Market Research Blog – Page 3106 – New Product Development

Forecasting Growth: Entrance Matting Market Set to Reach US$ 12.8 Billion by 2034 with a 5.8% CAGR

The global entrance matting market was valued at US$ 5.1 billion in 2019. COVID-19 sanitation issues spurred the demand for entrance mating during the years 2020 and 2021. The average growth rate for the market during the period between 2019 and 2023 was 7.5%. By 2023 end, the net valuation of the market was US$ 6.8 billion.

The global entrance matting market in 2024 is estimated to be around US$ 7.3 billion. The global market is likely to register a CAGR of 5.8% from 2024 to 2034. The total value of the global entrance matting industry by 2034 is forecasted to be US$ 12.8 billion.

Enhanced safety measures in public places and residents are the key factor driving the need for outdoor entrance mats. Greater emphasis on cleaning at public buildings, retail centers, and office buildings, among other commercial areas is driving up the demand for high-traffic entrance mats. Growing demand for innovative entrance matting from the hospitality industry is expected to fuel the advancement of the whole industry.

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Key Takeaways from the Entrance Matting Market Study Report

The United States entrance matting market is expected to advance with a CAGR of 6.1% from 2024 to 2034.
The demand for entrance matting in the United Kingdom is forecasted to witness a CAGR of 7% through the projected years.
China is the leading producer of entrance matting in Asia and is poised to register a Y-o-Y growth rate of 6.5% between 2024 and 2034.
Japan is a prominent market for entrance matting and is likely to witness a growth rate of 7.6% per year till 2034.
South Korea is observed to be the most lucrative market for entrance matting with an estimated CAGR of 8.1% from 2024 to 2034.
Based on product type, the walk-off entrance matting segment leads and is expected to register a 5.6% CAGR through 2034.
Based on the material used for making entrance matting, the market share of the nylon segment is expected to rise at 5.4% CAGR between 2024 and 2034.

“Use of sustainability & eco-friendly materials in the making of entrance mats has completely transformed the business outlook in the last few years. Customization for branding is expected to create new opportunities for the new players entering the market,” – says Analyst at Future Market Insights (FMI).

Competitive Landscape for the Entrance Matting Market Participants

Leading market players prioritize excellent materials, resistance, and durability to retain their market dominance. Smart matting technology by integration of IoT and sensors has created new opportunities for established market players. Meanwhile, new market participants can reach a wider market by creating all-season and weather-resistant entry matting options.

Recent Developments by the Entrance Matting Industry Players

In April 2022, INTRAsystems launched INTRAlux Ultimate with improved moisture absorption quality. The quick-acting fiber is 100% PVC-free and available in a wide range of color choices.

In August 2022, 3M introduced the Carpet Matting 5000 under its brand NomadTM. The dual-fiber matting with Flexion backing shields dirt and dampness to reach the floor. Designer colors paired with a heather weave match practically any décor.

Key Players Profiled in the Entrance Matting Market Report

3M Company
Advance Flooring Systems
Axis House Ltd.
Birrus Mating Systems

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Key Market Segments Covered by Entrance Matting Industry Survey Report

By Type:

Walk-off
Anti-fatigue
Logo
Specialty

By Material Type:

Nylon
Coir
Rubber
Vinyl
Jute
Cotton
Velvet
Other Materials

By Application:

Residential
Non Residential

By Utility Type:

Indoor
Outdoor

By Region:

North America
Latin America
Europe
East Asia
South Asia and 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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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

Changing Beauty Standards and a Desire for Smooth Skin Contribute to the Rising Demand for Facial Epilators, Anticipated to climb at a CAGR of 5.10% by 2034

The facial epilator market is likely to hold a valuation of US$ 749.20 million by 2034. As of 2024, the market value is US$ 457.20 million. As individuals across the world seek affordable and convenient hair removal solutions, the facial epilator market is expected to expand by 5.10% from 2024 to 2034.

In the past few years, the beauty industry has seen tremendous transitions as people worldwide adapt to at-home beauty routines. With this growing trend and people’s emphasis on self-grooming, many beauty tech products are in the market, like facial epilators. The demand for facial epilators in the general population has been increasing due to the convenience and ease of use they offer consumers without access to sophisticated grooming equipment.

