Market Research Blog – Page 3186 – New Product Development

Milk Protein Hydrolysate Market Forecasted with 6.9% CAGR, Targeting USD 1.6 Billion by 2032

The Milk Protein Hydrolysate Market is witnessing notable growth driven by rising consumer demand for high-quality protein supplements and functional food products. Milk protein hydrolysates are gaining traction due to their superior digestibility and bioavailability compared to intact proteins. Additionally, increasing awareness about the health benefits associated with milk protein hydrolysates, such as improved muscle recovery, weight management, and overall nutritional support, is further fueling market growth.

According to the recent FMI report, the sales for milk protein hydrolysate are expected to cross a value of USD 1.6 Bn in 2032, significantly rising at a CAGR of 6.9% in the time period of 2032.

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By 2027, the market for milk protein hydrolysate in sports nutrition applications is expected to exceed USD 0.4 Bn. Sports nutrition products are made up of various types of nutritional food in specified amounts that aid in improving performance and sustaining body energy levels.

Key Takeaways from the Milk Protein Hydrolysate Market Study:

During the projection period, demand for whey protein hydrolysate in the US is expected to increase by approximately 5.1%. Consumers are paying greater attention to protein-rich products in order to maintain an overall health balance, which is fuelling the expansion of the milk protein hydrolysate sector.
According to FMI analysis, by the end of 2027, the poultry animal feed segment is expected to generate over USD 13.6 Bn in sales. Demand for nutritional and protein-rich food for poultry animals has been encouraged by rising demand for chicken meat and high-quality eggs, which is expected to drive segmental expansion in the coming years.
Due to the rising consumer spending on healthcare and the rising frequency of metabolic illnesses across Latin America, the milk protein hydrolysate market in the country is expected to grow at a CAGR of 4.8% by 2032.
The milk protein hydrolysate market in MEA is valued at over USD 28.3 Bn and is expected to increase significantly during the forecast period, owing to rising product acceptance in dietary supplements and clinical nutrition in the region.

Sports drinks, supplements, and foods such as protein powders, protein bars, supplement powder, ready-to-drink protein beverages, and energy bars are examples of sports nutrition products. Bodybuilders and athletes mostly use these items to increase muscular growth, body performance, and overall wellness, which should boost market figures.

The growth of the sports nutrition segment will also be aided by an increase in the number of young and middle-aged persons participating in sports activities. Milk hydrolysates are important in sports nutrition because they provide a rapid release of amino acids into the bloodstream, which helps muscle and mass development.

Also, the increasing awareness about the benefits of protein-based sports nutrition products paired with an active lifestyle is projected to drive sports nutrition-based milk protein hydrolysate market demand.

“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” said a lead analyst at FMI.

Who is winning?

Leading industry players have recently implemented strategic measures to enter into emerging markets, resulting in increased market dynamics. For example, Kerry, a big nutrition firm, completed the acquisition of Biosearch Life, a functional food and pharmaceutical specialist, in July 2021. Kerry made the strategic acquisition in order to broaden its market offers for health-related supplements and diet additives.

Some of the leading companies offering Milk Protein Hydrolysate are

Fonterra Co-operative Group Ltd.
Kerry Ingredients
Meiji Holdings
MILEI, Friesl and Campina DMV B.V.
AMCO Proteins
Nestle S.A.
Morinaga Milk Industry co. Ltd.
Cargill Inc.
Lactalis Group

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Get Valuable Insights into Milk Protein Hydrolysate Market

FMI, in its new offering, provides an unbiased analysis of milk protein hydrolysate presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for milk protein hydrolysate based on form (powder and paste), by product (whey and casein), by technology (acid hydrolysis, enzymatic, and hydrolysis), by application (sports nutrition, clinical nutrition, infant nutrition, and animal feed) across five major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed 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.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Beard Grooming Products Market: Holding the Global Market at a Moderate CAGR of 8.6% by 2032

During the forecast period, the Beard Grooming Products Market is anticipated to maintain a moderate Compound Annual Growth Rate (CAGR) of 8.6%. The global market is forecasted to generate revenue of US$ 32.1 billion in 2022, with projections to surpass US$ 34.8 billion by the end of 2032.

The continuous evolution of consumer demographics and lifestyles has resulted in a significant change in the retail landscape of the beauty and personal care market. Increasing customer’s consciousness for beauty, grooming, and health have created a continuous surge of cosmetic products such as beard grooming products.

