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Continuous evolution of smartphones has facilitated the innovation in display technologies, with foldable displays emerging as the latest component to take the industry by storm. According to a recent report by Future Market Insights (FMI), the foldable phone market is expected to surpass a valuation of US$ 65 Bn, growing at a CAGR of over 25.2% through 2031.

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The foldable phone market is projected to expand at an impressive pace owing to rapid advancements in technology, improvements in design, stronger functionality, and product up-gradation. This is anticipated to bode well for the global foldable phone market in the forthcoming years.

Increasing consumer awareness regarding the latest trends in smartphone technologies is fueling demand for innovative smartphones.  As a result, some well-known companies have been patenting their design architecture for soon-to-be-released folding phones. Apple Inc., for example, has patented its folding smartphone technology with a hinge heating technology to protect it from wear and tear over time.

Also, smartphone makers are experimenting with technologies and features in their foldable smartphones, which can be seen in Samsung Galaxy Fold and Motorola Razr, as these phones have a unique design but prefers front-to-front fold display technology.

Furthermore, in April 2021, Oppo launched two new foldable phones in the market, both with an inward-folding design. Vivo is also expected to release a folding phone with an inwards folding design, while Xiaomi has already released the Mi MIX Fold.

Another trend that is propelling the foldable phone market is the implementation of work from-home culture. Rising viewership and increasing interest of individuals towards job opportunities that offer remote work has led increasing demand for reliable and efficient electronic products. This is anticipated to provide impetus to foldable phone sales in the forthcoming years.

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Key Takeaways:

• Based on display size, the under 6 Inches display segment is expected to hold a 44.6% of the total foldable phone market share in 2021.
• Foldable phone with a 12 GB RAM are likely to dominate the market in 2021, accounting for over 46% of the total market share.
• Under the storage segment, foldable phone with the storage space of 256 GB will hold more than half of the total foldable phone market share in 2021.
• US$500-1,500 is projected to hold the leading share in the market in 2021, accounting for nearly half of sales.
• Sales of foldable phones through online retail channels are projected to grow at a prolific 38.1% CAGR through 2031.
• China will emerge as an attractive foldable phone market, accounting for over 40% of the market share in East Asia 2021.
• The U.S. will dominate the North America foldable phone market with nearly 80% the market share over the forecast period.
• India is projected to account for more than one-third of the South Asia foldable phone market share in 2021.

 ““Increasing sales of consumer electronics through online channels, along with smart promotional activities adopted by key market players such as influencer marketing and celebrity endorsements are anticipated to spur demand for foldable phones over the assessment period,” says a FMI analyst.

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Who is Winning?

Leading players in the foldable phone market are Samsung Group, Huawei Technologies Co., Ltd., Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), TCL Technology, LG Corporation, ZTE Corporation, Sony Group Corporation, AsusTek Computer Inc., Energizer among others.

Leading manufacturers of foldable phones are focusing on promotional strategies, advertisements, and new product launches to improve sales of foldable phones. Apart from this, mergers, acquisitions, and strategic collaborations will remain prominent growth strategies among key market players over the assessment period. For instance:

• In 2021, Xiaomi launched their first foldable smartphone, Mi MIX FOLD, at the Spring 2021 New Product Launch. Equipped with a large 8.01” WQHD+ resolution flexible internal display and a 6.52” external display, this innovative new device touts the largest foldable display on any smartphone.

As per the findings of a revised market research by Future Market Insights (FMI), the worldwide wireless charging ICs market reached a valuation of around US$ 1.8 Bn in 2020, and is poised to expand at an impressive CAGR of 16.7% over the next ten years.

According to Future Market Insights (FMI), biocides market is expected to witness growth at 3.5% CAGR between 2021 and 2031. Growing demand for biocides from various industries such as, water treatment, paints & coatings, wood preservatives, oil & gas, cleaning chemicals, agrochemicals, paper & pulp and others is expected to bolster the sales over the assessment period.

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As per the latest Future Market Insights (FMI) analysis, paprika color sales will increase at 7% CAGR between 2021 and 2031. Steered by increasing demand from food processing and breading industries, overall demand in the paprika color market will top US$ 151.5 Mn by 2031.