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Facial epilators’ significance has increased in the beauty industry due to their affordability and versatility. Facial epilators are less irritating on the skin than razors, making their adoption very feasible. Women of all ages form an extensive consumer base in the global facial epilators market. As beauty trends amongst men are also gaining prominence, the demand for facial epilators in the male demographic is also growing steadily.

Online retailers have significantly impacted the overall sales of facial epilators in developed and developing countries. Manufacturers and key players in the market relied on these sales channels during the pandemic when the demand for beauty products like facial epilators was at an all-time high. The booming e-commerce sector in India, China, and other countries with dense populations has substantially contributed to the growth of facial epilators in the past few years.

“Key market players must strategize their branding methods using beauty influencers and social media platforms, as they contribute 20% of the purchase. Additionally, technological integration and introducing new features are likely to benefit the market by bringing the young millennial population to the consumer pool,” opines an FMI analyst.

Key Takeaways from the Facial Epilator Market Report:

Females dominate the end-user segment of the global facial epilator market, with an overall revenue share of 47.10%.
Regarding distribution channels, online retailers capture 31.40% of the global facial epilator market revenue.
Spain is the leading market for facial epilators, with a remarkable growth rate of 7.10% from 2024 to 2034.
Spain is followed by Australia (6.80%), India (6.70%), and Singapore (6.20%) in terms of facial epilator market growth.

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Competitive Landscape of the Facial Epilator Market:

The facial epilators market is still in its early stages of development, with players comprising renowned companies with a well-established global reach and a devoted consumer base. These companies manufacture erstwhile beauty and cosmetic products that have just ventured into the beauty tech industry. Most people in developing and underdeveloped countries need more information about the benefits of facial epilators. Despite these challenges, companies are exploring new consumer groups in the global marketplace. Braun, Philips, and Panasonic are a few leading brands in the market that offer cutting-edge technology.

Key Players:

Braun
Philips
Tria Beauty
Emjoi
Epilady
Panasonic
Remington
Conair
Wahl
Andis
Olay
Silk’n
Babyliss
Haus Laboratories
Vanity Planet
SmoothSkin

Recent developments:

In April 2023, Emjoi launched its innovative EpiLite 5-in-1 Hair Removal System, featuring various attachments designed for epilating, shaving, and trimming across different body areas.
In February 2023, Braun revealed its Silk-expert Pro 5 IPL epilator, leveraging intense pulsed light (IPL) technology to address permanent hair growth reduction.
In January 2023, Philips announced the launch of the Silk-épil 9 SensEpil epilator, introducing a micro-grip tweezer technology for efficiently removing even the shortest hairs, ensuring a precise and comprehensive grooming experience.

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Key Segmentations:

Based on Types:

Wet skin epilators
Dry skin epilators
Foam epilators
Dual (Wet/Dry epilators)

Based on the Formats:

Corded
Cordless
Rechargeable

Based on the Distribution Channel:

Hypermarket/Supermarket
Convenience Store
Specialty Store
Online Stores
Others (Club Stores)

Based on Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:

Nandini Singh Sawlani

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

Government Initiatives Drive Growth: Synthetic Zeolite Y Adsorbent Market to Reach US$ 1.8 Billion by 2034

The global synthetic zeolite Y adsorbent market is forecast to increase from US$ 1,252.1 million in 2024 to US$ 1,888.2 million by 2034. The market is expected to surge at a CAGR of 4.2% by 2034.

The growing demand for clean potable water and the scarcity of freshwater sources are expected to fuel the demand for synthetic zeolite Y adsorbents. The rapidly growing population and increasing government initiatives for water infrastructure development are key factors accelerating growth.

The synthetic zeolite Y adsorbent market is witnessing a surge in demand for advanced gas separation technologies, driven by a growing imperative for clean energy and environmentally friendly industrial processes. In line with sustainability goals and emission reduction targets, industries turn to synthetic zeolite Y for VOC treatment.

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The adsorbents’ efficiency in capturing and removing VOCs from air streams aligns with industrial efforts to minimize environmental impact, emphasizing their role in achieving cleaner air and sustainable manufacturing practices. As industries seek to minimize their carbon footprint and enhance operational efficiency, zeolite adsorbents emerge as crucial components, addressing the evolving demand for purification technologies.

