Global Humectants Market to Reach USD 24 Billion by 2033, Growing at a 5% CAGR

 

The global humectants market, currently valued at USD 14.72 billion, is anticipated to experience steady growth with a compound annual growth rate (CAGR) of 5% during the forecast period. This growth is driven by increasing demand across various industries such as food and beverages, cosmetics, pharmaceuticals, and personal care products, where humectants play a crucial role in retaining moisture and enhancing product stability.

By 2033, the packaging food market and cosmetics market will generate USD 24 billion in sales of the humectants market. Recently, humectants have gained popularity in the food and beverage industry because they prolong the shelf life of products, help to retain moisture, and enhance the effectiveness of products by increasing their function. Due to the increase in food and beverage production, cosmetics and technological advancements, and a change in lifestyle, the global humectants market remains in high demand.

It is anticipated that the market for humectants will continue to grow in coming years as the demand for food & beverage, personal care, and cosmetic products is expected to increase in developed countries such as Europe and North America. As food humectants are helpful to keep the moisture of products, they are a major focus of interest in ready-to-eat meals and snacks. As disposable incomes rise along with a change in lifestyle, Asia Pacific is predicted to be the fastest growing market for cosmetics, which will ultimately drive growth in the humectants industry.

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Key Takeaways from the Market Study

  • According to market forecasts, the global humectants market is set to reach US$ 24 Billion by 2032.
  • According to projections, China will grow at a CAGR of 5.8% between 2023 and 2033.
  • Skincare products are expected to account for more than 40% of the global market.
  • U.K., Germany, and the U.S. are expected to grow at a combined rate of 42.6% over the forecast period.
  • According to market projections, the North American humectants market is expected to grow by 33% by 2033 during the forecast period.

“Surging demand for conventional food and beverage products, as well as an increase in the use of natural ingredients in cosmetics and personal care products, will boost the market in the coming years,” comments an analyst at FMI.

Competitive Landscape

Archer Daniel Midland Company, Ashland Global Holdings Inc., BASF SE, Barentz, Brenntag AG, Cargill Incorporated, Ingredion, Roquette Freres, The DOW Chemical Company.

Strategic partnerships allow manufacturers to increase production and meet consumer demand, which boosts revenue and market share. Utilizing new technologies and products to manufacture that are beneficial to the end user. Strategic partnerships can help companies expand their production capabilities.

  • A new humectant will be produced at a Vantage Specialty Chemicals plant in Leuna, Germany. Liponic EG-1 (INCI: Glycereth-26) is a humectant manufactured by Vantage Specialty Chemicals. As the demand for palm-free, naturally derived humectants grows, Vantage will be able to supply the growing demand. By enhancing local availability and enhancing service levels, Vantage will be able to provide better service to European customers with the new production line at the Leuna facility.
  • As a result of the extension, Liponic EG-1 will also be able to secure a secure supply chain worldwide. As a result of enhanced traceability, Liponic EG-1 VLG will be marketed at Leuna. Also, this investment is intended to contribute to the reduction of the company’s carbon footprint globally. Liponic EG-1 will reduce its environmental impact due to its close proximity to European customers.
  • In Malaysia, CETAPHIL® is the #1 dermatological skincare brand, and the company is excited to announce the new Cetaphil Soothing Foam Wash, designed for dry to normal sensitive skin and designed to provide optimal comfort.

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More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the humectants market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the humectants market analysis report by Product (Sugar Alcohol, Alpha Hydroxy Acid, Glycols, Others), by Application (Food & Beverage, Oral & Personal Care, Pharmaceutical, Other), by Region – Global Forecast 2023-2033

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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Market Insights: Gluten-Free Tortilla Industry Expected to Grow at 6.4% CAGR, Reaching USD 11.8 Billion by 2032 | FMI

According to Future Market Insights, the gluten-free tortilla market is expected to witness growth at a CAGR of 6.4% and touch a valuation of USD 11.8 Billion by 2032. Growing preference for health and wellness has skyrocketed which is pushing the demand for healthy alternatives for food products. This is expected to improve the demand for gluten-free tortillas over the forecast period (2022 to 2032).

Gluten-free tortillas are made from gluten-free grains such as corn, rice, and potatoes starch. They have the same nutritional profile, however, they do not cause any inflammation to the intestine to consumers who are sensitive to gluten.

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Tortillas can be served with a variety of beans, vegetables, and cheese dips for a quick and healthful snack. With rising consumption of convenient, healthy, and ready-to-cook food products, demand for quick-to-prepare snacks such as gluten free tortillas is projected to grow.

Key Takeaways from Market Study

  • The gluten free tortillas market is expected to increase at CAGR of 6.0% in North America and reach a valuation of USD 1.5 Billion by 2032.
  • Asia Pacific is expected to account for 17% of the global gluten free tortillas market share during assessment period.
  • Europe gluten free tortillas market is expected to reach USD at 1.3 Billion by 2022 with the U.K. spearheading the growth in the region
  • By source, corn tortillas segment is expected to hold the highest market share and is expected to increase at a CAGR of 6.1% between 2022 and 2032.

