Market Research Blog – Page 3265 – New Product Development

Global Peripheral Vascular Devices Industry is expected to reach a remarkable valuation of US$ 8.9 Billion by 2032, supported by a steady CAGR of 6.6% | states FMI

The Global Peripheral Vascular Devices Industry is expected to reach a significant valuation of US$ 8.9 billion by 2032, indicating that it is about to undergo a significant transition. These encouraging estimates are supported by a strong Compound Annual Growth Rate (CAGR) of 6.6%, which was shown in an extensive analysis carried out by Future Market Insights (FMI), a preeminent market research organization.

Peripheral vascular stents were a shining example of success in the dynamic year 2021, with a remarkable 78.5% worldwide market share. The remarkable market domination that FMI’s thorough investigation uncovered highlights the industry’s increasing direction and the critical role that creative solutions play.

FMI’s latest business report is a beacon of insight, providing a detailed exploration of the historical and current panorama of the global Peripheral Vascular Devices industry. The report encapsulates crucial aspects such as production, consumption, volume, and value, offering invaluable insights. It meticulously dissects the market into various segments, regions, and key players, all while considering demand patterns and growth prospects.

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The significant growth of the Global Peripheral Vascular Devices Industry underscores the increasing demand for innovative medical solutions, highlighting the industry’s potential for substantial expansion in the coming years. As the market continues to evolve, FMI remains dedicated to delivering comprehensive market intelligence and analysis to support industry stakeholders in making informed decisions.

Crucial information and forecast statistics covered in the Peripheral Vascular Devices industry report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

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Global Peripheral Vascular Devices Industry: Competition Analysis

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

Key players covered in the report include:

Abbott Laboratories
Boston Scientific Corporation
Cook Medical Inc.
MicroPort Scientific Corporation (Endovastec™)
Medtronic Plc.
Cardinal Health, Inc.
Others

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Important Questions Answered in the Global Peripheral Vascular Devices Industry Report

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

Key Offerings of the Report

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

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Global Peripheral Vascular Devices Industry: Segmentation

Valuable information covered in the FMI’s Peripheral Vascular Devices industry report has been segregated into key segments and sub-segments.

By Product:

Peripheral Vascular Stents
- Self-Expanding Stents
- Balloon Expanding Stents
- Covered Stents
Drug Eluting Stents
Drug Eluting Balloons
Peripheral Vascular Bioresorbable Scaffolds

By Indication:

Target Artery Instability (TAI)
Access Artery Injury (AAI)
Peripheral Arterial Disease
Arteriovenous Fistulas
Peripheral Aneurysms
Others

By Artery:

Carotid Artery
Fem-Pop Artery
lilac Artery
Infrapop Artery

By End User:

Hospitals
Ambulatory Surgical Centers/Outpatients
Cardiac Catheterization Labs

Author

Sabyasachi Ghosh (Associate Vice President at Future Industry Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Industry Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Industry Insights (FMI)

Future Industry 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 Industry. FMI stands as the leading global provider of Industry intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals Industries. 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:

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Christiana Corporate, 200 Continental Drive,
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Global Ambulatory Polysomnography Systems Industry is expected to grow at a 5.2% annual rate and reach a staggering value of US$ 516.9 Million by 2032, According to FMI

By 2032, the Global Ambulatory Polysomnography Systems Industry is expected to reach a projected revenue of US$ 516.9 million, indicating unparalleled growth. This extraordinary rise indicates a strong Compound Annual Growth Rate (CAGR) of 5.2% and indicates a notable upturn in the sleep diagnostics industry.

The market is projected to be worth US$ 311.2 million in 2022, indicating a notable upward tendency in the sleep diagnostics sector. This increase is a sign that ambulatory polysomnography equipment are becoming more widely accepted as an essential part of sophisticated sleep monitoring.

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Crucial information and forecast statistics covered in the Global Ambulatory Polysomnography Systems Industry report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Global Ambulatory Polysomnography Systems Industry: Competition Analysis

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

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Key players covered in the report include:

Koninklijke Philips N.V.
Natus Medical Incorporated
NIHON KOHDEN CORPORATION
Nox Medical
Löwenstein Medical Technology GmbH + Co. KG.
Neurosoft
Cadwell Industries Inc.
SOMNOmedics GmbH
Compumedics Limited
Neurovirtual / Sleepvirtual
Onera Technologies B.V.
Medicom MTD Ltd

Key Market Segments Covered in Global Ambulatory Polysomnography Systems Industry Research

By Product:

Up to 12 Channel PSG Systems
Up-to 24 Channel PSG Systems
Up-to 32 Channel PSG Systems
Above 32 Channel PSG Systems

By Application:

Obstructive Sleep Apnea
Narcolepsy
Chronic Insomnia
Others

By End User:

Hospitals
Sleep Laboratories
Home Care Settings

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Anti-Adhesion Barrier Gels Industry is expected to grow at an astounding 8.4% CAGR and surpass US$ 209.8 Million by 2032 | According to FMI

A prominent market research company, Future Market Insights (FMI), reveals a positive outlook for the Global Anti-Adhesion Barrier Gels Industry, projecting a compound annual growth rate (CAGR) of almost 8.4% throughout the forecast period. According to FMI’s most recent market study, the sector’s projected worth is predicted to jump from US$ 93.4 million in 2022 to a spectacular US$ 209.8 million by 2032.