Diverse applications, including water & nuclear waste treatment, gas separation, and VOC removal, characterize the synthetic zeolite Y adsorbent market. Growing health concerns propel the adoption of zeolite adsorbents in industries.

Recognizing the adverse effects of pollutants on human health, companies are prioritizing cleaner processes using zeolites. The adsorbents’ versatile applications in water treatment, nuclear waste remediation, and VOC removal align with health-conscious practices, fostering widespread adoption.

Key Takeaways from the Report-

The global synthetic zeolite Y adsorbent market is projected to thrive at a 4.2% CAGR through 2034.
By product type, the NaY zeolite segment is expected to have a total valuation of US$ 893 million by 2034.
By application, the water treatment segment is set to hold a market share of 39.9% in 2024.
North America is expected to account for a significant share of around 25.7% in 2034.
The United States industry value is anticipated to reach US$ 316 million by 2034.
China is projected to attain a valuation of US$ 222 million by 2034.
Demand in South Africa is predicted to rise at 6.9% CAGR through 2034.

“Zeolite adsorbents address a spectrum of environmental challenges, from purifying water to treating nuclear waste and capturing VOCs. Their versatile nature positions them as essential tools for industries striving to achieve comprehensive environmental goals, making them beneficial solutions amid increasing environmental regulations and heightened health awareness,” says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

The global synthetic zeolite Y adsorbent market is fragmented, with leading players accounting for significant share in the market. TOSOH Corporation, Clariant AG, Arkema S.A, Ecovyst Inc., W.R. Grace & Co., and Honeywell International Inc. are the leading manufacturers and suppliers of synthetic zeolite Y adsorbents listed in the report.

Key synthetic zeolite Y adsorbent companies are investing in continuous research to produce products and increase production capacity to meet end-user demand. To expand their presence, leading players also tend to implement growth strategies such as collaborations, acquisitions, mergers, and facility expansions.

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Recent Developments-

On June 15, 2021, Honeywell collaborated with DRDO and CSIR–IIP in India to provide molecular sieve adsorbents for Medical Oxygen Plants, addressing the pandemic’s oxygen demand.
On May 10, 2021, Maruti Suzuki India Limited (MSIL) collaborated with Airox Nigen Equipment and SAM Gas Projects to enhance Oxygen PSA plant production in India.

More Insights into the Synthetic Zeolite Y Adsorbent Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global synthetic zeolite Y adsorbent market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.

To understand the global market potential, growth, and scope, the market is segmented based on product type (NaY zeolite, ultrastable Y (USY) zeolite, REUSY zeolite), process (hydrothermal synthesis, ion exchange method, steam-assisted crystallization), form (powder, granules) application (water treatment, nuclear waste treatment, gas separation and purification, VOC [volatile organic compounds] treatment), and region

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Picric Acid Market Set for Explosive Growth: Reaching US$ 80.6 Billion by 2032

The picric acid market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 8% from its 2021 valuation of US$ 34.6 billion, reaching an estimated worth of US$ 80.6 billion by 2032. This significant uptrend underscores the increasing demand for picric acid across various industrial applications, indicating promising opportunities and expansion within the market landscape.

Picric acid, also known as trinitrophenol (TNP), holds a significant position in the chemical industry due to its versatile applications across various sectors. With its explosive properties and utility in sectors like dyes, pharmaceuticals, and chemical synthesis, the picric acid market continues to witness steady growth.

The picric acid market has experienced steady growth in recent years, attributed to its widespread applications across industries. Initially known for its use in explosives and munitions, the market has expanded its scope to include applications in pharmaceuticals, dyes, and chemical synthesis.

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Key Growth Drivers:

Explosives Industry Demand: Historically, picric acid found its primary use in the explosives industry due to its explosive properties. With increasing demand for explosives in mining, defense, and construction activities, the market for picric acid continues to grow.
Pharmaceutical Applications: Picric acid is utilized in pharmaceuticals as an intermediate in the synthesis of various drugs. Its role in drug manufacturing, particularly in the production of antiseptics and analgesics, contributes significantly to market growth.
Dye Industry Expansion: The dye industry extensively employs picric acid in the synthesis of azo dyes, which are widely used in textiles, plastics, and other industries. As the textile and dye industries expand globally, the demand for picric acid as a dye intermediate continues to rise.
Chemical Synthesis: Picric acid serves as a crucial reagent in organic synthesis, facilitating the production of various organic compounds. Its role in chemical synthesis processes across industries further propels market growth.

