Market Research Blog – Page 3496 – New Product Development

Rapid Growth Projected: Cyber-Physical System Market to Reach US$ 137.6 Bn by 2028

In a new market research analysis, Future Market Insights examined the global cyber-physical system industry. The research provides a thorough examination of the market conditions for cyber-physical systems, including past data, present conditions, and future projections.

The study provides a thorough examination of the major growth factors and industry trends that are anticipated to have an influence in the years to come. Over the projection period, the technology industry is anticipated to have robust expansion due to the widespread usage of cloud computing and artificial intelligence. The enhanced digital revolution in data analytics and artificial intelligence, along with growing competitive pressure, is expected to boost the growth prognosis for the Cyber-Physical System market in the approaching ten years.

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According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the Cyber-Physical System market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Cyber-Physical System market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on Cyber-Physical System Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Cyber-Physical System market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Cyber-Physical System market.

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Key Questions Addressed in the Cyber-Physical System Market Report

How will the Cyber-Physical System market expand through 2031?
Which are the major key growth drivers and opportunities driving the market growth?
What are the recent technological developments in the Cyber-Physical System market?
What are key challenges and competition threats faced by Cyber-Physical System market players?
Which region is the most lucrative in the Cyber-Physical System market?

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Cyber-Physical System Market: Competitive Analysis

The FMI’s Cyber-Physical System market report provides a detailed analysis of prominent players as well as emerging companies operating in the Cyber-Physical System market. Some of the key players are:

Dell EMC
VMware Inc.
Hewlett Packard Enterprise
Schneider Electric
SAP SE
Honeywell International Inc.
Hitachi Vantara
Oracle

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

Cyber-Physical System Market: Key Segmentation

By Region

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

Incisive coverage of the regional markets offers deeper insights on the market performance across key regions along with relevant graphs, figures, and list of tables.

Component

Hardware
Software
Services

Vertical

Aerospace and Defense
Automotive
Energy and Utility
Healthcare
Manufacturing
Consumer Electronics
Others

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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aExplosive Growth Projected: Gigabit Wi-Fi Access Point Market to Surge at 32.3% CAGR by 2027

According to the report, the global gigabit Wi-Fi access point market is expected to rise at a stellar CAGR of 32.3% from 2022 to 2027. In 2022, the market was worth US$ 3.61 Billion and is expected to rise to a valuation of US$ 14.65 Billion by the end of 2027.

Future Market Insights (FMI) has published a new report on the gigabit Wi-Fi access point market. The report has been titled “Gigabit Wi-Fi Access Point Market: Global Industry Analysis 2016-2021 and Opportunity Assessment 2022-2027.” Vendors across the globe are eyeing India as it is one of the potential regions to capitalise on and is expected to provide lucrative prospects in the coming years.

Seeking huge GWAP growth opportunities in India, leading players such as SAMSUNG need to focus on the India market to offer innovative GWAP solutions for strengthening their presence in emerging countries. India has a huge potential, which is attracting vendors associated with the GWAP market to export their products to India.

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Drivers and Opportunities:

Several factors are propelling the Gigabit Wi-Fi Access Point Market forward. The rapid adoption of smart devices, coupled with the increasing reliance on cloud-based services, is fueling the demand for high-speed and reliable Wi-Fi connectivity. Additionally, the surge in remote work and e-learning due to the global pandemic has further underscored the need for robust Wi-Fi infrastructure. These trends present substantial growth opportunities for market players.

Competitive Landscape – Regional Trends:

The competitive landscape in the Gigabit Wi-Fi Access Point Market is witnessing intense rivalry among key players. To gain a competitive edge, companies are focusing on technological advancements and product innovations. The market is segmented regionally, with North America dominating due to widespread adoption of gigabit Wi-Fi access points. Asia-Pacific is emerging as a lucrative market, driven by rapid urbanization and increasing digitalization.

