Digital Elevation Model Market Soars: Experiences 16.9% CAGR, Surpassing US$ 4,750 Million by 2029

It is anticipated that the global market for digital elevation models would grow at an astounding rate, with sales likely to reach US$ 1,379.7 million in 2021. It is anticipated to have a robust Compound Annual Growth Rate (CAGR) of 16.9% and a US$ 4,750.0 million valuation by 2029.

Providers of digital elevation models are seeing tremendous development potential due to the increasing need to plan ahead for barrier building in real-world applications and to monitor water and mineral assets. Digital elevation models are expected to sell for over $1 billion worldwide by the end of 2019 and to expand at an astounding 16% CAGR through 2029.

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Drivers and Opportunities:

The Digital Elevation Model Market commands a substantial 10% market share within the Geographic Information System (GIS) industry on a global scale. This surge can be attributed to the escalating adoption of digital elevation model software across an array of applications. Notably, it plays a pivotal role in hydrological modeling, bathymetric analysis, disaster prevention, infrastructure development, agriculture, 3D visualization, 3D mapping, gravity measurements, terrain correction, and more.

A particularly promising growth avenue lies in the increasing adoption of digital elevation model services. Services such as rendering 3D visualization, DEM maps in 2D or 3D CAD, creating building layouts, and generating relief maps, as well as rectification of satellite images, are expected to witness lucrative expansion throughout the forecasted period.

Competitive Landscape – Regional Trends:

As the Digital Elevation Model Market surges ahead, it presents an intricate competitive landscape. Regional trends are a significant facet of this growth narrative. Diverse geographical regions are experiencing unique patterns of adoption and implementation, driving the market’s evolution.

Restraints:

While the Digital Elevation Model Market is poised for substantial growth, it does face certain limitations and challenges. These encompass technological constraints, data accuracy issues, and regulatory hurdles. Nevertheless, innovative solutions are continuously emerging to address these restraints, offering a silver lining for market expansion.

Region-wise Insights:

Region-wise insights into the Digital Elevation Model Market illuminate the varied dynamics at play. Differing regional priorities, economic conditions, and infrastructure demands contribute to the nuanced development of this market across the globe.

Category-wise Insights:

Within the Digital Elevation Model Market, various categories are emerging with distinct growth trajectories. Understanding these category-wise insights is critical for stakeholders seeking to capitalize on specific opportunities within the market.

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Digital Elevation Model Market Outlook by Category

By Tools:

  • Firstly, Digital Elevation Model Software
  • Secondly, Digital Elevation Model Services
  • Furthermore, Rendering 3-D Visualization
  • Additionally, DEM Maps in 2D or 3D CAD
  • Moreover, Building Layouts and Relief Maps
  • In addition, Rectification of Satellite Images and Aerial Photograph
  • Besides, Drainage and Sight Analysis

By Application:

  • On the one hand, Hydrological Modeling and Bathymetric Analysis
  • On the other hand, Disaster Prevention
  • Similarly, Infrastructure
  • Likewise, Agriculture
  • Equally important, 3D Visualization
  • Additionally, Mapping
  • Notably, Gravity Measurements Terrain Correction or Reduction

By Industry:

  • Correspondingly, Telecommunication
  • Similarly, Planning and Construction
  • Likewise, Transportation and Tourism
  • Additionally, Oil and Mining
  • Furthermore, Aviation
  • Moreover, Geological
  • In addition, Weather
  • Lastly, Military and Defence

Region:

  • Firstly, North America
  • Secondly, Latin America
  • Additionally, Western Europe
  • Moreover, Eastern Europe
  • Furthermore, Asia Pacific Excluding Japan
  • Equally important, Japan
  • Besides, Middle East and Africa

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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.

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Surge Protection Device Market Set to Skyrocket: Projections Forecast a US$6,256.50 Million Industry by 2034

In 2024, the market for surge protection devices is expected to be valued at US$ 2,864.50 million. By 2034, the market is probably going to reach US$ 6,256.50 million. From 2024 to 2034, the market is anticipated to grow at a CAGR of 8.10%.

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Global Surge Protection Devices Market: Dynamics

The global market for surge protection devices is expanding as a result of rising demand for surge arresters in locomotive applications and greater emphasis on reducing lightning’s harmful effects. However, a lack of component-level testing and a drawn-out warranty claim process is preventing the worldwide surge protection devices market from growing in terms of revenue over the anticipated timeframe.

