Chaga Mushroom-Based Products Market to Achieve 11% CAGR, Projected to Reach USD 81.55 Billion by 2033

Chaga Mushroom-Based Products Market
Chaga Mushroom-Based Products Market

The chaga mushroom-based products market size is projected to be worth US$ 28.72 Bn in 2023 and surpasses US$ 81.55 Bn by 2033. The sales of chaga mushroom-based products are estimated to grow at a CAGR of 11% during the forecast period.

Due to rising health consciousness, health advancements, and rising use of cosmetic and personal care products, the global chaga mushroom-based products market is anticipated to expand during the anticipated year. Additionally, with the most recent research and development efforts, it is anticipated that the anti-cancerous qualities of the Chaga mushroom will spur market expansion. The Chaga mushroom has long been utilized for its possible advantages in preserving a healthy digestive system.

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Additionally, this will result in a rise in global Chaga mushroom demand. A pattern of practical food fixes and an increase in the consumption of Chaga mushrooms as a reliable supplement are required to aid in the market growth of Chaga mushrooms more quickly than later. However, the market’s expansion throughout the anticipated time may be hampered by rising bleeding and the expensive price of chaga mushrooms.

The worldwide increase of vegans is a significant trend that could have a beneficial effect on the market’s expansion. By 2019, there were more than twice as many vegans in the UK, accounting for 1.2% of the entire population. Young consumers between the ages of 15 and 30 are already adopting vegan diets in small numbers, and this trend is anticipated to continue. The popularity of the vegan diet among consumers will grow as more celebrities start endorsing it.

Key Takeaways from the Chaga Mushroom-based Products Market

  • Sales of chaga mushroom-based products increased at a 1% CAGR between 2017 and 2022, citing FMI’s study.
  • China chaga mushroom-based products are estimated to exceed US$ 22.79 million by 2033.
  • Due to the rising demand for chaga mushroom-based products during the anticipated period, the US currently holds dominance in the global market.
  • China holds the second-largest market share during the forecast period and is the second-leading country overall.
  • During the anticipated time frame, Germany attained a sizable proportion of the global market. The German medical industry’s increased patient efficiency is driving up demand for products made from chaga mushrooms.
  • By application, the personal care application segment is dominating the global market and is expected to grow at an impressive CAGR during the forecast period.
  • During the anticipated term, chaga mushroom-based powder foam products are likely to rule the global market.

Competitive Landscape

The market is fragmented due to the presence of multiple major players during the forecast period. Market experts are focusing on investing their skills in developing better healthy products for consumers. However, food and beverage manufacturers are developing high-quality and organic food supplements to drive market expansion. Shortly, multinationals and other top players in the chaga mushroom-based products market are likely to uplift the market growth through their investments and product developments.       

Major Players in the Chaga Mushroom-based Products Market

  • Baikal Herbs
  • Sayan Health
  • Annanda Chaga Mushrooms
  • Chaga Mountain
  • Four Sigmatic
  • Eartherbs LLC
  • Lingonberry Group
  • Organic Ingredients Co. Ltd
  • Bioway

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Recent Developments in the Chaga Mushroom-based Products Market

  • ChugaChaga– A New York-based beverage Company that provides a variety of bottled tea drink which is health-conscious among consumers. However, these drinks come in different flavors, such as classic and peach zero sugar.
  • Four Sigmatics– The US-based manufacturer that offers superfoods, drinks, and medicinal mushrooms to customers. The company launches different drink mixes with exotic flavors, including coffee and chaga mixes for a better immune system.

By Nature:

  • Organic
  • Conventional

By Form:

  • Powder
  • Liquid

By Application:

  • Antioxidant
  • Anti-inflammatory
  • Alkalizing
  • Immune Booster
  • Anti-Inflammatory

By Distribution Channel:

  • Direct
  • Indirect
  • E-Commerce

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:
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Global Acid-Proof Lining Market Set to Reach USD 12.3 Billion by 2033, Growing at a 6.2% CAGR

Acid Proof Lining Market Demand
Acid Proof Lining Market Demand

The global acid-proof lining market is set to achieve a valuation of approximately USD 12,313.08 million by 2033, reflecting a robust growth trajectory with a compound annual growth rate (CAGR) of 6.2% throughout the forecast period. This growth is driven by increasing demand for acid-resistant materials in various industrial applications, including chemical processing, metal finishing, and wastewater treatment. By the end of 2023, the market was valued at USD 6,747.17 million, underscoring the expanding adoption of acid-proof linings across key sectors.

The acid proof lining industry is burgeoning owing to surging demand from multiple end-use industries, wherein walls, floors, and equipment are repeatedly exposed to harsh chemicals and acids. End users can cut costs and preserve the equipment for longer periods by deploying acid proof lining.

Acid proof lining is primarily used to protect the products from humiliation caused by oxidation, salt spray, moisture, and many chemical-based instances that can be harmful to metals and alloys.

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Acid proof linings find application in food industries, thermal power stations, and pharmaceuticals. Apart from this, chemical reactors above 125° C also require this lining. Growth in the aforementioned end-user industries is expected to fuel the adoption of acid proof linings.

