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Encapsulated Flavors & Fragrances Market Is Natural Appeal, Beverage Growth natural ingredients and beverage industry to attract investors

The global encapsulated flavors and fragrances market surged from US$ 3.99 billion in 2022 to an estimated US$ 7.1 billion by 2023, growing at APR of 5.5% to 2033. Due to the preservation of nutritional value and improvement of flavor, this rapid expansion was driven by increased demand from a variety of industries, most notably food and beverage.

The global market for encapsulated flavors and fragrances was predicted to grow significantly by 2022, reaching US$ 3.99 billion. Demand was anticipated to come from the food and beverage, cleaning products, and other industries. By 2023, it is expected to reach US$ 7.1 billion, growing at a compound annual growth rate of 5.5% until 2033. The capacity of encapsulated flavors to improve the flavor of foods made chemically while preserving their nutritional content is what is driving this expansion.

A recent report by Future Market Insights anticipated that the global market for encapsulated tastes and fragrances would be worth US$ 3.99 billion in 2022. The need for encapsulated flavors and fragrances in the food and beverage, cleaning products, and other end-use industries may be the reason for the market’s growth. It is anticipated to have produced US$ 7.1 billion by 2023, growing at a CAGR of 5.5% between 2023 and 2033.

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Chemically produced foods can have the flavours of fruit and vegetable sections without sacrificing their nutritional value, giving them a more natural appearance. Encapsulated flavour and fragrance manufacturers’ profit margins have shrunk as a result of increased demand from processors, retailers, and their private-label brands. Even though the market for encapsulated flavours and scents is growing as a result of the trend towards high-quality ingredients, there is still a demand for inexpensive tastes in the food and beverage industry.

The market has recently grown more well-known due to the rising demand for natural and authentic flavours and fragrances in a variety of end-use applications, including laundry detergents, home care products, and the food and beverage industry, including beverages, instant desserts (frozen food), and household care products. A wide range of meals and drinks contain flavouring additives. According to an estimate by FMI, the market for beverage flavourings is expected to expand dramatically over the next ten years. Sales of encapsulated tastes and scents will increase alongside those of beverage flavouring due to the rising demand for packaged beverages as well as sports and energy drinks.

Key Takeaways from this Market Study:

Over the five-year period from 2018 to 2022, the market for encapsulated flavors and fragrances expanded at a CAGR of 4.2%.
The most popular product category in 2022 will be flavor mixes of encapsulated tastes and scents, which will have a commanding share of around 57.1%.
The most popular manufacturing technique is mechanical, with a dominating share of over 78.7% in 2022.
In 2022, the market for encapsulated flavors and fragrances saw a maximum share of about 68.8% from the manufacturing of food and beverages.
In 2033, it is expected that the United States would have more than 88.5% of the market in North America.
In 2023, it is anticipated that the market for encapsulated tastes and fragrances in Germany will be worth US$ 475.9 million.

“The global market for encapsulated tastes is expected to develop as a result of rising health consciousness and the popularity of ethnic cuisine and beverages, which integrate the demand for spicier, hotter, and more dramatic flavors,” – remarks an analyst at FMI.

Competitive Landscape:

Manufacturers in the global market for encapsulated flavors and fragrances are concentrating on enhancing their online presence to reach a larger audience of customers. They spend money on research and development to find solutions that are affordable.

Prominent players in this market are:

Cargill Inc.
Firmenich Incorporated
Givaudan
Ingredion Incorporated
International Flavors and Fragrances (IFF)
Kerry Group
Royal DSM
Sensient Technologies
Symrise AG
Tate & Lyle PLC
Others

Some key developments of the leading companies in this market are:

EnVantec microencapsulation is employed by AIDP Inc., a firm that manufactures food and beverages. Non-GMO as well as vegetarian starch-based technology is used in this process. EnVantec is a clean label solution with outstanding stability over a 2-3 year period since the designed composition is devoid of preservatives as well as antioxidants.
Symrise inaugurated its largest single investment in May 2020 and also invested US$23.64 million in the development of a new flavoring and fragrance production facility in Nantong, China. Symrise is clearly indicating future expansion in the area with this investment.

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More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global encapsulated flavors and fragrances market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the encapsulated flavors and fragrances market, the market is segmented on the basis of encapsulated flavors and fragrances by product type (flavor blends, fragrance blends, essential oils & natural extracts), technology (mechanical, chemical), wall material (maltodextrin, corn syrup solid, modified cellulose), end-use (consumer goods, food, and beverage) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segmentation:

By Product Type:

Flavor Blends
Fragrance Blends
Essential Oils & Natural Extracts
Aroma Chemicals

By Technology:

Mechanical
- Emulsification
- Spray Drying
- Spray-Chilling/Cooling
- Fluidized-Bed Coating
- Centrifugal Extrusion
Chemical
Coacervation
Freeze Drying
Supercritical Fluid Technique
Nano Precipitation
Others

By Wall Material:

Maltodextrin (DE<20)
Corn syrup solid (DE>20)
Modified cellulose
Gum Arabic
Modified starch
Gelatin
Cyclodextrin
Lecithin
Whey protein
Hydrogenated fat
Others

By End-Use:

Consumer Goods
- Laundry Detergents
- Fabric Softeners and Scent Boosters
- Household Care
- Deodorants
- Oral Care
- Skin Cleansing & Care
- Hair Care (Shampoo & Conditioner)
Food and Beverage
- Chewing gum
- Baked Foods
- Confectionery
- Dairy Products
- Instant Desserts (Frozen Food)
- Food Flavors (Snack Food, Cereal, Oatmeal, etc.)
- Beverage & Instant Drinks & Tea
- Others

By Encapsulated Form:

Powder
Paste
Granules

By Process:

Micro-encapsulation
Nano-encapsulation
Hybrid-encapsulation
Macro-encapsulation

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Smart Pumps Market Trends: Industry Anticipating US$ 2,165.7 million by 2033

According to forecasts, the smart pump market is expected to be valued at US$ 1,021.9 million in 2023 and US$ 2,165.7 million by 2033.

The market is likely to have many opportunities to flourish due to the cheap cost of smart pumps. Due to its excellent quality and design, it is the most often used pump in the upcoming years.

The primary use of smart pumps is in smart cities. The functionality of the intelligent pumps is suitable for the infrastructure of smart cities, which enhances the sales of these pumps. Smart pumps are required for numerous applications, including energy production and wastewater treatment.

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Overall, it offers the smart pump business a substantial number of potential chances. Also, the smart pump is employed more frequently in various industries as more organizations move towards automation.

Future Opportunities

Smart pumps control energy flow depending on oil and gas industry demand by combining sensors, Variable Frequency Drives (VFDs), and Internet of Things capabilities.

The sensors gather and exchange data from utility management systems to monitor demand performance over time or automatically alter operations via the VFD. It lowers energy consumption and the total cost of ownership for the pump system, improving system efficiency and global demand.

Key Takeaways

By 2033, the smart pump market in the United Kingdom is likely to expand, with a CAGR of 6.1%.
In 2022, the United States developed the smart pump business with a share of 24%.
The smart pump market grew considerably to US$ 947.6 million in 2022.
The smart pump sector expanded at a CAGR of 5.7% from 2018 to 2022.
By 2033, China’s smart pump market is projected to develop with a CAGR of 8.7%.
By 2033, India’s smart pump industry is projected to develop with a CAGR of 9.3%.
Japan’s smart pump industry is expected to expand significantly, with a 3.9% share in 2023.
Australia’s smart pump sector is expected to expand, with a share of 0.6% in 2023.
In 2023, the centrifugal segment is likely to dominate the market, with a share of 64.2%, based on pump type.
In 2023, the water and wastewater treatment segment is likely to dominate the market, with a share of 23.4%, based on end users.

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Competitors Winning Strategies

Key manufacturers in their active regions, like Wilo SE, Grundfos Holdings, Sulzer, Wanner International, Flowserve Enterprise, and others, are in the market. Due to its longstanding presence in the sector and the optimum functional potential of its portfolio, the ABB Group is also anticipated to have a large market share.

Recent Developments:

A smart pump maintenance agreement for saltwater lift pumps based on the Norwegian Continental Shelf was announced by Framo and Aker BP in March 2020. The six-year deal, extended by six years, continues a pilot agreement started in 2018 by industrial AI Software-as-a-Service (SaaS), the producer Aker BP, and pump provider Framo.
Grundfos announced the opening of their Distributed Pumping System in Thailand in October 2021. The technology lowers the energy needed to cool big commercial buildings by up to 50%, significantly decreasing operational costs and assisting Thai businesses in achieving their sustainability objectives. The pumping system uses intelligent circulator pumps, MAGNA3, and TPE3 pumps, as well as decentralized pumping, to improve energy efficiency in cooling systems.

Battery Operated Lights Market: Expected Growth with 10.3% CAGR by 2032

The battery operated lights market is expected to see significant growth, with a projected Compound Annual Growth Rate (CAGR) of 10.3% throughout the forecast period. Starting from a valuation of US$ 101.5 billion in 2021, it is anticipated to reach a value of US$ 300 billion by the year 2032.

Key Dynamics to the Battery Operated Lights Market Share

The demand for battery-operated lights is rising due to the increasing popularity of portable lighting solutions.
Energy efficiency is another significant factor driving the demand for battery-operated lights in the market.
Advancements in the lighting sector, particularly in intelligent lighting and LED technology, are directly influencing the demand for battery-operated lights.
Battery-operated lights are gaining popularity in the market due to their energy efficiency and competitive pricing.
Manufacturers are introducing new models of battery-operated lights with innovative features such as active heat protection, flicker-free smooth dimming, and enhanced optical systems to meet consumer preferences and demands.

