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The global automotive NFC market is anticipated to create an absolute dollar opportunity over the forecast period by displaying a CAGR of 30.2% from 2022 to 2032. The global market was valued at US$ 3.26 Billion in 2022 and is estimated to reach US$ 35 Billion by 2032. According to the historic analysis, the global automotive NFC market registered a valuation of US$ 2.5 Billion in 2021.

The continuously changing world and the technological enhancement in the field of communication becoming more connected thereby creating the need to boosting the technology in an automobile at a faster pace- automotive radar, NFC (Near Field Communication), cellular connectivity, and wireless power are now integrated into the mid and high-end automobile. Automobile is no longer just a means of transportation but has been embedded with various communication interfaces and devices.

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Automotive NFC (Near Field Communication) is basically a short range bidirectional communication technology which allows interaction distance of few centimeters at a specified data transfer rate. Automotive NFC is a set of communication practice that allows two electronic equipment, among which is usually one is a portable device such as a smartphone, to establish communication by bringing them within the short distance of other which is fixed to the part. A subset of NFC, RFID appears to expand beyond mobile phones to automobile applications. This can be seen as a differentiating factor for many new in-car functions for the customers and also can simplify the existing in-car functions. Near-field communication stack for an automobile is a runtime software which implements the NFC protocol stack.

Nio ES7 introduced another electric Vehicle in June 2022 along with the introduction of ES7. Smart keys and cards as well as other alternative vehicle access ways, such as NFC, are supported by the vehicle. During the forecast period, these efforts are anticipated to help the market.

Key Takeaways

• The market for automotive NFC is expected to grow exceptionally in the upcoming years as a result of the increasing adoption of the Internet of Things (IoT), facial recognition, machine learning, big data, and other technologies for updating the specifics of the automotive industry.
• The market size is expected to increase as a result of the incorporation of contemporary technologies into cars. By providing the business with opportunities for growth, this is made possible. The quantity of Electronic Control Units (ECUs) per vehicle has increased as a result of such market leaders’ initiatives.
• Calculations indicate that there are currently about 70 ECUs incorporated into advanced vehicles, and that number is projected to rise to 500 in the near future, surpassing that of a rocket or space shuttle.
• The widespread brand development in developing nations has long been recognized as a significant window of opportunity for market expansion. The French automaker revealed in June 2022 that the C3, its first mass-market vehicle, would go on sale in India on July 20, 2022. The car has a 10-inch touchscreen infotainment system with Android Auto and Apple CarPlay as standard equipment, as well as a digital driver’s monitor. During the forecast period, it is anticipated that such efforts will have a favourable effect on NFC demand. strengthening the market for vehicle NFC as a result.

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Competitive Landscape

Prominent players in the global automotive NFC market are focusing on introducing new platforms in order to accelerate their introduction of digital car keys. This offers consumers keyless access through their mobile devices. Such supportive factors are expected to benefit the industry’s growth in the coming years.

Key Companies Profiled

Sony Corporation, NXP Semiconductors N.V., Broadcom Inc., Samsung Electronics Co. Ltd., STMicroelectronics N.V., Panasonic Corporation, Alpine Electronics Inc., Avery Dennison, PREMO S.A.

Key Segments Profiled in the Global Automotive NFC Market Report

Automotive NFC Market by Type:

• 106 Kbit/S Automotive NFC
• 212 Kbit/S Automotive NFC
• 424 Kbit/S Automotive NFC

Automotive NFC Market by Vehicle Type:

• Automotive NFC for Passenger Cars
• Compact
• Mid-Size
• Premium
• Luxury
• SUV
• Automotive NFC for Light Commercial Vehicles (LCV)
• Automotive NFC for Heavy Commercial Vehicles (HCV)

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Automotive NFC Market by Application:

• On Board Automotive NFC Units
• Automotive NFC for Car Keys
• Automotive NFC for Other Applications

Automotive NFC Market by Sales Channel:

• Automotive NFC Sales via Aftermarket
• Automotive NFC Sales via OEMs

Automotive NFC Market by Region:

• North America Automotive NFC Market
• Latin America Automotive NFC Market
• Europe Automotive NFC Market
• Asia Pacific Automotive NFC Market
• Middle East & Africa Automotive NFC Market

More Insights into the Automotive NFC Market

The European region is anticipated to dominate the global NFC market over the projection period. The growth of this market is attributed to the presence of key OEMs in the region along with the massive production of vehicles in the region. Furthermore, the presence of high-tech infotainment systems in Europe like Robert Bosch GmbH is anticipated to drive the regional market in the forecast period.

