Market Research Blog – Page 3469 – New Product Development

Cannabis Beverages Boom Upto US$ 5.9 billion in 2033 at 17% CAGR Fueled by CBD & Evolving Consumer Preferences & Legalization Trends | FMI

Explosive growth in the Cannabis Beverages Market is caused by evolving consumer preferences and legalisation trends. Sales are expected to grow from $1.2 billion in 2023 to $5.9 billion in 2033 at a 17% CAGR. The increasing popularity of non-psychoactive CBD-infused beverages is being driven by advertisements supporting the use of marijuana for both medical and sports purposes.

The cannabis beverage business has expanded astronomically as a result of the increasing legalisation of cannabis and changes in consumer preferences. Due to the industry’s explosive growth, both established businesses and innovative entrepreneurs have shown a significant deal of interest. These drinks with added cannabis provide a range of options to satisfy the needs of both recreational and therapeutic consumers.

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The consumption of cannabis beverages is projected to increase at a CAGR of 17.00% over the projected time period. According to market analysts, cannabis beverage sales are expected to rise from US$ 1,227.3 million in 2023 to US$ 5,899.5 million in 2033.

Consumer demand for CBD-infused goods has increased as a result of public campaigns to legalise marijuana for use in sports and medicine. Because it has no psychotropic effects, customers are growing more and more fond of beverages infused with cannabidiol (CBD).

Companies that make cannabis drinks have entered the market to meet the growing demand for CBD products. Sporting marijuana use is far superior to medicinal marijuana use when it comes to illegal use.

Declining sales of alcohol and soda pop reflect a shift in consumer preferences for reviving beverages. Through joint spending on R&D and the introduction of new products, alcohol organisations are collaborating to gain a larger share of the entire business.

The dominant competitors in the market employ a variety of strategies to solidify their position as the leading businesses. One such effective tactic for increasing brand respect among consumers is purchasing businesses. After thoroughly reviewing an in-depth analysis of the market and its interest group, another crucial tactic is to sporadically present historical materials.

Key Takeaways from Market Study

Cannabis beverages with CBD as an ingredient saw the most substantial rise of 17.8% in 2021 due to CBD’s non-psychoactive qualities.
A non-alcoholic segment captures around 50.1% of the market as non-alcoholic cannabis beverages such as teas, drops, and elixirs, among others, are more popular among customers looking for healthy drinks.
The highest market revenue (USD 527.83) for cannabis beverages is obtained by North America, which also commands the top spot in the industry due to favorable governmental policies.
A noticeable increase in cannabis tourism across the country is expected to boost demand for these products even more. The European market is anticipated to represent 41% of the worldwide platform in the next years. Cann, a cannabis-infused beverage company, sells 150,000 units and raises $5 Mn in funding due to its diversification in product offerings.

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Competitive Landscape

The dominant competitors in the market employ a variety of strategies to strengthen their position as the industry’s top businesses. One such effective strategy is the acquisition of businesses to increase brand value among consumers. Intermittently offering ground-breaking products after doing a thorough analysis of the market and its target audience is another crucial tactic.

For instance, Molecule Holdings Inc. launched Molecule Crafted, a line of specialty beverages with cannabis infusions, in Canada in April 2021. These cannabis beverages have little calories and come in a variety of exotic and potent flavours.

Some of the Key Players Operating in Cannabis Beverages Industry Include:

Canopy Growth Corporation (Canada)
The Cronos Group (Canada)
Tilray. (US)
Hexo (Canada)
CannTrust (Canada)
Aurora Cannabis Inc. (Canada)
GW Pharmaceuticals plc. (UK)
VIVO Cannabis Inc. (Canada)
Alkaline88, (US)
NewAge Inc. (US)
Cannara. (Canada)
Dixie Brands (US)
KANNAWAY LLC. (US)

Latest Developments in the Cannabis Beverages Industry

In August 2021, Cann, a California-based producer of THC beverages, announced the release of Passion Peach Mate, a unique and exclusive caffeinated cannabis beverage. The producer created this line of products to give consumers who are looking for alternatives to alcoholic beverages all-natural caffeine with a trace amount of THC.

Key Segments Covered in the Cannabis Beverages Industry Report

By Type:

Alcoholic
Non-Alcoholic

By Component:

Cannabidiol (CBD)
Tetrahydrocannabinol (THC)

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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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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Ink Receptive Coatings Market: Anticipated 4.4% CAGR Towards $1,932.5 Million by 2033

In 2023, the ink receptive coatings market is expected to be worth US$ 1,256.4 million. The market is expected to reach US$ 1,932.5 million by 2033, expanding at a 4.4% CAGR throughout the forecast period. Ink-receptive coatings are used in various applications where high-quality printing is required. These coatings enhance ink adhesion, color vibrancy, print resolution, and durability on different substrates.

Ink receptive coatings are primarily used in printing applications such as digital printing, flexography, gravure printing, and screen printing. They are applied to a wide range of substrates including paper, plastic films, metal, glass, and textiles. The coatings provide a receptive surface that allows inks to adhere better and spread evenly, resulting in sharp and vibrant printed images.

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The market for ink receptive coatings has been witnessing growth due to the increasing demand for high-quality printing across various industries such as packaging, advertising, publishing, textiles, and automotive. The rise of digital printing technologies, which require specialized coatings to optimize ink performance, has also contributed to the market expansion.

Industries such as packaging and advertising require precise and vibrant printing results, which can be achieved with the use of ink receptive coatings. Digital printing methods, such as inkjet and UV-curable printing, have gained popularity in recent years. These technologies often require specialized coatings to ensure optimal ink adhesion and color reproduction.

