Market Research Blog – Page 3250 – New Product Development

Rising global interest in health and wellness is fueling demand for protein supplements, particularly convenient options like ready-to-drink beverages and protein bars

The prenatal vitamin supplements market is rapidly expanding due to heightened awareness of maternal nutrition during pregnancy. With formulations catering to expectant mothers’ needs, this market is set to reach $1.04 billion by 2032, growing at a 7.1% CAGR from $522 million in 2022.

Prenatal vitamin supplements are becoming more and more popular as the value of a mother’s diet during pregnancy becomes more well recognized. These supplements supply the vital vitamins and minerals required for both the mother’s health and the development of the fetus. Pregnant women now have a variety of options to choose from, thanks to advances in product formulation and increased demand. As more women prioritize the health and well-being of their unborn children, the sector is expected to grow.

Prenatal vitamin supplement sales are anticipated to rise from an estimated US$ 522 million in 2022 to a projected USD 1.04 billion by 2032, a 7.1% compound annual growth rate (CAGR) on a global scale.

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Demand for prenatal vitamin supplements is increasing as new crucial pregnancy cases are coming. A woman’s body goes through a lot of changes during the course of pregnancy. It is essential to take utmost care of your health to ensure that there are no complications during the delivery, fueling the demand for prenatal vitamin supplements.

Women have become conscious about the food they eat and the supplements they intake as it impacts the health of the fetus a well. Covid -19 further strengthens the need to maintain good health in order to avoid any negative outcomes. This impacted the sales of prenatal supplements in the market during the assessment year.

Manufacturers are developing different products like smoothies, energy bars that fulfill the nutritional requirements of pregnant women. The easy availability of products that provide essential nutrients like vitamins and proteins is expected to boost the demand for prenatal vitamin supplements in the market.

Key brands are collaborating with e-commerce sites like Amazon and Flipkart to offer their products across the globe at a click of the bottom. These products at then sold with different discounts schemes and delivered at consumers door steps, increasing the sales of prenatal vitamin supplements

As the number of women joining the workforce increases and they have less time at their disposal to take care of their health the demand for prenatal vitamin supplements that provide these nutrients to the body is expected to rise. North America contributes maximum share in the global revenue generation followed by Europe and Asia Pacific.

Key Takeaways from Market Study

The prenatal vitamin supplements market is expected to increase at CAGRs of 6.6% and 6.2% in North America and Latin America, respectively, through 2032.
Asia Pacific is expected to account for 18% of the market share during the assessment year.
Demand for prenatal vitamins supplements is expected to witness rise as women are well aware about the benefits of consuming such products, additionally they have easy access to different prenatal vitamin supplements brands that are manufactured in regional markets.
Increase in disposable income and willingness to spend on healthcare products is expected to drive the European prenatal vitamin supplement market, enhancing the natal care experience for the end users.
The European prenatal vitamin supplements market is expected to reach USD 338 Mn by 2032.
Growing customer preference for healthy and wholesome diets is driving sales of prenatal vitamin supplements across global markets.“Rise in awareness of benefits of consuming nutrient rich diet during pregnancy is expected to propel the demand for prenatal supplements in the market globally. Many organizations are changing their policies to offer parental care benefits and monetary benefits along with maternity leaves is expected to impact revenue generation of prenatal vitamin supplements market globally.” says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of prenatal vitamins are focusing on research & development to offer different effective formulations. Key players are collaborating and developing new product lines to penetrate untapped markets and expand their sales channel.

Mommy’s Bliss, is a leading health company for babies is expanding into the prenatal market with a revolutionary range of prenatal and postnatal multivitamins and supplements designed specifically for parenthood journey. The brand, empowers new mothers to handle the specific requirements and problems that come with pregnancy and postpartum care.
Ritual, an online health firm that formulates clean multivitamins for women expanded its product line by including a prenatal vitamin containing 12 essential nutrients.
Abbott has introduced its new series of prenatal vitamin supplements under its infant & new mother care product lists that involves products like SIMILAC PROBIOTIC that helps in creating a healthy gut microbiome, Increasing the sales of prenatal vitamin supplements.
Rainbow light has introduced its prenatal one multi that comes with food -based multivitamin that provides complete nutrition for mom and baby, that is easy to digest with probiotics & enzymes, increasing the prenatal vitamin supplements market size.

Explore More Valuable Insights

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

The study offers compelling insights based on Prenatal Vitamin Supplements Market By Form (Powdered, Liquid, Gummies, Capsules), By Sales Channel (Offline Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel), Online Sales Channel (Company Website, E-commerce Platform), By Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA)

The analysts at FMI followed a multidisciplinary approach during the pandemic to study the growth and development of the Stearic Acid Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2022 along with the key takeaways over the forecast period 2022 to 2032.

