasing demand for mini cranes from several end-use industries, including construction, steel industry, oil & gas, and power generation among others is expected to drive the market. Dozens of businesses rely on mini cranes to perform heavy lifts in small and hard-to-get-to spaces. Their compact dimensions make them easy to function and move. As a result, they can often replace the need for much bigger cranes. Mini crawler cranes are often used in activities such as steel erection, glazing works, curtain wall installation, and others.

Who is Winning?

The global mini crane market has been identified as a consolidated market, with top players occupying majority of the overall share. Some of the key market participants which are included in the report are Manitex Valla S.r.l., Hoeflon International B.V, Skyjack( Linamar), Microcranes, Inc., R&B Engineering, Promax Access, Jekko s.r.l, MAEDA SEISHAKUSHO CO., LTD, BG Lift, Furukawa UNIC Corporation.

Want to Know More?

Future Market Insights has published a market research report on the global mini crane market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the global mini crane market through different segments, namely by type, by size, application and region. The global mini crane market report also provides supply and demand trends, along with an overview of the parent market.

Mini Cranes Market by category

By Lifting Capacity

  • Up to 1 ton
  • 1 to 1.8 ton
  • 2 to 2.4 ton
  • 2.5 to 4.9 ton
  • 5 to 10 ton
  • 11 to 22 ton

By Type

  • Spider Crane
  • Crawler Crane
    • Articulated
    • Telescopic
  • Pick and Carry Cranes

By Operation

  • Fuel Operated
  • Battery Operated

By End Use Sector

  • Industrial
    • Foundries
    • Power Plants
    • Others
  • Railway Depots
  • Construction
    • Residential & Commercial
    • Industrial
    • Civic Infrastructure
  • Facility Management
    • Commercial
    • Industrial
  • Marine
  • Timber & Lumber
  • Material Handling & Logistics

By Ownership

  • Direct Owned
  • Rented

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Key Questions Answered in the Report

Which is the most lucrative market for mini cranes?

Which country is likely to remain the top producer of mini cranes?

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Acetaminophen API Market: Notable Developments & Geographical Outlook

Acetaminophen API (paracetamol), or Tylenol, is used as in the first-line drug therapy in pain conditions. The API when combined with drug shows antipyretic & analgesics effect. Acetaminophen is found in over the counter (OTC) sensitivity drugs, cold meds, sleep medication, pain relievers and so on.

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The medication can be administered in patients who are bigoted to salicylates and those with hypersensitive propensities, including bronchial asthmatics. It comes under the NSAIDs (nonsteroidal anti-inflammatory drugs) category because of its capacity to repress the cyclooxygenase (COX) pathways.

The Indian government has confined the export of 27 active pharmaceutical ingredients (APIs) and completed portion drugs made with those APIs because of Covid-19. Johnson and Johnson’s (New Brunswick, NJ, US) Tylenol (acetaminophen/paracetamol) is among the medications whose supply chain will be influenced.

The request will influence worldwide pharmaceutical supply chains. India is a crucial area of pharmaceutical manufacturing for the drugs market in different countries. The nation houses drug manufacturing units possessed by contract fabricating associations (CMOs) and others claimed by local and global biopharma organizations for in-house manufacturing.

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Acetaminophen API Market: Drivers and Restraints:

The easy availability of this drug is boosting the growth of the Acetaminophen API market.  Meanwhile increasing usage of drugs for pain-relieving effects is propelling the growth of the Acetaminophen API market. Moreover, rising incidences of accidents, surgeries are further boosting the Acetaminophen API market.

Moreover, people addiction to using these drugs for rapid pain relief also fuelling the growth of the Acetaminophen API market. Additionally, environmental conditions, lifestyle changes & dietary habits modifications are responsible for a variety of disorders which increases the consumption of these drugs.

However, the excessive dosage can cause toxicity which can lead to serious complications such as liver diseases, fertility issues, carcinogenesis & mutagenesis which can hamper the growth of the Acetaminophen API market.

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Acetaminophen API Market: Overview

The usage of acetaminophen grade is higher due to its wide utilisation in the drug development process. While it is widely used in the pharmaceutical industry as a pain killer which offers a lucrative opportunity for the growth of the Acetaminophen API market in the forecasted period. Aside from this, the acetaminophen drug is combined with various drug and available in various forms, but it is mostly available in the form of extended-release tablets for showing analgesics effects. But heavy usage of this drug can cause serious adverse effects & can build toxicity which leads to other diseases.