According to the analysis, the Asia Pacific (APAC) region is expected to showcase promising growth opportunities over the assessment period. The growth in the APAC region is attributed to the presence of developing nations that have various untapped markets. Besides, the surging disposable income owing to the rapid economic development along with the ongoing development in the automobile sector is expected to widen the market size in the coming time.

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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.

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During the forecast period 2022 to 2032, the two wheeler accessories aftermarket share is expected to grow at a value of 8.6% CAGR, according to Future Market Insights. By the year 2032, the global market for two wheeler accessories is expected to rise up to a market valuation of US$ 41.07 Billion.

It’s difficult to imagine life without motorbikes these days, and nearly every household owns at least one. The increased interest in motorcycles and motorbikes has surely created a safe haven for the car sector while also benefiting the two wheeler accessories aftermarket. Since simply owning a bike isn’t enough; they require flawless administration, including the removal of faulty parts, interest in bike frills has developed.

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The semi-urban population’s preference for automobiles and technology has altered as their purchasing power has expanded. As a result, there are now more two-wheelers than ever in rural and semi-urban regions of both developed and developing countries. In the next few years, the global market for two-wheeler accessories is predicted to grow steadily. During the projection period, this will have a direct beneficial influence on the worldwide two-wheeler accessories aftermarket.

The availability of two-wheeler accessories on different e-commerce platforms, as well as the creation of novel attachments with greater durability, are projected to boost market sales. These websites offer a diverse selection of products, allowing consumers to compare and select the best bike parts and accessories. Such breakthroughs are expected to occur over the forecast period.

India and China are the top two significant lucrative regions of this market. India is a significant market for two-wheelers. TVS Motors, Yamaha, and Hero Motocorp are among the biggest motorcycle manufacturers in India. As a result, the country’s market is expanding faster. OEMs are working on extending their two-wheeler accessory product line. Electric two-wheeler sales are expanding in China as a more environmentally friendly mode of transportation. Rising urbanization, low affordability, and a rising population may all contribute to the growth of the aftermarket for two-wheeler accessories.

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Key Takeaways from the Market Study

• In 2022, the global two wheeler accessories aftermarket is estimated to have a global market size of US$ 8 Bn.
• In 2022, the protective gear category by product type is expected to occupy a 65% market share.
• By two-wheeler type, the standard motorbike is projected to hold a global market share of 36% in 2022.
• By 2032, India is expected to account for more than half of all sales in the Pacific and South Asia.
• During the period 2022-2032, the Chinese region is predicted to develop significantly at a CAGR of 9.6%.
• Between 2022 and 2032, the Japanese aftermarket for two-wheeler accessories is predicted to expand by around US$1.3 billion.

“The growing number of motorcycle and cycle riding enthusiasts, together with increased awareness of road safety in various nations throughout the world, is expected to boost the market from 2022 to 2032.” comments a Future Market Insights analyst.

Competitive Landscape

AGV Sports Group, TVS Motor Company, Yamaha Motor Company Ltd., Hero Motocorp Ltd., Harley Davidson, Vega Auto Accessories Ltd., Studds Accessories Ltd., OM Steel Industries, Osram Licht AG, Steelbird Hi-Tech India Pvt. Ltd., YF Protector Co. LtdAlpinestars USA Inc. and AltRider LLC are some of the prominent companies within this market.

• In 2021, Hero Motocorp will establish three new facilities in India’s Dharuhera, Gurugram, and Haridwar to increase production capacity. These factories will focus on serving global business (GB) markets across the world in addition to producing for the Indian domestic market.
• In 2021, Yamaha Motor Company, Honda, Piaggio & C SpA, and KTM AG signed a memorandum of intent to form a partnership to develop swappable batteries for motorcycles and light electric vehicles. The mission of the Consortium is to provide standardized technical standards for the swappable battery system for L-category vehicles such as motorcycles, mopeds, tricycles, and quadricycles.