The team of researchers at Future Business Insights are focusing on research and market study to produce different Stearic Acid Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Stearic Acid Market.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

BASF SE
AkzoNobel N.V.
Kao Corporation
VVF LLC

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Global Dry Skin Cream, Lotion, and Ointment Market are poised for substantial growth a value of US$ 86.1 Billion by 2034

The global dry skin cream, lotion, and ointment market is on the cusp of substantial expansion, poised to witness a remarkable Compound Annual Growth Rate (CAGR) of 8.6% during the forecasted period, according to recent market analysis. Projections indicate that the segment’s value is expected to surge from US$ 40.4 billion in 2024 to a staggering US$ 86.1 billion by 2034, signifying a significant uptick in consumer demand and market potential.

In 2023, the dry skin cream, lotion, and ointments market were valued at US$ 37.8 billion, demonstrating an upward trajectory that sets the stage for continued growth over the forecasted period. This substantial increase in market value not only highlights the expansion of the consumer base but also reflects the growing awareness and preference for skincare products designed to address dry skin concerns.

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FMI, a leading innovator in skincare solutions, is well-positioned to capitalize on this burgeoning market opportunity. With a commitment to delivering high-quality products formulated to meet the diverse needs of consumers worldwide, FMI is dedicated to providing effective solutions for dry skin care.

“We are thrilled to witness the rapid growth projected for the global dry skin care market,” said FMI. “As pioneers in the skincare industry, we remain steadfast in our mission to develop innovative products that prioritize both efficacy and consumer satisfaction. This upward trend not only reaffirms the importance of addressing dry skin concerns but also underscores the immense potential for continued innovation and expansion within the market.”

With a focus on research and development, FMI continues to introduce cutting-edge formulations that cater to the evolving needs of consumers, offering solutions that deliver tangible results and enhance overall skin health.

Key Drivers in the Dry Skin Cream, Lotion, and Ointment Market: A Perfect Blend of Beauty and Science:

The dry skin care market is thriving, fueled by a potent mix of rising awareness, natural ingredient preferences, and evolving beauty ideals. Consumers are increasingly recognizing the importance of hydrated skin and balanced pH levels, both critical for shielding against environmental and internal damage. This understanding has ignited a demand for products that go beyond mere moisturization, offering protection and nourishment.

Natural ingredients like glycerine, shea butter, jojoba oil, honey, and even petroleum jelly are taking center stage. Consumers are drawn to organic and natural formulations, perceiving them as gentler and more effective. This trend is pushing key players to invest heavily in research and development, seeking to enhance the shelf life and efficacy of their dry skin solutions without compromising on their natural appeal.

The influence of Western beauty ideals, particularly those propagated through cinema, is also playing a significant role in expanding the market, especially in developing countries. Consumers are increasingly embracing the smooth, radiant skin often portrayed in Western media, driving demand for products that promise similar results.

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Competitive Landscape:

The dry skin cream, lotion, and ointment market exhibit fragmentation due to the multitude of competitors engaged in production. These businesses employ strategies such as launching new products, making acquisitions, and navigating regulatory approvals to satisfy consumer needs and expand their customer reach. Among them, an influx of small-sized brands has emerged, targeting niche audiences. These smaller enterprises predominantly highlight organic offerings over synthetic alternatives to address specific consumer preferences.

In December 2022, L’Oréal signed an agreement to acquire Youth to the People LLC., a skincare company based in the United States, focused on natural composition for all skin types, including dry skin.
On May 26, 2020, Sanofi Consumer Health achieved FDA approval for Dupixent, a biologic medicine for children suffering from moderate to severe atopic dermatitis and between the age group of 6 and 11 years. A safety profile was also established for the adult patients suffering from atopic dermatitis.

Key Companies in this Market:

Johnson & Johnson Services Inc.(Aveeno, Neutrogena)
Beiersdorf (Nivea, Eucerin)
L’Oréal Group (Garnier LLC, La Roche- Posay, SkinCeuticals, The Body Shop, CeraVe)
Unilever (Dove, Vaseline)
Estee Lauder Companies Inc.( Aveda Corp, Clinique Laboratories LLC., Deciem Beauty Group)
Walgreens Boot Alliance
Sanofi Consumer Healthcare (Gold bond)
Shiseido Co. Ltd.
ResiCal Inc.
Piramal Enterprises Limited (Lacto Calamine)
Advantice Health, LLC.
Arganshe Private Limited
Foundation Consumer Healthcare, LLC.
Luxury Good Company (Sephora)
Emami Group (Boroplus)
Re’equil
Paul Penders
L’Occtane
Revlon Consumer Products Corporation
Harry’s Inc.
Himalaya Global Handlings

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Key Market Segments Covered in Dry Skin Cream, Lotion and Ointments Industry Research:

By Product:

Creams
Lotions
Ointments

By Composition:

Herbal
Synthetic

By Indication:

Dehydrated Skin
Sensitive Skin
Eczema
Psoriasis
Ichthyosis
Rosacea
Others

By Distribution Channel:

Hospital and Retail Pharmacies
Drug Stores
Supermarkets/Hypermarkets
E-commerce

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Health-Conscious Consumers Drive Demand for Green Fertilizers: Market to Reach US$ 3.3 Billion by 2033

As per the reports published by FMI, the global green fertilizer market is projected to have an average-paced CAGR of 4.5% during the forecast period. The current valuation of the market is US$ 2,145.73 Million in 2023. The market value of the green fertilizer market is anticipated to surpass a market valuation of US$ 3,332.26 Million by 2033. A historical market valuation of US$ 2,053.33 Million has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

FMI has analyzed that the urban population is becoming more concerned about their health they are increasingly focusing on the consumption of food that is free and devoid of chemical or synthetic substances. This is identified as a key element impelling the farmers to tilt towards the adoption of green fertilizers.

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There are several advances made in the technological field to manufacture green fertilizers by utilization of genome and biotechnological tools. Furthermore, stringent regulations imposed by the government to reduce carbon footprints and sustainable techniques for the production of healthy crops are identified to segment the growth of the market through the forecast period.

However, a high cost associated with the production of green fertilizers, coupled with the high availability of synthetic fertilizers at cheaper prices is anticipated to hinder the pace of advancement through 2033.

Key Takeaways from the Green Fertilizers Market

The green fertilizers market has witnessed an approximate surge of US$ 92.4 Million from the base year to the current.
The alkaline water electrolysis segment is projected to advance at a moderate pace, recording a CAGR of 6.5% through 2033. This segment is likely to surpass a valuation of US$ 121.36 Million by 2033.
The nitrate-based fertilizer segment registered a CAGR of 5.3% in 2023 and is currently holding a market value of US$ 64.09 Billion.
The North American Region is expected to hold dominant shares through the forecast period and is advancing at a CAGR of 6.3% in 2023.

“Increasing demand from farmers for fertilizers that have relatively long shelf-life, and easy transportation is likely to create lucrative growth opportunities for the green fertilizer manufacturers.” – Says an FMI Analyst.

Competitive Landscape in the Green Fertilizers Market

The key market players operating in the green fertilizers market are embarking upon new product launches that include plant-based green fertilizers. Due to the existence of numerous international and regional companies, the market for green fertilizers.

To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world.

Recent Developments

In March 2021, CoverCress (U.S) raised a considerable sum of US$ 8.0 million from Bungee, which is a giant unit of agribusiness. The investment made is likely to help the company in scaling up the development of crops of pennycress. This is used as a cover crop after the corn harvest.
In January 2021, ThyssenKrupp AG secured an engineering contract for the installation of an 88-megawatt (MW) water electrolysis plant for the Canadian energy company, Hydro-Quebec. It is identified that the water electrolysis plant is likely to produce 11,100 metric tons of green hydrogen annually.

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Green Fertilizers Market: Top Players

Yara International ASA
Siemens Energy
Origin Energy Limited
Iberdrola, S.A.
HY2GEN AG
Hive Energy
Haldor Topsor A/S
H2U Technologies, Inc.
Fusion-Fuel
Fertiglobe
Eneus Energy Limited
Enaex Energy
Dyno Nobel

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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A Brighter Future: The Expanding Coal Briquettes Industry at US$ 3,626.9 Million by 2033

According to forecasts, the coal briquettes industry is expected to be US$ 2,357.9 million in 2023 and US$ 3,626.9 million by 2033.

The coal briquettes industry with high energy is expanding owing to the expanding steel and cement sectors. Briquettes play a significant role in various sectors. Production and trading of coal briquettes also aid in the growth of the national economy by generating money for creating jobs in rural areas and raising taxes for the government.

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The market is expected to develop due to rising concerns about massive carbon emissions and changing trends toward adopting sustainable energy sources. The production of charcoal briquettes from agricultural and forestry waste poses no environmental danger. It is, therefore, the ideal substitute for traditional fuel sources that are predicted to increase industry size.

The need for more facilities for making charcoal briquettes and the need for specialized equipment are expected to impede the Industry’s expansion. Also, customers’ need for more knowledge constrains the market’s potential.

