Eubiotics Industry Spearhead the Battle against Antibiotic Resistance in Livestock Farming

Eubiotics Industry
Eubiotics Industry

As per Future Market Insights (FMI) analysis, the global consumption of eubiotics increased by year-on-year (YoY) rate of 6.7% in 2021 to total sales of US$ 2.68 Bn in the year. The overall demand for eubiotics represents 16.4% of the global animal feed market in 2021 and is poised to increase at 7.4% CAGR to reach a value of US$ 5.47 Bn in 2031.

In the evolving landscape of global agriculture, a significant paradigm shift is underway as the world unites against the rise of anti-microbial resistance (AMR). A groundbreaking study reveals that a staggering 70% of antibiotics used worldwide are deemed medically crucial for livestock, presenting a complex challenge that demands strategic intervention on a global scale.

The varied application of antibiotics in farmed animals raises critical concerns, with swine emerging as the highest consumers, closely followed by poultry and ruminants. As the industry transitions away from traditional antibiotic growth promoters (AGPs), sustainable alternatives like eubiotics are gaining prominence, offering a beacon of hope in the fight against AMR.

The European Union (EU) Commission took a pioneering step in 2006 by imposing a ban on AGPs, curtailing the prophylactic use of antibiotics in farmed animals. Further championing this cause, the British Poultry Council implemented a voluntary ban in 2017, covering 90% of broiler production in the UK. This collaborative effort signifies a global commitment to sustainable agriculture practices, heralding a new era in livestock farming that prioritizes health, environmental conservation, and a resilient food ecosystem.

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This trend has increasingly spread across the globe since the EU leading the way back in 2006, followed by South Korea and Indonesia recently, as well as the FDA (US Food and Drug Administration) put to notice and discouraged the   (antibiotic growth promotor) use.

Since eubiotics, such as prebiotics, probiotics, enzymes, and organic acids, can add the essential nutritional components to reduce the antibiotic use in farmed animals that can enable the industry to grow further. Key manufacturers like DSM are developing effective eubiotics solutions to reduce the prophylactic use of antibiotics and to remove AGPs to tackle AMR, to switch to antibiotic-free animal diets smoothly over time.

Key Takeaways from the Eubiotics Market Study:

  • North American eubiotics market lead in terms of market share and accounts for 31.1% of the global eubiotics market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
  • Organic acid is the dominant type of eubiotics having more antimicrobial and preservative effects as compared to other types of eubiotics. Organic acid accounts for a market share of 48.3% in 2021 of the global market.
  • In the form segment, the liquid form is anticipated to witness a lucrative growth rate with a CAGR of 7.8% during the forecast period (2021-2031) for the eubiotics  market.
  • By function, nutrition and gut health is accounted for 37.9% of the total market share in 2021, while the segment is also expected to witness a lucrative growth rate of 7.5% during the forecast period.

In the livestock segment, aquaculture is anticipated to witness a lucrative growth rate with a CAGR of 8.1% during the forecast period (2021-2031) in the eubiotics market.

“The top manufacturers in the eubiotics market in emerging countries are increasingly inclined towards new innovative technologies for better and efficient product development with sustainable and effective solutions to antibiotics. This factor is owing to the high demand for eubiotics, shooting up the adoption of the product in the global market.” According to a lead analyst at FMI.

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Who is winning?

According to the Veterinary Medicines Regulation, published on December 11, 2018, the regulatory body has identified the need to control use of antimicrobial farm animal products and has put a ban on the prophylactic and metaphylactic antimicrobials usage in animals. The regulation will come into effect from January 28, 2022, forcing the manufacturers to convert the antibiotic based products into sustainable alternatives like eubiotics.

Some of the leading companies offering eubiotics are Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, Eubiotics, Lesaffre Group, Kemin Industries, Inc., Novus International, Inc., Chr. Hansen Holding A/S, Beneo Group, and others.

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By Type, eubiotics is segmented as:

  • Probiotics
  • Prebiotics
  • Organic Acid
  • Essential Oil
  • Enzymes

By Form, eubiotics is segmented as:

  • Dry
  • Liquid

By Function, eubiotics is segmented as:

  • Nutrition and Gut Health
  • Yield
  • Immunity

By Livestock, eubiotics is segmented as:

  • Cattle
  • Poultry
  • Swine
  • Aquaculture
  • Others

By Region, eubiotics is segmented as:

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

About Future Market Insights (FMI)

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

 Contact Us:

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Dairy Blends Industry In-depth Insights, Revenue Details, Regional Analysis by 2032

Dairy Blends Market
Dairy Blends Market

According to a newly released market report by Future Market Insights (FMI), the overall market value of dairy blends is expected to reach USD ~4.5 Bn by 2032, rising at a CAGR of ~7.0% during 2022-2032. The regular segment is expected to lead the global dairy blends market over flavored blends.

The demand for dairy blends is increasing at a faster pace, due to alterations in social and economical patterns, augmenting urbanization, buying power, changes in meal patterns and existing food habits, awareness about health and wellness foods, and the desire to try new products. Dairy blends are becoming extremely popular, specifically among working-class people.

The use of dairy blends as an absolute and real taste enhancer to food products like bakery and confectionery is widely prevalent, blends are insipid and are hence mixed with sugar, cocoa powder, vegetable fats, dextrin, aroma, salt, or other flavorings to add flavor.