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Battery Operated Lights Market: Overview

Battery operated lights are the efficient option of lighting that do not need direct wiring. Battery operated lights often considered as energy efficient lights with simple installation and set-up process. These lights can be used inside home to illuminate or can be used in stairs or outside area of the house.

There is also significant usage can be seen in commercial places or shops. These lights are portable, easy to install at any place which is the primary reason for its popularity. Battery operated lights also used as permanent and temporary lighting. Some battery operated lights which are fixed or mounted on wall or ceiling are permanent and lights are used as seasonal or festive lights which are temporary lights.

The demand for battery operated lights are growing due to its energy efficiency, portability and easy installation. Technological advancement in lighting sector also helps in demand generation for battery operated lights. These lights can be used in home, office, car, camper etc.

LED lights?are primarily used in most cases for battery operated lights. The wireless battery operated lights are now in trend and attracts the attention of consumers in the lighting category. Growing demand for wireless technology has also give a boost to the wireless battery operated light segment.

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Battery Operated Lights Market: Regional Outlook

The battery operated lights market is expected to perform a steady growth across all the geographies during the forecast period. Use in residential and commercial segments are likely to push the sales of battery operated lights market. Moreover, availability on e-commerce sites also drive the sale of battery operated lights.
North America and Europe holds a significant share of battery operated lights market due to better technology infrastructure, growing awareness about energy efficiency, government’s initiative and incentive schemes drive the battery operated lights market in developed regions. Government’s offer on incentives and rebate scheme on replacement of traditional lamps with LED products further boost the battery operated lights market.
The federal government of United Sates offers this number of incentives and government rebates while Europe has also taken initiative as Europe 2020 plan as European Union’s energy policy. Emerging countries such as China, India have larger population in comparison to other countries. China’s Elcoma visison 2020 and India’s UJALA scheme are the initiatives taken in this way. These initiatives or approaches to promote LED lighting further boost the battery operated lights market.

Battery Operated Lights Market: Key Players

Some of the key players operating in the global battery operated lights market Philips, General Electric, QTOP USA, MR Beams, BelloLite, American Lighting, Inc., Lighting EVER (Home EVER Inc.), S4Lights, and Others

Recent developments of the Battery Operated Lights Market

Hubbell Control Solutions announced the release of the NX Distributed Intelligence Lighting Control Panel (NXP2 Series) in March 2021, which centralises connection points in an enclosure and provides an installer-friendly solution that reduces time and costs to deploy code compliant lighting control.
Hubbell Lighting established a cooperation with LightAZ, a luminaire manufacturing firm based in Illinois, in March 2021.
Leviton unveiled a new range of Decora Motion Sensors in March 2021, with better detection capabilities for precise switching, to give users with optimal lighting and motor load control.

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Key Segmentations

The battery operated lights market is segmented into different parts based on the technology, product price, end use, and sales channel.

On the basis of technology

Fluorescent
Incandescent
LED

On the basis of pricing

High Range
Mid-Range
Economical

Based on end use

Residential
Commercial

On the basis of the sales channel

Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Independent Small Stores
Multi-Brand Stores
Online\

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.

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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Bicycle Tire Market Demand to Hit US$ 14.6 billion by 2033, Driven by 6.4% CAGR

According to the latest report by Future Market Insights, the Bicycle Tire Market Demand is projected to witness substantial growth, with a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033. The market is expected to achieve a valuation of US$ 7.8 billion in 2023, and by the year 2033, sales of bicycle tires are anticipated to soar to US$ 14.6 billion.

The bicycle tires market has grown considerably in the past decade, owing to increased bicycle ownership as a consequence of the discovery of sustainable alternatives to traditional fossil-fuel-driven automobiles, which is boosting bicycle sales. Bicycle tire businesses are introducing a number of creative offerings to broaden market penetration, ranging from tubeless tires to hybrid bikes.

Their efforts are bearing fruit, with the market registering a significant increase in the upcoming forecast period. The emphasis is on technological advancements that help to provide a more user-friendly experience by outfitting bikes with enhanced safety features.

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Future Market Insights (FMI), an ESOMAR-certified market study and consulting firm, offers enhanced forecasts for the bicycle tire market in its new report.

Key Takeaways:

The global market is expected to be worth $7.8 billion in 2023.
Over the historical period, the global market grew at a CAGR of 6%.
By the end of 2023, a valuation of nearly $150 million is expected.
South Asia and the Pacific are set to be the fastest-growing bicycle tire markets, with annual growth rates exceeding 5.6% through 2023.
The German bicycle tire market is expected to reach $175 million by the end of 2023.

“As technology advances in the electrification of two and three wheelers, cars, and buses, their market is expanding at an exponential rate. Ambitious announcements regarding policy have been extremely beneficial in stimulating the rollout of electric vehicles in lucrative markets.” says an FMI analyst.