Key Takeaways

By 2033, the coal briquettes market in the United Kingdom is likely to expand, with a CAGR of 3.2%.
In 2023, the United States is expected to develop the coal briquettes business with a share of 20.1%.
The coal briquettes market grew considerably to US$ 2,273.8 million in 2022.
The coal briquettes sector expanded at a CAGR of 3.7% from 2018 to 2022.
By 2033, China’s coal briquettes market is projected to develop with a CAGR of 3.9%.
By 2033, India’s coal briquettes industry is projected to expand with a CAGR of 4.7%.
Japan’s coal briquettes industry is likely to grow significantly, with a 4.9% share in 2023.
Australia’s coal briquettes are expected to develop with a share of 3.8% in 2023.
Germany’s coal briquettes business is expected to grow, with a share of 5.3%% in 2023.
In 2023, based on the application, the industrial segment is expected to dominate the market, with a share of 65.3%.
In 2023, a wood charcoal segment is expected to dominate the market, with a share of 25.4%, based on composition.

Competitors Winning Strategies

Significant market participants in the global coal briquettes business are implementing various tactics, including product launches, alliances, and acquisitions, which increase industry interaction and opportunities during the forecast period.

Recent Development:

The Bhilai Steel facility owned by The Steel Authority of India Ltd. underwent significant government modernization in June 2018. Following the improvements, the combined annual capacity for manufacturing steel at the integrated factories increased to 21 million tonnes.
New OUTSIDE firelogs from DURAFLAME Inc. are manufactured entirely from recycled and renewable wood, agricultural fibers, and bio-derived waxes. Using these firelogs, campers cook marshmallows, hot dogs, and other tasty treats over a crackling bonfire that produces less smoke.
The Eta Zuma West Africa Group opened a facility in January 2018 to manufacture and market coal briquettes as a substitute fuel for residential usage. The facility in Nigeria’s Kogi state has a monthly production capacity of 2,000 tonnes of coal briquettes.

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Key Players

ITO Global Trading Company
Snesmi Techno Pvt. Ltd
Sun Company
Coal Hut
Milazzo Industries
Milward Alloys Inc.
Halogen Supply Co. Inc.
Bepex International LLC
Dauber Co.

Key Segments

By Appearance Type:

Pillow Shaped
Hexagonal Shaped
Round Shaped
Square Shaped

By Composition Type:

Wood Charcoal
Coal Dust Briquettes
Peat & Paper
Saw Dust
Wood Chips

By Application:

Industrial Applications
Food Preparation

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Demand for Digital Health Technology Surging with Evolving Lifestyle: Global Digital Health Market Value to Cross US$ 16,603.7 million by 2034

The global digital health market value in 2024 is estimated to be around US$ 8,131.3 million. The adoption of digital health solutions like telehealth is poised to increase at a rate of 7.4% over the next ten years. By the end of this forecast period in 2034, the net worth of the global digital health industry is anticipated to reach up to US$ 16,603.7 million.

The need for digital healthcare solutions has increased with the advent of telemedicine, which enables remote monitoring and consultations. Rising emphasis on ongoing patient monitoring with technologies for real-time monitoring of patients’ vital signs, chronic illnesses, and recuperation status is expected to strengthen the overall market.

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Wearable integration has also enabled constant monitoring of potential patients which is also supporting wellness programs and preventative care businesses. Using data analytics to create individualized treatment programs is an advanced form of digital health that is expected to boost market expansion in the coming days.

Key Takeaways from the Digital Health Market Study Report:

The overall market is predicted to witness an absolute growth opportunity of US$ 8,500 million over the next ten years.
The United States is currently the leading market for the adoption of digital health technologies and is likely to advance at 6.8% per year from 2024 to 2034.
Demand for digital health services in Germany is predicted to grow at a rate of 6.6% per year through the projected years.
India is poised to witness the most lucrative CAGR of 22.5% in the adoption of digital healthcare facilities during the projected years.
Thailand is also emerging as a lucrative market for digital health services and is forecasted to be at a rate of 16.4% per year between 2024 and 2034.

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Competitive Landscape for the Digital Health Market Participants:

The overall market is witnessing a steep increase in completion these days due to the adoption of digital health services by the continuous entry of established industries in the healthcare sector. However, dedicated digital health service providers hold on to their market position by providing customized medical treatments and maximizing treatment outcomes by taking into account personal patient information.

“A steep rise in smartphone usage has increased the popularity of mobile health applications in both developed and developing countries. Digital healthcare solutions are also helping such patients with features for lifestyle management, medication adherence tools, and remote monitoring.” – says a lead analyst at FMI

Recent Developments by the Digital Health Industry Players:

In June 2023, the pharmaceutical giant Bayer introduced a precision health unit to increase its investment in consumer-facing digital health products. According to a press statement, the company aims to give top priority to creating digital solutions that help consumers make better decisions about their own health by utilizing unique delivery methods and personal data.

In August 2023, Lupin Digital Health announced the opening of the first-ever digital heart failure clinic launched by Lupin Digital Health. Lupin Digital is a division of Lupin Pharmaceuticals that focuses on cardiac digital therapies and inaugurated its Lyfe Digital Heart Failure Clinic in India. The goal of these e-clinics is to assist cardiologists and caregivers in efficiently managing patients with heart failure from the convenience of their own homes.

