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The aqua feed additives market is estimated to surpass US$ 1.6 billion in 2022, and is predicted to reach US$ 2.7 billion by 2032, with a CAGR of 5.5 percent from 2022 to 2032. Some of the key factors driving the rise of the aqua feed additives market share are growing worries about receiving the right vitamin and mineral additives for aquatic animals.

As individuals become more aware of premixes, the demand for aqua feed additives has increased. As a result of the increased demand for mineral-rich aqua feed additives, companies are seeing an increase in sales of aqua feed additives.

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Increased understanding of bioavailability in these compounds is another important driver of the aqua feed additives market size. As a result, aquafeed additives manufacturers are increasing production of direct mineral supplements to suit end-user demand.

The trade of fish and aquaculture products plays a significant role in expanding fish consumption and building a global market for aqua feed additives by connecting various worldwide suppliers and manufacturers.

As adaptive pathogens can be infected by a variety of stress factors, including poor nutritional status, sales of aqua feed additive are on the rise.

Antibiotics are also used to treat diseases such as red pest disease, which drives up demand for aqua feed additives around the world.

The growing demand for high-protein diets is presenting excellent growth opportunities for the aqua feed additives market, particularly in emerging economies like Brazil, India, and China, where per capita income is rapidly rising, resulting in increased sales of aqua feed additives.

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Key Takeaways from the Aqua Feed Additives Market Study:

• The US is estimated to account for more than 60% of the North American market in 2022, due to the rising in seafood consumption.

• The aqua feed additives market in the United States is predicted to grow at a CAGR of 2.6 percent from 2016 to 2032, reaching a market size of US$ 0.1 billion.
• Due to a considerable availability of raw materials and the presence of large-scale companies, Egypt has a strong demand for aqua feed additives.
• According to FMI, the aqua feed additives market in India is worth US$ 1.4 billion and is predicted to grow at a CAGR of 7.2 percent through 2032.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.”- Lead Analyst at FMI.

Competition Landscape of Aqua Feed Additives Market

Key players operating in the global aqua feed additives market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies in aqua feed additives market are Cargill, Inc., NK Ingredients Pte. Ltd., Beneo GmbH, Dibaq A.S., Nutreco N.V., Evonik Industries, Biomar A/S, Growel Feeds, Coppens International B.V., Aker Biomarine and others.

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Recent Developments in Aqua Feed Additives Market:

• ADM purchased Neovia (formerly known as InVivo NSA) (France) in January 2019 for USD 1.82 billion (Euro 1.54 billion). This acquisition would give ADM a strong foundation on which to build future expansion.
• In November 2018, Cargill invested USD 70 million in Thailand to provide new technologies to the country’s aquaculture and poultry industries.
• In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired company’s global brand, Trouw Nutrition, would be used to market the acquired company.

Get Valuable Insights into Aqua feed additives Market 

FMI, in its new offering, provides an unbiased analysis of aqua feed additives presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

The study divulges compelling insights on the demand for aqua feed additives based on additives type (amino acids, vitamins, minerals, antibiotics, acidifiers, binders, antioxidants, prebiotics, palatants, and others), by species type (crustaceans, catfish, salmonids, carp, tilapia, mollusks, and mullet), by ingredient (corn, soybean, fish oil, peas, sunflower seed, others) across five major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About FMI

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

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The global allura red AC market is set to witness growth at a CAGR of 6.01% to reach a market valuation of USD 245 Million by 2032.

The demand for food colourants in the food and beverage industry is driving the global allura red AC market. The global allura red AC market is growing because of the rising demand for ice creams, sausages, candies, cold drinks, dairy goods, sugar confectionery, bakery items, flour confectionery, frozen products, and gelatine desserts, among other things.

Additionally, the sales of allura red AC are growing due to decreasing synthetic colour prices. Further, the accessibility with which raw materials may be obtained is a boon to the overall expansion of the allura red AC industry.

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The allura red AC market is dominated by the US and China, who together contribute to more than 35% of the market. As per the allura red AC market analysis, an increase in disposable income in regions such as the Asia Pacific, the Middle East, Latin America, and Africa has made it easier for customers to consume more ready-to-eat packaged food products propelling the usage of red food colorants.

