According to Future Market Insights, the global fruit processing equipment market size is anticipated to grow from US$ 3,800 Million in 2023 to US$ 6,934.7 Million by 2033, with overall sales accelerating at 6.2% CAGR throughout the forecast period (2023 to 2033).
Rising consumption of processed fruit products across the world, growing need for extending the shelf life of fruits, and increasing penetration of automation across fruit industry are some of the key factors driving demand for fruit processing equipment in the market.
Similarly, growing focus on improving productivity and reducing overall costs across fruit processing industries is expected to boost the fruit processing equipment market. Adoption of automation in fruit processing industry has significantly cut down various costs which used to occur while processing fruits.
Furthermore, rise in the export of fruit-based products and relaxations in the export of Fruit Processing Equipment will aid in the expansion of fruit processing equipment market during the next ten years.
Key Takeaways from the Fruit Processing Equipment Market Study:
Based on equipment type, the pre-processing segment holds the largest market share of the global fruit processing equipment market while the packaging and handling segment is likely to grow at a higher pace during the forecast period.
North America and Europe together hold the largest share of the global fruit processing equipment market and the trend is likely to continue during the forecast period.
The U.S. holds around 72% of the North America fruit processing equipment market.
The U.K. fruit processing equipment market size is currently valued at around US$ 332.1 Million.
Demand for fruit processing equipment across China is expected to grow at a robust pace during the next ten years.
Who is Winning?
Top players operating in the global Fruit Processing Equipment market include Marel HF, Key Technology Inc., John Bean Technologies Corporation, CTB Inc., and Baader Food Processing Machinery Inc. These companies are continuously upgrading their product portfolios by launching new and advanced fruit processing equipment.
As new fashion trends emerge and product promotions become stronger, the global mascara market is forecasted to reach US$ 31.2 million in 2022. Rising at a Compound Annual Growth Rate (CAGR) of 5.0%, it is expected to be worth US$ 50.8 million from 2022 to 2032.
Cosmeticians often utilize mascara applicators to prevent makeup from smudging or running. These applicators serve as guides for users, ensuring easy application while protecting the eyelids and under-eye areas from smudging. Advanced technologies like 3D printing and advanced material science are employed in the manufacturing of mascara applicators. Furthermore, the influence of social media marketing and online beauty influencers is expected to significantly impact market growth in the near future.
Advanced technologies are being used for manufacturing of mascara applicators such as 3D printing and advanced material science. A recent mascara applicator launch by Chanel Company used 3D printing for production. The mascara applicators market is estimated to see a high growth for the forecasted period with many product launches.
The booming cosmetics industry and availability of different types of mascaras demand number of mascara applicators. The increasing demand has also fuelled the innovations in mascara applicators. Many a company from South Korea and France are seen to launch new mascara applicators. The newly launched applicators focus on the maximum effect of application with great ease. Moreover, research is being done for more soft and even bristles on the mascara applicators. But the availability of new products regionally is essential.
Regional Outlook
Regionally, the mascara applicators market is segmented by North America, Latin America, Europe, East Asia, Oceania, South Asia, and the Middle East and Africa.
The mascara applicators anticipate a positive impact on the cosmetics and beauty industry. East Asia dominates the mascara applicators market owing to the famous multi-layer makeup procedure adopted the South Korea women. Moreover, the increasing population of China demands many mascara applicators from South Korea and Japan.
The Middle East and Africa (MEA) have the strong potential to upsurge the mascara applicator market with growing consumers from this regional market. North America also has a growing mascara applicator market because of increasing attention to personality among the women.
The mascara applicator market forecasts innovative products from Europe beauty companies expanding the penetration of the mascara market with the availability of many products. The mascara applicator market in South Asia and Oceania anticipates a high growth rate. Latin America in the mascara applicator market will boost with the increasing disposable income of consumers.
Some of the major players in the mascara applicators market
RAEPA LTD.
Markwins International
East Majik Creative LLC.
Gospire, Ebates Inc.
Albéa
Anisa International
Cospack America Corporation
International Cosmetic Suppliers Ltd.
Unique Specialty Products Ltd.
Yuan Harng Co. Ltd.
Well Lord Inc
Baralan USA
Chanel
Others
The research report presents a comprehensive assessment of the mascara applicators market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for mascara applicators market. The research report of mascara applicators provides analysis and information according to market segments such as geographies, product type, nature, and application.