Key Players Profiled in the Digital Health Market Report:

AT&T Inc.
Apple Inc.
AirStrip Technologies LP
Alcatel-Lucent Corporation
Cerner Corporation
Symantec Corporation
Aruba Networks, Inc.
Cisco Systems, Inc.
Qualcomm, Inc.
Siemens Healthcare
Philips Healthcare

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Key Segments Covered by Digital Health Industry Survey Report:

By Solution Type:

Software
- Healthcare Payers Software
  - Healthcare Claims Management Software
  - Healthcare CRM Software
  - Payer Care Management Software
  - Other Healthcare Paying Software
Healthcare Providers Software
- EHR or EMR Software
- E-Prescribing Software
- Healthcare Asset Management Software
- Population Health Management Software
- Other Healthcare Providing Software
Services
- Managed Services
- Professional Services
  - Healthcare Consulting Services
  - Integration & Implementation Services
  - Support & Maintenance Services
  - Other Professional Services

By Deployment:

Cloud-based
On-Premises

By End User Verticals:

Diagnostics Centers
Healthcare Payers
Healthcare Research Centers
Hospitals & Clinics
Nursing Care Centers
Other End User Verticals

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia and Pacific Market
Middle East and Africa (MEA) Market

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Nandini Singh Sawlani

Plastic Calendering Resins Market Set for Explosive Growth: US$ 42 Billion by 2033, Driven by Durability & Sustainability

The global plastic calendering resins market is anticipated to hold a market value of US$ 23.6 Billion in 2023 and US$ 42.26 Billion by 2033. The projected growth rate is nearly 6% during the forecast period from 2023 to 2033.

Rising awareness regarding various characteristics of plastic calendering resins such as durability, flexibility, toughness, and abrasion resistance is expected to boost the demand for various types of plastic calendering resins.

The PET resin segment is expected to expand at the fastest CAGR of 3.8% over the forecast period owing to its unique properties such as recyclability, lightweight, water resistance, and shatterproof. Therefore, it is widely used in the packaging of food & beverages

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The COVID-19 pandemic impacted the market for plastic calendering resins as production activities were halted worldwide. On a global scale, the outbreak disrupted the whole supply chain. But since calendered plastic was in huge demand during the pandemic owing to increased demand from healthcare and packaging, it led to a positive impact on the industry.

The recent Russia-Ukraine war has led to a rise in crude oil prices, which has affected the plastic resins industry globally. However, owing to the rising demand for plastic calendered products, the market is set to grow over the forecast period.

Asia Pacific is anticipated to expand at the highest CAGR over the forecast period. The market growth in this region is primarily attributed to the rising young population and increasing disposable income, especially in India and China. The increasing working population in these countries coupled with a fast life has given rise to packaged food and beverages, further propelling the demand for plastic packaging.

Key Takeaways from the Market Study

The food & beverages segment accounted for the largest share of over 30.0% in 2022.
The healthcare segment is expected to expand at a CAGR of 4.3% over the forecast period.
The PVC resins segment accounted for the largest share of over 55.0% in 2022.
The healthcare end-use segment is expected to expand at a CAGR of 4.3% over the forecast period.
Asia Pacific accounted for the largest revenue share of over 30.0% in 2022

“The ongoing R&D and technological developments in the field of plastic calendering resins and the widespread adoption of and need for calendered resins across various sectors are expected to drive the market in the coming future,” says an analyst at Future Market Insights.

Key Market Players

Major players are channelling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market.

Key players in the Plastic Calendering Resins market are Formosa Plastics Corporation; Westlake Corporation; Occidental Petroleum Corporation; Eastman Chemical Company; Avery Dennison Corporation; Covestro AG; China Petrochemical Corporation; Shin-Etsu Chemical Co., Ltd.; Reliance Industries Limited; SK Chemicals; LG Chem; LOTTE Chemical Corporation; SABIC; and Indorama Ventures Public Company Limited; and Orbia.

Some of the recent key developments among key players are:

In December 2021, SABIC launched a new chemically upcycled polybutylene terephthalate (PBT) resin produced from ocean-bound polyethylene terephthalate (PET) bottle waste to reduce ocean pollution. The new calendering resin is named LNP ELCRIN IQ.
In October 2020, LyondellBasell and Sasol announced that they entered a definitive agreement to form a 50/50 joint venture, through which LyondellBasell is likely to acquire 50% of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear low-density polyethylene plants, and associated infrastructure for a total consideration of USD 2 billion. The venture is expected to operate under the name Louisiana Integrated PolyEthylene JV LLC.
In September 2020, INEOS Olefins & Polymers announced its partnership with Saica Natur in a supply agreement for recycled LDPE and LLDPE. The long-term agreement may help INEOS serve the growing demand for increased recycled products in sustainable, virgin quality flexible packaging.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Plastic Calendering Resins market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights by Type (PVC, PET, PP, PETG), By End-use (Food & Beverages, Healthcare & Medical, Automotive), & Region.