Restraints:

Despite the promising growth prospects, the Gigabit Wi-Fi Access Point Market faces some limitations. Challenges related to network security and data privacy remain paramount concerns, necessitating continuous investment in cybersecurity measures. Additionally, cost constraints and interoperability issues may impede market growth in certain regions.

Region-wise Insights – Category-wise Insights:

Regionally, North America is expected to maintain its dominance throughout the forecast period, driven by the presence of major market players and robust infrastructure. In contrast, the Asia-Pacific region is anticipated to witness the highest growth rate, owing to burgeoning internet penetration and digital transformation initiatives.

In terms of categories, enterprise deployment of gigabit Wi-Fi access points is anticipated to lead the market, driven by the demand for seamless connectivity in corporate environments. Residential usage is also on the rise, as consumers seek high-speed internet for streaming, gaming, and home automation.

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Gigabit Wi-Fi access point Market by Category

By Maximum Data Delivery Rate :

Less than 868 Mbps
868 to 1300 Mbps
More than 1300 Mbps

By End User :

Residential
Commercial/Industrial
Retail
Education
Manufacturing
Hospitality
Healthcare
Others

By Component :

Wireless Access Points
Indoor
Outdoor
Special-purpose
Wireless LAN Controllers

By Region :

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

Author:

About Future Market Insights (FMI)

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Cane Molasses Industry on Track to Hit US$ 5.3 billion by 2033, Showcasing Robust 4.5% Compound Annual Growth

The cane molasses market is anticipated to expand its roots at an average CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 5.3 billion by 2033, while it is likely to be valued at US$ 3.4 billion in 2023

With the extended range of applications from the food and beverages sector to the dairy and meat industry, cane molasses is helpful across the verticals. Furthermore, the higher nutritional structure of molasses is also making it popular among the health-conscious population.
The growing awareness and expanding packaged product sector are anticipated to flourish the overall market growth. Alongside this, the increasing popularity of blackstrap molasses is contributing to the market growth.
Better diabetes management, vital mineral potassium, and other elements are helping the cane molasses prevent hypokalemia and high blood pressure.
The influencers promoting health-based trends and making people aware of cane molasses’ health benefits are flourishing the market growth. Though, the drawbacks for the market, such as some side effects, including diarrhea, cancer, and irritable bowel syndrome, are limiting the market growth.
The expanding online shopping and penetration of e-commerce websites are flourishing the market growth. Furthermore, the higher acceptance of molasses in developing nations is garnering market growth.

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Key Points

The United States market leads the cane molasses market in terms of market share in North America. The United States region held a significant market in 2022. The growth in this region is attributed to the growing awareness around sugar alternatives; increased demand through the industrial segment is also garnering market growth.
The German market is another important market in the European region. The market held an essential share in 2022. The growth is attributed to the growing health-conscious population and the restored food and beverages sector.
The India cane molasses market thrives at a robust CAGR during the forecast period. The growth is attributed to sustainability goals, higher production of ethanol, and a substantial diabetic population.
The China market has a significant share of the market. The growth is caused by increased industrial expansion.
Based on product type, the conventional segment leads the market as it holds a significant share in 2023.
Based on the application, the industrial segment leads the market as it held a market share in 2022.

Competitive Landscape

The key vendors focus on improving the effectiveness of molasses while producing application-specific products. The player also delivers different types of molasses. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Recent Market Developments

Cora Texas Manufacturing Company LLC has introduced blackstrap molasses that helps patients with different health conditions, such as anemia and constipation. The industrial applications of this cane molasses grade are also in high demand.
Sweet Harvest Foods Inc has launched cane molasses with branded and private label capabilities. The product also has OU kosher certification.

Key Segments Covered

By Type:

Organic Molasses
Conventional Molasses

By Application:

Household
Food & Beverages
Industrial
Animal Feed
Others

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Melatonin Industry Surges with a Projected CAGR of 8.2%, Aiming for US$ 217.9 million by 2033 | FMI

The global melatonin market is expected to reach a valuation of US$ 98.5 million in 2023. The global market is forecast to rise at 8.2% CAGR during 2023 to 2033. By 2033, the overall market valuation is expected to reach US$ 217.9 million.