The FDA in the United States acknowledges that adhesion barriers are essential components of medical implants because they keep internal tissues and organs apart during healing and recovery from surgery. These barriers are primarily used to reduce aberrant internal scarring, also known as adhesions. Because of their critical function in reducing problems, anti-adhesion barrier products are now considered essential components in various surgical procedures.

Commercially available anti-adhesion materials are composed of sodium hyaluronate, Carboxymethylcellulose or even oxidized regenerated cellulose. As adhesion barriers, such as hyaluronic acid, have the highest penetration rate in orthopedic procedures. A consistent rise in the number of patients undergoing fracture repair surgery and, coronary artery bypass grafting is expected to drive the demand for these products across the globe.

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During surgeries such as abdominal surgery, adhesion formation is a very common complication, wherein more than 90% of the patients develop intra-abdominal adhesions post-surgery. This leads to issues like infertility, small bowel obstruction, pelvic pain etc. Moreover, many a times, there are readmissions about these issues while many require further surgery which raises the difficulty and duration of these surgeries, thereby affecting patient’s quality of life significantly.

The use of cutting-edge technologies by surgeons to treat post-surgical adhesion has opened up new opportunities for pharmaceutical businesses to generate income. Since there is no specific medication available for the prevention of surgical adhesions, using adhesion barriers gels is an efficient strategy to lessen or avoid the incidence, extent, severity and concerns of post-surgical adhesions.

Because adhesive barriers are the only treatment option for post-surgical adhesions, demand for adhesion barriers is anticipated to increase over the projected period.

Key Takeaways from the Global Anti-Adhesion Barrier Gels Industry Study

Hyaluronic acid is the leading segment by product, and held 2% market value share in 2021, owing to its usage in surgeries and sport-related injuries.
Surgical Applications held a market share of 3% in 2021 owing to a rise in surgeries in different sectors such as cardiology, neurology and others.
By end user, hospitals are leading in the Global Anti-Adhesion Barrier Gels Industry , and are expected to continue to do so with a projected CAGR rate of 9% during the forecasted years.
North America is considered the leading region with a value share of 5% in 2021, owing to the large number of manufacturers and growing patient pool in the region.

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“Rising number surgical procedures along with growing demand for adhesion barriers post-surgery is set to propel the sales of anti-adhesion barrier gels across the globe,” says an analyst of Future Market Insights.

Market Competition

Investing in business inorganically has been the hallmark to bring strong business growth and most players in the adhesion barriers market are following this trend, which directly contributes to revenue growth, increasing product portfolio, and expanding presence and distribution network in different geographies. The general competitive environment in the Global Anti-Adhesion Barrier Gels Industry is characterized by consolidation activities such as joint ventures and new product launches.

In January 26, 2020, Terumo Launched New Surgical Sealant AQUABRID® in EMEA Market.
In Jan 2017, Terumo acquired brands form Abbott Laboratories. The two brands namely Angio-Seal and FemoSeal, vascular closure devices are expected to boost Terumo’s existing product portfolio in growing segments through both in-house development and external investment

Global Anti-Adhesion Barrier Gels Industry Key Players:

LG Chem Life Sciences Company
Anika Therapeutics
FzioMed, Inc.
Normedi Nordic
Betatech
Bioscompass
Klas
Terumo
BioRegen Biomedical
CGBIO
Shing Poong Pharma Co.LTD
Hangzhou Singclean Medical Products Co., Ltd.
Genewel
Kyeron
Hanohai Biological
PlantTec Medical GmbH

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Key Market Segments Covered in the Global Anti-Adhesion Barrier Gels Industry Research

By Product:

Hyaluronic acid
Carboxymethylcellulose
polyethylene oxides

By Application:

Surgical Applications
- Urological & Gynecological Surgeries
- Orthopedic Surgeries
- Abdominal surgeries
- Neurological Surgeries
- Cardiovascular Surgeries
- Reconstructive and Plastic Surgeries
- Others
Trauma Cases

By End User:

Hospitals
Ambulatory Surgical Centers
Specialty Clinics

Author

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Exonucleases Industry is expected to grow at a 2.3% CAGR and reach US$ 208.1 Million by 2032, | According to FMI

Based on projections, the Global Exonucleases Industry is expected to increase at a compound annual growth rate (CAGR) of 2.3% over the next several years. Industry analysts predict that by 2022, the market will be valued at US$ 162.6 million, and by 2032, it will have increased to US$ 208.1 million.