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Key Segments Covered in The Two Wheeler Accessories Aftermarket Report

Two Wheeler Accessories Aftermarket by Product:

• Handle Accessories
  • Handlebars
  • Grips
• Electrical & Electronics
  • Lightings
  • Horns
• Frames & Fittings
  • Crash Protection
  • Windshield
  • Foot Pegs
• Protective Gear
  • Helmets
  • Professional Body Wear
• Bags & Carriage Frames
• Exhaust Accessories
• Seat Covers
• Security Systems

Two Wheeler Accessories Aftermarket by Two wheeler type:

• Standard Motorcycle
• Cruiser Motorcycle
• Sports Motorcycle
• Standard Scooter
• Maxi Scooter
• Mopeds

Two Wheeler Accessories Aftermarket by Sales Channel:

• Online Two Wheeler Accessories Aftermarket
• Authorized Outlets Two Wheeler Accessories Aftermarket
• Independent Outlets Two Wheeler Accessories Aftermarket

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Over the forecast period of 2022 to 2032, the tire pressure monitoring system market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032.

Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle’s tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly.

Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry’s expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and consumer adoption of autonomous vehicles is expected to create opportunities for growth in the market.

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The global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sales.

TPMS is becoming an innovative component in a vehicle. Furthermore, increase in the safety standards adopted by the key manufacturers all over the globe is anticipated to benefit the growth in the market. Increasing sales of electric vehicles are also expected to propel the demand for tire pressure monitoring system in the forthcoming years.

“The quick adaptation of technologies in the automotive sector will fuel the adoption of TPMS. The market for Advance driver assistance systems is benefiting from rising demand for safe care driving, government regulation on road safety, which is expected to have a direct impact on the TMPS market,” says an FMI analyst.

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Key Takeaways:

• Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
• By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
• In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
• Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.
• China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
• Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

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Tire Pressure Monitoring Systems Market: Segmentation

TPMS Market by Category

By Technology:

• Ultrasonic Sensor
• Lidar Sensor
• Radar Sensor
• Camera Sensor
• Infrared Sensor
• Pressure Sensor

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Vehicle Type:

• Passenger Vehicle
• Heavy Commercial Vehicle
• Light Commercial Vehicle

By Region:

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

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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:

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The ship repair and maintenance services market is likely to strengthen its boundaries at a CAGR of 6.6% during the forecast period. The market is anticipated to cross a market share of US$ 50.3 billion by 2033 while it holds a revenue of US$ 26.5 billion in 2023.

– The rising manufacturing industry along with industrialization has led to the higher consumption of logistic services such as ship-based logistics operations, gaining traction for the ship repair and maintenance services market.

– Rapid industrialization is followed by the convenient seaborne trade options that businesses choose over the costly airborne logistic operations, expanding the ship repair and maintenance services market size.

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– Increase in industrial manufacturing goods and post-effects of globalization have played a major part in creating demand for ship repair and maintenance services. Furthermore, the reconditioning of these ships and their transformation have flourished the market growth.

– Government programs work for the enhancement of ship building and maintenance practices through tax cuts. Proliferating private investments are also likely to fuel the adoption of ship repair and maintenance services.

– Ship owners take ship repair as an essential part of operations as It ensures the ship health and cargo safety along with time and money saving in a long run.

Key Points

1. The Asia Pacific region tops the tally when it comes to the consumption of ship repair and maintenance services, while China holds the biggest market share of US$ 9.1 Bn in 2023 and highest CAGR of 7.4 during the forecast period.
2. Followed by China, South Korea to cross a value of US$ of 4.2 Bn by 2033.
3. Being another significant market for ship repair and maintenance services, US thrives at a CAGR of 4.8% during the forecast period while expecting a value of US$ 1.6 Bn by 2033.
4. Oil and chemical tankers segment performs better than its counterparts in the vessel type category as it goes through the regressive routine and carries tons of oil through the longer commercial sea routes. It is expected to thrive at a CAGR of 6.4% during the forecast period.
5. The service and maintenance of hull is the ship’s watertight enclosure and it tops the service type category with a CAGR of 6.2% by 2033.

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Competitive Landscape

The competitors focus on the addition of newer maintenance equipment and technology. Furthermore, the vendors also work on the “One stop shop” model to provide each service type under one roof.

Key players in the ship repair and maintenance services market are: Damen Shipyards Group, Sembcorp Industries Ltd, Cochin Shipyard Limited, China Shipbuilding Industry Corporation, Fincantieri S.p.A., Dae Sun Shipbuilding & Engineering Co. Ltd, Hyundai Mipo Dockyards Co. Ltd, Arab Ship building and Repair Yard Company, Keppel Corporation Limited, United Shipbuilding Corporation, Alexandria Shipyard, Dormac Ship repairs, Astican, and HOSEI CO. LTD

For instance:

• Arab Shipbuilding and Repair Yard Company has revisited the business model and added ship recycling in its services. Other than this, the company provides ship repair & conversion, rig repair, and navel repair along with fabrication and engineering.
• Dormac Ship repairs introduce its repair services like CNC machining, fabrication, cofferdam repairs, electrical circuit repairing etc.