 “Gluten free tortilla manufacturers are leveraging their healthy food alternatives to capitalize on growing demand for healthy food products. They are also adopting strategies such as transparency and sustainability of brands to standout in the competition.” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of gluten free tortillas are working collectively to develop new product variants to cater to the rising demand for healthy food products.

  • The Full Wrap, a gluten-free tortilla created from sprouted legumes, won the Kraft Heinz Co.’s Future Food-Tech innovation competition on Sept. 30.2021 where  in the   objective of the competition was to come up with new ways to use beans or pulses, which are legumes.

Leading Companies Profiled in Gluten Free Tortilla Market are

  • Azteca Foods Inc.
  • Gruma SAB de CV
  • Grupo Bimbo SAB de CV
  • Grupo Liven, S.A.
  • Tyson Foods, Inc
  • Ole Mexican Foods Inc.
  • General Mills, Inc.

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Gluten-Free Tortilla Market by Category

By Source:

  • Corn
  • Rice
  • Tapioca
  • Potato Starch

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

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

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Explore More Valuable Insights

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

The study offers compelling insights based on Type (Modified Starch, Native Starch),  By Source (Wheat, Corn, Other), By Sales Channel Offline Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel), Online Sales Channel (Company Website, E-commerce Platform), By Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, 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 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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Global Alpha-Lactalbumin Market is Projected to Hit USD 1,316 Million by 2033 | FMI

The alpha-lactalbumin market was expected to be worth close to USD 610 million in 2022. The need for alpha-lactalbumin is rising as infant feeding formula and healthful beverages become more popular. By 2033, it’s expected to have generated USD 1,316 million, with a CAGR of 7.7% from 2023 to 2033.

The baby formula industry’s rising demand for alpha-lactalbumin has led to significant increase in the market for this protein over the past few years, and this trend is expected to keep going over the course of the next ten years. Alpha-lactalbumin demand is anticipated to have profitable development throughout the projection period because to its better nutritious content, which closely mirrors breast milk ingredients. The market expansion is predicted to be complemented by alpha-lactalbumin, a compound rich in amino acids that support maintaining as well as optimizing levels of protein for newborns.

Alpha-Lactalbumin Market
Alpha-Lactalbumin Market

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The Asia Pacific baby formula market is anticipated to grow over the course of the forecast period as a result of increasing birth rates in India and China. Alpha-lactalbumin’s expanding range of applications in nutritious meals and nutritional supplements is also anticipated to support market expansion throughout the forecasted period. Infant formula contains alpha-lactalbumin, which must be listed on the product label in accordance with regulations.  Dairy products became the market’s largest end-use industry for alpha-lactalbumin in 2022 due to its rising use in newborn formula. Infants receive enormous nutritional advantages from alpha-lactalbumin, which is the main driver driving the market for this end-use category.

In 2022, North America as well as Europe were the two biggest markets for alpha-lactalbumin, followed by Asia Pacific. In the coming years, the Asia Pacific region is anticipated to continue to have the largest market due to rising birth rates in China and India. The high demand from the baby formula market in these areas is likely to lead to considerable growth in North America as well as Europe during the forecast period.

Key Takeaways – Alpha-lactalbumin Market

  • The alpha-lactalbumin market was predicted to reach a market value of US$ 610 million in 2022.
  • The alpha-lactalbumin market expanded with a 7.3% CAGR from 2018 to 2022.
  • The dairy industry held a 56% market share of the worldwide alpha-lactalbumin market in 2022.
  • Alpha-lactalbumin was predicted to account for a share of the market of 26.4% in the United States in 2022.
  • From 2023 to 2033, the Chinese alpha-lactalbumin market is anticipated to grow at a 12.8% CAGR.
  • Alpha-lactalbumin sales are anticipated to increase in India at a 6.8% CAGR during the ten-year projection period.

“Alpha-lactalbumin has superior nutrients that nearly mimic those found in breast milk, and this is what is driving the food and beverage sector’s need for these formulations,”  remarks an FMI analyst.

Competitive Landscape – Alpha-lactalbumin Market

Major players in the global industry are increasingly focusing on acquisitions and mergers in order to broaden the breadth of their product offerings. Several additional companies want to develop new products and expand their manufacturing capacities in order to fulfill the world’s increasing demand for alpha-lactalbumin.

Prominent players in the alpha-lactalbumin market  areAgropur Cooperative, Arla Foods Ingredients, Nestlé S.A., Abcam plc, Hilmar Ingredients Inc., Fonterra Co-operative Group Limited.

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Some key developments of the leading companies in this market are:

  • Arla Foods Ingredients will introduce an alpha-lactalbumin (alpha)-rich baby formula component in 2023 to assist address the increasing demand for low-protein formulas. Numerous studies have demonstrated that consuming a lot of protein during infancy speeds up weight gain and raises the chance of becoming obese later in life. The newest whey protein isolate from Arla Foods Ingredients, Lacprodan Alpha-50, offers a fresh approach to this problem. Smaller doses can be utilized to achieve a level akin to that of mother milk because alpha accounts for at least 90% of a product’s protein content.

Key Segments Profiled In the Alpha-lactalbumin Market

By End Users:

  • Food & Beverage Industry
  • Infant Formula
  • Ice-cream Industry
  • Dairy Products
  • Pharmaceutical Industry
  • Others (Nutraceutical Industry)

By Region:

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

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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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Hollow Fiber Ceramic Membrane: A USD 415 Million Opportunity in Biopharma and Water Treatment

 

The market for hollow fiber ceramic membranes is expected to be valued at USD 166.6 million worldwide by 2023. It is projected that there will be a CAGR of 9.6% between 2023 and 2033. It is projected that the hollow fiber ceramic membranes market will be valued at approximately USD 415.0 million by 2033. Throughout the evaluation period, a potential total of USD 248.4 million is anticipated to be generated.

One leading element driving demand for hollow fiber ceramic membranes is the ongoing global expansion of the biopharmaceutical industry. Demand is also anticipated to be boosted by rising single-use technology adoption and the necessity for continuous manufacturing.

It is predicted that the world’s population growth will cause freshwater supplies to become scarce. Demand is anticipated to increase because of hollow fiber ceramic membranes’ capacity to remove impurities, diseases, and pollutants from water sources.

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It is also anticipated that hollow fiber ceramic membranes will be used in the global pharmaceutical, food and beverage, and electronics industries. Industries that use high-quality water for manufacturing might require these membranes as they can provide a greater level of filtration efficiency. Demand might also be influenced by their capacity to guarantee that the treated water adheres to stringent government standards.

Hollow fiber ceramic membranes might be used in a few industrial processes, including separation, nanofiltration, and microfiltration. They are expected to be used in an assortment of production processes due to their strong chemical and heat resistance.

Hollow fiber ceramic membranes might consume less energy than other filtration techniques such as reverse osmosis. It is believed that this would make them the best option for uses such as the desalination and treatment of brackish water. Demand is expected to be supported by industries looking for energy-efficient and affordable solutions.

Key Takeaways from Hollow Fiber Ceramic Membranes Market Report

The global hollow fiber ceramic membranes industry expanded at an astonishing CAGR of 12.0% in the historical period.
The United States hollow fiber ceramic membranes industry is set to reach a valuation of US$ 75.5 million by 2033.
China is projected to capture a valuation of US$ 67.2 million in the hollow fiber ceramic membranes industry by 2033.
In terms of end-use, the biotechnology segment is expected to witness a CAGR of 9.2% in the forecast period from 2023 to 2033.
Based on application, the ultrafiltration segment is projected to showcase a moderate CAGR of 9.4% in the review period.

“Hollow fiber ceramic membranes are anticipated to have a long lifespan and high level of durability, leading to a low rate of replacement. They are expected to be greatly preferred in industries that place a strong emphasis on sustainability due to their reduced chemical use and low energy use.” – Says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Leading hollow fiber ceramic membrane manufacturers are expected to invest huge sums in research & and development activities. They are expected to launch new manufacturing processes, designs, and materials to reduce production costs and improve performance.

A handful of companies are focusing on educating several sectors and clients about the applications and advantages of hollow fiber ceramic membranes. They are conducting webinars, seminars, and workshops to attract their target audience.

Recent Developments-

  • NGK Insulators, a Japan-based ceramics company, developed a carbon dioxide separation membrane for producing exhaust gas in December 2021. During testing, the carbon dioxide separation factor of this membrane outperformed that of the more popular DDR-type zeolite membrane by a factor of around five.
  • A technology start-up from the United Kingdom named G2O Water Technologies secured its first commercial contract in July 2021 to use graphene oxide to enhance water filtration membranes. This was hugely significant for the technology sector and the global water industry. It was the first commercially viable application of the freshly discovered substance for water treatment.

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Top Key Players

  • Atech Innovations GmbH
  • Ceraflo
  • CoorsTek, Inc.
  • I2M
  • Koch Membrane

Get More Valuable Insights on Hollow Fiber Ceramic Membranes Market

Future Market Insights (FMI) has released an objective assessment of the global hollow fiber ceramic membranes industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

The hollow fiber ceramic membranes market is segmented by application (ultrafiltration, microfiltration, and nanofiltration) and end-use (biotechnology, chemical processing, water & wastewater processing, pharmaceutical, food & beverage, and others) across different regions from 2023 to 2033.

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,
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Banking-as-a-Service (BaaS) Platform Market is Expected to Reach a Strong Valuation of USD 16,715.3 Million by 2033 | FMI

According to Future Market Insights (FMI), the banking-as-a-service (BaaS) platform market is poised to register a CAGR of 16.2% from 2023 to 2033. The market is expected to reach USD 3,713.7 million in 2023 and USD 16,715.3 million by 2033.

BaaS is an end-to-end model that enables online banks and other third parties to link directly with bank systems via APIs, allowing them to build banking offerings on top of the providers’ monitored infrastructure while also unlocking open banking possibilities, transforming the worldwide financial services scenery.

A number of nations have started to implement open banking legislation, signaling that the financial services sector is headed towards an era in which shared data and infrastructure will become a requirement of customers. Legacy banks that develop their own BaaS Market platforms today will not only be ahead of their competitors in the open banking potential but will also unleash a new revenue stream by financing their services.

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Furthermore, rising knowledge of Internet banking is propelling the BaaS business forward. Because clients use Internet banking to access a range of services, such as 24-hour banking, money transfers, balance checks, account statements, and electronic purchases, delivering these services is undeniably more dependable.

Key Takeaways

  • According to the analysis, the United Kingdom would increase at a CAGR of 16.1% during the next few decades.
  • The United States has emerged as a key market, accounting for more than 36.3% of global demand in 2022.
  • Between 2023 and 2033, sales in India are expected to expand at a 26.1% CAGR.
  • By solution, banking as a service APIs held a strong 46% market share in 2022.
  • The market increased at a 14.1% CAGR during the previous five years (2018-2022).

“Many experts in the fintech industry now view embedded finance as a new opportunity for banking-as-a-service to flourish, when non-fintech firms add credit or debit cards, loans, or other financial services to their offerings. This has resulted in the development of new growth opportunities for fintech firms in the BaaS platform market.”says FMI analyst.

Competitive Landscape

A large number of industry leaders in the banking-as-a-service (BaaS) platform market are developing sophisticated and new solutions to fulfil the ever-changing demands of diverse organizations.

  • In June 2022, Raiin Bank, a German BaaS provider, proposed to acquire Bankhaus August Lenz, a German private bank. With this transaction, Raising Bank enters the monetary market. Raisin Bank will be able to provide digital payment services as well as cash choices to its affiliates and clients.
  • Temenos (Switzerland) announced the formal launch of Qik Banco Digital Dominicano on the Temenos Banking Cloud on March 16, 2023. It is now the Dominican Republic’s first digital-only bank and a Grupo Popular affiliate.

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Key Players

  • Sopra Banking Software
  • Solarisbank AG
  • Bankable
  • Treezor
  • 11:FS Foundry
  • Clearbank Ltd.
  • Q2 Software, Inc.
  • Green Dot Corporation
  • Sterling National Bank
  • Banco Bilbao Vizcaya Argentaria (BBVA), S.A
  • Unit Finance Inc.
  • Starling Bank
  • Treasury Prime
  • ADVAPAY OÜ
  • Technisys

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Banking-as-a-Service (BaaS) Platform market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Solution (Banking as a Service Platform, Banking as a Service APIs, Services), Enterprise Size (Small & Mid-sized Organizations, Large Organizations), End User (Banks, FinTech Corporations, Investment Firms) & Region.

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Key Segments Covered in the Banking as a Service (BaaS) Platform Industry Survey

By Solution:

  • Banking as a Service Platform
  • Banking as a Service APIs
  • Services
    • Payment Processing Services
    • Digital Banking Services
    • KYC Services
    • Customer Support Services
    • Others

By Enterprise Size:

  • Small & Mid-sized Organizations
  • Large Organizations

By End-User:

  • Banks
  • FinTech Corporations
  • Investment Firms
  • Others

By Region:

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

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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Security Operation Centre as a Service Market is Projected to Grow at a Strong CAGR of 10.90% from 2024 to 2034

In 2023, the security operation centre  as a service market is expected to be worth USD 6.3 billion. The sector is expected to be worth USD 7 billion by the end of 2024. The global market for security operation center as a service is estimated to grow at a 10.90% CAGR during the forecast period, reaching USD 19.7 billion by 2034.

Security operation centre as a service are becoming more important as IT systems become more complex, encompassing cloud infrastructure, IoT devices, and various application landscapes. Organizations need comprehensive security solutions that can effectively monitor and safeguard their changing digital environments.

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Key Takeaways from the Market Analysis

  • The market for security operation centre as a service garnered a 9% CAGR throughout the historical period.
  • Throughout the projected period, the security operation centre as a service market in the United States is expected to rise at a 8.80% CAGR.
  • Japan market for security operation centre as a service is likely to develop at a 10.40% CAGR between 2024 and 2034.
  • Security operation centre as a service market will rise at a 12.20% CAGR in Germany over the course of the projected period.
  • From 2024 to 2034, the security operation centre as a service market in China is anticipated to expand at a 11.50% CAGR.
  • Over the course of the projected period, the security operation centre as a service market in Australia is likely to propel at a rate of 14.50% CAGR.
  • By 2024, the BFSI category by industry type is predicted to have a 25% market share.
  • By 2024, the large enterprise sector is expected to hold 62% of the global market by enterprise size.

Competitive Landscape

To increase profitability, companies within the security operation center as a service industry are integrating cutting edge technology. AI and machine learning (ML) play critical roles in enhancing threat detection along with response capabilities, resulting in proactive cybersecurity solutions.

Automation technologies simplify processes by lowering costs and increasing efficiency. Scalability and flexibility are enabled by cloud based solutions, which cater to the ever changing cybersecurity scenario. The use of sophisticated analytics as well as threat intelligence enables security operation center as a service providers to deliver complete and adaptable security services, resulting in revenue growth.

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Key Players

  • Thales
  • AT&T
  • IBM CORPORATION
  • Check Point Software Technologies
  • Atos SE
  • Arctic Wolf Networks
  • CloudFlare Inc.
  • Verizon
  • Fortinet Inc.
  • NTT

Key Developments

  • In 2023, IBM and Palo Alto Networks announced that their strategic relationship would be expanded to better assist clients to enhance their end to end security postures and overcome changing security threats. Palo Alto Networks, a global cybersecurity leader, will join a limited group of key IBM Consulting partners, and IBM Consulting will be Palo Alto Networks’ top security services partner.
  • In 2023, Check Point® Software Technologies Ltd. announced a significant upgrade to its Check Point Infinity Global Services package. Businesses need more sophisticated tools and knowledge for managed network security, secure cloud migration, and managed detection and remediation (MDR) services. The millions of open cybersecurity jobs worldwide and the unparalleled surge in cyberattacks highlight this demand. Check Point extends Infinity Global Services with new managed security services spanning networks, cloud, and security operations in this context.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global security operation centre as a service market, providing historical data for 2018 to 2022 and forecast statistics from 2024 to 2034.

To understand opportunities in the global security operation centre as a service market, the market is segmented on the basis of threat type (advanced persistent threats, insider threats, distributed denial of service attacks, malware & ransomware, phishing & social engineering attacks, others), service type (prevention service, detection service, incident response service), offering (fully managed, co managed), application (network security, cloud security, endpoint security,application security, others), enterprise size (large enterprises, SMEs), industry (BFSI, healthcare, it & telecommunications, retail & consumer goods, media & entertainment, transportation and logistics, government, manufacturing, others) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

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Segmentation Analysis of the security operation center as a service Market

By Threat Type:

  • Advanced Persistent Threats (APTS)
  • Insider threats
  • Distributed Denial of Service (DDOS) attacks
  • Malware and ransomware
  • Phishing and social engineering attacks
  • Others

By Service Type:

  • Prevention service
  • Detection service
  • Incident response service

By Offering:

  • Fully managed
  • Co-managed

By Application:

  • Network security
  • Cloud Security
  • Endpoint Security
  • Application Security
  • Others

By Enterprise Size:

  • Large Enterprises
  • SMEs

By Industry:

  • BFSI
  • Healthcare
  • IT and Telecommunications
  • Retail and Consumer Goods
  • Media and Entertainment
  • Transportation and Logistics
  • Government
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The 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.

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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NVMe Over Fiber Channel Market is Expected to See a Growth of 23.9% CAGR by 2033 | Future Market Insights, Inc.

The global NVMe over fiber channel market is forecast to register a CAGR of 23.9% from 2023 to 2033, expected to conclude at USD 388,623.5 million by 2033, as per Future Market Insights. In 2023, the market for NVMe over fiber channel is estimated to exceed USD 45,461.6 million.

According to the study, the NVMe over fiber channel market would rise by 22% year on year in 2023. Among product categories, NVMe SSD will continue to hold the biggest market share. Throughout the evaluation period, the category is predicted to grow at a slightly lower than 30% CAGR.

Furthermore, as cloud computing and the Internet of Things have grown in popularity, there has been a tremendous increase in the aggregate amounts of data recorded, generated, duplicated, and consumed globally. Furthermore, it is expected that the volume of digital data developed over the next five years will be far larger than the volume of data generated since the birth of digital storage.

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With such an increase in data creation, there is an increased demand for data processing and storage techniques and technology. NVMe over fiber channel provides a highly optimized storage solution with lower latencies. As a result, NVMe technologies are rapidly being employed in SSDs, servers, and storage appliances, fueling market expansion.

Key Takeaways

  • Over the historical period, the worldwide market grew at a CAGR of 21.8%.
  • The Indian market is expected to grow at a CAGR of 27.9% in the future decades.
  • The United States has emerged as a key market, accounting for more than 21.1% of overall demand in 2022.
  • Over the next several decades, the Chinese market is expected to grow at a CAGR of 25.5%.
  • The NVMe SSD segment had the highest market share of 36.1% in 2022.

