BRIC Organic Baby Food Market Overview with Detailed Analysis, Competitive Situation and Forecast to 2031

Rising concerns among parents about side effects of chemical ingredients in baby foods have been encouraging consumers to adopt organic alternatives. There is an increased focus towards clean label trends, which is expected to bolster demand for plant-based ingredients. As per a study by Future Market Insights (FMI), the sales of organic baby foods are set to rise strongly in the years ahead. The market is expected to reflect a double digit CAGR through 2021 and beyond.

The demand for milk formula products is expected to be the highest. It is likely to account for a CAGR of approximately 20% in 2021. Applications as supplements to breast milk will continue fuelling demand for these products.

Organic baby food producers aim for nutrients rich profiles in formulations, in a growing range of flavors and targeted age group demographics. Following the covid-19 pandemic sales through online channels have witnessed an upsurge, which is unlikely to change through 2031.

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Major investments by governments towards urbanization and the rapid transition of rural populations to urban centers is creating increased potential for organic baby food sales. Consumer health and environment consciousness will contribute to greater demand for the foreseeable future.

Key Takeaways from BRIC Organic Baby Food Market Report

  • The demand for milk formula products is expected to witness a consistent rise, enabling the market register an exponential double digit growth rate between 2021 and 2031.
  • Sales through retail supermarkets will drive revenues in the industry, supported by robust supply chains.
  • The Chinese and Indian markets for organic baby foods is a key contributor to revenues on the back of large infant populations.
  • Increasing demand for vegan products will bolster growth in Brazil
  • Government initiatives undertaken to aid infant health will support growth in India and South Africa.

Easy availability of essential raw materials in countries of BRIC region, with major agrarian economies are used for the production of organic commodities. Brazil, China and India are displaying significant developments in the field of organic farming. Furthermore, increasing trade in multiple sectors in the BRIC region is likely to bolster growth of the organic baby food market. This can be widely attributed to increasing levels of investment and liberalization of trade, which opens new avenues for sales and distribution,” said a lead analyst at FMI.

bric organic baby food market characteristics and attributes with regional relevence, 2021-2031

Brand Positioning in Terms of Health Claims Creates Opportunities

Sales of baby food products are largely reliant on health claims made by brands, with information about the pros and cons of breast feeding clearly stated and available through the internet. Some of the more prominent structural and health claims used by brands include information on digestibility and characteristics associated with immune systems and growth.

Many products also come with recommendations to seek the advice of healthcare professionals prior to feeding baby foods to children below the age of 1 year, which also clearly stating the advantages of breast feeding. Also high levels of concern among parents about obesity, and added sugar and salt are key to labelling practices in the industry. While TV and radio are not given much importance, social media channels are gaining ground for promotional activities.

Warnings and recommendation labels are more common on milk supplement products over the adequate and correct use of these products, especially for toddlers transitioning to solid foods. These trends are expected to have a significant impact on developments within the industry.

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Who is Winning?

Leading players in the BRIC organic baby food market include but are not limited to H.J. Heinz Company, Nestle S.A, British Biologicals, Groupe Danone, Bellamy’s Australia Limited, Abbott Laboratories, Campbell Soup Company, Otsuka Holdings Co., Ltd. Major players are seeking to expand production capacities, widen product portfolios and geographical reach in a bid to edge out conventional baby food product manufacturers.

For example, Serenity Kids announced a US$ 3 million investment round in December 2020, aimed towards the expansion of organic baby food portfolio. Nestle, in September 2020, announced plans to expand its infant formula production operations in Russia with an investment of US$ 45.8 million including a full cycle factory in Vologda. In January 2021, Timios, based in India announced the launch of its organic baby porridge product to add to its portfolio of toddler snacks including energy bars, pre-probiotic bites, and melts.