One of the key factors that drive the growth of the melatonin market is the expansion of the dietary supplement industry in developing countries. The dietary supplements industry in regions such as North America and Europe is highly mature. It supports the manufacturers of melatonin in promoting market growth in other regions.

For instance, in countries with an emerging urban population such as India, China, and Brazil, and regions such as the Middle East, there is a growing demand for supplements.

Growth opportunities in the melatonin industry owing to growing supplement consumption in Middle East and Asia-Pacific are prompting manufacturers to set up production units in these regions. Due to this, countries such as China have emerged as the leading producers and exporters of melatonin.

Growing preference for natural and gerbil remedies, including sleep aids. Melatonin, being a naturally occurring hormone, is viewed as a safe and non-addictive option compared to others. This is expected to further drive demand through 2033.

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As people become more aware of the importance of sleep and the prevalence of sleep disorders, the demand for melatonin as a sleep aid has increased. It helps in regulating the sleep cycle, making it a popular choice among individuals struggling with insomnia and other sleep-related issues.

In today’s fast-paced and stressful lifestyle, several individuals experience high levels of stress and anxiety. Melatonin supplements are used as a natural remedy to promote relaxation and improve sleep quality.

Another factor that promotes demand is people with shift work and jet lag. People who work night shifts or frequently travel across time zones often face challenges in maintaining a sleep schedule. Melatonin is used to adjust sleep patterns and alleviate symptoms of jet lag.

Key Takeaways from the Report:

The global melatonin industry is estimated to be valued US$ 98.5 million in the year 2023.
The United Sates is set to worth at US$ 64.7 million in the North America market by 2033.
China is anticipated to surge at 10.0% CAGR in the Asia Pacific market between 2023 and 2033.
In terms of product type, powder/tablet segment is anticipated to soar at a CAGR of 8.2% over the projection period of 2023-2033
By nature, synthetic division is poised to hold about 94.4% shares in the global market.

“Growing trend towards natural and plant-based products, will fuel growth in the market. Manufacturers are focusing on developing innovative and sustainable solutions that cater to this demand.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Robinson Pharma, Inc, Wellona Pharmaceutical, Molekula Group, Ebrator Biochemicals, Neurim Pharmaceuticals Ltd., Xi’an Gaoyuan, Flamma Group, Sisco Research Laboratories, Superior Supplement Manufacturing, Shaanxi Yuantai Biological, Vita Actives Ltd., Ankaim Inc, Nutraland USA, Inc., Spectrum Laboratory Products, Inc. and Doyin Group are key melatonin manufacturers in the melatonin market.

These companies are focussing on expanding portfolios by launching new products to remain competitive in the market.

These companies are also emphasized on the quality and purity of their products to build trust among consumers. They are also establishing partnership with retail chains, pharmacies, and online platform to ensure availability.

Key companies are also collaborated with healthcare providers to sell their products through prescription channels

For instance,

In 2020, Nutraland USA, Inc. introduced a new product to the market – melatonin made from a plant-based treatment type. The product has been certified as vegan-by-Vegan Action, thus catering to the growing demand for plant-based and cruelty-free products among consumers.
In April 2023, a new medication initiative by Celmatix Inc. that targets melatonin receptors beyond of the CNS (central nervous system) has been unveiled.
In October 2022, BudPop has unveiled a range of flavor-infused melatonin gummies that also contain CBN to help with sleeplessness and relaxation.

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Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

The study includes captivating understandings on the melatonin market based on product type (powder/tablets and liquid), nature (natural and synthetic), and treatment type (dietary supplements, pharmaceuticals), across various regions.

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Navigating the Canthaxanthin Surge: Global Market Soars to US$ 245.3 Million by 2033 | FMI

Canthaxanthin Market

In 2023, the size of the global canthaxanthin market is anticipated to surpass a valuation of US$ 125.9 million. It is anticipated to expand even more between 2023 and 2033 at a CAGR of 6.9%. By the end of 2033, it’s expected to reach US$ 245.3 million.