The allura red AC market around the world is impelled by the highly growing demand for unique-looking food dishes, innovative altering tastes, and food appeal preferences. This trend has been pushed further due to the advent of social media engagement among the populations worldwide.

Stringent regulation, competition from natural food colorants, and misperceptions about allura red AC among consumers remain a key restraints to the allura red AC market.

In terms of the adoption of allura red AC products, China has the largest proportion of the global market. In the APEJ region, the allura red AC market is predicted to rise at a significant rate.

In European nations such as Denmark, Belgium, France, and Switzerland, the adoption of allura red AC is prohibited. The FDA has approved allura red AC for use in cosmetics, medicines, and food in the United States. Because of the scarcity of raw materials in MEA, the global adoption of allura red AC food colourants is lower than in other parts of the world.

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Key Takeaways from Market Study

• Allura red AC dyes exhibited a sale of about 18,000 metric tons in 2021 and the market assessment suggests that the demand for allura red AC colorants sector is expected to be at approximately 34,000 metric tons by 2032.
• In Europe, the Middle East, Africa, and India which is profiled as the EMEAI region, the demand for allura red AC food colors is expected to grow at 5.7% CAGR between 2022 and 2032.
• The North American allura red AC market is expected to register a 5.2% CAGR between the assessment period of 2022 and 2032. This is lower than the average food colors industry because of the rising inclination in the region towards natural food colors.
• The carbonated drinks, breakfast cereals, compound coatings, fruit fillings, and alcoholic drinks sub-are the leading food and beverage applications in the allura red AC market.
• The Seasonings industry for allura red AC consumptions has been ballooning in the recent past and there has been good traction from this industry for synthetic food colors. The seasonings’ consumption of allura red AC is expected to register a CAGR of 6.3%.

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“Companies dealing in Allura Red AC food colorants would gain significantly by targeting the subsegments like soups, sauces, and seasonings. Synthetic food colours are still the go-to choices for newer food processing units due to their affordability and accessibility. Exploring developing economies and establishing strategic alliances with global food and beverage brands would immensely help Allura Red AC food colorant brands,” says a Future Market Insights analyst.

Competitive Landscape

Allura red AC companies have been modifying the product to attract end-user industries and consumers. It is primarily available in granulated red, brown powder form but is also converted into an aluminum lake. Manufacturers are consistently looking to diversify allura red AC into various other convenient forms like gel and pastes.

Allura red AC manufacturers are also diversifying towards various other food industry applications like pet foods and edible cosmetics by the means of acquisition and collaboration.

Frequently Asked Questions

• How big is the Allura Red AC Food Colorant Market?
• How Much Does Pet food Industry Contribute to Allura Red AC Market?
• What is the Chinese Allura Red AC Market Outlook?
• At what rate will the market grow in Japan?

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The food grade lubricants market is projected to record a CAGR of 6% from 2022 to 2032. Lubricants are in use in industries since the period of mechanization. Historically it has been obtained from mineral-based lubricants. But in recent times there has been an emerging trend of using food grade lubricants in food and beverage industries as well as food grade lubricants for pharmaceuticals.

Sometimes, these lubricants can be employed to prevent and reduce electrical resistivity while increasing thermal conductivity. Food grade lubricants find their application mostly in the food and beverage and pharmaceutical industries since they do not pose any physiological threat or affect the odour and taste of finished products from these companies.

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Manufacturers have adapted the new normal of ‘take-away’ food and groceries to maintain their financial revenue in the crucial times. With the relaxation in lockdown, the food and beverages industry is expected to witness a moderate growth through 2021 and beyond.

FMI provides a detailed chapter on the impact of Covid-19 on the global Food Grade Lubricants market. This allows the established and emerging economies to understand the economic market scenario during the pandemic and benefits them in making profound business decisions through the cost-effective solutions.