Global Surge Protection Devices Market: Key Players

Some of the top companies identified across the surge protection devices value chain are

  • Eaton Corporation,
  • Schneider- Electric. Co,
  • Siemens AG,
  • ABB Group,
  • General Electric,
  • Emerson Electric Co.,
  • Littelfuse, Inc.,
  • Koninklijke Philips N.V,
  • Rockwell Automation, Inc., and
  • Honeywell International Inc.

Key players are introducing technologically advanced surge protector devices that can be deployed in various applications such as residential, commercial, and industrial and this factor is boosting the growth of the surge protection devices market globally.

Global Surge Protection Devices Market: Forecast by Type

The global surge protection devices market is categorized based on type, end-user, and region. Based on type, the market is segmented as type 1, type 2, and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017.

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Market Taxonomy

By Type:

  • Type 1
  • Type 2
  • Type 3

By End-User:

  • Industrial
  • Commercial
  • Residential

Key Regions covered:

  • North America
  • The U.S.
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Western Europe
  • Germany
  • France
  • The U.K.
  • Spain
  • Italy
  • Benelux
  • Nordic
  • Rest of Western Europe
  • Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
  • APEX
  • China
  • India
  • Australia & New Zealand
  • ASIAN
  • Rest of APAC
  • Japan
  • META
  • GCC Countries
  • Turkey
  • South Africa
  • North Africa
  • Rest of MEA

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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.

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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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The purpose of a surge-protected appliance or gadget is to shelter electrical equipment against voltage peaks. A surge protector either shorts to ground or blocks any improper voltages that are greater than what is permitted in order to lower the power delivered to electrical devices.

Driving Global Expansion: GPS Tracker Market Projected to Reach US$ 3,131.1 Million by 2024

According to a recent report published by Future Market Insights, titled “GPS Tracker Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” the global GPS tracker market is poised for remarkable expansion, with revenue projected to reach US$ 3,482.3 million by 2027. This indicates a substantial Compound Annual Growth Rate (CAGR) of 8.4% during the forecasted period. The surge in revenue can be attributed to both the traditional applications of GPS trackers and the emergence of innovative applications in the market, bolstered by the entry of niche players.

The GPS tracker market is witnessing significant growth, primarily driven by the introduction of new applications utilizing the GPS tracking system. As technology advances, innovative use cases have emerged, contributing to the market’s rapid expansion. Additionally, the continued adoption of GPS trackers in conventional applications, such as preventing theft of valuables, is further fueling market growth.

The adoption of GPS trackers in various industries and sectors has brought about a wide range of applications. Industries like logistics, transportation, and fleet management have found immense value in using GPS trackers to optimize their operations and enhance overall efficiency. Moreover, sectors like personal safety, pet tracking, and elderly care have also witnessed increased demand for GPS tracking solutions.

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Global GPS Tracker Market: Recommendations

  • Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers
  • GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned
  • Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers
  • For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted

Global GPS Tracker Market: Forecast by Type

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

Global GPS Tracker Market: Forecast by Industry

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period.

Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Million and is expected to witness steady growth in terms of revenue throughout the forecast period.

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Global GPS Tracker Market: Forecast by Application

On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027.

Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.

Global GPS Tracker Market: Forecast by Region

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period.

In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

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Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

Conclusion:

The GPS Tracker Market is poised for remarkable growth, offering extensive opportunities for industry players and investors. Future Market Insights’ comprehensive report serves as a valuable guide for businesses and decision-makers seeking to navigate the evolving GPS tracker landscape. With a focus on key regions, leading players, driving factors, and challenges, this report equips stakeholders with essential insights to make informed decisions in this dynamic market.

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Future Market Insights is an esteemed market research and consulting firm, providing authoritative market intelligence to clients across the globe. As an ESCOMAR certified firm, FMI is committed to delivering accurate and actionable insights, assisting businesses in making strategic decisions to achieve sustainable growth.

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Advanced Analytics Market Set to Skyrocket, Projected Worth of US$ 26.7 Billion by 2034

The growth of self-service analytics is expected to propel the worldwide advanced analytics market to US$ 15,149.8 million by 2024. The trend is anticipated to open up new market possibilities, resulting in a predicted 5.8% compound annual growth rate (CAGR) between 2024 and 2034 and a total valuation of around US$ 26,688.0 million by that year.