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Key Takeaways from the Market Report

  • The global dairy blends market valued at USD 2.4 Bn in 2022.
  • Spreadable dairy blends are becoming increasingly popular and are expected to witness the fastest growth at a CAGR of ~8%.
  • Key contributing factors for the growth of spreadable dairy blends are their ability to be used as a low-fat alternative to butter and margarine.
  • The bakery segment has emerged as the largest end-user for dairy blends and is a contributor to around 35% of dairy blends sales. Dairy blends are also used in applications like ice cream, confectioneries, ready-to-eat foods, and infant formulas.
  • Growth witnessed in the dairy blends market is also steered by the expansion of infant formulas. According to FMI, infant formulas are expected to contribute lion’s share in the market.
  • Powder dairy blends are widely used for a variety of functions like enhancing taste, emulsifying, dispersion, and thickening and are a good example of dairy as a carrier in the food processing industry.
  • Asia-pacific is expected to witness the highest growth in dairy blends, as the Asian standard demand for milk fat is growing in contrast to vegetable fats. Milk Fat is a natural product and offers a better taste, therefore, the production of dairy blends is satisfying the growing demand in the region.

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Competitive Landscape

The dairy blends market is reforming from a consolidated market dominated by big corporations like Fonterra Group(New Zealand) to a fragmented one, thanks to consistent innovation, research and development, and support from government agencies to local producers.

Key Players in the dairy blends market are Abbott Nutrition, Cape Food Ingredients, Hormel Specialty Products, All American Foods, Cargill, Friesland Capina, SPX Flow, Agropour Ingredients, Kerry, AgriMark Inc., Doehler Group, Landell Mills- sure, Pacific blends, and others.

Major players are innovating varieties of blends and creating awareness by attractive packaging and marketing. Another trend observed is that major manufacturers are enhancing the nutritional content of blends by means of fortification, making dairy blends a healthier option over their counterparts.

“Manufacturers of dairy blends would gain significant profits by targeting the food and beverage industry, especially bakery, confectionery, and convenient food producers. The infant formula industry would also serve as a good potential market for dairy blends. Dairy blends manufacturers should continue being creative with their products as insipid tastes of dairy blends gives a lot of leeways to innovate with tastes, flavors, and nutritional properties of the blends,” says a Future Market Insights analyst.

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Key Segments

By Application:

  • Infant Formula
  • Ice Cream
  • Bakery
  • Confectionery
  • Butter & Cheese Blends
  • Beverages
  • Others

By Flavor:

  • Regular
  • Flavored

By Form:

  • Spreadable
  • Powder
  • Liquid

By Distribution Channel:

  • B2B
  • B2C
    • Modern Trade
    • Convenience Store
    • Forecourt Retail
    • Online Retail

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Animal Antimicrobials and Antibiotics Market Poised for Remarkable Growth at Nearly US$ 4,911.9 million By 2033

Animal Antimicrobials and Antibiotics Market
Animal Antimicrobials and Antibiotics Market

In 2023, the animal antimicrobials and antibiotics market is to accumulate a market value of US$ 4,911.9 million. By 2033, this number is expected to expand to US$ 7,878.2 million, with a Compound Annual Growth Rate (CAGR) of 4.9%.

The demand for animal antimicrobials and antibiotics is on the rise during the forecast period due to the widespread use of several types of milk and meat products, especially in the Western diet.

Zoonotic illnesses and demand for animal-derived food products are also factors contributing to the rising demand for the products. Due to rising demand for pet insurance and rising expenditures for veterinary care, this market share for animal antimicrobials and antibiotics is expected to grow.

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Animal antimicrobials and antibiotics market participants can expect tremendously rapid development thanks to the potential held by the untapped markets in China, India, and Brazil during the forecast period. The overall population of animals can also be seen to be on the rise, which is another great contributing factor.

Key Takeaways:

  • The United States holds a notable market share of 17.8% in the animal antimicrobials and antibiotics market in 2022, showcasing its significant role in the industry as a major consumer and contributor to the veterinary pharmaceutical sector.
  • Germany, with a market share of 6.6%, demonstrates its participation in the animal antimicrobials and antibiotics market, emphasizing the country’s commitment to animal health and welfare through the use of appropriate pharmaceutical interventions.
  • Japan’s market share in the animal antimicrobials and antibiotics market stands at 5.4% in 2022, reflecting the country’s focus on ensuring its livestock population’s well-being and disease management through the responsible use of antimicrobial products.
  • Australia contributes to the animal antimicrobials and antibiotics market with a market share of 1.0% in 2022, emphasizing the country’s attention to animal health and its efforts to mitigate the impact of infectious diseases through the judicious use of antimicrobials.
  • China exhibits a compound annual growth rate (CAGR) of 5.2% in the animal antimicrobials and antibiotics market, reflecting the country’s evolving livestock industry and the increasing demand for antimicrobial products to address animal health challenges and ensure food safety.
  • India experiences a robust CAGR of 9.6% in the animal antimicrobials and antibiotics market, highlighting the country’s expanding livestock sector and the growing need for effective disease management and growth promotion in the animal farming industry.
  • The United Kingdom showcases a CAGR of 5.9% in the animal antimicrobials and antibiotics market, indicating the country’s continuous efforts to promote responsible antimicrobial use, reduce the risk of antimicrobial resistance, and safeguard animal health and welfare in its agricultural practices.