Important Questions Answered in the Food Grade Lubricants Market Report

• Which end user is expected to create lucrative growth opportunities for the global Food Grade Lubricants market?
• How is the Food Grade Lubricants market likely to evolve in the upcoming years?
• What are the upcoming trends and opportunities likely to prevail the Food Grade Lubricants market in the future?
• What innovative strategies are adopted by Food Grade Lubricants market players to stay ahead of the pack?
• Which region is expected to be the most lucrative region for the Food Grade Lubricants market?
• What are the restraints affecting the growth of the global Food Grade Lubricants market?

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Food Grade Lubricants Market: Segmentation

Detailed analysis covered in the FMI’s Food Grade Lubricants market report has been classified into key segments and sub-segments.

The global food grade lubricants market can be segmented on the following basis:

Base Oil

• H1 lubricants
• H2 lubricants
• 3H lubricants (releasing agents)
• H3 lubricants (soluble oils)
• Others

Application

• Food: Bakery
• Sugar
• Dairy
• Meat, poultry and sea food
• Others (animal feed, breakfast food, and confectionery food)
• Beverage
• Pharmaceuticals & cosmetics
• Others (packaging, food grade blending, and food machinery manufacturing)

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Food Grade Lubricants Market: Competitive Analysis

The latest study by FMI presents a detailed view on the market players operating in the Food Grade Lubricants market. With an in-depth analysis on positioning of prominent players as well the players emerging in the industry, the FMI offers a detailed SWOT analysis for the market players over the forecast period.

• ITW ROCOL
• Bel-Ray Company LLC
• Lubriplate Lubricants Company
• Schaeffer Manufacturing Co.
• Suncor Energy Inc.

Significant Contributions to the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The global cocoa powder market was valued at US$ 2.56 Bn in the year 2020 and is expected to witness a CAGR of 2.9% between 2022 and 2032.

Cocoa powder comes across as a mixture that remains post-extraction of the cocoa butter from cacao beans. This powder, these days, is an indispensable ingredient in chocolate confectioneries, syrup, and chocolates. Cocoa powder is being increasingly used in the form of a coloring agent with demand for better flavor, color, and texture. This factor is expected to accelerate the cocoa powder market in the forecast period.

Cocoa powder contains various flavonoids and minerals. Moreover, it’s one of the topical crops keeping the cash registers ringing in the forecast period. The dietary lifestyle and foodservice operations are more into adoption of cocoa powder.

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The pharmaceutical vertical is opting for cocoa powder due to widening scope of growth. The minerals contained with cocoa powder include potassium, phosphorus, zinc, sodium, calcium, magnesium, and copper. It serves the heart well as it helps in preventing stroke, exercising control over blood pressure, and lowering of bad cholesterol. These factors are expected to help the cocoa powder market grow on an unstoppable note in the forecast period.

It also needs to be noted that raw cocoa is not all that easily available across the entire supply chain. Though sustainable cultivation of cocoa is on the rise, efforts are being put to accord uniformity all through.

Double-Dutch cocoa blend, Bendorp Dutch-Process cocoa, triple cocoa blend, natural cocoa, and cocoa Rouge are the types of cocoa being cultivated in the present scenario. Out of these, Double-Dutch cocoa powder holds more than 20% of the overall market share and is slated to expand at a rate of 3% in the forecast period.

Though conventional grocery stores have been the epicentre of distribution channels for cocoa powder market, online stores are expected to be the future of cocoa powder market, especially in the post-Covid era. Also, the fact that excessive consumption of cocoa could mean excessive intake of cadmium, which could cause health hazards. This goes to show that too much of cocoa would result in adverse effects. Future Market Insights has delved deep into the nitty-gritties along with subsequent actions to be taken in its latest market study entitled ‘Cocoa Powder Market’. It has its team of experts in the form of analysts and consultants to execute it, with both – macros and micros in place.

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Key Takeaways from Cocoa Powder Market

• North America holds a significant market share. However, the fact that cocoa powder may contain cadmium may prompt the other states (like California) to put a cap on maximum permissive level.
• The European Union already has plans of imposing limit pertaining to cadmium in the cocoa powder (0.6 µg/gram).
• The Asia-Pacific is expected to witness growth at the fastest pace in the cocoa powder market with millennials preferring cocoa-based products.