The increased popularity of beard as a style statement among men has propelled the sale of beard grooming products over the years. In the present scenario, customers are more interested in purchasing organic beard grooming products. This is because of the side effects of synthetic beard grooming products. Moreover, the natural beard grooming products follow standards of purity set by various governing bodies of different countries.

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Market Dynamics

Drivers for Beard Grooming Products Market

Increasing awareness of different beard products among end-users is expected to fuel the growth of the beard grooming products in terms of volume. Increasing brand consistency, and change in customer purchasing pattern is expected to fuel the growth of the beard grooming products shortly.

On another hand, increasing disposable income, increasing availability of beard grooming products in developing countries due to increasing number of shopping complexes, malls, department stores, supermarket, and others is expected to positively influence growth of the beard grooming products market in terms of volume.

Trends for Beard Grooming Products Market

The critical trends for bread grooming market are promotional activities, advertisement, and celebrity endorsement of bread grooming products. Moreover, the key market players are focused on investing in R&D to formulate and develop new products. Also, strategies to expand the company’s distribution channels to sustain the highly competitive bread grooming products market.

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An upsurge in organic and natural bread grooming products is expected than the chemical products owing to increased customer’s demand for natural and organic products. In terms of value, the organic beard grooming products is anticipated to have high revenue generation.

Opportunities for Beard Grooming Products Market

Increasing disposable income and increasing e-commerce penetration in developing countries such as India, Mexico, Brazil, and Thailand is expected to propel the growth of the beard grooming market during the forecast period. Many an opportunity is anticipated to be created in natural and organic beard grooming products market segment due to health-conscious consumers and overall demand for organic products.

Global Beard Grooming Products Market: Key Players

Some of the key players operating in the global Beard Grooming Products Market are Badass Beard Care, Herbivore Botanicals, Unilever, Dgewell Personal Care, L’Oreal, Honest Amish, Beardbrand, Harry’s Inc., Clarisonic, Prospector Co., Beiersdorf, Anthony Brands, Tweezerman International, Newport Apothecary, Inc., Walker & Company Brands, Kiehl’s, BAXTER OF CALIFORNIA, Procter & Gamble , Koninklijke Philips N.V., ZILBERHAAR, and Conde Nast among others. These key players are expected to revolutionize the beard grooming products market with new products.

Beard Grooming Products Market: Regional Outlook

The regional study of beard grooming products includes North America, Latin America, East Asia, South Asia, Europe, Oceania, and the Middle East and Africa. Europe is expected to hold a significant share in the global beard grooming products market due to increasing awareness for personal grooming and sophisticated grooming among end-users.

North America bearded grooming products market is expected to witness significant growth during the forecast period due to increasing demand for premium products in the region. Increasing e-commerce penetration, increasing disposable income, growing population, and others are some of the factors positively influencing the growth of the beard grooming products market in the Asia Pacific region.

Moreover increasing people motivation to try new products with top-notch ingredients is another factor driving the growth of the beard grooming products market in these regions. The increasing availability of beard grooming products, developing economic leading to increase in disposable income, rise in look-conscious population are some of the factors fuelling the growth of beard grooming products in Latin America and the Middle East and Africa (MEA).

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Key Segments Profiled in the Beard Grooming Products Market

By Product Type:

Oil and Serum
Cream and Balm
Gel and Wax
Cleanser
Equipment and Accessories
Others

By Product Function:

Medicated
General Purpose

By End User:

Household
Commercial

By Price Range:

Economic
Premium

By Distribution Channel:

Hypermarket/Supermarket
Specialty Stores
Independent Stores
Official Websites
Direct Sales
Online Store

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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.

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Nandini Singh Sawlani

Design Collaboration Software Market Grows at 14.8% CAGR | 2032 Market Projection

The market for design collaboration software market is anticipated to grow significantly between 2022 and 2032, with a CAGR of 14.8%. By 2032, the market is projected to have a market share of 10.09 billion dollars, up from its 2022 value of US$ 2.54 billion.

Learning new technology and the idea of team building through collaborative software is increasingly commonplace. User-centered designs (UX) are created using collaborative design software, but they adhere to a set process so that various project stakeholders can share their thoughts and opinions throughout the entire design process, assisting the end users while taking part in collaborative work.