Ink receptive coatings play a vital role in two major industries: packaging and textiles. In the packaging sector, driven by the expansion of e-commerce and consumer goods markets, these coatings are extensively utilized to improve the visual attractiveness and longevity of printed designs on packaging materials. They enable vibrant and durable prints, enhancing the overall appeal of the packaging.

Similarly, in textile printing processes, ink receptive coatings are employed to enhance color vibrancy, fix the ink on the fabric, and increase resistance to washing. This application is found in various areas, including garment printing, textile signage, home textiles, and promotional textiles. These coatings facilitate the creation of intricate and vivid designs on fabrics while ensuring excellent colorfastness and long-lasting durability.

Key Takeaways from the Ink Receptive Coatings Market:

The ink receptive coatings industry in the United States is predicted to reach US$ 282.5 million by 2033, increasing at a 3.1% CAGR.
The ink receptive coatings industry in India is estimated to reach a market share of US$ 86.6 million, expanding at a CAGR of 5.1% by 2033.
During the forecast period, the ink receptive coatings industry in China is expected to reach a market share of US$ 487.0 million, securing a 4.8% CAGR.
The ink receptive coatings industry in Japan is predicted to reach US$ 76.5 million by 2033, increasing at a 4.1% CAGR.
Germany’s ink receptive coatings industry is predicted to achieve a market share of US$ 111.7 million, rising at a 3.7% CAGR during the forecast period.
With a CAGR of 4.0% from 2022 to 2033, the Labeling and Packaging segment is expected to dominate the ink receptive coatings industry.
With a CAGR of 3.5% from 2022 to 2033, the textile industry is expected to dominate the ink receptive coatings industry.

“The ink receptive coatings industry is poised for significant growth in the coming years, fueled by rising demand across diverse sectors and the increasing adoption of digital printing technologies, driven by the growing need for high-quality, customizable prints” Says lead Analyst of Future Market Insights, Inc.

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How Does the Competition Look in the Ink Receptive Coatings Market?

The ink receptive coatings market is competitive, with several global and regional players operating in the industry. These companies focus on product development, strategic collaborations, and expansion of their distribution networks to gain a competitive edge. The market is dynamic, with companies striving to innovate and differentiate their products to gain a competitive edge.

Key Players in the Market

Cabot Corporation
Lubrizol
Follmann & Co.
Mallard Creek Polymers
The Griff Network
Roymal Inc.
Synthomer

Companies compete based on the range and performance of their ink receptive coating products. They develop coatings that are compatible with different printing processes, substrates, and end-use applications. Offering a diverse portfolio that caters to specific customer requirements is a competitive advantage.

Companies can enhance their competitiveness in the ink receptive coatings market through two key strategies. Firstly, establishing a strong global presence and efficient distribution network enables effective customer reach and service across diverse markets. Access to a wide customer base and streamlined logistics capabilities are crucial factors contributing to a company’s competitive advantage.

Secondly, strategic collaborations and partnerships with printing equipment manufacturers, ink suppliers, and other industry stakeholders play a vital role in strengthening a company’s market position. Such collaborations facilitate joint product development, expanded distribution channels, and improved market penetration. By leveraging the expertise and resources of these partners, companies can enhance their product offerings and broaden their customer reach, thereby bolstering their competitiveness.

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Segmentation Analysis of the Market

By Ink Type:

Water-based Inks
Solvent-based Inks
UV-curable Inks
Dye-based
Others

By Application:

Labelling and Packaging
Textile
Graphics Design
Plastics and Film
Paper and Board
Fine Art Printing
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
The 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 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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Smart Water Bottle Market: Expanding at a Remarkable CAGR of 10.9% by 2033, Anticipating a Surge in Interactive Vessels

The smart water bottle market in 2022 was close to US$ 31,229.9 million. By 2033, a valuation of US$ 34,384.1 million has been projected. Sports enthusiasts are choosing items that improve their workouts more frequently, which is driving up the market for interactive vessels. It is thus likely to have produced US$ 96,755 million by 2033, expanding at a CAGR of 10.9% from 2023 to 2033.

Most smart water bottles are equipped with the software that allows connecting to a mobile application. A smartphone app can often track an individual’s basic water consumption. One of the ways to keep motivated is being able to monitor daily progress and calculate how much more should be consumed in order for them reach their water intake target.

An increase in per-capita IT spending and a rise in health concerns have both played an important role to the people’s perception of smart water bottles.

The market for intelligent water bottles will continue to grow as more people realize the importance of hydration. Based on consumer demand, several of the leaders in smart bottle production are developing various versions of high-tech water bottles.

It gives a closer reflection of the daily water consumption. This feature may be very important for younger generations who are active in activities like running, going to the gym and playing sport.

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For instance, the Apple-compatible Thermos linked hydration bottle with smart top comes with a smartphone app that includes an activity tracker and hydration goal settings. You may track many things with this device in addition to tracking general fitness because it is compatible with Fitbit accounts. The Smart Lid can monitor and track beverage intake in addition to giving instantaneous temperature measurements of the bottle’s contents. Additionally incorporated is Bluetooth connectivity with a 75-foot range.

Key Takeaways From The Smart Water Bottle Market Study

Based on type, smart water bottles manufactured using polymers will be in high demand
In terms of price range, sales in the US$40-US$60 segment is expected to grow at a rapid pace.
In terms of sales channel, consumers will continue preferring indirect channels such as hypermarkets/ supermarkets, multi-brand stores, and others.
The U.S. will continue pushing sales of smart water bottles in North America.
China will emerge as a hub of smart bottle production within East Asia.

