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Global Dental Adhesives Industry Poised for Steady Growth at 4.5% CAGR, Reaching US$3.58 Billion by 2032 | FMI Study

The Global Dental Adhesives Industry is on a trajectory for stable expansion, according to a recent industry study from Future Market Insights (FMI), a leading provider of market research data and advisory services. In 2021, the market was valued at an estimated US$2.22 billion. Looking ahead, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of around 4.5% throughout the forecast period, reaching a target market value of US$3.58 billion by 2032.

The introduction and broad use of adhesive materials have caused a revolutionary change in the field of restorative and preventative dentistry. Views on operational dentistry have changed dramatically with the advent of bonding adhesives and the development of minimally invasive dentistry.

In recent times, there has been remarkable progress in the development of adhesive materials and processes, leading to their increased efficacy in tooth preservation as opposed to extraction. Notably, these advancements are most conspicuous in the realms of conservative dentistry and, more specifically, adhesive dentistry.

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Dentures and denture adhesives are projected to be in higher demand as the number of older patients who lack teeth rises. People who wear dentures frequently use denture adhesives, to attain the required retention and stability while communicating. As a result, these are recommended by dental practitioners to them.

Many prosthodontists have believed that prescribing denture adhesives is a way to make up for any flaws in the fabrication processes. Denture adhesives increase retention, enhance chewing ability, lessen instability, offer comfort, and prevent food debris from accumulating under the dentures. As a result, they boost the patient’s satisfaction and sense of security.

Therefore, the adoption of dental adhesives will increase in the coming years and will boost the overall growth of the dental adhesives market.

Key Takeaways from the Global Dental Adhesives Industry Study

Restorative adhesives are the leading segment by product, and hold approximately 9% market share in 2021, owing to their advantage of enhancing esthetics and popularity of use among practitioners.
Liquid formations lead the dental adhesives market as a formulation with a projected CAGR of 4% during the forecasted years, as they are effortless in use and can be manipulated as required while using. Moreover, they also adhere the denture to the soft tissues preventing its dislodgement and causing discomfort to the patient.
North America is considered the leading region with a global market share of around 4% in 2021, owing to more awareness regarding dental procedures and cosmetic requirements.
The South Asian market for dental adhesives is set to project a CAGR of 5% over the forecasted years, due to more geriatric population requiring dentures.

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Global Dental Adhesives Industry Competition

Key players in the dental industry use several strategies for enhancing the use of more biocompatible and safe dental materials. To obtain this approach, market players have displayed several developments and product launches to provide a comprehensive range of products encompassing minimally invasive dental procedures.

In January 2022, Colgate-Palmolive Company and 3Shape collaborated to make the Colgate Illuminator, the exclusive teeth-whitening instrument customized for each patient, to dental clinics across the United States. The new technology is expected to make consultations more accurate and provide a better patient experience.
In January 2021, in a joint announcement, American Orthodontics and Ultradent Items, Inc. stated that American Orthodontics would be the sole distributor of products under the Opal Orthodontics brand for orthodontists in the US.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on dental adhesive devices in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global dental adhesives market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The dental adhesives market is segmented into four parts based on the dental adhesives market by product – (denture adhesives, and restorative adhesives), by formulation (creams, powders, liquid, and others), and by distribution channel (hospitals, dental clinics, dental academic, and research institutes, and others), across seven key regions of the world.

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Key Market Segments Covered in Global Dental Adhesives Industry Research

By Product:

Denture Adhesives
Restorative Adhesives

By Formulation:

Creams
Powders
Liquid
Others

By Distributional Channel:

Dental Clinics
Hospitals
Dental Academic and Research Institutes
Others

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Liquid Egg Market Poised for Growth: Projected Revenue of US$ 9,791.7 Million by 2033 Driven by Convenience, Health-Conscious Consumers, and Culinary Innovations

The global liquid egg market is expected to reach a valuation of US$ 5,304 million in 2023, expanding at a healthy 6% CAGR over the forecast period. Liquid egg sales currently account for about 8.9% of the global egg market in terms of value.

Demand for liquid eggs is mostly driven by rising demand from the food and beverage industry as a result of greater awareness of beg protein. As a result, several companies are using liquid egg in packaged meals and beverages to improve product quality and gain a competitive advantage.

Demand for high-quality, protein-rich components in food products is expected to rise, boosting market sales. Consumers incorporate processed egg products into dishes, such as pre-cooked fried eggs and scrambled eggs.

The velvety smoothness of liquid eggs enhances pre-cooked microwaveable dishes. Microwaveable foods, such as eggs, thaw and freeze faster when frozen. Furthermore, liquid eggs aid to bind and emulsify foods such as salad dressings, sauces, dips, and mayonnaise.

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Furthermore, the COVID-19 pandemic had a significant influence on the global economy, with businesses facing unforeseeable consequences. Sales in the food and beverage sector have plummeted due to disrupted supply chains.