Coating technology advancements are adding to the booming popularity of acid proof linings. Mounting investments in the oil and gas sector, including upstream and downstream petrochemical enterprises and refineries, is also expected to impact this industry positively.

The market expansion can also be credited to the quickly magnifying demand and low competitive pressure. Besides, end users of acid proof lining are showing an increased inclination toward waterborne technology, thus inciting manufacturers to boost their investments in popular and advanced technologies.

As per FMI’s study, Asian countries are expected to present tempting opportunities for manufacturers to expand their horizons. With construction activities already in full bloom and automotive observing speedy production, the market is anticipated to grow momentously.

Top Highlights from the FMI’s Analysis of the Acid Proof Lining Market:

  • North America is one of the noteworthy markets for acid proof lining. The surge in construction activities and increasing oil and gas exploration activities are bolstering market growth.
  • Australia has a relatively low market share in relation to other competitive markets. However, FMI has assessed that the market is forecast to present significant opportunities for manufacturers to broaden their market size.
  • Asia Pacific countries are projected to be noteworthy revenue generators for acid proof lining industry.
  • FMI anticipates that the Mexico market has been an underexploited market for acid proof lining. Manufacturers can dig into the reserves of the Mexican market to extract profit.
  • South Korea is also spotted as a potential market for acid proof lining. Manufacturers are expected to expand their geographical reach by extending their manufacturing facilities in different parts of the world.

How are Manufacturers Gaining Larger Share in the Market?

Manufacturers in the acid proof lining industry are strengthening their market position by acquisitions, launching new technologies, and research and development activities. Some of the latest information from the market report is as follows:

  • In May 2023, Avient established the first line of long-fiber-reinforced thermoplastics in Asia. The new portfolio was installed at the Asia regional headquarters of Avient in Shanghai.
  • In January 2019, Cromology, a leading player in the decorative paint sector, inked an exclusive distribution contract with Al Gurg Paints for their Viero brand to boost its presence in the United Arab Emirates market. Viero is a lime-based paint that offers designer texture finishes for exteriors and interiors.

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Acid Proof Lining Market Outlook by Category

By Product Type:

  • Ceramic & Carbon Brick Lining
  • Tile Lining
  • Thermoplastic Lining

By Form Type:

  • Solvent-Borne
  • Water-Borne
  • Powder-Based

By End Use:

  • Marine
  • Oil & Gas
  • Power Generation
  • Construction
  • Automotive
  • Transportation
  • Chemicals
  • Mining & Metallurgy
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Chilled Meal Kits Market to Surge at 16.3% CAGR, Projected to Reach USD 26.4 Billion by 2033 Amid Growing Demand for Convenient Meal Solutions

Chilled Meal Kits Market
Chilled Meal Kits Market

According to Future Market Insights, the global chilled meal kits market size is expected to grow from US$ 10,062 Mn in 2023 to US$ 26,4 36.6 Mn by 2033. Overall sales of chilled meal kits are projected to rise at an impressive CAGR of 16.3% between 2023 and 2033.

Rising consumer demand for convenient prep meals across the world is a key factor driving the global chilled meal kits market industry forward and the trend is expected to continue during the forecast period.

Chilled meal kits are convenient for consumers as they provide them with pre-made ingredients or items required to cook meals at home quickly. They help them to save their precious time as they do not have to go through the hassle of buying all separate ingredients and spending time preparing each dish from scratch.

The growth of this market will also be fuelled by an increase in consumers’ interest in healthier eating options that can be fixed quickly but still taste great. This demand is being met with constant innovation from meal kit providers who tailor their offerings according to customer needs and trends in different parts of the World.

Similarly, factors such as changing lifestyles and eating habits, rapid urbanization, and busy schedules are expected to generate high demand for chilled meal kits during the forthcoming decade.

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Key Takeaways from Market Study

  • Overall demand for chilled meal kits is anticipated to rise at 16.3% CAGR from 2023 to 2033.
  • Based on product, the vegetarian segment is poised to grow at a higher CAGR during the forecast period.
  • North America and Europe together hold the largest market share of the worldwide chilled meal kits industry.
  • The U.K. chilled meal kits market is projected to grow at a CAGR of 12.6% between 2023 and 2033.
  • India’s chilled meal kits market is projected to grow at 20.0% CAGR over the assessment period.
  • Currently, the U.S. holds a share of 33.2% in the global chilled meal kits market.

“In the long run, the increased focus on chilled meal kits consumption in developed regions such as North America and Europe is projected to provide profitable opportunities for market participants. “, –says a lead analyst at Future Market Insights.

Competitive Landscape

Key players operating in the market for chilled meal kits include Tyson Foods, Inc. (Tyson Taste Makers), Hello Fresh SE, Campbell’s, Home Chef (The Kroger company, Blue Apron Holdings, Inc., Gousto, Martha &Marley spoon, Sun basket, Lina’s Mat Kassel (LMK Group AB), My Food Bags Ltd, Dinner (MMM Consumer brand Inc.), Purple carrot, Gobble Inc., and Hungry root.