The market for design collaboration software is a quickly expanding sector that offers software solutions to help designers and other creative professionals collaborate and accelerate their design processes. A variety of software tools and platforms are available on the market that allows collaboration between designers, clients, and stakeholders.

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The market for design collaboration software is driven by the increasing need for remote collaboration and the growing demand for real-time collaboration tools. As more companies adopt remote working arrangements, the need for software that allows teams to work together efficiently and effectively has become paramount. Additionally, the rise of cloud-based software has made it easier for designers to collaborate on projects from anywhere in the world.

Other factors driving the growth of the design collaboration software market include the increasing complexity of design projects and the need for streamlined workflows and project management. With more stakeholders involved in design projects than ever before, effective collaboration is essential to ensuring that projects are completed on time and on budget.

Competitive Landscape

The competitors try to design this software after monitoring the problem faced by different individuals in the team. Effective communication along with the highlight tracing tools help the end user company navigate through the software according to their need. The key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain.

Key Players

Adobe
Asana, Inc.
Avaya Inc.
AT&T, Inc.
Blackboard, Inc.
Cisco Systems, Inc.
Citrix Systems, Inc.
Google LLC
IBM Corporation
Microsoft
OpenText Corporation
Oracle

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Design Collaboration Software Market by Category

By Solution, Design Collaboration Software Market is segmented as:

On-Premise Design Collaboration Software
Cloud-Based Design Collaboration Software

By Industry, the Design collaboration Software Market is segmented as:

Services
Distribution Services
Public Sector
Finance
Manufacturing and Resources
Infrastructure

By Region, Design Collaboration Software Market is Segmented as:

North America
Europe
East Asia
South Asia & Pacific
Middle East and Africa(MEA)c

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Stain-resistant Fabric Market: Expected to Expand at a Remarkable CAGR of 18.5% by 2034

In 2024, the global stain-resistant fabric market is estimated to be valued at US$ 13,301.00 million. Over the forecast period, the market is projected to witness a remarkable expansion, with a Compound Annual Growth Rate (CAGR) of 18.5%, reaching a valuation of US$ 72,853.80 million by 2034.

Growing Demand: Increasing demand for long-lasting and easy-to-maintain fabric across various industries is driving sales of stain-resistant fabric.
Consumer Preference: Surging consumer inclination towards stain-resistant products is attributed to their durability and convenience.
Diverse Applications: Stain-resistant garments are increasingly being used in industries such as construction, public safety, sports apparel, aerospace and automotive, fire-fighting, and more, thereby propelling market growth.
Versatile Usage: Stain-resistant fabrics find applications based on specific requirements across multiple sectors, demonstrating their versatility and utility in various industries.

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These garments have smoothly glided into the casual wear category, partially due to enhanced protection against stains offered by conventional clothing. The market for this apparel is also rising as aware and knowledgeable consumers seek garments that require less frequent dry cleaning and laundering. The attractiveness of stain-resistant fabric lies in its ability to save time as well as decrease energy usage, CO2 emissions, and water consumption.

“Key players’ focus is expected to depart from developed to emerging economies the world over. This is due to the exponential growth potential reserved in these countries, namely India, Canada, Spain, Australia, Singapore, etc. Manufacturers are also focusing on increasing application areas of these apparel, as the industry aims to become dynamic in years to follow,” says an FMI analyst.

Key Takeaways from the Stain-resistant Fabric Market Report

The stain-resistant fabric market in the United States is predicted to expand at a CAGR of 10%, whereas in Canada the growth rate is predicted to represent 26% CAGR.
Within Europe, Spain, Italy, and France, are expected to account for a growth rate of 28%, 24%, and 23% through 2034.
India is predicted to display exponential growth in the upcoming years, as analysts of FMI estimate the country to expand at a CAGR of 31.3% through 2034.
Australia and Singapore are other robust markets in Asia Pacific, recording CAGRs of 29.10% and 26.80% through 2034.
Based on product type, nylon is predicted to acquire a market share of 27.90% in 2024.
Hypermarket/supermarket segment is anticipated to obtain a market share of 24.90% in 2024.

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Key Players of Stain-resistant Fabric are Walking on the Staircase to Success

The focus area of leading players in stain-resistant fabric industry includes research and distinct developments. Market players are taking a cost-effective yet distinct route to gain repeated customers for stain-resistant fabrics. Typical non-organic growth strategies undertaken by leading players, such as partnerships, collaboration, expansion, mergers, and acquisition, are expected to consolidate their market position.