Investing in analytics talent and training is one of the main drivers of the advanced analytics market’s expansion. Organizations are investing in training programs and recruiting experts in data science, machine learning, and advanced analytics because they understand how important having qualified staff is. Developing a staff that understands data is essential to getting the most out of analytics expenditures.

Collaborative analytics tools enable teams to work together on data analysis projects in real-time. The trend fosters collaboration among business analysts, data scientists, and other stakeholders, facilitating better decision-making processes.

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The potential integration of quantum computing with analytics, while still in the early stages, holds promise for solving complex problems and performing computations at a scale that traditional computers may struggle with.

The optimization of supply chain processes through analytics is gaining prominence. Organizations are leveraging advanced analytics to enhance visibility, predict demand, optimize inventory, and improve overall supply chain efficiency.

Advanced analytics enables businesses to create personalized customer experiences by analyzing data on individual preferences, behaviors, and demographics. Customer segmentation strategies are becoming more sophisticated, allowing for targeted marketing and product recommendations.

The combination of analytics with augmented and virtual reality technologies is opening new possibilities for data visualization and immersive analytics experiences. The trend is particularly relevant in industries such as manufacturing, where AR and VR can be used for virtual simulations and training.

Key Takeaways from the Market Study

  • Global advanced analytics market was valued at US$ 14,355.5 million by 2023-end.
  • From 2019 to 2023, the market demand expanded at a CAGR of 5%.
  • The market in India is expected to expand at a CAGR of 6% through 2034.
  • By industry, the BFSI segment to account for a share of 22.6% in 2024.
  • From 2024 to 2034, advanced analytics market is expected to flourish at a CAGR of 8%.
  • By 2034, the market value of advanced analytics is expected to reach US$ 26,688.0

The integration of blockchain technology with analytics enhances data integrity, security, and transparency. Analytics tools can be used to gain insights from blockchain data, providing valuable information for industries like finance, supply chain, and healthcare, remarks an FMI analyst.

Competitive Landscape

Prominent players in the advanced analytics market are Altair Engineering, Inc., Fair Isaac Corporation, International Business Machines Corporation, KNIME, Microsoft Corporation, Oracle Corporation, RapidMiner, Inc., SAP SE, SAS Institute Inc., Trianz, Infor, and Teradata, among others.

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Restraints:

Despite the market’s promising growth trajectory, certain restraints hinder its seamless progression. Concerns regarding data privacy and security remain paramount, posing challenges for widespread adoption. Moreover, the complexities associated with integrating advanced analytics solutions into existing systems and the lack of skilled professionals act as barriers impeding market growth.

Key Companies Profiled        

  • Altair Engineering, Inc.
  • Fair Isaac Corporation
  • International Business Machines Corporation
  • KNIME
  • Microsoft Corporation
  • Oracle Corporation
  • RapidMiner, Inc.
  • SAP SE
  • SAS Institute Inc.
  • Trianz
  • Infor
  • Teradata

Recent Developments

  • In 2023, Microsoft announced the launch of its new Azure Machine Learning Studio platform, which features a new visual drag and drop interface that makes it easy to build and deploy AI and ML models. The new platform is designed to make AI and ML more accessible to businesses of all sizes.
  • In 2022, Teradata announced the launch of its new Aster Analytics platform, which features a new in memory architecture that enables businesses to perform real time analytics on large datasets. The new platform is designed to help businesses make better decisions faster by providing them with the insights they need to understand their customers, predict future trends, and optimize their operations.
  • In 2021, Oracle announced the launch of its new Oracle Analytics Cloud platform, which features a unified platform for data warehousing, business intelligence, and machine learning. The new platform is designed to help businesses of all sizes make better decisions by providing them with the insights they need to understand their customers, predict future trends, and optimize their operations.

Segmentation Analysis of the Advanced Analytics Market

By Solution:

  • Big Data Analytics
  • Visual Analytics
  • Risk Analytics
  • Social Media Analytics
  • Predictive Analytics
  • Other Solutions

By Industry:

  • BFSI
  • Healthcare
  • Government
  • Defense
  • Retail & Consumer Goods
  • Other Industries

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

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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
For Sales Enquiries: sales@futuremarketinsights.com
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Front Office BPO Services Market Key Players, End User, Demand and Consumption by 2022

Future Market Insights (FMI), in one of its recent research reports, has projected the global front office BPO services market to exhibit a CAGR of 7.4% throughout the forecast period (2017-2022). The global front office BPO services market is estimated to surpass US$ 200,000 Mn in revenues by 2022-end.