Get Valuable Insights into BRIC Organic Baby Food Market

Future Market Insights, in its new report, presents an unbiased analysis of the BRIC organic baby food market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study provides actionable insights into growth witnessed in the market. Based on the BRIC organic baby food market on basis of Product Type, has been classified as milk formula, ready-to-feed organic baby food, dried organic baby food, prepared organic baby food, and others. Based on Distribution Channel the BRIC organic baby food market is classified as specialty outlets, supermarkets, internet or online selling, chemist/pharmacies/drugstores, and others. Regionally, the market covers Brazil, Russia, India, China and South Africa.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Herb & Spice Extracts Market Trends, Business Outlook 2027, Expanding Current Industry Status by Top Most Players

A new report by Future Market Insights titled “Herb & Spice Extracts Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” presents a holistic view of the global herb and spice extracts market and provides useful data and insights on key market dynamics, market growth, and trends and opportunities likely to prevail over a 10 year forecast period from 2017 to 2027. According to Future Market Insights predictions, the global herb and spice extracts market is estimated to be valued at US$ 11.4 Bn by 2017 end and this is anticipated to increase to US$ 18.7 Bn by the end of the forecast period in 2027, witnessing a CAGR of 5.1% in terms of value. Increasing demand for herbal products in the personal care category and more consumers driven towards ethnic flavours of herbs and spices in their diet is expected to drive the growth of the global herb and spice extracts market.

Global Herb & Spice Extracts Market: Regional Analysis

The global herb and spice extracts market revenue has been estimated by taking into account revenue of the regional herb and spice extracts markets of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. APEJ is slated to remain the largest and dominant market for herb and spice extracts throughout the forecast period, with a market value of about US$ 7.1 Bn expected by the end of the assessment period in 2027. The APEJ regional market is anticipated to grow 1.7x over the forecast period and represent absolute $ opportunity of just under US$ 3 Bn between 2017 and 2027.

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Global Herb & Spice Extracts Market: Segmental Analysis

The global herb and spice extracts market is segmented on the basis of Product Type into Herb Extracts and Spice Extracts; on the basis of Form into Powder, Liquid, and Others; on the basis of Application into Food (Sauce/dressing/condiments, Confectionery/bakery, Dairy products, Others), Beverages (Juices, RTD Tea, Alcoholic beverages, Traditional homemade drinks, Others), Personal Care (Skin Care, Hair Care, Perfumes & Fragrances, Aromatherapy, Others), Nutraceutical, Pharmaceutical, and Others; and on the basis of Sales Channel into Direct sales and Indirect sales (Specialty stores, Hyper/supermarket, E-commerce, Other retail formats).

herb and spice extracts market

  • By Form, the Liquid segment is expected to dominate the global market in terms of value share and is estimated to hold about 49% share of the global herb and spice extracts market by 2027 end. Powder is the most commonly used form as it has a wide application in home cooked foods and other food preparations.
  • Spice Extracts is the largest segment by Product Type, with a market share of more than 50% recorded during the forecast period. A high demand for spices in food and beverages, seasonings, and condiments is expected to fuel segmental growth over the forecast period.
  • In terms of Application, the Food segment will dominate the global herb and spice extracts market, with an estimated market share of more than 40% throughout the forecast period. The demand for herb and spice extracts in the food segment is likely to grow continuously during the forecast period owing to their wide application as flavouring enhancers in different types of foods and beverages.
  • By Sales Channel, the Direct Sales segment is anticipated to be the most attractive during the forecast period, with estimated market revenue to the tune of about US$ 9.7 Bn by the end of the forecast period in 2027.

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Global Herb & Spice Extracts Market: Key Players

The report profiles some of the top companies operating in the global herb and spice extracts market such as Givaudan SA, Kerry Group Plc., Takasago International corporation, Dohler GmbH, Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd., Organic Herb Inc., British Pepper & spice Company.

Product Type

  • Herb Extracts
  • Spice Extracts

Form

  • Powder
  • Liquid
  • Others

Application

  • Food
    • Sauce/dressing/condiments
    • Confectionery/bakery
    • Dairy products
    • Others
  • Beverages
    • Juices
    • RTD Tea
    • Alcoholic beverages
    • Traditional homemade drinks
    • Others
  • Personal Care
    • Skin Care
    • Hair Care
    • Perfumes & Fragrances
    • Aromatherapy
    • Others
  • Nutraceutical
  • Pharmaceutical
  • Others

Sales Channel

  • Direct sales
  • Indirect sales
    • Specialty stores
    • Hyper/supermarket
    • E-commerce
    • Other retail formats

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Super Absorbent Polymers Market by Application Type – Disposable Diapers, Adult Incontinence Products, Feminine Hygiene Products, and Agriculture Products for 2021 – 2031

Super Absorbent Polymers (SAP) Market research report categorizes the global market by Type (Sodium Polyacrylate, Polyacrylate/Polyacrylamide, Copolymers), Application (Personal Hygiene, Agriculture, Medical, Industrial, Packaging, Construction, Oil & Gas) & Geography. The growing awareness of healthcare & personal hygiene among people across the world is one of the leading factors enabling growth in the global super absorbent polymer (SAP) market. As per Future Market Insights (FMI) analysis, the market is expected to expand at 4.8% CAGR between 2021 and 2031.