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Key Segments

By Vessel Type:

• Oil and Chemical Tankers
• Bulk Carriers
• General Cargo
• Container Ships
• Gas Carriers
• Offshore Vessels
• Passenger Ships and Ferries
• Mega Yachts and Other Vessels

By Service Type:

• General Services
• Dockage
• Hull Part
• Engine Parts
• Electric Works
• Auxiliary Services

About Future Market Insights (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.

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The global glycol monostearate market is anticipated to grow from US$ 2,200 Mn in 2022 to US$ 3.4165 Bn by 2032, with overall sales accelerating at 4.5% CAGR throughout the forecast period. Rising application of glycol monostearate across various end0use industries such as food & beverage, cosmetics, and personal care is a key factor driving growth in the global market.

Glycol monostearate is an organic molecule compound, also known as ethylene glycol monostearate or glycol stearate. It is generally derived from vegetable sources. The insolubility of ethylene glycol monostearate in water, combined with its low acid and iodine levels, and comparatively high boiling point, helps this chemical remain stable in typical conditions. It can be used as a component in personal care products, skincare, and toiletries, thanks to these properties.

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Glycol monostearate is mainly used to support materials to have a pearlized appearance. It can also make a clear liquid harden into a white-colored fluid, depending on the quantity used and other factors. Its qualities help in maintaining the stability of surfactant systems while also providing the material stability and density. It is commonly used as an organic substitute for minerals as a pearling ingredient in personal care products such as bath and shower gels, shampoos, and liquid soaps.

It also finds applications as an opacifier and emulsifier in cosmetics such as conditioners, creams, and lotions. Ethylene glycol monostearate is also used in skincare products. Thus, rising production of a wide range of cosmetics and personal care products will continue to bolster growth of glycol monostearate market during the forecast period.

Another key property of glycol monostearate is that it has a low acute toxicity and is thus safe to use in a variety of applications. Due to this, it has been incorporated into more than 600 different commercial items.

Key Takeaways from Market Study

• Based on type, pearlizing agent and emulsifier segment cumulatively account for the largest market share.
• By end-use industry, the personal care segment will continue to dominate the global glycol monostearate market during the forecast period.
• The North America glycol monostearate market is expected to register 11% CAGR between 2022 and 2032
• The glycol monostearate market in Japan is expected to grow at 3.6% CAGR between 2022 and 2032.
• Indian glycol monostearate market is likely to grow at 5.7% CAGR between 2022 and 2032

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“Skin friendly characteristic and low substitute availability of glycol monostearate to boost its demand over the next ten years” said a lead analyst at FMI.

Who is winning?

Some of the leading companies offering Glycol Monostearate Products are Zeal Chemicals, Alpha Chemicals, Unichem LLC, Thurs Organics, Spectrum Chemical Manufacturing Corp, Mohini Organics, Solvay, Wellgo Chemical Technology, Sigma-Aldrich, Greenwell Olechemicals Sdn Bhd, VWR, Shijiazhuang City Horizon Chemical Industry, Oceanic Pharmachem, Jeevika Yugchem, and Others.

These companies are constantly improving their production capacities to meet end user demands. Beside this, they are adopting strategies like mergers, acquisitions, collaborations, and partnerships to expand the global footprint.

Get Valuable Insights into Glycol Monostearate Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Glycol Monostearate Products market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Glycol Monostearate Products market based on Type (Pearlizing Agent, Opacifier, Emulsifier), by End-Use Industries (Personal Care, Cosmetics, Toiletries), and across seven major regions.

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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:

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The demand for goods and services in the gum arabic market is projected to be worth US$ 897.3 million in 2022 and US$ 1,796.7 million from 2022 to 2032, growing at a CAGR of 7.2%. A CAGR of 5.9% was recorded for the market between 2016 and 2021.

Gum arabic market records a consistent increase in demand globally owing to its vast industrial uses from the food and beverage industry to the painting industry.

Gum Arabic Market Growth Driver

The diverse application of gum arabic is a significant factor fueling the growth of the market. Gum arabic is used in pharmaceuticals, food and beverages, and personal care industries. Also, gum arabic serve as a thickening agent in the productions of chewing gums, as a binder in watercolor paints, as an additive in ceramic glazes and the rolling papers used in cigarettes. Gum arabic is the most popular natural emulsifier known globally owing to its diverse application. Gum arabic diverse application is a fuel driving the growth of the industry.