Shifting focus towards Non-voice Contact Centre Channel – A Key Trend

The global market for front office BPO services has experienced a significant expansion over the past few years. This can be primarily attributed to robust economic expansion worldwide, and surge in revenues from customer relations management, insurance, human resource, and finance & accounting. Outsourcers bring various competitive benefits, while aiming to tap into new businesses.

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Emergence of digital channel management capabilities, and the data protection provisions are one of the major trends being witnessed in the global front office BPO services market. In addition, shifting focus towards non-voice contact centre channels, and digitisation of the customer touch-points are other key trends being observed in the market.

Industries focusing on Expansion by Offshoring their Business Operations to Front Office BPO Services

Several predominant industries from various verticals such as healthcare & pharmaceuticals, BFSI, and manufacturing, are concentrating on expansion of their business, and gaining access to new markets by offshoring their operations to the front office BPO services. These industries are relocating their production base, and service delivery points closer to areas of their end-users. Offshoring the business operations helps industries in mitigating risks, as their business functions, which are difficult to control & manage, are handled by external companies, while realising their benefits.

Key Research Findings from FMI’s Report on Global Front Office BPO Services Market

  • In terms of revenues, manufacturing will continue to be the most lucrative vertical in the global front office BPO services market. Revenues from manufacturing vertical are estimated to exceed US$ 40,000 Mn by 2022-end. In contrast, education will remain the least lucrative vertical for front office BPO services. Front office BPO services are projected to witness the fastest expansion in BFSI vertical through 2022, followed by healthcare and pharmaceuticals.
  • On the basis of service type, customer management services are expected to remain dominant in the global front office BPO services market. Customer management services are projected to account for approximately two-third revenue share of the market over the forecast period. Document management services, on the other hand, will remain comparatively less lucrative than customer management services in the market.
  • Asia-Pacific excluding Japan (APEJ) has been projected to register the fastest expansion in the market, with sales poised to reach nearly US$ 30,000 Mn in revenues by 2022-end. Middle East & Africa (MEA), and Japan will also witness an impressive expansion in the market through 2022. Although North America and Europe will register relatively lower CAGRs through 2022, these two regions are anticipated to remain the largest market for front office BPO services in terms of revenues.

A tremendous surge has been witnessed in the practice adopted by several industries in approaching front office BPO service providers to perform their business functions. Industries are able to save time, and labour & operational costs, with the help of front office BPO services.

These industries, having great expertise in development & design of their products, lack in bandwidth and access to resources when it comes to customer services. These are catered by front office BPO services, which by leverage their global knowledge base to access world class capabilities.

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Company Profiles

FMI’s report has offered insights on key companies operating in the global front office BPO services market, which include Xerox Corporation, Hewlett Packard Enterprise Co., Convergys Corp., Sitel Worldwide Corporation, IBM Global Services, Williams Lea Limited, Ricoh USA, Inc., Atento S.A., Alliance Data Systems Corporation, and TeleTech Holdings, Inc.

Market Taxonomy

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Service Type

  • Customer Management Services
  • Document Management Services

Vertical

  • BFSI
  • Manufacturing
  • Healthcare & Pharmaceuticals
  • Retail & Consumer Goods
  • IT & Telecommunication
  • Aerospace & Defense
  • Education
  • Services & Logistics
  • Other Vertical

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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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Gelatin Substitute Market Surges: A Booming Investment Opportunity for Health-conscious Consumers and Ethical Investors Amid Growing Demand for Sustainable Alternatives

Gelatin Substitute Market
Gelatin Substitute Market

The Gelatin Substitute Market is driven by clients seeking out solutions that are both morally and nutritionally sound and who are health-conscious. Growth is anticipated to continue because of the market’s abundance of sustainable products.

Alternatives to gelatin are progressively taking the place of gelatin items, which are created from animal bones along with skin, tendons, cartilage, and ligaments. As the world’s vegan and vegetarian population rises, more companies are realising that gelatin alternatives are better for their goods. The market for gelatin substitutes is anticipated to reach a valuation of US$ 4.0 billion by 2032, expanding at a 14.4% compound yearly growth rate.