New Developments Taking Place in the Stain-resistant Fabric Market

In October 2023, Blueisland, a brand recognized for its unique and cost-effective approach to the fashion world, officially announced exciting new enhancements to wardrobes across the globe. In this exclusive line of Stain-proof and Breathable Clothing, fashion meets functionality. The new portfolio allows wearers to enhance their style quotient while efficiently combating the regular stains.
In March 2022, ACS Applied Nano Materials, a research journal, published novel nanotechnology research that inspects real-world applications of super water-repellent cotton fibers.

Market Segmentation of Stain-resistant Fabric Industry

By Type:

Cotton
Silk
Velvet
Denim
Laminated fabric
Stretch fabric
Polyester
Nylon
Woven fabric
Others

By Application:

Household
Commercial
Hospitality
Educational Institutes
Others

By Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Independent Stores
Online Store

By region:

North America
Latin America
Europe
Asia Pacific Except for Japan
Japan
The Middle East and Africa

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.

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Nandini Singh Sawlani

Capitalize on the Rising Demand: Fiber Cement Market Poised to Reach US$ 28.68 Billion by 2033

The fiber cement market is anticipated to thrive at a slow-paced CAGR of 4.7% between 2023 and 2033. The market is expected to have a market share of US$ 28.68 billion by 2033 while it is likely to be valued at US$ 18.12 billion in 2023.

The advent of new alternative materials for construction and industrial applications is expected to give birth to several markets like fiber cement and bricks. Furthermore, the sustainability, low cost, and maintenance associated with fiber cement are also flourishing the market growth.
New sustainable projects are applying nature-friendly yet durable construction materials in their buildings. Hence, high sales of fiber cement are anticipated during the forecast period. Also, the long-life span and versatility in design give it an edge over the usual cement.
One of the prominent growth factors for fiber cement is its fire and heat-resistant nature which is mainly weather resistant as well. These properties make fiber cement revolutionize the construction material industry.
The affordable pricing adds value to its sales as it is economically beneficial as well due to the long shelf life, limited maintenance, and low price. Alongside this, the sustainable materials used in its formation are expected to attract aware end users.
The key reason why end users are preferring these sustainable construction materials is the small installation time. Further, the usage of the right tools can reduce 50% of the time comparatively.
These fiber cement come in the form of cement board and slide with high longevity. Also, the flexibility gives the constructor the option of designing it with high ease.

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Key Points

The United States market leads North America’s fiber cement market in terms of market share in North America. The United States held a market share of 11.4% in 2022. The factors attributed to the growth are rising residential and industrial construction and the government providing subsidies to eco-friendly construction material businesses.
Germany’s fiber cement market held a healthy market share of 8.9% in 2022. The market growth is caused by the German government’s extended research and development programs, focusing on using materials like carbon fiber, fiber-reinforced concrete, etc.
India’s market thrives at an average CAGR of 5.5% between 2023 and 2033. Further, the growth is attributed to the penetration of innovation in the construction and electrical sector.
China thrives at a CAGR of 5.1% between 2023 and 2033.
Based on raw material type, the Portland segment held the leading market share of 37.9% in 2022.
Based on application type, the sliding segment leads as it held a market share of 24.3% in 2022.

Competitive Landscape

The key suppliers focus on sustainability, reusable material, and fast installation. The competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

PPG Industries Incorporated has launched its protection over wood along with fiber cement and composite substrates, delivering to verticals like automotive, commercial, and residential.
Ecolab Incorporated has introduced the fiber building materials such as fiberglass filament, mat, and insulation. These products also include flat glass, ceiling tiles, and fiber cement.

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Key Players Profiled in the Fiber Cement Market

Dow Chemical Company
Hardie (James) Industries Plc.
Imerys SA
Elementia SA de CV
Building Materials Corporation of America
PPG Industries Incorporated
Akzo Nobel NV
Canfor Corporation
Ecolab Incorporated
Central Fiber LLC
Mercer International Incorporated
US Silica Holdings Incorporated

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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 ~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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Building Thermal Insulation Market Booming: Reach New Heights with a 4.3% CAGR by 2032

The global building thermal insulation market is anticipated to create an absolute dollar opportunity in the future by securing US$ 29,034 Million in 2022. The market is expected to exhibit a stable CAGR of 4.3% throughout the forecast years from 2022 to 2032. By 2032, the building thermal insulation market is slated to reach a valuation of around US$ 44,233.7 Million.