Business Growth Drivers:

Health and Wellness Trends: Increasing awareness about health and wellness among consumers is driving the demand for products that help track and improve hydration levels. Smart water bottles with features such as hydration tracking, reminders, and personalized recommendations cater to this trend.
Technological Advancements: Rapid advancements in sensor technology, connectivity, and data analytics have enabled the development of smart water bottles with advanced features. Integration with smartphones and wearable devices further enhances their utility and appeal.
Rising Adoption of Wearable Devices: Growing popularity of wearable devices such as fitness trackers and smartwatches has created a conducive environment for the adoption of smart water bottles. Integration with these devices allows for seamless data tracking and analysis, enhancing user experience.
Urbanization and Busy Lifestyles: Increasing urbanization and hectic lifestyles have led to higher consumption of on-the-go products. Smart water bottles offer convenience by providing real-time hydration tracking and reminders, catering to the needs of busy consumers.
Environmental Concerns: Growing awareness about environmental sustainability has led consumers to seek eco-friendly alternatives. Some smart water bottles are designed to reduce plastic waste by promoting reusable and refillable options, aligning with eco-conscious consumer preferences.
Innovative Marketing Strategies: Companies in the smart water bottle market are employing innovative marketing strategies to differentiate their products and attract consumers. Collaborations with fitness influencers, health experts, and celebrities help in increasing brand visibility and driving sales.

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Industry Restraints:

High Cost: Smart water bottles tend to be more expensive compared to traditional water bottles due to the integration of advanced technologies such as sensors, Bluetooth connectivity, and companion apps. The relatively high cost may limit adoption, particularly among price-sensitive consumers.
Limited Battery Life: Many smart water bottles rely on batteries to power their smart features. However, limited battery life can be a significant drawback, requiring frequent recharging or battery replacements, which may inconvenience users.
Data Privacy Concerns: Smart water bottles collect and transmit personal data, including hydration habits and activity levels, raising concerns about data privacy and security. Instances of data breaches or misuse could undermine consumer trust in these products.
Compatibility Issues: Compatibility issues with various smartphones, operating systems, and wearable devices may hinder the seamless integration and functionality of smart water bottles. Lack of interoperability could limit their appeal and usability for certain consumers.
Maintenance and Durability: Smart water bottles with electronic components may require regular maintenance and are susceptible to damage from impact, moisture, or exposure to water. Ensuring durability and reliability of these products is essential to maintain consumer satisfaction.
Market Fragmentation: The smart water bottle market is becoming increasingly fragmented with numerous brands offering competing products with varying features and functionalities. This fragmentation could lead to consumer confusion and hinder market consolidation.

Who is Winning?

Leading manufacturers of smart water bottle are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales of smart water bottle globally.

Some of the companies operating in the smart water bottle market are

Caktus, Inc.
Ecomo
Groking Lab, Ltd.
Hidrate, Inc.
Open-2
Moikit
Thermos, LLC
Trago, Inc.
Hydra Coach, Inc.
Lifefuels, Inc.

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Smart Water Bottle Market By Category By Type:

Metal
Polymer
Others

By Price Range:

Below US$ 20
US$ 20- US$ 40
US$ 40- US$ 60
Above US$ 60

By Sales Channel:

Direct
Indirect
- Supermarkets/ Hypermarkets
- Multi-Brand Stores
- Specialty Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel

By Region:

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

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
LinkedIn| Twitter| Blogs | YouTube

Global Cold Plasma Market is anticipated to achieve US$ 9380.9 million by 2033

Future Market Insights, a leading player in the thrilled to announce the impressive growth projections for the global cold plasma market, according to estimates by Future Market Insights (FMI). The data suggests that the net worth of total cold plasma to be sold worldwide is anticipated to generate a substantial revenue of US$ 2469.5 million in 2023.

FMI’s research further highlights the robust trajectory of the global cold plasma market, indicating a projected market size of US$ 9380.9 million by 2033. This growth is expected to occur at a remarkable Compound Annual Growth Rate (CAGR) of 14.3%. The expanding market reflects the increasing adoption of cold plasma technology across various industries, showcasing its versatility and impact.

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Cold plasma technology, especially in the form of portable devices, has gained significant traction across medicinal, bioengineering, and food processing sectors. This innovative technology offers a range of applications in these fields, contributing to enhanced efficiency, safety, and quality standards.

One noteworthy application of cold plasma is in the life sciences domain, where atmospheric pressure cold plasma has found diverse applications. Researchers and industry professionals have recorded numerous successful applications, demonstrating the technology’s potential in various life sciences applications.

Future Market Insights has been at the forefront of leveraging cold plasma technology to create cutting-edge solutions that address the evolving needs of our clients. With a commitment to innovation and excellence, Future Market Insights continues to play a pivotal role in shaping the landscape of the global cold plasma market.

“We are excited about the immense potential of cold plasma technology, and our team at Future Market Insights remains dedicated to pushing the boundaries of what is possible. The FMI estimates underscore the growing importance of cold plasma in diverse sectors, and we are well-positioned to capitalize on this trend,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

As Future Market Insights continues to drive innovation in the cold plasma space, the company looks forward to contributing significantly to the projected market growth and maintaining its leadership position in the industry.