Exonucleases are an essential class of nucleases that are involved in the modification of nucleic acids. The capacity of these enzymes to degrade nucleic acids by removing nucleotides from the ends of the chains sets them apart. Exonucleases are enzymes that effectively break chemical bonds between nucleotides by recognising certain nucleotide sequences, aiding in precise and regulated molecular processes.

There are more than 100 restricted endonucleases which are identified in bacteria and archaea and are used for commercial purposes. Exonucleases are used in biotechnology which play an important role in molecular cloning. Most of the exonucleases are dimeric enzymes which are composed of two protein subunits where these two protein subunits are wrapped in the double-stranded DNA and separately cut both strands from both sides.

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There are hundreds of restricted endonucleases with unique recognition sites in bacteria. Exonucleases are involved in the repair, replication, recombination, and proper maturation and degradation of DNA and RNA. Due to their high specificity in restriction, they cleave only at specific sequences. Nucleic acid nucleotides are studied using mass spectroscopy.

Exonucleases are used to generate mass ladders of oligonucleotides which are analyzed with the help of mass spectroscopy. Exonucleases are identified in the E coli and in human cells.

Global Exonucleases Industry: Drivers and Restraints

The growing number of use of exonucleases applications such as the removal of 3’ overhangs, removal of oligonucleotide post PCR, and removal of chromosomal DNA in plasmid preparations will drive the growth of the overall Global Exonucleases Industry. Introduction to new technology and development in the exonucleases market will increase the overall exonucleases market globally.

Increased use of restricted enzymes in various research and development activities in the molecular biology procedure and techniques will also drive the exonucleases market. The high cost involved in the development of exonuclease production will hinder the growth of the Global exonuclease industry.

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Global Exonucleases Industry: Overview

Exonucleases, the enzymes extracted from bacteria and capable of cutting nucleic acid from the middle, have become a fundamental tool for molecular biology over the years. The number of characterized exonucleases has considerably increased in the last few years. Increased investment in R&D activities of molecular biology techniques and procedures will fuel the growth of the Global Exonucleases Industry.

The market features new vendors and an extensive product line in the exonucleases market. Although there have been significant increases in the genomic organization, the operational mechanism of exonucleases remains an active area of research. New techniques such as DNA sequencing and gene expression will increase the market for exonucleases globally.

Among all the applications used in the exonucleases, PCR held the largest share which helps in the diagnosis of hereditary diseases, detects infectious diseases, and identifies fingerprints.

Exonucleases Industry: Regional Outlook

The market for exonuclease products is examined across regions such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, the Middle East, and Africa. North America dominates the exonucleases market due to the presence of a huge well established molecular biology industry in terms of revenue.

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The immense pace of research and development activities due to the large presence of biotechnology companies and pharmaceutical are the key factors contributing to the increase in the Global Exonucleases Industry. Favorable government policies aimed at the development of industries such as pharmaceuticals and biotechnology.

Global Exonucleases Industry: Key Players

Some of the key players in the exonucleases market are QIAGEN N.V., New England Biolabs, Inc. Roche, Ltd., Thermo Fisher Scientific, Inc. Takara Bio, Inc., Agilent Technologies, Inc., Affymetrix, Inc., Illumina, Inc. the key market players have involved in developing new technologies and has involved in the various acquisitions and merger.

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

The report covers exhaust analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, UK, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Exonucleases Industry: Segmentation

Tentatively, the Global Exonucleases Industry has been segmented based on application and end user.

Based on application, Global Exonucleases Industry is segmented as below:

Sequencing
Cloning
Polymerase Chain Reaction (PCR)
Epigenetics
Restriction Digestion
Restriction Fragment Length Polymorphism (RFLP)

Based on end-users, Global Exonucleases Industry is segmented as below:

Biotechnological Companies
Pharmaceutical Companies
Contract Research Organizations
Academic Research Institutes

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

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Chitin Market Expected to Reach a Staggering US$ 5,746.2 Million by 2033, Fueled by Rising Demand in Food & Beverage and Healthcare Industries

According to Future Market Insight, the global chitin market is likely to reach US$ 5,746.2 million by 2033, with a CAGR of 12.3%. This is a significant increase from the estimated value of US$ 1,801.3 million in 2023.

Chitin’s versatility and distinct qualities have made it a desirable material in a variety of sectors. Pharmaceuticals (drug delivery systems, wound dressings), agriculture (biopesticides, biofertilizers), food and beverages (functional food additives, food coatings), cosmetics (skincare products), wastewater treatment (water purification), and other industries use it. The market is expanding as a result of increased demand for sustainable and natural solutions in various industries. Chitin is thought to be environmentally beneficial, and its abundance from shellfish waste contributes to its popularity.