Competitive Landscape

Some of the market’s strongest competitors are making investments in studies and research (R&D) in order to facilitate the provision of an extensive selection of leather manufactured in a variety of colors and substances for a variety of applications. Companies hope to keep up with the changing environment by doing so. For instance,

Vittoria presented the Corsa Pro, a tubeless-ready clincher tire for road bicycles that it illustrates as “the most advanced cotton road tire ever made” in May 2023. The tire was created with Vittoria’s most recent graphene and silica substance, which integrates the organization’s Graphene research-applied insight with silica to provide faster acceleration, puncture resistance, and grip on edges and on slippery terrain.
In May 2023, the P Zero Race 4S, Pirelli’s all-around race tire, is currently tubeless-ready and set for the ship. For those who are inexperienced the tire falls somewhere between the full-on race-focused P Zero TLR and the high-performance training-focused Cinturato Velo.

Top Key Companies in Bicycle Tires Market

Cheng Shin Rubber Ind Co., Ltd.
HUTCHINSON
Trek Bicycle Corporation
The Goodyear Tire & Rubber Company
Specialized Bicycle Components
MICHELIN
Mitas
Pirelli & C. S.p.A.
Giant Bicycles
Continental AG

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Bicycle Tires Market

By Bicycle Type

Mountain
Hybrid
Electric
Comfort
Youth
Cruiser
Road

By Product Type

Tube Tire
Tubeless Tire
Solid Tire

By Tire Size

Upto 12 inch
12 to 22 inch
Above 22 inch

By Sales Channel

OEM
Aftermarket

About Future Market Insights (FMI)

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 on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Abdominal Closure Systems Market Poised for Explosive Growth is forecasted to reach over US$ 293.72 Million by 2032 Fueled by Rising Laparoscopy and Trauma Cases

The global abdominal closure systems market is on track for remarkable expansion, driven by a surge in laparoscopic procedures and an increasing number of trauma cases, according to a new report by Future Market Insights (FMI). The market, valued at US$ 125.97 million in 2022, is expected to reach US$ 293.72 million by 2032, reflecting a robust Compound Annual Growth Rate (CAGR) of 8%.

Rising Demand for Effective Solutions in Abdominal Trauma Management:

The report highlights the growing prevalence of abdominal compartment syndrome, a condition that increases pressure within the abdomen, disrupting patient homeostasis and potentially damaging internal organs. Abdominal closure systems play a vital role in addressing this complication. Additionally, the increasing number of laparoscopic surgeries and trauma cases are propelling the market forward.

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Novel Systems Offer Promising Advancements:

The report explores the limitations of traditional open abdomen management techniques like damage control laparotomy and decompressive laparotomy. These procedures, while lifesaving, can leave patients with open abdominal cavities.

However, the future appears bright with the introduction of innovative solutions like the ABRA system by Canica. This FDA-approved system utilizes a progressive tension system to manage open abdomens, aiming for primary closure restoration through dynamic reduction of abdominal wall defects.

Synergy with Minimally Invasive Techniques Drives Market Growth:

The growing preference for minimally invasive surgeries like laparoscopy is another key factor propelling the market. Abdominal closure systems are increasingly employed to address trocar and port site closures following laparoscopic procedures. Technologies like neoClose offer superior outcomes compared to conventional closure methods, further fueling market expansion.

Leading Players and Future Outlook:

FMI’s report identifies Teleflex and Medtronic as frontrunners in the abdominal closure systems market. The report also emphasizes the growing adoption of self-anchoring systems for trocar sites, eliminating the need for retrievers or graspers.

With its comprehensive analysis and expert insights, FMI’s report, titled “Abdominal Closure Systems Market,” provides a valuable roadmap for stakeholders in this dynamic market. The report’s 360-degree view, encompassing primary, secondary, and tertiary research methodologies, empowers informed decision-making for future growth.

Key Takeaways from Abdominal Closure Systems Market:

North America and Europe are at the matured stage of abdominal closure systems market. This could be attributed to rising adoption of advanced technology with respect to healthcare spending.
Coming to the Asia-Pacific, countries like India and China are witnessing rise in the number of cases pertaining to trauma along with increasing frequency of laparoscopic surgeries.

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Competitive Systems:

Baxter International is shelling out a large chunk of money regarding research in this field; so as to obtain a competitive edge.
Medtronic has its absorbable sutures, nonabsorbable sutures, and V-Loc Wound Closure Device – barbed sutures.

What does the Report say?

The report is categorized based on product type (laparoscopic abdominal closure devices and traction system), by indication (trauma surgery, laparoscopy, and transplantation surgery), and by end-use (hospitals, ambulatory surgical centers, and trauma & emergency centers).
With devices like dynamic tissue systems and ABRA abdominal doing the rounds, the global abdominal closure systems market is expected to go great guns in the forecast period.