However, demand is projected to grow at a considerable pace over the forecast period, creating growth prospects for players operating in the global liquid egg market over the forecast period.

Rapid urbanization and changing living patterns are driving the liquid eggs market. Liquid eggs are a more practical and superior alternative to shelled eggs as they are easy to incorporate, come in a user-friendly packaging and make the transportation and handling simple.

Liquid eggs also cut down on the waste produced by breakage. Growing demand from the food and beverage sector is anticipated to bode well for the market. They are also utilized in cosmetics, personal care products, and animal feed.

Key Takeaways:

Based on product type, sales in the egg white segment will hold around 28.7% of the total market share over the forecast period.
In terms of source, demand for organic liquid egg will increase at a 8.3% CAGR through 2032.
Sales in the North America liquid egg market are expected to grow at a 8.2% CAGR during the forecast period.
The East Asia liquid egg market will account for nearly 18.9% of the total liquid egg consumption through 2032.
Applications of liquid egg in the food and beverage sector will account for over 17.5% of the total market share over the forecast period.

Competitive Landscape

Leading liquid egg companies are expanding their facilities and are investing in egg processing technologies and equipment. Cargill Incorporated, for example, committed US$ 20 million in 2018 to expand its Big Lake egg processing unit to accommodate rising customer demand for a wider range of egg products.

Some players operating in the market are Nest Fresh Eggs Inc., Cargill, Incorporated. Ovostar Union NV, Global Food Group BV, Rose Acre Farms, Ready Egg Products Ltd, Bumble Hole Foods Limited, NewburgEgg Corp., Rembrandt Enterprises, Inc., D Wise Ltd., Vanderpol’s Eggs Ltd., Eggland, and others.

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Liquid Egg Market by Category

By Product Type:

Whole Egg
Egg white
Egg Yolk
Scrambled mix

By Form:

Frozen
Refrigerated

By Source:

Conventional
Organic
Cage-free

By End-use Application:

Food Industry
Biotechnology
Cosmetic Industry
Pharmaceutical and Dietary Supplement
Animal Nutrition
Other Applications
Retail Sales

By Sales Channel:

B2B
Ho-Re-Ca
B2C

By Region:

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

Key Questions Answered in the Report

How big is the liquid egg market?

The liquid egg market is forecast to reach a valuation of US$ 5.1 Bn by 2022.

What is projected liquid egg market Size in 2032?

The liquid egg market is anticipated to reach a valuation of US$ 9.1 Bn by 2032.

What is the liquid egg market outlook?

The liquid egg market is expected to expand at a 6.1% CAGR over the forecast period.

About Future Market Insights (FMI)

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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Butter Flavor Market on the Rise: Projected Revenue of US$ 569.4 Million by 2033 Fueled by Culinary Trends

The global butter flavour market size is anticipated to gain substantial growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is poised to cross a valuation of US$ 288 million in 2023. It is anticipated to reach a valuation of US$ 569.4 million by 2033. The market is predicted to showcase a CAGR of 7% from 2023 to 2033.

This growth is attributed to the growing demand for custom flavour creations in the food and beverage industry, as it serves as an excellent foundation for a variety of complex flavour profiles and can be used to help replicate specific flavours in products such as confectionery treats, making it an important ingredient throughout the industry.

Popular savoury food items such as potato chips, pretzels, and especially popcorn are a few of the common products in the F&B industry where butter flavours are used extensively to introduce new and innovative flavours in the product portfolio.

Butter flavours can be a side note to other flavours or can be used to create new flavours in snacks. It has gained much traction as an addition to new flavours ranging from sour cream and onion to cheesy garlic flavours, other than being used for a simple buttery flavour.

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The development of butter substitutes such as margarine is one of the most common uses of buttery flavours. As a result, it’s very frequent in the creation of dietary food products that don’t utilize real butter to reduce fat and calories in recipes. In this case, selecting the correct buttery flavour is critical, as the buttery must taste as near to the “real thing” as possible.

Moreover, it is also extensively used in the production of liqueurs, as a key component of butterscotch flavours as well as custom flavoured vodkas and rums. Subsequently, rising demand for value-added food products among consumers along with new food items has supported the growth of the butter flavour market.

Key Takeaways from Market Study

The butter flavour market by form is expected to expand at CAGRs of 5.6% for liquid form and 9.1% for powder form, through 2032.
The market is segmented based on product type, wherein vegan accounted for 18.9%, is expected to witness a lucrative growth rate of 9.2% over the forecast period.
The European butter flavour market is expected to witness a lucrative growth rate of 7.0% during the forecast period.
Growing consumer preference for healthy and nutritious food products is driving sales of butter flavour across global markets.
By nature, the natural butter flavour market is anticipated to hold the highest market share of around 57.4% in the year 2022
Due to the pandemic, the supply chain for the butter flavour market was hampered significantly, resulting in a sale slowdown. However, with economies recovering and increasing consumer demand for healthy and nutritious food products, the industry is likely to rise significantly

Competitive Landscape

Key manufacturers of butter flavour are using both organic and inorganic market strategies to stay afloat in the industry during these testing times. Players in the market are not only investing in new product innovations but have also restored to acquisitions and mergers to widen their global reach.