The growth of the convenience and processed food sectors is one of the vital factors anticipated to fuel growth in the global canthaxanthin industry. Demand for canthaxanthin is probably going to increase as the sector grows in numerous emerging nations throughout the world.

Different foods gain brilliant color from canthaxanthin, which increases their visual attractiveness to consumers. This capability has allowed its use to be broadened to include baked items, dairy products, confections, and beverages.

“There is a growing demand for natural pigmentation solutions in the food and cosmetic sectors. In order to meet this growing demand, canthaxanthin manufacturers need to engage in innovations and strategic partnerships,” – says a lead analyst at Future Market Insights (FMI).

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It is well-liked in the cosmetic sector since it has skin tanning and bronzing effects. Canthaxanthin has become a highly sought-after ingredient in cosmetic formulations as a result of the growing trend toward getting ingredients from natural and sustainable sources.

Canthaxanthin has rising uses in the pharmaceutical and nutraceutical sectors in addition to its use in the food and cosmetics sectors. Researchers are interested in it owing to its antioxidant characteristics and potential health benefits, including its ability to protect against oxidative stress and preserve eye health.

Canthaxanthin has a wide range of uses in several sectors, which has inspired producers to adopt a combination of technologies to meet the rising demand from various end users. For instance, purification processes and contemporary filtration techniques help regulate contaminants and pollutants, producing a high-quality finished good.

Key Takeaways:

The global canthaxanthin industry expanded at a CAGR of 5.3% from 2018 to 2022.
China canthaxanthin market is expected to reach a valuation of around US$ 30.3 million by 2033.
The United States canthaxanthin industry is projected to witness a 6.9% CAGR from 2023 to 2033.
The United Kingdom canthaxanthin market is anticipated to surge at a 4.8% CAGR in the next ten years.
Based on nature, the synthetic canthaxanthin segment is expected to hold a significant market share of 83.7% in 2033.

Competitive Landscape:

Canthaxanthin manufacturers would focus on developing new and improved formulations, enhancing the quality and purity of their products. They can also find innovative ways to incorporate canthaxanthin into various applications. This could involve research and development efforts to optimize production processes or explore new applications for canthaxanthin in different sectors.

Manufacturers might also explore new geographical markets or target specific customer segments to expand their customer base. This could involve entering new regions or countries where canthaxanthin demand is growing. They could also target sectors that have a high potential for canthaxanthin usage such as food, pharmaceuticals, or cosmetics.

Collaborating with other companies in the value chain such as suppliers, distributors, or end users, can be a strategy to strengthen market presence. A few manufacturers might form partnerships to improve supply chain efficiency, enhance distribution networks, or gain access to new markets.

For instance,

DSM is a global science-based company that specializes in health, nutrition, and sustainable living solutions. DSM Nutritional Products, a subsidiary of DSM, is involved in the production and distribution of a wide range of nutritional ingredients, including canthaxanthin. They offer canthaxanthin products for various applications such as food, beverages, dietary supplements, and animal nutrition.
BASF is a multinational chemical company headquartered in Germany. It is a leading supplier of chemicals, plastics, performance products, and agricultural solutions. BASF offers a diverse range of products, including canthaxanthin, which is used in the food & beverage sector for colouration purposes. It provides canthaxanthin products that comply with regulatory requirements and meet high-quality standards.