What does super absorbent polymer mean?
The global super absorbent polymer market sales will increase at 4.9% CAGR between 2021 and 2031. The market is set to benefit from increasing application across diverse industries. Among all, application in disposable diapers manufacturing will account for over 76% sales in 2021.

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The chemical industry has registered significant growth in past few years and growth is expected to be continue over the near future. Owing to the increasing applications of super absorbent polymers in medical sector and agriculture sector, the SAP market is expected to reach a valuation of US$ 9.18 Bn in 2021.

Growing demand from the application of the super absorbent polymer in chemical sector will drive growth through 2021-2031. North America, Europe, and East Asia are the key markets for super absorbent polymers. Of these, East Asia is expected to remain dominant, accounting for over 28.5% of the market by 2031.

Super absorbent polymers or otherwise known as hydrogels are high weight, loosely cross linked polymer chains that are formed through the process of polymerization of acrylic acid and sodium acrylate/acrylamide. Due to the excellent property of absorbing, they are specifically used in the feminine hygienic items and diapers. Besides this, they are used in construction, packaging, and in the agricultural sector to help retain moisture in the soil.

Key Takeaways from Super Absorbent Polymers Market Study

  • Super absorbent polymers sales will continue rising in the U.S., which is expected to account for over 80% of the North America market in 2021
  • Sales in the U.K. is expected to increase by 3.7% in 2021, thanks to increase in use in disposable diapers, adult incontinence products, and other applications.
  • Germany, France, and Russia will remain lucrative pockets for sales within Europe.
  • China will account for maximum SAP sales in East Asia, while Japan and South Korea will exhibit gradual rise in demand.
  • Application in disposable diapers is expected account for 76.1% SAP sales in 2021.

Increasing awareness regarding healthcare & personal hygiene products is expected to spur to super absorbent polymer sales,” said a lead analyst at FMI.

Super Absorbent Polymers Market: Participant Insights

Key manufacturers in the Super Absorbent Polymers market, like Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., Kao Corporation. In order to gain competitive edge, they are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Super Absorbent Polymers Market by Category

By Product Type

  • Sodium Polyacrylate
  • Polyacrylamide Copolymer
  • Others

By Application Type

  • Disposable diapers
  • Adult Incontinence Products
  • Feminine Hygiene Products
  • Agriculture Products
  • Others

 By Region

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

Want to Know More?

Future Market Insights has published a market research report on the Super Absorbent Polymers market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the super absorbent polymers market through three different segments- by product type, by application and region.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Dairy Alternatives Market to Reach US$ 16 Bn Globally by 2029| FMI

Predominantly driven by considerably high prevalence of lactose intolerance, dairy alternatives continue to witness healthy sales at a global level. Once a niche sector in food industry, dairy alternatives currently represent a US$ 16 Bn market and will possibly witness a strong CAGR during the period of projection, 2019 – 2029.

Key Takeaways – Dairy Alternatives Market Study

  • There is a wide variety of dairy alternatives manufactured from different sources such as soy, oats, almond, coconut, hemp, and flax. Dairy alternatives are offered in flavored and unflavored variants. This diverse range of options is expected to boost expansion of the market.
  • The consumption of unflavored or regular dairy alternatives is higher than that of the flavored variety. However, in the forecast period, the demand for flavored dairy alternatives is anticipated to increase.
  • Organic dairy alternatives are gaining traction, especially in developed countries. Organic food consumption is the highest in the U.S., followed by European Union which accounted for retail sales of 45.2 billion and 34.3 billion respectively, in the year 2017.
  • Shelf storage of dairy products poses as a big challenge for stakeholders due to fear of spoilage. Dairy alternatives manufacturers launched shelf-stable products with a higher shelf life, which made storage of dairy alternatives economical and easier. This is anticipated to boost sales.
  • Among retail outlets, specialty stores account for the highest share in sales of dairy alternatives.