Butter Buds, a company producing non-dairy and dairy concentrates, invested in the development of oil-based alternatives that allow producers in the food & beverage industry to replace block butter in many food items, such as bakery products.
Innova Flavours, a savoury flavor and ingredients supplier was acquired from Griffith Foods Worldwide by an Ireland-based Carbery Group called Synergy Flavors in 2021.

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Segmentation Analysis of the Global Butter Flavour Market

By Form :

Liquid Form
Powder Form

By Nature :

Natural
Organic
Artificial

By Product Type :

Vegan
Dairy Based Flavours

By End Use Application :

Baked goods
Savoury
- Soups, Sauces, Condiments
- Prepared Food & Ready Meals
- Meat Poultry & Seafood
- Seasoning Blends
- Savoury snacks
Dairy Products
- Vegan Milk
- Hot chocolate
- Ice Cream & Dessert
- Yogurt
- Flavoured Milk
- Spreads
- Other Dairy Products (Cream, Butter milk)
Dry Beverage Mix
- Instant Coffee
- Cocoa
- Protein Blends
Confectionery
Dry Mixes (Pancake, waffle, muffin)
Meal Replacers
Microwave Popcorn
Margarines
Snack food
Breakfast Cereal
Dietary Supplements
Sports Nutrition

By Region :

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

Key Questions Answered in the Report

What was the market for butter flavour worth in 2021?

The global butter Flavour market value was around USD 258.7 Mn in 2021.

At what rate will the butter flavour market grow through 2032?

Butter Flavour market revenue is expected to increase at a CAGR of around 7.1% during the period 2022-2032.

How big will the butter flavour market be b 2032?

Butter Flavour market is anticipated to reach a valuation of USD 550.1 Mn by 2032.

Which region is expected to drive the demand in the butter flavour market?

Europe is anticipated to drive the demand for butter Flavour market during the forecast period of 2022 to 2032.

Who are the key players operating in the butter flavour market?

Few of the key players in the market are Butter Buds Inc., DairyChem Inc., The Tatua Co-operative Dairy Company Limited, H.B. Taylor CO. among others.

About Future Market Insights (FMI)

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Stethoscope Hygiene Devices Industry Poised for Steady Growth at 6.9% CAGR, Reaching US$91.4 Million by 2032 | FMI

The Global Stethoscope Hygiene Devices Industry is on track for a promising future, fueled by growing awareness of infection control in healthcare settings. According to a recent industry study by Future Market Insights (FMI), the market is expected to reach a valuation of US$91.4 million by 2032. This translates to a steady Compound Annual Growth Rate (CAGR) of 6.9% projected throughout the forecast period.

The market is booming because of the growing need for stethoscope hygiene supplies, which is mostly driven by the ageing population’s rising healthcare requirements. The need for advanced stethoscopes has increased significantly as more older people seek primary diagnosis for various chronic conditions.

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According to the Centres for Disease Control and Prevention, people over the age of 65 are more likely to acquire serious health problems such as heart disease, the flu, chronic obstructive pulmonary disease, asthma, and other ailments.

According to the World Ageing 2019 report, there were around 703 million adults aged 65 years or older worldwide in 2019, with this figure anticipated to quadruple to 1.5 billion by 2050. This demographic transition is anticipated to increase stethoscope usage, which may raise the requirement for good stethoscope hygiene maintenance. This increase in demand may benefit the market for Stethoscope Hygiene Devices.

However, the market is now hampered by a lack of knowledge and experience in stethoscope disinfection. Increasing knowledge of good stethoscope hygiene could be a crucial area for development, as it can help maintain hygiene standards.

As the use of stethoscopes grows, so will the need for and production of Stethoscope Hygiene Devices, creating a profitable growth opportunity for the market.

Key Takeaways from Global Stethoscope Hygiene Devices Industry Study

Desktop Stethoscope Hygiene Devices are the leading product segment, accounting for approximately 6% of the market value in 2021, owing to their broad availability and the restricted availability of wearable Stethoscope Hygiene Devices.
Because UV is widely used for disinfection of all different kinds of things like surface disinfection, etc., as these rays are known for killing the microorganisms present on the contaminated object, the UV segment is set to lead in terms of technology of Stethoscope Hygiene Devices, with a market value share of around 3% in 2021.
Hospitals will have the highest market share value of 6% in 2021. This segment has emerged as a market leader because of the market’s number and diversity of healthcare experts.
South Asia is considered the most lucrative region with growth at a CAGR of 6% at the end of the forecast period, owing to the presence of market-specific products from India that have been launched recently.