Rising commercial and residential applications to trim down the overall energy costs and increasing consumer awareness about energy consumption are expected to bolster growth in the market.

According to Indian Green Building Council, insulation building saves money and protects the environment at the same time. It enhances general comfort and decreases monthly expenditure. With the introduction of green technologies and green practices, energy savings can reach as high as 40% to 50% in the global market.

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Key Takeaways

The industry’s focus is drastically being shifted from the environmental impact of insulation materials to the advancement of environment-friendly products. This drastic shift is due to changing consumer preferences for more advanced technologies. Furthermore, recyclable thermal insulation packs are also gaining traction due to the stringent government regulations responsible for conventional products like plastic foams.
The growing environment awareness and surging preference for recyclable, green, and biodegradable products by homeowners, businesses, and architects are expected to augment growth in the market across the forecast period.
There is a reasonable surge witnessed in the world for building thermal insulation attributed to the expansion of buildings and the construction sector. Thermal insulation systems help buildings in keeping a check on temperatures and make them consistent by reducing heat transmission between the adjacent environments. These efficient insulations also cut down on carbon emissions by decreasing heat transfer to the outside environment and it also needs way lesser energy to maintain temperature.
Due to the rise in industrialization, thermal insulations are widely installed in commercial buildings in order to save energy, which is expected to spur the market size in the upcoming years. According to the U.S Census Bureau and U.S Department of Housing and Urban Development, 1,295,000 housing projects were completed. The rising construction projects are anticipated to foster the building thermal insulation market in the forecast period.
Affordable insulation services have led consumers to buy DIY insulation products due to their affordability and being less expensive. Such DIY products are available as insulating panels and sprays designed by professionals for specific consumers who cannot afford the high-end insulation services.
Residential construction across the world is gaining significant traction owing to the factors such as migration from rural areas to service sector clusters, the increasing trend of nuclear families, and population growth.

Competitive Landscape

Key market players are anticipating offering DIY insulation products because of their low cost and help reduce consumers’ overall market expense. In addition to that, widespread awareness of energy efficiency in residential buildings is fueling market growth. Prominent players in the market are adopting various innovative technologies that are expected to widen the market growth scope in the coming time.

Top Key Players

Rockwool International A/S
Atlas Roofing Corporation
Dow Building Solutions
Principal Financial Group Inc.
Johns Manville
Huntsman Corporation
Kingspan Group
Owens Corning
BASF SE
Saint-Gobain

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More Insights into the Building Thermal Insulation Market

According to the FMI analysis, North America is anticipated to dominate the global building thermal insulation market by securing 27.3% of the total market share in 2022. The U.S. is expected to account for the largest market share owing to several initiatives taken to expand of adoption of insulation in the market.

North America is witnessing a surge in residential and commercial construction activities combined with the implementation of stringent green building codes to reduce the energy consumption per structure, which is projected to accelerate the market growth.

Europe is expected to emerge as a lucrative market by possessing a total market share of 18.1% in 2022. The growth of the European region is attributed to the initiatives taken by Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the European Commission to promote thermal insulation as a means of energy conservation.

Germany has a significant contribution to the surge in the regional market across the estimation period. According to the Main Association of the German Building Industry, the German Construction sector is likely to bring in sales of Euro 151 billion in 2022.

The Asia Pacific is expected to portray a positive growth rate throughout the assessment period, attributing the growth to a surge in construction activities in the region in order to meet the demands of a growing population. China is predicted to account for the largest market share.

About Future Market Insights (FMI)

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

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Food Blender and Mixer Market Poised to Reach a Valuation of US$ 15.10 Billion by 2032

During the forecast period, the Food Blender and Mixer Market are expected to register a Compound Annual Growth Rate (CAGR) of 6%, increasing from US$ 8.43 billion in 2022 to a valuation of US$ 15.10 billion by 2032.

The rise in sales of food blenders and mixers is anticipated due to advancements in their designs, enabling them to meet consistency requirements while expanding product lines and reducing manufacturing costs. Additionally, changing consumer lifestyles and increasing demand for convenience foods are driving the demand for food blenders and mixers.

Moreover, the growing disposable income of individuals in developing countries is expected to further boost the market share of the food blender and mixer market.