Key Takeaways:

Low temperature atmospheric pressure plasma to capture the lion’s share during the forecast period
Food processing & packaging slated to expand impressively due to increased awareness regarding food contamination due to surface pathogens
Administration for healing chronic wounds to experience immense white spaces in terms of application
North America to retain market hegemony, Asia-Pacific offer lucrative prospects in the textile industry

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Competitive Intelligence:

Prominent players within the global cold plasma market include:

Nordson Corporation
Europlasma NV
Plasmatreat GmBh
Terraplasma Medical GmBh
Henniker Plasma
US Medical Innovations
Molecular Plasma Group
Nordson Corporation
Adtech Plasma Technology Co Ltd.
Smith & Nephew plc.
Thierry Corporation

In February 2020, Adtech Plasma Technology initiated a new project in collaboration with Hull York Medical School for testing gas plasma on osteomyelitis bone infections. The project will assist in establishing a laboratory testing model for evaluating and optimizing plasma treatment for osteomyelitis biofilm infections.

Plasma treat has deployed a prototype cleaning station in conjunction with the Bavarian Red Cross for disinfecting single-use protective clothing for frontline COVID-19 healthcare workers.

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Cold plasma Market: Segmentation:

Regime Type:

Low-pressure
Atmospheric pressure

Application:

Wound Healing
Cancer Treatment
Blood Coagulation
Dentistry
Packaging Decontamination
Food Surface Decontamination
Wastewater Treatment
Seed Germination

Technology:

Remote Treatment
Direct Treatment
Electrode Contact

End-user:

Medical Industry
Textile Industry
Electrical & Electronic Industry
Food & Agriculture Industry

Region:

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

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

Nucleic Acid Testing Market Gears Up for Remarkable Growth, Targeting a Whopping US$ 7.2 Billion by 2033

The global nucleic acid testing market sale By 2023, this disruptive force is set to soar to US$ 3.7 billion, with sales projected to surge at a remarkable 6.8% CAGR, reaching a staggering US$ 7.2 billion by 2033.

At the heart of this revolution lies NAT’s unparalleled ability to decode genetic data, revolutionizing healthcare across diverse applications. From unraveling genetic predispositions to diagnosing diseases and detecting pathogens, NAT offers unprecedented insights, shaping the future of medicine.

Central to NAT’s prowess is its precision in disease detection. By honing in on specific genetic sequences associated with diseases, NAT can spot infections, genetic disorders, and even cancer at the earliest stages. This precision empowers healthcare professionals to intervene swiftly, elevating the odds of successful treatment and fostering improved patient outcomes.

As NAT continues to redefine the boundaries of healthcare, its impact resonates far beyond diagnostics, driving personalized treatment approaches and deepening our understanding of genetic diversity. Brace yourself for a future where precision meets possibility, ushering in a new era of healthcare innovation and transformative patient care.

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The rising need for testing solutions that can be used at the point of care is a major trend in the nucleic acid testing market. A non-clinical laboratory setting, such as a doctor’s office or a patient’s bedside, can be used to conduct these diagnostic tests. In low-resource areas, where laboratories may not be readily available, this is of paramount importance. This has led to an increase in the research and development of portable, user-friendly nucleic acid analysis devices capable of producing reliable results quickly.

Automation is becoming increasingly popular in the nucleic acid testing industry. The term “automated testing” describes the practice of using machines in place of human testers. The potential for human error is reduced, productivity is increased, and the price of nucleic acid analysis is lowered or eliminated altogether when it is automated.

New nucleic acid research solutions are being created because of technological progress. The development of CRISPR technology has allowed for more precise and efficient gene editing, and next-generation sequencing (NGS) has made genomic analysis faster and more accurate. These developments are facilitating the faster and more precise diagnosis of diseases and genetic disorders through nucleic acid analysis.

Finally, the adoption of nucleic acid testing in oncology is gaining popularity, especially in the field of cancer biomarker detection. Here, mutations or other markers that can be used to direct treatment decisions are sought out by examining the DNA of cancer cells. This shift is what’s prompting scientists to create better ways to detect cancer and craft individualized therapies.

Key Takeaways :

The COVID-19 pandemic has highlighted the importance of rapid and accurate diagnostic testing, and nucleic acid treatment is a highly sensitive and specific method for detecting viral and bacterial infections.
The development of new technologies, such as CRISPR gene editing and NGS, are helping to improve the accuracy and speed of nucleic acid treatment and are making it possible to diagnose diseases and genetic disorders more quickly and effectively.
Automation and the development of point-of-care testing solutions are also contributing to the growth of the nucleic acid testing market, enabling healthcare providers to perform diagnostic testing in non-traditional settings.
There is a growing focus on using nucleic acid treatment for oncology applications, particularly for the detection of cancer biomarkers, which has the potential to revolutionize the field of cancer treatment.

Competitive Landscape :

The competitive landscape in the nucleic acid testing market is characterized by a mix of established players and newer entrants, with several companies vying for market share. Here are some key observations about the competitive landscape:

Established players: There are several large, established players in the nucleic acid testing market, including Abbott Laboratories, Roche Diagnostics, Thermo Fisher Scientific, and Qiagen. These companies have a strong presence in the market and offer a wide range of nucleic acid treatment solutions for various applications, including infectious disease diagnosis, cancer testing, and genetic screening.
Newer entrants: The nucleic acid testing industry has seen an influx of newer players in recent years, with many startups and smaller companies developing innovative solutions for diagnostic testing. These companies often focus on specific applications or niches within the market, such as point-of-care testing or personalized medicine.
Technological advancements: The nucleic acid testing industry is highly driven by technological advancements, and companies that can develop new and innovative products that offer high accuracy, speed, and ease of use are often able to gain a competitive advantage. For example, companies that are able to develop solutions that leverage CRISPR gene editing, next-generation sequencing (NGS), or other cutting-edge technologies are likely to have an edge in the market.
Partnerships and collaborations: Many companies in the nucleic acid testing market have formed partnerships and collaborations with other industry players, academic institutions, or healthcare organizations to develop new products or expand their reach in the market. These partnerships can help companies leverage each other’s strengths and resources to bring innovative solutions to the market more quickly and efficiently.
Regulatory environment: The nucleic acid testing market is highly regulated, with companies required to meet stringent standards for accuracy, sensitivity, and specificity. Companies that are able to navigate the regulatory environment effectively and obtain necessary approvals are more likely to succeed in the market.