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Agar agar is the most popular and extensively used gelatin substitute in the food industry. The flavourless gelling component comes in powder, flakes or bar form and is manufactured from boiled and pressed seaweed. When used in any recipe, the product gels without the need for refrigeration and takes about an hour to set.

Another well-known gelatin alternative is carrageen, sometimes referred to as Irish moss and another type of seaweed. Raw forms of this substance can be found in coastal waters close to North America, France, and Ireland. It produces gels and puddings that are softer. However, pectin, which is present in apple cell walls, is essentially a fibre. The product creates a gel-like substance when heated and combined with sugars and acids, creating a

“Increasing demand for vegan packaged food and bakery products, along with ongoing expansion in the food and beverage sector across emerging economies will fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, sales of agar agar are expected to remain high over the forecast period.
  • In terms of applications, demand in the food industry will continue gaining traction.
  • The U.S. will continue dominating the North America gelatin susbtitutes market, owing to high demand for vegan alternatives.
  • Japan will account for a dominant share in the East Asia gelatin susbtitutes market over the forecast period due to high production and consumption volume of agar agar.
  • Demand in the U.K. gelatin substitute market will increase at a considerable pace amid surging adoption of vegan bulking agents in food products.
  • Demand for gelatin substitutes grew at 12.7% CAGR between 2017 and 2021.

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Competitive Landscape

Key gelatin substitutes brands are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions and collaborations with food and beverage manufacturers to gain a competitive edge in the market.

NOW Foods, Tilley Company, The Agar Company (B&V SRL), AGARMEX, S.A. DE C.V., and Java Biocolloid (Hakiki Group) are expected to be the top players in the global gelatin substitutes market.

Gelatin Substitutes Market by Category

By Product Type:

  • Agar-Agar
  • Carrageen
  • Pectin
  • Cornstarch
  • Xanthan Gum
  • Guar Gum
  • Arrowroot
  • Instant Clear Gel
  • Kudzu
  • Others

By Packaging Type:

  • Bag
  • Bottle
  • Box
  • Pouch
  • Others

By Flavor:

  • Unflavoured
  • Flavoured
    • Apple
    • Berry
    • Coffee
    • Grape
    • Raspberry
    • Strawberry
    • Vanilla
    • Watermelon

By Product Form:

  • Capsules
  • Gummies
  • Powders
  • Soft gels
  • Others

By Application:

  • Food Industry
    • Baking Products
    • Chocolate and Confectionery
    • Dairy & Desserts
    • Others
  • Pharmaceutical Industry
  • Cosmetics and Personal Care Industry
  • Dietary Supplements
  • Microbiology and Plant Propagation
  • Others

By Sales Channel:

  • B2B / HoReCa
  • B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
Learn to further your career. Ask our analyst your most important questions to obtain the answers you need  :
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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global gelatin substitutes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (agar-agar, carrageen, pectin, corn-starch, xanthan gum, guar gum, arrowroot, instant clear gel, kudzu, and others), packaging type (bag, bottle, box, pouch, and others), flavor (unflavoured and flavoured), product form (capsules, gummies, powders, soft gels, and others), application (food industry, pharmaceutical industry, cosmetics and personal care industry, dietary supplements, microbiology and plant propagation, and others), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

About Future Market Insights, Inc.

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
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The Gelatin Substitute Market A Lucrative Investment Opportunity for Health-conscious Consumers and Ethical Investors | FMI

Gelatin Substitute Market
Gelatin Substitute Market

The Gelatin Substitute Market is expanding, driven by the growing desire for vegetarian and plant-based substitutes. This expansion is being motivated by clients who are concerned about their health and are seeking out ethically and nutritionally sound options. The market’s large selection of sustainable products is projected to fuel future growth.

Gelatin substitutes are progressively replacing gelatin items, which are derived from animal bones together with skin, tendons, cartilage, ligaments, and hooves. Many companies have found that gelatin alternatives are better solutions for their products as the number of vegans and vegetarians worldwide rises. The market for gelatin substitutes is projected to develop at a compound yearly growth rate of 14.4% and reach a value of US$ 4.0 billion by 2032.