These players are continuously introducing new products, improving their production capacities, and strengthening their distribution channels to increase their revenue share. Besides this, they are adopting strategies such as mergers, partnerships, acquisitions, and collaborations to expand their global presence.

  • In November 2022, HelloFresh, a global food solutions group and the world’s leading meal kit company, launched its services in Spain. This expansion marks an important milestone in HelloFresh’s global growth strategy to expand its total addressable market.
  • In January 2022, Kraft Heinz completed the acquisition of a majority stake in Just Spices, a technology-enabled direct-to-consumer business.
  • In December 2021, HelloFresh announced that it will double its investment in capacity expansion, allowing for new market launches and further improving the customer experience by providing more flexible meal choices.
  • In 2019, Gobble, a meal prep company backed by leading Silicon Valley investors, launched Sunday Meal Prep aimed at working professionals seeking fresh, healthy weekday lunches.

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Chilled Meal Kits Industry by Category

  • By Product:

Vegetarian

Nonvegetarian

Poultry Based

Beef Based

Pork Based

Seafood Based

  • By Gender:

Female

Male

  • By Customer Age:

18-30

31-45

45-60

60 onward

  • By Sales Channel:

Stored-based retailing

Modern Grocery Store

Convince store

Discounters

Hypermarket

Supermarket

Traditional Retailers

Food specialist

Independent small Grocer

Other Grocers

Online Retailing /Delivery

Direct Sales

  • By Region:

North America

Latin America

Europe

Middle east and Africa

East Asia

South Asia

Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Polymer Coated Fabrics Market Projected to Reach USD 35.8 Billion by 2033, Growing at a CAGR of 5.1%

Polymer Coated Fabrics Market
Polymer Coated Fabrics Market

The market for polymer coated fabrics is expected to be valued at USD 21,791.30 million in 2023, with a noteworthy compound annual growth rate (CAGR) of 5.1% from 2023 to 2033. The industry is predicted to reach USD 35,835.30 million by 2033, marking a noteworthy milestone.

The polymer coated fabrics market is witnessing a surge in popularity due to its waterproof, UV-resistant, abrasion-resistant, and durable characteristics. In addition, the product is experiencing significant demand in applications such as awning pool covers, roof protectors, tarpaulins, and marine covers. It is driven by its excellent physical properties, impermeability to dirt & oil, and corrosion resistance. This strong demand is expected to propel considerable market growth.

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Protective Clothing Market Soars with Growing Industrialization in Emerging Economies

Rapid industrialization in developing countries has led to an increasing demand for protective clothing to ensure worker safety in hostile environments. Further, the demand is driven by cultural, sociological, and psychological factors, with stringent government regulations in the Middle East and Asia Pacific making safety precautions mandatory.  As a result, there is a growing need for lightweight, comfortable, and highly heat-resistant protective clothing, leading to an upsurge in demand for coated fabrics.

Coated fabrics with high flame resistance are particularly utilized in manufacturing protective clothing for firefighters. Also, the rising focus on safety measures in transportation applications is expected to boost the polymer coated fabrics market growth.

Eco-Conscious Consumers and Coated Fabrics: Addressing Environmental Concerns

Stringent government regulations have been imposed due to the release of hazardous air pollutants during the manufacturing process of coated fabrics, posing environmental concerns. Also, the growing consumer awareness about the ecological impact of non-recyclable products and disposal issues hampers polymer coated fabrics market growth.

For manufacturers, properly disposing of waste materials remains a significant challenge, as chemical recycling of coated textiles proves costly and leads to logistical issues and limited process flexibility.

The production of coated fabrics, particularly toxic solvents, is the primary source of hazardous air pollutants emitted at various stages of the industrial process. Consequently, these environmental concerns are expected to restrain the market growth of polymer coated fabrics during the forecast period.

Regional Outlook

The Asia Pacific region is poised to dominate the global polymer coated fabrics market due to rapid industrial growth and urbanization in key countries like China and India. Additionally, the demand from transportation, protective clothing, and industrial sectors is fueling market growth. Japan and South Korea are significant contributors.

Developing countries’ booming automotive industry and increased use in household furniture manufacturing boost demand. Also, innovations like shape memory polymers for smart textiles fuel growth. Small countries in Asia with low labor costs and relaxed regulations are projected to show substantial industrial development, enhancing the region’s export and production activities.

Key Takeaways 

  • The PU-coated fabrics segment in the product type category is likely to grab a share of 70% from 2023 to 2033.
  • In the textile material category, the knitted segment is to acquire a market share of 60% between 2023 and 2033.
  • The United States polymer coated fabrics business is expected to acquire a share of 30% by 2023.
  • Germany’s polymer coated fabrics industry is to grab a share of 40% by 2023.
  • Japan’s polymer coated fabrics business is anticipated to hold a share of 00% by 2023.
  • Australia’s polymer coated fabrics industry is predicted to capture a share of 40% by 2023.
  • China’s polymer coated fabrics business is expected to secure a CAGR of 50% through 2033.
  • India’s polymer coated fabrics sales are estimated to develop at a CAGR of 00% from 2023 to 2033.
  • The United Kingdom polymer coated fabrics business is to evolve at a CAGR of 20% through 2033.