In recent years, there has been a significant shift in consumer preferences toward sustainable and environmentally friendly products. Chitin extraction from waste materials like shrimp and crab shells fits this trend. The demand for chitin as a sustainable biopolymer has increased. This rising demand is driving the chitin market growth. Consumers and industries are actively seeking greener alternatives to conventional materials.

Chitin’s biocompatibility, biodegradability, and non-toxic nature have made it an attractive material for biomedical and pharmaceutical applications. Its usage in wound dressings, drug delivery systems, and tissue engineering scaffolds has gained traction. The demand for chitin-based medical products is growing due to the increasing prevalence of chronic wounds and an aging population. This rising demand contributes to the market’s growth in the healthcare sector.

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Chitosan, a derivative of chitin, has gained popularity in the food industry due to its health benefits. Chitosan’s ability to bind with fats and cholesterol in the digestive system has led to its use as a functional food ingredient to promote heart health. Its antimicrobial properties have also made it useful in food coatings to extend shelf life. As consumers become more health-conscious, the demand for chitosan in the food industry continues to rise.

The agricultural sector has shown interest in chitin for its potential as a sustainable agricultural input. Chitin-based biopesticides act as natural insecticides, providing an eco-friendly alternative to synthetic chemicals. They help reduce environmental impacts caused by traditional pesticides. Chitosan-based biofertilizers and soil conditioners enhance soil health, nutrient absorption, and plant growth. The agriculture industry’s growing adoption of sustainable practices drives the increasing demand for chitin in agriculture.

Chitin’s ability to adsorb heavy metals and other contaminants makes it a promising material for water treatment applications. Its application in water purification and wastewater treatment processes has gained attention as industries seek environmentally friendly methods for managing water quality. The increasing focus on water conservation and pollution reduction has boosted the demand for chitin-based solutions in water treatment.

As research and development efforts expand, more applications and advantages of chitin are being discovered and publicized. For instance, studies demonstrating chitin’s wound-healing properties or its use as a natural preservative in food products have garnered attention. This increased awareness has led to a broader customer base across various industries, further boosting the chitin market.

Key Takeaways from the Chitin Market

The chitin industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 2.2% through 2033, driven by the increasing demand for sustainable packaging materials.
The United States held a 20.4% share of the global chitin industry in 2022, primarily driven by the growing applications of chitin in the biomedical sector.
With a CAGR of 5.9% over the forecast period, India is predicted to develop rapidly in the chitin industry, supported by the government’s initiatives to promote sustainable agriculture and eco-friendly crop protection solutions.
In 2022, Japan had a 2.3% share of the chitin industry globally, fueled by the increasing adoption of chitin-based products in the cosmetics and personal care sector.
The chitin industry in China is expected to flourish speedily, registering a CAGR of 33.7% over the forecast period, driven by the country’s robust growth in the pharmaceutical and nutraceutical sectors, utilizing chitin as a key ingredient.
Germany accounted for 7.1% of the global chitin industry in 2022, influenced by the country’s significant investments in research and development to explore new applications of chitin in the fields of biotechnology and wastewater treatment.

Competitive Landscape in the Chitin Market

Key players are focused on expanding their production capacities, investing in research and development to explore innovative applications of chitin, and strengthening their global distribution networks. Additionally, they are actively engaging in strategic collaborations and partnerships to enhance their market presence and gain a competitive edge. Certain companies are also concentrating on sustainable chitin sourcing methods and eco-friendly manufacturing processes to meet growing consumer demand for environmentally responsible products.

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Recent Developments by Key Players

In July 2023, Chitin hydrogel garnered attention as a highly promising material with numerous applications in the biomedical field. Its exceptional biocompatibility and biodegradability render it valuable for tissue repair, artificial organs, and wound healing.
In May 2023, recent research conducted by MIT scientists revealed that carbon-capturing phytoplankton established colonies in the ocean through a unique process of rafting on chitin particles. These chitin rafts not only facilitated their colonization but also played a crucial role in supplying vital nutrients supporting and nourishing the microbes throughout their expedition.

Top Key Players in the Global Market

Wellable
SHANDONG LAIZHOU HIGHLY BIO-PRODUCTS CO. LTD.
Yaizu Suisankagaku Industry Co.,Ltd
Zhejiang Aoxing Biotechnology Co., Ltd.
Bayir Extracts Pvt. Ltd.
Golden-Shell Pharmaceutical Co. Ltd
Bio21
Panvo Organics Pvt Ltd.
Tidal Vision
Primex ehf
Meron Biopolymers
Heppe Medical Chitosan GmbH
CarboMer, Inc.
DALIAN XINDIE CHITIN CO., LTD
Kunpoong Bio Co. Ltd.
Advanced Biopolymers AS
Mahtani Chitosan Pvt. Ltd Vardhman Acrylics Ltd

Key Segmentation

By Derivative Type:

Glucosamine
Chitosan
Others

By End-Use Industry:

Food and Beverages
Agrochemical
Healthcare
Cosmetics and Toiletries
Waste and Water Treatment
Others

By Region:

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

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Contact Us:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Alcohol Packaging Market Poised for Growth at US$69 Billion by 2032, Fueled by Rising Consumption and Innovation

The global alcohol packaging market is on an upward trajectory, projected to reach a value of US$69.2 billion by 2032. This significant growth represents a CAGR of 3.9%, driven by surging demand for alcoholic beverages and continuous advancements in packaging solutions.