Key Companies Profiled:

ACell Inc.
neoSurgical
Teleflex Incorporated
Medtronic

Key Segments Profiled in the Abdominal Closure Systems Market Survey:

By Product Type:

Laparoscopic Abdominal Closure Devices
Traction System

By Indication:

Trauma surgery
Laparoscopy
Transplantation Surgery

By End Use:

Hospitals
Ambulatory Surgical Centers
Trauma & Emergency Centers

By Region:

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

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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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Nandini Singh Sawlani

The citrus fiber market offers a refreshing opportunity for investors Up to US$ 211.3 million by 2033 Clean-Label Movement & Stable Market Growth

Between 2023 and 2033, the citrus fibre market is anticipated to expand gradually at a 5.7% CAGR. The market is expected to grow from its Sales in 2023 were US$ 120.8 million, with a projected market share of US$ 211.3 million by 2033.

Citrus fiber is now usable in an industrial context because of new fiber enrichment technology. Citrus fiber is also recommended to customers due to its non-chemically altered products. In order to avoid using chemicals, beverage producing businesses are very interested in natural citrus fiber.

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Better skin and clearer blood are other merits of citrus fiber, along with its application in pharmaceuticals. Vendors process the citrus with advanced technologies that involve mixing, milling, heating, and drying. The advanced procedure also works in the direction of limiting the waste to the minimum while creating opportunities for other industries to use pure citrus fiber. From soluble to insoluble, citrus fiber provides clean label ad nutritive properties to baked goods.

The major application of citrus fiber in creating beverage ingredient solutions as it provides high water-holding capacity and emulsification properties to deliver a sustainable process and composition also helps the market growth.

Key Points

The US market is the biggest space for the pet care industry and is anticipated to cross a value of US$ 40.8 Mn by 2033. The regional market is expected to thrive at an elevated 5.9% between 2023 and 2033.
The South Korean market thrives at the highest CAGR of 6% during the forecast period. The market is likely to reach a value of US$ 5.5 Mn by 2033.
The food grade segment is likely to thrive in the grade category because of the higher consumption of citrus fiber in various food cuisines and packaged items. It is expected to thrive at a CAGR of 4.8% during the forecast period.
The orange segment thrives the highest in the source type segments, with a CAGR of 5.5% between 2023 and 2033, while it thrived at a lower CAGR of 4.3% during the historical period.

Competitive Landscape

Key competitors focus on delivering the most organic citrus fiber to industrial end users. The wide range of applications pushes vendors to adopt techniques to deliver a better and dimension-specific proportion of citrus fiber solutions. Key players in the market are Fiberstar, Inc, CEAMSA, CP Kelco, Inc, Herbafoods Ingredients GmbH, Florida Food Products, Inc, Lemont, Golden Health, FUYAN PHARM (Henan), Inc, Nans Products, and Cifal Herbal Private Ltd.

For instance:

Herbafoods Ingredients GmbH has extended its product chain by introducing 100% citrus fiber that is textured, stabilized, and emulsified. The product comes with fruit-specific flavour and aroma and moderate water-binding capacity.
CP Kelco, Inc has introduced its nature-based raw citrus fiber named NUTRAVA, which is clean label-friendly citrus for multi-industrial usage.

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Key Segments

By Grade:

Food Grade
Pharmaceutical Grade
Cosmetic Grade

By Source:

Orange
Tangerine/Mandarins
Grapefruit
Lemons and Lime

By Application:

Bakery
Desserts and Ice-cream
Sauces & Seasonings
Meat & Egg Replacement
Beverages
Flavorings & Coatings
Snacks & Meals
Personal Care
Pharmaceutical
Other Application

By Function:

Water Binder & Fat Replacer
Thickening Gums
Gelling Gums
Others

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Automotive Glass Market Poised for Steady Growth, Reaching US$ 5.70 Billion by 2033

The automotive glass market is anticipated to secure a valuation of US$ 3.85 billion in 2023 and is estimated to rise to US$ 5.70 billion by 2033. The market is securing a CAGR of 4% during the forecast period.

Government-Imposed Stringent Safety Norms to boost the Automotive Glass Market

The implementation of stringent safety norms by the government can have a positive impact on the automotive glass market. The automotive industry is highly regulated in terms of safety standards, and the use of high-quality glass is an important aspect of ensuring the safety of passengers.

Governments may impose regulations requiring automakers to use specific types of glass, such as laminated glass, designed to resist impact and prevent shattering. These types of glass can help reduce the risk of injury in the event of an accident, making them essential components of modern vehicles.

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The increasing demand for advanced driver assistance systems (ADAS) in vehicles has also boosted the demand for high-quality automotive glass. ADAS technologies such as lane departure warnings, and blind spot detection rely hugely on sensors and cameras that require clear, high-quality glass to function properly.

Overall, implementing stringent safety norms can help increase demand for automotive glass and ultimately lead to safe vehicles on the road.

Key Takeaways:

The automotive glass market is registering to have a valuation of US$ 5.70 billion by 2033.
With a CAGR of 4%, the global market is increasing during the forecast period.
The market in the United States dominates the global market by capturing a maximum share through 2033.

Who is Winning?