Competitive Landscape

Companies covered in the global polymer coated fabrics market include Continental AG, Sioen Industries NV, Serge Ferrari Group, Trelleborg AB, SRF Limited, Synthomer Plc., Seaman Corporation, Cooley Group Holdings Inc., Haartz Corporation, and Heytex Bramsche GmbH.

Market growth is fueled by initiatives taken by participants.

Novel Breakthroughs

  • In Dec 2021, Trelleborg Group acquired a division of Alpha Engineered Composites, a US-based company specializing in polymer-coated fabrics for niche applications in transportation, aerospace, and engineered industrial products.
  • In April 2020, Synthomer acquired OMNOVA Solutions Inc., significantly bolstering its presence in North America and expanding its reach in Europe and Asia. The acquisition established a leading global specialty chemicals company with substantial scale and a solid foundation for future investments and growth.

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Key Segmentation

By Product Type :

  • Vinyl Coated Fabrics
  • PU Coated Fabrics
  • PE Coated Fabrics
  • Others (acrylic, nylon 6, nylon 6-6, PA, PC, PEEK, PBT, and PET)

By Textile Material Type :

  • Knitted
  • Woven
  • Non-Woven

By Application :

  • Transportation
  • Protective Clothing
  • Industrial
  • Roofing
  • Awnings & Canopies
  • Furniture & Seating
  • Others (Agriculture, Geotextiles, Medical, Sports & Leisure, And Packaging)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Coating Additives Market Set for Growth with 4.8% CAGR, Projected to Reach USD 17.77 Billion by 2033

Coating Additives Market Outlook
Coating Additives Market Outlook

The coating additives market is poised for robust growth, with an anticipated average CAGR of 4.8% between 2023 and 2033. This upward trajectory is expected to elevate the market’s value from USD 11.12 billion in 2023 to a significant USD 17.77 billion by 2033. This growth is driven by the increasing demand for advanced coatings in various industries, including automotive, construction, and industrial applications.

  • Advanced functions like anti-foaming properties, biocides, and impact modifiers are likely to add value to the market structure. Furthermore, the additives for the automotive and packaging sectors are likely to flourish in market growth.
  • The OEM coatings, primers, monolayer topcoats, and other coatings improve surface properties. The higher demand for customized layers with specific detailing, chemicals, and elements is anticipated to flourish the market success.
  • The stringent zero-VOC emission regulations and government support to automotive businesses contribute to market dynamics. Alongside this, the improved wettability, UV protection, and advanced chemical resistance are likely to help industries get the best out of these additives.
  • New vendors are focusing on building their products through different chemicals and elements that limit microbial growth and prevent corrosion. Alongside this, the high-end research and development facilities and extensive usage of raw materials are increasing the demand for coating additives.
  • The fluctuation in raw material prices makes manufacturing smooth and unique, Though the strict government regulations limit the market growth.
  • The surge in rheology modification operations is expected to help the market widen its boundaries. The construction application of coating additives involves delivering durability and texture.

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Key Points

  1. The United States market leads the North American coating additives market in terms of market share in North America. The United States held a healthy market share of 17.0% in 2022. The factors attributed to the growth are increased automotive operations, higher construction activities, and adoption of advanced coatings.
  2. The German coating additives market held an average market share of 5.2% in 2022. The market growth is caused by higher automotive applications due to the large manufacturing sites.
  3. The Indian market thrives at a healthy CAGR of 5.9% between 2023 and 2033. The growth is attributed to higher economic activities and higher construction activities.
  4. Based on formulation type, the solvent-based segment held the leading market share of 58.7% in 2022.
  5. Based on application, the rheology lead as it held a market share of 33.7% in 2022.

Competitive Landscape

The key suppliers focus on improving texture, enhanced color, and longer protection. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Top Key Players in the Global Market

  • Akzo Nobel NV
  • Arkema SA.
  • Ashland Global Holdings Inc.
  • BASF SE
  • BYK-Chemie GmbH
  • Asahi Glass Co., Ltd.
  • Dow Chemical
  • Evonik Industries AG
  • Solvay SA

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Key Segmentation of Coating Additives Market

By Product Type:

  • Acrylics
  • Fluoropolymers
  • Urethanes
  • Metallic Additive
  • Others (Epoxy, Polyalkyds, and Amines)

By Formulation Type:

  • Solvent-Based
  • Water-Based

By End Use Industry:

  • Automotive
  • Architectural
  • Industrial
  • Wood & Furniture
  • Others

By Application:

  • Rheology Modification
  • Biocides Impact Modification
  • Anti-Foaming
  • Wetting & Dispersion
  • Others (slip & rub, flexibility, curing)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Veggie Burger Market Set to Skyrocket: Anticipated Growth of 8.1% CAGR to Drive Market Value to Over USD 8.46 Billion by 2033

Veggie Burger Market
Veggie Burger Market

According to FMI reports, the global market for veggie burgers can soar at a CAGR of 8.1% from 2023-2033. The net worth of the market share of the veggie burger industry is predicted from US$ 4164.44 Mn in 2023 to over US$ 8460.93 Mn by 2033. A growing market for veggie burgers has resulted from increased demand for vegan and vegetarian products owing to their health benefits. Growing concerns about animal welfare have also increased demand for veggie burgers.