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Key Companies Profiled:

Allied Biotech Corporation
BASF SE
DSM
ROHA (A JJT Group Company)
Sensient Colors LLC.
Divi’s Laboratories Limited.
Zhejiang NHU Company Ltd
Zmc Gmbh
NOVUS INTERNATIONAL
Healtheway Xi‘an Biotechnology Co.Ltd
Guangzhou Juyuan Bio-Chem Co., Ltd.
Lemnaceae Fermentation Inc
Biosynth
Emd Millipore Corporation
FOODCHEM
INDOFINE CHEMICAL COMPANY MS
POLIFAR GROUP LIMITED
HSF Biotech
Other Players (On Additional Requests)

Canthaxanthin Market Categorization:

By Nature:

Natural
Synthetic

By End Use:

Beverage
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks), Energy Drink
- Juice Based Drinks
- Milk Drinks & Milk Alternatives
- Sports Drinks
- Flavored Water, Enhanced Water, Sparkling Waters
Bakery
- Snacks & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies & Biscuits
- Crackers & Savory Snacks
Candy / Confectionery Dairy
Meat, Poultry, Fish, & Eggs
Sauces, Soups, & Dressings
Seasonings
Dietary Supplement
Pharmaceuticals
Pet Food

By Region:

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

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Insulated Glass Market to Reach US$ 22.8 Billion by 2032, Fueled by Growing Demand in Residential Construction

The global insulated glass market is poised for substantial growth, with a projected value of US$ 13.4 Billion in 2022 expected to surge to US$ 22.8 Billion by 2032, showcasing a robust compound annual growth rate (CAGR) of 7.5% from 2022 to 2032, according to an upcoming report by Future Market Insights (FMI). The surge in demand is attributed to the rising need for energy-efficient buildings, driven by a collective global initiative to reduce carbon footprints. The increasing adoption of insulated glass in construction projects is anticipated to play a pivotal role in meeting the escalating demand for sustainable and environmentally friendly solutions in the years ahead.

Insulated glass, also known as double glazing, is a specialized type of glass that consists of two or more glass panes separated by an air or gas-filled space. This design enhances thermal performance, providing insulation against heat transfer and sound transmission. The insulated glass market has experienced significant growth in recent years, driven by the increasing demand for energy-efficient solutions in the construction and automotive industries

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Key Factors Driving the Market:

Energy Efficiency Regulations: Stringent regulations and standards aimed at reducing carbon emissions and promoting energy-efficient buildings have fueled the demand for insulated glass. Governments worldwide are implementing policies that encourage the use of energy-efficient materials, and insulated glass aligns perfectly with these initiatives.
Growing Construction Industry: The construction industry’s continuous growth, particularly in emerging economies, has been a major driver for the insulated glass market. The need for modern and sustainable infrastructure, coupled with a rising awareness of environmental issues, has propelled the adoption of insulated glass in new construction projects.
Rising Consumer Awareness: Increased awareness among consumers regarding the benefits of insulated glass, such as reduced energy costs, improved comfort, and enhanced sound insulation, has led to a surge in demand. Homeowners and businesses alike are increasingly recognizing the long-term value of investing in insulated glass solutions.
Advancements in Technology: Ongoing technological advancements in glass coatings and manufacturing processes have contributed to the development of high-performance insulated glass products. Innovations such as low-emissivity coatings and gas-filled chambers enhance the thermal and acoustic insulation properties of these glass units.

Regional Outlook:

The market’s growth is not uniform across regions. Developed economies with a focus on sustainability, such as North America and Europe, have witnessed substantial demand. Meanwhile, emerging economies in Asia-Pacific and Latin America are increasingly adopting insulated glass solutions due to rapid urbanization and infrastructure development.

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Top Key Players in the Global Market

Technical Glass Products
AGC Glass Company North America
sedak GmbH & Co. KG
CIG Glass
Innovative Glass Products
Fuso Glass India Pvt. Ltd.
Collins-Toker
Hartung Glass Industries
Glass Insulators Inc.
Intertek Group plc
Wojan Window & Door Corporation
Ramapo
Clearvue Insulating Glass

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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Disposable Cutlery Market is Projected to Reach at a US$ 2.6 Billion by 2033 | FMI

As per the recent market research conducted by FMI, the global disposable cutlery market is expected to value US$ 2.6 billion by 2033. In 2023, the market size is anticipated to be US$ 1.6 billion. The CAGR during the forecast period is projected to be at 4.9%.