Key Segments Profiled in the Mascara Applicators Industry Survey
Product Type:
Tapered Wand
Curved Wand
Micro Wand
Fat Brush Wand
Precision Tip Wand
Ball Wand
Comb Bristle Wand
Price Range:
Low
Medium
High
Nature:
Reusable
Disposable
Sales Channel:
Direct
Indirect
Hypermarket/Supermarket
Independent Stores
Specialty Stores
E-commerce
Others
Region:
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & 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.
The commercial convection oven market is sizzling with activity, driven by a rising demand for efficient and versatile cooking solutions in professional kitchens. Here’s a breakdown of the current landscape, exciting opportunities for manufacturers, and a glimpse into the future of this essential equipment category.
Current Scenario:
Market Growth: The commercial convection oven market is expected to witness consistent growth, with estimates suggesting a CAGR (Compound Annual Growth Rate) ranging from 5.9% to 7.2% by 2031 [1, 2]. This growth is fueled by several factors:
Increased Demand for Efficiency: Commercial kitchens are constantly seeking ways to improve efficiency and speed up cooking times. Convection ovens, with their even heat distribution and faster cooking capabilities, cater to these needs perfectly.
Focus on Healthy Cooking: The growing trend towards healthy eating habits is driving demand for ovens that can cook food with minimal fat and retain essential nutrients. Convection ovens excel at this task.
Expanding Restaurant Industry: The global restaurant industry is experiencing steady growth, leading to a rise in the number of commercial kitchens and consequently, a greater need for convection ovens.
Market Dynamics: While the outlook is positive, some challenges exist:
Competition: The market is witnessing increased competition from both established and new players, leading to price pressures and innovation.
Consumer Awareness: Educating potential buyers on the various features and benefits of different convection oven models remains crucial.
Innovation in Design and Functionality: Develop ovens with features like improved temperature control, pre-programmed settings for specific dishes, and energy-saving modes.
Focus on Specific Needs: Offer a wider range of oven sizes and configurations to cater to the diverse requirements of restaurants, bakeries, and other food service establishments.
Smart Oven Technology: Integrate smart features like Wi-Fi connectivity, remote monitoring capabilities, and recipe downloading for a more user-friendly and efficient cooking experience.
Sustainability Push: Develop energy-efficient convection ovens and utilize eco-friendly materials in the manufacturing process to cater to environmentally conscious businesses.
Emphasis on After-Sales Support: Provide comprehensive after-sales support, including installation, maintenance, and readily available spare parts, to ensure customer satisfaction and brand loyalty.
Future Scope:
The commercial convection oven market is poised for continued growth, fueled by several promising trends:
Growth in Fast-Casual Dining: The popularity of fast-casual dining chains, which prioritize speed and efficiency, will further drive demand for convection ovens.
Focus on Automation and Labor Efficiency: Advancements in automation and kitchen technology, including self-cleaning ovens, will be attractive features for commercial kitchens facing labor shortages.
Rise of Cloud Kitchens and Ghost Restaurants: The growing trend of cloud kitchens and ghost restaurants, which rely heavily on takeout and delivery, will necessitate efficient and versatile cooking equipment like convection ovens.
The global beta thalassemia testing market, estimated to be worth US$ 445.57 Million in 2022, is set to experience substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 8.2%. By 2032, the market is projected to reach US$ 963.62 Million, according to recent market analysis.
Beta thalassemia, a condition characterized by reduced hemoglobin production, poses significant challenges to affected individuals. Hemoglobin, a crucial protein containing iron, is responsible for transporting oxygen throughout the body via red blood cells. In beta thalassemia patients, low hemoglobin levels result in inadequate oxygen delivery to various tissues, leading to symptoms such as pale skin, weakness, fatigue, and an increased risk of abnormal blood clotting.
The severity of beta thalassemia symptoms classifies the disease into three categories: thalassemia major (Cooley’s anemia), thalassemia intermediate, and thalassemia minor. Among these, thalassemia major is considered the most severe form.
Diagnostic tests play a crucial role in identifying and managing beta thalassemia. Complete Blood Count (CBC) is one such test that determines the levels of hemoglobin and red blood cells in the bloodstream, aiding in the diagnosis and monitoring of the disease.
The anticipated growth of the beta thalassemia testing market reflects the increasing awareness and prevalence of this condition worldwide. As healthcare professionals and stakeholders continue to prioritize early detection and effective management strategies, the demand for advanced diagnostic tools and technologies is expected to surge.
