Point-to-point Microwave Antenna Market is to Rise at an Impressive 8.7% CAGR through 2033 with Valued at US$ 9.6 billion | Report by Future Market Insights, Inc.

As per the market estimates, the global point-to-point microwave antenna market value would reach US$ 4.2 billion in sales in 2023. According to the most cautious projections, this valuation is anticipated to reach US$ 9.6 billion representing an annual growth rate of 8.7% following 2023.

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The global demand for point-to-point microwave antennas grew at an 8.3% average annual growth rate during the years 2017 to 2022. Based on the market survey figures, the net worth of total point-to-point microwave antenna products sold in the year 2022 reached US$ 3.8 billion. Our most recent analysis predicts a major shift in the point-to-point microwave antenna market during the forecast years compared to the 2017 to 2022 survey period.

Communication across every network is increasing as a result of the higher penetration of smart devices over time has increased the demand for point-to-point microwave antennas. Also in many other areas of applications, such as satellite or defense communication, which transmit and receive data point-to-point, a microwave antenna is crucial. In addition to this, proper structuring of the distribution channel, and contracts with the governments of different countries have also boosted sales recently.

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Key Takeaways from the Point-to-point Microwave Antenna Market Study Report

  • Rapid technological advancements in microwave antenna devices are poised to keep the market in the United States profitable during the forecast years. Over these ten years, the regional market is projected to progress at 8.4% and reach a net worth of US$ 1.9 billion by 2033.
  • The sales of point-to-point microwave antennas by German manufacturers are anticipated to expand at a CAGR of about 3.5% within the European Union. The net value of microwave antenna products to be originated by Germany is poised to reach US$ 575.2 million by the end of the year 2033.
  • In the Asia Pacific region, China is the leading market in the production of point-to-point microwave antenna equipment and is growing at an 8.9% growth rate. Further, the regional players are expected to continue this higher growth rate until 2033 for a net valuation of US$ 1 billion.
  • Meanwhile, the sales of the point-to-point microwave antenna market in India are growing at an even higher rate of 9.3% these days. By holding on to this lucrative year-on-year growth, the regional players might take the overall market up to US$ 798.1 million by 2033.
  • Japan is another notable geographic market in the Asia Pacific region having a strong market of point-to-point microwave antenna systems. After, the introduction of 5G, domestic demand has revived which could develop the regional market at a 2.2% annual growth rate.
  • Among the different types of microwave antennae, the parabolic antenna segment is projected to register a CAGR of 9.1% through 2033. Meanwhile, the affordability of the flat top antenna segment is expected to keep its market share intact during the projected years.
  • Based on polarization, the dual polarization antenna segment captures the dominant share of the revenue generated by the market globally. Until the year 2033, this market segment is poised to progress at an annual rate of 8.7% as per the FMI report.

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Competitive Landscape for the Point-to-point Microwave Antenna Market Players

CommScope Holding Company, Inc., Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, mWAVE Industries, LLC, Rosenberger, TESSCO Incorporated, Wireless Excellence Limited, LEAX Arkivator Telecom AB, Astrec Baltic Ltd., and Kavveri Telecoms among others are some of the major players in the global point-to-point microwave antenna market.

Point-to-Point Microwave Antenna Market: Key Segments

By Frequency Range:

  • 3.6 GHz to 9.9 GHz
  • 10.0 GHz to 29.9 GHz
  • 30.0 GHz to 86.0 GHz

By Diameter:

  • 0.2 m to 0.9 m
  • 1.0 m to 3.0 m
  • 3.0 m to 4.6 m

By Antenna Type:

  • Parabolic Antenna
  • Flat Panel Antenna
  • Others

By Polarization:

  • Single Polarized Antenna
  • Dual Polarized Antenna

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Browse the Full Market Report https://www.futuremarketinsights.com/reports/point-to-point-microwave-antenna-market

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 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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Diaphragm Coupling Market Enroute to Exceeding US$ 772.3 Million Valuation by 2032, Sustaining a Consistent 3.5% CAGR

As of the close of 2022, the diaphragm coupling market had achieved a substantial valuation of US$ 547.3 million, establishing a robust foundation for future growth. What amplifies this accomplishment is the anticipation of maintaining a steadfast Compound Annual Growth Rate (CAGR) of 3.5%. Projections for the next decade are indeed impressive, with the market poised for a significant surge, reaching an impressive valuation of US$ 772.3 million by 2032.

Diaphragm couplings, once confined to specific industrial applications, have undergone a transformative redesign, broadening their utility to cater to a broader spectrum of industrial and commercial purposes globally. These innovative couplings effectively address misalignment challenges by employing single or multiple flexing metal plates or diaphragms arranged in parallel as flexible members. Their design facilitates the seamless transmission of torque, originating from the outer diameter of a flexible plate, passing through the spool, and ultimately reaching the inner diameter before being redirected to the outer diameter. This evolution underscores the adaptability and efficiency of diaphragm couplings, positioning them as crucial components in diverse industrial and commercial sectors.

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Evolution of Diaphragm Couplings: From Helicopter Drive Shafts to Global Industry

Initially conceived for helicopter drive shafts, diaphragm couplings have undergone a strategic transformation to cater to diverse needs in the general industrial and commercial sectors within the global market. This evolution was spurred by advancements in technology, which propelled their application beyond their original scope.

The Unique Edge: Diaphragm couplings capitalize on a distinctive design profile, characterized by remarkable flexibility in the face of compression and bending. Simultaneously, they exhibit exceptional torsional rigidity, facilitating optimal torque transmission. This attribute ensures the seamless transfer of maximum torque. Manufactured and meticulously designed, diaphragm couplings stand ready to seamlessly interconnect high-speed shafts across various industrial applications on the global market.

Diaphragm Coupling Market Dynamics: Unveiling Growth Triggers

The diaphragm coupling market is poised to flourish, propelled by several pivotal dynamics. Key contributors include the escalating global trends of urbanization and industrialization, coupled with the imperative to enhance safety measures for high-speed rotating equipment. Forecasts point to a favorable growth trajectory across significant geographies in the upcoming years.

Safety Enhancement Imperative: The mounting toll of industrial accidents and equipment damage on a global scale has underscored the need for robust interconnections in high-speed drive shafts. This burgeoning emphasis is set to drive the overarching expansion of the global diaphragm coupling market in the foreseeable future.

Path of Innovation: The landscape of the diaphragm coupling market is evolving through cutting-edge innovations. Notably, the advent of high-speed, high-torque capacity diaphragm couplings is projected to steer the proliferation of high-precision variants within the global market.

Metal Diaphragm Couplings’ Resilience: The metal diaphragm couplings segment is poised to wield substantial influence, capturing both value and volume market shares. This ascent is attributed to stringent governmental regulations surrounding high-speed equipment and the concerted drive to curtail production cycle times.

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Diaphragm Coupling Market: Market Participants

  • Altra Industrial Motion Corp.
  • Eagle Industry Co., Ltd.
  • Voith GmbH
  • Unique Transmission (India) Pvt. Ltd.
  • Regal Beloit Americas, Inc.
  • John Crane
  • Rexnord Corporation
  • WUXI TRUMY Transmission Engineering Co., Ltd.
  • RBK Drive Elements
  • KTR Systems GmbH

Key Segments Profiled in the Diaphragm Coupling Industry:

By Mode:

  • Single Diaphragm Coupling
  • Double Diaphragm Coupling

By Material Type:

  • Metal Diaphragm Coupling
  • Plastic Diaphragm Coupling
  • Other Diaphragm Coupling Material Types

By Application:

  • Diaphragm Coupling for Compressors
  • Diaphragm Coupling for Generators
  • Diaphragm Coupling for Pumps
  • Diaphragm Coupling for Turbo-Machinery
  • Diaphragm Coupling for Marine/Offshore Platform
  • Diaphragm Coupling for Other Applications

By Region:

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

Data-Driven Future: Request Your Custom Report To Capitalize On Emerging Trends In Regional Segments. https://www.futuremarketinsights.com/customization-available/rep-gb-6310

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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Micro Robots Market Anticipated to Reach US$ 159.17 Billion by 2033 with a Robust 17.5% CAGR, Fueled by Increasing Demand in Precision-Centric Industries

In the ever-evolving landscape of technology, the micro robots market is poised for an extraordinary journey, with an estimated valuation of US$ 31.73 billion by 2023 and a compelling 17.5% Compound Annual Growth Rate (CAGR). This remarkable trajectory positions the global micro robots market to achieve an outstanding market worth of US$ 159.17 billion by 2033.

At the heart of this exponential ascent is the escalating demand for micro robots in micro-level applications, particularly in the intricate realm of micro assembly. Here, where precision and accuracy are paramount, micro robots have become indispensable tools. With an exceptional ability to manipulate and assemble minuscule components with unparalleled dexterity, these micro robots have emerged as the preferred choice for industries that demand the highest level of precision. The surge in demand for such cutting-edge technology underscores the pivotal role micro robots play in shaping the future of precision-centric industries.

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As industries across the spectrum continue to push the boundaries of precision and accuracy in their operations, micro robots are positioned to play a pivotal role in facilitating groundbreaking innovations. Their presence is transforming the micro-level landscape, enabling industries to achieve feats previously considered unattainable. The exponential growth of the micro robots market is a testament to the profound impact they have in reshaping the future of precision engineering and beyond.

Capitalizing on their multifaceted benefits encompassing sensing, manipulation, transport and delivery, as well as localized heating, micro robots are garnering escalating traction within the market. Predominantly, two distinct categories of micro robots, namely synthetic and bio-hybrid variants, find utilization across diverse end-use sectors including automotive, manufacturing, and healthcare.

The versatility of micro robots becomes evident in their aptitude for executing pivotal medical undertakings, exemplified by minimally invasive diagnostics and treatments conducted within the human body. Furthermore, micro robots carve out a pivotal niche in biological research and bioengineering applications confined within microfluidic apparatus, desktop-scale micro manufacturing, and on-the-move sensor networks tailored for environmental and health surveillance. This convergence of technological prowess opens avenues for impactful innovations in business ecosystems.

Micro Robots Market: Key Forces at Play

The surging requisition for micro robots across diverse micro applications, encompassing micro assembly, fabrication, and precise positioning, is foreseen to drive global market growth throughout the evaluation span. In the manufacturing and fabrication sector, micro robots demonstrate their utility primarily by engineering intricate structures on a micro scale.

Distinguished by their adaptability, compactness, and seamless configurability, micro robots ingeniously adjust to environmental conditions, thereby stoking their demand on a global scale. Particularly noteworthy is their potential to revolutionize the medical and healthcare domain by executing intricate tasks like diagnostics, biopsies, and surgical interventions.

The prospective deployment of micro robots holds immense promise in revolutionizing treatments for chronic ailments such as cancer, liver diseases, cardiovascular issues, respiratory disorders, and kidney maladies. In response to the mounting demand within the medical sector, manufacturers are actively crafting autonomous self-learning micro robots, galvanizing demand and ushering in novel growth prospects.

Innovation remains paramount as micro robot manufacturers dedicate themselves to refining the architecture and blueprint of these systems. For applications within the biological realm, micro robots necessitate minute proportions, unwavering dependability, and compatibility with biological systems. The paramount challenge lies in designing these intricate devices to be unobtrusive and non-invasive when introduced into human tissues, circumventing potential harm or infections—an endeavor that underscores the complexity of micro robot manufacturing.

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Competitive Outlook:

  • Titan Medical
  • Medtronic
  • Stryker
  • Zimmer Biomet
  • Auris Health
  • Mazor Robotics
  • Intuitive Surgical
  • Smith & Nephew
  • Medrobotics

Key Segments Covered:

By Mode:

  • Autonomous
  • Semi-Autonomous

By Material Type:

  • Bio-Hybrid
  • Synthetic

By End User:

  • Pharmaceutical Industry
  • Healthcare Industry
  • Automotive Industry
  • Manufacturing Industry
  • Military

By Region:

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

Strategic Illumination: Order Your Custom Report For In-Depth Understanding Of Influential Regional Segments. https://www.futuremarketinsights.com/customization-available/rep-gb-10836

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
LinkedIn| Twitter| Blogs | YouTube

QR Code Labels Market Set to Surge, Projected to Reach US$ 3.5 Billion by 2033

The global QR code labels market is on a remarkable growth trajectory, with a projected value of US$ 3.5 billion by 2033, driven by an impressive Compound Annual Growth Rate (CAGR) of 8.7% from 2023 to 2033. In 2023, the market is anticipated to be worth US$ 1.5 billion.

This surge can be attributed to the escalating demand for secure online payment solutions. QR code labels have emerged as a trusted tool for authenticating online transactions, enhancing their significance in the market.

QR code labels are supported by every label printer now on the QR code labels market, are simple to label, can be read fast, and are generated using smartphone platforms, which is predicted to fuel market revenue development in the next years.

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Flexographic May Lead the Market

The various printing technologies in adoption for QR code label printing in QR code market include flexography, digital printing, offset lithography, and gravure printing. Flexographic had a sizeable share from 2023 to 2033 and to grow at a significant rate during the projected period

It is projected that during the forecast period, the digital printing technology segment in the QR code labels market to present profitable chances.

Key Takeaways

  • Flexographic printing may develop at an 8.5% CAGR in the printing technique category throughout the projection period.
  • From 2023 to 2033, the pressure-sensitive labels segment in the label type category may rise at an 8.7% CAGR.
  • The QR code market in the United States is to expand at a 5.4% CAGR to $568.8 million by 2033.
  • Germany’s market is set to grow at a 5.5% CAGR to US$ 124.0 million by 2033.
  • The France market climbs at an 8.3% CAGR and is to reach US$138.3 million by 2033.
  • The China QR code market is to blossom at a CAGR of 12.1%, reaching US$ 645.2 million by 2033.
  • By 2033, the Japan market to reach a CAGR of 10.3% and reach US$ 277.1 Million.

Competitive Landscape

The QR code label manufacturers in the sector are implementing tactics including acquisitions, mergers, and the development of cutting-edge products to gain a competitive edge in the QR code labels market. The leading QR code label manufacturers are introducing cutting-edge QR code labels that are produced from post-consumer recycled material or are completely recyclable.

To take a significant possible proportion of the market, the top QR code label producers collaborate with brand owners in the food and beverage, pharmaceutical, chemical, personal care, and cosmetics sectors.

Recent Development

Acquisitions

  • CCL Industries Inc. announced the acquisition of McGavigan Holdings Ltd., a privately held company specializing in ‘in mold’ decorative components for automobile interiors, in January 2022.
  • Lintec Corporation announced in April 2021 that it has acquired Duramark Products, Inc., situated in South Carolina, United States. The company manufactures and distributes a variety of adhesive products.

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Top Trends Shaping Strategic Activities of QR Code Labels Manufacturers

  • Waterproof QR code labels
  • QR code labels specifically designed for packaged seafood products
  • Mass integration of QR code labels on alcoholic beverages by wholesale and retail distributors

A majority of established companies manufacturing QR code labels are shifting their focus to waterproof QR code labels that efficiently withstand harsh weather conditions. The growing incorporation of QR code labels in seafood products and liquor bottles marks another strong trend in the QR code labels landscape, observed in recent years.

Russian wholesalers and retailers dealing in alcoholic beverages have commenced mass QR code labeling for all liquor bottles, as a brand-new effort to adapt to their electronic tracking and monitoring systems. While this trend is now also applicable to both premium spirits and beer, it is likely to enable the Russian alcohol industry to maintain a track of export, import, and sales, in addition to production, distribution, and sales.

Australia-based QR code label manufacturers have been investing efforts in tracking seafood and meat products through transit and thereby allowing consumers to remain informed of products’ history and current status.

In a recently released intelligence outlook, Future Market Insights forecasts a strong growth outlook for the global QR code labels marketplace over the next few years. Superior functional attributes of QR code labels over conventional barcodes will remain the primary booster for manufacturers of the former in the global landscape.

Enjoying extensive applicability in security, inventory management, mobile payment, and marketing & advertisement, QR code labels will reportedly continue to gain higher traction owing to high storage capacity for text, URLs, webpages, and contact information. Up to 30% damage tolerating ability is also cited as an important factor pushing the adoption of QR code labels across industries.

Key Insights Drawn from Report –

  • Pressure-sensitive QR code labels remain an attractive segment, globally, across multiple industrial verticals.
  • Adoption across the F&B industry is estimated to gather momentum, boosting sales of QR code labels in the near future.
  • Anti-counterfeiting applications are projected to uplift sales of QR code labels in the automotive sector.
  • Soaring smartphone sales and the thriving retail sector are indirectly (positively) impacting the QR code labels landscape.
  • China, with nearly 40% value share in the Asia Pacific market, remains the revenue growth engine for the regional QR code labels marketplace.
  • North America’s market for QR code labels is slated to demonstrate exceptional growth in revenue, in coming years.
  • Globally and regionally leading QR code labels manufacturers are likely to eye lucrative investment pockets across Asia Pacific, and Middle East & Africa.

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QR Code Labels Market by Category

By Label Type:

  • Sleeve Labels
  • Glue Applied Labels
  • Pressure Sensitive Labels
  • Other Labels

By Printing Technology:

  • Flexographic Printing
  • Digital Printing
  • Offset Lithography
  • Gravure Printing
  • Other Printing Technology

By End Use:

  • Food & Beverage
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Automotive
  • Homecare & Toiletries
  • Chemicals
  • Industrial
  • Others

By Region:

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

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 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

Shortwave Infrared (SWIR) Market Sales to Expand at 7.8% CAGR amid Urgent Need to Monitor and Secure Dangerous Areas Worldwide | Future Market Insights, Inc.

In 2033, the market for shortwave infrared (SWIR) is projected to be worth US$ 418.0 million. In the following ten years, the market is projected to surge at a CAGR of 7.8%. By 2023, it is anticipated to reach US$ 197.1 million.

Shortwave infrared cameras are used where normal cameras cannot function as they have light and environmental limitations. Shortwave infrared cameras are useful in situations where the surroundings are not normal such as in rainy season, fog, and smoke.

Hence, such cameras are widely used by military personnel for defense purposes as they have to detect suspicious activities along the border lines of the nation. Shortwave infrared cameras are used in low lights and at night as they have night vision mode.

They can easily differentiate between water vapors, temperatures, and different materials. Owing to these features, shortwave infrared devices can be used in spectroscopy, astronomy, and geology.

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Increasing adoption of shortwave infrared devices for surveillance and tracking applications is expected to promote additional growth. Military uses for shortwave infrared technology are anticipated to surge tremendously.

Shortwave infrared cameras have arisen to provide monitoring services for securing dangerous areas. They can be mounted on trucks, buildings, and unmanned aerial aircraft. They have the ability to detect any dangers or criminal behavior.

Key Takeaways from Shortwave Infrared (SWIR) Market

  • In the historical period, the shortwave infrared market flourished at a CAGR of 8.7%, reaching US$ 181.5 million in 2022.
  • By 2033, it is anticipated that the USA shortwave infrared market size will be worth US$ 134.7 million.
  • Between 2023 and 2033, the shortwave infrared market in the United Kingdom is anticipated to surge at a 7.0% CAGR.
  • The forecast timeframe is expected to see the Japan shortwave infrared business generate an absolute dollar potential of US$ 15,3 million.
  • The market for shortwave infrared in South Korea is anticipated to expand at a CAGR of 8.2% during the anticipated period.

“Spectroscopy and astronomy both make substantial use of shortwave infrared linear cameras. They are employed to locate distant galaxies objects. At the same time, they are used to assess characteristics such as temperatures and determine if galaxies contain water,” says a lead analyst at Future Market Insights.

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Competitive Landscape: Shortwave Infrared (SWIR) Market

Market participants for shortwave infrared are consistently expanding their product lines and creating better analytical solutions. A select few shortwave infrared manufacturers are concentrating on partnerships, technological alliances, and product launch plans. The market’s tier 2 players want to expand their shortwave infrared market share.

The leading shortwave infrared firms include Raptor Photonics, Hamamatsu Photonics K.K., New Imaging Technologies, Allied Vision Technologies, Princeton Infrared Technologies Inc., Collins Aerospace, Leonardo DRS, InView Technology Corporation, Lynred, FLIR Systems Inc., Opgal Optronic, and IRCameras LLC among others.

For instance,

  • In December 2021, TriEye, an Israel-based shortwave infrared sensing solutions provider, announced that it raised US$ 74 million in a funding round. It was led by M&G Investments, Varana Capital, and Samsung Ventures. This deal takes the total funding to the company to US$ 96 million. The funds will be utilized to commercialize spectrum enhanced detection and ranging (SEDAR). They are TriEye’s imaging and ranging solutions for advanced driver assistance systems and autonomous vehicles.
  • In August 2021, Collins Aerospace, a USA-based defense equipment manufacturer announced that it has signed a definitive agreement to acquire FlightAware. The latter is a digital aviation company that provides decision making tools and global flight tracking solutions. Customer experience, data collection, and analytics from FlightAware are expected to help Collins Aerospace. It aims to provide a full ecosystem to its customers. The digital aviation solution is expected to help the defense and aviation industry bring a new revolution.
  • In May 2021, Teledyne Technologies Incorporation based in the USA announced that it has acquired FLIR Systems. It designs and produces thermal imaging cameras and sensors. FLIR will be included in Teledyne’s digital imaging segment. It is expected to operate under the name Teledyne FLIR. Total consideration amount for the whole transaction is expected to be US$ 8.2 billion. Teledyne FLIR is set to provide a full spectrum of imaging technologies and complete imaging systems.

Get More Exclusive Insights into Shortwave Infrared (SWIR) Market Study

Future Market Insights, in its new offering, presents an unbiased analysis of the shortwave infrared market, presenting historical market data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study reveals extensive growth in the shortwave infrared market in terms of type (area scan, line scan), technology (cooled, uncooled), end user (electronics & communication, aerospace, food & beverages, automotive, medical & healthcare, military & defense), and Region.

Shortwave Infrared (SWIR) Market Outlook by Category

By Type:

  • Area Scan
  • Line Scan

By Technology:

  • Cooled
  • Uncooled

By End User:

  • Electronics and Communication
  • Aerospace
  • Food and Beverages
  • Automotive
  • Medical and Healthcare
  • Military and Defense
  • Others

By Region:

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

Report Customization available  https://www.futuremarketinsights.com/customization-available/rep-gb-16748

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 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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Motor Control IC Market Set to Surge, Projected to Reach $8.7 Billion by 2033

The Motor Control IC Market is on the brink of significant growth, with an anticipated surge from US$ 5.2 billion in 2023 to a whopping US$ 8.7 billion by 2033, reflecting a remarkable CAGR of 5.3% during the period. This robust expansion can be attributed to the escalating demand for motor control ICs across diverse applications. Concurrently, the market is witnessing a rising appetite for energy-efficient solutions and the burgeoning popularity of electric vehicles.

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Key Takeaways:

  • The Motor Control IC Market is poised for substantial growth, with a projected valuation of US$ 8.7 billion by 2033, driven by the rising demand for energy-efficient solutions and electric vehicles.
  • Miniaturization and integration of motor control ICs, coupled with the integration of artificial intelligence, are pivotal trends shaping the market’s future.
  • While opportunities abound, technological innovation and supply chain resilience will be crucial to overcoming potential challenges.
  • Regionally, North America and Europe lead the charge, while Asia-Pacific emerges as a promising market.
  • 3 phase motor controller ICs are set to dominate, catering to electric vehicles and industrial applications, with single phase motor controller ICs showing steady growth in consumer electronics and smaller-scale industrial equipment.

Drivers and Opportunities:

The burgeoning demand for energy-efficient solutions is spreading its wings across various industries, including automotive, consumer electronics, and industrial automation. Motor control ICs emerge as pivotal components in these solutions, facilitating precise motor control, reducing energy consumption, and enhancing overall efficiency. Consequently, their increased deployment across industries acts as a catalyst for market growth.

Moreover, the 3 phase motor controller IC market is poised for substantial growth, bolstered by the surging adoption of 3 phase motors in industrial equipment and electric vehicles. With the electric vehicle landscape evolving rapidly, the demand for these ICs in drivetrains to regulate torque, speed, and direction is slated to soar.

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Competitive Landscape-Regional Trends:

Intriguingly, a prominent trend in the market is the growing clamor for miniaturization and integration of motor control ICs. This phenomenon is chiefly driven by the imperative need for smaller, more efficient devices, particularly in applications like robotics and drones. Furthermore, the integration of artificial intelligence into motor control systems promises precision and efficiency optimization, a compelling factor contributing to market dynamism.

Restraints:

While the motor control IC market shows immense promise, challenges such as the need for technological advancements and potential supply chain disruptions loom. Meeting the ever-evolving demand for sophisticated ICs will necessitate ongoing innovation and robust supply chain management.

Region-wise Insights – Category-wise Insights:

Regionally, diverse markets are showing varying levels of enthusiasm for motor control ICs. North America and Europe remain at the forefront due to their advanced technological ecosystems and adoption of electric vehicles. In contrast, emerging economies in Asia-Pacific are experiencing a surge in demand for motor control ICs, driven by the rapid industrialization and electrification of transportation.

In terms of categories, 3 phase motor controller ICs are anticipated to dominate the market as they cater to the burgeoning electric vehicle sector and industrial applications. However, the market is witnessing steady growth in single phase motor controller ICs, predominantly in consumer electronics and smaller-scale industrial equipment.

Other Key Players Operating in the Motor Control IC Market

  • Schneider Electric SE
  • General Electric Company
  • Siemens AG
  • Maxim Integrated
  • ON Semiconductor
  • NXP Semiconductors
  • STMicroelectronics

Motor Control IC Market Survey By Category

By Type:

  • Brushed DC Motor Control IC
  • Brushless DC Motor Control IC
  • Stepper Motor Control IC

By Industry:

  • Automotive
  • Building Control
  • Industrial Automation
  • Consumer Electronics
  • Healthcare
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • Japan
  • 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 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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Thermocouple Temperature Sensors Market: Strong Growth Expected, Valuation to Reach $1.1 Billion by 2033

The global Thermocouple Temperature Sensors Market is poised for substantial growth, projected to achieve a remarkable CAGR of 3.8% from 2023 to 2033. By 2033, the market is anticipated to reach an impressive valuation of US$ 1,110.0 million, building on its 2023 estimated value of US$ 767.7 million. This growth can be attributed to several key factors that underscore the significance of thermocouple temperature sensors in various industries.

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Key Takeaways:

  • The Thermocouple Temperature Sensors Market is forecasted to grow at a CAGR of 3.8%, reaching a valuation of US$ 1,110.0 million by 2033.
  • Versatility in measuring extreme temperatures, durability, and resistance to harsh conditions drive the demand for thermocouple temperature sensors across industries.
  • Cost-effectiveness and real-time temperature monitoring needs are expected to sustain market growth.
  • Regional trends highlight the dominance of North America, Europe, and Asia-Pacific in the market.

Drivers and Opportunities:

One of the primary drivers behind the soaring demand for thermocouple temperature sensors is their exceptional versatility in measuring a wide range of temperatures, spanning from extremely high, exceeding 2300°C, to the cryogenic levels. This adaptability makes them the preferred choice for industries where precise temperature monitoring and control are paramount.

Moreover, thermocouple temperature sensors exhibit robust resistance to harsh environmental conditions, coupled with remarkable durability. They are engineered to withstand high pressures, vibrations, and corrosive substances, rendering them invaluable assets to industries such as manufacturing, aerospace, automotive, and petrochemical.

The cost-effectiveness of thermocouple temperature sensors further extends their appeal, making them increasingly attractive to budget-conscious companies across various sectors. Although alternative temperature sensors like thermistors and platinum resistance thermometers (RTDs) exist, the steadfast demand for thermocouple sensors is expected to outshine any potential competition.

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Competitive Landscape – Regional Trends:

In the competitive landscape of the Thermocouple Temperature Sensors Market, regional trends play a pivotal role. As the market continues to grow, regions such as North America, Europe, and Asia-Pacific are expected to dominate in terms of both production and consumption.

Restraints:

Despite their many advantages, the Thermocouple Temperature Sensors Market may encounter certain limitations. The market could face challenges from alternative temperature sensing technologies, especially in applications where specific requirements demand alternatives over thermocouples.

Region-wise Insights – Category-wise Insights:

  • North America: With a mature industrial sector and stringent quality standards, North America is expected to maintain a significant market share. Key applications include aerospace, automotive, and healthcare.
  • Europe: Europe is likely to witness substantial growth due to a surge in research and development activities and an emphasis on sustainability in industries like manufacturing and energy.
  • Asia-Pacific: The Asia-Pacific region is poised for rapid growth, driven by industrial expansion and technological advancements, particularly in countries like China and India.
  • Latin America: Latin America presents opportunities in the agriculture and food processing sectors, where temperature monitoring is essential for quality control.
  • Middle East and Africa: The region is expected to experience steady growth, primarily driven by the petrochemical and mining industries.

Thermocouple Temperature Sensors Market Outlook by Category

By Application:

  • Food & Beverage
  • Power Generation
  • Automotive
  • Petrochemicals & Chemicals
  • Oil & Gas
  • Metals & Mining
  • Other Applications

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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 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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Postbiotic Pet Food Market Set for Exponential Growth, Projected to Reach US$ 1,231.58 Mn by 2033

Postbiotic Pet Food Market

According to a recent report by FMI, the global postbiotic pet food market is expected to grow at a CAGR of 6%. The market is estimated to surge from a valuation of nearly US$ 856.40 Mn in 2023 to US$ 1,231.58 Mn by the end of 2033.

The postbiotic pet food market is expected to grow significantly in the next ten years. This is due to the increasing awareness of various benefits of postbiotics for pets. Postbiotics are live microorganisms that are beneficial to the health of animals. They help to improve digestion, immunity, and skin health.

In recent years, the pet food industry has seen a shift towards more natural, holistic, and sustainable products. This trend is mainly set to be driven by growing awareness of the health and environmental benefits of plant-based diets, as well as various ethical concerns revolving around animal agriculture.

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One of the fastest-growing segments in the pet food industry is postbiotic foods. Postbiotic foods are made with live bacteria that have been fermented to break down carbohydrates and proteins into easily digestible nutrients. This type of food is thought to be closer to what dogs and cats would eat in the wild, and it has been shown to improve gut health and digestion.

Moreover, a postbiotic is a good bacterium that is found in some fermented foods. These good bacteria help to keep the digestive system healthy and improve immune function. Postbiotic pet food is made with these good bacteria, which can help to improve the pet’s health.

The beneficial effects of postbiotics have been well-studied in humans. Some research has shown that they can help to enhance gut health, reduce inflammation, and boost immunity. There is also some evidence that they may help to reduce the risk of obesity and diabetes.

Key Takeaways from the Postbiotic Pet Food Market Report

  • The postbiotic pet food market exhibited steady growth at a CAGR of 4.9% during the historical period from 2017 to 2022.
  • The global market for postbiotic pet food is anticipated to surpass US$ 1,231.58 Mn by the end of 2033.
  • The U.S., China, Canada, Germany, and Mexico are the major countries driving the demand for postbiotic pet food.
  • The North America postbiotic pet food market is expected to register a 38% CAGR between 2023 and 2033.
  • The market size for postbiotic pet food is expected to reach US$ 856.40 Mn by the end of 2023.

Competition Landscape: Postbiotic Pet Food Market

Some of the key players in the global postbiotic pet food market are Royal Canin, Nestle Purina Pet Care Company, Mars Inc., Chr. Hansen (Denmark), Kinglike DSM N.V., DowDuPont, Evonik Industries, Land O’Lakes. Other players include Lallemand, Bluestar Adisseo Co., Lesaffre, Alltech, Novozymes, Calpis Co. Ltd., Schouw & Co., Unique Biotech, Pure Cultures, Kerry, and Mitsui & Co., Ltd.

North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the region’s postbiotic pet food market is expected to grow at a rapid pace in the next ten years due to the presence of a favorable legal and regulatory environment.

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Get Valuable Insights into Postbiotic Pet Food Market

FMI, in its new offering, provides an unbiased analysis of the postbiotic pet food market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for postbiotic pet food market based on product (cattle, swine, aquaculture, pet, equine, others), by form(dry, liquid, capsule, others), by region (North America, Latin America, Europe, Asia Pacific, Oceania, MEA).

Postbiotic Pet Food Market Outlook by Category

By Product:

  • Cattle
  • Swine
  • Aquaculture
  • Pet
  • Equine
  • Others

By Form:

  • Dry
  • Liquid
  • Capsule
  • Others

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Asia Pacific Nutraceutical Market Expected to Attain around US$ 175,487.1 million by 2033

Asia Pacific Nutraceuticals Market

According to forecasts, the Asia Pacific nutraceutical market is expected to be US$ 90,482 million in 2023 and US$ 175,487.1 million by 2033.

Due to rising urban health and wellness consciousness and rising disposable income among Chinese consumers, the market in China is expected to see excellent development prospects in the future. Chinese supplements provide a high concentration of natural, safe plant extracts that are helpful.

In China, the elderly make up the bulk of the population, and the rising incidence of age-related conditions, including arthritis, cardiovascular disease, and other chronic illnesses, is causing consumers to turn more and more to nutraceuticals.

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Asia-Pacific consumers are starting to take their health and well-being more seriously. As a result of these advantages, they are increasingly favoring functional foods and drinks. Young customers in the area are becoming more conscious of their fitness and health and are participating in physical activity.

Young millennials are therefore choosing energy drinks and nutrition supplements. Players in the industry are also releasing fresh items with distinctive flavors in response to consumer demand. For instance, Red Bull India introduced a new energy drink with a watermelon taste in February 2022. The item is offered on many e-commerce sites, including Amazon, Big Basket, and Flipkart.

Key Takeaways

  • The Asia Pacific nutraceutical market grew considerably to US$ 87,001.72 million in 2022.
  • The Asia Pacific nutraceutical sector expanded at a CAGR of 7.3% from 2018 to 2022.
  • By 2033, China’s market is projected to develop with a CAGR of 5.5%. In 2022, the China market expanded with a share of 31.2%.
  • By 2033, the market in India is projected to expand with a CAGR of 7.6%. In 2022, the Indian market grew with a share of 17.8%.
  • The market in Japan expanded significantly, with a 27.9% share in 2022.
  • The market in Australia grew significantly, with a share of 6.7% in 2022. The region is expected to develop at a significant CAGR of 8.5% by 2033.
  • In 2022, dietary supplements dominated the market, with a share of 34.5%, based on type.
  • In 2022, the general wellness segment dominated the market, with a share of 37.8%, based on application.

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Competitors Winning Strategies

Through product innovation, business growth, and mergers and acquisitions, companies prioritize satisfying customer wants. The governments of several nations encourage consumption. The market area is fragmented, with both international and local businesses present. General Mills Inc, Abbott Nutrition, PepsiCo Inc., Herbalife International of America Inc., and Alticor are the dominant companies in the market.

Recent Developments

  • Remedy K! CK, an all-natural clean energy drink, was released by Remedy Drinks in October 2022. It is now sold at 7-Eleven locations all around Australia. Three fruity Remedy K! CK varieties are offered: blackberry, lemon-lime, and mango pineapple.
  • Tata Consumer Products introduced a line of plant-based meats called Tata Simply Better in July 2022, breaking into the Indian market for such products. Moreover, e-commerce websites like Amazon and Flipkart provide the items. The market is anticipated to expand in the medium term due to rising consumer demand and preference for plant-functional foods.

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Key Segments

By Type:

  • Functional Food
  • Dietary Supplements
  • Pharmaceuticals
  • Functional Beverages
  • Personal Care

By Application:

  • General Wellness
  • Weight Management
  • Sports & Energy
  • Beauty and Anti-aging
  • Digestive Health

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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Lactose Free Dairy Products Market Analysis by Regions, Types, Applications and Key Companies Contribution 2022-2032

Lactose Free Dairy Products Market

The global lactose free dairy products market is expected to reach market valuation of USD 13.5 Bn by the year 2022, accelerating with a CAGR of 5.5% by 2022-2032.

Lactose intolerance is a common and debilitating illness that affects an estimated 75% of people worldwide. As a result, consumers avoid dairy products since lactose is difficult for them to digest. Lactose intolerance currently affects over 40 million Americans, or around one-third of the population, in varying degrees of severity. It is particularly common in people of East Asia, affecting more than 90% of adults in some of these populations. As a result, lactose-free dairy products have a large growth opportunity in the global market.

Various studies have shown, however, that a lactose-intolerant consumer can readily ingest a small amount of dairy products because lactose levels are relatively low in them. Nonetheless, the introduction of lactose-free dairy products to the market gave lactose-intolerant consumers the ability to consume dairy-based food items in the desired quantity.

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Key Takeaways from Market Study

  • The market is segmented based on product type, wherein lactose free milk is anticipated to account for a major chunk of the market share over the forecast period
  • The North American lactose free dairy products market is expected to witness a lucrative growth rate of 5.8% during the forecast period.
  • Lactose free dairy products which are organic is expected to hold a market share of over 40% in the forecast period
  • Lactose free dairy products is also segmented based on form, wherein the liquid form is expected to account for a sizeable portion of the market share over the forecast period

 “Lactose free dairy product faces stiff competition from other plant-based food products, which has slowed down the growth potential of the market,” says a Future Market Insights analyst.

Competitive Landscape

Leading lactose free dairy products makers are preferring to create new products to provide customers with a wide range of options, while the less adopting tactics included expanding into new regions and raising knowledge about lactose-free dairy products:

  • In 2020, Valio, a Finnish dairy and food firm, and Palmer Holland collaborated to distribute lactose-free milk powders. This was a critical step in bringing new value-added dairy components to the US market for both parties
  • Danone launched a lactose-free food line in Spain, named Activia, with a few varieties to capitalize on the country’s lactose-free population

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Lactose Free Dairy Products Market By Category

By Product Type, Lactose Free Dairy Products Market is Segmented as:

  • Milk
  • Condensed Milk
  • Milk Powder
  • Yogurt
  • Ice cream
  • Cheese
  • Other Products

By Form, Lactose Free Dairy Products Market is Segmented as:

  • Liquid
  • Semi-solid
  • Powder

By Nature, Lactose Free Dairy Products Market is Segmented as:

  • Organic
  • Conventional

By Sales Channel, Lactose Free Dairy Products Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Lactose Free Dairy Products Market is Segmented as:

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

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About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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