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Competitive Landscape

  • Trianni Inc. (US) and Zoetis (US) have decided to work together on developing transgenic monoclonal antibody platforms for the discovery of innovative veterinary medications. This collaboration began in July 2020. The FDA approved Zoetis’ purchase of Marboquin (US).
  • Elanco (US) and AgBiome worked together to provide nutritional health solutions for pigs in 2019.
  • By balancing its food animal and companion animal divisions, Elanco Animal Health (US) announced in 2019 that it purchases Bayer’s Animal Health Business, boosting its own companion animal business and portfolio mix.
  • In 2019, Sanofi (France) purchased the Animal Health division of Boehringer Ingelheim (Germany) (Merial), and Boehringer Ingelheim (Germany) (CHC) was bought by Sanofi. After acquiring Merial, BI became the second-largest animal health firm in the world.

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Animal Antimicrobials and Antibiotics Market by Category

By Product Type:

  • Tetracyclines
  • Penicillins
  • Sulfonamides
  • Macrolides
  • Aminoglycosides
  • Lincosamides
  • Fluoroquinolones
  • Cephalosporins
  • Other Antimicrobials and Antibiotics

By Animal Type:

  • Companion Animals
  • Food Producing Animals

By Mode of Delivery:

  • Premixes
  • Oral Powder
  • Oral Solution
  • Injection

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Massage Guns Market Surges Towards US$ 1,122.7 Million, Anticipating a 7.5% CAGR by 2033 | FMI

The global massage guns market will grow to US$ 542.6 million by 2023. The target market is expected to grow at a strong 7.5% CAGR, according to the analysis, with a market valuation of US$ 1,122.7 million by 2033. The market for massage guns makes up between 5% and 8% of the whole market for massage equipment.

More people are favoring massage chairs with quick recovery times. Manufacturers of massage guns are embracing consumer-centric strategies to boost their sales and brand recognition.

Because they are portable and simple to use, massage guns are popular among athletes. Ideally, only a few factors play a role in consumers’ choice of purchases. Brand identity has a big influence on a lot of them. Not all of them, though, exhibit brand loyalty.

In order to strengthen their presence across various channels and develop a strong brand portfolio, businesses must act immediately. The functionality follows.

For instance, in the case of massage gun, consumers often judge them on the basis of their efficiency. Therefore, products with higher wattage are likely to enjoy better goodwill which will be drawn by higher convenience and efficiency.

Consumers are increasingly adopting e-commerce platforms to purchase electronic items including massage gun, as they can avail special discounts and prices on a wide range of products.

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In addition to this, e-commerce websites also help make the products as per the specific requirements of the customer, even if the product is not available in the market in a particular region. Leading e-commerce sites, including Alibaba and Amazon, are offering an extensive range of products from around the world.

Factors such as easy product accessibility, convenience, and ease of shopping irrespective of geographic presence will continue pushing sales of massage guns through online channels over the forecast period.

“Increasing preference for portable massage guns among sports personnel and athletes is expected to drive sales in the market. Besides this, growing popularity of smart massage gins with temperature and vibration control is anticipated to augment the growth in the market,” says an FMI analyst.

Key Trends in the Massage Guns Market

In recent years, the massage guns market has witnessed unprecedented growth, driven by a surge in health and wellness awareness. As consumers increasingly prioritize self-care, the demand for innovative recovery tools like massage guns has soared. Here are the key trends shaping the massage guns market:

  • Technological Advancements: Massage guns have evolved beyond basic percussive devices. Advanced technologies such as AI-driven smart sensors, customizable settings, and Bluetooth connectivity are becoming commonplace. These features enhance user experience, allowing for personalized massage routines and real-time performance tracking.
  • Compact and Portable Designs: Manufacturers are focusing on creating compact and portable massage guns to cater to on-the-go consumers. Lightweight designs, coupled with long-lasting batteries, make these devices convenient for travel, allowing users to incorporate recovery into their lifestyles seamlessly.
  • Integration of AI and Apps: The integration of Artificial Intelligence (AI) into massage guns is a significant trend. Smart devices now analyze user preferences, muscle tension, and recovery patterns to provide customized massage experiences. Additionally, companion apps offer guidance, tutorials, and progress tracking, elevating the overall user engagement.
  • Focus on Ergonomics and User-Friendly Designs: Companies are prioritizing ergonomic designs to enhance user comfort during prolonged usage. Intuitive controls and user-friendly interfaces contribute to a positive user experience. Adjustable handles, grip textures, and interchangeable attachments further tailor the massage gun to diverse user needs.

Who is winning?

Leading manufacturers of massage guns are focusing on smart promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the Massage Guns market are Therabody, LifePro, Hyperice Inc.,Renpho, Everyfun, HydraGun, Muscle Gun, Massage Guns Ireland, Recovapro, Essential Massage & Therapy Co.,Achedaway, Medcursor and Others.

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Global Massage Guns Market By Category

By Purpose:

  • Small Size/handheld
  • Mid-Size/Professional
  • Large Size/Powerful

By Battery:

  • Rechargeable
  • Replaceable

By Sales Channel:

  • Direct Sales
  • Indirect Sales

By End User:

  • Athletes
  • Chiropractor
  • Fitness Enthusiasts
  • Expectant Women
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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India Loyalty Program Market Eyes a Whopping US$ 14,502.6 Million, Backed by a Striking 15.7% CAGR by 2033 | FMI

The India loyalty program market is estimated to top nearly US$ 3,363.4 Million in 2023 and is projected to reach US$ 14,502.6 Million by 2033, at a CAGR of 15.7% from 2023 to 2033. The Indian loyalty program market holds approximately 4% to 8% of the global loyalty program market.