The projected expansion of the beta thalassemia testing market underscores the importance of ongoing research and innovation in healthcare, aiming to improve the quality of life for individuals affected by this genetic disorder.
The highlights the positive outlook for the beta thalassemia testing market, driven by several key factors:
Increasing prevalence: A growing number of beta thalassemia patients is fueling the demand for diagnostic tests.
Early detection: Rising awareness about the importance of early diagnosis is leading to more frequent testing.
Technological advancements: Development of new, sophisticated testing methods is making diagnosis quicker and more accurate.
Global reach: Companies are focusing on creating affordable tests to tap into the vast potential of developing countries.
Increased R&D investment: Growing investment in research and development is leading to more new and improved diagnostic tools.
In simpler terms, as more people are diagnosed with beta thalassemia and the importance of early detection becomes clearer, there’s a growing need for better testing methods. This need is driving innovation in the market, with companies developing more affordable and sophisticated tests to cater to a global audience.
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.
Future Market Insights (FMI) reveals that Europe golf tourism market revenue is set to surpass US$3,333.7 million by the end of 2023. In 2033, the Europe golf tourism industry is evaluated at around US$ 6,865.0 million. Sales are likely to grow at 7.5% CAGR during the projection period 2023 to 2033.
The Europe golf tourism industry is a thriving industry that appeals to golf enthusiasts worldwide. Europe offers an array of renowned golf destinations, including Scotland, Ireland, Spain, Portugal, England, and France, each with its distinct golfing experiences. The region boasts numerous golf courses, ranging from traditional links to modern resort complexes, designed by esteemed architects.
Europe also hosts prestigious golf events like the Open Championship and Ryder Cup. These attract top professional golfers and high generate interest among golf tourists. The well-developed golf infrastructure includes private clubs, resort courses, and public facilities. They are now providing comprehensive services and accommodations for travelers.
Europe’s accessibility through its extensive transportation network, and proximity between countries allows tourists to combine golf with cultural and historical attractions. This, overall, makes Europe an attractive travel destination.
The market is supported by specialized golf tour operators, online travel agencies, and online platforms. They offer tailored packages and simplify the planning process for tourists on a schedule. With growing demand for golf experiences and a wide range of offerings, the Europe golf tourism industry continues to thrive and entice golf enthusiasts from around the world.
Numerous travel agencies and tour operators specialize in organizing golf packages and tours in Europe. These packages often include accommodations, tee times, transportation, and other amenities. They help in providing convenience and comfort to golf tourists.
Several golf tourists look for destinations that offer a mix of golfing opportunities and other leisure activities. European countries provide a wide range of options. These include cultural attractions, fine dining, wine tours, and outdoor adventures, allowing visitors to have a well-rounded experience.
Technology is playing a vital role in enhancing the golf tourism experience. Mobile apps and online platforms provide golfers with easy access to properties and providers. It includes course information, bookings, and virtual tours making it convenient for tourists to plan their trips.
Key Takeaways from the Market Report:
Europe golf tourism market is projected to exhibit a CAGR of 7.5% during the forecast period from 2023 to 2033.
In 2033, the revenue generated from the Europe golf tourism market is about US$ 6,865 million.
Europe golf tourism industry is estimated to hold a valuation of around US$ 3,333.7 million by 2023.
Spain is set to account for the lion’s share in the Europe golf tourism market and increase at 7.8% CAGR between 2023 and 2033.
Based on group type, corporate group is likely to hold about 28% shares in the Europe golf tourism industry by 2033.
Who is winning?
Leading players in Europe golf tourism industry are
AGS Golf Vacations
Carr Golf Travel
Classic Golf Tours
Club Choice Ireland
Elite Golf Experiences
FAIRWAY Golf Resort
Golf Escapes
Your Golf Travel
The Golf Travel People
The Golf Travel People
Golf Tours International
Golf Plaisir
Golf International
Golf Explorer
Executive Golf & Leisure
com
Scottsdale Golfing
PerryGolf,
Celtic Golf
Key manufacturers are focusing on developing high-quality golf equipment. It includes clubs, balls, bags, and accessories. They can invest in research and development to introduce new technologies and material. It will help in enhancing performance and appeal to golfers.
They are also sponsoring golf tournaments, professional players and unique selling propositions to target specific segment of golfers. They are also partnering with retailers, pro shops, and resorts to showcase and sell their products.