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Key Segments :

By Product Type:

Nucleic Acid Test Kits
- Transcription-Mediated Amplification (TMA)
- Polymerase Chain Reaction (PCR)
- Ligase Chain Reaction (LCR)
- Whole Genome Sequencing
Consumables

By Indication:

Infectious diseases
Cancer
Forensic Testing
Others

By End-user:

Hospitals
Pathology laboratories
Research Institutes
Clinics

By Region:

North America
Latin America
Western Europe
Eastern Europe
APECJ
China
Japan
Middle East and Africa (MEA)

Author By:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Future Market Insights Poised to Lead the Thriving Anatomic Pathology Market Expected to Reach US$ 61.1 Million by 2030

Future Market Insights, a leading provider of market research and consulting services, is strategically positioned to capitalize on the substantial growth of the anatomic pathology market. The market is valued at US$ 32.5 million in 2022 and is projected to register a robust CAGR of 8.2% from 2022 to 2030, reaching US$ 61.1 million by the end of the decade.

This significant growth is driven by the increasing application of anatomic pathology in disease diagnosis and the dynamic field of drug discovery and development. Future Market Insights is at the forefront of innovation, leveraging cutting-edge technology and a steadfast commitment to excellence to deliver solutions that meet the evolving demands of the healthcare and pharmaceutical sectors.

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Key Findings from the Future Market Insights Report:

The anatomic pathology market is experiencing significant growth due to its expanding role in disease diagnosis.
The market is also being driven by the crucial role anatomic pathology plays in drug discovery and development.
Future Market Insights is well-positioned to capitalize on this growth with its commitment to cutting-edge research and industry expertise.

Key Takeaways:

The instruments are subject to technological advancements, which would minimize errors. This factor is expected to drive the anatomic pathology market between 2022 and 2030
Consumables are expected to hold the largest market share due to low cost, high availability, and good purchase rate of probes and reagents
Academic research is bound to pick up pace in the forecast period owing to growing implementation of anatomic pathology in biomarker profiling and tumor examination
Preference to personalized therapies is prompting putative biomarkers being discovered. This factor is expected to be one of the key growth drivers

Key Participant Insights:

The key market players are focusing on technological upgradations and expansion strategies to keep themselves fiercely competitive.

For instance:

In Jul 2020, Bio SB tabled its Fast Mohs PolyDetector Plus Detection System, which comes across as a super sensitive nonbiotin monovalent Fab micropolymer immunohistochemistry system to detect IVD antibodies for squamous cell carcinoma, basal cell carcinoma, and melanoma.
In Jan 2019, Quest Diagnostics announced completion of acquisition of the US laboratory services business that belonged to Oxford Immunotec (the T-Spot and Accutix tick-borne disease testing services, since then, are part of Quest’s infectious disease testing services.
In 2018, Leica Microsystems entered into a collaboration with Thermo Fisher to develop an integrated cryotomography workflow with regards to research.

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Key companies profiled:

Laboratory Corporation of America Holdings
Sakura Finetek USA, Inc.
F.Hoffmann-La Roche AG
Cardinal Health, Inc.
BioGenex
NeoGenomics
Agilent Technologies

The US continues to be one of the leading markets for anatomic pathology industry globally. Strong presence of some of the leading players, combined with relatively easier funding for R&D will drive the US anatomic pathology industry during the assessment period.

The Europe anatomic pathology industry is also likely to grow at a brisk pace during the assessment period. The growth will remain concentrated in Western Europe, as has been the case traditionally.

Asia Pacific represents a high growth market for anatomic pathology stakeholders. Many countries in the region are renewing their focus on healthcare, as the current Covid-19 crisis has reinforced the necessity of a robust healthcare system.

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Key Segments of Anatomic Pathology Industry Survey:

Anatomic Pathology Industry by Product & Service:

Anatomic Pathology Instruments
Anatomic Pathology Consumables
Anatomic Pathology Services

Anatomic Pathology Industry by Application:

Disease Diagnosis
Drug Discovery and Development
Others

Anatomic Pathology Industry by End User:

Hospitals
Research Laboratories
Diagnostic Laboratories
Others

Anatomic Pathology Industry by Region:

North America Anatomic Pathology Industry
Latin America Anatomic Pathology Industry
Europe Anatomic Pathology Industry
East Asia Anatomic Pathology Industry
South Asia & Pacific Anatomic Pathology Industry
Middle East & Africa (MEA) Anatomic Pathology Industry

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

Rare Neurological Disease Treatment Market Charting a Course Towards a US$ 19.795 Million Horizon by 2032

In the realm of medical research, rare neurological disease market sale find themselves in a precarious position, often sidelined due to limited funding and a scarcity of representative patient populations. This neglect leaves many of these conditions with insufficient diagnostic and treatment protocols, leaving patients and healthcare providers grappling with uncertainty.

Rare neurological diseases, a prominent subset of these conditions, suffer particularly from this lack of attention. According to the World Health Organization, one in every ten individuals may encounter a rare neurological condition in their lifetime, underscoring the urgency of addressing these unmet needs.

The prevalence of neurological diseases, primarily affecting the brain, underscores the critical importance of early intervention in mitigating long-term morbidity and associated healthcare costs. As we look to the future, by 2032, the rare neurological disease treatment market is poised to exceed expectations, with projections reaching beyond US$ 19.795 million. This growth signifies a potential turning point in the quest for improved diagnosis, treatment, and ultimately, better outcomes for those affected by these challenging conditions.