Market Drivers:

Rising Consumption: Increased demand and consumption of alcoholic beverages, particularly in developing economies, are key factors propelling the market forward. Rising disposable income further fuels this trend.
Craft Beer Craze: The growing popularity of premium alcoholic beverages, especially craft beers, is creating a strong demand for unique and visually appealing packaging solutions.
Innovation in Packaging: The emergence of new and exciting options like bag-in-box, ceramic glass bottles, and pouches for whiskey is bolstering market growth. Additionally, extensive research and development in biodegradable and sustainable packaging materials are attracting environmentally conscious consumers.

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Market Trends:

Shifting Preferences: The increasing demand for metal containers reflects a growing consumer preference for premium packaging that aligns with the craft beer trend. Additionally, metal offers excellent protection for beer during transportation and storage.
Evolving E-commerce Landscape: The proliferation of online alcohol sales, particularly in developing economies, necessitates robust and attractive packaging solutions for safe and secure delivery.

Growth Drivers:

Premiumization and Branding: The demand for premium and craft beverages has surged, leading to increased investment in aesthetically appealing and innovative packaging solutions. Premium packaging helps enhance brand image and attracts consumers seeking unique and high-quality products.
E-commerce Expansion: The growth of online retail channels for alcohol sales has necessitated packaging solutions that ensure product safety during transportation. Packaging designs that are not only attractive but also protective play a crucial role in meeting the requirements of e-commerce distribution.
Sustainability and Eco-friendly Packaging: Increasing awareness of environmental concerns has driven the alcohol industry towards sustainable packaging solutions. Consumers are showing a preference for eco-friendly materials, leading to the adoption of recyclable, biodegradable, and reusable packaging options.
Innovative Materials and Technologies: Advancements in packaging materials and technologies, such as smart packaging and augmented reality features, are driving growth. These innovations not only offer a unique consumer experience but also contribute to the overall functionality and efficiency of the packaging.
Regulatory Compliance and Safety: Stringent regulations related to alcohol packaging, including labeling and safety standards, are pushing manufacturers to invest in compliant packaging solutions. Meeting regulatory requirements ensures the safe consumption of alcoholic beverages and maintains consumer trust.

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Market Innovation:

Innovation in the alcohol packaging market is driving transformative changes, blending aesthetics, sustainability, and functionality to meet evolving consumer preferences and industry demands. One notable innovation lies in sustainable packaging solutions, where eco-friendly materials, such as recycled and biodegradable options, are gaining prominence. Brands are increasingly adopting packaging that minimizes environmental impact, reflecting a commitment to sustainability.

Smart and interactive packaging is another noteworthy innovation, integrating technologies like QR codes, augmented reality, and NFC tags to engage consumers and provide additional information about the product. This enhances the overall customer experience and facilitates brand-consumer interaction.

Customization is on the rise, with brands experimenting with unique shapes, sizes, and graphics to distinguish their products on the shelves. Personalized packaging allows for a more tailored and memorable consumer experience.

Furthermore, lightweighting and material advancements are contributing to reduced carbon footprints and improved logistics efficiency. From innovative closures to label designs, the alcohol packaging market is continually evolving to strike a balance between aesthetics, functionality, and sustainability in response to changing industry dynamics and consumer expectations.

Key Companies Profiled

Mondi
Amcor plc.
Crown
Ardagh Group S.A.
Diageo PLC
BALL CORPORATION
Berry Global Inc.
Tetra Pak Group
Saint-Gobain Group.
O-I Glass, Inc.
Vetreria Etrusca
Encore Glass
Orora Packaging Australia Pvt Ltd
Creative Glass
Brick Packaging
Bemis Manufacturing Company, Nampak Ltd.
Krones AG
Sidel Group
Sonoco Products Company

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Market Segmentation:

Based on the material used

Metal
Glass
Plastic
Paper
Others (wood, etc.)

Based on product type

Cans
Kegs
Bottles
Jars
Others

Based on alcoholic beverages

Undistilled fermented beverages
Beer
Wines
Cider
Distilled drinks
Vodka
Tequila
Rum
Whisky
Gin
Others

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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Surface Disinfectant Chemicals Sector to Flourish to US$ 5.8 Billion by 2033, Fueled by Global Healthcare Advancements and Innovative Solutions Amidst Growing Health Concerns

The surface disinfectant chemicals market size is predicted to be worth US$ 3.9 billion in 2023, rising to US$ 5.8 billion by 2033. The demand is expected to grow at a significant CAGR of 4.1% during the forecast period.

Leading manufacturers of surface disinfectant chemicals have a tonne of opportunities due to the advent of cutting-edge disinfection solutions and expanding economies. Due to the rising risk of disinfectants to humans, numerous start-ups in the surface disinfectant chemicals industry globally have created a variety of alternatives to traditional chemical-based decontaminants.

Rising healthcare costs and heightened consumer hygiene consciousness are the two main market drivers. In addition, the market is growing as more infectious diseases like hepatitis, HIV, and other hospital-acquired illnesses are becoming more common.

As individuals become more aware of the various illnesses connected to healthcare, it is projected that the demand for surface disinfectant chemicals will increase. The market is also anticipated to grow in the upcoming years, as a result of altering lifestyles and a rise in surgical procedures.

Manufacturers have historically been most worried about issues like government restrictions on the use of synthetic chemicals and a movement in consumer preference toward environmentally friendly products.

However, the market is being expanded overall due to the continually expanding demand from different industries and the implementation of stringent safety and hygiene standards. The demand for surface disinfection chemicals is largely driven by end users in the commercial and institutional sectors.

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Key Takeaways

The UK surface disinfectant chemicals market is anticipated to expand at a CAGR of 3.4% over the anticipated time frame. By 2033, it is anticipated that the industry in the UK is likely to surpass US$ 166.6 billion.
The surface disinfectant chemicals market increased at a 4.6% CAGR between 2017 and 2022, citing FMI’s study.
The surface disinfectant chemicals market in the US is anticipated to expand at an adequate CAGR of 3.8%. By 2033, it is expected that the US market would have contributed more than US$ 1.0 billion in revenue.
Japan’s surface disinfectant chemicals market sector is estimated to exceed US$ 320 million by 2033.
Between 2023 and 2033, the surface disinfectant chemicals market is likely to increase in South Korea at 4.6% CAGR, respectively.
Quaternary ammonium compounds dominate the surface disinfectant chemicals market, with a CAGR of 4.1% by 2033.
Based on end user, commercial and institutional segments dominate the surface disinfectant chemicals market, with the CAGR of 4.2% by 2033.

Competitive Analysis

Utilizing the rise in global demand, companies in the surface disinfectant chemicals market are working to enhance production capacity through strategic acquisitions and partnerships with other producers.

Leading surface disinfectant chemical producers are focusing on creating fresh marketing strategies and utilizing cutting-edge technologies to increase their clientele. Leading manufacturers of surface disinfection chemicals are focusing on regulating and optimizing supply efficiency in order to stay competitive in the market. They are doing this by boosting their productivity, operational effectiveness, and lead time reduction.

Lanxess made a formal announcement in 2020 that it intended to increase its capacity for producing oxone monopersulfate, a crucial component in disinfection formulations, by about 50%.
Lonza increased its microbiological capacity in 2020 and extended its long-term collaboration wi th Servier for the production of L-asparaginase API.

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Key players

Evonik Industries AG
LANXESS AG
Solvay S.A.
BASF SE
Lonza Group AG
Dow Inc.
Arkema SA
Mitsubishi Gas Chemical Company, Inc.
Hodogaya Chemical Co., Ltd.
Olin Corporation
Hansol Chemical Co., Ltd.
Dishman Carbogen Amics Ltd.

Key Segments

By Product Type:

Quaternary Ammonium Compound
Alcohols & Aldehydes
Phenolic Compounds
Halogens
Oxidizing Agents

By End Use:

Domestic
Commercial & Institutional
Industrial

By Region:

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

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Global Mucosal Atomization Devices Market Trends Reaching value of US$ 1.11 Billion by 2034 Growth rate CAGR of 6.9%

The global mucosal atomization devices market is poised for consistent growth over the next decade, reaching an estimated value of US$ 1.11 billion by 2034. This expansion is projected to occur at a compound annual growth rate (CAGR) of 6.9% from 2024, driven by the inherent advantages these devices offer in medication delivery.

Mucosal atomization devices provide a non-invasive method of administering medication through targeted mist delivery to the mucous membranes. This user-friendly approach, coupled with the device’s versatility in various medical procedures, is attracting significant interest within the healthcare industry.

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The use of mucosal atomization devices is done during pre-hospital and emergency treatments. Also it does not require any sterilisation or invasive equipment such as intravenous catheters and syringes.

Mucosal Atomization devices: Drivers and Restraints

The Major drivers of the Mucosal atomization devices are the increasing prevalence of sinus in many regions. Increasing focus on the disease management with non-invasive and less time consuming treatment methods will lead to increase in the adoption rate of Mucosal atomization devices. Moreover enhancement in the healthcare infrastructure is also playing a role, organisations are collaborating to increase the awareness. The companies are providing technically advanced and efficient products. Launch of novel drugs and therapies with increasing number of regulations for effective and efficient delivery of systems is being carried out. However one has to be very sure of the dosage as it is absorbed in the bloodstream within a very short time and can cause side effects if overdosed. Also during the Mucosal atomization devices protection of delicate organs such as lungs is necessary from hazardous exposures. Also removal of the agent or therapeutic drug is very difficult from the site of administration in case of cold cough or allergies.

Mucosal Atomization Devices Market: Segmentation

Tentatively, the global mucosal atomization devices market can be segmented on the basis of product type, sites of delivery and end user

On the basis of product type, the global Mucosal Atomization Devices Market can be segmented into:

Electrical
Gas propelled

On the basis of sites of delivery, the global Mucosal Atomization Devices Market can be segmented into:

Nasal mucosal surface
Oral mucosal surface
Laryngeal mucosal surface
Tracheal mucosal surface
pulmonary mucosal surface

On the basis of end user, the global Mucosal Atomization Devices Market can be segmented into:

Hospitals
Ambulatory Surgical centres
Super Speciality clinics
Ambulances
Home care

On the basis of region, the global Mucosal Atomization Devices Market can be segmented into:

North America
Latin America
Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa

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Mucosal Atomization Devices Market: Overview

The global market for Mucosal Atomization Devices is expected to witness high growth over the forecast period as the technology does not require the set up for intravenous drug delivery. The target is achieved at a much higher rate. The drug gets directly into the bloodstream and to the target area however one has to be very sure of the dosage as it can cause side effects if over dosed. The market of treatment of mucosal atomization devices is expected to increase with a rise in the patient pool as the treatment is target specific.

Mucosal Atomization Devices Market: Regional Outlook

Geographically, the global mucosal atomization devices market can be segmented into North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is expected to be a dominant market in the global mucosal atomization devices market, owing to the high prevalence of diseases. Also, the market in North America will rise, due to advancements in technology and strict regulations pertaining to patient care and safety in the region. The mucosal atomization devices market in Asia Pacific excluding Japan is expected to grow with a significant CAGR due to expansion of product offering by key players. In addition, government is making initiatives in the region by providing better healthcare facilities with techniques which require less pain and more efficiency and contribute to the growth of the Mucosal Atomization Devices. Europe is expected to hold the second largest share in the global mucosal atomization devices market throughout the forecast period.

Mucosal Atomization Devices Market: Key Players

The global market for mucosal atomization devices market is highly consolidated. Examples of some of the key players operating in the global mucosal atomization devices market DS Medical, Life-Assist, Inc., Teleflex Medical Europe Ltd, MedTree, Kurve Technology and Wolfetory Medical Inc.among others

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Water Cooled Cube Ice Machine Market Poised to Reach US$ 1.8 Billion by 2033 with Consistent 3.1% CAGR

The water cooled cube ice machines market, which achieved a valuation of US$ 1.36 billion in 2023, anticipates a promising Compound Annual Growth Rate (CAGR) of 3.1% from 2023 to 2033. By 2033, this market is poised to reach a significant valuation of US$ 1.8 billion, as per forecasts by Future Market Insights (FMI).

At the core of this expansion lies the increasing support from governments worldwide, acknowledging the crucial role of the food service industry in their economies. Government initiatives aimed at fostering and elevating this sector have fueled demand for efficient ice-making solutions. Water cooled cube ice machines stand out as prominent choices due to their energy-efficient features. The growth trajectory of the water cooled cube ice machines market reflects a collective commitment to enhancing the efficiency and sustainability of the food service industry, delivering benefits to businesses and the environment alike.

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North America Leads the Way in the Water Cooled Cube Ice Machines Market:

In the competitive landscape of the global Water Cooled Cube Ice Machines market, North America stands as a dominant force. With a projected Compound Annual Growth Rate (CAGR) of 3.0% in 2023, the region is poised for remarkable expansion. But what drives this growth, and can it be sustained? Let’s dive into the regional insights.

North America: A Hotspot for Water Cooled Cube Ice Machines

The resurgence of the North American Water Cooled Cube Ice Machines market can be largely attributed to the thriving food service industry. This sector, consisting of restaurants, bars, cafes, and hotels, has seen explosive growth. The rising trend of dining out, fueled by increased consumer spending, is a driving force behind this boom. North America’s appetite for these ice machines is insatiable, making it a hotbed for business opportunities.

Asia Pacific’s Appetite for Water Cooled Cube Ice Machines:

While North America leads the charge, the Asia Pacific region isn’t far behind. With a projected CAGR of 2.9% in 2023, this region is steadily gaining ground in the Water Cooled Cube Ice Machines market. What’s behind this surge? Let’s explore.

Asia Pacific: Rising Demand in the Food and Beverage Industry

The growth of the Asia Pacific Water Cooled Cube Ice Machines market is closely tied to the burgeoning food and beverage industry. This region hosts a vast and rapidly expanding food and beverage sector, including a surge in restaurants, hotels, and cafes. The demand for water-cooled cube ice machines is on the rise, driven by the need to cater to the culinary delights of an ever-increasing population.