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

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Fabric Softener Market: Providers Can Expect a Healthy CAGR of 5.20% Through 2034

In 2024, the global fabric softener market share is estimated to gain a revenue of US$ 23,386.40 million. Our consumer products domain experts opine that fabric softener providers can expect a healthy CAGR of 5.20% through 2034, with a forecast valuation of US$ 38,725.30 million by 2034.

The increasing popularity of eco-friendly fabric softeners is driven by growing awareness of environmental issues caused by petroleum-based products.
Consumers are motivated to choose eco-friendly options, leading to manufacturers developing more sustainable fabric softeners.
The surge in online shopping has significantly boosted the sales and reach of fabric softeners globally.
eCommerce channels offer high convenience, making it easier for consumers to purchase fabric softeners online.
The combination of environmental consciousness and the convenience of online shopping is reshaping the fabric softener market landscape.

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The market players of the fabric softener market are indulged in the introduction of innovative packaging style to attract large number of consumers leading to a hike in demand for fabric softeners in the market.

Increasing penetration of washing machines and rise in demand for multifunctional products is driving the Fabric softener

The fabric softener market is governed by factors such as rising penetration of washing machines, innovation in packaging, the rising purchasing power of the consumer, developing FMCG industry etc.

The rise in demand for multifunctional products which solve multiple purposes aids to rapid growth in demand for fabric softeners in the market. The versatile nature of fabric softener enables it to perform different operations at the same time such as prevention from damage to the color of the fabric, fast drying of clothes, anti-static behavior etc. contributes to the swift growth in demand for fabric softeners in the market.

Over the past few years, the demand for environmentally friendly fabric softeners have become popular at a rapid rate owing to rise in awareness, coupled with an increase in environmental issues arising from petroleum-based products, encouraging the consumers to opt for eco-friendly fabric softeners which has led the supply side participants of the fabric softener market to develop eco-friendly fabric softeners.

Over the years, consumer behavior has changed drastically and the consumers are more inclined towards searching about products over online platforms as well as purchasing products, such as fabric softeners and laundry care products, through e-commerce which has boosted the demand for fabric softeners in the market.

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Fabric Softener Market: Market Participants

The key market participants identified across the value chain of the Fabric Softener market are Procter & Gamble, The Clorox Company, S. C. Johnson & Son., Reckitt Benckiser Group plc, Godrej Consumer Products Limited, Henkel AG & Co. KGaA, , The Unilever Group, Norfil Inc., Colgate-Palmolive Company and, Church & Dwight Co. are among others.

Opportunities for Fabric Softener Market participants

Globally, the fabric softener market is rising at a swift rate owing to various reasons such as rising m-commerce, expanding digital marketing, rising concerns among the consumers regarding health and hygiene etc.

The rising availability and penetration of washing machines coupled with an increase in purchasing power of consumers has been a major contributing factor for the growth in demand for fabric softener in the market.

Increasing adoption of e-commerce for selling consumer products in the global fabric softener market has led to a surge in the growth of B2C businesses in the FMCG sector. Sensing lucrative growth opportunities in the fabric softener market new markets entrants are expected to enter this competitive landscape.

The Fabric Softener market on the basis of region has been segmented as

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
The Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, nature, product type, end-use & sales channel

The study is a source of reliable data on

Fabric Softener Market segments and sub-segments
Fabric Softener Market trends and dynamics
Supply and demand
Fabric Softener Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

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The regional analysis covers

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Fabric Softener Market: Market Segmentation

On the basis of Nature

Organic
Conventional

On the basis of Product Type

Liquid
Sheets
Sprays
Tablets
Dryer Bars

On the basis of End Use

Laundry Services
Textile Industry
Household
Hospitality Industry
Others

On the basis of Sales Channel

Independent Retailers
Hypermarkets
Multi Brand Stores
Supermarkets
Specialty Retail Stores
Online Sales
Company Website
3rd Party Online Sales

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

Global Wound Evacuators Market is poised for growth, with estimates suggesting it will reach US$ 593.6 million by 2032

The latest market analysis indicates a promising trajectory for the global wound evacuators market, showcasing robust growth prospects in the coming decade. Valued at US$ 383.3 Million in 2022, the market is expected to expand significantly, reaching an estimated valuation of US$ 593.6 Million by the conclusion of 2032. This growth trajectory reflects a notable Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period.