“Rising demand for stethoscope use due to increasing geriatric population, and rising rates of nosocomial infection proliferation, are set to propel the sales of Stethoscope Hygiene Devices across the globe,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

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Global Stethoscope Hygiene Devices Industry Competition

There are only a few new and existing players operating in the Global Stethoscope Hygiene Devices Industry, which is highly concentrated. To capture that market, businesses are launching new products in various geographical locations.

In 2020, Vioguard launched the Cubby Plus UV-C disinfecting chamber with applications at home as well as in healthcare facilities.
On February 15, 2021, the Indian business Xech introduced the first stethoscope steriliser in the country, the Xech Sterostet, which sterilises stethoscope diaphragms of all sizes using specialised UV-C GI technology.

Key Companies Profiled

LightProgress/egoHealth
Xech
Your First Services Inc.
Vioguard
Edmund Optics
Parsons
UV Smart
Tangshan UMG Medical Instrument Co., Ltd.

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Key Segments Covered in Global Stethoscope Hygiene Devices Industry Research

By Product:

Wearable
Desk-Top

By Usage:

UV
Glass Plasma

By End User:

Hospitals
Clinics
Academic & Research Institutions
Ambulatory Care Centres
Others

Author

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Intraoral Scanner Industry Expected to Grow Consistently, Reaching US$ 1.5 Billion at a CAGR of 7.6% by 2034 | According to FMI

The Global Intraoral Scanner Industry is on a trajectory for significant growth, with a projected market valuation exceeding US$1.5 billion by 2034. According to a recent industry analysis, the market is anticipated to register a steady compound annual growth rate (CAGR) of 7.6% until 2034. This upward trajectory builds upon a strong foundation, with the intraoral scanner market already valued at an estimated US$744.7 million in 2024

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Such governmental aid could encourage the development of novel products and boost the demand within the market throughout the predicted period.
Such advancements are fuelling the demand for 3D imaging of intraoral structures.

Nearly 47.2% of Americans over 30 in the United States have periodontal disease, according to the Centers for Disease Control and Prevention (CDC). Additionally, the growing use of dental prostheses has encouraged the development of innovative dental technology, and the established global healthcare infrastructure is actively encouraging market growth.

Due to the expansion of the market’s supply of licenses and permits, which has broadened the selection of products, intraoral scanners are now more widely available.

Additionally, the need for more advanced diagnostic and therapeutic equipment and facilities will rise as the population ages. It is anticipated that the prevalence of age-related ailments will rise as the global aged population grows significantly.

To promote the sector and provide products that adhere to regulations, businesses in the market are focusing on obtaining regulatory licenses. Because of the increased use of these devices, the market for intraoral scanners will develop.

Key Takeaways from Global Intraoral Scanners Industry Study

The intraoral scanner market is expected to witness a surge in valuation, reaching over US$1.5 billion by 2034.
This growth is driven by a projected CAGR of 7.6%, indicating a steady and significant rise in market size.
The increasing demand for minimally invasive dentistry and the growing adoption of digital workflows in dental practices are key drivers propelling market growth.
Advancements in intraoral scanner technology, offering improved accuracy, efficiency, and patient comfort, are further fueling market expansion.

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“Over the projection period, the Global Intraoral Scanners Industry will experience growth due to rising oral cancer incidence and increased awareness of oral hygiene.” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Global Intraoral Scanners Industry Competition

Leading industry players in the Global Intraoral Scanners Industry are focusing on the design, introduction, and approval of innovative products as a way to expand their product offerings and expand their geographic presence.

On 22^nd October 2022, Align Technology launched the latest iTero-Exocade connector software
Straight Smile LLC (“Byte”), a market leader in the direct-to-consumer, doctor-directed clear aligner sector, was acquired by Dentsply Sirona on January 12, 2021.

Global Intraoral Scanners Industry Key Players

Dentsply Sirona
3Shape
Straumann
Align Technology
Amann Girrbach
3D Totem
Shining 3D
Others

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the Global Intraoral Scanners Industry in its latest study, presenting a historical demand assessment of 2017 to 2021 and projections for 2022 to 2032. The Global Intraoral Scanners Industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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Segments Covered in Global Intraoral Scanner Industry Research

By Product:

Intraoral Scanners
- Benchtop Intraoral Scanners
- Stand-alone CAD/CAM Scanners
- 3D Handheld Scanners
Intraoral Cameras
Intraoral Sensors
Stand-Alone Software

By Modality:

Closed system
Open system

By End User:

Hospitals
Dental Clinics
Group Dental Practices
Ambulatory Surgical Centres

Author

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Titanium Dioxide Color Market Aiming High: Projected Revenue of US$ 44.9 Million by 2033 Driven by Innovations in Pigments and Coatings

The titanium dioxide color market size is expected to be a total of US$ 34 million in 2023. The market is projected to proceed at a CAGR of 3% through 2033.