There is a shift in eating patterns of consumers due to concerns regarding unhealthy junk food consumption which leads to chronic ailments. Though the irresistible taste, low nutritional value junk foods such as pizza and burgers also have little nutritional value, creating a substantial customer base.

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Plant-based burgers are highly nutritious and delicious, and manufacturers are now able to make them using advanced technology. Veggie burgers are much healthier than meat burgers for a variety of reasons.

In addition to having similar flavors, textures, like meat burgers, vegetarian burgers also contribute to reducing global warming and negative impact on biodiversity and ecosystems. In response to environmental concerns and animal welfare concerns, consumers are turning to vegan and flexitarian diets, creating market opportunities for veggie burger manufacturers.

Key Takeaways from the Market Study

  • The US market for Veggie Burgers is expected to reach US$ 1028.1 Mnby 2022 registering a market share of 26.6%.
  • The market is expected to increase at a notable CAGR of 8.1%.
  • Soy-based protein captures 43.4% of the market share while the plant-based chicken segment holds 36.5% of the total market share.
  • Europe’s veggie burger market is expected to dominate the market and grow at the fastest rate with an increased revenue share.

Competitive Landscape for the Market

KFC and Subway, two of the leading restaurant chains in the plant-based industry, are planning high-profile deals. Vegetarian burgers are showing promising signs, particularly from the fact that not only the biggest players are investing in the market but also consumer goods brands are betting on the future of animal-free products.

Several meat alternative companies are ramping up their production of plant-based products, including Impossible Foods and Beyond Meat. Companies are leaving no stone unturned to gain a competitive edge and boost vegetarian burger market prospects.

Engine 2, Trader Joe’s, Sunshine Burgers, Morningstar Farms, Lightlife, Hilary’s, Gardenburger, Gardein, Dr. Praeger’s, Beyond Burger, Field Roast, Beyond Meat, Amy’s California, Boca, Beneo GmbH, Glanbia plc, Fuji Oil Co., Ltd., Archer Daniels Midland Company, Symrise, Roquette Frères S.A., Kellogg’s, Tyson Foods, Inc. and others, the market is growing and establishing a strong global presence.

Recent Developments in the Veggie Burger Market

  • In September 2020, Nestle SA launched its flagship plant-based burger.
  • In 2021, McDonald’s, known for its fast food, launched a vegan product called “McPlant”, which substituted meat burgers for vegan alternatives.
  • Beyond Meat, the Canadian company is also launching two innovative and brand-new versions of burgers. It will be the juiciest burger any company has ever released. Beyond Meat has partnered with McDonald’s to offer plant-based burgers in the fast-food industry.
  • In November 2021, from BAUM Unternehmensgruppe, The McWin Food Ecosystem Fund, led by Henry McGovern and Steve K. Winegar, acquired Burger King Deutschland GmbH. In addition to strengthening the German Burger King expansion strategy, the new majority shareholder plans to focus on their premium and plant-based product portfolio, as well as the development of digital sales channels.

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Market Segmentation by Category

By Product Type:

  • Plant-based Chicken
  • Plant-based Beef
  • Plant-based Pork
  • Plant-based Fish

By Source:

  • Soy-Based Protein
  • Wheat-Based Protein
  • Pea-Based Protein
  • Canola-Based Protein
  • Fava-Bean Based Protein
  • Potato-Based Protein
  • Rice-Based Protein
  • Lentil-Based Protein
  • Flax-Based Protein
  • Chia-Based Protein
  • Corn-Based Protein

By Distribution Channel:

  • Retail
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Food Stores
  • Online Retail
  • HoReCA (Food Service Sector)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Cannabis Beverages Market to Surge at 17% CAGR: Projected Growth to USD 5.9 Billion by 2033 Fueled by Rising Demand for CBD-Infused Products

Cannabis Beverages Market
Cannabis Beverages Market

The adoption of demand for cannabis beverages is expected to increase at a CAGR of 17.00% during the forecast period. The cannabis beverages market is anticipated to rise from US$ 1,227.3 Mn in 2023 to US$ 5,899.5 Mn in 2033.

Due to general public efforts to legalize marijuana for both medical and recreational uses, the industry’s interest in CBD-based products has soared. Cannabidiol (CBD)-infused beverages are becoming more and more well-liked among consumers because of their non-psychoactive effects.

Cannabis beverage companies have entered the market to meet the growing demand for CBD products. Taking illegal consumption into account, recreational cannabis use is far superior to medicinal cannabis use.

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Declining sales of alcohol and soft drinks reflect a shift in customer taste for beverage use. Alcohol businesses are refocusing on marijuana in order to get a larger market share through R&D spending and the introduction of new products.