There are several competitive players in the automotive glass market, each playing strategic role in the industry. Here are some of the key players:

Saint-Gobain S.A.: One of the leading players in the automotive glass market, Saint-Gobain S.A. is a French multinational company that produces a wide range of glass products, including automotive glass. The company’s strategic focus is on innovation and sustainable development.
AGC Inc.: AGC Inc. is a multinational glass manufacturing company in Japan known for producing high-quality glass products. The company strongly focuses on research and development and constantly works to improve its products and processes.
Nippon Sheet Glass Co., Ltd.: Nippon Sheet Glass Co., Ltd. is anotherglass manufacturing company in Japan that produces various glass products for the automotive industry, including laminated and tempered glass. The company’s strategic focus is on global expansion and growth.
Fuyao Glass Industry Group Co., Ltd.: Fuyao Glass Industry Group Co., Ltd. is a glass manufacturing company in China that produces a wide range of automotive glass products, including laminated glass. The company focuses on vertical integration and improving its supply chain efficiency.
Guardian Industries Corp.: Guardian Industries Corp. is a multinational company in America that produces a range of glass products, including automotive glass. The company’s strategic focus is on innovation and developing new products that meet the evolving needs of its customers.

Other Prominent Players in the Market are:

A.G.C. Inc., Nippon Sheet Glass Co. Ltd., Saint-Gobain Sekurit, Fuyao Glass Industry Group Co. Ltd., Pilkington Automotive Limited (N.S.G. Group), Central Glass Co. Ltd., Guardian Industries Corp., Vitro, S.A.B. de C.V., Xinyi Glass Holdings Limited, Gentex Corporation, Magna International Inc., Webasto Group, Shenzhen Benson Automobile Glass Co. Ltd., Splintex Distribution AG, Carlex Glass America L.L.C.

Recent Developments in the Global Market:

In 2021, Saint-Gobain S.A. announced the launch of a new range of automotive glass products designed to reduce vehicle weight and improve fuel efficiency. The company also announced plans to acquire Continental Building Products, a leading gypsum wallboard and finishing product manufacturer.
In 2021, AGC Inc. announced that it had developed a new glass technology capable of blocking up to 99% of harmful U.V. rays. The company also announced plans to invest in a new glass production facility in the United States.
In 2021, Nippon Sheet Glass Co., Ltd. announced that it had developed a new type of glass capable of absorbing U.V. light and reducing the amount of heat entering a vehicle. The company also announced plans to expand its production capacity in China.
In 2021, Fuyao Glass Industry Group Co., Ltd. announced that it had acquired a controlling stake in AGC Automotive Induver Morocco, a leading automotive glass manufacturer in North Africa. The company also announced plans to expand its production capacity in the United States.
In 2021, Guardian Industries Corp. announced that it had developed a new glass technology capable of blocking up to 99% of harmful U.V. rays. The company also announced plans to invest in Poland’s new glass production facility.

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Automotive Glass Market by Category

By Glass Type:

Laminated Glass
Tempered Glass

By Application:

Windshield
Back Glass
Door Glass
Quarter Glass
Vent Glass
Moon/Sun Roof

By Vehicles Type:

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles

By Sales Channel:

OEM
Aftermarket

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)

Author

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

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

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

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

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Nandini Singh Sawlani

Wireless Telecommunication Services Market Targets US$ 2705.6 Million by 2032 with 7.5% CAGR

The wireless telecommunication services market is also anticipated to increase at a healthy CAGR of 7.5% between 2022 and 2032, reaching a value of roughly US$ 2705.6 Million by that year due to the growing usage of wireless telecommunication services across various industries.

The wireless transmission or reception of electromagnetic signals is referred to as wireless telecommunication services. It involves data transfer or telecommunication in which electromagnetic waves, rather than wires or cables, carry signals over all or a portion of the data communication path.

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One of the global industries with the fastest growth over time is wireless telecommunication services. Customers can send and receive messages via electronic means by using wireless telecommunications services.

Global Wireless Telecommunication Services Market: Drivers and Challenges:
With the increasing adoption of advanced technology-based solutions and services, organizations are opting for IoT to make their operation more efficient, and easy to access. Infrastructural advancement from smart homes to various other hospitality renovations showcases the potential for the application of wireless telecommunication services.

Enterprises deploying digital solutions and seeking cost-effective and more accurate services are among the other factors expected to drive the growth of the global wireless telecommunication services market.  Innovation through partnerships among various sectors is expected to fuel the growth of the global wireless telecommunication services market during the forecast period.

The rising adoption of smartphones and apps offering mobile services is anticipated to drive growth in revenue to the global wireless telecommunication market during the forecast period. Consumers opting for wireless connection rather than landlines are among the trends in the global wireless telecommunication market.

Enhanced speed of wireless connections at affordable prices continues to encourage the adoption of wireless telecommunication services among the population.

Who are the Key Players in the Global Wireless Telecommunication Services Market?