The COVID-19 pandemic has taught the world to focus more on hygiene. Owing to this, the food sector has been laying lots of emphasis on cleanliness. This has led to an increase in the demand for disposable cutlery as these are hygienic and wrapped when sold by manufacturers.

The manufacturers in the market are making use of biodegradable products to put a check on land pollution. Moreover, biodegradable disposable cutleries are affordable as compared to their non-biodegradable counterparts.

The cloud kitchen market has been witnessing massive growth over the past few years. The US$ 65 billion worth of cloud kitchen market presents huge opportunities. The key players who are into cloud kitchens are making bulk purchases of disposable cutlery items. These are being given as complimentary products to the end customers.

The frozen food market is also expected to surge the sales of disposable cutlery during the forecast period. By 2025, the frozen food market is set to exceed US$ 320 billion. The wooden disposable cutleries are preferred as these are sturdy and the same time light as well. However, the adoption of plastic disposable cutleries is expected to challenge the growth as these lead to an increase in pollution.

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FMI analysts are of the view that increasing focus on hygiene, application of biodegradable products, growth of cloud kitchen market and frozen food market, and number of other factors are expected to surge the disposable cutlery market during the forecast period.

Key Takeaways:

In 2023, the market size is likely to be at US$ 1.6 billion.
By 2033, the numbers are expected to be at US$ 2.6 billion.
The market is expected to record a CAGR of 4.9%.
On the basis of regional analysis, Asia Pacific is expected to hold the leading market share.
The United States market is expected to secure a CAGR of 3.8%.
The United Kingdom is projected to register a CAGR of 4.2%.
Germany market is anticipated to witness a CAGR of 3.9%.
India market is expected to advance at a CAGR of 7.8%.
China market is projected to post a CAGR of 6.8%.
On the basis of fabrication process, the thermoforming segment is expected to hold the leading market share, and is projected to expand at a CAGR of 4.5%.
On the basis of cutlery type, the dispensed cutlery segment is projected to hold the dominant position in the market, and is anticipated to advance at a CAGR of 4.4%.

Competitive Landscape:

The manufacturers who are operating in the disposable cutlery market are taking important steps toward sustainable development. Thus, there is an increasing effort toward adopting green products. The key players are also making massive investments in mergers and acquisitions to increase their market share. There are also lots of emphasis being laid on making use of the latest technology in order to produce the product of the right dimensions. Manufacturers are investing in research and development activities to focus on quality. The idea is also to invest in marketing and sales activity in order to increase awareness about the product.

In December 2022, Huhtamaki’s MSCI score was upgraded to ‘A,’ driven by improved management practices and decreased water intensity.

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Disposable Cutlery Market Segmentation

By Product Type:

Spoon (Plastic, Wood)
Fork (Plastic, Wood)
Knife (Plastic, Wood)

By Fabrication Process:

Thermoforming
Die Cutting
Injection Molding

By Cutlery Type:

Wrapped Cutlery
Dispensed Cutlery

By Sales Channel:

Direct Sales
Distributors
E-retail
Retailers (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Discount Stores & Warehouse/Wholesale Clubs)

By End Use:

Food Service Outlets (Hotels, Restaurants & Cafes, Quick Service Restaurants)
Institutional Food Services (Cinemas, Airline & Railway Catering, Schools & Offices, Hospitals)
Household Use

By Region:

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

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Revolutionizing Markets: Citrus Solvents Ascendance to a $2.7 Billion Phenomenon by 2033

The global market for products manufactured with Citrus Solvents Market is anticipated to reach US$ 1.5 billion in 2022. The appeal of natural products is the main factor driving the market. With a CAGR of 5.5% from 2023 to 2033, it is anticipated to have produced US$ 2.7 billion by 2033.

The substance is used in a variety of industrial fields, primarily as a degreaser, paint thinner, scent, as well as insect repellant. These are also a common component in many products for home care. Home cleansers with citrus solvents are being introduced by a number of market participants, which is anticipated to boost company sales.