The dominant competitors in the market employ a variety of strategies to solidify their position as the industry’s top businesses. Purchasing companies is one such efficient tactic for raising brand value among consumers. Another key strategy is to periodically introduce ground-breaking products after thoroughly examining a thorough analysis of the market and its target audience.

Key Takeaways from Market Study

  • Cannabis beverages with CBD as an ingredient saw the most substantial rise of 17.8% in 2021 due to CBD’s non-psychoactive qualities.
  • A non-alcoholic segment captures around 50.1% of the market as non-alcoholic cannabis beverages such as teas, drops, and elixirs, among others, are more popular among customers looking for healthy drinks.
  • The highest market revenue (USD 527.83) for cannabis beverages is obtained by North America, which also commands the top spot in the industry due to favorable governmental policies.
  • A noticeable increase in cannabis tourism across the country is expected to boost demand for these products even more. The European market is anticipated to represent 41% of the worldwide platform in the next years. Cann, a cannabis-infused beverage company, sells 150,000 units and raises $5 Mn in funding due to its diversification in product offerings.

Competitive Landscape

The dominant competitors in the market employ a variety of strategies to strengthen their position as the industry’s top businesses. One such effective strategy is the acquisition of businesses to increase brand value among consumers. Intermittently offering ground-breaking products after doing a thorough analysis of the market and its target audience is another crucial tactic.

For instance, Molecule Holdings Inc. launched Molecule Crafted, a line of specialty beverages with cannabis infusions, in Canada in April 2021. These cannabis beverages have little calories and come in a variety of exotic and potent flavours.

Some of the Key Players Operating in Cannabis Beverages Market Include:

  • Canopy Growth Corporation (Canada)
  • The Cronos Group (Canada)
  • (US)
  • Hexo (Canada)
  • CannTrust (Canada)
  • Aurora Cannabis Inc. (Canada)
  • GW Pharmaceuticals plc. (UK)
  • VIVO Cannabis Inc. (Canada)
  • Alkaline88, (US)
  • NewAge Inc. (US)
  • (Canada)
  • Dixie Brands (US)
  • KANNAWAY LLC. (US)

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Latest Developments in the Cannabis Beverages Market

In August 2021, Cann, a California-based producer of THC beverages, announced the release of Passion Peach Mate, a unique and exclusive caffeinated cannabis beverage. The producer created this line of products to give consumers who are looking for alternatives to alcoholic beverages all-natural caffeine with a trace amount of THC.

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Future Market Insights, in its new report, offers an impartial analysis of the global Observability platform market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2023-2033.

The study offers compelling insights based on product type (Bread, Cakes, Pizza Bases, Muffin, Hamburgers, and Other Product Types), Application (Bakery, Confectionary, Restaurant, Household), and Sales Channel (Direct, Indirect) across seven major regions of the world.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Poultry Feeder Market to Reach USD 12.42 Billion by 2033, Driven by Rising Automation and Demand for Poultry Products

Poultry Feeder Market
Poultry Feeder Market

The global poultry feeder market, valued at USD 7.98 billion in 2022, is poised for significant expansion. According to recent analysis, the market is projected to grow at a CAGR of 4.1% over the forecast period, reaching an estimated USD 12.42 billion by 2033. This growth is driven by the increasing demand for poultry products and the adoption of modern farming practices aimed at optimizing operations and reducing costs.

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Key Market Drivers

  • Growing Demand for Poultry Products: The demand for poultry products continues to rise globally, driven by population growth, increasing disposable incomes, and changing dietary preferences. Poultry meat is often preferred due to its relatively lower cost compared to other meats, making it a staple in many diets.
  • Automation in Poultry Farming: The adoption of automated feeding systems is becoming increasingly prevalent in the poultry farming industry. These systems offer several advantages, including reduced labor costs, minimized feed wastage, and improved feed efficiency. Automatic feeders ensure consistent and uniform feed distribution, which is essential for maintaining flock health and productivity.
  • Weather Protection and Pest Control: Poultry feeders play a crucial role in protecting feed from adverse weather conditions and pests such as raccoons and rats. By keeping the feed dry and germ-free, feeders help maintain the health of the flock and prevent feed contamination.
  • Government Investments in Animal Production: Increased government investments in animal production are expected to create new market opportunities. These investments aim to enhance productivity and meet the growing demand for animal protein, further driving the adoption of advanced poultry feeding systems.

Market Challenges

  • Lack of Standardization: The absence of standardized feeding methods poses a significant challenge to market growth. Variability in feeding practices can lead to inconsistencies in flock performance and health.
  • High Installation Costs: The high cost of installing automated feeding systems can be a barrier for small and medium-sized farms. Additionally, the lack of skilled professionals to operate and maintain these systems may hinder market adoption.
  • Fluctuating Raw Material Prices: The volatility in raw material prices can impact the profitability of poultry feeder manufacturers. Environmental concerns and the increasing incidence of poultry diseases such as avian flu also pose risks to market growth.