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Background hues and vivid tones of bread crumbs are often achieved using coloring ingredients such as paprika, spice extracts, and artificial colors. Paprika or oleoresin paprika, had red or orange notes, which can be used as batter and breading color. These factors are expected to drive paprika color sales over the forecast period, from 2021 to 2031.

Key Takeaways from the Paprika Color Study:

• The EMEAI (Europe Middle East Africa and India) is key in market in terms of size and is expected to account for 39.3 % of the global paprika color market in 2021.
• On the basis of application meat, poultry, fish, & eggs section is expected to hold for 23.8% of the global paprika color market in 2021 and expected to grow at compound annual growth of 12.2%, followed by Potatoes, Pasta, & Rice.
• The U.S. is expected to account for over 85% of paprika color sales in North America in 2021. Irrespective of United States’ dominance, demand in Mexico and Canada is expected to rise at a higher pace.
• Germany is expected to account for 18.5% of paprika color sales in EMEAI through 2031.
• China will continue dominating sales in APAC, however, demand for paprika color is expected to increase at a higher pace in South Korea.

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 “Increasing use of paprika color in meat processing and a plethora of beverages such as juices and drinks are likely to boost sales of paprika color. Besides this, the market is expected to gain from increasing use of paprika color in hair care and personal,” Said a lead analyst at FMI

Various End Uses in Food Processing to Boost Market

The paprika color market is flourishing on account of increasing application in the food processing industry, rising awareness about health advantages of natural coloring agents over the substitute one, and growing demand within the specialty foodstuff and prepared to eat dishes.

Paprika color market is additionally gaining on account of nutritional profile of paprika that includes impressive anti-bacterial, anti-fungal, and anti-oxidant properties. This has fuelled its application in food, pharmaceutical and cosmetic industries. Within skincare and cosmetics industry, paprika color is used in a slew of hair care and skin care merchandise.

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Who is Winning?

Some of the leading companies offering paprika color are Blue Lily Organics, Natural Solution, ColorMaker Inc., Bioconcolors, Chr. Hansen Holding A/S, Synthite Industries Ltd., Plant Lipids, Ungerer & Company Unilever Food Solution, Chr. Hansen A/S, Sensient Technologies Corporation, Ingredients Naturales Seleccionados, Kalsec Natural Ingredients, Kancor Ingredients Limited, Naturex, Adani Pharmachem Private Limited, Givaudan, Ozone Naturals, Universal Oleoresins and others.

From 1990’s HPP method is famously being utilized in Japan and other piece of Asia. At first it was being utilized uniquely for protection of juices, jams and sticks. In any case, considering market interest for normally safeguarded food sources and advantages of HPP, the method is currently well known for conservation of practically all the food items like servings of mixed greens, fish and meat, fish, yogurts, rice cakes, grains and so forth

Expanding market interest for normally saved food is market driver for high strain handling food procedure. At the point when HPP is utilized for rice and grains handling, the allergen protein lets out of rice grains and makes rice allergen free.

High Pressure Processing (HPP) For Rice and Grain Global Market Drivers and Trends

Rising regular and safe food interest from quickly developing worldwide populace is central point driving business sector interest for HPP for rice and grains. As HPP separates the hypersensitive protein content of rice and grains and makes it ok for utilization, food handling enterprises are focusing on High pressure processing of rice and grains.

The allergens evacuation properties, yet other safeguarding benefits like timeframe of realistic usability expansion, more noteworthy quality, obliterated microorganisms and so forth are different elements drawing in makers and powering market interest for HPP method for rice and grains.

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In addition to meet the protected and normal food requests of the 21st century shopper, the worldwide food industry is quickly advancing toward item inventive and new item improvement through new handling strategies. HPP for rice and grains is one of them, acquiring huge market interest.

In local viewpoint of High pressure processing for rice and grain market, Japan and Asia Pacific Excluding Japan are central parts in HPP for rice and grain market, as being significant maker and purchasers of rice and grains. As U.S. FDA has acknowledged business utilization of HPP for low corrosive food sources like grains and rice, North America is considered as one more significant market just as with expanding customer interest for non-engineered regular food safeguarding strategies, Europe has likewise adjusted HPP procedures for rice and grain, and for some other food items like juices, bread kitchen items, jams, jams and so on In Europe and North America markets, HPP is broadly utilized for juices and drinks handling.