New Drug Formulations and Initiatives toward Improving Treatment & Care of Patients to Influence Market Growth

Declining blockbuster drugs have led pharmaceutical companies to keenly investigate potential new areas of research & development. Drug manufacturers have been incentivized by the Orphan Drug Act to develop new drug formulations associated with treatment of various rare diseases such as rare neurological diseases, in a bid to introduce new treatment options to the market. Regulatory advantages such as breakthrough designations, longer market exclusivity, and reduced fees & tax incentives have encouraged investments in R&D of drugs related to rare neurological diseases.

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The world is entering into a new era, wherein science has realized the capability of aiding development of treatment & care for patients affected with rare neurological conditions. Several initiatives are being taken for coordinating efforts of pharmaceutical companies and healthcare institutes who share similar aim of improving treatment & care for patients suffering from rare neurological diseases.

For example, Brains for Brain Foundation, European Brain Council, LSD Patient Collaborative, and members of pharma industry are supporting an initiative in Europe which is expected to enhance visibility, awareness and recognition of rare neurological disorders for facilitating their early diagnosis. The initiative also aims to facilitate and promote collaboration and partnership between physicians, patient advocates, decision- & policy-makers, and researchers.

North America to Lead Global Rare Neurological Disease Treatment Market

North America is set to lead the global rare neurological disease treatment market, with an estimated revenue share of over 40% during 2017 to 2026. Economic and technological vigour, coupled with increasing geriatric population in the region, which is highly prone to such brain-related diseases, will influence demand for rare neurological disease treatment in North America.

The market revenue share of Europe and Asia-Pacific excluding Japan will also remain significant. However, combined revenues from the markets in these two regions will continue to be smaller than those amassed from the market in North America. Rare neurological disease treatment market in North America and Europe will record a parallel expansion through 2026, in terms of value.

Biologics to Remain Preferred Drug for Rare Neurological Disease Treatment

Biologics will continue to be the preferred drug for treatment of rare neurological diseases. Revenues from sales of biologics will account for the lion’s share of the market through the forecast period, based on drug type. However, revenues from sales of organic compounds for rare neurological disease treatment are forecast to record a relatively faster growth through 2026.

With an estimated market revenue share of nearly 60% during 2017 to 2026, Alzhiemer’s disease will continue to dominate the market, based on indication. In addition, revenues from treatment of this indication segment are likely to record the fastest rise in the market through 2026. Injectables will remain sought-after among mode of administration of drugs for treating rare neurological conditions.

Since the recent past, leading pharmaceutical companies have been placing more emphasis on rare disease, with tremendous support from the government. There is a greater likelihood that effective therapeutic measures for these life threatening rare diseases will be realized in the near future.

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Key Players:

EMD Serono, Inc.
Jazz Pharmaceuticals
Teva Pharmaceutical Industries Limited
Johnson & Johnson
Sanofi
Medtronic Plc
Bayer Aktiengesellschaft
Novartis AG.

Key Segments :

By Vehicle Type:

Passenger cars
Light commercial Vehicles
Heavy Commercial Vehicles

By Fuel Type:

Petrol
Diesel

By Tuning stage:

Stage 1
Stage 2
Stage 3

By Tuning Method:

OBD Ports
Bench Tuning

By Application:

Racing
Fuel Economizing
Performance tuning

By Region:

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

Author By:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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Luxury Furniture Market: Assessed to Trail Behind with a 5.6% CAGR by 2033 | FMI Reports

According to FMI’s analysis, the global luxury furniture market is forecasted to demonstrate a CAGR of 5.6% throughout the forecast period. It is projected to expand from US$22.6 billion in 2023 to US$38.97 billion by the end of 2033.

Appreciable rise in the real estate sector over recent years has intensified the demand for office as well as residential spaces. Further, the surging demand for office workspace, conducive corporate culture, and urban and semi-urban accommodation have supplemented the growth of the real estate sector.

In addition to this, the soaring construction activities related to residential and commercial buildings are expected to propel the market growth. The real estate sector in India is estimated to be worth US$ 1 trillion by the end of 2030, starting from US$ 200 billion in 2021, as per the estimates by India Brand Equity Foundation (IBEF). The sector is further expected to contribute 13% to India’s GDP by the end of 2025.

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Going forward, the growing demand for luxury property has escalated the adoption of luxurious furnishings in areas like offices, bedrooms, and kitchens. Additionally, with the help of smart devices and widespread, high-speed internet networks, the e-retail industry is inclining forward at a rapid pace. The introduction of such advanced technologies helps make the purchase of furniture easier. Additionally, the growing demand for online shopping has resulted in several companies launching their online stores, further expanding their reach and clientele.

Nilkamal Pvt. has introduced an online shopping portal that showcases an exclusive range of home furnishings, home furniture, and upholstery. The presence of multiple product options and features to compare prices are some factors that are propelling customers to shop online. When shopping online, customers can also check previous reviews, compare multiple products and stores, and analyze prices from different sellers.

Top Highlights from the FMI’s Analysis of the Luxury Furniture Market:

Europe’s luxury furniture market is expected to gain a handsome market share over the forecast period.
The Asia Pacific is expected to witness robust growth in the years to come.
Wood as the raw material is predicted to acquire a massive market share over the forecast period owing to its fine finishing and touch, adding to its aesthetic appeal.
The offline channel holds a considerable market share. This can be attributed to the wide consumer base that prefers in-person purchases of luxury furniture.