Regional Market Insights

  • North America is expected to hold the largest market share due to the high level of awareness among poultry producers about the benefits of efficient feeding systems. The region’s advanced infrastructure and technology adoption further support market growth.
  • The Asia Pacific region is anticipated to experience the fastest growth, driven by the increasing adoption of modern poultry farming practices and the expansion of livestock production. Countries such as China and India are seeing significant investments in poultry farming, creating lucrative opportunities for market players.
  • Europe presents substantial growth opportunities due to the rising demand for poultry products and the increasing focus on animal welfare. Countries like Germany and the UK are witnessing a surge in poultry production, supported by advancements in feeding technology.

Key Market Players

Several leading companies are actively involved in the poultry feeder market, focusing on innovation and strategic collaborations to strengthen their market position. Notable players include:

  • SKA Poultry Equipment: Known for designing and manufacturing commercial chicken feeders that cater to free-range and organic farming needs.
  • Kenpoly Manufacturers Limited: A major player in the plastics sector, offering a wide range of agricultural and industrial products, including poultry feeders.
  • INDIV USA: A reputable supplier of poultry industry equipment, providing feeders, drinkers, and other essential tools for efficient poultry farming.

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Other key players operating in the poultry feeder market are

  • Brower
  • AZA International SRL
  • Big Dutchman
  • Chore time
  • Exafan
  • Le Roy
  • Ningbo Joygen
  • Retech Farming
  • Roxell BVBA
  • SouthWest Agri-Plastic Inc.
  • Stoutagri

Poultry Feeder Market Segmentation

By Capacity:

  • Less Than 1 Kg
  • 1-5 Kg
  • 6-10 Kg
  • More Than 10 Kg

By Product Type:

  • Drinking Equipment
  • Feeding Equipment

By Bird Capacity:

  • 1-5 Birds
  • 6-10 Birds
  • More Than 10 Birds

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Elemental Sulfur Market Poised for Steady Growth, Projected to Reach USD 9,135.4 Million by 2033

Elemental Sulfur Market Size
Elemental Sulfur Market Size

The global elemental sulfur market is set to generate substantial revenues of USD 6,667 million in 2023. Driven by its extensive applications in industries such as agriculture, chemicals, and petroleum refining, the demand for elemental sulfur is projected to grow steadily. With a compound annual growth rate (CAGR) of 3.2%, the market is expected to reach an impressive USD 9,135.4 million by 2033. This growth trajectory underscores the critical role of elemental sulfur in various industrial processes and its increasing importance in the global market landscape.

The agricultural sector is anticipated to fuel the market’s expansion throughout the projected period due to its strong growth rate and rising investments and production. A significant problem connected with sulfur recovery is the release of undesirable hydrogen sulfide and sulfur dioxide emissions, restraining the market’s expansion over the projection period.

Production must maintain pace with consumption’s ongoing expansion. The expanding world population is likely to increase future demand for elementary sulfur. Eventually, food prices must be high enough to encourage spending and production growth. The generation of H2SO4, primarily used to create fertilizer, is one of the many industrial uses for elemental sulfur.

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The Middle East and the mainland now have new facilities for the elemental sulfur process. Due to China’s growing coal chemical industry and the strict environmental regulations it has spawned, multiple recovery plants have been built, increasing production by 8%.

Key Takeaways

  • By 2033, the elemental sulfur market in the United Kingdom is likely to expand, with a CAGR of 2.2%.
  • In 2023, the United States is projected to dominate the market share of 12% in the elemental sulfur sector.
  • The elemental sulfur market was significantly expanding, with a size of US$ 6,467 million in 2022.
  • By 2033, the elemental sulfur market in China is projected to expand, with a CAGR of 3.9%.
  • In 2023, Germany is expected to expand significantly in the elemental sulfur business, with an expected share of 4.1%.
  • By 2033, India is projected to grow considerably in the elemental sulfur market, with a share of 4.5%.
  • In 2023, Australia is likely to develop substantially in the elemental sulfur business, with an expected share of 1.2%.
  • Japan’s elemental sulfur industry share is likely to expand significantly, with a 4.6% share in 2023.
  • In 2023, the oil segment is expected to lead the market with a share of 49.6% and is likely to hold a top spot in the market in terms of source by 2033.
  • Agrochemicals are predicted to hold the top rank in the market in terms of application by 2033 and to have a market share of 53.5% in 2023.

Competitors Winning Strategies

Elementary sulfur manufacturers are introducing cutting-edge sulfur-based fertilizers to take advantage of the rising demand as knowledge of the value of sulfur in fertilizers continues to increase. Key elemental sulfur businesses compete with several local players and emerging start-ups regarding production capacity, technical improvements, and customer connections to obtain a competitive edge in the market.