Recent developments:
In June 2023, Golf has been bitterly divided until the PGA Tour, European Tour, and rival Saudi-funded LIV Golf circuit unveiled a historic deal to consolidate and create a commercial organization to unify the sport.
Europe Golf Tourism Market by Category
By Direct Suppliers:
Airlines
Hotel Companies
Tour Operators
By Indirect Suppliers:
OTA (Online Travel Agency)
Traditional Travel Agencies
TMCs (Travel Management Companies)
Aggregators
By Number of Bookings:
By Purpose:
Tournament
Leisure
By Age Group:
15 to 25 years
26 to 35 years
36 to 45 years
46 to 55 years
56 to 65 years
66 to 75 years
By Booking Method:
Travel Agent
Online Direct
By Demographic:
Male
Female
By Nationality:
Domestic
International
By Group Type:
Corporate
Family
Couples
Youth Groups
Single Tourist
By Country:
Scotland
Ireland
United Kingdom
Germany
Spain
France
Portugal
Italy
Czech Republic
Turkey
Poland
Hungary
Romania
Bulgaria
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.
The United States boutique hotel market is set to surpass US$ 17.6 billion in 2023. It is expected to reach US$ 29.3 billion by 2033 and grow at a CAGR of 5.2% during the projection period 2023 to 2033.
Modern travelers are placing more emphasis on experiential travel, where they seek immersive experiences. This allows them to connect with the local culture and environment. Boutique hotels often reflect the character and charm of their surroundings.
Boutique hotels offer guests a chance to engage with the destination on a deep level. This aligns with the prevailing trend of experiential travel and contributes to the increasing demand for boutique hotels.
The young generations, specifically millennials and Gen Z, exhibit a strong preference for unique, boutique-style accommodations. They tend to value authenticity, local experiences, and personalized service.
Young generations continue to urge in prominence as a significant segment of the travel market. Their preferences will be key to the steady growth of boutique hotels over the forecast period.
Consumer preferences have shifted towards supporting local businesses, sustainability, and ethical practices. Boutique hotels often embody these values by sourcing locally, implementing eco-friendly initiatives, and engaging with the local community.
Such practices resonate with conscientious travelers who are willing to pay a premium for responsible and sustainable hospitality experiences. These factors are expected to fuel the growth of boutique hotels.
Unlike large chain hotels, boutique hotels are typically small in size, featuring few rooms and a more intimate experience. This creates a sense of exclusivity and allows for a personalized and intimate guest experience.
Several boutique hotels strive to provide guests with authentic local experiences. They often collaborate with local businesses and organize unique activities. They offer a curated experience that allows guests to explore and immerse themselves in local cultures.
Boutique hotels also provide high-quality dining experiences. They might also have on-site restaurants or partner with renowned chefs to offer innovative and locally inspired menus. They emphasize farm-to-table ingredients, and create a memorable culinary experience.
Key Takeaways from the Report:
The United States boutique hotel market is expected to be valued at US$ 29.3 billion by 2033.
In terms of purpose, leisure & vacation visit segment accounted for the lion’s share in the market.
By age group, 26 to 35 years segment is expected to prefer to visit boutique hotels more.
In terms of duration of visit, a 4 to 6-night trip is estimated to account for a relatively high share in the target market.
Based on nationality, the domestic travellers’ segment held around 54.6% shares in 2022.
By demographics, men travellers are more prevalent in the target market and held a share of 55.4% in 2022.
The market was valued at US$ 16.9 billion in 2022.
The market experienced a Y-o-Y growth of ~4.4% during 2022 to 2023.
“Demand for unique and personalized hospitality experiences. The comprehensive analysis underscores the sector’s resilience, showcasing a vibrant blend of upscale amenities and distinct charm, positioning boutique hotels as key players in the evolving hospitality industry.” Says Ronak Shah (Associate Vice President at Future Market Insights).
Who is winning?
Boutique hotels differentiate by prioritizing personalized, authentic experiences, unique design, and local culture integration. Through technology and continuous innovation, they position themselves as distinctive destinations in the hospitality industry, aiming to create a one-of-a-kind atmosphere for guests.