Wound evacuators, critical medical devices in the management of acute and chronic wounds, are poised to play an increasingly pivotal role in healthcare. These devices facilitate healing by efficiently extracting body fluids from patients, thereby contributing significantly to patient care and treatment outcomes. The rising adoption of wound evacuators underscores their efficacy in addressing a wide range of wound types, further highlighting their importance in modern medical practices.

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The anticipated growth in the wound evacuators market not only signifies technological advancements but also reflects the growing emphasis on improving patient care and enhancing treatment efficacy. With healthcare providers increasingly recognizing the benefits of these devices, the market is expected to witness sustained expansion in the coming years.

As healthcare continues to evolve, the demand for innovative solutions for wound management is set to rise. The projected growth of the wound evacuators market underscores the industry’s commitment to meeting these evolving needs, ultimately driving improved patient outcomes and enhancing the quality of care worldwide.

Key Takeaways:

The global wound evacuators market is expected to grow at a steady CAGR of 4.1% during the forecast period, driven by the rising incidence of acute and chronic wounds, increasing spending on wound care, and growing awareness of the benefits of wound evacuators.
The wound evacuators market is segmented by product type, wound type, end user, and region.
The portable wound evacuators segment is expected to account for the largest share of the market during the forecast period.
The acute wounds segment is expected to account for the largest share of the market during the forecast period.
The hospitals and clinics segment is expected to account for the largest share of the market during the forecast period.
North America is expected to account for the largest share of the market during the forecast period.

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The key factors driving the growth of the wound evacuators market are:

The rising incidence of acute and chronic wounds, such as diabetic foot ulcers, post-surgical ulcers, venous ulcers, and pressure ulcers.
The increasing spending on wound care.
The growing awareness of the benefits of wound evacuators, such as their ability to prevent infection, promote wound healing, and reduce the risk of complications.

Key Companies Profiled:

Zimmer
Medline Industries, Inc.
C. R. Bard, Inc.
Redax
Aspen Surgical (sub. Hill-Rom Company)
Argon Medical Devices, Inc.
Plasti-med Medikal Ürünler San. Tic. Ltd.

Key Segments Covered in the Wound Evacuators Industry Survey:

By Product Type:

Open Systems
Closed Systems

By Wound Type:

Chronic Wounds
Pressure Ulcers
Diabetes Foot Ulcers
Venous Ulcers
Acute Wounds
Others

By End User:

Hospitals
Clinics
Others

By Region:

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

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About Future Market Insights (FMI)

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Nandini Singh Sawlani

Luxury Products for Kids Market: Likely to Reach US$ 73,155.9 Million by 2034

The luxury products for kids market size is projected to be worth US$ 41,669.7 million in 2024 and is likely to reach US$ 73,155.9 million by 2034. During the forecast period 2024 to 2034, the market is further expected to surge at a CAGR of 5.8%.

Key Market Trends and Highlights

The tradition of giving luxury gifts to children during special occasions such as birthdays and holidays is experiencing growth, contributing to market expansion.
E-commerce growth has significantly facilitated consumer access to luxury products for kids online, thereby extending the market’s reach.
Increased convenience and accessibility through online platforms have led to a surge in demand for luxury children’s products, driving market growth.
The combination of traditional gifting practices and the convenience of online shopping is fueling the upward trajectory of the luxury products for kids market.
As consumer preferences evolve and digital platforms continue to innovate, the market is expected to further thrive in the coming years.

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Luxury product market highly depends upon the factors such as attractive marketing, promotion techniques and proper distribution channel.

Luxury products market for kids can be broadly segmented on the basis of product type, distribution channel and geographies. On the basis of product types it can be sub segmented into accessories, apparels and footwear.

Among all these sub segments apparel market is expected to account for highest market share followed by footwear sub segment. The growth of apparel segment is fuelled by the frequently changing fashion and continuous need for new clothing for growing children. In 2014, U.S. and European market account for the most dominating market for apparel.

The market for luxury baby product also depends upon the mode of distribution channel used for offering products to the consumers. The mode of Distribution channel is segmented into retail outlets, sell out through internet, company’s brand outlet and others.

Among all these distribution channel online retailing is expected to be most preferred mode for distribution in the forecasted period. This ishis is due to consumer convenience preferences and availability of the products at lower price. Furthermore, the second most preferred mode is expected to be the company’s brand retail outlets as they provide better offerings at less price.

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Furthermore, the luxury products market for kids in Asia pacific is expected to account for fastest CAGR in the forecasted period as compared to other regions. This is because the growth in luxury expenditure is expected to increase by 40% by 2020.

In addition, countries such as Malaysia, Thailand and Singapore and are expected to contribute a significant share to overall Asia Pacific luxury products market for kids. Whereas, spending from China is expected to witness a fastest growth in Asia Pacific.

It is predicted to boost the customer base and prominent contributor in the revenue of global luxury products market for kids. Moreover, presently North America and Western Europe dominate the total luxury products market for kids due to high purchasing power of consumers. These regions are expected to witness a slow growth as compared to the growth exhibited by countries in Asia Pacific.