“With a large increase in data creation, there is an increased demand for data processing and storage techniques and technology. NVMe over fiber channel provides highly efficient storage while lowering latencies. As a result, NVMe technologies are rapidly being employed in SSDs, servers, and storage appliances, propelling the industry forward.”says FMI analyst.

Competitive Landscape

  • SANBlaze Technology Inc., a leading global provider of sophisticated storage test and validation techniques, disclosed in October 2022 that it is partnering with the University of New Hampshire InterOperability Lab (UNH-IOL) to create OCP (Open Compute Project) test programs, employing both the teams’ combined knowledge in testing NVMe and sophisticated storage systems.
  • Based on a January 2023 report, Turkish array maker NGX is working on “a substitute to NetApp, Massive Data, Infinidat, and various other US competitors” depicting cloud, software-defined retrieval, and NVMe-over-fabrics. NGX is bringing out an upgrade of their solution that enables NVMe-over-fabrics. For Ethernet installations, this will most probably be NVMe-over-TCP, followed by Fibre Channel.

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Key Players

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

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global NVMe Over Fiber Channel market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Product (NVMe All-Flash Storage Arrays, NVMe Switch Adapters, NVMe SSD), Enterprise Size (SMEs, Large Enterprises), End User (Data Centers Vendors, Networking Vendors, Telecom Service Providers, Government, Enterprises) & Region.

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Key Segments Covered in the NVMe Over Fiber Channel Industry Report

By Product:

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

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By End-User:

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

By Region:

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

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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Molluscicide Market Set for Surge: How Improved Crop Protection is Fueling Growth

Molluscicide Market
Molluscicide Market

The global molluscicide market is expected to reach a valuation of USD 126.4 million in 2023, according to Future Market Insights (FMI). Global molluscicide sales are anticipated to increase at a 6.9% compound annual growth rate (CAGR) between 2023 and 2033, bringing the total market size to USD 247.4 million.

Demand in the market is anticipated to remain high for biological molluscicides owing to their safe and environmentally friendly nature. As per the latest report, biological segment is poised to exhibit a CAGR of 6.8% through 2033.

Growing focus on protecting crops from snail and slug infestation is a prominent factor expected to drive the global molluscicide industry.

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Mollusks such as slugs and snails are harmful pests for fruits, crops, vegetables, ornamental plants, and ecosystems. They are known for their destructive nature on cultivated plants. As a result, need for controlling these pests is becoming more and more important day by day.

Molluscicides are substances or chemicals used to control or kill mollusks, especially those that pose threats to crops. These pesticides are being used across verticals such as agriculture, gardening, aquaculture, etc.

Rising food insecurity along with reduction in arable land is expected to positively influence molluscicide sales during the assessment period.

Mollusks are a great threat to agriculture, causing severe yield losses in a variety of crops globally. To address this and improve crop yield, farmers are increasingly utilizing biological and chemical molluscicides, thereby fostering market growth.

Another prominent factor boosting the target market is the growing popularity of biological molluscicides.

Due to limited number of chemical molluscicides on the market and awareness about their negative impact, end users are rapidly shifting their preference towards eco-friendly molluscicides.

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Key Takeaways from the Molluscicide Market Report:

  • The global molluscicide industry valuation is anticipated to reach US$ 126.2 million by 2033.
  • Based on source, biological segment is expected to progress at 6.8% CAGR through 2033.
  • Based on form, pellet segment is poised to exhibit a CAGR of 6.7%from 2023 to 2033.
  • The United States molluscicide market is projected to cross a valuation of US$ 45.6 million by 2033.
  • China market is anticipated to top a valuation of US$ 43.7 million by 2033.
  • Demand for molluscicides in South Korea is predicted to rise at 6.7% CAGR.
  • The United Kingdom market is set to expand at 6.8% CAGR through 2033.
  • Molluscicide sales revenue in Japan is predicted to reach US$ 85.7 million by 2033.

“Rising concerns about food insecurity and growing need for improving food protection are creating a conducive environment for the development of the molluscicide industry. To increase their sales and walk with the changing trends, key companies are focusing on developing natural and eco-friendly molluscicides.” – says a lead Future Market Insights (FMI) analyst

Competitive Landscape

Bayer, Lonza, Certis USA L.L.C., Philagro, Zagro, Adama Agricultural Solutions, Agchem Manufacturing Corporation, AMGUARD Environmental Technologies, Neudorff, and Marrone Bio Innovations among others are few of the leading molluscicide manufacturers listed in the report.

These key players are concentrating on introducing new safe and eco-friendly molluscicides to help farmers in managing and controlling the population of mollusks. They are also inclined towards employing tactics such as acquisitions, facilities expansions, mergers, agreements, partnerships, and collaborations to solidify their market positions.