Ace Hotel
Kimpton Hotels
Thompson Hotels
The Standard Hotels
The Hoxton
21c Museum Hotels
Graduate Hotels
Joie de Vivre Hotels
Proper Hotels
The James Hotels
For instance,
In April 2023, the second boutique hotel under the Kimpton Hotels & Restaurants brand will open in New York City, part of the luxury and leisure portfolio of IHG Hotels & Resorts.
In May 2023, three new hotels will be managed by Life House, an innovative hotel management firm, in Texas.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of United States & Canada boutique hotel market. It presents a historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on boutique hotel market by nationality type (domestic and international), by tour type (independent traveller and tour group), by demographic (men and women), by age group (15 to 25 years, 26 to 35 years, 36 to 45 years, 46 to 55 years, 66 to 75 years), by duration of visit (1 to 3 nights, 4 to 6 nights, 7 nights & more), by purpose of visit (professional & business, visiting friends & family, leisure & vacation), by organization of stay (package and non-package).
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.
In 2023, the built-in hobs market is estimated to be worth US$ 4.2 billion, with projections indicating a value of US$ 8.7 billion by 2033. The market is expected to witness a Compound Annual Growth Rate (CAGR) of 7.6% from 2023 to 2033. The share of the built-in hobs market within its parent market, the built-in kitchen appliance market, is approximately ~27%-30%.
The global built-in hobs market is poised to experience the influence of related industries such as the hobs market and the residential hobs market. Through an analysis of these interconnected markets, Future Market Insights has uncovered valuable insights that can aid in the development of unique strategies to pursue growth opportunities and differentiate in the market.
In addition, the market’s sales of built-in hobs have increased due to the growing urbanisation and consumer demand for these appliances’ practicality, safety, and aesthetic appeal. The construction of opulent homes as well as the remodelling and repair of already-existing kitchens are driving up demand for high-end kitchen appliances.
Furthermore, innovations in technology, such as the introduction of smart kitchen equipment that can be managed remotely, are further accelerating the sales. As more people become concerned about their kitchen aesthetics, the demand for gadgets such as sanitary and oil/smoke-free cooking conditions has grown significantly, pushing the demand for built-in hobs in the market.
Key Takeaways from the Built-in Hobs Market Study
India is expected to be dominate the South Asia built-in hobs market on the back of growing adoption of smart kitchen and home appliances in the country.
In terms of product type, the electric hob segment will account for significant share in the global built-in hobs market.
By burner-type, 4 burner segment will gain traction over the forthcoming decade in the built-in hobs market.
Based on sales channel, exclusive stores are expected to be the leading sales channel for built-in hobs.
New entrants face moderate to high entry barriers to the market because of the high costs of research and development and the high initial costs of setting up shop. Innovations and player consolidations drive the industry as a whole. To obtain an advantage over their rivals and to expand their product range, manufacturers are focused on numerous facets of innovation.
Major players present in the built-in hobs market are
Robert Bosch GmbH
Häfele
Stove Kraft Limited
TTK Prestige Limited
Somany Home Innovation Limited (SHIL)
Franke-Faber
CATA Electrodomesticos India
Sunflame Enterprises Private limited
Electrolux AB
Others (on request)
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global built-in hobs market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the built-in hobs market based on the product type (electric hobs, ceramic, others), burner type (2 burners, 3 burners, 4 burners, others), sales channel (multi-brand stores, exclusive stores, online stores, independent stores and others) across seven major regions.
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.
In 2023, the MEA kitchen storage market is estimated to reach US$ 1,284.8 million. Sales are projected to grow at a robust 4.1% CAGR, with the market valuation reaching US$ 1,917.6 million by 2033. Total sales in the MEA kitchen storage market account for 3%-5% of the global kitchen storage market.
The global MEA kitchen storage market is poised to experience the influence of related industries such as the small kitchen appliances market and the commercial kitchen ventilation system market. Through an analysis of these interconnected markets, Future Market Insights has uncovered valuable insights that can aid in the development of unique strategies to pursue growth opportunities and differentiate in the market
By minimising clutter and congestion, kitchen storage organisation goods including cabinets, drawers, tableware & serving storage, and pantry organisers significantly help in the creation of more navigable space, enabling people to make better use of kitchen space.
Different-sized storage accessories are being marketed by manufacturers depending on the size of the residence. According to projections, the global market for kitchen storage would be worth over US$ 150 billion by 2027 and rise at a compound annual growth rate of more than 3% from 2019 to 2027.