Competitive Landscape

Some market player providing HPP on commercial tolling basis to the food manufacturing industries, includes American Pasteurization Company, Avure HPP Food Processing, High Pressure Process Tolling Ltd., Stay Fresh Foods, Hormel Foods, Motivatit, APA Processing, Raw Pressery etc. However few major market players providing HPP machinery and technology includes Kobe steel co. ltd, Hoiperbaric S.A, Amec ,Next HPP etc.

[300 Pages Report] The rapidly growing wine consumption has scaled up the need to purchase premium wine coolers with high bottle capacity. The demand for premium wine coolers is likely to increase in both residential and commercial sectors. Future Market Insights (FMI) has forecast the market to register a year-on-year growth rate of 5.5% in 2021.

According to a recent report by Future Market Insights (FMI), the premium wine cooler market is expected to surpass a valuation of US$ 1,215.9 Mn at a CAGR of over 6.3% through 2031.

Homes are today becoming more connected than ever before. Consumers are increasingly investing in homes that incorporate smart electronics such as connected refrigeration systems. Thus, with changing preferences, players are increasingly focusing on altering their promotional strategies.

Besides focusing on promotional activities, retailers selling connected devices are adopting diverse strategies that will allow them to achieve more than just converting sales. This includes establishment of know-how counters to train or educate shoppers regarding product use, and benefits. These factors are expected to facilitate the market growth in the near future.

Demographic generations like millennials and Gen X are likely to largely influence the market growth in the coming years mainly on account of two primary reasons, which include growth in wine consumption and high demand for smart tech gadgets and connected storage units in residential sectors.

Apart from this, the commercial sector is also likely to reflect prominent sales opportunities due to rapidly growing demand for premium sleek and unique wine storage appliances that better match the aesthetics and ambience of the space along with incorporating better features.

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Key Takeaways from the Premium Wine Coolers Market Study

• Freestanding premium wine coolers are expected to hold a leading revenue share of 57.2% in 2021 due to its portability nature.
• In terms of bottle type, premium wine coolers with a capacity of 51 to 300 bottles is comparatively more. The category holds a notable share of 19.3% during 2021.
• The U.S. is expected to hold a noteworthy value share of 84.2% in North America owing to the rapid upsurge of wine consumption at home as well as in commercial sectors thus escalating the need for wine storage units.
• India is a key market in South Asia reflecting a CAGR of 26.1% as smart homes are increasingly gaining popularity.
• France is further expected to open up new sales opportunities as consumption of wine is quite prominent in the region.

 “Focus on new design developments or additions, including refrigerated/freezer drawers or adjacent storage cabinets is likely to help players gain an edge in the highly competitive market. Apart from this, implementation of direct-to-consumer model is likely to successfully strengthen brand positions in the market,” says an FMI analyst.

Impact of COVID-19 on the Market

The covid-19 outbreak resulted into a temporary downswing across different sectors and regions. The economic downswing caused a tremendous impact on both supply as well as demand side in the market.

Apart from this, it also largely impacted consumers purchasing habits as a large proportion of consumers shifted from free-spending towards mindful spending thus impacting the demand for premium wine coolers to some extent.

The outbreak of COVID-19 worldwide signaled an unprecedented disruption of commerce. Post-pandemic, consumers have adopted short-term behaviors that in some cases have turned permanent. Transition to digital was the most profound behavioral change that was observed post-pandemic. Retail categories like consumer electronics and entertainment are some of the few sectors that have been significantly disrupted by digital over the past few decades.

Leading manufacturers of premium wine coolers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of Premium Wine Coolers globally.

Major players present in the premium wine coolers market are

Allavino Company, Avanti Products, Inc., Danby Appliances, Inc., Electrolux AB, Marvel refrigeration, Haier group Corporation, Viking Range Corporation, Vinotemp, Perlick Corporation, Robert Bosch LLC, Uline Company, WHynter LLC, Lanbo International Inc., Liebherr, LG Electronics and among others.