Some of the key players in the wireless telecommunication services market are

Intelsat SA
AT&T, Inc.
T-Mobile USA, Inc.
Iridium Communications Inc.
NTT DOCOMO Inc.
Softbank Telecom Corp.
China Mobile Limited
Hawaiian Telcom
U.S. Cellular
New-Cell, Inc
dba Cellcom
Rogers Communications among others.

The leading providers of wireless telecommunication services are continuously focusing on improving their services and bandwidth. They have adopted various strategies such as partnerships, collaborations, acquisitions, and mergers to gain a competitive edge in the market.

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Global Wireless Telecommunication Services Market: Regional Outlook:
Based on the geographic region, the wireless telecommunication services market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific excluding Japan, and the Middle East & Africa. North America held the largest revenue share in the wireless telecommunication market followed by Europe, and Asia Pacific owing to major technology providers based out in this region, and easy adoption of these technologies by the population in the regions.

The other nations in Japan, the Middle East and Africa, and Latin America hold significant potential for growth in the wireless telecommunication services market, with rising demand for wireless telecommunication services owing to the better convenience of using wireless technology. Moreover, advancements in telecommunication services with better connectivity and bandwidth are some of the factors that strengthen the growth of the wireless telecommunication services market throughout the forecast period.

Wireless Telecommunication Services Market Segmentation:

By Services Type:

Voice Services
Data Services
Texting Services
Others

By Application:

Smart Homes
Medical & Healthcare
Hospitality
Manufacturing
Automotive & Transportation
Retail (supply chain)
Agriculture
Military & defense.

By Region:

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

About Future Market Insights (FMI):

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

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Nandini Singh Sawlani

Window Air Conditioner Market: Growth Expected at 5.7% CAGR Between 2024 and 2034

In 2024, the global market for window air conditioners is predicted to reach a value of US$ 35.49 billion. Between 2024 and 2034, it is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 5.7%. By 2034, the market is expected to expand further to US$ 61.79 billion, presenting significant growth opportunities for industry players.

Key Trends Influencing the Window Air Conditioner Market

The global market for smart window air conditioners is experiencing significant growth, driven by the convenience and control they offer.
Smart AC units come equipped with features such as remote control, programmable settings, and integration with smart home systems, which are appealing to consumers.
The convenience of remote control allows users to adjust temperature settings, fan speed, and other functions from anywhere, enhancing comfort and usability.
These advanced features are generating consumer interest and driving the demand for smart window air conditioners.
The booming market for smart AC units reflects the growing preference for technologically advanced and convenient cooling solutions among consumers.

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A primary application of window-type air conditioners is highly witnessed in the residential sector, along with that, the particular sector is expected to create lucrative opportunities for market players to expand their window air conditioners’ market share.

Technological advancements are affecting every industry, including the window air conditioner market, positively, thereby driving the demand for window air conditioners to a considerable extent. Furthermore, window air conditioners are now Wi-Fi enabled for smart operation. This factor could fuel the growing demand for window air conditioners.

Key Takeaways

Several advancements have been witnessed in the global window air conditioners market over the recent years resulting in increasing infrastructure development, especially in real estate projects, including both residential and commercial sectors, all driving the sales of window air conditioners.
With a significant rise in the growing disposable income, it may also have played an eminent role in augmenting the sales of window air conditioners, in turn, expanding the window air conditioners market growth. Furthermore, growth in tourism and hospitality sectors and extreme climatic conditions are also surging the sales of window air conditioners worldwide.
In the past few years, the global window air conditioners market saw a major setback but gradually the market has revived at an impressive pace, and this has resulted in an increase in demand for window air conditioners.
The global sales of window air conditioners are predicted to bolster over the assessment years as environmental concerns and energy efficiency have led to the trend for star labeling and standardizing the window air conditioners.
There are various factors such as rising consumer preference for energy-efficient systems and the growing popularity of portable systems are expected to positively impact the demand for window air conditioners.
Besides all the positives, the price and limitation of space might be some of the challenges for the demand for window air conditioners as well as sales of window air conditioners shortly.
The global sales of window air conditioners across the world are primarily fueled by the introduction of technologies such as the Internet of Things (IoT) enables digital connectivity to a wide range of appliances.
In the era of advanced technology, a mobile application can be utilized to control a window air conditioner. Moreover, these technological advancements could be game changers for the sales of window air conditioners, in turn, the overall growth of the window air conditioners market.

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Competitive Landscape

The window air conditioners market is known to be highly competitive, studded with dominant players in order to get an edge over the market among others. The prominent market players strive to incorporate innovative features such as reduced-noise mode and low power consumption into their products to increase their window air conditioners’ market share.

Some of the key players are focusing on mergers and acquisitions, collaborations, joint ventures, and partnerships that are all taking place in the window air conditioners market. These activities enable players to gain more clout among many other players.