Top Key Players in the Picric Acid Market

BASF SE
DowDuPont Inc.
Innospec
Odyssey Organics
Aadhunik Industries
Anmol Chemicals Group
Hefei TNJ Chemical Industry Co., Ltd.
Spectrum Chemicals
Loba Chemie Fine Chemicals
Merck KGaA

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Key Segments for Picric Acid Market

By Grade:

Commercial Grade (<99%)
High Purity Grade (≥99%)

By Moisture Content:

Dry/Dehydrated
Less than 30%
More than 30%

By Application:

Explosives & Munitions
Chemical Intermediates
Antiseptics

By End User:

Defence/Ballistics
Pharmaceuticals
Agrochemicals
Textile
Mining

By Region:

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

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Nandini Singh Sawlani

Silver Nitrate Market Poised for Strong Growth at 5.2% CAGR: Opportunities in Medical and Electronics Industry

The global silver nitrate market is expected to create lucrative growth opportunities over the assessment period by registering a CAGR of 5.2% from 2022 to 2032. The global market was valued at US$ 5.3 Billion in 2022 to reach a valuation of US$ 8.8 Billion in 2032. The growth of the market is attributed to the increasing demand for silicone elastomers, especially across the automotive and construction industries.

Silver nitrate is known as an inorganic chemical compound created by combining silver with nitric acid. It is commonly found as a colorless translucent rhombic tabular crystal. Furthermore, silver nitrate appears to be a non-hygroscopic white crystalline solid. It is water and ammonia soluble.

Within the medical and pharmaceutical sectors, silica nitrate is frequently utilized as a cauterizing, sclerosing, and anti-microbial agent. In analytical chemistry, it is used to precipitate chlorine, bromine, and iodine-cyanide. In the electroplating business, silica nitrate is used as a silver plating material. It is also used in the production of various coloring agents like dyes and inks. In the ceramic, electronics, and explosive sectors, a small quantity of silica nitrate is employed.

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Report Highlights

The prolific properties of silver nitrate are anticipated to have an effect on the growth of the global silver nitrate market over the assessment period. Because the chemical is very hygroscopic and soluble in water, it is an excellent oxidizing agent.

Silver nitrate is used as a starting material in the manufacture of silver oxides, silver halides, and a variety of other derivatives. Attributing to its exceptional qualities, silver nitrate is increasingly being used in a variety of industrial and commercial applications. This feature is expected to promote the growth of the global silver nitrate market during the course of the study.

Recent Developments

The augmenting demand for silver nitrate in jewelry and photographic applications is predicted to bode well for the industry in the next decade. Silver nitrate includes antifungal and antiseptic characteristics, which make it useful in the pharmaceutical and medical sectors.

Attributing its phenomenal properties, silver nitrate is excessively utilized as an organic coloring agent, an analytical reagent, and a catalyst. As a result, the compound’s features are projected to fuel its demand in a variety of industrial and commercial applications. This, in turn, is expected to fuel expansion in the worldwide silver nitrate market throughout the assessment period.

Owing to the emergence of rigorous laws on silver nitrate grades in medical and food applications across numerous areas is anticipated to hamper the regional demand for silver nitrate.

Competitive Landscape

The top six competitors in the worldwide silver nitrate market control more than 60% of the market. Among the prominent participants in the silver nitrate market consists of, Ames Goldsmith Corporation, S D FINE CHEM LIMITED, Spectrum Chemical Manufacturing Corp., Sigma-Aldrich Co. LLC, Rochester Silver Works LLC, Tongling Nonferrous Metals Group Holdings Co. Ltd., Chengzhou Jingui Silver Industry Co. Ltd., K. Chemical Industries Pvt. Ltd., EMD Milipore Corporation, Mahi Enterprise, Columbus Chemical Industries (CCI) among others.

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More Insights into the Silver Nitrate Market

The Asia Pacific region is anticipated to dominate the global silver nitrate market over the assessment period as the leading producer of silver nitrate. China is expected to produce a significant amount of silver nitrate and export it further to other industrialized nations. However, due to increased industrialization in countries like as China and India, the market in the Asia Pacific are expected to develop at a quick rate over the projected period.