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Despite a great deal of opposition from dairy manufacturers, dairy alternatives market is expected to double in the forecast years. Nutrition, taste, easy availability of dairy alternatives, and consumer-centric approach are expected to contribute to this significant growth.

dairy alternatives market analysis and forecast

Millennials to Create Opportunity

The main consumers of dairy alternatives are millennials. Millennials show more concern towards animal welfare than any other generation as per consumer survey in 2018 by Comax Flavors, a flavor technology company for food and beverages. Additionally, as per the survey, health benefits are the main reason for which millennials consume dairy alternatives.

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To retain and capture interest of millennials in an increasingly intense landscape, manufacturers are increasing their efforts in research and development. Almost all the companies in the dairy alternatives market, which are operating at a global level, are growing at exponential rates in terms of sale. Innovative ingredient and flavour combinations are responsible for the projected high growth rate of the dairy alternatives market.

The ongoing better-for-you and clean label trend is boosting market growth. Though the growth of dairy alternatives market is not expected to decline for the next 10-15 years, constant efforts in innovation and development of effective marketing strategies are a prerequisite for growth in future.

Know More About Dairy Alternatives Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global dairy alternatives market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the dairy alternatives market based on the source (soy, almond, rice, coconut, oats, and others), product type (flavoured and unflavoured), nature (organic and conventional), and distribution channel (direct and indirect) across seven major regions.

Source

Product

  • Regular/ Unflavoured
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)
  • Flavoured
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)

Nature

  • Organic
  • Conventional

Distribution Channel

  • Direct Sales/ B2B
  • Indirect Sales/ B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Mass Grocery Retailers
    • Specialty Stores
    • Online Retail

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Mango Puree Market Demand Growth, Geographic Segmentation, Key Players Analysis To 2027

Mango puree is a pressed and blended soft creamy paste or thick liquid, which is obtained in mango pulp format. Mango puree has an accepted brix range from 14.0 – 18.0. Aseptic mango purees with a natural brix of up to 28 degrees have been produced and used for making dairy products (yoghurts, etc.), ice cream, and biscuit making (chocolate & cereal bars, etc.). There are two types of mango purees available i.e. organic and conventional mango puree. Organic mango puree is free from synthetic additives such as pesticides, chemical fertilizers, and dyes. Whereas, conventional mango puree product is processed with other additives or mixed with other suitable mixtures to form a product prepared under good manufacturing practices.

mango puree market

Future Market Insights has come up with a new research report on the global mango puree market titled ‘Mango Puree Market: Global Industry Analysis (2012 – 2026) and Opportunity Assessment (2017 – 2027)’. According to the research report, the market is expected to hold a market value of over US$ 1,000 Mn in 2017, reaching a value of over US$ 2,100 Mn in 2027. The market is anticipated to grow at a CAGR of 7.3% during the forecast period.

Global Mango Puree Market: Dynamics

The global mango puree market is experiencing an exceptional growth as the overall consumption of mangoes has increased. As the flavour is liked by a large number of people all over the world, it is used in the production of many products from different industries such as infant food, ice-cream and yoghurt, bakery snacks etc. However the market is still facing some restraints due to lack of production, strict import policies especially in the U.S., which depends completely on imports for mangoes. The market may also face a backlash from a sudden wave of health consciousness among people.

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Global Mango Puree Market: Segmental Highlights

This research bifurcates the global mango puree market into different segments that helps in easy understanding and analysis of the complete market. The segmentation is done on the basis of source, end use and region.

Here are some key highlights of the segmental analysis:

  • On the basis of source, the analysis shows that conventional form of mango puree is leading the segment with a market value of over US$ 1,000 Mn in 2017. However organic form is expected to grow at a higher rate with a CAGR of 7.9%, as compared to the CAGR of the conventional form at 7.2% during the forecast period of 2017-2027.
  • The analysis of end use shows that the beverages segment is expected to dominate the market with a market value of over US$ 570 Mn in 2017, growing at a CAGR of 7.2%.
  • The regional analysis of the global mango puree market shows that APEJ region is expected to lead the market with a market value of over US$ 300 Mn in 2017. The second place is taken by MEA with an estimated market share of over US$ 280 Mn in 2017.

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Global Mango Puree Market: Competitive Landscape

The report consists of a section dedicated to the competitive scenario of the global mango puree market. It profiles the major players leading the global mango puree market. Some of the top companies included in the report are Symrise AG, Döhler GmbH, Kiril Mischeff, Riviana Foods Pty Ltd, Nestlé S.A., The Hain Celestial Group, Inc, Newberry International Produce Limited etc.