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Business Growth Drivers:

Economic Growth: When economies are booming, people tend to have higher disposable incomes, leading to increased spending on luxury items including furniture.
Rising Affluence: As the global middle class expands, there’s a growing segment of affluent consumers who desire high-end, luxury products, including furniture.
Urbanization: Urbanization trends lead to smaller living spaces in cities, driving the demand for innovative, space-saving luxury furniture solutions.
Changing Consumer Preferences: Consumers are increasingly valuing experiences and quality over quantity, driving demand for high-quality, luxurious furniture pieces that can last a lifetime.
Innovative Designs and Materials: Continuous innovation in furniture design and the use of premium materials like rare woods, metals, and fabrics attract discerning consumers looking for unique, statement pieces.
Customization: The trend towards personalized and customized products allows luxury furniture manufacturers to cater to individual preferences, thereby enhancing customer satisfaction and loyalty.
E-commerce: The rise of online luxury furniture retailers expands market reach, making high-end furniture more accessible to a wider audience globally.
Brand Value and Reputation: Established luxury furniture brands with a strong reputation for quality and craftsmanship often enjoy sustained demand and customer loyalty.

Industry Restraints:

Economic Downturns: During economic downturns, consumer spending on luxury items typically decreases, impacting the demand for luxury furniture.
High Costs: Luxury furniture often comes with premium price tags due to high-quality materials and craftsmanship, which may limit the market to affluent consumers and make it less resilient to economic downturns.
Competition from Mass-market Alternatives: Mass-market furniture brands are increasingly offering stylish and trendy designs at more affordable prices, posing a competitive threat to luxury furniture manufacturers.
Supply Chain Disruptions: Disruptions in the supply chain, such as raw material shortages or transportation issues, can impact production and lead to delays in delivering luxury furniture products to customers.
Changing Consumer Trends: Shifts in consumer preferences towards minimalism, sustainability, or functionality may affect the demand for traditional luxury furniture styles or materials.
Regulatory Compliance: Compliance with stringent regulations related to materials, safety standards, and environmental sustainability can pose challenges for luxury furniture manufacturers, especially those using exotic or rare materials.
Global Instability: Political instability, trade disputes, or natural disasters in key manufacturing or consumer markets can disrupt operations and affect consumer confidence, thereby impacting the luxury furniture industry.
Environmental Concerns: Increased awareness of environmental issues may lead to scrutiny over the sustainability practices of luxury furniture manufacturers, influencing consumer purchasing decisions.

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Luxury Furniture Market by Category

By Raw Material:

Wood
Metal
Plastic
Other Raw Materials

By End User:

Luxury Furniture for Residential Users
Luxury Furniture for Commercial users

By Distribution Channel:

Online Availability
Offline Availability

By Region:

North America Market
Europe Market
Asia Pacific Market
Latin America Market
the Middle East and Africa Market

Author

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Skid Steer Loaders Market Size Poised to Reach US$ 10.33 Billion by 2033, Fueled by Diverse Applications and Growth Opportunities

The global skid steer loader market size in 2022 was US$ 2.5 billion and is estimated to be US$ 3.53 billion in 2023. Future Market Insights has mentioned in its reports that the skid steer loader market will expand at a CAGR of 11.34% between 2023 and 2033, totaling around US$ 10.33 billion by 2033.

Market Overview:

The Skid Steer Loader Market serves a diverse range of industries, including construction, agriculture, landscaping, rental, forestry, and material handling. Skid steer loaders are popular due to their versatility, ease of operation, and ability to perform a wide range of tasks with various attachments.

Skid steer loaders typically feature a compact chassis with a hydraulic lift arm and quick-attach system for attaching various work tools and attachments, such as buckets, forks, grapples, augers, and hydraulic breakers.

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Key Players:

Skid Steer Loader Manufacturers: Leading manufacturers in the skid steer loader market include Caterpillar Inc., Bobcat Company (a subsidiary of Doosan Group), John Deere, Kubota Corporation, Case Construction Equipment (a brand of CNH Industrial), New Holland Construction (also part of CNH Industrial), JCB, and Volvo Construction Equipment, among others.

Attachment Manufacturers: Companies specializing in manufacturing skid steer loader attachments, such as buckets, pallet forks, grapples, trenchers, and hydraulic breakers, complement the market by providing additional functionality and versatility to skid steer loaders.

Rental Companies and Dealerships: Equipment rental companies and dealership networks play a crucial role in the skid steer loader market by offering rental, sales, parts, and service support to customers in various industries.

Market Drivers:

Construction Industry Growth: The expansion of the construction industry, driven by infrastructure development, urbanization, residential and commercial construction projects, and government investments in public works, boosts demand for skid steer loaders as essential equipment for material handling, excavation, and site preparation.

Agricultural Applications: Skid steer loaders are widely used in agriculture for tasks such as loading, hauling, baling, and handling feed, making them indispensable on farms and ranches for livestock management, crop production, and general farm maintenance.

Landscaping and Grounds Maintenance: The landscaping and grounds maintenance sector utilizes skid steer loaders for tasks such as grading, leveling, trenching, sod installation, snow removal, and tree care, driving demand for compact and maneuverable equipment in residential, commercial, and municipal applications.

Versatility and Attachment Compatibility: The ability of skid steer loaders to accommodate a wide range of attachments enables them to perform diverse tasks efficiently, making them a preferred choice for contractors, landscapers, farmers, and equipment rental companies seeking multipurpose equipment solutions.

Market Challenges:

Competition and Price Pressure: Intense competition among skid steer loader manufacturers and pricing pressure in the equipment market pose challenges for companies to maintain profitability and market share while meeting customer demands for value, performance, and reliability.