Competitive Analytics

• Cocoa powder made by Nestle and Hershey’s are dominating the market and the scenario is expected to persist even in the forecast period.
• Barry Callebaut has its highly Dutched, black cocoa powder, which has undergone Cocoa Horizons Program, Fairtrade, Rainforest Alliance, and UTZ.
• Gerkens, in February 2019, came up with CT70 – a novel formula coming with new-fangled taste and aroma. It’s feasible for bakery vertical.

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“With cocoa being looked upon as the one generating sizable revenue, the cocoa powder market is bound to go great guns in the forecast period”, says an analyst from Future Market Insights.

How about the Central Idea of the Cocoa Powder Market?

• The research study is based on type (Dutch processed, natural cocoa powder, and likewise), by sales channel (direct sales and indirect sales), and by end-use (commercial, household, industrial, and likewise).
• Organic cocoa powder is expected to do the rounds in the forecast period.

Key Segments

By Type

• Dutch processed
• Natural cocoa powder
• Others

By Sales Channel

• Direct Sales
• Indirect Sales

By End Use

• Commercial
• Household
• Industrial
• Others

By Region

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

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The functional beverages market is projected to record a CAGR of 6% from 2022 to 2032. Functional beverages are carefully crafted, RTD products distributed in varied flavours. Many manufacturers use packaging and labelling for advertising ingredients and nutritional value by marketing their products as healthy, vegan, or plant-based.

Functional beverages are increasingly becoming an essential part of diet, especially among health-conscious consumers. Consumers are strictly following various diets including, vegan, and keto. Their inclination towards maintaining good health despite living a hectic lifestyle is making ready-to-drink (RTD) beverages a popular choice. The global functional beverages or functional wellness drinks market will exhibit an impressive CAGR over the coming years.

Going forward, millennial consumers are showing great preference for convenience food and beverages that promise umpteen nutrition profile. Moreover, the trend of gyms and fitness training is flourishing – from accessories, and diets, to training services. Manufacturers are leveraging these trends by innovating their product offerings, for instance, vegan and plant-based beverages. Moreover, nootropic drinks are also gaining prominence among the health-conscious consumers. Such innovations will transform the global functional beverage market in the near future.

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North America continues to lead the pack in the global functional beverages market. Growing awareness of nutrition-focused diets, especially among millennial, is significantly contributing to regional market growth. Consumers in the US and Canada are strictly following health-conscious diets, which include functional beverages.

Moreover, prevalence of e-Commerce platforms in the APAC is attracting huge stakeholders’ attention. Booming digitization, coupled with the convenience of e-Commerce platforms in developing countries such as India is offering a conducive ground for functional beverage manufacturers.

How is the Competitive Landscape in the Functional Beverages Market?

The functional beverages market is highly fragmented with the presence of many small- and medium-sized enterprises (SME). Players are striving to gain competitive edge by developing functional beverages with varied nutritional value. Hence, significant players in the market are investing heavily in R&D, and mergers & acquisitions (M&A).

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In the recent past, the function food & beverage market has seen many new entrants. The proliferation of niche brands backed by intensive digital marketing is successfully paving way for new product categories, thus stiffening the market competition.

Functional beverage manufacturers are striving to avoid such lawsuits as well as, enhancing their product transparency. Leading manufacturers are employing dedicated teams to strategize law-abiding marketing plans that ensure proper representation of functional beverage products.
Further regulatory approvals for unique ingredients, packaging & labelling laws issued by statutory authorities such as the US Food & Drug Administration (FDA) are working in favour of functional beverages market.

Companies that understand consumers’ preference in different regions will fare well in marketplace. For instance, “energy shots”, small quantities of nutritious drinks are prevalent in Japan, whereas, in India and China, large value packs attract more customers. As such, product innovation, and evolving consumer patterns will influence the growth strategies of market players.

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Key Segments
By Ingredient Type
Antioxidants
Minerals
Amino acids
Probiotics
Prebiotics
Vitamins
Super-Fruit extracts
Botanical Flavors

By Product Type
Energy drinks
Sports drinks
Nutraceutical drinks
Dairy-based beverages
Juices
Enhanced Water
Others

By Distribution Channel
Supermarkets
Hypermarkets
Health Stores
Online Retails
Departmental Stores
Convenience stores
Others

By Region
North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan
Japan
Middle East and Africa (MEA)

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The market for bergamot extract worldwide is anticipated to be US$ 99.97 million in 2022 and to increase at a CAGR of 4.14% to US$ 150 million between 2022 and 2032. Growth is attributed to expansion in residential and commercial construction as well as the increasing demand for renovation projects.

Bergamot extract helps to maintain the normal cholesterol levels and aids blood glucose metabolism. Bergamot extract has antimicrobial properties and therefore has application in the pharmaceutical industry.

It has a subtle and fresh flavor and is therefore used as a flavoring ingredient in baked products, ice-creams, etc. It also has applications in industries such as dietary supplement, beverage, nutraceutical, cosmetic, etc.

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Increase in Sales of Dietary Supplement Likely to Enable the Growth of Bergamot Extract Market
The increase in health and fitness trends amongst the consumers may serve as one of the drivers for the increase in the market of bergamot extract. The demand for dietary supplements is increasing at a very rapid rate. More than 70% of American adults take at least one type of dietary supplement. Also, consumers prefer the use of plant-based products as there might be some side-effects due to the use of animal-based products and therefore bergamot extract can be used by the manufacturers of dietary supplement industry to develop plant-based supplements.

Statins are the drugs that are used to maintain cholesterol levels but statin is not suitable for all consumers as some might have side-effects and develop statin intolerance. Bergamot extract has “statin-like” mode of action which helps to regulate the cholesterol levels and therefore can be used by the pharmaceutical industry to develop new drugs that can be used by the consumers that have developed statin-intolerance.

Therefore, the use of bergamot extract to develop pharmaceutical drugs might help increase its demand.In recent years, due to an increase in health awareness among the consumers, they prefer not only health food but are switching towards the use of health food ingredients and therefore the trend for clean-label food products is increasing. More than 80% of the consumers understand the connection between nutrition and health and therefore prefer the use of food products that contain healthy ingredients.

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Therefore the manufacturers of the food and beverage industry can use bergamot extract as a food ingredient, as it has antioxidant, antimicrobial and anti-inflammatory properties which provide various health benefits such as regulates cholesterol levels, supports cardiovascular health, etc. Bergamot extract can be used for preparing a variety of food products such as cakes, cookies, jelly, etc. Bergamot extract has a wide range of applications and is aligned with the current consumer trends and therefore the market for bergamot extract might increase.

The presence of similar products might serve as a major restraint for the bergamot extract market. There are many companies that are keeping track of the current market trends and are trying to develop plant-based products that have high nutritive value and therefore the high competition in the market can affect the growth of bergamot extract market.

Global Bergamot Extract: Key Market Participants

The key market players are H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe, Nutraceuticals International Group, etc., among others.

Global Bergamot Extract: Key Developments

In 2013, Principium & Nutraceuticals International launched a new product named SelectSIEVE Bergamot which is standardized with polyphenols and has the mode of action similar to the statins. The product contains standardized glycosylated polyphenols that are obtained from Bergamot.

Opportunities for Bergamot Extract Participants:

The development of eco-friendly and cost-effective extraction process might enable the increase in the production of bergamot extract and therefore might be lucrative for use as an ingredient in various industries. The educational marketing might also help in increasing the bergamot extract market.

Brief Approach to Research

The analysis will be done a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed Bergamot Extract understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Bergamot Extract sizes.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the Bergamot Extract, including background and evolution
• Macroeconomic factors affecting the Bergamot Extract and its potential
• Market dynamics, such as drivers, challenges and trends
• Detailed value chain analysis of the Bergamot Extract
• Cost structure of the products and segments covered in the study
• In-depth pricing analysis, by key segments, regions and by major market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
• Analysis of the Bergamot Extract structure, including a tier-wise categorization o key market participant
• Competitive landscape of the Bergamot Extract, including detailed profiles of the top players in this market

Global Bergamot Extract: Segmentation:

The market for Bergamot Extract can be segmented on the basis of nature:

• Organic
• Conventional

The market for Bergamot Extract can be segmented on the basis of end-use:

• Food and Beverage
• Perfumery
• Nutraceutical
• Dietary Supplements
• Others (e.g. Pharmaceutical, etc.)

Report Highlights:

• Detailed overview of parent market
• Changing Bergamot Extract dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Bergamot Extract performance
• Must-have information for market players to sustain and enhance their market footprint

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The electronic lab notebook (ELN) market income added up to ~US$ 421.0 Million in 2021. The electronic lab notebook (ELN) market is projected to arrive at ~US$ 1,180.3 Million by 2029, developing at a CAGR of 13.9% from 2022 to 2029.

A new Future Market Insights (FMI) concentrate on tracks how the reception of electronic lab notebook (ELN) programming is getting down to business in the worldwide market. Set to observe a twofold digit CAGR throughout the following ten years, the worldwide ELN programming market will outperform a billion-dollar incomes by 2029 end.

Expanding interest for laboratory data the board frameworks (LIMS), chromatography information frameworks (CDS), logical instrumentation, and logical information the executives frameworks (SDMS) will set out potential development open doors for the electronic lab notebook (ELN) programming suppliers.

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Other key development powerhouses related with market incorporate basic requirement for decreasing information audit and process durations, data catching and reuse, staying away from rehashes, and reexamination in the existence sciences industry application.

Key Takeaways – Electronic Lab Notebook (ELN) Software Market Study

• Increasing outsourcing of manufacturing and R&D activities by pharmaceutical companies from other regions such as North America and Europe are resulting in high demand for ELN for efficient laboratory data management and regulatory compliance.
• Emerging cloud-based technology provides web and cloud-based solutions for various factors such as cost-effectiveness, real-time analytics, easy access to data, integration with other systems & software, sharing of data internally and externally, scalability and flexibility.
• Software solution based segment electronic lab notebook (ELN) software market is expected to generate an incremental opportunity of ~US$ 611 Mn during the forecast period.

Product Innovation Key to Enhance Remote Sensing Technology

Key vendors are focusing on adoption of electronic lab notebook (ELN) software for conducting research in the life sciences industry under various domains such as pharmaceuticals, chemicals and others and follow a practice of recording daily activities.

• For instance, Scilligence Corporation offers electronic lab notebook (ELN) software for training graduate and undergraduate students in industrial standards and processes. It also allows students to run ELN in their own devices (computers, iPad, Android tablet, etc.), without any software installation.
• For instance, Arxspan LLC. offers ArxLab electronic lab notebook (ELN) software preconfigured for biology application. It consists of a cloud-based architecture and helps to streamline workflows, protect sensitive IP (Intellectual Property), increase productivity and is compliant to standard regulations.

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Competitive Landscape

Many key players are inclined at investing heavily in lab automation technology research and development practices to uncover increased applications of electronic lab notebooks. With the use of technology, vendors are also focusing on lowering the cost of electronic lab notebook, and customer satisfaction for captivating an increased customer base.

• For instance, in November 2019, Thermo Fisher Scientific introduced latest forensic laboratory qualified capillary electrophoresis platform. The platform is designed for both new and experienced users who need a simple instrumentation experience for forensic analysis.

Learn More About Report Inclusions

In this report, the global electronic lab notebook (ELN) software market is tracked in terms of value, and is calibrated to obtain the market revenue estimates. The report is categorically split into six major sections, namely market analysis by solution such as software (laboratory information management system (LIMS) platform and electronic lab notebook (ELN) software) and services (Validation services, consulting services, implementation and integration services, support and maintenance, training).

By license (proprietary ELN, open source ELN), by deployment (cloud and on-premises), by enterprise size (small & medium and large), by pricing model such as subscription model (monthly subscription & annual subscription) and one time license, and industry (healthcare and life sciences, energy, food & beverages, academic & scientific research, petrochemicals, mining and metals, others), across seven major regions.