By Source

  • Organic Mango Puree
  • Conventional Mango Puree

By End Use

  • Infant Food
  • Beverage
  • Bakery and Snacks
  • Ice Cream and Yoghurt
  • Dressings and Sauces

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Legal Transcription Market Analysis, Trends, Top Manufacturers, Growth, Scope, Opportunities and Forecast to 2029

Increasing reliance on AI/ML technologies (Artificial Intelligence and Machine Learning) has been shaping the legal transcription market over the recent past. Complementing its accelerated move towards automation, this legal sector is expected to witness major investments in automating legal transcription services. Global demand for legal transcription services and solutions accounted for revenues worth US$ 1.5 Bn in 2018, as indicated by a new intelligence report of Future Market Insights (FMI). The market value is anticipated to grow at a CAGR of ~6% during the period of projection, 2019 – 2029.

Paradigm shift from traditional stenography process to advanced digital reporting process remains the primary factor upholding demand for legal transcription services and solutions. AI/ML technologies are trending, creating potential growth opportunities for legal transcription market participants. Moreover, the growing trend of outsourcing legal processes to external firms on the basis of set parameters and timelines is expected to propel the growth of legal transcription market in the near future.
legal transcription market by region 2019

Key Takeaways – Legal Transcription Market Study

  • Heavy investments in legal tech startups in Asia Pacific is driving regional presence and innovation in the region.
  • Technological innovation and increasing penetration of next-generation technologies such as AI/ML, Natural Language Processing (NLP), Blockchain, and Analytics are expected to create potential growth opportunities in legal transcription marketplace.
  • Diverse pricing models and legal formats continue to be the key challenges in legal transcription market. However, partnerships with regional and local players are expected to be key factors fueling market growth.
  • Customers are demanding more predictability and pricing transparency when it comes to legal transcription services spending.
  • Rapid technology changes in legal and judicial systems and increasingly sophisticated client markets are some factors bolstering the demand for legal transcription services.
  • The demand for legal transcription services from legal attorneys is likely to increase at the CAGR of ~8% during the forecast period. 

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Legal firms are witnessing digital transformation, in the pursuit of a shift towards complete automation. While this will unlock several untapped opportunities for them, it is being observed that prominent legal service providers are leveraging the benefits of technologies like AI and automated speech recognition (ASR). The ones with a first-mover advantage will stay ahead in the game.

legal transcription market region wise analysis 2019 e pr

Focus Intact on Product Innovation

Legal transcription is a highly fragmented market with presence of a number of small and mid-sized regional players. Leading players in the market are focusing on product innovation, in addition to expansion of their regional footprint. Research expects strategic partnerships and collaborative alliances with local and regional leaders to be the top developmental moves of market participants.

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For instance, in April 2019, VIQ Solutions Inc., a global provider of secure, AI-driven, digital voice and video capture technology and services, entered into a significant five-year contract with the Western Australia Police Force to expand its presence in Australia. The study covers some of the leading competitors in legal transcription market, including US Legal Support Inc., Taylor Court Reporters, Aptara Inc., Lexitas Legal, Veritext, and Auscript.

Solution

  • Software
    • Digital Recording
    • Electronic Reporting
  • Service
    • Consultation
    • Transcription Services
    • Deposition Suites
  • Case Management Services

End User

  • Law Firms
  • Law Enforcement Officers
  • Legal Attorneys
  • Court Reporters
  • Others

More about Legal Transcription Market Report

FMI, in its new offering, brings to fore an unbiased analysis of the global legal transcription market, presenting historical demand data (2014 – 2018) and forecast statistics for the period, 2019 – 2029. The study provides insights on the legal transcription market on the basis of solution (software and services) and end user (law firms, law enforcement officers, legal attorneys, court reporters, and others) across eight major regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Global Phenolic Board Market – Industry Trends and Forecast to 2029

Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Phenolic Boards market. Global Phenolic Board Market, By Thickness (≤40 mm, >40 mm), Application (Interior, Building and Construction, Insulation Panel, Exterior, Furniture, Others), End Use (Residential, Commercial, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029

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Crucial information and forecast statistics, in terms of value and volume, covered in the Phenolic Boards market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis

The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Phenolic Boards market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Phenolic Boards market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Phenolic Boards market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Phenolic Boards Market: Segmentation

Valuable information covered in the FMI’s Phenolic Boards market report has been segregated into key segments and sub-segments.