Key Companies in the Window Air Conditioner Market

Daikin Industries, Ltd.
Mitsubishi Electric Corporation
Panasonic Corporation
LG Electronics Inc.
Gree Electric Appliances, Inc. of Zhuhai
Samsung Electronics Co., Ltd.
Hitachi, Ltd.
Whirlpool Corporation
Haier Group Corporation
Electrolux AB
Carrier Global Corporation
And More…

More Insights into the Window Air Conditioners Market

Among various regions, Asia Pacific, excluding Japan, is predicted to propel at an impressive growth rate because the region is often considered a price-sensitive market. Furthermore, rising mercury levels in countries such as India, and rising disposable income among the populace, may cater to the regions’ large window air conditioners market share.

Author

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Revving Up: Japan to Lead Luxury Vehicle Market in Automotive Performance Parts, Interior Segment to Dominate

According to forecasts, Japan automotive performance parts market is expected to hold the largest market for luxury vehicles in terms of automotive performance parts. As audio/video devices, gauges, switches, and audio/video devices become more prevalent in cars, the interior segment is predicted to dominate the market. With disposable incomes rising across the globe, the market for automotive performance parts is expected to grow rapidly during the forecast period.

E-commerce ecosystems have been rapidly expanding across the globe, particularly in developing countries. As a result of these affecting factors, many automotive performance parts suppliers have begun to strategize on how to sell the products online. As a result of rapid changes in lifestyle and consumer desire for innovative products based on technological advances, consumer expectations have increased over the past few years. As performance parts for automobiles are readily available, they are more appealing than ever on the internet.

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Automotive performance parts sales will rise in the coming decade due to increasing demand for better-performing vehicles and an increase in vehicle owner investment in repairs and maintenance. The development of the automobile industry, reforms within emerging economies, and the increasing availability of private equity funds are all anticipated to boost spark plug sales in the near future. EV demand and carbon reduction demand are expected to grow the market for automotive performance parts in this region.

Japan’s auto industry has been enhanced by the rapid growth of the electric vehicle market. International Energy Agency figures indicate that 6.6 million electric vehicles were sold in 2021, representing 8.6% of all vehicles sold – an increase of threefold over the previous year. With the increasing demand for high-end cars in this region, it is expected that the market for automotive performance parts will grow in the market. Increasing demand for luxury interiors and customizations are expected to drive automotive performance part sales in the future.

The automotive industry contributes 89% of Japan’s manufacturing, and auto part suppliers have expanded into chemicals and rubber to become major economic players in the market. Japanese automakers created keijidsha, or light vehicles, also referred to as Kei cars, to accommodate Japan’s limited space, aging population, and increasing number of single-person households. The smaller size of these cars makes them more affordable and allows them to be more easily navigated through Japanese cities. These factors are likely to fuel a significant increase in the demand for automotive performance parts in the near future.

Key Takeaways

Automotive performance parts are expected to generate US$ 339.32 Million in revenue by 2022.
Aftermarket sales of automotive performance parts will make up the majority of total sales by 2032.
A combined market share of 7.7% will be held by Japan and South Korea in global markets.
A market shares of around 21% is predicted for Japan in East Asia by 2022.
According to the forecast, the market demand for light commercial vehicles is expected to grow in the coming years.

Competitive Landscape

Manufacturers are creating specialized performance parts for vehicles to increase operating efficiency and conform to legal requirements. Innovating high-performance automotive parts is a key focus of companies, which will provide the market with a high growth opportunity to the manufacturers in the market.

Leading companies operating in the automotive performance parts market are

Tenneco Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Mahle GmbH, Donaldson Company Inc., Holley Performance Products, Mitsubishi Heavy Industries, Ltd., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, Hyundai Mobis,

Recent Developments

Apio is a well-known Japanese brand that offers high-performance accessories for Suzuki Jimny cars. This company produces custom parts for Suzuki Jimny cars and has grown to become one of Japan’s most renowned parts makers. As a result of its tremendous success, the Suzuki Jimny has become a household name in Japan and internationally. A variety of premium-quality Japanese performance parts have been introduced to Suzuki’s various Jimny models as part of the company’s continuous product development. Japanese Auto World provides customers with ALL APIO performance parts.

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Key Segments

By Product Type:

Exhaust Systems
- Headers
- Mufflers
- Oxygen Sensors
- Exhaust Pipes
- Catalytic Converters
Suspension Parts
- Suspension Bushing
- Sway Bars
- Shock Absorbers
Brakes
- Brake Pads
- Brake Rotors
- Brake Caliper
- Brake Lines
- Brake Master Cylinders
- Vacuum Pumps
Fuel Air & Intake Systems
- Air Filters
- MAF Sensors
- Intake Manifold
- Throttle Bodies
- Fuel Filters
- Spark Plugs
- Fuel Injectors
- Fuel Pumps
Transmission Parts
- Clutch Pressure Plates
- Flywheels
- Torque Converters
- Clutch Linkage
Power Adders
- Turbochargers
- Intercoolers
- Nitrous Oxide Systems
- Superchargers

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

First Fit
Aftermarket

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified 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 on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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