Several retailers and businesses use loyalty programmes as one of their marketing methods to draw in and keep their channel partners and customers. They provide customers with additional benefits and encourage them to spend more money through these initiatives.

Rewards, points, discounts, and other unique incentives are provided by loyalty programmes in an effort to boost sales and foster client loyalty. This aids businesses in building a solid base of loyal customers.

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The market for loyalty programmes is a subset of the market for loyalty management, which also includes software and services (professional services and managed services). These variables led to an 18% growth rate in the Indian loyalty programme market over the course of the historical period (2016-2021).

What are the Factors Driving Demand in India Loyalty Program Market?

Loyalty programs play a crucial role in reducing overall operational costs. Organizations are focusing more on escalating repeat purchases instead of investing more in marketing activities to acquire a new consumer base.

Hence, organizations are more focused on maintaining the repeat purchase rate instead of investing more in marketing activities to acquire new channel partners. The organizations are currently focused on strengthening their repeat purchase rate.

Thus strengthening the repeat purchase rate is one of the prominent factor driving enterprises to switch towards loyalty programs.

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Key Trends in India’s Loyalty Program Market

In the dynamic landscape of India’s business ecosystem, loyalty programs have emerged as a pivotal tool for companies seeking to enhance customer retention and drive sustained growth. As we navigate the evolving market trends, several key insights come to the forefront, shedding light on the current state and future prospects of the India Loyalty Program Market.

  • Digital Transformation Reshaping Loyalty Programs: The advent of digital technologies has catalyzed a significant transformation in loyalty programs. Mobile apps, personalized dashboards, and seamless online experiences are becoming integral to program design. Companies are leveraging data analytics to understand customer behavior, enabling them to tailor rewards and incentives with precision.
  • Multi-Industry Adoption: Traditionally confined to sectors like retail and hospitality, loyalty programs have expanded their reach across diverse industries such as e-commerce, healthcare, and fintech. This shift reflects a growing realization that customer loyalty is universally valuable and can be fostered in almost any business domain.
  • Personalization as a Cornerstone: Today’s consumers demand personalized experiences. Loyalty programs are responding by incorporating advanced personalization algorithms, ensuring that rewards are not only relevant but also resonate with individual preferences. This trend enhances customer engagement and strengthens emotional connections.
  • Blockchain Integration for Security and Transparency: As concerns about data security and transparency gain prominence, blockchain technology is being integrated into loyalty programs. This provides a secure and transparent framework for managing customer data and transactions, fostering trust and confidence among program participants.
  • Collaborative Loyalty Programs: Collaborative loyalty programs, where multiple brands or businesses join forces, are gaining traction. This allows customers to accrue and redeem rewards across a spectrum of products and services. Such partnerships amplify the value proposition for consumers and drive cross-industry collaboration.

Category-wise Insights

Which Program Type Will Dominate the India Loyalty Program Market?

“Combination of Point-Based and Pre-Decided Loyalty Program to be the Most Preferred”

In terms of program type, combination of point-based and pre-decided loyalty programs account for a notable share of 64.8% in India loyalty program market. However, point-based loyalty programs held a significant share in 2020 as points are easy to earn and easy to redeem. Channels can redeem points for credit toward their next purchase, discounted services, or giveaways.

Which Consumer Orientation Will Remain Highly Sought-After in India Loyalty Program Market?

“Need for Sales Incentives to Boost the India Loyalty Program Market”

In terms of consumer orientation, sales incentives segment is expected to dominate the market owing to increase in profits, improves sales success and allows sustainable growth. A well-designed and well-executed loyalty program helps in retaining existing customers, attract new customers, reduce turnover and drive profits. However, employee rewards and channel incentives will account for significant market share of 17.7%, and 10.2%, respectively.

Which is the Leading End User in India Loyalty Program Market?

In terms of end-user, large enterprises segment will account for a notable share in the India loyalty program market. However, a significant share of B2B small and medium enterprises segment witness steady growth over the forecast period, estimates Future Market Insights (FMI).

Based on vertical, others segment including aviation, hospitality, BFSI, healthcare, education and IT & telecom is expected to hold lion’s share in the market.

Competitive Landscape

Prominent players in the India loyalty program industry are adopting various strategies to survive high level competition. Meanwhile, other players in the market are adopting strategies such as mergers and product launches to gain competitive edge in the industry.

India Loyalty Program Market by Category

By Program Type:

  • Point-Based Loyalty Program
  • Pre-Decided Loyalty Programs
  • Combination of Point-Based and Pre Decided Loyalty Programs

By End User:

  • Small& Medium Enterprises
  • Large Enterprises

By Consumer Orientation:

  • Employee Rewards
  • Sales Incentives
  • Channel Incentives

By Vertical:

  • Automobiles
  • Cement
  • Electronics & Electricals
  • Laptops
  • Luxury Brands
  • Mobile Phones
  • Paints
  • Tyres
  • Watches
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Global Precast Concrete Demand Soars with a 5.7% CAGR, Projecting a US$ 234 Billion Revenue Surge by 2033

The precast concrete market is poised for steady growth, with a projected moderate CAGR of 5.7% during the forecast period. Anticipated to be valued at US$ 134 billion in 2023, the market is expected to witness substantial expansion, reaching a high of US$ 234 billion by 2033. This positive trajectory underscores the increasing demand for precast concrete solutions in construction, driven by factors such as efficiency, durability, and cost-effectiveness, making it a key player in the global construction industry.