In place of artificial solvents, citrus solvents are also employed in personal care products. It provides certain qualities like antioxidants and scent, which raises the product’s worth. Additionally, they are employed as cleaning agents in a variety of sectors. For instance, the coating and paint industry uses it as a thinner.

These items are biodegradable and include solvents that are found in nature. Its primary constituent is citrus oil. It possesses distinctive chemical characteristics and pleasant citrus aromas that are employed in a variety of chemical applications. They are principally employed in the production of secondary cooling fluids as well as solid paints.

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Key Takeaways from the Market Study

The sales of citrus solvents increased at a CAGR of 3.9% between 2018 and 2022.
In terms of market share in 2023, the organic nature category is anticipated to command a 39.2% share.
In 2023, industrial and household cleaners are anticipated to hold a 31.2% value market share.
In 2023, direct sales will have a 58.2% market share when compared to other sales channels.
The United States’ market share in North America is predicted to be 89.6% in 2023 and to increase to 91.2% in 2033.
In 2023, Brazil is anticipated to have a 42.1% value market share.

Competitive Landscape

Mergers and acquisitions, as well as the introduction of new products, are among the primary techniques used by market participants to achieve convergence and enhance their offers. Cost reduction and increased market presence in specialized applications are the main objectives of major industry participants.

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Prominent players in the citrus solvents market are:

Lemon Concentrate S.L.
Citrosuco S.A.
Louis Dreyfus Company B.V.
Sucocitrico Cutrale Ltd.
Peace River Citrus Products
Archer Daniels Midland Company
Norkem Group
Citrus Oleo
Mentha & Allied Products Ltd.

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

The primary business of Lemon Concentrate is the distribution and marketing of all varieties of fruit juice concentrations to the food and beverage processing sector on a global scale.
The business started as a joint venture involving two extremely specialized businesses that produced processed tropical, citric fruits as well as fruit concentrates. LemonConcentrate is a reputable supplier of lemon, orange, and clementine goods with more than 50 years of expertise in the food processing along with fruit concentrates industries.

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Key Segments Profiled in the Global Citrus Solvents Market

By Nature:

Organic
Conventional

By Application:

Insecticides
Industrial & Domestic Cleaners
Paints and Coatings
Skin and Hair Care
Printing Ink
Others

By Sales Channel:

Direct Sales
Modern Trade
Specialty Store
Mono Brand Store
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Electric Dental Handpiece Market Envisioning a Surge Towards US$ 473.1 Million by 2028

According to the most recent market research report from FMI, the size of the global electric dental handpieces market was estimated to be worth US$ 331.4 million in 2021, or roughly 5.8% of the dental equipment sector overall.

Sales of electric dental handpieces are expected to increase at a 5.2% compound annual growth rate (CAGR) to reach US$ 473.1 million by 2028. It is projected that the market for brush motors would expand at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2028.

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A dental handpiece is an instrument used to hold dental burs, disks, or cups in order to perform tooth removal or to perform cleaning and polishing of teeth or restorative material. The instrument is available in two modalities that includes air driven and electrically driven handpieces. It is powered by either electric motor or air turbines.

Electric Dental Handpiece Market: Dynamics The growth of the global electric dental handpiece market is helped by a lot of factors. Mostly the technological advancements have been a contributor in the market’s growth. The increase in dental disorders also plays a crucial role in augmenting market revenue. People have started using more artificial products and there is a visible increase in the carelessness towards teeth, which has increased the rate of dental disorders. There is also an increase in the spending of people on costly dental treatments.However not every region is economically stable, which makes certain countries within such regions incapable of purchasing these costly instruments. Stringent regulations on the manufacturing of dental devices in under developed regions can be a factor that restricts revenue growth of the global electric dental handpiece market.