The global phenolic board market can be segmented on the basis of its thickness:

  • ≤40 mm
  • >40 mm

The global phenolic board market can be segmented on the basis of its application:

  • Building & Construction
  • Interior (Bathroom & Toilet Partitions, Interior Partitions, Cubicles etc.)
  • Exterior (Wall Claddings)
  • Insulation Panel
  • Furniture
  • Others (Countertops, screens, truck beds)

The global phenolic board market is segmented on the basis of its end-use:

  • Residential
  • Commercial
  • Industrial

Phenolic Boards Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Phenolic Boards market. Competitive information detailed in the Phenolic Boards market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Phenolic Boards market report.

Key players covered in the report include:

  • Company 1
  • Company 2
  • Company 3

Important Questions Answered in the Phenolic Boards Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Phenolic Boards market been expanding during the forecast period?
  • How will the global Phenolic Boards market look like by the end of the forecast period?
  • What innovative strategies are adopted by Phenolic Boards market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Phenolic Boards market?

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Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Phenolic Boards market

Motion Control Software In Robotics Market Demand Growth, Geographic Segmentation, Key Players Analysis To 2029

A new market research report by Future Market Insights on the motion control software in robotics market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The global motion control software in robotics market was valued at ~US$ 6 Bn in 2018, and is expected to increase at a CAGR of ~ 18% between the forecast period of 2019 and 2029. This growth is majorly driven by increasing demand for industrial robot in automotive industry.

As per the findings of the report, the global motion control software in robotics market is projected to experience significant growth over the forecast period due to multiple driving factors such as growing need for vision guided robots.

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motion control software pr

Attractiveness of Developed Markets Intact

In terms of value, Asia Pacific excluding Japan holds a prominent market shares. However, the regions like North America and Western Europe are expected to project growth in the motion control software in robotics market during the period of 2019-2029. The growth of motion control software in robotics market is driving due to increasing adoption of robots in various industries in country like china among the other countries in Asia Pacific excluding Japan region. Furthermore, owing to the effects of macroeconomic factors such as rapid industrialization, urbanization, increase in investments, have increased in North America and Western Europe region.

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Adoption of Motion Control Software in Robotics Significantly High in Manufacturing Industry and Oil & Gas Refineries

The global motion control software in robotics market is segmented on the basis of robot types, robotic system type, application, software, offering, software by motion type, end use and regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East & Africa.

By End Use, the manufacturing industries segment is expected to hold the prominent market share. This is majorly driven by increasing use of robotics software in manufacturing industries for doing repetitive task like assembly, material handling, pick and place. Furthermore, the oil & gas Refining segment will be prominent throughout the forecast period.

The use of robotics software is increasing in Oil & Gas Refining as the software automates the repetitive and dangerous task of connecting drill pipes as they are shoved through miles of ocean water and oil bearing rock due to this the safety for the worker is improved

Motion Control Software in Robotics Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global motion control software in robotics market. Some of the examples of key players in the motion control software in robotics market are ABB Ltd, Fanuc, Teradyne, KUKA AG, Yamaha, Yaskawa Electric Corp, Denso Wave, Omron Corporation, Nachi Robotics System, among others.

The global motion control software in robotics market is significantly consolidated with some players holding prominent shares of the market. These players are offering motion control software in robotics under the name such as ActinSDK, KUKA Pick Control among others.

By Robot Type

  • Articulated
  • Cartesian
  • Cylindrical
  • Polar
  • SCARA
  • Delta

By Robotic System Type

  • Manipulation Robotic System
  •  Mobile Robotic System
  • Data Acquisition and Control Robotic System

By Application

  • Industrial Robot
    • Assembly Line Robot
    • Inspection Robot
    • Warehouse Robot
    • AGVs
    • Others
  • Medical Robot
    • Surgical Robot
    • Medical Transportation
    • Dispensing
    • Sanitation and Disinfection
  • Consumer Robot
    • Indoor
    • Outdoor

By Offering

  • Standard
  • Customized

By Software

  • Pick & Place
  • Drilling
  • Hold & Rotate
  • Painting
  • Striking, Punching & Blanking
  • Welding
  • Inspection
  • Cutting
  • Layout, Marking & Measurement
  • Grinding & Polishing
  • Other