The production capacity is on the rise as Chinese chemicals and pharmaceutical businesses are anticipated to surge demand for silver nitrate in the nation during the next several years. Advances in medicine and the introduction of electroplating technologies are expected to boost demand for silver nitrate in the Asia Pacific region in the near future.

According to Future Market Insights, North America consumes the most silver nitrate, followed by Europe and Asia Pacific. Rising demand for silver nitrate as a cauterizing agent in developed economies such as the United States and Canada is predicted to drive silver nitrate demand throughout the evaluation period.

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Wireless Headphones Market: Harmonious Growth at 14.2% CAGR by 2032

The world is going wireless, and our ears are taking notice. The wireless headphone market is poised for a booming future, with a projected CAGR of 14.2% propelling it from US$ 48.15 Billion in 2022 to a staggering US$ 181.66 Billion by 2032. Here’s a look at the key drivers fueling this growth:

Untangling from Tradition: Gone are the days of pesky headphone wires. Consumers are increasingly opting for the freedom and convenience of wireless models. Smartphone manufacturers ditching headphone jacks have further fueled this trend.
The Sound of Privacy: Headphones offer an escape from the noise, allowing users to enjoy their music or entertainment without disturbing others. This is especially appealing in urban environments.

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Smarter Features, Higher Revenue: Manufacturers are packing wireless headphones with advanced features like noise cancellation, app controls, and innovative designs. This complexity translates to higher revenue for the market.
Focus on Specific Needs: Noise-canceling technology is a major selling point, with both active and adaptive options available. Manufacturers are also catering to different user needs, creating specialized headphones for music lovers, fitness enthusiasts, and more.
The Entertainment Boom: The rise of mobile entertainment apps like YouTube, Spotify, and Netflix has people glued to their devices. Wireless headphones provide a convenient and private way to enjoy this ever-growing content.
Premium Sound, Premium Price: Consumers are increasingly willing to invest in high-quality headphones for an elevated listening experience. As disposable income rises, the demand for premium options is expected to climb.
Stylish Comfort, Wider Appeal: Manufacturers are prioritizing sleek designs and comfortable wear to attract a broader audience.
The Future is Smart: Smart technology integration is adding new layers of functionality to wireless headphones. This, combined with the demise of headphone jacks in smartphones, is a strong growth driver.

The wireless headphone market is rocking a melody of success with a projected CAGR of 14.2%, but there are a few off-key notes to consider. Here’s a look at both the thriving trends and the challenges that could dampen the volume:

Hits:

Cutting the Cord: Freedom and convenience reign supreme as users ditch tangled wires for wireless models.
Silent Symphony: Privacy is key, with headphones offering an escape from noise for both the listener and those around them.
Smarter Sounds: Advanced features like noise cancellation, app controls, and innovative designs keep the market humming with excitement.
Catering to Every Ear: From noise-canceling options to designs for specific needs, manufacturers are tuning in to diverse user preferences.
The Entertainment Boom: The rise of mobile entertainment fuels the demand for convenient and private ways to enjoy music and content.
Premium for Your Ears: Consumers are investing in high-quality sound, leading to growth in the premium wireless headphone segment.

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Hisses:

Battery Blues: Limited battery life and the need for frequent charging can be a buzzkill for users who crave uninterrupted listening. Battery efficiency also weakens over time.
The Price of Progress: Advanced features and sleek designs come at a cost, potentially pushing budget-conscious buyers towards lower-quality alternatives.
Knock-Off Noise: Counterfeit products mimicking popular brands threaten the market with lower prices and potentially compromised quality.

Despite these challenges, the wireless headphone market is poised for continued growth. Manufacturers who can address battery limitations, offer a range of price points, and combat counterfeiting are likely to see their music play on.

Key Players are:

Skullcandy
Sony Corporation
Sennheiser electronic GmbH & Co
Apple Inc.
Jabra
V-MODA LLC
Master & Dynamic.
Bang & Olufsen
Harman International Industries Inc.
Bose Corporation
AfterShokz
JLab Audio
Wicked Audio Inc.
Others

Author

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:

Nandini Singh Sawlani

Food Irradiation Market Poised for Growth: Harnessing Sustainability to Reduce Food Waste and Meet Regulatory Standards

The food irradiation market is predicted to be worth US$ 312 million in 2023, and rise to US$ 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% during 2018 to 2022.