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Agar agar is the most popular and extensively used gelatin substitute in the food industry. The flavourless gelling component comes in powder, flakes or bar form and is manufactured from boiled and pressed seaweed. When used in any recipe, the product gels without the need for refrigeration and takes about an hour to set.

Another well-known gelatin alternative is carrageen, sometimes referred to as Irish moss and another type of seaweed. Raw forms of this substance can be found in coastal waters close to North America, France, and Ireland. It produces gels and puddings that are softer. However, pectin, which is present in apple cell walls, is essentially a fibre. The product creates a gel-like substance when heated and combined with sugars and acids, creating a

“Increasing demand for vegan packaged food and bakery products, along with ongoing expansion in the food and beverage sector across emerging economies will fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, sales of agar agar are expected to remain high over the forecast period.
  • In terms of applications, demand in the food industry will continue gaining traction.
  • The U.S. will continue dominating the North America gelatin susbtitutes market, owing to high demand for vegan alternatives.
  • Japan will account for a dominant share in the East Asia gelatin susbtitutes market over the forecast period due to high production and consumption volume of agar agar.
  • Demand in the U.K. gelatin substitute market will increase at a considerable pace amid surging adoption of vegan bulking agents in food products.
  • Demand for gelatin substitutes grew at 12.7% CAGR between 2017 and 2021.

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Competitive Landscape

Key gelatin substitutes brands are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions and collaborations with food and beverage manufacturers to gain a competitive edge in the market.

NOW Foods, Tilley Company, The Agar Company (B&V SRL), AGARMEX, S.A. DE C.V., and Java Biocolloid (Hakiki Group) are expected to be the top players in the global gelatin substitutes market.

Gelatin Substitutes Market by Category

By Product Type:

  • Agar-Agar
  • Carrageen
  • Pectin
  • Cornstarch
  • Xanthan Gum
  • Guar Gum
  • Arrowroot
  • Instant Clear Gel
  • Kudzu
  • Others

By Packaging Type:

  • Bag
  • Bottle
  • Box
  • Pouch
  • Others

By Flavor:

  • Unflavoured
  • Flavoured
    • Apple
    • Berry
    • Coffee
    • Grape
    • Raspberry
    • Strawberry
    • Vanilla
    • Watermelon

By Product Form:

  • Capsules
  • Gummies
  • Powders
  • Soft gels
  • Others

By Application:

  • Food Industry
    • Baking Products
    • Chocolate and Confectionery
    • Dairy & Desserts
    • Others
  • Pharmaceutical Industry
  • Cosmetics and Personal Care Industry
  • Dietary Supplements
  • Microbiology and Plant Propagation
  • Others

By Sales Channel:

  • B2B / HoReCa
  • B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
Learn to further your career. Ask our analyst your most important questions to obtain the answers you need  :
https://www.futuremarketinsights.com/ask-question/rep-gb-15193

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global gelatin substitutes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (agar-agar, carrageen, pectin, corn-starch, xanthan gum, guar gum, arrowroot, instant clear gel, kudzu, and others), packaging type (bag, bottle, box, pouch, and others), flavor (unflavoured and flavoured), product form (capsules, gummies, powders, soft gels, and others), application (food industry, pharmaceutical industry, cosmetics and personal care industry, dietary supplements, microbiology and plant propagation, and others), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

About Future Market Insights, Inc.

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Mouth Freshener Market: Emerging Trends, Innovative Packaging, and Health-conscious Consumer Shifts Drive Market Expansion, Promising Opportunities for Investors

mouth freshener market 
mouth freshener market

According to a latest report by FMI, the global mouth freshener market size has a compound annual growth rate (CAGR) of 6.3 percent, with a projected value of US$ 18,150.3 million in 2022 and US$ 33,436.16 million by 2032.

The global market share of mouth fresheners is being driven by the increasing awareness of oral hygiene among children and adults. Tooth discoloration and bad breath are a couple of the oral health issues that can result from smoking, drinking alcohol, and using tobacco products. These are significant factors that affect mouth freshener demand, and it is anticipated that they will support future growth in mouth freshener sales.

Another new development in the mouth freshener industry is the use of creative packaging materials and designs, such as flip-top base packaging or sliding door type packaging.