Global Kitchen Storage Market- Competitive Landscape
The existence of a sizable number of market participants, which gives the global kitchen storage market its competitive aspect, distinguishes it.
Flywell International Corp, Masterclass Kitchens, Enclume Design Products, Kitchen Magic, Rev-A-Shelf, Inter IKEA Systems B., and ShefGenie Franchise Systems, LLC are a few notable participants in this market.
These players are focusing on joint ventures, acquisitions, and product introductions. For instance, Knape & Vogt expanded its kitchen storage organisation market by purchasing Diamond Storage LLC and CompX International’s furniture components operations in 2013.
In order to increase its sales of Now Kitchens’ product line, Masterclass Kitchens and the latter company partnered in January 2016. The company currently offers a wide range of goods, from contemporary kitchens to freestanding furniture.
The LifeProof Glass Water Bottle from Anchor Hocking LLC was unfilled with plastic the following year. This bottle stands out because it was made using a glass tempering method, which makes it significantly stronger than a typical glass bottle.
Metal Kitchen Storage Devices to Generate Latent Opportunities, Wooden Shelves Surge in Popularity
Over the course of the projected period, metal kitchen storage devices are becoming more and more popular due to their high corrosion resistance, increased durability, and longer lifespans. Customers are spending a lot of money on stainless steel cabinets because they dramatically reduce the likelihood of rusting when exposed to moisture or air and are made from high nickel and chromium alloys.
Steel is also resistant to high temperatures.
Additionally, steel-based kitchen storage items are non-permeable, which means nothing can flow through them and makes cleaning much simpler.
However, wood-based technology is gaining popularity due to its aesthetic value and ease of cleaning from accumulated dirt and dust. Because it is lightweight, organising it is also made simpler.
Sink & Under Sink Sales to Hold Major Sway across the Forecast Period
Stainless steel, cast iron, composites, and solid surfaces are becoming increasingly popular materials for kitchen sink and under-sink accessories. This is due to the fact that managing kitchen trash is becoming increasingly crucial. To keep a neat and clean home, kitchen trash must be disposed of properly.
Since consumers want to save money, multi-functional sinks are growing in popularity nowadays. For instance, sinks now come with guards, drain kits, strainers, and soap dispensers.
Additionally, sensor-equipped smart sinks are increasingly popular for controlling water usage. By 2027, the sinks and smart sinks market will be worth US$40 billion.
Residential Grade Kitchen Storage Devices to Enjoy the Lion’s Share, Commercial Grade Catching Up
Customers want more sophisticated dwelling designs and layouts as urbanisation intensifies. Due to the increased need for effective and sustainable kitchen management, there has been an increase in the price of kitchen storage accessories.
Manufacturers are increasing their chances of making money by selling environmentally friendly goods, like energy-efficient dishwashers, which help consumers save money.
By the end of 2027, the residential grade market will be worth close to US$ 150 billion. Simultaneously, the rising popularity of eating in cafeterias and restaurants is improving commercial-grade kitchen storage appliances, creating profitable prospects for market participants to build significant revenue ecosystems.
Sales of Premium-Grade Kitchen Storage Products Gaining Immense Momentum due to Surging Living Standards
People’s living standards have improved as a result of urbanisation since more of them are working in well-paying positions, which has increased their disposable income levels. As a result, their demand for luxury and high-end goods would inevitably rise.
As a result, they are spending more money on high-end kitchen storage accessories. Consumers are more focused on an improved level of living in the modern day. This suggests that they are prepared to spend a larger portion of their income to obtain goods of excellent quality.
In the case of kitchen storage accessories, consumers are more concerned about an organized kitchen for which they tend to invest in expensive kitchen storage products.
Global Kitchen Storage Market- Company Profile
4Space Interior Designs
Kitchen King UAE
Al Meera
Inter IKEA Holding
Goettling Interiors LLC
Joinery Dubai & Technical Services
Arfan Furniture
Siematic UAE
Kitchen Cabinets Dubai
Al Marri
Tiger Group
Al Marhaba Kitchen Cabinets & Fixtures Manufacturing L.L.C.
Middle East And Africa Kitchen Storage Market by Category
By Product Type:
Tall Cabinets
Sink Cabinets
Shelving Cabinets
Other Types
By End User:
Residential
Hotels & Restaurants
Cafes
Catering
Other Applications
By Price Range:
Premium
Economic/Low
By Sales Channel:
Direct
Indirect
Specialty Stores
Departmental Stores
Multi-Brand Stores
Exclusive Stores (Custom)
Online Retailers
Direct-To-Customer
Third Party Sales
By Country:
GCC Countries
Israel
North Africa
South Africa
Turkey
Rest of 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.