Titanium dioxide colour is used in a variety of dairy-based products, including cheese, ice cream, milk beverages and milk replacements, pudding/custard, dips and spreads and yoghurt. It is very inexpensive.

More expensive dairy solids as a colourant may be replaced by the product in order to cut calories and fat content, as consumers today prefer pleasant food products with a health-conscious focus.

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In terms of application, the dairy segment is projected to expand at a CAGR of 2.4% over the forecast period, exceeding US$ 1,835.0 Thousand in 2022.

Key Takeaways from Titanium Dioxide Color Market Study:

The U.S. is estimated to account for more than 87.3% of the North America market in 2022 for titanium dioxide color.
Brazil is projected to lead the Latin America titanium dioxide color market with 47.7% market share in 2022.
Latin America is anticipated to register highest CAGR of 4.4% during the forecast period backed by growing consumer awareness regarding the use of the product.
EMEAI region is projected to hold highest market value with US$ 14,487.6 Thousand in 2022.
Germany is estimated to account for 21.8% of EMEAI market share in 2022, while India is estimated to hold over 14.6% share in Asia Pacific.
China is projected to hold market share of 40.3% in APAC in 2022.

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Who is winning?

Key players are focusing primarily on growth drivers for titanium dioxide color market, as the growing demand for the product among consumers in end use food industries are rising with each passing day. Manufacturing processes of the powder form product with technological innovations are improving day by day, thus increasing the product yield with higher quality. This is also expected to have a positive impact on the product quality, thus aiding the titanium dioxide color market growth.

Some of the leading companies offering titanium dioxide color are Tronox Incorporated, DuPont, Huntsman, Evonik Industries, Millennium Chemicals, Kronos, Ishihara Sangyo Kaisha Ltd., The Chemours Company, Lomon Billions Group and others.

Titanium Dioxide Color by Category

By Application:

Beverage
Bakery, Snacks, & Cereal
Candy / Confectionery
Dairy
Fruit Preparations / Fillings
Meat, Poultry, Fish, & Eggs
Potatoes, Pasta, & Rice
Sauces, Soups, & Dressings
Seasonings
Pet Food

By Region:

North America
Latin America
EMEAI
APAC

Frequently Asked Questions

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Global Inhalation and Nasal Spray Generic Drugs Industry Set for Explosive Growth at 8.96% CAGR, Reaching US$49 Billion by 2033 | FMI

The Global Inhalation and Nasal Spray Generic Drugs Industry is poised for a remarkable journey, with a projected Compound Annual Growth Rate (CAGR) of 8.96% anticipated throughout the forecast period. This translates to a significant increase, with experts predicting the market to reach a staggering US$49.01 billion by 2033, compared to its current valuation of US$20.78 billion in 2023.

Aging Population: A Key Driver of Market Growth

A major factor propelling this growth is the world’s rapidly aging population. As demographics shift, individuals over 60 are expected to comprise one in six people globally by 2030, according to World Health Organization projections. This number is expected to climb to a staggering 2.1 billion by 2050. This aging population is particularly susceptible to chronic respiratory conditions, leading to an increased need for inhalation and nasal spray generic drugs.

The Asthma and Allergy Foundation of America fortifies these projections, forecasting that by 2020, 7.8% of individuals over the age of 65 in the United States will be grappling with asthma. This underscores the pivotal role the industry is set to play in addressing the healthcare needs of an aging population.

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However, strict rules in other countries, such as Mexico and Russia, may limit demand for generic inhalation and nasal spray therapies. For example, COFEPRIS, Mexico’s regulatory authority, has adopted new criteria for generic medicine registration that may remove patents for new therapeutic uses. Furthermore, COFEPRIS has a unique generic medicine approval process in Mexico.

Key Takeaways from the Global Inhalation And Nasal Spray Generic Drugs Industry

The Asia-Pacific area is expected to grow at a profitable CAGR of 11.23% throughout the projection period. The region’s expansion has been largely attributed to the building of strategic alliances in the region to assist the development of generic products.
North America maintained its market leadership in 2021, with a revenue share larger than 35.0%. Aside from the increasing frequency of chronic respiratory difficulties, the introduction of new products, the completion of acquisitions, and the establishment of partnerships are all important elements in the region’s growth.
Retail pharmacies had the highest revenue share in 2021, accounting for more than 55.0% of total revenue, owing to rising healthcare expenses and increased demand for generic medications.
Because of attractive reimbursement regulations and an aging population, homecare will account for more than 50.0% of total money earned in 2021.
In 2021, the adult patient segment accounted for more than 40.0% of total revenue. The key driver of the segment’s growth is a rise in the number of adult asthma and COPD patients.
Because bronchodilators are widely used to treat respiratory disorders such as asthma and COPD all over the world, the bronchodilators market segment accounted for more than 25.0% of total revenue in 2021.

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Global Inhalation and Nasal Spray Generic Drugs Industry Competitive Landscape

Growth initiatives, such as product innovation, regulatory approval of new products, and mergers and acquisitions, are a primary emphasis of the Global Inhalation And Nasal Spray Generic Drugs Industry leaders. For instance, Cipla Inc. submitted an ANDA for a generic version of Advair Diskus, fluticasone propionate, and salmeterol inhalation powder in May 2020. Phase three trials of the product were successfully completed by the company in April 2020. The following companies are leaders in the global market for generic inhalers and nasal sprays:

Mylan N.V.
Akron, Operating Company LLC
Cipla Inc.
Sandoz International GmBH (Novartis AG)
Apotex Inc.
Hikma Pharmaceuticals PLC
Sun Pharmaceuticals Industries Ltd.
Beximco Pharmaceuticals Ltd

More insights available

North America is the largest inhalation and nasal spray generic market, driven by the high prevalence of respiratory diseases, a large aging population, and a well-established healthcare system. The United States is the dominant player in the region, with a significant share of the market.

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Key Segments in the Global Inhalation and Nasal Spray Generic Drugs Industry

Drug Class:

Bronchodilators
Combination Drugs
Corticosteroids
Decongestant Sprays
Antihistamines
Others

Indication:

Asthma
Chronic Obstructive Pulmonary Disease (COPD)
Allergic Rhinitis
Others

Patient Demographics:

Geriatric Patient
Adult Patient
Pediatric Patient

End-user:

Hospitals
Homecare
Others

Distribution Channel:

Hospitals Pharmacy
Retail Pharmacy
Online Pharmacies

Author

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

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Speech and Voice Analytics Market is Expected to Expand at a CAGR of 22.3% from 2022 to 2032

The Speech and Voice Analytics Market incomes were assessed at US$ 1.8 Bn in 2021 and is expected to develop at a CAGR of 22.3% from 2022-2032, as per an as of late distributed Future Market Insights report. Toward the finish of 2032, the market is supposed to arrive at a valuation of US$ 16.2 Bn.

Banks can offer normal, human-like conversations and satisfying commitment with clients by coordinating speech innovation with telephone banking. Banking firms focus on development to further develop their web banking offices. Beforehand, they depended on tedious and badly arranged techniques, for example, secret word verification, security questions, and One-Time Passwords (OTPs).

This situation, however, is evolving. Banks have perceived the need of supporting client experience and reinforcing security by integrating speech acknowledgment innovation into portable applications. Monetary help organizations, for example, Barclays Bank, United Services Automobile Association (USAA), and ING Bank have proactively started offering voice confirmation administrations to their clients to further develop the client experience, and they have gotten an ideal response.

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As per a FICO survey acted in the United States and Canada, 65% of Americans and 64% of Canadians were happy with uncovering their biometric data in 2020, demonstrating trust in biometric security. Barclays Bank participated close by Nuance Communications (US) in April 2020 to carry out a voice-biometric framework connected with regular language handling (NLP) to check clients via telephone.

The bank says that customer complaints about security have been decreased by 90%, and that average contact time has been lowered by 15%. HSBC has become the first bank to employ speech recognition for banking clients in February 2019. It has made a fundamental step toward the establishment of biometric banking.

Korean bank IBK also implements a biometric speech identification system that is dependent on speech recognition technology, allowing customer service centers to authenticate IDs in 15 seconds. Such advancements are likely to increase the need for speech analytics.

Key Takeaways from the Market Study

Global Speech and Voice Analytics Market is expected to reach a market size of US$ 2.2 Bn by 2022.
In terms of Component, the Solutions segment is expected to have the highest CAGR rate of 20.9% during the forecast period.
In terms of Deployment Mode, the Cloud segment is expected to have the highest CAGR rate of 19.9% during the forecast period.
United States is likely to remain the most dominant market with an absolute dollar growth opportunity of US$ 4.5 Bn during 2022 – 2032.
The market in U.S. is set to experience the highest CAGR of 21.6% during the forecast period.

“During the projected period, the rise of Solutions in terms of the component can become a key driver in raising the Speech and Voice Analytics Market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The Speech and Voice Analytics Market is highly concentrated, with only a few competitors accounting for the vast majority of the market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects. Some development in the Speech and Voice Analytics Market include:

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In August 2021, Avaya, a leading company in solutions to improve and enhance communications and collaboration, declared the acquisition of CTIntegrations, a U.S.-based specialist contact center system integration, and software development firm. CTIntegrations also announced to expand Avaya’s digital capabilities for its large contact center client base and enhanced the Avaya OneCloud AI-powered experience platform.
In December 2021, Genesys Telecommunications, a provider of customer experience management, announced that it has completed the takeover of Pointillist and Exceed.ai. Exceed.ai, renowned for its established intelligence lead activation and discussion processor, and Pointillist, known for its award-winning experience management platform, will fast-track how organizations communicate with consumers across the sales, marketing, and service lifecycle.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Speech and Voice Analytics Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Speech and Voice Analytics Market in terms of Components (Solutions (Speech Engine, Indexing and Query Tools, Reporting and Visualization Tools, Quality Management, Root Cause Analysis, Other Solutions (Emotion Detection and Workforce Optimization)), Services (Managed Services, Professional Services)), Application (Customer Experience Management, Call Monitoring and Summarization, Agent Performance Monitoring, Sales and Marketing Management, Risk and Compliance Management, Sentiment Analysis, Other Applications), Deployment Mode (On-premises, Cloud), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Vertical (Banking Finance Services and Insurance (BFSI), IT and Telecom, Media and Entertainment, Healthcare and Life Sciences, Retail and E-Commerce, Travel and Hospitality, Government and Defence, Other Verticals), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)).

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Market Segments Covered in Speech and Voice Analytics Market Analysis

By Component:

Solutions
- Speech Engine
- Indexing and Query Tools
- Reporting and Visualization Tools
- Quality Management
- Root Cause Analysis
- Other Solutions
Services
- Professional Services
- Managed Services

By Application:

Customer Experience Management
Call Monitoring and Summarization
Agent Performance Monitoring
Sales and Marketing Management
Risk and Compliance Management
Sentiment Analysis
Other Applications

By Deployment Mode:

On-premises
Cloud

By Organization Size:

Large enterprises
Small and Medium-sized Enterprises (SMEs)

By Vertical:

Banking Finance Services and Insurance (BFSI)
IT and Telecom
Media and Entertainment
Healthcare and Life Sciences
Retail and E-Commerce
Travel and Hospitality
Government and Defence
Other Verticals

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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.

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Global Dentures Industry Set for Dramatic Transformation, Reaching US$3.2 Billion by 2032 at a 6.7% CAGR By 2032 | FMI

The Global Dentures Industry is poised for a significant transformation, according to a recent analysis by Future Market Insights (FMI). The market, currently valued at US$1.7 billion (as of 2022), is projected to experience a robust Compound Annual Growth Rate (CAGR) of 6.7%. This impressive growth trajectory is expected to propel the industry to a staggering US$3.2 billion by 2032.

Complete Dentures Dominate Market Share

As of 2021, complete dentures reign supreme, capturing a commanding share of approximately 76.5% of the global dentures market. This dominance highlights the rising demand for comprehensive oral care solutions that address the needs of patients missing all their teeth in one or both jaws.

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For people with partial and edentate dentition, Dentures are a great treatment option. Dentures are medical devices that are custom-made and recommended by dentists and dental clinical specialists to replace oral soft and hard structures. In the UK, about one in five persons wear Dentures, and the prevalence of denture use rises with age, according to an Adult Dental Health Survey. Acrylic (polymethylmethacrylate [PMMA]), metal alloys (cobalt-chromium), and polymers can all be used to make denture bases.

Changing demographics indicate a rise in life expectancy as well as an increase in the number of elderly people. Age-related population growth has led to an increase in the number of older people who need Dentures. One of the most essential treatment choices in prosthodontics is complete Dentures.

Edentulism is a major public health issue around the world due to its high frequency (>10% in those aged 50 and up) and associated impairment. Simply put, edentulism is the absence of any natural teeth in the oral cavity. According to the World Health Organization (WHO) databanks, severe periodontal disease affects 5% to 20% of the global population. Complete edentulism is believed to occur between 7% and 69% of people worldwide.

The growing aging population needing Dentures, a changing healthcare structure, as well a growing focus on edentulism, are factors set to provide propulsion towards growth, to the overall Global Dentures Industry, over the forecasted years.

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Key Takeaways from the Global Dentures Industry Study

Acrylic for Dentures is the leading segment as material and holds approximately 39.4% market share in 2021. Partial and full Dentures frequently employ acrylic as their base material. Because Dentures require adjustments over time, the material’s ease of molding makes it an excellent choice for this application.
Complete denture, segmented by type, holds a market share of around 76.5% in 2021, as many individuals find complete Dentures to be tolerable in terms of functionality and appearance.
By usage, removable Dentures account for around 63.4% of the global market share in 2021, owing to the large volumes of adoption of partial removable Dentures, globally.
Dental clinics are the top end-users in the Global Dentures Industry, and this trend is anticipated to continue with a projected CAGR of 7.8% over the forecasted years. This is because dental clinics are the preferred location for treatment adoption in a medical environment.
North America is considered the leading region with a value share of 39.8% in 2021, owing to the presence of established dental care facilities in the region.

“Rapidly ageing population, growing adoption of CAD/CAM technology for dental prosthetics, and rising awareness on dental-facial aesthetics are factors propelling demand within the global Dentures industry,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Global Dentures Industry Competition

Through the adoption of 3D printing technology, as well as CAD/CAM methods, key players are adopting strategies, which will cater to the customized patient demand for Dentures and dental prosthetics. Moreover, with a fragmented market space, the Global Dentures Industry comprises several key and established players, as well as local and regional competitors.

Key developmental instances include:

A leading Silicon Valley-based digital manufacturing business, Carbon, and Dentsply Sirona announced a strategic collaboration to offer innovative denture materials for carbon digital 3D printing manufacturing solutions in January 2019.
Ivoclar Vivadent established a whole processing chain for the digital fabrication of removable Dentures in August 2020 with the Ivotion Denture System. The system’s core component is the outstanding CAD/CAM disc Ivotion, which enables the production of distinct monolithic prostheses in a single milling operation.

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Key Segments Covered in Global Dentures Industry Research

By Material:

Acrylic
Metal
Others

By Type:

Complete
Partial

By Usage:

Removable
Fixed

By End User:

Dental Clinics
Hospitals
Dental Group Practices

Author

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Building-Integrated Photovoltaics Market Surges with 21% CAGR, Projected to Reach US$ 134.31 Billion by 2032

The building-integrated photovoltaics market is anticipated to expand at a 21% value CAGR between 2022 and 2032. This market is predicted to have grown significantly from its projected $16.5 billion global market size in 2021 to a total of $134.31 billion by 2032.

Integrated with structure Since PV (photovoltaic) capacity is increasing quickly in many countries and demand for renewable energy is rising, the photovoltaics industry is predicted to grow dramatically.

Among the countries that have voluntarily accepted the Kyoto Protocol, a plan to reduce greenhouse gas emissions, are Italy, Germany, France, the United States, China, Japan, and India. Important contributing factors include self-sufficiency, improved public understanding of energy security, and sound public policy.

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Key Takeaways from the Market Study

In 2021, the market was estimated to have a global valuation of US$ 16.5 Billion.
In 2022, the market is estimated to have a global market size of US$ 19.97 Billion
The building-integrated photovoltaics market in Europe occupied a market share of 37.68% in 2021.
The crystalline silicon segment took over 72% of the global building-integrated photovoltaics market share.
Nearly 62% of building-integrated photovoltaics sales to be for roof applications
As of 2021, the industrial segment accounted for 40.5% of the global market.

“With strict regulations towards the green building movement and the increasing demand from eco-conscious consumers, the demand for Building-integrated Photovoltaics is increasing globally at a rapid pace. This is also being supported by various government regulations to promote the use for enhanced sustainability and better energy efficiency. New technological development in this field is sure to open up new avenues for the manufacturers in the future,”

Competitive Landscape

As a way to gain more market penetration and meet the changing needs of architects and construction contractors, Building-integrated Photovoltaics manufacturers have developed multiple joint ventures, partnerships, agreements, and collaborations.

In October 2021, Meyer Burger, a Swiss manufacturer of PV modules, began offering BIPV systems. Meyer Burger will offer rooftop solar power systems.

In 2021, Onyx Solar, a Spanish producer of BIPV solar systems, installed approximately 3,250 crystalline solar modules on the facade of Sterling Bank’s Nigerian headquarters.
In September 2021, China Southeast Space Frame Group (SSFG) and First PV formed a joint venture to install 950 MW of solar PV in China over the next five years.

Key Players

SolarWindow Technologies, Inc.
Hanergy Mobile
AGC Inc.
Energy Holding Group Limited
The Solaria Corporation
Carmanah Technologies Corp.
Heliatek GmbH,
Greatcell
BELECTRIC
Tesla
ertex solartechnik GmbH

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Key Segments Covered In The Building-Integrated Photovoltaics Market Report

Building-integrated Photovoltaics Market by Technology:

Thin Film Building-integrated Photovoltaics
Crystalline Silicon Building-integrated Photovoltaics
Other Building-integrated Photovoltaics Technology

Building-integrated Photovoltaics Market by Application Type:

Building-integrated Photovoltaics for Roofs
Building-integrated Photovoltaics for Walls
Building-integrated Photovoltaics for Façades
Building-integrated Photovoltaics for Glass
Building-integrated Photovoltaics for Other Applications

Building-integrated Photovoltaics Market by End-User:

Industrial Building-integrated Photovoltaics
Residential Building-integrated Photovoltaics
Commercial Building-integrated Photovoltaics

Building-integrated Photovoltaics Market by Region:

North American Building-integrated Photovoltaics Market
Europe Building-integrated Photovoltaics Market
Asia Pacific Building-integrated Photovoltaics Market
Middle East & African Building-integrated Photovoltaics Market
Latin America Building-integrated Photovoltaics Market

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Future Market Insights (FMI), an ESCOMAR certified market research and consulting firm, has published an in-depth report on the Building-Integrated Photovoltaics (BIPV) Market. The report predicts a promising future for the BIPV market, with a surge in global revenue in the coming years. It explores the top regions contributing to market growth, key players and their market share, driving factors, and challenges faced by the industry. The study emphasizes the significant role of BIPV in sustainable energy solutions and highlights opportunities for businesses seeking to invest in this dynamic sector.

Author:

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