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Electronic Lab Notebook (ELN) Market Outlook by Category

By Solution:

• Electronic Lab Notebook (ELN) Software
  • Laboratory Information Management
  • System Platform
  • Electronic Lab Notebook  Software
• Electronic Lab Notebook (ELN) Services
  • Validation Services
  • Consulting Services
  • Implementation & Integration Service
  • Support & Maintenance
  • Training

By Deployment :

• Cloud
• On-Premises

By Enterprise Size:

• Small & Medium Enterprises
• Large Enterprises

By Industry :

• Healthcare & Life Sciences
• Energy
• Food & Beverages
• Academic & Scientific Research
• Petrochemicals
• Mining & Metals
• Others

By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa (MEA)
• GCC Countries
• Emerging Countries

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The global anatomic pathology market forecast is set to reach US$ 61.1 Mn in revenues by 2030, according to a new market study by ESOMAR-certified market research firm, Future Market Insights (FMI).

The anatomic pathology market is subject to integrating medical informatics standards to meet specific healthcare requirements by curtailing costs and improvising on efficiency.

Pathology laboratories are on the verge of refurbishment as new-fangled disease diagnostic models are making a beeline therein.

As of now, lymphoma, breast cancer, colorectal cancer, prostate cancer, cervical cancer, and lung cancer are a part of anatomic pathology.

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Key Takeaways

• The instruments are subject to technological advancements, which would minimize errors. This factor is expected to drive the anatomic pathology market between 2022 and 2030
• Consumables are expected to hold the largest market share due to low cost, high availability, and good purchase rate of probes and reagents
• Academic research is bound to pick up pace in the forecast period owing to growing implementation of anatomic pathology in biomarker profiling and tumor examination
• Preference to personalized therapies is prompting putative biomarkers being discovered. This factor is expected to be one of the key growth drivers

Key Participant Insights

The key market players are focusing on technological upgradations and expansion strategies to keep themselves fiercely competitive.

For instance –

• In Jul 2020, Bio SB tabled its Fast Mohs PolyDetector Plus Detection System, which comes across as a super sensitive nonbiotin monovalent Fab micropolymer immunohistochemistry system to detect IVD antibodies for squamous cell carcinoma, basal cell carcinoma, and melanoma.
• In Jan 2019, Quest Diagnostics announced completion of acquisition of the US laboratory services business that belonged to Oxford Immunotec (the T-Spot and Accutix tick-borne disease testing services, since then, are part of Quest’s infectious disease testing services.
• In 2018, Leica Microsystems entered into a collaboration with Thermo Fisher to develop an integrated cryotomography workflow with regards to research.

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The other players in the veterinary imaging market include

• Laboratory Corporation of America Holdings
• Sakura Finetek USA, Inc.
• F.Hoffmann-La Roche AG
• Cardinal Health, Inc.
• BioGenex
• NeoGenomics
• Agilent Technologies

The US continues to be one of the leading markets for anatomic pathology market globally. Strong presence of some of the leading players, combined with relatively easier funding for R&D will drive the US anatomic pathology market during the assessment period.

The Europe anatomic pathology market is also likely to grow at a brisk pace during the assessment period. The growth will remain concentrated in Western Europe, as has been the case traditionally.

Asia Pacific represents a high growth market for anatomic pathology stakeholders. Many countries in the region are renewing their focus on healthcare, as the current Covid-19 crisis has reinforced the necessity of a robust healthcare system.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global anatomic pathology market is segmented in detail to cover every aspect and present a complete market intelligence approach to the reader.

The study provides compelling insights on anatomic pathology market on the basis of product & services type (Instruments (Microtomes & Cryostat, Tissue processors, Automatic Stainers, and Other products), consumables (Reagents & Antibodies, Probes & Kits, and Others), application (Disease Diagnosis, Drug Discovery and Development, and Others), and services (histopathology, cytopathology)) across seven geographies.

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Key Segments of Anatomic Pathology Industry Survey

Anatomic Pathology Market by Product & Service:

• Anatomic Pathology Instruments
• Anatomic Pathology Consumables
• Anatomic Pathology Services

Anatomic Pathology Market by Application:

• Disease Diagnosis
• Drug Discovery and Development
• Others

Anatomic Pathology Market by End User:

• Hospitals
• Research Laboratories
• Diagnostic Laboratories
• Others

About FMI:

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

Contact Us:

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