Acetaminophen API Market: Regional Wise Outlook

Geographically, the Acetaminophen API market is divided into seven regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China, Japan & the Middle East and Africa.  Asia-Pacific is expected to dominate the global acetaminophen API market followed by North- America & Europe.

Asia-Pacific is dominating the global acetaminophen API market due to higher population rate which led to increased accidental cases, surgeries & various disorders, thus the demand for the drugs is increasing in this region which is boosting the Acetaminophen API regional market. While the increasing healthcare conditions & awareness amongst the people is further fuelling the Acetaminophen API market.

Rapid development & Advancements along with the changing environmental conditions is going to offer a lucrative opportunity for the growth of acetaminophen API market in North America during the forecasted period.

Acetaminophen API Market: Key Market Participants

The key participants operating in the global acetaminophen API market identified across the value chain are

  • BOC Sciences
  • Tianjin Bofa Acetaminophen
  • Mallinckrodt plc
  •  Kemcolour International
  • Changshu Huagang Acetaminophen
  • Haohua Industry
  • Kangle Acetaminophen
  • Angene International Limited
  • Anhui BBCA Acetaminophen
  • Granules India
  • Hebei Jiheng Acetaminophen
  • Glosel India Impex Pvt Ltd. from India
  •  Flare S.A. from Switzerland
  • Silverline chemicals ltd from India
  • Emkay Pharma Pvt Ltd from India
  • Atabay K.S.V.T. from Turkey
  • Anqiu Lu’An from China
  • United Pharma Industries Co Ltd from China
  • Farmson from India
  • Liaoyuan City Baikang from China

The players working in the worldwide acetaminophen API market are concentrating on the drug discovery i.e. by combining the API with various other extracts for the development of new therapeutic medication which would be helpful in prevention & cure of various disorders. Currently, the company are focusing at the collaborations, mergers & acquisitions with other companies.

Gym Bags Market : Value Chain, Stakeholder Analysis and Trends by 2027

A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Gym Bags market over the forecast period. The report gives a detailed outlook about the ongoing changes and advancement that are expected to augment growth in the Gym Bags market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats and challenges that market players are likely to face during the forecast period.

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Technological advancements in the packaging industry across various verticals will enable growth in the market. Increasing investment in research and development activities and adoption of information technology within the industry, will create growth opportunities. FMI’s latest report gives significant details about the current and upcoming market scenario for an optimized assessment of the market.

COVID-19 Impact Analysis on Gym Bags Market

Following the outbreak of COVID-19, the packaging industry is expected to witness a moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Gym Bags market in the positive direction. Manufacturers are more focused on the sustainability as a key strategy to maintain their position in the industry during the time of crisis.

FMI provides an extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Gym Bags market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.

Important Questions Answered in the Gym Bags Market Report

  • Which are the top companies operating in the Gym Bags market?
  • What will be the future outlook of the Gym Bags market in the upcoming decade?
  • What are the key growth drivers and restraints likely to affect the Gym Bags market in the future?
  • Which region is expected to be the most lucrative region for the Gym Bags market?
  • What are the ongoing trends likely to augment the growth of the global Gym Bags market?

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Gym Bags Market: Segmentation

In-depth analysis on FMI’s Gym Bags market report has been further classified into key segments and sub-segments.

On the basis of bag type, the global gym bags market is segmented into –

  • Duffle Bags
  • Drawstring Bags
  • Gym Backpacks
  • Tote Bags

On the basis of material type, the global gym bags market is segmented into

  • Leather
  • Canvas
  • Nylon
  • Polyester

Gym Bags Market: Competitive Analysis

The latest report on the Gym Bags market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Gym Bags market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.

Key players profiled by FMI in Gym Bags market includes:

Everlast Worldwide, Inc., JensenLee, Chateau Manufacturing, ToteBagFactory, Harissons, Herschel Supply Co. USA, Nike, Inc., and Adidas AG.

Significant Contributions to the Report

  • Key Trends and Opportunities: Comprehensive analysis on the industries ongoing trends and opportunities for market players in different regions across the globe
  • Recent Challenges and Forecasts: Detailed assessment on the challenges, technological advancements, and forecast for upcoming decade.
  • Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

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.