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Gum arabic will register a tremendous growth over the forecast period due to the global demand for natural products in the food and beverage industry. Consumers have made a switch toward the consumption of natural food items because of the health benefits associated with natural foods.

Furthermore, gum arabic is used in traditional lithography and printing. It is usually used for the printing seen on newspapers. Gum arabic provides the ink with excellent adhesion power that aids

the permanence of the print. Therefore, the diversity in application of gum arabic is a strong force fueling the growth of the market globally.

Gum Arabic Market Restraint

The global gum arabic market is projected to decline in growth globally owing to abiotic factors such as a climatic change in nations where gum arabic is produced. Also, political instability is a significant force fostering the retardation of the market. Countries that are producing gum arabic, especially Sudan, and Somalia, are faced with many challenges. These challenges will hurt the market in the future since production will be limited.

Also, chemical manufacturers have produced a variety of synthetic substitute which can be used in place of gum arabic for emulsification. Although these substitutes can’t match gum arabic, they are a threat to the gum arabic industry owing to the low price. Consumers might favor opportunity cost ahead of quality.

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Gum Arabic Market: Region-wise Analysis

In 2018, the gum arabic market was dominated by the North America region, whose share of the market was 35.0% of the total revenue gathered throughout the year. The region is projected to remain in the dominance of the global gum arabic market since it is the area with the most extensive consumer base for food and beverage products.

The Asia Pacific is the fastest-growing region for the gum arabic market. It is expected to record a double-digit CAGR over the foreseeable period with Japan, India, China, and Australia acting as drivers due to the soaring sales of dairy products. Also, the increase in demand for confectionery items within the region has a positive impact on the growth of the gum arabic market. Europe, Africa and Latin America are small regions in the market projected to register a moderate growth over the forecast period.

Gum Arabic Market: Competitive Landscape

• Gum Arabic Company
• Nexira
• Kerry Group
• Tic Gums Inc.
• Agrigum International Limited
• Farbest Brands
• Archer Daniels Midland Company
• Ashland Inc
• Hawkins Watts
• Prodigy NIG Limited.

Region-wise Analysis

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographie

Global Gum Arabic Market Segment Analysis

The global gum arabic market can be segmented on the following basis:

By Function

• Thickener
• Gelling Agent
• Fat replacer
• Stabilizer

By Application

• Pharmaceutical Industry
• Food and Beverages Industry
• Printing & Painting
• Others

By Functionality

• Viscosity
• Solubility
• Emulsifier
• Film forming
• Fat substitute
• Fiber
• Stabilizer

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About Future Market Insights, Inc.

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The global glutamic acid market is anticipated to reach an evaluation of US$ 15,164.2 million by 2032, rising from US$ 9,723.1 million in 2022. The market is slated to register an average CAGR of 4.5% from 2022 to 2032. Also known as proteinogenic amino acid, glutamic is mostly used in various dietary supplements as it assists with building protein blocks.

The glutamic acid market contains immense potential for growth owing to surging demand from end-use industries like animal feed, pharmaceuticals, and food and beverages, among others. Another application of glutamic acid is as a flavor enhancer in processed food products which drives the growth of the glutamic acid market in the upcoming years.

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Glutamate is a non-essential amino acid that is vital for the proper functioning of cells. It also detoxifies ammonia from the body and acts as a neurotransmitter in the nervous system. Glutamate is crucial for the normal and healthy functioning of the brain.

It helps with the management of muscular dystrophy, schizophrenia, and others while also improving heartbeat function. The rising awareness of these health benefits of glutamic acid fuels the expansion of the glutamic acid market size. Again, the surging consumption of nutritious food all over the world will augment the global sales of glutamic acid during the assessment period.

Glutamic acid also finds expansive usage in the pharmaceutical industry. In this sector, glutamic acid gained widespread application due to its various benefits. It serves as an anticancer drug enhancer which improves the efficacy of the drug. Furthermore, glutamic acid treats and manages personality disorders, ulcers, epilepsy, hypoglycemic coma, and many others.

The food and beverage industry also offers varied opportunities for growth in the glutamic acid market.  Glutamic acid’s function as a food enhancer and its nutritional value encourage its usage in the food and beverage sector. Increasing demand for packaged food, the growing demand for natural food items, and the need for products with better shelf life are certain considerations that propel the demand for glutamic acid in the food and beverage sector. Though all of these factors invite growth for the market, certain aspects also limit its growth. Rising concerns regarding the risks associated with the excessive intake of glutamic acid will dampen market growth during the projection period.