The key factors driving the growth of luxury products market for kids includes continuous innovation in products sub segments, rising disposable income, changing consumer lifestyle, awareness of products through internet and social media, improving countries economy, influence of the consumers through their peers, friends or neighbor’s, and others .

However, there are some restraining factors which are affecting the growth for luxury products market for kids which include the expensive price range for consumers in emerging markets and less product variants availability across the distribution channel. Moreover, internet being a prominent medium for distribution of the luxury goods is expected to witness low adoption among the consumers in emerging markets. This is due to less internet penetration in these markets.

Initially the market for luxury baby products was dominated by specialty retailers such as Children’s Place The Walt Disney Company, Mother care plc, The Gymboree Corporation and others. However, with the increase in premium consumers leading to a shift in consumer buying behavior, due to this various companies have entered the market which includes GAP Inc, J Crew Group, Inc, DKNY, Gucci Group, Diesel, Dolce &Gabbana, United Colors of Benetton, Jack & Jill clothing Inc, Giorgio Armani S.p.A, BLOCH, Burberry Group plc, Converse, Christian Dior S.A, FENDI and others.

This research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, geographies and types.

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Segmentation Analysis of the Luxury Products for Kids Market

By Product Type:

Kids Footwear
Kids Apparels
Kids Accessories

By Sales Channel:

Supermarket/Hypermarket
Company’s Brand Outlet
Online Store
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also the maps qualitative impact of various market factors on market segments and geographies.

Author

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Rising global interest in health and wellness is fueling demand for protein supplements, particularly convenient options like ready-to-drink beverages and protein bars

The forecast period is expected to see a CAGR of 8.53% on average for the global protein supplements market. In 2023, the market is expected to have a value of US$27.78 billion. It is anticipated that the market for protein supplements would reach a valuation of about US$ 62.99 billion by 2033.

The experts at Future Market Insights have calculated a historical market valuation of US$ 25.6 billion for the relevant market for the base year.

According to data from FMI, individuals are often drawn to nutrient-dense cuisine worldwide. Sales of protein supplements are anticipated to increase in 2033 due to the anticipated increase in demand for meals that can be eaten on the go. Health awareness programs inform city dwellers of the value of eating a well-balanced diet in order to maintain good health.

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Additionally, young athletes are using a lot of protein supplements since they help with immunity, blood pressure regulation, muscle growth, and strength enhancement. The world’s working population depends heavily on protein supplements because of their hectic schedules and evolving lifestyles. But through 2033, it’s expected that the increased expenses associated with the production of protein supplements would hinder the market’s expansion.

Key Takeaways from the Protein Supplements Market

The protein supplements market has witnessed an approximate surge of US$ 2.18 Bn from the year 2022 to 2023.
The protein powder segment by form category is anticipated to hold dominant shares through 2033. In the base year, this segment accounted for a revenue share of 56%.
The ready-to-drink segment is progressing at a notable rate, registering a CAGR of 8.5% during the period of 2023-2033.
North America has emerged as the leading region with the U.S. holding dominant market shares. The country is expected to surpass a valuation of US$ 2.47 Bn by 2033.

“Demand for energy bars and RTD protein drinks from the health-conscious population is likely to curate lucrative growth opportunities for the key players in the protein supplements market.” – Says an FMI Analyst.

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Competitive Landscape in the Protein Supplements Market

Due to the existence of numerous international and regional companies, the market for protein supplements is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.

Recent Developments

In December 2020, Cargill introduced a pea-based protein and added it to their existing product range for meeting the increasing need for protein supplements in the European region.
In November 2020, Verdient Foods acquired Ingredion. The purpose of this acquisition was to increase the net sales of the firm with the set-up of a manufacturing plant in Canada.
In March 2019, Quest Nutrition entered into distribution deals with BJ’s Wholesale and Sam’s Club for providing products across conventional grocery stores, specialty supplement stores, and convenience stores.
In April 2018, Abbott launched Ensure Max protein for targeting consumers above the age group of 50 years. The product aims towards providing all the protein for maintenance and rebuilding muscles with the right nutrition.

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Key Segments in the Protein Supplements Market

By Source:

Plant based
- Soy
- Spirulina
- Pumpkin Seed
- Hemp
- Rice
- Pea
- Others
Animal based
- Whey
- Casein
- Egg
- Fish
- Others

By Application:

Sports
Functional Food

By Distribution Channel:

Supermarkets & Hypermarkets

Online Stores
Direct to Customers
Others

By Form:

Ready to Drink
Protein Powder
Protein Bar
Others

By Gender:

Male
Female

By Age Group:

Millennials
Geneartion X
Baby Boomers

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube