Market Research Blog – Page 3318 – New Product Development

Petroleum Jelly Market Poised for Growth: US$ 770.3 Million Valuation through 2033

The global petroleum jelly market is expected to reach a market value of US$ 525.1 million in 2023. This may push the market size to US$ 770.3 million in 2033. The overall market is expected to thrive at 4.2% CAGR.

Growing demand for petroleum jelly as UPS and technical in multiple end-use industries such as pharmaceuticals, cosmetics & personal care, food, and others is expected to boost consumption in the coming years.

A cable-filling compound such as petroleum jelly has been used in the telecommunication industry for years to prevent moisture from entering cables. As a result, the availability of broadband connections at home might increase the demand for optical fiber cables.

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The dielectric properties of petroleum jelly are beneficial to optical fiber cables and copper telephone cables. Additionally, petroleum jelly’s physical and chemical properties are driving the petroleum jelly market growth.

Petroleum jelly’s market growth is mainly fueled by pharmaceutical and cosmetic products. Leather, telecommunications, manufacturing, marine, and other sectors also use it. The material is also resistant to rust and insoluble in water and many other chemicals, so it may be an ideal choice for equipment that requires rust resistance.

Growing investment in manufacturing industries and downstream product utilization is expected to fuel market demand in the coming years as a moisture reduction agent and grooming aid in a wide range of skin treatments, cosmetics, and hair products.

Key Takeaways from the Market Study

The petroleum jelly market is expected to hold a CAGR of 4.2% over the forecast period.
USP grade is anticipated to remain the prominent segment in the petroleum jelly market with a CAGR of 3.9%.
It is estimated that the petroleum jelly market in North America may remain strong during the forecast period.
The petroleum jelly market in the United States is estimated to be valued at US$ 103.5 million in 2023.
China is predicted to expand at a CAGR of 4.1% and is estimated to be valued at US$ 245.7 million in 2023.

Competitive Landscape:

A variety of expansion strategies have been adopted by some leading market players in order to deepen penetration across lucrative markets. Several small-scale companies are merging and acquiring big companies to reach a wide consumer base and incorporate innovative products into their product lines. In addition to launching products, partnering with key players, acquiring companies, and strengthening regional and global distribution networks, these strategies include collaborations with key players.

Recent Developments:

In May 2021, Royal Dutch Shell sold its 50% stake in Deer Park Refining Limited Partnership, a joint venture between the company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). After regulatory approval, Royal Dutch Shell’s interest in the partnership and the refinery’s sole ownership is likely to be transferred to Pemex.
Calumet Specialty Products Partners announced in March 2020 that it has acquired Paralogics, a manufacturer of industrial and candle wax blends. Once integrated into Calumet’s existing wax business value chain, the new capabilities are going to add 20 million pounds of blending and formulating capacity annually.

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Petroleum Jelly Market: Top Key Players

International Group, Inc.
Calumet Specialty Products Partners, L.P
ExxonMobil
Sasol
Lukoil
Polwax SA
Nippon Seiro Co., Ltd.
Repsol
H&R Group

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Dry Washer Market on the Rise: Poised to Reach US$449.2 Million by 2033

The dry washer market is gaining traction as an eco-friendly and efficient alternative to traditional wet washing methods. These washers utilize various mechanisms to clean clothes using minimal to no water, making them ideal for water-scarce regions and environmentally conscious consumers. Let’s delve into the current trends shaping this market, explore the factors driving its growth, and examine the future scope of dry washing technology.

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Current Trends:

Dry washers cater to various consumer segments:

Home Users: Compact and user-friendly home dry washers are becoming increasingly popular in water-restricted areas or for those seeking a more sustainable laundry routine.
Commercial Laundromats: Commercial dry washers offer a water-saving solution for high-volume laundry businesses like laundromats or hospitality laundry services.
Industrial Applications: Dry washing technology is finding applications in industries like textile manufacturing or oil and gas, where cleaning specific items without water is crucial.

The market offers dry washers that function using different mechanisms:

Air-Based Systems: These washers use pressurized air to remove dirt and debris from clothes.
Solvent-Based Systems: A liquid solvent, often recyclable, is used to clean clothes in these washers.
Carbon Dioxide Cleaning: This method utilizes carbon dioxide in its supercritical state for cleaning, offering an eco-friendly option.

Growth Factors:

Several factors are propelling the dry washer market forward:

Rising Water Concerns: Global water scarcity concerns and stricter water usage regulations are driving the adoption of water-saving laundry solutions.
Focus on Environmental Sustainability: Consumers are increasingly seeking eco-friendly alternatives, and dry washers align with this trend by minimizing water consumption and potentially using recyclable cleaning agents.
Growing Urbanization: With a growing urban population, water conservation becomes even more critical, and dry washers offer a viable solution for dense urban areas.
Technological Advancements: Improvements in dry washing technology, such as more efficient cleaning cycles and reduced processing times, are making them more attractive to consumers.
Increased Awareness and Marketing: Growing awareness of the environmental benefits of dry washing and targeted marketing campaigns are stimulating market growth.

Future Scope:

The future of the dry washer market is expected to witness advancements in several areas:

Hybrid Dry Washing Systems: These systems might combine elements of air, solvent, or CO2 cleaning for a more thorough clean while minimizing water usage.
Improved Cleaning Efficiency: Advancements in cleaning mechanisms and detergents can further enhance the cleaning power of dry washers to match traditional methods.
Smart Dry Washers: Integration with smart home technologies could allow for remote monitoring, cycle optimization, and automated detergent dispensing.
Focus on Biodegradable Detergents: Development of biodegradable detergents specifically designed for dry washers will be crucial for a sustainable future.
Reduced Energy Consumption: Improvements in technology can lead to dry washers that are more energy-efficient, minimizing their environmental impact

Refrigerator Water Filter Market: Expected to Record a 6% CAGR by 2032, Enhancing Water Quality and Health Standards

In 2022, the global refrigerator water filter market is estimated at US$ 1,114 million and is expected to record a CAGR of 6% during the forecast period from 2022 to 2032. By 2032, the market is projected to reach US$ 1,995 million.

Rising water contamination has generated a significant demand for refrigerator filters. It has been concluded that rapid urbanization has brought a negative impact on water quality, diminishing it. Therefore, the market has witnessed a significant rise in the demand for equipment within the domestic sector.

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Global Refrigerator Water Filter Market Outlook

The global kitchenware appliances market is being growing due to surge in the professional steward consumer segment globally. It includes Water Purifiers, Microwave Oven, Refrigerator, Induction Hob, and Dishwasher. Water purifiers are one of most essential home appliances in every house and it consumes more energy compared to other kitchen appliances and hence, energy-efficiency has become the most important factor considered by consumers while making the purchase decision.

Refrigerator water filters are witnessing growth due to increased demand for water and wastewater treatment from industries such as chemical and petrochemicals, pharmaceuticals and food & beverages.

Global Refrigerator Water Filter Market: Reasons for covering this Title

Water is one of the most important part of human life and due to health conscious reasons among consumers these days, it has become very important for the people to select the best water filter. Refrigerator is one of the most important appliance for kitchen these days and due to the reason of not to use plastic bottles, consumers are moving towards the filters which are compact and fit in less space and does not require extra space in the kitchen. Water purification and going green are most important things these days in the minds of people

Global Refrigerator Water Filter Market: Key Players

Some of the key players operating in the global Refrigerator Water Filter market are

Swift Green Filters
EcoPure
Kenmore
Viking
EZ-FLO
GE
Samsung
Whirlpool
Frigidaire
Kitchenaid

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Refrigerator Water Filter Market: Key Trends

The desire to “Go Green” is one of the trend for the Use of Refrigerator Filters Instead of Bottled Water and concerns include the environmental impact of the manufacturing, transportation, as well as the impact on landfill of discarded plastic bottle
Trend of home improvement and modular kitchen is one of the reason for fostering sales of the refrigerator drinking water filter.

Refrigerator Water Filter Market: Key Developments

The ongoing indigenous research and development is now focusing on decreasing the water wastage to zero, while simultaneously eliminating the need of electricity in the process

Opportunities for Refrigerator Water Filter Market Participants

In the coming years, there is an increase in demand for refrigerator water filters in the regions like North America and Europe which is expected to drive the market for more advanced refrigerator water filters. However, there is increase in personal healthcare, intense competition, launches of new products, rise in spends on water quality, retrofitting and renovation of old technology, will drive the market of refrigerator water filters market globally.  Media coverage on drinking water contamination events and related outbreaks drives market growth and creates opportunity for the market participants to come up with new technologies

Brief Approach to Research for Refrigerator Water Filter Market

FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, formats, and application of segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Refrigerator Water Filter Market sizes.

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Key Segmentations

On the basis of types

Carbon Block Refrigerator Water Filters
Granular Activated Carbon (GAC) Refrigerator Water Filters
Reverse Osmosis (RO) Refrigerator Water Filters

On the basis of application

Residential
Commercial

On the basis of the distribution channel

Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Independent Stores
Online Store
Others

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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T: +1-845-579-5705
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Camera Accessories Market: Anticipated to Register a 13.5% CAGR by 2032, Paving the Way for Innovation and Growth

Due to product innovations and new product launches in the market, the camera accessories market is likely to register a CAGR of 13.5% during the forecast period. It is anticipated to reach a market share of US$ 12.34 Billion in 2032 from US$ 2.7 Billion in 2020

The global market for camera accessories has seen a surge in growth, driven by the rising demand for high-end digital cameras.
Camera accessories play a crucial role in enhancing a camera’s usability, efficiency, and lifespan.
Examples of camera accessories include lenses, screen protectors, and tripods or monopods, which provide stability and support for the camera during use.
Other essential accessories include memory card management tools like punches, along with bags designed for storing and transporting camera equipment.
Batteries are also essential accessories for cameras, providing the necessary power for extended use.
It’s important to consider the additional tools required to fully utilize and maintain a camera, ensuring optimal performance and longevity.

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The many ways cameras are used for nature, scenery, wedding events and fashion images – birthdays too. Also in sports scenes up high, plus dangerous actions shots record made by photojournalists to sell stuff.. This will make the camera accessories market bigger over time For professional photographers, the importance of camera accessories is not avoidable.

A good lens for taking pictures quickly, a thing to help hold the camera up straight (tripod), starting and stopping device without touching it directly. Plus filter which makes light polarized helps photographers capture better photos. Further, a camera bag and strap help keep the important stuff safe. This includes extra batteries and memory cards so you can take lots of pictures without stopping.

Global Camera Accessories Market: Key Players

Some of the key players operating in the global Camera Accessories market are Canon Inc., Nikon Corporation, Sony Corporation, Fujifilm Holdings Corporation, Olympus Corporation, Panasonic Corporation, GoPro, Inc., CASIO COMPUTER CO., LTD., Leica Camera AG, CP PLUS, Ricoh Imaging Americas Corporation, SAMSUNG GSG, Vitec Imaging Solutions Spa, Peak Design and RED among others.

Global Camera Accessories Market: Reasons for Covering this Title

Global demand for high-end cameras is high among the youth in the urban population. With the assistance of different camera accessories, it has become possible to enhance the quality and experience of photography. The high-end camera buyers tend to buy the camera accessories for stability and accessibility.

Although the smartphones highly hamper the camera and its accessories market, the demand for the camera and its accessories by professional will grow owing to increased demand in their respective industry.

According to industries that demand the use of the camera, the various camera accessories will be in need. It necessitates by studying the camera accessories market. The product innovations and new product launches in the camera accessories market are estimated to make the survival of the market.

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Camera Accessories Market: Key Developments

In October 2018, a special version of the Manfrotto Befree tripod was launched that targeted professionals who demand outmost quality and high performance.
In September 2018, Eastman Kodak Company and Kodak Alaris announced the availability of highly anticipated KODAK EKTACHROME Film line worldwide.
In September 2017, Sony Corporation and Vitec Photographic has announced collaboration in the imaging market consolidating both companies position in the market.

Opportunities for Camera Accessories Market Participants

Cameras with interchangeable lens coupled with their upgraded features and superior quality of images have high growth boosting the camera accessories market. High-quality lenses and lens filters will drive the camera accessories market prominently.

There is the rising popularity of cameras among the women owing to the attractive aesthetic looks and women concentric advertisements will enhance the camera accessories market growth.

Not only developed countries but also developing nations are estimated to have a good camera accessories market presence. The saturation of the camera accessories market in developed countries will focus on the developing countries market enhancement.

Brief Approach to Research for Camera Accessories Market

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Key Segmentations

On the basis of product types

Filter lens
Lens
Screen protectors
Memory cards
Camera bags and pouches
Tripods and mounts
Batteries and chargers
Others

On the basis of types of gear

Drones
DSLR
Mirror-less
Professional DSLR
Video camera

On the basis of the distribution channel

Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Online Store
Others

Author

About Future Market Insights (FMI)

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

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Global Medical Cyclotron Market Projected to Reach US$ 562.4 Million by 2032 at a CAGR of 9.6% | FMI

The global medical cyclotron market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 9.6% over the forecast period. According to FMI, the market is anticipated to generate US$ 205.3 million in revenue by the end of 2022, surging to US$ 562.4 million by 2032. This growth trajectory marks a substantial acceleration from previous years, highlighting the increasing importance of cyclotron technology in advancing medical diagnostics and treatment.

Cyclotrons, particle accelerators crucial for producing radioisotopes, are at the forefront of medical innovation, powering applications such as positron emission tomography (PET) imaging and targeted radionuclide therapy. The rising prevalence of cancer and chronic diseases worldwide is a primary driver behind the heightened demand for accurate diagnostics and therapies, propelling the expansion of the medical cyclotron market.

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“The medical cyclotron market is witnessing unprecedented growth and innovation, driven by the imperative need for precise diagnostic tools and effective treatment modalities,” said FMI. “Cyclotrons play a pivotal role in this landscape, enabling the production of essential radioisotopes utilized in cutting-edge medical procedures.”

The increasing incidence of cancer globally has fueled demand for cyclotron-produced radioisotopes, such as fluorine-18 (18F), which are instrumental in PET imaging for early cancer detection and staging. Furthermore, advancements in radionuclide therapy have heightened the necessity for isotopes like lutetium-177 (177Lu) and yttrium-90 (90Y), both produced through cyclotron technology, for targeted cancer treatment.

Technological innovations have significantly contributed to the market’s growth, with modern cyclotrons offering enhanced efficiency, compact designs, and user-friendly interfaces. The emergence of solid-target technology has further optimized isotope production efficiency, reducing operational costs and radioactive waste while ensuring a consistent supply of critical radioisotopes.

“The evolution of cyclotron technology underscores its pivotal role in shaping the future of medical diagnostics and treatment,” added [Expert/Analyst Name]. “These advancements not only drive market expansion but also elevate patient care by delivering reliable and accessible radioisotopes for clinical use.”

Moreover, the COVID-19 pandemic has underscored the adaptability and resilience of medical cyclotrons in healthcare. These machines have been instrumental in developing and producing radiopharmaceuticals essential for diagnosing and monitoring COVID-19-related complications, further highlighting their significance in addressing emerging healthcare challenges.

As the global medical cyclotron market continues to evolve, stakeholders across the healthcare spectrum are poised to capitalize on its transformative potential, driving innovation and improving patient outcomes.

Key Takeaways:

The global medical cyclotron market is expected to reach US$ 562.4 million by 2032.
North America is the largest market for medical cyclotrons, followed by Europe and Asia Pacific.
The rising incidence of cancer and other chronic diseases is the key driver of the medical cyclotron market.
Technological advancements in cyclotron systems are also contributing to the growth of the market.

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Key companies profiled:

General Electric Company
Nueclear Healthcare Limited
Cyclotron Products, Inc.
IBA
Sumitomo Heavy Industries. Ltd.

Key Segments:

By Product Type:

AVF Cyclotron
Ring Cyclotron

By End Users:

Hospital
Specialized Clinics
Pharmaceutical Companies

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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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 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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Unlocking Growth: Capitalizing on the Rising Demand for Gold Plating Chemicals in Electronics and Luxury Goods

The gold plating chemicals market is securing a valuation of US$ 467.1 million in 2023 and is anticipated to rise to US$ 703.8 million by 2033. The market is registering a CAGR of 4.5% during the forecast period.

Trends in the Global Gold Plating Chemicals Market

The increasing demand for gold plating chemicals in the electronics industry, particularly in consumer electronics manufacturing, is fueling market trend. Gold plating enhances connectors’ and other electronic components’ electrical conductivity and durability.

Another factor contributing to the growth of the gold plating chemicals market is the rising demand for jewelry and other luxury items. Gold plating is a popular method of adding a layer of gold to items made from other materials such as silver, brass, or nickel.

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In terms of trends, there is a growing interest in developing eco-friendly gold plating chemicals that are less harmful to the environment and human health. It is driven by increasing consumer awareness of sustainability and the need for businesses to adopt more sustainable practices.

The growing trend towards using non-cyanide gold plating chemicals upsurges the market size. Cyanide-based chemicals have traditionally been used in the gold plating process, but concerns about their toxicity and environmental impact exist. Non-cyanide alternatives are seen as safe and sustainable options.

Overall, the gold plating chemicals market is expected to grow in the coming years, driven by demand from the electronics and luxury goods industries.

Key Takeaways:

The gold plating chemicals market is expected to have a valuation of US$ 8 million by 2033.
With a CAGR of 5%, the global market is increasing during the forecast period.
The market in the United States is anticipated to capture a CAGR of 3.5% in the global market through 2033.
China is dominating the global market by capturing a valuation of US$ 138.6 million by 2033.
Historically, the market captured a valuation of US$ 5 million between 2018 and 2022.

Who is Winning?

The market is highly competitive, with several key players present globally. These players invest huge amounts in research & development activities to generate maximum profit in the market. The marketing tactics that players adopt include mergers, collaborations, partnerships, agreements, and product launches.

Recent Developments in the Global Market:

Atotech is a leading player in the market, offering various products for the electronics, automotive, and decorative industries. In 2020, the company launched a new electroless nickel immersion gold (ENIG) process designed to provide superior adhesion and corrosion resistance for PCBs (printed circuit boards).
Heimerle + Meule GmbH is a German company that specializes in precious metal refining and surface treatment. In 2020, the company introduced a new line of cyanide-free gold plating chemicals called Auruna 5500.
Technic Inc. is a US-based company that provides various plating chemicals and equipment for the electronics, automotive, and medical industries. In 2020, the company launched a new line of non-cyanide gold plating chemicals called Techni Gold NC. These chemicals are designed to offer improved performance and efficiency compared to traditional cyanide-based alternatives.
Uyemura International Corporation is a Japanese company that specializes in surface finishing technologies. In 2021, the company announced the development of a new gold plating process called Miralloy. This process provides high corrosion and wears resistance for connector contacts and other electronic components.

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Prominent Players in the Gold Plating Chemicals Market:

Atotech Deutschland GmbH
Technic, Inc.
American Elements
Electroplating Engineers of Japan, Ltd. (EEJA)
Umicore Group
HEESEMANN Maschinenfabrik GmbH
Heraeus Holding GmbH
Johnson Matthey Plc
Tanaka Holdings Co., Ltd.
Legor Group S.p.A.
Coventya Holding SAS
DOW Chemical Company
Advanced Chemical Company
Japan Pure Chemical Co., Ltd.

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Cooker Hoods Market: Projected to Reach US$ 17.1 Billion by 2032, Redefining Kitchen Ventilation Solutions

In 2022, the global cooker hoods market is estimated at US$ 12.1 billion, projected to reach US$ 17.1 billion by 2032. Cooker hood sales are expected to accelerate at a CAGR of 4.9% between 2022 to 2032. The share of the cooker hoods market in its house appliance market is approximately ~5%-10%.

A significant driving force behind the global cooker hoods industry is the increasing adoption of these appliances in both residential and commercial kitchens, aimed at enhancing air quality and establishing a more comfortable cooking environment.

Manufacturers of kitchen hoods are expected to respond to consumer demands by integrating technological advancements and embracing the Internet of Things (IoT). This includes the integration of innovative features such as noise reduction, internet connectivity, and the incorporation of sensors like infrared and optical, which are anticipated to open up new growth opportunities for the cooker hoods industry throughout the forecast period.

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In Europe, U.K is expected to account for a dominant share in the market owing to rapid development of more innovative, energy efficient, and technologically advanced household appliances.

Key Takeaways:

Based on product type, sales of integrated cooker hoods will remain high.
By applications, demand for cooker hoods in the residential segment will gain traction.
In terms of sales channel, the exclusive stores segment will expand at a considerable pace over the assessment period.
The U.K. will continue dominating the Europe cooker hoods market over the forecast period amid high demand for smart kitchen appliances.
India will emerge as a lucrative pocket owing to the expansion of the foodservice sector in the country.

Competition Landscape

Appliances are being integrated with Internet of Things (IoT) platforms by market players. Apps for mobile and desktop devices allow smart kitchen equipment to work remotely and wirelessly,in real-time. Mergers and acquisitions, as well as product development and innovation, are among the strategies adopted by key players to gain a competitive edge.

Adding new features and functionality is a major concern for companies. Major players present in the Cooker Hoods market are

Miele
BSH Home Appliances Group
Bosch
Siemens
Elica hoods
Midea
Luxair Cooker Hoods Limited
Inflame Appliances Ltd
Eico A/S
Westin
Candy Hoover Group S.r.l
Falmec Kitchen Appliance Limited
Hafele Appliances
Others (on request)

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Cooker Hoods Market by Category

By Product Type:

Chimney/wall-mounted cooker hoods
Integrated cooker hoods
Downdraft cooker hoods

By Technology:

Extraction Technology
Filter less Technology

By Application:

Residential
Commercial

By Sales Channel:

Multi-Brand Stores
Exclusive Stores
Online Stores
Independent Stores
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)

Author

About Future Market Insights (FMI)

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

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Non-Alcoholic Beer Market Projected to Reach US$ 45,019.5 Million by 2033 with 8% CAGR Growth, Fueled by Health Benefits and Increasing Consumer Demand

The non-alcoholic beer market size is projected to reach US$ 21,345 million in 2023, expanding at a CAGR of 8% from 2023 to 2033. The market is set to reach US$ 45,019.5 million by 2033.

Various research activities have shown non-alcoholic beer to improve overall cardiovascular health. This is most likely due to the polyphenols found in these products, such as polyphenol xanthohumol, a hop-derived molecule. Drinking alcohol-free beer can help lower blood pressure, inflammation, and homocysteine levels.

Hops are utilized in non-alcoholic beers for their distinct flavor and as a preservative. Chemicals such as xanthohumol and myrcenol found in hops have a sedative impact and can help in improving the sleep cycle. Hops boost the action of the neurotransmitter gamma-aminobutyric acid (GABA), which is a fundamental mechanism behind sleep. When GABA levels rise, neuronal activity decreases, resulting in a calming effect in the brain.

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Experimental investigations have also shown that consuming alcohol-free beer reduces anxiety levels in stressed individuals. Backed by these factors, sales of non-alcoholic beers are anticipated to gain traction over the forecast period.

Also, the emergence mindful drinking trend will provide impetus to sales in the market. Consumers who want to reduce alcohol consumption no longer have to compromise on taste because the overall quality of no-alcohol alternatives has improved over time.

Key Takeaways:

Based on product type, sales of alcohol-free beers are expected to remain high over the forecast period.
In terms of sales channels, indirect channels such as supermarkets and online retail platforms will remain most lucrative.
By material, demand for malted-grain non-alcoholic beer will gain traction at a considerable pace through 2032.
Sales in the U.S. non-alcoholic beers market will account for 23.6% of the total market share in 2022.
Demand for non-alcoholic beers in the China market will increase at a 7.4% CAGR over the forecast period.

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“Increasing availability of non-alcoholic beers at online retail channels, along with growing interest in malt-grain based non-alcoholic beverages will drive sales in the market over the forecast period,” says the FMI analyst.

Competition Landscape

Some of the leading companies offering non-alcoholic beer Big Drop Brewing Co., Anheuser-Busch InBev, Heineken N.V., Bernard Family Brewery Inc., Moscow Brewing Company, Carlsberg A/S, Suntory Beer, Erdinger Weibbrau, Arpanoosh CO, Krombacher Braueri, and others.

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Given Below are the Acerola Extract Market Segments

By Product:

Alcohol-Free
Low Alcohol

By Category:

Plain
Flavored

By Material:

Malted Grains
Hops
Yeasts
Enzymes
Others

By Sales Channel:

Convenience Stores
Liquor Stores
Supermarkets
Restaurants & Bars
Online Stores

By Region:

North America
Latin America
Europe
Asia Pacific
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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Wine Market Forecasted to Reach US$ 2971.13 Billion by 2033 with 5.7% CAGR, Fueled by ‘French Paradox’ and Increasing Wellness Trends

From 2023 to 2033, there is expected to be a significant increase in the size of the global wine market. The global market is expected to surpass a valuation of US$ 5,34,226 million in 2023, according to the research report released by Future Market Insights. By 2033, its value is projected to reach US$ 8,75,293.8 million. From 2023 to 2033, the market is anticipated to grow at a CAGR of 5%.

The increasing popularity of wine among consumers from all age groups is a key factor boosting the market growth. Rapid urbanization, improving lifestyles, and increasing disposable income levels aid in propelling the demand for wine. In recent years, there has been a significant increase in wine production. Wine consumption is being fueled by escalating globalization. The expansion of distribution channels and globalization are boosting exports and imports, which fuels wine sales. The production and consumption of wine are significantly rising, which is driving up demand for expensive and flavored wines.

Increasing online wine sales are expected to create growth avenues for market players. Demand for white and red wine is rising as social media usage spreads. Wine blends have improved as a result of the increased focus on inventive innovation. Manufacturers are carving new opportunities by launching new flavors. In order to circumvent conventional sales channels, several wineries and producers have started using online platforms. As technology develops and more people shop online, online wine sales are bound to increase.

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Global market expansion is aided by the rising demand for premium wine and alcoholic beverages from bars and lounges. Nightclubs and club culture are attracting more and more interest from millennials, especially those who live in urban areas. The demand for high-end wines like French and Rose wine may catapult by the increased use of social media and the influence of Western civilization.

Key Takeaways from Wine Market Report:

The global wine market expanded at a CAGR of 2.3% from 2018 to 2022.
The global market size stood at US$ 4,69,726.8 million in 2018.
In 2022, the global wine market accounted for US$ 5,13,678.80 million.
Organic wine segment is anticipated to dominate the market, registering a 17.5% CAGR from 2023 to 2033.
The United States wine market showcased a CAGR of 16.9% in 2022.
Wine market in India captured nearly 9.7% of global market shares in 2022.
The United Kingdom wine market registered a CAGR of 9.4% in 2022.

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Recent Developments Observed by FMI:

Provi, a well-known online retailer of alcoholic beverages, introduced additional product features in April 2023. The new features are intended to improve the effectiveness of the three-tier structure.
Ferrari Trento released three wines in March 2023 to commemorate this year’s three premier races. The inspiration for the three brand-new bottles came from the renowned racetracks in Las Vegas, Zandvoort, and Imola.
The largest wine producer in India, Sula Vineyards Ltd., launched its Initial Public Offering (IPO) in December 2022.
Star Winemaker introduced Snowden Cousins in August 2022. The Snowden Cousins wine brand is created to determine whether widespread wine bottle refilling may slow down climate change.

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Market Segmentation

By Type:

Sparkling Wine
Red Wine
Dessert Wine
White Wine

By Price Range:

Below US$ 5
US$ 5 to US$ 10
US$ 10 to US$ 15
Above US$ 15

By Nature:

Organic
Conventional

By Sales Channels:

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Pubs/Bars/Restaurants
Online Retailers
Others

About Future Market Insights (FMI)

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

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Sugar Alcohol Market: Projected to Reach US$ 4.59 Billion by 2033 with 4.2% CAGR Growth, Driven by Increased Consumer Demand for Low-Carbohydrate Alternatives

The sugar alcohol market is expected to generate US$ 3.31 billion in sales in 2023, according to Future Market Insights (FMI) recently released research report. By 2033, the market may potentially exceed a worth of US$ 4.59 billion. Market participants could estimate a CAGR of 4.2% over the forecast period.

The global sugar alcohol market is witnessing a remarkable upswing, driven by a convergence of factors that respond to the evolving preferences and health consciousness of consumers. Sugar alcohols, recognized as polyols, are organic compounds derived from sugars, including popular variants like sorbitol, xylitol, and erythritol.

The sugar alcohol market is not merely responding to current trends; it is shaping the future of sweeteners by offering healthier alternatives to traditional sugars. As consumers prioritize well-being and seek products with additional nutritional benefits, the demand for sugar alcohols is expected to continue its upward trajectory.

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The food and beverage end-user industry, where the bakery and confectionery maintain the lion’s share of the market, consumes the bulk of the polyol produced. Customers choose sugar-free food items due to the fast-paced lifestyle, which is likely to fuel the market expansion.

More people are buying sugar-free and low-calorie food items, which are predicted to increase the usage of sugar alcohol in various food items. Sugar alcohol is also widely utilized in the preparation of different food products, including bakery products, confectionery, beverages, and sweet spreads, since it has a lower calorie content than actual cane sugar.

The top businesses are producing fresh products with little or no sugar by employing sugar alcohol to give other goods the same texture and flavor, which is accelerating market expansion. Consumer desire for healthier substitutes for unhealthy elements in junk food, such as ice cream with protein, fewer calories, decadent flavors, and sugar alcohols, is on the rise. This demand is fueling the market expansion.

Sugar alcohols play a significant part in the entire formulation of pharmaceutical preparations as both an excipient and an active ingredient. Active pharmaceutical ingredients (API) for addressing constipation have traditionally included polyols. Polyols are often used as excipients in contemporary formulations, including consumer-friendly lozenges and chewable tablets.

The sugar alcohol market is dominated by Europe. The pharmaceutical industry share is higher in European nations. Given this, sugar alcohols are used to create tablets, syrups, and soft gels. For use in low-calorie confections and baked goods, sugar alcohols are highly sought-after in this region.

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Key Drivers of the Sugar Alcohol Market:

Health-Conscious Consumption: Sugar alcohols have emerged as a sought-after sugar substitute, offering a low-calorie and low-glycemic index alternative to traditional sugar. With a rising tide of health awareness, consumers are turning to sugar alcohols as a healthier choice.
Obesity and Diabetes Concerns: The increasing prevalence of obesity and diabetes is propelling the demand for sugar alcohols. As consumers become more aware of the health risks associated with excessive sugar consumption, the market is witnessing a shift towards healthier alternatives.
Functional Food Demand: Sugar alcohols are integral to the formulation of functional food and beverages, including energy drinks, protein bars, and dietary supplements. The growing demand for functional products aligns with the rising health consciousness among consumers.
Natural Sweetener Trend: In response to health concerns related to artificial sweeteners, consumers are gravitating towards natural alternatives like sugar alcohols. This trend is prompting food and beverage manufacturers to incorporate sugar alcohols into their formulations.
Low-Carb and Ketogenic Diets: The surge in popularity of low-carb and ketogenic diets, which restrict the consumption of high-carb foods, positions sugar alcohols as an attractive alternative. This is particularly evident in the bakery and confectionery industry, driving up demand for sugar alcohols.

COMPETITIVE LANDSCAPE

Top players operating in the sugar alcohol market are Tate & Lyle Plc., Archer Daniels Midland Company, DuPont, Cargill, Inc., BENEO GmbH, Roquette Freres, Ingredion Incorporated, Beckmann Kenko GmbH, Mitsubishi Shoji Foodtech Co. Ltd., Fraken Biochem Co. Ltd., A&Z Food Additives Co. Ltd., SPI Pharma, Lonza Group, Atlantic Chemicals Trading GmbH, and others.

These market players are actively involved in developing innovative products and expanding their production capabilities to cater to the increasing demand for low-calorie and natural sweeteners. They are investing heavily in research and development to create new sugar alcohol formulations that mimic the taste and texture of traditional sugars while providing a healthier alternative to consumers.

RECENT DEVELOPMENTS

In November 2022, ERYTESSETM Erythritol was introduced by Tate & Lyle PLC as a novel sweetener. This expansion broadens its capacity to assist clients in meeting consumer demand for healthier, sugar- and calorie-reduced goods owing to a distribution partnership deal with a top supplier of erythritol.
In April 2020, ERYSTA® Erythritol, a new polyol sweetener, was introduced by Ingredion EMEA. Manufacturers can accomplish nutrition-related claims, including “no added sugar” or “calorie-reduced,” by reducing or replacing sugar with sweetener in a variety of applications.

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Sugar Alcohol Market Key Segments

By Product Type:

Sorbitol
Xylitol
Maltitol
Lactitol
Erythritol
Isomalt
Mannitol
Others

By End-use Industry:

Food & Beverages
Pharmaceuticals
Others

By Application:

Bakery Goods
Sweet Spreads
Confectionery & Chewing Gum
Beverages
Dairy Products
Others

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
LinkedIn| Twitter| Blogs | YouTube