Segmental Analysis

Based on the regional analysis, North America dominates the market with a higher revenue share than other regions. However, Western Europe is expected to lead in terms of a high CAGR of 5.7% during the forecast period
Based on motor type, brushless motors is the dominating segment of the market, and it is also the fastest growing segment with a CAGR of 5.8% during the forecast period
In terms of end user, the dental clinics segment leads the market with the maximum revenue and the highest growth rate

Global Electric Dental Handpiece Market: Competitive Landscape

This research report lists the top companies in the market along with brief business profiles. These profiles include the current as well as the future strategies of the companies studied. According to the market analysis, A-dec Inc. held the maximum revenue share in 2016. Some of the other major players mentioned in the report include

KaVo Dental GmbH (Danaher Corporation)
Dentsply Sirona Inc.
Nakanishi Inc.
A-dec Inc.
Bien-Air Medical Technologies
SciCan Ltd.
DentalEZ Group
Brasseler USA
W&H Dentalwerk Bürmoos GmbH
Lares Research etc.

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Key Segments of Electric Dental Handpiece Industry Survey Electric Dental Handpiece Market by Motor Type

Brush Motors
Brushless Motors

Electric Dental Handpiece Market by End User

Hospitals
Dental Clinics
Others

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.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Energizing Investments: Exploring the US$39.3 Billion Power Transformer Market Landscape

Power transformers are indispensable elements in electrical infrastructure, facilitating the transmission and distribution of electricity across vast networks.

The power transformer market is projected to grow at a 5% CAGR, with a global market value of US$ 24.1 billion in 2023. According to Future Market Insights (FMI), the market is anticipated to surpass US$ 39.3 billion by the end of 2033.

In order to transmit electricity between networks with minimal loss and frequency shift, power transformers are essential parts of power grids. In the upcoming years, the demand for power transformers will be fueled by rising investments in the construction of power grid networks and distribution channels to provide access to electricity in rural places.

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Here’s an exploration of their significance:

Essential Link in Energy Transmission: Power transformers serve as crucial links in the energy transmission chain, allowing electricity generated at power plants to be efficiently transmitted over long distances. By stepping up the voltage for transmission and stepping it down for distribution, these transformers ensure the reliable delivery of electricity to end-users.
Voltage Regulation and Stability: One of the primary functions of power transformers is voltage regulation and stability. They help maintain voltage levels within acceptable limits, ensuring consistent and reliable power supply to consumers. Through careful design and precise control mechanisms, transformers play a vital role in balancing supply and demand in electrical grids.
Grid Expansion and Modernization: As electrical grids expand and modernize to meet growing energy demands, the role of power transformers becomes increasingly critical. New installations and upgrades of power transformers enable grid operators to enhance network capacity, improve reliability, and integrate renewable energy sources more effectively.
Efficiency and Energy Conservation: Power transformers contribute to energy conservation and efficiency by minimizing losses during the transmission and distribution of electricity. Advanced transformer designs, including those with high-efficiency cores and low-loss materials, help reduce energy wastage and enhance overall grid performance.
Support for Renewable Energy Integration: With the growing adoption of renewable energy sources such as wind and solar power, power transformers play a pivotal role in integrating these intermittent energy sources into the grid. Transformers facilitate the smooth integration of renewable energy generation by efficiently managing fluctuations in output and ensuring grid stability.
Emergency Backup and Grid Resilience: Power transformers also serve as critical components of emergency backup systems and grid resilience strategies. By providing backup power and enabling rapid restoration of service in the event of outages or emergencies, transformers help maintain grid reliability and resilience in challenging conditions.

Competitive Landscape:

Market companies are focused on creating and manufacturing green transformers in order to generate clean energy and acquire a substantial competitive advantage.

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Key Companies Profiled

ABB
Siemens
General Electric
Toshiba Corporation
Schneider Electric
Crompton Greaves
Hyosung Power & Industrial Systems Performance Group
Hyundai Heavy Industries Co. Ltd.
Mitsubishi Electric Corporation
Bharat Heavy Electricals Limited

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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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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