Market participants boosting their capacity and bolstering their distribution network to expand their client base, are significant factors driving the demand for precast concrete. Other factors influencing the market are the rapid industrialization and urbanization of emerging nations, the growing emphasis on creating high-quality infrastructure globally, and the emphasis on green construction initiatives.

The market has expanded as a result of the construction industry’s transition to using cost-effective, environmentally friendly, and contemporary building methods. Therefore, the market is projected to be further boosted by the desire of emerging nations to modernize their current infrastructure.

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In a variety of weather situations, precast concrete materials enable effective and affordable construction. These goods are meticulously produced off-site, which raises the level of quality in general. These products have the potential to have a very high span-to-depth ratio, which improves the structure’s ability to carry load and lessens the need for extra columns. As a result, these items are frequently employed in large-scale projects like concert halls and arenas to ensure that no pillars obstruct the audience’s view or experience. Leading business players use technical advancements to create new goods and increase their market share.

Over the course of the projection period, it is also anticipated that an increase in consumer demand and a shift in consumer preference toward high-quality items would provide numerous growth opportunities for new entrants in the market.

With 20% of all global building investments, China is the leading construction market in the world. By 2030, it is anticipated that China would spend almost US$ 13 trillion on buildings, which is expected to increase demand for precast concrete in China.

In recent years, the market has been pushed by the need for low-cost residential structures, improved efficiency obtained through precast technologies, and accelerated construction speed using precast technology. Additionally, converting and renovating older structures boosts investment in the construction sector, increasing demand for prefabricated components and favorably influencing the expansion of the precast construction market. Precast concrete is therefore frequently employed to construct similarly designed, cost-effective constructions. It also offers the benefit of planning for upcoming construction projects because the components are simple to rearrange. Building experts are enthusiastically embracing modern construction approaches that offer enhanced performance with a minimal capital expenditure. 3D printing and Building Information Modeling (BIM) are recent technological developments that might present opportunities for the sector under study.

Significant amounts of hazardous gases including nitrogen oxide, sulphur dioxide, and carbon monoxide are produced at cement producing facilities. These gases have been related to a several health issues, including cardiovascular diseases, visual impairment, and asthma. Furthermore, it is anticipated that government rules enacted to limit emissions from cement manufacturing facilities would restrain market growth.

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Key Takeaways:

  • Throughout the projection period, it is expected that the United States is likely to hold a sizeable portion of the global precast concrete market. Key stakeholders work to create very durable precast concrete products in an effort to strengthen the infrastructure of country.
  • The precast concrete market in China is expected to accelerate significantly throughout the estimated time frame. Key participants, who are concrete plant experts, also provide contemporary plant technology with a focus on China trends.
  • The structural building components product type is anticipated to lead during the projected period owing to its strong demand from the construction sector.
  • The infrastructure segment in end use, accounts for a sizeable share, is the most inventive market category for important corporations as there has been an increase in the usage of energy-efficient products and materials.

Competitive Landscape:

Due to the existence of both foreign and domestic competition, the global precast concrete market is fragmented. In their respective niche markets, several firms hold sizable market shares. Large companies usually place significance on organic developments like product approvals and the acceptance of cutting-edge, environmentally friendly solutions. These factors are expected to prompt the global precast concrete market size rapidly.

Key Market Players

  • Boral Limited
  • Lafarge
  • Gulf Precast Concrete Co. LLC
  • Olson Precast Company
  • CEMEX S.A.B. de C.V.
  • Forterra
  • Tindall Corporation
  • Spancrete
  • ELO Beton
  • GÜlermak A.S.
  • STECS
  • LAING O’Rourke
  • Larsen & Toubro Ltd.

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Key Segmentation of the Precast Concrete Market

By Product Type:

  • Structural Building Components
  • Architectural Building Components
  • Transportation Products
  • Water & Waste Handling Products
  • Others

By End Use:

  • Residential
  • Non-Residential
  • Infrastructure

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • The Middle East and Africa
  • Europe

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.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Automotive Appearance Chemicals Market Primed to Exceed US$ 49.4 Billion by 2033

The global automotive appearance chemicals market is poised for significant growth with a projected high compound annual growth rate (CAGR) of 4.9% during the forecast period. As of 2023, the market boasts a valuation of US$ 30.7 billion, and it is anticipated to witness robust expansion, reaching an estimated value of US$ 49.4 billion by 2033. This substantial growth is indicative of the increasing demand for automotive appearance chemicals, reflecting the industry’s commitment to enhancing and preserving the aesthetic appeal of vehicles worldwide.

Increased ownership of both conventional and electric vehicles, which encourages consumers to invest in better protection measures to lengthen vehicle lifespan and results in higher spending, is a key factor driving the sales of automotive appearance chemicals. Many sorts of products manufactured by key industry players are beneficial to various end-use industries. This, in turn, has aided in increasing product demand in recent years. The consumer base is growing as a result of the growing vehicle industry. These aesthetic compounds are essential automotive appearance care chemicals.

The products assist in improving the gloss and luster of automobiles while also increasing their longevity. They also safeguard and maintain aesthetic attractiveness. As a result, demand for automotive appearance chemicals is likely to rise throughout the projection period.

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The global automobile sector is seeing tremendous growth as urbanization spreads. According to LMC Automotive forecasts, overall sales are likely to exceed 100 Mn vehicles by 2032, with SUVs accounting for 46 Mn units (40%). As a result, demand for automotive detailing products such as paints, varnishes, polishes, and waxes is expected to rise.

As the global ownership of electric vehicles grows, so are maintenance services to extend their lifespan. While the shift away from standard ICE vehicles to EVs is usually regarded as a positive development, it is causing significant disruption in the auto appearance chemicals and repair industry.

The Toxic Substances Control Act (TSCA), Control of Substances Hazardous to Health Requirements (COSHH), and the European Union require automotive appearance chemical makers to closely follow the regulations related to the storage and usage of the goods (EU).

These laws strictly enforce safety standards for the storage and use of goods and related raw materials. For a long time, a huge number of research agencies have been investing in R&D in the subject. The study has aided in the discovery of numerous uses for the items, hence broadening their reach. Technological advancements have resulted in the usage of the technology in several waxes for specialized uses, such as adding shine and protecting car surfaces from scratches and swirls. These factors are projected to drive product demand throughout the forecast period.

However, with the advancement of technology, vehicles were becoming more fitted with sensors, resulting in better driving behavior and reduced wear and tear on brakes and other vehicle components. This issue impedes component replacement and the expansion of the automobile aftermarket appearance chemicals.

Key Takeaways:

  • During the forecast period, China is expected to account for a significant share of the global automotive appearance chemicals market. This is attributed to several joint ventures comprising mainly state-owned Chinese organizations and brands from various places that have accelerated the expansion of industrial capacity.
  • The automotive appearance chemicals market in Europe is predicted to hold a major share, particularly in the U.K., during the projected period. This is owing to automotive appearance chemicals becoming increasingly popular as a result of the large-scale manufacture of luxury and other passenger cars in the region.
  • Owing to the high ranking in terms of both frequencies of usage and volume consumed, the “windshield washer fluids” product type is expected to hold the greatest revenue through the forecast period.
  • As private automobiles must be washed, waxed, and polished on a regular basis, the “passenger vehicles” vehicle type accounts for a significant share and is the most lucrative area for key players.

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Competitive Landscape:

Owing to technical advances and innovation, the automotive appearance chemicals market size is undergoing a transformative moment. Customers are anticipated to be enticed by the ingenuity that goes into the construction of smart home appliances, bringing up considerable chances for large suppliers to capitalize on such rising trends and create new product lines.

Key Players:

  • PPG Industries
  • 3M Company
  • BASF SE
  • Energizer Holdings Inc.
  • Kao Corporation
  • Jax Wax Inc.
  • Malco Products Inc.
  • Koch-Chemie GmbH
  • Koster Keunen Inc.
  • The Darent Wax Company Ltd.
  • Northern Labs Inc.
  • CRC Industries
  • Turtle Wax Inc.
  • DuPont de Nemours Inc.

Recent Developments:

  • Protect All Inc., a leading laminating solutions provider, provides the Biolam® antimicrobial technology-based film, which is used in a variety of applications ranging from packaged products and menus to high-grade automobile protection films.
  • In September 2020, Permatex Inc. released a new line of sophisticated epoxy adhesives. No drop gels, ready-to-use indications, high heat, a variety of color options, and substrate-specific formulas are among the innovations.

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Key Segments Profiled in the Automotive Appearance Chemicals Market Survey

By Product Type:

  • Polishes
  • Windshield Washer Fluids
  • Soaps
  • Coatings
  • Car Wax

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

By Sales Channel:

  • Aftermarket
  • Original Equipment Manufacturers (OEMs)

By Region:

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

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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Thriving Expansion Ahead: Zinc Chloride Market Poised for 5.0% CAGR Growth from 2023 to 2033

The global zinc chloride market is poised for significant growth, with a projected size of US$ 309.6 million by 2023 and an anticipated expansion at a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2033. By the end of 2033, the market is expected to reach a substantial size of US$ 505.6 million. This robust growth is indicative of the increasing demand for zinc chloride across various industries, showcasing its pivotal role in diverse applications and underlining its potential for substantial market expansion in the coming decade.

Demand for zinc chloride is expected to rise as a result of expansion in a number of sectors, including chemicals, medicines, and agriculture. These sectors rely substantially on zinc chloride due to the variety of manufacturing techniques and product compositions it is used in.

Demand for consumer goods and infrastructure development in emerging nations is being fueled by growing populations and rising disposable income levels. Batteries, textiles, rubber, and plastics- all vital components of numerous consumer goods and building materials, are produced with the help of zinc chloride.

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Demand for renewable energy technology is rising as environmental laws and a focus on sustainable energy sources become more prevalent. Zinc chloride is a crucial component in the renewable energy sector since it is used in the production of solar cells and other energy storage devices.

To fulfill the rising need for food, the agriculture sector is transitioning to more efficient and sustainable farming methods. Widely used in fertilizers as a micronutrient, zinc chloride promotes healthy plant growth and increases agricultural yields. Demand for zinc chloride is anticipated to increase as agricultural activities expand to meet the world’s food needs.

Growing demand for zinc chloride is probably due in part to ongoing research and development efforts to find new uses for it. Zinc chloride is being used in a variety of disciplines, including medicine, electronics, and water treatment.

Scientists and engineers are continuously looking for new and creative applications for it. It is projected that these developments would expand market prospects and increase demand for zinc chloride globally.

Demand will also be pushed by growing awareness of and adoption of zinc-based products in the healthcare and personal care sectors. A multitude of medicines, ointments, lotions, and cosmetic goods are made with zinc chloride.

Due to its antibacterial qualities, it is a useful component in antiseptics, wound care treatments, and oral hygiene products. Sales of zinc chloride, a crucial ingredient in these formulations, are anticipated to increase along with high demand for healthcare and personal care products, which is likely to continue to climb globally.

Key Takeaways from the Zinc Chloride Market Study:

  • The global zinc chloride industry witnessed a CAGR of 1% during the historical period from 2018 to 2022.
  • India zinc chloride industry is set to create an absolute dollar opportunity of more than US$ 25 million in the next ten years.
  • China zinc chloride industry is anticipated to create an absolute dollar opportunity of more than US$ 40 million by the end of the forecast period.
  • Based on grade, the high purity segment is expected to expand at 9% CAGR from 2023 to 2033.
  • Chemical end-use sector segment is estimated to generate revenues of over US$ 50 million throughout the evaluation period.

“Color cosmetic products such as eyeliners, eyeshadow, and mascara are made using zinc chloride. Owing to its binding properties, pigments on the skin adhere better and last longer. In order to provide a smooth application and improved wear, zinc chloride can additionally help to the general stability and texture of cosmetic compositions. It is set to create new opportunities in the global market.” – Says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape

A small number of manufacturers represent about half of the market share in the modestly consolidated global zinc chloride market. These players outperform their rivals in terms of production capacity. As a result, they are a leading producer and exporter of zinc chloride worldwide.

Important market players are also using a variety of techniques to increase their profits. Focusing on lowering carbon emissions in order to support sustainability objectives is a well-known method. With this strategy, important firms might improve their market standing while also preserving the environment.

Smaller market participants, in contrast, place a higher priority on raising their production capacity to fulfill the expanding regional demand. To increase their sales outside of local markets, they are currently focusing on export-driven markets. Small firms can expand their market share and sales potential by entering new markets and forging supply chain agreements with end users.

For instance,

  • Toothpaste infused with zinc salt was developed by Unilever, a prominent brand in the personal care goods sector, in March 2021. It guarantees to lower blood pressure and improve nitrate reductase activity.

Key Companies Profiled

  • Zaclon LLC
  • Costal Zinc Group
  • Jinzhou Jitian Zinc Industry Co., Ltd.
  • Weifang Dongfangsheng Chemical Co., Ltd.
  • Lipmes SA
  • HaloPolymer OJSC
  • Tianjin Nanping Chemical Co., Ltd.
  • TIB Chemicals
  • Flaurea Chemicals
  • Vap Industries
  • Haihang Industries

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Get More Valuable Insights into the Zinc Chloride Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global zinc chloride industry, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on grade (high purity grade, battery grade, technical grade, and commercial grade), form (powder and liquid), end-use sector (electronics, chemical, agriculture, pharmaceuticals, and others), and regions.

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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Anticipating Remarkable Growth: N-Methyl-2-Pyrrolidone (NMP) Market Sales Projected to Surge at 6.2% CAGR Through 2033

The global N-methyl-2-pyrrolidone (NMP) market, the estimated value for the year 2023 stands at approximately US$ 1.1 billion, marking a significant stride in its economic presence. The market is poised for robust expansion, with a projected net worth of total sales soaring to nearly US$ 2.1 billion by 2033, fueled by an anticipated Compound Annual Growth Rate (CAGR) of 6.2% between 2023 and 2033. This impressive trajectory underscores the industry’s resilience and potential for sustained growth, showcasing NMP as a key player in the evolving global market.

The ever-expanding use of N-Methyl-2-Pyrrolidone by a greater number of industrial sectors is expected to remain the most important driver for the market in the coming years. Several new developments in pharmaceutical industries have increased the sales of N-Methyl-2-Pyrrolidone (NMP) in the last few years driving the global market already.

NMP chemical is also deployed to remove aromatic compounds from heavier lube distillates in order to improve their viscosity index. Resistance to oxidation, and minimizing the lubricant sludge are some of its other newfound advantages in this sector.

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Unfortunately, many side effects arising from prolonged NMP exposure are predicted to limit product use extensively. Further, it is predicted to remain a major challenge for the manufacturers as well as limiting their business expansion. The emphasis placed by manufacturers on undertaking different R&D activities in order to produce an acceptable alternative for NMP with toxicity is likely to boost market expansion during the projected timeframe.

Key Takeaways from the N-Methyl-2-Pyrrolidone (NMP) Market Report

  • China is the dominant market with a large number of NMP manufacturing plants operating at present time. The china N-Methyl-2-Pyrrolidone Market accounts for more than 50% of the global sales. Moreover, it is anticipated to register the highest CAGR of 7.2% over the forecast years well.
  • The US N-Methyl-2-Pyrrolidone market is second in top order but is far behind in production capacity. Moreover, the overall market is predicted to witness a sluggish growth rate of 3.8% over the next ten years and reach a valuation of nearly US$ 135 Mn by 2033.
  • In Europe, Germany is the best-performing regional N-Methyl-2-Pyrrolidone market. The overall valuation of the sales of this product in Germany is expected to reach US$ 44.5 Mn by 2033. As per the market analysis report, it would be registering a CAGR of 4.1% from 2023 to 2033.
  • Based on the purity of the N-Methyl-2-Pyrrolidone, the 99.90% market segment is performing better than the 99.50% market segment. This segment is also poised to register an average CAGR of 6.2% during the forecast years.
  • As per the market survey report, the recycled N-Methyl-2-Pyrrolidone is getting more preferred by end users owing to its lower cost. This segment is projected to witness a year-on-year growth rate of 7.3% in the coming years.

N-Methyl-2-Pyrrolidone (NMP) Market Players Diversifying their Product Portfolio to Attract New End Users

The global market for N-Methyl-2-Pyrrolidone is highly concentrated, particularly with large-scale providers in China and the United States having the lion’s share. Key strategies followed by these top market players include product offering diversification and acquisition of smaller manufacturers.

Major NMP manufacturing plants contributing significantly to the global market are BASF SE, LyondellBasell Industries Holdings B.V., Ashland, Eastman Chemical Company, Mitsubishi Chemical Corporation, Hefei TNJ Chemical Industry Co., Ltd., Shandong Qingyun Changxin Chemical Science-Tech Co., Ltd, Zhejiang Realsun Chemical Co., Ltd, Puyang Guangming Chemicals Co., Ltd, Abtonsmart Chemicals (Group) Co., Ltd, Balaji Amines, Binzhou Yuneng Chemical Co., Ltd, Binzhou City Zhanhua District Ruian Chemical Co., Ltd, Hefei Tengchao Chemical Material Co., Ltd, and Shanghai Poochun Industry Co., Ltd. among others.

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N-Methyl-2-Pyrrolidone (NMP) Market by Category

By Purity:

  • 99.90%
  • 99.50%
  • Others

By Type:

  • Recycled
  • Fresh

By Applications:

  • Battery Solvents
  • Petrochemical Processing
  • Paints & Coatings Coalescing
  • Metal Cleaning
  • Electronic Parts Cleaning
  • Agrochemical Solvents
  • Pharmaceutical Solvents
  • Chemical Extraction

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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India Decorative Veneer Industry Set to Soar with a 4.2% CAGR Over the Forecast Period 2033

The decorative veneer industry in India is poised for significant growth, with the business value anticipated to rise from US$ 249.7 million in 2023 to US$ 376.3 million by 2033. This projection indicates a robust compound annual growth rate (CAGR) of 4.2% over the assessment period. The surge in demand for decorative veneers underscores the evolving preferences in interior design and construction, reflecting a positive trajectory for the market as it aligns with the country’s economic development and increased focus on aesthetic appeal in architectural endeavors.

India’s decorative veneer business is experiencing significant growth, and its trajectory suggests reaching unprecedented heights in the foreseeable future. This surge is attributed to the industry’s diverse wood species offering and the continuous exploration of innovative applications, creating a dynamic and evolving landscape.

The thriving residential sector in India is expected to play a key role in driving sales of decorative veneers. This is because decorative veneers are widely used to add a touch of elegance, style, and sophistication to residential spaces.

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Veneers can be applied to various types of furniture, including tables, chairs, cabinets, and dressers. They can transform plain furniture into stylish and visually appealing pieces. They enhance the appearance of dining tables, creating a stylish setting for meals and gatherings.

The shift in design preferences and consumer behavior within the residential domain will further drive decorative veneer demand in India. Decorative veneers find usage in several applications, including wall paneling, furniture, and flooring.

The business exhibits remarkable resilience and a commitment to innovation. Adapting to environmental challenges and consistently evolving consumer preferences, the decorative veneer sector positions itself for sustained growth.

Ongoing efforts in research and sustainable practices underscore the industry’s commitment to remaining at the forefront of design trends and meeting dynamic consumer needs. Key players are expected to introduce new products to gain maximum profits.

Key Takeaways from the Report

  • India decorative veneer business is projected to thrive at 4.2% CAGR through 2033.
  • By wood species, the teak segment is expected to reach a total valuation of US$ 197.4 million in 2033.
  • Based on end-use industry, the residential segment is set to hold a share of 57.2% in 2023.
  • Based on end-use industry, the commercial segment is set to thrive at a CAGR of 4.1% through 2033.
  • West India is expected to account for a significant share of around 31.9% in 2033.

“India decorative veneer business is poised to grow steadily due to expanding real estate and industrial sectors and increasing emphasis on improving the aesthetic appeal of home interiors,” says an Analyst at Future Market Insights (FMI).

Who is Winning?

Greenlam Industries Ltd., Century Ply, Natural Veneers (TURAKHIA OVERSEAS PRIVATE LIMITED – TOPL), and Central India Veneer Private Limited are the leading manufacturers of India decorative veneers listed in the report.

Key players are focusing on expanding domestic production and offering cost-efficient solutions to consumers. They are also adopting strategies like acquisitions, agreements, mergers, partnerships, and collaborations to expand their footprint.

Recent developments:

  • In 22 2022, Greenlam Industries acquired the laminate manufacturing facility of Gujarat-based Bloom Dekor in a US$ 4.3 million deal.

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More Insights into the India Decorative Veneer Business Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the India decorative veneer business, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

To understand the business potential, growth, and scope, the industry is segmented based on wood-species (oak, maple, walnut, teak, mahogany, others), end-use industry (residential, commercial, hospitality and tourism, marine, and automotive), and region (North India, South India, West India, East India, Central India).

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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