By Software by Motion Type

  • Linear
  • Rotary
  • Oscillatory
  • Omni-Directional

By End Use

  • Manufacturing Industries
    • Automotive, Aerospace & Shipbuilding
    • Pharmaceutical
    • Mining and Metallurgy
    • Power
    • Consumer Electronics and Appliance
    • Electrical & Heavy Machinmery
    • Chemical & Agrochemical
    • Other
  • Oil & Gas
  • Healthcare
  • Research Academia
  • Others

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Aluminum Foam Market Research Overview 2020-2030 : Industry Growth Analysis by Key Players, Types, Applications and Forecast with Leading Regions and Countries Data

Future Market Insights (FMI) has forecasted that the global aluminum foam market will record healthy growth between 2020 and 2030, progressing at a steady CAGR of 4.5%. Furthermore, the study projects that the global value of the market will cross US$ 35 Mn by 2030. The report attributes the growth of the market to persistent demand across automotive and construction industries, owing to the material’s superior electrical, mechanical, and structural characteristics. Similarly, the study has identified increasing inclination towards sustainable raw materials and the growing trend of lightweight vehicles will bestow remunerative opportunities to market players.

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The analysts at FMI also remark that an increasing stringency of regulations restricting the usage of plastic polymer foams is asserting end-users to seek sustainable alternatives such as aluminum foam. However, the report opines that the COVID-19 pandemic poses a major challenge to the growth of the market owing to hampered operations in the automotive and construction industries, which are the major revenue drivers for the aluminum foam market.

Key Takeaways

  • Open cell foam will remain the most sought variant, capturing more than 70% of market value, backed by high strength over its counterpart, closed cell foam.
  • The automotive and transportation sector is the most lucrative end-use segment, accounting for over 1/3rd of market value.
  • Aluminum foam’s application as an energy absorber, heat exchanger, and damping structure cumulatively account for 2/3rd of the market value.
  • East Asia will remain the largest region for aluminum foam, capturing over 1/3rd of value, owing to the presence of a thriving automotive industry.
  • Europe and North America will collectively capture nearly 2/5th of value, backed by high demand in aircraft and automobile production.

“Market players are focusing on adopting advanced technologies to ensure the production of superior quality aluminum foams with high strength,” remarks FMI analyst.

COVID-19 Impact

The outbreak of COVID-19 has brought operations in the automotive, aviation, and construction sectors to a screeching halt, thus leading to a downtrend in the demand for several raw materials, including aluminum foam. Moreover, the demand contraction can be attributed to decreased spending on non-essential goods and cost cuttings by end-users.

Furthermore, supply-side challenges such as unavailability of raw materials and supply chain disruptions on the back of government-imposed travel restrictions are hindering the production of aluminum foams. On these lines, the growth trajectory of the aluminum foam market will behold fluctuations during the pandemic and the revamp appears to be slow and delayed.

Aluminum Foam Market Report: Scope

Attribute Details
Forecast Period 2020-2030
Historical Data Available for 2015-2019
Market Analysis USD Million for value and tonnes for volume
Key Regions Covered North America, Latin America, Europe, MEA, East Asia, South Asia, and Oceania
Key Countries Covered US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, Italy, France, U.K., Russia, Spain, BENELUX, Poland, Nordic, Rest of Europe, India, China, ASEAN, ANZ, Rest of APEJ, GCC Countries, Turkey, South Africa, Iran, Israel, and Rest of MEA
Key Segments Covered Nature, Customer Orientation, Packaging, Sales Channel, and Region
Key Companies Profiled Beihai Composite Materials Co., Ltd., Composite Materials Ltd., Cymat Technologies Ltd., American Elements Corporation, ERG Aerospace Corp., Hollomet GmbH, Pohltec Metalfoam GmbH, VIM Technology Ltd, Nanoshel LLC, Aluinvent Ltd., and Havel metal foam GmbH, among others.
Report Coverage Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing Available upon Request

Who is Winning?

Manufacturers of aluminum foam are enhancing their production technologies to improve the quality of end-products. Likewise, entering strategic partnerships has also been identified as a key growth strategy adopted by market players. On these lines,

  • Beihai Composite Materials Co. produces aluminum foams specifically designed for sound reduction purposes.
  • In December 2017, Cymat Technologies Ltd. entered a partnership with Spain-based Alucoil SA to produce aluminum composite panels with metallurgically-bonded aluminum foam cores.