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Key Takeaways:

• Based on application, the food additives segment will dominate the global marketplace with a 40% share of the overall market.
• Rising demand for processed food will strengthen prospects for the glutamic acid market.
• In 2022, North America’s glutamic acid market accounted for 29.4% of the overall market share.
• The glutamic acid market in Europe held 27.5%  of the overall market share.

Competitive Landscape 

Bachem AG, Ajinomoto Co., Inc, Evonik Industries AG, Bio-chem Technology Group Company, Iris Biotech GmbH, and Kyowa Hakko Bio Co., Ltd, among others, are a few of the prominent participants in the glutamic acid market profiled in the full version of the report.

In a competitive environment, key market players are keen on producing novel and innovative products to attract a wider consumer base. These participants also adopt various research strategies to enhance their products and gain a competitive edge. For instance, Ajinomoto Co., Inc, invests extensively in research activities to better understand the benefits of glutamic acid.

More Insights Into Glutamic Acid Market 

FMI offers an unbiased analysis of the global glutamic acid market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. In its latest report, FMI offers a holistic study of a ten-year sales prospect, market drivers, restraints, trends, and opportunities. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of application, and region.

As per the report, based on segmentation, the food additive application segment will create high demand for the glutamic acid market. This segment accounted for 40% market share and is driven by a growing demand for healthy food options. Based on region, the glutamic acid market in North America will display significant growth.

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The target market in this region accounted for a 29.4% share of the overall market. Increasing demand for processed food in the US and Mexico, rising use of glutamic acid in the pharmaceutical and food and beverage sector, and increasing use of the acid in animal feed is responsible for the significant growth of the glutamic market in North America. Europe will also present notable growth in the glutamic acid market owing to surging demand for food additives and packaged food. Thus, North America and Europe will contribute immensely to the global growth of the glutamic acid market.

Key segments

Glutamic Acid Market by Application:

• Glutamic Acid for Food additives
• Glutamic Acid for Pharmaceuticals
• Glutamic Acid for Animal & Pet Food

Glutamic Acid Market by Region:

• North America Glutamic Acid Market
• Latin America Glutamic Acid Market
• Europe Glutamic Acid Market
• Asia Pacific Glutamic Acid Market
• Middle East & Africa Glutamic Acid Market

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The global food thickeners market is projected to amass a value of US$ 24,469.6 million by 2032, with sales growing at a moderate CAGR of 5.5% from 2022 to 2032. Valued at US$ 14,324.2 million in 2022, the market will present steady growth during the forecast period.

Increasing demand for convenience foods along with rising awareness of healthy eating will propel the food thickeners market forward over the forecast period. The growing popularity of healthy lifestyles and increasing knowledge of the benefits associated with the use of food thickeners will further aid the growth of the food thickeners market.

The addition of food thickeners to beverages results in the absorption of the fluid by thickeners and beverage plumps. When the thickener decomposes, the setting action reverses, and nearly all of the water in the beverage is available as a fluid that the body can absorb.

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It is used in food and beverage products to absorb fluid and thicken it. Food thickeners are used in the food and beverage sector to enhance the viscosity of products such as puddings and sauces, in conjunction with other ingredients like gelatin, eggs, and starches like flour, rice flour, cornstarch, and arrowroot. Thus, extensive use of food thickeners in the food sector and the expansion of the food and beverage industry will facilitate the growth of the food thickeners market.

Rapid urbanization has resulted in shifts in consumer lifestyle and preferences which, in turn, is expected to have a positive impact on the sales of the food thickeners market. This is owing to surging demand for convenience food which encourages greater application of food thickeners. Increasing spending on ready-to-eat snacks, protein-rich items, and nutritional food products will also spur the demand for food thickeners.

Other factors like rising disposable income, a wider consumer base, and increasing demand for non-alcoholic beverages like fruit juice and energy drinks will escalate the expansion of the food thickeners market size. The market will also face certain challenges like an expensive manufacturing process and alterations in raw materials. Though the food thickeners market has a bright future, these aforementioned factors will hamper the growth of the market.

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Key Takeaways:

• The presence of a well-established food and beverage industry in the US and Canada will drive the growth of the food thickeners market in North America, resulting in the ownership of 26.4% of the market share.
• In 2022, Europe’s food thickeners market held about 22.4% of the overall market share.
• Increasing consumption of different types of food thickeners will drive the market in Asia Pacific.
• By application, the bakery category will remain popular with a share of 25% in 2020.
• Based on type, animal-based food thickeners will grow at 6% CAGR during the assessment period.

Competitive Landscape 

Tate & Lyle, Bioriginal, Cargill, CP Kelco, and Nestle Health Science, among others, are a few of the significant participants in the food thickeners market profiled in the full version of the report.

In a competitive environment, dominant market players are concentrating on product development and innovation so as to launch novel products. These businesses also engage in expansion strategies, partnerships, collaborations, acquisitions, and mergers to increase sales and market position. For instance, Tate & Lyle expanded their line of tapioca-based starches in January 2021.

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More Insights Into Food Thickeners Market 

FMI offers an unbiased analysis of the global food thickeners market, providing historical data from 20 to 202 and forecast statistics for 2022 to 2032. In its latest report, FMI offers a complete breakdown of a ten-year sales prospect, market drivers, restraints, opportunities, and trends. For a better understanding of the global market potential, growth, and scope, the market is segmented on the basis of type, source, application, form, and region.

According to the report, based on segmentation, animal-based food thickeners like gelatin and collagen will remain a popular choice, particularly in the bakery sector. This segment will grow at a CAGR of 6%. In terms of application, the bakery segment will dominate the global marketplace.

Based on region, the food thickeners market in North America will present impressive growth. The presence of several multinational food fabrication and processing companies and the highly-developed food and beverage industry will drive the growth of the thickeners market in North America. Europe and Asia Pacific will also contribute to the global growth of the food thickeners market.

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Key Segments Profiled in the Food Thickeners Market Report

Food Thickeners Market by Type:

• Hydrocolloids-based Food Thickeners
• Protein-based Food Thickeners
• Starch-based Food Thickeners

Food Thickeners Market by Source:

• Plant-based Food Thickeners
• Animal-based Food Thickeners
• Microbial-based Food Thickeners

Food Thickeners Market by Form:

• Food Thickeners Gel Type
• Food Thickener Powder

Food Thickeners Market by Application:

• Food Thickeners for Bakery Items
• Food Thickeners for Confectionery
• Food Thickeners for Sauces
• Food Thickeners for Dressings
• Food Thickeners for Gravies
• Food Thickeners for Beverages
• Food Thickeners for Dairy & Frozen Products
• Food Thickeners for Convenience & Processed Foods

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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:

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In 2032, the market for food and beverage protecting cultures is anticipated to generate US$ 1,980.6 Million while growing at a CAGR of 4.3%. In 2022, the market is anticipated to be worth US$ 1,300 Million. The market experienced a 4.3% growth rate between 2016 and 2021.

The global market for protective cultures, particularly for the food and beverages industry is marked by products substituting artificial preservatives in order to promote safe and healthy eating along with extending the shelf life of food products. Food and beverage protective cultures are manufactured by bioscience companies that develop natural food ingredients and solutions.

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Bioscience companies operating in the global market are particularly focusing on developing protective cultures for the food and beverages market in order to better serve their clients in meeting their business end objectives of reaching to health-conscious consumers.

Food and Beverage Protective Cultures Market: Market Dynamics

The global food and beverages industry is marked by presence of market players competing with each other to appeal to consumers with a strong health-conscious attitude. Manufacturers and brands operating in the food and beverage industry have to communicate superior product value along with sustaining quality of shelf life.

Food and beverage protective culture manufacturing companies provide a protective culture that is able to replace traditionally used artificial preservatives. Artificial preservatives are being conventionally used in the manufacturing of food and beverage products, particularly for fermented products in order to extend the shelf life of these food products.

The shelf life of a product plays a vital role in achieving inventorying and supply chain objectives in order to serve a large global market. Brands with a product portfolio that can withstand long shelf life are able to command strong merchandising value on retail shelves. Food and beverage protective cultures provide milk, seafood, meat, poultry, and other processed foods with the capability to sustain shelf life.

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In 2017, Danish bioscience company Chr Hansen launched products in the protective cultures market particularly for yogurt and cheese applications. The protective cultures products launched by Chr Hansen aims to help their clients replace artificial preservatives in order to sustain shelf life of yogurts and cheese products.

Protective cultures have higher product cost as compared to artificial preservatives. Despite relatively higher cost, food and beverage brands are gradually preferring protective cultures as it allows them to target consumer demanding natural solutions for processed foods.