The global preparative chromatography market was valued at US$ 1,311.8 million in 2023 and is expected to reach US$ 2,139.4million by 2034. The market is set to expand at a CAGR of 4.5% over the forecast period. It is projected to attain a valuation of US$ 1,377.9 million by 2024.
The pharmaceutical and biotechnology industries’ growing need for and approval of monoclonal antibodies is fueling the market’s expansion. The market is also influenced by the growing necessity for sophisticated purification methods and the requirement for more productive & affordable procedures. Creating novel chromatography products and technological developments are anticipated to accelerate market expansion.
Future growth in the pharmaceutical and biotechnology sectors is anticipated to be substantial due to the increasing demand for and production of preparative chromatography. Materials for the production of the coronavirus vaccine were analyzed using preparative chromatography and the separation process.
The increasing need for omega-3 fatty acids & insulin, growing worries about food safety & quality, and an aging population are all contributing to the rise of the market. Furthermore, research in the market is anticipated to be driven by current paradigms that concentrate on analyzing and separating monoclonal antibodies employing moderate reverse-phase chromatography.
Key Takeaways from the Market Study:
The United States is expected to surge at a CAGR of 2.3% by 2034.
Germany is projected to rise at a 2.1% CAGR by 2034 based on country.
Based on the product, the detector segment is expected to rise at a CAGR of 8.1% by 2034.
By application, the pharmaceutical segment is projected to surge at 2.6% CAGR by 2034.
By 2024, the preparative chromatographymarket is set to reach US$ 1,377.9 million.
“Due to its great selectivity and scalability, preparative chromatography is essential for meeting the purity standards of components necessary for regulatory compliance. As the market for monoclonal antibodies and other biopharmaceuticals grows, preparative chromatography is becoming an increasingly important technology in the bioprocessing chain,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Leading manufacturers in the industry employ key strategies to enhance their market presence and product offerings through innovative products. A handful of instances indicating how market players expanded and achieved top positions through market expansion and the introduction of new and advanced products:
In June 2022, Bio-Rad Laboratories, Inc. launched CHT™ prepacked Foresight Pro Columns, specifically designed to help downstream chromatography applications.
In 2021, CEM launched the Prodigy preparative high-performance liquid chromatography (HPLC) system.
Preparative Chromatography Market Segmentation by Category:
By Product:
Systems
Semi-preparative HPLC Systems
Preparative HPLC Systems
Resins
Affinity Chromatography (AC)
Ion exchange Chromatography (IEX)
Size-exclusion Resins
Hydrophobic Interaction Resins
Mixed-mode/Multi-mode Resins
Other Resins
Detectors
UV/Vis Detectors
Diode-array Detectors
Refractive Index Detectors
Fluorescence Detectors
Mass Spectrometry Detectors
Evaporating Light Scattering Detectors
Electrochemical Detectors
Consumables
Columns
Prepacked Columns
Empty Columns
By Application:
Pharmaceuticals
Small Molecule
Peptides
Oligonucleotides
Monoclonal Antibodies
Others
Cosmetics
Food Ingredients
Molecular Biology and Diagnostics
Fine Chemical and Synthetic Chemistry
Environmental Chemistry
Forensic Sciences
Drugs of Abuse and Sports Drug Testing
Research Use
Other Application
By End User:
Pharmaceutical Companies
Biotechnology Companies
Contract Research Organizations
Cosmetic Manufacturers
Food and Beverage Industry
Chemical Industry
Diagnostic Laboratories
Reference Laboratories
National Anti-doping Organizations
Law-enforcement Agencies
Academic and Research Institutes
By Region:
North America
Latin America
East Asia
South Asia and Pacific
Western Europe
Eastern Europe
Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
The global temperature monitoring devices market is anticipated to witness significant growth in the coming years, according to the latest market analysis. With a projected Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, the market value is expected to surge from US$ 10.7 billion in 2024 to a staggering US$ 17.68 billion by 2034.
In 2023, the market was valued at US$ 9.50 billion, showcasing a Year-on-Year (Y-o-Y) growth of 2.5% in 2022. This growth trajectory is attributed to the increasing reliance on temperature monitoring devices across various industries.