Top Key Players in the Global Market

  • The Saudi Arabian Oil Company
  • Marathon Petroleum Corporation
  • Exxon Mobil Corporation
  • Tengizchevroil
  • Valero Energy Corporation
  • Sinopec Corp.
  • Royal Dutch Shell Plc.
  • Pemex
  • OAO Gazprom
  • Abu Dhabi National Oil Company

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Key Segmentation of the Elemental Sulfur Market

By Application:

  • Agrochemicals
  • Chemical & Petroleum Refining
  • Rubber & Plastics
  • Mining & Metallurgy
  • Paper & Pulp

By Source:

  • Gas-Based
  • Oil-Based
  • Mining

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Rising Smart Home Technology Fuels Electronics Adhesives Market to USD 12.1 Billion by 2033

Electronics Adhesives Market Value
Electronics Adhesives Market Value

The global electronics adhesives market is anticipated to reach a valuation of USD 5.1 billion in 2023, fueled by the rapid advancements in smart home technologies. These advancements are driving demand for high-performance adhesive solutions that can meet the needs of increasingly complex electronic components. This trend is set to create significant new opportunities in the market, propelling its growth at a projected CAGR of 9.0% from 2023 to 2033. By 2033, the market is expected to achieve a total valuation of approximately USD 12.1 billion, underscoring the critical role of electronic adhesives in the evolving landscape of smart technology.

One of the primary factors driving the growth of the electronics adhesives market is the rapid advancement and innovation in electronic devices. The demand for smaller, lighter, and more compact electronic products has increased significantly, leading to the need for adhesive materials that can provide strong and reliable bonding in miniature applications. Electronics adhesives, with the trend of miniaturization, play a crucial role in ensuring the secure attachment of components, enabling the seamless integration of complex electronic systems.

Another significant factor contributing to market growth is the increasing complexity of electronic device designs. The need for adhesives that can bond diverse materials and substrates has intensified, as electronic devices become more sophisticated and multifunctional. Adhesive solutions with compatibility across various surfaces, such as metals, plastics, ceramics, and glass, are in high demand. Manufacturers require adhesives that offer excellent adhesion strength, thermal stability, and resistance to environmental factors like moisture, temperature variations, and chemicals.

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The rise of emerging technologies is also anticipated to escalate the growth of the electronics adhesives market. Technologies such as 5G, Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR) are creating new opportunities in the electronics industry. The technologies demand reliable and durable adhesive solutions for applications ranging from high-speed communication systems to advanced sensor devices. Electronics adhesives play a vital role in ensuring the performance, durability, and reliability of these advanced electronic systems.

The increasing focus on sustainability and environmental regulations is influencing the electronics adhesives market. Manufacturers are seeking adhesive solutions that are environmentally friendly, low in volatile organic compounds (VOCs), and comply with stringent regulations. The development of eco-friendly adhesives that offer comparable performance to traditional counterparts is becoming a key focus area, driving the demand for sustainable adhesive solutions.

The semiconductor industry is experiencing rapid growth and technological advancements. The transition towards advanced packaging technologies such as system-in-package (SiP), fan-out wafer-level packaging (FOWLP), and 3D packaging requires innovative adhesive solutions to ensure reliable connections and thermal management. Electronics adhesives play a critical role in bonding and protecting semiconductor devices, driving the demand for specialized adhesive formulations.

Key Takeaways from the Market Study

  • The global electronics adhesives market was valued at US$ 4.7 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 6.5%.
  • China is expected to hold a dominant CAGR of 8.5% during the forecast period.
  • By Material Type, the Polyurethane segment is expected to constitute a CAGR of 8.5% in 2033.
  • On the basis of End-Use, the automotive sector segment is expected to dominate the market with a CAGR of 8.6% in 2033.
  • From 2023 to 2033, electronics adhesives market is expected to flourish at a CAGR of 9.0%.
  • By 2033, the market value of electronics adhesives is expected to reach US$ 12.1 billion.

Technological advancements in adhesive formulations, across the globe is a major factor that is expected to propel the growth of the electronics adhesives market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the Electronics Adhesives market are 3M, Dymax Corporation, DOW Chemical Company, Henkel AG & Co. KGaA, H.B. Fuller Company (Royal Adhesives & Sealants LLC), Evonik Industries AG, Sika AG, Bostik AG, ThreeBond, Shin Etsu Silicones, Konishi Co, LTD., TERAOKA SEISAKUSHO CO., LTD., TOMOEGAWA, and YAMATO Co., Ltd., among others.

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Recent Developments

  • In 2021, B. Fuller announced the development of a new generation of UV-curable adhesives for electronics assembly. These adhesives offer rapid curing, high bond strength, and enhanced environmental resistance, enabling efficient production processes and improved product performance.
  • In 2021, Henkel launched a new series of electrically conductive adhesives (ECAs) for automotive electronics applications. These adhesives provide reliable electrical conductivity, excellent adhesion to various substrates, and resistance to harsh automotive environments.
  • In 2020, 3M launched a new series of thermally conductive adhesives designed for bonding and dissipating heat in electronic devices. These adhesives provide efficient thermal management, enabling improved performance and reliability of electronic components.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global electronics adhesives market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the electronics adhesives market, the market is segmented on the basis of material type (polyurethane, acrylics, silicones, and epoxy), by end-use (thermal management, conformal coatings, encapsulation, surface mounting, wire tacking, soldering, underfills, sealing, and constructional), by application (mobiles and telecommunication devices, desktops and networks, televisions, home appliances, automotive electronics, aerospace electronics, analytical & measurement instruments, and other industrial), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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