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FMI’s report includes profiles of some of the most prominent names in the market including

  • Beihai Composite Materials Co., Ltd.,
  • Composite Materials Ltd.,
  • Cymat Technologies Ltd.,
  • American Elements Corporation,
  • ERG Aerospace Corp.,
  • Hollomet GmbH,
  • Pohltec Metalfoam GmbH,
  • VIM Technology Ltd,
  • Nanoshel LLC,
  • Aluinvent Ltd., and
  • Havel metal foam GmbH, among others.

To Know More About Aluminum Foam Market

A new market research report published by Future Market Insights (FMI) on the global aluminum foam market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through four different segments – product type, application type, end-use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

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About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Fleet Management Market to Hit US$ 11.5 Bn in 2021: Says FMI

As per the revised report by Future Market Insights (FMI), the global fleet management market is expected to expand at a CAGR of 10.4% over the forecast period (2021-2031). The growth can be attributed to growing adoption of cloud computing and big data analytics solutions for streamlining fleet management operations.

The market valuation expected to surpass US$ 11.5 Bn in 2021. Cost benefits offered by cloud-based deployments of fleet management solutions and the widespread penetration of mobile networks, with the declining costs of hardware, will drive the market for the foreseeable future.

The COVID-19 pandemic has disrupted many industries, including the fleet management market. Services have been gravely affected including transport, tourism, and distributional services by mobility and travel restrictions for public health measures.

Disruptions in services are having an economic and trade impact, in offering inputs for economic activities such connecting supply chains and facilitating trade. However, the crisis is leading to greater adoption of online services in retail, education, health, telecom, and A/V sectors.

Suppliers are boosting efforts to enhance their online businesses as consumers adopt new habits that will contribute to long-term transition towards online services. Increased usage of online services during has highlighted connectivity and technology related inconsistencies.

Operators in developing and developed nations boosted data capacity and suspended data limits even as governments issued additional wireless connectivity spectrums to enhance service capacities.

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Key Takeaways from Fleet Management Market Study

  • Support and maintenance services will hold over 59% of the market share, driven by adoption in small and medium sized enterprises.
  • Transportation applications will exhibit higher demand, holding 37.8% of the market in 2021.
  • China will lead the East Asia market, exhibiting a CAGR of over 9.1% through 2031, with growing demand for cloud-based fleet management solutions.
  • The market in the U.S. is projected to expand at a CAGR of 10% through 2031, supported by presence of key players in the market.
  • Germany will hold the lead in Europe by the end of 2031, with a CAGR of over 11.8% owing to growing prominence of data analytics and predictive maintenance trends.

“Key players are focusing increasingly on the development and implementation of new solutions for improved fleet management operations. Digital transformation is expected to create opportunities in the foreseeable future with the incorporation of autonomous vehicles through the upcoming decade,” says a Future Market Insights (FMI) analyst.

Who is winning?

The moderately consolidated fleet management market is characterized by players who are increasingly focusing on the development of new product offerings in addition to strategic geographical expansion efforts. Moreover, fleet management companies not only oversee financing and leasing, but also manage entire fleets.

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Prominent players in the fleet management market include but are not limited to TomTom N.V., Trimble Inc., GoFleet Corporation, Cisco Systems, Inc., Geotab Inc., Digital Matter, GPS Trackit, Fleetmatics Group PLC, GoGPS, Wireless Links, Embitel, Gurtam, Teletrac Navman, Linxio, StreetFleet, TigerFleet, Zebra Technologies Corp., Ruptela, Trakm8 Limited, and WebEye Telematics Group, among others.

More Valuable Insights on Fleet Management Market

A revised market research report published by Future Market Insights (FMI) on the global Fleet Management market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of component (hardware (GPS tracking devices, dash cameras, Bluetooth tracking tags, data loggers), software (fleet management software and telematics software) and services (managed services, and professional services (consulting & advisory, integration & implementation, and support & maintenance); fleet type (trucks/cars/buses, ships/vessels, aircrafts, and railcars); application (fleet tracking and geofencing, vehicle maintenance and diagnostics, driver behavior monitoring, fuel management, and others); industry (construction, manufacturing, mining, transportation, oil and gas, and others), and across six major regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.