Sustainability is gaining importance in the food industry, and irradiation can help reduce food waste by extending the shelf life of food products. This can mitigate the damaging environmental effects of food production and distribution.

The effectiveness and safety of food irradiation are being guaranteed by regulatory systems from all over the world. As regulatory approvals spread and become more standardized, food irradiation becomes more and more widespread.

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Moreover, food preservatives can extend the shelf life of foods. As a result, the market for food preservation goods is advantageous to the worldwide business. Antioxidants and antibacterial substances, two types of food preservatives, have been shown to have potential health benefits.

Opportunities Expanding Market Profitability

To increase food safety and decrease food waste, emerging regions have aggressively promoted and developed food irradiation technology. Food irradiation is projected to continue to play a significant role in the food business due to the rising demand for safe and high-quality food items.

Key Takeaways

In 2022, the United States accounted for 5.6% share in the food irradiation market.
The food irradiation market was significantly expanding, with a size of US$ 300 million in 2022.
The market offers incredible prospects as a result of consumers’ growing health consciousness, and analysts predict a 1.04x growth rate between 2022 and 2023.
The market in China is anticipated to expand at an adequate CAGR of 3.5% by 2033.
In 2022, Germany accounted for 3.4% share in the food irradiation market.
In 2022, Australia accounted for 0.3% share in the food irradiation market.
By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 5.3%.
Based on the source, the Gamma radiation is likely to lead the market and continue to lead the market.
Based on technology, the ozone treatment continues to dominate the sector during the forecast period.

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Critical Approaches Increasing Top Players’ Wealth

To increase the efficacy and efficiency of their irradiation technology, businesses in the food irradiation industry are continually making research and development investments. Technology advancements can give a competitive edge to businesses that can provide quicker, more dependable, and less expensive solutions.
Companies operating in the market must adhere to laws and norms pertaining to food irradiation. By offering dependable, safe, and compliant irradiation services that satisfy industry standards, businesses that can guarantee compliance with regulatory regulations can gain a competitive advantage.

Recent Developments

Scantech Sciences: Scantech Sciences is an American business that offers irradiation solutions for extending the shelf life and ensuring the safety of food. The business announced the release of its new Cesium-137 irradiator in 2021, which is intended to offer a more affordable and effective option for food irradiation.
Providing irradiation solutions for food safety and sterilization is an Indian company called Lanexis Enterprises Pvt. Ltd. To fulfill the rising demand for irradiation services in India, the business declared the installation of a new Cobalt-60 irradiator at its site in Gujarat in 2020.

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Key segments

By Source:

Gamma Radiation
X-ray Radiation
Electron Beam Radiation

By Technology:

Ultra-high Pressure
Steam Pasteurization
Food Coating
Ozone Treatment
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Capitalizing on Growth: Investing in the Promising Global Pulses Market Projected to Reach US$ 122.9 Billion by 2033 | FMI

FMI finds the overall demand for pulses around the world growing at a promising 4.9% annually which is anticipated to continue till 2033. The global pulses market valuation is projected to reach US$ 122,891.9 million by the end of the year 2033.

Governments are providing financial assistance and other incentives to improve pulse output because they are a staple crop in many underdeveloped countries. In recent years, countries have launched a number of food initiatives focused at increasing pulse output.

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Growing urbanisation, higher disposable incomes, and a strong desire for nutritious ready-to-eat and processed meals are driving growth. Furthermore, the concentration of a huge population base in India and China is increasing demand for nutritious food, leading to an increase in overall pulse production.

Pulses help to lower cholesterol and triglyceride levels in the human body. As a result, they are frequently consumed worldwide. In the short term, the coronavirus pandemic was predicted to create a minor delay. Despite a little slowdown caused by COVID-19, economic expectations remain generally optimistic.

As concerns over excessive meat consumption on human health dawn on consumers, they are seeking healthier alternatives. Resultantly, the market for pulses is witnessing a notable upsurge nowadays. Furthermore, the trend of healthy eating has augmented, with consumers hoping to strengthen their immunity by eating fiber, nutrient, and vitamin-rich foodstuffs. Therefore, growth prospects of the global pulses market appear largely optimistic throughout the 2020-2030 assessment period.