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During the projected period, increased product portfolios and the use of various marketing strategies are anticipated to increase demand for mouth fresheners. Sales of mouth fresheners are expected to rise as a result of the growing popularity of sugar-free mouthwash among consumers who are concerned about their health.

Gum, breath fresheners, and mint now contain chemicals like caffeine, ginseng, and guarana, among others, and this is helping to increase the market share for mouth fresheners.

Customers enjoy using mouthwash after meals in countries like India. In the near future, market growth for mouth fresheners is anticipated to be aided by the accessibility of a wide variety of mouth fresheners.

Nevertheless, throughout the anticipated period of 2022–2032, government regulations and interventions are anticipated to restrain the expansion of the mouth freshener market. While the adverse effects of mouth freshener use are anticipated to restrain the market’s expansion.

Due to the steadily rising demand for mouth fresheners, major mouth freshener manufacturers are releasing new tastes like mint, fruit, menthol, herbs, and spices. These data point to a promising future for the global mouthwash market.

Key Takeaways from Mouth Freshener Market Study

  • Mint candy is one of the most popular mouth fresheners, accounting for 39% of the market in 2021. One of the primary factors driving the segment’s growth is the product’s widespread availability in various countries.
  • The retail outlets sector is likely to maintain its dominance in the mouth fresheners market in terms of market share.
  • North America maintained its 44 percent market share in 2021 and is predicted to grow fast.
  • Due to the high demand and use of alcohol and tobacco, the United States accounts for the majority of the mouth fresheners market in North America and is expected to grow at a CAGR of approximately 3.6 percent over the projected period.
  • Asia Pacific is predicted to see considerable growth in the mouth fresheners market due to growing consumption of smokeless tobacco such as dip, snuff, snus, and chewing. Furthermore, the sweet consuming tradition adopted by nations such as India, Nepal, and Pakistan during festivals and occasions contributes to higher sales of mouth fresheners.

“Increasing awareness about oral care, as well as rising cigarette and alcohol consumption, are expected to drive demand for mouth fresheners throughout the forecast period. This factor is projected to increase the sales of mouth fresheners, hence fueling the growth of the mouth freshener market.”- Future Market Insights Analyst.

Improve your oral hygiene with premium mouth fresheners and experience the difference by embracing freshness now :
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Competitive Landscape

The global mouth freshener market is highly fragmented. Due to the low cost of production, the mouth freshener market is seeing an increase in the number of small vendors.

Mouth freshener market players are significantly contributing to market growth by adopting various tactics such as merger and acquisition, expansion, new marketing approaches, investment for small businesses, and new product releases to stay competitive in the industry.

For example, Perfetti Van Melle-owned brand Mentos announced in 2018 the launch of new Mentos CleanBreath hard mints, which will provide clean and fresh breath for approximately 30 minutes.

The following companies are among the major players in the global mouth freshener market: Kraft Foods Inc., Perfetti Van Melle, Lotte, Haribo GmbH & co., Midas Care, Dabur Binaca, and Cadbury Trebor Basset.

Key Segments

By Type:

  • Mouth Sprays
  • Breath Strips
  • Flavored Candles
  • Chewing Gums
  • Others

By Distribution Channel:

  • Sugar-free
  • Conventional

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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Recent Developments in Mouth Freshener Market:

  • July 15th, 2021- Ferndale Confectionery, a key player in the global mouth freshener market, constructed a new factory in Ballarat.
  • Colgate-Palmolive Company introduced Colgate Plax liquid mouth freshener, which was well received by consumers and contributed significantly to total growth.
  • In October 2018, Tom’s of Maine postponed the release of its new silly strawberry natural mouthwash for youngsters.
  • Colgate has announced that their CBD product line, which includes mouthwash, toothpaste, and dental floss, will be available in February 2020.

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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Charged Up: Electric Scooter Sales Projected to Reach US$ 24.8 Billion by 2033

The electric scooter market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 9.1% from 2023 to 2033. Sales of electric scooters are anticipated to surge from US$ 10.4 billion in 2023 to US$ 24.8 billion by 2033.

This growth is fueled by increased investment in Research and Development, particularly in upgrading rechargeable batteries, coupled with advancements in e-scooter technology. Electric scooters are gaining popularity as consumers become more aware of their benefits. The rise of e-scooter sharing services has also expanded their accessibility to a broader audience, contributing to increased usage. Moreover, ongoing development efforts are focused on diversifying the types of electric scooters available and enhancing their performance, ensuring continued market expansion.