Regulatory Compliance: Compliance with emissions regulations, safety standards, and environmental requirements adds complexity and cost to skid steer loader manufacturing and may influence product design, engine technology, and operational practices.

Technological Advancements: Keeping pace with technological advancements in skid steer loader design, engine efficiency, operator comfort, and safety features requires continuous investment in R&D, engineering, and product innovation to meet evolving customer expectations and regulatory standards.

Market Saturation: Market saturation in mature markets and cyclicality in construction and agriculture sectors may impact equipment sales, rental rates, and aftermarket demand, requiring manufacturers to diversify product offerings, expand into new markets, or focus on aftermarket services.

Market Trends:

Compact and Track Loader Growth: Growing demand for compact and track skid steer loaders, which offer enhanced stability, traction, and flotation in rough terrain, reflects industry trends towards smaller footprint equipment with improved performance and versatility.

Electric and Hybrid Solutions: The emergence of electric and hybrid skid steer loaders, driven by sustainability initiatives, emissions regulations, and technological advancements in battery technology, offers potential for reducing carbon footprint, operating costs, and noise levels in indoor and urban applications.

Telematics and Connectivity: Integration of telematics systems, GPS tracking, remote diagnostics, and fleet management solutions in skid steer loaders enhances equipment monitoring, preventive maintenance, productivity tracking, and operational efficiency for fleet owners and equipment rental companies.

Attachment Innovation: Innovations in attachment design, quick-attach systems, hydraulic systems, and control technologies enhance attachment compatibility, performance, and ease of use, allowing skid steer loaders to tackle a wider range of tasks effectively.

Key Takeaways from the Market Study

Global skid steer loader market grew at a CAGR of 10.62% between 2017 and 2022.
Europe is expected to hold a market share of 23%.
North America holds a market share of 32.2%.
The United States is considered to hold a major portion of this market with a value share of 28.4%.
India forecasting at a CAGR of 6.33%
Under the size segment, small-size skid loaders hold a market share of 55%.
Under the ownership segment, construction companies hold a market share of 62%.

“High cost of manufacturing affects the disruption in supply chain is considered to be one of the major hindrances of the skid steer loader market”, comments a Future Market Insights analyst.

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Skid Steer Loader Market Segmentation

By Size:

Small Frame
Medium Frame
Large Frame

By Ownership:

Rental Companies
Construction Companies
Others

By Lift Type:

Radial Lift
Vertical Lift

By Region:

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

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.

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https://www.futuremarketinsights.com/reports/automated-guided-vehicles-market

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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

Dog Food Toppers Market: Flourishing at an Impressive CAGR of 8.7% by 2032

The dog food toppers market is projected to attain a value of US$5,157.1 million in 2022 and surge to US$11,910.9 million by 2032, exhibiting a notable compound annual growth rate (CAGR) of 8.7% from 2022 to 2032. Dog food toppers are anticipated to comprise a global market share of 12%-17% in the overall dog food market.

An increasing number of pet owners across the globe are frequently spending on premium products and services for their dogs’ well-being. Hence, with the growing trend of pet humanization, the expansion of the dog food topper market is predicted to rise over the upcoming decade.

Further, expenditure on pet food includes, pet healthcare, and other associated costs. Hence, key players are introducing healthy and nutritional pet food products as per the pets’ requirement. They are also focusing on including customized products and developing liquid dog food toppers.

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According to an independent study in 2018, in the U.S., pet expenditure has increased by more than 50% from 2013. The significant portion of the expenditure made was on pet food, where premium pet food with premium and good quality ingredients was frequently purchased, followed by other natural and generic food. The remaining expenses accounted for expenses made in pet supplies, veterinary, and pet services.

Key Takeaways from the Dog Food Toppers Market Study

Based on product type, dry topper segment is expected to witness incremental growth over the assessment period
In terms of packaging type, the bags and pouches segment will register steady growth in the forthcoming decade.
Hypermarkets and supermarkets are expected to hold a lion’s share in the dog food topper market during the forecast period.
Based on sales channel, the online retailer segment is anticipated to rise at a rapid rate in the dog food toppers market.

“Dog food topper producers are developing strategies and collaborating with online sales channels to expand their product line. They are also introducing products with extended shelf life and customization to gain revenue.” Says an FMI analyst.

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Who is winning?

Leading manufacturers of dog food toppers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of dog food toppers market globally.

Major players present in the dog food toppers market

Stella & Chewy’s
The Honest Kitchen
Blue Buffalo Co., Ltd.
Nature’s Variety
Merrick Pet Care, Inc.
Castor & Pollux Natural Petworks
Mars Incorporated
Only Natural Pet
Petco Animal Supplies, Inc. (WholeHearted)
Applaws Natural Cat and Dog and Cat Food
Tiki Pets
Others (on request)

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global dog food toppers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the dog food toppers market based on product type (dry topper and wet topper), packaging type (pouches, bags, can, and bottle & jars), packaging size (0-10, 10-20, and above 20), life stage (puppy & adult), sales channel (hypermarkets/supermarkets, convenience stores, pet specialty stores, independent grocery retailers, drugstores, online retailers, and others) across seven major regions

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Global Dog Food Toppers Market by Category

By Product Type:

Dry Topper
Wet Topper

By Packaging Type:

Pouches
Bags
Can
Bottles & Jars

By Packaging Size (in Ounces):

0-10
10-20
above 20

By Life Stage:

Puppy
Adult

By Sales Channel:

Hypermarkets/Supermarkets
Pet Specialty Stores
Independent Grocery Retailers
Drugstores
Online Retailers
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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.

Contact Us:

Nandini Singh Sawlani