Global Water Cooled Cube Ice Machines Market: A Competitive Arena

In the global arena, the Water Cooled Cube Ice Machines market is heating up, with North America and Asia Pacific taking center stage. As the food service and food and beverage industries continue to thrive, opportunities abound for businesses to tap into these lucrative markets. However, sustaining growth will require adapting to changing consumer trends and navigating government regulations, making strategic planning and innovation key to success in this dynamic landscape.

Key Companies Profiled:

Koolaire
Snowsman
KD Industries
Howe Corp.
Manitowoc
Vogt
Scotsman
Ice-O-Matic
Whirlpool
Danfoss AS
IMI Cornelius

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Key Segments Covered in Report:

By Installation:

Floor Standing Machine
Under Counter Machine
Countertop Machine

By Equipment Type:

Ice Making Head
Remote Condensing Unit
Self-Contained Unit

By Component Type:

Compressor
- Reciprocating Compressor
- Scroll Compressor
Condenser
Expansion Device
- Thermal Expansion Valves
- Electronic Valves
- Capillary Tubes
Evaporator
Heat Exchanger
- Liquid Line
- Suction Line

By Distribution Channel:

Offline Stores
- Hypermarkets/Supermarkets
- Independent Store
- Multi-brand Store
- Specialty Store
Online Retail Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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Undercounter Ice Maker Market Expected to Reach US$ 1,135.4 Million by 2033, Driven by 3.9% CAGR

The undercounter ice makers market projects a remarkable journey ahead, with an anticipated Compound Annual Growth Rate (CAGR) of 3.9% from 2023 to 2033. By 2033, the market is poised to achieve a substantial valuation of approximately US$ 1,135.4 million.

At the heart of this expansion is a heightened awareness of environmental considerations. Businesses across various industries, particularly in the food service sector, increasingly recognize the paramount importance of integrating environmentally responsible choices into their daily operations. Undercounter ice makers are emerging as essential components in this movement towards environmental conscientiousness.

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Driving Forces and Emerging Trends in the Undercounter Ice Makers Market:

One of the key drivers of the market growth is the increasing demand from commercial establishments. Undercounter ice makers are commonly used in restaurants, bars, and other commercial establishments that require a steady supply of ice. With the growth of the hospitality industry and the increasing number of food service establishments, the demand for undercounter ice makers is expected to grow significantly in the coming years.

The growing popularity of home bars and entertainment areas is accelerating the demand for Undercounter Ice Makers. Many homeowners are investing in home bars and entertainment areas, which often include an undercounter ice maker as a key component. With the increasing popularity of home entertainment, the demand for undercounter ice makers is expected to grow in the coming years.

Another factor such as technological advancements is also expected to boost the market prospects. Undercounter ice makers are becoming increasingly advanced, with features such as touchless dispensing, built-in water filtration systems, and Wi-Fi connectivity. As these machines become more advanced and convenient to use, the demand for them is likely to increase.

The increasing emphasis on hygiene and safety is a major factor that is likely to create lucrative opportunities for market growth. With the ongoing COVID-19 pandemic, there is an increased emphasis on hygiene and safety in commercial and residential settings. Undercounter ice makers that feature built-in antimicrobial protection or touchless dispensing are likely to become more popular as consumers seek out products that help them maintain a safe and clean environment.

The increasing availability of financing options is anticipated to propel the growth of the market. Undercounter ice makers can be a significant investment for commercial and residential users. The increasing availability of financing options, such as leasing or instalment plans, makes it easier for consumers to purchase these machines and is likely to drive demand in the coming years.

Key Takeaways from the Market Study:

Global Undercounter Ice Makers Market was valued at US$ 745.4 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 2.2%.
North America is expected to hold the highest CAGR of 3.8% during the forecast period.
By equipment type, the self-contained unit segment is expected to constitute a CAGR of 3.8% in 2033.
On the basis of distribution channels, the offline store’s segment is expected to dominate the market with a CAGR of 3.7% in 2033.

Key Companies Profiled:

Prominent players in the undercounter ice makers market are Avallon, EdgeStar, Hestan, Ice-O-Matic, IMI Cornelius, KD Industries, Hoshizaki, Manitowoc, Scotsman, Snowsman, Summit, and Avanto Ice machines, among others.

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Key Segments Covered:

By Equipment Type:

Ice Making Head
Remote Condensing Unit
Self-Contained Unit

By Ice Maker Type:

Continuous
- Nuggets
- Flakes
Batch

By Cooling Media:

Air Cooled
Water Cooled

By Distribution Channel:

Offline Stores
- Hypermarkets/Supermarkets
- Independent Store
- Multi-brand Store
- Specialty Stores
Online Retail Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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