The report highlights the factors contributing to the increased sales of food blenders and mixers, presenting opportunities for market players. However, the market also faces challenges that may impede it from reaching its full potential.

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It has been noticed that recent advancement in blender and mixer designs have added to the growing attainment of food companies, meeting their requirement for consistency and growing new products while also lowering production costs.

The Food blender and mixer market in India is currently growing at a rapid pace and is anticipated to grow at a significant growth rate in the next few years. Rising processed food industry will escalate the demand of food blenders and mixer all across the globe.

Global Food Blender and Mixer: Market Segmentation

The global Food Blender and Mixer market is segmented on the basis of type of blenders which include shaft mixers, ribbon food blender, high shear mixer, double cone food blender, screw mixer and food blender and planetary mixer.

The global food blender and mixer market is also divided on the basis of applications such as bakery, dairy, beverage, confectionary and others. The dairy is further sub-segmented by ice-cream, milk, yogurt and others. The global food blender and mixer market is also divided by technology type such as continuous and batch.

Global Food Blender and Mixer Market: Growth Drivers

Booming processed food industry is driving the demand for food blender and mixer all around the world. Apart from this, tiring work schedules necessitates on the go consumption and accessible meals. The global food blender and mixer market is expected to showcase rapid growth in future due to rising consumption of bakery, beverage and confectionaries in developing economies.

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The robust growth of disposable income in the developing economies is also fostering the growth of global blender and mixer market across the globe. Along with this, increasing health consciousness among consumers have prompted the sales of processed food products thus stimulating the growth of global food blender and mixer market.

Global Food Blender and Mixer Market: Regional Outlook

Geographically, the Global Food Blender and Mixer industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. The European region captured the major chunk in the global food blender and mixer market in 2014.

The consumption of food products which include snacks, bakery and dairy products are rising in European countries. In the coming few years, the market in Asian region is estimated to grow at a higher pace as compared to markets of Europe and North America.

Global Food Blender and Mixer Market: Players

Some of the key vendors identified across the value chain in the global Food Blender and Mixer market include Tetra Laval International S.A., SPX Corporation, GEA group, Krones AG, Sulzer Limited, Buhler Holding AG, John Bean Technologies Corporation, KHS GmbH, Marel HF and Hosokawa Micron Corporation.

In order to gain the competitive advantage, the companies are going for expansions and moving to new and untapped markets. The top companies are also acquiring small and local players in order to mark their significant presence in the global food blender and mixer market.

Regional analysis for Global Food Blender and Mixer Market includes

North America
- US & Canada
Latin America
- Brazil, Argentina & Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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.

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Nandini Singh Sawlani

Observability Platform Market Grows at 8.2% CAGR, Reaching US$ 5,553.2 Million by 2032

Observability platform market use is anticipated to grow at a compound annual growth rate (CAGR) of 8.2% throughout the projected period. By 2032, the observability platform market is expected to grow from US$ 2,173.7 million in 2022 to US$ 5,553.2 million.

In the upcoming years, the market for observability platforms is anticipated to expand at an incredible rate. The observability platform is growing as a result of the growing number of small and large-scale organisations depending on cloud-based solutions for containerisation, service virtualization, and other uses.

On the other hand, emerging trends such as Artificial Intelligence (AI) and Machine Learning (ML) are propelling the market forward. AI and ML process massive amounts of data and assist in menial tasks, allowing IT staff to focus on more specific tasks and learning patterns, anticipating problems, and suggesting solutions.

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Various organizations all over the world are focusing on reducing time and maintaining the software development operation process. DevOps improves developer collaboration and synchronization while decreasing maintenance for the continuous development process.

Furthermore, automated operations are more accurate and effective than manual operations, and they reduce the cost of operation failure, which is propelling the growth of the observability platform market.

Key Takeaways from Market Study

The observability platform market is expected to register at a CAGR of 8.2% and 18.9% in Latin America and 20.4% in East Asia respectively through 2032
North America is likely to dominate the market with a share of 32.9% owing to. increased market acceptance of software automation tools used to generate successful outcomes in industries
European observability platform market is expected to be valued at US$ 115.7 Mn holding 30.7% share in 2022 and it is expected to register with CAGR of 4.2% over the forecast period.
The observability segment in solutions leads the observability platform market with a share of 56.0% in 2021 as a result of widespread acceptance of these solutions by industries such as finance, manufacturing and resources and infrastructure
The public sector in the industry segment is predicted to have the highest growth rate of 18.1%. Public sector operations include a wide range of regular and irregular activities and transactions carried out by employees, customers, and third-party vendors.
An observability platform for IT administrators and DevOps teams based in Bengaluru and California. LOGIQ has raised $1.8 million in its first seed round, led by New Delhi-based venture capital firm Leo Capital.

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Competitive Landscape

Due to the presence of key players such as IBM, HCL, Tech Mahindra, and Broadcom Inc., among others, the competitive rivalry among market participants is high. Their ability to constantly innovate their products and services has given them a competitive advantage over other market players. Strategic partnerships, mergers and acquisitions, and R&D activities can help these companies expand their market footprint.

Key Players in the Observability Platform Market

Dynatrace
ScienceLogic SL1
LogicMonitor
Auvik
New Relic
GitLab
AppDynamics
SolarWinds AppOptics
Splunk IT Service Intelligence (ITSI)
Datadog
Sumo Logic

Latest Developments in the Observability Platform Market

August 2020- Rackspace Technology released Rackspace Fabric, which now includes the Moogsoft AIOps Platform and thus applies artificial intelligence (AI) and machine learning (ML) to log, metric, trace, and alert data to assist in the resolution of IT incidents faster and more effectively. Rackspace Fabric integration means that Rackspace customers will benefit from increased uptime and fewer incident alerts by utilising machine learning to solve IT problems.

October 2020- Splunk Inc. announced enhancements to its IT Operations portfolio, including the launch of Splunk Service Intelligence for SAP solutions, a new version of Splunk IT Service Intelligence (ITSI), Splunk Infrastructure Monitoring Add-On, and Splunk IT Essentials. Customers can embrace the cloud-driven transformation with Splunk’s advanced IT solutions, regardless of where they are in their IT modernization journey.

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Key Segments Covered in the Observability Platform Market Report

By Solution:

Observability
Services

By Enterprise Size:

Small Offices
Small Enterprises
Medium-Sized Enterprises
Large Enterprise
Very Large Enterprises

By Industry:

Services
Distribution Services
Public Sector
Finance
Manufacturing and Resources
Infrastructure

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 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

Wood Plastic Composites: Sustainable Alternative Heats Up Construction Market to Reach US$ 16 Billion by 2032

The wood plastic composites market size is forecasted to flourish at a CAGR of 11.3% and reach a valuation of US$ 16.06 Billion by 2032, while it holds a revenue of US$ 6.38 Billion in 2022.

Growing construction and repairing activities in the areas with dilapidated buildings are fueling the sales of wood-plastic composites, though the covid-19 has damaged the supply chain and distribution channel, limiting the growth of wood plastic composites market.

Wood plastic composite with its lower melting temperature, unlike the other conventional wood products is expected to grow at a decent rate over the forecast period. Its lower cost and energy-efficient structure attracts a lot of end-users, fueling the sales of wood plastic composites.

Expanding wood-plastic composites market size can be attributed to its nature-friendly feature because of which it is used in planned cities to keep the environment healthy and the habitat more natural. This not only increases the sales of wood plastic composites but creates positive future prospects for the market.

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Key Takeaways from Market Study

As on 2022, the valuation of wood plastic composites market is US $ 6.38 billion.
In 2032, the valuation for the wood plastic composites market is expected to be US $ 16.06 billion.
Based on the application, the building and construction segment holds 71% of the global revenue.
Based on the product type, the leading segment is Polypropylene holding 13% of the market share.
Asia Pacific is currently the largest market having 30.11% of the global share.
South American market is expected to be one of the fastest growing markets and is currently showing positive signs.
North American market is anticipated to grow during the forecast period because of the wide scope in the usage of the product.
European market as well is expected to grow during the forecast period because of the eco-friendly aspect of the product.

“The usage of the wood plastic composites has increased in the recent times owing its lower cost and energy-efficient manufacturing processes, and increased scope of usage. Additionally, an important aspect associated with wood plastic composites are that these are eco-friendly, which contribute to the cause of sustainable development.” says a Future Market Insights analyst.

Competitive Landscape

The Wood plastic composites market is composed of enterprises that are focusing on expanding their supply chain and the sales channel. The key competitors understand and focus on experimenting with the product while making it nature-friendly and industry-specific for the end users. This makes the competitive landscape more dynamic and versatile, thereby leading to the expansion of wood plastic composites market.

Recent Developments

CertainTeed Corporation has added new products into its siding portfolio that includes vinyl, polymer, stone and composite siding. Composite siding includes construction specific wood plastic composites. This fuels the sales of wood plastic composites.
Fiberon and BlueLinx has introduced 14 new distribution spaces for composite decking and railing products. These new distribution centers are located in Denver, Colorado, Jacksonville and Tampa, Florida, Chicago, Illinois, Detroit and Grand Rapids, Michigan, among other cities, pushing the demand for wood plastic composites

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Wood Plastic Composites Market by Segmentation

By Product Type:

Polyethylene
Polypropylene
Polyvinylchloride

By Application Outlook:

Building and Construction
Automotive Components
Industrial and Consumer Goods

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~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

ADAS Sensors Market Surges to US$ 70.33 Billion by 2033, Fueled by Increasing Adoption of In-Vehicle Systems for Monitoring and Control

The global ADAS sensors market in 2022 was US$ 28.12 billion and is estimated to be US$ 30.53 billion in 2023. As per the Future Market Insights projection, the ADAS sensors market is anticipated to expand at a CAGR of 8.7% between 2023 and 2033, totalling around US$ 70.33 billion by 2033.

ADAS (Advanced Driver Assistance Systems) in-vehicle systems help in monitoring, warning, and managing the vehicle with partial and full driver control like when a person drives the car but is unable to completely concentrate on driving and is in need of appointing in vehicle control, where the driver is driving in or doing other tasks such as parking the vehicle.

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There is full concentration on the development of high-precision sensors as ADAS sensors play an important part in ADAS decision-making for vehicle control thus, upliftment of the market arises.

Reasons like the lack of infrastructures outside urban areas, exhibiting cost considerations, and insufficient driving in training or discipline are all restraining the industry’s development in developing countries.

Key Takeaways from the Market Study

The global advanced driver assistance systems (ADAS) sensors market expanded at a CAGR of 7.4% between 2018 and 2022.
The global ADAS sensors market is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching US$ 43.2 billion in 2030.
Future Market Insights (FMI) says that the sales in the ADAS sensors market accounted for 6-7% of the global sensors market in 2020.
North America’s ADAS sensors market is expected to hold a 15.6% of the total market share whereas the United States holds a value share of 14.8%.
The United Kingdom is projected to emerge as a significant pocket over the assessment period with a market share of 14.2% whereas Germany’s market is said to expand at a CAGR of 8.9% due to the high adoption of ADAS systems in economic and luxury vehicles.
Europe’s ADAS sensors market held a dominant share of 24.3% in the global ADAS sensors market in 2022.
The rising preference for cruise control in modern vehicles might spur demand for ADAS sensors that drives sales in this segment holding a market share of 52.4%.
The demand for ADAS sensors in the passenger vehicles segment is expected to continue rising over the forecast period as per FMI holding a market share of 49.9%.
A wide availability of ADAS radar sensors offered by OEMs might boost sales with a value share of 40.2%.

The presence of a variety of electronic monitoring and controlling devices is one of the key developments of the ADAS market – comments a Future Market Insights Analyst.

Some of the prominent players profiled in the global market are

Continental AG
Robert Bosch GmbH
Denso Corporation
Delphi Technologies PLC
Hella GmbH & Co. KGaA
TE Connectivity
CTS Corporation
NXP Semiconductors N.V.
Microchip Technology Inc.
Infineon Technologies AG

Important Developments by Key Players in the Market

In January 2023, from the latest in energy-efficient lifestyle products to advances in e-mobility that electrify vehicles and roadways to the realization of a carbon-neutral town, Panasonic highlights its innovations, smart collaborations, environmentally responsible solutions, and wellness technology at CES 2023.
In May 2023, Japan’s Panasonic Holdings Corp (6752.T) aims to ramp up production of battery cells used in electric vehicles by building at least two new factories in North America.

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ADAS Sensors Market Segmentation

By Product Type:

Blind Spot Detection
Night Vision Sensors
Light Sensors
Parking Sensors
Cruise Control

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

Original Equipment Manufacturers (OEM)
Original Equipment Spares (OES)
Independent Aftermarket (IAM)

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
The Middle East & Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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