Recent developments:

  • In June 2020, a novel ferric phosphate-based molluscicide called Gusto IRON was launched by ADAMA for controlling slug population in the United Kingdom.
  • In December 2022,AgriNova New Zealand Ltd. was acquired by ADAMA Ltd. The acquisition will help the company to expand its offerings and solidify its position.

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More Insights Available:

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the global molluscicide industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals market projections based on source (biological and chemical), form (pellet and liquid/gel), application (agricultural and non-agricultural), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and 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 ~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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Capitalize on the Rising Demand for Bioinsecticides for Sustainable Agriculture: Reach USD 287 Million by 2033

Bioinsecticides Market
Bioinsecticides Market

By 2033, the market for bioinsecticides is expected to grow to a value of more than USD 287 million worldwide. In 2023, it’s expected to surpass a value of about USD 101.3 million. From 2023 to 2033, a compound annual growth rate (CAGR) of 11.0% is anticipated for the market.

In recent years, the market for bioinsecticides has steadily grown. It is primarily motivated by a range of strong arguments that highlight how agriculture and pest management are evolving.

The trend points to a wider shift toward environmentally responsible and sustainable agricultural practices. One of the main factors is a growing awareness of the harmful effects of traditional chemical pesticides on ecosystems, non-target animals, and human health.

Alternatives that are less harmful to the environment and human welfare are becoming more and more necessary. This is due to growing consumer and government concern about these repercussions on a global scale.

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Growing use of integrated pest management (IPM) strategies has raised the demand for bioinsecticides. IPM emphasizes the use of several pest management strategies in a comprehensive approach, which helps to reduce the over-reliance on chemical remedies.

Bioinsecticides are a good fit for IPM since they are created from living organisms including fungi, bacteria, and plants. They provide a potent management tool for pest populations. They can also aid in reducing resistance in the target pests, an issue typically associated with chemical pesticides.

As a result of increased trade and globalization, invasive pests have spread to new regions, significantly affecting ecosystems and agriculture. Bioinsecticides might be able to defeat these invasive species with a clear advantage. They can be specifically developed to eradicate these pests without harming local species.

Bioinsecticides are regarded as a preferred solution for maintaining ecological balance and biodiversity in agricultural contexts. These have excellent targeting abilities and have little impact on beneficial insects such as predators and pollinators.

Stronger regulations governing the use of chemical pesticides are motivating farmers and landowners to consider less harmful alternatives. For crops with rigorous residue regulations and those intended for export, bioinsecticides are expected to be a good choice.

They frequently have reduced maximum residue levels and shorter pre-harvest times. This regulatory pressure has led to an increasing usage of bioinsecticides as a component of an all-encompassing pest management strategy. Sales might also be boosted by the high demand for residue-free meals.

Research and advancements in biotechnology have led to the discovery of new bioinsecticide formulations that have increased efficacy and longer shelf lives. Farmers might be more likely to incorporate these things into their pest management strategies.

A greater shift toward sustainable agriculture would be reflected in a rising demand for bioinsecticides. It is anticipated that this will prioritize long-term ecological health and food security over immediate concerns.

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Key Takeaways from Bioinsecticides Market Study:

  • The global bioinsecticides market expanded at a considerable CAGR of 5% in the historical period from 2018 to 2022.
  • South Korea bioinsecticides industry is likely to create an incremental opportunity of around US$ 10.7 million in the review period.
  • Japan bioinsecticides industry is expected to top a valuation of US$ 41.6 million by 2033.
  • Based on source, the microbials segment is anticipated to witness a CAGR of about 9% in the assessment period.
  • In terms of application, the cereals and grains segment registered a CAGR of 1% between 2018 and 2022.

“Bioinsecticides might offer adaptable and unique pest control methods that are better able to handle the changing pest activity brought on by climatic changes. These pesticides typically take their inspiration from living things, including beneficial insects or microbes. Their adaptability can raise awareness of them as a safe and efficient pest control technique. This is projected to create new opportunities for leading players.” – Says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Manufacturers of bioinsecticides are investing in research & development to create novel formulations that increase product stability, shelf life, and efficacy. This covers delivery methods, adjuvants, and encapsulating technologies that maximize the release of active substances.

Utilizing biotechnology, they are creating bioinsecticides with improved characteristics such as greater specificity, faster action, and resistance to environmental influences. Creation of bioinsecticides designed to successfully target particular pests would be made possible through genetic alterations.

Advantages of utilizing bioinsecticides are being made known to farmers, agronomists, and consumers by small manufacturers who are funding instructional programs. Workshops, seminars, and online resources are used to highlight the environmental benefits and show proper application techniques.

A small number of other businesses are gaining certificates that confirm the security, effectiveness, and environmental impact of their products. Certifications such as organic certifications can increase consumer confidence and make it easier to access markets.