The growing trend of ingredient marketing allows manufacturers and marketers to communicate the significance of natural ingredients over artificial preservatives. Food and beverages protective cultures are recently being added to food products that do not require fermentation. The global market for food and beverage protective culture is driven by investment by food and beverage manufacturers to serve demand for organic and natural food products.

The global market for protective cultures faces limited or restricted scope for foods that are heat treated. However, continuous product innovation and new product development processes are expected to broaden the scope of application for food and beverages protective cultures market.

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Food and Beverage Protective Cultures Market: Regional Outlook

The global food and beverage protective cultures market is segmented into seven key regions, including, North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan. Geographic region with popularity of processed and packaged foods are expected to generate considerable revenue for food and beverages cultures market. China and North America region which represents substantial consumption of meat and dairy products is expected to create high total incremental opportunity during the forecast period 2017-2027.

Global Food and Beverage Protective Cultures Market: Competitive Landscape

Some of the players operating in the food and beverage protective cultures market include Chr. Hansen A/S, Danisco A/S, Sacco Srl, Prayon S.A., Kerry Inc., DSM N.V. and Dalton Biotecnologie S.r.l.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments Profiled In The Food And Beverage Protective Cultures Survey

Food and Beverage Protective Cultures Market by Type:

• Organic Food and Beverage Protective Culture
• Conventional Food and Beverage Protective Culture

Food and Beverage Protective Cultures Market by Application:

• Food and Beverage Protective Cultures for Yogurt
• Food and Beverage Protective Cultures for Cheese
• Food and Beverage Protective Cultures for Meat
• Food and Beverage Protective Cultures for Seafood
• Food and Beverage Protective Cultures for Other Applications

Food and Beverage Protective Cultures Market by Region:

• North America Food and Beverage Protective Cultures Market
• Latin America Food and Beverage Protective Cultures Market
• Europe Food and Beverage Protective Cultures Market
• Asia Pacific Food and Beverage Protective Cultures Market
• Middle East and Africa Food and Beverage Protective Cultures Market

About Future Market Insights, Inc.

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

Contact:

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Christiana Corporate, 200 Continental Drive,
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In 2022, the size of the world ferulic acid market was estimated to be worth US$ 67.8 million. By the end of 2032, it is anticipated that ferulic acid sales would have increased overall at a strong CAGR of 6.74%, amounting to about US$ 130.1 Million.

The report offers in-depth analysis on significant trends and growth drivers which are having an impact on the Ferulic Acid market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

According to the FMI’s report, the Ferulic Acid market is projected to record a CAGR of 5.7% over the forecast period. Significant growth of end-use industries, robust product innovations, and a wealth of distribution networks continue to influence growth of the Ferulic Acid market. FMI’s analysts rely on modern-day research methods for the compilation of the Ferulic Acid market report and gather data from a wide range of primary and secondary sources.

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Key Questions Addressed in the Ferulic Acid Market Report

• What are headwinds and tailwinds shaping the growth curve of the global Ferulic Acid market?
• Which factors will continue to influence growth of the regional Ferulic Acid market?
• What are the recent technological developments in the Ferulic Acid market?
• What are key challenges and competition threats faced by Ferulic Acid market players?
• How will evolving regulatory policies impact the market growth?

Ferulic Acid Market: Competition Assessment

The FMI’s Ferulic Acid market report provides a dashboard view of major players operating in the Ferulic Acid market. Some of the key players are:

• Delekang
• Top Pharm
• Healthful International
• Ankang
• Huacheng
• Hubei Yuancheng
• App Chem-Bio
• Yuansen
• Shanghai Bettersyn Biotech
• Oryza
• OkayasuShoten
• CM Fine Chemicals

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Ferulic Acid market.

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Key Segments Covered in the Ferulic Acid Industry Survey

By Type:

• Synthetic
• Natural Ferulic Acid
• Against Type
• Sequence Type

By Application:

• Food
• Cosmetics
• Pharmaceuticals

By Packaging:

• Interior Packaging
• Exterior Packaging

By Region:

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

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What value does the Ferulic Acid market study add to our client’s business intelligence needs?

•         Extensive analysis on evolving purchase pattern across different geographies
•         All-inclusive assessment of market segments and sub-segments
•         A comparative analysis of  leading players and emerging players in the Ferulic Acid market
•         Reliable information on new product launches, technological advancements, and more

About Future Market Insights, Inc.

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

Contact:

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