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Key Takeaways:

  • China electric scooters market is expected to hold a market share of nearly 80% in the Asia Pacific region during the forecast period.
  • China is also expected to be one of the fastest-growing markets during the forecast period.
  • Based on the product type, the maxi electric scooters are expected to have the highest share in the electric scooters market. Based on the battery type, the lead-based battery type is expected to have the highest electric scooters market share during the period 2022-2032.
  • Based on the technology, battery technology is expected to have the highest market share during the forecast period.

Competitive Landscape:

The key players are currently investing in strategic partnerships. The reason is that they want to implement the state-of-the-art technology that has been developed by players from other industries like the semiconductor sector, electronics sector, etc. This would certainly enable them to leverage the technology in the electric scooters and assist them in delivering a seamless user experience.

Some of the recent developments in the electric scooters market are:

  • In July 2022, Ather announced that it planned to boost electric scooters production tenfold.
  • In September 2022, Yamaha opened ‘Blue Square’ premium outlet in Bhubaneswar. The outlet would offer engaging customer experience, and showcase Yamaha’s entire range of two wheelers, apparels and accessories.

Key Companies Profiled

Alta Motors, Ather Energy, BMW Motorrad International, Cezeta, Energica Motor Company, Hero Eco, Johammer e-mobility GmbH, KTM AG, Mahindra GenZe, Ninebot Limited, Okinawa Autotech Pvt. Ltd, ReVolt Electric Motorbikes, Xiaomi, Yamaha Motor Company Limited.

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Key Segments in the Electric Scooter Market

By Product Type:

  • Standard
  • Folding
  • Self-Balancing
  • Maxi
  • Three-Wheeled

By Battery Type:

  • Li-Ion
  • NiMH
  • Lead-Based

By Technology:

  • Plug-In
  • Battery

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Sales of Used Bikes through Bike Marketplace Projected to Reach US$ 68 Billion by 2032

The sales of used bikes through bike marketplaces are expected to witness a steady growth trajectory, with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. However, as awareness regarding the availability of used bikes through bike marketplaces increases, sales are projected to soar to US$ 68 billion by 2032. The Internet plays a pivotal role in driving the demand for used bikes, with the emergence of numerous websites facilitating the purchase of used bikes or showcasing portfolios for offline sales.

Bike shops worldwide experienced inventory shortages as listings from manufacturers slowed down significantly. As a result, consumers turned to online platforms and marketplaces to fulfill their biking needs, further driving the sales of used bikes through digital channels.

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Key Takeaways

  • The historical size of the global used bike marketplace in the year 2021 is estimated to be around US$ 38.2 Billion.
  • The yea-on-year growth rate of the used bike marketplace is found to have improved from that of 4% recorded during the time period covering 2017 to 2021.
  • On the basis of distribution channel, customer to customer method of business is the dominating segment with 62.8% contribution.
  • Imported bikes accrue almost 63% of the total sales of used bikes through bike marketplace achieved by the global market.
  • Bikes with an engine capacity ranging between 150 CC to 200 CC is figured out to be the highest selling segment for the sales ofused bikes through bike marketplace.
  • In consistent with the fact, super bikes are the most popular segment with 25.2% market share and higher profit margin for the sales ofused bikes through bike marketplace.
  • Used electric bikes for sale through marketplaces has surfaced to be rapidly gaining traction against petrol bikes, by acquiring nearly 31.7% of the total market in a very short time.

Competitive Landscape

Some of the market key players includes Droom, CredR, Bikedekho, Bikewale, Mahindra First Choice, Bikers Highway, OLX, Quicker, Use Motorcycle Store, and Bicycle Bluebook among others.

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Key Segments

By Distribution Channel:

  • Customer to Customer
  • Business to Customer

By Source:

  • Domestic Bikes
  • Imported Bikes

By Engine Capacity:

  • Up to 100 CC
  • 100 to 110 CC
  • 110 to 135 CC
  • 135 to 200 CC
  • Above 200 CC

By Type:

  • Computer
  • Off-Roading
  • Sports
  • Super Bikes
  • Cruiser Bikes
  • Others

By Propulsion:

  • Petrol
  • Electric

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

Author

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

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
LinkedIn| Twitter| Blogs | YouTube