Temperature monitoring devices play a critical role in preserving product integrity, ensuring patient safety, preventing spoilage, and supporting process efficiency. This growing need for temperature monitoring solutions is propelling market expansion globally.
Temperature monitoring devices play a crucial role in maintaining optimal temperature conditions across diverse industries. In healthcare, these devices are instrumental in enhancing patient safety and improving healthcare services. Furthermore, the adoption of wireless and digital temperature monitoring devices is on the rise, contributing significantly to the market’s expansion.
Key Drivers of Growth:
Rising Demand for Improved Healthcare Services: The global healthcare landscape is witnessing a surge in demand for better healthcare services, driving the need for advanced temperature monitoring devices. These devices are pivotal in ensuring the accuracy of healthcare processes and maintaining the well-being of patients.
Increasing Adoption of Wireless and Digital Technology: The market is experiencing a shift towards wireless and digital temperature monitoring devices, offering enhanced flexibility and real-time data monitoring capabilities. This shift is fueled by the need for more efficient and technologically advanced solutions.
Healthcare Professionals’ Reliance on Thermometers: With the growing dependence on accurate and reliable temperature assessments in healthcare, professionals are increasingly relying on temperature monitoring devices. This trend is expected to contribute significantly to the market’s growth.
FMI, a leader in Temperature Monitoring Device Market, is well-positioned to capitalize on this growth trend. As a [brief description of your company], we are committed to providing cutting-edge temperature monitoring solutions that align with the evolving needs of our clients.
“Our relentless focus on innovation and commitment to quality positions us as a key player in the dynamic temperature monitoring devices market. We are excited about the opportunities presented by this robust market growth and are dedicated to delivering solutions that exceed our clients’ expectations,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).
Pioneering Opportunities Unveiled for Temperature Monitoring Device Manufacturers in the Wake of Technological Advancements:
In a dynamic landscape marked by constant technological evolution, temperature monitoring device manufacturers find themselves at the forefront of innovation, driven by a surge in consumer demand for sophisticated and sensitive solutions. Recent strides in technical innovation have paved the way for groundbreaking products, presenting key opportunities for manufacturers in this space.
One notable advancement is exemplified by the Adtemp 429 thermometer introduced by the American Diagnostics Corporation in 2020. This state-of-the-art device revolutionizes temperature monitoring by eliminating the need for direct skin contact, thereby reducing the risk of cross-contamination. The Adtemp 429 stands as a testament to the industry’s commitment to delivering cutting-edge solutions that meet the ever-growing demands of consumers.
The escalating demand for quick and sensitive thermometers is expected to be a driving force behind the market’s growth. Consumers increasingly seek reliable devices that provide rapid and accurate temperature readings, and manufacturers are rising to the occasion by developing innovative products to address this demand.
One of the noteworthy trends in the market is the focus on wearable temperature monitoring devices. Manufacturers are placing a strategic emphasis on creating digital thermometers that can be worn on the body, offering continuous temperature monitoring capabilities. These wearable devices are seamlessly integrated with popular smart devices such as laptops, tablets, and mobile phones, providing users with real-time data and enhancing the overall user experience.
Competitive Landscape Dynamics:
The market for temperature monitoring devices is characterized by its diversity, with several players employing various strategies to gain a competitive edge. Mergers and acquisitions, partnerships and collaborations, as well as new product releases are key tactics utilized by companies to meet consumer demand and expand their customer base.
Recent Development:
In 2020, the Radius T0 Continuous Thermometer was introduced by Masimo for consumers. The wearable, wireless Radius T0 measures body temperature continuously, unlike spot-check and episodic thermometers, and seamlessly transmits data and customizable temperature notifications to the consumer’s smartphone.
In 2021, Fitgo introduced a new line of infrared thermometers with advanced technology to advance fitness and self-care among the global diaspora. The products are offered both online and offline in India and internationally. The infrared thermometer’s unique features include its ability to provide accurate temperature readings in less than a second and its adaptability for use in newborns, adults, elderly people, objects, and even rooms.
Key Market Segments Covered in Temperature Monitoring Devices Industry Research:
By Product Type:
Contact-based Temperature Monitoring Systems
Non-contact-based Temperature Monitoring System
By Application:
Oral Cavity
Rectum
Ear
Others
By End User:
Hospitals & Clinics
Ambulatory surgery centers
Home care settings
Others
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