Top Key Players in the Global Market

  • BASF SE
  • Bayer AG
  • Certis USA L.L.C.
  • Novozymes
  • Marrone Bio Innovations

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Bioinsecticides Market Outlook by Category

By Source:

  • Microbials
  • Plants
  • Others

By Application:

  • Cereals & Grains
  • Oilseed and Pulses
  • Fruits and Vegetables
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East 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 ~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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According to FMI Supply Chain Management Market Size, Forecast, Analysis & Share Surpass USD 78.5 Billion | 2033, At 11.8% CAGR

The supply chain management market is predicted to grow at a CAGR of 11.8% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from USD 25.7 Billion in 2023 to USD 78.5 Billion by 2033 end.

The market for supply chain management is witnessing an upward market direction as the adoption of this software is surging among multiple firms and organizations. This could be ascribed to the growing cognizance pertaining to efficiency-promoting attributes of SCM software while sourcing raw materials, assembling, and manufacturing of goods or products.

Supply chain management solutions also assist with financial information, tracking inventory and warehouse, product delivery, managing order entry, etc. All these benefits of using SCM solutions are projected to push the market forward in the forthcoming years.

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Further on, SCM solution allows strategic management of work with the firm’s distribution network, thus promoting market growth. Supply chain management is witnessing increased adoption among SMEs and startups. The system offers benefits of an IT department via cloud management system sans any employment of additional staff at additional costs. This allows in-house employees to concentrate on daily business operations. The flexibility of cloud-based SCM storage provides scalability, which is significant for SMEs.

Key Takeaways from the Supply Chain Management Market Report:

  • The United States is projected to sustain its dominant market position in the forecast period by attaining US$ 16.6 Billion by 2033 end. The market is projected to grow at a CAGR of 9.6% in the meantime. The market growth can be attributed to the huge presence of adopters of such software in the region.
  • The fastest growing market for SCM software and services in China. The country is predicted to witness blistering growth rate of 11.8% CAGR over the forecast period. Growing opportunities and investments in SCM solutions are anticipated to drive market growth.
  • Japan is forecast to arrive at a market valuation of US$ 6.7 Billion by 2033, growing at a CAGR of 14.9% between 2023-2033. Surging investments by Japan to reduce its supply chain insecurity is expected to propel the market growth.
  • On the basis of solution, the software segment is estimated to witness rapid growth over the forecast period, in comparison to its counterpart. The segment is forecast to exhibit 12.8% CAGR during the stipulated time-frame.
  • On the basis of enterprise size, large enterprises are projected to lead with the largest market share. Over the forecast period, large enterprises segment is predicted to grow at a CAGR of 11.6%. Rising adoption of SCM solutions by large enterprises to integrate into the existing inventory and software is propelling segment growth.

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News Featuring Market Developments by Companies Providing Supply Chain Management Solutions:

  • In February 2022, Oracle launched Supplier Rebate Management, which is a new solution under the category of Oracle Fusion Cloud Channel Revenue Management.
  • In February 2022, Oracle revealed that Bharti Airtel opted for Oracle Fusion Cloud SCM and Oracle Fusion Cloud ERP to simplify and digitize its planning, finance, and supply chain processes.

Leading Key Players:

  • Oracle Corporation
  • SAP SE
  • Descartes Systems Group Inc.
  • Infor Inc.
  • IBM Corporation
  • Manhattan Associates
  • Kinaxis
  • Others

Recent Developments:

  • In March 2022, Descartes revealed that the company’s ShipRush less-than-truckload (LTL) and multi-carrier parcel shipping solution has been incorporated with its set of e-commerce Warehouse Management Systems (WMS). With this incorporation, the customers will now be able to enhance their shipping and warehouse performance via a unified solution.
  • In June 2021, at its global SAPPHIRE NOW conference, SAP unveiled the first step toward creating the world’s largest business network with SAP Business Network, which will bring together Ariba Network, SAP Logistics Business Network, and SAP Asset Intelligence Network. To support this central announcement, SAP is also announcing new innovations designed to help companies modernize and digitalize their business processes to become intelligent enterprises.

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Supply Chain Management Market Segmentation:

By Solution:

  • Software
    • Integrated SCM Platform/Suite
    • Supply Chain Planning
    • Warehouse Management Software
    • Transportation Management Software
    • Sourcing & Procurement
    • Order Management
    • Others Standalone Solutions
  • Services
    • Outsource Supply Chain Management Services
    • Integration & Implementation Services
    • Support & Maintenance Services
    • Consulting Services

By Deployment:

  • Cloud-Based
  • On-Premises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Retail & Consumer Goods
  • Manufacturing
  • Automotive
  • Healthcare & Pharma
  • Food & Beverages
  • Transportation & Logistics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and 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 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
LinkedIn| Twitter| Blogs | YouTube