Key Takeaways from the Pulses Market Study Report

The United States pulses market is projected to grow at an annual rate of 3.7% over the next ten years. By following this growth rate it is expected to reach an overall valuation of US$ 4,473.2 million by the end of the year 2033.
In the European region, Germany is the leading region for business in pulses that is projected to grow at a 2.7% rate throw 2033. Meanwhile, the United Kingdom and Spain are expected to witness a higher rate of 3.1% and 4.1% respectively, over these years.
On the other hand, China is a very lucrative region nowadays for sales of pulses, which may register a CAGR of 6.4% until 2033.
Based on different forms of pulses, the pulse flour segment holds a higher potential for growth in the coming days. This segment is further projected to progress at an annual rate of 4% during the forecast years.
High consumption of pulses is likely to be in the whole form, given the higher need for good quality nutrition in countries suffering from severe hunger and malnutrition. This is largely expected to occur throughout the Middle East and Africa.

Landscape for the Pulses Market

Nestle SA, Groupe Danone, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co Ltd., Coca-Cola Co, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Dr. Schär AG/SpA, Lactalis Groupe, Valio Oy, Post Holdings Inc., and Monde Nissin Corp. among others are some of the major players in the global pulses market.

Market players can face stiff competition from alternative protein sources such as soybeans, hemp, flax, nuts, and oilseed. In most countries, the price of pulses is also phenomenally high limiting their consumption, particularly in developing economies.

This is generally attributed to the presence of interim entities who seek to profit from the pulses trade and commerce. However, nowadays, consumers rely on platforms such as Big Basket, Amazon, and Grofers to purchase pulses. Moreover, growth is largely being sustained by e-commerce channels, despite the significant presence of conventional retail outlets.

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Key Segments in the Pulses Industry Report

By Product Type:

Dry Beans
Lentils
Faba Beans
Dry Peas
Chickpeas
Cowpeas
Bambara Beans
Pigeon Peas
Vetches
Others

By Nature:

Organic
Conventional

By Form:

Whole Pulses
Flour Pulses
Split Pulses

By End Use Application:

Business to Business
- Food & Beverage Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Nutraceutical Industry
- Animal Feed Industry
Household Retail
- Store-based Retail
Hypermarkets or Supermarkets
Convenience Stores
Mass Grocery Retailers
Wholesale Stores
Departmental Stores
Food & Drink Specialty Stores
Other Retail Forums
- Online (e-commerce)
Food Service (HoReCa)
Institutional (Schools, Universities, etc.)
Others

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

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Nandini Singh Sawlani

Sailcloth: A Market with Huge Potential and Growth Opportunities

Sailcloth, the essential fabric that propels vessels across vast oceans, represents not just a functional necessity but a testament to human ingenuity and craftsmanship. Over the years, the sailcloth market has evolved significantly, driven by advancements in materials science, manufacturing techniques, and the expanding horizons of sailing enthusiasts worldwide.

The sailcloth market is influenced by several factors, including the global maritime industry, recreational sailing trends, technological innovations, and environmental considerations. The demand for sailcloth is closely tied to the production of sailboats, yachts, and other sailing vessels, which in turn is influenced by economic conditions, consumer preferences, and regulations governing maritime activities.

Future Market Insights delves deep into evaluating prospects for the sailcloth market. It studies the scope for expansion beyond the conventional boating and marine industry. Besides highlighting hidden opportunities, FMI discusses at length potential threats to the market in its recent study.

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Some of the key factors highlighted in the report are:

Among various types of sailcloth available in the market, nylon sailcloth is expected to boast dominance. Nylon is more lightweight and has superior abrasion resistance. Besides this, it shows high flexibility and tensile strength, which make it a preferred material. According to FMI, the susceptibility of nylon to chemical degradation and UV makes it a better option since it eliminates the fear of getting dumped into landfills
In terms of application, cruising sales will hold the leading share in the global market. Dacron will remain the standard sail fabric used in the category. The high resiliency of the fiber will aid growth in the segment
Regionally, Europe currently leads the global sailcloth market. Rising demand witnessed in Denmark, France, Italy, and the U.K will support expansion of the market in the region

“Despite increasing popularity of sailcloth, the high price of raw materials required will continue creating challenges for the market. Currently, however, the economic and social impact of COVID-19 outbreak is hindering its trajectory. People around the world are avoiding tourism and public gathering to contain the virus, which is impacting the two most crucial segments – sails and tents,” said a lead analyst at FMI.

Who is winning?

The sailcloth market exhibits the presence of several international and local players. Companies operating in the market are focusing on technological advancements to gain competitive edge. They are seeking to leverage their expertise to launch novel products:

For instance, a company called Contender Sailcloth launched a hybrid range of marine fabric and called it Fibercon in March 2019. This fabric demonstrates better resistance to wear and tear

Driven by technological advancements and rising focus on research and developments, the global sailcloth market will continue exhibiting growth at a steady pace.

Some of the leading companies operating in the market are:

DIMENSION-POLYANT GmbH
Bainbridge International Limited
Challenge Sailcloth, Inc.
Contender U.S.
Doyle Sailmakers
British Millerain
Aztec Tents
IYU Ltd
North Sails & North Technology Group
Quantum Sails
Other Prominent Players

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Sailcloth Market Key Segment

Type

Laminate Sailcloth
Nylon Sailcloth
Polyester Sailcloth

Application

Cruising Sails
Racing Sails

Region

North America
Latin America
Europe
East Asia
South Asia
MEA
Oceania

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Nandini Singh Sawlani

Plant-Based Tuna Market with Projected Growth to US$ 1,320.6 million by 2033 | FMI Analysis

As per the latest market research conducted by FMI, the global plant-based tuna market is expected to record a CAGR of 17% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 284 million. By 2033, the valuation is anticipated to reach US$ 1,320.6 million.

The growing public understanding of the harmful health impacts of eating animal products, as well as ethical concerns about animal husbandry, is helping to mainstream veganism and plant-based diets. As a result, the market is growing faster than anticipated throughout the projection period. Furthermore, market participants are developing unique products to fulfil the needs of clients worldwide. These products have a tuna-like aroma and texture and contain a variety of health-promoting ingredients.

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Competitive Background:

The key players operating in the plant-based tuna market are investing in mergers and acquisitions to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the plant-based tuna market. As a result, market participants are likely to have a better overall revenue share in the global plant-based tuna market.

Key Takeaways:

The plant-based tuna market is anticipated to reach a valuation of US$ 284 million in 2023.
The plant-based tuna market is predicted to record a CAGR of 17% through 2033.
The plant-based tuna market is expected to expand, particularly as the flexitarian population increases.
The plant-based tuna market is expected to surpass 1,320.6 million by 2033.
The plant-based tuna market recorded a CAGR of 4% from 2018 to 2022.
The United States plant-based tuna market recorded a CAGR of 27.1% in 2022
The plant-based tuna market in China recorded a CAGR of 16.7% in 2022
The plant-based tuna market in India recorded a CAGR of 14.3% in 2022
The plant-based tuna market in Japan recorded a CAGR of 1.1% in 2022

Developments in the Market:

Atlantic Natural Foods, a leading brand, offers a unique combination of flavor and texture in its products which is the outcome of the company’s growing research and development investments.
Nestlé declared the launching of Vuna, a plant-based tuna, in August 2020 as its most inventive product to date. The company’s first product which isn’t seafood was initially intended to launch in Switzerland.
Gathered Foods, one of the well-known manufacturers of plant-based seafood, entered the restaurant industry by collaborating with Vegetarian Grill. Then Vegetarian Grill announced that a special and limited-edition tuna melt available from October 2020 menu list.

Significant Players in the Market:

Good Catch
Ocean Hugger Foods
Sophie’s Kitchen
New Wave Foods
Gardein, Beyond Meat
Prime Roots
Atlantic Natural Foods
Nestlé S.A
Avant Meats

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Key Segments

Format:

Refrigerated
Frozen
Others

Source:

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

Distribution Channel:

Retail
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Food Stores
Online Retail
HoReCa (Food Service Sector)

Regional Outlook:

North America – United States, Canada
Latin America – Mexico, Brazil, Rest of Latin America
Europe – EU-4, United Kingdom., BENELUX, Nordics, Russia, Poland Rest of Europe
The Middle East and Africa – GCC Countries, Türkiye, Northern Africa, South Africa, Rest of MEA
East Asia – China, Japan, South Korea
South Asia – India, Thailand, Malaysia, Indonesia, Singapore, Rest of South
Oceania – Australia, New Zealand

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:

Nandini Singh Sawlani